LLANDUDNO, CARNARVONSHIRE.—At 4 o'clock in the afternoon on the 12th February, a message was received from the Orme's Head Light House that a schooner was displaying signals of distress about three miles off in a northwesterly direction. In a very short time the Life-boat Theodore Price was launched and on her way to the vessel, which was the schooner Progress, of Wicklow, laden with coal. A gale from S.W. was blowing, with a rough sea; when the Life-boat reached the schooner she found two steamers were standing by, and that the crew in one of the ship's boats had got safely on board one of the vessels bound for Llandulas. The Life-boatmen havingmade an offer to land them, which they declined, then made an effort to salve the vessel; they succeeded in beaching her near Abergele, thus taking her out of the track of vessels going in and out of Liverpool, but they were unable to save her..