The story of Edward Collins’ career has all the elements to make an
exciting novel or a Hollywood movie--for the lad of 15 who went to
New York to become the nation’s mightiest ship operator--launching
“the most ambitious and spectacular attempt of the American merchant
marine to challenge British supremacy”--finally ended up as a hum-drum
land-bound provision dealer, yet “rosy, hearty and not careworn as when
he had those mighty American steamships resting on his shoulders.”
Seafaring was deep-rooted as the trade of the Collins family. Edward
began with his father in the shipping and commission business; they
operated a service to Vera Cruz and New Orleans. The father died, then
the E. K. Collins & Co. firm was founded and its sign was prominent
on the New York waterfront for almost a half century. Associated with
Collins was a Count Foster of New Orleans.
CALLED “THEATRICAL LINE”
The spectacular Cape Codder and his partner established the Dramatic
Line, to run packets between New York and England. Capt. Lorenzo D.
Baker of Wellfleet, Cape Cod, was scoffed at when he announced he was
going to popularize the banana in the United States and so was Collins
when shipping men heard he was building ships of 1000 tons. His critics
argued there would not be cargoes large enough to fill them, nor
would merchants trust their goods in them. So, in their hoots, they
coined a name for the Dramatic Line. They called it the “Theatrical
Line” because Collins named his vessels for famous authors and actors:
Shakespeare, Siddons, Garrick, Sheridan and Roscius, to mention a few.
Collins had become one of New York’s richest men when the curtain
raised on the era of steam. He visioned the possibilities and watched
closely after England gave Samuel Cunard a subsidy mail contract in
1838. The Cunard Line berthed its first ship at this shore on July 18,
1840. Collins, according to the record at this point, saw a challenge
in the British enterprise. He barged into a financing spree, determined
“to drive the Cunarders out of business.”
Collins went to the nation’s capital for the money he needed. There
he began on a grandiose scale and gradually descended with a series
of headaches to ultimate ruin. His first triumph was the granting of
a government subsidy of $385,000 a year for a period of ten years.
He and his associates were pledged to build five steamers in the
Collins-style, which would make twenty round trips annually, carrying
the mails. In 1852 fortnightly service was established and the subsidy
was increased to $858,000 annually.
The Collins Line prospered for two years. Then the clouds began to
gather.
THE TRAGIC DECLINE
Public-domain text, read in full here on John Shaqi.
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