Sale 13BP01 | Lot 88

[TITANIC] The ledger page of the insurance policy for the Titanic issued by the Atlantic Mutual Insurance Company

Catalogue: Rare Books & Autographs
[TITANIC]  The ledger page of the insurance policy for the Titanic issued by the Atlantic Mutual Insurance Company

Lot Details

Lot 88
[TITANIC] The ledger page of the insurance policy for the Titanic issued by the Atlantic Mutual Insurance Company. Bound int...
. Bound into a volume, cloth over boards, titled Titanic Scrapbook on the front cover. 13 3/8 x 8 1/2 inches (34 x 21.5 cm). Light wear, the pages of the bound volume utilizing an old ledger.

The insurance policy, number 391550, is written on behalf of the Oceanic Steam Navigation Company Limited [i.e. The White Star Line of Boston Packets]. The ledger page, belonging to the Atlantic Mutual Insurance Company, states that the steamer Titanic is "on risk" with the company for the period from March 30, 1912 at 7 PM (corrected in the document from AM) to the 30th March 1913 at 7 PM (also corrected from AM). Atlantic Mutual took only a small part of the risk in the Titanic ($100,000); the rest was covered by a syndicate of insurance companies led by the Prudential Insurance Company in London; in this way no one house would be exposed to a total constructive loss claim. (Passengers, their belongings, freight etc. were covered by the Liverpool & London Steam Ship Protection & Indemnity Association Ltd in Liverpool.) A hand-written addendum notes that the policy is "to include the trip from Belfast to Southampton sailing on or after March 30th 1912...and the risk of trials on said trip, if any." The document is signed and dated March 27th, 1912. The Titanic sank, a total loss, on April 15 1912 on its maiden voyage from Southampton to New York, with the loss of over 1,500 lives.

Also included in the volume are various other papers of importance, including a Letter of Marine Protest, a certified copy, signed (in typewriter) by the 2nd, 3rd, 4th and 5th Officers. The captain, Edward Smith, had died during the sinking, along with his 1st Officer, so the 2nd Officer was the highest ranking surviving officer on the ship. This document, prepared for insurance purposes, includes a brief but interesting account of the disaster (the ship "struck a 'growler' ... with the bluff of her starboard bow, making a comparatively slight jar with a grinding sound..."). There are also eight insurance documents issued by Atlantic Mutual for goods carried on the Titanic; and a large collection of newspaper clippings, primarily from newspapers of the period, some containing classic accounts of the tragedy.

We are indebted to the Titanic Historical Society and Titanic Museum for their assistance in cataloguing this item.

Estimate: $30,000 - $50,000
Sold for $25,000 (includes buyer's premium)

Additional Notes & Condition Report

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Estimate: $30,000 - $50,000
Sold for $25,000 (includes buyer's premium)

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Rare Books & Autographs

Tue, Apr 23, 2013 at 10am EDT
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