The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1905-07-29

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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 1903
Mississippi paid two and a quarter
million dollars into the life insurance
cer of the North and East. and
In return received about t~hree-quar-
tiers of a million for death losses n
accumulations. In 1904 Mississippi
paid to the old line insurance com
panies 50, 8 1851 in premiums, and
received in return $902,946.14. This
leaves nearly two millions OF our
money TO be invested in the North n
East, building up that section to the
detriment of this. This two millions
land next year it will be greater, if
invested in Mississippi, would work
wonders in the developing OF our great
State. Then, why not have a Missis-
sippi life insurance company?
The writer's contention for every
thing that will contribute to the pros
perity of our State is too well known
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 or a
company. One hundred thousand o
lars is desired for the capital stock.
It is desired to raise this amount from
all over the State. Every section
should be represented. If the people
believe it to be a 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
ronize 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 p~atronized 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. 600, and half of that stock sold
for s52. 600. 900. If our money is worth
that much in New York, it should be
worth equally as much here. Salaries
of from $25, 900 to $1,000 900 are paid
the men in charge VI there, more as
a. matter of graft than competence.
Let's keep u part of that money at
home. Interest rates up there are
from 8 to 4 per cent. Here money can
be placed with the very best security
at s per cent. The policy-holders' 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 the old line
companies of New York, which we.
know to be money-makers, pay small
err 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 a be
largely reduced by a much larger divi-
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-
tons of stock from all over the State.
Also for voluntary applications for in
surance the director from each con-
gresSional district to be selected by
he ~policy-holders of that district. 1t
4 = ----l kI-4 III NA0Dln in nnn.
eral will take an interest in this prop
o~sition, 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 Oh 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 and responsible for
this condition OF affairs, the writer pc
lieves that at least half of them should
be selected from the prominent edu-
Gators of Mississippi. Those States
never offer fat salaries to III teachers
to come and Exchange ideas with
them, and we certainly have some
| equal to any in the United States.
Give u Mississippi teachers a chance
and in a short time great good will re-
suit therefrom. Continually placing
them in the background and giving no
opportunity for development will con-
tinue to keep them there.
Columbia is to have a large fertiiiz-
or factory that will give employment
to a large force of men. 1t will be
under the same management as the
| fa ctory at Gulfport. and it is said that
the work of construction will begin
| soon and be pushed to completion.
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
1t is announced that more will engage
In the business next season. It is en-
| ~couraglng to see our people diversity
;po to ~uch an nyfprt also that me