The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-09
REMARKS. Market dull and nominal. Del
prs' stock N, 900 bags.

A NEW GEORGIA INSURANCE. LAw.-The savan-
nah News publishes the text Of m act pnHRed Mt
the recent Legislative session In that State FOR
the purpose OF more thoroughly enforcing the
law Of October. 1877. The title ~ the new not is
ITO define who arc ngents Of insurance compn-
MOS not Incorporated by Or under the laws Of
tho Stnte. and to fix their liability when acting
without authority of law" Section | declares
thnt any person soliciting insurance for COM
panies not organized under the State laws. or
In any manner whatever (several acts are spect-
fed which are intended to name all that can be
done for Il company In a representation or
| agency mannerl shall DO held to be its agent,
and as such shall be- subject TO Ill duties. re-
uulrements md penalties now or hereafter to
be imposed by law. Section declares that any
person who shall thus act as an agent before
such company has complied with the State laws
and received the States certificate OF authority,
shall be accounted guilty Of misdemeanor.
and shall. On conviction. be punished. and shall
also pay d sum equal to all taxes and licenses
| which the company would be required to pay.
Tho remaining sections provide that whenever
any person SO acts as agent. the company shall
| be held to be doing business in the State and
shall Immediately become subject to the same
taxes DIS arc imposed upon home companies.
| and the person % acting shall ~ held person
ally liable for such taxes. and also personally
| liable to the holder of the insurance policy In
respect to which the ager cy act was done for
any loss covered by the policy.
SMALL CorroN MILLS columbus taa.D En-
uurer, The Clement attachment may be I'm
proved to that extent which will work o revou-
| ton iii the South. We give an. article to day
regarding mill In South Carolina. Removed
| of all its surplus &c Of words. It only gives
| what the Eagle and PhTnix mills of our city
| have been doing for years-only lar more rap.
| idly-that Is. ginning cotton from the seed and
this establishment used 62a bales Of cotton-liDt
obtained from seed cotton purchased and
ginned on the ground. Unfortunately. few
| places have such y grand industry. None such
| exists In the South. 1t was reserved FOR the big
brains OF q slow town TO evolve and carry
ment will approximate to anything like what
is claimed for 1t. there will be an awakening Of
dry bones in the land. The spirit of enterprise
| will enthuse every energy and Hro the brnin to
activity. The dullest will SEQ money In new
/ fields and make green pastures where hitherto
was 4 barren waste. Plantations can combine
and have their little mills for the production Of
yarns and the water powers b utilized. Then
again, they will add stimulus to invention and
| Improvement The article alluded to Is of great
interest. especial whore the gen us OF activity
| Is presiding and all classes desire to benefit
their fortunes. Who knows but a new era may
be .dawning In our section. which may
| time when the South would manufacture the
yarns and coarser cloths the world requires.
| We hope for that and something better and the
| Clement attachment to be improved and the
Eagle and Phoenix mills are pioneers In that
direction.