Page:Narrative of the Most Extraordinary and Distressing Shipwreck of the Whale-Ship Essex.djvu/33

, and hospitality of the island. This trade, if I may so call it, took its rise amongst the earliest settlers, and has gradually advanced to the extended, important, and lucrative state in which it now is, without any material interruption, and with very little competition until the present time. The late war temporally, but in a great degree, affected its prosperity by subjecting numerous fine vessels with their cargoes to capture and loss; but in its short continuance it was not sufficient to divert the energies of the capitalists embarked in it. At the conclusion of peace, those energies burst out afresh; and our sails now almost whiten the distant confines of the Pacific. The English have a few ships there; and the advantages which they possess over ours, it may be feared, will materially affect our success, by producing in time a much more extensive and powerful competition. They are enabled to realize a greater profit from the demand and price of oil in their markets; and the encouragement afforded by parliament, not only in