THE ÆRODIPHROS AND ÆRIAL COURIER COMPANY.

Auckland Chronicle and New Zealand Colonist, Volume 2, Issue 40, 9 May 1844, Page 4

THE ÆRODIPHROS AND ÆRIAL COURIER COMPANY.

A" prospectus is now fairly before the public for the formation of a company for navigating the air, the-proprietor of which is Mr. W. H. Philips, of Bloomsbury square (communications from whom have appeared in our columns), "who is also the patentee of an aerial machine, which be calls the " vEiodiphros," and which machine, he states, is capable of being constructed to carry from one to twelve persons or more, or an equivalent weight of luggage, propelled by steam-power, and its average speed of travel is 100 miles per hour, and whioh can be much increased if necessary. It is stated in the prospectus that the patentee has determined these capabilities of his machine by actual experiments; if so, he is, at all events, in the field before Mr, Henson, and we doubt not he is pre. pared to satisfy tbe minds of parties who might feel disposed to enter into snch a speculation of the practicability of his scheme. The benefits which are likely to accrue to mankind from atrial communication are too extensive to form any part of the present notice ; but whoever is the successful promoter of serial navigation will confer a benefit on his fellow-men, which is totally inappreciable at the present moment, and his name will be handed down to posterity as one of the greatest benefactors of mankind. How far the present projector is likely to realize a successful result we have no means of judging, but should oertainly have felt more satisfied on the subject had some data of the various experiments said to have taken place been given. In inventions of a complex nature, much secresy is, however, often necessary, and we hope Mr. Philips has satisfactory reasons for the quietness with which these experiments have been conducted. The nominal capital of the company, is to be ,£500,0005 in 5,000 shares of £IOO each—--2,500 shares to be appropriated to the publio, and the remaining 2,500 shares to be the property of the inventor. A deposit of £l per share to be paid at tbe time of application— £ I ten days after the exhibition of the first model— £3 ten days after the first performance of an experimental trip with the second model —and £5 per share ten days after the completion of the hist grand carriage, capable of carrying ten or twelve persons for a voyage of 1,000 miles. Persons joining the company are not obliged to continue, but can at any time retire, by tbe forfeiture of the deposit, or any instalments which have been paid. We understand that,; the day for tbe public exhibition of the first model, and its assent, will be fixed very shortly, as'the encouragement given by the public is such as to ensure the success of tbe company.— Mining Journal,