The Tupelo journal., 1905-11-10

'' NHt poppy " HI
$3,000,000 yearly interest, continues with
undated interest. The disclosures grow
more startling day by day. The officials
of a number of States are beginning to
interest themselves in behalf of their
poli~cy-holders, and will inaugurate pro-
ceedings to protect their interests. In
Wisconsin an effort will be made to force
the payment of over $l4,000,0O 0 of money
that rightfully belongs to policy-holders,
and has been misused by the companies
for other purposes of a more or less
shady nature. Insurance Commissioner
Folk, of Tennessee, says that he will
protection of the people of that State,
who pay several million dollars per year
to the big concerns, and are paid in re-
turn only what they see fit to offer.
Other States are equally as active Ill 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
tCtlOl. anu lIld LII Ill hliliiiottNopAt ''ht
determined way, can these gigantic cor
porations be brought to realize that
p~olicy-holders are due some considera-
ton and Il small share in the immense
profits made by the few stockholders.
In this connection, the belief Is grow
ing that stock companies for life insur-
ance should be prohibited by law, and
that companies that are strictly mutual
in every respect only be licensed for
business. If there was any means to de-
termine lust 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 i'll de-
termination. An evidence of this is that
in the case of the Equitable of New
York. with only 100000 of capital stock
and Il clause in the bylaws only allow
;ng this stock to draw ! per cent. per
annum from the earnings, $50, 900 OF 1t
brought the fabulous sum of S2,5O0,O0O.
ANY sane man knows that to make this
stock worth that amount OF money,
there Is no end to its participation III the
profits. be it ever so Illegal. y mutual
company with officers elected and the
policy of the company determined by
the p~olicy-holdors. who certainly are the
most Interested. is assuredly the proper
plan of organization. To say that the
policv-holdcrs are not competent to Sc
iect 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
poiicy-holders for the policy-holdcrs, and
by the poliey-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,
leave out the board covered ones, which
dIP largely uocd III liz L 90
entirely. An advertisement from a
Montgomery county paper not only
leaves out the board book for exchange
on the readers, but states positively that
there is no exchange on Nheeler's
Primer. 1t is not necessary for the book
offered for exchange to have been in
use in the county where offered, but ii
used in any Mississippi county or sep
arate school district it must be accepted.
The board books at the price bid are not
profitable to the publishers, hence their
efforts. which have been successful so Tar,
to shirk the responsibility of furnishing
them.
In 1902 a Yazoo City paper published
q striking little story of the success of a
man who came to that county and in
vested in land, engaging in the occupa-
ton of farming. 1t was reproduced In
book form and distributed by the thou
sands where they would do the most
book. Capt. Merry, of the Illinois Cen
trail Railroad, scattered them broadcast
throughout the Northwest, and has just
written the editor of the paper that
the demand continues, and that he has
Just had printed another large lot, re-
ceiving orders for 5000 in one mail. Such
advertising as this is especially valuable.
ANYTHING that will bring to the notice of
outsiders the many advantages of u
section of country, explain conditions as
they are, give to the homeseeker the
information he desires before removing
to a new country, induce them to come
and help in the work of developing our
wonderful resources, is valuable adver-
Using. More of this kind will be done
in the future than in the past. Almost
every community has awakened to the
Importance and necessity of such work,
and arrangements have been made to
have it done.
The true foundation of MississippTs
greatness is upon the strict and impair
tial enforcement of the law. In select
ing men to fill offices it is well that their
qualifications and fitness be placed above
personal or friendly preferences.
The Newton Record has just moved
into its own home, a handsome and cor
yeniently arranged brick building. Friend
Cunningham is to be congratulated upon
the success that is attending his efforts
and the substantial appreciation shown
for his paper by the citizens of Newton
and the surrounding country. May II
ever be thus.
Several of the State officials spent sew
eral DAYS recently on the big farm in
Sunfiower county hunting bear and dear.
Exaooerated reports have been circu-
y,s dona whila IN that