El Paso herald. (El Paso, Tex.) 1901-1931, 1915-06-12

JEW YORK June 12.-Distribd-
M lions by life insurance organiza-
= lions in the United states ana
Canada amounted TO $685. lOoiUVU "a
1914, as computed by the 1nSuIe-l l-
Press The amount was InS led6SS-
on record, exceeding by S4V,l9UsvVo ~ C.S
amount Of the distributions IN 4s4S'
Under tie policies Of the level pr i, ~ ~
companies and the cert1tlcaIes OF ~
insurance organizations on the asss -
ment basis. the payments IN the w
countries for death claims matute4
endowments and other benefits amount
ed to 1888, 050, 600. For premium saw
inEs for the cash values OF pollcles
that were surrendered, for annulues,
and to the beneficiaries under pohctcs
issued in foreign countries the regular
companies of the United States an
Canada paid amounts, estimated IN part
that regated SZ53, $50. OOO-
Death Claims and EndOWments'
The record of the payments for dean
claims and matured endoWments lasS
year by the companies that TRANSACTED
90 percent of the business showed ia
crease to the amount OF S1t,fbviOVu,
compared with increases TO the amour
% $780, 0C in 1913, Sl4,SSO.OOO IN 1871
and $13 4S0, 600 In 1911 Analysis
showed about s11.100 geo for increase OF
death claims and s6,660,000 for increase
Of endowment payments, compare
with $3.50. 600 for increase OF dean
claims and 81. SOC, 900 for increase OF en-
dcWments in 1913 In 1912 similar
division save an increase Of S9,190,O0O
for death claims and an increase OF
$500 600 for endOwments; 1911, W.
40. 900 for increase Of death claims ana
$4,000 70 rincrease Of endowments-
Premium Savings Above S1OO,OOOY0Oo
The factors in the preparation OF the
account that provides for the olstrlou-
ton of premium savings, termed 'olFl-
deuds" generally and enormously ara
the earnings on the invested 1unos, the
mortality experience. whether favor
able or unfavorable. and the economy
OF management All Of the 1acIors
were favorable for policyholders last
year, and the distributions OF premium
savings amounted to more than S1vS'-
zoo, 600 for all Of the companies OF tue
The policy loan accounts Of the com
panies that had at the end Of the year
q total of 1857 16S. 900 outstanding
showed an increase Of S64,e54. IVY. con,
pared with an increase Of sos, 4z5sOJJ
The Increase for 1914 was the largest
since 1907. when the increase amounte1
I1rEest Claim In Years Record.
The largest claim paid last year was
on the policy that had been helo oy
George ". Vanderbilt, whose policy
issued it reinsured $4,000 Of the face
amount Within an hour after the
presentation Of the proofs Of death a
check for S1O00,GO0 to the order OF
signed and delivered
Mr. Vanderbilt carried the policy on
the twenty-payment life plan Il years {
During that period he paid premiums /
to the amount Of $685.. 0O0-
Other Big Policies
Besides this policy others for 4
over 100000 paid during the
year were as follows:
Gustav Baumann,
New York City .--------.-.-&5 I5,Il4
Isaac Weingart. New York City. $4,000
Benno Neuberger,
New York City $50. 900 1
F. Augustus Heinzes
New York City 5SO.0YO
George A Cox, Toronto. Can. 526,26p 4
Melville E. ingalls,,
Washington, d. C.-...---.... 6l6slSs /
Joseph 7. Carew, Cincinnati. $4,000 i
Charles S Barton,
Worcester, Mass 265,0eO !!
Albert H Veeder, Chicago, H.. $4,000 4
Herbert S. Rosembaum,
Pittsburgh, Pa......---..-.... 2SS, 4SS I
Burt Olney, Rome, n A-.--... 1851 ]
Robert c. Hall. Pittsburgh Pa 215,5Sz 4
Albert c HOughton,
North Adams. Mass ..---.--. 2O6,1Zl
William NJ Mckenzie,
Atlanta. Ga ------.-.-..--. -V4'oYu
John c. Kimmel,
Midlothian, Tex 100000
Other Big Losses.
Sixty-one policies for amounts rang
ing between 100000 and 100000 were
paid during the year. two Of them pc
ing paid out in Texas, one for S170,237.
on the life OF former mayor ThOs. 3.
Jones, OF San Antonio, and one for
Sis. 500 upon the life Of William Weiss.
OF Beaumont, Tex
single oplicy paid out in Texas during
the year.
The largest policy paid out in Ari-
iona went to NOgales, and was upon the
life Of Chas. r Williams. for S15,0Op.
The largest pOkcy paid in New Mexi-
CO was for $22,500 and was paid in