Julius D. Erat Heavily Insured

by Laurel | January 28th, 2014

28 January 1922

Policies of Missing Mount Tom man Aggregated $37,000, His Sister Says — No Light on Mystery

Holyoke, January 24 — Insurance carried by Julius D. Erat of Mount Tom, who has been missing since the automobile he was driving crashed into the second level canal wall near Sargeant Street Friday night, will total $87,000. Miss Erat, the missing man’s sister, tonight stated that she had turned over a list of the policies held by her brother to the local police, and that she thought that these policies most of which she said were issued for $10,000, would aggregate $37,000. This statement came from Miss Erat following the statement of Capt. Peter A. Cullen this evening that no information had been received from the Erat family other than that Adolph Erat would call the police station tomorrow.

Miss Erat tonight said, when asked if the family had found any further developments in the case, that everyone in the Erat household was about “sick” over the disappearance of Julius. She said that her brother Adolph would call at the police station tomorrow if he could. She said there was nothing new in the case as far as the family could learn.

Capt. Cullen tomorrow will confer with a Springfield insurance agent who will have with him a full list of the policies held by Erat.

No New Developments in Connection With Mt. Tom Man’s Disappearance

Holyoke, January 25 — Tonight saw no new developments in the case of Julius D. Erat of Mount Tom who has been missing since his automobile was found jammed against the fence of the second level canal on Sargeant Street last Friday night. The amount of insurance carried by Ernst was $40,000, in four double indemnity policies, one policy at face value of $5,000, one at $1500, and one at $1000, making $47,500 in all. In case of accidental death this would amount to $87,500 under the double indemnity clause.

Adapted from The Springfield Republican.

Note:  The value of $87,500 in 1922 converted to 2014 dollars ranges from $950,000 at the low end to millions — depending on the type of assessment. You can check out the Measuring Worth calculators here.

Adapted from The Springfield Republican.

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