Worcester daily spy., 1872-11-18

capital in the city to-day than a week ago, II
was important that the work of improvement
be put through promptly. Time was the i'm
portant thing 10 Boston men. To loan the
city's credit would not increase the taxes one
cent The money could be hired at 6 per cent
and it should be loaned at per cent, and the
interest would come in faster than it would
need TO be paid out In his mind money must
come into the city from somewhere, aud he
hoped the substitute would pass. The subSti-
tutc was then adopted. The following commit
tee was then appointed to look after the interest
of this proposition at the coming session of the
legislature: Messrs. Wm. b. Spooner, George G.
Richardson, Harvey Jewell, Moses Kimball and
Francis JaqueS.
A resolution submitted by Postmaster Burt
declaring it TO he the sense of the meeting that
Broad street should be rebuilt at a uniform
width of eighty feet from the size of the Boston,
Hartford AMI Erie depotto State street, was dis
cussed briefly and rejected.
HARVARD UNIVERSITY.
Harvard university has lost heavily by the
Boston fire. 1t held properly in the burnt dis
trict TO the amount of 1862 900. This amount
includes the value of the land, 1t viii cost
100000 to rebuild. Toward this it has $780,
600 OF good insurance out of the S216,00 for
which it was insured. The permanent loss is
thus reduced to 5000 00O BY the losses of the
fire the university Is cut off from about $4,000
OF rents until it can rebuild, Some of the most
essential expenditures of the university were
Ulau6 from lulS lDCOult. otNtItl vi INT llblCo-
SOrs' salaries were paid from it, 4 portion was
used for the repair of buildings, and tine re-
mainder was used IN the every day needs of the
college. This 1000 and $4,000 more 10 meet
Insurance assessments the reinsurance of build
ingS, collections and libraries is needed imme-
diately in order that the work may 90 on at
Cambridge. The insurance was mostly in Bos-
ton and adjoining towns. The property des-
stroyed was located as follows Nos. / TO Arch
street; % TO 2S and 45 TO 40 Franklin street; 25
to 20 hawley street The loss falls on the diff
ferent departments of the college about equally.
The divinity school lost a fund of about S5000
required for salaries and current expenses; the
law school and collegiate departments suffer
similarly. The S60,000 required might, perhaps,
be easily raised by Harvard from its own re-
sources had it any general fund or income on
which to draw; bUGeyery fund 1t has is pledged
to some particular application and no power in
the university has authority TO avert II. The
full valuation given above, S562,O00, is the city
valuation. President Eliot thinks the land is
estimated too high and the buildings too low.
He does not think they can rebuild on the city
valuation.
ITEMS.
Michael Cuddy has been missing since Satur-
day night, and last seen at the falling OF the
walls on Summer street.
This forenoon VIM. Kelly had his right leg
broken by the falling of wall which he was
engaged in removing.
1t has been generally stated in the newspapers
that the proprietois of the Old South church
have actually leased it to the government for
post office. This is mistake. The fact is, that
a meeting of the proprietors has beenscalled for
Wednesday next to consider and &C upon the
proposition
Among the items of loss by the late fire was
| the beautiful collection of armor and arms be-
| queathed by the late Colonel Lawrence to the
Athenaum intended to be placed in the new
Art Museum-a great loss to that institution, an
irreparabe loss to art in this country.