Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1902-07-17

4
of Napoleon written at Lloyd's. 1t was
for one month, and the premium was
/ 3 per cent.
| In these days that would be very
ordinary risk at Lloyd's. Policies on
the lives of threatened monarchs are
almost as common as policies upon
delayed ships, which are common
enough.
So are policies on the safety of val
liable animals. Elephants insurance
is quite usual One of the largest AMI
NAL policies was on the life of the
great Jumbo when he came to New
York on a Monarch line steamship.
He had such rough voyage that at
one time it seemed as if the under
writer must lose. But he didn't, and,
unfortunately for the Barnum circus,
Jumbo's owner, he was not reinsured
when later the life was knocked out
of him by a locomotive at railroad
crossing.
Race horses are frequently insured
at Lloyd's; so are bank deposits, and
once at least the voice of prima
donna has been.
Another curious case of Insurance
in the same line was that in which a
great singer, who had been engaged
to give a series of song recitals be-
fore Queen Victoria, insured the life
of the Queen lest her death should cut
short the series, for which the singer
had ordered elaborate gowns and had
cancelled other profitable engagements.
Also If the queen had died the singer
would have been compelled to go into
mourning and could not appear in
opera The queen lived through the
recitals, so the singer got her money
from another source than the under
writer.
The prince of Wales jubilee stamps
were insured at Lloyd's, a prominent
firm of underwriters guaranteeing that
the issue would be successful, as it
was. A somewhat odder risk was the
insurance of glass bed packed in 20
cases and shipped to an eastern po-
tentate. One case was damaged, and
the underwater had to pay in part.
There is very little that a Lloyd's
underwater will not bet upon. If, for
instance. you are uncertain about the
permanence of your gold tooth, upon
which you have expended capital and
the dentist some skill communicate
with Lloyd's, London. Somebody there
will insure it for you. The thing has
been done before.
In the South African war when the
life companies were chary of battle
field risks. there was always Lloyd
to run to, and the underwriters there
did heavy business in such risks. II
came out at the same time that gate
money for cricket and football matches
had been insured.
The underwriters were willing, in
the case of popular games, to do this
for comparatively small premiums
though their ability to calculate
chances in this kind of speculation
might seem to be uncertain when the
British climate is taken into consider
alton.
That doesn't cut so much ice with
the Lloyd's underwater. If he loses
on one kind of bookmaking, he equal
ICES the loss by another.
Many of them will insure against
twins. One well-known underwritei
has made public announcement that he
is always ready to lay thousand tc
one against any such blessing falling
upon happy father.
Once he insured against twins, ant
| triplets arrived. But he considered
that covered by the policy and paiC
cheerfully. content with the advertis
ing the publicity given to the fact con
ferred upon him gratis and not ever
insisting on deducting from the benefi
the amount of the queens bounty, C 5
which is always bestowed in such 3;
contingency.
OF course, marine risks compose tn,
greater part of the business under
taken at Lloyds. but that has it's out
of-the-way features. The presence o
bullion on ship increases the insuI
ance rates in proportion to the amour
involved
When the steamship st. Paul ran o.
the New Jersey beach off Long Branc
in fog six years ago. in her stron
room was million and a quarter i
gold bars consigned to firm of banl
ers in New York, IL was essential [
the underwriters that this gold shoul
be taken off the ship at the earlies
possible moment, for il she shoul
break up their loss would have bee
enormous.
A special steamer was chartered [
get the gold and special guard We
: provided for ii. A sagging chute Wa
: rugged from the st. Paul 10 the 9th,
:, steamer and down this the gold VS.
: sent, IL men armed with revolvel
= keeping watch over the operation
They kept guard till the gold w;
lar ed and transferred by truck to
. Vault in Wall street and the unde
4, writers fears were set at rest.-Ne
:. IoGh Sun.
Of pewet an Agreeable Foe.