The Alexandria gazette. [volume] (Alexandria [Va.]) 1822-1822, 1822-05-14
THE GAZETTE.
TUESDAY, MAY IA. 1922.
~ Many articles, together ,vith some Comm
nicataons are omitted for tvant of room. "0
"IHE GRAND NAVAL EXpEPt
MENT.o


"IHE GRAND NAVAL EXPERT
MENT."
1t will not, it is presumed, be considered,
trusive, or derogating from the credit dus ;.
Commodore Rodgers invention, to state r.,
the plan of hauling up vessels on an iueE,.
Plane, for the purpose of coppering, Sheath
ing, caulking; &c.-although new in the y
States, is in full operation, atpresent, on III.
river CLYDE, in Scotland.
The inventor, an inhabitant of Glasgow. h..
obtained patent from the British governuen,
and has formed a company to carry through
his invention. A canal, or slip, has been On,
on the margin of the Clyde, about halfa mil.
below Glasgow, where the writer of this art
Gle saw the plan carried into effect, in Febrp,,
last.
The svays are formed of cast iron, with stem,
ifthe expression may be used, at regular and
short distances, to arrest and retain the ves.s,
after their gradual elevation by the force oftA.
powerful windlass by which they are hauled
up.
There is also an "inckined Plane" upoo /.
larger scale at Dum6art0n, on the Clude. fr
vessels of greater burthen. The plan has not
been yet attempted with vessels ola frigate ton.
mage; but the principle being known, it is Of
course capable offurther extension
Its calculated that the expense of copperinc
and repairing vessels, by this mode, will be d.
minished at least, one half.
The master ola New York Brig examined.
with the writer, the principle of this invention,
then just commencing, near Glasgow, in Sept
last; he was much struck with it, and said DO
should explain it on his return to New-York.
The same invention may have taken place
cotemporaneously in both hemisphere and
it IS only to prevent a controversy for the mst
OF it, that this article is written. And as this
writer, when in London, in 1912, saw card
from the Earl of Stanhope, to the then
American Consul, claiming for his conntr,
the invention of the application Of steam to vs.
sells, and denying it to Fulton; the like claim
may be set up by the inventor of the "Iac.inS
Plane in Europe, when Commodore Rodgers
may have an equal merit. A.
Alex. 18th May, 1922.
Sales of United States Bank Stock were
made at New York on the 9Th ms, at as
high .ate as lO64-bul on "Wednesday
morning the price retired down to lO4.
We note the prices occasionally for the in.
formation of our interior readers. Some Of
our editorial brethren, we find, understood
US as predicting, about week ago. as q
matter that would certainly happen, tba!
the stock would be at 10 in a month. and
in TWO months at 100. As we do not wish
10 be considered as prophets. particularly
in what relates to money, we beg leave 10
say, that we inferred what could be, only
from what has been. A month ago, the
stock was at lis. There can be no doubt
when the purchasers from other quarters
come into the New York market, The stock
will rise nearly as high as it was betoreth
late panic-ssy to Ito. If the next dVl'
dend of the Bank is such as to authorize
belief it will be able TO make dividend;
hereafter at the rate of six per centum per
annum. which dividend we have supposed
will be made, there is no doubt thai the
stock will rise to 1876. Ii was from these
premises that we drew our CONF ctures;e
a short time will shew whether or mol they
will be realized. The Stock got from 70
10 lO6 in one week, which shews we wers
right at least SO far, a. that the depression
OF the stock was the effect of EomentaTy
causes; among which. we now understand
was the inability OF the New York Branch
of the Bank of the United States to Contln'
ne loans made to stockholders in that CITY
1t is said, too, that observations and pro-
positions made in Congress had the efsc
to depress the Stock. This is the most eX'
traordinary of all the causes of its depTe''
sion. For, whatever may have been
thrown cut by one or two persons on lns
floor of Cong ress to the contrary, it IS eeI.
tain that nothing like hostiiIy TO the pan.
was shewn by any measure ofeither House
of Congress. There never has been anu.
ment, since its establishment, in which 80
little jealousy of that Institution has been
shown in Congress, as during the last sew
sion. Nat. bs
Charleston. May
FROM HAVANA.
Ru Tho crbr Tana cant M'H illiau1, I'D