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==Maritime rulings== Following the sinking, ''Lady Elgin's'' owner, [[Gurdon Saltonstall Hubbard]], received a $12,000{{efn|{{inflation|US|12000|1860|fmt=eq}}{{inflation/fn|US}}}} payment from his [[insurance]] company, but neither he nor the insurance company accepted abandonment of the ship. The captain of ''Augusta'', Darius Malott, was arrested and tried in Chicago, but found not guilty of navigational negligence. A coroner's jury declared his second-mate, Mr. Budge, to be incompetent, and his crew to be of principal blame.<ref name="NYT-25th">{{Cite news |date=25 September 1860 |title=The Lady Elgin Disaster. Finding of the Coroner's Jury A Divided Verdict Both Vessels Censured |url=https://www.nytimes.com/1860/09/25/archives/the-lady-elgin-disaster-finding-of-the-coroners-jury-a-divided.html |access-date=17 March 2021 |work=The New York Times |archive-date=July 14, 2021 |archive-url=https://web.archive.org/web/20210714214038/https://www.nytimes.com/1860/09/25/archives/the-lady-elgin-disaster-finding-of-the-coroners-jury-a-divided.html |url-status=live }}</ref> However, Professor Mason and Lieutenant Bartlett asserted that a principal cause of the collision was the lack of a $15 lantern on the Augusta.<ref>Polytechnic Association of the American Institute, Scientific American, New Series, Vol 3, Issue 14, p. 214.(September 29, 1860)</ref> Steamboat historian Peter Charlebois noted that, after the investigation, Captain Malott and ''Lady Elgin's'' crew and owners were absolved of any blame. He reported: <blockquote>The judgement was based on a law that not only gave sail the right of way over steam, but did not require sailing vessels to carry running lights. Apparently ''Augusta'' had sighted the passenger steamer twenty minutes before the collision but in the rain had misjudged the distance between them. Four years after the disaster, in 1864, a new ruling was made requiring sailing vessels to carry running lights. Since there were still nearly 1,900 ships under sail by 1870 the regulations were long overdue.<ref name="Sternwheelers & Sidewheelers" /> </blockquote>
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