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Loss of the schooner Prince of Wales.

--Intelligence has been received at Charleston, S. C., that the fine schooner Prince of Wales, Capt. Adair, from Nassau, bound to a Confederate port, was chased ashore near Georgetown, S. C., on the 24th instant, by a Lincoln cruiser. She was afterwards fired by the Captain to prevent her falling into the hands of the Yankees. Her cargo consisted of 1,000 sacks of salt and sundries.

Georgetown, S. C., Dec. 24, 1861.
Messrs. John Fraser & Co.--Gentlemen:
--This will inform you that on making the port of Georgetown, S. C., the Prince of Wales was chased by a Yankee man-of-war and fired into, the shot taking effect on the hull, without injuring any one. I was then compelled to put the vessel ashore, and run her on North Insist. The launches of the cruiser were then dispatched after me, when I set fire to the schooner to prevent her falling into their hands. This happened this morning about half-past 7 o'clock.

Further particulars will be furnished when I reach Charleston.

Respectfully yours,

W. F. Adain.

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