The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1901-01-24
WHAT Is LLoYo'ss
II IL the Greatest Insurance Agency
In the World.

Most of the members Of Lloyd's car-
~ on business aa brokers or UNDER
writer's on their own responsibility
says writer in Alnslee's Magazine.
"As a corporation Lloyds assumes no
financial liability for the failure of any
of e. members or subscribers. But IL
admlts to membership only men of
reputation and means, who must de-
posit pecuniary guarantee In order to
become an underwriting and nonunder-
writing member, an annual subscriber
or an associate. An underwriting
member must deposit with the COM
mittee of Lloyds $4,000 or 10000, ON
which he receives interest and which
may be returned to him three years aft
er he ceases to be an underwriting
member. He pays an entrance fee of
$4,000 and an annual subscription of 70
guineas. An annual subscriber pays
no entrance fee, but an annual sub
scription Of guineas. An associate
member pays guineas.
"There were in 1771 only 70 sub
scribers to Lloyd's. There are now
nearly 1000. The subscribers In the
olden time. as now. did not conflne
themselves to marine insurance. They
were willing to take risk on almost
anything. There Is still preserved nj
Lloyd's a policy on the life Of Napo
leon Bonaparte for one month at q
premium of 3 guineas per cent. Bank
deposits are insured In Lloyd's. alst
race horses and the lives of threatened
monarchs. An odd case was the COW
ering of risk on a glass bed packed
In 20 cases for certain sultan. Lloyd's
insured the Prince of Wales jubilee
stamps, guaranteeing that the issue
would be successful. The voice Of a
prima donna has been insured. A
tradesman In London street who has
fall on his shop has taken out policy
at the nominal premium of Is. Cd. per
cent, Gate money for cricket and foot
ball matches: animals of all sorts
ashore and afoat are subjects for In
surance. Policies against twins is q
fayorite form of insurance.
"a well known underwater Is said tc
be always ready to lay thousand tc
one against twins. Lloyd's issues in
surance against burglary. Elephants
are insured regularly. The life Of tie
great Jumbo, who came to New Yorl
on a Monarch line steamship, was in
sured In Lloyds for the voyage to New
York. He was not insured when the
life was knocked out of him by loco
motive on an American railroad whose
tracks he was crossing. A celebrated
singer took out an insurance In Lloyd's
on the life of Queen Victoria. She
paid big prenkum on account Of the
age of the queen The reason the sing
er did this was Aot because she cared
anything more than most folks for the
queen, but because her contract to slnl
would have been abrogated by tho
queens death, which would have
plunged England into mourning ant
prevented the singers appearance II
opera.
"The committee Of Lloyd's has O
standing advertisement in Lloyd's
Weekly Shipping Index requesting nj
captains who may call at British port.
to Communicate any information con
cerning any wreck or vessel in distres!
or making n long passage to Lloyd's
agent at the first port of call. The val
ue Of such intelligence is great, and i
may be sufficient to remind captain!
how often such news may be the
means of conveying to the wives an(
families of officers and crews the as
surance Of the safety of their husband,
or fathers
"At an office on the ground floor o.
the Royal Exchange Lloyds answers
free Of charge, all sorts of inquire.
from the wives, other relatives or til,
sweethearts of sailors anxious abou
the cruise of poor Jack or desirous o.
finding out where his ship may be
There Is a list kept by which tn,
whereabouts of any British vessel ma,
be found in a twinkling. An impor
tant book is the Captains Register,
containing the biography of more thar
10000 commanders in the merchan
service of Great Britain. Another vol
ume not high in favor with the under
writer's is called the black book IL
which missing and wrecked ships ar,
recorded. Lloyd's publishes what I.
practically list of all the merchan
vessels Of the world measuring Ion
tons or more. 1t is called 'Lloyd's Reg
lister of British and Foreign Shipping,
and 1t tells all about every seagoin,
craft worth mentioning, giving her ton
mage, dimensions and the name of he
captain and owner"