p.2 The Spartan Aground - Lachine, Oct. 26th - Owing to the first floating lightship having been shifted several hundred yards from its position since yesterday in Lake St. Louis, the steamer Spartan, of the Royal Mail Line, ran aground on the shoal and became fastened, having mistaken the channel. The lightship was sunk several weeks ago by a storm, and up to the present every attempt to lift it has been futile. Barges are being secured to lighten the Spartan of her cargo, as she is making water fast, and several hours must elapse before she can resume her journey.
p.3 Suspected Murder - body of Wm. Seege, mate of schr. Sibylla, found in river; had been drinking. [Oswego Times]
ALLEGED UNPLEASANT DEVELOPMENTS
Wm. Gunn & Co.'s Failure
Considerable excitement was created today in commercial circles on a report gaining currency that some startling developments had taken place in connection with the failure of Wm. Gunn & Co. On enquiry it was found that the report referred to advances having been made by the Bank of Montreal to the firm upon bills of lading, issued by Messrs. Holcomb & Stewart, forwarders, for which the cargoes have not so far turned up. We were unable to find Mr. Gunn at his place of business, and the other parties concerned did not deem it advisable to afford any information on the subject. So far as we could learn, negotiations are going on for a settlement of the existing difficulties, and probably that is the reason so much reticence has been observed. A representative of the firm of Holcomb & Stewart denied the statement, so far as he was aware, of any bills of lading being issued irregularly. We may state, however, that it is beyond all doubt that a serious difficulty exists between the bank and Mr. Gunn's firm.
Since the above was in type we have heard, on good authority, the difficulty has arisen through Messrs. Holcomb & Stewart giving up the grain to Messrs. Gunn & Co. while the bills of lading were in the hands of the bank. [Star]