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MARINE REVIEW. | Pavion, V. CERVGEAND, OHIO THURSDAY "UNE 2) 1892: INO: 2223 Canada's Contribution to the List of Monitors. Canadian vessel owners have for some time past been dis- cussing plans of a freight vessel of the monitor type prepared by Engineer W. E. Redway of Toronto. Mr. Redway is con- nected with the John Doty Engine Works, operating an engine building plant in Toronto and also an iron shipyard. 'The announcement that Thomas Marks & Co. of Port Arthur and other Canadian capitalists are considering the question of enter- ing into a contract for a boat of the new type has added interest to the plans. As shown by the illustration presented with this article, for which we are indebted to Thomas Marks & Co., Mr. Redway's model is fashioned like an Indian canoe. 'The boat represented by the illustrution is 255 feet long, 38 feet beam and 20 feet hold (Welland canal size), and is intended to carry 2,000 tons on 14 feet draft. In appearance such acraft as that proposed by Mr. Redway would be an improvement on other vessels of the monitor,straightback and whaleback type,but the plans will undoubtedly meet with severe criticism on the score of cost in construction, disadvantage in location of machinery, etc. Vanderbilts hold the steamboat bonds amounting to about $1,200,000, bearing interest at 6 per cent., and secured by a * mortgage on the boats as well as a guarantee of business from the mine. M.A. Hanna & Co. will continue as sales agents for the mine and the management of the boats will remain as at present. 'The deal is understood to be satisfactory all around. Mr. George H. Kent, who has represented the Vanderbilt inter- ests, is now in Milwaukee arranging the details of the transfer with Mr. Schlesinger, but will probably sever his connection with the mining company within a few days. Lake Freight Matters. , Although there has been almost an entire suspension of grain shipments during the past week, the decline in iron ore freights has not been as marked as was expected. Rates are now quoted at 65 cents from Escanaba and $1.10 from Ashland with Marquette nominal at 95 cents. Vessel owners have been disposed to hold the market up through expectations of a re- newal of corn shipments out of Chicago and have succeeded un- oe ro ae SS A CANADIAN MONITOR. Mr, Schlesinger Again in Control of the Chapin. Ferdinand Schlesinger is again in control of the big Chapin mine with its line of steel steamboats and other important con- nections. His failure, something more than a year ago, to carry out a transportation deal, through which Mr. M. A. Hanna and others interested in the Globe Iron Works Company of Cleve- land had constructed the fleet of steel steamers known as the Menominee boats, and the subsequent purchase of the Chapin mine by Vanderbilt interests represented by the Twombly syn- dicate, was a matter of considerable importance in financial circles. The syndicate, with whom members of the firm of M. A. Hanna & Co. and the Globe Iron Works Company were, of course, largely interested, took up a controlling interest in the mine, placed the bonds upon which the fleet of boats were built and also arranged a sale to the Chicago & Northwestern rail- way of a branch railway and docks constructed by Mr. Schles- inger from the mine to Escanba. Since that time, Mr. Schlesin- ger has been working to regain control of the property and on Monday last succeeded in doing so. The parties now interested with Mr. Schlesinger are not known, but the new deal conveys all but the control of the railway, which the Vanderbilt interests sought particularly in the first purchase. The price at which a control of the mineis regained is thought to bethesameasthat at which the sale was made, reported at about $2,000,000. The der a very heavy movement of ore. Corn has not begun to move as yet, however, and the market is accordingly weak. With the rate on hard coal from Erie and Buffalo to Chicago ad- vanced to 60 cents, there isa strong feeling in coal freights. Rates on soft coal are, however, unchanged from the figures of three weeks past. To Refund License Fees. Among bills recently introduced in the House of Represen- tatives is a measure by Mr. O' Neil of Missouri, No. 8,900, for the relief of captains, mates and engineers of steam vessels; by Mr. O'Neil of Massachusetts, to amend section 8,481 of the re- vised statutes relating to life saving appliances on shipboard. The measure relating to captain, mates, etc., provides for a re- fund of license fees collected before such fees were discontinued by the government. Similar bills have failed of passage in the last two or three Congresses. 'The bill relating to life saving appliances gives to the board of supervising inspectors power to designate the number of life boats, rafts, etc., to be carried on all vessels, sail as well as steam, and provides that all passenger boats shall have life boats with suitable boat disengaging ap- paratus. In the Senate a few days ago Mr. Washburn introduced a bill to extend to Duluth the privilege of immediate transporta- tion of unappraised merchandise.