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Browii. Sec. -Tieas. Il. S. Stevens, V'ice-Pres. Jesse J. Biuker, Actuary. ASSETS, 116, 574, 861, 00. A Purely Mutual Company, loi/h no Stoek- holilern to abtorb its earnings. Surplus Returned Annually to Policy-Holders to Reduce Premiums or Increase Insurance, The Official Reports show the Penn Mutual to be one of the leading companies in the country. Its returns ot surplus have been more in number and of a larger average per cent than those of any other. This company issues all ajiproved form...s of con- tracts adapted to every legitimate need ; for pro- tection, for investment, and for both ; for long or for short periods, at the lowest, sure rates. Its jjolicies are sijuurely reciprocal, free from ambiguity and objectionable features, absolutely nttnforfeitahfe (fn(nneontesial)le. For particulars, call on or address, A. W. SMENNER, General Manager for Southern California. Office, Marston's Block, Cor. F and Fifth Sts. SAN DIEGO, CAL, |^"Good Solicitors wanted for this Company. CALIFORmA.
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