The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-29
INSURANCE CONFERENCE.
The Closing HOurs-Some fracteAl
Talks by Well Informed Insurance

! The Closing Hours-Some Pracneai
| Talks by Well Informed Insurance
men.
Southern Pines, n. c., April 2S.-tSpe-
ciar-I sent last night the account or the
Insurance Conference proceedings up 10
the night session. At night the CONFER
ence continued.
Mr.. II. T. Hay, General Insurance A
gent at Raleigh, said that Life lnsur-
anee companies are willing to make loans
in States that have satisfactory laws.
Mr.. J. d. Boushal!, State Agent of the
Aetna Life, said the people of the South
do not properly appreciate the value OF
their property, they should value it at
higher price for taxation. The mana
gers of the Insurance companies are cold
blooded business men, who only look at
safety and profit. The South must make
better showing if they expect to obtain
loans.
w. S. Parker, of Henderson, made an
address. defending North Carolina and
claiming that this State offered ample
security for capital, and that the laws Of
North Carolina offered full protection for
the security, and payment of loans. There
is valuable real estate, solid brick build
ings. ample fire protection to secure the
creditor.
REMARKS OF CARY J. HUNTER.
The proper places in which to invest
the funds of the Insurance companies,
are the places from which they obtain
their business, provided the proper Sc
curity can be given. My company, the
Union Central of Cincinnati have loaned
on real estate mortgages in the Southern
States during the past fifteen years. Over
four million dollars, and they are great
ly pleased with their investments. Our
treasurer has lately made an extended
trip to aid in making loans. We obtain
a larger rate of interest in the South, than
we can get at the North, and with safe
ty and complete satisfaction. We have
had no trouble to enforce collections. l
consider North Carolina property and
North Carolina laws as being ample to
secure parties in making loans The sys-
tenn of taxing in some of the States is
burdensOme.
Calls were made for Mr.. l.. WittkOw-
ski, retired merchant and now a bank
err in Charlotte, n. c., who responded as
follows:
REMARKS OF S. WITTKOWSKI.
1 have listened to the discussion with
right solution. The cause of our diff
culties is partly political and party
our own report to the world of our pow
erty, and the impoverished condition OF
our farmers. / can testify that the
Southern farmers are in better condition
now than they have been for thirty years.
We must convince the world that our
lands are valuable and that our farmers
are making money. The Southern people
are as class honest, and they will pay
their debts. l have collected many thou
sands of dollars from my customers.
One trouble is, there are no customers
for farm property in case of forced sale,
we need more population and more credit
banking.
The best way to get your insurance, Is
to create home companies, and get your
insurance from companies nearest home,
and for home companies to sell insur-
ance at home. A commercial maxim
SAYS: The best market for the seller, is
the market nearest his home, and the
best market for the buyer is the market
nearest home" The same rule holds
good with insurance.
The President, Mr.. Bryan, closed the
+, conference by announcing that he would
prepare circular letter, and send to the
various insurance companies asking
them to state clearly the difficulties in the
way of making loans on real estate
mortgages in the South, which informa-
/ ton would be placed before the General
| Convention to be hold in October next,
F.. and of which meeting he would give no.
tice of time and place. After extending
| to the members, and to the citizens of the
| State cordial invitation to attend the
| Centennial Exposition at Nashville, he
! declared the meeting adjourned.
! f. 3. ARENDELL.
J AETER THREE TRIALS.