Identifier: cassiersmagazi2719041newy (find matches)
Title: Cassier's magazine
Year: 1891 (1890s)
Authors:
Subjects: Engineering
Publisher: New York Cassier Magazine Co.
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Smithsonian Libraries

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246 CASSIERS MAGAZINE
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THE BRITISH MERCANTILE MARINE 247 answer to the inquiry, but there areseveral grounds for believing that noserious change in the relative positionsof the principal competing countries islikely to occur for some time. Therehave been lately, no doubt, searchingsof heart in transatlantic circles, and sev-eral suggestions have been put forwardwith a view to promoting and encourag-ing shipbuilding on the American sea-board. Subsidies have been mentioned andstate recognition, to say nothing of anappeal to the national sentiment. Butthe last-named is not a very powerfulargument with a hard-headed peopleaccustomed to weigh business mattersin dollars. The other inducements areartificial and of doubtful ultimate ad-vantage. State subventions come, inthe end, from the pocket of the individ-ual, and he is not greatly disposed tofoster weak industries at his personalexpense, unless, of course, he can be convinced of some tangible advantageto be gained thereby. As a generalrule, indigenous trades g

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