SETTLING SAN FRANCISCO LOSSES.
A San Francisco dispatch of July 6 states that 166 settlements effected by fire insurance companies indicate that in the business section of San Francisco more than $100,000,000 will be paid in cash to fire losers. The average adjusted loss in the 166 instances mentioned is $84,325. the total payments being $14,000,000. The round value of the properties is given at $19,000,000 by the adjusters, consequently, the reduction for earthquake damage and for all other causes is $5,000,000. The German consul says that German insurance companies will pay in full. He states that he is in a position to know that this is true, and he wishes to advise every person doing business with German companies not to accept any compromise. The consul would not commit himself on the attitude of Emperor William towards the companies which showed a tendency to shave their claims. It was inferred, however, that the emperor had practically ordered the companies to settle on a dollar-for-dollar basis.
The net proceeds of the special carnival of the Elkhart, Ind., firemen, held recently in rainy weather, were only $166.