THE HIPPOCAMPUS DISASTER. - The arrival of the morning boats form St. Joseph and Benton Harbor elicited nothing new concerning twenty-six passengers and crew of the ill-fated propeller Hippocampus who remained unaccounted for. Not a single survivor, except the fifteen who reached home on Friday last, has made an appearance, and there is now no longer room for hope that any of the twenty-six have been saved.
The insurance upon the hull of the Hippocampus, instead of being wholly in the Aetna, as at first reported, was divided as follows: Home, of New York, $3,000; Security, of New York, $3,000; Aetna, of Hartford, $3,000, and $3,000 in a Detroit company. It is said that the payment of the loss by the insurance companies will probably be contested, on the ground that the vessel was both overloaded and improperly loaded; and in this connection a circumstance is alleged - not hitherto made public - that, on the night of her leaving Benton Harbor, an unusually large consignment of peaches were awaiting shipment in the warehouse of the owners of the Hippocampus; and that an effort was made to secure the transportation of 1,000 packages upon another steamer, but without success, and, rather than allow the extra 1,000 packages to be spoiled by laying twenty-four hours in the warehouse, they were added to the already large load of the vessel. On that night, it was generally understood in Benton Harbor that the vessel took 8,000 packages, but this is now denied by Capt. Brown and her owners, who affirm that 7,001 packages comprised her cargo. As before stated, a sworn statement had been executed by the owners, Capt. Brown, and others, setting forth that the vessel was not freighted beyond the limits of safety, nor was she improperly loaded. The matter doubtless will come before the courts. [Chicago Times.