Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-08-05
A SOUND INVESTMENT.
The Great New York Life Insurance
Company's accumulation
Policy"
A Splendid Reform and How It Was
Accomplishment Plain Bust
ness Proposition.

While strangers and visitors who wish
to become investors are constantly scan
ming periodicals and newspapers and
looking anxiously for information to
verify our representations as to the adj
vantages of this country, both for health
seekers and money makers, nothing should
give them greater confidence in our
future than tho tremendous strides made
by some of the greatest institutions of
our commonwealth in the west. Notably
amongst those is the New York Life In
surance company, which established,
some years ago, general agency in New
Mexico under the management of Ralph
Halloran, one of the most energetic of in
surance men, and to him may be ascribed
much of the success of the company out
here. Its phenomenal success all over
the country is, however, in the largest de-
gree to be ascribed to the energetic young
president, John A. Mccall. He is the
general who has organized success.
When the attempt was made last year
by competitors to break the credit of the
New York Life Insurance company, by
sub jecting its policies and accounts to
rigid and hostile examination by the
state commission of New York, President
Mccall Immediately grasped the oppor-
tunity and courted the investigation.
Every item of business of the great con-
Germ was infinitely examined; and the
outcome was complete official approval
of the business of the New York Life.
The company came out with flying colors
and now says to its competitors Ego
thou and do likewise" The answer to
the vicious attacks recently made is easy
and clear. Mr.. Mccall says to rival COM
panies: "Until you hold a certificate from
the superintendent of insurance that you
are exactly what you claim you are no
competitor of ours"
Here was President McCall's oppor-
tunity. He grasped it. To his agents he
said: eve have gone through the fire of
official examination. The public never
lost confidence in US even under the fer
cest attacks. Now we have surplus of
$16,8O4, 948.1O. Assets of $137, 400, 1889,
and, besides we hold an official certificate
of the state of New York as to our
soundness and good faith. This is a
great company. 1t must be even greater.
Our agents and the public are deserving
of our best efforts and something further
and greater must be done both for them
and the public"
So brain and pencil went to work and
the outcome was the Accumulation
Policy"
Ultima Thule! This the farthest land.
There are no more continents to be dis
covered in life insurance. The New York
Life has again planted its banner high
above and far beyond all others. 1t has
taken possession of remaining lands in
the name of the insured, his widow, his
orphan and his estate. A great reform
has come and come to stay. Revolutions
do not 60 backwards.
President Mccall has shown his hand.
The world knew him before as coura-
geous opponent of corrupt officials and
insolvent corporations: it knows him now
as one who has the courage and the skill
to build up-to create conditions of
growth and prosperity. In accepting the
position of president of the New York
Life, he said: "We are bound in honor
to exert ourselves solely and absolutely
in the interests of the policy holders. Let
there be no mistake about that concep-
ton Of our duty. So far as in me lies
that shall be the controlling IN motive of my
administration" These were widely
hailed as golden words; the event proves
that they were not mere "glittering gem