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 Rh of their cod and mackerel fisheries, and, in my poor opinion, there is nothing more prejudicial, and in prospect more dangerous, to any mother kingdom, than the increase in shipping in her colonies, plantations, and provinces."

The apprehension of the worthy Sir Josiah was well founded, for at that period most of the spars and much of the timber which went into the construction of the East Indiamen and the fighting ships of his royal master, King Charles II., had grown in American soil, and of 1332 vessels registered as built in New England between 1674 and 1714, no less than 289 were built for or sold to merchants abroad. Not that they were better than foreign built vessels, but on account of the plentiful supply of timber they could be built more cheaply in America than in Great Britain and on the Continent.

The industry was in a promising and healthy condition, and so continued, until in 1720 the London shipwrights informed the Lords of Trade that the New England shipyards had drawn away so many men "that there were not enough left to carry on the work." They therefore prayed that colonial built ships be excluded from all trade except with Great Britain and her colonies, and that the colonists be forbidden to build ships above a certain size. The Lords of Trade, though fine crusty old protectionists, were unable to see their way to granting any such prayer as this, and so ship-building continued to flourish in America. In the year 1769, the colonists along the whole Atlantic coast launched 389 vessels, of which 113 were