New-York tribune., 1906-05-13
It's position Is purely accidental ana cannot be
uernarar@

its position Is purely accidental ana cannot be
permanent.
An the leading owners OF downtown property
have decided % rebuild on the original sites ana
70 make these new structures not only fr-proof
but earthquake proof The OF big buud-
ings that escaped destruction are being rapidly
completed, and these win house a large num-
Der OF tenants within the next three months
OF an these buildings the Hayward Building
(Tenaned the Kohl by the widow OF the
German brewer who bought 50 is the only
one which escaped being destroyed Only four
floors were burned. the remainder OF the build
ing being intact not even Tire varnish on ot1es
desks being cracked.
The sharon estate VIII restore the Palace Hotel
in more modern style and Mr. Rirkpstrick
the manager. expects 20 open the new hoseI
within eighteen months. IL viii he an up TO
date hotel in every respect and already olaas
are being made 20 adopt the most nloaera Nav,
York ideas. The assistant manager. MI. Rleh.
will be sent 70 New York within few davs
The lot just across the street from The Palace
/ Hotel site. formerly occupied BY the Grand
Hotel viii become the home OF the soufhe~,,
Pacific company. The railroad people intend
to erect ten-story steel and brick structure
to be entirely occupied by Southern Psefse
offices. For years II has puzzled san Franeisno
why the Southern Pacific should paw a small
fortune yearly fn rents when q might have
owned building for the rent paid IN ten wears
few months bafOre the fire the company
moved all It's general Offices into the Merchants
Exchange Building. supposed TO be hrsproor. IN
safes were stored all It's valuable records. These
safes were supposed 70 be freproof hut IN reality
were cased in sheetiron over steel laths. They
collapsed under heat and the railroad lost many
valuable documents.
General Lucius H. Foote. secretary and treas
urer OF the Academy Of Science. announces thai
tts building will be rebuilt along more modern
INES on the old site in Market street, near 7th
street The old building, with its valuable con-
tents was totally destroyed. but the insurance
amounts TO s150GOO The Wells Fargo Express
company will az once repair its building AZ
Mission and % streets. This was compara-
lively new structure and did not suffer erorn the
fire except in the interior.
The San Francisco Breweries. Ltd.. a large
concern which controls most OF the local brew
cries, win spend 100000 IN restoring all its
corporation is strongly backed By English cao-
italiss' who express their intention Of restoring
all their property as quickly as possible.
The question OF Insurance remains unsettled
The adjusters say they must have time 20 dis
pose Of collateral as the dumping Of a large
amount OF securities on the market would create
panic. Several representatives Of Insurance
companies have asserted that their companies
would not pay for losses On houses that were
/ dynamited. but experts declare that this plsa
| viii not hold, as In a great fire like this. which
swept bare several square miles. the dynamiting
Of certain houses cuts no figure IN the general
result. AS everything was destroyed IL made no
difference what methods were taken 90 cheek
/ the flames
The annual commencement week at the Uni