Daily Los Angeles herald., 1879-04-03
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 public and the government ltseit
through this medium, Is almost fncal-
culable. Hence, 1t is the manifest duty
of the pubic and government to ioster
and legitimate character connected with
the general life insurance structure OF
this country.
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 exempllfy, 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 faclnc
Mutual Life Insurance Company, OF CAL
iSornia. by the managers OF certain other
Life Insurance Companies doing busi-
ness here. There are, unfortun unately,
people in the life insurance ranks who
ieel convinced that the only way they
can build themselves up is bY prev do
somebody elsesdfwith q more unerring
nntyfncJ than that with which needy and
hungry adventurers, who have crept into
the business, hunt around for weak
spot in which to attack q 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 account for
the feverish desire In the quarter we have
designated to organize u raid on the Pa
cihc Mutual, as the goodly amount of
business on its books and we'll organized
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
themselves with all they can get, and
curse themselves because there is any
as the evil result OF such a movement on
We Raciae q Mn}assl Is % aep2sEnesSd @ SSH Is
too well fortified behind the bulwarks or
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 to |
join in q 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- |
ton and will desfst 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 i'll management calls for just |
and proper criticism we are always ready |
to fulhll 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- |
lions and responsibilities imposed by /
their positions, as they always have |
done heretofore, they will be entitled to
the full confidence of the pu bile 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 a
word relative to the Pacific Mutual Life,
This company was organized in 1888, and
filied all its engagements OF whatsoever
nature. and at the same time gradually
into strong and healthy cor
poration. Its stockholders, who are
among the foremost business men and
capitalists Of this State, have taken a
pride in seeing the company prosper and
have in every legitimate way contributed l.
10 Its success, until IL now has gross as
,ets OF over 81 ,260 900 and q handsome
Iurplus, all invested In approved securi-
les, which yield an average interest OF
,ver II per cent. per anDum, and its year.
y Income Ia near.y half million dol.
ars.
The company has recently adopted
everal new features which are well
worthy the attention OF the public and
must render IL more popular than ever.
he oucial stan combines faifhfulnees,
integrity and skIlI, ahd under their man.
be Pacinc Mutual Will continue 70 grow /
Z strength and public e1tsem, .despite |.
be maehi1ations Of jeolous KiyaIs.-Ed-
~ AyuA4AoAv t.H ~ ,...It.