NAVIGATION ON THE YANGTSE
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cities, which together constitute Wuhan, as 8,000,000—almost certainly a great exaggeration.3 Lord Elgin, some fifteen years later during the Taiping Rebellion, thought it to be about 1,000,000, and that it would have been about 2,000,000 before the rebellion. It must, therefore, have been a more important city than either Canton or Shanghai at that time. Like those cities, it was the centre of a network of waterways which connected it with a great area of the surrounding country. In the first few years after the opening of the river Hankow resembled a boom town in the American West. Fortunes were made and lost in a few months, and passages from Shanghai were at a premium, up to £100 being paid for the trip. This initial boom was followed by the inevitable collapse, in this case intensified by the depression in the cotton market when the American Civil War came to an end, and a fall in tea prices which came at the same time.
Trade on the river had been damned up for years by the Taipings, so that a boom following the opening of the river was only natural. By 1862 there were twenty steamers running regularly on the river, and there was such a demand for steamers that, as one writer described it, “everything which could burn coal was employed at high freights". The freight on light goods from Shanghai to Hankow was as high as £6 per ton for a voyage lasting only three or four days. The first European ships on the river were small schooners, shallow draft paddle steamers, and lorchas.* The pioneer river steamer, as distinguished from warships and ocean-going steamers, was the American Firedart, which had been designed originally for the Canton River. She was soon followed by others specially designed for the Yangtse, and within a short time after the opening of the river, there were regular services between Shanghai and Hankow,
The early years of foreign trade on the Yangtse coincided with the last years of near American supremacy in shipping and shipbuilding, and the first British steamers to run on the river were built in America. Although the majority of foreign trading firms in the treaty ports at that time were British, the Americans were very serious competitors in the field of shipping. The
* According to recent census figures the population of Wuhan is now 2,200,000.
• A sailing ship with a European hull but Chinese type of rig.