davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1920-01-08
Vacant, and q Bargain.

Vacant, and q Bargain.
Chevy Chase. d. c.. near Circle. half
block from Conn. ave. cars; detached,
with large front porch; IL rooms. two
servants toilet. STATIONARY tubs, sleeping
porch, two open nrepiaces: lot 60x126:
room for garage; house now being refn-
ished- Price $4,000; $500 or more cash.
3032 Cambridge Place.
Strictly white nefshborhood: three-story
and basement pressed brick residence; !;
for garage. Price sL7so; &1.sss or more
cash.
1856 9th Street n E
Corner residence, with business future:
six rooms. bath, concrete cellar; bar
gain at $4.75o; $500 or more cash
INVESTMENT
2oto Georgia ave. N. w.-Two-story
brick apartment, containing three apart
ments of four rooms and bath and one
furnished. Price $6,5oot $4,000 cash. Pre-
war rents, which can be increased 20 per
cent.
F.. SHEEHY.
1410 @ Street, FIR. Gilt.
The Washington times., 1920-01-08
North Capitol st. Near Soldiers
Home Park.

Excellent location; not far from
Michigan ave-; absolutely modern
house. containing 8 rooms and
bath; hot-wster heat; front colo
nisl porch; large. deep lot; brick
garage; excellent outlook; pleas
ant surroundings; close to soldiers
Home Park; near cara Immsdi-
ate possession. Price. 1850.
The Washington times., 1920-01-08
Mt. Pleasant.

semi-detached. 10 rooms. bath.
electricity; porohss front and rear;
very good condition; excellent
location of increasing values. near
good car line; not far from Rock
Creek Park. Immediate possss-
sion Terms can be arranged
Prios. til.ooo.
The Washington times., 1920-01-08
EOWN YC,UR OWN Home : {
FOR SAlE-HOUSES

DESIRABLE PROPERTIES.
Semi Detached Georgetown Home.
trio ls Si.: 10, e Zee, n1f ssas friss. @ tissss.
Corner In Richmond Park.
rsess. bath. hot-wster heat. electric
lights; s~As~iow type Price. tis.sss.
Good Northeast Section.
yiTss-s rooms. bath, pantry and cellar
s.ss s.s.' ,sass ss.a: s: ssss good lot to alloy ~
A Wide Avenue in Northwest
Suburbs.
DstAohsd frame. slate roof large attic,
. rooms. hath. hot-wster heat. screened
Rssss esIss; coal supply shades etc Only
2-Family Flat in Southeast Section.
rooms and bath each floor. Pries.
ss.sse- sAos cash. balance monthly.
Best Pstworth Location.
M. Ss- ,,.ss,,s ss1s' uis, room. S:.h @ het-s.tsr
Ss.1Ss.
ALLAN e. WALKER 4 CO., Inc.
BIB 18th St N. w. Main 426.
oND-SrAPLH Br.-Brick. rooms ana
bath AL modsrn improysmsnta ts.ooo;
cssh tl,e0s; rest termA
Two-oALDs ST. n R-s rooms and
bath frame. frame. iatroS~ ts.sos; ssee cash:
rHnEH-I,oo BLOCK MARYLAND AVE.
n. p.--Brtok. II rooms, 2 baths. cleo
trio lights. u.7bo: cash Sl.ooo; rest
easy tsrmA
roUR-s7rH AND n srs N. We rooms
.nd bath brick. iatrobs heat Price,
~.sss; terms to suit.
yTvB-iiss BLOCK 9TH ST. N. w.-s,or.
ana ux apartments of four and nve
rooms. bath Price, $4,000: arrange
DSuts made to Uuit
Mx-lsss BLOCK L 81. n w.-Brich. 70
leoms and bath, hot-water heat
e1S.koo; $4,000 cash: balance monthly
payments.
ssvN-:ss BLOCK n 81. n W. room.
and bath: hot-water heat. Price,
&s,eee; can arrange terms.
SHINN 4 HACKLEY,
801 9th st. N. w.
Main 8015.
The Washington times., 1920-01-08
Randolph Near 18th.

Absolutely modern house con
tAinins . rooms and bath. hot
water heat. electric lights; every
possible eonvenience; double ga
rage on rear OF lot. Terms can
be arranged. Price. SIl.Seo.
The Washington times., 1920-01-08
Near 14th and Girard st.

