THE DEVELOPMENT OF THE STEAMSHIP. By COMMANDER F. E. CHADWICK, U. S. NAVY. (continued 2)

Having reached this stage our builders can now take large orders much more cheaply than a few years since, and which in 1887 they could not have taken at all had it been required to supply all parts from our own industrial establishments. This fact, taken with the dawn of a new era in our commercial relations, wherein the ship-owner will have a fair chance of carrying both ways, gives good prospect of an early rehabilitation of our ancient power upon the sea.