Business: British Losses

A fateful ship is the 46,500-ton Europa, sister to the world's fastest liner, the North German Lloyd's Bremen. Last March, when the Europa was nearly ready to be put in commission, fire mysteriously broke out in four different places amidships, the ship burned to "the waterline for a $6,000,000 loss. Rueful British insurance men who had taken a large part of the Europa's underwriting, paid $4,500,000. In July Phoenix Europa arose from her ashes, was launched again. When the ship was halfway down the ways another mysterious explosion blew away half of the...

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