The new Steam Boat now building at this place, is nearly ready to be launched, and will probably pass into her destined element in the course of next week--the precise day is not yet known. Of course the name of this boat in accordance with established nautical usage, remains a secret. We shall only express a hope, that the Directors of the Niagara Steam Boat Company, will display as much taste in the selection of a name, as has the builder in the beautiful model of this boat.
The Horse Ferry Boat, intended to ply between this place and the Canada shore, is also nearly finished, and will go into operation in a few days.
The Henry Clay sailed on Sunday morning, the 4th inst. with rising 50 cabin passengers, and 100 in the steerage, principally emigrants.--There were some French-Swisse on board, who, with their household utensils, farming implements, and antiquated dresses, all from the borders of Swisserland [sic], made quite a novel appearance. There was a quietness among these people which is not observable amongst the French. Col. Wood, of the U.S. Army, was a passenger, upon his annual [ ]tary tour of post inspection in the west.
Cleaveland June 2
Shipwreck.--The schr. Lake Serpent, Capt. Leet, which left this port on the 24th ult. for Detroit laden with pork, flour and Whiskey, struck on a reef of rocks, on the evening of the same day, near Point au Plait, when she fired and sunk, the quarter deck remaining above water. Capt. Leet and several other persons left the shcooner the next day, in the small boat for Sandusky, leaving a sailor and one passenger, who voluntarily, remained on board the wreck. The schooner Good Intent, Capt. Whitaker, happened to be in port, and proceded to their assistance. We understood they succeeded in saving the chief part of the cargo, which has been landed at Sandusky. The wreck has not yet been got off, and it is supposed to be so much injured as to be unworthy of being repaired.