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'owing to the cradle breaking, 38. TAE Marine Review : THE PRINCIPESSA JOLANDO BEFORE LAUNCHING, LAUNCHING DISASTER TO THE PRINCIPESSA JOLANDO. The accompanying illustrations, unique in their way, tell their own story of the misfortune which befell the new mail steamer Principessa Jo- lando, built' for Lloyd Sabando, of Genoa, while being launched from the yard. of Soc. Exercizio.Bacini, at Ses- tro Levanti, near Genoa, on 'Sept. 22. The Principessa Jolando was built by Messrs. Piaggio & Co., of Genoa, and was intended for the River Plate trade. She was the largest vessel built in Italy, being of about 8,000 tons, deadweight, and the disaster she has met with has naturally created an intense sensation. throughout ship building. circles the world over. It appears that the vessel while going _down the ways took'a list to port and without recovering her equilibrium, she sank broadside gradually, and after some 20 minutes touched bottom. She now lies in 48 ft. fore and 60 ft. aft on a shingle bottom, her starboard broadside being visible above water fear that she is breaking up. as shown in one of our illustrations. The well-known wreck officer of the Liverpool Salvage Association, Captain F. Young, has been despatched to Genoa with a view to advising, and if if necessary carrying on any salvage operations. At the timé of -writing, however, these do not appear to be promising. A telegram from Genoa says that. the sea is running high and -no boats can go out, and the salvage operations have practically been aban- 'doned. Judging from objects that have been found there is reason to In re- gard to her salvage two points need clearing up. There -has, first~of all, been a suggestion (which has come from Italy) that there was some "foul play" at the bottom of the -trouble. The second point is that although the insurance for the whole risk was. covered in' France and Italy, for some £240,000--the finished value of the steamer--only a few weeks before an amount of £80,000 was re-. insured by these companies at Lloyd's to -cover the risk of ldunching and THE PRINCIPESSA JOLANDO. HEELING TO PORT. 'trial' trip, the: "usual: rate.-of 35 4d being paid: The steamer was launched with all her machinery on board, for it was intended that she should be delivered to the owners after her trials about Oct. 1 and sail from Genoa on Nov. 1. She was, therefore, being put into the water practically a finished ship, and underwriters in London find themselves caught with a heavy loss, for even if she is refloated, the claim is sure to be a serious one. The Isthmian. Canal Commission has purchased the tug Catherine Mo- ran for use on the Pacific side of the canal, and she is being fitted out in New York, preparatory to her 12,000- mile trip "around the Horn. It is estimated that it will take eighty days for the voyage, including stops at St. Lucia, Pernambuco, Monte- video, Coronel and Callao. The tug is 110 ft. long,-23 ft. beam and 13 ft. depth of hold. She was owned by the Moran Towing & Transporta- tion:€o. of New York. - THE PRINCIPESSA JOLANDO ENTERING THE WATER, THE PRINCIPESSA JOLANDO BROADSIDE VISIBLE ONLY.