Daily American organ., 1856-02-15
Correspondence.
New York, Feb. Is, Is

NEW YORK, Feb. Is, 1856.
About year ago it was understood that the pro-
perty known as the Brick Church, DR.. Springs
had been purchased by the government for the
post office but that matter is now agtated again
it is evident that no arrangement has been made.
The situation is an admirable one for the post Office
being central and in the vicinity of large portion
of our business men. The property is supposed to
be worth about $35O,000. A building could be
put up on this ground which would accommo-
date besides the post Office, the United States
Courts, United States Marshal and District Attor-
ney, instead of the miserable shantes at present
occupied by them, which are a disgrace to Uncle
Sam.
have an Invitation before me to attend the
launching of the steam frigate Niagara, but as the
severely cold weather continues, thus filling the
East river with ice, no day has been fixed for the
undertaking, although it was stated few days
since that she would be launched on the 22d
About one thousand men were at work in Broad.
way yesterday, digging up the ice, which, on an
average, was about eighteen inches thick. Climb
| ing the White Mountains would be an easy task
for horse compared with travel in this street at
present. No less than eleven wrecks of vehicles
were to be seen at one time yesterday When
this " icy term" is to terminate no one can tell,
for at this present writing the cold Is intense.
The hotel movement is still up-townward. The
Irving, which few years since was the hotel, is to
be closed on the first of May, and the building
converted into stores. Mr.. Burroughs, the pro-
prietor, is to open the La Fargo House, in the
spring, which is now being fitted up in a regal
manner, and will be among the 6rst-cass hotels of
the city. This house is situated between the Me-
tropolitan and New York Hotels, and very conve-
niently located
The late news from Europe being considered
favorable to a speedy termination Of the war in
the East has had its effects in Wall street. and our
moneyed men have been very active since the arri-
val Of the Persia. The transactions in stocks have
been very large, and the prices have tended up
ward in all descriptions of securities Should the
news by the next steamer be of similar import, we
may expect further rise in the stock market.
Much foreign capital is seeking investment in this
country, which causes money to be very plenty,
and as a consequence everything is going up, real
estate rapidly advancing. There is more than one
in this city who believe the Gar is playing opos-
sum, and is only man9uvring to gain time, in
order to get his soldiers in better fighting trim !;
but the general impression is that the war is near
at an end. Let US hope it may turn out 10 be
true.
Our Common Council are at work again, trying
TO make improvements in the city charter each
Board having reported different bills, neither Of
which is likely to prove Of any advantage to our
city.
The pews in the aZebra church REV Dr. Bel
lows) were sold at auction in the church on Mon
day last, and the premiums paid for choice amount
ed to near $4,000 Moses H. GrinnelI was the