The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-03-14
A NEW DEPARTURE.
Important Changes in Insurance
and Banking Circles.

Shainwald, Buckbee & Co. have been very
busy for the past three weeks to bring about
certain important changes,
The Mutual Life Insurance Company of
New York City, of which Mr. a. b. Forbes
is and has been General Agent for the past
twenty-five years, have shown their con-
fidence in the Pacific Coast, and San Fran
cisco in particular. by purchasing one of the
most elegant aud costly corners in the city,
on which they propose to erect, as soon as
the tenants now occupying the building can
move, building that will be credit and
an ornament to the city. Mr.. Richard A.
McCurdy, the President Of the Mutual Life
Insurance Company, telegraphed yesterday
as fellows to MIR. William Babcock, who is
the resident Trustee of the company, and
who has been its representa- tive in these
purchases:
Ii is our intention to erect on the 10. which you
are about 10 purchase tile BandSomest building
IN the Slate OF California, and we trust you Will
be successful in your efforts to secure The neces-
sary room.
The lot to which reference is made is stu
ated on the southeast corner of California
and Sansome streets. Size 40 feet OIL Cali
fornia street by so feet on Salsome, with
an l. of about 10 feet. The plans have not
been quite completed, but are being made
be on exhibition at the present offices OF the
company.
The company are doing so extensive a
business, and one that is so constantly
growing, that they consider it due their pa
irons in California and on the Pacific Coast
to create home office, and San Francisco
has reason TO feel proud of the interest man.
ifeSted by these people,
Now that the Mutual Life Insurance CON-
pany has made the beginning, as it is the
largest company OF its kind in the United
States, or Tor that matter III the world, there
IS reason to believe that others viii soon
follow its example.
Fortunately Tor the Insurance company,
the Bank OF British Columbia, who own the
building they now occupy, and which they
S0ld 10 the insurance company, ind their
quarters entirely too small for their growing
business, and Notwithstanding the fact that
they have within the past six months eX-
pended over 5000 on the interior of their
Office to give them more room, they we're
lust seeking larger quarters. their clerks
being crowded almost elbow to elbow in
their present room.
ShaInwald, Buckbee Sc Co., who con-
Quoted the entire negotiations, succeeded in
obtaining for them on the payment of large
bonus the building on the southeast corner
OF SanSone and Bush streets, now occupied
by Kahn Bros, Bine 81 Co., the ground
floor and basement of which will be con-
verted at once for banking purposes, the
space on the banking floor being exactly
double the size of their old quarters. They
propose expanding u very large sum Of
money on the 0rnamentation and arrange
mcnt OF the interior of this office, and to
make 1t one OF the most artistic banking
rooms in the city.
The upper portion, consisting of three
floors, Will at the same time be converted
into office-r0oms Kahn Bros, Bine & Co.
have secured the entire building and IL
Sans0me street, which they Will move into
shortly