The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1874-05-13

court, requires the. exhibition of this
contract, which has been prepared by
the company, and who have inserted ev-
ery proviso and condition in that docu-
mcnt, and, as matter of course, the
company were sharp enough to antlcl-
pate such cases, and provide for the
same. With this one-sided contract, 1t
seems to me that one cannot help being
reminded of the old couplet:
"Walk into my parlor,
Said the spider to the fly"
The reader doubtless noticed what Mr..
Branch said about the decisions or the
Courts in reference to life insurance. IN
I that as in his other statements ne ula
not speak to the point. Where did the
Courts so decide? Certainly not III the
State of South Carolina. In the States
of New York and Virginia laws have
been enacted for the protection OF the
widows of deceased insolvent debtors
who might have policies for their bene-
fit, No such law exists in South Caro-
lima. The only exemption allowed to
the citiZpns of tl,js State area home
stead to the value OF one thousand dol
lars and personal property to the
amount of five hundred dollars. we
contend that there is no cquity-or law,
either-to warrant an insolvcnt debtor
in buying policy or other evidences OF
Dunrrtv i'm the name of the wife, to
avoid tie paymcnt of all honest debt.
Would 4 Christian, who had hopes OF
his soul being All acceptable offering to
the Deity, make such an arrangement
on his diving bed? / think not. The
law demands that "thou shalt pay what
thou owest," and though it has seen
proper to exempt homestead and house
hold furniture, the exemption af lie
nolicy. as far as I am informed, has
never been made in this State.
Mr.. Branch says: ut is not life in-
surance that renders our people SO in1-
|noyerished, that wastes our money,
causes our lands to lie idle, and the Wa
tcrs of our streams to flow unprofitably
by.' It is want of energy and enter
Drisc on their part, coupled with fraud
and misrule on the part Of The powers
that be-" -.-.,-. :,
With this statementwe take ISSUE and
contend that our people are az lnd4s-
trious, ellergetica and enterprising asany
people on the face of the globe All that
our people want is a proper direction OF
their energies, and we will be the most
prosperous people in the world. Our
agricultural products are the most proht-
able crops to be found anywhere, while
the climate and society are superior TO
the best. If then, instead of throwing
away such vast amounts in life insur-
andc, our people would determine to I'M
prove their farms, build houses, facto.
rics, railroads, &C., our citizens would
become richer, and as q natural conse-
quence, our children would be better cd.
ucatcd, and raised higher in the social
scale, while virtue and civilization
would be advanced. .,,
Mr.. Branch concludes his article with
this remark: 80
Life Insurance is the noblest, wisest
and surcst plan ever conceived OF bX
man. for the benefitof. his fellow man."
l fully,coneur in this statement, pro,
vidcd his fellow man is an officer, agent
or stakeholder of q well-managed life
insurance company.
Owing to the length Of this article :!
will defer speaking of their manner of
Investing their funds, with reference to
the profits realized.
-..... d. PUBLIC POLICY.