350 TESTIMONY 



other three-quarters are in notes, payable in three, six, and nine months, 

 with the privilege of surrendering the policy on return 

 of the vessel to port and receiving back the unearned 

 premiums of such months as have not been entered upon, but no frac- 

 tional part of a month is considered in returning to the vessel's owner 

 any unearned premium. It is the practice for the vessel on return to 

 its home port, which is usually in August or September, to surrender 

 seizure voids poi- its P olic y and apply for rebate of unearned premium. 

 icy. The condition of the policy is such that all insurance 



Quality of schoon- ceases at the time of seizure. A better class of vessels 

 era. are engaged in the sealing business at present than in 



survey fee. 1886 and 1887. The cost of survey is from ten to twenty 



dollars. 



Harry S. Smith. 



Subscribed and sworn to before me this 17th dav of October. A. D. 

 1892. 

 Tseal.] Clement Bennett, 



Notary Public. 



Deposition of Matthew Turner, ship-builder. 



State of California, 



City and County of San Francisco, ss : 

 Matthew Turner, being duly sworn, deposes and says: 

 I am sixty-seven years of age; reside in San Francisco, and am an 

 American citizen. My occupation is ship-builder, and 

 ccupa ion. m ^ office is 122 California street, San Francisco, Cali- 



Ex orience forma. I engaged in ship-building in 1868, and have 



been continually in the business since 1873. During 

 this time I have built a hundred and sixty-seven ves- 

 seaiers! ° f buMing sels, some of which are known as sealing schooners, 

 to wit : 



Schr. Henrietta, built in 1884, 40 tons reg., cost $5, 200 



Scnr. San Jose, built in 1885, 52 tons reg., cost 5, 300 



Schr. Lydia, built in 1889, 38 tons reg. , cost 4, 375 



Schr. Herman, built in 1890, 100 tons reg., cost 9, 000 



Schr. Olga, built in 1890, 46 tons reg., cost 5,000 



Schr. St. Paul, built in 1890, 46 tons reg., cost 5, 500 



Schr. Everett Hays, built in 1892, 37| tons reg., cost 3, 750 



These vessels were first class in every particular, with galvanized 

 iron fastenings and trimmings and brass spikes, and were complete to 

 go to sea with the exception of the bedding and cabin furniture, which 

 would cost not to exceed a hundred and fifty dollars to each vessel. 

 The average cost of building this class of vessels, complete with every- 

 thing ready to go to sea, is about a hundred dollars per registered ton, 

 those over seventy-five tons costing less, and those under perhaps a 

 trifle more. A vessel of a hundred and fifty tons register would cost 

 eighty-five dollars per ton to build in San Francisco. All calculations 

 are made on the net registered tonnage as made by the custom-house 

 officials, with this exception, that fractional parts of a ton are omitted 

 from this statement. The cost of building the same class of boats in 

 Victoria, B. C, would be from twenty to thirty dollars less per regis- 

 tered ton thau in San Francisco. Timber is much less and labor a little 

 lower, besides the construction is much inferior in workmanship and 

 materials to those made here, which is the main cause of their costing 



