The Crystal Palace was not a financial success. Nearly a million dollars were lost in the enterprise. Finally, on the evening of Tuesday, October 5th, 1858, the edifice was destroyed by fire, with most of its contents. It was really not a very great conflagration, measured by others that have occurred. Yet it meant the destruction of an entire World’s Fair establishment, and was, in those times, something more than a nine day’s wonder. “About five o’clock last evening,” said a next morning’s paper, “smoke was seen issuing from a large room in the north nave, and in front of the entrance on Forty-second Street, and in less than half an hour thereafter, the Palace was a total wreck, and nothing now remains of this edifice but a heap of unsightly ruins. The octagonal turrets at each corner still remain standing, while here and there on every side may be seen stacks of iron, the remains of staircases, and portions of the framework composing the galleries. “From the room above mentioned flames soon made their appearance, and spread with incredible rapidity in every direction. There were about 2,000 persons scattered about the edifice at the time, all of whom, the moment the alarm of ‘fire’ was raised, made a rush for the Sixth Avenue entrance, the doors of which were thrown open. The entrance on Fortieth Street was closed, there being no other means of ingress or egress except on Sixth Avenue. Under the direction of ex-Captain Maynard and several of the Directors of the Institute, the crowd of visitors were conducted safely to the street, and no one that we have heard of was in anywise injured. Some of the exhibitors endeavored to save their property, but were forced to turn toward the door, and were soon compelled to flee to the street. The amount of property saved is comparatively trifling. Mr. Smith, an employee of the Institute, behaved nobly. He was in charge of the jewelry department, and was engaged repairing a case when the alarm was given. He finished the case and closed the door and then went toward where the fire was. The smoke was so dense that he almost suffocated. He saw the fire at the Forty-second Street entrance and then ran back to the property that had been placed in his charge, which property consisted of a quantity of watches valued at several thousand dollars. Seizing the case, he dragged it from its fastening along the gallery, down a flight of stairs, and thence out into the street, the entrance at this point having at this time been broken open. While on his way out, the dome was all in flames. The smoke was so dense that he could see but a few feet either side of him, and he is under the impression that he was the last man in the Palace before the dome fell. A young man named Wallis, also in the employ of the Institute, heard the alarm, and ran toward Smith, whom he desired to break open the case with an axe, in order that the jewelry and watches could be more readily got at, but Smith told him he would not do so.