The Schooner William Elgin. - The Belleville, Jefferson county, correspondent of the Watertown Dispatch writes as follows: "The schooner William Elgin, which went ashore near Armstrong's on Wednesday evening, is still fast in the sand. The deck load of lumber has nearly all been washed ashore and safely piled out of the reach of the sea.
"The wheat is in the vessel yet, no effort having been made to get it out on account of the heavy sea that has been running ever since the vessel foundered. The wheat is valued at $9,000, and is fully insured in Canada companies. The vessel is valued at $10,000, and is insured for $6,000 in a Canada company.
"The owner of the wheat, from Toronto, Ont., was here; also the owner of the lumber, from Oswego, together with some of the officers of the insurance companies, on Saturday, and visited the wreck, but were unable to say anything owing to the heavy sea that was running. They left in the afternoon, but will return as soon as the gale is over and the sea runs down. They hope to be able to save the vessel, and will if they can succeed in lighting her soon enough."
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