The Wall Street Journal from New York, New York • Page 3

i THE WALL STREET JOURNAL, FRIDAY MORNINO. SEPTEMBER 17, 1920 8 .1 1 THE KOPPERS CO. PITTSBURGH, PA. DSSIONXKS AND BUILDEK8 OF BY-PRODUCT COKE AND GAS PLANTS Apparatus for the Recovery of Ammonia. Tar and Beiuol, By-Prod uct Oat Produocn, water-Oa Plants, Gasoline Abaorp- Hon Plants CONSULTING ENGINEERS on the Operation of Byproduct Coke and Gas Plants and their Auxiliaries PROPERTIES EXAMINED Engineering Reports and Financial Statements Prepared, Coals Analvted and Tested Investing in Morale Your Portrait, distributed as a Christmas token of personal in-terest and esteem to your associates and employees, will be a profitable investment in building confidence and respect.

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New Tork City. I KRECH, OP 'EQUITABLE TRUST, INJURED AWin W. Krech, president of tho Equitable Trust raa reported at Police Headquarters as having been hit fcy flying' glaas in his office on the first floor of 37 Wall Et lie austaiDed injuries about the face and bead and waa treated at the New York Pisptnaary after wbkh be pro- fcecied to bis bona, TERRIFIC EXPLOSION OUTSIDE MORGAN'S OFFICE EXPLOSION AT 12:01 P. M. KILLS FIFTEEN AND INJURES SEVERAL HUNDRED PEOPLE IN FINANCIAL DISTRICT Origin of Blast Remains a Mystery None of tht Morgan Partners Injured Seriously Troops Guard Sub.

Treasury's DUIion-Dollar Gold Treasure Windows Shattered Throughout financial District A terrific explosion, which occurred at noon, Thursday, on the Wall Street side of the banking house of J. P. Morgan Co, resulted in the death of at least fifteen persons and the injury of two hundred others. The origin of the ixplosion, or whether it was by accident or design, has not yet been determined. The impact was most felt on Wall Street, about 100 feet east of the corner of Wall and Broad Streets.

As a consequence the banking house of J. P. Morgan Co. and the U. S.

Assay Office suffered the most physical damage, as well as in the number of persons injured. The only partner of the Morgan firm to he injured was Junius Spencer Morgan who received cuts on his head and hand from flying glass. Other partners in the building at the time, including Thomas W. Lamont, Dwight Morrow and Robert Bacon escaped uninjured. One clerk in the employ of the firm was killed outright while scores of other employes received various injuries, mainly from glass.

The worst loss of life occurred among pedestrians nearby at the time. Ten of these were killed outright on the street and the police believe that others, killed by the impact, will never be found. Occupants of a horse-drawn wagon and a small touring car could not be found. A number of others died while being taken to hospital from loss of blood. Chief Inspector William J.

Lahey, in charge of the police inquiry, reported that he had found evidence to justify a conclusion that the explosion was caused by a huge "TNT" bomb reinforced with heavy iron slugs fashioned from window weight bars. A messenger, who was near Wall and Broad streets when the blast occurred, told the police that four men drove up in front of the Sub-Treasury in a wagon, left the hospital vehicle and disappeared in the crowd. The men hurried south on Broad street and a few moments later the blast took place. 'Various theories were advanced for the cau.e of the explosion one of which being that it wus a bomb, due to the time of the explosion and the finding of a number of iron slugs, varying from one to six inches in length and an inch in diameter, around the scene. The intensity of the explosion was evidenced by the fact that some of these ilugs were 'hurled great distances, one of them landing in an office on the eighteenth floor of 61 Broadway.

As nearly as could be ascertained there were no mem- out that if done by design it would have been more likely that a bomb wuold have been planted or thrown on the Broad street side of the Morgan building, as the offices of the members of the firm are on that side of the bund ling and not on the Wall street aide. William Joyce, clerk in the securities department of J. P. Morgan who lives in Brooklyn, was killed. He is the eon of P.

W. Joyce, who.has been connected with the Morgan firm in an official capacity for many years. Mr. Joyce, was injured slightly. Ulyses S.

