"In regard to shipyards, you know there is no such thing around New York any more, but I give you such rates as we are now paying. We are building three small iron steamers at present.
"In regard to rates of wages, compared with Wilmington and Chester, they are about 8 to 10 per cent. under us."
Rates of Wages in Shipyard.
| Carpenters | $2 50 @ $2 75 |
| Joiners | 2 50 @ 3 00 |
| Blacksmiths | 2 10 @ 2 75 |
| Platers | 2 25 @ 2 75 |
| Rivetters | 2 10 @ 2 50 |
| Angle iron-smiths | 2 00 @ 2 20 |
| Hammer-men | 2 00 @ 2 25 |
| Holders up | 1 60 @ 1 75 |
| Riggers | 2 00 @ 2 50 |
| Laborers | 1 40 @ 1 50 |
Engine and Boiler Works.
| Carpenters | $2 50 @ $2 75 |
| Joiners | 3 00 |
| Hammer men | 2 00 @ 2 25 |
| Smiters | 1 50 |
| Angle iron smiths | 2 00 @ 2 25 |
| Boiler platers | 2 25 @ 2 75 |
| Rivetters and caulkers | 2 10 @ 2 50 |
| Holders up | 1 60 @ 1 75 |
| Iron turners | 2 25 @ 2 75 |
| Iron finishers | 2 50 @ 3 00 |
| Engine fitters and erectors | 2 50 @ 3 00 |
| Planing machinists | 2 25 @ 2 75 |
| Shaping machinists | 2 25 @ 2 75 |
| Slotting machinists | 2 25 @ 2 75 |
| Pattern makers | 2 75 @ 3 25 |
| Engine drivers | 2 25 @ 2 75 |
| Laborers | 1 40 @ 1 50 |
Having quoted both these lists, their data will now be arranged in a tabular form, so that the difference in the cost of labor employed on the Clyde and on the Delaware will be at once apparent. For this purpose, the Scotch prices are reduced to American money, one pound sterling being represented by five dollars currency, and the hourly pay multiplied by ten, to make a day's work.
An average is made of the wages paid in New York, and 10 per cent., the largest allowance mentioned by the New York
firm, is deducted from the average prices paid by them, resulting in the rates upon the Delaware.