Daily Los Angeles herald., 1879-04-01
LIFE INSURANCE AND ITS
Enemies.

Life Insurance has become one OF the
most Important economical institutions
| OF modern times and powerful agent In
the accumulation Of material wealth.
the public and the government itself
| through this medium, Is almost meal
| culable. Hence, 1t Is the manifest duty
| of the public and government to foster
and encourage everything OF an honest
and legitimate character connected with
the general life insurance structure OF
this country.
Legislation should not be onerous, the
public should not conf0nnd ths sbgn1d bg0E1dd
work in harmony for the good OF the
grand cause which they exemplify, 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 tnjuring the
business and reputation OF the Paclnc
Mutual Life Insurance Company, OF CAL
Life insurance Companies doing busi-
ness here. There are, unfortunately.
people in the life insurance ranks who
ieel convinced that the only way they
eSsG sss BIRDS of de
not scent carrt0n with q more unerring
Instinct than that with which needy and
hungry adventurers, who have crept into
the business, hunt Ground ior a weak
v1ded 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
cif1c Mutual, as the goodly amount of
business ON Its books and well organized
agency corps are well calculated TO water
| the mouths OF that narrow-minded and
| |. rla W n IN
| 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 movement on
the Pacific Mutual is concerned, it is un-
worthy ofa thought. as that company is
too well fortified behind the bulwarks of
financial strength and able and honest
management to fear any onslaught from
whatever source; but as an insurance
journalist whose desire 1t is to see legiti-
mate and we'll managed insurance insti-
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
join In q contemplated raid, we would
expose the names Of all parties concern.
ed. But as we feel sure they must now
see the meanness OF their proposed ac-
tiOn ana Will oeslbt lIOm iutbner iOOl-
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 Ill management calls for Just
and proper criticism we are always ready
to fulfill 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-
tons and responsibilities imposed by
tn cir positions, as they always have
done heretofore, they Will be entitled to
the full confidence OF the public and the
hearty support of this journal.
called to the d after, we cannot allow the
opportunity to pass without saying q
word relative to the Pacific Mutual Life.
This company was organized In 1858, and
has for over eleven years faithfully full
an ns .s 9 ss s Gr
developed into strong and healthy cor.
poration. Its stockholders, who are
among the foremost business men and
capitalists OF this State, have taken
pride in seeing The company prosper and
10 It's success, until It now has gross as
sets OF over 81 ,250,000 and q handsome
surplus, all invested in approved securi-
ties, which yield an average interest of
over " per cent. per annum, and Us year
The company has recently adopted
new features which are well
worthy the attention of the public and
must render IL more popular than ever.
The otllcial stan com bines iaitnminess.
Igem ont there can BE- NO doubt but what
10 Pa0ino Nutual Will continue 70 grow
q s9ronGth and public eeteems .despits
- Ei1ns1fina(l1as o. jeelons rivsls.-Nd-