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

life Insurance has become one OF the
most impo tant economical INSTITUTIONS
Of modern times and powerful agent IN
the accumu iation Of material wealth.
The vast good continually accruing 10
the public and the government 1tse,i
through this medium. Is almost ihcai.
culable. Hence, 1t Is The manifest duly
OF the pub ic and government TO ioster
and encourage everything OF an honest
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 snoulo
work in harmony for the good OF ne
grand cause which tney exempiify, ana
rival agents should not defame their CO.
laboiers,
These remarks are suggested by a
movement which has been warmed into
faint life with the object OF in1uring tae
business and repu' ation of the acifc
Mutual Life Insurance Company, OF CAL
ifornia. by the managers of certain other
Lille insurance Companies doing busi-
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
instinct than that with which needy and
hungry adveuturers, who have crept into
| the business, hunt around lor weak
spot In which to attack peighbor, pro-
v1ded 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 cc,unt for
the feverish desire In the quarter we have
designated to organize q raid on the Pa.
| business on its books and we'll organized
agency corps are we'll calculated TO water
| the mouths OF that narrow-minded aud
| envious class which are mean enough to
I l. %. Kxrtr of
| themselves with all they can get, and
| curse themselves because there is any
thing lett for anybodo else. Now, as far
as the evil result OF such movement on
| the Pacific Mutual Is concerned, 1t Is un-
worthy ofa thought as that company is
| too we'll 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 IL is to see legit.-
mate and well managed insurance insti-
| tutions OF whatever kind prosper, and
| thus prove public benefactors, 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 q,
| join in n 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
| 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 III 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 SO long as the officers
| OF the Pacific Mutual meet the obliga-
tions and responsibilities imposed 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
opportunity to pass without saying a
| word relative to the Pacific Mutual Life.
/ This company was organized In 1853, and
| has for over eleven years faithfully full
| filled all Its engagements Of whatsoever
nature. and at the same time gradually
! poration. Its stockholders, who are
among the foremost business men and
| capitalists OF this State, have taken
pride In seeing the company prosper and
have in every legitimate way contributed
| TO Its success. until II now has, gross as
\ sets OF over tl,25J,000 and handsome
surplus, all invested In approved securi-
ties which yield an averdge interest of
over 70 per cent. per ann um, and Its year
~ iacoine Is near'y half million dol.
The company has recently adopted
several new features which are well
worthy the attention of the public and
must render II more popular than ever.
The official staff com binee fatthfulness.
integrity and hklll, ahd under their man.
The Pscino Mutual will continue TO grow
in strength and public esteem. despite
the machinations OF jealous rivals.-Ed-
itor Avalanche