LITMIR.BIZ

      “Yesterday afternoon the ruins of the Exchange were sufficiently cooled to allow the firemen and a party of gentlemen, amongst whom we noticed the Lord Mayor, Mr. Alderman Copeland, several members of the Gresham Committee, and other persons connected with the mercantile interest, to inspect them. In consequence of the loose fragments of stone work belonging to the balustrades and ornamental parts of the building being covered over with ice, the difficulty of walking over the ruins was very great, and the chief magistrate fell more than once, receiving sundry bumps. The lofty chimnies standing appeared to be in such a dangerous condition, that they were hauled down with ropes, to prevent their falling on the people below. The iron chests belonging to the Royal Exchange Assurance Company could be distinctly seen, from the area, inserted in the walls. Ladders were raised, and they were opened, when it was discovered that their contents, consisting of deeds and other papers connected with the Company and their insurances, were uninjured. This afforded much satisfaction to the directors. Another iron safe, belonging to Mr. Hathway, whose office, under the tower, was consumed, which was also in a recess in the wall, was opened at the same time, and a considerable sum in francs and bank-notes was taken out.

      “The walls of the west wing of the building, which seemed to bulge outward, were shored up in the afternoon, and they are not, now, likely to fall. Cornhill presented a most desolate appearance, the shops, from Finch Lane to the termination of the street near the Mansion House, were all closed, and the place presented a deserted and desolated appearance; which, contrasted with the bustle hitherto observed during business hours, and the sight of the ruins, forced very unpleasant reflections on the mind. Barriers were placed at the Mansion House end of Cornhill, and across that part of the street between Finch and Birchin Lanes, and no person was allowed to pass except the firemen and persons on business. All the avenues leading to Cornhill were also blocked up in like manner; and, at each barrier, police officers and ward constables were placed to prevent people passing. Various schemes were devised, by numerous individuals, to pass these barriers, and sums were, occasionally, offered to the police to be allowed to visit the ruins, but without effect. The City police kept the thieves away by their presence and activity, and the conduct of the people was, yesterday, very quiet, forming a contrast with the disorder got up by the swell mob on Thursday last. Those who viewed the ruins at a distance appeared to wear an air of melancholy, and no fire has occurred, for centuries, which has caused more universal regret.

      “On searching the ruins under the Lord Mayor’s Court Office, the great City seal was picked up, with two bags, containing £200 in gold, uninjured. On this discovery being communicated to the Lord Mayor and Aldermen, it caused much gratification, it having been rumoured that the Corporation would lose their Charter by the loss of the seal, but we did not hear it explained how this could be.

      “Owing to the great body of fire underneath the ruins at the north-east angle of the Exchange, it was impossible for the firemen to ascertain, until a late hour, whether any injury had been done to Lloyd’s books, which were deposited in a large iron safe inserted in the wall. Two engines had been playing on it during the latter portion of the day. In the presence of several of the Committee it was opened, when it was discovered that the fire had reached the books, and partially consumed them. In the drawers were cheques on the Bank of England to a large amount, and also Bank of England notes to the amount of, it is said, £2,560. The notes were reduced to a cinder, and, on the drawers being opened, the air rushing in on the tender fragments blew them over the Exchange. They were, however, very carefully collected, and the cinders of the notes were, with much trouble and caution, put into a tin case, which was taken to the Bank, and the words ‘Bank of England,’ with the numbers and dates, were distinctly traced. The amount will, in consequence, be paid to the owners. From what information could be obtained from the gentlemen who took possession of the box, and who were understood to be underwriters, it was the usual custom of the secretary not to leave any money or notes in the safe, but to deposit the money in the Bank, which was done on the evening the fire took place. The money and notes above mentioned, and which were found in the safe, belonged to a subscriber who, on the afternoon of Wednesday, asked permission to deposit his money in the safe until the next day, which was acceded to by the secretary. Some idea may be formed of his state of mind on arriving at the Exchange on the following morning, to see it on fire, and he was in a state of distraction until the finding of the cinders of the notes yesterday, which has, in some measure, calmed his feelings. The underwriters are severe sufferers, having left sums of money, to a large amount, in their desks, which, no doubt, will never be recovered.

      “During the confusion on the discovery of the fire, in removing some books from a room in the north-east corner, in addition to £500 in Bank of England notes, which were taken to St. Michael’s Church, twenty sovereigns, in a bag, were thrown out of the windows. The bag broke, and the sovereigns rolled about the pavement; they were all picked up by the mob, who appropriated them to their own use.

      “It is firmly believed that the overheating of the stoves caused the disaster which the nation has now to deplore. Wednesday was an exceedingly cold day, and large fires had been kept up from morning till night in the building. There is no doubt the fire had been spreading, to some extent, in Lloyd’s rooms, long before it was seen in the street. Some few months back, two watchmen were on the premises all night, but, on the miserable plea of economy, they were discharged, and the sacrifice of one of the finest buildings in the Kingdom has been the consequence. We believe that most of our cathedrals and large public buildings are left without watchmen during the night, and we hope that the fate of the Royal Exchange will bring about a change in this respect.”