FREE BOOKS

Author's List




PREV.   NEXT  
|<   245   246   247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269  
270   271   272   273   274   275   276   277   278   279   280   281   282   283   284   285   286   287   288   289   290   291   292   293   294   >>   >|  
iod may be reckoned as generally three months, while by watchful administration it might at times be protracted to six. It is desirable to explain here what was, and is, the particular specific utility of operations directed toward the destruction of an enemy's commerce; what its bearing upon the issues of war; and how, also, it affects the relative interests of antagonists, unequally paired in the matter of sea power. Without attempting to determine precisely the relative importance of internal and external commerce, which varies with each country, and admitting that the length of transportation entails a distinct element of increased cost upon the articles transported, it is nevertheless safe to say that, to nations having free access to the sea, the export and import trade is a very large factor in national prosperity and comfort. At the very least, it increases by so much the aggregate of commercial transactions, while the ease and copiousness of water carriage go far to compensate for the increase of distance. Furthermore, the public revenue of maritime states is largely derived from duties on imports. Hence arises, therefore, a large source of wealth, of money; and money--ready money or substantial credit--is proverbially the sinews of war, as the War of 1812 was amply to demonstrate. Inconvertible assets, as business men know, are a very inefficacious form of wealth in tight times; and war is always a tight time for a country, a time in which its positive wealth, in the shape of every kind of produce, is of little use, unless by freedom of exchange it can be converted into cash for governmental expenses. To this sea-commerce greatly contributes, and the extreme embarrassment under which the United States as a nation labored in 1814 was mainly due to commercial exclusion from the sea. To attack the commerce of the enemy is therefore to cripple him, in the measure of success achieved, in the particular factor which is vital to the maintenance of war. Moreover, in the complicated conditions of mercantile activity no one branch can be seriously injured without involving others. This may be called the financial and political effect of "commerce destroying," as the modern phrase runs. In military effect, it is strictly analogous to the impairing of an enemy's communications, of the line of supplies connecting an army with its base of operations, upon the maintenance of which the life of the army depends. Money, cr
PREV.   NEXT  
|<   245   246   247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269  
270   271   272   273   274   275   276   277   278   279   280   281   282   283   284   285   286   287   288   289   290   291   292   293   294   >>   >|  



Top keywords:

commerce

 

wealth

 

country

 

commercial

 

maintenance

 

factor

 

relative

 

effect

 

operations

 

freedom


proverbially

 

extreme

 
embarrassment
 

contributes

 

exchange

 
greatly
 

governmental

 

expenses

 

credit

 
converted

inefficacious

 

assets

 

business

 

demonstrate

 
produce
 

Inconvertible

 

sinews

 
positive
 

modern

 

destroying


phrase

 

political

 
financial
 

involving

 

called

 

military

 

strictly

 
depends
 
connecting
 

supplies


analogous

 

impairing

 

communications

 

injured

 

attack

 

exclusion

 

cripple

 
measure
 

States

 

nation