Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1912-01-11

able Trust Company. kept in safes,
have been salvaged. but no efforts
will be made to enter the vaults OF
This concern until they cool off. Or
ficials OF the Equitable Life declared
today that an examination had shown
that the steel filing cases which con-
tained 90 900 policies. on which the
company had loaned policy holders
more than s7O.oOO,O0O, had escaped
injury.
Subway officials expressed grave
fear today that il the front walls OF
the burned building collapse, they
will crush through Broadway into the
subway beneath. Building inspectors
are examining the structure, and II
the danger is grave, subway connec-
tions in that vicinity will be halted.
Fear is also felt today that escap-
ing gas may explode and cause severe
damage. Hundreds OF gasplpes
throughout the building have been
broken.
There was great suffering today
among the 500 fremen and police
men. who have been on duty many
hours at the ruins. An estimate
shows that it has cost the city $780,
600 in wages and smashed fire aD-
paratus thus far to fight the fire.
Bear spectators who sought TO
raid the stock market because OF the
inability of sellers to deliver stocks
which are tied up in the vaults. have
been stalled by the Stock Exchange
action in suspending the deliveries.
The bears, knowing they could not
be called upon, under this rule. to de-
liver securities. sold short. The Gov
erning Committee Immediately
changed it's rule TO read that dcliv-
cries need not be made by parties
directly or indirectly affected by
the fire" This stopped the bear raid,
compelling them 10 buy stocks in the
open market to make the deliveries.
New York. Jan. 11.--New York s
financial district became an armed
camp today while more than q hun
dred million dollars was moved from
the fire-swept Equitable building dis
trict TO places Of safety.
Not since the establishment OF In
spector Byrnes famous dead line
have such elaborate precautions been
taken 10 safeguard money in Wall
Street.
The vaults of the American En-
change National Bank at l2S Broad
way. across Cedar street from the
Equitable, were emptied of their con-
tents so that the business of the in
stitution might be carried on in the
temporary quarters at &C Broadway.
The mass Of money and securi-
ties were placed in a steel barred ey-
press wagon, in which ten heavily
armed private detectives rode. n
front. on both sides. and behind the
wagon. as it moved through lower
Broadway, were so plain clothes men
uniformed policemen and private de-
tectives. Immediately behind came
large automobile, packed with
armed employees Of the bank. Not
tents, but financicrs said the bank
vaults must have disgorged $50
100000.
At 11:15 the vaults of the Mer.
camille branch Of the Bankers Trust
Company were opened, experts de-
claring it would be safe. Thirty
plain clothes men. twenty uniformed
men and thirty-five private detective:
gathered around as the officers threw
the bolts and exposed the great wealth
they contained Under this guard
the 100000 in money and secur
tiles in the vaults were removed to {
waiting steel barred wagon and car
ried to the main offices Of the Bank
ers' Trust Company. at Wall street
/ Campeon's body is buried in a grea
The papers were not even scorchet
by the heat to which the vaults hat
been subjected, giving fnancier
great hope that the contents of al
the other vaults would be found IL
tact when they we're opened.