George: "Do you know how popular "Saved From The Titanic" was at the time of it's release?"
Hi, George, the film was very popular. Next to Dorothy Gibson's first starring role in "Hands Across the Sea" (1911), it was the most publicized. Actually, judging by the number of "Saved From the Titanic" ads appearing even in small-town newspapers, it was likely more popular. Movie magazines carried lots of hoopla about it, not all of which can be relied on as Eclair, the studio Dorothy worked for, was an advertiser in most of them. But I think it's safe to say it was very successful, and not just in the US but in England and France.
George: "I've heard it was thought to be exploitive by some."
You are right that there was concern in the press during production that the film would be exploitive but it didn't receive any criticism along those lines. The opposite in fact. The New York Daily Telegraph (28 April 1912) reported that care was being taken by Eclair that "Saved From the Titanic" would not "offend the sensibilities of the public, which still feels the terrible bitterness of the accident." Moving Picture News (11 May 1912) also pointed out that the "harassing details that might offend good taste are carefully omitted, but the story of the wreck, the love interest, and the effects of the calamity are all depicted."
Eclair had Dorothy write the scenario so in that sense it was authentic, at least regarding the basic facts of her escape and rescue. In retrospect was "Saved" exploitive? A case could be made that it was, but the star wanted to do it, and the film's popularity proves it fulfilled a widespread public desire for more information on the tragedy. Finally, Dorothy didn't use it, as she could have, to further her career in the industry. "Saved" was her next to last film. She considered producer Jules Brulatour to be her real prize, and it was her misfortune that she chose to pursue her affair with him instead of continuing in motion pictures.
Randy