McAllister v. Hoadley

BROWN, District Judge.

On the 19th of March, 1895, the libel-lants took out a policy of marine insurance from the nnincorpo-*1001rated association known as “The South and North American Lloyds,” for $1,000, upon the steam lighter Agnes, valued at $4,000, for the term of one year from March 10, 1895. The association consisted of thirty individuals and firms, whose subscriptions were in print at the end of the policy; and along the margin of the subscriptions was printed, “Each subscriber liable for 1/*oth of $1,000,” the figures 81,000 being inserted in writing. Below the names of the subscribers…