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I read this story. It was by Jules Verne and was called "An Express of the Future". He came up with the idea of the transatlantic tunnel. Wikipedia has the details.
http://en.wikipedia.org/wiki/Transatlantic_tunnel

How can you patent an idea that belongs to Jules Verne's from 1888?

However, building Jules Verne's idea and being the owners and sellers of it makes sense. I just wouldn't give out a patent.