Excellent location on Columbia
Heights. 10 rooms and bath. steam
heat. large deep lot. garage; y
square from 18th street car line;
vacant February ist; title ready.
Price SIs.<ee.
The Washington times., 1920-01-08
Central Northwest.
7ls l4th st. N. w.

Not far from Public Library.
walking distance from entire bust
ness section; attractive appear
Anee; rooms and bath. space
for garage vacant Terms. $1,000
cash Prioe. ts.tso.
The Washington times., 1920-01-08
INVESTMENT
F. p. SHEEHY.
1410 g Street, FIR. GILT.

FOR SALE BY s. BELoFF.
NO. l-isth IT. N. W.. near wyoming ava,
one Of the best buy.-li rooms
baths, hot-water heat Specially
designed for home or boarding
house Price. tll.5oo; good terms.
NO. g and d bath II "" rpiss. nsss is'iss @ ~ rooms
NO. s-P st. N W., near sth.. rooms and
bath; INV. h.. Al condition; i'm
mediate possession. Price, $1,000
NO. 4-Flortda ave. N. W., near First St.
10 rooms nne bath. h.-w. h.: Al
condition Price, $3.50.
NO. |one Of the best improved six large
roomed houses; Fifteen hundred
block on q corner on First st NJ
w. Price, se.2so.
NO. s-rrame house on a nne block on 18th
st. NJ w, good for residence OF
business; h..w. h., good plumbing
Price, $3.50.
NO. Two SIX rooms and bath on New
York ava N. W., between tth and
bth sta; a good bargain for the
price advertised. ono $3.50 and
another $3.50.
No trouble In inspecting above-advertised
property as givt my own personal atten.
ton to all sales. Come and see me about
s,s. ~. o,,y FOR hosi N ess or residence
The Washington times., 1920-01-08
NORTHWEST

NORTHWEST
Sb5oo-Terms; John MarshaII pl
6r.. b.; brick: splendid value.
Ss,soo-14oo block eth ct: on alley.
usseoc Cash spleRsaS eS.rch %SnsH s Hr mtssr isss
or. b.. modern: rm. for garage.
S7,6oo--s1. 900 cash; NJ st. pr. 18th.
sIo,soe--Terms; 18th ST. opposite Portner
T., b.; double brick garage
hardwood floors; ex. condition
r.. b.: exclusive section.
s11.6oo-1too block 21st st.
,Ia.ooo-Ea.y terms; ai.t st. i7oo block.
sr, Q b. rm- for garage.
Sl2,5oo-yacant; T st. mr.. 18th.
1or., b.; elec. Its.
s1s.5eo-Isth st mr.. r.
7r, b.; h.-w. h., elec. Its.
S1B,ooo-De Sales at. nr. Conn. ave.
IL r. b.; vapor ht-. cleo It's
COLUMBIA HEIGHTS
ss,7so-sSoo cash; Harvard st.
u.,so-sssoo0 9, e..s' m0ss5n; Norton 9.
r., b.; furnace hit
ss.ibo-Newton .pl. 400 block.
,7,oo-ss.ar,;vs sa; b; Il !; Ih.;wh;i y h,,s sleo. Its o.,
B.soo-Euciid st. mr.. 18th.
,,,o sr;; b.; !, h:-y.h; yfsI,,ps Ssrf.in. s.,
es,b0o-New houses: Perry and 18th.
r., b.: h--w.h., cleo. Its.
910,5oo-Fairmont st. mr.. 18th.
10r b.; h.-w. h.. elec. Its
e1z,5oo-vacant; Euclid st mr.. 18th
10 r., b.; space for garage.
WASHINGTON HEIGHTS
ss,ooo-Ingleside Terrace; 10 r., b.
ss.60o-Nr. 18th and Columbia road.
or, b. h.-wh. nd. to alley.
s11.soo-Belmont rd., 1900 block.
10r., b.; h.-w. h.; rm. for garage
s11,Boo-Nr 18th and Lamont
10 r., . b.. h.-w, h.. cleo. fta
sf2,ooe--vernon st. mr.. 1sth.
IL r., b.; h.-w, h., cleo. ftsL
t1s,ooo-Euclid st. mr.. 18th
1or., b.; h.-w, h.
ste,5oo-Calvert St, 1900 block.
10 b. h.-w. h. cleo Its
s11.b0e-Clinbourne pl mr. Biltmore.
IL r., tiled b. h.-w.h., eiec. Its.
sf7, 7,soo-New house; built-in garage.
r., b.; exclusive section.
et.too-piitmore St, 1900 block.
II r., q b.: h.-w.h,, cleo its
ef7.0oo-Jamont st., 1900 block.
semi-det., - r., b.; garage.
efe,oo0-Corner; exclusive section; new.
sr, 2 b. ton 2 hoors).
Adjoining Rock Creek PARK.
q CTRRONS
The Washington times., 1920-01-08

