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Steamer burned. --Loss of Life.--The propeller Cataract, from Cleveland to Dunkirs owned by Frank Pereed, of Buffalo, loaded with flour tobacco alcohol, &., was burned off Erie on Saturday afternoon. The boat and cargo are a total loss. Four persons are known to be drowned by the swamping of a small boat namely: John Horrigan, watch man; Hugh Kilpatrick. wheelsman; John Posey and C. H. Guenns, deck hands.