The San Francisco call., 1899-09-23

II,
u " Julius Kruttschnitt, who is
''killingly'' economical in the
management of the Southern Pacific Com
panv. are threatened with suit by life
Insurance agent, who would not take the
use of Herrin's name in lieu Of the good
hard cash due on two life insurance poll
cies issued respectively to Herrin and
hruttschnitt.
Herrin tried TO convince the agent that
the mere fact Of having his name on MS
books was worth more than the amount
due on the policy and thought that II the
agent was ''on 10 his job he would make
him a handsome present for the privilege
Of being able to say that he had issued
policy on the life of the head OF the law
department of the Southern Pacific Com
papy. The agent could not see 1t that
wav-in fact, he was not going TO 90 any
boastine over the fact that he had Her
rim as a client He demanded his money
and declined to take anything else.
Kruttsehnitt was told by Herrin Of the
OUTRAGEOUS treatment he had received
from the insurance man and stood IN 10
make the agent suffer for underestimate
ing the value Of the Herrin name, hrutt-
schnitt not only repudiated his note given
for the amount due, but tried 70 force the
agent TO refund the money that had al
ready been paid on the policy. When the
insurance man refused to be bulldOzed
Kruttschni,t tried to force the issue by
filing a suit against the company TO get
his money hack.
Some months ago James B. Marvin, rep
resenting the Mutual Reserve Fund Life
Association of New York, learned that
Kruttschnitt had suddenly reached the
conclusion that his life was of some value
and that il was worth insurlnS- de
placed a figure on it of $4,000 Marvin,
in keeping with the reputation OF lie IN
surance agents. allows no clew to pos
sible client TO slip by without an investl-
CATION He waited on the Southern Pa
cific Company's manager and placed De
fore him a scheme of life insurance that
Kruttschnitt said was something he had
been looking for almost since the day of
his birth. 1t suited him precisely, said
he to Marvin, and he ordered $50 ,o0o
policy. One-half of the first. years pre-
MUM, sum over $1,000 was paid when
the application was signed. and the ball
ance, for which Kruttschnitt gave his
note. was 10 fall due when the policy
arrived from the home office of the in
urance company in the East. So far
everything was lovely.
Kruttschnitt was so tickled over the
bargain he had struck that he let Herrin
life was Just as precious and valuable as
that of the general manager, and TO prove
it he proposed to show that Kruttschnitt
vas not the only hireling of Huntington
who could get himself insured for $50 .o00
Marvin was sent for and was somewhat
eiated to learn that Herrin desired 70 in
sure and that he wanted the same form q
,,olicv as that for which kruttschnitt had
Iilci his application.
Hcrrin paid one-half of the first yea-' 5
premium. but he did not give his note fo'
the balance. A verbal promise TO punglt
wien the policy arrived was all that Her
rim would give. Marvin was a little shep-
deal about doing business that way. but
Herrir's suave ways threw him OF his
-nard and he concluded to risk it Sub
seuuent developments showed that HerrtT
not only proposed to keep pace with
krutts chnitt in the amount of insurance
he carried but that it was his intentiol
to show the general manager a trick o.
two IN the art of getting life insurance
at / air price. The scheme by which i
was TO be accomplished was purely orig
nal With Herrin, and it was through NJ
fault of his that it miscarried. If Marvir
could have seen Herrtn in the same mirror
before which the political misft of The
bouquets at his own likeness everything
would have worked out according to the
Herrin programme. But Agent Marvin
does not view things through magnify
ing glass. and for that reason Herrln :