Evening Republican, Volume 22, Number 161, Rensselaer, Jasper County, 10 July 1919 — U. S. SHIP LOSSES $30,000,000 [ARTICLE]

U. S. SHIP LOSSES $30,000,000

War Risk Bureau Paid Damages on 152 Vesels That Were Lost Dur- ■•== Ing the War. Washington.—Just how spectacular was the rise In ship values during the war was shown in an announcement by the war risk bureau that the Standard Oil company’s steamer John D. Archbold, first ship insured by the government agency, was protected by a policy for $770,000 in 1914, but when she was torpedoed in 1917 her insurance had been increased to $2,200,000. The marine and seamen’s division of the bureau, paid loses on 152 vessels with a tonnage of 397,059, and on 275 lives lost by the hazards of war. Total monetary losses amounted to about $80,000,000.