, 1872-11-14
INSURANCE AND BUSINESS,

| .A+Se' *A4A 70 hpE40E4aL6A, particularly QY Inc
! newspaper Offices.
| INSURANCE AND BUSINESS.
Special Despatch to The Chicago Tribune
BOSTON, Nov. 13.-The boot and shoa peo-
pie will probably take quarters on piece Of
ground called "Fort Hill, which is bounded by
Broad, Oliver, Purchase, and High streets. Here
the City Of Boston Owls go 900 feet Of ground OBJ
tanned by cutting down hill and disposaeesing
the residents. Adjacent to this tract are many
| vacant lots belonging to some private individu-
ais, and near the India wharf is still another uu-
occupied tract, making in all about 200 lots,
which will accommodate the 800 burnt-out boot
and shoe firms. It is proposed to set up CORFU
gated iron buildings here, one story high, to cost
apiece shout 81, 300. The boot and shoe peopla
are most clamorous and anxious for the imne-
date resumption Of business.
I can do no better about showing the state Of
public feeling than to give you the tone Of to-
days press.
The Boston Herald was the only paper to keep
reporters out to watch the fire on Saturday
night. The following is it's editorial comment
| to-day: ':There has been great loss, but it
Will be widely distributed; and, on the other
| hand, when the insurance shall have been ad-
justed, there will be sudden realization proba.-
bly,, Of not less than S75, goo 600. If the work.
Of rebuilding costs $780, o00, 900, as is estimated,
not more than three or four millions 4
month will be expended, and who can doubt
that this money will be forthcoming as rapidly
see no occasion for the issue Of city bonds to aid
in rebuilding: It is q power which should be-
used only in the most desperate necessity. Tia
apparentreadiness Of the Secretary Of the Treas
sci. BE has no light to do it. There is nothing
in the state Of affairs to justify stretch
Of power. We earnestly hope that the &C.
ton Of tho City Council allowing the
purposes will be- reacinded The CITY Govern
ment have no right to grant the Common to any
body, and there is no occasion for stretch Of
power. We may as well proceed decently and
ing and impnlsive men speak first and lo1destp
and it seems like an ungracious task to opposa
any Weu-meant expression Of sympathy OF prof.
fered aid to the victims Of fire. But We must
city, with Investments all over the countrv, With
necessity Sf'9 of rebuilding iiRe will "n:an eai nao 1ao
use. We see no necessity for extra session
had better be trusted to it's own business men,
who know what they need and what they can
afford. The Legislature having been called, We
hope it will pass such laws as are necessary to
burnt district, and to secure proper safeguards
ii the manner Of rebuilding, and then adjourn'r
The Adre7tise7; which put out on it's bulletin
board twice the loss made by the fire on Mon
it, adopts the Boston Herald position. It sayg
Ibis morning:
"Thereseems to have been some talk in Wash
ngton and New York, but very little in Boston,
He are glad to say, in favor Of issuing more Of
he forty million reserve to meet the emercenc;:
md ne are told as the result of a conference Ea-
Ween mr. Boutwell, and the President ye5ter-
10y, that, while it is the opinion that no addi-
prepared to move on moments notice, and
I'LL act decisi7ely should 4 part Of the
eserve be actually needed. This doubt
9ater "a way Of Of paPIa gPiIaEing g5oof Of er:Es
9ss BY fire Of Or per cent Of the valuation ion
t single prosperous city could be decent ex-
use for it, is partly owing to the exaggerated
ccounts, which strangers among us have sent
broad, OF the magnitude Of the disaster. It is
he business Of our merchants to remove this
rToneous, and in every way Injurious, in
reasion, and this can be done in no better wav
han by showing q determination to make the
3ost Of their own resources without public aa-
'stance, trusting for their return to the in
roved credit which would inevitably result
lerefrom."
'Tis 1udicrous to read Of what strangers are
dated to have sad about the Boston fire, con-
10 loss on its bulletin board last Monday. Il
omes to the average of sense, however. in
3ese paragraphs which close my despatch.
ne a tendency A is already very strong, and the
Eises of various kinds. ''@ It 'D'ei is
orth while to take advantage Of the
resent stress Of fortune, which We all hope,
I'd have reason to believe, will prove but TEN.
orary, to enlist the city to the amount Of
Pc, ,000, 900 OF more in the building enterprises
its citizens. It is represented that individual
edit is not adequate to the present emergency,
ID, IT 1t wefs the resources are wanting Il
as, by the census, S840, ,00o,0 900, and which has
creased at the rate Of about $40, 600, coo an
1a1ly since that time, should not say
feen T. means ne tento OF ,,,,aaRs repairing loss Of
be had without drawing upon the city's
edit: It is confession Of weakness, and
70 city is not weak.
As to the Chicago relief this is what the
ID been successful il hemming in the fire, SO
at they could assure Us that it would spread
, further, Chicago, which suffered so much
ore than re only thirteen 17onth5 ago, tele-
tR t. eenerous a f offers Of assistance. %s
. :ha7e not seen any of the replies made to
s9 Gason but has Gcfgo Ego
.yor Of that city that Boston viii gratefully
,ept the pecuniary assistance. We can apprc-
to the feeling which prompted the Mayors
,1 We 90 90 not not naa %sh to seem ungraeious
think the language used WAS calculated to
lvey the wrong Impression. We cannot
'gine how the money to be sent Us can prop
= be used up. To the middle Of yee-
lay forenoon but twenty-five applications had
n made at Charleston street for relief in con-
uence Of the fire. The district DESTROYED in
aed but q small number Of dwelling houses.
do not believe that S100, 900 in all would ba
uffcient to make good all the property of the
'rer classes which Was destroyed by the fire.
'n1d millions be given US, it wouldba misap~
priation Of it to bestow it upon others than
+ people. We could not grant the use Of it
C1oHt;-,tod IN fbo E@:aItI d..