The Providence news. (Providence [R.I.]) 1891-1906, 1902-02-13
Esilmlts BY Insuranc, Mln Of
Cost Of Fire al Paterson.
INSURANCE ABOUT s3,l2s,Ooo.
Payment Of Claims Has ALREADY Begun.
The Number Of Companies Having Risks
On Ruined Property Is 12).

Paterson. Feb. s.-Reprosentatives of
the insurance companies that have been
directly affected by the fire have the situ-
alton so we'll in hand that meet
ing here yesterday they practically
cleared up the question as TO what the
actual loss to the companies would be.
In round figures 1t will amount TO sS.-
12S,OOO. When the last table is made up
II may show a difference OF $500, or even
$1,000. one way or the other but conserva-
tive estimates based on the figures se-
cured from those who have sustained
losses, indicate that the loss TO the in
surance companies will reach the figure
mentioned.
AS TO the total loss the insurance men
are not now In position TO speak with
so much certainty. because of a lack or
data upon which TO base estimates.
The First National Bank building, VAL
ued at $4,000, was insured for $4,000.
The City hall, which cost almost half a
million dollars TO build was insured for
a comparatively small sum. IL was so
in many other instances. so that II Will
be some days before any estimate can be
made as TO total loss OF those whose
property was destroyed In the fire.
So far as they can get at IL now, the
insurance men believe the loss all told,
will amount TO no more than 100000
The insurance companies have already
begun to settle claims. Several checks
were paid to policy holders today. other
losses were reported as ready for adjust
ment, and the committees representing
the companies affected were appointed to
get the various claims In shape for set
tlement.
That was the principal business done
af hp ma Of he where
more than 100 companies were represent
ed. One hundred and twenty companies
are affected In all. and Of theSe IL now
looks az II the Germania would suffer
more severely than the others.
The Germania. IL Is reported, was hit
to the extent of s250,0O0, with the st.
Paul in the second place with losses ag-
gregating $150, 600. The exact amount of
loss sustained by each company will be
known definitely in a few days. as the
! companies expect to have the whole mat
| ter settled up by the end of~next week.
There were more applications for re-
| lief and assistance yesterday at the ar
| mory and to the members at st. PauPs
| Z. Il. church than at any time since the
| catastrophe.
To some wood was given, while others
| needed clothing OF which there was an
\ abundance. In several instances house,
| hold furniture was given to those who
| lost their possessions in the fire and were
| anxious to start anew. In still other cases
| an unusual expedient was adopted TO help
| those who were willing and able to help
| themselves, If only a start was given to
them and who did not care to accept
| charity.
Money. sums needed, was given on notes
| upon which no interest will be charged.
| Those notes were all for a year and those
| who gave them said they would redeem
| them within a short time, as all they
| needed was a chance to get on their feet
Funds and supplies of food. clothing
| and furniture are still being received In
such quantity as to make good the state
ment OF Mayor Hinchliffe, that no outside
| aid would be needed. The relief COM
mittee reported today having received
| $4,000 to date for the work II has In hand
| True to the promise made the day after
the fire, the actual work of reconstruc-
| ton was begun today.