"The cost per ton at EIGHTEEN MILES per hour will require to be twenty-three times the rate at EIGHT MILES.
"And at TWENTY MILES per hour there will be no displacement available for mercantile cargo.
"By applying the same process of calculation to a ship of 5,000 tons' mean displacement, making a passage of THREE THOUSAND MILES, we shall find that, at TEN MILES an hour, the cost of freight per ton will require to be double the rate of freight at EIGHT MILES.
"The cost per ton at TWELVE MILES will require to be three times the rate at EIGHT MILES.
"The cost per ton at FOURTEEN MILES will require to be six times the rate at EIGHT MILES.
"The cost per ton at SIXTEEN MILES will require to be twenty times the rate at EIGHT MILES.
"And at EIGHTEEN MILES per hour there will be no displacement available for mercantile cargo.
"Finally, by applying the same process of calculation to a ship of 5,000 tons' mean displacement on a passage of 6,000 miles, it will be found that the cost of freight per ton at TEN MILES per hour will require to be double the rate at EIGHT MILES.
"The cost per ton at TWELVE MILES per hour will require to be about five times the rate at EIGHT MILES.
"The cost per ton at FOURTEEN MILES per hour will be about sixteen times the rate at EIGHT MILES.