New Orleans daily crescent., 1866-06-09
INSURANCE

1t is really great inconvenience for a thrifty
merchant, after years of successful and honest
labor, after half lifetime of politeness to Gus
toners, fidelity to creditors careful study Of the
market, close and attentive shop keeping, uniform
industry, early opening and late shutting up, max.
ing the best Of bad debts and the most of bad
stock, and following all the shrewd maxims of
trade when he gets his fortune invested in choice
goods and contemplates retiring from business,
when he has his eye fixed upon some comfortable
farm and home in the country which he intends to
buy, when he has his mind made up as to the
dowry he is goingto bestow upon his eldest daugh.
ter, and has planned delightful visit to Europe
1t Is manfestly, palpably and unmistakably an
annoyance grievance and bore to have his
goods and bis hopes turned into a midnight bon
hFe Sofor the landlord who has earned or in-
herlted handsome properties, the tenants of
which afford him few annual thousands of rent
over and above his taxes, it is by no means
pleasure to have nocturnal fire kindled in his
row, sweeping away the gains Of the past and the
hopes of the future. So for the ship-owner, who
has sent out on the vast, barren and billowy sea
ms stanneh, new, copperbottomed, clipper built,
fast sailing Betsey Jane,' named after the wife
OF his bosom, it is very far off from a comfort,
pleasure and good joke to learn that the good
ship has been struck by lightning, wrecked on
reef or foundered in cyclone.
Hence insurance companies. Men put their
heads and capital together, cypher up probabili-
ties, and assume, for certain limited sum, to take
the risk on stores and houses, mills and ships.
When the Queen Of the Adriatic began to be a
giantess in wealth and power and to dwindle in
land and spirit, her merchants invented insurance
Since then, risk-taking has become a regular pro-
fession among capitalists and has extended to
every species of property and to almost every
thing liable to loss. The farmer can insure his
dwelling house, his barn. his pet oxen, his wife's
buggy.horse, his hay,stacks, or his pig.saloon,
The merchant can insure his goods and the goods
he expects to have. For q considerations the
owner of a steamboat may make a ready arrange
ment by which, in case of snag or FIRE or collapse
of ue or other disaster he may have half or three
fonrths the value of his lost boat replaced in fresh
greenbacks. When an adventurous tourist risks
his life on a perilous railroad journey of two or
three hundred miles, by the payment of few
dimes to an elegant young man in gid gloves with
a gilt edged policy book and a rubyheaded gold
pencil, he may cast all fear of death beneath his
feet and sleep quietly over the rottenest of bridges
or while dartng around narrow curves near the
most frightful of preeipices. To a man of tender
feelings death loses half its sting when he knows
that his life is insured and that goodly sum will
be handed over to his disconsolate and weeping
spouse.
Insurance has becomea science and is one of
the striking pecuarities of the present progressive
and very enlightened age Of this great fact the
following advertisement, from a late New York
journal affords proof and very suggestive illus.
tration
To PYtUate Boadsmea.--An opportunity is now
afforded By which bondsmen for the faithful per
formance of duty by those occupying places of
trust and responsibility may be relieved. The
Fidelity Insurance Company has been incorpo.
rated for that purpose and IS now issuing policies
Application for prospeetuses and information may
be made at the Office of the company, No 10
Broadway,
This means that the employers of cashiers,
clerks, collectors and agents may, for premium
duly and pmctually paid, be warranted and secured
against theft, fraud, default and embezzlement