FOURTEENTH ANNUAL YEAR BOOK— PART VI. 479 



liiiii i'ov ;i iiiinihci' of ycavs to eoiiio, and when he can ^et the pro- 

 tection at 50 cents a car it would he advisahlc ['or liiui to take it 

 out, in my estimation. 



Q. Why don't you make it moi-e than .$30? 



Mr. Brandt : When we got out this policy we thought that $80 

 per head for steers would cover the average run, but I have since 

 found out that stock is worth a good deal in excess of that amount. 

 Of course, we got our figures from live stock men, and they mis- 

 informed us. 



Q. What do you call a calf ? 



A. I don't know myself what a calf it. We are relying upon 

 live stock men for the information. I expect the adjustment de- 

 partment of our company will have that information. 



It costs a man nothing to take out this policy ; we issue it free ; 

 and if you take out an application for a policy today, and you don't 

 ship a car of stock into the market until next spring or fall, you are 

 not required to pay a cent until you actually bring your stock into 

 the market ; then the stock yards company collects the premium. 



Q. What is the life of your policy? 



Mr. Brandt: Until you cancel, which you have the privilege of 

 doing any time. 



Q. If a car is wrecked and two or three head in it killed, and 

 the rest turned over to the railroad company, do you pay for the 

 actual number killed? 



Mr. Brandt : We pay for actual death ; it is a death policy. In 

 the case of the recent wreck at Council Bluffs, where the cattle 

 were maimed and set on the ground, we covered the death there, 

 too. We don 't pay for damage ; it is a death policy. 



Q. Suppose a car is wrecked and two cattle out of twenty killed ; 

 do you pay for two of them ? 



Mr. Brandt : Yes. 



Q. You allow the railroad company to take the other eighteen? 



Mr. Brandt : Oh, yes ; we would have to do that. 



A Member : We get $1,000 from the railroad company and $60 

 from you, and the railroad company sells for $1,800. I don't see 

 where we are ahead on that. 



A Member : If the railroads are only compelled to pay $50 for 

 the eighteen head, and you pay $30 in addition on the two that are 

 killed, the railroad company ought to induce every steer they could 

 to get into a wreck, because they would have the difference be- 

 tween the $50 that they pay on the track and $30 that you pay, and 

 the balance would be clear profit. 



