The Schooner City of Toronto Ashore. - At about half past 11 o'clock last night the alarm bell sounded the schooner City of Toronto, Capt. George Goulding, being in distress. She left Toronto yesterday morning at five o'clock under good sail with a moderate breeze from the west. Soon after, she encountered a gale, and gallantly rode till her tiller was broken off close to the rudder head. She was then comparatively at the mercy of the waves, and when within fifty yards of the entrance to the harbor, cast anchor, that holding but about fifteen minutes, when she drifted and struck the West Pier, broadside.
The cries of the crew attracted the attention of persons on shore, who immediately proceeded with the life boat to rescue them. Three of the seamen were thus brought on shore, while the Captain and one other reached it by way of the pier, no lives being lost. The sea was running very high, the waves dashing wildly over her and it hardly seemed possible for her to stand till morning, but she is laying so high now as to be moved but little, and the probability is she will yet be saved. Her cargo consisted of 4,795 bushels of wheat for Penfield, Lyon & Co., 630 barrels of flour consigned to T.C. Guy, together with 1,427 bushel of peas and 23 barrels of oatmeal. The vessel is insured in the Buffalo Mutual.