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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

In 1809 Fulton
obtained his first patent from the United States; and in 1811 he took
out a second patent for some improvement in his boats and machinery. His
patents were limited to the simple means of adapting paddle wheels to
the axle of the crank of Watt's engine.
"Meanwhile the power of the Legislature to grant the steamboat monopoly
was denied, and a company was formed at Albany to establish another line
of steam passage boats on the Hudson, between that city and New York.
The State grantees filed a bill in equity, and prayed for an injunction,
which was refused by Chancellor Lansing, on the ground that the act of
the State Legislature was repugnant to the Constitution of the United
States, and against common right. This decree was unanimously reversed
by the Court of Errors, and a compromise was effected with the Albany
company by an assignment to them of the right to employ steam on the
waters of Lake Champlain.
"Legislative aid was again invoked, and an act was passed directing
peremptorily the allowance of an injunction on the prayer of the State
grantees, and the seizure of any hostile boat at the commencement of the
suit.


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