The herald and news. [volume] (Newberry S.C.) 1903-1937, 1906-04-24

:
we feel certain that the people will
act with the banks and not try to
make a run. 1t was
Dangerous Walking
in many parts Of the financial dis
tricts, for the walls and pavements
are very hot and one stood in danger
Of scorching off his shoes. The heat
between the buildings is sitting. But
the fire in this part is dead. The
building of the International Build
ing and Loan association is wreck.
The vaults are bulged, but the officials
say that the securities are safe. The
vaults Of the London, Paris and
American bank are all right When
the underwriters take stock on this
fire they will probably find that it was
not nearly so hot as the Baltimore,
Chicago and Boston fires. 1t would
damage building taking a floor or
two, and pass on. The people lay this
to the lazy burning of the red wood.
On the other hand there were centers
Of the fire whirlwind where every
thing seemed to be fused, melted and
ruined. g:
Proceeding Up Market Street
toward the ruined City Hall, I found
the Grand Hotel razed to the ground.
The walls Of the Palace hotel are
standing, but the building is loss.
The Examiner building is gone. The
steel frames Of the Call building, the
highest i'll the city, saved it, and fire
III its interior seems to have stopped
short of its top. They may be able to
save the walls. The ground floor,
where the National bank Of the Pa
cific was housed, is a complete wreck.
1t is not possible to get at their
vaults owing to the wreckage. = I.
The Parrott building, containing
the Emporium, the largest depart
ment store in the west, is gone. The
front wall and part of side wall
are gone, the rest are down. This
contained the quarters Of the SUI
preme court of California and the
best library on the coast. The records
and the library are destroyed. Be-
tween these big Market street build
ings were lot of small and old
structures of brick. The fire played
ducks and brakes with these. Most
of them cast the walls in the street
and Market street all along is piled
with hillocks of broken bricks, over
which teams and pedestrians climb.
In spots the soldiers were making
idlers work, clearing a passage, but
there are not enough soldiers just
now to make the work effective.
The New James Flood Building,
at Market and Powell streets, on the
site of the Baldwin hotel burned
eight years ago, stood it better than
any other big structure on Market
'street. There is little damage to
the office of the Western National
bank OH the ground, but its vaults
are not even warm. The vaults were
opened on Friday, after the fire had
passed that part Of the city. Every
thing was all right and the time lock
was set for Monday. The vaults Of
the Mercantile Trust company are re-
ported safe. The same seems true Of
the California Deposit Trust compa-
ny. The Pacific Mutual Life building
and the Italian Marine bank build
ing are total losses, but the directors
Of the italian bank say that they are
not afraid of the condition of 3, the
vaults. About the same thing may be
said Of the Germania Savings bank
and the San Francisco Savings Un-
ion, next door, on Kearney street. On
Saturday Afternoon there we're two
conferences of
Savings Bank Representatives.
at the home Of John Martin. They
discussed the amount Of cash on hand
and the amount Of Eastern holdings
Immediately convertible. Monday
morning at 10 o'clock all bank en-
ployces will meet for instructions.
! Will High, manager Of the Interna-
tional Banking corporation, removed
a large amount Of specie to Oakland
on Saturday in an automobile. A de-
tail of marines, under command of
Lieut.. Lang, accompanied him. Rc
offered Gen. Funston an advance of
cash until tho o.o,,o,,,,o 49,. b. L. ~