We believe that, in the frequency of these calamities, the question lies between Constantinople and New-York. It is a common occurrence for twenty or thirty buildings to be burnt down, in the latter place, and for the residents of the same ward to remain in ignorance of the circumstance, until enlightened on the fact by the daily prints; the constant repetition of the alarms hardening the ear and the feelings against the appeal. A fire of greater extent than common, had occurred only a night or two previously to this; and a rumour now prevailed, that the severity of the weather, and the condition of the hoses and engines, rendered the present danger double. On hearing this intelligence, the Messrs. Effinghams wrapped themselves up in their over-coats, and went together into the streets. "This seems something more than usual, Ned," said John Effingham, glancing his eye upward at the lurid vault, athwart which gleams of fiery light began to shine; "the danger is not distant, and it seems serious." Following the direction of the current, they soon found the scene of the conflagration, which was in the very heart of those masses of warehouses, or stores, that John Effingham had commented on, so lately. A short street of high buildings was already completely in flames, and the danger of approaching the enemy, added to the frozen condition of the apparatus, the exhaustion of the firemen from their previous efforts, and the intense coldness of the night, conspired to make the aspect of things in the highest degree alarming. The firemen of New-York have that superiority over those of other places, that the veteran soldier obtains over the recruit. But the best troops can be appalled, and, on this memorable occasion, these celebrated firemen, from a variety of causes, became for a time, little more than passive spectators of the terrible scene. There was an hour or two when all attempts at checking the conflagration seemed really hopeless, and even the boldest and the most persevering scarcely knew which way to turn, to be useful. A failure of water, the numerous points that required resistance, the conflagration extending in all directions from a common centre, by means of numberless irregular and narrow streets, and the impossibility of withstanding the intense heat, in the choked passages, soon added despair to the other horrors of the scene. They who stood the fiery masses, were freezing on one side with the Greenland cold of the night, while their bodies were almost blistered with the fierce flames on the other. There was something frightful in this contest of the elements, nature appearing to condense the heat within its narrowest possible limits, as if purposely to increase its fierceness. The effects were awful; for entire buildings would seem to dissolve at their touch, as the forked flames enveloped them in sheets of fire.