Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1912-01-12
LOSS IN NEW YORK FIRE WILL
REACH Fifteen MILLION
DOLLARS.
z LIVES LOST IN FLAMDS
Priceless Papers and Securities Are
Carried From the, Vaults in Waste
Baskets.-Records of the Com
pany Are Preserved.

started at $40 a. M, destroyed the
immense eight and twelve-story build
ing of the Equitable Life Assurance
society at 100 Broadway, entailing a
loss estimated at about $15,000,000.
At least seven lives are lost.
Shortly after the fire got under
Roadway, three porters were seen in
the glare of the blaze, to leap from
fifth-story window. Tons of debris
fell Immediately upon the spot where
the bodies landed, and the firemen
have been unable to get near the
scene
While the fire was raging several
officers of the Equitable Trust COM
pany, escorted by firemen and police
officers, entered the building on the
southeast corner and were successful
in opening the vaults. They put Sc
curities, money and legal papers val
ued at millions of dollars into waste
paper baskets and policemen carried
these to the vaults of the Hanover
Trust company. In this way the great
Equitable Trust company's vaults
were emptied of all vaIuables.
William Pullion, one of the officers
of the Mercantile Safe Deposit COM
the company were intact and that no
losses would result to any clients
Experts who manufactured the vaults
are at the fire, and they confirm Pull
lions statement.
GibIin's Rescue Thrilling.
The most thrilling resuce ever seen
at New York fire was that of Will
liam Giblin, president of the Mercan-
tile Safe Deposit company, in the
Equitable building. Giblin, driven out
of the building twice by firemen, re-
turned the third time to rescue some
of the priceless papers in his desk.
His egress was cut off by the flames
With two companions, whose names
were not learned, he retreated into an
empty safety deposit vault, closing the
door, but calling to the firemen
through a grating.
Although tons of debris were falling
about them, and great flames licking
about them, 100 volunteer firemen,
answering a call for volunteers for
dangerous duty, seized axes and crow
bars and fought their way to the
vaults smashing like madmen at the
grating to save the three men. Their
companions played water into the
vaults, submerging the imprisoned
men and covering the rescuers with
sheets of ice to keep them from burn
ing to death.
Father Mclean nearly lost his life
when administering the last rites to
the men imprisoned in the safe de-
post vault, the firemen dragging him
away just as a shower of bricks and
stone fell on the spot where he had
been kneeling, in the street in front
of the vault. AS the firemen carried
Father Mclean away, the dying man
turned to him and pityingly said:
For Gods sake, father take me out
of here. l am dying. Can't you get
at me-"
For hours these heroes worked
Finally the floors fell and Giblin,
little man physically, and badly
burned dragged his unconscious or
dead companions onto the main floor
where few moments later, amid wild
cheers, the brave firemen fought their
way and dragged Giblin, dying, to the
street.
At the same hour part of the walls
of the August Belmont building, at
~ -, c@J
mont himself, who had entered his Of
flee twice to rescue valuable paintings
from the walls, had been driven away
few minutes before by policeman.
The big Equitable building was also
the home of the Union and Southern
Pacific railways, the banking house of
August Belmont & Co., the Mercantile
Bankers Trust company, the Mercan-
tile Safe Deposit company and several
New York financial firms. Millions
upon millions of dollars in securities
and cash were cared for in the i'm
mense vaults of the Trust and Safe
Deposits company.
The fire was first discovered on the
ground floor of storeroom of the
Cafe Sarin and carried by draft of
air shot upward through an elevator
shaft, setting fire to the upper floors.
The flames had the intensity of
blast furnace. The heavy floors of
the building buckled under the white
hot fire and fell in, while the walls
crumbled and dropped piecemea1 into
the streets. The building was abso-
lutely Quilted.
HONOR MRS. CLEVELAND