THE ANNUAL FIRE-LOSS OF OHIO.

THE ANNUAL FIRE-LOSS OF OHIO.

A statement in a Canal Dover paper says: ‘Ohio’s annual fire-loss plus the cost of fire department and fire-prevention appliances is equal to fifteen per cent, of the total years product of all the industries of the State. So, every producer gives one and a half hours out of each tenhour day to make good the fire-cost.In his report of a year ago the fire marshal, in speaking of the profits of insurance companies, said; ‘In 1905 the fire insurance companies had to pay back in losses but thirty-four cents out of each dollar of premium collected. This 1 ‘ft a nice margin of profit to protect a conflagration-loss. Insurance is the foundation of all credit. One cannot mortgage his property without insuring it, and a merchant who carries no insurance cannot get credit for goods. The premium payment is surer than death, for there is no doubt about its date. The annual fire-waste in Ohio is from $6,ooo,oco to $8000,000: the average is $7,000,000, nearly all of it preventable. While the property owner is protected, each individual in the State shares in the loss. Added to the direct waste from fire is the loss of time of employes in stores and factories and loss of customers hy the owners.’”

No posts to display