Daily press. [volume] (Newport News, Va.) 1896-current, 1910-06-14

loss in the FIRE that destroyed the Z.
& O. piers In 1897 was marine IN
surance. Mr.. Powell said that the ten
per cent. increase effects the piers III
the city limits. lie had not maze
the increase rate effective on proper
~ outside OF the city limits anu
he had written no policies on such
property since the new rate became
effective. However, he would not
have applied the rate outside OF the
city.
Captain Berkeley took up the rate
book of the association and pointed
out that this book contains rates Tor
the G.. a. o. piers outside OF the city
limits: for property along Ivy avenue
and for all the property contiguous 10
the city limits Counsel for the de-
tense could not understand this line
OF testimony of the State and Capt.
Berkeley said he merely wanted to
show that the property outside OF
the city limits is rated in Newpori
News rate book and that the natural
inference was that the ten per cent.
increase provided for by the pink
slips" would apply to all property
rated In this book.
Witness Identifies Defendants.
Mr.. Powell Identified all of the de
PENDANTS present in court. ii. j. Chat
terly, of Baltimore, was not present,
Justice Brown having given him leave
to visit Baltimore for two days. The
witness was not acquainted with the
members of the executive committee
who were absent and who failed to
appear for trial.
The witness was asked why the ten
per cent. increase does not effect the
shipyard and he replied that he could
not say whether or not the increase
does effect the shipyard. However.
his impression is that il does not.
I he Powell Trust Company, the wit
hess said. wricts one policy on the
shipyaro, but he could not recall
where the rate came from. After
much questioning. Captain Berkeley
ELECTED from the witness that fact
that he receives the policy from
Jersey City, ~ j.. and merely signs
it. Tbe brokers fill the policy out and
figure the rate.
No Ground for Estimate.
Examined by Mr. Lett, the witness
said that he had no definite ground
on which to base his statements of
Saturday that there will be a falling
off OF about $4,000 in premiums this
year because of the increase of the
rates. He had heard that several
large property holders had publicly
stated that they would not carry in
surance unless the ten per cent in
crease is taken off by the association
Mr.. Powell could not give any esti-
mate OF the exact amount of insur-
ance represented by the $4,000 in
premiums. The witness was asked how
he arrived at his estimate that there
Is $4,000 in premiums on property
outside of the city and he replied that
he estimated that there were from
/ 200 TO l 500 buildings outside of the
city that would carry from $500 to
$1,000 insurance each. The $4,000 in
premiums would represent from
100000 TO 100000 in insurance
earned on the property outside OF the
city.
Questioned again by Captain Berke-
ley, Mr.. Powell said that he did not
kr5w how the expense of the as
ISOLATION in collecting premiums is
made up. The witness said he did
not know which of his companies pay
money to the Southeastern Under
writer's Association.
SAFE viii Protect A..s1ts
Before excuring Mr.. Powell Captain
t'erke'ev said Il at he might rot re-
1nire Mr. Powell TO answer The ques-