Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-04-09

AMONG the movements on fOOt, IN
Tennessee, to advance its prosperity,
by retaining at home portion OF
the money 70 unwisely sent abroad
by its people, we notice, with plea
sure, the Tennessee and Kentucky
Life Insurance Company, lately char
tered by the Legislature. That such
institutions are valuable TO the coun.
try may I've safely inferred from the
number already In existence. Ifthey
were not profitable to the companies
they would soon be abandoned, and
II not safe to the insured the people
would soon cease to patronize them.
The charter just mentioned, is
framed with great care-its provl-
sions looking to the solvency Of the
company and the security Of its pol
icy-holders. The incorporators are
ID. N. Kennedy, w. A..Quarles, VIM,
M. Daniel, III. H. Lurton, d. Wea-
yer, Robt. Furguson, John F. House
and r.. Y. Johnson. The capital
stock, we are assured, will be prompt
ly raised and the company ready for
business. ?
We hope that all who have money
to invest will appropriate It in this
direction rather than IN the pur-
chase Of Federal bonds, and that the
people, generally, will periodically
look to the prosperity of Tennessee
az high duty, Instead Of going
North to seek Investments or buy
policies from a people who regard us
as fit subjects for oppression and in
suit, aud unworthy Of Justice or SYM
patty. The idea we intend to con-
vey Is not restricted to insurance
companies; but applies to all who
overlook home interests and foster
those Of the North. We want moth
ing from the North-not even ice
which we cannot produce at home,
and the error fallen into by our peo-
pie Is the failure to supply their own
wants, and thus continue their de-
pendence upon those who hate them
with an undying hate. The whole
people of the South are to blame for
subserviency to Northern interests,
and since our commercial destiny is
in our own hands, we must make
ourselves independent of outsiders, or
continue to be political slaves, as
well as commercial dependents.
The North sends South for cotton,
and the South sends to the North for
cotton goods, paying freights, COM
and profits both ways. So
with wool too, Is it wise economy
or good policy to do this? All will
say no. Why do it Is it because
we have not the genius and energy to
work up our raw material? No! 1t
Is simply because we have not the
right spirit, and because we lack the
concert of action and the unity OF
feeling necessary to the concentra-
ton of capital and the eradication OF
that selfishness which induces each
one to seek his own interest regard
less of the general veal.
In the days Of slavery each planta-
ton was an independent municipal
ity, and then was established that
feeling of individual independence
which stified all idea of community
of interest, and kept out of view all
necessity for unity of action. Hence
the absence, then and now, of asso-
Citations for the concentration of cap
ital to accomplish important ends.
Then rs now, each man felt himself
competent to look after his own in
terests, and left his neighbors to be
similarly protected and the country
to its fate-whethe good or evil.
1t il time this mischievous folly
were done away with-that wisdom
were shaping our policy and teaching
the fallacy of individual independ-
ence. Every aspect of affairs
whether political or commercial--de.
mands associated energies, in the
South, and such a concentration o
capital rs will erect factories and
workshops, and create such a divers.
ity of pursuits as will invite immi-
grant labor and capital, and give
employment to native brain and
muscle.