Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
One day he was applied to by a merchant to effect an assurance on
a ship which had been long absent, and of the safety of which many
doubts were entertained. Perrott demanded a very high premium, and
the applicant demurred. In the course of conversation, however, he
carelessly alluded to a fine porcelain jar of which a friend was
possessed, and which he thought he could procure. Perrott’s eyes opened
as the description proceeded. It was the apple of his eye, the very
specimen his soul desired, and his visitor, on witnessing the anxiety
he evinced, offered to go for it, good-naturedly declaring it was of
no value to him, and at the express solicitation of Perrott went off
immediately to fetch the valued prize. The merchant seemed a long time
gone, but Perrott attributed this to his own impatience, and felt fully
rewarded when he saw him return bearing the porcelain he coveted. With
eager hands he grasped it; the assurance on the missing ship was most
advantageously concluded for his client; and Perrott went home a happy
man. On entering the place where all his treasures were deposited,
lo! his own jar was missing, and he found on inquiry that he had been
outwitted by his City friend, who had tempted him to a low assurance
with information about his own property, and at his urgent wish had
procured it from his own home by a deception on his own housekeeper.
Burning with rage, and vowing vengeance against the crafty merchant,
whom he determined to expose on ’Change, Perrott went to town the next
morning, where the first information which greeted him was the arrival
of the vessel he had just assured. Finding the tables turned in his
favour he wisely held his peace, merely making an especial visit to
the merchant to congratulate him on the arrival of his merchandise so
immediately after he had assured it.
Public-domain text, read in full here on John Shaqi.
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