Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-10-20
NOTED CANADIAN | IN
INSURANCE CHIEF
CAL|LED !

I Insurance men of the territory have
Iheard with regret Of the death of Rob,
ertsCn Alacaulay, president of the Sun
Fife Assurance Company of Canada.
The following is taken from a sketch
fof his life in an insurance journal
Tor Canada:
The insurance world, without ex-
ception, will learn. with regret OF the
death of Mr.. Robertson Macaulay, the
president and the real creator of the
Sun Lille. Assurance, Company of Can
ada. His best monument is the Sun
Life, which is easily the largest OF
Canada's life insurance institutions,
and which is probably destined to be
one, Of the greatest financial institu-
tons in the, world The best testi.
mony to his worth as a man is his
long, successful and happy family life.
Like the elder Pitt, but unlike most
other eminent men, he bequeathed to
the insurance world a son even more
eminent than himself, Mr.. T. B. Ma
caulay. His success was probably
due, to the plain virtues of industry,
perseverance and thrift, aided by his
Celtic imagination and a very robust
courage. He fraEsaled~thes' faults Of
the Celtic temperament sometimes, in
an explosive impatience OF restraint.
But on the other hand he gave great
er display OF different kind of re-
straint by living for the Sun Life only,
and never allowing, ,. himself to be
drawn aside il % personal ambitious
ventures In other spheres, which his
position no doubt commanded, had he
so wished. He did not make the mis-.
take of living machine-like life for
business only. He enjoyed his. family,
life, and was almost ferociously proud
Of his children He lived, in other
words, a well-balanced existence. His
insurance career is summed up in the
following words by those who knew
him we'll:
Mr.. Macaulay was of Scottish birth,
born at Fraserburgh, on January 20,
1888. At the age of 81 he came to
Canada and entered the service of the
Canada Life, of which he became
accountant Sixteen years later, in
1870, he severed his connection with
that company to accept the secretary
ship of the Mutual Life Assurance
Company, whose headquarters were at
Hamilton. Here he devoted his chief
attention to the organization and .ex-
tension of the agency force, spending
much time in travel and keeping in
close personal touch with every sec
ton of his company's field. His sue
cess in this work attracted attention
in other quarters. and in July. 1874,
he was. persuaded to come to MOntre-
al and assume the secretaryship OF
the Sun Mutual Life Insurance Com
pany CT Montreal, which later became
the Sun Life Assurance Company OF
Canada. The Sun Company was at
that time a young and struggling con-
cerH, and it had still hard battle be-
fore it. The advent of lIr. Macaulay
brought to it, however. the strong
hand that was needed to guide 1t
through the trying years Of its early
career, and under his able administra-
ton the company forged steadily
ahead until it assumed place in the
very forefront CT Canadian life assur-
ance organizations. In 1876 Mr.. Ma
caulay was appointed manager of the
Sun, and in 1887 he became managing
director. A few years ago he relin- |
luished the latter office, which has
since been ably filed by his son, Mr..
T. B. Macaulay.
Mr.. Macaulay was perhaps the most
widely known and most highly esteem
I'd man connected with the life insur- |
ance profession in canada, and was
also held in high regard in life assur'
.nce circles throughout the world.