DrrAJis of the late disastrous hurricane at Colj cutta show that the destruction of property was even greater than at first supposed, although, happily, fhe loss of life appears to have i e , j not so great as at first reported. Letters from Cal- cutta give the following particulars:— It appears that on the evening of Tuesday, the 4th October, 1864, the sun set amidst clouds of a deep red, "with purple veins, as if bursting with passion. A gale with rain commenced, and lasted all night. On the following morning upwards of two hundred vessels were in the river at their moorings: in the evening they were all adrift; many of them were high and dry in the streets of Calcutta, and some had sunk altogether. A cyclone of unparalleled fury broke over the district and raged for five hours without intermission, and when it had concluded, half Calcutta was in ruins, the huts of the natives were carried away like wisps of straw : there is scarcely a tree standing for miles, and now all around there is a scene of desolation so appalling that no words could give you an adequate idea of it. The river raged and tossed like a sea, and its power may he judged of when I state that, of three o£ the large steamers of the Peninsular and Orieiitill Company, one, the Bengal, was laid high on shore, and two others were dismasted. Large ships shot up the stream in blocks of five and ten, lodging here and there in the mud. The natives were paralysed by this fearful scene, and could do nothing. Even now, five days after, they cry like children, for there is not a home for miles, and the loss of life among them is terrible. We are cut off from the rest of the world, for our telegraphs are broken; no steamer has been able to move till to-day, and the very roads are choked with falling trees. Already the exhalations from the mass of decaying vegetation are insupportable, and it will be a mercy if a dire fever does not follow close upon the storm.

Far as the eye can reach there is unbroken waste and gloom. To increase the horrors of this storm, a " bore" of unusual size and force came rushing in while it was at its height, and drove the helpless vessels together in a heap. The ffindostan, a large Peninsular and Oriental steamer, sunk; as also did the hospital-ship, the Bentinck.

The destruction of native huts everywhere is enormous. The whole place is a desert, and, judging from what we hear from Barrackporc, they have not fared much better on that side.

The park is stripped of its finest trees, the barracks are unroofed, and all the bungalows are injured.

The shipping has suffered considerably. Of the 200 ships in the harbour only eight or nine have escaped without suffering any material damage, and of the remaining vessels, as far as can be ascertained at present, twelve have foundered.

The Lady Franklin is supposed to have foundered with all her crew on board ; and the Govindpore, off the Bankshall, also went down. There were nine men on board the latter vessel, including the captain, and, were it not for the singular gallantry and courage displayed by a seaman name'd EDWARD C LEARY, they might probably have all met with a watery grave. Mr. J. B. ROBERTS was at the ghat with some of the police, endeavouring to pass on a rope to the ship, which was near the middle of the stream, but could not get a single man among the large number that was there to venture out into the river, though he offered a reward of 100 rupees to any one who would do so. To swim out to the ship in such a gale seemed next to madness.

Despite the danger, CLEARY, who had just then come up, and without even knowing anything about a reward having been offered, volunteered to swim over to the ship with the cable. He tied the rope round his waist, dashed into the water, and succeeded in reaching the ship and fastening one of the ends to her bow, and returned amid tremendous cheering ashore. The nine men safely came ashore by means of the rope, the captain being the last man who left her. CLEARY has had his hundred rupees, and will, no doubt, get many more for his exemplary conduct. The loss of lives has been variously estimated at 500, 300, and 200; the latter number may be taken as near the mark. The number of European seamen missing is about one hundred. The Lady Franklin, off Coolie Bazaar, presented a most pitiable and heartrending sight. The cyclone was at its height at the time, and she was fast going down.

The men on board had no chance of escape, even such of them as were able to swim, as the state of the river was something frightful. They took off their shirts and held them up as signals of danger; but there was not a soul on shore who had the slightest means of affording them any assistance, and the vessel soon after went down, not even her mast being visible above water.

Equally distressing scenes were to be witnessed on board other ships ; and what rendered the case doubly worse, was the helplessness of those on shore to do anything towards relieving them from the danger which threatened destruction every moment. -The whole of the souls on board the Govindpore were saved, with the exception of a European lad, who is supposed to have fallen overboard.

It was, indeed, a melancholy sight to see the wrecks that lined both sides of the river, commencing from Armenian. Ghaut up the extreme end of Garden-reach. The disaster would not have been half so great but for the bore, which came in just about the time the hurricane was at its height, and to assist it, as it were, in its work of destruction. The heavy bore caused the ships to break from their moorings, and, as they drifted along with the tide—to stem against which was purely a matter of impossibility—they fouled each other in such a manner that they could not extricate themselves, and went ashore in groups..