THE COBOURG LAUNCHED.
Just as the city clock struck three Saturday afternoon the axes dropped, severing the tackles which restrained the M.T. company's new steel barge Cobourg from sliding into the waters of the St. Lawrence, her natural home. Viewed by an immense throng of people, the steel-clad craft descended slowly from her perch into the waters below as gracefully as the gentle waves that ripple over the surface of her own element, and throwing a white spray many feet into the air. Little Miss Jean, daughter of Capt. Gaskin, named her the Cobourg by breaking a pint bottle of champagne on her bow. Being parallel with the end of the dock, the barge should have gone in broadside, but the brace refused to drop for the moment, allowing the stern to gain a lead, and the boat dropped into the water on her stern port quarter. This, however, did not prevent the launch from being successful. The steamer Parthia took the new boat in tow, and run her into one of the M.T. company's slips. She received her first cargo for Montreal Saturday evening.
Welland Canal Report.
Port Colborne, Oct. 31st - Down: steamers Black Rock, Inter-Ocean and barge, Chicago to Kingston, corn; Pueblo, Chicago to Ogdensburg, corn.
The steamer Ketchum and consort Owen left for Chicago yesterday.
The steamer King Ben is unloading nails at the M.T. company's wharf.
The tug Thomson arrived from Montreal today with four light barges.
The steamer Quebec arrived from Montreal yesterday with a general cargo.
The propellor Lake Michigan, on her way up the lake, coaled up here yesterday.
The steamer Iona, with cement for Montreal, touched here yesterday for a pilot.
The steamer Paul Smith began her tri-daily trips on the Wolfe Island ferry route today.
The sloop Two Brothers arrived from Consecon today with grain for the M.T. company.
The steamer Glengarry and consort Minnedosa cleared for Fort William on Saturday.
The tug Jessie Hall with four barges laden with 80,000 bushels of grain left for Montreal yesterday.
The tug Bronson, with barges laden with 90,000 bushels of grain, cleared for Montreal on Saturday night.
The barges Adele, Victor and Roberval loaded oats, peas and rye at Richardson's elevator today for Montreal.
The steamer John Milne left Swift's wharf yesterday for Ottawa with an extra large cargo of general freight.
The schooner Augusta, with 16,000 bushels of wheat for the M.T. company, arrived from Toronto yesterday.
The steamer Elphinmere, with 48,000 bushels of corn from Chicago, arrived at the M.T. company's dock yesterday.
The schooner Annie Falconer was towed to her winter quarters at Portsmouth this morning by the steamer Princess Louise.
The schooner Fabiola arrived from Oswego yesterday with hard screenings for J. Swift & Co. She will discharge her cargo at the Kingston hosiery company's wharf.
On Friday night the schooner Loretta Rooney left for Charlotte to load coal for R. Crawford. She returned yesterday morning with her cargo, making an exceptionally quick voyage.
Mr. Jamieson, Owen Sound, will superintend the building of the M.T. company's elevator, was expected here today. The work of sinking the spiles will be commenced immediately.
George Dunsford, Peterboro, says that Knapp is not the inventor of the roller boat. He claims to have built one many years ago but it was not a success. He got his idea from a scientific paper.
The sloops Pilot, with 3,000 bushels of oats; Monitor, 2,200 oats; Madcap, 2,000 and schooner Kate with 6,000 bushels of rye from Bay of Quinte ports are awaiting at Richardson's elevator to be discharged.
The M.T. company's new steel barge Cobourg received her first cargo on Saturday night, and yesterday. With nine feet draught, she carries 37,000 bushels of wheat, equal to 40,000 bushels of corn. No other barge in the river can carry such a cargo. Previous to the Cobourg's appearance, the barge Cornwall, built by the same company, carried the largest load, which amounted to 33,000 bushels of wheat, or 35,000 of corn. The Cobourg is a model barge.
The Richelieu Deal.
Montreal, Nov. 1st - The details of the great Richelieu deal are gradually coming to light. The facts are about as follows: Fifteen of Toronto's leading capitalists, with James Ross of Montreal, have purchased a big block of R. & O. stock and each interest, both east and west, will choose their directors. The name of James Ross only will appear in the Montreal end of the syndicate, but he is known to represent Sir William Van Horne, R.B. Angus and one or two others. The Ontario firm will embrace such names as Hon. Sir Frank Smith, Hon. George A. Cox, E.B. Osler, George Gooderham, Christie, Flavelle, Foy, Hammond and others.