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By the report of the Secretary of State communicated to you on the 25th June last you were informed of the conditional reduction obtained by the minister of the United States at Madrid of the duties on tonnage levied on American shipping in the ports of Spain.
In 1858 the bounty system was abandoned, however, and the fishermen were left to shift for themselves, earning small profits at peril of their lives and preferring to follow the sea because they knew no other profession. In spite of this loss of assistance from the Government, the tonnage engaged in deep-sea fisheries was never so great as in the second year of the Civil War.
But all these regulations, whether established by treaty or by municipal enactments, are still subject to one important restriction. The removal of discriminating duties of tonnage and of impost is limited to articles of the growth, produce, or manufacture of the country to which the vessel belongs or to such articles as are most usually first shipped from her ports.
This result is more easily explained than the inroads made on our more ordinary foreign traffic, in sailing vessels, by the mercantile marine of second- and third-rate powers. This is eloquently told by the annual government returns and the daily shipping-list. While our coastwise tonnage increases, that employed in foreign trade remains stationary or declines.
They'll be found dead on the job!" Quite early in 1915 the Blue Star Navigation Company had found ample opportunity, due to a world scarcity of tonnage, to dispose of several of their oldest and smallest steam schooners at unbelievably fine prices. "Get rid of them, Matt," Cappy advised his son-in-law, Captain Matt Peasley, whom he had made president of the company.
With an army of more than a million men, not on paper, but actually in the field, they had overthrown a domestic assailant. They had maintained at sea a war-fleet of nearly seven hundred ships, carrying five thousand guns, some of them the heaviest in the world. The tonnage of this navy amounted to half a million.
The "Yankee's" tonnage is 4,695 tons; length, 408 feet; beam, 48 feet. The battery carried consists of ten five-inch quick-firing breechloaders, six six-pounders, and two Colt automatic guns. After events proved conclusively the efficiency of the "Yankee's" armament. The detail was taken alongside the "Yankee" by the tug.
Then the broad, glittering river, covered with boats darting to and fro, conveying passengers from twenty-five vessels, of various size and tonnage, which rode at anchor, with their flags flying from the mast-head, gave an air of life and interest to the whole. Turning to the south side of the St.
Peterhead stands on the most easterly part of the mainland of Scotland, occupying the north-east side of the bay, and being connected with the country on the northwest by an isthmus only 800 yards broad. In Cromwell's time, the port possessed only twenty tons of boat tonnage, and its only harbour was a small basin dug out of the rock.
In commerce, as in war, the naval supremacy of the republic was indisputable. It was easy for the States to place two thousand vessels of war in commission, if necessary, of tonnage varying from four hundred to twelve hundred tons, to man them with the hardiest and boldest sailors in the world, and to despatch them with promptness to any quarter of the globe.