The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-18
CARRY BIG POLICIES.
Men Whose Lives Are Insured for
100000 or More.
w Work. Mail ana Exnress.

New York Mail and Express.
Managers of life insurance companies say
that very rich men have come to look upon
insurance as q safe and profitable invest
ment. In the old days policy in some good
company was considered simply in the light
of the poor mans provision for his family
The rich man went over his bonds, stocks
and business investments Of all kinds, fig
ured out his income, and if it appeared am
ple rested content in the thought that in
the event of his death his family would be
provided for He gave no thought to life in
surance, except to commend the prudence
and thoughtfulness of those of his employees
who We're denying themselves little comforts
in order that out of their meager salaries
the premiums on policies might be paid.
But change came few years ago. Far
sighted agents saw that life insurance could
be made a protector of estates, and these
self-made agents set to work to talk their
ideas into the heads of rich men, Here is a
sample argument, elaborated to a big iron
founder:
"You have million dollars invested in
your works. While you on hand the
business goes ahead satisfactorily and an
average of $4,000 accrues to you every year.
This money you spend on your family. Your
CIlIlOIGA dIG bClAlS DAOuShS hP IL AAAuA y
Your daughters dress richly and shine in
society," Your sons at college live up to the
reputation for wealth of their father. Sup
pose you were to die tomorrow Without
your guiding hand your foundry would be in
a bad way. Your executors could not pos
sbly run the business as you are running
il. Something would have to be Sacrlfced
so that ready money could be raised With
out the ready money your family would be
DiQCheQ inside OF SIX months. have you
ever thought of that?
OF course, an argument Of this KIND has
weight. Judiciously followed up, it should
lead to a $50,000 policy Life insurance in
sound company is paid Immediately AFTER
proper proofs of death are filed. Within a
week after the iron founders death his
executors would be IN possession OF $780,
600 in cash, and his business could proceed
on the old lines. The cash would enable
the executors and the family to tide over
any embarrassment which the death of the
head of the family had caused.
Estate protection through life insurance
has become so common that 1t no longer
attracts much attention. 30 many men
have taken out policies IN excess OF SlOJ,-
600 that if an insurance company were 10
announce to-day the issuance of one of
these big risks the newspapers would scarce
" deem it worth an obscure paragraph. A
few years ago such pohcy "oulu nave
been worth column story. -
John Wanamaker carries more life insur-
States. His policies aggregate $loo9,OUo. Inc
greater part of them are fifteen and twenty
year endowments, but some are straight
life. When asked why he hau insured SO
heavy Mr. Wanamaker said:
II thought the matter out, ana convinced
myself that it was a5,ad g o me fhat might
perhaps, give away more money III NE
time if there was fixed certainty OF put
ting il back into my estate by lie lnsur-
ance T conceive that the best way for
man to carry on benevolence IS not 10 ledye
it to be done through his VIII, D I,9 20 40
ii i'm his lifetime, and felt that NE lnsur-
ance would give me more freedom III carry
ing out some plans | have ana , w9dcn I
would be glad to see coiipie'e0 OeAoie
The The following New Workers are carrying
policies Of s10000o and over: !; w S SIe0
ander $1,000 John D. as aF o6 John 0T r
Bennett 100000; Albert bal, siVVV w.
samuel Burrowe Sl7s$ Sc; rs, Samuel s,o ".
900: John Carnrick, 100000; c. win Chap
pelIe. 800 600: William p. Clyde. 10000;
James b. Colgate, Sl06 900; j D. GflnIiiln 1'
sl00. COO: II. H. Curtiss, 100000: George n.
Daley. 800 900; c. a, Dana Sl2V'oOq' Tn9un-
cey NJ. Depew, 100000; Hon A. IL J. Dltten-
hoefer $1Oa0Oo; r. 4 Ehret Slggo; S slaa onos
s Fairchild. 100000; John Farr, SlgJOO0;
Louis F. Fleischmann 100000: Seth B.
French 100000; John Glib. $ll09gO; wayne
Grswold. 100000; Theodore A. HaV ems Soo
Isaac n. Heidelberg, $lO0;0oQ; Paul oo a Hem
MANN SlO0 600: Albert b. Hilton. SlOoo9; J.
s. Huyler 100000: III. y. Hyde. Sl69VO;
Samuel Insult $4,000; Adolph Herbs, $780,.
OOO: Julius c. Kugelman, Sl00,e00 Ed Iauter-'
bach. $2O0,O00: Francis g. Lloyd. Slo0OUo'
Franz o. Matthiessen, S2S5.000; Edwin A.
McAlpin, 100000: John a. Mccall, $40 900;
Richard A. McCurdy, $l06,O00; Sol MlcheI-
hacher. 100000; f. A. Moen, Sl030 00; II.
Morgan 100000: William Fellows Morgan,
100000; T. b. Newcombe. S250000; Albert NJ.
Palmer. $4,000; Fred s. Pinxus, Sloe000;
James r. Pitcher $i65.000; I. Pollak. Sl2O0 900;
H. c. Potter. 100000: Joseph r. Quimby
100000 Robert c. Rathbone, 500 600; Lewis
William P Rockefeller, 100000; FL. II.
Rogers 100000: Lewis $. Samuel, 100000;
John Sinclair $4,000. Lizzie d. Spears,
100000: Benjamin Stern. $100000; Anthony
Stumpf S1o0.000. e. H. Tenney. 100000: Her
bert r.. Terrell. 500 COO: Charles $. Upton,
$4,000: I4cian G. Warner SI0000Q. M.
Wertheimer, Sl7soo9: g. Vessels, $4,000;