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J [er Se MARINE REVIEW. Booming a Canadian Steamboat Company. An effort is being made in Toronto to form a company for the establishment of a new line of passenger steamers on the Lake Ontario--St. Lawrence route, and the promoters are going about it in the regular English Style. A prospectus from Francis R. Boselly of 20 King street, east, Toronto, offering shares in the enterprise, announces that the company will be known as the International Navigation Company, Limited, to be incorporated under the provisions of the joint stock companies' letters patent act, Canada; capital $1,000,000, in 10,000 shares of $100 each. The following gentlemen have consented to act as provisional directors: Hon. George C. McKindsey, senator,'Toronto; Alex- ander Manning, esquire, Toronto; Col. E. Blos Parsons, director Northern Central Railroad, N. Y.; Cornelius Van Cotte, post- master, New York City; Chaales S. Upton, president Rochester Lamp Company, New York ; Solomon Sylvester, Sylvester Bros., wharfingers, Toronto; James T'. Mathews, vessel owner, Toronto; Warren Tobey, leather merchant, Collingwood; Alexander E. Wallace, manager Atlas LoanCompany, Toronto. 'The goliciters are Blake, Lash & Cassels of Toronto, and the Canadian Bank of Commerce is also mentioned in connection with the project. Options have been secured, it is claimed,on several comparatively new boats, and it is proposed to build two steamers specially suited to the service. The prospectus says: 'The history of well managed steam- boat companies has been almost universally a record or success. _ An almost identical enterprise is the Detroit & Cleveland Steam Navigation Company, which operates between the cities of De- troit and Cleveland, similarly situated as Toronto and Rochester. They have made since 1850 on an investment of $44,500, the enormous sum of $1,100,000, after paying large dividends. A single steamer from Charlotte has, by making hourly trips, car- ried 10,000 people at 25 centseach in a day. 'This same steamer on the Charlotte and Alexander Bay route earned according to statement of her master $62,000 net in three years. The fast 'time which will be made by these large new steamers, their steadiness in all weathers, the regularity and safety with which they will make their trips, can not fail to attract a large share of local business travel from Toronto, Hamilton, London and other Canadian cities. 'This line will undoubtedly be a dividend payer from the start. he promoters are to transfer to the company, when organized, all options and contracts on boats, and all con- tracts and arrangements with railways; they are to pay all ex- penses of organizing and floating the company, and in considera- tion thereof, they are to receive in paid up stock ro per cent. of the capital bona fide subscribed. No cash is to be paid to them, they being willing to show their confidence in the. enter- prise, by taking their remuneration in a way which would have given them nothing if it had not been successful. Stock sub- scriptions will be called as follows: Ten per cent. on subscrip- tion, ro per cent. on allotment and the balance as it may be called by the board of directors, according to the requirements of the company. 'This company will be conservatively, carefully and honestly managed; it will be a business man's line as well asa tourist's. The strong railroad connections already secured, with superior accomodation and attention to the wants of the travel- ling public, will surely produce large earnings." It seemsstrange torefer to W. K.Vanderbilt's Valient, recently launched at Birkenhead, near Liverpool, as a yacht, and yet the term is good as long as the vessel is to be used for pleasure pur- poses. 'This boat, which is to replace the sunken Alva, isa steel twin-screw steamer of 2,400 tons. The principal dimensions are: Length between perpendiculars, 310 feet ; beam, 39 feet; depth, 25 feet 6 inches. She will have two sets of triple expansion engines driving manganese bronze screws. 'The horse power to be developed will be 4,500, which will insure with moderate forced draft a speed of 17 knots, while under natural draft the vessel will steam 15 knots, \©> Another Type of Unsinkable Ship. Inventors of new types of vessels and marine appliances of all kinds are too often disposed to disregard the important item [ 'ga of first cost in their efforts to PF work out improvements on old structing passenger steamers, which is presented by Capt. Geo. Meacom of 278 Chestnut street, Chelsea, Mass., seems to involve this disadvantage toa remarkable degree, but the designs are nevertheless interesting. A corporation known as the Columbia Safety Steamship Com- -- pany of No. 7 Doane street, Boston, of which Capt. R. G. F. Candage of the Bureau Veritas ' is treasurer, has been formed for the purpose of developing Mr. Meacom's plans and con-"= structing steamships according to the same. The company affirms that the present method of bulkheading ships for safety, fore and aft and transverse throughout the body of the ship, does not accomplish the result hoped for, and to remedy the possi- _ bility of ships foundering at sea in the event of disaster, even though the whole interior of the ship was so full of water that it would be level fore and aft with the sea on the outside, is the pur- pose of the new design. Capt. Meacom's method consists in bulk- heading the wings of the ship off into scientifically arranged compartments fore and aft, with transverse bulkheads worked in at proper intervals, the whole in combination with a donble hull, a mathematically calculated space, the buoyant power of which, through the medium of hermetically sealed air tanks can float the ship, cargo, passengers, and all on board, under any and all circumstances. 'Throughout compartments are built, and between the double hulls regular decks are laid with appropriate flush hatchways, through which the air tanks 4x4x8 feet will be lowered to position, and from which they can be hoisted at any time for inspection, and if the owners should decide at any time to put the ship on as a general freighter, the tankscan be left on shore, thus leaving the compartments or holds for general cargo room. Without the air tanks in the compartments, the ship is no safer or better than ships extant, and would go to the bottom just as quickly. 'The plans shown herewith representa - vessel similar to the United States steamer Maine, a ship of about 8,000 tons register. Stocks of Grain at Lake Ports. The following table, prepared from reports of the Chicago _ board of trade, shows the stocks of wheat and corn in store at - the principal points of accumulation on the lakes on May 27, 1893: Wheat, bu. Corn, bu. C@hiCae Ost.) oe tenons oaeeeaene 20,4'5 7,000 1,280,000 TO tit ies ele eats eee cake aie sili etteter Ty Lp FASjOOO- nei eepneiame ed Malwaik@e sts. see ee eects 1,400,000 9,000 Detroit. oes. jana eee ice 1,325,000 | nigh fororo ps POled oi Hee see ee see 2,516,000 150,000 Butalod. tei s. eeawabeedsake 4,624,000 493,000 Potalieitn sync dcmecea-ke 42,064,000 1,945,000 At the puints named there is a net increase for the week of 431,0co bushels of wheat anda decrease of 331,000 bushels of corn. Additional copies of the lithograph supplement of one of the new Northern line passenger ships which appeared in a recent issue of REVIEW will be sent to any address for 40 cents each. In mailing the picture a tube will be used to protect it from injury. methods. A system of con- © men-of-war and other vessels, |