Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1901-07-12
WHAT is LLoYD,3?
~ Is the Greatest Insurance Arencv
In the World.

II heHlDeTS OF Lloyd S car
~ on business as brokers or UNDER
WRITER'S ON their own responsibility"
says a writer in Ainslee's Magazine.
AS a corporation Lloyd's assume no
financial liability for the failure of any
OF Its members or subscribers, But II
admits to membership only men of
reputation and means, who must de-
post a 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 Lloyd'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
$4,000 and an annual subscription of %
guineas. An annual subscriber paws
no entrance fee, but an annual sub
scription of Z guineas. An associate
member pays 5 guineas.
There were In 1771 only 10 sub
scribers to Lloyd's. There are now
nearly 1000. The subscribers In the
olden time. as now, did not conine
themselves to marine insurance. They
were willing to take a risk on almost
anything. There is still preserved at
Lloyd's n policy on the life of Napo-
leon B~onaparte for one month at q
premium of 3 guineas 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 a risk on a glass bed packed
In 20 cases for q 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 a London street who has
an impression that a monument may
fall on his shop has taken out a policy
at the nominal premium Of 2s. Cd. per
cent. Gate money for cricket and foot
ball matches; animals of all sorts
ashore and afloat are subjects for in
surance. Policies against twins Is a
favorite form of insurance.
"a well known underwater is said to
~ AWa ACaoy W AJ q hhOuoaho "
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
OF 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 a 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 a 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. N
1.-THE committee OF Lloyd's has q
standing advertisement in Lloyd's
Weekly Shipping Index requesting all
captains who may call at British ports
to communicate any information CON
corning any wreck or vessel In distress
or making q long passage to Lloyd's
agent at the first port Of call. The val
ue of such intelligence Is great, and 1t
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 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
s~weethearts of sailors anxious about
the cruise of poor Jack or DESTROYS Of
finding out where his ship may be.
There is a list kept by which the
whereabouts Of any British vessel may
be found In q 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
writers is called the black book In
which missing and wrecked ships are
recorded. Lloyd's publishes what Is
practically a list of all the merchant
vessels of the world measuring 100
tons or more. 1t is called Lloyd's Reg
lister of British and Foreign Shipping
and it tells all about every seagoing
craft worth mentioning, giving her ton
mage, dimensions and the name of her
captain and owner
1t is said that Il distinguished society