Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1901-01-17
WHAT is LLoYD'sf
Il II the Greatest In.urance Agency
In the World,

"NIost of the members of Lloyds car
writer's on their own responsibility
says writer in Ainslce's Magazine.
"As a corporation Iloyd's assumes no
financial liability for the failure of any
of It's members or subscribers. But it
admits to membership only men Ut
reputation and means, who must de-
post .pccuniary guarantee in order to
become an underwriting and nonundcr-
writing member. an annual subscriber
or an associate. An underwriting
member must deposit With the COM
mittee Of I.loyd's $4,000 or $4,000, 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
guinens An annual subscriber pays
no entrance fee, but an annual sub
scription of Z guincas. An associate
member pays guineas.
"There We're in I'LL only 20 sub
scribers to Iloyd's. There are now
nearly 1000. The subscribers in the
olden time, rs now, did not conflno
themselves to marine insurance. They
were willing to take q visk on almost
anything There is still preserved ut
Lloyd's Il policy on the life Of Napo.
leon Ronapartc for one month at q
premium of 3 guincns per cent. Bank
deposits are insured in Lloyd's, also
race horses and the lives of threatened
monarchs. An odd case was the COW
ering OF risk on n glass bed packed
In 20 cases for Il certain sultan. Lloytl's
insured the Prince of Wales jubilee
stamps, guaranteeing that the Issue
would be successful. The voice OF II
prima donna has been insured. a
tradesman in II London street who has
an impression that a monument may
fall on his shop has taken out II policy
cent. Gate money for cricket and foot
ball matches; animals OF all sorts
ashore and atloat are subjects for in
surance. Policies against twins is Il
favorite form of insurance.
"a we'll known underwater is said to
be always ready to lay thousand to
one against twins. Lloyd's issues in
are insured regularly. The life Of the
great Jumbo, who came TO New York
on a 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 Il loco
! motive on an American railroad whose
tracks he was crossing. y celebrated
singer took ont an Insurance in Lloyd's
on the life of Queen Victoria She
paid n big premium on account of the
age of the queen. The reason tho sing
ef did this was not because she cared
anything more than most folks for the
| queen. but because her contract to sing
would have been abrogatcd by the
queens DEATH which would have
plunged England into mourning and
prevented the singers appearance in
opera.
"rhc committee of Lloyd's has a
1 Standing advertisement in Lloyd's
Weekly Shipping Index requesting all
captains who may call at British ports
to communicate any Information con-
oerning any wreck or vessel in distress
or making n long passage to Lloyd'a
agent at 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 thcir husbands
or fathers
AT an office on the ground floor of
the Royal Exchange Lloyd's answers,
free Of charge, all sorts of inquiries
from the wives, other relatives or the
sweetlearts of sailors anxious about
the cruise Of poor Jack or DESTROYS of
finding out where his ship may be.
There is list kept by which tha
whereabouts of any British vessel may
be found in twinlSling. 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 III
WHICH missing and wrecked ships arc
recorded. Lloyd's publishes what is
practically list of all the merchant
vessels Of the world measuring 1Ot
tons or more. 1t is called 'Lloyd's Res
lister of British and Foreign Shipping
and 1t tells all about every scagoing
craft worth mentioning, giving her ton
mage, dimensions and the name of hel
captain and owner"