Evening journal., 1900-12-11
BRIEF ACCOUNT OF GREATEST
INSURANCE COMPANY In WORLD
Since lis Organization It Has Received From Interest
and Profits on Investments Over a Quarter
Of a Billion Of Dollars

largest single payment as policy
premium. ever paid 10 "a life insurance
company bCing a check for iive hum
dred and seymty-eight thousand, three
hundred and iOrly-nve dollars, for five
policies of 100000 each, issued on dif-
lorent members of the Havemeyer
family of New York
AT the instance and on the ac-
count of one of the great business firms
Of Chicago, il issued at one time over
seven hundred policies, lnsuing as q
Christmas gift nearly all of The male
employees OF the house.
10 has Issued the largest nele pol
icies ever writtcn. They We're for one
million dollars each. one on the life OF
George Vanderbilt. or New York, re-
Quirlng the payment of an annual pre-
m.um Of $4,000. and the other on the
lile of Frank II. Peavey, of Mlnneapo-
us, Mlnn. calling for an annual pre-
mium on SiS.39O. The latter is the
largest annual premium on the life of
an individual ever paid TO any ngur-
ance company in the world.
Mr. Samuel NewhOuse. OF Salt Lake
City, Utah, paid 90 The Mutual Life a
single premium of two hundred and
thlrty-three thousand. eight hundred
and twenty-eght dollars for two pol
icy contracts.
Mr. James j. Hill. president Of the
Great Northern Railway paid the
Company single premium of one hun
dred and th.rty-siX thousand, three
hundred and fifty dollars
An English gentleman deposited with
| the COmpany's London agent. eighty
six thousand. twenty-line pounds and
1--WE shilllngs-or nearly four hundred
and thirty thousand dollars. or some
thing over two million of francs. for
an annuity on his life.
Careful investigation OF the original
records shows that the story about the
uiscounting of notes to pay the early
death claims of The Mutual Life how
ever interesting as any anecdote, has
no founuaticn i'm fact In acknOwledg-
ing notice of the death OF Miss Colt
President Johnson wrote:
Your favor of the DIST instant cOl-
tained evidence of the first loss we have
met with We are prepared to pay the
amount the moment the proper evil
dence Is submitted and the claim pre-
sented by the party legally authorized
I 20 receive il"
The Company does not insure az It's
regular rates those engaged In extra
hazardous occupations OF who are about
TO incur extra climatic risk in travel
or TO engage in military or naval ser
vice Gin time Of war;, as such course
would impair the equities of the ma
iorty Of the policy-holders who do not
incur any such extra hazards, and
would disturb the strict mutuality
which must be preserved between all
the different members; but all It's poll
4 cies are free from restrictions as to res
idence. travel or occupation after they
shall have been two full years in force
except for military or naval service in
time of war for which permission will
be granted at the Company's regular
rates for the additional hazards of
such service.
All policies are incontestabe after
two years from the date OF issue II the
premiums shall have been duly paid
i Thirty days OF grace are allowed I'm
payment of premiums
;, All premiums I'm this section arc
. payable to Herbert ~ Fell the Com.
= pany's General Agent at S37 Market
J. street and any Information desired
J pertaining to the business of this greai
4 company is cheerfully furnished by hi.
Office.
I, All death claims are paid immediate
!, ly upon the acceptance of satisfactory
/ proofs.