The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-20
Total insured. ;. .s4,sI5.ooO

INSURANCE FFFECTED-PRoBABLE RECOVERY.
The Jefferson Insurance Company has not suffer-
ed by. the calamity OF yesterday to the amount
stated IN a Wall street print. They suffer to tho
amount OF $l0,00O--their capital exceeds $200,00O
See advertisement in another column.
1t will seen by our advertising columns that the
loss sustained by the National Fire Insurance Com
pany, 81 Wall street, by the great fire, will
coed twenty.elght thousand dollars, probably not
more than twenty-five thousand dollars We I'M
derstand they have heretofore constantly refused to
take more than $s500O in any one risk hence their
great escape. They continue business as usual
The East River Mutual Insurance Company harm.
policies, on which claims'can be made not to exceed
$l54 600, OF which a salvage may be expected.
The New York Equitable Insurance Company
have insured in the burnt district, policies to the
amount Of 1922 $50 a considerable portion of which
is now burned or destroyed THE officers Of com
pany estimate that their losses will not exceed l2S
to $3.50, 900, which they expect TO meet punctuay,
1t being less than half of its capital and surplus
Croton (AlutuaD Insurance Company, 35 Wall
street, will not lose $35, 600 and viii pay their
losses promptly.
There are other assurances effected in distant Of
fees; for instance, there is an insurance effected IN
Europe on the plate glass warehouse in Broadway
to the amount of 5000 600. There are others, we
believe, insured IN offices in Boston, Hartford, Phil
adephla, Georgia, &c.
AThe fire could not possibly, have occurred at
merchants IN Exchange Place, Beaver and Broad
streets, that great many warehouses had upwards
OF $3.50, 600 worth of goods stored within them
MS is an unusually large amount LOT tnlS season
but 1t is fact, that all the dry goods houses were
oyerstocked with merchandise. Many large estab-
lishments had no insurance, and are, therefore, en-
tirely ruined. There is something appalling AND
startling in this sudden destruction Of property
When we think of men, who, in the proud con-
seriousness OF being worth millions, calmly retired
to rest, with the assured conviction that all was
safe, and whose vast fortunes, acquired by long
years Of toll and hardship, have been thus swept
away forever-t makes us shudder and grow sick
at heart-we cannot but exclaim-
"Can such things be,
... And overcome like O summers cloud,
Without our special wonder ~
The instability of all sublunary things is clearly
established by this most fearful calamity. Vending
our way through the burning ruins, the pale, care
worn anxious faces Of bankrupt merchants met our
gaze Universal horror, confusion, terror and dis
may are every where apparent.
This cslamitous affair, il is be feared, is caused
by the criminal practice of storing saltpere and 9TH
er still more combustble material, in large guam
titles IN the compact portions OF the city like
that OF New street. In this very case the large
quantity of that dangerous material deposit
ted IN Croker Il Warren's store, has been
the cause OF immense loss of properly
that otherwise might have been saved. The
explosion of course discouraged the firemen,
and for time paralyzed their exertlons. The noble
fellows fought like lions, however, and deserve the
highest praise for their ndomltabe, and in most in
stances, undlscouraged exertions 1t is thought by
many that something still more combustbe and of
greater strength than saltpetrc must have been de-
posted in this store. Many old military and naval
men Say that gunpowder alone could make such
sudden and violent discharge.