valued at $10,000, fully covered by insurance.  The log shows plenty of fine weather, with light airs, calms, and squalls.  In lat. 28 N., long. 177 W., his water going rotten, and misled by Hoyt’s North Pacific Directory, which informed him there was a coaling station on the island, Captain Trent put in to Midway Island.  He found it a literal sandbank, surrounded by a coral reef mostly submerged.  Birds were very plenty, there was good fish in the lagoon, but no firewood; and the water, which could be obtained by digging, brackish.  He found good holding-ground off the north end of the larger bank in fifteen fathoms water; bottom sandy, with coral patches.  Here he was detained seven days by a calm, the crew suffering severely from the water, which was gone quite bad; and it was only on the evening of the 12th, that a little wind sprang up, coming puffy out of N.N.E.  Late as it was, Captain Trent immediately weighed anchor and attempted to get out.  While the vessel was beating up to the passage, the wind took a sudden lull, and then veered squally into N. and even N.N.W., driving the brig ashore on the sand at about twenty minutes before six o’clock.  John Wallen, a native of Finland, and Charles Holdorsen, a native of Sweden, were drowned alongside, in attempting to lower a boat, neither being able to swim, the squall very dark, and the noise of the breakers drowning everything.  At the same time John Brown, another of the crew, had his arm broken by the falls.  Captain Trent further informed the OCCIDENTAL reporter, that the brig struck heavily at first bows on, he supposes upon coral; that she then drove over the obstacle, and now lies in sand, much down by the head and with a list to starboard.  In the first collision she must have sustained some damage, as she was making water forward.  The rice will probably be all destroyed:  but the more valuable part of the cargo is fortunately in the afterhold.  Captain Trent was preparing his long-boat for sea, when the providential arrival of the Tempest, pursuant to Admiralty orders to call at islands in her course for castaways, saved the gallant captain from all further danger.  It is scarcely necessary to add that both the officers and men of the unfortunate vessel speak in high terms of the kindness they received on board the man-of-war.  We print a list of the survivors:  Jacob Trent, master, of Hull, England; Elias Goddedaal, mate, native of Christiansand, Sweden; Ah Wing, cook, native of Sana, China; John Brown, native of Glasgow, Scotland; John Hardy, native of London, England.  The Flying Scud is ten years old, and this morning will be sold as she stands, by order of Lloyd’s agent, at public auction for the benefit of the underwriters.  The auction will take place in the Merchants’ Exchange at ten o’clock.

“Farther Particulars.—­Later in the afternoon the OCCIDENTAL reporter found Lieutenant Sebright, first officer of H.B.M.S.  Tempest, at the Palace Hotel.  The gallant officer was somewhat pressed for time, but confirmed the account given by Captain Trent in all particulars.  He added that the Flying Scud is in an excellent berth, and except in the highly improbable event of a heavy N.W. gale, might last until next winter.”