The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-14

| cOnSlQerSQ III somewhat u StaLc OF uSspOnueHcy
while our strong hopes yet incline Us to think
that our chances will change before the next
change of the moon.
Premonitory Symptoms of another Re-
vulsiOn.
Previous to the great revulsion CT 1887, the
capitalists and fnanciers Of Wall street were
perfectly crazy in the erection of magnificent
private dwellings, splendid stables, out-houses,
greenhouses and greenhouses, and in the laying
out ofthe most costly pleasure gardens. after the
fashion ofthe nobility Of Europe. Beautiful carr-
ages OF the richest materials and the most elegant
workmanship, with liveried footmen, ard pranc-
ing steeds of purest blood, might be seen daily
before their doors, awaiting the gorgeously at
tired inmates, or perhaps whirling through
Broadway or the Fifth avenue, almost at the
speed Of a locomotive. .Sumptuous entertain
ments and balls were nightly given in the pa
laces of the merchant princes and men and
families, in that year Of expense and paper Gre
dit, went perfectly wild in their notions of ex-
travagance in houses. and horses, and equipages
and servants, and dress, and jewelry, and every
thing.
We now see strong symptoms of a similar
description beginning to develope themselves
all around. When we go up town we see splen-
did structures rising on every side. Let
us give a sample from our advertising
columns, where Will be found notice
OF the peremptory sale of two valuable lots of
ground, with foundations and stable thereon"
situated on the corner of Madison square and
Twenty-fourth street, and owned by Henry
Dwight, Esq, whose recent failure created SO
great sensation in business circles few days
since. A brief description Of this splendid man.
sion, as it will prove when completed, may not
be uninteresting to our readers
The lot on which the foundation now stands
is fifty-four feet front by one hundred deep, and
the house will be twenty-eight by seventy-six
feet. In its architecture it will resemble the
style known as the Palladian or modern Italian.
1t will be entirely constructed of very valua-
BILE species offreestone from the Pictou quarry,
Nova Scotia, sometimes called Pictou stone 1t
will consist of three stories-the first measuring
seventeen feet in the clear. The walls of the
superstructure will be hollow, the advantages
OF which will be readily perceived. The apart
ments are intended to be spacious and magnif-
cent in the extreme, and the drawingroom, if the
plans Of the architect are fully carried out, will
be surpassed in size by none in the city-dimen-
sions, twenty-six feet wide by forty-five deep.
To guard against fire, which usually originates
through the carelessness of domestics, the SER
wants staircase is surrounded by brick
walls, and composed entirely of iron,
from garnet to cellar, thus removing
all danger from that quarter. The first story
will consist of q spacious dining room. library,
conservatory, and billiard room. The upper
rooms, or sleeping apartments, are intended to
be unsurpassed, SO far as their architectural
proportions CO. for comfort and convenience.
The foundations are bound together at great
expense, with inverted arches, which secure, to-
gether with the hollow walls, the greatest pos.
sible amount Of strength and durability.
The stable, which we are informed is I'M
equalled by anything Of the kind in the city.
occupies the adjoining lot, which measures
twenty-five feet front, fifty feet rear, and ninety
eight and half in depth. Each stall has ac-
commodations for hay, grain and water, and
the occupant of each is elevated upon false
floor SO that all water is Immediately carried
off The interior is lined with red front brick,
and. like the dwelling house, its walls are laid
n cement. 1t forms q residence Of which any
quadruped. even OF the most sanguine expecta-
tions, might well be proud. The cost of the
entire establishment cannot, we are told, fall
short Of 100000 The building has been car
ried on under the direction of Mr.. Thomas c.
Smith, to whom we are indebted for these facts.
This is precisely the same thing that we wit
messed in 1887. We remember one case A
celebrated Spectator Of that day was in the
habit of riding down town from his palace to
the corner of Wall street. He always got out
opposite Trinity Church, and walked down the
street where he carried on his operations. On
one of these occasions he was met descending
from his beautiful vehicle, by an old friend, who
knew him when he was worth just five dollars
week. The friend exclaimed, " What splendid
horses and carriagc!" Yes, pretty fair" was
the reply. why, you must be very rich,"
rejoned the other. "Oh no." said the finan-
cier "not rich. I suppose I am worth about a
million and o half No, no, not rich" In two
or three weeks after, the revulsion came. This
epcculator was found not to be worth o penny.
His house, and horses and carriage, and oil
that he hac, were sold by auction. Here, now,
we sec the came brilliant, reckless career pur-
sued and can there be doubt that il will
terminate ere long, at the same goal of ruin,
and that the sound Of anotiet destructive crash
will soon be heard, which will shake Wall
! street to lis foundation, with uppertendom aud