The Providence news. (Providence [R.I.]) 1891-1906, 1894-06-08
INSURANCE.
A One Hundred Thousand Dollar
Policy on a Woman's Life.

A One Hundred Thousand Dollar
Policy on a Woman's Life.
A life insurance company has just issued
a policy for 100000 upon the life OF
woman.
This is the first time q policy for this
amount has been issued upon woman's
life. The happy possessor of the policy
referred to is Mrs. Charles Il. Longley,
resident of Rhode Island, married, and
the mother of several beautiful children.
Mr.. Longley is well known as Presi-
dent OF the j. b. Barnaby Company
and is one of the most wide awake and
successful merchants in Rhode Island.
He is also widely and largely Interested in
the business in different cities through
out the United States. The husband sug-
gested that Mrs. Longley insures her life
upon the continuous instalment
plan. 1t was done, and now no mat
ter what fate may befall, il the premiums
are IA thfully paid, the little ones will be
protected financially as long as they live.
Mrs. Longley is q splendid specimen Of
womanhood and underwent the rigid
medical examination bravely and euecess-
fully.
Southeastern Tariff Association.
The Southeastern Tariff Association, the
insurance organization of the South, held
its 18th annual meeting at the Shoreham,
MasAiHeten, ID. q. ON "Wednesday.
Forty-eight companies were represented
out of Q total membership of 20. President
Livingston Minis presided, but in his an
nuai address declined being candidate
for reelection.
From his annual address, the following
on the future of insurance business in the
South is worth repeating:
"With q still further moderate in
crease in rates, the Limitation of
insurance within values, and the incor-
poration in every policy of that just
and equitable rule, that liability for loss
shall be the proportion thereof that the
amount Insured bears to the whole value
OF the property insured, we may be happy
yet"
Reinsured I'm the Fire Association.
The New York city business of the re-
tiring English company, the Guardian of
London, was yesterday reinsured in the
Fire Association of Philadelphia.
The Guardian did a large business in
New York and short time since absorbed
the business OF two American companies,
the City Fire and the Lorillard. Now in
turn it surrenders to a typical American
institution.
Vice-President Woodbury. Resigns.
The most important happening for
some time among the Factory Mutual In
surance companies Is the resignation OF
G. j. ii. Woodbury., vice. president of
the Boston Manufacturers Mutual In
surance Co., which takes effect Sept. i,
Mr.. Woodbury. has accepted high
position with the American Bel: Tele-
phone Company. He is well known
throughout the country as a scientific
underwater and scholar. BY his excel
lent writings he has contributed more
toward a general knowledge of automatic
sprinklers than any other Insurance man.
The May Fire Loss.
The fire loss for the United States for
May, compiled by insurance ststisticians,
reaches a total of slo,777, 800, making the
losses of 1894, SO far, aggregate
$53, $3.50, 900. This is much better show
ing than in the corresponding period of
1892 and 1898, as can be seen from the fol-
lowing table: