Daily press. [volume] (Newport News, Va.) 1896-current, 1910-11-16

ness CONSTRUCTION vi hHS pa"
Mr. Lett contended that as the Wit
ness lad been permitted to TESTIFY
that the shipyard property was not
affected by the ten per cent. Increase
the Commonwealth should be per-
mitted TO ask about the witness un-
Outstanding OF the slip in other re-
spects. Mr.. King insisted that as the
association has no rating for the ship
/ yard. there could be no increase IN
shipyard rates. The court sustained
the objection.
Asked whether or not he had writ
ten any insurance for the Old Domin'
ion Land Company since May IL, the
witness said he had written $4,000 on
Pier A. The ten per cent had not
been applied Ia this case because the
witness clerk did not consider the
pier within the city limits. but cor
rection has been received and the ten
per cent. viii have TO be applied.
Witness had written some insur
ance on Chesapeake e. Ohio elevator
"A" since May IL. The ten per cent
increase applies to all railroad prop
erty within the city limits. The rail-
road takes all the insurance II can
get on the elevators.
At the conclusion OF the redirect
examination counsel for the defense
had no further questions to ask and
the witness stood aside.
Mr.. Chaplin Recalled.
w. T. Chaplin, who was excused
from the stand Monday to refer to
certain records in mis- Office, was re-
called to the stand. Mr.. Lett asked
about the tariff rate on the house OF
u. A. Smith, on Roanoke avenue,
which. the witness testified MONDAY
had been written at a rate lower than
that prescribed by the association.
The witness said the tarif rate on
this property In June, when the insur'
ance was written, was $2.65 and that
the policy was written at $40. Wit
ness said he had used the rate OF
$500 because the property had been
written at this rate five years ago
and he saw no reason for making an
advance on the renewal. Questioned
by Mr.. Lett, the witness SAID the RATE
on this property was S2.20 In March
1903. was raised to 1886 In April
1908 and was reduced to s2.45 In June
1910. Witness said the ten per cent.
was not applied to May renewals TINS
year.
The witness said the two policies
on Pier A had been written by MN
through Willett & Patten. The Ola
Dominion Land Company had notified
him that unless the pier could De
written at the old rate, Il would not
be written at al!.
Questioned by Mr.. Bachelor, the
witness said that he represented Two
large insurance companies that ala
business in Newport News last year
which did not renew their licenses
this year. OF about $f,300.0e0 OF IN
surance at the shipyard, not TO ex-
coed $4,000 Is written outside OF the
city. Witness went on to say ina,
25 per cent. Of the premium receipts
OF the local Offices comes from the
shipyard and outlying territory. MOST
of the shipyard insurance Is written
through New jersey brokers, who get
ten per cent OF the commission. In
cases of special risks, the local agent
has a contingent agreement under
which he gets a share OF net prohts
in addition to the fat commissions.
Used Rates In Spite Of Law.
C. B. helms followed Mr.. Chapin
on the stand. Witness said when ne
sold out his interests In February, ne
had been in the insurance business
for twenty years At one time his firm
represented tweuty-one insurance
companies. While the Wharton law
was In effect his companies used the
same rates that were made by the
Southeastern Underwriters Associa-
ton before the law was enacted.
Captain Berkeley named the Conti-
mental and other companies known as
'non-boara" companies and asked
whether the witness. as an expert
enced insurance man here. thought
these companies would carry all OF
the insurance In Newport News,
without reinsurance. The witness
said, Not by . great deal" He went
on to say that these companies,
alone, could not carry all OF the In
surance. particularly. OF the shipyard
and terminal property. Some years
ago he had wrote all the insurance
he could get In the United States on
grain In the Chesapeake & Ohio eie-
vator "a" and that Il had been I'm
possible to get all the insurance want
ed.
On cross-examination. Mr.. King
asked whether he could name all the
"non-board" companies doing bus.-
ness I'm Virginia Witness could not.
He thought there we're about 30 non
board" companies In the State. but
could not say what are the aggre-
gate assets O; these companies. Ques-
toned as TO whether the Fidelity IN
derwrlters' Company could write as
large a risk as any other company
III the State, the witness said he
thought It could. Witness said the