Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1808-07-05

lporary rise after the knowledge of the Ber-
Ian decree came to Liverpool! There
was
How long lid this rise continue? In ia
lnuary following an insurance was Effected
on a vessel to America at FIVE guineas per
,cent. hut this was to 4 small amount, and
on the 18TH Of February following an in
Isurarce was effected On the same vessel At
three guineas per cent
Being the same premium as in the for
mer year before the Berlin decree Yes,
liz was.
| What is the general difference in almost
all years between premiums on American
voyages II ummer risks The difference
us one or che and half per cent.
J. The falling off of the manufactures from
Liverpool, at the spring shipments, is IN
your opinion owing to the orders in council
iony! 1t is in my opinion principally ow-
ing 70 tile orders in council.
! VIII you state whether the shipments
in the fall of 1907, had not fallen off
considerably, rs compared with the fall
shipment in 1906 Certainly not; and
doubt whether they were not very nearly,
It not quite as much as those of 1906; but
If they had fallen off, it was by no means
considerably
When you state these reasons which
!
merica, do you net take into your consi-
Iteration ar all, that merchant export ting
goods fran this country would for ms re-
&c arm forthose goods from America; and do
not YOU think that the embargo in Amcri
Ca might operate to prevent his shipping
them there! If | am desired to give an
! opinion on that subject, it is precisely tkis !:
We Know as matter of fact that the embar-
81 was laid in December; the question for
merchant in this country, shipping goods
10 America, is, how long it is probable that
embargo viii continue; it it is likely 10
continue for great length of time, hC
viii be the less induced TO send goOds, and
| II for short time, he will be induced TO
send out goods; The orders in council Iva.
wing taken place, | conceive that an Ell. c.
tuai bar is put 10 sending goods, for he VIII
infer Cat least that is the case with myself
that the embargo viii be prolonged by The
orders in council.
You conceive thas, though you know the
embargo was laid ON without any know
lodge of the orders in comet? conceive
1t was known IN America for nine or ten
days before the laying on Of The embargo,
mat provisions equ valent 70 the orders of
council were intend and determined up
on by the British government nine or ten
days.
What is your source of knowledge upon
that subject! On the 18th Of November
wrote circular letter to my American cor
respondents, which letter was received
out on the 18th or 18th of December bnt
! believe the 18th of December, in which
stated" 1t is strongly reported, that it is
TN intention OF our government to extend
the system of blockade 10 France and the
respective states, on the continent under
her influence, prob biting from entrance
INTO any OF their ports al. vessels whate yer,
eXcep' such as have last cleared from G..
I BRITAIN or her dep ndences." | hive re-
! ceIved advice, that one of the vessels by
which this circular letter went, arriN, I, on
the l2th, or not later than the 13tn vi De-
cember.
Shakespeare Philips called IN again.
Had you any occasion 20 insure goods to
America, in the way of your business, in ia
nuary, 1907 had.
Was that early in january? Cannot ex-
actly state; | should rather ;hink about the
middle of January.
What premium did you pay for that in.
surance! FIVE gu.neas per cent.
Did you consider that AN increased pre-
MUM Certainly.
Increased how much The usual winter
premium from England to the United
states is three guineas per cent: two TO
three.
And the SUMMER premium7 The summer
premium two guineas.
How long did this Increase of premium
from three to FIVE guiueas per cent last? A
very short time.
A fortnight / should rather think not a
week.
30 that before the end az the month ar ia
nuary, 1907, the premium had fallen back
to its usuai rate Yes. we effected ins,,r.
ance at three guineas, IN, | should think L. IS
than fortnight after We had Effected mat
at FIVE guneas.
In The same year did you effect any insur.
noes IN August Yes.
At what premium? Two guineas per
cent.
what were the premiums in July and An
gust, 1907 ! conceive two guineas; bur
cannot precisely answer that question, it is
so long since.
You do not conceive that in July and Au.
gust, 1909 you paid higher than the ordi
nary premium Certainly not. / never
knew It lower to the nted Statcs.
Since July and August, 1907, have you
mad any occasion 20 effect any assurances In
the year 1907 Yes, J effected some small
insgr noes IN the year 1907, from the u. S
To England, and they we're, / believe, at two
per cent. (Io be continued
Assize of Bread