The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-19
REVIVAL OF THE SHIPPING INTEREST.
Effect of tho Partial Failure Of the Grain
Crop Of Europe on Our Commerce and
bodybuilding.
TO THE EDITOR OF THE HERALD.

Effect Of tho Partial Failure Of the Grain
Crop Of Europe Our Commerce and
bodybuilding.
TO THE EDITOR OF THE HERALD.
NEw YORK. Oct. 10, 1887.
The partial failure of the cereal crop in Europe and
its influence, present and prospective upon commerce
and trade are just occupying largo Of attsn-
ton. Among the FIRST results Of this failure 10 the
extraordinary recovery OF the American shipping nte-
rest from the great depression OF the past few years.
under the influence OF the export movement In bread
sturs During the past three fsur years this great
and material interest had been weighed down by
burdens hssped upon by shortsghtod, radical Con-
gress which, through mbecie legislation, he'd we'll
nigh annhlated it. and its partial recuperaton under
tho active export movement in bresdsuns is accord
ngly cause for general congratuaion only among
those who Immediately interested but among all
who have the general welfare and prosperity OF the
country at heart During the prevalence Of the
late war commerce naturally sought protec-
ton from the Anglo-rebel privateers under a
foreign flag aud American shipowners, finding
their Occupation gonen comp elled in SELF
preservation to seek safety under neutral flag And
in this way only American ships kept in active
employment, even part OF tho timc. But the hope
was entertained that, the once over, American
commerce would be fostered by Congress- and its
cuperation from tho great depression accelerated
was tho law prohibiting the retransfsr Of vessels to
the An ericau flag, and placing an abominabe tariff
nearly all articles which ensr into the construction OF
ships so that our mercantile fleet was per force kept
ridculousiy small and shipbuildng within the limits OF
the United states was virtually prohibited. And thus
far our purbnd legislators have failed to discover the
foolishness Of the policy they have pursued though
has been apparent TO everybody else. But after some
ruined and Others we'll nigh forced into bankruptcy
through no fault OF their own-thers il at length
Ihs faurs of the Europosn grain crou has occasioned
an extraordinary demand for American cereals and
large ships arc once moro p demand TO convey 70 Eng
land our surplus wheat and corn and -four. The great
demand for ships and the high rates Of freight now cur
ront take back 10 tho days when our noble American
dotted almost ovsry sea- This Is indeed harvest time
for the handful Of American shipowne, whose energy
radical Ieriaatlon 0, the past few years and no one will
grudge them tho ust reward or their under
such dscouragsments The demand for vessels may not
long DO active now, nor rates OF freight 80
that there viii Ds active and profitable for
movement in grain the demand for American cotton Ia
Europe will call into rcquiston large amount q ton
tainiy provide employment for large number OF
smaer craft so that the future 10 bright with promise
But remove tho erorb,sn. duties on sh,pbulding ma
tera and shpyards which have been deserted Tor
long time, would soon present scene OF unwonted
would approximate its whlom greatness and grandeur
II the present opportunity DO not improved u may DO
sclf. And In view Of this fact, viii not
Congress, learning wisdom from experience
TO abrogate OF tho obnoxious laws whereby
American commerce has been dwarfed, aud healthy
expansion OF the shipping interests rendered impossbe
The experiences OF the past fow weeks must have at
monishod our law makers that the sands OF radicasm
arc about outthat radical legislation IS nimicAl 70
healthy development OF commerce and trade. Can they
not see that the people deerminedy opposed 70
system Of legislation which dwarfs tho national energies
aud ro!ards our national progresss Can they
not see tho handwriting on ths WALTZ Most surely
has radcalisam been tried IN the balance and found
wanting. and we conservative legislators
hat The time has for them 10 shake or the letters
which bind them to the few radical mArplos who vr.
uaiy control the national legislation, and II they hes-
tate much longer their opportunity will have forever
passed away Now that tho country at peace and The
legislation has passed, the people becoming weary
ortbe delay in removing Of The aboninable enst
mene OF the past few years. and among the most obnDx
IONS and unjust OF these Is that which has ylrtuayput
an end 10 shipbuildng within the United States and
duarfah our mercantile marine.