Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1909-11-06
WOMAN INSURED
FOR A MILLION
She Is Head Of a Big Business
In Chicago.
LATEST POLICY FOR 100000
Only One Other Woman, Late Mrs. Le-
land Stanford, Carried Insurance For
Like Amount--other Payers Of Big
Premiums.

land Stanford, Carried insurance For
Like Amount--other Payers Of Big
Premiums.
By taking out life insurance policy
for 100000 Mrs. Charles Netcher.
owner Of big Chicago department
store, has become the most heavily in
sured woman In the world.
The grand total of all Mrs. Netcher's
policies is now $1,000.OO0. AS far as
is known, this is the most life insur-
ance carried by any woman. The late
Mrs. Leland Stanford's line of insur-
ance was like amount.
The additional 100000 of Mrs.
Netcher was placed by the Chicago
manager of one of the big New York
companies. Having already insured
Mrs. Netcher In his company for its
individual limit on a feminine risk, he
was authorized to handle the addition
al for another company, and this COM
pany has taken the entire amount
Mrs. Netcher stated that she was
taking out the additional insurance to
protect her large business interests.
She is following in the footsteps of her
late husband in taking out heavy life
insurance. When he decided to erect
big building in 1904 Mr.. Netcher took
out policies aggregating 100000, so
that the extensive plans might not
be interfered with. lie died in June
OF the same year.
First Policy For 100000.
In October Of 1904 Mrs. Netcher, hav-
ing taken up the business, contracted
for insurance aggregating 100000 in
four of the large eastern companies.
Since then she had increased her line
100000, and her last addition brings
the total to an even $1,0OO,00O.
Before taking out her first policy
Mrs. Netcher studied the life insurance
proposition for some time and had her
own ideas as to just what sort of
policy she desired. She discussed the
matter for some time with the repre-
sentatives of the company, and finally
an agreement was reached satisfac-
tory to herself and the companies.
Just what yearly premiums she pays
on her policies the companies decline
TO state, but it is understood that her
rate is higher than that paid by Mr.
Netcher. The annual premium, which
he paid only once on his 100000, was
5000.
Mrs. Netcher's business acumen has
been shown in her successful manage
ment of affairs since her husbands
death.
Other Women With High Insurance.
Miss Helen Gould. after Mrs. Netch-
er, is said to be the heaviest insured
woman in the country, her policies
reaching above the 100000 mark.
A number of Chicago women carry
heavy insurance policies, the list in
Guiding Mrs. Francis Carolan and Mrs.
+. o. Lowden, daughters of the late
George NJ. Pullman; Mrs. Maldwin
DrummOnd, formerly Mrs. Marshall
wife of the banker. Their aggregate
policies are as follows:
Mrs. Francis Carolan, $250,000; Mrs.
f. o. Lowden, $2500O0; Mrs. A. J.
Graham, 100000; Mrs. Maldwin Drum
mond, 100000.
A number % women Of the Euro
pean nobility carry large lines of in
surance to protect their interests where
estates are entailed; but, as far as is
known, none of these approaches Mrs.
Netcher as far as aggregate insurance
is concerned.