The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1853-01-14
The CaIoric ship,

The Coforic SNIP .
The ship Ericsson made second trial ex-
cursion on the Ith inst, the result of which,
promises another and as triumphant revolu-
ton in navigation, as that which followed
the successful application of steam as mo-
tive power The APPLICATION of this principle
to machinery is of course, as yet in its in
fancy, yet its success is considered complete,
and her speed astonishingy good, even
against strong head wind and tide.
Some of the advantages of the Caloric en-
CINE over steam are given By the Boston
Transcript, which says, that the quantity OF
fuel will be but about one-tenth that OF the
steam engine, hence our largest ships can
be nayigated for months, and even during
their longest voyages, without the incon-
vcnience or delay consequent upon taking
the immense amount of fuel required by the
steam engine. rhe practicability of apply
ing caloric power to machinery generally,
now propelled by steam, and to the thousand
other arts which its economy would suggest,
must be strikingly apparent to every one.
The cost of engines. it is estimated, VIII
not differ materially from that OF steam en-
gines, dispensing entirely with the use and
expense of boilers smokeppes doctors etc.
The number of men required to work her
engines is only one-fourth as many as are
usually employed on steamship.
The danger from Collapse or explosion, is
also superseded, as there is nothing connected
with the machinery to collapse or explode.
And the Transcript adds. that the worst acct
dent that can possibly happen to calorc en-
CINE is for it to stop; nor is watchfulness
imperatively required, as in no case can
dangerous accident occur. The construc-
ton of the caloric engines, is said to be ex-
ceedingly simple, and when in operation the
friction is so slight that its duration will be
doubly as long as that of the steam engine.
The recent trial of the Ericsson, though its
speed was not equal to that of the Collins
steamers yet it was sufficient to demonstrate
that a higher dgree of power could be attain
ed when desired. This achievement in me-
chanical science, is the result of some twenty
years study aud repeated experiment, during
which time Capt. Ericsson has had an abiding
faith in his ultimate success, though the ex
pertinent has often been treated by scientifi,
men as superlatively visionary.
Euc EvausvTrIe Tnsurance Com pan
This institution, like almost all the publ,
and private interests of Evansville, is in a,
eminently prosperous condition.
II has been in existence only between tw,
and three years. Its capital is $3.50, 0OO.-
Its powers extend to Marine and Fire Insur
ance. and Banking, (not however to issuing
circulating medium.) its stock is in share
of fifty dollars each-only five dollars pc
share actually paid in, but the residue wei
secured by mortgage on real estate at two
thirds of its appraised value deducting per
ishable improvements, and the earnings ar
not paid out, bat carried to account till tn
stock shall be fully paid up. Its director
have been selected from amongst the hes
business men in the community, and it ha
been managed, under them, with distinguish
ability by its President, John NJ. Stockwel
Esq, and its Secretary, VIM. T. Page, ESQ
The best evidence of its past success and til
confidence which the stock holders have i
Its present management is the fact that il
stock is now held firm at twenty dollars pc
share, for five paid in, and great man
would not sell at even twenty-five per share
The policy of this company has been to d
home business, and to repudiate foreip
agencies, which have proved so fatal to man
Western companies, and maintaining thi
policy her marine insurance ard bankin
operations have increased so fast that som
months ago the Directory, by unanmou
consent, ordered the abandonment of the Cir
insurance branch of their business.