Word: embargos
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Benjamin. Silsbee was her captain at 19, with a crew of boys. The cargo cost $18,000. They sold it at the Isle of France (Mauritius), converted the profit to gold, and made about $54,000 in six months, because of the inflation of the currency during an embargo. They sent perhaps $25,000 to Salem (to pay for their ship and cargo), bought $30,000 worth of wine at the Cape of Good Hope, sold it at the Isle of France for about $90,000, and returned to Salem with still another cargo-a return of perhaps...
...like a rather ill-timed assertion of the superiority of the past. Yet Mr. Phillips' account of the Salem Federalists is enlightening. Jefferson in maritime New England was about as popular as Sherman became in Georgia. At the very height of Salem's prosperity, Jefferson's embargo (his "moral equivalent" of war against Britain) destroyed it. The Federalists, sympathizing with England rather than with Napoleonic France, had no confidence in Jefferson's motives or in his economics. A hundred vessels lay in the harbor, while the crews lived on charity, the shipyards grew idle, the ropemakers...
Salem believed that Jefferson had imposed the embargo because of his visionary theories, that he persisted in it from pride of opinion, and eventually, that he was determined to ruin New England. Ten years passed before Salem shipping recovered from the effects of the embargo. The old spirit of adventure never came back. Salem crumbled, like one of the ships in her harbor. "It fell to atoms," said Oliver Wendell Holmes, "but never ceded itself...
...against the program; by last week they had switched to 90% in favor. He noted an even more significant point: the average weight of butchered hogs had dropped from 276 lbs. to 248 lbs.* His next major target was the meat packers. One possibility: asking packers to slap an embargo on overstuffed hogs and cattle (for an estimated saving of 60 million bushels of grain a year...
Last week, "Steamboat" Johnson sounded again. The embargo would go on this week unless Canada, 1,750 cars above its quota, got into line. "We need those cars," said he, "and, damn it we're going to get 'em." That carried the teapot tempest right into the Dominion Cabinet. It dug through piles of memoranda, stacks of statistics, sadly concluded that Canada's railroaders had failed to keep their word mainly because they could not bring themselves to return the cars empty. Get going, said the Cabinet and hang the expense...