p.2 'Twas A Fine Affair - fifth annual "At Home" of Council No. 4, National Association of Marine Engineers, held in city hall; about 600 people present; list of dances named after boats; lasted until 4 a.m. (over half a column)
THE PLAN IS READY
Insurance On Vessels And Their Cargoes.
Detroit, Feb. 4th - A Cleveland despatch says that with the exception of some minor details the inter-insurance plan, to which the leading vesselmen have given so much attention during the past few weeks, has been completed. The whole idea will be to follow absolutely government rules so far as they apply, and to do everything possible for their best observance with a view to ensuring the safety of life and property and the lessening of losses and damages. The details are so intricate and would require so large a force to attend to them that it is considered wisest, at the outset, to employ the services of some established insurance organization of high character. Accordingly selection has been made of the well-known firm of Wilcox, Peck & Hughes, incorporated in New York city, where the business will be transacted under the supervision of an advisory committee. W.G. Richardson, Cleveland, has been made treasurer, by whom all funds will be received and disbursed. The consensus of opinion is to confine this feature to a straight hull risk, eliminating what is known as "protection and indemnity insurance" of all the insurable American and Canadian tonnage on the great lakes. About seventy-five per cent has been already pledged.
Cannot Pay This Year.
Montreal, Feb. 4th - At the annual meeting of the Richelieu & Ontario Navigation company, today, Sir Henry Pellatt suggested that the directors should restore the dividend which the company is at present paying the old rate of six per cent. Rodolphe E. Forget, the president, in reply, stated that had it not been for the forest fires last summer which greatly retarded traffic in the lower St. Lawrence, and the break in the Cornwall canal, which combined, had an important effect on the company's earnings, the directorate might have been able to do so, but that next year, if conditions proved favorable, they would have no objection to doing so. Hon. L.J. Forget retired from the directorate.
Feb. 5, 1909
THE SHORTAGE ISSUE.
Toronto, Feb. 5th - Acting in combination with the Lake Carriers' Association, the grain section of the Dominion Marine Association, at a meeting held here to discuss the longstanding difficulty over grain shortages, decided to introduce in bills of lading dealing with grain what is known as the "flax seed clause." This means that in future the carriers will pay only on half a bushel per thousand bushels of the cargo. Heretofore a vessel has had to assume entire liability for her cargo. It was agreed also that in future freight should be collected on the actual amount of grain weighed out of a vessel, abolishing the custom of making any claim on over-run.
Feb. 6, 1909
p.8 Capt. M. Hicks, Picton, has been appointed captain of the steambarge City of New York, owned by Messrs. Plunkett and Richardson, of Cobourg and Kingston.