Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
In the autumn of 1834 his death was represented as having occurred
under peculiar circumstances at an English watering-place, and after
a very full investigation, with the depositions of ten witnesses,
who swore to their belief of his having been drowned, and of four
additional, who proved his identity, the insurance offices agreed to
pay the sum in the policies, under the stipulation that the money was
to be repaid if it should be discovered that he was alive.
Two years after his death was alleged to have happened, it was rumoured
that he had been seen, and it soon became a matter of notoriety that
he had visited his native place and had made himself known to one
or two of his personal friends. The facts were not denied, and the
various sums were repaid to the offices under the obligations granted
by the parties who had received the money; but the offices allowed the
surrender values of the policies as at the time of their being brought
to an end.
* * * * *
At Berlin, on 24th November, 1848, the funeral ceremonial of the
Catholic Church, amid a numerous circle of weeping friends and
relatives, was performed over the remains of one Franz Thomatscheck,
who, however, had taken care to insure his life, both in London and
in Copenhagen; and who, strange as it may seem, was, in disguise, and
impelled by a strange curiosity, watching the progress of his own
funeral. On 29th September following, the public prosecutor, the police
authorities, and the priest of the Catholic congregation, might be seen
standing over the grave to superintend the disinterment of the coffin,
the contents of which, when opened, proved to be heavy stones, rotten
straw, and an old board.
A surgeon had been bribed to attest the death; his brother had aided
him in effecting his escape; his disconsolate widow had followed the
departed; but the Austrian police, assisted by the telegraph, had
thwarted all these movements by consigning the perpetrators of the
fraud to the tender mercies of the justice they had violated.
* * * * *
In the eighteenth century a company was established, the chief feature
in which was the omission of the clause which renders the policy void
in the event of suicide. A man went and insured his life, securing the
privilege of a free-dying Englishman, and then took the insurers to
dine at a tavern to meet several other persons. After dinner he said to
the underwriters, “Gentlemen, it is fit you should be acquainted with
the company. These honest men are tradesmen, to whom I was in debt,
without any means of paying but by your assistance, and now I am your
humble servant.” He pulled out a pistol and shot himself.
* * * * *
That the clause which makes the policies of suicides void is not
unnecessary, the following is an additional testimony:--
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account