Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1922-11-18
T. r. BARRY FOUNDER
OF THE GLOBE MUTUAL LIFE

One of the most popular men in
the life insurance field is T. F. Bar
ry, the founder and now secretary and
manager of the Globe Mutual Life of
Chicago. Mr.. Barrys record is an in
teresting one. 1t shows that his field
experience 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 income, 80 per cent; gain
in assets, so per cent; gain in insur-
ance force, q per cent. In the last
five years the gain in income was
270 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 its
organization in 1905. It's business has
been built almost without capital and
with the most active competition from
the large industrial companies. There
books of $3.50 on which no special
salary or other advance has been paid,
the business having been compensat
ed by commissions. The policies are
made attractive, and a liberal inter-
probation is given to the total and
permanent disability clause. There are
few applications rejected, as insurance
is granted in doubtful cases on a SUBJ
standard basis. 1t is found that this
plan has protected the organization,
which has had low death rate, even
during the epidemic of influenza.
One of the most popular features
is it's method of paying claims ref
erence to which has been made in
previous issues All claims are paid
ION Sight" AS an example of this
a claim of $1,000 was recently paid
ten minutes after it was reported. Dur
ing the recent coal strike, when Of
fees in Chicago closed at $3.50 p. M,
claim was reported at 80 D. m. to
Mr.. Barry, who was then in the home
office. One hour later a check was sent
by special delivery to the home of the
beneficiary.
The gains and progress of the Globe
Mutual Life are. the results of the
original ideas introduced by Mr.. Bar
ry and it is with the business of in
surance abroad. He was born in Ire
land and his schooling there includ
ed higher mathematics, the classics
special courses in French, chemistry
geology, logic and philosophy. He has
been untiring in improving his edu
cation and unlike practically all meT
he has not allowed himself to remain
at a standstill when he has com
pleted his school courses. Since be
coming an American citizen he has
taken courses in free hand drawing il
night schools and in personal study
he has been an untiring reader anC
student. Later he entered as a fresh
man at the Illinois College of Law
and graduated with the degree of LII
B. He has taken special courses il
astronomy, sociology, Greek tragedy
French and German, science and sales
manship and advertising. At the pres
ent time he is preparing to enter tn,
Department of Finance and Commerce
at the Northwestern University O
Chicago. During his life he has ha'
the privilege of extensive travelling
both in America and Europe and ha
availed himself of opportunities o
hearing the great musicians, lectur
ers and actors. His insurance librar,
and reference books is among tn,
most complete. He finds the time t
edit the "Globe Weekly News" al
agency publication devoted to the or
erations of his company. These ar
evidences that Mr.. Barry is extreme
ly versatile and untiring in his Ell
forts to keep abreast of the times
%
S. Bloomfield, the popular presiden
of the Charles Tire Company at PSI
s. Wabash avenue, reports a prosper
Gus business. The Charles Tire Com
pany H. making friends every day b.
its courteous treatment Of all Gus
toners, who are always satisfied.