So out of that 40%, which shows the South was making most of the profits by the way, how much would you deduct for the cost of:
Shipping
Warehousing
Insurance
Losses not covered by insurance
Sales commissions for brokers contracting with foreign buyers
Interests to pay investors
All of which would have to be paid by Southern interests instead of Northern ones if New York were cut out of the deal.
Shipping Warehousing Insurance Losses not covered by insurance Sales commissions for brokers contracting with foreign buyers Interests to pay investors
All of which would have to be paid by Southern interests instead of Northern ones if New York were cut out of the deal.
I suspect it is not worth my trouble to enlighten you on any of this, because I have noticed a pattern with you. No matter what I show you, if you can't rebut it, you just dismiss or ignore it, but for kicks and grins, let's look at some of your items.
"Shipping."
You keep telling me that the navigation act of 1817 had no detrimental effect on the South, and I keep telling you it was very significant. It effectively forced the South to hire only New York shippers to handle their cargoes. The South could have hired foreign ships and crews at much cheaper prices, but the Navigation act of 1817 made it ruinously expensive to do so, plus the use of Foreign Ships and crews to carry traffic between US ports was strictly forbidden, and would have caused the entire cargo to be seized if it was discovered.
The North Eastern shipping companies priced their services at just below what it would cost for the South to hire foreign ships or crews, after paying all the fines. The South would have seen an immediate reduction in shipping costs by getting out from under the Navigation act of 1817.
Warehousing
Insurance
Losses not covered by insurance
All of these things the South could have done for itself, and would have with independence. Warehousing was already being built in Charleston after the secession. Newspaper accounts of the period indicate a massive building boom had started at the time, especially in the area of Warehousing.
The business men in the North that handled this sort of business were looking at the South with grave concern about the future of their businesses. They saw Southern independence as a grave financial threat to themselves.