Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1920-03-20
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SATURDAY. MARCH 20, 1920.
AN UNDERWATER OF iNTERNA,
TIoNAL EXPERIENCE.

The Mutual Underwater a widely
read insurance paper pays great
tribute to an honored Chicago man in
a leading article. II says that the
development OF the insurance system
has shown that success usually fol.
lows the man who can institute orig
inal and practical ideas and who has
the benefit of wide experience as
foundation upon which to build. The
record of T. +. Barry, Secretary and
Manager of the Globe Mutual Life, Of
Chicago, shows that his field expert.
ence in Europe and America taught
him the needs of the insuring public
and the methods which would result
in successful operation. The practical
results can be seen best when the
record of the year 1919 Is reviewed
The gains are as follows: gain In in.
come, 80 per cent; gain in assets, so
per cent: gain in insurance in force.
q per cent. In the last five years
the gain in income was go per cent:
gain In assets, $50 per cent; gain In
insurance in force, 240 per cent
Mr.. Barry was the organizer and
has directed its operations from It's
organization In 1905. It's business has
been built almost without capital and
with the most active competition from
the large industrial companies.
Mr.. Barry who received u splendid
university education In Ireland, his
native country. has been untiring In
improving his education and unlike
practically all men he has not allowed
himself to remain ut standstill when
he completed his school courses.
Since becoming an American citizen he
has taken courses in free hand draw
ing In night schools and In personal
study he has been an untiring reader
and student. Later he entered as a
freshman at the Illinois College OF
Law and graduated with the degree OF
LIB. He has taken special courses
in astronomy. sociology, Greek trag'
edy, French and German, science of
craftsmanship and advertising. AT the
present time he is preparing to enter
the Department of Finance of Com
merce at the Northwestern Univer'
sity, of Chicago. During his life he
has had the privilege OF extensive
travelling both in America and In Eu'
rope and has availed hiIoelf Of op'
portunities of hearing the great mu'
sicians. lecturers and actors. His In
surance library and reference books
are among the most complete. He finds
the time to edit the "Globe Weekly
News" an agency publication devoted
10 the operations of his company
These are evidences that Mr.. Barry Is
extremely versatile and untiring in
his efforts to keep abreast of the
times.
His first insurance experience was
with the Prudential, of London, Eng
land, with which Company he was
connected for four years, first in q
small provincial town OF Ireland, Car
RECKON Shore, then at Waterford anc
later in the City of Limerick. In 1888.
he was engaged by the metropolitan
Life, of New York, and came to the
United States at the expense OF The
Company. For eight years he was n
Albany, New York, building bust
ness there until its volume was twice
that of the nearest competitor, Ii
1890 he was offered one'half OF The
Companys Philadelphia district
which up to that time was under th'
direction OF superintendent Kran
shaw, one OF the largest producers o
business of the Metropolitan Life
The plan of the Company was to di
vide this territory between Mr.. Barr!
and Superintendent Kranshaw. II,
was unable to accept the offer on &C
count of his health and also because
of the death of his wife which uc
Cured shortly before this time ant
who had left a little daughter thel
sixteen months old, whom he ha
brought up.
When he felt that he had nearl
reached his limit of the development
of the field at Albany he asked for
transfer to Chicago which was readil
granted. During the following fou
years the Chicago debit was increase
from $3.50 to $4,000 This exper
ence in the field proved an excellen