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Newspaper Page Text
EMENSE FORTUNE GOES DOWN WITH TITANIC London, April 16. It is doubt ful if the underwriters who car ried policies on the Titanic will be able to meet their obligations. The losses are staggering, the greatest in the history of marine insurance. Just how large they are cannot be said definitely for some time, but in addition to the vessel, cargo and contents of the ship's strongbox, there was a big regfsteredV mail shipment, "and two of the male passengers in the first cabin- carried with them hundreds of thousands of dollars worth of jewelry. And ship, and cargo, and mail, and jewelry are two miles below i the surface of the Atlantic Ocean. All the insurance the White Star people could have written on' the Titanic was $3700,000. They carried $750,000 - of this them selves. They tried to write poli cies for $5,000,000 but the mar kets would not carry so large an amount. The consignment of diamonds aboard the ill-fated ship is esti mated aUfrom $2,500,000 to $5, 000,000. This will be a total loss. Theunderwriters also will have to pay enpurmous sums on per gonal baggage. One woman on board carried' an insurance poliqy of $600,000 on a collection of pearls, and nearly every society woman carried 'heavy insurance on her jewelry. ' , The actual value of the Titanic is in dispute today. The White Star company said at the time she was launched that she would rep resent an expenditure of $12, 000,000. Other men said this fig ure was too high, but it is certain that vessel and furnishings were worth at least $9,000,000. New York, April 16. In a statement issued today, Postmas ter Edward M. Morgan estimat ed the amount of mail carried by the Titanic at $3,500 bags. This would be ahout ten million pieces of mail, destined to all point in the United States. Her First Umbrella. Ai old country woman went to town to purchase an umbrella one "day. The shopman, who was most obliging, brought out sev eral for her to look at. After examining them for a time she got the one she wanted, and ori getting home she couldn't open it,. anH took it back to the shopman. "Eh, Tom, aw dern't like this umbrella." "Why, how's that?" said Tom. "It's one of the best I've got in the shop." Pulling off the case, shot it up for her to look at. "Well, by gum!" exclaimed the old woman, "Aw didn't know they peeled 'em like bananas." Miss E. Smith, Ontario- Lillian Russell says that flirt ing is detrimental to beauty, and Lily is even yet sure a beaut. Flirting was never her way. She just got the hook into 'them and yanked 'em aboard with a strong straight, hand-over-hand haul, did Lily. A.