Show HEAVY LIFE INSURANCE Frank Peavey Who Died in Chicago Yesterday Was Insured for 51378000 D0L I Chicago Dec 30 Frank H Peavcgr one of the bestknown grain men In the country died here today of pneumonia pneu-monia aged 51 years and 1 months Mr Peavey was credited with being the largest owner grain elevators In the country If not In the world The sign PV was a familiar one on grain warehouses throughout the grainpro duclnS States In the West and Northwest North-west along the linesof the railroads At railroad terminal points he had large holdings his Interests In Chicago Chica-go being particularly heavy His name for years has been potent on the boards of trade here and In the North weest The body will be taken to Minneapolis Min-neapolis tonight The total amount of Mr Peaveys insurance was 137GOOO The miillondOllai policy was payable to himself or his heirs but Its purpose was the furnlsjlng of ready capital for the business in case of hla death |