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Rh between which the American ship-owner and ship-builder at present find themselves ground with an ever-receding prospect of escape from this cunningly, devised dilemma. Meanwhile, the ensign of the United States no longer contributes in any marked degree to the gayety of foreign seaports; whereas, Great Britain, with inferior coal and iron ore, compelled to import the food and clothing material for her shipwrights from distant lands, and with certainly no keener intelligence nor greater energy among her ship-owners and builders, but guided by the enlightened policy of Free Trade, sends her endless procession of merchant ships, both sail and steam, to every seaport upon the globe.