The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1871-11-16
THE SUICIDE.
THE ARCTIC DIsAsrnR.


Its Effect: on New BedSerd-Tventy.
two Of the Lost Vessels owned in that
Oity-Insuraucs, etc.
Special Dispatch to the Boston Post.
NEW BEDFORD, Nov. 6-EveninR-
The excitement in this city during
the last "a hours has not been eaualed
since the reception of the news of the
firing on Sumter. The loss of 50
great portion of it's whaling feet
will prove y severe blow to the com.
mercial prosperity of tho place, and
all Glasses feel it most keenly. Whom
the first telegram was received last
evening, it was speedily balletined at
the Merchants News Room, and the
sad intelligence quickly spread thro'
every street. The people congrepa-
ted at the News Room, the telegraph
Office, and on the corners, to discuss
the great event, and await the arri.
val Of further news. This morning
there was an overhauling of books
and peers and insurance policies,
and a counting up Of insurance scrip,
3 great deal Of the latter being IN
circulation. There have to-day been
the same gatherings Of business men
at various places, and continued dis
cussions of the probabilities and
possibilities of the situation. called
on several leading gentlemen this
afternoon, bat they were extremely
reticent, especially those who are
heavy losers, and disclosures of losses
will not be very extensive until time
has been allowed for reflection and
striking q balance. The merchants
here generally wear an air of patient
resignation. They do not have the
devil-may-care air saw manifested
by some OF the heaviest losers by the
Chicago fire, but they joke each other
privately abont their losses talk
fiippantIy of "stock notes. and
"scrip," and put in word occasion.
ally about "bolstering up" the insu.
rance companies. This evening the
people are settled down to await the
arrival of the crews from San Fran.
cisco, which are expected in about
a week. On every hand hear ex-
pressions Of thankfulness that no
New Bedford men lost their lives and
this fact seems an ample consolation
for their pecuniary disaster also.
The financial loss will be over
81, 900. 0C0, and decrease the assess.
ment of the town fully five per cent.
1t will not fall with such crushing
force as if it had been caused by fire.
There are no wives and mothers and
children bcreft of the common COM
forts of lite, and no laboring mon and
women turned out upon the cold
world for charity. The credit of
New Bedford is good, the value of
stock ON hand will be enhanced, and
tho indomitable energy OF this thor
oughly New England community
Will rise superior to the infliction.-
Already owners of whalers have been
looking about and determining which
of those in port can be fitted out
most speedily in order to start on q
cruise next spring. Gideon Allen & |
Son have to-day given orders for the
fitting out of the James Allen, and
Messrs. Swift d. Allen have done the
same in regard to the Aurora
Thirty whalers are now lying at the
New Bedford wbarves, and it is
thought they can be got ready in
lime 70 sail next spring. The losses
sntailed by this disaster will be very
generally distributed amo' g all
classes Of people. 1t has been the
General custom OF persons of moder
lie means TO invest thor surplus !
Awnings in whalers, and while the a
gents have had controlling inter- t;
at, tho remaining shares have been u