Daily Los Angeles herald., 1879-03-19
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 70
the public and the government itself
through this medium, Is almost meal
culable. Hence, 1t Is the manifest duly
of the pubic and govern ment TO foster
and encourage everything of an honest
and legitimate character connected with
the general life insurance structure OF
this country.
public should not confound the good
with the bad, rival companies should
work in harmony for the good of the
grand cause which they exenplify, and
rival agents should not defame their CO.
laborers.
These remarks are suggested by a
movement which has been warmed into
faint life with the object of injuring the
business and reputation of the acifc
ifornia. by the managers OF certain other
Life Insurance. Companies doing busi-
ness here. There are, unfortunai ely,
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 unerriDg
instinct than that with which needy and
hungry adventures, who have crept into
the business, hunt around for 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 acc ount for
the feverish desire in the quarter we have
designated TO organize Il raid on the Pa
| cific Mutual, as the goOdly amount of
| business on its books and well organized
agency corps are we'll calculated TO water
the mouths of that narrow minded and
envious class which are m can 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 a movement on
the Pacific Mutual Is concerned, II is un-
worthy of a thought as that company is
| too well fortified behind the bulwarks OF
| 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 legitt-
mate and well managed insurance insti-
tutions of whatever kind prosper, and
thus prove public cbenefactois, we cannot
| but raise our voice in protest against ali
such guerrilla warfare, and shall yigor-
ously work our kicking machine on oil
marauders of whatever stripe; and but
for the fact that we have been invited to
ioin in 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 and viii desist from further fool
hardness in that direction, we will spare
them that modification ~ the present,
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 fulnll the duty OF journalists, but un-
merited abuse and oppression Is beyond
our sufferance, and solong as the Officers
OF the Pacific Mutual meet the obliga-
tious and responsibilities I'm posed by
| their DOHitiOnE. thpy 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 atten ntion
called to the alter, We cunuot 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 ful.
filled all its engagements OF whatsoever
nature, and at the same time gradually
developed into strong and healthy cor
poration. Its stockholders, who are
capitalists of this state, have taken a
| pride in seeing the company prosper and
have in every legitimate way contributed
to Its success, until IL now has gross as
| sets OF over 81 ,250,000 and handsome
surplus, all invested in approved securi'
ties. which yield an average interest ol
| over ~ per cent. per annum, and its year
| ~ Income is near'y half million dol
| lars.
several new features which are well
worthy the attention OF the public and
| must render 1t more popular than ever
| The official staff combines faithfulness
| Integrity and skill, aid under their man.
the Pacinc Mutual will continue to grow
| In strength and public esteem. despite
the emachinations or jealous rivals.-Ed'
itor Avalanche.