Chicago Its History And Its Builders a Century of Marvelous Growth volume V2

Cover Chicago Its History And Its Builders a Century of Marvelous Growth volume V2
Chicago Its History And Its Builders a Century of Marvelous Growth volume V2
J Seymour Josiah Seymour Currey
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So I said to Mr. Farwell that if I had the money to do it I would accept his offer. The firm of J. V. Farwell & Co. Afterwards collected $52, 500 on this $60, 000, as the Phenix and Imperial both paid in full and the People's paid about twenty-five cents on the dollar. " About this time it occurred to Mr. Critchell that the Phenix Insurance Com- pany would be anxious to get some information from him as to the extent of its losses. But how to get this information to the company presented a diffi...cult prob- lem. "The telegraph office downtown was burned and the outlying small branch offices could take no messages, because their mode of handling telegrams was through the downtown office. I went to the branch telegraph office nearest my house and found the young woman in charge there was going to La Porte, Indiana, that evening, and, in consideration of my paying a large price for doing it, she agreed to take a telegram and dispatch it from La Porte. So I wired the Phenix at its New York office that its losses would not exceed $300, 000, and recommended that the company send some one with thirty thousand dollars in currency with which to pay small losses, as the banks were all burned and were not liable to be opened for a week, and prompt cash for losses would be very beneficial to the company at this time.

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