p.2 The Magnet - The Insurance Companies themselves have resolved to raise the sunken propeller Magnet, lying in seventy feet of water, 12 miles below here. Messrs. Calvin & Breck recquired $8000 to undertake the difficult job of raising her, and bringing her off. The Boston wrecking tug, Rescue, a boat owned by a company formed for wrecking purposes, and consequently well adopted to the work, being a large and powerful boat, passed down on Saturday morning and visited the wreck. One of her divers descended to the bottom, and made an inspection of the vessel, walking through all parts of it. The Company refused to raise the boat for $5,000, her services were not retained. Today Mr. Fortier, Insurance Inspector, an officer who has good experience in wrecking on the Lakes, makes the first attempt with barges to raise the Magnet.
The Rescue was successful last Wednesday in finding the wreck of the barque John Rae, sunk near the Ducks about four years ago. About a month's cruising in the vicinity, with the assistance of the divers, attained this object. An effort will now be made by the Rescue to raise the John Rae.
-Imports - 19.
p.3 Police Court - vessel captain charged with being drunk, discharged.