Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-07-20
s15,46,0lD PAID
OND.C. INSURANCE
Policyholders and Bene.
fIciaries Receive Huge
Total During 1888.
BY EDWARD c. STONE.


District ~ Columbia poiicyholderE
and benenciariss were paid i5.405. 10C
by life insurance companies in 1893
according 10 the specisl life pay
FY1ents" number OF the National Under
writer. weekly insurance newspaper
Washington ranked twelfth among ali
cities in the country The largest in
diNdual payment was S245 900. but
the name WaE withheld. Other large
payments we're Harry NJ O'Brien.
ssi 600: Sol Herzog. $50 900. David T.
Cummtn6 s42.50o, and william N
Doak. former Secretary Of Labor.
e34 900
Washington moved up from eieh-
tenth to twelfth place with 50 $780,
600 gain. Toronto ranked thirteenth,
advancing from seventeenth In 1892.
with a SIS .2s6 600 total or a gain of
nearly $4,000 600 Baltimore came
fourteenth. with SIS ,i29 900. a 81. 900, =
900 decrease San Francisco moved up
from nineteenth To fifteenth place.
with ti4s4l 900, or q gain Of over
$4,000 600
Policyholders and beneficiaries in
the United States and Canada receiv-
ed s3.465. PA 1877 in payments from
life insurance companies in 1888. OF
this large amount death claims.
matured endowments. annuities and
additional accidental death benefits
totAied Si,4lI,1879l4. compared TO
81 ,46e. AL ,03s in 1882. Payments for
premium savings and cash surrender
values amounted TO s2.054 .036 .273 last
year. compared 70 $208s ,426, 843 in
1892.
Largest Individual Claims.
The largest individual death claim
in 1888 was on the life of John @.
Bullock, Los Angeles merchant, who
left 81 500, 325 insurance. The second
largest amount was 81 $50 500. left by
Joseph w. Bettendorf Davenport.
Iowa. railway car manufacturer, John
d. Ryan, New York copper magnate
and head Of the War Departments Air.
craft Division in the World War, left
&i,Sl0,000 insurance. Harry E. Pence,
Dayton, Ohio. and Minneapolis cap
italist and automobile distributor had
Sa4l ,S07 insurance. George Lytton,
Chicago merchant, left $4,000, and
George Wits. aluminium manufacturer
and Republican national committee
man OF Manitowoc, Wis, left 1918 900.
A. M Chisholm, Duluth iron ore man,
left ssl5,500 insurance. william Z.
Eddins, Hattiesburg, Miss, had $8l5,-
900, and Alva G. Surber. Muncie, Ind,
physician, $7lS.s25. Herbert N. Strauss,
New York City merchant and brother
of Ambassador Jesse Isidor Strauss
left s650,000 life insurance.
Other large policyholders who died
In 1898 we're: John P. Kolla, Holland
Mich. with $625. 900; Harry McLach-
Ian. Danbury, Conn, $685. 900; Mer-
rill B. King. Kalamazoo, Mich, S497, .
900: william P. Beeber, Williamsport,
Pa, $485 900: William A. Sharp, Read
ing. Pa. $4,000; Harry E. McLain,
Pittsburgh. S462. 1888: B. r. Richard
son. Spring Lake. N, j., SASS 900;
Frank Finsthwait, New Rochelle,
N. Y, s3e0,766, and william B. Frear.
Troy. N. Y. $S66,9l0.
Among other prominent persons
who died in 1888 leaving substantial
sums OF life insurance we're: Franklin
b. Mead, Fort Wayne. Ind, vice presi-
dent of the Lincoln National Life and
president of the American Institute
of Actuaries, $3.50. 104; Ring Lardner,
East Hampton, N. Y, author and
newspaper man, $250,0oo; Erwin r.
Brigham, Chicago and Glencoe, H.,
former president Of the North Amer
lean Car Co., $l79,500.
The outstanding woman policy
holder who died In 1888 was Texas
ouinan, New York, night club hostess,
with s25o,ooo.
Trading on Local Exchange.
Capital Traction stock was of
slightly on the Washington Stock Ex-
change today, the opening sale OF 10
shares taking place at 22% followed
by sale of IL shares at 22iR.
Potomac Electric Power 5i2 per
cent preferred again was strong, small
lots changing hands at ll3A. Wash
ington Railway & Electric preferred
again sold above par. The stock
opened at s97s and advanced to 100 Is
and then to 1904.
National Union Fire Insurance Co.
stock appeared on the board today
for the first time In several moons
Two sales, totaling % shares, were
reported at 9.
The only bond sale was in Wash
ington Gas Light SIS, 1858, $500 NOV
ing at 100, about 2 points above the
last sale. Bids on other issues were
practically unchanged as the weeks
trading drew TO close.
Directors of the Potomac Electric
Power Co. have declared the usual
$l.37l2 quarterly dividend on the So
per cent preferred stock and the usual
quarterly dividend of 81 so per share
on the 6 per cent preferred stock. Both
disbursements are TO be made August
! to shareholders of record July 90.
II was reported in the financial dis
trict today that good many of the
$50 100000 Baltimore e. Ohio Ave
year secured notes are being taken
here and by some of the smaller banks
in this territory.