The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1905-04-26
Entered at the pos.ofdce at Laurens,
S. G, as second class mail matter.
LAURENS, S. c., April 70, 1905.
Hurrah for Heywardl

iiuTTan iOr
The Darlington News is a fairly safe
newspaper to follow in choosing men to
vote for. Its Judgment of public men
is right in nine out of ten cases in
South Carolina politics. 1t is always
o~utspoken. 1t has a way of saying
things bluntly sometimes but its say
ings are mostly true. Because of the
value that we place upon the News and
because we have more confidence in it's
honesty and candor than we have in
some peoples, we reproduce the follow
ing from it's columns:
"Of all those who have been spoken
of for Governor thus far the Hon. Rich
ard l. Manning, in the opinion of The
News, is best equipped for the position.
affairs of state Mr.. Manning is a man
of sound business judgment, a quality
much to be desired in these days when
South Carolina is making such strides
in the industrial world. OF course the
election is too far off to commit himself,
but The News thinks that Mr.. Manning
is the right man for the place"
Now we also believe in the worth of
the Hon. Dick Manning. We think
that there are few men in public life in
this State who are as good as he, but
we cannot declare for Manning for
Governor just now. For two reasons.
We are suspicious of Mr.. Manning's
~dispensary views. We are willing to
swallow Hayward, dispensary and all,
but if a change is to be made, we pre-
fer no ~Dispensary. Capt. Hayward has
been a sugar-coat to the dispensary
pill.
Our second reason is that we favor
compelling ID. c.. Hayward to run again
next year. He can be made to run.
We hope the people will discourage all
others from running. Let us have
peace.
The Newberry Herald and News says
that a third term would be a bad pre-
cedent, that Hayward is a good man
but 'there are others" Newberry has
three men suggested: H. H. Evans, c..
l.. Blease and A. c.. Jones. We take it
for granted that the Herald and News
will support a Newberry man-one of
the three. Six years, or three terms as
governor, is equal to one term as Uni
ted States Senator. A sheriff elected
twice serve longer han a governor.
We should like to know who The
Herald and News favors. What has it
to conceal? If it has a man it prefers
to Hayward, why not anne him him?
If it has none it prefers to Hayward,
why not join THE ADVERTISER in urging
thn Ynalnntinn of thn inc,~,hanto
The Commonwealth of Insurance.
Mr.. Samuel E. Moffett, writing for
Golfers of April % on THE Empire
of Insurance Billions" says:
The nearest approach to that Coop
erative Commonwealth of which the
Socialists dream has been made theo-
retically in the business of life insur-
ance. Here are the most gigantic COM
binations of capital in the world, with
the widest diffusion of ownership. 1t is
safe to say that a clear majority of
the sixteen million families in the Uni
ted States are joint owners of the in
surance capital of the country, const-
ituting the most colossal cooperative
organization even built up in the worlds
history.
Any wild notions about danger to the
policy-holders may be dismissed at
once. These huge American insurance
companies are now the strongest finan-
cial powers on earth-very much
stronger and more solid than the Bank
of England. Their failure would be in
conceivable. Now that the business
has passed the perils of infancy, life
insurance companies in America do not
fail. If Lawson's alarm bell and the
Hyde-AleXander mud batteries should
put an instant stop to the issuance of
new policies, and if the present policy
holders should drop out, the business
would go on without a jar, automati-
cally providing for the remainder. The
system is im%pregnable.
Nor is the speculative element in in
surance investment altogether a bad
thing for the policy-holders. If the
companies were restricted, as the Mu-
tual was by its original charter, to
mortgages on real estate in New York.
United States bonds, and New York
State and city bonds, their returns
would be so small that the policy-hold-
ers would have to pay considerably
higher premiums for the same amount
of insurance, and the field of possible
investment would soon be exhausted
The restrictions of the savings bank
would have a similar effect. Under the
present arrangements there is a certain
amount of gambling, but it is gambling
with loaded dice. The insurance com
panies are not 1T the mercy of the
market-they control it.
Plenty of Light.