Fifth Avenue by Arthur Bartlett Maurice
page 40 of 245 (16%)
page 40 of 245 (16%)
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No lives were lost and no personal injury was sustained.
"The mania for converting Broadway into a street of shops is greater than ever. There is scarcely a block in the whole extent of this fine street of which some part is not in a state of transmutation. The City Hotel has given place to a row of splendid stores. "Stewart is extending his stores to take in the whole front from Chambers to Reade Street; this is already the most magnificent dry-goods establishment in the world. I certainly do not remember anything to equal it in London or Paris; with the addition now in progress this edifice will be one of the 'wonders' of the Western world. Three or four good brick houses on the corner of Broadway and Spring Street have been levelled, I know not for what purpose--shops, no doubt. The houses--fine, costly edifices, opposite to me extending from Driggs's corner down to a point opposite to Bond Street--are to make way for a grand concert and exhibition establishment." It is far from being all mellowness and amiability, that Diary. Hone had his prejudices and dislikes and strong political opinions. In the portraits that have been preserved there is the suggestion of intolerance and smug self-satisfaction. Also life did not turn out quite so rosy as it promised in 1828, when he retired from business with a handsome competence. In 1836, during the commercial depression, he met with financial reverses which forced him to return to the game of money-getting. He became president of the American Mutual Insurance Company, which was ruined by the great fire of July 19, 1845. "A fire has occurred," he recorded in the entry of that date, "the loss of which is probably $5,000,000; several of the insurance companies are |
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