New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-09-04
PRACTICAL SYMPATHY AROUSED.
READY TO AID THE CHARLESTON PEOPLE.

SUBSCRIPTIONS TO THE FUSDs-LossEs THAT WILL
NOT BE COVERED BY INSURANCE.
Inc Chaotic condition of affairs in Charles
ton renders It difficult for NewYork business to
form any plan of relief Everybody appears to have his
hand In his pocket ready to give as soon appeals
LOT nep assume any definite shape It said that nine
en'ns OF the IRE Insurance property In Charleston
il placed In Northern companies tEdward A. Swain, OF
the Agency says that the place has been
profitable one for companies notwithsrand
log iosses In recent years from the destruction OF cot
ton.
inquiry among bankers develops the fact that there
are 10" loans on real estate in that city by New York
capitalists The people OF Charleston. It is said. are
serehsn and the banking institutions In the city nave
usually been able take applications for loans
Ihe termAniA Bank. which started about twenty
years ago with capital Of $4,000. Is
now worth 100000 They recently reduced
their interest on deposits from per to cent
ana they Will accept no depoAts In sIoess of $1,000
from one Individual II money isnseded by Charleston
from outside sources to rebuild the city there
10 no doubt 1t will be quickly forthcoming
from New-York money lenders. but such
result 10 expected. II stated By officer OF
prominent financial institution that there doubt
es sufficient wealth in Charleston provide for all COM
merciai or business wants IN the present emergency
Inere q considerable German population there. and
with this large amber OF well-to-do idont-
ned The Same officer described the present feeling p
personal safety rather .han any apprehension
from pecuniary point OF view. Tho fire insurance
losses are believed to be rifne in comparison with the
aggregate amount OF destruction not covered by the
provisions OF policies The falling In OF walls the
csmaseto buildings from the results Of the earthquake
with nre cannot be regarded basis for
Claims being purely due to natural causes. against
which fire Insurance companies Undertake 30
vide protection.
The steamship City OF Atlanta Of the New-York and
charleston ne arrived here yesterday She sailed from
Charleston Tuesday moraing and Captain lockwood
Ad no ntimaton OF the disaster until informed OF IL at
uarantlne To TRIBUNE reporter he said BIO heard on
SATURDAY Of the shocks At summervs Whom the great
mss as sea He experienced nothing in tho nature OF
rough, On striving hero yesterday he re-
S S;c Charleston ap.Ga from ss1q
yours very slight. Awful destruction
Inc Western Union officers at one time reported all
operation reduced two. Vce-Presiden Mt Merr-
walls Il was only natural that communication should
suddenly n be broken By the overturnng Of buildings;
soon be In permanent working order.
Professor Daniel Draper, OF the Central Park Observ-
that he was on steamer between Cape Ann and WASH
ngon when the earthquake occurred and therefore did
form nan. any opinion to the cause
indicate that the focus Of the earthquake was In tho
S ou1 Shs was
Incline to the belief that the heavy earthquakes In
Greece In account for the disturbances at
Charleston The great Lsbon earthquake nearly three
centuries ago gave evidence that shock may
Do communicated Immense territory.
Where the movement Is strong that which wrecked
Chareson 1t can usually be traced to volcanic action
and the fact tina; sulphurc odOrs cxstet where
hssnres were created strengthens that theory. The
supposon that spots had anything to do with it
strikes being ridiculous. The electric wave theory
Is another which looks untenabc Earthquakes caused
by expansion and traction nearly spring
and autumn in Westchester County and the internal
vibration caused by the Charleston earthquake may
have had the effect Of hasenng the regular Weschester
earthquake"
The folio additional subscriptions for the Charles
ton earthquake sufferers received by The TRIBUNE
rHa