The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1881-03-16
A Chapter on Life Insuranoe--A Sacra-
rnento Institution


Probably nothing shows the progress Of the world in
social science durns the last century more conolusVey
than docs the full development Of the principles and
praetc, Of life insurance. Before the regular mortality
=, different ages had been accurately aseertaned and in
connection with interest taoles' MADE iie &C.
that direction speculative CANDLES or what was
hardly better contribution scheme NheTe M
rord and selfish the gamers those who paid longest
being those who suffered al the lnevitaoe eo,apss "
surance during the last century. The hundreds upon
hundreds OF millions disbursed have saved countless
ss,,SiIcs from separaton-vidows from starvation and
-nhsns from lives Of dcstituton and crime. and been
LASTING honor the dead who showed Their care Ior
zen ts rich legacy. OF them e can be said Their
works live after them.
and one that has = most excellent reputation for re
sponsiblity and conservative management net Only :.
STNe Pacific Mutual Life Insurance Company ~ CMt
fornia." II was orgsniscd In ise' AZ thai time NC
paci6c Coast was flooded with life insurance egcncCs
Frrresentinr almost every company IN America, most
Of them strong and trustworthy, but some OF theW
speSSass apI ySsFs California has been shurped
~ IN, ecnpaaics II was thought In early days that
c pcepllaf conditions of htc this coast wcrt unfas
vcraSle longevity that the rrlyacns and ehnosure
the fever speculation, the fluctuations 81 fortune We
absence % homes the scarcity o the ocraung element
~ woman All combined 10 make the tenure Of life more
nrccarloas than elsewhere In America, thonN about
Ansen years since .hs msnI S ~ asso' anS ,Sn
ifornia was the natural homo ~ heath anu mYst IN
Wiling Geld Tor hc insdtanCc ppt Nhvh thVN uu wv
~. fc 10 al man insure was 60 receive bic Apnli'
cation Ii IL estmAtcd that for several yeats the sum
AN withdrawn through Agrncies from this coast 20 be
Invested and controlled In the Eastern stsles vac
NJ this time that some q the business men 81 sat.
Tamrpo saw that This drain from the state should and
could he prevented; that in his state weee Srdemies
a. unknown and where capital could ee invested ~
safely and more prohtAhy than IN any ethu sA!e ~
me Tniep was an opening Tor sound, conservative
s,os.ntly managed iife insurance association,
rwih chem 10 mink 20 act and the Pacific Mutual
entered upon its career OF . the sr,rstc
IA tar-seelnr men who inaugurated, and, In spite OF
In6desence and opposition. sueeessin completed the
1s,1y IN its wAy, attacking no other companies and
TsdFrent 20 assaults, keeping us oohgauons anu pay
Inc ts losses II has paid nearly one million oi 9ols
tasNth losses and another million 10 policy holders IN
ss'rsnts d,yidends etc. In many Instances these
nsVmrnts representing individual accnmulAuons thAl
otherwise never would have eaistee Me n,n vh
associated with the city OF Sacramento az
a mo Are and life insurance companies OF Oonnecuent
With thr pleasant city OF haro'a, anu ~ Ia .t
Wshir hnsiness men Of the State, and We ahAre cons
Quoted with economy ability and in'egry'-S0o' Bee
ovrrcr OF INSURANCE CoNNssIcSKH,
SAN FRANCISCO. Dec. 10, 1880.
Wm o. Gould, Esq., Secretary \. r. DepertRe,hl
Puafc ktittai w inssrGHf AZ rospeinF Mr. Fur
e AGENT on behalf Of the Pheihe Mutual Llis
snee Company Of California who ano1l vising NJ
Ssnayieh fslands in the interest OF the Company ask
% me condition Of the Company have TO say that a.
nc last oicai examination made by me IN Mar.h iAst
tRs in sound and solvent ny, H @ snInlns as m
sets amounting % Slln,oW o. anu su p'D' ." "
r6Tiey holders o. Ssis6S6 r. =, -. -, ,,,. =. i,
business S, II hs sSfd comP Sn
Yours very resps'uui''' j. c. MAYNARD.
- Insurance Commissioner.
=