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Chapter XVIII: Future Condition Of Three Races—Part X
It is difficult to say for what reason the Americans can trade at a lower rate than other nations; and one is at first led to attribute this circumstance to the physical or natural advantages which are within their reach; but this supposition is erroneous. The American vessels cost almost as much to build as our own; *j they are not better built, and they generally last for a shorter tim............
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