19th Century, Business, History, Industry, Intercession, Jesus, Minnesota

Saint Paul Mutual Insurance Company Incorporated March 5, 1853

Alexander Wilkin

Alexander Wilkin

The legislature incorporates the St. Paul Mutual Insurance Company, forerunner of the insurance giant St. Paul Companies, the state’s oldest business corporation.*

Lord, thanks for the conception of corporations, and the good intended through their creation. Our culture has taken a bitter view of business entities such as the “corporation” because of the publicized abuses of some business leaders. This is like tossing away the idea of going to a court for justice on the basis that there are some mistrials. It’s like tossing the Bible because we read it as a punishment instead of Your love letter to humanity.

I commend the three men who founded this company today to You; dear Founder of the Universe. I thank You for the life of Alexander Wilkin, and his impetus to create an insurance company for Minnesotans’! I thank You for George and John Farrington, his partners and investors! I observe that these men, going “all-in”, could barely raise the $50,000 necessary to start their business. Yet, You have allowed it to grow to $20.68 billion in four generations?!

Jesus, I acknowledge the failures of corporations in Minnesota to honor Your standards of integrity. Even the best businesses operate on the basis of mutually beneficial self-interest, but are not expected to exhibit love. Forgive the judgments and offenses of our society towards its corporations, and the counter-offenses and judgements of Minnesota’s businesses towards society from March 5, 1853 forward.

Likewise, forgive the believers of Minnesota for our judgments of its corporate body, the Church. Forgive the bitter judgments and lack of love towards its parts, and failure to recognize that a rejection in part is a rejection of its corporateness. On the basis of this confession, I want to pronounce the Lord’s forgiveness to the businesses of Minnesota both past and present, and invite Your favor on our states’ corporations and all Church business. Make us one, Jesus!

More on St. Paul Companies http://www.fundinguniverse.com/company-histories/the-st-paul-companies-inc-history/

*Note – PrayThroughHistory uses the timeline located for several years at the Minnesota Historical Society Web site, at this URL: mnhs.org/about/dipity_timeline.htm .

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