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310 profitably engaged in the India, China, African, and South American trades; the New Bedford and Nantucket whaling ships were to be found upon every sea; the Mississippi, Hudson River, and Long Island Sound steamboats were the most perfect types of this period for inland navigation; and the Massachusetts fishing schooners, the North River sloops, and the New York pilot-boats were far famed for speed and beauty; while the American clippers were now known and admired throughout the maritime world.

It was in this year also that the Royal Yacht Squadron presented a cup to be sailed for at Cowes by yachts belonging to the yacht clubs of all nations, which, as every one knows, was won by the America, representing the New York Yacht Club.

Surely De Tocqueville was right when he said: "Nations, as well as men, almost always betray the most prominent features of their future destiny in their earliest years. When I contemplate the ardor with which the Anglo-Americans prosecute commercial enterprise, the advantages which befriend them, and the success of their undertakings, I cannot refrain from believing that they will one