Daily Los Angeles herald., 1879-03-20
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 Wealtn.
The vast good continually accruing 10
the public and the government llseii
through this medium. is almost lncal-
culable. Hence, 1t is the manifest duty
of the pubic and government TO ioster
and encourage everything OF an honest
and legitimate character connected WIN
the general life insurance structure OF
this country.
public should not contounu the good
with the bad, rival companies should
work in harmony for the good of The
grand cause which they eXemplify, ana
rival sgents should not deiame their CO.
laborers,
These remarks are suggested by
movement which has been warmed into
faint life with the object of in1urlng tne
business and reputation of the faclnc
Mutual Life Insurance Company, OF CAL
ifornia, by the managers OF certain other
Life Insurance. Companies doing busl-
ness here. There are, unfortunately,
people in the life insurance ranks who
ieel convinced that the only way they
can build themselves up is by tearing
somebody else down. Birds OF prey do
not scent carrion with more unerring
instinct than that with which needy and
hungry Adventures, who have crept into
the business, hunt around Tor Il weak
spot in which to attack a neighbor, pro-
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 ace 1unt for
the feverish desire in the quarter we have
designated TO organize raid on the Pa
cific Mutual, as the goodly amount of
business on It's books and well organized
agency corps are well calculated 70 water
the mouths of that narrow minded and
envious class which are mean enough to
| look for business at any cost, gorge
| tn themselves with all they can get, and
curse themselves because there is any
| thing left for any bodo else. Now, as far
as the evil result OF such ~ movement on
| the Pacific Mutual is concerned, IL is un-
| worthy ofa thought. as that company is
| too well fortified behind the bulwarks OF
| financial strength aud able and honest
management to fear any onslaught from
whatever source; but as an Insurance
| journalist whose desire IL is to see legit.-
| mate and well managed insurance insti-
| tutions OF whatever kind IrJsper, and
thus prove public benefaetois, we cannot
| but raise our voice in protest against all
such guerrila In warfare, aud shall vigor-
ously work our kicking machine on all
| mi auders OF whatever stripe; and but
| for the fact lEat we have bi en- invited To
| Join in a coptem plated rad, we would
| expose the names of all parties concern
ed. Bat as we feel sure they must now
| see the meannesS of their proposed ac-
tion and will desist rom fu ther fool
hardness In that direction, we will spare
| them that modification n the present,
| and unless we see further cause for our
application of the lash.
When Ill management calls for Just
| and proper criticism we al always ready
to fulfill the duty oil journalists but un-
merited abuse and oipeessiOn is beyond
| our suffsrance, and so loJg AS he officers
OF the Pacific Mutual meet the obliga-
lions and responsibilities i'm .,osed by
| their positions, rs thew ALWAYS have
done hereto ore, they viii be entitled TO
the fall confidence of the public and the
hearty support oil this jOurnal.
Now that we have had our attention
called to the u atter, we cannot allow The
opportunity TO pass without saying o
word relative to the Pacific Mutual Life.
This company was Organized in 1868, and
has for over eleven years faithfully full
filled all its engagements OF whatsoever
| nature, and at The same time gradually Y
developed into strcng ana healthy cor
poration. Its stockholders, who ate
among the foremost business men aud
capitalists of this state, have taken a
pride in seeing the company prosper and
have in every legitimate way contributed
toits success, until 1t now has gross as.
surplus, all invested in approved securi.
| ties, which yield AN average interest ol
| over ~ per cent. per annum, and its year
| ly income is near y half million dol
| lars.
several new features which are wei
worthy the attention of the public ant
must render IL more popular than ever
| The official staff combines faithfulness
| integrity and skill, ahd under their man
agement there can be no doubt but whal
| the Pacific Mutual will continue to grow
| in strength and public esteem, despite
the machinations OF jealous rivals.-Ed
| itor Avalanche.