Daily Los Angeles herald., 1879-03-30
LIFE INSURANCE AND ITS
Enemies.

Life Insurance has become one OF the
most impo tant economical institutions
of modern times and y powerful agent IN
the accumulation OF material wealth.
the public and the government Itself
through this medium, is almost incal-
culable. Hence, IT Is the manifest du y
of The pub ic and government to IOster
and leg ,timate character connected with
the general lie insurance structure OF
this country.
Legislation should not be onerous. the
public should not confouno the good
with the bad, rival companies should
work In harmony for the good of The
grand cause which they exenpiify, and
rival agents should not defame their CO.
labor eFs
hese remarks are suggested by q
faint life with the object Of injuring the
business and repu attOn of the acthc
Mutual Lie INSURANCE Company, OF Cal
ifornia by the manager 8 of certain other
ness here. There are, unfortuna e y.
people In the life insurance ranks who
eel c~nvinced that the only way they
Can build themselves up Is by tearing
not scent carrion with q mo,e uherring
Instinct than that with which needy and
hungry adventurers, who have crept into
the buainess, hunt around lor a weak
ri,
vided there is the least possible chance
OF prospective eHin, no matter what the
consequences be to all except them
selves
On this principle we can ACC ,unt for
the feverieh desire in the quar- err we have
clfc Mutual, as the goodly amount OF
business on its books and we'll organized
agency corps are we'll calculated TO water
the mouth, OF that narrow-minded and
II h
look for business at any cost, gorge
themselves with all they can get, and
curse themselves because there Is any
thing lett for any bodo else. Now, as far
The Pacific Mutual is concerned, it is un-
worthy ofa thought as that com pany is
too well fortified behind the bulwarks o.
financial strength and able and honest
management 10 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 IT,
join In contemplated raid, we would
ed. But as we feel sure they must now
see the meanness of their proposed ac-
ton and will desist from fu ther fool
hardness In that direction, we will spare
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 fulfll the duty OF Journalists. but un-
merited abuse and oppression is beyond
of the Pacific Mutual meet the obliga-
tions and responsibilities i'm ,osed by
their 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.
Now that we have had our attention
called to the u after, we cannot allow the
opportunity to pass without saying q
word relative to the Pacific Mutual Life
This company was organized In l88t, and
filled all IL. engs sgements OF whatsoe yer
na'ure. and at The same time gradually
developed into strcng and healthy cor
poration. Its stockhold.rs, who are
capitalists OF this state. nave taken =
pride in seeing the company prosper and
have In every leRtttm ate way contribute
TO Its success, until It now has xross as
sets OF over Sl,26J000 and q handsome
ties. which Yield an average interest OF
over u per cent. per annum, and Its year.
~ income is neary half q million dol
lars.
,ev-rai new features which are wei.
worthy the attention of the public and
must renderit moro popular th.n ever.
he ofiioial stan com bines fail hfulness.
nj oxrity and skill, ahd under their man
there can % es ~ connns aonSs Dro 70 wnS wrn
o strength and public esteem. despite |
be mashinations Of Jealous rivalss-Ed- |
TOR Avalanche.