The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1902-07-05
Insurance Convention.

From the Mississippi Bureau Of the
New Orleans Picayune we copy the fol-
lowing report of the proceedings of
the convention, called through the
vicksburg Cotton Exchange, and held in
Jackson on the 2nd inst, to take action
looking to the calling Of special session
Of the legislature to repeal certain SET
tions of the new insurance law that
seriously affect the cotton industry of
the state. 1t is to be hoped that the
efforts of the convention will be fruitful
Of good results. Below will be found the
resolutions adopted by the convention
The businessmen 3 convention met here
this afternoon and adopted series of
resolutions which appear elsewhere fully
explanatory of the situation as regards
cotton insurance. The convention was
presided over by Major r. W. Millsaps,
of this city. Governor Longino, who
was present listening to its deliberations
was called on, and responded that he
felt warranted in saying that his past
record was sufficient guarantee of his de-
sire to do anything in his power tor the
business interests of the state. He said
there were many difficulties in the way
of calling an extra session of the legisla-
ture. The personnel Of the legislature
was identical with the legislature which
passed the present law, and the question
of insurance in all it's phases was SUBJ
mitted to it. The legislature was not
more positive about anything before it
than it was about retaining intact the
valued policy law. The governor was
open to information as to the necessity
of the case.
There were over hundred delegates
present, large number Of whom were
from Vicksburg.
The work of the convention, which adj
journed at O'Clock this evening, was
summed up by the folio wing resolution !:
"Your committee appointed to devise
ways and means for securing to the peo-
pie of the state of Mississippi insurance
for personal property under the blanket
forms, having carefully considered the
same, have come to the conclusion that
the only recourse is by legislation,
Therefore, we recommend that a
special committee, composed of one rep
resentative from each congressional dis
trict and FIVE from the state at large, be
selected by the chairman; whose duty it
shall be, first, to Immediately ascertain
from the general managers of the various
fire insurance companies doing business
in the state whether, If the valued policy
law is repealed, in so far as it relates to
personal property, they will issue the
! blanket form of policy on cotton ard
other personal properties as heretofore.
"Second-In case an affirmative reply
is had from reputable number of strong
fire insurance companies, the committee
should report the same to the members
of the legislature i'll circular letter and
request from them an answer IN writing
as to whether, if the governor called a
special session Of the legislature, they
would favor the repeal of the valued
policy law insofar as it relates to cotton
and other personal property.
"Third-In case favorable replies are
had from a majority of the legislature,
the committee shall forthwith report to
the chairman of the convention and III
company with him wait upon the gov
ernor Of the state, laying before him the
results of their labors."