The Story of the American Merchant MarineSpears, John Randolph
History
The Story of the American Merchant Marine
Spears, John Randolph
Merchant marine -- United States
The trade to China thus initiated was so profitable that in 1789 no
less than fifteen American ships were in the Canton roads, of which four
belonged to Captain Derby. One of the four is worth especial notice. She
was the swift _Astræ_, Captain James Magee, Jr., commanding, and Thomas
Handyside Perkins, supercargo. More than twenty individual ventures were
made in this voyage of the _Astræ_, and a few notes from her outward
manifest (list of cargo) will serve well to show the course of trade in
those days. Thus Tenney and Brown, of Newbury, sent "9 kegs snuff," and
a note in the margin of the manifest tells Captain Magee that "⅓ the net
proceeds you are to credit E. H. D.'s account for freight--the other ⅔
to lay out on account of T. & B. in light goods." Opposite the item "1
phaeton and harness complete, with saddles and bridles &c., cased up" is
a note saying: "This belongs to Folger Pope ... the net proceeds is to be
credited to E. H. D.'s account, as friend Derby is to have the use of the
money for freight." David Seas sent "Boxes containing $15,000, 16 casks
ginseng, 5570 lbs. This at one-fifth for freight." William Cabot sent
a box "containing 21 pieces plate, weight 255 oz. 16 dwts. 12 gr." Rum,
wines, beer, fish, flour, "598 firkins butter 32,055 lbs," and spermaceti
candles were conspicuous items in the manifest.
Some quotations from Derby's letter of instructions to the captain and
supercargo are also interesting. "Make the best of your way for Batavia,
and on your arrival there you will dispose of such a part of the cargo
as you think may be most for my interest. I think you had best sell a few
casks of the most ordinary ginseng if you can get one dollar a pound for
it. If you find the price of sugar to be low you will then take into the
ship as much of the best white kind as will floor her, and fifty thousand
weight of coffee, if it is low as we have heard, ... and fifteen thousand
of salt petre, if it is very low, some nutmegs, and fifty thousand weight
of pepper; this you will store in the fore peak for fear of injuring
the teas. The sugars will save the expense of any stone ballast, and it
will make a floor for the teas &c. at Canton. At Batavia you must, if
possible, get as much freight for Canton as will pay half or more of your
charges.... You must endeavor to be the first ship with ginseng, for be
assured you will do better alone than you will if there are three or four
ships at Canton at the same time with you." As another of the Derby ships
was to be at Batavia on the arrival of the _Astræ_, directions were given
for the loading or the sale of that vessel, according as circumstances
seemed to require, but special stress is laid upon the necessity of making
careful calculations before selling the vessel, in order to be sure that
that course would pay better than bringing her home full of cargo. It
is manifest that Derby did not care to sell her. "Captain Magee and Mr.
Public-domain text, read in full here on John Shaqi.
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