Grant, deputy assistant treasurer, who was sitting at his desk in the Sub-Treasury, was slightly cut by flying glass. As an indication of the expanse of the bunt of flames, ambulance workers fovnd three young women in the banking house at 42 Wall Street badly burned, though they had not moved from their desks. They wore at least 100 feet from the sidewalk, at the place they were seated. Ambulance attendants went frem office to office throughout all buildings rear the scene in search of They declared thbt few in the offices facing Wall Street had escaped bums, or cuts from flying glass. William J.

Burns, head of detective agency, says in his opinion men than 100 pounds of dynamite caused the explosion, apparently coming from wagon. Soldiers sent over from Governors Island to the scene of the explosion succeeded in clearing the streets for considerable distance around the Sub-Treasury. This action was decerned necessary in the circumstances in view of the large stock of public funds in the vaults of the Sub-Treasury and Assay Office. There is over of gold, in coin and bullion, as well as large quantities of silver and paper currency stored there. Owing to their close proximity the large windows in th front nf the Suh-Treasurv wore rnmnletplv tlnmnl bers of the Stock Exchnnge hurt by flying glass, although i iniormauon louaing to tne airesi 01 anyoouy responsmie.

the impact shattered the huge plate glas area which i ommissmner F.nnght made the following statement: fronts on Broad Street over the trading floor. i "All persons in the vicinity of the explosion at Wall and Both the building of J. F. Morgan Co. and.

the Brood Streets who can give any information no mat- Assay office, on the Wall Street side, were studded with ter how slijrht regarding any of the details, especially re-t dents as though from artillery fire. Several missiles en- gnrding vehicles in the street which might have caused the tered th Morgan offices and imbedded themselves in ceil- explosion or the presence of any suspicious persons in ing of the first floor. ts-treet or vicinity at the time should communicate such in- Shortly after the explosion, three truck loads of tormation to the police at once. Call any police station or soldiers were hurried from Governors Island post to aid) police headquarters. in keeping back the crowd, as well as to afford armed protection to the Sub-Treasury, in which i housed more than a billion dollars in jrold coin and bullion, along with huge quantities of silver and paper money.

Ambulances -from all over lower Manhattan, as well as some from Brooklyn, were hurried to the scene of the explosion, and the Broad Street Hospital was soon crowded with persons suffering from various injuries. The large number of persons moved to hospitals by private automobiles and other vehicles made it extremely difficult even to estimate the number hurt by flying glass and from concussion. At the time of the impact the partners of J. P. Morgan Co.

were holding a meeting in, a conference room on the second floor of the building near the Broad Street There are no windows on the Wall Street sido of the room which accounts for the fact that the partners escaped serious injury although windows on the Broad Street side of the room were demolished. J. P. Morgan, head of the house, is in England. Thomas Cochran, another partner, was also out of town.

Pol'ce Commissioner Enright. accompanied by the fire department cfficials, surveyed the damage done Morgan Outride of stating that it was probably the worst exolosion they had seen, none-of the officials would commit themselves as to the cause It was said that the Morgan building might have to be shored up. A superintendent from one of the construc tion companies was in the building. The damage to the Morgan building was roughly estimated at between (500,000 and $600,000. The whole lower banking floor was in shambles, the bomb-proof netting beh'ind the windows on the Wall Street side being twisted and Metal cages inside the offices were wrecked.

The enormous glass dome over the main banking floor was shattered. This dome was one the prides of the late J. P. Morgan although he did not live to sec it in the new quarters Buildings within the radius of many blocks suffered heavy damage from broken windows, those nearby being particularly damaged including the Sub-Treasury, Stock. Exchange, Bankers Trust, Mills Building, 36 Wall Street, National City Bank Building, Manhattan Bank Building nd Equitable Building.

City officials stated that the impact felt at the Municipal Building, a mile away, was severe although not many windows were broken. The loss to insurance companies as a result of the enormous number of hig plate glass windows shattered cannot now be determined. At the time of the Black Tom explosion four years ago the damage resulting through the breaking of windows wes enormous. Explosion Occurred nt 153:01 The exact time of the explosion is given by the clock in the corridor of the Sub-Treasury. This clock stopped at exactly 12:01 p.

m. With the causes of the explosion still unexplained there are numberless theories advanced to account for it In support of the theory that the explosion was caused by a bomb it is pointed out that occurred almost exactly at twelve o'clock. This, however, have been only a coincidence. Persons arguing that it was du to an point None of the employes in the new Assay Office Building which suffered almost as disastrous fate as the Morgan was killed. Two employes were cut by flying glass.

