The Ripley advertiser. [volume] (Ripley, Miss.) 1843-1897, 1882-11-11
The stMutuaI Fire InsuraRce" Question
TUpELo, Mss. ,.oOct. III, 1S82.'

seen the article OF my honorable
friend, H. M. Street, in your paper
Of the 9th, commenting on some
remarks Of the Comet on the sub
ject Ofmutual FIRE insura nee in con.
nection with the Lee Mutual Fire
Insurance Association of Tupelo,
Miss. IA ,fug' .
Ny friend seems to be somewhat
agitated on the subject. We are
very much gratifed'to. witness his
deep concern for the interest Of the
'Fire Insurance Fraternity" and
hope he will give the public, from
time 10 tims, through the press, the
information, in facts and figures,
we all so much desire in relation to
matters OF suchmomeNt to othe pub
hc, which his eminent position in
said ''fraternity" will enable him to
obtain.
"- To be more specific: Will my
FREUD do the country. (which has
delighted to honor him in the past
the great favor TO inform them
through the prass, the aggregate
Eamount of premiums collected, and
Ithe losses paid BY this Sire En4ur-
tance Fraterhity,",in this State fora
term of years say five or ten
years mot isolated half years, OF
quarters, nor what this or that
agent did, bat give Us Affair stare
nent that will do to base our Opin'
ION or calculation upon; SO that the
people may see for tbsmsfe,l yes who
| is deb,orEtllise gSsikf6ldSEhs In
suran.e fraternity y,s'Aw4tif itSsAmI-
lions Of capital and braps." or tke
people who hafe'beeh paying the
premiums, ..
Why, sir, to hear some or these
Fire insurance l1raterhityP agents
Ilalk, one would think all those mil
lions they delight to rsferto were
made up or paid up capital stook,
and that these aAseashaas assets" as
| they term them, were the only
sonrca Frd4a wllchYthey drawto pay
losses. Que agsntdSihS 2businesS
in the WESTERN part Of the State, af-
Ter dogging Ne (oOteteps Of one OF
our agoAts, for several days, trying
with little snccessJlo set tho sher-
if and mafShale Oh piIn-4iaspcd a
very windy circular to his patrons
warning them, etc, claimlEg that
lhe represented s'Sl9O, 100000, cash
assets" Fewsmsa,exee they be
EGreenbackers, can comprehend
readily such tigbfdesN egCto the
'brains" ks rapseeentaiE B eid n"'
give the quaEityz6gsres were in
adequate. NVgS aFfATasl Know
my honorable frisad4a5xempt from
those extraysgmcesw.thqqgh no
doubt a strong believer tRfcapitsi
and brains,"'
! | refer to these manifestations
simply.to show, thar my ftisnd is not
alone; the whole."irateFnityP 10 agi'
tated on the subject of mutual fire
insurance. What we desire, and
the lnai6JobtecJ, ot5this paper is to
elicit diJchssibn. a1Rjes plit tual as
sespment PLAN eEbieh is meeting
with such a gshAr Encouragement
among our peopIe, S an experiment
as yet, When appttedttq fFe insur'
ance. Isthp6 gh astrpngt believer
in the plan, am not prepared to cay
what. the ultimate result will be;
hencs4ian anNons THAT the dues
ton be thoroughly discussed By the
wise as we'll as the simple, SO that
the people may be informed, Tor
thew xtl1Saare to receixa.the bless
Iings or bear the burdens of this
! true OF false theory.
| will suggest another query to
nv friendthe champion Of the "Fire
4 Insurance Fraternity" How is il
that the MUTUAL assessment plan is
go good in life insurance and so bad
lin FIRE .lnsurance9 ! find these
agents Of this 'fre Ainsurance fra
ternity" yours, who are opposing
and trying to belittle this mutual
assessment plan in fire insurance
every part Of the State, are the
strongest advocates and are the
heaviest insured in these Mutual
Lite Orders. Indeed, 4 find my
Ifriond an officer and dTgnltAlg in
4 one of the.mutual lite Associations,
I(chartered by our State9 together
with such an artayof distinguished
| names thatit is almost painful fol
the eyes. to look upon the List.
In conclusion let me reiterate
s1yt e.. a. = likknSnt,s.i,