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The National Intelligencer And Washington Advertiser
Washington, District Of Columbia
What is this article about?
Letter from New Providence (May 6, 1801) estimates 300 American vessels seized there in 1800, leading to approx. 2.2 million dollar net loss from condemnations, expenses, and values.
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"I have to no purpose used every exertion to procure a list of American vessels brought in here from the beginning to the close of the year 1800. I at length got one, but very incorrect.
"However, I was able to ascertain that within that twelve months 300 vessels have been carried into New Providence. Now, if one half of those have been condemned, which is a very low calculation, the other half which I allow to have been acquitted, cost each 500 dollars, 450,000
The other half, if they only were worth 15,000 dollars per vessel, amount to 2,250,000
Dolls. 2,700,000
Deduct of this sum the real contraband cargoes, or those included which were not appealed for, 500,000
The sum then stands, Dolls. 2,200,000
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Where did it happen?
Foreign News Details
Primary Location
New Providence
Event Date
Beginning To The Close Of The Year 1800
Outcome
net financial loss to americans estimated at 2,200,000 dollars after deductions
Event Details
A letter from a US citizen in New Providence reports that 300 American vessels were carried into the port during 1800. Assuming half were condemned and half acquitted, the acquitted vessels cost 450,000 dollars in expenses. The condemned vessels, valued at 15,000 dollars each, amount to 2,250,000 dollars. Total value 2,700,000 dollars, minus 500,000 dollars for contraband, resulting in 2,200,000 dollars loss.