Daily Los Angeles herald., 1879-04-02
LIFE INSURANCE AND ITS
Enemies.


Life Insurance has become one OF the
most i'm por tant economical institutions
of modern times and powerful agent IN
the accumulation of material wealth.
The vast good continually accruing 70
the public and the government 1tseif
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
Legislation should not be onerous, the
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.
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-
peos people eir In the lie % insurance ranks w6c
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 q more unerring
hungry adventurers, who have crept into
the business, hunt around for a weak
spot in which to attack 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
cifc Mutual, as the goodly amount of
agency corps are well calculated to water
the mouths of that narrow minded and
envious class which are mean enough to
look for business at any cost, gorge
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 ofa thought, as that company is
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
thus prove public benefactors, We cannot
but raise our voice In protest against all
such guerrilla warfare, and shall vigor-
maraudelkof whatever stripe; and but
for the fact that we have been invited to
Join in q contemplated raid, we would
expose the names OF all parties concern
ed. But as we feel sure they must now
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 Ill 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
our suferance, and so long as the officers
of the Pacific Mutual meet the obliga-
I'll Of haI TIM .xy
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 p 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
nlled all its engagements Of whatsoever
nature, and at the same time gradually
developed into strong and healthy cor
poration. Its stockholders, who are
among the foremost business men and
capitalists Of this state, have taken a
have In every legitimate way contributed
70 Its success, until 1t now has gross as
sets OF over 81 ,260000 and q handsome
surplus, all invested in approved securi-
ties Which yle,d an avsTnEs I5 interest tss Of
~ income is nesr'y half million dol
The company has recently adopted
several new features which are well
must render II more popular than ever.
The of1cial stan com binee faithfnlness.
Integrity and skill, shd under their mon
agement there can be no doubt but what
he Paei1c Musqai vii continue p e,. ercx
shs Is % mssSisasies a. Il Il jas jssaeas SiVsls.-Eds
ItW XXI/m 4 R -, {. 81 |' + !. :. "A