PS Washington Irving - Aftermath

Aftermath

Washington Irving had sunk on top of the New York-New Jersey vehicular tube complicating its removal. The wreck became a menace to navigation and was struck at 3am on 16 June by a railroad car float. Washington Irving was raised on 13 February 1927 and towed to a dry dock to determine whether its condition warranted repair. In March, Washington Irving was determined to be a total loss and a bond was issued to refinance the company's debt and to provide financing for its replacement, the Peter Stuyvesant. The Peter Stuyvesant was originally estimated to cost $700,000, but when the boat was completed in June, the final cost was closer to $1,000,000.

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