The Montgomery advertiser., 1904-05-31
COMPRESS IS SECURED
VISITED BY FIRE READY
 FOR BUSINESS.
Losses by Sundays Big Cotton Com migration to Fall Heavily ou Insurance Companies--Pres-
 fdent Hanson Here.

The Atlantic Compress Company, though put out of business by the burning of It's plant Sunday morning. opened for service yesterday, havins secured the Montgomery Compress on which 1t had lease.
 The burned property was owned ny the Alabama Compress and storage Company, being operated under lease by the Atlantic Company. Cotton was received yesterday morning and was handled as usual.
 President c. c. Hanson of the Att lantic Compress Company, was notined of the fire early Sunday morning at his homo in Atlanta, and he arrived In the city in the afternoon, accompanied by his private secretary. J. G. sulli- van, He began work at once to get ready for business and opened up yes- terday as a result of his enterprise.
 President Fisk of the Alabama Com press and Storage Company. said yes- terday that the story of the ire print ed in The Advertiser, was correct in every particular.' The loss and insur- ance figures were given as they really are, he said.
 MT. Fisk said the buildings and plant complete would be restored as soon as possible, work of rebuilding to begin when all matters of insur- ance are adjusted. Like the burned structures and equipment. every facil- ity of the new plant will be modern. A number of new things in the way of protection against fire will also be utilized. One of the weaknesses of the burned warehouses. was the fact that there were openings near the roof of each covered with wire netting. With the heavy wind at the time of the fire the flames were driven through the wire meshes and thus transmitted from one building to another. In the new buildings this will be left off, and the walls built up to the roof, form ing warehouses very much like those used by cotton mills. and on which there Is a very low rate of insurance.
 More facilities for fire fighting will likely be provided in the new build ings. They will be put up with every requirement. of the fire insurance com panies.
 This fire brings up anew a discuss sion of the placing of cotton insurance in the South. It has long been claimed by Alabama fire insurance men that they have been deprived of their just rights on cotton risks. So far as can be learned it is the plan, at this time, tor all cotton to be covered by the marine companies, with the shore end reinsured in regular fire companies. This reinsurance is placed usually by brokers, and the companies taking care of 1t are not always generally known. Some profess to think that lines of this character have been given com panies not authorized to do business in the State, and a close watch is to be kept hereafter to see thGt nohinK is successfully carried out along this line.
 Though there Is no intimation that the cotton burned Sunday was carried by any but regularly licensed concerns it is hoped by the insurance men that names of brokers and interests repre-. scented may be so advertised that there will be no difficulty in telling just ex- actly how and where the business is placed after the settlements of losses as result of the big blaze.