Weekly Commercial News Volume 54-55

Weekly Commercial News Volume 54-55

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...water. On September 1, 1915, this vessel was sold at public auction to, San Francisco capitalists. The 'Walkure' was of the semi-whaleback type, 350 feet by 49 feet by 24 feet. The whaieback shoulder, or harbor deck, was employed in the salving of this vessel. In other words, a false hull. or cofferdam, was constructed from the harbor deck to the water's surfacc, then the water was pumped out of this structure, until it began to rise of itself, thus proving Archimedes' principle that an object floats only by displacing its weight of water. "The engineer who undertook this salvage job took into account the tide and weather conditions in Papeete harbor, which _were favorable to the scheme, The cofferdam 'extended 307 feet along the harbor deck, being 14 feet high forward and 32 feet high aft, with an additional V-shaped section to encompass the stern. This assured a displacement of about 6,700 tons of yater, which was more than enough to raise the ship and dam combined. Work was begun on November 8, 1915, and the ship was afloat on January 11, 1916. She has been renamed 'Republic' and is now under American registry. The submerged hull was purchased for $30,000, the salvage work and refitting cost $225,000. The first voyage of the ship netted her new owners $360,000, and later they sold her for $825,000." value_of the nilerchandise imported at this port during the month of May were compiled from data kept by the Custom House: CHARTERERS AND WAR RISKS An important point in connection with the insurance of vessels against war risks, has just been decided by the English Court of Appeals, in admitting an appeal by the Maskinonge SteamEND Co.. Ltd., against a judgment in favor of the Dominion Coal CO., ...show more

Product details

  • Paperback | 1054 pages
  • 189 x 246 x 53mm | 1,837g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236946782
  • 9781236946782