Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-01-31
ABOUT INSURANCE.
IN. mountaineering rsdaeemsns-Heacy
Insurance Taken es wealthy wemen--
rssurers oatsids Of New York CITY. !,

NLN EOkNs N0MH8tN otf-"A AA&~~ 49, = 49,
asy General George +. dUtassy. formerly
Of Cincinnati but who for . corple OF
veara has been . resident Of Baltimore. IL
has boon said that en- insurance agent, like
a poot. Is born, not made. and General
d,tjtassy. a. his friends assert, Is born
underwater. and since then has been
much polished and perfected by long ser
vice In the business. He occasionally
fakes up politics as advertisement. aud
during Fornker's FIRST campaign for Gov
ernaf OF Ohio made German speeches
throughout the state Tor hln. In the
recent senatorial contest In the
State noticed his name among the mem
hers Of the lincoln Club who favored
sherman as against Foraker, whom he
beioed 10 elect Governor. In the present
case General d Utassy Is especially interest
INC 10 Us because Of the fund OF inforina-
ION he has IN regard 20 life-insurance.
which is becoming more and more an In
tsfesting subject for the public. He gave
me IN a sentence pretty good idea OF the
foagnitude which the insurance business
re- attained when he said that the COM
panies in the United States disburse near
e ass 600, 900 year Ia claims. OF en- ave-
rape Of upwards Of 81 600 every minute in
he day. Their interest from in
yestments is above S35, 900 900. ana
thew receive from the public IN
uremiums sum exceeding $780,
nn 600. This vast amount of money rs
drawn annually from the earnings of the
people, and whether they get value re-
ceived for il in the protection which IT at
fords 20 families IS matter tor them 10
determine. General d'Utassy and men IN
ms line can prove TO You by little book.
which each one of them carries In his in
SIDE pocket. that there H. nothing like in
surance this side the pearly gates. j recall
en- address by Mr.. James W. Alexander. a
prominent insumnce-man of this city. IN
which he gave IL as his opinion that the
highest vocation which man can elect Is
the Christian ministry, and next 20 that he
placed the life-insurence agent. And Mr..
Alexander was not making a humorous
speech. either. although he has been known
10 do such things.
SOME BIG LIFE-IssURASoE.
II il part Of General d'Utassy's business
10 fnd out bow much insurance his fellow
men carry and show them hat they ought
IN carry more. He says he finds little
nroft m men who have no insurance at
an. They nre beyond hope. and he passes
on 10 the other class. which he finds more
susceptible to the seductive mortuary Ia
lies endowments. indemnities dividends,
and all the rest of the glIttering thing.
While IN Europe not long ago he found
the insurance habit prevailing there to
yery great extent. Some very large
polcies are held by foreigners. ana.
A. a rule, In American companies: In
reply to q question as 10 who carried the
largest life-insurance, General d'Utassy
soi1 the distinction undoubtedly belonged
a. a certain Duke Somebody. of England,
whose various policies in many different
companies aggregated $6,0O0,0O0. The
Prince of Wales was generally believed by
Insurance. men % be the next large hold
or, with something like $4,000, 900. The
Czar of Russia is also insured TO large
amount, but of late insurance agents had
not been urging him TO increase his hold
ings on account OF the activity OF the nus.
slan bomb-throwers. And speaking OF
bomb-throwers. the insurance traterni-
ty owed great deal 70 the late
Mr. Norcross, of Boston. who tired the
experiment on SIR. Russell Sage. Since
that event wealthy gentlemen are less
difficult OF approach by insurance agents,
after they are entirely satisfied on the
point that they are insurance agents and
not wandering gentlemen with bombs.
Several very large lines OF insurance have
been taken out by rich gentlemen since
the Sage incident. and agents are still
quoting trade from brisk 10 buoyant and
hevond. As 20 the largest life policies
held In the United States, the General
Thought no one disputed Postmaster
General Wanamaker's claim to that distinc-
ton. Mr.. Wanamaker is insured IN seve-
rsl companies 20 the amount Of 81 800, 600
There are two other WBnamakers In Phile-
delphIa, William ii. and s. NJ. who are
good patrons, the former being insured
for $4,000 and the latter for 100000.
