New-York tribune., 1912-01-26
SECURITIES UNFRAMED
Contents of Vaults in Equitable
Building Found intact.
NO RUSH OF B0XH0LDERS
Joseph w. Hartman, First in
Line of Fifty, Salvages Papers
Worth 100000.

Fear for the safety OF the miilions Of dol
lars worth of securities that have been
locked up I'm the vaults Of he Mercantile
Safe Deposit COMPANY since The Equitable
Building was destroyed by fire Early in the
morning Of January was definitely re-
moved yesterday when two ri the three
large vaults were opened ana their con-
tents found intact. Some of the securities
in the lower Of the two vaults We're water
soaked. but for the most part the contents
OF the safe deposit boxes were in a. good
condition as the day they were placed in
the vaults.
Joseph w Hartman. of the New York
Stock Exchange firm OF Hartman & Co. OF
No. III Broadway. was at the head of the
line OF boXholdcrs and the safe deposit
boxes containing securities amounting 70
$50. .0OO. 600 belonging to his firm were the
first to be salvaGcd. Mr.. Hartman had a
number Of his employees with him, and they
hustled the boxes across the street To the
firms offices. Some OF the contents were
pretty well soaked.
Members of the firms - Simon Borg x
Co. Thomas Denny & Co, Bamberger
Brothers and other stock Exchange houses
rescued their securities unharmed Some Of
these firms removed as many "a forty boxes
of securities Then came a rumber Of in
dividual boXholders. among tnem seNeraI
women. They were admitted three or four
at time. to appear few minutes later
huggsng their tin boxes. some Of which
were az bright as when new. which they
rushed TO deposit in safe place
The management Of the safe deposit COM
pany had expected that at least thousand
OF their bOxhOdcrs, who number all told
between seven thousand and eight ihou-
sand would be on hand yesterday 70 get
their securities. but less than half that
number showed up. and never more than
fifty were In line at one time. and the big
squad Of police on duty al ;he entrance
Of the vaults found little TO do. Cards OF
admission to the vaults were issued 10 the
bOXholders at the temporary 'iilces 81 IN"
Mercantile Safe Deposit Comuany At NO. -
Nassau street, and up To I O'clock wheh
the vaults were closed for the DAY between
four and five hundred cards had Dccn dis
trbutcd.
None Of the Mercantile officers was able
10 give an estimate OF the amount OF securi-
ties removed from the vaults yesterday. but
unofficial estimates were upward OF Sloo'-
10000. None Of the securities belonging 10
the Hartman and Gould estates Thomas
+. Ryan, the Equitable Trust Company ana
William A. Read IL co. was iaken out yes
terday They are in the third vault on the
Cedar street side Of the building, which VIII
be opened as soon as permission Is received
from the Buildings Department. when Is
expected to be by to-day or tomorrow
1t was announced yesterday that the syn
dicate which has purchased the Carnegie
Safe Deposit vaults from the Supernten-
dent of Banks purposes to accommodate
the presenl bOXholders Of the Mercantile
company in the Carnegie vaults for the un-
expired terms of their respective leases
without additional charge. AS already told
iR The Tribune the syndicate mas arranged
10 consolidate the Carnegie with the Mei-
camille Safe Deposit Company, under the
name Of the latter, as soon as 'ts purchase
of the Carnegie company has been approved
by the court
The full personnel Of the syndicate was
given yesterday as follows: James 5.
Alexander. Louis V. Brign'. LOWS l..
Clarke. Samuel l.. Fuller Francis L. ltine,
Clarence IT, Kelsey, Willard King, Sc
ward Prosser, Charles II. Sabin and Albert
H. Wiggin.