IMMEDATE POSSESSION why pay
rent? Your rent money will buy this
home. Beautiful 3-story brick, Cambridge
St, near 30th; 8 rooms and bath. hot-water
heat and electric light this house 10 In ex-
cellent condition. The owner has left town
and the house In vacant Price, $1,000.
THIS is WHAT YOU HAVE BEEN LOOK
mo FOR-Corner house, overlooking g
Rock Creek Park; IL rooms and baths,
hot water heat electric light: possession
can be had In 80 days Price, $4,000.
DON'T FAIL TO SEE THIs-In the $500
block Holmead pL: rooms and bath,
hot water heat electric light, colonial
porch; garage: owner occupant; will give
Immediate possession. Price. 3l0,boo. Rea-
sonsble terms. "
A HOMEsEEKER's oPPoRTUNITY-In
the 36oo block Holmead pl. rooms and
bath furnace heat, hardwood floors; CO.
lonial porch; garage. Price, $1,000. Rea-
sonable terms.
We have several other desirable houses
which we would be glad to show you.
ERNEST HALL COOLIDGE CO.,
sl6-s19 Evans Bldg.
Main 3482-34S3.
1920 New York Ave.
The Washington times., 1920-01-08
BLOOMINGDALE.

semi-detached, two-story brick. six
rooms. bath. good heating plant. good lot
to alley. garage Price, $4,000. Terms
can be arranged.
The Washington times., 1920-01-08
ANACOSTIA.

Located in the most desirable neighbor.
hood in this section. q semi-detached, six
room, bath house with large side lot ad
joining; very moderately priced at $4,000.
The Washington times., 1920-01-08

NEAR 11TH & IRVING SITS.
Two-story brick, six rooms, bath, hot
water heat, gas light, good lot TO wide al
Icy. Price. $500. Want offer.
The Washington times., 1920-01-08

s. BELOFF,
Real Estate and Insurance,
921 18th St. N. w.
Room 202. Main s187.
jAS-ef
The Washington times., 1920-01-08

WELL LOCATED NORTHEAST.
Beautiful two-story brick and stone resi-
dence six rooms modern bath, good lot to
an alley, conveniently located. near two
car lines; possession Price. $500.
The Washington times., 1920-01-08
I'd NEAR f ST. N. E.

SD ;.
A very desirable location in the north
east section, a two-family nat, four rooms,
bath each, separate entrances: live in one
and rent the other. Price. $3.50. Good
terms.
The Washington times., 1920-01-08
18TH ST. NEAR HARVARD.

very desirable ten-room and tiled bath
house. electric light, furnace heat, large
front porch and double rear porches, full
size basement with servants toilet, extra
large lot to paved alley, room for garage.
convenient to cars and only three blocks to
Central High School. bargain. $3.50.
Possession.
The Washington times., 1920-01-08
COLUMBIA ROAD
NEAR GEORGIA AVE

Semi-detached, six rooms, bath, hot
water heat, large lot, room for garage. very
attractive. Price, N,75o. Terms can be
arranged.
The Washington times., 1920-01-08
FOR sALE-H0UsES

HEDGES 4 MIDDLETON, Inc.
1884 II st. N. w. Phone Main l02s.
Price, $3.50. ON THE HEIGHTS. Jua
on 18th st A mighty attractive little
home having front and rear porches. hard
wood noors. electric lights and hot water
heat Very large back yard 10 a paved
alley. This house is vacant and la excel
lent condition from top 10 bottom. Rea-
sonAble terms OF sale.
Price. sIa.sos. MOUNT PLEASANT
modern home OF rooms and 2 baths with
. built-in garage. This house 10 practical
ly new: built BY one OF the best known
builders. and one inspection will convince
you that II is a bargain II may be sold
on very reasonable terms.
Price, 5000. HIGH VIEW. Corner
property OF rooms and bath. hot water
heat and electric lights. This house needs
q small amount OF money spent on IL and
the above price adequately allows for
that. We can sell II on $500 cash and
very easy monthly payments.
HEDGES & MIDDLETON. Inc.
1884 H st. N. w. Phone Main l02s.
The Washington times., 1920-01-08
Telephone Main 4340.

