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
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
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
"Eh, Tom, aw dern't like this
"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,