OCR Text |
Show BERKELEY COLLEGE HAS LARGE LOSS Property to Extent of $150,000 Destroyed in Earthquake. BERKELEY, May 2. It was reported report-ed at first that the University of California Cali-fornia had escaped loss by the earthquakes earth-quakes and fire. - - s This was a mistake. . . President Ben. Ide Wheeler is authority au-thority for the statement that the University, Uni-versity, of California Is a loser to the extent of one and a half million of dollars. dol-lars. "The losses of the university from the fire Include the loss of annual income in-come of $60,000 derived from the two buildings in the city, the' prospective loss of $50,000 in the two-cent tax, the destruction of the equipment of the clinic of the department of dentistry and the destruction of Mark Hopkins Art Institute, meaning a loss of certainly cer-tainly a million and a half dollars. The affiliated college buildings have been damaged to the extent of about $20,000. The equipment therein has received re-ceived damage .to the extent of $5009. The insurance upon the two income-producing income-producing buildings in the city alluded to above was $176,800. Buildings suitable suit-able to the lots cannot by any means be reconstructed for less than double this money. ' |