. Coast review. taken in his views, he came to theconclusion that Chicago was an unsafeplace for a small company. He thereforereinsured all the Lancashires risks withthe National of Baltimore—all except afew where the Baltimore company hadfull lines. Three months later Chicagowas destroyed, and by this reinsurance hiscompany was saved a loss which wouldhave completely wiped it out. Ironically speaking, corporations, likerepublics, are always grateful. Mr. Brownreceived not even a word of thanks fromhis stockholders, for thus saving themfrom bankruptcy. On the contrary, theycensured him for not
. Coast review. taken in his views, he came to theconclusion that Chicago was an unsafeplace for a small company. He thereforereinsured all the Lancashires risks withthe National of Baltimore—all except afew where the Baltimore company hadfull lines. Three months later Chicagowas destroyed, and by this reinsurance hiscompany was saved a loss which wouldhave completely wiped it out. Ironically speaking, corporations, likerepublics, are always grateful. Mr. Brownreceived not even a word of thanks fromhis stockholders, for thus saving themfrom bankruptcy. On the contrary, theycensured him for not cancelling the$34,000 total lines in force which he wasunable to reinsure. The other event, in which he likewiserejoices, was the cancelling or dropj^ing outof lines to the amount of over $100,000 onSeattle property a few months before thegreat fire, which, when it came, costBrown, Craig & Cos four companies lessthan $14,000. Mr. Brown has taken an active interestin all matters relating to the fire insur-. EDWARD BROWN Of EDWARD BROWN & SON, General Agents Pacific DepartmentAMERICAN FIRE INSURANCE COMPANY, of PhiladelphiaSVEA INSURANCE COMPANY, of Gothenburg, Germany Thg C oa s r i\ k i v /; / /. 40^ aiue business in this liclil. Ho has survcdon and been one of the active members ofthe fire and water committee of the Boardof Underwriters of this city for manyyears, also has been a member of Legis-lative and other important committees. Reinsurance Clauses Under Consideration. At a meeting- of the Fire UnderwritersAssociation, held August 18, Pi-esidentFolger presented for consideration fivereinsurance clauses, with have been sent to members, withrequest for criticism and recommenda-tions, to be sent in by October 1. Mem-bers are earnestly requested to send intheir views. It is too late for us to print these clauses,for the Coast Review will scarcelyreach all of its readers before the timewhen replies must be sent in. One of theclauses stipulates that the i-ein
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Keywords: ., bookcentury1800, bookdecade1870, booksubjectminesandmineralresou
