Maggie McRae (Schooner), C90697
- Full Text
OCEAN INSURANCE ON LAKE VESSELS AT SEA:-- The prejudice among the insurance companies against lake vessels on the ocean, especially centre- board schooners, has in a great measure been wiped out, and it is not anticipated that the owners of the various craft now about to make ocean voyages will experience any great trouble in obtaining insurance. Indeed, the insurance on many of them is already placed. Our lake vessels are built as well as, and better than those regularly employed on the Atlantic, and the underwriters are coming to see that the centre-board (a necessity on craft of medium dimensions) is no objection at all. The truth is that the centerboard is a great benefit. but for many years this fact could not be impressed on the minds of sailors and underwriters used and accustomed to the standing keel. It is a positive fact that (centerboard) craft which class B1 on the lakes are given the class of A 2 in Lloyds.
, Both the PAMLICO and BENSON secured better classing on the ocean than they could obtain here on the lakes. We understand that the THISTLE, now fitting in Chicago, the MECHANIC and EMERALD, the THOMAS S. STREET, EDWARD BLAKE, CAMBRIA, MAGGIE McRAE and A.. G. MOREY are already insured for their ocean voyages, and that the other craft going out from the lakes will obtain insurance without trouble. Those which cannot get insurance (if there be any) will go without it, indicating the confidence of the owners in their vessels. The one great necessity is to send good masters in charge, and we learn that this is to be done.- - - lnter-Ocean.
June 13, 1876
- Media Type:
- Item Type:
- ocean voyage ?
- Local identifier:
- Language of Item:
- William R. McNeil
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- Copyright status unknown. Responsibility for determining the copyright status and any use rests exclusively with the user.
Maritime History of the Great Lakes