Vessel #1 (V1) - A 1972, 24' homemade sloop ferro-concrete sailboat, sloop configuration
Vessel #2 (V2)   A 1974, 14'  Alumweld aluminum skiff motorboat powered by a 2.5 HP Gamefisher engine  

On 2/26/2013, at about 9:50 p.m., V1 began taking on excessive amounts of water at the Kingston boat ramp.  Operator2 reported thinking that V1 was sinking for sure so he attempted to tow it to deeper water with V2.  As V1 began to sink, it flipped V2 over putting Operator2 on board into the water.  Operator2 swam to shore.  V2 was secured and is in Operator2's possession.  V1 sank at depths unknown and has not been recovered. 

No fatalities. 
Operator2 was treated for hypothermia and released. 
Alcohol was not indicated as a factor. 
Vessel #1 was a total loss with a reported value of $950. 
Vessel # 2 had no reported damage. 
Operator2 was not wearing a PFD. 
Operator2 reported having his mandatory Boater Education card. 
There were no Rules of the Road operating violations.
Kingston