Columbia Heights: a six-room and bath
modern brick house, large lot to paved alley.
This house II vacant and can be inspected
at any time. and reasonable terms Of sale
made.
The Washington times., 1920-01-08

NEW HOMES FOR
CoLoRED
710-72s Kenyon Street
Modern Homes-Attractive Terms
Six rooms and bath; hot-water
heat; front and rear porches; large
lot to alley.
Salesman on Property
Ernest Hall Coolidge Company.
8l8-s19 Evans Building,
Main 34S2-3<83,
1920 New York Avenue.
|. Aeis-@e.th.ss-0
The Washington times., 1920-01-08

Located In center OF business locality,
the Northwest; ON car line; corner OF slloy
ss n. frontage; good location for any Kin
Of business.
The Washington times., 1920-01-08

81, Unreasonable terms; 9th street.
sr., b.; h.-w.h., elec. It's, col porch.
S13, ,0oo-Cathedral ave-, facing park.
sr.,2 b.: h.-w.h., cleo. It's.
The Washington times., 1920-09-17

was Joined by his mother, who was in
New York at the time. His father
left last night for New York.
Young Drury attended school at st.
Johns College, this city, and at Mt.
ST. Mary's College. Emmitsburg. Md.
He enlisted in the Students Army
Training Corps, from which he was
discharged about four months ago.
Lawrence l.. Roberts is connected
with the Newcomb Printing Company.
OF New York. He had been in one OF
the banks in the explosion zone and
was leaving the building when the
catastrophe took place. He was in
jured by falling stone, which shat
tered his leg below the knee.
Roberts was prominent in Wash
ington athletics. He was well known
sa baseball player and was in the
Union Printers Baseball League for
a time. IA the outbreak of the war
he enlisted in the engineer corps.
serving for about a year. after which
he was transferred 10 the officers
training corps at Camp Gordon.
The Washington times., 1920-09-17

porter of Bank OF Aneries, New
York city.
Joyce. william, twenty-fovr years,
clerk In ). p. MorEa. & Co, Brook
IyR.
Kennedy. Bernard J. thirty year~,
messenger for Johnson 4 Wood,
Brooklyn.
Leith, Alexander. of New York
city.
Lindroth, Charles A. twenty
seven years, bOokkeeper Great
Kills, l.. 1.
Mayer. Alfred, New York city.
McArthuurs, Mr.. no address.
died In Broad street HospitnL
Mcclure, Colin Barr. twenty-five
years, banker, IS Arthur street,
Yonkerr.
Miller, Frank. New York city.
Miller, Raymond, address not
given.
Neville, Colonel Charles, u. 3. O.
D., Washington. ID. G. Died In
Broad street Hospital.
Osprey, Thomas, messenger for
Johnson & Wood, New York city.
PortIong, Rudolph. twenty-eighth
years, clerk. Jamaica. L. I.
schmitt, Joseph. thirty years,
sni,n Levi. K,. ,.E.w Yor. city.
Sweet, f. A.. Huntington. l.. 1.
Weir, John W. Of New York city.
westday. Robert, sixteen years,
clerk, New Yorw city.
Five unidentified bodies remain
At the morEue. They arc all bodies
Of men.
The Washington times., 1920-09-17
TWO WASHINGTON
MEN DIE IN BLAST
Colonel Neville and w. B
Ellsworth KiIIed-TWo
Others Are Injured.
CONTINUED from First Page }

before the explosion took place and
is thought to have been on a sight
seeing trip through lower New York
before taking the train for this city.
His mother was Informed OF his in
jury and Immediately telegraphed to
the boys father, who was in Philahel-
phia in connection with his work as
superintendent of service, Postoffice
Department Mr.. Ellsworth went on
to New York last night. He an
nounced the death OF his son by tele-
phone this morning.
Leo X. Drury was employed as a
loan clerk in the United States Mort
gage and Trust Company, Sc Cedar
street, New York. He was leaving
the building to go to lunch when the
explosion occurred. He was taken to
the Post Graduate Hospital, where he
The Washington times., 1920-09-17
900 Million in Gold
SO Feet From Center
OF Morgan Explosion

