In a terrific 50 m.p.h. gale with freezing weather on Saturday afternoon, the large schooner NELSON foundered in 500 feet of water off Grand Marais, and it is supposed that all on board , with the exception of Captain Hagney of Toledo were drowned.
The NELSON was in tow of the steamer S. FOLSUM. Before assistance came or could be rendered the NELSON dove for the bottom after the towline had parted. Capt. Hagney was found at Deer Park on Saturday floating on the top of the vessel's cabin. The NELSON measured 766 gross tons, was 163 x 32 and valued at $10,000.
Port Huron Daily Times
\Monday, May 15, 1899
Insurance companies have certainly been very fortunate on the great lakes this year. They never had a year when a grain fleet equal to that which spent last winter in Chicago got through to Buffalo with so little damage. It is early to talk about profits or losses in the insurance business for the season of 1899, but it would seem now that in view of premiums higher than have prevailed for a long time past, the insurance companies will certainly find a profit in the season's business, unless they encounter several very heavy total losses. The total losses since the opening of navigation would be of very little account, if it were not for the number of lives lost, especially on the schooner NELSON, which foundered on Lake Superior, and the little wooden steamer MARGARET OLWILL, lost on Lake Erie a few days ago.
July 6, 1899
Schooner NELSON foundered off Grand Marias on May 13, 1899. Owned by Mitchell Transportation Co., Bay City. Value of vessel $1,400. Approx. value of cargo $12,000.
Casualty List for 1899 [Total loss]
December 21, 1899
Schooner NELSON. U. S. No. 18173. Of 766 tons gross; 729 tons net. Built Milwaukee, Wis., 1866. Home port, Port Huron, Mich. 163.5 x 32.2 x 12.1
Merchant Vessel List, U. S., 1898