The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1908-06-06
NOW the attendance Is good,

frequently tne pest q con
ductor has is secured from an energetic
farmer who has worked out the solu-
ton himself along economical and prac-
teal lines. Every community should
hold a n or two-days' institute during
the summer and then in September
send a delegation to the great roundup
at the A. g. M. We must have more
than five hundred in attendance this
fall. Begin o to fix things so that
you a take your wife, daughter or
sister and spend the week at the A. &
M. 1t will be a great event this year,
and the beautiful surroundings will
make it the most pleasant and profta-
BILE place in which to enjoy an outing.
Remember the "Round-Up' and be on
hand. Director Lloyd will furnish full
information concerning the event later
and it will be given publicity in this
department.
Mississippi needs cheap money for
the purpose of developing her splendid
resources. Millions of dollars have been
sent North and East every ear for a
long time for life and fire insurance
that was loaned up there at a very low
rate and used to develop that section of
our country. Practically none of it has
been invested in the South, although
our lands afforded the best security
possible. Suppose that the farmers OF
Mississippi could get money at five, six
or seven per cent for the development
OF thei lands into improved farms?
Would it not work wonders? And
these very lands are the best security
that the world produces. Their values
are mo- subject to iuctuation as are the
bonds and stocks that are commonly
invested in by insurance companies for
the protection of their policy-holders.
The Insurance Field of May IA, the
leading insurance publication of the
United States, forcibly demonstrates
this contention. In a table officially
published concerning life insurance
companies, their business, earnings,
losses, etc., it presents these remarkable
facts: The three big New York com
panies, the Mutual, Equitable and New
York life, show a great reduction in
the value of their securities during the
past ~eventful year. Theirs are solely
stocks, bonds and like securities. The
Mutual shows a decrease OF IA per
cent, the Equitable Sc per cent, and
the New York Life 5.3 per cent. There
is only n company that loans upon
lands Mississippi lands that the
writer Is acquainted with-the Union
Central of Cincinnati. This company
has fifty millions loaned upon lands,
one million of this being in Mississippi;
and this same table shows that the de-
crease in its securities for the past year
was only one-tenth of n per cent.
The Union Central on Jan. l had
loaned on lands in the immediate vicin-
ity of Mississippi SO, 952, 900 in Texas,
81, $4,000 in Oklahoma, 81, 1926 900 in
Tennessee, s949, 900 in Mississippi.
1851 900 in Louisiana, 100000 in Ala
bama and S494 900 in Arkansas. And
the decrease in values during the pam
icky year just past was only one-tenth
OF one per cent in comparison with the
enormous shrinkage shown in the state
ment of the three big New York COM
panies mentioned above who take
stocks, bonds, etc. The writer has no
interest whatever in the company men,
toned, does not carry a policy with it
even, but does commend the manage
ment for their wisdom in leaning it's
funds upon Southern lands for the de-
velopment Of this section of the coun-
try. The wisdom of this course is
plainly shown in the statement pub
lished in the Insurance Field. Other
companies should profit by this expert
ence and invest with us a portion at
least of the enormous sums paid an
nually by our people for protection.
This has been the writer's contention
in "Greater Mississippi" for the past
five years.
Automobiles are coming into more
general use in Mississippi than former
ly. Yazoo City has a line that takes
the place of a street car system and fills
the bill comfortably. Jackson has a
line recently placed in operation that
passengers to Clinton, Raymond
and Cooper's Well, and when the
weather is good has more than it can
handle. Vicksburg has operated heavy
passenger cars through the National
cemetery for some time and the owners
find it especially profitable. Clarksdale
operates a freight line into Friars
Point for the purpose of getting advan-
tage OF water rates O n freight, and pos
sibly there are other lines in operation
in the State. The auto is here and
here to stay. Now the subject that
comes up is the proper protec-
ton of the rights OF other vehicles and
pedestrians on the public highways.
Auto drivers are frequently reckless IN
,Lo;u I;cco~av1 80 Tho ~i~htc - oxb1,.