The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-10-20
CHICAGO.
RuiIGin.-Thc BankS-Water, de.

Rui!Cin.-Ehc BankS-WaIer, de.
I CHICAGO. October l9-An extensive
building has been commenced on the
block formerly occupied by the Southern
Division water reservoir, for the use OF
public offices Of the city. Fifty ma.
sons are buili;ng the brick wall which
IS L. entirely surround the block, having
fronts on Quincy, La Sale aud Adams
streets. It's TO be ore story high, ex,
cept the Quincy st.,et front, which
illbe two stories. The cid reservoir
will furnish vaul, perfectly safe from
fire and OF dimensions sufficient TO &C.
commodate all the records OF the city.
As a specimen Of what the banks are
doing, we may state that the Traders
National, AT the close Of business on
Wednesday had, as the result OF two
Iays business, 500, 900 more in currency
than il had at the opening OF business
after the fire, besides large increase in
New York exchange ard not counting
stocks on other banks. This is sub
stan,ialiy the case with every bank in
the city.
Abou, ten million gallons OF water
are now being pumped per day at the
water works. Certain portions of the
West Division were not furnish ed with
water Yesterday On account OF the stop
cocks being out Of order. Every effort
is being made TO put these cocks in order,
20 that TO day, it is hoped. the whole
city will be fully supplied with water.
Arrangements for the erection Of az
least thirty new brick or stone build
ings in the burnt district are already
MADE. Should the coming winter be a
mild and open one, the present scene OF
ruin will bv next spring be dotted with
new structures, and the new town be
well on in the process Of construction.
Careful measurement and calculation OF
the area otthe burnt district OF the city
places its length from the starting
poin; to the place where it was extln-
cuished, atfour aud a half miles, and
lis average breadth at little over one
mile. Along the South Side lake shore,
however, and westward five blocks to
Harrison street, is the southern limit OF
the coniiaGration, and the distance from
that street to Fullerton avenue, It's
northern limit, is only three miles and a
half. The number OF acres was 300.
The number OF buildings Of al kinds
DESTROYED was $500, OF which 100
were substantial business houses. The
actual total Of losses i estimated al
S3O0,O0O,0OO.
The question is often asked, What
are our local stocks worth now since the
fire? Or course, the stocks OF the local
insurance companies, even those that
were quoted above par TWO weeks ago,
are worthless now, but the banks, stores,
CITY and county bonds, street railroad
certificates Of stock, etc, are still valu-
ble property.
The first sale OF any description OF
local stocks was one yesterday OF 1--WE
thousand Of the City hallway on South
Side, at par. The holders OF West
Division railway stocks refuse to sell at
any price. o
The CITY has total debt OF $l4, ,i2O,-
45O4j. This is distributed as follows:
Floating debt, s5lS,22l.7l; bills paya-
bIe, o0j,S4Q.74; funded debt, old issue,
s343OOO 90: funded debt, new issue,
2l.9j2.O0; school bonds, Sll 1900;
sewerage bonds, SO, 10000: river I'M
movement bonds, So, 10000.