Sunday, August 2, 2009

Insurance Cancels: George L. Story

Geo. L. Story
NOV. 28 1898
Portland, - Oreg.
A follow-up cancel to yesterday's George L. Story post, this time on a 4 cent documentary battleship stamp.
Likely used to pay the tax on a fire insurance policy, this 4 cent stamp and the previous 2 cent stamp handstamp cancelled by George L. Story would have paid taxes at the rate of one-half cent for each $1.00 of annual premium. Assuming the stamp above was used alone on a policy, then the premium on the policy would have been approximately $8.00. Often lower value stamps were used in combination with higher values for more expensive policies, so this stamp could have come from a policy with a premium of greater than $8.00.

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