Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1872-11-13
HOUSES BURNED.

aPiNNBNAs ION ~ W., F0lCllhthHbh 1DlON.1
ID. z. Low & Co.. Despaux, Blake & CO.,
A. d. Williamson & Co., Rice, Kinsdall
d Co., paper dealers. The material of the
Transcript was put in the cellag. Some of
it may be saved. The walls of the Post
will propably stand.
The confagration was checked at l
o'clock after fifteen hours havoc, after hav-
ing destroyed hundreds of the most costly
dwellings in the country and having tenn
porarily paralyzed the Shoe and Leather,
Wool and Dry Goods trades. Not one
Wholesale Shoe and Leather establish
ment is left. Wool houses suffered in like
manner, and Dry Goods and Jobbing
houses are few and far between. The 9th
regiment with detachments from other
regiments are on duty protecting prop
erty.
New YORK, Nov. ll.-There is no truth
in the sensational dispatches that the fire
i'll Boston has gone beyond the limits
reported in the six o'clock dispatch this
morning. The burned district is watched
and the fire is well under control.
INSURANCE ADVANCED.
pHIDADELPHtA, Nov. 1.-THE great de-
preston in the stock of cotton, groceries
and breadstufls is without marked change,
but the wool, leather, boots and shoes is
held for a material advance.
The Board of Underwriters held meet
| ing this morning and in order to prevent
the policy holders from tranferring their
| policies to other companies advanced the
rates on merchandise 50 per cent. and Oh
all special risks % per cent, and to take
effect Immediately.
| -Etna Insurance Company Of Hartford ha,
bulietined at its office here, that its loss by the
! Boston fire will not exceed one million dollars,
and that its financial status will not be affected
| thereby, its capital being $5,000,0Oo.
| WAsHNGToN, Nov. 1.-THE Secretary o.
the Treasury received n telegram this morning
from the President of the Merchants Bank Of
Boston, saying There is no use for panic il
the banks stand firm. The loss is large hut il
falls upon persons who genenerally are able tl
sustain it.
1t is thought at the Treasury that the
! fire will produce no serious effects on
finances. The probabilities are that Bout.
well won't interfere.
| From information received that so far as
the Treasury is concerned no losses have
been sustained by the fire, the funds and
books being uniniured.
| Boutwell, has received dispatch tha
the postoffice and sub-Treasury is burning
The mails are safe. Faneuil Hall will b,
used for the postoffice.
The leading bankers telegraph Boutwel
the loss generally falls upon those able t,
bear ii.
BosToN, Nov. l0.-The places of custo
dy for thieves is overwhelmed They ar
only arrested to be discharged.
Residences of the Fort Hill section ar
destroyed, including Gridley High an,
Broad streets, rendering hundreds Of fam
lilies homeless
LATER-The fire has crossed Washing
ton street
The new fire has been subdued. Jordan
| q Marsh's store is saved. Camp d Love-
is burned.
Boston, Nov. ll.-Nine hundred and
thirty business houses and firms wer,
burned and sixty dwellings and lodginl
houses. The fire is now confined to thu
ruins. No further apprehensions of danger
are felt. A large numbero of engines are OF
watch. The saturday EcoRing Gasct
is burned, and the 7 ark house is damaged
slightly.
Three hundred families are homeless.
The local insurance companies. will be abl'
to pay about fifty per cent on their risks, bu
capitalists are coming forward literally, and al
may be able TO continue business.
The average loss is about S5000O0 two reach
ing $1,000 Savings Banks are all secure.
The EceH'Hg Transcript appeared to-day
printed at the Globe Office
Boston, Nov. 1.-THE pension agency
with safes and personal property, was
| burned. The papers We're saved. The
Purchasing Navy Paymaster's quarters
were burned. The papers were all saved
The Boston mails arrive and are forwarded
as usual. The military guard for the burnt
district is reinforced by battalion of cav
airy. Three of the seven banks burned
failed to settle at the clearing house, viz
| Fireman's, Shawmut and North America
The Mount Vernon, Hide and Leather anC
Everett Banks saved most of their valu
ables.
PHILADELPHIA, Nov 1.-THE insuranc,
companies here lose about S20O0O0O
NEw YORK, Nov. 1.-THE panicky feel
ing is dying out, though little business has
been transacted to-day in wool, hardware
leather or dry goods.
Assistant Secretary of the Treasury
| Richardson is consulting with capitalists
1t is stated that Secretary Boutwell, has
stopped the withdrawal from banks o
greenbacks deposited some time since to re-
lieve the market. Gold is more quiet al
! Sl.l35.
CINCINNATI, Nov. 1.-THE banks gen
orally are pursuing n conservative course
They are accommodating their customers
butt here seems to be a general disposition
among them to act carefully until they car
more accurately weigh the probable conse
quences of disaster.
The following conversation recently oc
Cured between the seVen-year-old son of 1
prominent official of the Pittsburg, Cincin