The new steamer Nantucket is about completed, and will come on the route about the 22nd of the present month. Capt. Charles C. Smith, of the steamer Monohansett, will bring her from the place of building and command her.

The new New Bedford, Martha’s Vineyard & Nantucket Steamboat Company consolidated from the New Bedford, Vineyard & Nantucket and the Nantucket & Cape Cod Steamboat Companies, was organized in New Bedford Thursday, 25th ult.

The new steamboat just built for the New Bedford and Vineyard Steamboat Company arrived here Monday night on her first trip, having made excellent time. The “steamboat committee” were out in full force to welcome the new boat, and a strong force from the village generally, - the “excursion committee,” we’ll call them - assisted the regular detail in their daily arduous duty.

Our little boat has now been performing duty upon her route for one week, and we can confidently state that the public, generally, are satisfied with her accommodations. Although a “little boat,” and, perhaps will be many times during two months of the coming season over-burdened, yet taken throughout all the year, for all practical purposes, she will be found to be a “love of a boat.” Her commander, Capt. John L. Gibbs, pronounces her to be a good seaboat, and one that will do good service for the Vineyard people.

“There is a point beyond which forbearance ceases to be a virtue,” and we think the people of Martha’s Vineyard have, long since, exceeded that point. To be sure you have cursed yourselves; you have waited patiently for “something to turn up,” until your patience has become supineness, and you have no one to blame but yourselves. But the Vineyard has just began to awaken from this morbid state, and has put forth a hand to help itself. One of the best efforts ever made upon this island has just been put into effective operation.

This new and superior steamer arrived at this port on her first trip from New Bedford, on Saturday last. Our old and much esteemed friend, Capt. Cromwell, who commands her, is greatly pleased with her, in every respect and thinks her a better boat than was the Eagle’s Wing. We hope to see her well patronized. Since the old boat was burned, the Vineyard people have suffered much for want of a regular communication with the main land.

We regret to announce the almost total loss of this splendid and favorite steamer by fire. She left here for New Bedford on Wednesday, the 24^th ult., and made a fine passage to that port. Shortly after arriving there, she steamed up for Providence, with the intention of making an excursion from that city. She had proceeded to within five miles of Providence, when she was discovered to be on fire in the vicinity of the steam-chimney on the promenade deck.

The Steamer Eagle's Wing, Capt. Benj. C. Cromwell, now makes four trips per week to New Bedford, instead of three as heretofore. On Monday, she leaves Edgartown at a quarter to 7 o'clock, A.M., and returns the same day, leaving New Bedford at 2 P.M. She leaves again on Tuesday, at the same hour, and returns on Wednesday, leaving New Bedford at 11 o'clock, A.M. She again leaves for New Bedford, on Thursday, and returns on Friday, and finishes up her work for the week by going and returning on Saturday, at the same hours as on Monday.

The new and beautiful steamer Metacomet, which is to ply between this place and Fairhaven, arrived here, on her first trip, Thursday afternoon. As the Metacomet rounded the East Chop, a cannon was fired as a signal of her approach; and as she entered our harbor, a salute of fifty guns, and the hearty cheers of our people, welcomed her arrival among us.

We are informed that at a meeting composed of the Directors of N. B. & T. B. R. R., together with the officers of the Boston & Providence Rail Road, and some influential capitalists of this and other cities, it was resolved to order the building of a first-class steamboat of 360 tons buthen, to ply between this city and Nantucket. As the Massachusetts is to be placed on the route between Nantucket and Hyannis, an arrangement like this is rendered absolutely necessary to supply the wants of the traveling public, as well as our business men who have relations with the Island.