Last week, a telegram was received from Capt. HUNT announcing the death by drowning of James GIBSON, mate of schr. "Eliza Frances". It appears from a letter since received that it was blowing a stiff breeze and while in the act of easing the fore sheet, near Portland, the rope caught his legs and pulled him overboard. The vessel was immediately brought about and a boat lowered, but we regret to add that Mr. GIBSON sank before assistance could reach him. - 'Standard'