A website from the Massachusetts Historical Society; founded 1791.
close

Browsing: Papers of John Adams, Volume 6


This 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.
Cite web page as: Founding Families: Digital Editions of the Papers of the Winthrops and the Adamses, ed.C. James Taylor. Boston: Massachusetts Historical Society, 2014.
http://www.masshist.org/apde2/