New-York tribune., 1912-01-11
DEAD STILL IN RUINS
Continued from first page

to turn over the ruins TO the Assurance
Society.
This will 20 on under the personal
supcrvision Of Mr. Revelle, who III
climbing up through the Equitable
wreck late in the afternoon. slipped on
the ice-coatcd stairs at the third moor
and landed two floors below on one "i
the niles Of debris formed 10y the fallen
floors. The chief Inspector received some
severe bruises. but was In no way IN
capacitatcd. Earlier in the day he had
promised chief Kenlon to set gang "t
laborers to work right away at another
portion OF this same pile searching i"r
| chief Walsh's body.
Gas Explosion Another Danger.
Gangs of White Wings" with picks and
| sboyeIs marched into the forbidden
| blocks between Liberty and Wall streets
! IN Broadwa,,. and also in Nassau street
! 70 chop away the vast accumulation OF ice
which covered both these thoroughtaieS
within tine fre-fghting zone The Metro
roIitan street Railway Company en-
Moved its own gang in Broadway 20 he"
| q nath for the surface cars. But no
| sooner had this been accomplished, prom
| icing the carly resumption Of street car
| traffic. than new danger presented
| itself.
chief Kenlon discovered that gas IN
large quantities was escaping from the
mains m the street and the broken
rinee leading from them into the Eduita'
| bIe Ruilding. As nc feared that an eN-
N the nelRnbOl-
hood. wreck the subway and preciplta'e
tho toppling walls upon the. surrounding
huiIdings might result from the passage
| 90 ,ho c,re he refused TO let them by the
| police lines. ~
Inspector Edward Hughes or the be
tective Bureau, scattered twenty-five u
| his men throughout the financial uist'i''
| He let it be known that any banker VI
! broker or lawyer desirous OF moving IL o''
| the fire zone and wishing an escort our,
| ing the removal OF valuable papers anu
securities could call on him for detectives
or uniformed police TO guard the uahSi''
Stock Exchange Still Hampered'
| wall Street had recovered some"h"' 80
terdav from the shock of the desti tiu'''o
of the Equitable Building, but business Voc
still hampered by the tying up OF DIM, =,
dollars worth of securities in the 'au''' -
| the burned building.
| Tho governors OF the Stock EXchdhso
again held special meeting 10 decioe
| what steps to take as result OF the co''
| ditions arising from the inability OF broKeis
! IN get these buried securities After
| h,ieF session they reached decision sliii'
liar 10. but less drastic than. that OF tues
| dav when they ordered the suspension %
the rule requiring deliveries Of stocks sou
on the preceding day. Yesterdays ruiins
confined the suspension Of deliveries lC
those directly or indirectly affected by Inc
fire. .,.
| ,rba governors also passed resolution
| suenending the deliveries OF the securities
Locked I'D in the Mercantile vaults indet'
| ,piteIv. IL provides that the law commit
toe shall have the power TO extend the
| .oJod in which the delivery Of these
stocks is suspended. in their discretion, al
.ho occasion may require. The resolution
nro,ided further that the law committed
shor have full power to rule upon any
6,snrts arising out OF the present condi
tons.
The law committee later in the day made
,wo rulings which 1t was stated must apply
20 all transactions affected by the tyine
,n of securities through the Equitable fire
rba first was that accrued interest or
bonds shall cease on the day the contract
,,atures and that the purchaser shall from
that day pay to the seller interest at the
renewal market rate for money on the
amount of the deferred payment until the
4 closing Of the transactions.
The second was that where transactions
n s,ocks cannot be completed, the renewal
,,srLa, rate for money shall be allowed
ca na,6 on the amount of money involved
un,u the transaction is terminated.
Reports Vaults are Intact.
There was considerable relief in the hnan'
r,ai h,strtct when It became known ip the