Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-02-24
$l,000,0O0 Policy
on CoSden'S LITE
Continued from Page One.)

COMPANY has a business career that
reads like n romance. a few years
ago he organized a small oil refinery
at Bigheart, which, through his bus
mess acumen, has grown into the
present enterprises, capitalized at
better than s12.O00,000 -
Realizing that the company had at
its head one of the most capable
business men in the country officials
of Cosden n Co. took steps to pro-
tect the company should j. s. Cos
den die. Negotiations were begun TO
insure his life for the benefit of the
company for Sl.000,000 and these ne
gotiations have just been concluded
with the issuing of the various poll
icios.
Yet Young Man.
only 81 years old and just in the
prime of his life, Cosden presented an
excellent risk and the issuing of this
insurance insureS the stockholders OF
financial protection should this guild
ing spirit of this big enterprise sud
denly die.
In carving this insurance J. S. Cos
den is placed in the class of thirty
or forty of the biggest insured men
in the United States. This form Of
insurance, known as Commercial
life risks" is something that has
sprung mp in the past few years.
There are now about % similar risks
carrying s1,000,000 or more. all made
PAYABLE to business corporations or
partnerships. Tom ShcNln, the
great football player. who recently
died is an example of this He
carried Sl,0OO,000. payable to his bus
mess partners. While great athlete
and only 80 years old he died, after
paying one years premium. and the
removal of his activities from his
firm did not impair the financial
standing of his company.
Notaitc Example.
Rodman Wanamaker carries
si,000,000 insurance for the benefit
of the Wanamaker business enter
prisos and stores. He is undoubtedly
the most heavily insured man in the
world. In addition the Wanamaker
firm carries $500, 600 on the lives of
ten employees. Rodman Wanamaker's
father. John Wanamaker, formerly
carried several million dollars in bus
mess insurance, but "A large amount
has matured and has been paid. His
business insurance today is estimated
at Sl,50O 900. The amount of their
personal life insurance in addition
could not be ascertaned.
Next TO Rodman Wanamaker is the
business insurance carried by Snellen-
burg g. co. on the lives of its officers.
which amounts to $3,5O0.O00 Harry
L. Selfridge. formerly of Marshall
Fled & Co. Chicago, now the
American head of London's largest
department store, carries $500 900
business insurance for the benefit of
the firm. Other business individ-
uals and firms which carry insurance
for the benefit of their business
amounting to S1,000,000 and more
are the following:
John n. WHY'S of the WHY'S
Overland company ..... 81, 500, 600
II. NJ. Byllesby. New York. ,50O,0 600
George Il. Nicholson, Kan. 100000
Gimbel Brothers, New York
and Philadelphia ....... 100000
Simmons Hardware company
...................... 1000, 600
r. II. Pevy & Co.. Mime
apolis .............. 1000, 600
Arthur :. Ford president. 100000
j. G. White of ]. G. White q
Co. .............. 1000. 600
Lit Brothers. Philadelphia. 100000
A. b. Johnston. New York. 100000
Mrs. Charles Netcher, Chi
cago .................. 100000
Large Risks
There are a number of business
concerns which carry insurance of
Srom 100000 to 100000. Among
me large personal life risks are those
of James G. Colgate, $500, 900:
August Belmont. 100000; Allen
Avan. 100000: T. r. Thomas, ST.
oO0. 000: II. y. Dawson of j. p. Nor
gan & Co. $500. 900, and Gugliolmo
Marconi 100000.
None of the insurance companies
today viii accept more than $780,
600 on any one life risk A large
part of the largest policies must he
re-insurod and divided among a num-
Der of companies. There are now
222 life insurance companies in the
country.
SEEK NMICA ABLE SETTLEMENT. T.