430 COLONIAL AND TRANSA'I‘LANTIC

100 out, and as many home, per month, which could be conveyed with facility by two vessels, exclusive of freight on goods, deck or steerage passengers, &c.

“ Of the latter class, about 20,000 emigrate annual- ly to America; and, from the superior speed and . certainty, there can be no doubt of many of them preferring the steam navigation, even at an increased rate, as it will be made up to them in the saving of provisions, and earlier occupation when abroad; say that one-third of these adopt the steam line at L.5 per head, we have an addition of L.33,000 per annum.

“ The two vessels above mentioned, would each con— sume about 360 tons of coals per trip, which could be laid in at Valentia and Nova Scotia, at L. 1 per ton, or even less. The wages, and other charges on the voyage would be about an equal sum, making per voyage, L.14s40, and per annum, L.l 7,280; so that one-fifth of i the passengers abovementioned would be sufficient to cover the current expenses, independ- ent of letters, goods, and government employment.

“ If more vessels are laid on, to insure the regu- larity of the monthly departure, which may hereafter be found necessary, the expense for coals, and work- ing the engine, will not thereby be increased in the above calculation; and the additional charge for the crew, would be L.100 per month, or L.1200 per annum.”

Nothing further has been since effected, and all the exertions of the intelligent and spirited directors have hitherto been unsuccessful; yet nothing but