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'with a force, say experts, greater
than that of a high explosive.
tl is feared that if the walls col
lapse they will go crashing down
through the flimsy floor of Broad
way and into the subway.
The billion or more dollars'
;worth of securities in the Mercan
tile Vaults are, believed to be per
fectly safe. These vaults are in
the basement .They are modern,
and fireproof. It is not believed
fche fire can reach them.
But even if the wrecking com
panies now at work could get to
the (Jors of these vaults, they
could not be opened. Permit--ting
a rush of oxygen laden air
into the vaults' would cause spon
taneous combustion, and the de
struction of everything within
The vaults of the Equitable
Life are on the first floor. They
contain securities worth $400,
000,000, four million being in ac
tual money. These values, say
the firemen, are doomed.
Momentarily the firemen are
expecting these vaults to go
crashing through the first floor
and into the basement And if
they should do this, it is almost
certain they will burst open, and
their contents be burned.
- All nightlong, under dozens of
search lights, firemen dug on the
main stairway of the building on
the second floor for the body of
Battalion Chief Walsh.
They took thejr lives in their
hands, and they did not succeed.
jOver 200,000 tons of ice and de
bris covered Walsh's body yes
terday, and shortly before 10
o'clock today, several floors col
lapsed, and buried the body of the
man who gave his life to save
those working under him, deeper
President William Giblin, who
was saved from death by almost
superhuman work on the part of
the department yesterday, is bet-
ter today. Physicians at the
Hudson Hospital yesterday, de
clared him to be dying, but there
is hope that he wilL recover.
The securities in the building
are listed as follows :
Gould 'estate $100,000,000.
Equitable Trust Company
Harriman - estate $125,000,
000. Thomas Fortune Ryan $100,
000,000. August Belmont $150,000,
000. Kuhn, Loeb & Co. $100,000,
000. fcountze Bros., bankers $15,-
Mercantile Trust Co. $70,
000,000. Wm. A.' Read & Co., bankers"
Mrs. Russell Sage $50,000,
000. Southern Pacific securities
, Of course,-the vast portion of
this great fortune is in registered
securities, which are replacable.
But the Equitable Life had $4,
000,000 in cash in its vaults, the
Mercantile Trust Co., $6,000,000,
the Benmont, Read and Kountze
banks also having millions in ac
tual money in their vaults.