The Tupelo journal., 1905-07-28

than at first contemplated. The ac-
cumulated billions have been used to
control the government composed of
the people who furnished the sinews
of war for such a control, and that to
a detriment of the peoples interests.
A glance at the columns of the daily
press will produce the evidence sub
Stimulating this statement. In 1908
Mississippi paid two and a quarter
million dollars into the life insurance
concerns of the North and East. and
in return received about three-quar-
tiers of a million for death losses and
a~ccumulations. In 1904 Mississippi
paid to the old line insurance COM
panies $2.S52,495.70 in premiums, and
received in return 1902, 946.14. This
leaves nearly two millions of our
money to be invested in the North and
East, building up that section to the
detriment of this. This two millions
(and next year 1t will be greater), if
invested in Mississippi, would work
wonders in the developing of our great
State. Then, why not have q Missis-
sippi. life insurance company?
The writer's contention for every
thing that will contribute to the pros
HSIlIS Vi Jul 10 10 ~ -
to require additional words here. We
ought to have a life insurance COM
pany in Mississippi, and after consult
ing some of the best insurance men
of the State, and receiving their ap-
probation of the plan. it has been de-
cided to attempt the formation of a
company. One hundred thousand dol
lars is desired for the capital stock.
IA =. Yoa;,ol ~ ,0;cN 4hts n ~ q, frnro
all over the State. Every section
should be represented. If the people
believe it to be q good thing, write me
about it. The directors should hail,
one from each congressional district
and five from the State at large. One
thousand good applications should be
on hand before the company attempts
organization. If you would like to pat
rouize a home company, write me
The State laws are defective for the
proper protection of a company in the
State. and require some changes. Are
you willing to help in this, also? Let
your wishes be known.
A Mississippi company, under spe-
cial State supervision, Differed by
men who are honest and competent,
and ~patronized by loyal citizens,
should be a success from the begin
ming. One OF the big companies of
New York only has a capital stock of
500, 900, and half of that stock sold
for S52,0 00, 600. If our money is worth
that much in New York, it should be
worth equally as much here. Salaries
of from S25, 900 to 100000 are paid
the men in charge up there, more as
a matter of graft than competence.
Let's keep our part of that money at
home. Interest rates up there are
from 8 to 4 per cent. Here none can
be placed with the very best security
at 8 per cent. The policy-ho'ders' re-
turn premiums are based upon what
his money has earned, and it should
earn twice as much here. The propo-
sition is to organize a company on ex-
actly the same basis as he old line
companies of New York, which we
know to be money-makers, pay small
er salaries. get honest men to manage
the business, get larger earnings on
the money paid in, and consequently
pay the policy-holder much larger re-
turns, operate under a strict Surveill-
ance of the State, and it is believed
that the cost of insurance can be
largely reduced by a much larger diyl-
dend to policy-holders.
The necessary 500, 900 capital could
easily be raised in either Jackson,
Meridian or Vicksburg. but it is
deemed the best TO call for subscrip-
lions of stock from all over the State.
Also for voluntary applications for in
surance, the director from each con
g%ressional district to be selected by
the p~olicy-holders of that district. 1t
is to be hoped that the people in gen
eral will take an interest in this prop
~osition, and that the necessary capital
stock and applications for insurance
will be secured in a very short time.
Let's hear from you as to what you
think of the proposition, how much
stock you want and how much insur-
ance. 1t means a breaking away from
the corrupt money sharks of the East
for Mississippi.
A number of the State papers are
commenting ~unfavorably en- the fact
that the teachers in our normals are
almost without exception brought from
the North. and our own teachers left
out in making up the list. While some
of them are possibly too severe on
those in authority ard responsible for
this condition of affairs, the writer be-
lieves that at least half of taem should
be selected from the prominent edu-
Gators Of Mississippi. Those States
never offer fat salaries to our teachers
to come and Exchange ideas" with
them, and we certainly have some
equal to any in the United States.
Give our Mississippi teachers a chance
and in a short time great good will re-
suit therefrom. Continually placing
them in the background and giving nc
opportunity for development will con
tinue to keep them there.
Columbia is to have a large fertiliz-
er factory that will give employment
to a large force of men 1t will be
under the same management as the
factory at Gulfport. and it is said that
the work of construction will begin
soon and be pushed to completion.
= 4
The Truckers League at Cotton
Plant, Tippah county, feels very hope
full of the outlook, despite the prevail
ing low prices of stuff this year, and
it is announced that will engage
in the business next season. It is en-
couraging to see our people diversity
ing to such an extent, also that I
bad crop does not discourage them.
= =
There is some complaint anent the
leaving out of the old blue back speller
by the School Book Commission. A
more serious matter was the adoption
OF an arithmetic which is not at all
fair toward the South, eve unfair, and
which uses in its Northern edition ex-
ampfes Of social equality between the