The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-25
some BIG POLICIES !;
Many Minneapolitans Garry $780,
900 or More Life Insurance.
THE HEAVIEST NOW is 1915, 900
There Are Thirteen In the List Who
Carry 100000 or Over in
Insurance.

Owing to the recent death of Frank H.
Peavey of Minneapolis, who, with one ex-
ceptiOn, held the largest amount or LIE
insurance ever issued to one man before,
the list of prominent life insurance pa
irons, with amounts insured, recently
issued by the Spectator Publishing COM
pany of New York, is of peculiar interest
at this time. The spectacle of company
paying over a check for a cool million
which was afforded in this city few days
ago when f. Troup of the Mutual Life
handed Mr.. Peavey's benehciaries check
for that amount is one which will be
seldom duplicated. The transaction nat
urally attracted general attention this
way in life insurance circles. 1t is re-
ferred toby insurance men throughout the
! country as striking evidence Of the
value Of life insurance, if only as a pro-
lection to big business interests.
According to the Spectator, the next
highest amount held in Minnesota is the
$275,O0O of insurance entered to the credit
of c. A. Smith of Minneapolis. S. H. Bow
| man is third, with $250,000. Here is the
list of heavy policy holders in Mime
apolis:
6. NJ. Amsden, s1o1,ooo; E. F. Bousheld,
| $125,0O0; S. H. Bowman, $250,000; H. w.
! Brown, 100000; w. r. Gray, $4,000; Henry
Doerr, $4,000; w. G. Edgar, $4,000; H. 3.
| Fletcher, $75,OOO S. c. Gale, $7S, 500; c.. R
Goodrich, $4,000; G. M Harrington, 100000
s. A. Harris, $4,000; w. L. Harris, $15O00O
F. B. Hart, $4,000; Judge M. B. Koon, $780,
900; Samuel Hill, 100000; Dr.. Charles H
| Hunter, $4,000; W. ]. Jennison, $500 Ca
YOUR S. Langdon, $4,000; A. G. Loring, $780,.
900; r. W. Lyman, $4,000; W. M. Miller
$4,000; Clinton Morrison, $4,000; Frank H
Peavey, $1,2os,000; G. T. Piper, $4,000; G
A. Smith, $275,OOO; W. E. Steele, $4,000
Frank B. semple, $4,000; F. G. Van Dusen
$105,oOO; W. D. Washburn, s125,o0O; F. w
Winston, 100000; o. G. Wyman, Sic, 900.
THE ST. PAUL LIsT-Charles w. Ames
$4,000; George A. Archer, $4,000; Georg'
Benz, s1ss,0OO; G. A. Bigelow, 100000; E. H
Cutler, 100000; Alex M. Drake, $40, 900; 10
seph Ellsinger, 500, 900; H. T. Drake, $500,
600; J. Gregg, $4,000; William Hamm, $1S2,
1000; w. A. Hardenberg. s142,7 1853: J. J. Hill
$10O, 900; Arnold Kalman, $4,000; A. H. Lin
deke, $65, 900; Charles S. Miller, 10000; Mat
thew H. Murphy. 100000; D. R. Noyes, $3.50,
900; Ansell Oppenheim, s55 ,Oo0 g. w. Peet
$650OO; w. F. Peet, $4,000; Dennis Ryan
$4,000; Theodore Schultze, $4,000; T. L
Schumacher, $4,000; 7. B. Scott, $10O, 900; B
Schiffman, $4,000; John A. Stees, 900
F. B. Strong, $4,000; John Wann, $4,000
John B. West, SOS, 600.
! DULUTH. G. Hunter $4,000; Edwar
MendenhaH, 100000; Watson S. Moore, $780,
600; Louis Rouchean, $500, 600; George Spen
Ger, $4,000; A. D. Thompson, $4,000; Charlie
A. Towne $5o,ooo J. L. Washburn, $51, 900
A. D. Wolvin, $4,000.
FARIBAULT1B. B. Scheff1eld, $3.50, O00
| ST. CLOUD-N. P. Clarke, $50, 600; Thoma
Foley, $50, 900.
| WINONA-w. H. Laird, s5s,oo0 James I
Norton, $4,000; Matthew G. Norton, S100,
900; V. Simpson, $4,000. rs.
! STILIWATER-E. D. Burlington, So, 900.
The Spectator incidentally published in
terviews from large policy holders, civ
ing their views on the value Of life in
surance. F. H. Peavey replied under dat
Of Oct. II, 1901:
One million, three hundred and eight thou
sand is correct. Do you want further evidenc
as to my belief in life insurance?
| c. A. Smith, believe that every conserva
tive business or professional man shout
carry life insurance for the protection of hi
I family. The history of the period from 49,
to 1895 is the strongest argument which ca
be cited. For peace of mind and the safet
! Of our families or our business, I believe the
such insurance should be paid up as speedil
as possible. Where business depends large
ly on an individual, and where such bushes
is carried on to some extent with borrowe
capital. I believe 1t a good policy to carr
some insurance, the cheapest which can
secured for the benefit of the business, fc
its protection, and that Of the creditors.