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Medford Historical Society Papers, Volume 25., Old ships and ship-building days of Medford. (search)
ls, owned and navigated by British subjects. Another order required that in trading with Great Britain, American vessels were only allowed to bring in articles produced in those states of which their owners were citizens. In speaking of this, Fiske says, These things worked injury to ship building; to the exports of lumber and oil and salted fish, even to the manufacture of Medford rum.Fiske. Critical period of American history. Finally a scheme for a trade with China was worked out by BFiske. Critical period of American history. Finally a scheme for a trade with China was worked out by Boston merchants. This was the sending of vessels to the northwest coast and trading with the Indians for the skins of sea otter, which brought a high price in China for use by the mandarins, and bringing back home or to Europe cargoes of silks, china ware, tea and other eastern goods. This trade proved immensely profitable. They set out with a cargo composed of chisels made of scraps of iron fitted into rough wooden handles, pieces of copper in squares and brilliant cloths. The total valu