p.2 Completion of the Sault Ste. Marie Canal - The Milwaukee Sentinel has late advices from the Soo, by which it learns that the Canal across the Portage at Sault Ste. Marie will be completed on the 15th of this month, and the Commissioners appointed by the Governor of Michigan have been notified to be present on the 20th and inspect the work, in order to its acceptance, if found to fulfill the terms of the contract. The work has been pushed forward steadily and rapidly under great difficulties, and has reached at length its completion, throwing open the waters of the great Superior lake to the vessels of the other lakes, of every size. The immediate result of the opening of the Canal will be the reduction of over one-half in the rates of freights for the mining regions.
The Brighton Sentinel states that quite a fleet of vessels recently availed themselves of the shelter of Presque Isle harbor. The steamer Traveller left this port yesterday to tow here some of the disabled, now lying at Presque Isle. Weather favorable, and a promise of its continuance.
The schooner Manitou, with railroad iron from Quebec to Cleveland, is reported ashore at Grand River.
The propeller Bucephalus foundered in Saginaw Bay during a recent severe gale, and seven of her crew perished. She was laden with corn for Buffalo.
Schooner Dismantled - The schooner Elizabeth, of this port, when on her trip from Toronto to Kingston, had her foremast, sails, etc., carried away in the gale on Friday last, when five or six miles East of the Ducks. The vessel broached too and drifted at the mercy of the sea until Saturday night, when near the head of Long Island, when her anchors were let go, to prevent her driving ashore, and fortunately held. The steamer Magnet passed the disabled vessel on Friday afternoon, but did not take her in tow, reporting the accident to the owner on arrival here. Assistance could not then be dispatched but the propeller Oliver Cromwell, Capt. Patterson, coming down the lake on the following morning, discovered the Elizabeth, and promptly proceeded to rescue her from her dangerous position. Capt. Patterson successfully accomplished this, and towed the Elizabeth into port.