The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-10-23
FROM NEW MEXICO
Anoiher Interesting Letter frem Our
Neighbor Territory on The West.

CaTlSUdu, IN. M, OCL+ Ill MS
business of recreating soon becomes
tiresome TO fellow of my activities.
| love work Play is good for man
as well as child, but too much play
pals, and you begin to long for some
thing to engage the mind and the
hand, consequently when two busi-
ness firms here asked me If | would
undertake to keep their books UP
in shape | replied in the affirma-
tive and said nothing about salary.
Work is good for me and inasmuch
as I'm on expenses any way wages
don't cut much figure It's activity
want. Were | physically able |
would dig bitches rather than remain
an idler. Idleness is said to be the
devils workshop, and the old boy
has too many apprentices now for
me 10 consider making application
In Waxahachie | know several who.
If long service counts for anything,
ought TO be heads of departments In
Satan's shop. An idler never Great
ed anything except trouble, and just
now I'm too far from home to think
of getting into that
I've been reading the daily papers
quite closely since coming out here
and consequently have kept up with
the revelations IN insurance circles
being brought out by the legislative
investigating committee / can't say
that I'm really astonished, but those
fellows who have been handling our
life insurance premiums have done
some astounding things and are now
trying to Justify them by some as
founding doctrine For instance. we
democrats in the South didn't know
that John A Mccall, democrat, had
contributed $3.50, 000 of the policy
holders money 10 help elect repub-
lican presidents. We did not know
that p A. McCurdy was taking $780,
600 annually out of the Mutual's
funds for the labor of signing his
name TO a few official documents,
and that Son McCurdy and Son-in-
law Thebands were pulling over
$500, 900 a year out of the premi-
ums supposed 10 be paid In to protect
and mature our contracts. We didn't
know that Peter Mccall had leased
TO his poor children building which
cost the New York Life 100000 for
the paltry sum of $500 a year. Ne
didn't know that the mutual main
tanned a restaurant and wine cellar
for the feeding of the officers and
employees at an annual cost of s72.-
600 to the policy holders, nor did
the good prohibitionists who carry
policies in the Equitable know that
part of their funds had been invest
ed in a saloon and restaurant where
the thirsty New Yorker could get
anything from a red lemonade to
Scotch high bail. Those things were
not published in the neatly printed
little booklets which were sent out
TO policyholders or furnished TO
agents to use in securing other con-
tracts. They were not even shown In
the annual statements made under
oath TO the Insurance Departments of
the various states. Neither was any
thing said about the hundreds of
thousands expended TO Influence"
legislation. | happen TO know, and
there are not few others who also
KNOW iHdt II was only rev years
ago that one of the big three main
tained an expensive lobby at Austin
and the head of that lobby is yet a
resident of the state. At the last ses~
sion of our legislature when the tax
on insurance companies was under
discussion lobbyists in the pay Of
the life companies were thick enough
to stir about the state house. All
:aSsss ;aiH IS Tbs prs MUM payers nave
had to carry Every reader is ia
miliar with the facts brought out re-
garding investments, the syndicate
pools in which company money was
raised and the profits passed 10 the
the losses 20 the company
In view Of what little has been re-
vealed tfor be assured the worst Is
yet TO comet the arguments which
were made 10 secure our applications
now cause us TO smile. / am really
sorry for the life insurance agent
now. He is honest He represented
things simply as they were represent
ed 90 him. There was no Intention
on his part 20 deceive In reality
he is the worst deceived man among
us, for he believed all he said We
took salt with b., but swallowed the
bait Just the same. In commenting