The Republican journal., 1891-08-27
The American Shipping Interest.

The organization of the Bangor Navigation
Co, for building. owning and managing YES
sells, is a move in the right direction. The
changed conditions relating to vessel property
are 50 apparent that they hardly need be point
ed cut. To he profitable vessels must carry
wei, make quick voyages, and what is per
hals of the first importance, be managed eco
nomically. The coa>ting vessels of to-day, the
biz three and four ma>ted Schooners, carry at
one trip equal to ten or a dozen cargoes of the
old-tlme coaster, while the crew is little larger,
tons. This i, due to the use of steam, which
does the heavy work of hosting, etc. Ex-
peTience has shown that vessel property can
be handled to better advantage by the large
individual or corporate owner than separate
iy. The Dover Navigation Co.'S vessels are
frequently mentioned a, paying large dividends,
and this is true also of what Is known as the
Reynolds Line of Newport. X. l., to which
fleet Brown x Mcdonald, Shipbuiders Of Bel
fast, recently contributed the four-ma-ted Bur
CESS schooner Daniel b. Fearing. A similar
organization to the Bangor Navigation Co..
the Maine Sbip Buidin., Company, has been IN
successful operation at Wi>casset for two
wears or more. and A. tho>e Interested in the
p,.., -, .; . - t;, r,.,,, . ,,l
" ~ a. anu 'Nl''i
business men there would seem to tie no reason
why Tho company may not prosper.
Pertinent TO this subject is letter published
10y the tockland Tribune from a practical ship
owner, ono whose whole life has been ilent-
- -
"1' -" iPi'."7 i"'oioN'>' ~ "i''0S ll'"'
New "rk az follows:
Our ras tern shipbuildcr. should realize that
they are now brought face to face with the
fact that they are endeay0ring to compete for
the foreign 0ver-sea trade with inferior tools
and tools that are annually growing more OBJ
,olete. The communities which have hitherto
led the World in shin hujl,Iin4r and shin owning
now see the worlds tratfit upon the ocean
monopoliIrd hy the Ship, OF Europe. Tramp
steamers ana sailing ships ill the ports Of the
commercial world 4 Glance at the Shipping
Ii>ts Of the world amply shows how small our
share of the trade H.
Now what can the energetic communities, of
New England be thinking Of to let such an in
.lu>trl pass from them: Time was when
American >hlI> carried ninety Ipr cent Of nh
our foreign trade, Ten per cent. NAV now be
cons dered the extent to which we share it.
glance at our true condition reveals the fact
. TINT IN Dir cotton. All our grain Am noSSon-
GERS. att Our timber All cur OIL and indeed, all
the great staple articles which find markets
abroad. lind those market. under foreign Nars.
The American takes for his share Of this trade
what tie foreigner leaves.
The question NAV well he asked. what can
he lonr ia chance his annual decay of an in
du>trv. once the pride Of all New ENGLAND,
LEGISLATION. sovereign poyver. must be in
yoked for one thing. and aIl the political iunU-
ence Of All Sew England must he exerted to
paS. law which Shall have tie eject 10 iliect
I thrift. into the nucleus which remains 10 us 10
/ build On. There Is a feeling prevalent that
steam Is destined TO supersede SAL very soon.
The Judgment of the writer /, that ,ai vii
/ continue for many Years TO perform larre
part Of the carving trade.
/ Ships have been built IN ENGLAND. iron sail