Detroit Evening News (Detroit, MI), Aug. 4, 1886
- Full Text
THE WRECK OF THE BOND
Port Colborne, Aug. 3. - The wreck of the O. M. Bond is still in abeyance. The damage to the hull, rigging, and outfit is said to be $1,975, and the wrecking expenses were $2,700. The Bond was insured for $7,000 on a valuation of $9,400. It would thus take a loss of $4,700 on the part of the hull to make her a total loss. Her owner, it is alleged, would like to turn her over to the underwriters and get his $7,000, and the latter are quite willing to let him keep his vessel. The 130 tons of her coal cargo left at Port Dalhousie are expected here by Thursday, when it will be possible to make an adjustment of the loss. After allowing on the repairs one-third new for old and deducting the amount to be contributed by the cargo, it will be a close call whether she is a total loss or not.
- Media Type:
- Item Type:
- It was finally decided to rebuild her, and on her first trip after the rebuild she was wrecked near Point aux Pins, Lake Erie, October 14, 1886, a permanent total loss.
- Date of Original:
- Aug. 4, 1886
- Local identifier:
- Language of Item:
- Dave Swayze
- Copyright Statement:
- Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
Maritime History of the Great Lakes