Year: 1879

Life Insurance has become one OF the
| most important economical Institutions


Of modern times and powerful agent In


the accumulation of material wealth.
| The vast good continually accruing to
| the public and the government itsell


through this medium. is almost meal


culable. Hence, it is the manifest duty


of the public and government to foster


and encourage everything of an honest
| and legitimate character connected with
| the general life insurance structure OF
| this country.


Legislation should not be onerous, the
public should not confound the good
with the bad, rival companies should
work in harmony for the good of The
grand cause which they exemplify, and
rival agents should not defame their co.
laborers.


These remarks are suggested by q
movement which has been warmed into
faint life with the object of injuring the
business and reputation of the Pacific
Mutual Life Insurance Company, of CAL
ifornia. by the managers of certain other
Life Insurance. Companies doing busi-
ness here. There are, unfortunately,
people in the life insurance ranks who
Ieel convinced that the only way they
can build themselves up is by tearing
somebody else down. Birds OF prey do
not scent carrion with o more unerripg
instinct than that with which needy and
the business, hunt around for q weak
spot in which to attack q neighbor, pro-
yided there is the least possible chance
OF prospective gain, no matter what the
consequences be TO all except Them
selves.


the feverish desire in the quarter we have
designated to organize. raid on the Pa
cific Mutual, as the goodly amount of
business on its books and we'll organized
agency corps are we'll calculated TO water
the mouths of that narrow-minded and
envious class which are mean enough to
look for business at any cost, gorge
themselves with all they can get, and
thing left for anybodo else. Now, as far
as the evil result OF such movement on
the Pacific Mutual is concerned, II is un-
worthy ofa thought. as that company is
| too well fortified behind the bulwarks OF
financial strength and able and honest
management to fear any onslaught from
whatever source; but as an insurance
journalist whose desire 1t is to see legit,-
tutions of whatever kind prosper, and
| thus prove public benefactors, we cannot
| but raise our voice in protest against all


such guerrilla warfare, and shall vigor-


marauders of whatever stripe; and but


for the fact that we have been invited to


join In q contemplated raid, we would


expose the names of all parties concern.


see the meanness of their proposed ac-
| tlon and will .desist from further fool


hardness in that direction, we will spare


them that modification for the present.
| and unless we see further cause for our


application of the lash.


When i'll MANAGEMENT calls for Just


and proper criticism we are always ready


to fulfill the duty OF journalists, but un-


merited abuse and oppression is beyond


our sufferance, and SO long as the officers


OF the Pacific Mutual meet the obliga-


lions and responsibilities inn posed by


their positions, as they always have
done heretofore, they Will be entitled 10
the full confidence of the public and the


hearty support of this journal.


Now that we have had our attention


called to the d after, we cannot allow The
opportunity to pass without saying q
This company was organized in 1868, and
| has for over eleven years faithfully full
| nlled all Its engagements of whatsoever
nature, and at The same time gradually
poration. Its stockholders, who are
among the foremost business men and
capitalists of this State, have taken q
pride in seeing the company prosper and
have In every legitimate way contributed
sets OF over 81 100000 and a handsome
surplus, all Invested in approved securi-
ties, which yield an average interest Of
over IL per cent. per annum, and its year
ly Income is near'y half a million dol
lars.


The company has recently adopted
several new features which are. well
worthy the attention OF the public and
must render IL more popular than ever.
The oflicial staff combines faithfulness.
integrity and skill, ahd under their man.
the Pacific Mutual will continue to grow
In strength sand public esteom, despite
the machinafions or Jealous rivals ED
itor Avalanche.