New-York tribune., 1906-08-12

volvet- Not merely ships OF the English me-.
camille navy. but also men-of-war. and sv
merchantmen belonging 10 the enemy. wen
insured at Lloyds- If the risks were great al
premiums were high. and the scrupuIous ,s-
with which Lloyds always punctuaIy fulfilled =.
obligations. it's triumphaI issue from the oria-
Of several parliamentary inquiries and ass
all, the active role which It assumed in nario,
and patriotic movements all contributed N
tablish its hold upon the good viii OF the uso,.
Thus il was Lloyds which first initiated n.
lifebOat service which has been adopted bv ev.-
civilized country in the world bOasting Of a s.
board. and il was Lloyds' name that fgr-i
for $4,000 at the head or the subscrptiou i.
for the building Of the first Ifeboat s
launched Indeed. for a quarter OF a een,.-
the entire IffebOat service Of the United Kings-
was maintained by LIoyds until il was tss-
over by the National Lifeboat Institut-
Again. IL was LlOyds which originated viii
subscription Of 100000 in 1903. that Pat-io-
Fund which is still in existence. and which Dr..
ing the last one hundred wears has provided q,
the welfare Of the widows and orphans Of thu
who had lost their lives in the naval or nlritar
service OF their country. besides caring for ur
who had wrecked their health or who had be-
crippled while fighting England's battles
Finally, In 1871. Queen Victoria AFFIXED b
sign manual 20 an act OF Parliament proviin.
for the organization Of ILoyds In its prsss-
form. II comprises about GOO underwriting an
about 200 mountaineering members besiis
about 500 annual subscribers. The unds.
writers pay an entrance fee and an annual ST.
scriptiOn. and. to place their credit beyond
doubt. they are required 10 deposit as minin1a
$4,000 security with the committee. Nemb-.
ship OF LlOyds Is most jealousy guaria
Candidates must come before the commit
with the written recommendation OF six me-.
bers. and prepared to answer al questions z
whatever kind put to them The election tks
place by ballot and for seven days previoz
to fits occurrence the name Of the wOuld-be ms.'
Der must have been posted IN the sO-caAt
"Chamber OF Horrors" The object o, the CO.
pOratiOn. as proclaimed by the lS7l act G
Parliament, Is first the carrying on Of The bus
ness of marine insurance by the members Of u'
society; second. the protection Of the interefi
of members OF the society in respect to shipp@
cargoes and freight. and third, the cOleet'
publication and diffusion OF intelligence and Il
formation with respect TO shipping.
1t Is especially for this latter undertaking t-i'
LlOyds is admirably equipped II has thOusalA
Of agents. spread over the seapOrts IN ever
quarter Of the globe, who are in constant eol'
munication with the office IN London, which dl
and night throughout the year Is open t0r u
reception of news Appointed BY the colaiai-V
carefully chosen for their trustwOrthiness. tsa
agents dispatch every item Of information o. z
terest to the shipping community TO LloyG y
the quickest possible route. telegraphie or o'-'-
wise. The arrivals and departures OF vesss
from the various ports. the fact that they IL
been signaIed at sea. the occurrence OF WIs-1
and casualties, are known at LlOyds Vlian -
incredibly short time. shipwreck being Or
announced within fifteen minutes Of IFS h'sE.
ing. while prior to the establishment OF e
graphs the government was largely deieA---
upon ILoyds for early news as to what vas :
ing on in the various parts OF the WoFL
this intelligence thus gathered and receive =
az once embodied for reference In the AH---