The Montgomery advertiser., 1904-02-21
THE REBUILDING
 OF BALTIMORE
The Town of Pluck May Succeed the Time-Honored Name of
 City of Monuments.

Baltimore Feb 2o.-(special)- )-sum. marking the situation in Baltimore ten days after the great fire the Manufac- turers' Record says this week:
 Baltimore has resumed business. It Is l true that at no time did 1t entirely stop ! business because of the great fire of February 7th-sth. though there was a practical suspension of it in many essen. tial lines. But within ten days after the catastrophe and before the flames had entirely burnt themselves out in parts of the devastated section the city had so mot the situation as to warrant the con- viction that its trade will be within an aimcst incredibly. short time following It's usual channels and in greater volume. Many factors have contributed to this end A most important ore Is the finun. cial situation.
 There has been. of course, an enor- nous loss of actual currency in the ag- gregate. through the destruction of ;si- diyicual or osfice safes in which 1t had been placed, but the Tact that the vaults of all the national banks, the savings banks and other financial institutions were found to be intact with their con- tents was a decided backing for the buoyancy of spirit witt which the peo- pie of Baltimore faced the disaster It Is said. indeed. that no depositor in Baltimore bank will lose penny by the fire A
 'The readiness with which such bod les as the clearing house committee of New Yor. met in practical wisdom the question of the legal holiday declared fer Maryland by Governor Warfield and the p-omptEess of the general govern ment Is moving to Baltimore coine and notes to meet every demand of the na- tionai banks added immensely to the feeling of security for the present and hopefulness fer tho future.
 Monday, Feb. 18th. the first clearance between the banks since Saturday, FeS. 9th, materially helped the business sit- uation The clearings, naturally heav- fer than usual. aggregated ss.sOo.oOO and the excess of credits oyer debits amounted to more than 100000. show ing the splendid condition of the banks, more than half of the number of which are occupying temporary offices. On Mon- day to-, the different savings banks re- sun,td business and all reported that de- posits had been made during the day.
 The experiences of the largest in the city. having more than 25,O00 depositors and assets aggrcgatiHg more than 2o,- 000,0 900, was characteristic of the experI- erce of all. This institution which by
 
 and, judicial authorities. has its quar- ters ir one of the offices of the court house. received . number of deposits of from s to $100 to meet the ordinary requirements of depositors. At no time were thsre more than D persons in the | bank.
 This institution. like the great major | ity of those in the city, had abundant currency on hand and its funds are In- vested in gilt-edged securities beyond even the reach of such a confiagration as BaltImore's There Is no apprehension | that the supply of money for immediate 1 use in Baltimore will be inadequate to the | needs
 "Yn the sub-treasury there are now more than SIS. 900. 900. an amount greater. in the judgment of the Baltimore Clear ing. House, than Is necessary for the | probable business demand. but as soon as Secretary Shaw was advised of the situation he did everything in his power l to simplify 1t and to make possible direct | shipments of large funds to pay all de. | poSits that may be at other sub-treasu- I ries to the credit of Baltimore banks, it | was arranged for payments to be made | by wire through the Treasury at wash | ington.
 'Frhe great wholesale houses of the neighborhood where the fire started have found new temporary locations. theis
 salesmen are on the road, train loads of stock are on the way to Baltimore, and, | generously aided as they have been ty
 the manufacturers agents and by their
 own customers, they will hardly, 1t is be- lieved. find 1t necessary to avail them selves of the suggestion that ordinarily