The Thesis was built by McIlwaine, Lewis & Co of Belfast and launched in January 1887. She was an iron steamship, dimensions 167.0' x 25.0' x 11.7'. The Thesis was en route from Middlesborough to Belfast with a cargo of pig iron in October 1889. Having sailed north around Scotland, Captain Wallace took a route close to the mainland through the Sound of Mull. Contemporary reports are somewhat vague on the details of her sinking, however it is likely that just before midnight on Tuesday 15th October, she struck the small island of Eilean Rubha an Ridire at the south end of the Sound of Mull. It was quickly clear that she was doomed to sink and become a total loss. Her eleven man crew made it safely to shore, but the Thesis sank four hours later near the Morven shore at Rubha an Ridire.