The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-13

ing them, allow steamers 10 DO run at pretty low
figure Besides merchants arc willing to pay higher
freight Tor speed You see the underwriters charge
less insurance on steamer freight than SAILING
freight because they have TO carry the risk Tor much
twelve days, while on sanE ship they may have 10
carry II Tor sixty days exposed to tho accidents and
steamers cargo is only one per cent, while
on sailing freight one and half is charged.
going into sh,pbuilding Is the enormous insurance
premium paid huliss The underwriters aemaLd
pc, GEM On 50 ,n ,s me
this way the underwriters pocket the pronts which
should 60 TO encourage the owners 10 keep on build
ing
"now 90 you think war between England and
Russia would affect our snppingf"
increased export OF grain. You see we have very
little commerce TO be Influenced, and by tho time
BIO over. You must also remember that tho OF her
neutral Powers-ltaiy, Norway, Sweden and Ger
many-havo enough tonnage 10 DO all tho carry
Ing trade OF tho world even should England and Rus.
STA be obliged TO haul on their merchantmen"
II. Eiwcii thousns that . war between England
trade As =, might the Pacific trade, because tho
cargocs were moro valuable IN the Paeinc, and,
being longer ~ sea- would the shippers 10 NAL
discrimination against nag having war risk. In
the probable duration OF a war. and. as their mer-
chsndisc would DO three four months al soa they
dscrimina,ioa has been made toward vessels either
In the Atlantic or the Pac,ac; but, OF war,
The neutral nass. We must. however, bear IN
mind that the Scandinavian neet have the
same same !, chance rs me american nos., aod
ever, become involved IN the war there would DO
very large discrimination In favor OF American vss-
sells. Should the underwriters decide on pu,tng a
war risk on certain nags Il would give neutral nags,
which mad mono. preference 10 the extent Of the
risk. So long, however. hs the underwriters pat
no war risk Tho discrimination viii DO very small,
scarcely amounting 10 a preference.
ENGLISH FLAG NOT ~ DANGER
~ can't whereby EuRlsh mar 4 a greut
danger because the Russian neet e not very strong
and mo Enghsn nag is we'll protect ed by tho govern.
mont In case cruisers did get out would certainly
can Neutral vessels would get mo
preference, a. least 10 tho extent OF tho In
creased insurance risk. Englsh commerce would
no, BIO destroyed, not even seriously damaged Car
cent on war risk, but this would Aot be very severe
strata Take, Tor instance, cargo OF OIL worth
amount to $500, or about SIX cents barrel Our
merco was destroyed during the civil because our
were unable 70 take ihom back whom tho war was
over As exchange was very nigh the ship0wpcrs re-
ceived very niSh price In greonbacks for their yes
bu.lt We have built more ships durin; tho past four
years than Tor long period previous. because labor
ana materials have been very low. There IS good
dead of shpbu,ldnR going on IN tho New England
States Tho only iron shpouider 10 the United States
HAS the present war Affected American shipping
interests avorabiy -
"rns bas not bcen OF tho least advantage. 10
number OF ships ordinarily employed in the Black
Sca trade 30 that Amcrlca has gained nothing lar
as hsr merchant marine Is concerned. Tho produce
trado has been seuehted, bot vessels did not got
high rates for freight as they would have done
had thsrs been peace, because there verc more
vessels available TO DO our work than undcr ordinary
circumstances.' +@-ee-s..e@@
CAPTAIN Snow VIEWS
TAT 1rst war between England and Russia would
avoraoly AFFECT our commerce. but as the British
Tor instance, the HanovsrianM.hs Advantage would
sot long contnae Under the Englsh system OF free
trade In ships this could be done without nconvea,-
epcc because whom the war came TO end the sh DIS
could DO taken back under tho British nap.n
"Woud the Russian cruisers recognise this trans
feri"
''rbcy would have 10 recognize II. for as the ship
would carry neutral papers there would be means
not don'l think war WIN UGH disturb tbs Allan
tic trade but IN the East Indies and coast of
Peru our commerce would no doubt DO ed by 4
discrim instion against The British Nag. The war
would chiefly anect the sailing fleet, as steamers Of
large tonnage could not very we'll be interored with
BY Tho Russians, because thcy have no ships which
could catch them. Our own experience shows that 1t
10 very dicult TO catch fast Steamers for notwith
standing all our appliances We could hardly prevent
the Englsh BLOCKADE from enier ng and leav.
ing ports The Russians have fleet to block.
sSsy would and Il smos. possible 10 prsvsns them
running IN ana on. y their pleasure"
"Thsn you do not think q war Will bcncft Us very
muchSn
"No because ali tho neutral nations would stu be
our competitors and Judge the English wrput their
sailing ships under neutral flags, they will still be
met tho peting Tor tho lraflc. This
transfer undoubtedly be mado, only having
reference TO tho laws oil tho country whose nag viii
be selected. With US u was different because ndcr
laws u ship transferred shc could "
taken back under our flag For tho reason, no
matter how cnoaply English vessels might DO sold,
sorId not purchase them, because they could carry
our nag II VIC wore to buifa large number OF sh ps
to meet . sudden demand caused by the temporary
withdrawal OF portion OF the Engiisb feeI mt tho
end OF the war thoy would lie useless our hands,
because they would b., an unhealthy addison 10 tho
shipping Of tho world which at present Is than
equal 10 the WORK IL has 10 do l am FREQ trader,
and think free navigation would bencnt our PEG.
pbc. Al present We arc like poape who BUY In u dcar
market and 20 TO a cheap market 10 SELL THIS has
made snip owning SO nttle profitable that capital
been diverted into other channels. 1t 10 dceayinx
interest. Tho number OF ships 10 NOT hugely IN
crcasing While other interests have grown ship
ownipg has renamed comparatively stationary.
since CromwelPs time everything used In Inc
building Of ship has been ireo Of duty In England,
aad what a wonderful development her marine
hes taken. Until such lsws made 40 viii permit
she OF little schooner TO 1.-Two aud prosper
commerce cannot thrive Commerce Ia mado up BY .
number OF small capitals and these put together are
what constitutes hs size and Importance"
.You think tho difficulty lies In The cost OF ship
building with uss"
'sAt present ships be built AZ cheaply In the
United states ss anywhere else, but should sudden
demand arise for ships prices would 60 up, and then
would DO left at the termination OF Tho with
lot OF dear ships our hands Gould we buy tho
English ships and sail them under nag as they did