The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-15
srERNRERe & BRO. GET $4,000.
Their Loss by Fire Adjusted and Most
Of the PnIiciaa Paid

Their Loss by Fire Adjusted and Most
OF the Policies Paid.
The insurance adJusters have completed
their WORK upon the loss Of NJ. Stern
berg s. Bro. in their fire on Broughton
street, on the night Of Feb. 8, and g
satisfactory settlement has been reached.
Sternberg G. Bro. receive s24, 900 for their
loss. It is understood that a much higher
claim was made. and the above-named sum
was agreed upon as compromise. This
saved the trouble Of appraisement and
further delay.
The adJusters who were engaged in the
settlement of the loss were r. 2, Spencer OF
Columbus, representing the Georgia Home /;
John q. Ruse Of Atlanta, representing the
Orient; 7. T. Hay Of Raleigh, n. c., rep
resentlng the Rochester German; DR.. Eli
wood Hendrick OF Atlanta, representing the
Commercial Union; Col J. d. Young Of
Louisville, representing the Royal; and w.
l.. Wilson OF Savannah.
The fire occurred on Feb 3, but the work
Of adjustment did not begin until Feb. 10.
The stock was found In wretched condition
and badly water-soaked. The fire was On
the third floor, whore there was consider
able combustion. On the second floor was
the art room, where there was a large
quantity OF high-prIoed pottery, bronzes,
crookery and bric-a-brac. This stock was
found 70 be badly damaged by breakage.
The bronZes were damaged by the effect OF
the acid from the chemical engine. The
stock on the lower floor was damaged by
water and also by the steam arising from
the water left in the building after ex-
tinguishing the fire. The silverware was
bdaly furnished by rust The large stock
OF fine imported French clocks was greatly
injured by water, the works being injured
SO that they will be required to be sent back
TO the factory and cleaned and reset.
It was very difficult matter to ascertain
the amount of the damage, on account of
the different estimates of the insurance
adjusters and the proprietors; it might have
been submitted to appraisement, but that
would have caused delay of several days.
and the stock had already deprecated
several thousand dollars on account of de-
lay.
An inventory of all the articles on each
floor was secured and an estimate Of the
damage was arrived at. The sum of
SS4, 900 was finally agreed upon. This in
cludes stock, furniture and fixtures. In
surance men who are familiar with the loss
regard this as very fair result and not an
excessive amount by any means, consider
ing the perishable nature of the stock,
which was of character easily injured by
fire ana water.
The total value of the stock outside of the
safe was $50, 900, and .efter a thorough in
vestigation the adjusters were convinced
that there was fully that amount of stock
in the building. The companies interested
10 the loss are the tine Commercial Union,
Royal, Rochester. German, Orient, Scottish
Union and National, Georgia Home, I'm
perial, Mechanics and Traders, Phoenix OF
Hartsord, Atna, and Lion, the policies
aggregating $50. 500.
This loss" said one of the Rdjusters last
night. demonstrates the necessity Of a
salvage CORPS in connection with the city
fire department of Savannah. The use Of
tarpaulins on the first floor during the fire
would have prevented any great loss on that
floor. A salvage corps is attached to the
fire department. in every large city, and are
the means of saving from destruction
thousands of dollars worth of property
Most of the companies have already paid
their proportion of the loss.