NEW YORK. Sept. 17.-Within
fifty feet Of the scene of the explo-
sion is more than $500, 100000 in
gold bullion and coin. the greatest
amount of the metal in any one
place on earth. ...
This great store of gold is being
transferred from the Subtreasury
vaults to the newer and larger
vaults of the new assay office which
adjoins the Subtrsasury to the east
ward on the north side of Wall
Street.
- The transfer Is being made by
means of wooden chute which
spans the twenty-foot alley between
the two buildings, the gold bars,
each worth $500. being slid across
in boxes on a travelling belt.
The fact this vast amount of gold
was near flashed into the minds OF
many persons-particular attaches
Of the Subtreasury and assay office
at the moment of the explosion
and was dwelt upon later when the
bomb theory was advanced.
The Washington times., 1920-09-17
List of Dead
In NeID York
Explosion

Alexander. Mildred. New York
city.
Aubebury, Joseph, twenty-seven
years, IS Sherman avenue, the
Bronx
Dickinson. Miss Caroline, forty
years, II aHnover street, Elnahuurst,
l.. J..
Donovan. John, of Brooklyn,
burns.
Drury. Margaret A., twenty years,
stenogrnPher, brooklyn.
Ellsworth. Reginald, West Or
ange, N. J.
Ellsworth, Worth BaSley, 1898
Gerard street. Washington. ID. c.
GILES, w. f., Of Pelham, n. Y.
Hanrahan. Charles, seventeen
years, messenger, Brooklyn.
Hutchinson, william T., Garden
City. L. i. broker, with Offices at
Johnson. John, nfty-nve years,
The Washington times., 1920-09-17

stay away from Wall street.
The letter received by Mr.. Ketch-
ledge was mailed from Toronto,
Canada. Mr.. Ketchledge at first re-
fused to make it public, but later
gave it out. The, contents, which are
brief. follow: <E.... ... -.
Greetings: Get out Of Wall
street on the gong strike Of 3
o'clock Wednesday, the 18th Of
September. Good luck to you, Ed
Fischer" - '.~-N H,-
PUT NO STOCK IN 1T. 49,.
II knew Fischer we'll, but / did
not put much stock in his warning"
said Mr.. Ketchledge. "He was .
lawyer by profession, but was un-
able to practice his profession for
many years on account Of recurring
attacks of paranoia. He had been
committed to institutions, but was
released as cured" ~,
"He had an intense hatred of Wall
street. That was the form his mental
illness took So far as know, he
never suffered any financial reverses
in Wall street I do not believe that
Fischer has any intimate knowledge
about this dreadful disaster. He was
not a member of any radical organi-
zation. 1t is. probable that he was
suffering from one of his periodic
mental alterations when he sent the
warning and the fact that the ex-
plosion occurred about that time
was a coincidence"
Fischer is said to have gone to
Canada to attend tennis match.
He has been in i'll health recently
and his parents were attempting to
persuade him to enter a sanitarium.
Eighteen of the dead in the explo-
sion were taken to the morgue. They
included four women and a boy.
Medical officials who examined the
bodies reported to District Attorney
Edward Swami and Chief Police In
spector William j. Lahey. that there
was no doubt death was caused by a
bomb of tremendous power. 1t is be-
lieved that the internal machine
weighed more than 100 pounds.
PIECES OF IRON IN BODIES.
I'm several of the bodies we found
pieces of iron, and these have been
turned over to the police" said Chief
Medical Examiner Charles Norris.
They appear to have been made
from window sash weights that were
sawed into small pieces. There is no
doubt that bomb caused the explo-
sion. The nature of the wounds
shows that"
William j. Burns, whose detective
agency is employed to guard the
Morgan building, said he believed
that the bomb mechanism was SIM
liar to that used in the Mcnamara
dynamiting cases. when cheap alarm
clocks were used to set off the explo-
sive. 1t was the Burns agency that
ran down the Mcnamara dynamit-
ers.
"The time clock was probably set
for IL o'clock noon In this instance
said Burns. at Is possible that the
plotters hoped to stop their wagon
directly in front Of the Morgan
bank, but we're delayed by heavy
traffic and were compelled to pull
up in front Of the United States sub
treasury building across the street
There we're great crowds in the
street at the time, as it was in the
midst Of the lunch hour. believe
the conspirators purposely chose
this time, knowing that II would be
easier for them to escape I'm the
crowded street. They could not have
been far away when the blast went
off. SO far as we can learn, the
wagon had halted only few
minutes before the explosion. I'm
mediately after the blast the air
was filled with the fumes OF picric
acid" ... 't "... -.
The Washington times., 1920-09-17
PALMER In N. Y. TO TAKE
CHARGE OF BOMB PROBE
Attorney General Win Take Personal
Direction of Investigation Into
Morgan Bank Explosion.

