Shortly later though, a reorganization was triggered by the sinking of the steamship Home, which resulted in a buyout of the other partners’ shares of the New York by Charles Morgan and John Haggerty.

[2][3] Morgan dispatched the New York to the Gulf of Mexico, and when it arrived in New Orleans early in 1839, he placed it under the management of the agency, Bogart & Hawthorn.

[6] In a letter from November 1840, Mary Austin Holley provided some descriptions and characterizations of New York's cabin, such as the "luxurious couch" that prompted her to "think of nothing but Cleopatra."

New York continued running this route until being pulled back on 25 June 1841 due to diminished demand, but returned to service in the fall.

[3] In 1990, an unnamed amateur diver from Louisiana found the wreck of the New York using a fish-finding sonar machine, a LORAN navigational device, and data gathered from a wide network of Gulf shrimpers.

Archaeological dives sponsored by the Minerals Management Service (MMS) in 1997 and 1998 brought scientific expertise to bear on the site.

They discovered important engine parts, including the air pump, cam, condenser, and main piston cylinder.