the lines of packets between New York and London, and between New York and Liverpool. He traded also with India and China, and was also owner of whalers which went to the South Seas. Like most others of the high-class merchants trading to foreign countries, he was neither concerned in the inland trade of the United States nor the coasting trade. Having furnished evidence as to the progress of American tonnage, he stated that the New York packets, which were universally acknowledged to be the best description of ships built in the United States, having all of them a portion of live oak in them, cost, exclusively of their cabins, about $70 per ton, equal to about 14l. 10s. per ton, sterling. In this estimate it must be remarked that the American tonnage differs from our own.[1]
Details about American ships. The American classification of ships also differs from that at Lloyd's. There the rating depends on the age, the material, its quality, together with the quantity of the fastenings, whether copper or iron, and the mode of workmanship. The oak used in New York comes principally from Virginia, the
- ↑ In the United States the old English measurement is still adhered to, and the poops of ships are not measured, which accounts for much of the difference observable in the measurement of British and American ships. For example, the Henry Clay, of 1207 tons American measurement, where the poop was not included, measured 1467 tons by the new English mode, on which light, dock, and other dues are charged. The ship Queen of the West, 1106 tons American, measured for light dues in Liverpool, 1270 tons English. The effect of this would be that the calculation of $70 per ton would be diminished in a corresponding ratio if taken in English tonnage, and with the poops included. The estimate of $70 per ton, that is, American measurement, applies to the cost of a ship with her spars and sails, rigging, and everything complete ready to receive a cargo, but without her sea stores.
