The New Steam Boat Niagara, is now just completed, and lies at the wharf at the foot of Commercial St. She is finely modelled for sailing; her ship-wright, smith, joiner, cabinet and carved work, was done by Black Rock mechanics, and she is said to be the handsomest Boat that has ever been fitted for the Lake. She will be commanded by Capt. William T. Pease, who is already advantageously known to the public.
Steam-Boat Accident.--On the 27th ult. on her passage up, the machinery of the Henry Clay was somewhat injured, so much so as to impede her progress to such a degree, that she will not perform her regular trips, until the damaged part is replaced by a new one. She was near Sandusky, when the accident took place, but pursued her voyage to Detroit, and returned to this place early this morning.--From the alertness of the agent, who repaired to New York for the part of machinery required, it will probably be received here in the course of next week.
The schr. Bolivar, which arrived here last week, had a cargo of 22 1-2 tons of Ohio Iron Ore, for the Iron Works at Manchester, Niagara Falls. This is a new article in commerce; but we apprehend that ere long, when the spell which operates upon this place, is dissolved, by the sale of the surplus waters, by the sale of the state land, and by the erection of the contemplated Iron Establishments at the foot [of] our Harbor, by Ehle & Co. the rich beds of Ore, from the great state of Ohio, will furnish transportation for numerous ships, and Ore for the consumption of all the furnaces, rolling, and slitting mills, bloomeries, & forges, necessary to be erected in this section of the state.