Propeller MAGNET, of 274 tons. Valued at $12,000. Class B 1. Home port, Hamilton. On February 17,(sic) 1871, while on a voyage from Hamilton to Montreal, she ran against the pier at Lachine Canal. Amount of loss to hull $9,000; to cargo $7,500.
Department of Marine & Fisheries
Statement of Wreck & Casualty, 1871
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MAGNET Can. Reg. No. 33517. Built Cleveland in 1853. of 337 tons. Wrecked Lachine Canal July 15, 1871. 136 x 26 x 10
Prelm. List of Canadian Merchant
Steamships, 1808 to 1930
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CONVERTED INTO A BARGE. - The propeller MAGNET, which plied for several years in connection with a line of steamers between Montreal and Chicago, has been dismantled of her engine and boiler, and will hereafter be towed as a barge in the lumber trade. She has served as a steamer for 18 years, was built at Cleveland by Luther Moses, was sold several years since to Montreal parties, and was first named the NEW ENGLAND. Not long since she met with an accident and sank in the Lachine Canal. She was recently sold to Kingston parties, and raised with the results above stated.
Buffalo Commercial Advertiser
August 9, 1871
Steam screw freighter MAGNET. of 336 tons gross; 274 tons register. Built Ohio City, Ohio in 1854, built of wood and 100 horse power. Sank in Lachine Canal; burst with grain.
Statement of Steam Vessels Lost, broken
up, or laid up as unfit for service during 1871
Department of Marine & Fisheries, Canada