New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-06
THE GORRINGE ENTERPRISE.
A sHIP-BUILDING COMPANY FORMED.

sHIP-BUILDING COMPANY FORMED.
DESCRIPTION OF THE YARD-wHAT Is BEING DONE
THERE-REPLY TO ADVERSE CRITICISM.
The articles of Incorporation of the American
Shipbuilding Company were fled yesterday. Henry H.
Gorringe Cornelius Vanderbilt aud j. +. Tams arc the
corporators The capital stock is fixed at $25000O. The
objects of the company build and repair vessels and
TO manufacture and sell machinery for vessels. Tho
trustees for the fist year H. II. Gorrnge. Charles
Fry, H. c. Fender James A. Roosevelt. and J. F. Tams
Reports were recently circulated to the effect
that the contract taken by Mr. Gorringe for the
building sailing vessel OF 1000 tons for W. II.
starbuck at the Reading Companys shipyard In PhIa-
dsphia, which has been leased by Mr. Cor
ringe was at rate below the charges
for wooden ships but Maine and for iron ships built
the CT, de. The contract price was said to no
SlO5 $50 per ton, whereas the cost IN England s
said to be SIT lis. Cd. about $50 ton. Talking
with TRIBUNE reporter recently. Nathaniel Mckay
Boston shpbuder said with reference to the shpyald
leased by Mr. Gorringe:
The ship-buildng yard which MI Gorringe mas taken
hold OF IA at Port Richmond Delaware. and covers
frontage Of 4J0 feet and has depth Of 1850 feet 1t
Ia mostly made andand completed In 1873 at cost
of 81 300 O00 and been I'm the market ever Since
There Is to build three ships only the ways Dehg
between two piers feet in length and 100 feet wde
the intervening space being $50 eet front Only $S7oOO
of the 81 100000 used in the purchase OF tools
and machinery for building vessels and # Mr. Gowen bad
spent the amount In tools and macnnery instead
OF filing up mud fate he wOold have had the greatest
shpyard in the world Tie tool building contains drs
punches shears and the engne for doing the hull WORK
only. There tools Of any kind to construct
engine for a ship. IL intended TO build
engines this yard. Mr.. Gowen intended TO build the
engines at his works Reading. nc built the ship
yard for his purposes; bui, in reality, he never
did any work there. Tho slip between the piers
is all filed up with mud and must be
redged before can be made available. The ways that
built In 1873 rotten and decayed and must be
renewed The blacksmith shop is thing OF the past,
having been blown by n hurricane Tho tool shop
Is onestory building 407 feet long and l24 feet wide
and iron posts 1t has had to be oraced to keep
nG o and fae ces Sno1cb "r us Central
Railroad is 267 feet long ano y-three feet VIDE Inc
for shaping angles and otter parts OIL the snip
hull obs ie and must he rcnrwet."
vita regard to these matters Mr. Gorrnge yesterday
made the roo ing statement: The prce at waieh !
have contracted 60 Id my first vessel not what has
been reported. decline 20 say what the price H. ms u
that IL Is lower than such vessel be built
in America, but not lower ihan Tue fasss e on
orbtant IN their CHARGES; 1 purpose to be satis-
1ed with mo crate return on my inVestnentS As
the Readings shipyard II is noi IN va 1ohoIiu'
IL has been Idle for seven years aud Slthrmy pers
done rapidly and eighty men are al WORK n tne
yard to-day. 1He tools aud pnt are IN pefos Sou
executed Tue rumOrs adverse TO ny establishment are
unqucsriOnaby started By competing nrms ana were
careful study of the best foreign snip hu ding yard. by
one OF the most compset men IA ums OF If a - oHst
eney plant fIr he progress Ol tue work HOm Ao
material TO tho coin pete1 snip Is good possibly
coi be made TIE yard has a frontage OF $50 feet ard
IA mean de ptn ~ 1850 feet. II - rue that II IL mIdo
Iauo but hat posa sses an advantage RS
lac gard covers OF thirty SIX acres OF Wblch
twrlys IN water IL was hnl7h-u III
s76 ana he cost reported about correct II never
been unerfo for sale Tor to my personal kho"eogt
udcae u CAPT is's offered 10 DqY II year ago ana
the Eeaoug pOsitycly rrfu-ed 10 sell IT. IGerc ore our
slips. each COO feet In i,nsth ana capapleO L9ldlg
two ordinary steamers There Is room enough ana
mont enough for ak more sHPs that ~ou notS
the LARGEST vessels been cOHsi ructed
40 lsss tlaa 10000 tons OF shipping can D.
On the WAYS al,ne, aud the ba-ins aal
sips afford moving space for twenty-five OF TIE IaIt',t
= -, without going Outside "i TIE I"rt 'u.n
line sc uaye two lonl spa lOus wharveb exen i out
1, deep water with dc, w.ter bet@een tnrn IA o'
eide 81 tHeD. Tie slaoc IN lr'ni OF the ""h'-
ways Will need be dledgcd at All expense hot r1'a
'' H. eSsf Of e tool-, plant aud machinery Tat
AaNe reeeiptca for from TIE hsaalgg k@T' r., ~
pieseut 10 bu4d engines IN the yard AZ We er - ne'
Tor trem cisewhcrc more cneapN tiah "e,lh "' -
rope have eugussuOps distinct nom TIE Jaius ne
expect oycutusV TO put uP eur oSn engine Shops
rr are satlouart tools Of laccr Importance,
nos including furnaces aud frnm,ngablcs In tue SNIP
hun works alone, slides ful outht Tor Tue hosf ana
40 al nv expense. the Reaei agreed 70
~, ,ss ~ al ~. aim and contr,cs have
been lrt Tor it- ructiou al improved plan In
tae meantime temporary backsnllhs Ahvp - O-lus ~
rangro N tue man bIiIng nc 70, Ss n, 49, most
liberal estimate ln1 keel bucks iof thr ne" mp -ie
tlsclJ beng Hrrangea. The tool shop Is ~ Set -
feet RnI tAr otner 10 by 81 iert l1e mouth
ION aud 80 fr-t vide The furnaces, instead OF being
o,ol~te nave not her equal fOr arrangement ana 'oi
economy operation ~ any snip, afI M we o9un!
IN conclusion 20 Withhold the names OF ne sl0AcIlD
public In dnr tinr rhere Is no English capital In my
Enterprise DOM that there would D. any o0-
iert!on 10 foreign capital coaalug o. tuis couIsry