Probably the second largest policy IL car
ried also by q Philadelphian, Mr.. Ham,
ilt0n Disston, the saw manufacturer,
whose insurance at last accounts ag-
grepated S6O5 900. Another Philadel-
phian, W.. W. Gibbs, has policies
amounting 30 S500.O0O, while Willard E.
Winners amounts to $4,000. Other citl-
zens Of the Quaker CITY carry amounts as
follows, G.. q. Green, 9250. 900: Thomas Y.
England, $255, 900, George Harding, $780,
600; Henry Disston. 100000: William
Disston, $4,000; William j. Smith, Sl20,-
coo; Charles f. Haseltine, s20O,o0O; DR..
William Pepper, $250,OOO; Marshall A.
Phillips, S3OD,0OOi w. nj. Runk, $225,OOO;
Frank Thompson, 100000; j. Is. Stetson.
$4,000; John NJ Sharp. $4,000; II. Il
Shoch, $3.50, 900.
BIO INSURANCE IN NEW YORK.
II there is any one in New York who is
not loaded up with life-insurance It Is not
because Of any oversight on the part OF
the enterprising agents. New York is the
home OF several Of the largest companies,
and II has been the policy OF all hands
connected with them TO see that no one
escaped. Chauncey III. Depew, first in
some other things. is believed 20 be first
among all New York in the matter Of life
insurance. His holdings are placed at
$500 900. Next 10 Depew IS J. A. Bost-
wick, Of the Standard Oil Company, with
S335, 200. 4. w. Devoo has $3.50, 900, and
within year Cyrus w. Field had the same
amount. Since Mr.. Fields illness 1t has
been stated that this has been cut down con-
sideTably, but insurance people say they
are prepared 10 pay somewhere near the
original sum Ia the event of Mr.. Fields
death. -Four msmbers OF the Havemeyer
family carry insurance 20 the extent Of
about S500.0O0. Other New Workers are
quoted as follows: Isidor Cohnheld, $780,
600: w. VI. DeForrest, &125, 900 Alexander
Barrett, 500, 600; NJ. 81. Belding; &ll0, 600;
H. j. w. Alexander, $4,000; Rufus Hatch,
S75.0OOi G. II. Hamilton, 500, 900; l.. O.
Gillespie, $4,000; f. M. Field (now IN
Ludlow.street Jail. $4,000; Alfred
Dodge, $4,000; s. Il. French, 100000;
Herbert G. Pell, S2l0OO0y 4. W. Page,
$4,000; Franz o. Matthiessen, $270,-
WI GthfN ~ AllQOs EAu'tvVVs = t<ci -
lard. $4,000; J. =. Huyler. 800, 200;
James r. Pitcher, $35O.O00, Henry w.
Poor, $4,000; Z. b. Roberts, 100000;
Theodore n. Vail, $4,000; Deacon" 5.
Y. White, $4,000; Editor BENJAMIN
Wood, $4,000: 4. II. Nenner, $3.50. goo;
ID. S. Walton, &l55, 900. 1t is believed that
jay Gould, the Messrs. Rockefeller, and
the Vanderbilts also carry large amounts,
but they have succeeded in keeping the
details 10 themselves.
WOMEN WITH ZIG ASSURANCES.
Nearly all the prominent companies will
accept woman as risk II che passes the
NnI-eyed medical examiner with good
bil Of health. but few companies seek
closely for female risks. The woman who
carries the largest insurance in the United
States, II not in the world. is Mrs. George
Hearst, Of San Francisco. widow of Sena-
tor Hearst. Her insurance. held by seye-
Ial companies, IS placed at SI0000o.
Ms Marshall o. Roberts, married
the other dag 10 Captain VIVIAN, of the
british army, presented him as q wedding
glit an insurance policy on her life, pro-
perry made out il his favor for &t75.O00.
heyersl New York ladies are insured for
large amounts. One woman, Q plunger on
the Stock Exchange. recently borrowed q
large amount OF money on her life-insu-
rance policies 10 meet tho demand Of her