Читать книгу Champions of the Fleet. Captains and men-of-war and days that helped to make the empire онлайн

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The effect on the oversea commerce of the country, penalized by excessive insurance rates, was calamitous. From 25 to 30 per cent premium was paid at Lloyds on cargoes from Bristol, Liverpool, and Glasgow to New York (still in British hands); and 20 per cent to the West Indies. As to the reality of the risk. On one occasion the enemy captured an Indiaman fleet bodily off Madeira, only eight vessels out of sixty-three escaping, with a loss to Great Britain of a million and a half sterling, including £300,000 in specie. We have, indeed, at this moment a daily reminder of the disaster. One of the unfortunate underwriters was a Mr. John Walter. His whole fortune swept away, he took to journalism, and the Times newspaper was the result. Home waters were hardly more secure. Rather than pay the excessive extra premium demanded for the voyage up Channel, London merchants had their goods unladen at Bristol, and carried in light flat-bottomed craft called “runners,” built specially for the traffic, up the Severn to Gloucester, thence to be carted across to Lechlade for conveyance to their destination by barge down the Thames. At the same time the North Sea packets from Edinburgh (Grangemouth) to London refused all passengers who would not undertake to assist in the defence of the vessel in emergency. Printed notices were pasted up at the wharves announcing that no Quakers would be carried.