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Respectfully Quoted: A Dictionary of Quotations. 1989.

NUMBER: 1687
AUTHOR: Ulysses Simpson Grant (1822–85)
QUOTATION: It is a national humiliation that we are now compelled to pay from twenty to thirty million dollars annually (exclusive of passage money which we should share with vessels of other nations) to foreigners for doing the work which should be done by American vessels American built, American owned, and American manned. This is a direct drain upon the resources of the country of just so much money; equal to casting it into the sea, so far as this nation is concerned.
ATTRIBUTION: President ULYSSES S. GRANT, message to the Senate and House of Representatives, March 23, 1870, Congressional Globe, vol. 42, p. 2177.
SUBJECTS: Ships and shipping