No one, who is familiar with the bustle and activity of an American commercial town, would recognize, in the repose which now reigns in the ancient mart of Rhode Island, a place that, in its day, has been ranked amongst the most important ports along the whole line of our extended coast. It would seem, at the first glance, that nature had expressly fashioned the spot to anticipate the wants and to realize the wishes of the mariner. Enjoying the four great requisites of a safe and commodious haven, a placid basin, an outer harbour, and a convenient roadstead, with a clear offing, Newport appeared, to the eyes of our European ancestors, designed to shelter fleets and to nurse a race of hardy and expert seamen.