Detroit Evening News (Detroit, MI), Aug. 4, 1886

Port Colborne, Aug. 3. - The wreck of the O. M. Bond is still in abeyance. The damage to the hull, rigging, and outfit is said to be $1,975, and the wrecking expenses were $2,700. The Bond was insured for $7,000 on a valuation of $9,400. It would thus take a loss of $4,700 on the part of the hull to make her a total loss. Her owner, it is alleged, would like to turn her over to the underwriters and get his $7,000, and the latter are quite willing to let him keep his vessel. The 130 tons of her coal cargo left at Port Dalhousie are expected here by Thursday, when it will be possible to make an adjustment of the loss. After allowing on the repairs one-third new for old and deducting the amount to be contributed by the cargo, it will be a close call whether she is a total loss or not.