The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-11
HEAVY INSURERS.
Prominent Men VINO Garry Big Risks
on Their Lives.
Prom the Ns,s York advertiser.


Prom the Nelr York advertiser.
just before the close OF his first term Of
Office President Cleveland applied for a
$4,000 life Insurance. policy IN leading
company, The risk was declined, not on
the ground that Presidents were dangerous
risks, but because the thick, short neck OF
Mr.. Cleveland was considered, after q med
ioal examination, to indicate a tendency to
apoplexy.
The medical examiners OF the insurance
companies pay particular attention to the
heart when examining subjects whose oc-
equations involve mental strain. Very often
a man is rejected upon an examination
made while he is engaged in some impor-
tant business enterprise requiring constant
thOughtfulness aud care, where II had been
examined at q time when his mind was free
and easy he would have been entirely &C.
ceptable.
Hon. Charles Foster, the ex-Secretary Of
the Treasury, carries $4,000 in life insur-
ance, and about one year ago applied for
$40, 900 more in q Cincinnati company. At
that time he was earnestly dealing with the
rapidly vanishing treasury surplus, an issue
that was as puzzling as it was important.
When examined for the additional insur-
ance there was q marked irregularity in
the action Of his heart, which caused en-
unfavorable report 20 be made upon his
case, and the additional policy was not
issued. The examiners themselves adj
mitted that he was probably in a. good
health as when originally insured, but the
strain OF his office had created symptoms
which they could not ignore. The circum-
stance, however, was not lost on the secre-
tary. He hRhtened his official duties as
much as possible, and during the summer
months following took q trip abroad, on
which he incidentally consulted a heart
specialist while in Paris. This summer the
ex-secreta-y will take things easily, and let
Secretary Carlisle expose himself TO heart
failure.
The leading old line companies keep accu-
rate lists of the insurance carried by their
heaviest policy holders, not only ia their
own, but in other companies. The list of
| heavily-insured policy holders is headed by
three Philadelphans. First among these Is
ex-Postmaster General John Wanamaker,
who carries q greater insurance than any
| other man in the United States. II
amounts to 81 SOC, 900, and the premiums
paid by him amount TO a little over $50, 900
per annum.
Under the circumstances the continued
good health of this merchant prince is
source of qualification to the companies In
which he is insured. Most of this insurance,
as IS the case with all large insurers, natures
at the end OF from twenty to twenty-five
years. Some of the policies carried by Mr..
Wan0mRker have been running sixteen
years, SO that it will not be long before he
realizes on the first in Investments.
Hamilton DisstoD, with less than half the
amount carried by Mr.. Wanamnker, is
second on the list ia regard to amount His
life to-day is worth $500, 900 to the insur-
auce companies. The third in order is J.
B. Stetson. whose heirs, so far as insurance
goes, are protected to the extent Of 1915, 900.
49, e..F, Nk a..
tion Of being the largest policy holders in
the country.
There are several men who are insured
for $500 900. Oftheso Philadelphia has one,
w. w. Gibbs. or the PhilAdelphians other
than those mentioned who carry SOC, 900 or
more in life insurance the list is as follows:
II. r. Shoon, $4,000; Marshall A. Phillips,
$500, 200; D. h. Mills, $270,c00; Thomas Y.
| England, $3.50, 600; g. @. Green, $3.50, 900
Dr. William Pepper, $3.50, 900; John J. Pyle.
| S250,000; l.. G. VanuxeEn. $3.50, 600; George
| @. Boldt, $685., 900; WI d.. RunR, 1925, 600:
| George Harding, $500, 900; Charles +. Hazel
tine, 100000, aud William H. Scott.
| 100000. j, F. Sinnott il insured for
| $4,000; George Kelly for S16O, 900 and
William 7. Clyde and DR.. J. NJ. Da Costa
for S16O 600 each.
The high water mark for Insurers in
New York city has never gone beyond
100000 Chauncey NJ. Depew and Theo-
dore A. Havemeyer are each insured for
| that sum. Pierre LorillRrd, the tobacco
manufacturer, is insured for $4,000 Gen.
Albert A. Pope manufacturer of the Co
lumbia bicycle, for $2OJ, 900 and Deacon s.
V. White, the honest gambler OF Wall
street. for $l75,000.
Andrew Carnegie Is insured for 1863, 900
and his partner, H. G. Frick, $l65, 600, q
fact which the latter's would-be assassin
probably did not take into consideration.
There is one newspaper editor to repre-
sent the profession among the large policy
holders. He is Edward Rose water of the
Omaha Bee. carrying life insurance Of
$4,000. One woman of wealth figures in the
list, namely, the widow of Senator Hearst
OF California. who is insured for S4O0, coo -,
most of which was placed during her hus-
bands lifetime.
Altogether in the United States there are
210 mon who ore insured for 1925, 900 or
moro. The total of this insurance amounts
to $45, 100000. 1t is the rule OF the insur-
nnce companies not to write policy on
any one PERSONS life for more than $50 900,
SO it will be seen that these large policy
holders have each investments In q great
many different institutions.