p.2 The steamer Sunbeam is reported to have been lost on Lake Superior last week, during a gale, with all the passengers and crew except one wheelsman.
Regatta - R.C.Y.C. race at Toronto for Prince of Wales Cup, to Port Dalhousie and back to Toronto; Gorilla, Rivet and Breeze in order of finish. [Leader]
Vessels Liable Fo Debt - A very important Bill, rendering vessels liable for debts contracted for their actual use, has been introduced into the Legislative Council by Mr. Currie, and already it has received its second reading. Mr. McGiverin has introduced the same Bill into the Legislative Assembly, where it is likely to be carried and become law. Below we append an abstract of the measure, and sincerely trust that it will pass before Parliament adjourns. But we cannot see why the law should be confined to Upper Canada. It is just as much wanted in the lower section of the Province, and we hope will be so altered:
1- All vessels of 20 tons and upwards to be liable for debts and damages incurred in respect thereof.
2- Remedy at law to lie against owner, master or craft.
3- Suits against craft to be commenced by attachment.
4- Duty of County Clerk and officer executing the writ to detain vessel till debt discharged.
5- Property seized may be released on a bond being given for double the amount claimed.
6- Proceedings before and after judgement. Defence may be set up; but after judgement the property seized may be sold to satisfy claim, and any overplus to be paid to owner. If judgement against plaintiff, property to be released, and costs recovered as in other suits.
7- Writs to issue out of Courts having proper jurisdiction; but in actions where amount claimed does not exceed forty dollars, and in actions on contract or for debt not exceeding one hundred dollars, a Division Court of County in which the craft may be at the time the writ issues shall have jurisdiction.
8- Writ of attachment may be set aside for good cause.
9- Consequences of commencing a suit without good cause. Damages may be recovered.
10- Debtor not a competent witness.
11- Notice of sale of vessel seized to be published for one month in the Canada Gazette, and same time in some local paper.
12- Order for writ to specify the amount claimed.
13- Court to make rules and forms and fix a tariff.
14- This Act shall apply only to Upper Canada.