Omaha daily bee., 1893-08-20
Tho GOOD and the Had.

OMAHA, Aug 19.-To the Editor of The
BEE: In regard to the recent criticisms and
structures Of the press on bond companies,
we have this TO say; that we make no de-
fense, nor have we any desire to defend
irresponsible and unlawful concerns that
issue bonds to the credulous and unwary,
any more than we have to defend so-called
insurance companies and building and loan
associations, that like mushrooms have
grown up in night, we leave the merits of
each of those Institutions to the Judgment OF
discriminating public. 1t is the business
of our company to present our system OF doing
business to the public in a business way and
to give them all we promise. We are legally
Incorporated under the laws of this state,
have not been interfered with by anybody,
and have no fears of being disturbed by
either the state or federal authorities.
The abuse recently heaped upon bond COM
panies, emanates from persons whose love
for the dear people is not so great as their
fear of formidable rivals, with whom they
are unable too compete. A failure of argu-
| ment too frequently results in abuse, but it
never corvinces any one. We are willing, at
all times, to compare our methods or our
system with any Of our rivals.
There are, unfortunately in every com
munity some persons who are constitutional
| negatives. They seem to deem 1t their duty
| to oppose every new theory advanced, and
| every public measure proposed They
| are clogs in the wheels of
| progress hindrances to the development and
| advance of new principles and enterprise.
| To decry everything that does not emenate
| from themselves or belong to their narrow
| range of thought, seems to be the principal
object of their existence. That such COM
mand attention is fortunately no evidence
| of their merit.
That a thing Is new is no reason why it
| lacks merit. Such Is the rule of the unreas-
| oning All the institutions around us were
once new and untried. Yet lapse of time
has proved them founded in wisdom. Life
| insurance was once not only new, but was
denounced in strongest terms, and pro-
nounced sacrilegious and wicked II was
charged with being an incentive to con-
| spiracy, fraud and murder; it was denounced
| by the press and preached against from the
pulpit. Yet it survived, and the nations of
| today rise to call its workings blessed. Mil
| lions have reaped it's benefits, and millions
yet unborn will spring to life and Joy to
| sound it's praise. .-... s- .-
Building associations which dot the broad
land with their thousands of organizations,
and tens of thousands of upbuilt homes. had
| their birth In newness Their history
| proves their worth and calls for trumpet
| sounds of praise wherever honest industry
strives for sturdy gain. No intelligent per-
| son of today even attempts to dispute the
| facts that a review of the history of these
two great financial enterprises develops.
For nearly every city, town and village IN
| the broad land have within their borders
evidence of the benefcence of one or the
other of these two systems, to which they
point with pride and satisfaction. If the
investigation shall prove that there is
within our borders a better than they. let
| us not forget that this is the age of progress
and practical materialism, and that to lm-
prove upon the old is not to rob it of the
honor 1t has won, nor to decry the good of
its particular sphere, And let us, mol forget
that the humbugs that have arisen in those
institutions do not argue against the system
on which they are founded.
| T.. p EVANS
! Secretary Peoples Investment Co.
Leuvenmark dives today at Courtland