The cost of building iron vessels, the only ones that can compete with foreign ships in the carrying trade, is so much greater in the United States than in foreign countries that without some assistance from the Government they can not be successfully built here.
Ulysses S. Grant: “The cost of building iron vessels, the only ones that can compete with foreign ships in the carrying trade, is so much…”
Editor's note · Context
Grant highlights the challenges of building competitive iron vessels in the U.S. due to higher costs compared to foreign countries.
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