Loss By Fire
On August 2, 1894 Columbia caught fire at a wood yard just north of the international border, at a point about six miles (10 km) south of Trail, British Columbia. It was believed that the fire was caused by a crewman falling asleep without extinguishing his pipe. No one was hurt, but Columbia was destroyed. Insurance paid for $15,000 but the economic cost to the company was still severe, because the mining and rail construction business in the area was booming and every vessel was working at full capacity.
Read more about this topic: Columbia (Arrow Lakes Sternwheeler)
Famous quotes containing the words loss and/or fire:
“We feel public misfortunes just so far as they affect our private circumstances, and nothing of this nature appeals more directly to us than the loss of money.”
—Titus Livius (Livy)
“You look like a fire sale.”
—John Guare (b. 1939)