Background
John Augustine McCall was born on March 2, 1849 at Albany, New York. He was a son of John A. and Katherine (MacCormack) McCall. His parents were of Irish descent.
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Discours de M. John A. McCall, Président de la New-York Compagnie d'Assurances sur la Vie: À la Convention des Agents Canadiens, à Montréal, le 30 Mai 1892 (Classic Reprint) (French Edition)
(Excerpt from Discours de M. John A. McCall, Président de ...)
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The Regulation Of Life Insurance In The United States And Foreign Countries: A Lecture
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A Review of Life Insurance, from the Date of the First National Convention of Insurance Officials. 1871-1897. an Address by John A. McCall ... Before ... Convention, Milwaukee, Sept, 13-16, 1898
(This work has been selected by scholars as being cultural...)
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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John Augustine McCall
Edit ProfileCareer
McCall Compelled in early life to support himself, he found work with an Albany agency of the Connecticut Mutual Life Company and at twenty-one obtained a clerkship in the New York state department of insurance, where he won rapid advancement, becoming in 1876 deputy superintendent and examiner of fire, life, and accident companies doing business in the state. In that capacity he attracted attention by the energy and thoroughness with which he exposed the illegal practices of insurance officials. Insurance men of good standing and the business community generally were so favorably impressed by young McCall's activities and methods that in 1883 his appointment as superintendent was urged upon Gov. Grover Cleveland by men of both political parties. When the nomination was made and unanimously confirmed, Cleveland was heartily commended by the press. By this time McCall's knowledge of the insurance field and of insurance problems had been widely advertised. It was not to be expected that the state could long retain his services. Among the life insurance companies of New York City the Equitable was the first to offer him an attractive bid. It created a comptrollership for him and in 1885 he resigned his state office and went to the metropolis to accept double the salary that the state had paid him. Seven years' service as comptroller of the Equitable seems to have enhanced his reputation and popularity among insurance men.
In 1892 the New York Life Insurance Company, ranking in prestige with the Equitable and the Mutual Life, was falling behind its rivals in the race for business as a result of internal dissensions. New blood was needed and the trustees' choice of an executive to succeed William H. Beers was McCall. The business record of the New York Life under McCall's administration seemed indeed to justify the faith of the trustees in calling him to the presidency. The company's business increased amazingly within a few years. The whole organization developed new life. In the twelve years ending in 1904 the income from all sources more than tripled, while the company's investments at the close of that period (nearing $325, 000, 000) were more than one hundred and thirty per cent. greater than at the beginning. This prosperity was in great part due to McCall's initiative and energy. But in spite of this brilliant showing, the year 1905 opened ominously. The disclosure of serious disagreements among the Equitable's officers was followed by rumors of unsound conditions in the "Big Three" companies and a public demand for an investigation, which was met by the appointment of the so-called Armstrong committee of the New York legislature and the retention of Charles Evans Hughes as chief counsel. Called as witnesses before this committee McCall himself and Vice-President George W. Perkins testified as to the use of the company's funds in political campaigns and in lobbying. When the New York Life's trustees declined to take the responsibility for these irregularities, McCall resigned the presidency and voluntarily obligated himself to make good $235, 000 that had been advanced to Andrew Hamilton of Albany. To do this he had to transfer to the company his life insurance and a costly residence at Elberon, N. J. Within a few months he died of cancer of the liver.
Achievements
Works
book
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The Regulation Of Life Insurance In The United States And Foreign Countries: A Lecture
( This work has been selected by scholars as being cultur...)
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A Review of Life Insurance, from the Date of the First National Convention of Insurance Officials. 1871-1897. an Address by John A. McCall ... Before ... Convention, Milwaukee, Sept, 13-16, 1898
(This work has been selected by scholars as being cultural...)
-
Discours de M. John A. McCall, Président de la New-York Compagnie d'Assurances sur la Vie: À la Convention des Agents Canadiens, à Montréal, le 30 Mai 1892 (Classic Reprint) (French Edition)
(Excerpt from Discours de M. John A. McCall, Président de ...)
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The Regulation Of Life Insurance In The United States And Foreign Countries: A Lecture
Personality
McCall was described at that time as a man of magnetic, vigorous personality, affable and kindly in all the relations of life.
Connections
McCall's wife was Mary (Horan) McCall, whom he had married at Albany in 1870. The couple had two daughters and five sons.
