The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1896-09-22
GREAT FATHERS!
Row the American People are
Frightened.
PRES. GREEN'S LETTER DID IT.
Policy Holders Would be Paid in
Fifty-cent Dollars!
No! Not For the World Would He
See Them So Robbed
BY RESTORATION OF SILVER.
Mr.. Greene Don't Care a Fig For
The Policy Holder, Except to
Get all he Can Out of Them.
It is His Pockets That Interest
Him-He Will Cry Thief,
Thief, While He
HIMSELF DOES THE STEALING.

The circulars issued by Pesiden
Jacob II. Greene of the Connection
Mutual Life Insurance Company
stating the position of that corpora.
ton have aroused the indignation Of
the policy holders in Colorado. One
of them O. B. Steep, a director of the
Congressional Gold Mining Company,
has sent him hot reply denouncing
his unwarranted interference in such
affairs. Among other things Mr.. Steen
whose home is at Pitkin, Col, says:
"There seems to be a great worry in
your philanthropic (?) soul about the
families Of your policy holders being
paid in Iifty-cent dollars if we return
to free coinage.
81 would remind you of the fact
that the standard silver dollar has
always been and is to-day worth loo
cents, not only in our own but in
foreign countries as well, and for the
simple reason that it will pay loo
cents Of Indebtedness or balances due
us from foreign countries, and will
pay 100 cents of indebtedness or bal
ances due us from foreign countries,
and will buy 100 cents worth of
American products. No other dollar
can do more, no other should do less.
THAT it will continue to be worth
as much there is no question in my
mind, even under free coinage indie
pendent of every other nation upon
the face of the globe.
$50 you can possess your soul in
peace SO far as my policy is concerned
as am perfectly willing it shall be
paid in the lawful money of our coun-
try, whatever that may be.
"You seek to perpetuate the single
standard OF gold as measure of
values. In establishing the single
standard you have taken one half of
our property and now seek to render
the other half valueless.
"The cost of gold standard to our
country within the past three years
has been something enormous, hun
dreds of millions of bonds sold to
maintain the gold reserve above an
imaginary danger line, depreciation
of all kinds of property to the extent
of thousands of millions of wage
earners and wealth producers.
"The cost of the gold standard to
our people is well illustrated in the
fiftieth annual report of your company
issued Januery /, 1896. In that
report you state that during the year
you foreclosed mortgages on real
estate to the amount of 1861, 535.94,
which as you claim to loan but 40 per
cent on conservative valuation, rep
resents over 100000 worth of farms
that have gone from their owners
forever for 40 per cent. of their real
valne. You further state you have on
hand, unsold, over 81, 0OO,O 900 worth of
real estate that you have foreclosed,
principally farms, in the great corn
belt of the west, forever lost to their
owners for 40 per cent. OF their value
"Had prices of farm products re-
NAMED at profitable point, is it
reasonable to suppose that large
proportion of these farms would still
be in possession of the owners instead
of your company, and would have
been occupied as homes instead of
temporary hsbitations by tenants who
cultivate the lands for the resident
"In the same report you state that
the amount of interest overdue and