A distressing catastrophe occurred off the Lancashire coast early on Friday. It seems that during the gale which raged on Thursday a large barque, the Mexico, of Hamburg, from Liverpool to Guayaquil, was seeen to be at anchor in a dangerous position off Ainsdale. During the evening she dragged her anchors, and drove on the beach. The Southport lifeboat, Eliza Fernley, was launched about 11 o'clock, and manned by a crew of 16 hands, pulled gallantly through the raging sea in the direction of the wreck, which could be plainly seen by the lights of her signals. Two of her masts were gone, and her crew, lashed to various parts of the vessel, were shouting wildly for help. After a fierce battle with the wind and sea, the lifeboat was seen to get within about 20 yards of the wreck, and her success seemed assured. Just at this moment she fell off with the force of the wind, and before she could be brought up again a terrific sea struck her, and she was capsized, all the crew being thrown into the water. Instead of righting herself, as she ought to have done, she remained bottom upwards, and was blown onto the beach. Three of the crew managed to get hold of the upturned boat and drifted ashore with her in safety; but the other 13 were drowned, three of the bodies being found entangled under the boat when she touched the beach. The remaining ten bodies were washed ashore during the course of Friday morning. Of the 13 deceased 10 were married, and many of them have large families. The men saved were Henry Robinson, John Jackson, and John Ball. The last-named died on Friday night in the infirmary, thus making 14 deaths. The story of the disaster is told by John Jackson, one of the survivors, who resides in West-street, Southport.