p.3 Long Island Canal - It affords us much pleasure to find that this undertaking which was so much talked of last season is by no means abandoned. On the contrary, a large party is at present engaged in cutting the brushwood on the proposed route. The object of this canal, is to open a direct steam-boat navigation between the town of Kingston and Cape Vincent, in the state of New York. We understand that the people of Jefferson County, have offered to subscribe largely to accomplish this object. The steam-boat which is intended to ply on this route is already finished, and the engine is in progress at Mr. Yarker's Foundry.
This morning, a short time before sunrise, Mr. Garratt's distiller discovered a fire on the lake, and thought he distinguished two masts above the flames. Mr. Garratt was called up, but by that time nothing could be perceived but a large column of fire. Mr. Garratt thinks it was from 3 to 6 miles above, and a little to the left of Snake Island. Mr. Garratt and all his men are satisfied it was no fishing light; we therefore fear we shall hear of some melancholy accident.
We are sorry to have to state that a very serious accident has occurred to the steamer Thomas McKay, belonging to the Ottawa and Rideau Forwarding Company. At 7 o'clock on Wednesday evening last, on her way up to Kingston, she struck on a stump, and almost immediately sunk in 6 feet water. The Goods being all on deck, have received no injury, and it is supposed she will be raised without much difficulty.
We understand that the Steam Boat Commodore Barrie, Capt. Sinclair, will go up the Bay on Monday next, and continue on the Bay and River for the remainder of the season.