THE EXTENT OF OUR LOSSES.

_Individual losses_ may be estimated with reasonable accuracy. Ships

burnt or sunk with their cargoes may be counted, and their value

determined; but this leaves without recognition the vaster damage to

commerce driven from the ocean, and that other damage, immense and

infinite, caused by the prolongation of the war, all of which may be

called _national_ in contradistinction to _individual_.

Our _national losses_ have been frankly conceded by eminent Englishmen.

I have already quoted Mr. Cobden, who did not hesitate to call them

“cruel losses.” During the same debate in which he let drop this

testimony, he used other words, which show how justly he comprehended

the case. “_You have been_,” said he, “_carrying on hostilities from

these shores against the people of the United States_, and have been

inflicting an amount of damage on that country greater than would

be produced by many ordinary wars. It is estimated that the loss

sustained by the capture and burning of American vessels has been

about $15,000,000, or nearly £3,000,000 sterling. _But that is a small

part of the injury which has been inflicted on the American marine._

We have rendered the rest of her vast mercantile property for the

present valueless.”[74] Thus, by the testimony of Mr. Cobden, were

those individual losses which are alone recognized by the pending

treaty only “a small part of the injury inflicted.” After confessing

his fears with regard to “the heaping up of a _gigantic material

grievance_” such as was then accumulating, he adds, in memorable

words:--

“You have already done your worst towards the American

mercantile marine. What with the high rate of insurance,

what with these captures, and what with the rapid transfer

of tonnage to British capitalists, you have virtually made

valueless that vast property. Why, if you had gone and helped

the Confederates by bombarding all the accessible seaport towns

of America, a few lives might have been lost, which, as it is,

have not been sacrificed; but you could hardly have done more

injury in the way of destroying property than you have done by

these few cruisers.”[75]

With that clearness of vision which he possessed in such rare degree,

this statesman saw that England had “virtually made valueless a vast

property,” as much as if this power had “bombarded all the accessible

seaport towns of America.”

So strong and complete is this statement, that any further citation

seems superfluous; but I cannot forbear adducing a pointed remark in

the same debate, by that able gentleman, Mr. William E. Forster:--

“There could not,” said he, “be a stronger illustration of

the damage which had been done to the American trade by these

cruisers than the fact, that, so completely was the American

flag driven from the ocean, the Georgia, on her second cruise,

did not meet a single American vessel in six weeks, though she

saw no less than seventy vessels in a very few days.”[76]

This is most suggestive. So entirely was our commerce driven from the

ocean, that for six weeks not an American vessel was seen!

Another Englishman, in an elaborate pamphlet, bears similar testimony.

I refer to the pamphlet of Mr. Edge, published in London by Ridgway in

1863, and entitled “The Destruction of the American Carrying-Trade.”

After setting forth at length the destruction of our commerce by

British pirates, this writer thus foreshadows the damages:--

“Were we,” says he, “the sufferers, we should certainly

demand compensation for the loss of the property captured or

destroyed, for the interest of the capital invested in the

vessels and their cargoes, and, maybe, a fair compensation

in addition for all and any injury accruing to our business

interests from the depredations upon our shipping. _The

remuneration may reach a high figure in the present case; but

it would be a simple act of justice_, and might prevent an

incomparably greater loss in the future.”[77]

Here we have the damages assessed by an Englishman, who, while

contemplating remuneration at a high figure, recognizes it as “a simple

act of justice.”

Such is the candid and explicit testimony of Englishmen, pointing the

way to the proper rule of damages. How to authenticate the extent of

national loss with reasonable certainty is not without difficulty; but

it cannot be doubted that such a loss occurred. It is folly to question

it. The loss may be seen in various circumstances: as, in the rise of

insurance on all American vessels; the fate of the carrying-trade,

which was one of the great resources of our country; the diminution

of our tonnage, with the corresponding increase of British tonnage;

the falling off in our exports and imports, with due allowance for

our abnormal currency and the diversion of war. These are some of the

elements; and here again we have British testimony. Mr. W. E. Forster,

in the speech already quoted, announces that “the carrying-trade of

the United States was transferred to British merchants”;[78] and Mr.

