The new steamship MAGNETIC was successfully launched at Cleveland Saturday afternoon from the same place the ONOKO was launched last winter. There was not a hitch to mar the perfect success of the occasion. After the launch Captain J.D. Mullen, her master, entertained a number of his friends at lunch. The MAGNETIC is an exact duplicate of the SPECULAR, which was also built by Presley & Co. for the Republic Iron Company, and was launched about three weeks ago. Her keel is 260 feet long, over all 275 feet; beam 38 feet 5 inches, and hold 21 feet 6 inches. This is the fifth boat Presley & Co. have built for the Republic Iron Company, and when it is said she is an equal of her predecessors, her superior qualities are not overestimated in the least. She cost about $80,000.
The J.W. Hall Great Lakes Marine Scrapbook, No. 2, October 1882
Scoooner MAGNETIC. U. S. No. 91497. Of 1602.78 tons gross; 1592.42 tons net. Built Cleveland, O., 1882. Home port, Marquette, Mich.
Merchant Vessel List, U. S., 1884
Schooner MAGNETIC. U. S. No. 91497. Of 1602.78 tons gross; 1592.42 tons net. Built Cleveland, O., 1882. Home port, Marquette, Mich. 263.7 x 38.4 x 20.0
Merchant Vessel List, U. S., 1885