The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-07-04
g.
Pa
ALONG RAILROAD LINES
The N. P. Has Established an In
surance Department.
BILL OF LADING STAMPS
Northern Pacific Earnings Continue to
Show Handsome Increases - Two
More Cars Arrive for the Cop
per City Limited.

and addressed to all officers and en-
ployes of the company. was received IN
Butte yesterday. announcing that an
Insurance department had been estab-
lished and went into operation on the
LIST of July. All the property of the
company and its proprietary lines. ex-
cepting such of the latter as are COW
cred by insurance policies that do nor
expire until later. will be insured
against loss and damage by fire or
lightning in an insurance fund created
for this purpose. Upon the expiration
OF such policies as continue in force be-
yond date the property covered by
them will then come under the juris-
diction of the insurance department.
w. III. Gemmell. the assistant secre-
tary of the company i'm st. Paul, will
have general charge of the new depart
ment and +. w. Osborne. formerly chief
clerk to General superintendent Kim
berry, has been appointed insurance in
spector, with headquarters in St. Pail.
He Will report to Mr.. Gemmell.
Ii is proposed to ave a reserve fun
sufficient to cover all ordinary losses,
and this fund of necessity will grad
ually increase. Instead of paying prem
iums to an insurance they
wiz NC Bdiu liiAp NilS lhlld III AT ihSS-
es will be covered by it. The profit that
ordinarily accrues to the insurance
company will be absorbed by the new
fund. 1t is not to be understood that
the has organized an insur-
ance concern as such. merely extend
ing the duties Of certain employees 50
that they can handle special moneys
set aside for the purpose of meeting
losses ordinarily met by insurance com
panfes and so readjusting its system
of bookkeeping hat this work can he
carried on by the company without
outside assistance.
Among the prominent lines that have
adopted a similar insurance plan are
} the Great Northern, the Pennsylvania,
the Milwaukee and the Erie.
1t will be the duty of the insurance
inspector. as set forth In a circular of
instructions issued by j. w. Kendrick,
general manager, to regularly inspect
all buildings. structures and Other
property of the company that might be
damaged or destroyed by fire. This in
spection will extend to the methods
used in handling and storing oil. fuel,
ashes, waste and all combustible ma
~terials. and supplies; the handling.
cleaning and care of all heating and
lighting arrangements: the placing Of
cars with respect to the communication
of fire with them and the appliances
DION lbtu ~ III DloANNAl'AA. u VIII
report the results of his inspection TO
the division superintendent or master
mechanic and the assistant secretary,
and his report will contain a statement
of the general condition of the property
inspected and recommendations for
better protection wherever necessary.
The supervisor of bridges and build
ings will accompany the insurance in
spector on his tour of general inspec-
ton over his division.
An interesting question that has
arisen in freight departments in con-
nection with war stamps is whether a
shipper. after receiving from a local
agent at a an ordinary re-
ceipt duly stamped, should expect the
general office. in cas- he afterward de-
sires a bill of lading, to pay for the
stamp on the latter. 1t is c~ontended by
some that i'm such cases the bill of lad
ing is merely another receipt-much
handsomer. of course-for which the
original receipt is exchanged. The bill
of lading is marked original but In
such a case IL will be regarded by
some freight departments as another
receipt. and the shipper will be expected
to pay for the stamp it will bear.
A circular issued to agents by Cen
eral Freight Agent Moore of the North
ern Pacific yesterday contains this
clause i'm parenthesis: woo stored IN
wool warehouses, or in the ears of this
by the actual growers there
of and for which "A warehouse receipt
is issued, is considered an agricultural
product not subject to the tax
Northern Pacific earnings the third
week of June were 1863. 21S, an increase
of S42. 991. or 1872 per cent; three weeks
of June. 81, 13s, 044. an increase of SEE
All. or 1872 per cent; total for fiscal
g s23. 0SS. 34s, an increase of S5.O93.2Ol,
or 23.3 per cent. The statement Tor May
1895 1897
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