Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1904-02-19

has experienced one of tue greatest cal
antilles that ever befell q city in this
country. Hundreds of its handsomest
buildings arc in ruins, its business sec.
ton almost totally destroyed, and thous'
ands of people are thrown out of employ
ment.
The fire started on Sunday morning at
1890 a. M, and ragged with unceasins
vigOr until Tuesday morning, when the
city fire department aided by detach'
ments from New York, Philadelphia,
Washington, Wilmington and other
cities, succeeded in getting 1t under CON
troll.
PERIL POINT SAFELY PASSED.
The Citv's banks are now open and
are paving out money. Business housed
are receiving orders and are confident OF
filing them Streets in the ruined ter
ritorv are being cleared by thousands o,
workmen and altogether great step:
have been taken toward recovery from
the effects of the conflagaratiOn.
Confidence and hope has been restored
10 "A high degree by the knowledge thai
all the cash and securities in the vault
of the DESTROYED financial institutions
are safe and sound and can be put to us,
Immediately.
Federal troops have replaced the Stat,
militia and guard the wealth which il
being taken from former depositoriet
into temporary quarters where affair
are now being conducted.
Excitement and worry have givet
away TO zeal and enthusiasm for tn
work Of making new Baltimore.
SOME INSURANCE PAID.
The Insurance companies are also co,
with the bank people in thei:
efforts TO relieve the financial situation
The largest companies and some of thi
ones. too. have decided to i'm,
mediatlv pay 30 per cent of the amour,
of the claim presented to them where
the loss was total, or nearly so. ieavins
the remainder to be paid after the insur'
ancc has been finally adjusted. This viii
enable many business men 10 RESUME
business at temporary quarters whe
| ave net the means 70 start to go ahead
with their arrap gementS. \ few small
claims have been paid by some com
panies.
citizcus, too, for the purpose Of conSid'
crng the general situation. L. Clay
Timanus, president of City Council wa;
chairman. The sense Of the meeting
was this-and this practically tells the
prevailing spirit of the people. and
winds up the story of the day--"InStead
of despairing, weIl hustle. Instead Of
giving ND orr business, even in this time
of stress. wen reach ont for more Wei
stick by one another, and show the
world what Baltimore men are made Of
$3j, G23, 600 IN TIE VAULTS.
4 fairly accurate estimate of the vast
wealth buried in the vaults Of the wreck.
ed banks and trust companies may bn
had frOm the following compilation Of
figures taken from the last report of the
| nitcd States Comptroller of the Cur.
rcrcv: United States bonds. S4.5,0 0O0
other securities, s3l 0j3, COO total. $685.
Goa, 600
All of this great amount is safe. There
is supp0< rd to be even more securities in
the district than those named. As il is,
the currency kept there must be added
to these figures.
PUTS LOSS At 1926. 600, 600.
One of the expert insurance adjusters
here says:
The aggregate of loss mcntincd by
rarh company has undoubtedly been nm
am convinced that the
total actual loss will he Sl2J. 0G0. COO. Of
which the insurance companies will lose
S75, 600, 600.