LEXINGTON, Xiv. May IS.
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Burning of TrGnsyLUdni0!-It is our pain ful task to record the destruction of our beau- tiful College ediice, the principal building of TransyIvania University, on Saturday night last. The fire commenced in the third story near the centre, and as is supposed near the staircase of the Cupola it was discovered a few minutes before 12 o'clock, but from the particular location of its commencement it must have made considerable progress before it became visible without. The students and professors who lodged in the third story were only able (such was the rapid progress of the deyouring element) to escape with their lives and the few clothes which they could lay their hands on in the haste of their escape.- In few minutes from the first alarm, the roof from one extremity to the other. with the Cupola, presented the spectacle of one living sheet of fire, with the curling flames ri- sing and rolling in grand and awful sublimity towards the heavens, Illuminating the concaye with an almost monday refulgence. The engines and vast concourse of citizens were quickly on the spot, but it was found to be utterly impossible to extinguish so large a mass of fire. The surrounding buildings re- quired their constant attention. The Libra ry heinz in the second story was only partial ly lost. The Library, consisting of 600 vol tunes, was entirely lost. The Union Philo- sophical and Whig Societies lost the whole of their Libraries, amounting together to 1900 volumes of valuable we'll selected books, and also the whole of their furniture and pa- pers. The Philosophical Apparatus of the University was saved with the exception of a

 few instruments. Several individuals con- nected with the institution sustained the loss of books and clothing to considerable d. mount. We understand that there was in- surance in two offices to the amount of S1O,OOO. The first cost of the edifce was a. bout S29,0OO. The fire is supposed to have been accidentally communicated by candle.