Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1914-01-17
SPLENDID GROWTH
BY PACIFIC MUTUAL
IN NEW MEXICO
Total Business of State Agency
Increases From $4,000 in
1904 to $3.4s9,OO0 in 1913.
RECORD A WONDER IN
THE INSURANCE WORLD

The stator1cnt Of the business OF
the Pacific Mutual Life Insurance
company In New Mexico. for the past
year. and the record OF the growth
of that business In this state during
the past ten years, published in the
Herald today sets forth record of
ten years Of achievement ana phe-
nomenal growth which is wonder
in the lie insurance field
Ten years ago p o. Schwcntkcr.
general New Mexico agent for the
Pacific Mutual came here 90 look
over the field for his company tie
came Ia July and during the remain
der of that year wrote some S4S. 900
of new business. Ia september of the
same year he was made general
ascent for New Mexico and opened
offices IN Albuquerque The New
Mexico agency began 60 make rec
ords right from the start In 1898 a
total Of t37S,G00 was put In force Ia
1906 the total was close TO $500 coo.
In 1907 Il went over 8160.00O In
1908 IL passed the million mark mi
1903 IL jumped above million and
a half There were large increases
la 1910 ana 1871 and in 1912 the
total was above two ana a nalf mil
lion. And to cap the ten year climax.
Mr. SChWentkcr and his agency force
during 1918 made the splendid record
OF one million one hundred ana
ninety five thousand dullara worth Of
new business written Ia e single year,
bringing the total Of Pacific Mutual
life Insurance In force In New Mex
leo 10 the sum OF t3.iS9,i35.
This records exccls that Of any
other company In New Mexico
Ia new business in 1913. ItI
has made Mr. schwentkrrs agency
one OF the compuuys star agencies.
ana ranks as a phenomenal business
achievement. MT Schweutker has
been busy since the day he entered
tho state. His agency force has work.
ed with Is loyalty and enthusiasm
which could not help getting remark
able results ana the showing for
1913 ana for the ten years ~ one Of
which not only the general agent
but every man IN the Pacific Mutuars
service is justly proud
Naturally we are proud Of our
showing In New Mexico" said Mr.
Schwentker today "Our business in
this state has grown with rnpidity |
little short of phenomenal. Every
year has shown not only material
but an enormous increase over lts
predecessor and IN percentage ~ In
crease increases with every passing |
year While our 1913 record ~ fine |
We by no means feel that we have
tafH To-. f4HIN
very sure that during the present |
year we viii set ourselves new
record and one that win be- equally |
ne satisfactory AZ that made during
1913"
Since coming 20 New Mexico Mr.
3chwentker has found time not only |
10 build up the largest life Insurance
business in the state but has taken |
lively interest Ia the general de-
yelopmcut 81 Albuquerque and the /
state. Largely through his efforts
the company has made extensive |
loans la various sections ~ the state
for development projects. and these |
loans now total more than "a million /
dollars, 80 that the Pacific Mutual |
business strictly is keeping the money |
ai home Albuquerque has benefited |
by the company's faith In New Mex
leo through the financing Of the |
ca, 1mercial club building, the com
pnny taking the loan on the clubs
property which 81 now carries De
n elopment projects in peming. Roa-
Well Las Cruces and other sections
have been benefited materially by |
the use Of Pacific Mutual funds Til
New Mexico agency will again take |
rank in the companys 1913 records
as among the largest producers az
new business