Attorney General Palmer has gone
TO New York and will take personal
charge OF the investigation of the
Wall Street explosion, it was learned
at his office today.
The Attorney General had planned
to leave for his home in Strouds-
burg, Pa, last night. but changed
his plans and took an early morning
train for New York
The Washington times., 1920-09-17
OPEN SCHOOL CAFETERIA.

AKRON, Ohio, Sept. ia cafe
terra will be opened at West High
School this Fall. All equipment has
been installed, supplies purchased and
cooks hired. All food will be served
at actual cost of preparation, school
officials announced. Pupils will be
employed to aid in serving.
The Washington times., 1920-09-17
Observation-Disclosures
For the New Man
O N D A Y when the
schools open, will see
lots of Young fellows

XIV SCHOOLS open, Will see
~ lots of young fellows
blossom out in the habiliments
of men. Lots of youngsters will
be wearing their trousers long
and their stockings otherwise,
for the first time. .... ....
Those who wear Pep suits will
be a distinct success. Pep suits
are styled for just that stage.
They are long trousers suits, but
they retain the earmarks of live
ly youth. Their name tells it
Pep!
This is the only Pep suit store
in Washington. Pep suits are
SIS to 500.
Graham guardian., 1920-08-20

country is sick and tired of agi-
tation, strikes and congested
traffic. Producers have suffered
losses because of strikes and
shortage of cars; merchants have
been unable to properly adjust
their stocks and accommodate
their customers; farmers have
been compelled to borrow money
because unable to ship and sell
their crops; manufacturers of
many lines, lumbermen and even
livestock shippers have suffered
inconvenience and loss.
What was most needed to put
an end to this tragedy has been
done and the curtain must now
fall on it. The people have sup
plemented patience with aid and
they are in no mood to be longer
trifled with. Agitation should
cease, cooperation should actuate
all and every body should concern
himself with the restoration of
transportation service to a stand
ard where industry will not be
paralyzed by its inadequacy.
Graham guardian., 1920-08-20
WHY THE LUMBER SLUMP

The Manufacturer has been
pointing out for some time that
while members of building trades
have been advancing wages to
$1.00 and 81. 25 an hour, almost
none of this class, or the labor
class generally, are building any
houses.
While wages in the building
II AIDES have been advanced 200
to 500 per cent over pre-war
times, actual building labor cost
has gone up 400 per cent and it
requires twice as long to build a
house.
1t takes twice as many carpen-
ter hours on a job as it did five
years ago. Brick layers lay less
than half the number of brick
they laid five years ago. Plast-
erers. painters, paper hangers
do less than half the work they
did FIVE years ago.
These conditions are not
healthy. They cannot but infict
disaster upon those who foster,
them. Short-sighted is the man
who believes that he can produce
wealth by idling. The war Gre
ated a tremendous void in mater
ials and commodities of all kinds
and prices are high by reason of
this scarcity.
Prices can only beccme lower
when the worlds storehouse has
again reached its normal level.
Cost of dwellings will depreciate
to a marked extent and rentals
will be lower when the men who
build homes will do a full days
work ungrudgingly, with pride
in the quality and quantity of
their output.
The unusual demands of arti-
sans, mechanics and labor in all
trades, has checked the demand
for building material and is Sc
verely hurting the lumber in
dustry.
Graham guardian., 1920-08-20
INSURANCE AS A CONSERVER

The fire insurance policy is
solely a contract of indemnity
and does not contemplate inclu-
sion of prospective profits. As
values are changing and cannot
economically be determined in
advance, property is likely to be
over-insured or under-insured.
Over-insurance tends to produce
moral hazard. To avoid under
insurance, the principal of CO.
insurance is introduced. The
only remedies against over.insur.
ance are the honesty of the as
sured and the wisdom and eau
ton of the agent, With the bill
lions of dollars of insurance in
force, 1T is of the utmost i'm
portance to loaners of money
that the solvency of the COM
panies furnishing that indemnity
s should be unquestionable. "
Otherwise, how can they meet
the shock of confiagrations in.
volving millions of dollars?
Fire insurance business not
only has a close relation to credits,
but it IS doing a vast work in
conservation of credits and the
national wealth, both in the Sc
curity it supplies as collateral to
credits and in constructive meas
ures toward the reduction of fire
waste,