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Updated: July 28, 2025
The little coal used in the southern counties was principally sea-borne, though pack-horses occasionally carried coal inland for the supply of the blacksmiths' forges.
Yet all this crude absurdity, 'from the courtier to the carter, was the glass reflecting the constantly increasing sea-borne trade, ever pushing farther afield under the stimulus and protection of the sea-dogs. And the Queen took precious good care that it all paid toll to her treasury through the customs, so that she could have more money to build more ships.
This idea indeed is carried so far, that we are frequently invited to fix the standard of our naval strength by comparing it with the proportion which the naval strength of other Powers bears to their sea-borne trade.
But such a revolution can only be effected slowly. At Camden will be found a large yard for the reception of the Midland Counties' coal, the introduction of which has had a considerable effect in bringing down the price of sea-borne coal. The cattle pens have lately been altered and enlarged.
It was apparent that, if Italy could obtain both the port of Trieste and the port of Fiume, the two available outlets for foreign trade to the territories lying north and east of the Adriatic Sea, she would have a substantial monopoly of the sea-borne commerce of the Dalmatian coast and its hinterland.
Moreover, outside the sea-borne culture of the Mediterranean, pottery does not travel far: its uses are domestic, not commercial. John Gilpin's fate is typical of those who would carry things on horseback in bottles. Like words, however, potsherds enlighten us more about frontiers and contrasts than about uniformities. They are terribly provincial and tell their tale with a twang.
The glory of the Cinque Ports seems departed for ever, unless as harbours of refuge, while Folkestone, by the help of a railway, has acquired a considerable trade at the expense of Dover. The same power which has rendered Southampton great has reduced Falmouth and Harwich to a miserably low ebb. The sea-borne trade of Chester is gone for ever, but Birkenhead hopes to rise by the power of steam.
What taken together they may do in this way would no doubt make an appreciable difference in the balance of forces between the two contending navies; but in the actual struggle the colonies would be little more than spectators, except in so far as their ports would offer a certain number of secure bases for the cruisers upon which Great Britain must rely for the protection of her sea-borne trade.
The insecurity of sea-borne trade caused many of the younger merchants to deal in money securities and bills of exchange rather than in goods. Banking houses sprang up apace, and large fortunes were made by speculative investments in stocks and shares; and loans for foreign governments, large and small, were readily negotiated.
Brown sea-kelp and sea-green sea-grass and the sea-anemone that are the floating gardens of the sea-gods and sea-goddesses; sea-birds, soft-bosomed as doves and crying with their ceaseless and sorrowful cry; and all they that are sea-borne along the sea-board, these were there in their glory. We hid in caverns and there dreamed our sea-dreams.
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