, 1935-07-28
$662,OOO Paid
Out In Valley
In Insurance
Especial 70 The HeraIdl

Especial 70 The Heraldl
HARLINGEN, July 27.-Life in
urance companies Of the United
states rivalled the New Deal In
spending during 1884 by paying out
5ver three billion dollars TO policy
holders and beneficiaries. The VAL
.ry's share was $662, 900, according
% figures given The Herald by the
Western Reserve office IN Har-
lngen.
The exact total paid out by COM
panies in 1884 was $3,lOl SIS. $50,
according to q copy Of The National
underwater. insurance trade mag
.azine, received by Western Reserve
or this huge amount, the death
Claims, matured endowments, an.
nuities, disability and additional
accidental death benefits totaled
81, 1856 2I5, 1894. The payment OF pre-
MUM savings and cash surrender
values amounted to $l,715,3lO.536.
Although the total paid TO policy
holders in 1884 was less than y
year before. the condition reflects
a stronger and more stable position
on the part OF both the companies
and policyholders. the magazine as
settS. The depression tested the
companies ability TO pay, not only
the huge sum ordinarily paid In
death benefits. but to meet the de-
n.ands OF financially distressed pol
icyholders who were forced 70 ian
hack on their life insurance re-
serves. There was a marked growth
in payments TO living polcynoloers.
The demand Of policyholders tor
cash and surrender values has
subsidized and policyholders are
again building up their reserves.
There we're four persons leaving
81 100000 OF more In 1884, Is who
.eft policies valued from 100000 70
10000 900, % with policies ranging
nom s250!OO0 to 100000, 100 with
policies from 100000 to S25O.NOO
and asa persons with policies rang
ing from $4,000 to 100000.
The largest individual policy
holder To die was Percy A Rock
teller whose policies totalled So
l24,773. The largest benefit palo N
Texas was $500 900 on policies held
by Lloyd H. Mckee Of Fl. Worth.
Brownsville led the Valley towns
with total benefits received OF $2lO.-
'cO. San Benito was second with
10000. Harrington third with Sl02.-
90. McAlen fourth with $1,000.
.gthers had the following totals;
Mercedes 5000, Rio Grande 49,
600. RaymondviIle $1,000, La sara
$4,000.
Death claims only paid in the
x5oIioy uvara as follows. BROWNSVILLE
$1,000 to SIS. 900 policiesCJasper
G Fountain and one name not
rIven. 5000 to $4,000 policies
Revilla d. Howard. $4,000 70 So.VOo
Mary NJ. Brown, Joseph La koW-
alski. Ricardo Ramirez. Emmette K
Goodrich. one claim, S2,l93. Two
$1,000 claims. Sixty-four industrial
Insurance claims totalling $3.50:
Harrington - Merchant, $4,000.
S12 600 To SIS, OO0-Max NeZenzahl.
one claim $4,000. One claim $1,000.
NcAllen-s5.OOO to 5000: Samuel
!. Young and William E. Davies.
$1,000 to S., O0O-Charles ]. Vollmer.
enc name not given. Two S2,OO
claims. One $1,000 claim.
Raymondville-S8,00 900 70 S12,0OO-
Richard s. Dorset. one claim. $1,000.
Rio Grande-$l5.0 900 TO 10000
Vicente Guerrero. Two $1,000 claims.
San Benito@sl5,0 900 to $1,000
Allen r. Etchison. $4,000 TO Sl5.OOO
William @. Bachman. 5000 70
sf2.O1O-Leonard w. Humble. and
two names not given. Retired s7.l46.
$4,000 TO SIS. O0O-Lyle A. BaSsett.
one claim $1,000.
Roma-$12.OO0 to sl5.000-Pablo
Ramirez.