New-York tribune., 1901-12-31
DEATH OF FRANK II. PEAVEY.
MINNEAPOLIS GRAIN ELEVATOR MAN CAR
RIED OFF BY PNEUMONIA

Chicago. Dec. 30-Frank II. Peavey. one Of the
best known grain men in the country. died here
to-day from pneumonia, aged ffty-one years and
eleven months Mr., Peavey came to Chicago from
his home in Minneapolis nearly two weeks ago on
a business trip He in his usual perfect
health. but December % he contracted cold
and that night took 10 his bed in the Auditorium
Annex. The cold quickly developed into pneumonia
and the patients friends and relatives in
formed. although 1t was expected that he would
recover. Yesterday il believed that Mr.
Peavey had successfully passed the crisis of his
illness. and up TO midnight information from his
bedside was OF an encouraging character. At that
hour. however the patients breathing became
more dif}cult and his heart action weaker. A hur-
ried consultation of physicians followed and every
thing known TO science TO combat the naiady was
done but $50 o'clock he hreathed his last
Besides the doctors and nurses the following
members Of sir. Peavey's family were present: His
wife; his son. George W. Peavey; his daughters.
Mrs H p. Wells and Mrs. F. T. Herelfnger his
mother; "a a sister M and F. F. Pesyey. brother; Of Of
through his illness having left sick bed herself
Mr. Peavey was credited with being the largest
owner Of grain elevators in this country # not in
on grain warehoases throughout the grain produc
ing States OF the West and Northwest along the
had large holdings his interests in Chicago being
prominent on the boards or trade here and in the
The body will be taken 70 Minneapolis tonight
Plans for the funeral will be made later.
Minneapolis. Dec 3o-Frank H. Peavey. the
elevator man who died in Chicago to-day
carried among other insurance policies one
for 100000 in a New-York company The
policy was taken out three years ago for the
benefit Of the Peavey company. The total amount
or Mr.. Peaveys insurance was S,S7G0O0. The
heirs. but its purpose was TIE furnishing Of ready
capital for the business In case OF his death
OF Mr.. Peavey. Several yesrs ago he started a
fund for them; and for every dollar deposited by
her 1nl1ar
Frank Hutchinson Peavey was the most
heavily insured person in the United States. In the
Mutual Life Insurance Company of this city. alone
Mr.. Peavey held a policy for 81 100000 Only one
other policy large this has even been issued.
That is a policy for the same amount written by
the samc company. the life Of George w. Van
derbilt, but. the premium Mr.. Vanderbilt's
policy 90 that on this policy SIS $50 and
as MT FeaVey was afeacy carrying S-oopo IN the
Mutual Life IT can be safely asserted that he
ried the largest amount of insurance in one com
pany and paid the largest annual premium
Nir Peavey's policy which was numbered 1o4s.-
g S was applied for for Apr T. lgoo and issued April
application for this largo Insurance. was written nv
Frank Il. Smith, manager of the Minueapoli office
Of the f. " Peet Company. Two annual premiums
have been laid the policy c. J. Smith of the
Mutual Life company who by a Tribune
policy had been distributed omons other companies
thS gr9atSr part was heia m Ey the MUTUAL company
two years Oh ana had lived in Minneapolis seven
teen years re was one or tNe elevator kings OF
that city He began his elevator building in Sioux
CRY. Iowa in 1898. HIS grain storing business was
OF the greatest In the world
Mr.. Peavey not only one Of the richest and
most progressive of the Northwest's business men
but he public spirited citizen with a wide
range of interests. He was member of the
Minneapolis Poard Of Education a director in the
Minneapolis St Paul and Sault Ste Marie Rail-
way, the Indianapolis and St Louis Railway and
the Northwestern National Bank. He was n mem
Der of the Minneapolis Monetary Convention. and
gave important service to the executive COMMITTEES
in securing recent financial legislation some Years
ago he erected, at his own expense. a public IL
hrary in the city OF his birth, and I'm honor OF his
father 1t was called the Albert Peavey Memorial
Building"