That the casualties were not greater in the new Assay Office Building is due to the fact that this structure was re cently completed and had not yet been occupied. Seward Trosscr Has Narrow Escape Perhaps the most miraculous escape from serious in jury and possible death was that of Seward Prosser, pres ident of the Bankers Trust Co. One of the numerous steel Fire larnhal Hrophy's Investigation Chief Fire Marshal Thomas P. Brophy, who is making the investigation for the Fire Department, late yesterday stated that he had no definite theory with respect to the nature of the explosion. Fipc Marshal Brophy caused a checking up of all wagons of explosive manufacturers, and all well accounted for in sections other than the Wall Street' district.

No dynamite is beinir used in connection with the wrecking of the building adjoining the Stock Exchange at Wall Street. Deliveries of dynamite are made only Wednesdays nnd Fridays. No dynamite is being used in the neighborhood of the explosion. Fire Marshal Brophy found a number of sash weights and pieces of such near the scene of the explosion, and found that some of them had pene trated the windows of the Morgan banking house. The Fire Marihal examined a number of witnesses who were close to the scene of the explosion, but they were so confused that none could give a definite and accurate description of what happened.

The wagon which was standing in Wall Street, out side the Morgan office, and which was wrecked, was be lieved to have been a junk wagon. Asked if he held the theory -that an infernal machine had been set off in the wagon, Fire Marshal Brophy admitted it was possible, but that up to the present there had been no evidence to justify such a tl eory. An officer of Equitable Trust Co. ted that about twelve of their clerks were taken to tin hospital. None of the officials hurt except for minot glass cratches.

A7 Vsll Street were smashed and the walla and ceilings of many offices in the building, even on the top floor, were cracked. A piece of metal that waa picked up in Maiden Lane was brought to the Old Slip Police Station. It is the belief of police officers that this is part of a bomb. Police ere investigating a clew that the explosion was caused, from an incendiary plant They are of the opinion that the T. N.

T. and nitre glysarine was in a rickety wagon drawn by an eld carthorse, both of which were blown to atoms. The horse and cart standing directly in front of the Sub-Tieaury entrance. It has not been found yet who waa the owner of the horse and cart. Only One Morgan Employe Killed Thomas W.

Lamont, member of the Arm of J. P. Morgan A Co, made the following statement behalf of the firm: "One of our valuable employes, William Joyce, was killed. Mr. Joyce was the eon of Thomas W.

Joyce, who has been in the employ of the firm over 30 years. Others of our force were cut, some of them more or less seriously by flying glass. "None of the partners was in any way injured save that Mr. Junius Morgan had a slight cut on the hand. "Our building was not seriously damaged but all the large windows on the first and some on the second floor we're blown in.

Our offices will be opened for business as usual Friday morning. Numerous prominent personages dn the financial dis trict visited the office of J. P. Morgan Co. to tender their services.

Among these was Seward Prosser, presi dent of the Bankers Trust Co. F. D. Underwood, head of the Erie Railroad, also came to the office. ished and the pieces scattered in the rooms behind.

As- no t0 tne oriin the Plon. sistant Treasury of the United States, Martin VogeC An ron hm two inchM mlT to many whose room is on one side, happened to be away. Across fnund la'in the of the "Priori, was the hall Is the room occupied by the Cashier. S. Grant.

hurW lh wmdow of Holiister. Lyon Walton, Mr. Grant received a severe cut on the ear from the glass on the cihth noor of 7 W11 Strect- mon than 100 and was taken to the emergency hospital at the Federal I wa-v" Reserve Bank. The Story of an Eye-Witness A miraculous escape was instanced In the case of Mr. Lieutenant-Cononel II.

C. Clements, U. S. Army, re-Grant's stenographer, whose seat is directly in front of timl- residing at the Hamilton Club, Brooklyn, says: the window. She had barely left the room to go to lunch atanding at the thlrd-story window of 7 Wall when the explosion occurred.

Street looking down Wall Strect towards the river when I the explosion occurred. I saw the flash before I heard i -u a i report. The flash did not seem to come from the j-iiti Milium muni! rMirri ntriiiH.l Dr. lavage of the Broad Street Hospital made the statement that in the neighborhood of two hundred persons injured in the explosion have been received at the He said that practically every available inch of space in the institution whs now occupied by the wounded. A call has been made for assistance from other and Wall Street was the scene of rushing automobile ambulances.

