Those Ocean Plungers.
The Atlantic transportation company was incorporated November, 1897, with a capital stock of $3,000,000. Edward P. Meany became president; Haywood A. Harvey treasurer and Lawrence S. Mott secretary. The company was organized to transport merchandise and coal. It purchased a fleet of twenty-seven vessels, consisting of one steamship, the San Tuit, three tugs and twenty-three barges; also leased or chartered a fleet of forty other vessels for three to three and one-half years, which were on the inland lakes. All but ten of these vessels were brought to the Atlantic coast by way of the St. Lawrence river. Owing to the lateness of the season ten of the vessels were left in the St. Lawrence river, above the rapids. The company expended $50,000 in securing the charters and transporting the vessels to the coast. The business has consisted almost exclusively of transporting coal at Northport News for the Chesapeake & Ohio railway company. The Atlantic company owes the Chesapeake & Ohio company $161,107 for cash loaned, subject to a credit of $16,798, leaving a balance of $144,300, of which $50,000 is secured by mortgages on four vessels, and $94,300 unsecured. According to figures submitted the liabilities are $1,176,540.
p.5 Sixty Years Ago - recollections of men who tended first locks on St. Lawrence River. [Toronto Globe]
p.6 A Strange Choice - three ice yachts chosen for Walker race were not the ones which had the most points in the selection race.
Jan. 31, 1899
p.3 The Yacht Race - the first of three for Walker Cup; Kingston boats finish first - Jack Frost; second, Blizzard; third, Breeze; leading Cape boat finished nearly a lap behind.
p.5 To Have Another Boat - Polson Iron Works company, limited, Toronto, will build another boat of the very latest design for the R. & O. Navigation company. It will be a steel screw craft, 112 feet long, twenty-two feet nine inches beam, to draw six feet of water, and to make a speed of fifteen miles an hour. The price agreed upon is said to be $20,000. The steamer will be specially adapted for river service. The contract calls for the boat to be ready for service about the middle of June.