R44c x2 on Lafayette Fire Insurance Co. Marine Policy 1866

 

$150.00

January 20, 1866 Marine Insurance Policy for Steamer “Newport” of the Boston, Newport and New York Steamboat Co. with two R44c paying the correct 50c tax on premiums over $50. A beautiful policy with a premium of $62.50. The policy measures 16.75″ x 13.5″ fully opened.


In 1863 the Bay State Steamboat company was reorganized as the Boston, Newport and New York Steamboat Company, at Newport, Rhode Island with a capital stock of $650,000.  They soon started to build a new fleet for the line. their first ship was the “Fall River” of 600 tons. She proved a failure and was broken up in 1880. In 1865 the “Newport” was added to the line with expectation of high speed on account of her light weight and narrow guards. This policy provided $2500 protection for her “Hull, Tackle, Furniture, and all other apparel” and $2500 for her “Engines, Machinery, and Boilers thereof, whether Stationary or moveable, and whether said Boat be running or not.”

Additional information

Catalog Number

R44c

Condition

Excellent, light toning left edge

Denomination

25c

Premium

62.50

Policy Issued

January 20, 1866

Insured amount

$5000.00

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