Evening journal., 1899-02-17
MORSE'S NEW SHIPYARD
Subscriptions of $85o,ooo Made
BY Baltimore Capitalists.
TO MAKE A NOTABLE DEPARTURE

II
MERCHANTS AND MINERS
LINE ONE OF THE STOCNHOLD-
BRs OF THE NEW COMPANY.
baltimore. Feb. 7.-iSubScripticns to
uhe amount OF $3.50, 900 have been made
by Baltimore capitalists for stock in
the proposed company TO establish
in Baltimore a new shipyard that will
compare in magnitude with any in the
world. Henry G. Morse, who is at the
head Of the enterprise, ds NOW at his
home in Youngstown, Ohio, and is ex-
pected to return to Baltlmore next
week. 1t will take 100000 to es-
tablish the yard, and of this amount
it is understood that one-haf has been
subscribed by capitalists outside of
Ba,tlmore. 1t lis said that The raising
OF the other half, or s1,50O,OOO, will Sc
cure fer Baltimore this great industry.
The SS5O,OO0 pledged by Baltimcreans
goes more than half way in accom-
lplsnlng TINS purpose.
The Ba.timcreans who have agreed
ito take an interest in the company i'm
Guide Robert GARRETT & Sons, Nelson
Perrin, president cR dhe Consolidated
railway; Harry Walters. president Of
the Atlantic Coast lne Henry A.
Parr; Michael Jenkins, president Of the
MERCHANTS and Miners Line; George
C. Jenkins, Joseph w. Jenkins, Jr., e
L. Bartlett, r. C. Hoffman, William p
Harvey, B. n. Baker, president of the
Ae.antio transport Company and
John X. Clwen, president Of the Bal
tim0re and Ohio railroad
Mr.. Mcuse retired from the presi-
dency Of the Harlan and Holhngsworth
Company, OF Wilmington, Del, to or
ganize this company. He has WISHED
THE leading shipyards in Europe and
the United States and accumulated
data relative to the most improved
methods. while with the Wilmington
company Mr. AI5rse took contracts tC
build two veNzse,s for the NIerdhants
and Miners Transportation Company
lCf Baltimore, and also built a vesse
for the Baltimore Steam Packet Com
pany. His idea in building the pro
posed new ehipyard rs to have a plan
THAT from the initiative will be abl'
to build the biggest ships wanted O
any class.
The Plans for the new entenpris'
were prepared after studying the heav
lest ships now in demand and pro
viding a 20 per cent greater capacit.
than this standard in the Organization
of the different departments of th
yard. "a Notable departure is to b
made from the present universal Gus
tom of doing all the work on the con
; eltrudtlon cf vessel in the open all
This is followed in European an
American ehipyards, and a careful
( study of the operations in a represen
d tative establishment for a period q
Y 5sn years shows, II is said, that tn
time lost from bad weather is equE
d to 10 per cent. cf The working time {
n each year. To this extent the Outpu
f of a yard, it is contended, is reduce
= and delays Of a eerious nature ofte
e caused. 1t is the purpose in the me-
S shipyards to do all The work undt
n cover, from the laying OF the keel
n the iaunch of the ship Fully 80 p'
II cent. OF the labor usually employed
shipyards, it is said, is used in han'
l. ling materials. In constructing stal
d ing fcr each new vessel and temporal
IN derricks much labor is used. 1t is %
N purpose in the new yard to handle a
f material by overhead travelling crane
le About hwe.ve months will be require
le to construct the shipyard after the
lg nancia. details have been complete
ut For the site about eight acres cf Ian
Il. will he needed, with water front
ig about 1000 feet. Land that can he a
lis quired at a low cost adjacent to d
ed works for the homes cf the workin
to men to be employed will also
e. wanted.
lie Low taxes and satisfactory lab
k conditions are points that Will hgu
8. i'm 1.-THE location of the e'hipyard. ]
plan ccntemp,ates am ESTABLISHING
I'm that would give employment to abb
.er 500 men at the slant and gradually
Jss crease to 1000. In mapping cut
asst enterprise provision was made for
enlargement OF the works to meet
lch new conditions.
of 1t is estimated that the aver
ler amount Of work under CONTRACT is S
on fcient to keep every American sh
.hh yard busy fer twenty months, and t
the large demand for ships. wh
7u.- promises to continue, makes the pi
ion ent facilities inadequate. Supplies
'er- steel. pig iron and lumber are I
/ is sent to Great Britain to be used
ins shipbuilding, and practical men
49,, tr ,.-,-1~, r,-lt~