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Updated: September 5, 2025
To merchant steamships built in accordance with plans approved by the Navy Department, the rate of fifteen per cent above the regular navigation bounty provided in the law of 1881, was increased to twenty-five per cent. The effect of this law appears to have been a division of the interests of shipowners and shipbuilders. It did this and more.
The old-fashioned mansions of retired traders or prosperous shipbuilders, which had so long adorned the hills of the coast towns, were giving way to the larger houses of the captains of industry who built up the inland towns or created the suburbs of the greater cities.
Adopting what seemed to her statesmen of the new regime, from their study of Western methods, to be the speediest way to that end, she started out energetically to attain it through lavish money-grants from the national treasury for the establishment of steamship companies of her own people in coastwise and ocean service, and of modernized ship-yards and shipbuilders.
They would give employment to many of our enterprising shipbuilders and mechanics and greatly facilitate and enlarge our commerce in the Pacific.
Enterprising Yankee shipbuilders, realizing their opportunity, constructed staunch little vessels which could weather the seas, sail over to Europe, load up with goods necessary to the planter, return and glide down the coast till they found an opening between the dreaded bars, then, slipping from sound to sound, carry to the planters in the Albemarle region the cargoes for which they were waiting.
Mather to write to each firm of shipbuilders and ascertain how many ships they could build and put in readiness for operation at the opening of navigation the next spring. He found that some companies could build one, some could build two, and that the total number would be twelve.
It may well be doubted whether all these calamitous events are wholly attributable to the necessary and inevitable dangers of the sea. The merchants, mariners, and shipbuilders of the United States are, it is true, unsurpassed in far-reaching enterprise, skill, intelligence, and courage by any others in the world.
Triple-screw propellers have since then been introduced in some of the greater ships, and the record speed has been cut down to the four days and ten hours of the Lusitania in 1908 and the four days, six hours and forty-one minutes of the Mauretania in 1910. The Titanic was not built especially for speed, but in every other way she was the master product of the shipbuilders' art.
The assistants were "men of the best estates," says Randolph, while the deputies were "mostly an inferior sort of planters." Randolph was a prejudiced observer; but it is undoubtedly true that the upper chamber spoke for the shipbuilders and traders of Boston. Forty years earlier, when Laud was preparing to annul the charter, both magistrates and clergy made ready for forcible resistance.
It is sometimes argued that we have in fact merely made the paths of our competitors straight, and that by covering Argentina with a network of railways and so enormously increasing its power to grow things and so to buy things, we have been making an opportunity for German shipbuilders to send liners to the Plate and for German manufacturers to undersell ours with cheap hardware and cotton goods.
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