quoting the St. Joseph Statesman
SHIPWRECK - We learn, with regret, that the schooner PRINCE EUGENE was some days since wrecked in Sable Bay, twenty miles North of Sable point and about 180 miles North of the mouth of St. Joseph. We have not yet been able to obtain the particulars, but understand she was driven ashore in a gale, and that she is now entirely under water, with her whole cargo, which is estimated at seventy thousand dollars. The sufferers, we learn, are Messrs. Bowman & Judson, of White Pigeon, Mr. Chapin, of South Bend, Ind., Mr. Huff, of St. Joseph, Mr. Comstock, of Kalamazoo, and others, whose names have not reached us. What amount of the cargo is insured, we are unable to say. The master has arrived at the mouth of the St. Joseph and vessels are about to be sent to recover such goods as can be obtained from the wreck.
Lake Michigan is one of the best lakes for navigation in the west; and this has been the only occurrence of the kind, to our knowledge, that ever happened in her waters. For the want of good and sufficient harbors, accidents of minor importance have occurred in attempting to discharge their cargoes. For this reason, on merchandize [sic] destined to the southern part of Lake Michigan, insurance cannot be obtained to cover any loss occurring in sight of the Light house at the port of destination. Merchants living in this sector have not, therefore, generally effected insurance at all. Such being the fact, we fear that by the wreck of the PRINCE EUGENE, much individual loss will be sustained.