Shipwreck on Lake Ontario. - During a severe gale on the lake on the night of the 8th inst. the fine schooner Prescott, with 5,000 bushels of wheat and a crew of five men besides the captain and four or five passengers, was driven on the bar in York bay, the sea making a clear breach over her.
Three of the passengers were frozen to death - the remainder of the passengers and crew were rescued from the shrouds and mast-hed, where they had retreated, by Capt. Richardson of the steamboat Canada, all more or less frozen and some of them so severely, as to leave very slight hopes for their recovery.