CHAPTER XXIII
THE FINANCIAL LOSS
TITANIC NOT FULLY INSURED—VALUABLE CARGO AND MAIL
—NO CHANCE FOR SALVAGE—LIFE INSURANCE LOSS—LOSS
TO THE CARPATHIA
Sinking of the Titanic and Great Sea Disasters | ||
NO CHANCE FOR SALVAGE
The Titanic and her valuable cargo can never be recovered, said the White Star Line officials.
"Sinking in mid-ocean, at the depth which prevails where the accident occurred," said Captain James Parton, manager of the company, "absolutely precludes any hopes of salvage."
CHAPTER XXIII
THE FINANCIAL LOSS
TITANIC NOT FULLY INSURED—VALUABLE CARGO AND MAIL
—NO CHANCE FOR SALVAGE—LIFE INSURANCE LOSS—LOSS
TO THE CARPATHIA
Sinking of the Titanic and Great Sea Disasters | ||