Complex sentence: The ship was declared a total loss, and its charred hulk was finally towed away from the Asbury Park shoreline on 14 March 1935, and, according to one account, later started settling by the stern, and sank while being towed up the river.
Split into simpler sentences: The ship was declared a total loss, and its charred hulk was finally towed away from the Asbury Park shoreline on 14 March 1935. According to one account, it later started settling by the stern and sank while being towed up the river.