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The day book. (Chicago, Ill.) 1911-1917, January 10, 1912, Image 7

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-01-10/ed-1/seq-7/

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WALLS OF EQUITABLE LIFE BUILDING THREATEN
AMERICAN EXCHANGE NATIONAL BANK BUILDING
Bulletin.
New York., Jan. 10. Under
orders from Chief Kenlon police
at 2:10 began clearing the Ameri
can Exchange National Bank
building, at 128 Broadway, of all
tenants. The great bank itself
was ordered closed. No person is
allowed in the vicinity of the Ce
day -street side of the wrecked
Equitable Life building? the walls
on that side having bulged two
feet and being in danger of falling
in momentarily. Great damage
to the American Echange Nation
al Bank building would follow.
The falling of the Cedar street
walls would also probably pre
cipitate the front walls intQ Broa
cipitate the front walls into
Broadway.
.New York, Jan. 10. Money,
jewels and securities to the value
of 52,000,000,000 are buried in the
seething ruins of the Equitable
building. '
The financial district of New
York is swarming with plain
clothed and uniformed police,
watching for the slinking figures
of the crooks of the metropolis,
drawn by the treasure of the fire.
The flames still are raging be
neath the ice encased ruins of the
Equitable. Neither crook nor
proper owner can reach the vast
fortune that is buried there just
now, nor will they be able to for
days.
Firemen still are pouring tons
nf waf-Ar infn fhf hllilrlincr T?1lt
they are not reaching the hot I As that water freezes, it expands,
heart of the fire. Even as the
water leaves the nozzles of the
hose, it freezes, and falls in z
misty veil of ice to strengthen the
ice barrier that is enclosing the.
fire.
Gut on the icy streets, finan
ciers and brokers are standing,
impatiently waiting for word that
will tell them of the safety or the
loss of their money, or the money
of their clients.
From the tops of adjacent sky
scrapers it is possible to jqok
down intq the ruins of the Equit
able building. From .there it can
be seen how the firemen are fail-
ing to get at the fire. The whole
burning ruin of the "palace of fi
nance" is encased in a wall of ice,
may feet in thickness. And in
Side, the fire is burning.
Business in "Wall Street is
practically at a standstill. From
police headquarters a message
was sent to all banks and brokers
this morning warning them of the
danger of sending money or ne
gotiable papers through the
streets unguarded.
For the drooks of New York
have seized the opportunity pre
sented by the fire, and swarmed
down "below the "dead line" and
up to the very doors of their
brothers of "Big Business."
There is grave danger that the
massive granite walls of the Eq
uitable will fall crashing into the
street today.
The walls are now soaked-
through and through with water.
ii.?W
., J.
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