BIG SCHOONER ADAMS SUNK
CUT BY ICE AND SANK IN THIRTY FEET OFF COLCHESTER
Amherstburg, Ont., December 12. - (Special.) - The steamer Caledonia, which passed here at 10 o'clock this morning, reports that her consort, the schooner George W. Adams, was crushed by the ice near Colchester light during the night and sank in five fathoms of water. She was loaded with coal. The crew was taken off by the Caledonia. The schooner was owned by James Corrigan, of Cleveland, and was worth about $35,000. It will be impossible to raise her this season.
Chicago, December 12. - The news of the loss of the schooner Adams on Lake Erie brought the season to an end with a sudden jerk to-day. Regardless of the wishes of vessel owners to keep their steamers in commission for another trip, underwriters declined to take any more insurance on grain cargoes.
That the Adams was insured at all is due to peculiar circumstances. Some ten days ago, McDonald & Co. granted and extension of insurance for the trip to Chicago. Nothing more was heard of it until a couple of days ago, when the owner called up the underwriters on the long distance telephone and asked to have his insurance still further extended, as the boat had not been able to get away sooner. This was refused, and then it was learned that the Caledonia had already taken the Adams in tow. It was too late to get her back, and the underwriters then reluctantly assumed the risk. It will cost them $34,000.
Her crew were brought to this city at noon yesterday and from there will go to their homes.