The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-01-29
INSURANCE
COMPANIES POUR
M0M[Y|MT0 STATE
Statement of Pacific
Mutual of California Shows
Company has $3.50 900 In.
vested in New Mexico Sc.
curities.

E
more than provide protection for the
families of New Mexico citizens these
days. The great life Insurance COM
panics. or q number at thcm, have
been investing money ~ NcW MEXICO
rccuritl. for q u of years past
until the sum total of these invest
ments has mounted into millions ~
dollars while many uf the principal
development enterprises at the state
Their very existence to the aid
a,ailah lc through these companies.
The extent OF the investments made
quite recently hy the life Insurance
companies ~ this state h. en- phusilcd
IN a summary If the annual report Of
the puCific Mutual Life Insurance
company Of california. which appears
Ia tins issue OF the Herald The Pa
ciiio Mutual was u pioneer IN the in
vestmcnt of life insurance funds IN
New Mexico. Up To la0 Very little
life Insurance money had bccI placed
in this state. The Pacific stItual en-
tered the held and with full conf
dence ia the state, It's resources ana
future. began placing money here aud
there upon substantial security.
IN. company's statement lor 1915
shows that on December -, 1915. It
had invested funds IN New McNico to-
falling nearly thrce-uuaiters ut "a mil
lion dollars. placing II. as To- total in
Vestuent oi this character. la above
every other cumpant nov operating
In the state. and an u greater
than the total resources OF some OF
The companies nov active ia New
Mexico.
other companies followed the lead
oi the Pacific Mutual until At present
nearly an of the LIE companies en-
gagged IN seeking new business IN the
state az, ieinS csting the income from
this business In New Mexico securities.
The annual statement ot IN. Pacific
Musual is az usual "a ~ lendii showing
Of advancement. Hut the outstanding
matter OF interest tor New M"xicans
viii he The COmpany's show M OF
th~ree-duarters al "A milton 'oilars now
At work here, aiding IN tbs. develop
rncut OF New M"Nicu's resources. This
total invested sine. lH19iS tn. largest
sum invested hy single interest
during the same period. with two ex-
ccpti"ns. the santa tc railroad and
tn, federal government IN c"nstruc-
ton of the Elephant liutt" i,r!satiun
project
The growth of the Pacific Mutuals
business In New Mexico wps remark
able even before n in%augurHtcd It's
policy OF lending money In this state.
T.. H. S~chwentk"r. general assent Tor
the company. has had the unusual
distinction Of having the territory UNI
der his jurisdiction extended again
and again. until from a small semi
local agency which hc opened some
twelve years age. he now has charge
ut The company business Tor New
Mexico, ~ Plso county, Texas. ana
northern Arizona.
Th' growth uf this agency also
serves 90 call attention t. another
important phase ut the insurance bust
ness, especially important tO this city.
Most ui b companies operating IN
New Mexico haN, either general oI
supervising agencies here. TEr month
~ payroll oi the Pacific Mutual. fni
instance, and the operating cost 81
the agency turns loose Sl,UUn in TN
city every month, and while TINS Is
The largest expenditure by my non
resident insurance company. 10 n but
an important part of IL hig total spent
every month IN this cit> boy insurance
men and their familics aud amount
ing IN the aggregate To q mater .al por-
ton OF the city's cash distribution.