, 1870-10-02

The Inst i 1mes,un E,:.tueT ~. = aeusbl. ar,c1e
on The eous:'uc'i"n of ftc. proof tntlllncs eue.
F1tWeli l!OcE. In which several lives wer. jost
n1al hear!y nao 200 worth ut pr str l.ssrore,
;nis Ths hioss :' not wps ct ~ oi
tata, 'Ecansc TIC catastrophe VA. bni r,.ne1tl a
Of similar disasters Witch iay. occurred IL this
n,1 etnsr cies. II esert tsaen:t1s particular III"
htrt suIrrtd by comparison With buildings Of
ft> ea>s IT, h.ycls In AmrticL tn. Ea,lS wcFn
equally heAry, anda careful exsn, ton Of tie m
tiat b+ ~ +xte'tl'ca viii sc+unHloua care Tue
Nulsar'l rsnDt. a,x,ut which So much has been
s1 as ~ ot. tns sss h%,a!o e
eAszl. Area'r1tx to the American idea, it Was
nisf-e ass building. II was Ront al my bulll-
log Of similar hsze not Intended to be nru-proof.
Auo now ltsef aif thtf II 1t s:Hu be proved t1as
the wulls ~esc Of Insufficient thlclness, t1st the
.eos waS OF mat riss TIM ipllammablc. that tho
s. s's.,m !; ,a 1T a1'fiho'trg 'o'sts vas bad.
hasc said, au.,n and again, fhai our .eutire
ss>'. m ct t0lldlnL ncc,ls reforming, II not. tnan
WY ne We cn:s'rs,le1 to witness these fearful
sa:nIlagr.tkns7 WY do we n hear OF such
titer IN thu RrrAt cities nf the oil w,rid:- d Nd
cs' r al cf f1-e Ike Eh!< In Paris: Ma; the
t!'trr etr!iEatton hn ftfs tseite' than VIC; ani,
tinlH:l3R ttiter. II hn'lla cheaper. The cxn.n.c
:ins. g1t'ie!s IL not s~rious 4tar In tie con
suueiI' u II n husiJing which Il to coutaln MIL.
In: Of doliars'Wot1h Of merchandise in ITS zsy.
ernl departments, hecau*e It ts not din
French method where m wnpIeu / 4sts
tnicr the walls Our underwriters ctam7r
thttvts OF our rrTsett system OF building IN tie
1rchffsct8. t'ccanae the evil is b.ck Of the q,
Property owners tieina'.d d liberal rercenta5s on
their Investments. and, IN or,1or tn secure 1t,
buildings must be erected with special view 10
cheapnees. When THK TRIBuSh COMPANY De.
k' ed building that Hasu3d rot hurn down. thtra
THs III utt1c&tF tn tn'sfnK an architect to exc
cl't It's VIII. Thr greed manifested BY property
uwntrs tn SECURE the largest ls.rcent4xe pussls,f
on rth3ua, all the extreme Willingness OF tusur-
ancc companies to make g1oa I'LL l7ssts are tre J.
ssdseht features Of this wIo!e iu.l.in9 business
EKN iuRK,
The New York Iyusaa n rtt., 9Th 4ars rey1rt7
OF the transactions 0i tha past werE TT real cJ1are
Germ to Indicate little tey1ral of business IT Us
haraly :" tNs carrc'etl. hnweycf, thlt there Will
witt Improve il cnntldcnfiy i,eltevcd, but tic daie
Nrrn the Iracftnn wiif set IN Is no, Jtt nzcu
The m +tr!'I VI sate~ that etkr rlaee arc OF IT,
gal hn hut iitt1e prope fv IL helng vol
taatr, h1wcscr, one fac IL erIdect anti that Ia,
thai while untMrrov,'i property continues arm,
ths reverse e fhc case with !o.5 upon which
.icns sor With the fall Of rctp the ecn1+e Ia rhc
cost 1t construction. nnsl the stability given
sn &tAsl. az tic price NJ Kli np1r aches oa-,
world h: fntile u expect that tnucti II any ~
tue conttarr. h"l1e.s of property, II tacr w,,1la
u ahzr, vii, hr obliged 10 sucAnce sa,ilevshat,
unl'.a speculative den autl khou't Ar-e, in
which caee the zcsala wtll folis, for n,ft.
than the 9airl.t amount If pr11pcsty would be
"fscrca, and va'acs becoming flxctl. the market
would soon assua;e hnsl'h! n'ne-"
sCNGARy.
TIE following t1tl. elt,~s he volume and ,cn,1-
ty 81 tF1nsartitLs In raj estate t ls1l within
a ratIEs rX'tnhtrE srvrn miles f~'m the S0n.t
tla'se aluIlng the week ending Oetnhcr I, tho
sgxicEate volume IN eaEh direction and the tosa'
In af, lntLg t1nlpa1e.a with The asine for1he tlsc
prG ylous weeks: