Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-01-01
4 sAcRAgEnro FINANCIAL INSTITUTION.

a naturalist has said that the chief point
OF difference between man, and what we are
pleased to call the "lower animals" is that
man is the only one that bargains and trades.
The others fight, work, play, some provide
for the future, snd all lead more or less busy,
happy lives. They manifest tear affection, en-
Wy jealousy, ana occasionally suffer from an
awakened conscience. Any one familiar with
horses and dogs can testify that they know
as well when they are doing wrong as does a
Sundey-sciool boy. A dog cannot blush, 1t
is true; bus the way in which he sometimes
puts his tail between his legs shows he would
blush if he could. Animals are ambitious.
too. and no ruler of the Queens naYee wss
ever prouder than chanticleer when he has
driven his rivals from the field. But none Of
them have any instinct for barter, or the
most remote idea OF the advantage OF trade,
AID SO our dumb friends make no progress as
a class There are among them illustrious
individuals, like the learned pig, or Sher-
mans Barney and Jack, but that is all. They
cannot advance along the whole line.
When the cave dweliers first recognized the
fact that an old and decrepit member of the
family, too iniirm TO join in the chase, could
earn his share of the game the Others killed
by staying in the cave, making stone arrows,
or tying together the skins of animals-they
took the initial steps in political economy !;
and thenceforth there was progress, slow, to
be sure, and often Interrupted, but on the
whole, continuous. Simple exchange from
hand to hand grew into barter between
families, trade between tribes, and COM
merce among nations, until the earth is a busy
hive of industry, world Of factories, stores and
depots. of markets and banks and insurance
offices. Our own city is a little world in itself,
for almost every industry is representedin our
midst on scale of greater or less magnitude.
Sacramento county is an epltome OF the
State. Hardly an article is produced In the
State that is not found within its limits. Gold
and wheat, wool and wine, oranges and pota-
toes, are all represented. 1t is section of d.
versified industries, and there can be no man
ner of season. no combinatlonof circumstances
that will not give to It's citizens share of
prosperity.
II the man in the tule complains that the
dampaess is several feet deep, bis neighbor on
the red soil of the foothills is rejoicing in a
heavy harvest and when the rain falls spar
ingly, the smiles and frowns only change
places. Ia the city, il trade is dull in one
direction, it is brisk in another, and while
occasionally one may hear of dull times,
there is never cry of hard times. Most of
our citizens live in houses of their own,
and home is an honest fact. not an agreeable
myth, when there is absolute ownership.
10 financial institutions, Sacramento is for
tuuate. When the capitalists of the metrop-
oils turned deaf ear to agricultural borrow
ers, and regarded speculative real estate In
thu vicinity of the bay, or mining stocks in q
sister State as the only desirable securities,
here. at the savings banks or at the Office Of
the Pacific Mutual Life Insurance Company,
the needed accommodation could always be
obtained.
The last named institution, established in
1867 by Sacramento business men, is the only
one west of the Rocky Mountains. and few of
our readers are aware of the mag nitude of its
operations. Savings banks are generally the
reservoirs OF money for limited extent of
country, but life insurance company is far
reaching, and its treasury is filed from hone
and abroad. The Pacific Mutual has branch
Offices in Chicago and in st. Paul. Mimi, and
almost menopolizes the business in Oregon
and Washington Territory. From all quar-
tiers of the great and growing northwest its
premiums are flowing in, to be invested, to
accommodate and eventually be returned to
the heirs and benefciaries Of the insured.
There is not county in the grain growing
region of the State where its funds are not
EMPLOYED in the work of development, and
it can always offer money to parties with uu.
questionable security at reasonable interest.
The Deposit Endowment poiicles OF tnls COM
pany combine the safety of insurance with
the profits of investment to a greater degree
than any form of any other company, and the
insured can find absolute security by having
his policy registered with the Insurance Com
missioner, and protected by special deposit Of
bonds and mortgages in the State Treasury.
The company has paid nearly one million of
dollars in death Losses. and another million in
endowmeuts, dividends, etc. It's affairs are
conducted with energy, ability and prudence,
and we expect to record the history OF its
prosperity for many years in the RECORD
UNION, and ia have the name Of the Pacific
Mutual Life Insurance Company become as
a household word on the Pacific coast