“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. The nucleus of a steamboat company has been formed, and it is proposed to own, among our own people, a permanent means of communication with the main. This company, although having but a small capital, at present, has a strong body within which can be obtained ample means for greater efforts in future, should larger investments be deemed advisable, and, as we understand this matter, the purchase of a small boat, adapted to our present necessity, is but a temporary thing, and should the increase of business and consequent travel bring greater demand, a larger boat will be obtained. This company embraces people from each of the towns, and Ira Darrow, Esq., and Capt. Grafton N. Collins have been chosen as the board of directors from this town. The whole people are to be interested, the shares being so divided as that each one may take hold, and directed by such gentlemen, of well known ability, as the above named, we augur this as the initiatory step to the increased business prosperity of Martha’s Vineyard.