, 1864-09-02

We are pained to BE- compelled to chronicle
onc CT those fearful dieastcrs whose periodi-
cal occurTrL &C CAUSES The soul Of humanity
to shuddtr. The schooner May flower, Capt.
?. s. Averiu, Of Port Huron, was lost Ia the
storm lasr Saturday, OF the mouth OF Black
River. Lake ErIt, b. which eight lives were
Lost, including the entire crew with one ex-
ctption, together with two women and three
children. Black River IL about swentJ-th.ce
miles above Cleveland The May flower left
Tor the Toledo gas works, The crew con-
sisted Of Capt. Averil1, tbs mate, Georre
LtncolD, both OF Port Huron; archibald
6lmpson, Of Car a'ia West, and james San
detson, boy fifteen or eizteen years old, rhe
oniy survivor Of Ill on board Capt. Ave
1ill wife nnd three children were also On
board, and also his sister, The schooner Wss
t. 0 heavily lhaen, aud apprehensions were
felt tcr her safety when leaving port, From
the information derived from the boy San-
uersoD, the sandueky R:3tater gives the t3l-
loR Ing distressing particulars:
OD tbe approach OF the storm the Captain
attempted to make the mouth OF BLACK River
to escape Its fury. Falling In this, part Of
the dick lond vas thrown over, and much
more waahed OF. the lee zait being for aome
made 10 take In sail. but only NTH partial
success. She capsized about o'clock, all on
board seiug swept into the hell of waters,
For = time all were struggling together to
save IbemselVes and each Other. The Cap
tain's e'stef caught ths boom, while bis wife,
Of age, caught no support Efforts were
mRue to get PLANK for the women, bat in
WIN. ihe infant, only five months old, was
temporarily rescued and placed In the care OF
Simpson, but wus directly ~asaed away from
him, and was horne away by the wind and
1hs waves, and At last sHallowcd up In the
lake.
After very brief interval the achoorer
vent down, carrying all with her but the
Captain and the boz Sauderson, The 1atter,
BY swimming aaa catching hold OF the main
sail, reached the mainmaat and gained the
cruss-t1ess. He attempted to throw q rnpe
to the CAP tain, but It did lot reach him,
The Inst be saw Of him be Waa floating On the
batch6s towards shore. The wind hauled
found afterwards to the south, which would
probably carry him dorm the lake.
From little after O'Clock to seven, mas
ter sauderaon maintained bis hold on the
cross treca, about six feet from the water,
when be was taken off by the tug Aiax, Of
Cleyel&nd. The Ajax remained near until
dark, seeking to diacoyer othera Of tho un-
tortnnatfs, but in vain sho then ran into
Black River. and lett Saturday morning for
Potntau. Pelee The boy Sanderson went
Saturday to Elyris, and from thence to San
duEky. :
The Captains little hoy OF five year. Of age
YRS aeleep IN tho cabin, and vent down
Win Lne schooner.
The Mag flower was owned BY Mesars, a.
q u. Fish, Of Port Huron, and the Captain.
She vas new, coming out In June~lase, and
was making her nth trip. The Captains
friends, as we'll as slose OF his wife, are, we
are informed, OF Chtcsgo.
The Proposed German Loan to Our
llohs-
1t WIS deaired BY Secretary Fessendsn that
the proposal received from Hamburg for q
loan Of one thousand .ziIlions should be kept
quiet for time; bat as it has, notwithstand-
log been made public, there il no imp<oprio-
II in stating the facts. Tbs terms upon
Which 1t il proposed to make this loan ara
considered very advantageous, and 1t may
be stated that they meet with much favor
from the government. It Il proposed that
the loan shall be Tor ssventy-1lye ysar1, at m
interest Of three Fer cent. The payments
are to be made twenty-five per cent In coin,
ten per cent In United States currency, and
Eorenty per cent in outstanding obligations
Of the United 6eates. It Is proposed to dis
pose of the Who1e amount among the people |
of the Contint 1t OF Europe. on the princt-
pie of premium loans, the principle to be re-.
to the holders daring the last for
y A'N 1~AA@ ~ eAE EVAA4f Ill C4QAl Bemt-AR- II
suaa instruments, the government paying the
current interest, premiums and principal, |
ahich would require but fifty millions per
nnum during. the term OF the loau-seyen-
y-fve Jet1s. It has not jet been decided /
whether this loan ehall be accepted. It viii,
II course, require IN net Of fCongress to COM
'lete the matter, as twenty years bonds are
he longest that can be Issued uuder existing |
cts. There will be no difficulty in obtaining
he necessary 1egtslation should the lo1n bo
ccepted, ard its effecti upon tha finance Of
he country will. be immediately apparent, "a
Will at once create o demand for govern.
oent securities which will enhance their
aine, aud enable the Treasury to dispose Of
sufficient amount, upon advantageous
er1ns, to supply its necessities, It rili also
7ishdraW from circulation hundred of MIL
ola Of greenbacks, Which will, Of cou--e,
iDinish the difference In value between
uzfencT and geld Itmay be regarded Is
early certainty, that the proposition will
C accepted It is believed that 1t will re-
alt In IN early return to specie payments.