In 1869, a severe November storm drove the schooner Racer onto the rocks at Hammond Bay. Fully loaded with iron ore, the vessel could not free itself and quickly broke apart, eventually settling in 11 feet of water. The 130-foot schooner, which could carry 260 tons of cargo, is now easily accessible to divers, snorkelers, and paddlers. Its lower bilge remains intact from stem to stem, with keelsons, the centerboard pocket piece, mast steps, ceiling planking, and part of a built-in wooden arch still in place. The bilge, partly covered with iron ore, is oriented with its bow toward shore. A large section of the port side remains beside the bilge, and a section of the starboard side lies several hundred feet north of the main wreckage.