The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-14
ESTIMATES OF THE LOSSES.
Value of the Property Destroyed and the In
surance Upon 1t.


Value of the Property Destroyed and the In
surance Upon 1t.
Amid the confusion and excitement of the
hour, it was simply impossible to get anything
like reliable estimate of the losses great
many of the proprietors of the destroyed stores
were on the ground, but they were overcome
with the sudden and unprecedented disaster
that they could furnish little informa-
ton The fire right in the
heart of the wholesale section of the city, and
the stores destroyed were all among the largest
the street It is a season of the year, too.
when the huge buildings packed from cellar
to garret with goods. The spring stock of
goods had just been slowed away. and thou
sands upon thousands of dollars that had left
the safes Of the merchants only few days-r-Eo
went up in flames.
Only yesterday Pearson 81 Wetzel, the whole
sale queensware dealers, paid 81 800 in duty on
goods they had just imported from China, and
only last evening the goods were placed in the
store room OF their building. Absolutely moth
ing of their stock saved. The
building adjoining D. P. Erwin on
the east side Of the street, which was partially
destroyed. was built especially for Pearson &
Wetzels use, and they were to have occupied 1t
in few weeks. With the end in view of max
ing grand display in their new quarters. they
had purchased extensively and had the goods
stored in the building destroyed. The building
they occupied was owned by V. T. Maott and
p. Fl. Jameson. and is. of course. total wreck.
The loss falls heavier than c. B.
Cones Son & Co.. the great overall manufact-
The building they occupied was owned
by an Eastern firm The Cones firm occupied
the entire block. using every room. from the
cellar TO the garrett. They employed several hun
dred girls in the manufacture of overalls These
girls, of course, will all be thrown of en-
ployment. The factory has been operating an
unusual force of employees since the beginning
of the year. and the fire found them with an i'm
mense stock of both manufactured goods and
raw material
Tanner & Sullivan were the leaders of the
wholesale trade in tinware. They not only did
a wholesale business but they extensive
mandatory connection with their store.
They owned their own store-room. and their
loss consequently goes way above 500, 900.
Lewis Dessar was not as heavy loser some
of the others, but his damage very great.
The damage was much from water from
the fire. and but little OF the very large stock of
carried was saved from some damage
He could not furnish estimate of
his loss but it will reach several thousand dol
lars The building he occupied was owned by
E. F. Claypool, and was damaged to sthe extent
of several thousand dollars.
The loss to D. P. Erwin & Co. is perhaps as
heavy as to any of the unfortunate business
men His store $50 feet deep by 80 feet
wide, and four stories high. The lower floor
used the salesroom. and the
rooms. He carried full stock of goods j n the
various departments and one dollars worth
was saved. The firms loss on stock alone is
tinated at from $50, 900 to 5000 000 and the
building, which erected by the firm several
years ago. cost in the neighborhood of $50, 900.
George W. Stout's business block which he
went up in the flames He occupied the four
floors OF the block in his wholesale grocery bust
ness. and had thousands of dollars worth of
stock stored every floor. The loss on
binding
was valued at not less than $4,000
A half-dozen other firms sustained damages
running into the thousands but reliable
innate can be made their exact loss until the
stock is examined Their damage was mostly
in the way of smoke and water. The memb evs
night, all believed that they carried assurances
sufficient to almost meet the loss It has always
been the custom of the Wholesale firms to carry
a very large insurance. and they all. far
could be learned, are in good condition to meet
the great calamity. Below given the most
reliable estimates of loss and insurance that it
was possible to obtain:
GEO. w. STOUT. wholesale grocer
On building. $50 900
On stock. $4,000
D. P ERWIN & &C.. Wholesale dry goods
building owned by John c. Wright
On STOCK 200 900
PEARSON 8 wErzEts wholesale queens
DuikdtnS oWflca Dy l. MasotL
and p. II. jameson
On bnildinc Observation-Disclosures $50 600
ON stock OBSERVATION-DISCLOSURES 175 600
TANNER & SULLIVAN wholesale timers,
building owned by Berkshire I4ifo Insur-
Company
On building. S35. 900
On stock ACKNOWLEDGEMENTS. 65, 900
{. B. CONES & Co. overall roanufac.r-
On building ......... $50. 900
On stock 125, 900
MCKEE Il BRASBAM. boots and shoes.
building owned By Berkshire Life lnsur-
On building. s25. 900
On stock ACKNOWLEDGEMENTS. 10000