El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-02-21
REMARKABLE
DEVELOPMENT
OF THE COUNTRY ABOUT Ell PASO
HAS ATTRACTED ATTENTION
IN THE EAST
The New York Life in Establishing
Offices Here F&,Eg a High Compli-
ment to this Metropolis.

ment to this Metropolis.
As stated IL Inc Herald yesterda,
the New York Life Insurance compan,
mas decided to establish one of its main
omceS at Ell Paso. and a statement tc
this eject was made to reporter for
The Herald by Thomas A. Buckner
fourth vice president of the company
this morning. Mr.. Buckner is accom-
panied here by several well-known
representatives of his company. and
the purpose of their visit is to perfect
arrangements for the location OF the
Office and to open the books FOR bust
ness. Aside from Mr. Buckner the
party consist of John r. Christie. for
eign inspector of the Spanish AIneri-
can territory. with HEADQUARTERS at
New York. George ID. Thomas or San
Antonio. o. c. Mellin of Dallas. and
Ralph Hallohan. manager of the AL
buquerque Office. They are all well
known in the insurance circles of the
country, and Mr.. Hallohan enjoys the
rare distinction of being member of
the 5000. 900 club, which means that
he has written that or more than that
amount of business in one year
In conversation with Mr.. BucKner
this morning that gentleman saio:
Yes, the New York Life Insurance
company has watched the development
of FL Paso and the surrounding terri
to- with great interest. and as a re-
suit of that development it has con-
cluded to establish one of it's main
branches here, which will be known as
the Ell Paso branch Office. 1t will have
charge of the territory of New Mexico,
the state of Chihuahua in Old Mexico
and the western part of Texas. This
OF course means very extensive dis
trict and will necessitate good force
to cover it properly.
Heretofore, the business has been
conducted through the Dallas office.
and some through the Office at Albu-
querque, but from now on everything
will be concentrated here.
AS l have said. the company has
been actuated in making this move
ment by the remarkable rapidity with
which this city and the entire south
western territory has developed and is
developing. 1 was in Ell Paso some
fifteen years ago but of course 1
scarcely recognize the place now. Its
growth is really astounding, and I
think it's prospects for continued i'm
provement are second to no other
city, of its size nthe country. 1 am
great believer in this southwestern
country, and SO are the officers of the
company 1 represent"
In answer to the question as to
whether the company expected to erect
a building in FL Paso for the trans
action of its business, Mr.. Buckner re- |
piled:
Not at the present time. OF course
while we anticipate a large volume of
business through this Office. it is large
ly matter of experiment. We shall
therefore. take a suite of offices in
hill No.
been offered Offices in the new Masonic
temple building, and we expect to de- !
eide upon that matter today. The Of
flee will be in charge of George d.
Thomas. formerly of San Antonio. and
John Vaughn will be the cashier. The
of the Office force will be de-
ternined by the amount of business
and as it will be necessary to have at
least fifty agents operating from this
Office. / expect the force will be con-
siderable. From past experience. be-
Iieve Ell Paso will derive no little ben
eft from the establishment of the Of
fee here"
1.-The people of FL Paso can certainly
be congratulated upon the business out
look for this section of the country"
said John R. Christie, whose official
title is that of foreign inspector of
the Spanish-American territory OF the
company, and whose nome Is IN new
York.
Il have been here number of times
Turing my periodical visits to Next
%. and the progress that has been
made throughout this section is GER
ainly very remarkable. l have just re-
urned with Mr.. Buckner from a visit
o the republic of Mexico. and We were
10Th greatly astonished at the pros
'erity everywhere prevalent through
nut that country. 1t is not confined to
ny particular industry but appears to !.
re of very general character. The &,
ruth OF the matter is that there are
nore resources there for development
" capital than is generally understood :
ut American capital is being placed .
here in large sums and the future 5
( that country is bound to be bright. a
seems to me. We have done most !,
satisfactory business throughout that =
,rritory and expect that the Ell Paso r
flee will transact most prohtable r
through the state OF ChIhua- G
VA Personally. / think the company n
making a splendid move in estab-
shing main district offices here in G
our delightful city"