Daily Los Angeles herald., 1879-03-29
LIFE INSURANCE AND ITS
ENEMIES.

Life Insurance has become one OF the
most impo tant economical ins siitutions
of modern times and powerful agent In
the accumulation OF material wealth.
Tbe vast good continually accruing to
the public and the government Itself
through this medium. is almost meal
culable. Hence, 1t Is the manifest du' y
of the pub ic and government TO loster
and encourage everything OF an honest
and leg timate character connected with
the general lie 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 he
grand cause which tney exenPiify, and
rival sgents should not defafne tneir CO.
labor ers
these remarks are suggested by a
movement which has been warmed into
faint life with the object of injuring the
business and repu a,ion of the acinc
Mutual Lie Insurance Company, OF CAL
ifornia. By the managers Of certain other
Lie Insurance. Companies doing busi-
ness here. There are, uniortuna,e,y.
people in the life insurance ranks who
eel convinced that the only way they
can build themselves up Is by tearing
somebody else down. Birds of prey. do
not scent carriOn with moie unerring
tpatinct than that with which needy and
hungry adventurers, who have crept into
the business, hunt around Tor weak
spot In which to attack peig b Dor, 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 raid on the Pa
business on its books and we'll organized
agency corps are well calculated 10 water
the mouth> OF that narrow minded aud
envious class which are mean enough to
- Fx.. hsr,t
| themselves with all they can get, and
curse themselves because there is any
thing lett for any bodo else. Now, as far
as the evil result OF such n movement on
the Pacific Mutual Is concerned, 1T Is un-
worthy ofa thought as that com pany is
too well fortined 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 well mana ged insurance insti-
tutions Of whatever kind prosper, and
thus prove public benefacIors, we cannot
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-
tion and will desist from fu ther fool
nArulness III tpdl ulrectiOn, WeWlil spare
them that modification for the present,
and unless we see further cause for our
application ofthe lash.
When III management calls for Just
and proper criticism we are always ready
TO fulfill 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-
lions and responsibilities i'm .,osed by
their positions, as they always have
done hereto, ore, 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 alter, we cannot allow the
opportunity to pass without saying a
word relative to the Pacific Mutual Life.
This company was organized In 1884,, and
has for over eleven years faithfully ful.
niled all IT. engagements OF whatsoever
nature. and at The same time gradually |
developed into streng and healthy cor
poration. Its Stockholders, who are
among the foremost business men and
capitalists of this state, have taken y
pride In seeing the company prosper and
have IN every legitimate way contributed |
TO Its success. until II now has gross as
sets oil over 81 tl,26J,000 and handsome
surplus, all Invested In approved secu ri. |
ties. which yield an average interest O,
over 2 per cent per ann u m, and Its year.
~ income is neary half q million dol
lars.
Tho company has recently adopted
several new features which are wei
worthy the attention OF the public and
must render IL more popular than ever.
The of1fcInl staR com blues faithfulness,
inIesrIty and sk,lI' ahd under their man
he Pacific Mutual will continue to grow
In strength and public estsem. despite
the nsihinations OF jealous rivals.-Ed- |
itor Avalanche