The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1904-02-17
BALTIMORE'S Big FIRE
Monumental City Recovering From Ef-
feets Of ConfIagr alton.
TOTAL LOSS PUT At si15,ooo, 900.
Confidence and HOPE Has Beea Restored to a
tigb Degree BY the knowledge That Al
the Cash and Securities In the Vaults Of
the Destroyed Fibaueisl Institutions Are
Safe and Sound.

Baltimore Md, Special. .- Baltimore
has experienced ono of tue greatest cal
antilles that ever bcfcll a city in this
country. Hundreds of its handsomesi
buildings are in ruins, its business see.
tion almost totally destroyed, and thous.
ands Of people are thrown ont of employ
mcnt
The fire started on Sunday morning at
1890 q. M. and ragged with unceasing
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 il under con
trol.
rERIi POINT SAFELY PASSED
The Citys banks arc now open and
arc paying ont money Business houses
are receiving orders and are confident of
filing them. Streets in the ruined ter
| ritory are being cleared by thousands o.
workmcn and altogether great step!
have been taken toward recovery from
the effects of the confagaratiOn.
Confidence and hope has been restored
to high degree by the knowledge tina
all the cash and securities in the vault,
Of the DESTROYED financial institution.
are safe and sound and can be put TO use
Immediately.
Federal troops have replaced the Stat,
militia and guard the wealth which is
| being taken from former depositoriei
into temporary quarters where affair
are now being conducted
Excitement and worry have giver
away to zeal and enthusiasm for III,
work of making new Baltimore.
SOME INSURANCE PAID.
The insurance companies arc also co.
| operating with the bank people in tbeii
| efforts To relieve the financial situation
| The largest companies and some of thi
smaller ones. too. have decided TO i'm
mediatly pay 80 per cent. of the amount
of the claim presented to them wher,
! the loss was total, or nearly so, leavins
| the remainder to be paid after the insur,
ance has been finally adjusted This will
enable many business men TO resum,
| business at temporary quarters wht
have not the means TO start to 20 ahead
with their arrangements. A few small
claims have been paid by some com
/ papies. ".sS- 4r~b 49, .v.I"- u
There was an enthusiastic meeting o.
citiZcus, too. for the purpose Of consid
ering the general situation. E. Cla,
Timanus, president Of City Council wal
chairman. The sense Of the meetinj
was this and this practically tells th
prevailing spirit of the people. ant
winds up the story of the day" "lnsteat
of despairing, we'll hustle. Instead Of
giving up our business, even in this tim,
of stress, we'll reach out for more. Wei
stick by one another, and show tn,
world what Baltimore men are made Of.
S3j, 623, 600 IN THE VAULTS.
A fairly accurate estimate Of the vast
wealth buried in the vaults Of the wreck
ed banks and trust companies may b,
had from the following compilation oi
figures taken from the last report of the
United States Comptroller of the Cur,
rency. United States bonds, 81, $40, 600,
other securities, S81 053, 900, total, S35,
623, 600
All of this great amount is safe. There
is supposed 10 he 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 sl25, 600, 600
One of the expert insurance adjustcrs
here says:
The aggregate of loss mentined by
each company has undoubtedly been un.
derestimated. I am convinced that the
total actual loss will he Sl25, 600, 000 of
which the insurance companies will lose
probably S15, 900. 600.