The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1906-05-16

Directors-S. A. Allen, A. F. Calvert, r. E.
Cox, W. X. Ellis, ]. A. Gillian. WE. Leslie,
L. A. Ramey, J. Allen Smith, G: A. Visanska.
Al the meeting OF the board OF directors
which was held Immediately after the ad
journment OF the stockholders meeting, the
election OF officers took place.
Mr., Cox was nominated for president. he
replied by stating that the dutlea OF president
were such that he could not undertake their
discharge without some compensation. he
would not accept the office for a less lee thar
500 q year. :.
Mr.. VIsanska thought the president ought
10 nave not less than $3.50. The Abbevllle
Warehouse Company was no CHEAP John"
affair.
pany 70 pay Its president fifteen hundred dol
lars a year.
Further remarks by Mr.. Vlsspsks revealed
the fact that he bad enormously included
the keep Of the warehouse.
MI. Cox was elected president and treas
urer.
A. F. Calvert, vice president.
w. E. Leslie, secretary.
w. 1. Magill, manager.
INSURANCE RATES REDUCED.
The question of insurance was discussed,
~heu Mr.. Cox made some interesting state
mepts IN to the great cost for last year, and
gave pleasing Information as to having Sc
cured better terms for the future.
AS matters in which others than the ware
house people may be interested, we copy the
following letters, which, If read between the
lines, speak volumes:
South Eastern Tariff Association,
Atlanta, Ga, April Ii, 1906.
Farmers Warehouse Co., Aobeville, 8. e.:
Gentlemen: We have 1T hand a report on
this warehouse and are now In q position to
name you rates which We feel sure will prove
attractive 10 you.
In case Of these sprinklered risks we are
asking That you will agree TO furnish us every
TWO weeks, ION some day TO be set by you).
with q self inspection report, a copy OF which
ls incIosed. We will furnish you with these
blanks as needed.
The 80 per cent. co-insurance clause is used
and from our inspectors report We n that
there are NJ requirements TO be made at this
time as the risk was foundi in excellent condi.
ton, but an alarm valve is necessary In each
sprinkler riser. and We hope that you Will
agree with US that this valve should be pro-
On account Of the low rating Of this plant
we would expect that you will favor US with
your entire line OF insurance and under the
above conditions We beg TO submit the fol-
lowing rates:
2eo OF the wsreehouse buildings, compart-
$40 on the contents compartments Nos. ]
and 2.
These rates you will note are on the two
compartments only that are equipped with
the sprinkler systems.
Trusting that this action viii meet With
y yI'5 sP pPo = 1 Snd af beR g 1ea, Sou favor Us
o' Il. E. Burdet,e,
Sect. 10 Committee.
One OF the letters OF later date. and an In.
porlant one, is not produced, the company
not turning 1t over.
From these letters 1t is evident that the
Southeastern Tariff Association had an ink.
ling Of the fact that Mr.. Cox was looking
after the interest Of the warehouse company,
especially along the Insurance line. II not
why the voluntary drop from 8l.40 to ~ cents
and 81 cents on the building and contents re-
spectIvely?
Why these letters for which there was no
call from this end Of the line? 1t 10 evident
that they were not written in reply to letters
from the warehouse company.
Why such manifestation Of Ignorance Of
the fact that compartments No. 3 and No.
were equipped with the sprinkler system? II
is known of all men that the whole system
has been provided with the sprinklers. The
local agents, az well as those on the road
knew the fact. n it is useless for the home
office, by inference at least, TO cast re Election
on the loyalty and fidelity OF their Local
agents.
tearing up OF old rates, 1t Is certain tina,
something is doing in insurance circles.
THE SOUTHERN TARIFF ASSOCIATION MAKas
CONCESSIONS.
The South Eastern Tariff Association haG
representative In town last week. Amons
other matters attended to was the making o
some rates, and the exercising of authority
over local agents. We know definitely o
only one rating, namely: That OF the ware.
house, which was built for Capt. Lyon, buI
which Ia now occupied by the Kerr Furniturt
ern Tariff Association representatives ratec
that building at Sl.4C, and the goods at $l.75-
this building being without the sprink Ter sys
tenn and being estimated at the same price
that the Farmers Warehouse had been pay
Ing on q building full OF s%prinklers.
These gentlemen, representing the South
Eastern Tariff Association, required Mr.. Chal
mers; one Of their local agents, to dlssolvt
McDavid. who represented an Independent
insurance company. In addition TO this ",
understand that all the local agents Of th
South Eastern Tariff Association were In
structed TO meet any rates that MIR. McDavit
might make. And so 1t Is, everybody ma,
get insurance at rates more reasonable thai
heretofore.
warehouse at 81 for both the building and th
The Wilson. Henry & Co. dry goods. on tn
corner Of the public square. we believe, !
soutb= Eastern Tariff Association had pre-
Viously rated the same at ST.
AH. QUA Wigs
But the story of Mr.. Cox's SUCCESS Is nc
half told. Instead OF the SI.40 rate, aversgin
about 70 cents q bale Tor cotton last year, q
paid to the Southeastern Tariff Association
he now has an arrangement by which be get
insurance at cost, not including between ont
sixth and one-seventh OF the premium pal
10 local agents OF the Southeastern TariI
Associations. Instead OF about 70 cents
bale IA heretofore paid be To- gets 1t at les
than 10 cents q bale. While be was of cours
working specifically for the interest OF th
warehouse, II may be that because OF effort
In his OWL behalf the whole community ha
received or will receive The benefit OF the r.
ducti"n OF insurance, amounting In the az
greg-te to several thousand dollars a yea
The benent which has Incidentally come be
ca use Of the warehouse, proves the truth Z
the saying that 6Verybody's business is nc
body's business,
THE COMING NAN
II he is not already nere. Mr.. Cox Ia certain
~ the coming man OF Abbeville. HiR effort
In the past have been successful, He bull
the oil mill, and 1t has been a good thing 70
Abbeville. Blu neither he nor the stockholC