The large steamer Oconto of the N.L. Co. went ashore on Tuesday night on the shoal opposite Thousand Island Park. She was on her first trip between Cleveland and Ogdensburg, and had discharged her load of grain at the latter place and taken on a miscellaneous cargo, including silks, cottons, boots and shoes, wire and iron valued at $500,000. She left Ogdensburg in the afternoon of Tuesday and went on the shoal about 7 o'clock. She was running about twelve or thirteen miles an hour at the time, and consequently her bow went high and dry out of water. Her crew of twenty-eight men and fifteen passengers were taken off in safety and ferried to Fisher's Landing, near by.
The shoal, though generally well known, is a very dangerous one, and has raked the bottom of many a good craft. The propellers Averell and Oneida, the tug Conqueror and other vessels have experienced trouble at the same place.
About four o'clock Wednesday morning the Oconto slid off a few inches at the bow and sank at the stern. At latest reports she had rolled over on her side, and is expected to go to pieces. She is registered in Inland Lloyds as of 350 tons, built at Manitowoc in 1872, and valued at $20,000. Her insurance is not known, but the loss on vessel and cargo will not be less than $300,000. She was wrecked last fall on the upper lakes, and this was her first trip after being repaired.