New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-25
THE LOSSES AND INSURANCE.
WHY BIG PREMIUMS WERE CHARGED BY THE
COMPANIES.

conservative estimate places the total loss on
the building stock machinery. etc., at about 100000.
The binding insured by its owner, Mrs d. Jones
Crsin In twelve companies for SoO,oo. OF this
amount S31 900 Is In four companies OF this city and
the other Is In small amounts In companies Of Phila
delpha, Newark san Francisco and London Thsv
building was considered by many insurance men to b
an Objectionable risk and commanded high rate
ranging from TO per cent. 1t had been inspected
from time to time by the inspectors of the twelve com
panies VINO had placed insurance on the building, and
no one had made an unfavorable report. These IL
specors gave little attention. however, TO the consrc'
ton or strength OF the building They inquired moN
as to the occupancy Of the building and as to whether
the work carried on by the various tenants was OF
hazardous character.
The Survey Bureau Of the Board Of Underwriters had
made regular Inspectors OF the building for the lass
twenty years, and had reported it as in fair eondf
non.n The Insurance companies place great relianoe
upon this inspection and the report supposed to b
the Judgment of the best experts The last inspection
was made ON December 4, 1900, aud the report Is a
follows:
Nos 6s 10 49, southeast Of No PAS 10 247 Green
v,ch.t ave.story and basement brick building metal
root iron shutters in part; hatchwsy trapped
sarwsys closed height es feet Easements occupied oy
Irwin painter ladder and scaroding small quantities
a, rants j. Regan plumber, with stock OF pipe and
att,ngs; barber shop and Charles saboins, fruits
Basement and first floors occuPto ny H. rVSfieiu'
stock Of bronses powders and liquids putting up same
BOTTLES aad cases from one pint gallon four barrels
varnsh; one job press f. W. Trpps, stock Of druggsn
general supplies barrel Of alcohol Restaurant dhs'
room kitchen In basement. range aad boilers.
First doors-Doty & Herbert, stock OF rooer eooa~
Gilmour, umbrellas end canes repairing same s". "
Isaac & Stream talors stock wooliens gas lot IRONS
J. O. Klein Co. stock jewery silyerware ana "s'en~
Part Of second noor-Ezns MacDonad, pooaonoefs;
Two cutters; numbering and two eyee' nacHA sss
stoves for binders irons eight TO ten HANDS.
Parts OF second third fourth and fifth hoors-Leoer
Mass u.hsgraphers stock Of paper printed matter and
Autograph stones eight band presses; eish' eyhoef
presses by power; Ironing machinei gallon onihs
forty TO fifty hands. -.
Part OF third noorThe South Publishing Company STOCK
Of laper and printed matter; composing ufec c'iue'
and job press cutter upright saety engine TOT po'
gallon Of benzne in approved can eight 10 ten hanos
Part Of fourth and fifth nCorsThe Lindsay type foon'
Dry stock Of metal type and printers n"erisi sNoa
ype-moudjng machines fire heat melung'po' se' IN DA
and iron five paners three nnishers twenty-five 70 u"
hands.
Ueating-Stoyes; steam from street.
Petroleum products-As above.
Fire heat for manufscturing-As above.
Fire applianees-Pails, tanks ant casks.
Exposures-Not serious.
Condtion-Far.
President Stone of the Greenwich Fire insurance
Company said Yesterday "we considered that repof'
as entirely favorable and thought we were pefiecuy
safe in continuing our policy Of slo,ooo our own
inspectors have also visited the building withih 10"
months and made US a similar report
II Is admitted By all the companies VINO hsa ISSUE.
noI,c,es 70 Mrs. Grain that IT was risk when pa'o
thsm n,gb rate. but they maintain that this was %
cause OF the large number OF tenants ana not o.
account of the dangerous condition OF the ouains'
n was what insurance men call an omnibus tsA. W
:. =. an. many pnrposes for which the building was
,n,ad II contained fourteen tenants, ana eacn
snapt added to the hazard of she risk Ths 1t is %
clared. made the high rate
''''' INSURANCE ON THE BUILDING.
The building was Insured I'm the following comi" ,n az
Greenwich Fire Insurance CSmp@ny q EsWYopx 10 00t
Sssara Fire Insurance Company Of yerors 800
rman insurance Company Of ST. Panl'.'..''''-'' ~
phoenix Association, OF LONDON 10