Drainage of the peat banks proved difficult to implement, coming to a disastrous conclusion in June 1886, with another peat slip occurring.  This one was worse than the first, as a stream of liquefied peat ‘over a hundred yards in width and four or five feet deep’ flowed through the town and into the harbour.  Luckily it was stormy night, keeping most people inside their homes, but tragically a small boy and an old man were lost in the quagmire.  Much damage was also done to property, including the Exchange Building, which had to be demolished as a result.