The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-25
Cash IN VAULTS
PROBABLY SAVED
Out of the Wreck of Great
Buildings Treasure HOards
Escape Destruction.
WILL SOON ARRANGE
TO PAY THE DEPOSITORS
Safes We're Good Enough to
Withstand Both Shock
and Fire.

SAN FRANCISCO. April 2I-The high Of
ncials or the commercial banks Of San Fran
cisco held another meeting this morning The
principal business transacted by the bankers
was the decision TO appoint general commit
tee OF ninc with full power 70 provide means
for tho paying Of depoeItors and In general to
make oil necessary arrangements for the re"
sumption OF business in every branch by the
banks.
After the meeting. Homer s. King. president
Of the Clearing House association who is
presiding ut the present conferences, said;
Understanding Reached.
'Wc have made arrangements TO pay out
funds rapidly possible, and to this end
we nave reached understanding with the
United States officials whereby the money will
be paid the mint DetaiIs OF the plan have
not yet been fully worked out. and Will
not be able 10 pay out any money for several
dd. So
President King denied the published report
that the BanE OF California would remove TO
Oakland. hc said that San Francisco bank
would change its headquarters TO across the
bay. The savings Institutions arc defcrring
In all respects 10 this commercial banks. and
the full plans OF the latter are awaited before
a definite policy of action is decided upon.
Contents of Vaults Saved.
A Walt made this afternoon through what
WAS once the banking and nnanclal center ot
the city showed that while 30 per cent OF thu
banking buildings are absolute ruins, the
vaults give Indications OF being In such con-
dition that their contents are likely TO be
found safe when tho proper time comes to
open them About 10 per cent Of the build
ingS devoted 10 banking and S8fc banks and
safe deposit vaults escaped practically without
harm This holds particularly true OF the
vaults OF the Croker Woolworth bank. tho
First National bank. the Market street ban~.
the Union Trust company, the safe deposit
vaults OF the Mercantile Trust company OF San
Francisco ani the banking vaults Of the last
named institution.
Nearly Ready to Resume.
post & Trust company buried In tons OF
debris, but seemed to he oil right. The Ca
madam Bank OF Commerce. at California md
Sansome streets, has been fortunate In that
the lower hcors escaped great nmount OF
damage The Bank OF California will at once
put In a wooden floor and begin 10 do buSl-
nesS at a near date. Its officials have grounds
| for believing that their possessions In the
vaults will be found in good condition The
| Crockero Woolworth bank had this sign dis
all Right"
! notice was displayed Bank and Ncults IN
| Perfect Condition. Openlng will be Announced
| by the Bank Commissioners"
The Hiberni8n Savings bnnk, the largest
sttution ot Its kind In the city. hnS already
force OF men cleaning out the debris. It's
construction being OF heavy granite. IL is be-
licved that its vaults have been favored With
The same good luck as the other fortunate saw
Ing institutions
treasures Are Protected,
The Hibcrnia bank is now being used az
temporary station for the harbor police. The
location is about mile and a half from the
water front The Wclls-Fargo Nevada Nation
al banks vaults gone with the exception
or tho facade. and In the center OF the ruins
the brick work about tho steel vaults stands
in It's old position, The Security Savings bank
on Montgomery street. near where the West
crn Union o'fcc stood. presents a fairly good
appearance eXteriorly but It's interior lis full
OF vrecknGe and this has probably served
tho San Francisco Savings & Lean society, at
| tho corner OF Suttcr and Montgomery streets,
are standing and this Is accepted as a favor
able omen In relation TO its vaults contents
| The Ango-Colifornla banks vnul;s are up and
| its ssfo is apparently all right the vaults be-
| ing in the basement
All that left OF the little Mechanics
bank. new institution at the coSncr of Bush
and Montgomery streets Is small brick
vault. The Canadian Bank of ComnIaIco az
! California md Snnsome. is In such shape that
hopes may be entertained for tho safety OF Its
raluables, Tho italian American bnnk. a.
Sacra. .nonto and Montgomery, Is badly wrecked.
but the vaults are visible and intact
Two Buildings Saved.
Right in the midst OF all this ruin two
buildings escaped both fire. and quake with
| comparatively little damage. They are tho
buildings Of Selby & Cos smelling Office and
that OF Sutro 6 Co.'S stock and bond Office.
They were surrounded on all sidcs by hugo
structures and the fire leaped owe! their roofs
without descending upon them. The Mutual
Savings bnnk. Market near Ecsrny. war
located IN a modern aky-scrapcr, which stIll
stands though damaged. and the vaults here
Will. without doubt, DO found 60 have escaped
serious harm Small banks will undoubtedly
be found In good condition.