David Gibson & Co. v. Farmers & Mechanics' Insurance

This is a motion for a new trial, reserved on the following facts:

The plaintiffs had a risk in the Boatman’s Insurance Company, on the steamboat Louisiana, for $3,000, which contained a printed clause providing, “that while in port or laid up, at least two competent watchmen shall be employed, one of whom shall be on duty at all times,” and also a written clause, “one watchman waived.” That company becoming insolvent, the defendant took the risk exactly as it was in the Boatman’s Insurance Company, as is alleged, except only as to the amount, which is $2,000; and for this purpose the policy…