The sun., 1891-01-23
HoRsD LIFE rNsURANCn
Two Companies Survive OF Many That
Tried tho Sche emo and Failed.

HORSE LIFE NsURANCH
Two Companies Survive OF Many That
Tried tho scheme and Failed.
Probably no kind OF property In this town
Ia 30 easy to invest In and 80 easy to lose "a
horses" said former officer OF live stock in
surance company that recently won't to smash.
Horse life insurance has been disastrous to
every capitalist who has touched II until avery
short time. and. after taking advantage OF OK
perience gained in both Europe and America.
horse life insurance IA still an experiment. In
Europe horse life insurance has been tried for
moro than 100 years. with fair share Of suc-
cess to the investors In tho enterprise In this
country II has boon conducted on various
plans. and many OF the schemes have failed to
meet the end for which they were designed.
Though not over q dozen years has elapsed
since the lives OF horses were In
enred on largo scale in Now York
city. there have been thirteen failures Of
insurance companies There are only two
horse life insurance companies. believe. hav.
ing their main offices in town. A live stock
insurance company in Buffalo has branch
agency In town, but 1t does not do raft Of
business. 1t is probably shy OF any but the
choicest risks. such as family carriage horses
and well-kept business horses doing light
drauRht service.
Tho reasons whv there have been 80 many
failures OF horse life insurance companies are
undoubtedly because tho companies tried to In
sure horses too chcaply, and also because the
companies ofIicerstried to ape the human life
insurance companies and impress the COM
munty by setting up business in big
Offices. with plate. glass fronts and gilt
lettering. while big salaries wore paid
tS e lot ssSnia S +. officers sne M There are
Srwri,e nSW h hoses boe m town and Bitter rivalry
exists between them. One comnany is UP
GTn hs nsr the
the tate, white tho down,town company was
Hnaq ehps hs i 81
| 1t associations. Both are mutual benefit
associations.
in in surfing horses has led to the adoption Of .
/ rigorous ruling out as inadmissiole for insur-
oo1n Hei W insure ssr horses livery Sorss
contractors horses, race horses. or any fancy
yea Ssrsd sss W
herses. ss Of omnibus horses and busIpess horses.
! horses have had pink eye. collie. heaves. lung
fever. oil evil. dstemper. mad staSgsrs. bad
o he S
on the horses chests looks into their mouths.
test OF their physical health as mon undergo
| in n Ito insurance company's mouioal examt-
nnien. niv The price for an examination is usu-
Animals from one to twelve years are in.
cd 81
not s9 so not
s6reo; ;iourths the saius q .he snii4si: ~;
pdsurs ns sesn
good lund not far from Villa msbridge, where
Esss 1ny get s oats @ plenty When they are suffering
from oyerwork or nervous rrostration. Ihe
stitu,ed i"r aLo,her. That ls the policy may
be transferred rom one horse to another; In.
"asa nSs ss fHat has louna !" BE-
serapsos ssSsps%pS 'c Wners may Be- rom
poisoning a horse when he Is in poor health In
at no
they chang her pines % OF resiasnse ,or,.,
suraho horse The way the Companies are in.
snrng yon will hay.t :, pay . only one per cent
insmrna ce has been tired for year by the Re.
tn Of Inside o s nnon
horse insurance lnnd was started IN Feb.
a na eas
While losses Were sustained pro rata by the
members in the scheme. yearly eXnmtn alton
fee o; 81 was chnrrel. 81 10 be retained If The
! ,rSe should net re accented. No horse was
insui ell f"l over nor cent OF fts value.
In less tnnn eight months losses by pneu.
monia and other diseases have been SO great
that the q ioccr. will probably be compelled &c
raise the dues to !! rer cent. That indicates
| that even the Eiorers horses. which are
usually verv we'll cared for. sustnin a large
Tercrntago OF deaths. Most horse owners aie
! satisfied II they insure their stables for goo,
| sum, imagining that most OF the danger tc
their stock dying suddenly Is In the direction
Of ire Soule Interesting statistics huvo beer
collected Hear them and then decide fol
yourself whslher no! Uses ses shond a' be ,t tnsnrsl q
years and were raid for 9y one q
the insurance ompaDies. lS3 died OF collie II
| OF inflammation Of the bowels: IA OF kidney
trouble. 81 II pneumonia: 52 Of sunstioke. 81
OF pinkeve. 81 Of lockjaw. ~ Of broken leg! l:
OF epizootic. 10 OF heart disease. OF blin(
staggers. killed by runaways.4 4 were drowned
! 2 were killed by lightning. l 2s died OF unknown
| diseas-s. and only . were burned. Probably
more than S75, 900. 600 arc inv. sted In New Yorl
State in live stock on which no insurance II
carried for loss by diaease or accident othe
than BIZ fire. and the estimated loss will be 81
per cent. II not more than that. in ten years
There are twenty-three times greater risk OF
horse diving OF collie than by fire. three time
greater risk from dying with broken legs: fv'
times greater risk from lockjaw. nine time
greater risk from Inflammation o; tho bowels
and six times greater risk from pneumon a
| oh frop al Ia AZ tim0a "a