[Power of Attorney for Boston Lloyds between S. C. Thwing & Co. and Richard S. Haven]. Boston Lloyds. S. C. Thwing, Co.

[Power of Attorney for Boston Lloyds between S. C. Thwing & Co. and Richard S. Haven].

Boston: 1869. 1 sheet. Folio. Near fine, some browning at upper edge. The United States Insurance Gazette, V. 28 new series (1868-9) pp. 26-7; Memorial Biographies of the New England Historic Genealogical Society, p. 251. Item #43274

Signed and dated 1 January 1869. Sealed with 50 cent Internal Revenue conveyance stamp. Title arches over an etching of a three masted ship steaming at sea. Boston Lloyds was an insurance organization formed as "an Association for the purpose of taking Marine Risks by means of Individual Underwriting", and "by power of attorney, have [ing] each [member] authorized Richard S. Haven to make insurance for them, in their individual capacity, as the said Richard S. Haven may deem proper; and for that purpose to perform all acts necessary to the proper fulfillment of the object." There were sixty members, each allowing Haven to commit them up to $500 each. One of the firms was S. C. Thwing & Co. of Boston, whose commitment document this is. Its primary owner was Supply Clap Thwing (1798-1871), a wealthy businessman with roots tracing back to the Pilgrims. He was active in the mercantile trade between the East Indies and New Orleans, was a ship owner, and active in the coal trade. Richard S. Haven came to Boston from California, became an insurance agent for a number of companies, before forming Boston Lloyds, which, unfortunately did not last half a decade, perhaps failing about 1874. Rare. The only known documents on Boston Lloyds are held in the archives of the Peabody Essex Museum.

Price: $200.00

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