. The story of the exposition; being the official history of the international celebration held at San Francisco in 1915 to commemorate the discovery of the Pacific Ocean and the construction of the Panama Canal . ent on domestic and $2 on the foreign risks. Therewas about a million dollars of transit insurance, and about three and aquarter million covering the whole time of absence from the ownerspossession. In this particular field knowledge of the commercial valuesrepresented, of the complex nature of the risk, and the dollars-and-centsresponsibilities involved, was of vast assist
. The story of the exposition; being the official history of the international celebration held at San Francisco in 1915 to commemorate the discovery of the Pacific Ocean and the construction of the Panama Canal . ent on domestic and $2 on the foreign risks. Therewas about a million dollars of transit insurance, and about three and aquarter million covering the whole time of absence from the ownerspossession. In this particular field knowledge of the commercial valuesrepresented, of the complex nature of the risk, and the dollars-and-centsresponsibilities involved, was of vast assistance. As to insurance on the Exposition buildings, that was carried duringconstruction by the contractors as stipulated in the contracts. After com-pletion, the Exposition carried insurance on them, but in greatly diminishedamounts, owing to certain business exigencies that will be statedInsuring iater< jt was hardly more than enough to cover the expected Buddings ,...„ .. ?••/•!_ salvage after wrecking, for in Exposition practice it is tar better tobuild protection than to buy insurance, since a burned building cannot bereplaced in time to be of much value, whether you get the insurance money. PHOTO BY DR. E. O. JELL1NEK THE ARCH ILLUMINED INSURING AN EXPOSITION 199 or not. So the Division of Works built and organized fire protection in themanner described in the chapter on Modern, Model Fire Prevention. All contracts of the Division of Works in connection with the construct-ion of the exhibit palaces and other buildings, contained a clause bindingthe contractor to obtain and keep in force fire insurance to an amount notless than 75 per cent of the value of any structure as it progressed; and thepolicies had to be written with companies acceptable to the Exposition. Asthe Exposition supplied the greater part of the lumber, additional insurancewas required of the contractor to protect that, while in the piles, to its fullvalue. Progress payments were made monthly, an
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Keywords: ., bookauthortoddfran, bookcentury1900, bookdecade1920, bookyear1921
