The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-04
.M'CALL RET|RES
ORR is ELECTED
Salary is Reduced TO $4,000
Per Year
M'CALL MAKES STATEMENT
Thinks His Retirement VIII Make All
Tasks Easier, All Burdens Lighter
and All Problems
Simpler.

New York. January s.-John A. Nc
Call today resigned the presidency of the
New York Life Insurance company, and
Alexander E. Orr was appointed in his
place at the salary of 500 a year Mr..
Mecall's salary was 100000.
The board of trustees also cut down the
number of vice presidents so that here
after there will be two of these officers
instead of three.
Mr. Mccall who has for fourteen years
held the office and resigned today, sent
letter to the trustees In which he
stated that his errors probably seemed
greater to him than to his critics. but
that he was comforted to think of the
company's unprecedented achievements
and 4 know that no officer or trustee
had prehted Improperly at the policy
holders expense.
1t is uncertain whether MIR. Orr will
retain the presidency beyond April 1 next,
when Mr.. McCalrs term would have ex-
pired The new President Is retired mer-
chant of this city, president of the Rapid
Transit company, former member of
the chamber of commerce, and dlrec-
tor in many financial and philanthropic
institutions He was born in Tyrone coun-
ty, Ireland. in 1881.
Wants Young Mccall to Remain.
In accepting the presidency Mr. Orr
said that he hoped John C. Mccall and
Vice President Kingsley would remain in
the cornpany's employ John C. Mccall
is the son ofN former President Mccall,
and is secretary of the New York Life.
John A McCalls letter of resignation
Is In part as follows:
I'm the period of my service as presi-
dent l have made many mistakes 1t is
easy to see mistakes after events have
developed the situation, but when facing
great problems daily it is not easy to
be innocent My errors probably seem
greater to me today than they seem to
any, even to the tolerably just critic, but
Notwithstanding that | am not without
comfort. My consolation comes from
these considerat atoms.
First. The unprecedented achieve
ments second, that no officer or trustee
has prohted improperly during that time
to the extent of dollar at the expense
of the poicyholders.
Increase In Business.
"At the close of 1903 we have added
net to the company as it stood at the end
of 1891 a volume of outstanding insur-
ance which in round figures equals ST.
4SO,0O0OO0. This total gathered in four
teen years approximates the entire out
standing business of the Mutual Life at
the end of its sixty-second year, and is
very close indeed to the outstanding in
surance of the Equitable at the very
close of its forty-sixth year.
THE achievements of a life time II
judged by ordinary standards, have been
crowded into that period of fourteen
years.
II believe my retirement will make all
tasks easier all burdens lighter, all prob
lens simpler"
President Orr said that the fact that the
presidents salary had been reduced to
$4,000 did not mean that the salaries of
other officers will be reduced In the same
proportion
1.-The resignation Of Mccall passed unan-
imously," said Mr.. Orr, because It was
his desire that 1t be so accepted. have
never attended a meeting of trustees who
expressed more genuine regret at losing
the service of such a commendabIe presi-
dent