New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-10-17
CHICAGO.
ACTIVITY IN THE BURNED DISTRICT

ONE INBRED TllOl SAND ilo"''l.
IBY TELHRAPH TO THE TkibCH"I II, ho
,,.. o. ~ For, worker that couid DC
,ress,d into service for love or none! mas wv ~
work TODAY rebuilding and recons, ':le,o &c
evil Of careless benefactiOn has wrought -,
cLict and ont of the immense numbers "a -
,I at q tenth mart of the needed tOrce
can h, obtained to run np .no NV
49,, oo,,,roctcd for and actually in progress
TIL. cannot be- less than 5000 abe-oouleu men
ont If enuIr~ ment. yet 50 demoralzeu are 'ney W
to,, iors Of idlcness and GTatuitous living that
r..'o,on5 o1oof and take no part in the pressing
emergency now at hand As high as 50 an hour has
r., Maid bv great firms in urgent cases. The Re-
1;,f Associa;on has been forced to adopt vigorous
necessities and the system of starvation may be tried
,o hiring these men TO their senses. With such
+o,ces As could be obtained, however, the work Of
buildinC was carried on yesterday and to-day, and
the result is almost incredible Along the lake
fronting Micigan-avc., there are more than 100 i'm
mcDse frame one-story warehouses in progress, and
some of them actually rooted ill., and ready for
patton tomorrow or next day. The first steps have
been taken to set the judicial wheels in notion, sew
er Of the schOOhOuses being appropriated for court
and chambers. law library is to be borrowed from
sncghhorinG town, and very soon the lawyers will
have occupation as well as the rest Of the crippled
trades
THE FINANCIAL SITUATION.
Tomorrow the Chicago banks resume IN full and
II is announced from Washington that the National
Banks are in condition to continue operations and
arc authorized to do so from the Treasury Depart
ment. The Controller of the Currency has made
personal examination, and himself announces the
fact III printed card to the public. AS may be
imagined, all those unexpected glimpses of good
fortune when all was imagined lost has inspired in
business circles hopeful buoyancy, which will do
much to keep mp the spirits of the city under the
depression of actual troubles and future trials.
The unexpected aid from a majority of the insur-
Ance companies is, however, the theme of greatest
comment and hearty satisfaction. In the first awful
moments no one hoped to save even relic All was
imagined lost 1t did not seem possible for any num-
Der Of institutions, matter how rich and well
dowcd. up to the burden of such mighty sums
q went up in the flame and smoke of those two de-
Stroving days. The Manhattan Of NewYork, although
the effort forces it to suspend, means to pay every
thing 10 the assured. The local insurance cOmpa-
nles are entirely and rrecOverably crushed, but will
probably return a small share to the insured. The
Home of Ncw-YoIk, through its agents here, an
nounccs that the early statements Of its liabilities
we've greatly exaggerated, and that instead of
100000 the Company loses $2,5OOOOO and will pay
every cent without trouble.
WHAT THE RAILROADS ARE DOING.
1t is however no exaggeratiOn to say that the sal
vaton Of Chicago depends the railroads and these
vast corporations have not for instant seemed
insensible to the duty that rested on them,
although suffering heavily Every line in the coun
ty 30 far as heard from, have aided by free trans
portatiOn, and actual donations of money, in
Uuccoring the people to rebuild the CITY, |
With every facility taxed to the utmost, |
these gigantic concerns now actually |
rebuilding their depots. and replacing al that has
been destroyed. The great Union Depot will be up |
again in very little time and the other depOts In
the hands Of the contractors already. 1t is a COM
ment on the marvellous good management of these
institutions that during the seven days of anarchy,
terror and destruction, not life has been lost not
apseksge missed, and scarcely tram belated.
RESUMPTION OF TRADE.
Tbedaly papers, almost as well appearing as be-
fore the catastrophe, now published regularly, |
and receive a splendid business. The regular stock
and financial reports make good showing and 1T |
seen that the regular routine of trade is |
steadily reasserting itself Cattle are still |
shipped largely, and this great branch
Of Chicago's ancient wealth promises to suffer
no diminution by the temporary interruption Capt.
t in every conceivable form preparing to pour in
A great list of new banks is announced, with
Canadian and English capital. The great Bank OF
Montreal is to establish q branch here with q
fabulous capital A Western capitalist is also about
TO start q private bank with $5OO,OOO.
REAL ESTATE sPECULATIONS.
Rents went up spasmOdically under the impulse of
the business hegira, but they will very shortly be
readjusted, when the great wooden warehouses now
going up are finished. STILL for long time to come
the Easements Of the handsome private resi- |
dences on Wabash and Michigan-aves. must be |
used for banks and other business of like nature,
and the rents of private dwellings must con- |
Gnue high in consequence; but there will be |
no opportunity for corners" in real estate, as |
several over-gullible WaIl-st. sharpers intimated.
There have been several cases where shrewd men |
have bought up leases and rented buildings at 500
per cent advance. Onetman, while his foundery was
disappearing in smoke and ashes, bethought himself
of tumble-down editce on Canal-st, straightway |
occurred it at rental of $780, and now rents it in
rooms and offices at $4,000, and has still room in
1t for himself Sales Of real estate substantially
the same before the fire. and that indicates pretty
veil the disposition of the business men.
The scarcity of help affectsfthe grain market some
what Several vessels now lie at the wharf await
nSmen to unload the cargoes, but the owners are |
not willing to pay at the exorbitant rate of % an |
houI az the men prepOsterously demand.
NEARLY ONE HUNDRED THOUSAND HOMELESS PER-
SONS.
As elOse an estimate as can be reached puts the |
houseles at 093lO. This is not guesS-work, how
ever a. the official lists show the number Of houses
eod the number Of people in the burned division.
vi course, all of these not the charity OF the
SoWD Many retain slight sums from the banks,
end have other resources but the great ma
Ionty must be cared for in some way
during the long Winter that hOvers over
Sne northern country. The sufferers are now
under the control Of the best citizens of the CITY,
yrna a n A.