Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-01-18
Planters Insurance ComYsny. of MI..l..

This interesting wild cat seems to be in
a state of dissolution, and If we can do
anything 10 help it "out Of its misery
we shall claim the thanks Of all ye chiv.
alric Mississippians.
The same party of adventurers, who
came from Vermont via Illinois to Louis
vile, KY, where they started the Hope,
the Security and the National Horse,
Felines Cate were the originators of the
Planters, which was duly chartered by
the sovereign State Of Mississippi, through
its Legislature in solemn conclave assem-
bled. They sold the charter at Louisville,
Ky, to others, who organized at Jackson,
Miss, and obtained an ornamental and
respectable President in the person of
Gov. Humphreys, to whom the merely
nominal and triang salary Of $4,000 was
paid.
The organization was on the baok-ac-
ton, guarantee-note, mutual-safeiy prin-
ciple. That is to say, the promoters gave
their own notes as guarantee CAPT
tai on which they were to draw ten per
cent annual interest, thus furnishing
happy illustration of how to live on the
interest of what you Dwell" With this
undoubted basis of security, and o few
blood and thunder newspaper puffs, bust
ness was commenced and all went
charmingly.
Last summer the high-toned and ac-
complshed Mr. MlligaD, the Secretary
Of this truly Southern and touchingly
"home" institution, called at the Mont.
tor office and gave us his solemn assu-
rance that it was "all right" We thought
at the time that Mr.. NJ. might be labor
ing under delusion, as we had other
assurances from several respectable par
ties that it was "all wrong" but as the
Planters was home affair, intended
ito keep the money Of Mississippians
within the State" and as they had not
had much experience in that sort of
thing, and as they might as we'll cheat
each other and get their eye-teeth cut by
this instrument as any other, we did
not regard the game of ventiating
it as worth the candle. Mr.. Milligan is
now either strayed or stolen, having come
to Louisville to fix up" some little ne.
gotiations with the directors resident in
that virtuous city, since which time he
has not been heard from. We are deep
ly panied at his untimely disappearance,
for be wore good clothes and parted his
back hair; in short, he was a nice man
generally-and the more so, as he had
with him what spare change the Planters
was possessed of, and the exchequer of
that great corporation is reduced to the
most humiliating fatness by the pro-
longed absence of its estimable secre
tary.
The Planters has been bought and
sold three times within year: l. To the
Directors, by the Louisville gentlemen.
2. To Mr.. Milligan, by the Directors.
8 To Allan Gibson, of Illinois, by Mr..
Mill;gan. Now that the pure minded
Allan Gibson has secured the reins of
government, all will be lovely. He and
"his thirty solicitors" can roam the fer
tile and thickly populated plains of Mis-
sissippi and CLEAN their fill of risks
perhaps.
There have been some instances Of bad
memory in the company in regard to the
payment of losses, but we presume that
will be made "all right" June and July
fires were adjusted in November, and
have not yet been paid. Not to put too
fine point upon it, there are some in
conveniences about payment at the pres
ent moment, only 5000 being in bank aud
their bills receivable the only other
available asset--amounting to $4,000,
while the claims for loss amount to
$4,000, and more coming.
Probably the Governor and Allan Glib
| son will be able to relieve this little awk-
wardness if not, they can pass round
the hat for stamps enough to give the
| Planters decent burial
WHAT TO Bur, AND WHERE TO Buy
lT.-When you start out to purchase any
thing, no matter what, it should be your
first aim to get the best that can be found,
let the price be what it may, for the best
is always the cheapest Some people
think that the mere fact of on article
being high priced, is sufficient evidence
of its superiority, This ia not always
the case. 1t depends, to great extent,
upon where the purchase is made,
Some merchants have very inferior ar
ticles for which they demand high prices,
others have superior goods which they
are willing to sell at reasonable prefit,
Now the last named are certainly the
ones who should be pstEonized. We do
not propose here to give our readers a
list Of the different merchants in our city,
but merely wish to call their attention to
the hose of our friend, Mr.. T. s. Jukes,
Ill
commend him as belonging to that class
off merchants VIC keep nothing 5a. ITO .as
very best quality of goods, and are
willing to sell at living price. Mr..
Jukes is the sole agent, in this. city, for
the sale of the celebrated Favorite Car
dinal cook stoves, than which there can
be none better. He also has on hand, at
all times, full assortment of lamps Of
the latest and most approved patterns,
oils of the very best quality, CRATES, tin
ware, etc. Now, if you wish to purchase
goods of the best, and get them at
reasonable prices, Mr.. Jukes is your
man.
NICHOLSON PAvEMENT.-The contractors
have finished all of the work of paving
with the Nicholson pavement let to them
in this city. The Chancery Court has
decided the question of the property
owners liability in favor of the contrac-
tors. The contractors are required by
the city to enforce the collection of this
tax by suits against the property for its
oo.l.-oot;on ond cola. banoa NO sball