The schr., 56 tons register, "Franlin Pierce", commanded by Capt. James OGILVIE, sank off Black Point Monday morn. She sailed from Spencer's Island Sunday night at midnight bound to this port from Parrsboro, N.S. with a cargo of coal. A story of the disaster was obatined by a 'Telegraph' reporter from the crew, who were at John MURRAY's residence, Anthony's Cove. When off Cape Spencer the "Pierce's" mainsail was carried away. The wind was from the southeast and blew a terrific force accompanied by a very heavy sea. With the mainsail gone, the vessel would not work properly and shortly afterwards the sea swept over her stern and into the cabin. She rapidly filled and her crew, consisting of three men, jumped into the rigging and waved for the "Merriam", which was still near the "Pierce", to heave to and take them off. She was unable to do so and about 10 o'clock, the "Pierce" went down stern first, Capt. Ogilvie and the cook, Daniel McCOLL, had clambered into the boat which they had cut adrift, but the mate Arthur OGILVIE, remained on board. His companions waited for him in the boat which was towing astern and as the schooner gave a deep plunge in her last struggle for life, the water poured into the boat. The schooner went down stern first and in a few minutes only a part of her mast could be seen above the surface. The three men were scantily attired and in the cold suffered teribly. When they did approach the shore the difficulty was to find a landing. Men on shore made every effort to direct them and finally succeeded in grounding the boat in Anthony's Cove, over a mile and a half from where the vessel went down. (see original)