Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-02-26
AWAKENED FROM A DREAM.
"Dirt Cheap" Insurance That is Not So
Cheap After All.

From the New York Times, February %
DETROIT, MICH, Feb. 22.-One year ago s. L.
Dinkelspiel, a sharp, plausible, oiy-tongued
man, employed by the New York life insurance
company as special agent came to Detroit.
He first waited on the Mcmillan firm and de-
hvered himself as follows:
~ am commissioned by the president of the
New York life insurance company to take out
policies under new and advantageous induce
ments to the insurer. We wish to place ten
Sl0O, 900 policies in Detroit"
He then proceeded to explain the details of
the plan to each of the members Of the firm
the premium being of different amounts, ac-
cordlng to the age Of the person addressed
To W. c. Mcmillan, son Of the Senator, he
said: 1.-The first premium on your 800, 900 pol
icy on the ten-year plan will be s4,2lO. Dur
ing the succeeding nine years you will receive
your policy share of one-ffth Of per cent of
the premiums received by the company in the
state of Michigan during the year 1883. This
will reach the sum Of q, 900 per year and more.
but will give written guarantee that it will
be 81 500. At the end of the ten years, If you
survive, you will receive $50, 900 In cash"
The proposition had nice features about il.
It was a select millionaire crowd. The rebate
was handsome and the final payment com.
Portable. The ''slick" agent raked in between
900 and g. 0O0, 900 of insurance, clearing
a handsome sum in commissions, his original
W,
GLIDING many of the notabilities Of the town.
Then Dinkelspiel departed, visited other large
places in Michigan, exhibited his Detroit list
of nabobs and gathered in a goodly array of
others. altogether making an extremely profit
able trip.
and the policy holders are rudely awakened
from their dream Of dirt-cheap life insurance
by the information that the company will hold
them to the letter Of its policies. 1t will allow
the promised rebate on the total premiums col
lected IN Michigan in 1889, according to Din
guarantees that this percentage would not be
less than S1,5O0. Rebates have, therefore,
fallen to e20O or e300, and great is the wrath
over the discovery.
1t is now seen that to be able to pay the
promised 81 500 on each policy the company
would have had to do in this single state q
business Of S6O, 00O, 900 last year. Some are
disposed to quietly laugh over their gullibility
but the anger Of others takes on a sulphuroui
form. One Of the victims, Mr.. Jas. W. Fales
has sued the company for the premium which
he paid on making his application and which
he demanded back after reading the policy
sent him. His request was denied, and he AND
his attorney leave for New York the first of the
week to take dispositions. Mr.. Fsles avowt
that the representations made to him were moi
made good in the terms of the policy, anG
that he will follow the thing to the bitter end
In letter to the local agent President Beers Of
the New York life says: 1--WE are ready Il
carry out the written agreements made with
Mr.. Dinkelspiel to the letter. We have n,
knowledge of anything outside Of that and vii
not for . moment consider anything outside
Mr.. Dinkelspiel is no longer in our employ, a
We did not like his business methods"
A three-year-old child, daughter of Milton A
Working, was burned to death at her hom,
near Woodsboro, Md, Monday. The mothe
left her three small children alone in the hous.
while she attended to some duties outside, ant
it is supposed that they found and ignite,
matches.
"Ebie" Shaw Of the crystal Slipper" com
pany has been second time divorced from hi
wife on account Of his second affair with MAJ
Yohe.
Ten more rioters are TO be brought from
Navassa to Baltimore for trial
The Philadelphia capitalists who purchased
nearly ell the Newark horse car lines will, ID i
| said, dispense with horses and use electricity
The price paid was over "a, 000, 900.
Edward Edgett, living alone in Brookheld
Conn, was burned to death in his house Thurs
day night He had Just been released from jxi
and said he was going TO die.
AL except two members Of class ct Wash
ington and Jefferson college have been expelle,
for abssnting Themselves from Latin recita
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