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To: DiogenesLamp
The southern states initially supported it, but came to regret it because it effectively handed a monopoly to northern shipping interests.

If there was no interest in establishing a ship-building industry or creating costal packet lines in the south to begin with then why would they complain if the North filled the gap?

544 posted on 08/11/2021 8:36:08 AM PDT by DoodleDawg
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To: DoodleDawg
Northern shipping companies had the mail carrying contract. This gave them a bottom line of profitability that could not be matched by any other company which did not have such contracts.
555 posted on 08/11/2021 10:55:04 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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