Daily Republican., 1888-07-06

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All previous records in life insurance
policies have been broken by Mr.. John
Wanamaker, who has placed 8 900,
wv on his life. Up 10 this time John
u. Stetson, the manufacturer OF PhIla.
delphia, has had the highest policy on
his life known to companies of this
$3.50, 900.
An insurance agent doing very large
business In Philadelphia said to re.
porter yesterday:
Mr. Wanamaker's risks are divided,
$500, 900 in life and 100000 in en-.
.dowment of 15-year payments life. He
pays out about $85, 900 premiums prob.
ably per year upon this aggregate
amount. He can 90 upon the street
and readily borrow halt a million dol
lars upon his risks, which is in itself a
great advantage in business point of
view. When Mr.. Wanamaker round
led out his million on Thursday last and
received his last policy, he dropped
the quiet remark, with a smile. NOW
| am safe from bankruptcy or any pos.
slble business reverse"
The endowment periods OF these
risks run in various lengths from 10 to
10 years.
This 81 900, 900 of his at the age OF
90 years, on the endowment plan
amounts to about s65, coo in premiums
per annum, and when the risks ex-
pire, If he permits the dividends to re-
main. he will receive 81, 400, OO0."
MIR. John b Stetson, of Phlladel.
phia, has $750,0O0 on his own life,
which is the second largest amount
carried by any individual in the
world. He pays, however, premiums
for over 81, 100000. He has 500, 900
Oh the life of his son in law, 800, 900
on the life Of his business manager and
risks upon other lives He pays total
of $s5, 900 in premiums per year. He
has standing order, however with
agents TO increase his own amount as
the opportunities come along.
The risks of Mr.. Wanamaker have
not been placed in Gay or year and
have been of slow growth until re-
Gently, when ''spurt" was made and
few European companies were
brought in. The list Of prominent
Phi'a lelphians who carry large risks
upon their lives is rapidly lengthen-
Jog. An agent to day gave our re.
porter the following list:
George X. Anderson, the steel
maker OF Chicago, has $3.50, 600.
Senator ]. Donald Cameron has
5000, 900,
P. Lorillard, the Jersey City tobacco
manufacturer, pays premiums Upon
1910, 900.
Senators MCPHERSON, Spooner and
Sawyer arc down for 5000, 600 each.
Hamilton Disston has the privilege
OF paying for $500. 900.
Congressman William /. Scott Is
down for 100000 William Disston
OF Philadelphia has long carried $110,,
600. Andrew Carnegie, the Pittsburg
steel manufacturer. at whose estate in
Scotland Mr.. Blaine is now visiting,
is credited vita $3.50, geo. George W.
Childs and Wharton Baker have each
300, COO William NJ. Runk, the
agents say, has risks amounting $685.
OJ0, and j. G. Darlington, his part
ner, 100000. j. G. Ditman OF this
city has $l50,000. George Harding,
tn great patent lawyer, carries insur,
ancts to the amount of 5000, 600; Isaac
A. Sheppard, $4,000; Or. Edward
Wilson, $l25, 600, and j E. Kingsley,
$4,000. Then in the 800, 900 list
are the following Philadelphians:
Thomas Dolan, John g. Lucas, b. II,
Shoemaker, 4. B. Peterson, Samuel
Wanamaker, Robert BUST, Jr., and
Charles Blatchley. George II. stuart
and Frank Brown each carry $50, 900.
1t IS a singular TACT that Philadelphia
can boast of having three citizens who
lead the world in the amount of indi-
vidual Insurance they carry on their
lives, Mr.. Wanamaker, Mr.. Stetson
and Hamilton Disston.