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E have already seen how, about the year 1855, the extreme clippers were succeeded in the United States by a class of vessels known as medium clippers. These vessels were not so sharp and did not carry as heavy spars or so much canvas as the old clippers, but they could carry more cargo and could be handled with fewer men. This made them more profitable when the demand for speed and the rates of freight had declined, and the extreme clippers were unable to command any higher rate than the medium clippers. After the Civil War ship-building for the oversea carrying trade steadily declined, though it was not until 1893 that the last American wooden sailing ship, the Aryan, was launched. During these thirty-eight years a good many ships were built, and by degrees a new type of vessel, designed to carry large cargoes at moderate speed, was developed, which enterprising agents advertised as clippers; but those who had known the real clippers were not deceived. Many of the old names survived; thus there were a second Memnon, another Rainbow, Sea Witch, Oriental, Eclipse, Comet, Northern Light, Ringleader,