The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1901-01-30
WHAT is LLoYD'S?
1t In tho Grentest Insurance Agency
In tho World.


1t In the Grentest Insurance Agency
In tho World.
Most Of the members OF I.loyd's car
~ oil business as brokers or under
writer's on their own responsibility"
says writer in AInslee's Magazine.
"As corporation Lloyd's assumes no
financial liability for the failure Of any
Of Its members or subscribers. But 1t
admits to membership only men Of
reputation and means, who must de-
post pccunlary guarantee in order to
become an underwriting and nonunder.
writing member, an unnual subscriber
or an associate. An underwriting
member must deposit with the COM
mittec Of Lloyd's $4,000 or 10000, on
which lie receives interest and which
may be returned to him three years aft
er he ceases to be an underwriting
member. He pays IN entrance fee of
$4,000 and an annual subscription of 20
guincas. An annual subscriber pays
&c entrance foo, hnt nm nnnunl snb-
scription Of Z guineas. An associate
member pays 5 gulneas.
"Therc were In 1911 only 20 sub
scrlbcrs to Lloyd's. There are now
nearly 1000. The subscribers In the
themselves to marine insurance. They
were willing to take e. risk on almost
anything. There is still preserved ut
Lloyd's policy on the life Of Napo-
leon Bonaparte for one month ut
premium CT guineas per cent. Bank
deposits are insured in Lloyd's, also
race horses and the lives of threatened
monnrchs. An odd case was the coy-
ering Of risk on glass bed packed
IN 70 cases for Il certain sultan. Lioyi's
insured the Prince of Wales jubilee
stamps, guaranteeing that the issue
would be successful. The voice Of IL
prima donna has been insured. a
tradesman in n London street who has
un impression that monument may
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 a1oat arc subjects for in
surancc. Policies against twins is q
favorlte form Of insurance
"a well known underwater Is said to
be always ready to lay thousand to
one against twins. Lloyd's issues in
surance against burglary. Elephants
are insured regularly. The life Of the
great Jumbo, who came to New York
on q Monarch line steamship, was in
sured In Lloyd's for the voyage to New
York. He was not insured when the
life was knocked out Of him by q loco
motive on an American railroad whose
tracks he was crossing. A celebrated
singer took out IN insurance in Lloyd's
on the life Of Queen Victoria. She
paid big premium on account Of the
age of the queen. The reason the sing
er did this was not because she cared
anything more than most folks for the
queen, but because her contract to sing
would have been abrogated by the
queens death, which would have
plunged England into mourning and
prevented the singers appearance in
opera.
"The committee Of Lloyd's has q
standing advertisement in Lloyd's
Weekly Shipping Index requesting oil
captains who may call at British ports
to communicate any information con-
cerning Gny wreck or vessel in distress
or making n long passage to Lloyd's
agent ut the first port of call. The val
ue of such intelligence is great. and it
may be sufficient to remind captains
how often such news may be the
means Of conveying to the wives and
families Of officers and crews the as
surance of the safety of their husbands
or fathcrs.'
"At an office on the ground floor of
the Royal Exchange Lloyd's answers,
free Of charge, oil sorts of inquiries
from the wives, other relatives or the
sweethearts Of sailors anxious about
the cruise Of poor Jack or desirous of
hnding out where his ship may be.
There Is a list kept by which the
whereabouts OF any British vessel may
be found in twinkling. An impor-
tant book Is the Captains Register
containing the biography Of more than
10000 commanders in the merchant
service OF Great Britain. Another vol
ume not high In favor with the under
writer's is called the black book in
which missing and wrecked ships are
recorded. Lloyd's publishes what is
practically list Of all the merchant
vessels Of the world measuring 100
tons or more. Il is called 'Lloyd's Reg.
lister of British and Foreign Shipping
and 1t tells all about every se7going
craft worth mentioning. giving II er ton
mage. dimensions and the name Of her
captain and owner"
English the Greatest Tea Drinkers.
And whittier go the millions Of
pounds of tea which are grown in the
gardens OF the east? The answer Is
rather SurDriSinD Moct poopIo xro,,J1