18/23 These vessels have an aggregate burden of one million tons, are worth forty dollars, gold, per ton, and earn a net profit per annum of ten per cent. Although in this kind of carrying trade we are wofully behind other nations, yet it yields, in twelve years (the average age of the vessels engaged in it), the neat little profit of $48,000,000, which is invested by Q in tea, coffee, and sugar, and imported into the United States at a net profit of ten per cent. Although an unquestionable gain to Q and the country at large of $52,800,000, Mr.Greeley, with his contracted views, only regards it as a dead loss on the import side of our Commerce and Navigation Returns. (Sch*yl*r carried off a million of New Haven Railroad bonds). |