"If fitted to run at TWELVE NAUTICAL MILES an hour, the vessel will require 581 H.P., the cargo will be reduced to 2,217 tons, and the time to three days eleven hours; being equivalent to one day's employment of 91/100 H.P. _per ton_ of goods. "If fitted to run at FOURTEEN MILES an hour, the vessel will require 923 H.P., the cargo will be reduced to 1,802 tons, and the time to two days twenty-three hours; being equivalent to one day's employment of 1-52/100 H.P. _per ton_ of goods. "If fitted to run at SIXTEEN MILES per hour, the vessel will require 1,377 H.P., the cargo will be reduced to 1,264 tons, and the time to two days fourteen hours; being equivalent to one day's employment of 2-86/100 H.P. _per ton_ of goods. "If fitted to run at EIGHTEEN MILES per hour, the vessel will require 1,961 H.P., the cargo will be reduced to 585 tons, and the time to two days eight hours; being equivalent to one day's employment of 7-75/100 H.P., _per ton_ of goods. "And if fitted to run at TWENTY MILES per hour, there will be no displacement available for mercantile cargo. "Assuming, now, that the COST per ton of goods will be in proportion to the amount of power and tonnage employed to do the work, it appears that the cost _per ton of goods_ of performing this passage of 1,000 miles, at the respective speeds of 8, 10, 12, 14, 16, and 18 miles, will be proportional to the numbers--33/100, 55/100, 91/100, 1-52/100, 2-86/100, and 7-75/100, which are proportional to the numbers 33, 55, 91, 152, 286, and 775, or nearly as 1, 2, 3, 5, 9, and 23. "Hence it appears, that in the case of the ONE THOUSAND MILES passage above referred to, the cost of freight _per ton of goods_ at TEN MILES per hour, will require to be nearly the _double_ of the rate at EIGHT MILES per hour. "The cost per ton at TWELVE MILES per hour will require to be _three times_ the rate at EIGHT MILES. "The cost per ton at FOURTEEN MILES per hour will require to be _five times_ the rate at EIGHT MILES. "The cost per ton at SIXTEEN MILES per hour will require to be _nine times_ the rate at EIGHT MILES. "The cost per ton at EIGHTEEN MILES per hour will require to be _twenty-three times_ the rate at EIGHT MILES. "And at TWENTY MILES per hour there will be _no displacement_ available for mercantile cargo. "By applying the same process of calculation to a ship of 5,000 tons' mean displacement, making a passage of THREE THOUSAND MILES, we shall find that, at TEN MILES an hour, the cost of freight per ton will require to be double the rate of freight at EIGHT MILES. "The cost per ton at TWELVE MILES will require to be three times the rate at EIGHT MILES. "The cost per ton at FOURTEEN MILES will require to be six times the rate at EIGHT MILES. "The cost per ton at SIXTEEN MILES will require to be twenty times the rate at EIGHT MILES. "And at EIGHTEEN MILES per hour there will be _no displacement_ available for mercantile cargo.