Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1835-12-24


days paper for full accounts of the late disas'
trous fire in that ill-fated city, as published
in the Commercial Advertiser and Star, the
evening after the fire. The following addi-
tonal particulars, we extract from the New
York papers Of Saturday evening.
The whole of the 81 blocks of stores in
cudcd in the triangular space between Wail
street. Broad. street, and the East River, Is
one vast heap ofruins. The fire did not cross
either Wall or Broad streets. Hanover
Square, whose merchants were princes Is
now more desolate than Tyre. Twenty two
out of the twenty six Insurance Companies
are bankrupt. A great portion OF the actual
loss will fall on Lyons and other French ma
nufacturers, OH account OF goods consigned.
The devastation by this fire, is supposed
to be greater than has occurred, by accident,
since the great fire in London, 1866, which
destroyed property to the amount OF GlO,OCo,-
600. The London fire of 1894 was not so
destructive as the late fire at New York.
The loss by both war and fire at Moscow was
not over 32l 100000 rubles.
The N. Y. Sun says-"Tbe public mind Is
still in the highest state OF excitement, and
will attend to nothing else-ask for nothing,
but what relates to the Great ConfIagratlon.
The only matters that concern us IN New
York are-what is the extent OF our calamity!
who are the deepest sufferers? what Is the
best promptcst, and most efficient method OF
recovering from this desOlaton?
AS to the remedy for the present evil, 1t Is
most probable that the City Government
would be the most efficient in devlslng it,
To revive the commercial community, now
A. Ia.z kanI a
mcnt within sirty days of their several poll
cies by Insurance Companies. This cannot
be done without a vast and fatal sacrifice oi
the securities, bonds, and mortgages held by
these companies. The action of Congress
or ofa legislature, is too distant and too slow
Why then in the emergency cannot the Cor
poration at once act? Let them raise loan
of fpe or sir millions, reimbursable in five or
ten years OH the credit of the city. Such q
loan can be negotiated in month at or 8
per cent premium. Then let the Corporation
loan the Insurance Companies the proceeds
on their securities being pledged for the a.
mount.
Important to the City.-.4rriral Of Nicholas
Biddle.-Since the above was written, we
learn that Nicholas Biddle, Esq. the enlight-
ened and liberal President of the u. S. Bank,
has arrived in town for the purpose of extend
ing all the relief which that institution can
afford. On the first account of the conflag-
ration reaching Philadelphia, Mr.. Biddle con-
vened the Directors, who all came promptly
10 this generous decision. If the u. S. Gov
ernment is generous enough to loan the Cor
poration, or to the Insurance Companies, their
seven millions of U. s. Bank stock, we are
assured that the United States Bank will add
three millions more on commercial security,
for as long period as the charter will permit
Mr.. Bddle is at Bunker's Hotel, and will
meet the various committees of bankers, mer-
chants and sufferers to day. With this aid
in one year the city can be rebuilt.
Il A meeting of the Presidents of the Banks
of New York was held yesterday forenoon al
the Bank of New York, at which it was
unanimously resolved to extend every posi-
BILE fac ity to the merchants and traders, ant
the public generally, in the present emergen
cy.
The N. York Journal of Commerce of Fri
! day morning, mentions that nearly three hun
dred thieves have been arrested and propert,
to the amount Of $4,000 recovered from
them.
The following is said to be correct esti
mate of the number of buildings destroyed
Wall street 25; Pear, street 20; South stree
81; Water street 76; Front street 50; Hano
yer street. 16; Exchange place, 62; Exchang
street, 81; William street, IA; Old slip, g
Coentis slip, l6; Stone street, 60; Hanove
square, 13; Beaver street, %; Governeur'
F lane, 20; Jones's lane, 10; Guyler's alley, q
Mill street, 38-total GA.
SOME INDIVIDUAL Boorman
Johnston are sufferers in dry goods, &c. $3.50
000-insurance not known. Still good.
II Osborne u Young lost the Paris cargo {
teas, just arrived from Canton, 100000. o
consignment in store, as much more-proba
bly, $500, ,0C0-all covered.
Moses Taylor, South street, lost in coffe,
sugar, &c. 100000. Insured.
H Howland & Aspinwall, about $4,000
small part of their property. They have sic
nifed their intention to discount all their p,
per now out.
II Goothue q Co. who are not sufferers, ais
propose to discount their floating paper
bank interest.
Tappan Il Co. have saved the best part
insured 100000 in Boston.
, L.S A. Brown, importers of Irish linen
Merchant st. lost $4,000.
,, William Redmond, importer Of linen al
British dry goods in Merchant street, lo
100000.
II Hyslop g. Son lost $4,000.
MIR. Stephen Whitney had just built
stores at an expense Of $4,000 each-a
were levelled with the ground, and no insu
ance.
GFThe loss sustained BY this fire is n,
confined to that city. The Transcript say
the Insurance Offices in Boston, lose froI
100000 SI2O,0OO The Manufacture
office lose 100000. the Franklin, s20, 90,
Merchants S12, 600, National $40 200, Ame
icsn not ascertaincd, probably 5000.
III The Merrimack manufacturing Cotnran,
at Lowell, lose $25O0O Hamilton sl5.C0
Salisbury s65,O00, Appleton, $4,000, Yor
Main $1,000.