Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-12
I'm Darkness
NEW YORK.
The Talk about Boston and q Panic
what Leading Journals Say.

The Talk about Boston and q Panic
what Leading Journals Say.
NEW YORK, Nov. 1.-THE effect of the
Boston fire on the money market is made
the subject of editorials in the morning pa
pers. The Tribune says: Ii there be any
action within the power of the Secretary
of the Treasury whereby temporary relief
can be afforded 10 the sufferers by the great
fire of Boston, we trust that action viii be
taken Immediately. Let him frankly report
to Congress bis action, and his reasons for
it, and an act of indemnity will be doubt
less passed.
The Times says Boutwell, may undoubt-
eddy be relied upon TO prevent the govern
ment securities which will necessarily be
thrown upon the market, from becoming
the sport of Spectators. ANY other action
which can be legitimately expected of him
with view to relieve the momentary finan-
cial pressure viii unquestionably be exert
ed.
The Herald says the Assistant Secretary
of the Treasury assures the public that the
Government will use IFS money to prevent
a panic By affording instant relief to the
money market. The situation should be
viewed coolly andscalmly by everybody.
The worst has been done. Now that the
fire is over, panic and excitement will only
aggravate tie disaster. 8 go
The World says Judge Richardson, As
sistant Secretary of the Treasury announces
himself on duty to stave off possible fnan-
cial panic from the Boston fire. This is the
very nick of time for him and Secretary
Boutwell, to publicly folswear any intent
- IA ho OF Soaro-
tary Boutwell, and Assistant Secretary Rich
ardson make haste to give the public q
pledge that they will not add to this vista
ton by fire the calamity of initiation. One
devastation is all the country can bear.
The Sun says: From very good sources
we are informed that the government will
come TO the relief of the public, and it is not
unlikely than ten millions or fifteen millions
will be reissued if such amount be neces-
sary to avert another Chicago disaster.
Clerical Views of BOstOn's Calamity.
NEW YORK, Nov. l.-Revs. Henry
Ward Beecher and Henry W. Bellows
made the fire in Boston the subject of SER
mons last evening. Beecher said the fire
teaches Boston il is not needful or wise to
have narrow streets to convey flames from
one side TO the other, or to build houses
four or five stories high Of fire-proof gran
tie, and surmount them with Msnsard in
flamnable box out of reach of the fremen.
He disdaiued the idea that the calamity was
a visitation of Providence upon Boston be-
cause of its sins, and said If such was the
case, what city would stand? DR.. Bellows
said the fire would show the danger of
Mansard roofs, and the folly of building
huge blocks of stores with narrow streets
and no large public squares.
Wall street Qufeting.
NEW YORK, Nov. IL, p. M.-Wall street
is quieter and the panicky feeling is dying
out. There has been but little business
transacted to-day in the wool, hardware,
leather or dry goods trade.
Assistant Secretary Richardson Of the
Treasury Department is in consultation
with the leading bankers and merchants re-
garding the situation. Secretary Boutwell,
has stopped the withdrawal from the banks
Of greenbacks deposited sometime ago to
relieve the market
Secretary Boutwell, was to lecture in
Brooklyn tonight but has telegrsphed he is
unable to keep his engagement, and that
the Boston disaster will compel him to re-
main at his pest.
ERaasard Roofs.
The Board of Aldermen at a meeting
to day forbade the erection of Mansard
roofs unless of fire proof material. Gentle
men interested in the leather trade in
Boston do not think the almost total des-
truetiOn of the leather business in that city
win bring about any suspensions, except,
perhaps, in cases Of one or two small firms.
The stock held by leading houses was
small.
At a meeting Of merchants to-day resolu-
tons Of sympathy with Boston sufferers
and offering help were passed. Resolu-
tons were also adopted condemning Man.
sad roofs and commencing the establish
LneHt vi 1. 3 }ard Of Engineers, who in case
Of fire be invested with legal authority to
enter and blow Up buildings whenever in
the judgment of the head of department the
flames have passed bsYond the control Of
tina. department, Comm JdOre Levy spoke
ia favor of introducing salt water into this
city, which be said could be accomplished
at a cost of thousand dollars. We are
surrounded with water, but have not
enough at hand to be available in the event
Of confagratioa like that at Boston or
Chicago.
The Latest about the Treasury.
It is known the United States Treasury
will aid the money market if necessary by
selling largely of gold and buying bonds.
The shipment of gold to Europe Wednes-
day will amount to million dollars.