The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-03
CHICAGO FoR SAFETY.
Timid Fasteners bringing Jewels and
yaluRbles to City.

y~aluRbles to City.
The discarded stone has found a
place near the corner of the edifice;
Chicago is becoming the depository for
Eastern valuables. Ii Is not meant
that her mammoth safety vaults are
OVERLOOKING with the treasures OF the
wealthy and timid OF the East. but
that a movement in that direction has
set in.
Men will take greater risks and I'M
dergo greater h~ardships to save their
property than to preserve their lives.
With the declaration of war mid
souls-men with negotiable securities
and women with pearls and diamonds
began to look for a safe hiding place
in which To deposit their earthly treas
ures: a place far removed from the
range of Spanish guns and beyond the
reach OF victorious sacking parties.
That no real danger exists did not al
ter the situation. and treasure of all
kinds was hurriedly removed from
New York, Boston and other seaboard
cities. As a result of this fright, Hart
ford, Albany and other provincial cit
les OF New York and New England are
now the repositories of great wealth,
safety deposit vaults there being at a
decided premium.
As the war progressed-or rather
failed TO progress-this feeling of tim
III dlh al Ntf1 toflSiltId-
BILE portion of the most valuable de-
posts OF the northern seaboard cities
have been Withdrawn from local vaults
and shipped inward To publish these
facts can give M aid or comfort to the
Spaniards beyond making them smile.
for better than Americans they realize
their utter inability to capture or seri-
ously menace eve a single coast city.
The movement OF deposits is now
setting I'm toward Chicago and prom
ises to become quite marked before the
season closes. The greater portion OF
the deposits thus TAR received have
been made by people who accompanied
their treasures n secured immunity
for their persons as well as their
wealth by coming to the metropolis of
the West.
Few Eastern deposits have come to
us as yet" said Manager Phelps of the
Central Deposit vaults. but some in
quiry Is being made and that in the
interests of large concerns. Under
present conditions ii is not likely that
any considerable deposits will be re-
ceived from the East. but it indicates
a certain timidity which may take the
form of quite a general shipment of Sc
curities and valuables IL the situation
changes and the north Atlantis coast
is seriously by a formidable
Spanish fleet. This does not indicate
cowardice. but only "A prudent DISPOSE
ton to insure the safety of property,
as n takes out a fire insurance pol
ICY"
such Eastern deposits as have come
to us thus far said Mr.. Boyd. man
ager Of the safety vaults connected
with the Illinois Trus company. have
been made by people who brought their
v~aluables with them. The safety vaults
of the inland Eastern cities are. / up-
derstand, being well patroniZed by
coast people. but the movement has
not generally reached Chicago"
Beyond "a doubt this is the key to the
situation. Property in vaults 80 miles
from the ocean is as safe as IL would
be i'm Chicago or Denver, yet enormous
wealth will be brought here during h
coming season by people wishing To
take advantage of the well known
summer resort facilities of this city
mt the lake region tributary to 1t, and
who are not minded to leave their
treasures behind them. Despite the
pulling of locomotives, the rumble of
elevated trains, the blowing of tug and
factory whistles-all the hustle and ac-
tivity of a great commercial and man.
ufacturing city-they will sleep more
peacefully han in the Older Eastern
cities, whose quiet and tranquility are
liable to be disturbed by the bursting
or shells n the nerCe yellS OF spanish
soldiers engaged in the agreeable task
of looting banks and numbering wo-
men and children.
With Spain talking of issuing letters
Of marque and reprisal and fitting out
privateering fleets, the pleasures of
touring in Europe will be materially
lessened this summer. and the wealth
and aristocracy of the East will have
an opportunity to see some of the Won
ders and enjoy a few of the magniD-
cent comforts and luxuries proffered
by the boundless and beautiful West.
Many of these tourists. attracted by
the climate. beauties and convenience
of Chicago, will linger here, while
those who go further will deposit their
spending money in Chicago's banks
and their loose v%aluables i'm safety de-
post vaults.
Thus war, like Sterne's "ill wind"
does not bring evil to everybody. Mill
Ions of dollars worth of valuables de-
posted here during the coming sum-
mer will never be returned To the East.
their possessors finding that the blasts
of the windy city" are merely pleas
ant and cooling breezes. calculated to
make Chicago the finest summer resort
on earth. while its enormous business
and rich tributary country render IL a
desirable place for the investment OF
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