St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-24
TALK and SMOKE.
Minnesota Association Of Life
Underwriters Hold a Ban
quet.
OYSTERS AND SIRLOINS
n
Followed by Long Pipes and
a Fine Flow Of Ora
tory. =
PYLE ON LIFE P0LICIESt
i
Winston "a Democrat, But
Not in a Political l
Sense"
PYLE ON LIFE PoLICIEst

Those Jalkat1Ve gentlemen VINO
compose the Minnesota Association
of Life Underwriters met for good
time at the Commercial club last
night. About seventy-f1ve represent
ativeS were present, including many
gentlemen from ST. Paul and neigh
boring cities. The occasion was the
regular monthly banquet of the asso-
citation, and the evening was one of
those happy events in the social life
of individuals when little has been
planned and everything goes delight
fully. The banquet last evening was
distinctively of this kind. The gen
tlemen had determined to make no
ostentatious display of heavy menu
cards, suggestive Of bad headaches
the next morning, but, instead, pre-
pared a home-like and unique bill
of fare. Therefore it was with great
relish that they sat down to
supper" of good oyster stews and
juicy Surloin steak, without divers
miXings Of the chefs art to inter-
fere with their digestion. Then, in
stead of the prosaic cigars after the
repast, they produced clean, fresh
clap pipes of a pattern to excite the
envy Of Dutch burgomaster. The
stems We're long, rangy and spook-
ish white, and when the seventy
five or more pipes got properly under
way, a green policeman happening
in might have thought he had dis
covered Chinese smoking room, for
it was next to impossible to distin-
guish the gentlemen present for the
thick clouds of smoke.
President G. w. Van Tuyl officiat-
ed as POSTMASTER, and introduced
the speakers, who were all happy
in their remarks, and particularly
in the brevity of them.
J. G. Pyle, associate editor of the
Pioneer Press, responded to the
toast, 'The Policy-Holder's Interest
is Sound Finance" The speaker
spoke of the Importance of the cred
itor interest in this country as rep
resented by the depoSitors in ma
tional and savings banks, and noted
icies have an interest amounting to
half as much again as all those de-
positors combined, a total of S., 000,-
100000 of policies, and whatever
changes the measure of value that
depreciates it depreciates the value
of that interest, which is the interest
largely of women, children and help
less classes. And whatever de-
preciates the currency so that it
takes 81 to buy what 81 ought to buy
makes that interest only half as
much, or a sacrifice of $2,500,000 900 /
to the holders of life policies.
Prof. George e. Mclean, of the state
university, made a witty speech of a
rambling character, on the subject
mind Your P's and Qs." The pro-
fessor began nowhere in particular,
and ended in much the same place, but
for all that he managed to entertain
his audience eXcellently well.
David R. Forgan, cashier of the
Northwestern National bank, criti-
cised the different forms of the cur
rency, and made a number of recon-
mendations to put the currency on a
sound basis. He recommended the is
sue of long-date, Small-rate govern
ment bonds for the purpose of taking
up all the greenbacks, treasury notes
and silver certificates.
He was followed by p B. Winston,
who took isue with the speakers who
had taken a pessimistic view of the
financial situation. Mr.. Winston was
full of hope and called attention to the
recent action of President Cleveland
in regard to gold bonds. He said the
way they had been gobbled up was
proof enough to his mind that the
finances Of this country were all right
He thought the much-talked of finan-
cial crisis would settle itself, and he
took very optimistic view of things
in general. Mr.. Winston's speech was
full of bright remarks, and when he
mentioned that he twas a Democrat,
but not in a political sense" the insur-
ance men, his auditors, were con-
vulsed.
Henry L. Sheppard spoke the Good
Night" toast in a witty speech of
three minutes duration. The long
pipes will be retained as souvenirs.