Descent of the MICHIGAN - During the whole of the week strangers were arriving in this village on their way to witness the descent of the MICHIGAN, down the rapids and over the falls of Niagara. By Friday night, our public houses were completely thronged: and on Saturday morning every steamboat, coach, wagon and horse, were put in requisition, and the multitude moved by the different conveyances, to the Falls. By 1:00 there were probably on Goat Island, the American and English shores, from 10 to 12,000 persons, awaiting the appearance of the MICHIGAN. At 3:00 she was released from her moorings and came on shortly and majestically over the bounding billows. She passed through the rapids to the perpendicular pitch of several feet, some distance above the Falls in safety. Here she struck, and for a moment her course was stopped, and it was doubtful whether she had not finished her voyage. This doubt was but momentary; she careened over and slid down the pitch. She soon righted and her mast went by the board. Here bruins thought proper to quit the hazardous expedition, and lay his course for the shore. The wreck was now full of water, and passed down to the great Fall, her timber heads only being seen. When half of her had passed over the precipice, she broke into pieces, which was the last we saw of the MICHIGAN.
Nothing has been seen of the animals which were on board; two geese landed in safety below the Falls.
We believe that the visitors at the Falls are perfectly satisfied, that the projectors of this experiment have fulfilled every part of their engagement; and judging from the descent of the MICHIGAN, we feel very little doubt but a strong vessel of 35 tons would reach the principal Falls in Safety.