SAN FRANCISCO FIRE LOSS.
The report of the special committee of the board of trustees of the Chamber of Commerce on insurance settlements after the big fire, which has just been published, says: “The total area burned was about 3,000 acres, or about 4.7 sq. miles, containing 520 blocks and about 25,000 buildings, one-half of which were residences. The amount of insurance covering property in the burned district was approximately $235,000,000 (estimated). All of this had been written by companies authorised to do business in the State, except $6,000,000. which had been placed outside of the State in some 100 companies. The value of buildings and contents destroyed in the fire must have been about $350,000,000. being an estimate upon the insurance liability, the known ratio of insurance to value (about seventy per cent), and a guess that there was about five per cent. of property that carried no insurance.” Final payments by the companies, it is declared, will be in the neighborhood of eighty per cent, of the amount of insurance involved. At Chicago fifty per cent. was paid, and at Baltimore, ninety per cent.
Newport, Tenn., will now pay its volunteer fire department $750 a year. The department has been reorganised, with G. A. Hillhouse as chief and H. S. Simmons, assistant chief. It has a membership of eight.