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Domestic News July 28, 1845

Alexandria Gazette

Alexandria, Alexandria County, District Of Columbia

What is this article about?

A major fire in New York destroyed extensive merchandise including coffee, cotton, spices, wines, and more, valued in millions. Insurance companies faced heavy losses, some suspending business, while laborers cleared ruins and one porter's body was recovered.

Merged-components note: Merged the insurance loss tables into the main New York fire news article as they provide supporting data on the merchandise destroyed and insurance impacts, forming a single coherent report on the event.

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MERCHANDIZE DESTROYED BY THE FIRE.—The New York Shipping and Commercial List of Wednesday morning publishes the following statement of the goods destroyed by the fire:

Coffee—12,000 bags (4000 Brazil.)
Cotton—11,000 bales.
Drugs and Dyes—3 or 400 bbls. castor oil.
60 cks cream tartar.
150 cases essential oils.
250 do licorice paste.
350 cks Dutch madder,
130 do French do.
1200 baskets terra japonica—besides large quantities of other descriptions of drugs, of which no definite estimate can at present be given.
Fruits—200 bales and 400 boxes Almonds.
6 cases Genoa Citron.
50 bbls. Zante Currants.
300 casks Bordeaux Prunes.
1200 boxes Bunch Raisins.
Flour—1000 barrels.
Hemp—2500 bales American.
5 or 600 do. Manilla.
Indigo—150 cases and 130 seroons.
Molasses.—3 or 400 hhds. and tierces and 200 bbls.
Oil—10,000 bxs. and baskets Olive.
Rags—100 bales Sicily.
150 bales Trieste.
Rice—220 tierces.
Saltpetre—1500 bags.
Soap—3500 boxes Castile.
Spices—50,000 lbs. Nutmegs.
500 bags Pimento.
Pepper and Cloves—qty, not ascertained.
Spirits—900 hf. pipes Brandy.
200 pipes Gin.
100 puncheons St. Croix and Jamaica Rum.
Sugars—1500 hhds. and 130 bxs.
Seeds—3000 bags, mostly Sicily.
Teas—15,000 hf. chests, say one entire cargo and parts of three or four others, mostly Green; value $500,000.
Tobacco—315 bales St. Domingo.
Wine—500 pipes, halves and qrs. Madeira and Sherry, 100 pipes, 100 hf. do. and 1300 qr. casks Sicily Madeira.
3000 gr. cks Port.
100 do Sweet Malaga.
1500 do Marseilles White, &c.
1000 cases Claret and Muscat.
5000 baskets Champagne.
Wool—350 bales, mostly Smyrna.

In addition to the above, there were very large quantities of Foreign and Domestic Dry Goods, Silks, plate Glass, Carpeting, &c. destroyed in whole or in part, the value of which cannot now be estimated with any degree of exactness.

"This statement," remarks the Post, "is, after all, only an approximation to the facts, for the loss on many descriptions of the goods cannot be determined for some time." The Post adds—

In regard to the wholesale business of the city, as affected by this disaster, it may be remarked that the want of the numerous stocks of domestic goods destroyed will be immediately supplied from the manufactories, and, as we have before said, the amount of foreign goods lost, however large it may seem, is a mere item in the vast aggregate with which, at this season of the year, New York is always supplied.

The New York Commercial Advertiser of Wednesday says:—We have just returned from a tour of the burnt district. There are from two to three thousand laborers employed in removing the ruins and recovering any property that may still be made available. A good deal of sheet iron appears but slightly damaged, and is in progress of removal. A vast quantity, however, is welded together, as are whole casks of nails. A body has been found and is recognised as that of a porter in one of the stores.

We published on Monday a full list of the losses of the Insurance Companies as correct as could then be obtained. The following from Thompson's Reporter being made up after the offices have had more time to ascertain the exact amount of loss, is probably very near the exact amount covered by insurance:

LOCAL COMPANIES.
FOREIGN COMPANIES.

The Guardian had $50,000 surplus profits. This Company will pay in full, but has for the present stopped doing business.

The Howard had $65,000 surplus profit. After paying all losses, there will still be two-thirds of its capital left.

The City had $55,000 surplus, which nearly pays its loss.

The Fireman's had $10,000 surplus—stock two-thirds saved.

The Equitable had $61,000 surplus; and the Etna $20,000.

The American Mutual, the Merchants' Mutual and the Guardian, Manhattan and the Merchants, have stopped doing business.

All the foreign Companies will pay promptly.

The rate of insurance on houses has been raised 5 cents on $100, and on stores 14 cents on $100, being 50 per cent.
Companies:CapitalTotalOther
Etna Fire, N. York200,000110,000
Bowery300,00060,000
City210,00075,000
Eagle500,000300,000
East River200,000140,000
Firemen's300,000150,000
Greenwich200,00040,000
Howard300,000150,000
Jefferson200,000100,000
Manhattan250,000250,000
Merchants300,000300,000350,000
Mutual350,000100,000
National150,00025,000
N. Y. Contribu'ship300,000150,000
N. Y. Equitable300,000150,000
New York200,00050,000
N. Y. Guardian300,000300,000
North American250,000100,000
North River350,000100,000
Trust150,00030,000
United States250,000125,000
Williamsburg105,00020,000

Companies.Assets.Loss.
Alliance.300,000100,000
American250,000300,000
Croton200,00035,000
General Mutual300,000220,000
Mercantile225,000110,000
Merchants'260,000300,000
Mutual Safety868,000600,000
Pelican200,00050,000
Sun Mutual880,000200,000

Etnó, Hartford75,000
Columbus, Ohio12,500
Protection, Hartford60,000
Hartford,70,000
Fireman's, (Boston)Nothing.
Washington, (Providence)15,000
Manufacturers', (Boston)45,000

What sub-type of article is it?

Fire Economic

What keywords are associated?

New York Fire Merchandise Destruction Insurance Losses Wholesale District Goods Inventory Commercial Impact

Where did it happen?

New York

Domestic News Details

Primary Location

New York

Outcome

one body found and recognized as that of a porter in one of the stores. vast quantities of merchandise destroyed, including 12,000 bags coffee, 11,000 bales cotton, and more, with teas valued at $500,000. several insurance companies stopped doing business; rates raised 5 cents on $100 for houses and 14 cents for stores. laborers employed in clearing ruins.

Event Details

A major fire destroyed extensive stocks of imported and domestic goods in New York's wholesale district. Detailed lists of destroyed items include coffee, cotton, drugs, fruits, flour, hemp, indigo, molasses, oil, rags, rice, saltpetre, soap, spices, spirits, sugars, seeds, teas, tobacco, wine, and wool, plus dry goods, silks, plate glass, and carpeting. Insurance losses detailed for local and foreign companies, with some having surpluses and others facing heavy payouts.

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