Pick of the week, Oct. 26: Insuring the schooner, Resolution, 1803

Insurance on the schooner, Resolution

Our pick of the week is this 1803 insurance contract covering the schooner Resolution. A patron was interested in Benjamin Williams, then-president of the Middletown Insurance Co. At the time this document was signed, Middletown had a thriving seaport—it was one of the largest ports on the east coast—although in just a few decades, due in part to economic conditions which would lead to the War of 1812, it would diminish in prominence. This document provided insurance for the schooner, Resolution, for a voyage from Middletown to Charleston, SC. The vessel is valued at $900 and the cargo is valued at $800. Premium for the coverage? $46.67. The document is signed by Benjamin Williams, president. Marine insurance, as represented by contract above, was vitally important to trade, mitigating the large financial risk associated with shipping. The contract above insures against losses from, among other things, “dangers of the seas, men of war, enemies, pirates, rovers, thieves, jettisons, surprisals, takings at sea, arrests, restraints and detainments of all kings, princes or people.”

SC&A has a fine collection of resources related to Wesleyan’s great home town and surrounding area. You can read more about them on our blog here, here, here, here,  and here. The Resolution contract is in the Middletown Manuscripts Collection, an intentionally created collection of disparate manuscripts related to the history of Middletown.  The majority of this collection is 18th- and 19th-century documents with some documents from the 17th- and 20th-centuries.




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