The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-11
LIBERAL INSURANCE PROMISE.
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10, u. r,s.po n lstill'v fo' datnaees
b, r..a. ,ns AMI earthquake ona ~ The
rH,. .. |..,uiets sid to-day
.ftuIrs ~ not Responsible Tor
Isfr"s va ~ not insure
-. ..uH. u,se, aht you may 10 surs
&c. ..uptnies vii br aiferers IN
IA. u,... ttfher than policyholders,
H., ...Irr Wa thrown dpWnby tho earth.
.,,s. ..I ,hsn burned two days later lts
,,rs ,t tI, lime n WIS burned vas not
.,. t ,,a I.f1rc the earthquake.
p.t . .s .rtfnin that polioyholdcrs will
r many ~ nearly all instances that
r., ...tv aiTercd almost no damage
,-,, ~o.r'U.uuka Thsy will be ready with
,.., ...,ta and the companies cannot
.,r.n, them I'm his way most ~ tho
o,r,pl,lU,n ssos in tho burned district
mit o." H1iI
Then, q n1' the al, ghtost doubt that the
.,.ur,n.r COMPANIES will have 20 pay all
.,.-.a .t 4rI by the dynamlting OF build
,,y. %, IN v mt the spread Of the fire. I
..nmitioI that question to three lawyers
,,J they an agree that we mus, pay just
a.tfIY.- wern caused by water from fire
eng ue-
If the building in which we are was on
er and water used to put out that fire
AVOIDED the buildings next door we would
hive to pay the loss by water damage.
though We 10 not say we will pay losses by
wttcr
NJ insurance losses people must be patient
II the insurance companies were forced TO
'hr,w nil their securities on the market
Al once there would be a financial panic.
Nv company could not stand a shrinkage
Of 81 coo NOO or 81 900 goo just now on top
~ NH its losses. SO the companies must
have reasonable time to get their money
The banking situation approaches nearer
normal with each day that passes. One
Of the vaults of the BAN Of California was
opened Yesterday and everything within
was found as perfect as the day it was placed
there II is believed that the vaults of
the other banks may be opened without
danger.
committees on structural plans II is safe
--.l,,t ,hnt thara yril ha M limit MIN raH
on the height Of buildings within the
fire limits. Tn question has been a mooted
one since the fire, but the members Of
the committees are almost unanimous in
declaring in favor Of an unlimited number
of tories for a Glass A" structure.
San Francisco is to have a fifteen story
steel building constructed after the manner
of a steel ship. All the walls are TO be OF
= steel plates. 1t will be the first building
Of its kind in the world. 1t is the George
whit.eil building and md its framework ua, with
S2I5, 600 and will be ready for tenants IN six
months,
Twenty-one days have passed since the
beginning Of the fire, and still flames are
leaping from ruined buildings near the
waterfront Five large fires were counted
yesterday in the vicinity OF Spear and
Beale streets.
The most curious Of these lingering fires
was at Mission and Spear streets, where. on
the site of the Brandenstein warehouse,
huge piles Of coffee are still roasting, though
bng since overdone.
Several tons Of tea are doing their best
to add to the aroma. Another fire, which
promises TO outlast all the others, Ia in the
premises of the Richmond Coal Company.
where many carloads Of coal are burr ing;
Beginning tomorrow at noon, II Is planned
by Major Fobiger to have five stations
for the distribution Of hot meals. Meals
will be furnished to all who apply at the
uniform rate of 10 cents. Any person
unable to pay the price of a meal win get a
ticket at the relief station.
The San Francisco that remains will
Ron have gas for illuminating and cook
ing, In answer to an inquiry Of Mayor
Schmitz, ". H. Leahy said: 1.-THE mains
have been repaired at every point where
it was in the least suspected that there
might be a break and gas will be turned on
probably on Monday"