The Ohio River Trade, 1788-1830Shaw, Hazel Yearsley
History
The Ohio River Trade, 1788-1830
Shaw, Hazel Yearsley
Ohio River -- History; Ohio River Valley -- History
Fordham's figures are as follows: "From Shawnee, Illinois, to New
Orleans, $1 per hundred pounds, back $4½; to Pittsburg #3.50,
from Pittsburg, $1; from Louisville 37½ cents; from Shawnee, or
the mouth of the Wabash to Carmi, on the Little Wabash, 20 miles
below us, 37½ cents ... to the nearest point of the Wabash to our
settlement, 50 cents; down the stream to Shawnee, 5 cents per
hundred pounds."[426] "Freighting down to New Orleans will pay the
expense of going, and leave one or two hundred dollars surplus. But
if, besides $700, the price of a new boat completely rigged, the
owner has a capital of $1500 or $2000, he may make the voyage pay
him from $500 to $1500. The whole trip is completed in two or three
months."[427] "Trade from the general want of capital, and other
causes with which I am unacquainted, is exceedingly profitable. 75
to 100 per cent is reckoned a good profit; 50 per cent is a living
profit; 25 per cent will not keep a man to his business, he will
look out for something else. I had the following account from a
River Trader"
A boat of 30 tons burden from Orleans to Louisville.
_Dr._
14 men at $75 $ 1,050.
Board for 75 days 525.
Extra pay to steersman 75.
Wear of boat 100.
--------
$ 1,750.
_Cr._
Freight of 36 tons at $90 $ 3,240.
Deduct expenses 1,750.
--------
Clear profit $ 1,490.[1]
[1]Fordham, E. P., Travels, 121.
Groceries for Illinois had been received from Philadelphia or
Baltimore, but in 1818 they came from New Orleans: coffee at 40
cents a pound; sugar from 22 to 50 cents; and tea at $2.50.[428] The
steamboats coming up stream carried dry goods, pottery, cotton,
sugar, wines, liquors, salted fish, and other articles; downwards
their loading consisted of grain, flour, tobacco, bacon, etc.[429]
At Harmony, Indiana, in 1818, a boat was being built, as a regular
trader, to carry off the surplus produce, and bring back coffee,
sugar, and groceries, as well as European manufactures.[430] Lead was
received from Louisiana, and copper from South America.[431]
Public-domain text, read in full here on John Shaqi.
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