The leader., 1902-07-09
EXTRA SESSION WANTED.
Convention Looking to the Re-
peal of the Valued Policy
nnxr
Special to the Times-Democrat.

LAW
Special to the Times Democrat.
JACKSON, July "A convention com.
posed of representative business men
of the State, numbering about $50, met
here this afternoon to consider the
cotton insurance situation and to dis.
cuss the advisability or necessity of an
extra session of the Legislature. Ma,
jor r. W. Millsaps, President of the
Capital State Bank of Jackson, was
called to the chair.
Major Millsaps reviewed the situa,
ton which has resulted from the re.
cent decision of the Supreme Court
holding the co-insurance clause to be a
violation of the valued policy law, and
the necessity which thereby compels
the companies to insure cotton only by
marks and numbers. This, he said,
made it practically impossible to get
cotton insurance.
After mature elaboration the con-
vention decided that the most feasible
solution of the problem was to secure
the immediate repeal of the valued
policy law in so far as it relates to cot.
ton and personality. A committee was
appointed to devise the ways and
means of reaching this result, and
made the following report, which was
adODtnd ac follouc.
"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 form, having carefully con-
sidered, have come to the conclusion
that the only resource is by legislation
therefore, we recommend that a
special committee, composed of one
representative from each congressional
district, and five from the State at
large, be selected by the chairman,
whose duty it shall be:
81. 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law is repealed in so far as it relates to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 and
other personal properties as hereto
fore.
SO. In case an affirmative reply is
had from reputable number of strong
FIRE insurance companies the commit,
tee should report the same to the mem
bers of the Legislature in circular
letter, and request from them an
answer in writing, as to whether if the
Governor called special session OF
the Legislature they would favor the
repeal of the valued policy law in SO
far as it relates to cotton and other
personal property.
SO. In case favorable replies are had
from majority of the legislators, the
committee shall forthwith report to
the chairman of the convention, and
in company with him wait upon the
Governor of the State, laying before
him the results of their labors".
In accordance with the resolution
Major Millsaps appointed the follow.
ing as members of the committee
From the State at large, J. J. White
McComb City; VIM. Drake, Vicksburg
Sam Rothenburg, Meridian; W. E
Hayne, jackson; Leroy Percy, Green
Vile; from the congressional districts
W. T. Adams, of Corinth, First; S. L
Hearn, West Point, Second; Abe Blum
of Greenville, Third; [. M. Fletcher, oil
Kosciusko, Fourth; G. McMorris
Meridian, Fifth; I. H. Hinton, of Lum
berton, Sixth; J. W. McGrath, Of
Brookhaven, Seventh; B. w. Griffith
of Vicksburg, Eighth.
Gov. Longino was present and ad
dressed the convention. He said he
would call an extra session of the
Legislature if convinced that the in
terests of the State required it.