[103]. “A few years ago a swift voyage from England to Calcutta, viâ the Cape of Good Hope, was from a hundred and ten to a hundred and twenty days. Now steamers by way of the Canal make the same voyage in about thirty days. Here, then, is a diminution of 75 per cent. on the enormous stocks of goods continually required to be held unused, involving continued risk of depreciation, loss of interest, cost of insurance, to meet the requirements of mere transit” (S. A. Wells’ “Practical Economics,” p. 236).
The Gresham Press,
UNWIN BROTHERS,
CHILWORTH AND LONDON.
St. Nicholas Magazine
FOR YOUNG FOLKS.
Edited by Mrs. Mary Mapes Dodge.