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January, 1910 Steamer. Mate, Eade ccc ore as tees Ee J. Hunt, Rockefellers; 0.852 F. W. Davis. Corteceg i eee John A. Munson. Neilson ys oo A. J. Macleod. Maritanads. 2. 2 H. W. Emigh. Mariposa.<.. 4 C. L. Wilson. Gilbert.24. ae ae ee: H. D. Thompson. Britetiescco sie ae ee Oe John Campbell. German 25 ee W. J. Dodge. ROmate ss a es ee ae Edward J. Ziem. Saxon a. ea ee David Axford. Corona ei ea D. M. LeRoy. COrsicaie Sots a George Bolhouse. ManOla PGs rian ee C. S. Ferguson, Mariska 2oy3 ee John G. Endleman. "TAE. MARINE REVIEW Steamer. Mate. Marithbaes.< si 55 i wae -- McDonald. Matoass cui eee . J. Miller. Mating: <0 5c oh ee i M. Conlin. Masaba oso Gel en K. Male. Colgatecny to saa ee ielavior, Mather... aaa: te C. E. Bowerman. Grifin oS ae Harry Ashby. VOMGtE Sore is ee ane Homer W. Smith. DaSalle aye sey John D. Caldwell. Wawatanml 028.4 J. E. Kitchen. PICKANDS-MATHER & CO. Steamer. Master. Samuel Mather...... ail We tone, Je Ce Morse A She ieee \. H. Reed. ¢ 3» Steamer. Master. Amasacstone: 2. 257. .W. A. Reed. Ds. -Millsica osc te = D. H. Mallory. Verona. ......0...04.4. sbames Jackson. Cretew were W. A. Williams. Hemlotks, 407 +... John McNeill. Adtiaticw, Sai James S. Neal. Calumetis "40470, (On yee Odanahis sc ca es James D McPherson. Kiba steer eee GC. ow. Woodford. Normatial fa 33s ...Oscar Olsen. NictOry.., vie Joseph Lowes. Pathhnder. 47505) 7 Ralph Nutting. Barge Constitution...... .P. A. Peterson. Sagamore? vc. .¢6 ye. aps Hebner. Santiago si ee . Van Gorder. Question of Lake Insurance HE Great Lakes Protective As- sociation will meet in Detroit on Jan. 18 and 19.. The Lake Carriers' Association will meet at the Hotel Cadillac on Jan. 20. Both of these meetings will be of extreme importance -to lake trade. The Gré@at Lakes Protective Association was formed at the last annual meeting of the. Lake .Cartiers'- Association. to work out a plan of inter-insurance under which vessel owners carry a partial sisk. This sas placed at,.5 per cent of the total risk. Lake ves- sel insurance during 1909 aggregated $80,000,000, of which 5 per cent would be $4,000,000. As far as the Great Lakes Protective Association is con- cerned losses are probably less than the premiums, as the association's risk was on bulk freighters only and would not share in such losses as the Clar- ion, Wissahickon and Marquette & Bessemer No. 2. However, losses in general have been so severe as to pro- voke the desire for a reorganization of the lake insurance business. It is clear that the insurance companies de- sire the business to be made funda- mentally sounder, both as to classi- fication of the vessel and its actual operation. It is understood that the Great Lakes Protective Association has accumulated much valuable data during the first season of its existence, which will be submitted at the forth- coming meeting. The New York Jour- nal of Commerce on Jan. 6, published an article regarding lake insurance, together with an interview with W. A. Prime, in which the general situation is well outlined. The article is re- printed herewith: The serious losses suffered in the shipping of the great lakes in the later months of last year have +oc- casioned conjectures in shipping and insurance quarters as to the probabili- ty of an advance in rates. It was estimated that the disasters to the steamers Clarion, Wissahickon, Mar- quette and Bessemer No. 2 and Ashta- bula involved a loss of more than a mil- lion dollars. In these losses English underwriters "have been heavily in- terested, but it is understood on this side that the question of making any alteration in the rates in consequence has not yet 'been taken up by those who fix them, The.-shipping losses: of last year have served to emphasize the necessity of organizing the whole business . of the great lakes shipping insurance on a comprehensive, definite and sound basis according to a similar system to that followed in the case of ocean shipping. spection with and registration of vessels, the attendant multiplication of risks, led to the withdrawal of several marine insurance companies from the field. A great step forward was made by the formation of the Great Lakes Protective Association at the meeting of the Lake Carriers' Association a year ago. The. maintenance of a complete register of great lakes ship- ping and the collection of accurate data with regard to vessels, losses, navigation and navigators on the pat- tern of Lloyds Register, are funda- mental requisites. During the past year very full records have been kept for the association, which will enable it to carry outits purposes more com- pletely. But it has not yet been able to tackle the vast question of classi- fication of ships based on construction on scientific principles. There are many ships employed on the lakes built before the compilation of the present register, now leased to American and English underwriters, was begun 12 years ago. The asso- ciation has confined itself to the draughts of vessels, control of crews and rules for navigating waters and locks with much success: In regard to the great lakes losses of the past quarter it would appear that on the policies issued in 1909 the losses are considerably less than the earned premium, so far as the Great Lakes. Protective Association is con- cerned. The association, however, The: lack of) untiomm in: was not directly affected by the losses on the vessels named above, as_ it. had issued no policies upon them, owing to the fact that the membership of the Protective Association is made up of the coarse carriers and does not at present insure railroad transit line steamers, passenger steamers Or car ferries, to which classes these vessels belonged. The Protective Association meets at Detroit, Jan. 18. Its main pur- pose is to bring about safer naviga- tion on the great lakes and to mini- mize, through care, the number of accidents. This will tend to the re- duction of risks and insurance rates, explained W. A. Prime, to a repre- sentative of The Journal of Commerce, when asked to detail the objects of the Protective Association. "It's purpose," said Mr. Prime, whose © firm, Messrs. Willcox, Peck & Hughes, are the attorneys for the association, 'is to let every ship owner on the lakes, by being a member of the Pro- tective Association, which collectively . insures 5 per cent of the value of a ship, receive a statement annually showing him exactly what disposition is made of the premium paid for in- surance. He, therefore, can know as much -as any insurance company knows and is able to determine there- by whether rates should justly go up or down in accordance with profits or losses as shown in his statement. "To supply accurate data showing the position of insurance business on the lakes is another object. But the Protective Association's scope is far broader than that. "Since rates are» excessive it has undertaken for the first time and has successfully accomplished in one seas- on the establishment of what prac- tically amounts to a Plimsoll mark or load line on the lakes. "Heretofore all attempts from all quarters to regulate the load of a ship have failed. Even suggestions by the government haye -bee# op- posed, but when it was clearly pointed.