New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-11
MRS. sTANFoRD's POLICY.
NOTEWORTHY FEATURES OF THE IN
sURANCE.

THE RISK Sor CONSIDERED EXTRAORDINARY BY
MEN IN THE BUsINEss-INTEREsTING POINTS
ABOUT SOME OTHER BIO POLICIES.
Tho report that the Mutual Life Of Network
had written a policy on the life OF the WIDOW OF
Leland Stanford In favor Of the Leland o'ahio'o'
,r University for 900 caused much oiscuSs.o"
IN Insurance and business circles yesterday i"e
statistics compiled by Colonel Cllnord IhoHiso"' y.
THE Spectator" Company, show that n''"o, -, "
roonIc IN the United States have had ther "Ves
49,, ,or a COO GO nd more but In no case mas
= r,sI ~ that size been assumed by one company
Iohr wana;naker carries insurance on MS NE az
preeatIng N5250OO but the amount is o'su'o",
among n number Of companies, no one Vi ""'.
assumes more than about one-'enth part VI w
gross amount and the case OF MT. w 49,,
,ns,r,ncc will probably illustrate all others VI TIN"
class A., c,anso-6
l., .or,,ou,ar,v noteworthy because she has phsseo
ber scventy-frst birthday, and Insurance oo'''
rorov receive applications for insurance eve" ~.
ordinary amounts from people VINO are wv 49,,
S.o ,oors Old and they never solicit rishs u ''"'
kind. a. c.,ord will nav
According to the report, Mrs stahio'a WIZ ,,h,
,o,r,v nremiun OF $4,000. and II she oes W.
" . .,o university will receive NoD"" a"'
!, .Lo Uves more than ten years the ohi''''
I'm ooo,,o - nm noo AZ her death. the oii'ce'' %
tho Mutual Life would give no ihtor'''"'''' =,
subject and said that their trahsao.V -, s,,,,,ood
q confidential character. and couid nor oe a'r,s
.,,a oro freouently asked about the a"'o""'e
which we carry on the lives OF peop'e, , A.
NJ the officers but always reiuSe "
,,orno,,on ONLY a short time ago man oa,'
a.. mo and askcd II a certain merchant had pm
I, our company, and. II so. for wha' a'''
asked him why he wanted to kno" anu ~ ara
authority he made the inquiry lie sum" 49,. 10
bemmed and hawed, and finally shu '"l
,hougbt Some Of marrying the mans ""'S"
Wv" on.od ~ no nosted on his post-morter'
a a'u oond,t,on We could give him no informa-
zion and we feel the same as to the Stahio'u MAJ
ter" -, ,ro,oe
"The risk Is not great in the eyes o u p.S
sjonol Insurance people" said Coiohei
"oo !, anno,rs 70 the layman and when a conpans
with 1900 coo assets writ policy TOT slVV"'' " "
sumes a greater risk than is taken In thls 'r','"
! .,o, uben tho risk Is only about onc-haf OF per
| cont Of the company's assets. No pohcv har
before beer written for the amount Nance So
s,i,l I, Is a good risk. Mrs. Stanford IS uhoou'''
| = ro,,orkabIv wel-preserved woman, and com
netent physicians have reported In FAVOR Oh 'i 'N
rbese renorts were SO favorable that the compdh!
iii, havo no difficulty in reissuing enough OF TIE
rtoy N mako i,s own loss less than sl5op IN case
! Of death On the whole the case IN iues'oi' Il -
bas been reported correctly, Is fair risK' pu' 'r
aoe of tho insured and the amount OF the pohcy WIZ
oIu,avs make the case remarkable In insurance rec
ords"
SOME CAUSES FOR INSURANCE.
There IL nothing markable In the fact that me
Rig policy Is written In favor of the university ne
o.usa eirnllar Jolicies are numerous. A Few years
aro = number Of people had their lives insured 10
nrotect a mortgage on a church which they were
anxious to have paid. Another Instance OF recent
date occurred In Missouri. where number OF nuns
IN convent applied to have their lives insured for
Tho heneft Of the institution Of which they were In
mates On inquiry II was found that the architect
| IRE ~ many converts and monasteries was pre)u-
dc,al 70 good health ana Il was thought pest TO re-
iect the applications but the objections were over
| come when the institution was 'Nah'iieu anu '''
policies were Issued l..
Two MUSICIANS who had been instrumental IN
founding a school which they believed might slilel
- tho died had their lives Insured for the beneht OF
Tho institution some years ago. They lived to sec
Tho school out OF danger and financially secure. anc
then had the policies changed for the beneft or tne
own families - . ,. +, s
daily and partnership insurance. where one partner
tnsres in favor OF the other for the benefit of the
hmsiness Is also an ordinary practice. There are
| also more applications for insurance from people
! Who are over age than formerly. and companies
| exist where lover age" and under average life
| risks taken.
| FOR 10000 OR OVER.
| Among the residents of New-York who. according
m .rhe Spectators" record OF last year were in
| surcd for 800 600 and over. were: