The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-07-26


on dropping into an office near the Board OF Bro
kers he came across one OF the most genial mem
bers OF the Board Was the reporter determined
to interview" hmf That was his great and only
fear. He was full to the brm OF
SORTS or INFORMATION,
but he would give il condition, and that was
that the knight OF the quill would not make men,
ton OF his name. The condition was accepted and
a confab ensued.
Are you aware, sir" began the reporter, that
:he losses of the company by the fire in Jersey City
last night are set down at about If not above three
millions Of dollars ~
81 am" was the curt reply
And Is that set down statement correct S'
Very far from itn
DO you .eak rom belief only9n
~ speak from what know. The Losses incurred
win not at the maximum go beyond 500, 0Oo.n
81 do not; but mean TO say that have consulted
with several or our people, and we know that the
"Was the total loss covered 10y insurancea''
1T was fully covered and TO spare"
"Well, thanks to the good management of the
board which was our immediate predecessor all
THE PROPERTY OF THE COMPANY
was insured in proper manner"
"But in what way were the shops that nave been
burned and their contents insuredY"
.rhey were fully insured under general
thing"
'NNL necessarily"
sures the property OF the road for 81 goo that
only $1,000 OF That covers the shops destroyed. Is
that the general proportionr
ION, dear,ho; your Information may be good as
TO that one insurance company but beg leave to
doubt 1t. You can rely upon this: the losses are
fully covered by insurance.
"Dd the company insure itselfY'
Nothing OF the kind. The late management
under General DIX, insured all the property under
general pollcy.o
team you give me the names of the insurance
al cannot; nor can any other director, for the
reason tnat 1t Is deemed rs yet unAdvsable to
MAKE THE PARTICULARS PUBLIC"
'And why, playY'
"Wel, do not that we are obliged to make
the matter public but it has been deemed best lor
awhile not to make public exhibit of tie in
surances. The company has nothing to fear, but
the insurance companies Interested, understand
have re iuested that for the time being we should
not publish anything about the matter"
HAS the company any idea how the fire origin
atedyn
"They have their opinion about the thing"
Does mat opinion suspect any person or persons
oflncendarisniY'
~ do not know; you had better wait awhile before
jumping TO any conclusion about the matter"
ais it suspected that the men living in Jersey
City formerly in the employ OF the company at the
shops did
THE WORK OF DISTRACTIONS"
1T IS not; for the reason that the majority of
the men working in the shop lived In Jersey City
and It's immediate neighbOrh0Od."
The conversation about the fire not eliciting any
thing very ticuar the reporter rose to take his
ltdNe, puI was suuuculy TcIiIHucu VI an dTliCc
which appeared in morning paper relative 10 the
proposed prosecution OF Daniel Drew for the recoy-
cry OF 100000 shares OF Erie, which were in litga-
ton some years ago, when the great contest be-
tween Vanderbilt and the Erie was at its height.
Taking q "cippingn Of the article from his vest
pocket the reporter handed 1t to the director who
read it attentiyeiy and then burst out into loud
laugh.
what Is there In it?" asked the reporter.
"Nothins whatever. 1t IL
CUT OUT OF WHOLE CLOTH"
"Would you be likely to know II there was any
such SUIT in vew?n
III think would; In TACT l know would, for l am
one OF the special committee whose business it
would be to arrange matters before suit would be
begun of this character
''Ihen you assert that IL is all boshS"
81 do: to tell you Me truth, think somebody has
put up job as the slang is, to scare old man
Drew; nut don't think he Will scare much on such
llimsy grOund.n
This ended the conversation, when the reporter
Withdrew