Lifting apparatus with hydraulic operated means to move a counterweight thereon

A lifting apparatus including a counterweight and a hydraulic circuit for moving said counterweight from a first position to a second position, said circuit comprising:

• a. a hydraulic cylinder for moving said counterweight from the first position to the second position;
• b. source means for supplying hydraulic fluid under pressure to said cylinder;
• c. conduit means connected between said hydraulic cylinder and source means for coupling said source means to said hydraulic cylinder;
• and
• d. bypass valve means connected to said conduit means and responsive to the pressures therein, for draining a portion of the fluid in said conduit when the hydraulic pressure in said conduit means falls below a predetermined value when the counterweight is in the vicinity of said second position, said bypass valve means comprising a body having a hole therein, a drain port therein coupled to said source means and a spool positioned in said hole in said body, said spool having an axial hole in the center thereof and a radial hole extending from said axial hole to the exterior thereof, wherein when the pressure is below said predetermined value, said spool means moves within the hole in said body, such that said radial hole is aligned with said drain port, such that fluid flows from said conduit through said axial hole, through said radial hole and then through said drain port to said source, whereby the pressure in said hydraulic cylinder is reduced, thereby reducing the speed of movement of said heavy article.