Cobden, with his characteristic mastery of details, shows, that,

according to an official document laid on the table of Parliament,

American shipping had been transferred to English capitalists as

follows: in 1858, 33 vessels, 12,684 tons; 1859, 49 vessels, 21,308

tons; 1860, 41 vessels, 13,638 tons; 1861, 126 vessels, 71,673 tons;

1862, 135 vessels, 64,578 tons; and 1863, 348 vessels, 252,579 tons;

and he adds, “I am told that this operation is now going on as fast

as ever”; and this circumstance he declares to be “the _most serious

aspect_ of the question of our relations with America.”[79] But this

“most serious aspect” is left untouched by the pending treaty.

Our own official documents are in harmony with these English

authorities. For instance, I have before me now the Report of the

Secretary of the Treasury for 1868, with an appendix by Mr. Nimmo, on

shipbuilding in our country. From this Report it appears that in the

New England States, during the year 1855, the most prosperous year

of American shipbuilding, 305 ships and barks and 173 schooners were

built, with an aggregate tonnage of 326,429 tons, while during the last

year only 58 ships and barks and 213 schooners were built, with an

aggregate tonnage of 98,697 tons.[80] I add a further statement from

the same Report:--

“During the ten years from 1852 to 1862 the aggregate tonnage

of American vessels entered at seaports of the United States

from foreign countries was 30,225,475 tons, and the aggregate

tonnage of foreign vessels entered was 14,699,192 tons, while

during the five years from 1863 to 1868 the aggregate tonnage

of American vessels entered was 9,299,877 tons, and the

aggregate tonnage of foreign vessels entered was 14,116,427

tons,--showing that American tonnage in our foreign trade

had fallen from two hundred and five to sixty-six per cent.

of foreign tonnage in the same trade. Stated in other terms,

during the decade from 1852 to 1862 sixty-seven per cent.

of the total tonnage entered from foreign countries was in

American vessels, and during the five years from 1863 to 1868

only thirty-nine per cent. of the aggregate tonnage entered

from foreign countries was in American vessels,--a relative

falling off of nearly one half.”[81]

It is not easy to say how much of this change, which has become

chronic, may be referred to British pirates; but it cannot be doubted

that they contributed largely to produce it. They began the influences

under which this change has continued.

There is another document which bears directly upon the present

question. I refer to the interesting Report of Mr. Morse, our consul at

London, made during the last year, and published by the Secretary of

State. After a minute inquiry, the Report shows that on the breaking

out of the Rebellion in 1861 the entire tonnage of the United States,

coasting and registered, was 5,539,813 tons, of which 2,642,628 tons

were registered and employed in foreign trade, and that at the close of

the Rebellion in 1865, notwithstanding an increase in coasting tonnage,

our registered tonnage had fallen to 1,602,528 tons, being a loss

during the four years of more than a million tons, amounting to about

forty per cent. of our foreign commerce. During the same four years

the total tonnage of the British empire rose from 5,895,369 tons to

7,322,604 tons, the increase being especially in the foreign trade. The

Report proceeds to say that as to the cause of the decrease in America

and the corresponding increase in the British empire “there can be no

room for question or doubt.” Here is the precise testimony from one

who at his official post in London watched this unprecedented drama,

with the outstretched ocean as a theatre, and British pirates as the

performers:--

“Conceding to the Rebels the belligerent rights of the sea,

when they had not a solitary war-ship afloat, in dock, or in

the process of construction, and when they had no power to

protect or dispose of prizes, made their sea-rovers, when

they appeared, the instruments of terror and destruction to

our commerce. From the appearance of the first corsair in

pursuit of their ships, American merchants had to pay not only

the marine, but the war risk also, on their ships. After the

burning of one or two ships with their neutral cargoes, the

ship-owner had to pay the war risk on the cargo his ship had

on freight, as well as on the ship. Even then, for safety, the

preference was, as a matter of course, always given to neutral

vessels, and American ships could rarely find employment on

these hard terms as long as there were good neutral ships in

the freight markets. Under such circumstances there was no

course left for our merchant ship-owners but to take such

profitless business as was occasionally offered them, let their

ships lie idle at their moorings or in dock with large expense

and deterioration constantly going on, to sell them outright

when they could do so without ruinous sacrifice, or put them

under foreign flags for protection.”[82]

Beyond the actual loss in the national tonnage, there was a further

loss in the arrest of our natural increase in this branch of industry,

which an intelligent statistician puts at five per cent. annually,

making in 1866 a total loss on this account of 1,384,953 tons,

which must be added to 1,229,035 tons actually lost.[83] The same

statistician, after estimating the value of a ton at forty dollars

gold, and making allowance for old and new ships, puts the sum-total of

national loss on this account at $110,000,000. Of course this is only

an item in our bill.

