Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1839-10-03
NKw YonK. Sentemher 81.

NEW IOkkt september Zos
These are bine days in Wall street and its su-
burbs. The banks are strong enough, il is presu-
med, for their circulation is small, and the post
notes have used up about ell the active capital Of
depositors, so that they but little fear O suspension.
The merchants, however, are the sufferers. Usu-
! ry gnaws them up. The grinding exaction of 18
and "a per cent. per onnum sbsorbs rapidly the ca
pital Of staid men. They must be shared or fail,
and they submit, in preference, to the razor. The
wealth Of q man now avails him but little IL he has
monej to pay. He may have land, ships, houses,
and produce in abundance, but neither will COM
mand cash but at fearful sacrifices. Notes, no
matter how good, are not discounted at bank
This state Of things cannot long continue. There
must be, and soon, a let mp or a let dorm.
The amount Of specie which went out in the
Great Western on Saturday. as per Custom House
returns, was $685., 800. She had As passengers -
Her postage receipts were over 81 500. 1.-THE
rate Of exchange on London keeps up to ITO and
1l01, more specie will 60 out in the British Queen.
There is no stopping this tide in the present state
Of affairs. There is no reason to believe the rate
will Immediately go longer. In the mean time,
the West, and Southwest, and South must supply
New York with the specie. The rush from every
part Of the Union is here. The fall in cotton has
created a deficit on our foreign account, which
must be supplied through New York.
Governor SEWARD is in the city. The military
pbTnue tO-UOf1OWt huu nc tFicH e ~ Soht-
mander in chief.
New York, September "a.
There was a great fire here yesterday afternoon.
in which THREE CHURCHES and the NATIONAL
THEATRE were consumed. The FIRE took place in
the Theatre, the leading gas pipe under the stage
being left open, so that the gas accommodating was
kindled by the light kept under the stage, when an
explosion took place, and the Theatre Immediately,
with all the scenery, &c, was in a blaze. This
e.. krna,,r f,.tl xw.lsrt1,,a ..1t,r.na Il narnaa
and intense heat, soon kindled up other fires, and
ended in ID destroying three churches and eight other
buildings. The walls Of the churches are left, but
the interiors were consumed. The churches thus
burnt were the French Episcopal Church, the
Dutch Reformed Church, and the lions African
| Episcopal Church. On the theatre there was an
insurance in England Of $40, 1000 and in New York
SIS. 900. Mr.. WALLAcK paid $40, 900 rent per
annum. The amount Of property destroyed is over
$3.50, 900, perhaps $500, 900. Our insurance COM
papies own to the loss of about $50, 900.
The loss Of 40 many churches, and of such a the
atre, is fire extraordinary, atresting attention a lit
tie more than is customary. kean was to make
his appearance as Richard, and the boxes Of the
Theatre as well us the pit were all taken. 1t gives
a distant reader an idea Of the size and tumult of
our city to know that the first news many persons
had of this FIRE was as they came in full dress, in
their carriages, to the neighborbood Of the smoking
iu'io "hH LII tAItntotioh VI ottihB h'uH 10
ard.
The banks say they have over So, 000, coo of spe-
Gle in their vaults, the line Of circulation and of de-
posits being low, in which case they are impregna-
Bile.
NV YORK, September 25.
Business in the stock market has changed for the
better during the day. More was done on Change
than yesterday, and more than for some days pre-
vious.
The great fire on Monde, evening continues to
excite much interest. The loss of property will
amount to at least three hundred thousand dollars,
and probably exceed the sum. The insurance is
short of 800, 900. Upon the French Church, there
was $24,250; upon the African Church, So, 600
upon the Dutch Church, $40 500, and upon the
National Theatre. $27 500. Since the great fire
of December, 1885, there has been no one confa-
grafton in the city which has destroyed so much
property.
The Conservatives are making many effective
movements in the interior of this State. They are
holding preliminary conventions prior to n State
Convention. When Mr.. VAN buren, came here,
and unfolded the sub. Treasury flag in Castle Gar
den, they resolved upon a reorganization, and they
will give n good account Of themselves at the next
election.