Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-07-15
The Purchase OF the Observation-Disclosures
of the Arrangement.--Its future disposition
md thereon.

he formerly belonged, and has been endeavorng to
establish new church, or a new religion, on an
entirely new plan, drafted and modelled entirely by
himself. So far did he carry his project, and so
sangune he Of its that he actually call
ed a meeting at the Stuyvesant Institute about
year since, made violent speech against pretty
much all existing denominations OF christians and
clergymen, said that the system of religious intoe-
rance as practised amongst at the present day,
was more terrible than any other kind of tyranny
known in the world and that rather than endure it,
he would prefer being stopt on the highway and
robbed ofhii money and his watch.
Notwithstanding all David's eloquence and fervor,
however his meeting was failure. No
sponded his proposals, one stepped forward to
write down their name as converts his new reli-
zion as he requested, and the whole affair fell
through for that time David, however, did not
sc give up the ship" in that way He was not to be
discouraged so easily. 1t is true that he made
stir in public for time, but still he was not idle,
as the sequel will show. From some cause other
and BY of some cret agencies which have not
pired the large building known the Taberna
Gle in Broadway, suddenly brought to the ham
mer and sold week two since for about $s3j 600
To the astonshment of every body, the purchaser
was the Rev. David Hale. About week after
wards he published paragr' phi in his paper calling
on the public to attend meeting at the Tabernacle,
to hear statement OF the whole affair, and to make
arrangements for the future disposition Of the build
ing.
Accordingly, few evenings since the low base
ment room Of the Tabernacle was lighted up about
seven o'clock and in the course Of hour, about
40 persons of various grades and ages, entered and
took their seats, look ng remarkably shy and suspi
cious Of and at each other. little before eight
- apdfo nv he dc
of large pillar. Soon after this; two fat negro
wenches entered and took their seats by the side of
another pillar. Then six seven boys dropt in,
and sat down then about dozen clerks came stray
cling in and then three four abolitonists, and
then there was awful pause for nearly ten minutes
| which was only broken in upon by the entry OF a
book seller, pretty white girls, one black boy,
| dancing master, and play actor
Then there was another awfully dead pause for at
least five minutes longer, which was broken in upon
by nothing save aa occasional cough or blowing of
nose or a chem from David TO keep up his
rage as schoolboys whistle when walking through a
churchyard at night At last after drawing out his
neck from behind the big pillar, to if there
any more persons coming, he slowly raised his tall
form above the level of those around him, and ex-
claimed in soporous conventicle tone Of voice,
81 move that Mr.. Roberts take the chair" This
caused a dead silence. David then went on" All
you in favor of that will say aye, 1.-TWO responded)
! contrary no-carred." A good-natured fat, jolly
looking gentleman, with bald head, got up from a
beach and took seat in a chair behind the big pill
lar. David again rose, and said, Z" move MIR. War
riner be secretary" And Mr.. Warmer was ac-
cordingly made secretary. Then there another
awful pause, during which the president and
tary played with couple of pens before them. At
last David rose and said, IS II the gentlomen will
move close TO the chair, there'd be occasion for
any of us to talk so loud On this all but the negro
wenches rose and moved close to the chair, and the
two white girls walked out.
| David then rose again and said" Mr.. Chairman,
| l called this meeting, sir, to explain the way In
which bought this building, and TO try some plan
for keeping II sacred TO the use Of the Christian
community. Iexpected to see more people present,
| sir but we must do the best we can. OF course |
| knew W hat we have got to do tonight, and was
not so modest sir, as not ts come here with some
plan in my pocket for regulating proceedings.
The original cost Of this building e67 900, and
| bought it for SIS, S63 "a, besides mortgage of
| So, 800 which there IS still on it. OF this sum,
$500 so must be paid in cash, on the 18th Of this
month (Juy) The remaining $4,000 shall pro-
| vide for by giving my bonds or notes, TO be paid
in quarterly payments the first payment to be made
next December. Now, my object in calling this
meeting. is to let you know that ] want to borrow
this 50 800 between this and the 18th instant, when
il must be paid. For this am ready to give my
IL
must be had at any rate and that in a few DAYS. III
il isn't convenient for gentlemen to paw the money
down, ifthey give me their notes, at 90 or 9Jday
I'll get them discounted at the banks there's plenty
of money there. The security which should give
on the building is first rate. The ground on which
the building stands leased at the ground rent OF
5000 this with the interest OF the whole pur
chase money (S2,l05) and the gas and insurance
taxes and other expenses, make the yearly outlay
amount to 095 ID. The income last year from
of basement rooms, pews, buildings &c. amounted
10 @i,512 %. Part Of the ground is owned and for
this the mortgage for 5000 given. The two
| houses on Broadway stand on part of the ground:
there loss Of 500 in the letting of them last
year; this guard against for the future: and
this 500 added To il7 % ovcrplus Of income over
expenditure last year, leaves profit OF 81 III ~
| yearly; and may increase this to $500 yearlt
| by increase Of pew rents. Here then have
| $500 every year (after paying all the expenses Of
the church) TO lay by as sinking fund L. lquidate
| the S. 900 paid for it.
| Besides this, we have the use Of the building
for church for public worship, free Of any
charge; and then, also, have the whole prope
! of the pews, which may be sold for $50 600. And
the pews, in most instances generally constitute the
| entire property Of church. Thus Won see that the
purchase Of the building is a good speculation, al
| though il was not bought as a speculation. There
! is abundant proof that the property will paw both
principal and interest. And IL gentlemen will lend
me tue $500 to pay on the 18th, viii give them a
mortgage on the building"
Here gentleman and said, els there no
other incumbranee on the buillingl"
/ This brought up Lewis Tsppan, Who said, 'rheie
was a previous mortgage of $500 be ore that Of
Green's, under which the building va, sold The
l I oil ho IaI for