Police headquarters reported that 10 ambulances from the various hospitals and 125 patrolmen were sent to the scene of the, accident. At the Old Slip Station it was estimated that the total number of injured, including those suffering minor hurts, totalled "00 persons. Mayor Hylan says that at a special meeting of the Board of Estimate, a reward of $10,000 will be offered any ground, but at a height of about the third story of the buildings opposite Morgan's office, and therefore rather below me on account of the slope of the street. There was no explosion where the workmen were, in the ex- Justice Officials Scent riot Washington Department of Justice officials said aU their reports so far indicate that the New York explosion was the result of a plot They are unable to believe that it was due to a wagon load of explosives colliding with an automobile, the theory of New York police. The military intelligence Is co-operating in the investigation, it was said, indicating that there may be an international angle to it That the explosion, if part of a plot against Junius Morgan and heads of the Morgan com pan was carefully planned in detail, is the opinion of brokers familiar with the procedure customarily followed by Mr.

Morgan on his returns from Europe. On the day of his first return to the office, it is his custom to assemble hia chiefs promptly at twelve o'clock, for the purpose of lunching together at some place previously decided upon. The fact that the explosion took place practically at noon, gives good basis for the assumption that the perpetrators of the plot were well aware of this custom, and planned to take advantage of it, with the expectation of destroy-ing, at one blow, all the heads of the organization. 'f vj w.r iu.i-c ui me lLoll. 4h.

exolosion. nassetl throueh the window of Mr. Prosser'. office on Nassau Street and imbedded itself in a boolcca- wisxrici-Auorney awann, Assistant uisiricwuiomey located at the end of his room. Mr.

Prosser's desk, at Tftlle' Bnd Jonn Joyce ttnd Ben assisUnts, whicli he was seated, is located about f. fret from the Ul robe tT- Aftr preliminary survey, window and the slug passed through a one-inch board in back of the bookcase and was stopped by one of the marble oillars. His office is located about 100 feet from the scene of iparded aa an crident the explosion and the crash as well as the missile caused a shower of glass to rain all about him but he escaped uninjured. His secretary, however, received several minor cuts on the arms and back. Speaking of the incident, Mr.

Prosser said that the only like occurrence in his career was at Chalons, France, when he nnd Henry P. Davison, of J. P. Morgan were in that town during a German air raid. Mr.

Ta'iley said "The explosion, I believe, was -due to a time bomb, thei-e was too much coincidence for the explosion to be re- Glass Damage timatel $200,000 Estimates of the value of plate glass broken by the explosion range from $100,000 to as high as a quarter of a million dollars. An official of one insurance company which covers a large number of buildings in the financial district stated that he believed the damage would be at least as high as $200,000. Sills and frames were almost entirely undamaged ex cept in the Morgan offices and across the street on the ground and second floors as far as 40 Wall St. Practically evcjry window in the Bankers Trust Building and at No. One Wall St.

on the side facing the explosion was smashed excepting a few on the topmost floors. Insurance companies which cvarry large risks in lower Manhattan are: Now York Plate Glass Insurance Travellers Insurance U. S. Casualty Royal Indemnity U. S.

Fidelity Guaranty and Met-1 ropolitan Casualty Co. Plate glass in the building of J. P. Morgan Co. ii insured by the Travellers.

Although officials of the Travellers said that any accurate estimate of the amount of damage done in the Morgan building could not be made before Friday, they believed it would amount to at least $76,000 in glass alone. The Stock Exchange is covered by the New York Plate Glass, Insurance Co. This company also covers the Equitable Trust Co. and several other buildings in the vicinity of Wall Street Officials of the comoanv stated TELEPHONE SYSTEM XOT DAMAGED The citv's telephone eastern was not damaged. As far STOCK EXCHANGE TRANSACTIONS 00 Sales of Stocki September 16, 1920 Adam Ex 35 Allied Cheat when tamed 61 AMtCbal pf 7S Am Caa pi ei-dlT eiv Am Cot Oil 264 Am Expiree 1394 AmUoaeed aau Am safety IW 19 I Asa Ship ft 100...

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