The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-16

me insnrapcs companies This cannon De done without
and fatal sasriAce OF the securities, bonds and
mortgages held BY these companies The action Of Con-
Why them in the emergency cannot the Corporation 1t
once acsq Let them raise loan OF five or ten millions,
yeimbursable IN hve or ten years. the credit OF the
city. Such loan be negotiated in month at five
per cont premium Then let the Corporation loan
the the proceeds on their securities
being pledged for the amount.
BY this measure we could at once get the commercial
community on their legs and thus us the degrade
oon OF being the Suppcants at the door OF q caous
Congress or an unfeeng Legislature The credit OF the
great city Is competent for twenty millions Let her put
forth her hand and she easily raise i've millions, and
thus stay the fatal injuries that may spring from the
ng ntermnable tongues Of Legislative bodies that can
g httle but talk-talktalk We have no faith in the
action or pr0mptitude Of such. &a
IMPORTANT TO THE cI7Y--ARRryAL OF NICHOLAS
BIDDLE. h
Since the above was written we learn that Nicholas
1iddle Esq the enlightened and liberal President Of the
Huited States Bank has arrived In town for the purpose
Of extending all the relief which that institution ar
Paadepha, NJ Biddie convened the directors who al
came promptly to this generous decision II the United
Sa.es y generous enough 70 loan to the
that the United States Bank win add three millions
charter viii permit Mr. BddIe is at Bunksrs Hotel,
and will meet the various committees OF bankers iner
chants and sufferers to-day. With this aid year
the city can be rebuilt
THE LATEST ESTIMATE or THE LOSS.
II il now estimated that the commercial loss will be
much smaller than at first supposed. Agreat many Of
the merchants were insured on open policies Take
sampie-one merchant insured for $600 00 yet he
had not $4,000 in his store. In consequence Of
cover the commercial loss TO the extent Of sevent6ve
or eighty, or even ninety per cent Aithe insurance
~u' ~ hs
credit Of the city, therefore, will not be much injured
at dt supposed but there s one thing 70 be remem
bered-the whole city In ut this moment without insur
uuce except what may be effected abroad. Hence the
souble necessity Of wstchfulness.
The worst Of this calamity falls upon the old respect:
able fAmlies widows orphans aged persons, who had
invested all their property in insurance stocks The
extent Of the calamity among this class Of society is in
caculabe. Many of most respectable families out
of the direct reach OF the devourng element thus
the heaviest sufferers. Persons living in moderate cir
vested in insurance stock in the vale of life cut off
without shilling 10 bless them withal Widows brought
up in the lap OF wealth. with daughters neces depend
ont them for support at once reduced 10 penury
and wretchedness We have heard of many Ismen,eb!e
eases Of this kind.
SOME INDIVIDUAL LOSSES.
We have learned the following Particulars Boorman
johnson sufferers in dry goods &C, $3.50 900; in
susancs not known. Still good.
Osbore Young lost the Paris cargo Of teas just ar
yived from Canton 5000 600; on consignment IL store
y much more probably $500, ooo,; all covered.
1SO0, GEO. Insured
Rowland \ Aspnwali about $50, ooo-a small part of
eher property They have sgnihed their intention 70
discount all their paper now out-a most liberal oner
G0odhue b Co., who are not sufferers also propose to
9a0oount vnclf uOatlnH paper AZ Dauk interest.
Tappan Go. have saved the best part Insured
$4,000 In Boston. ~
The Pearl iobbers in good spirits apd paying
eheir notes without trouble.
The French houses in Pearl street very heavy suf
ssrsfa, Lyons In France especially; probably five mil
N0ng--eQuai to the amount Of the indemnify.
The awful calamity which has fallen upon city, in
- first burst upon the observer presents houses in rains
s
thrown out Of enpIoymont, wandering about like the
spirits OF the Dead around Their former hauns Of hap
psness.
But II Ia TO supposed that this calamity Il confined
emily 70 tho streets which longer to the
ute 81 hustle and wealth between wall street and Coen
sies slip. Alas no such thing. The miafortuues-the
c y e s %
riey Scarcely family in the city that has friend
relative, an acquaintance who will not be a loser by
But above all will misery desoate the private cir.
Gle Of beauty and elegance On the very nghs which
aaghtes With the most brilliant prospects before them
reduced Al 10 Indulgence and prvationl Young
lades educated in the most decse manner engaged in
the most refined amusemens, are ct arrested in
mid career by tho ferocios Fire Destroyer and told
N moment OF terror that they must quit their high
sdness Their fathers their bfshers their unces their
projectors, are reduced to beggary They also
sSsr LONG wi vista ~ SspUv yesshanpy
Aexs year-happy life IL swept from before them like
shc baseess fabric OF vision, the last piece OF scenery
Ana vel Il il not probable bat these very fa feeble
but beautiful flowers OF Affection will be the highest So
Aersft merchants have become victims 10 the do
strOyng element II IS So There Is energy in the
comiOrs IN the deepest calamity and socs s Ss,
sst day Of trcuae
PEARL AND OTHER STREETS
In my youth was always fond Of climbing rocks hills
and mountans up and down. To walk over the
smouldering ruins Is like walking rocks When
you got in the centre Of Pearl street and look around
Yesterday was great day for digging up iron chests,
diving into cellars tearing out the burning ends OF pieces
q cloth and collecting the irssments scattered around
paraops for rebuilding The solitary front wall OF Ar
1hur Tappan's store ID removed and the excavations Of
che foundation begun. How prompt, how sove Arthur
~ But for one dark spot about HIM he would no one OF
che greatest and most influential men In the city.
II romsp wore Climbing over the runs and sasn~ =
wonder 81 them. Several Of them lost their way.
THE READING ROOMS
N the Exchange Of course scattered fo,te for winds
Hudson's Is now become the great rendezvous, and
very commodious pisrc u IL.
pofIcY OFFICE.
Many arrested yesterday and carried 10 the One
been sezcd on plundercr aud laid corner Of the
entrance 10 the Office, very nearly sat on IRE the whole
binding
IMMINENT DANGER OF .s AWFUL EXPLOSION.
During the great Are, while such large portion OF
eouth street fronting and the shipping in one
body Of 6ame and while the shipping occasionally
severed With fakes OF live Goals, there lay al anchor
short distance from the wharf, schooner with 1000
easks o. gunpowder which had been taken 10 two days
before at Abcy from the mills of H. Solomon Jr, for
export The tide aud wind strong thai had she
raised her anchors she mus, have been blown into the
very teeth of the dcvouring element
What pity the Mayor did not know ~ One 9hifd or
ehe loss might nave been prevented
THE PHOENIX BANK.
We stated Yesterday that the Ph@nix Bank had been
severely injured by the tire IL mistake. In the
hurry Of preparing matter daily paper fire.
4uenty depend upon information from various and
equal sources Sucn was IL In the case OF the phmnx
Bank.
In taking another 'urn among the awful ruins We vis.
1ted the Phoenix Bank BY thc poiieuess OF Mr. Della
Geld we shown through the whole of the interior
The injury sustained probably repaired Al Al Az
including few blankets with which the skyghls were
secured
The preservation Of the pbseu,x bank is an honor 70
Abe mind that conceived the structure Tho destrcv.
~Iefncnt raging around H. aud YET n resisted the M
most OF power THE from the strength and &C.
1urity Of the building. The vaults aiso Of the bank
~here the specie secured and all the valuable papers