St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-15
IN HONOR OF MCCALL.
High Tribute Paid the New
President of the New
York Life.
The Sacred Trust Committed
to President McCalls
Keeping.

Interesting Speeches by
Prominent Men Of the
Twin Cities.
The high appreciation in which Pres
ident John Mccall. of the New York
Life Insurance, is held by the business
men of the Twin Cities was testified
Yesterday afternoon, when a luncheon
was rendered him by Messrs. J. Ii.
Gregory and j. j. Parker. The
luncheon took place at the. Mill
nesota club, and, devoid of all
formality, was of the most enjoyable
character, All walks of business life
were represented, and represented, too,
by the acknowledged leaders therein.
Mr.. Mccall, as is well known, was re-
Gently appointed president of the New
York Life Insurance company, and he
is Just now paying personal visit to
the Northwest TO investigate the CON-
pany'S investments. The citizens or
St Paul and Minneapolis have an I'M
usual interest therein, as the company
Mr. Mccall now controls has $5,000,000
invested in it's two buildings in these
two cities. While Mr. Mccall was
known to many gentlemen present yes
terday, there we're others who met him
- for the first time, and the character OF
the gathering may be thereby better
understood. A short reception was
held in the club rooms, the luncheon
following, the menu being as follows:
Blue Points.
PURGE of Tomatoes and CroutonS
Broiled Fresh Mackerel, Maitre d Hotel.
Hollandaise Potatoes.
Sliced Cucumbers.
Sweetbread Patties and New Green Peas
Russian Punch Cigarettes
uarded Pheasants. Bread Sauce.
Potatoes all Gratin.
Perrer Jouet
Lettuce and Tomatoes.
Camembert Cheese and Crackers.
Small French Coffee.
Liquors and Cigars.
The table decorations were in exquis-
tie taste, consisting of American
Beauties and Jack roses. hyacinths and
SinilaX. A number of speeches were
made at the conclusion Of the lunch, land
general good spirit prevailed.
Merriam Leads.
Gov. Merriam. introducing President
Mccall, said he was man OF rare eX-
ecutive ability. with the experience of
many years. He had accepted the pres
Idency of one Of the greatest-he might
say-savings banks in the worlds his
tory. No man could lave a greater re-
SpOnSibility than Mr.. Mccall had as
sumed There was placed in his keep
ing the savings of thousands Of people,
who put their money into insurance
policies for the purpose of protecting
their families. The people of st. Paul
and Minneapolis had very kindly feel
ing for the New York Life Insurance
company-a company which had ex-
hibited its faith in the prosperity of
these cities by the erection of two mag
ni6cent buildings. [ApplauSe.]
Mccall and the Twins.
President Mccall was cordially
greeted OH rising. That was not, he
supposed, the time nor the place to
refer to the causes which led him to be
president of the New York Life Insur-
ance company. The position came to
him without promise: he was entirely
independent. and whatever be tie re-
suit of the future policy of the company
he was entirely responsible. The gen
tlemen present, who were engaged in
all the pursuits Of life. fully realized
the great interests covered by the in
Rurance business. Take the state of
Minnesota: There was S72.000,000 Of
insurance in force; 500, 100000 we're is
sued last year. This sum involved
premium payment of $1,750,000. The
receipts in twenty years in this state
amounted to S15.0G0.G00. There was also
S56.000,000 Of new fire insurance business
last year. and the total in force was $780,
100000. involving premium income of
S., 100000. If that were all profit the
fire insurance companies would be doing
great business. but, unfortunately for
the companies and the people, too, the
fire insurance losses in Minnesota last
year amounted to 81, 900 on that pre-
MUM income of s., 700.000. This showed
the great interests that the insurance
business involved. Mr.. Mccall turned
his attention to the West, and neceS-
SariIy the cities of st. Paul and Mime
apolis. He could not see what there !
was to prevent these two cities from
becoming one. Applause. Both cit
les had great business interests, and
each was possessed of great ad
vantages. Every team that car
ried a settler further West was
assisting to add to the still further
prosperity of st. Paul and Minneapolis
Both exhibited a good, substantial and
steady growth. and his company had
exhibited faith in their future by invest
ments amounting to $5.000,000. APP
plausel. He did not know OF any state
having better credit today than the
state Of Minnesota. Applause. Mr..
Mccall resumed his seat after thanking
the company tor the cordial reception
given him.
Various gentlemen were then called
upon to speak.
EustIs' RecoIIectiOns.
w. II. Eustis, responding to general
calls, commenced by saying: Il have
very tender recollectiOns of st. Paul
[laughter] and of this immediate vicin-
lty. Renewed laughter. In this local
ity, on one of these four corners, al
ways receive a very warm welcome.
J[Laughter. 1t does not make any diff
ference whether it is O'Clock in the
morning or l Or 9 O'clock in the after
noon" More laughter Mr.. Eustis,
continuing, said Mr.. Mccall struck the
keynote in his reference to the Twin
Cities. If they carried out the pol
icy of the New York Life tn e
time was not far distant when
the two cities would be one. A voice,
between these two cities was the cath
,olic spirit Of liberalIty that actuated the
business. OF course, as human beings.
they had their local pride, and they
sometimes lost all their Judgment,
perhaps, i'll their fealty to their locality !;
but over and above that, the brain and
myscle that was building up the North
west was that of the busy, enterprislng
and broad-minded business man who
had built up these two cities, which