The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1905-11-11
BY H. E. ~BLAKESLEE, Jackson.

"hich the people OF MISSISSIPPI have 6
eo,oo0,0OO yearly interest, continues Will
undated interest. The disclosures grow
more startling day by day. The official:
of a number of States are beoinnino r.
4 interest themselves in behalf Of their
polcy-ho!ders, and will ~inaugurate pro
readings to protect their interests. In
Wisconsin an effort will be made to force
the payment of over $4,000, 900 of money
that rightfully belongs to policy-holders,
and has been misused by the companies
tor other purposes of a more or less
shady nature. Insurance Commissioner
Folk, of Tennessee, says that he will
m at once a campaign for the
protection of the people of that State,
who pay several million dollars per year
10 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 a concert of
action, and that in an unmistakable and
determined way, can these gigantic cor
: poratlons be brought to realize that
= policy-holders are due some considera-
: ton 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. i2sur-
ance should be prohibited by law and
that companies that are strictly mutual
{ IN X-orx nS,n o-1- L. -1 r
business. If there was any means to de-
4, termine just when the stakeholder should
quit participating in the profits of the
( business and the policy-holder 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 $l00,006 of capital stock
and a clause i'll the bylaws only allow
ing this stock to draw I per cent. per
annum from the earnings, $52,0 900 of it
brought the fabulous sum of 81, 5OO.O 900.
Any sane man knows that to make this
stock worth that amount of money,
there is no end to its participation in the
profits, be it ever so illegal. A mutual
company NillI OlllCCl cltCtpu ana llp
policy of the company determined bv
the p~olicy-hOlders, who certainly are the
most interested, is assuredly the proper
plan of organization. To say that the
pOlicy-hOlders are not competent to Sc
lect their officers and determine the
policy of the company is tantamount to
saying that the qualified citizens are not
worthy of the franchise of suffrage, and
incompetent to select their Governors
and other officials. a company of the
p~olicy-holders, for the policy-hOlders, and
by the p~Olicy-holders, should appeal
strongly to every sensible man.
= =
The school book contractors are not
complying with their contracts for fur
nishing board covered books, which they
bid at a remarkably low price to make
a low average. The writer has asked for ]
books in boards as called for in the con- ;
tract at a number of places in the State,
and has been met with the reply that |
none were to be had. Advertisements
appearing in a number of papers, giving
the exchange and sale price on books, 5
leave out the board covered ones, which {
are largely used in the rural districts
entirely. An advertisement from a c
Montgomery county paper not only
leaves out the board pooh for exchange c
on the readers, but states positively that V
there is no exchange on Wheeler's "
Primer. 1t is-nOt necessary for the book 4
offered for exchange to have been in S
use in the county where offered, but if t
used in any Mississippi county or sep-t
school district it must be accepted.
The board books at the price bid are not il
profitable to the publishers, hence their t
efforts, which have been successful solar, fl
to shirk the responsibility of furnishing c.
them. t.
In 1902 a Yazoo City paper published tt
a striking little story of the success of a 81
man who came to that county and in a
vested in land, engaging in the occupa- Il
ton of farming. 1t was reproduced in
book form and distributed by the thou
sands where they would do the most t;
book. Capt. Merry, of the Illinois Cen in
trail Railroad, scattered them broadcast "A
the Northwest, and has just r,
written the editor of the paper that OF
he demand continues, and that he has NJ
lust had printed another, large lot, re- in
orders for 5000 in one. mail. Such is
advertising as this is especially valuable. pl
Anything that will bring to the notice of fs
the many advantages of III is
of country, explain conditions as of
hey are, give 30 the homeseeker the
he desires before removing
o a new country, induce them to come di
nd help in the work of developing our gi
wonderful resources, is valuable adver- eli
Using. More of this kind Will be done m
n the future than in the past Almost tie
very community has awakened to the br
Importance and necessity of such work, til
arrangements have been made to he
oye IL done. in
The true foundation of Mississippi's
is upon the strict and impair c.
enforcement of the law. In select tb
10 men to fill offices it is well that their y.
Qualifications and fitness be placed above 80
ersonal OF friendly preferences. 81
The Newton Record has just moved
10 its own home, a handsome and con-
arranged brick building. Friend
is to be congratulated upon Gu