To these authorities I add that of the National Board of Trade, which,

in a recent report on American Shipping, after setting forth the

diminution of our sailing tonnage, says that it is nearly all to be

traced to the war on the ocean; and the result is summed up in the

words, that, “while the tonnage of the nation was rapidly disappearing

_by the ravages of the Rebel cruisers_ and by sales abroad, in

addition to the usual loss by the perils of the sea, there was no

construction of new vessels going forward to counteract the decline

even in part.”[84] Such is the various testimony, all tending to one

conclusion.

This is what I have to say for the present on _national losses_ through

the destruction of commerce. These are large enough; but there is

another chapter, where they are larger far: I refer, of course, to the

national losses caused by the prolongation of the war, and traceable

directly to England. Pardon me, if I confess the regret with which

I touch this prodigious item; for I know well the depth of feeling

which it is calculated to stir. But I cannot hesitate. It belongs to

the case. No candid person, who studies this eventful period, can

doubt that the Rebellion was originally encouraged by hope of support

from England,--that it was strengthened at once by the concession

of belligerent rights on the ocean,--that it was fed to the end by

British supplies,--that it was encouraged by every well-stored British

ship that was able to defy our blockade,--that it was quickened into

frantic life with every report from the British pirates, flaming

anew with every burning ship; nor can it be doubted that without

British intervention the Rebellion would have soon succumbed under

the well-directed efforts of the National Government. Not weeks or

months, but years, were added in this way to our war, so full of costly

sacrifice. The subsidies which in other times England contributed to

Continental wars were less effective than the aid and comfort which

she contributed to the Rebellion. It cannot be said too often that the

_naval base_ of the Rebellion was not in America, but in England. The

blockade-runners and the pirate ships were all English. England was the

fruitful parent, and these were the “hell-hounds,” pictured by Milton

in his description of Sin, which, “when they list, would creep into her

womb and kennel there.” Mr. Cobden boldly said in the House of Commons

that England made war from her shores on the United States, with “an

amount of damage to that country greater than would be produced by many

ordinary wars.”[85] According to this testimony, the conduct of England

was war; but it must not be forgotten that this war was carried on at

our sole cost. The United States paid for a war waged by England upon

the National Unity.

There was one form that this war assumed which was incessant, most

vexatious, and costly, besides being in itself a positive alliance with

the Rebellion. It was that of blockade-runners, openly equipped and

supplied by England under the shelter of that baleful Proclamation.

Constantly leaving English ports, they stole across the ocean, and

then broke the blockade. These active agents of the Rebellion could be

counteracted only by a network of vessels stretching along the coast,

at great cost to the country. Here is another distinct item, the amount

of which may be determined at the Navy Department.

The sacrifice of precious life is beyond human compensation; but there

may be an approximate estimate of the national loss in treasure.

Everybody can make the calculation. I content myself with calling

attention to the elements which enter into it. Besides the blockade,

there was the prolongation of the war. The Rebellion was suppressed

at a cost of more than four thousand million dollars, a considerable

portion of which has been already paid, leaving twenty-five hundred

millions as a national debt to burden the people. If, through British

intervention, the war was doubled in duration, or in any way extended,

as cannot be doubted, then is England justly responsible for the

additional expenditure to which our country was doomed; and whatever

may be the final settlement of these great accounts, such must be the

judgment in any chancery which consults the simple equity of the case.

This plain statement, without one word of exaggeration or aggravation,

is enough to exhibit the magnitude of the national losses, whether

from the destruction of our commerce, the prolongation of the war, or

the expense of the blockade. They stand before us mountain-high, with

a base broad as the Nation, and a mass stupendous as the Rebellion

itself. It will be for a wise statesmanship to determine how this

fearful accumulation, like Ossa upon Pelion, shall be removed out of

sight, so that it shall no longer overshadow the two countries.

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