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Various

"The Atlantic Monthly, Volume 07, No. 44, June, 1861 Creator"

'"
The early reports under Adams give the estimated cost of a ship of the
line as $400,000; and the first frigates actually cost as follows:--
Constellation $314,212
Constitution 302,718
United States 299,336
President 220,910
Chesapeake 220,679
Congress 197,246
Essex, with armament and stores 139,202
In 1799 the estimates for the navy were raised to four millions and
a half, and large appropriations were continued in 1800. Under these
appropriations several navy-yards were established, and frames of
live-oak and cedar were furnished for eight ships of the line. The
energy of the Administration produced corresponding effects, convoys
were provided for our merchantmen, insurance fell from twenty to ten per
cent., and France, impressed by our spirit and armament, retired from
the contest.
At the close of 1800 the navy had made great progress; and the Secretary
of the Navy, Hon. Benjamin Stoddard of Baltimore, proposed in 1801 an
annual appropriation of one million for its increase.


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