The herald and news. [volume] (Newberry S.C.) 1903-1937, 1905-07-28
PACIFIC MUTUAL'S GROWTH
AND GOOD BUSINESS
METHODS.
Notable Work of Popular and Pro-
gressive California Company
Its Eminent Heads.

ne T dllllS ~ ll'eaA ]~--S
.comoanv OF California came INTO
large prominence in the daily press
recently through its promptness IN
paving death claim to the WIDOW OF
Charles H. Wellnan OF LakevlIle'
Ohio. within three days after the
death of Mr.. Wellman, in the wreck
Of the Twentieth Century Limited, at
Mentor, Ohio. Mr.. Wellman carried
a $4,000 accident policy with the "a
cific Mutual which doubled in event
Of death in a common carrier. Ihe
accident occurred on Wednesday,
1une 81. and although the companys
home office is 5000 miles away, the
perfect system OF identification used
bv the Pacific Mutual enabled It TO
send check for $4,000 on Friday.
June 25.
Careful Conservator.
The Pacific Mutual, through its de-
yotion to the interests OF its pollcy-
holders and its promptness in paying
claims. together with the security
which it offers by its unique legal or
ganiza,ion, has come to be regarded,
not only in its home state but also
throughout the Union, as a careful
conservator OF the sacred trusts with
which it is charged. According to
last reports, no company in the coun-
trv is showing larger percentage OF
increase in its business than the "a
cific Mutual. The month of May,
1908, showed total Of new business
written IS per cent greater than in the
corresponding month in 1904.
Directors Responsible.
The Pacific Mutual is tremen-
dously active organization, and offers
to oolicvholders contracts which COW
er every conceivable contingency
which can arise in mans lite, name
". accident, disease, total disability
and death. These policies are safe
guarded by an old law OF California
which is now extinct, save as 1t ap-
plies to the charter Of the Pacific
Mutual. This law makes each dlrec-
tor of the company personally liable
to the extent OF his, private fortune
for the misuse or embezzlement OF
the companv's funds. The result OF
this is to give the Pacific Mutual a
hoard of directors who do not absent
themselves from the regular monthly
meetings OF the board. There are no
dummies, and the directorate con-
sists OF fifteen Of the foremost busl-
ness men OF California.
Dr.. Moore At The Helm.
The organization is headed by DR..
George A. -ioore, as president, whose
portrait appears in the Insurance
Press today, and who has been chle1
executive of the company for almost
thirty years Of the thirty-eight years
Of it's existence, the first president OF
the company having been governor
Leland Stanford, who was also its
first policyholder. DR.. Moore is an
insurance man by inclination and
training He is one OF the few execu-
f;ves who have begun their careers as
solicitors.
Profitable investments.
While native of New York City,
Dr.. Moore's professional and business
career was started in Leavenworth,
Kansas. whence he came across the
mountains in the '7os to join the ranks
OF the Pacific Mutual Of California.
No man in the state occupies a more
enviaple standing for his integrity.
agzressiveness and his devotion to
California than DR.. Moore. He has
directed the investments of the COM
oany in a way to best conserve the
interests of the policyholders, ena-
bling the Pacific Mutual to pay very
large dividends and at the same time
to take large part in the develop
roent OF the home state. The magnih-
cent street railway systems OF south
ern California have been financed by
the Pacific Mutual, as were the first