The Bridgeport evening farmer., 1916-07-26
=. Finance, Real Estate Insurance .-.
AETNA DECLINES TO INSURE COLD
 FOR SUBMARINE

Hartford, July 266.-AlthoughN the New York agent of the marine depart ment of the Aetna Insurance company was approached some days ago oh the matter of insurance on cargo of gold if the German submarine Deutschland should carry one on her eastward trip, no one connected with the home office of the insurance company knew to-day whether or not a shipment of gold was to be made on the Deutschland as the same inquiry was made of number of marine insurance agents in New York, and none of them has been re- ported as quoting rate. The agent of the Aetna turned the matter down without even consulting the home of- flee. The marine department of the Hartford Fire Insurance company has not been informed whether or not it's New York agent was asked for rate on gold shipment on the Deutsch- land.
 In connection with the report that the Deutschland was to carry a ship rent of gold it was learned in Balti- more, Sunday. from what is consider ed a trustworthy source that gold 51 small sacks similar to those in which the nickel that forms a part of the Deutschland's cargo was placed was carried aboard the vessel last Thurs day. Extra precautions in guarding the submarine wei taken that day. Newspaper men were forbidden to climb a pile driver from which they had been making observations. It was on Thursday, too, that it was re- ported in New York that marine un- derwriters had been asked for rates on a $4,000,000 consignment of gold to be dispatched on the Deutschland.
 Agents Cautious.
 Since the WET began marine insur- ance underwriters have been chary about accepting risks where there was the slightest suspicion of German as- sociations, says the Wall Street. Jour nal. When there was doubt con- signment they got into communication with the representatives of the allies to ensure the status and as to the free dom from seizure of cargo and ship. Later all risks were placed with the clause Warranted no German own ership, interest, consignee or destina- tion." This freed the underwriters from any liability arising from seizure or detention by the British or French fleets.
 Now that the blacklist has been published it relieves the local consul lates of the guarantee of free passage. Nevertheless there is still considerable doubt by reason of the intimation that the list is incomplete and that there are several names to be added. To
 
 now stamping all policies warranted free from any expense, loss, or dam age arising from capture, seizure, ar rest, restraint. e-emption or detain- ments by the British government or their allies" Should any seizure be made. under this clause, the under writers are free from any liability. The inquiries that were made of cer- tain underwriters on the submarine cargo of gold were for an unlimited amount,j for consignment by the U- boats Deutschland, Bremen and Amer ica" The New underwater who is said to have the only facilities for cov- ering Hhe. German submarine cargoes has taken the risk for the general mer- chandise at a rate that is exceedingly low under the circumstances. Earlier rates were quoted at 2 1-2 per cent, but the rate at which the insurance underwriting was accepted was per cent. The westward trip of the Deutschland was covered by Mannheim underwriters at per cent.
 Some rumors are af1oat that the Deutschland is now waiting for an es- cort of German war U-boats to reach this side.
 Insurance against war risks are quoted at per cent. to United King dom ports; l 1-2 per cent. to French Mediterranean; per cent. to Italian Mediterranean and 1 1-I per cent. to Spanish Mediterranean.