Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1905-07-29
By II. +. BLAKESLEE, Jackson.

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holders and polcy-ho'ders' money
than at first contemplated. the ac-
cumuaied billions have. been used 10
control The government composed OF
the people who furnished the slnews
OF war for such control, and that to
a deiriment of the peoples interests.
A glance at the columns OF the dally
press will produce the evidence sun
stantatng this statement In 1918
Mississippi paid two and quarter
million dollars into the life insurance
concerns of the North and East ana
in return received about three-quar-
ters of a million for death losses ana
accumulations In 1904 MISSISSIPPI
maid TO the old line insurance com.
psnies s2.S52 .4957O in premiums, ana
received in return S902,9f6.li. rms
leaves nearly two millions Of our
money TO be invested in the North ana
Fest building mp tlat section 10 'he
detriment Of this, This Two mlI'lons
land next year II viii he greater y
invested IN Mississippi. would WORK
wonders in the developing OF our great
State. Then, why not have Mlssis-
sippi life insurance company
The writer's contention for every
thing that will contribute to the pros
perity of our State is too wei known
10 require additional words here. we
ought TO have a life insurance com
pany In Mississippi and AFTER cohsull.
Ing some Of the best insurance men
NJ the State. and receiving their an
probatiop OF the plan, il has been de'
cided to attempt the formation on
company. One hundred thousand dol
lars is desired for the capital stock.
II is desired to raise this amount from
all over the State Every sec'loh
should be represented. II the people
believe It TO be good thing. write me
about II. The directors should halI'
one from each congressional district
ard Ave from the State at large one
thousand good applications shonid De
IN hand before the company attempts
organization II You would like to pal
ronize a home company, write me
The State laws are defective TOT the
proper protection of company IN me
State. and require some changes: are
YOU willing to help in this, also! Le'
your wishes be known.
A Mississippi company, under spe'
c,al State supervision, officered py
mon who are honest and competent
and patronized by loyal citizens
. should he success from the pes'n
ming. One Of the big companies %
New York only has capltal s'ock o.
100000, and half OF that STOCK sol,
for S52. 900 900. If our money Is wor.'
that much in New York. 1t should b'
worth equally as much here. Salarle'
of from 1926 900 to 100000 are pal'
tbe men in charge up there, more
matter of graft than competence
cts keen our part OF that money a
home. Interest rates up there ar
from 4 TO 4 per cent. Here money ca
he placed with the very best securit
at Der cent. The policy-holders II
turn premiums are based upon VIVA
his money has earned and 1t shoul
earp twice as much here. The prop'
siiion IL to organize company on e.
ectly the same basis as the old lin
companies of New York, which W
know to he money-makers, pay smal
er salaries. get honest men TO mahae
the business, get larger earnings 9
the money paid in, and consequent
nav the policy-holder much larger T.
turns. operate under strict surVei
ance of the State, and 1t Is believe
that the cost of insurance can
largely reduced by q much larger di'
dend to policy-holders.
The necessary 100000 capital cou
easily be raised In either Jackso
Meridian or Vicksburg, but II
deemed the best to call for subscrl
tIons of stock from all over the STA,
Also for voluntary applications TOR
surance, the director from each &c
rressional district to be selected
the polcy. holders OF that district
is to be hoped that the people IN &c
eral will take an interest IN thls' pre-
osition and that the necessary capi
stock and applications for insuran
will be secured in a very snort YIN
cts hear from you as to what y
think OF the proposition, now mu
,tock Won want and how much ms
ance. II means breaking away fr'
the corrupt money sharks OF the NJ
for Mississippi
number OF the State papers
commenting unfavorably on the j
that the teachers in our normals
almost without exception brought IT
the North, and our own teachers
ont in making up the list While so
OF them are possibly 100 severe
those in authority and responsive
this condition of affairs, the writer
lieves that al least half of them sho
be selected from the prominent
Gators OF Mississippi Those sta
never offer fat salaries to our teacn
10 come and exchange ideas"
them. and we certainly have sc
coual 10 anv in the United Sta
Give our Mississippi teachers cha
and in a short time great good VIII
suit therefrom. Continually pia'
them in the background and glvlne
opportunity for development Will
tinue to keep them there
Columbia is to have large fer'
er factory that will give empoyn
70 a large force Of men II viii
under the same management as
factory at Gulfport, and it is said
the work Of construction VIII D
soon and be pushed to completion
The Truckers League at &C
Plant, Tippah county, feels very J
ful of the outlook despite the pre-
ing low prices of stuff this year,
it is announced that more will en-
IN the business next season 1t II
couraging to see our people diver
ing to such an extent, also that
bad crop does not discourage the
There Is some complaint amen
leaving out of the old blue back 81
by the School Book Commission
more serious matter was the ado
of an arithmetic which is not
fair toward the South, even unfair
which uses in its Northern editio
amples Of social equality betwee
blacks and whites. While the et
offered down here had the social
Ity examples eliminated, it shows
ly what the publishers would do !
lie sentiment would allow II,
encouragem ant should be gveI
Southern writer's Of school book:
then It would not be necessary
UP With such.