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Browsing: Papers of John Adams, Volume 6

This foot note contained in document ADMS-06-06-02-0012
7. For a vessel and its cargo valued at £2,000 insurance at 50 percent would cost £1,000, and the freight would cost another £1,000, making the total cost to the owners £4,000. Thus, on a voyage to and from America, assuming that the value of the cargo and vessel remained the same on the return voyage, the total capital expenditure would be £8,000. A 400 percent return on the original investment of £2,000 would, therefore, no more than pay expenses.