Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1902-04-16
PROFITS FROM BIG soHooNERs.
Big Dividends Paid-List of Worlds
Largest Schuoners.

Big Dividends Paid-List of Worlds
Largest Schooners.
That the great four masted and five
masted sehooners in the coast coal
freighting are profitable investments
when well managed, is evident from
their success in the coal trade, and when,
combined with large carrying capacity
Is swiftness Of sailing, as in the case OF
The great six master, George w. wells,"
or the four master, "Jacob NJ HASKELL"
the income from the investment is inai-
ted only BY the necessary time to make
trips.
Not long ago Frank n. Tandy, Of
Boston, who is an expert in marine
matters, complied some figures which are
Of general interest. Mr. Tsndy took the
statements 81 four large schooners Two
four nlasters sud t@o>age mRsters-which
bage beeH Deed H the Atlantic cosst trade,
and in a very full table clearly shows
what vessels Of this type are oapaole OF
earning, even when freight rates are as
low as they are at present.
Vessel No. made twelve voyages, con-
Stunning 512 days. She paid dividends
from SIC TO ss4 per "a each trip, the
total for the twelve trips figuring up S442
per GA, and she paid 3s s per cent. OF
her cost in that time. This vessel cost
s72,960; gross tonnage is 1904, and her
carrying capacity Is 5000 tons.
The three other vessels from whose
statements data are complied paid from
si2 to 800 per LEA each trip, and the
average for the fleet shows a dividend OF
s33 per l. Ga each trip, and a yearly profit
of q per cent. on the Investment to the
owners. The net earnings have SO far
averaged 1873 per cent. OF the gross
receipts and IS 8 per cent. OF the total
cost OF the vessels has so far been paid.
The following facts, gathered by John
8. Rand, OF Portsmouth, N. H., show some
interesting points in the Atlantic coasting
trade:
There are just 377 schooners OF over 500
tons gross register, owned on the Attain
tic coast.
The largest two masted schooner is the
"oliver Ames," 465 tons gross.
The smallest four. masted schooner Is |
the "Massac b usetts," sol tons gross.
The largest four. masted schooner afiost |
is the Frank A. Palmer" 2,ol4 tons gross.
The largest three masted schooner on |
the ocean is the bradford c. French"
96s tons gross.
The smallest fye-masted schooner on |
the high seas is the "Governor Ames,"
ITS tons gross.
The largest five-masted schooner in the |
world is the prescott Palmer, of
Boston, which registers 2S11 tons.
The largest schooner in the world at
the present time is the "Eleanor A. |
Percy, OF Bath. She registers $40 tons
gross aud has six mssts. The only other |
six master sfioat Is the "George w.
welIs," of Boston; she registers 1870 tons
gross.
The -masted schooner building
will be the first steel schooner ever built
in this country, and the first seven
master ever built In the world. She will
carry a cargo of 1900 tons, spread $1,000
feet OF sail, and be handled by a crew of
only sixteen men, owing to many devices
for saving labor.
The following table gives the name and
gross tonnage OF the twenty largest
schooners in he world:
Gross
Names. tons.
Eleanor M. Percy, 6m............... 3,401
George w. Wells, 6m.............. 2,g7O
Prescott Palmer, 5m................ 2S11
Baker Palmer, Observation-Disclosures. 2792
William c. Carnegie, 5m............ 1858
Rebecca Palmer, 5m................. 1855
john b Prescott, 5m ............... 2,454
Nathaniel T. Palmer, 5m ..... 2 440