We are sorry to learn that the LADY COLBORNE steamer is likely to prove a total loss. She was insured, we believe, to the extent of only £1000, and her value has been estimated at £7,000 or £8,000. ---- Montreal Gazette.
We sincerely regret to learn that the Royal Mail steam packet NIAGARA, Capt. Sutherland, has met with a serious accident. On Monday, as we are informed, while on her passage downward to Kingston, the weather being tempestuous and the lake very rough, she shipped, in the neighbourhood of Port Hope, a very heavy sea, by which her chimneys were washed away. The NIAGARA immediately put about for Port Hope, but in the confusion and difficulty of making fast, she continued to strike so heavily against the wharf, as to make it necessary to scuttle and sink her, to prevent her from being knocked to pieces. We shall, no doubt, be in possession of further particulars in a day or two. --- Toronto Herald, Oct. 28.