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The Cork Examiner, 3 October 1863
THE SEBASTIAN CABOT
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Captain Josiah CAVE, of the screw steamer European had the
good fortune to fall in, on Saturday evening off Waterford harbour,
with the Sebastian Cabot, on which so high an insurance as
70 per cent. had been paid, and in search of which no fewer than
twelve steamers (three of them men-of-war) have for some time
been. Three of the steamers had had her in tow, but were obliged
to cast her off. Captain Cave, however, more successful, took her
safely into Waterford. She was bound from London to Bombay,
with a general cargo valued at £80,000.
This is the second occasion on which, within two years, Captain
CAVE, who is the son of our fellow citizen, Mr. John Cave, has
been successful in the unexpected rescue of vessels and cargoes
of great value. The former, in November twelve-month, was that of
the Mary Stenhouse, the property of Messrs. Baines, of Liverpool,
and bound to the same destination. She and her cargo were
valued at £130,000. She had lost all her masts, her mate was
killed, and six of her crew (28 in number) disabled by their falling.