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St. Nicholas [serial] (1873)

Dodge, Mary Mapes, 1830-1905 · [New York : Scribner & Co.] · leaf 682

An illustration from St. Nicholas [serial], 1873, leaf 682
ided that there was no need to let such a valuablecargo remain at the bottom of the river, so ar-rangements were made for recovering it. Thelifting-magnet was lowered from a barge to theriver-bed, where the iron lay, and slowly draggedalong until it had picked up a load of the pigs.Then it was… … THE ELECTRO-MAGNET BRINGING UP A LOAD. for, during the period that the cargo had rested inthe river-bed, the value of pig-iron had taken asudden leap, with the result that the salvagedmetal was sold for $16,000, leaving a neat profitfor the insurers after paying the expenses in-curred in the…

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