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If the profits are big, it is only in the case of loan issues which carry with them a considerable risk to the reputation of the fathering firm, and to the pockets of the underwriters, and involve a responsibility, and in the case of default, an amount of wholly unpaid work and anxiety for which the big profits made on the opening proceedings do not nearly compensate.
Hennessy, and with the proofs of Arthur's guilt and Robert's innocence; and he undertook that the matter should go in proper form before the Secretary of State. But, somehow, it transpired that the Proserpine had been scuttled, and several of the underwriters wrote to the Wardlaws to threaten proceedings.
There has been altogether too much of this sort of fake burglary to collect insurance, and as president of the underwriters it is my duty and intention to put a stop to it. Come on." Maloney nodded his head vigorously in assent with his chief. "Never fear," he murmured. "The truth is what will benefit the company, all right. She did it."
"It seems we were born to drive each other crazy with conundrums," said I. "I have often thought my head would split." Carthew burst into his foolish laugh. "And yet neither you nor I had the worst of the puzzle," he cried. "There were others deeper in." "And who were they?" I asked. "The underwriters," said he. "Why, to be sure!" cried I, "I never thought of that. What could they make of it?"
In the first tumultuous riot of inquiry, when underwriters had climbed over desks and each other to hear again of the wreck of the Titan, one the noisiest of all, a corpulent, hook-nosed man with flashing black eyes had broken away from the crowd and made his way to the Captain's room, where, after a draught of brandy, he had seated himself heavily, with a groan that came from his soul.
A thousand the day after we get ashore prompt. I won't wait till she breaks up, Mr. Cloete. To the underwriters I go if I've to walk to London on my bare feet. Port cable! Look at her port cable, I will say to them. I doctored it for the owners tempted by a low rascal called Cloete. "Cloete does not understand what it means exactly. All he sees is that the fellow means to make mischief.
Supposing you wished to insure one thousand pounds on a vessel or cargo, and ten per cent was required, you would, if the vessel came home safe, pay the underwriters one hundred pounds; if, on the contrary, the vessel was lost, the underwriters would have to pay you one thousand pounds, the sum which you had insured. I beg your pardon for the interruption, Ready." "No need, Mr.
There is, to be sure, a continental association that has borrowed its name without leave, and dubbed itself the 'Austrian Lloyd's' a designation which forcibly reminds one of the remark of Coleridge when told that Kotzebue assumed to be the German Shakspeare: 'Quite so, replied the author of the Ancient Mariner, 'a very German Shakspeare indeed. The correspondence of the true Lloyd's is of course immense enormous: their agents are everywhere; and so admirably regulated does the vast machine appear to be that litigation between owners and underwriters is almost unknown.
Nor did he interfere less honourably in that cruel and disgraceful case, in the summer of the year 1781, when an hundred and thirty two negroes, in their passage to the colonies, were thrown into the sea alive, to defraud the underwriters; but his pious endeavours were by no means attended with the same success.
I mind the time, for it's not long ago, that nineteen fine ships were lost altogether, about here. It was a bad year for the underwriters, and for the owners too, let me tell you. I was on board the Rattler, a fine new ship, when, in company with many others, we were beset, not far from Cape York, by the ice driven in by a strong south-wester.
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