The Maritime History of the Great Lakes
British Whig (Kingston, ON), 13 Oct 1905


Description
Full Text

p.2

MARINE INTELLIGENCE.

The schooner Granger is taking slag from the Locomotive Works and dumping in into the river.

M.T. company wharf: tug Thomson up with three light barges, and cleared down with two grain-laden barges.

Swift's wharf: steamer Picton up last night; steamer City of Montreal up this morning; steamer Aletha, bay ports.

The steambarge Navajo is at Richardsons' wharf with general freight from Montreal and way ports. On the way up she had a slight collision, bending her nose severely.

Propeller Myles, with pulp-wood, from Quebec to Fort Erie, passed up last night, but encountering a heavy sea, and nearly exhausting her supply of fuel, had to return to port to coal up.

Craig's wharf: propellor Lake Michigan up this morning; steamer Waterlily up last night; steamer Niagara down last night; steamer Alexandria due up tonight; propellor Cuba up tomorrow morning.

The Insurance On Boat.

Kingston, Oct. 12th - To the Editor:

In answer to your letter of "Islander" in issue of 9th inst., permit me to state that under the conditions named the amount paid would be $12,500, as follows:

The value of the boat being $24,000 the owners' contract to carry seventy-five per cent, which is $18,000; the insurance people only carry $15,000, leaving them co-insurers to the amount of $3,000.

Now if a $15,000 loss occurs the insurance company is liable for fifteen eighteenths of $15,000, or $12,500, a clear loss to the owners of $2,500 by having the seventy-five percent clause.

If loss was only $1,000, the loss to owners would be one-sixth or $166.23 and so for each $1,000.


Media Type:
Text
Newspaper
Item Type:
Clippings
Date of Publication:
13 Oct 1905
Local identifier:
KN.17438a
Language of Item:
English
  • Ontario, Canada
    Latitude: 44.22976 Longitude: -76.48098
Donor:
Rick Neilson
Creative Commons licence:
pd [more details]
Copyright Statement:
Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
Contact
Maritime History of the Great Lakes
Email
WWW address
Powered by / Alimenté par VITA Toolkit




My favourites lets you save items you like, tag them and group them into collections for your own personal use. Viewing "My favourites" will open in a new tab. Login here or start a My favourites account.










British Whig (Kingston, ON), 13 Oct 1905