Ralph Delahaye Paine writes about the golden age of American shipping and the seafaring heritage of Salem, Massachusetts, which once served as the foremost center of maritime enterprise in the New World. The book poses the problem of how a small New England town managed to build a global trade empire despite merciless British trade restrictions, ferocious pirates, and the hazards of uncharted oceans. The narrative traces the evolution of Yankee seamanship from the seventeenth-century fishing ketches and early merchantmen to the privateers of the Revolution and the grand era of the East India trade. Main storylines encompass the struggles of early pioneers, the witchcraft delusions, the daring exploits of privateersmen such as Jonathan Haraden, and the dramatic voyages to distant lands like Japan, Sumatra, and the South Seas.
The author details the mechanism of this commercial success, driven not by government subsidies, but by native enterprise, brains, and a willingness to face desperate odds. Through concrete details from original log books, sea journals, and family records, Paine revives the forgotten generations of sea captains who sailed where no other American topsails had ever gleamed. The text covers the rise of trade under merchants like Philip English and Elias Hasket Derby, the bloody encounters with privateers, and the ultimate ebbing of the maritime tide with the advent of the steam age. The ending gently hints at the inevitable decline of the sailing vessel, leaving the port to rest in its quiet memories while preserving the finished story of a high-hearted period of American achievement.