Vast Steamboat Combination.--A combination has just been formed, including every steam vessel on the Lakes, Erie, St. Clair, Huron and Michigan, and the rivers Niagara, Detroit, and St. Clair. This gigantic combination includes the Michigan Central Railroad. The nature of the compact is such, that the present owners of the boats give up to the combination all control of them, and they consequently become, in effect, join stock property. Persons ar appointed by the association to appraise each vessel, and issue scrip to the owner to the amount of the appraisal. The vessel then becomes the property of the association, which places her upon whatever route it thinks fit, appoints her days of sailing, &c., or lays her up if it thinks proper.
Gen. Reid, of Erie, Pa., is President of the association, and Mr. Kimberly, of Buffalo, Secretary. The amount of capital invested in the combination cannot fall short of from three to four millions of dollars, aside from the Michigan Central Railroad. The result of this movement will be to raise the price of passage and freight.--Cincinnati Inquirer.