Daily Los Angeles herald., 1879-03-22
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 vast good continually accruing to
the public and the government itself
through this medium, is almost meal
culable. Hence, it 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
with the bad, rival companies should
work in harmony for the good OF the
grand cause which they exemplify, and
rival agents should not defame their co.
laborers.
These remarks are suggested by q
movement which has been warmed into
faint life with the object of injuring the
business and reputation of the Pacific
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
can build themselves up Is by tearing
somebody else down. Birds of prey do
instinct than that with which needy and
hungry adventurers, who have crept into
the business, hunt around for q weak
spot In whichto attack a neighbor, pro-
vlded 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.
cific Mutual, as the goodlyl amount of
agency corps are we'll calculated to wa ter
the mouths OF that narrOw-minded and
envious class which are mean enough to
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 legit,-
mate and we'll managed insurance instI-
tutions Of whatever kind prosper, and
thus prove public benefactors, we cannot
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 10
join in contemplated raid, we would
expose the names of all parties concern.
ed. But as we feel sure they must now
o.
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 fthe lash.
When Ill management calls for lust
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
their positions, as they always have
done heretofore. they will be entitled 10
the full confidence of the public and the
hearty support of this journal.
Now that we have had our attention
called to the D after, we cannot allow fhe
opportunity to pass without saying a
word relative to the Pacific Mutual LIE
This company was organized In 1863, and
has Tor over eleven years faithfully full
nlled all It's engagements of Whatsoever
nature, and at the same time gradually
developed Into strong and healthy cor.
among the foremost business men and
OF this State, have taken a
pride In seeing the company prosper and
have In every legitimate way contributed
sets OF over 81, 1000 and handsome
surplus, all invested In approved securi-
les. which yield an average interest of
)vef l2 per cent per annum, and its year.
y income is near y half a million dol.
ars.
The company has recently adopted
everal new features which are well
worthy the attention of the public and
must render II more popular than ever.
he official staff combines faithful ness.
integrity and skill, ahd under their man.
cement there can be no doubt but what
he Pacific Mutual will continue to grow
q strength and public esteem, despite |
ne machinations OF jealous rivals. Ed
Ior Avalanche.