The herald., 1893-02-11
GREATEST IN HIS LINE.
President Henry B. Hyde Of
the Equitable Company.
He Visits Southern California and
Is Charmed.
A Man who Has Travelled Round the
World Says This Section is Unex-
celled-some Facts About
His Insurance Go,

Among the distinguished visitors who
have been in Southern California during
the past few weeks is Henry B. Hyde,
the president of the Equitable Life In
surancs company of New York. Presi-
dent Hyde after devoting week to the
country south of the Tehachepi, re-
turned to the east. While here he Wis
tied all the various points of interest,
including Santa Barbara, Ventura, Riv-
erside, Coronado, Pasadena and Red
lands. With the whole country, and
more especially Riverside, Redlands
and Pasadena, Mr.. Hyde was delight
fully impressed. The extensive orange
groves and beautiful homes of these
three places named were really revela-
ton to the distinguished underwater
and he was not at all slow about ex-
pressing his surprise.
President Hyde is a globe trotter,
having completed a tour of the entire
world within the past few years. This
was, however, his first visit to Southern
California. He regards it as the most
beautiful spot he has ever seen. In
fact, Mr.. Hyde said to HERALD repre-
sentative: "Yes, sir, have beheld all
the famous and noted countries of the
world, but taken as whole Southern
California outranks and outshines them
ALL"
This remark coming from a GENTLE
man of Mr.. Hyde's experience is a COM
| pliment of which every friend and we'll
wisher of this section can be proud.
Henry B. Hyde, the president of the
Equitable, is apparently gentleman 55
or 60 years of age. He has a most in
teresting personnel and is known and
recognized as one of the greatest under
writer's that the world has ever seen.
He is man of great intellectual vigor,
remarkable physical activity and great
force of character. The company OF
which Mr.. Hyde is the head ia one of
the largesS institutions of its kind on
either continent. 1t is in truth a
veritable giant among the financial in
stitutions now in existence.
In order to give the reader an idea of
the almost incomprehensible magnitude
of the business of the Equitable it is
only necessary to say that it now has on
it's books something over $500, 900, 900 of
insurance. This vast sum is 500, ,000, 600
in excess of that of it's nearest compet-
itor.
The three greatest live insurance COM
panies in the world all have their head
quarters in New York. OF these three
companies the Equitable is the Junior in
point of age, by from IL to 20 years, and
yetthe paid business on its books is
millions in excess of either of lis COM
petitors. This remarkable fact certainly
speaks volumes for the able manage
ment of President Hyde. It is the finest
priD<-s-+A DO T,s-1Ss- lifxr
of any gentleman occupying the po-
sition that he doee.
President Hyde is modest, retiring
gentleman, with keen eye which lights
up his face with intelligence to re-
markable degree. While here he was
asked to what cause he attributed the
growth OF the Equitable company dur
ing the last few years. He said:
81 will tell you why we have grown
80. We have always conducted the
affairs of the company on an economical
basis and in the interest of the policy
holders. This is amply demonstrated by
the fact that policy holders are today
receiving larger and better results on
bOAulAC PoiltOp th0A li6u CNOl OOOh PhAo
by any company on any form of
policy. These facts, when submitted,
speak more forcibly than the best argu-
ment ever made to advance any theory"
In this connection it is also we'll to
say that the policies of the Equitable
are absolutely free of the onerous re-
strictions and ambiguous technicalities
contained in the policies of many other
pnmnanInq If a that
practices what it breaches. It de-
clines to contest it's policies, and this is
given as one of the reasons of its univer-
sal popularity. This is shown whenit
is stated, and truthfully, too, that the
discriminating public is now placing the
greater part of it's insurance with the
Equitable, as it's annual new business
is millions in excess of any other COM
pany.
There is also one point which should
be noted in connection with the business
of the Equitable company. Included
among its policy holders are some of the
most noted financiers OF the day-bank-
ers, professional men and merchants.
Here in Los Angeles alone sevennl mil
lion dollars of this class of business has
been placed among men in the walks of
| life named.
President Hyde's trip to the Pacific
coast was business one as we'll as one
of pleasure. While here he made sew
eral changes in the agency department
of the Equitable. Recognizing the i'm
portance of Southern California, Presi-
dent Hyde set it apart separate and dis
tinct from San Francisco as an individual
agency. Mr. a. M. Shields, who has
| been for so long identified with the in
terests of the Equitable in this part of
the state. was appointed to the impor-
tant position OF manager Of the new dis
trict.
Mr.. Shields will undoubtedly fill
the position to the satisfaction of the
officers of the company, and his ap-
pointment was undoubtedly partial
recognition of the valuable services he
has already rendered. Mr.. Shields's
many Los Angeles friends extend their
hearty congratulations on his promo
tion.
uRAnOTTa Nnrzc