The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1857-09-17

AMERICAN EAST INDIA TRapE.-Thc trade with
Calcutta, out of and into Boston, must, from the
tenor of the appended article, clipped from the
columns of the Traveller, be assuming an imper1
lance even greater than the British East India
trade with New York.
Although freights are quoted very low in Amer
lean papers, vessels engaged in the India trade,
both American and English, have found constant
employment, as we learn by Lemuel Goddard,
Finch & Co. g circular of date of London June 2.
1t is not probable that the disturbance in India
will continue long or affect the American or
English India trade to any extent.
The following extracts refer solely to the Amer
lean fleet of India ships, besides which the English
have a still larger fleet.
.sThere are, at the present time, on their way
out to Calcutta to load for Boston, at that port
loading or on their passage from thence to Bos-
ton. 100 ships. The whole of this fleet, it they
escape the dangers of the seas, will arrive here
before the first of July next, perhaps sooner, and
the aggregate value of their cargoes will probably
exceed fifteen millions of dollars, and the freight
lists of the ships exceed -hree millions. This
trade has been subject to unusual fluctuations,
the past year. At one time, the profits on the
cargoes which came in were very large subse-
ouently the losses on the same cargoes were very
considerable. and since, the business has returned
in a great measure TO its former steadiness OF
moderate profits, for which it has been more
marked than almost any other branch of the COM
merce of the country.
.sWe have adverted occasionally to the Cal
cutta trade as a forcible illustration of what the
commerce of Boston might become, if the same
amount of sagacity, perseverance and capital
which is devoted to this should be applied to
traffic in other countries. 1t is the intimate ac-
ouaintance with the business and the resources of
British India which has made our trade with
that country so successful, and caused 1t to in
crease so rapidly. Apply the like knowledge and
the same means and energy TO any other country,
and the same results will follow. 1t is true that
in those countries where the business is TO sell as
well as to buy, greater industry and ability is
requisite, because selling to advantage is always
harder work than buying. But our merchants
have hundreds of young men around them and
in their stores who could be employed more profit
ably for themselves and for the country IN going
abroad. making themselves acquainted with the
wants and resources of foreign lands, and there
receiving c-onsignments of goods from home, and
making purchases for return cargoes, than In any
other way. They would in some instances bere-
ouired to exercise more self-denial than If at
home. and lose somewhat of social and domestic
enjoyment. But the compensation for their time
would be so much greater, that in a few years
they would be able to acquire a competency ana
return home to give another set n chance toenter
the field.
Everywhere, in all the marts of trade, this
system should be adopted. 1t is unsafe to sell or
to buy in distant markets for any great length of
time. unless we have, as our agents on the spot,
those who are equally interested with us in the
success of our undertakings"