"An engineer of Stockholm is stated to have just invented a torpedo boat for blowing up iron-plated vessels. This machine is made to float beneath the surface of the water, and is provided at the bow with a mine, which is to explode when it strikes the ship, which is to be set on fire. One of the principal bankers of the city is engaged in constituting a company in shares to provide the inventor with the means of constructing a certain number of these machines." Ellis #63.