Q, and his friends are cozy old-fashioned merchants in Boston city,
who own one hundred and seventy-nine vessels (see Consular Reports,
1865), which trade between foreign ports and away from the United
States altogether. These vessels have an aggregate burden of one
million tons, are worth forty dollars, gold, per ton, and earn a net
profit per annum of ten per cent. on their cost. Although in this kind
of carrying trade we are wofully behind other nations, yet it yields,
in twelve years (the average age of the vessels engaged in it), the
neat little profit of $48,000,000, which is invested by Q in tea,
coffee, and sugar, and imported into the United States at a net profit
of ten per cent. Although an unquestionable gain to Q and the country
at large of $52,800,000, Mr. Greeley, with his contracted views, only
regards it as a dead loss on the import side of our Commerce and
Navigation Returns.
R, was a bank which had a defaulting cashier, who ran away in 1857
with $500,000 of its funds. (Sch*yl*r carried off a million of New
Haven Railroad bonds).
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