The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1869-06-24


THE DUTCaAlAN's INSURANCE POLL
CY---REAsONINta FROM THE ANOL-
OGY.
a good story is told of German
by the name of Schmidt, who had ta-
ken the precaution to insure the life
of his wife for 5000 and his stable
for $500, believing the former might
die and the latter be burnt, and he
could not get along without some
compensation for the loss. Both pol
icies had been taken from the same
agent In a, few months after the sta
BILE had been insured it caught fire and
was destroyed. Schmidt quietly no.
tilted the agent, and limited to him
that he would expect the $500 at the
earliest, possible moment. The agent
at ouce sent builder to ascertain the
cost of erecting new stable of the
same dimensions, having learned that
the property had been insured for
more than it was worth. The build
er reported that he could replace the
stable with new material for $500, but
unfortunately there was an ordinance
preventing the erection Of frame
buildings-tho old stable having been
of wood. 8sia fLf41
He was asked to estimate the cost of
q brick stable, and reported the
amount at $780, The agent then in
formed Schmidt that he would build
him new brick stable in place of the
old frame one, but Schmidt became
very indignant at the proposition,
saying: h<.@.t ~ rs zi't'i.' - g 2
"I not understand dis insurance
Business. / pay you nine hundred
tollar, and when my stable burn down
you make me new one. / not want
a@ew sthable, want nine hundred
tollaf4.n VI -. f..Isl
The lawyer reasoned with Schmidt,
but to no purpose. When the stable
was nearly finished, Schmidt went
to consult lawyer, thinking that he
could still get the amount of the poll
cy, besides the new stable. ~ =
The lawyer, however, Informed him
that the company had the right to
make good the loss by building new
stable, and expressed his surprise that
he should talk of bringing suit against
them. - .. .ts.t. -. i1,5
@Bnt," said Schmidt, "I insure for
nine hundred tollar, dis Teller put up
dat stable for seven hundred and fifty
Il not understand dis insurance
business
Finding that he could not compel
the payment by law, Schmidt deter
mined 10 get out of the "inshurance
business" altogether. Calling upor
the agent, Schmidt said:
"Mr. Agent, / want you to sthol
the insurance ON mine frow. I no
pay any more menish dat way, no
understand dis insurance business.
Agent surprised" Why, Schmidt
You are doing a very foolish thing
You have paid considerable on thi
policy already, and if your wifi,
shoul die yon would get $500.
"Yaw dat is vat You tell me now,
said Schmidt. "VenI pays you OF
my sthable you say get nine hun
dred tollar If it burn down. So j
was burnt, and you not give me m,
m5nish. You say, Oh dat wash 81
old frame sthable; it not wort any
ding; make you "a prick sthable
and you net pay me mine nine hun
dred. Ven my frow dies, den you SO,
to me: "Oh she wash an old Dutcl
women, she not wort anyding; I ge
you IN English wife!"i And I los
mine five thousand 5tollars. You No
fool Schmidt again. not understan
dis insurance business. Exit Schmid
CHARITY.-A New York letter
writer tells the following: k58h
'"I heard, few weeks ago, abor
one of our millionaire merchants an
one Of his porters. This porter ha
been in the merchants employ for fl
teen years. He had a large famil.
and, of course, could save no none.
About three months ago his wife an
six children were all prostrated at I'll
same time by scarlet fever. AS /
could not remain away from the stor
he had to hire q woman to take cal
Of them. Very soon he. found hin
self penniless. Needing money sor
ly, and thinking his employer migl
aid him, he laid the case before IL