The enquirer. [volume] (Richmond, Va.) 1804-1815, 1808-07-01
Erfsaefs from euidencs on the British Or
ders, delivered before the British Parii-
ors.nt-fC o-t;n...iN "a, -.
LoNDon, March %.

,ders, delivered before the British Iarii-
s....==..::..-{{CC Continued
LONDON, MARCH %.
Mr. Thomas Martin.
What we're the premiums on American
risks in summer from Liverpool to Ameri-
ca, in the summer of 1867 Two guneas
per cent and two and a half per cent. in the
summer of 1906.
In the winter In the winter three gui-
meas per cent. and sometimes four
And in 1907 what were the same premi-
ums s-They were much the same as in 1906,
the summer were two and a half, and the
winter three and sometimes four gui-
meas. ~
When did the news of the Berlin decree
of the 21st November, 1906, reach Liverpool!
On or before the 18th December, 1906.
Do you remember to have effected an in
surance to America on the 18th of that
month Yes, my house effected an insur-
aDce on an American risk ON the 18th of that
month, that was from America to Liver
pool.
At what premium did you effect that in
surance At three guineas per cent.
SO that there was an immediate or tenn
porary rise after the knowledge of the Ber-
lin decree came to Liverpool !? There
was.
How long did this rise continue I. In Jan
uary following an insurance was effected
on vessel to America at five guineas per
cent. but this was to small amount, aud on
the 18th of February following an insurance
was effected on the same vessel at three
guineas per cent.
Being the same premium as in the former
year before the Berlin decree Yes, it was.
What is the general difference in almost
all years between premiums on American
voyages in summer risks! The difference
is one or one and half per cent
The falling off of the manufactures from
Liverpool, at the spring shipments, is in
your opinion owing to the orders in council
only! 1t is in my opinion principally owing
to the orders in council
Will you state whether the shipments in
the fall of 1907, had not fallen OF considera-
bly,, as compared with the fall shipments in
1906! Certainly not; and i doubt whether
they were not very nearly, if not quite as
much as those of 1906 but if they had fall
len of, it was bv no means considerably.
4 When you state thosereasons which would
prevent your shipping goods TO America, do
you not take intoy our consideration at all, that
merchant exporting goods from this country
would look for his return for those goods
from America and do not you think that
the embargo in America might operate &c
prevent his shipping them there? If l am
desired to give All opinion on that subject,
1t is precisely this: we know as matter of
fact that the embargo was laidin December
the question for merchant in this country,
shipping goods to America, is, how long it
is probable that EMBARGO will continue IS
1t is likely TO continue for great length of
time, he will be the less induced to send
Sootts, and ii iur short time, ne will be IN
duced to send out goods; the orders in coun-
Gil having taken place, I conceive that an
effectual bar is put to seading goods, for.he
will infer (at least that is the case with nv
self that the embargo will be prolonged by
the orders in council.
You conceive that, though you know the
embargo was laid on without any knowledge
of the orders in council conceive it was
known in America for nine or ten DAYS be-
fore the laying on of the embargo, that pro-
visions equivalent to the orders of council
were intended and determined upon by the
British government nine OF ten days.
What is your source of knowledge upon
that subject? On the 18th of November l
wrote circular letter to my American
correspondents, which letter was received
out OH the 18th or 18th of December; but
selieve the 18th of December, in which
stated, 1t is strongly reported, that it is
the intention OF our government to extend
the system of blockade to France and the
respective states on the continent under her
influence, prohibiting from entrance into any
of their ports all vessels whatever. except
such as have last cleared from Great-Bri-
tain or her dependencies" have received
advice. shat one ofthe vessels by which this
circular letter went, arrived ON the 18th, or
not later than the 18th of December
Shakesfaear Phillips Called IN again.
Had you any occasion to insure goods to
America, in the way of your business, 10
January 1907 had.
Was that early in January. cannot ex-
actly state should rather think about the
middle of January.
What premium did you pay for that in
surance! Five guineas per cent
Did you consider that an increased premi-
umi Certainly.
Increased how much The usual winter
premium from England to the United States
is three snineas per cent two to three.
And the simmer premiums The summer
premium two guineas.
How long did this increase of prem um
from three guineas to five guineas per ccn..
last! 4 very short time
a fortnight should rather think not a
week.
So that before the end Of the month Of
january 1907, the premium had fallen back
to its usual cate? Yes, we effected insurabces
at three guineas, in, should think, less than
a fortnight after we had effected that at five