The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-03
$646,55O,OOO OF LIFE
INSURANCE IN 1913
Figures for United States and
Canada Last Year Are
Made Public.
BIG AMOUNTS IN NEW YORK
Largest Death Claim Was $685.
838 to Heirs of Albert F.
Holden Of Cleveland.

\ Life insurance organizations of the
United States and Canada paid out TO
policyholders last year 364s.550. 900. ac-
cording to the Insurance Press Of New
York. New York city. under which
classification are included Manhattan,
Brooklyn and The Bronx, received sa2-
004.250 Of II, while there were scattering
hundreds Of thousands In Richmond and
Queens.
The largest death claim paid in the
United States during the year was
ssls,sss on the life Of Albert r. Holden
one time captain Of the Harvard football
eleven. mining engineer. who died In a
suburb OF Cleveland. The second was
that Of Ellington Sanders Walker, Jr,
OF Macon Ga. the banker who made a
plucky fight for life after taking n bi.
chloride of mercury tablet by mistake
He had s236.33i In life policies
Thereafter New York city came with a
long list Of men above 100000 Isaac
A. Mekiel had an insurance of s230, 900
Samson Fried had s2o9.519 and Thomas
A. Sperry. $4,000. He IL classified as
New Jerseyman. but was member OF
Sperry a Hutchinson. the trading stamr
firm In New York city.
Edward L. Montgomery Of Brooklyn
had policies agsregating s15442S; c. r
Chamberlain. s145.500: L. Bossert O,
Brooklyn. who left a large fortune, had
$4,000 In life insurance policies: WIN.
lam F. Havemever. s126.020; Frederick
w. Devoe. S121.930. Charles r. Naething
the baker. 100000. Washington Lee
Jacques. 100000. and J. A. Mofrett
100000. The largest policy on the III,
OF woman was for 1927 mo. on that Of
Florence w. MacCarthy Of Baltimore.
The statisttcians Analysing the figure.
declare that the general condition OF bust
ness was indicated in the record OF policy
loans The amount Of the increase OF out
standing loans at the close OF the yea,
was s63.725.0 900. "a against an increase o
s43.e4,000 for 1912. a difference of nearl,
s2o.O0o.000. In recent years the effort,
of life insurance officials have been d.
rected toward discouraging such loans
Since 1906 the review OF the distribution
or life Insurance money has mentioned
the application for loans on policies n,
indications OF the fluctuations OF bushes,
conditions. The disturbance OF genera
business caused the Increase OF polio,
loans In 1907. and the adverse bushes!
conditions OF 1913 We're indicated by tn,
increase In 1913, according TO the report
The record of the PAYMENTS for dealt
claims and matured endowments last YEA
by the companies that had 95 per cent
OF the business showed an increase 20 IN,
amount OF $3.50. 600. comnared With s14
$4,000 Increase for 1912. Dividing tn
Increase II was noted that SO 730. 600 o
the Increase for the year went to dealt
claims, while ~ 500 600 went for endow
ments. In many cases Of death claim
| accidents were cited notably automobile
accidents
The distribution OF premium saving
sarrnnapnc1y g,.tIo l,sp a.
says amounted 10 more than s101, 200 90
| for 1913 for all the companies In tn
! United states Compared with 1912 IN
record showed an increase OF $4,000, 0OC