The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1906-11-07


form don "a respect e slliipltg.
1T Is espeeillly for this Inter under
takfne that IloVdi's S a.fluliIsillly EQUIP
spread over the seapoEts IN every
quarter OF the globe, who are IN COM
slant communication with the once
ln London which day ana night
throughout the year S Open for the
reception OF news. Appointed By the
committee. carefully chosen for their
tworthiness. these agents dispatch
every item OF Information OF interest
TO the shipping community to LloSd's
by the quickest possible route. teIe-
graphic or otherwise. The arrivals and
departures OF vessels from the various
ports, the fact that they have b,sen sig
nailed at sea. the occurrence OF wrecks
and casualties. are known Mt I4loyd's
within an Incredibly short time, a
shipwreck being often announced
within ffteen minutes OF its happen-
ing, while prior TO the establishment
Of teIegraphs the government was
largely dependent upon Lloyd's for
early news as to what was going on in
the various parts OF the world. All
this intelligence thus gathered and re-
ceiyed IS at once embodied for refer
ence In the Index, a gigantic colni-
pfIatlon comprised in twelve foltos and
kept for consultation In the reading
room. Thanks to the Index, an under
writer can learn by search which Is
only a. matter of moments where and
in what condition Is every vessel In
the British mercantile marine and a
great number OF foreign ships. Indeed.
the movements OF some 100000 craft
are chronfcIed In these volumes from
hour to hour by a large STAFF Side by
side with the Index IS Lloyd's Cap
tains' Register, biographical die
tfonary of ali certiacated masters OF
the merchant service, containing every
detail OF their careers since the time
they received their certificates. By or
der OF the 9oVernmeht, all Information
that reaches the state registrar geti'
eral OF shipping and ssnmen is at once
furnished to TdOyd's, so that the die
tionary. IN which over 10000 pages
are posted M in the course of the year,
Is as complete and as perfect as I'M
ceasinE revision can make it. l may
add that there are about 10000 certlh-
cated masters cf the British rnercan-
tile marine
In Classifying ahi registering ships
I,Ioyd's uses various marks and signs.
Tins shios in tin. first class are noted
nv the distinctivc marks ~ ]. E'ut II
the sbir, Is set down as "A at Lloyd's'
II means tirat tn. vessel * not in good
orda- and not a satisfactory risk.
Therefore the addition OF the words mt
I,loyd's" is a stignla Of lnferiOrtty and
,nav b4- taken as an Indication that
further information OF detrimental
character wiIi be furnished regarding
the ship in question at I-loyd's. IL
would require too much space to give
In detaii here the meaning of the vari-
GUS letters and authorizations used by
I.loyd's to designate the rating OF the
ship without exposing themselves TO
legal action by the owners, bnt l may
merely mention that the addition OF
Maltese cross signifies that the vessel !
has been built under special survey |
and is therefore Il particularly safe
risk
ON the ground door in a special room
IL Installed an inquiry Office, ut which
fine friends aud relatives of those that
90 down to the sea IN ships can learn
without charge whatever is known at
I,loyd's OF the whereabouts and safety |
of the vessels which carry their nus !
bands. their brothers, their sons or
their lovers. Close by is the chamber
OF horrors" where the kilograms Civ.
ing details of all disasters are posted
no, whence the name Of the room.
Although primarily organized with
view to marine insurance, LIoyd's ex'
tends It's operations to all sorts of other
Tislcs indeed, it will underwrite al
most anything. It WIN insure against !
burglary. against its raining ON Ger.
tain- day. In fact. a mere enumera-
tIouL OF the most curious risks would
he a wearying task. When insurance is
erected at LIOyd's the procedure is DIFF
farent from that OF an ordinary tnsur-
ance company. for Lloyd's does not
insure as a body, the business being
lone BY individual members. These
members split up the risk. Each takes
a small portion only. thus insuTing sta
pity by the extension and consequent
curtailmeRt OF the risk as far as each
individual Is concerned The names of
these members are indorsed on the
policy. together with the amount OF
risk undertaken. They are written on
he policy one under the Other-hence
the term OF .'uuderwrlter.' New York
Tribune