The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-15
MACHEN'S LIVING
WORTH S1,OOO,OQO
FlNANClERS FIGURE THAT HIS
DEATH WOULD INJURE THEIR
INVESTMENT THAT AMOUNT
Brunswick's Able Railroad Builder the
Pierpont Morgan of the South
How He is Regarded.

In connection with the story below
given published in yesterdays Atlanta
Constitution, there is local end
connected with the effort to place an
insurance policy for one million dol.
lars on the life of Col e. c. Machen.
1t happened last winter while Col.
Machen was here and on Jekyl and
News reporter who was present then
learned the value fnanciers in Wall
street plac on Col. Machen's health
and continued life.
1t seems that when the Wall street
magnates were called upon to iinan.
cier the B. & b. railroad they inquired
judiciousy into the prime mover of
that enterprise and soon learned what
everyone here knows tAat Col. Ma.
chen was the moving spirit in its ov.
cry workings. The fnancIers rea7
lied tnat if Col Machen died the en-.
terprise would be injured and they
very promptly demanded as a part of
the deal that they be allowed to in
sure his life for ono million dollars.
the amount estimated they would be
financially damaged if he died. Col.
Machen was simply to submit to
ngid examination here ana later in
New York, the hnanciers to pay an
the expenses of the policy, premiums
etc
Col Machen readily consented and
he wah put through severe test
Evidently the fact that his attacl, of
illness here told against hIm as the
Constitution states that the applfca.
ton was declined
However The News has it from an
absolutely reliable source tnat the f.
nanciers, after hearing from the med
ical experts. themselves decided to
back the enterprise on the strength Of
Col. Machen's prospects for hvine and
it is due to his being such a "Iive"
subject that the millions are now be-
hind the b. & &. and pushing IL On.
ward.
ale Constitution refers to the mil
lion dollar policy and Col. Machen as
follows:
Atlanta railway men viii be inter
ested to learn that the story recently
circulated in insurance circles con.
eerning the hard luck of an Atlanta
special agent who wrote a northern
millionaire at Jeltyl island for a pol
icy of Sl,000000 and had the apDlf.
cation decnned concerns man who
has been quite prominent i railway
affairs in Georgia.
The applicant for the million dol
lar policy was none other taan Col. z.
G. Machen the j. P Morgan Of south
ern railway operations, whose con
nection with the Brunswick and Bir-
mingham has been so prominent
The Brunswick and birmingham
has held prominent place in the pub |
nc attention ever since it was first ex-
plotted and as the actual work Of |
construction mas progressed the inter |
est Of the people living along the pro
posed route of the line has greatly in |
creased. The energy and genius of |
Col Machen have been among the
main factors in the success Of this
enterprise and those who are acquaint-
ed vita the affairs of the road believe |
that the appncation of Mr.. Machen
for this large amount OF life insur-
ance rs proof that the people who are
putting up the money for the con
fully appreciate mis- worth TO
them and are not willin to run the
FISK OF the loss that would probably
tall to them should his demise occur
before the road is put through to Bf-
mingham