Boston crieth aloud. ‘advances on marine insurance.—In consequence of the destruction caused at sea by the privateer steamer Alabama, the officers of the insurance companies of Boston have fixed the present war rates on different voyages as follows:—To the north of Europe, 4@5 per cent.; Mediterranean, 5@6; India, 4 1/2; Gulf ports, 4; California gold steamers, 4; West India risks, 5; coastwise, 1/2@1 1/2. These rates are liable to be altered according to the necessary requirements of the times, consequent upon the unusual hazards to which commerce is now exposed.’ New York responds to the cry of Boston. ‘The damaging effect of the Alabama's raid on our shipping upon the maritime interests of this port were as conspicuous to-day as yesterday. It was next to impossible for the owner of an American ship to procure freight unless he consented to make a bogus sale of his ship.’ ‘Freights to Great Britain are rather more active, under favorable foreign advices for breadstuffs, but rates by American vessels depressed; foreign bottoms most in favor, but even these now find it difficult to employ themselves profitably. To Liverpool, flour is 9d@2s.’I heard again from the New York Chamber of Commerce, by the Cooke. My friend, Low, was still lamenting over his lost ships. Like Rachael weeping for her children he refused to be comforted because they were not. Another grand
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whose burning ship was lighting up the shores of St. Domingo!
That Puritan, only a generation before, had entered into a solemn league and covenant, to restore to the Southern man his fugitive slave, if he should escape into his territory.
This was the way in which he was keeping his plighted faith!
Does any one wonder that the Alabama burned New England ships?
We began now to receive some ‘returns’ of the effect of our late captures upon Northern commerce.
The papers captured on board the Cooke were full of lamentations.
Our pious brethren did not confine themselves to the forms set down by Jeremiah, however, but hissed their execrations through teeth grinding with rage.
I will not treat my readers to any of these specimens of the art Philippic, but will confine myself to a few business excerpts instead, taken indiscriminately from the New York and Boston papers.
Baltimore, MD. Kelly Piet & Co. 1868.
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