BUSINESS HOUSES SUFFER GREAT LOSS.
One of the most notable buildings of the city was that of the Improvement Loan and Trust Company, at Post Office and Tremont street. The damage sustained was not serious. The E. S. Levy office building, on Market and Tremont streets, cost $135,000. It contained 150 offices, and was considered a marvel of the town. This building withstood the storm and the occupants escaped by staying in their offices.
The Marx and Blum Buildings, Twenty-fourth and Mechanic streets, was one of the large commercial structures. It was occupied in part by the Galveston Hat and Shoe Co. The damages to the building and the stocks are placed now at $75,000. The Clarke and Courts Building sustained a loss to building and stock of $40,000. The Galveston Cotton and Woolen Mills suffered to the amount of $75,000. The Galveston City Railroad powerhouse was demolished, and it is estimated that $100,000 will be required to restore the plant.
The business structures did not suffer the total destruction that occurred in so much of the residence section, but many are so badly damaged that they will have to be torn down.