The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-09-29
ON LIFE INSURANCE.
The Views of Some of Our
Leading Business Men.
THE LARGE AMOUNTS THEY CARRY
They Look Upon Life Insurance as Bust
ness Proposition, a Good Investment and
Protection to Their Families.

In recent issue of Harper's Weekly,
there appeared striking likeness and life
sketch of H B. Hyde, president of the
greatest and most progressive life insur-
ance company of the world, the Equitable,
of New York, rs well as that of Mr.. Nc
Curdy, of the Mutual, and others. Mr..
HYDE was born in Catskill, n. Y, on tn e
18th day of February, 1884; therefore he
is now fifty-five years of age. His father
was for many years general manager in
New England, of the Mutual Mr.. Hyde,
the subject of the sketch, has been
connected with the insurance business
ever since he was twenty years
of age, and has devoted his entire time
since then to the study of the duties con-
nected with it. In 1859 he resigned his
position in the Mutual and organized the
Equitable, becoming vice-president and
general manager, and later on succeeding
to the presidency That he has made a
most pronounced success in life is beyond
all question, and the fact that the Equit-
able has been able to grow from such a
modest beginning to its present mammoth
proportions, is but an evidence Of the skill,
energy and genius of its heads,
and the inherent worth of the COM
pany. On December 81, 1859, the assur-
ance in force on the books of the society
amounted to little over one million dol
lars. To day it amounts to over six hun
bred million dollars. On December 81,
1859, its assets were a little over one hun
bred thousand dollars. To-day they are, in
round numbers, Sl00.000,000. Its surplus
over and above all liabilities, including the
per cent. reserve, was on December 81,
1898, nearly twenty-one million dollars. 1t
has paid to policy holders within twenty
and oue-half years Sis, 494, $50. Mr.. Hyde,
therefore, thus enjoys the good fortune
granted to few men who have accomplished
so much, of seeing, with his own eyes,
the triumph of the principles which he has
advocated and the good that has resulted
from their earnest application.
Believing that it might be of interest to
the readers of The SUNDAY HERALD to
learn of the large lines of insurance carried
by some of our leading business men at
home and their views on the question, a
HERALD representative chartered one Of
the agents of the Equitable and called on
the gentleman Eamed below.
F. o. HORN.
This gentleman was the first encoun-
tered. ''Why do 1 carry life-insurance"'
he asked in response to a similar
query well, there is one good
reason. l am too poor to be
without it. Life insurance is just as much
of a necessity as fire insurance. have
only Sl2, 800 now, but would carry 100000
if l could do so. look upon life insurance
as positive protection to ones family, and
it is something that no man should be with
out. There have been times in my eXis-
tence when l found some little difficulty in
even meeting the regular payments, but |
never allowed policy to lapse, although l
have carried insurance ever since | was
twenty one years OF age"
LIE GRAND YOUNG.
u advise all my friends to have their
lives insured. / am great believer in in
surance and have always carried whatever
[ could afford to. 1t is very handy and con-
venient for a man to be able to pick up
s., 900 or so 900 when he gets along toward
forty, fifty or sixty years of age, and this
he may do providing he insures early
enough in life in the right company and
in the right way. It is a good thing for the
married or unmarried" He carries about
twenty-five thousand dollars.
SPENCER CLAwsoN
To this gentleman, the usual question:
what are your views in regard to life in
surance!' was put. "Wel, he replied, Il
do not know that care to read you lecture
on the subject, or indulge in the why's and
whereforeS, as / am extremely busy just
at this moment / carry 100000 worth at
present, however, and recommend every
body else to carry as much as they possibly
can without distressing or mountaineering
them in making the regular payments.
| try to induce all whom have any in
f1uence over to insure"
P L. WILLIAMS.
This gentleman looked at the subject in a
practical light, and thought that it was a
good Investments protection to a mans
family in case of his death, and a source of
profit to himself in case he should live be-
vond the allotted time. He carries away
up in the thousands.
W. VAN CoTT.
This gentleman was not decided in his
views. He hardly knew whether it was
good thing or not, but in consideration OF
the fact that he had recently taken out a
third policy through the advice of Mr.. Viii
liams. it is more than probable that he had
greater faith than he was prepared to
admit. He has three policies on his life.
DIR. j. F. ALLEN,
of the Wasatch drug store, said: ANY
man who can afford to carry life insur
ance-and nearly everybody can, to some
extent-ard does not do so, is the biggest
idiot on the face of the earth. have re-
ceiyed two dividends this month-One on
the oath, and the other few days since.
have never had any reason to regret my
steps in this matter, and l do not believe
ever will"
F. H. AUERBACH.
This gentleman was most enthusiastic
over the benefits to be derived from life in
c,,rance 1rnnerly placed Looked upon in q