The Vancouver independent. (Vancouver, W.T. [Wash.]) 1875-1910, 1882-05-18
CONDITION AND PROsPECTs.
Report Of the Pacinc Mutual Life Insuranc
Co. OF California;.

The undersigned committee, representa- g the pol
icy holders Of the Pacific Mutual Life ms uance Co
Of California, resident in Oregon and washington
peted q careful examination Of the business affairs
and assets OF said company and nd the assets TO be
correctly set forth in their annual statement OF date
December 81, 1881. As TO the liabilities, the CON-
mittee accept correct the valuation Of the policy
reserve made by the insurance commissioner Of the
During the year 1881. the company svailed itself
Of the advantage offered by the amendment to the
law under which IL organized, providing for the
retirement Of the unsecured notes constituting its
guarantee fund.- and returned all those notes to their
makers, thereby relieving itself OF all liability &C
cruing under said notes. without In any manner re-
ducing the admitted assets imparing the respon-
sibility of the corporation.
The company. In October last. removed its princi.
pal ONCE from the city of Sacramento TO the city OF
San Francisco. and now occupies commodions quar-
tiers ct AS California street. In said last mentioned
the advantage Of the corporation. has been accom-
plished without any increase Of expense; and, IN
fact, the ONCE expensfs OF the company nre now ma
terialy less than before the removal. We met most
OF the directors OF the company and were present
one session Of its executive committee, aud found
the gentlemen controlling the corporation TO Ss
business men Of San Francisco. Every facility aud
courtesy possible extended to ensole us to AZ.
the company its mode OF doing business, the char
scter OF its securities, its system Of accounts and
checks-one department and ofhce upon another.
From our examination, we feel justified In saying
that the company 10 upon . sound and enduring ba-
sis it, Affairs managed honestly and with prudence
and energy and that there 10 every to expec
that from the present time Its growth will be .
rapid - It's friends could wish.
In conclusion. we ssy that We are well satisned
with our insurance In the Pacific Mutual. and have
no hesitation in commencing II to such Of our citi
gems desire to effect insurance upon their lives
J. W. GEORGE,
J. McCRAKEN,
Committee.
SAN FRAxcIsco CAL. Feb. n, 1881.
OFFICE ISsURAscE COMMISSIONER.
SAN FRANcIsco March 20. l682
Dr. Geo. A. Moore. President Pacific Mutual Life
lwsurance Co., San Frdncisco: DEAn sn-Herewtth
you will nnd the certificate Of this once Of the capt.
al Assets and liabilities Of your company for the
year ending December 81. 1881 In forwarding which
hold Il 70 be due to you to congrat-
ulsts you upon the wise retirement, ny
authority Of law Of the guarantee notes which since
been : part Of It's assets. whereas In fsct In my
Judgment, they were an element OF annoyance, and
source Of outlay entirely beyond any possible good
they could be 10 either the policy holders o.
company The sssets now are real. sannoie end
good which conditlon, may excusahly add, 10 due
TO iutojligent. jndiclous management OF the COM
panye aAalTn. Life insurance, Of late years IN this
stats. eaa oeen conducted upon more legittmate
basis than formerly; The companie. admitted 70 90
business here exercfslng prudential caution IN IN
curling rlsks. ard meeting their Losses IN IN honest
eeslnsss line xays 70 oescs shs number sscs'''ns
J. &. MAYNARD.
Insurance. Commisnioner.
An sensible people sudsdng with rheumatism
M pfnndor'o Oronon Mod Purifier. Sold =