The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-04-01
CONTRACTOR MOONALD'S Life
INSURED FOR Two MILLIONS
Heaviest Policy Ever Written-vdw Of Ills Time WI
Building the Tunnel for the Rapid
Transit Company.

Of the Rapid Transit tunnel, had hin, 3,
ssired and syndicate will pay all prsrnism6
Ihese VIII amount Go $4,000 A year q
10000 for Ave years policies are 10 nan
NO one company would accept rss
OF sa'.ae0 The New York Life Inaufans
Company viii take seooo0 OF Il lis list
ON single risk. and will underwri,e h
remainder In this country and Eufxs
II viii be divided among no fewer I'm
thirty companies.
This 100000 OF insurance simply fsexs
sents the value which Mr. belmont pisfs
upon Mr.. Belmont's services for the COO
Ing five years. This f. ono way OF sayiN
that IN the opinion - men who ars y
furnish the money 10 carry out the -,
Wp,eo contract. " Mr. Mcdonald shesa
die before u IN completed Il would meza
loss to them Of s2.9ooo.
There is no sentiment about a. WhM
Mr.. Belmont first suggested the ijes y
the other men who mako up the saewef
Construction Company. he said he "a
prepared 20 take the risk himself 70 CO.
the insurance companies refused ~
Mcdonald IL a years old. and there "a
some doubt ab0u, the Insurance cQinisa>
taking 40 large a risk on man Of his -
one u the remarkable things about ~
is rlss Il that Il was placed through =
" Quigg. who Is the general assent -
Rhode Island q ths New fofs LIE ~
surancs Company.
A W Qulgg IL the brother - fnfms
Congreaaman Lemuel Ely QuiEg s"fna
Agent Quigg's rivals IN Frusideacs -
IN New York are Of the opinion fhsf
hand % Senator Piatt can b. deseclsl
the selection 81 A. W. QulEg 70 handle ~
biggest NE risk ever known Tbs sse1'
commission q an enormous one
when the insufing ~ Nj. heDaha's
80 large a sum VAS first hfOAfhfss
course the frat consideration was
McDnnalds health According % 'hss
anco statistics, he IL expected 20 81
about sixteen years more
-Four prominent physlcians n veg ~
made "a thorough examination q
Mcdonald. singiy and then ~ sph's
ton % was "A very severe ply skAl
as bentted the occasion, Their
shows that Mr. Mcdonald 4 whAs
Insurance men call fine TisS
Having made sure that bia jas
condition WAS much better than = -
in men Of his age. distinsaisnfti $50, ~
was at work with statistics 20 fs.1s y.
20 a minute or thsrenb0u's now ~
Mcdonald could be expected 70 ~
the ordinary course II eyents,
course having promised "a saAe I" ~ &
should be- paid Ia premiums -
These preiiuiinaFies having ofss
tied tn the satisfaction u cTery i''a,.
W Quigg hurried from Providence y z =
York. whore be met Ar Belsnpnt ~
Mcdonald BY appointment Mr.. $3.50 .sss.< Z
being a business man above 80 - \
and realizing that Il war an sxsss 49,. 4
risk. demanded q discount Tor ins "a =
sale insurance But IL took otsg z
minutes 90 settle everything bcRNs~
Belmont and Mr. Qgigg, s..s
II will take a good deal more IT, . &
that before MIR Belmont. ~ prssae- ~
the subway Construction Compah1.
place the policies IN bis safe.
course the company IL the oefsss'ss 80. H.
the policies. They cannot reach nin y, ~ " /
April /. By that tirne Mi aeDs''a ...t
be an object Of solicitude on ine
the insurance companies.