New-York tribune., 1897-01-30

THE NEW-YORK CITY HALL.
contributions OF the many who gain, for the
losses OF the few.
"If a guest slips on your waxed oak floor and
breaks an arm or the icemai falls over mis-
placed ash can in the alley, public liability IN
surance protects you against any claim. the
owner of a great office building or store mas
another form Of policy that protects him against
any claims for injury to the public or his own
employees or tenants from injuries sustained
on the premises or while in the street or alley
adjacent His elevators and steam boilers are
insured under two other forms OF contract, pro-
viding for repair Of damage to the properly
and payment of large sums where persons are
killed by fall Of elevators or explosion OF boilers.
The factory or mine owner again. insures
against claims for any injury to his employees
and insures them. by single policy. indemnity
in case Of injury. Horses Will run away and
draymen have little respect for others on the
highway. so insurance assumes these risks for
trjf1ing premium, repairs the damage and set
ties the claims of the injured with no trouble
to the owner of the teams.
Hot water on a frosty day, a small boy and
a firecracker, a clerk and a stepladder. or Ice
falling from the roof are all the mortal enemies
of plate-glass windows. and the larger the plate
Of glass the more enemies II seems to nave; so
| here again the insurance company COIneS Will
its policy to replace the glass when broken
THE farmer once counted himself far re-
| moved from these dangers Of city life. and had
| only fire to guard and insure against: but the
| hail came now and then. destroying his crops
| in an hour and then the tornado strayed
! from the unsettled regions of the South and
| West to the neighborhood of cities and towns.
leaving devastation and death along its narrow
| track.
/ Here was a new hed and tornado and hail
| insurance now cover these calamities for all
| who pay the price.
| "In these days Of universal trading In real
| estate the examination OF titles has become an
| important department of legal practice, and
errors in title affecting the validity OF DEEDS
hav, led 10 endless litigation. The Abstract
| Company arose to meet the demand for COM
| nIetc and reliable indexes of records and title
insurance followed at once. guaranteeing the
correctness Of abstracts and the validity of
title deeds Trusted employees sometimes prove
unfaithful. stealing much or little as opportun-
ity permits: here again fidelity insurance ac-
cepts its fees and stands silent watchman.
ever at the counting-room door, to restore all
moneys stolen and bring the criminal TO just pun
ishment for his crime.
ITO protect stores and factories against fire.
automatic sprinklers invented, and then
it was found that the sprinklers would some
times spring aleak at the wrong time. damaging
everything beneath them. Another Insurance
field appeared. and the owner of the
snrinkled' establishment must pay another in
| surance company to protect him against water
| when not wantcd
With all these insurance policies paid FOR ana
| in his safe the prudent New-Yorker might DE
| expected to go to his home at night and rest
| in the thought that calamity can only come 10
| him bv death; but the evening papers tell of the
| failure of debtors owing him thousands. ana
he tosses in troubled sleep. to awake and ma
| that burglars have broken into his house and
| eto,en costly Jewels and plate. The morning
! finds him in his office discouraged and desper-
| ate "Telephone Mr. Broker" he orders. that
7 would like to see him this morning II he can
| make il convenient to call for moment Mr'
| Broker quickly appears and finds his customer
| with thirty different lots Of insurance policies
arranged on his desk
Mr. Broker. I am as you know. firm be-
| lever in the value Of insurance. property or
! business not worth insuring is. in my opinion.
rot worth owning. ! have protected my pusl-
! ness at every point and Still losses came VIII
Won kindly glance over these schedules Of my
| insurance. and tell me where can nave "'
ditional protection:
\
p~oter ..but YOU lack several small lines. A
no,icv of credit insurance. covering bad debts
burglary insurance TO protect both residence
| and store. and incidentally to indemnify you II
| knocked down and robbed at night on the
street; livestock insurance to cover the death OF
vour horses and cattle; a couple OF small pol
| TOTES insuring your bicycle against then ana
Guaranteeing weekly cleaning and all needed re-
pairs. and another insuring your watch lor al
! necessary repairs. will. THINK coihpie'e '"e
list and make you as secure as possipie'
This may seem long story pu' II s'h'p'' ou''
lines the development Of Insurance from 'he
- roo,s-life fire and marine insurance of
hundred wears ago. Much Of this Is the result
| ~ American enterprise. and all Of 1t emoodies
the great fundamental principle OF insurance
the greatest possible good TO the largest uninoer
ot the smallest and most equally distributed COST