The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-16

The press dispatches from London con-
veying the news OF the death OF King
Edward stated that tho rate OF insurance
offered by the Lloyd's Insurance com
pany. following the announcement OF the
Klng Illness. went up from 30 guineas
10 90 guineaS per cent. This was thought
by many TO have special reference 10 the
King himself. In other words. many were
led 10 believe that IL would indemnify his
personal estate In the event OF his de-
mise, such. however are not the facts.
IIloyd's has n system OF insurance pecu-
larry its own. A large amount OF the
business written by this concern has
never been attempted by any similar com
pany In America. mainly FOR the reason
that the conditions In this country, being
so vastly different TO what they arc in
England. would not warrant such a
course.
The particular reference OF the dis
patch was To the fact that LIoyd's had
issued policios to business mep and others
against financial losses in the event of
his majesty's death within stated peri
cd. AS late as the afternoon OF the day
the king died contracts of this character
were Issued
in 1901, following an operation for
appendicitis, fear seized the London mer-
chants and theatrical managers and n
large amount or insurance was placed
upon the kings life at a premium OF
so guineas per cent. The king, how
ever. recovered and the insurance COM
quence.
The people hereabouts can appreciate
the depressing effect the death OF q
ruler o. some other noted person in Eng
land mas upon the tradcspeople or the
great metropolis. An classes are more or
less affected, customers and milincrs
especially. Then there are the hotels
with their vast bodies OF servants; the
rheaters. which have TO remain closed
until after the final obseauIcs, thus throw
ing thousands Of employees. who live
from hand to mouth the year round. out
OF employment. The business men who
were wise enough 10 take advantage OF
the insurance VIII in a measure he COM
pensatcd for the losses they arc bound TO
sustain. 1t is learned that Llovds al
ready have their adjusters at work. and
IL Is estimated that their losses due 10
the death OF tho king will not fall short
of IS, 900, equivalent to abount $50
600. 900 in American money. IL would
therefore appear that as a business prop
ostion this feature OF insurance. insofar
as II relates 10 the business man in Eng
land. is about sensible and practical
as the carrying of fire or any other form
of insurance.
While on this subject IT might be stated
that Lloyds and other insurance COM
panies In England write kinds of insur-
ance which no American company has
thus far attempted to pattern after. 4
rather novel one Is tho 'iurymen's In
surance." For an annual premium OF one
or two shlllings as desired the insured
is guaranteed compensation at the rate
of half a pound a day for each days
service he is required 10 perform on
Jury during the year. The policy is
free from conditions. All the
applicant is required 10 give is his name,
address and occupation. The only re-
Strictions In the policy are the limiting
of the company TO one claim in II year and
no liability should the insured be called
to serve on coroner's jury, The scheme
has been in vogue for some time past and
IL is said that businessmen everywhere in
I,nDl1rh "a "a ho1 eclN Of 1F Fir,I 20
protection. 4 certain local insurance wac
find no buyers In the United States for
the reason that many OF those summoned
for jury service can earn more money as
Jurymen than any other way.
Fighters Insured
The other day The Hon. Tex Rickard. of
Gght- promoting fame. obtained from an
agent OF Lloyd's Insurance company in
Chicago q policy for $50, 900 on the John
prize fight against the death
or default OF either of these worthless 10
appear in the prize ring at Icmeryville on
July 4. next. The fight promoter paid a
premium of $500 for The policy, and said
lie would have given a larger sum to
none wanted the business
Pianists Insured
Many OF the worlds noted pianists and
jnStrumentaiisLs carry insurance with
Lloyds in amounts ranging from S100 600
To S10O.ODO on their hands. Paderwiski
the eminent Polish pianist has for wears
carried n policy which would nav him
4 fabulous sum should he accidentally