Daily Los Angeles herald., 1879-03-09
LIFE INSURANCE AND ITS
ENEMIES.

Life Insurance has become one of the
most important economical institutions
of modern times and powerful agent In
The vast good continually accruing to
the public and the government itself
through this medium. Is almost incal-
culable. Hence, 1t Is the manifest duty
of the pubic and government 70 iosaef
and legitimate character connected with
the general life insurance structure Of
this country.
public should not confound the good
with the bad, rival companies should
work in harmony for the good of The
grand cause which they exempiify, and
rival agents should not defame their co.
These remarks are suggested by a
movement which has been warmed into
faint life with the object of inJuring the
business and reputation OF the Pac1hc
Mutual Life Insurance Company, of CAL
ifornia, by the managers OF certain other
Life insurance Companies doing busi-
ness here. There are, unfortunately.
people in the life insurance ranks who
ieel convinced that the only way they
Somebody else down. Birds Of prey do
not scent carrion with O more unerriDg
instinct than that with which needy ana
hungry adventurers, who have crept into
the huna SIoana lob
vided there is the least possible chance
of prospective gain, no matter what the
consequences be to all except them
selves.
On this principle we can account for
the feverish desire in the quarter we have
designated to organize a raid on the Pa
cifc Mutual, as the goodly amount of
business on Its books and we'll organized
agency corps are we'll calculated to water
the mouths of that narrow-minded and
al vuh ia1 n ra MI n n IN n
look for business at any cost, gorge
themselves with all they can get, and
curse themselves because there is any
thing left for anybodo else. Now, as far
as the evil result of such q movement on
the Pacific Mutual Is concerned, 1t is un-
worthy of "a thought, as that company Is
too well fortified behind the bulwarks or
financial strength and able and honest
whatever source; but as an insurance
Journalist whose desire IT Is to see legiti-
mate and we'll managed insurance tnsti-
tutions of whatever kind prosper, and
but raise our voice in protest against all
such guerrilla warfare, and shall vigor-
ously work our kicking machine on all
marauders of whatever stripe; and but
for the fact that we have been invited 70
expose the names of all parties concern.
ed, But as we feel sure they must now
see the meanness OF their proposed ac-
ton and will desist from further fool
hardness in that direction, we will spare
them that modification for the present,
and unless we see further cause for our
application of the lash.
When i'll management calls for just
and proper criticism we are always ready
to fulflll the duty OF Journalists. but un-
merited abuse and oppression Is beyond
our sufferance, and so long as the officers
Of the Pacific Mutual meet the obliga-
lions and responsibilities imposed by
their positions, as they always have
done heretofore, they VIII De enutled to
the full confidence of the public and the
hearty support of this Journal.
Now that we have had our attention
called to the U after, we cannot allow the
opportunity to pass without saying a
word relative to the Pacific Mutual Life.
This company was organized In 1868, and
hes for over eleven years faithfully full
fiiled all Its engagements OF. whatsoever
nature. and at The same time gradually
developed into strong and healthy cor
noration. Its stockholders, who are
Among the foremost business men and
capitalists of this State, have taken a
pride in seeing the company prosper and
have in every legitimate way contributed
to its success, until 1t now has gross as
sets or over 81 ,25O,00o and handsome
surplus, all invested in approved securi-
ties. which yield an average Interest of
over l2 per cent. per annum, and Its year.
ly income is neary half million dol
lars.
The company has recently adopted
several new features which are well
worthy the attention of the public and
must render 1t more popular than ever.
The official staff combines faithfulness,
integrity and skill, aid under their man.
agement there can be no doubt but what
the Pacific Mutual will continue to grow
In strength and public esteem, despite
the maphinations OF Jealous rivals,-Ed--
itor Avalanche.