Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1905-11-11
BY II. T.. BLAKESLEE, Jackson.


more startling day by day. The officials
of n number OF States are beginning to
interest themselves in behalf of their
policy-holders, and will nauguTate pro-
cccdings to protect their interests. In
Wisconsin an effort will be made TO force
the payment of over Sli.00O,0O0 OF money
that rightfully belongs to policy holders,
and has been misuscd by the companies
for other purposes OF more or less
shady nature, Insurance Commissioner
Folk, Of Tennessee, says that he will
commence at once a campaign for the
protection of the people of that state,
who pay several million dollars per year
to the big concerns, and are paid in re-
turn only what they see fit to offer.
Other States are equally as active in the
effort TO protect their citizens, and in a
very short time it is hoped that the
campaign will become general through
out the country. Only by concert OF
action, and that in an unmistakablc and
determined way, can these gigantic cor
porations be brought to realize that
policy yholdcrs are due some considera-
tion and a small share in the immense
profits made by the few stockholders.
In this connection, the belief is grow
ing that stock companies for life insur-
ance should be prohibited by law, and
that companies that are strictly mutual
In every respect only be licensed for
business. If there was any means to de-
tcrmine Just when the stakeholder should
quit participating in the profits OF the
business and the poicy.holdcr begin, it
might be different. But in the light OF
past experience and the result of inves-
legations now in progress, this dividing
line has proven to be NEUROLOGICAL in de-
termination. An evidence of this is that
in the case of the Equitable of New
York, with only 100000 of capital stock
and clause in the bylaws only allow
ing this stock to draw I per cent. per
annum from the earnings, $4,000 of it
brought the fabulous sum of S2,j00,00O.
Any sane man knows that to make this
stock worth that amount Of money,
there is no end ia its participation in the
nro6ts he il over ca ilIecoI A mutual
comnonv with officers elected and the
policy OF the company determined by
the policy holders, who certainly are the
most interested, is assmedly the proper
plan OF organization. To say that the
nolicv holders are NOT compefent TO So
Loot their officers and determine the
nolicv of thc companv is tantamount to
saving that tbc nuoIiGcd citizens arc not
worthy Of thc franchise of suffrage. and
incomnetcut TO select their Governors
and other officials A companv of the
nolicv holders for Tho nolicv. holders and
bv Tho nol;cv .boldcrs should anneol
STRONGLY to every sensible man.
Tlo sohool bool continuation. ,ro NOT
a;aIi's 'I1 La"l "c,"rad honi,s wh;nh tboy
Iii a. ro,no,lohly low nrico to mako
Io,r o,orono ~ ria vr;tor has Sod fnr
honI,s n hn9rJs ,s ocunJ far IN tho con.
..aa, - .,'o,ha. 81 ,,Inaaa ;r tho Stoto
sn1 aI' hs a' tm m,''~, " M tba " romly that
a"u NC Dt" ,I,.o,'t i's,,ts
aunoor on r;na IN nnnhor of nonors g;y;ng
aPpe".'s 49, ,I aoio an SaoI.S7
,"u 'N.n" ~ h.1 "" ' .daI onas NH
,V"'I Wv va. ~ y, ,i,a ,.,,u,i J;.tr;ats
49, I,'o.,ison,ont fro,, T,
N..s ,t,, nomor NOT orly
hni Lr"i. s,r ovohann,
..",t' wv ~" ,., ,,a;t;,.aI,. ,'at
.h Al" Wv e''u''' D"' ha ',ao,7 WhooIor,s
,ns,o n, Nv Ns".'5a s.. nv hoal,
,,'uo, :. - ,'1V ~, Iaa,, l.,
u"''.' To- eN."a"s W. Taro1 hm+ ;f
USE ~ Wv eonu.9 "".;' onu,,'' n"e
uSeu III ""i n,si'I'itp, .o''hoy w. ". ,,5
NAV, ''"u"' ",7V'',' ~ "'",V ~ ,:I "eNs P.,u.
i"c oo"," "ooNe "' ~ " Nv Nv ~. ~.
Poo"."o'e 70 NV l'''o's"o.S' > "e,'.1 W.,
fhorts W,''cn "aNe ogc, s'''1r'S,u' ~ i"'
~ ~ s"i'" '"' '''P'"7'S W '' ''''7
'''c''''
,oo, ,rah.,
III ioo- ,"Noo wy P'P, Puo''7".'
man VINO came 10 thao county an" y"
'es'eu III l'uu' e"Sas'"S III '"' "v.1Pa
,'on oi iaIil''s' ~ was 'tP'ou"'tu ~
pooE ior,n ana u'S''ipuI,u ~ .ue .nou
sahus WheIe ,hey "ou,d ou pr, 'ne nos' n
po1k; 1ap, merry o, 'me .n,' i,''uo,s hps o. nen
.nious'ouL '"o ito, NIL a. "rn anor ibat
,t W'i'Jvn 1.I ~" ',;,' t" nd thnt 10 has
!ne ue,''"'u hI % ep",''"ua, "" ,""' n"o ~,
J"s' n"" - saa q 'nU non ~ no ,;i a sroh
.e,,ns ~ a.; ,,oa;alI,' ,.ni,oLIo
"u,ui ..a, ~, -" M xxi hr;n1, - ,ho not;co of
nu, '1,;aans ;a,"s I tho n,nn,, nJyantnnos of onr
ou.;,s,' sao,;nn - @ oountrv % oynlo;n conditions
tt tLor aro r;rn ~ the bnmoscntcr tho
.''o'iA"s'o" NV u'',r ;nd,,oo % ,hon, o, - oo,,o
nv" .odho ,h .i. ,n' ~ ln"oIon;n,, n,,r
anu n..p !" ."o mo'N :, " ,alrahlp p'"s adror @
Mo".ao' ~, NJ, ,e'oH't IS t,;, L;nd Vii hn dnno
.l9,ns s,1'ns ,h,u ~ i, thn oast ,,most
III we ,,'t' ,u,u,u 1t"' h -" '"u l alrorod ~ ~
.eeiy eo'"'.I', .; n"o %""S'nv w nvoh orl Wv
inpoi ."n.o "no 1et9 L''.o ,non ,,,5o -
ana "''"1se.'''i''S nave '''" ''i''' w
nave ~ uo'''
~, . ,r..;a.;n,..
me lioe iounoaI'o'. u - m,1'G,'ppi' a,1 ;
;nr C man O to IN ofecas II IL wpll tbat tbeir
nHsol;Gcations s % and illness be nloced above
porsnnoi ] ~. fr;endlv nrcfercnccs