British Whig (Kingston, ON), 16 Dec 1903
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p.4 A Popular Appointment - J.A. Goodearle made assistant general manager of the Thousand Island and St. Lawrence River Steamboat companies; has worked for Folgers for last 18 years.
LAKE POOL'S LOSSES
Disastrous Season For Marine Underwriters.
Detroit, Dec. 18th - It is estimated that the lake pool of underwriters is about $300,000 behind on the season. Aggregate losses, including cargoes, were about $2,100,000. This represents the total amount of premiums paid. During the season fifty-two wooden vessels, valued at $924,600 passed out of existence. The season from the underwriter's standpoint is the worst since 1898. The greatest surprise comes in heavy losses on grain cargoes. Losses on this class of insurance represent 80 per cent of the premiums instead of the usual twenty-five per cent. Thirty seven disasters were caused by fire. 119 disasters are charged to Lake Erie. Lake Michigan comes next with 93. Detroit river had 42.
Steamer Monarch is frozen in with two tugs near Sailors' encampment, St. Mary's river. The ice is twelve inches thick.
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- 16 Dec 1903
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- Rick Neilson
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- Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
Maritime History of the Great Lakes