The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-01-15
Who Have Big Investments
That Way.

insured for a total of over 100000, or
( carrying policies for over 100000 each,
and, the insurance companies doing a
IS, 09O, 900 business during the past year,
Worcester offers a fertile field for life
insurance.
The aggregation for the policies
written during the past year is the
highest, but with improved business
conditions, it is confidently anticipated
that even this mark will be surpassed
in 1899
The representatives of the standard
insurance companies in Worcester vary
in the charaeterizations which they
make of the city from a life insurance
standpoint. some from business reasons
and others from a candid and frank
Interpretation of the situation.
The general sentiment. however, is
that Worcester is an average city.
While some believe that Springfield,
which is materially smaller, has a
greater number of policy holders, with
equally large or larger amounts, Wor-
cester will compare faVorably with
other cities of the country having
population of over 100 600.
One agent declares in strong terms
that Worcester is a poor city for the
life insurance business, and is not to
be included in the class of other cities
of the same size or even cities of small
err population. However, this agent in
spite of his pessimistic view, has gained
an enviable reputation for the business
he has done, SO that,-in spite Of this,
it may be generally stated that Worces-
ter has about the same percentage of
policy holders as other large cities.
The field is as thoroughly canvassed
Hfnaa ~, Il
and conscientious agents as any, but
& the results are not such as to signal 1t
g out among the cities of the country
According to the conservative eSti-
mates of the leading Worcester agents,
there are ten or more of the business
men Of the city who are today carry
Ing life insurance policies for over
100000 AS the companies have linn
its for the amounts for which a policy
s holder may be insured, varying from
E $4,000 to $150000 the heavy policy hold
ers are accordingly represented in va
Z rious companies.
In a recent publication giving near
ly all the leading insurance works of
the country, but two Worcester names
are given, those of G. Henry Whit
comb and William H. Sawyer. 1t is
Generally believed that Mr. Whitcomb
carries the largest amount of any per-
q son in Worcester, it having been esti-
mated that he was insured for $3.50 900.
Close to him are William H. Sawyer
and William j. Hogg, Both have in
sured their lives for between 500. 900
and 100000. Others of the big ten
of this city are Orlando w. Norcross,
James Logan, Charles r. Barton Col.
Samuel q. Winslow, Matthew J. Whit
tall William H. Burns, c. Henry
liutehins
There are about thirty of Worcester's
business w ara
more than $4,000. and over IS in the
CITY who carry policies ranging from
$4,000 upwards. Among the men who
carry heavy policies are Stephen Sails
bury, Col. A. George Bullock. George
=. Bigelow, Charles Crompton, George
Compton J. NJ. Russell, A. M. Stone.
=. b. Mills. Frank p. Knowles, S. H.
Cotton, William J. Hall, Newton OAR
ing, A. w. Darling, Harry w. Smith,
Frank Bulkeley Smith, f. ]. BicknelI,
George {. Whitney, w. H. Cook, e. L,
tarker, G. @. Warren, Dr. T. C. Men
oenhsli Justin A. Ware, George f.
Eroeks, Edwin Brown and Judge w.
4. Forbes. Among the clergy here who
are insured, are Monsignor Thomas
Griffin and the Rev. DR.. Thomas Con-
atty rector # TIE Catholic University
Mr. Whitcomb, who has policies in
aeariy an fine standard ORGANIZATIONS
from the state Mutual of this city to
Insured for $S5, DOC in one company aIona
The Unit of estate Mutual is $40 900
ana from this figure the other ron, no
MES ruf. up TO $4,000 and S65 900 while
some Wall insure as high as $3.50. 900 on
sihgie NE. From early years Mr..
w nitcoinp mas been believer in life
insurance, and for some time he bas
enjoyed the distinction of headine, AZ
Hst mere, although by the constant
changes and a ditions which are tai
Ing place regularly, he and Massre
sawyer and Hogg are in close COM
pany. Soi1i-
The next class of those who hold
pollcles are the business men, who in
sure their lives for between s25 0oo and
$4,000 y-''V'V anu
"A still larger class holds policies for
10000, and then comes the maioritv
whose policies rise from $1,000 upwards
Many Of the richest and wealthiest men
Oh the city have taken out small poll
cles, While their less aff1uent brothers
have carried their amounts up in the
thousands
The majority of those who carry poll
cles are the business men Of the city.
merchants and manufacturers, who far
outnumber other classiflcations The
iegal representation has a small follow
ing, ana the same is true to a more
OF less degree of the other professions.
;, r. " Taylor, who has not been be-
never IN insurance until most recent
Years, IS consequently a small holder
Jonas q. Clark carries several thou
sands, but Is, not among the large policy
holders. Nearly all the representative
business men have policies for a few
thousands, nearly every member of the
BOARD OF trade appearing on the books
oI the insurance companies for a great
er or less amount
one agent who is in vital connection
with the life insurance business of the
CITY states that during the past year
the agents combined wrote Sc, 0O0, 900 of
business, SO that the amount for which
people IN worcester are insured rises
said to have done sS5. 900 Of Insurance
business during the past year and
with this record behind him Il is the
nlgh water mark OF the agencies of
the city tt 80 =
Whiie talking with one Of the oldest
insurance representatives in the city
ABOUT the success Of the business and
the foundation therefor, bill collector
entered the office, and overhearine the
discussion upon insurance matters.
Vouchsafed the statement that he was
once an agent, but had got out of the
business because 1t did not pay. The
general representative looked at him
critically, and said that man did not
make the business pay for two reasons
he lacked both persistence and tact,
THESE two qualities possessed together
are the secret of success. They must
be held conformity.
The age limit which most companies
set at which a man may be insured Il
80 years, although some extend the time
to 20. A we'll known agent IN tlois, offs,