The new South-news., 1908-06-13
FOR
GREATER
MISSISSIPPI

been sent North aud East every year
for . long time for life and fire in
srance that Was loaned up there at
. very low rate and used to develop
that section Of our country. Pracu-
eally none Of II has been invested in
the South. although our lands afford
ed the best security possible. Sup
pose that the farmers of Mississippi
could gct money al five. six and
ssvsn per cent for the development
e{ their lands into improved farmsf
Would il not work wonccrsf And
these very lands are the best sccar-
isy that the world produces. Their
vsluss are not subject TO flnctustion
- are the bonds and stocks that are
commonly invested in by insurance
companies for the protection Of their
policy holders.
Tho insurance field Of May 18th.
the leading insurance publication Of
tho United States, forcibIy demon
strates this contention. In table
officially published concerning life in
surancc companies. their business,
earnings, losses, etc, presents these
remarkable facts. The three big
New York companies, tho Mutual.
Equitable and New York Life, show
. great reduction in the value Of their
securities during the past cvcntfu'
year. Theirs are solely stocks, bonds
and like securities. The Mutual shows
. decrease OF "a per S'ut. the Eqn't-
sble Of SO per cent and the New
York Life Of SO per cent. There IL
only one company that loans upon
lands, Mississippi land. that the wri-
ter IA soquainted with; the Union Cen
trail Of Cincinnati. This company
hss fifty millions loaned upon lands,
ono million Of this being in Missis-
aippi, and this samc table shows that
tho decrcase in its securities for the
past year was only one-tcnth OF one
Per cent.
The Union Central on January lst,
had loaned on lands In the immediate
vicinity Of Mississippi $3,052,0o0 In
Texas, 4l,770,00 in Oklahoma, $l,-
1000 in Tennessee, $949,000 in
lfississippi. tesl,oo0 in Louisiana,
o070,OO in Alabama and $494, 900 IN
Arksnsas. And tho decrease In val
aes during the panicky year just past
IA 4 sG| Sa|b a & 8 g Rae sk i6et
sbrinksess shown in The statement .
the three biz New York compsnis
mentioned above who take stocks
bonds and ese. The writer has n,
interest whstsvsr in the compan,
0sntionsd, does not carry . policl
With Il even, but docs commend thu
management for their wisdom in Ioar
Ing it. funds upon Southern land
tor the development Of this section
Of the country. The wisdom Of thil
course II plainly shown in the state
ment published in the Insurance
Field. Other companies should prof
II BY this experience and invest will
~ 4 portion st least Of the enormou
sums paid annually by our people 70
protection. This has been the writer
contention in "0reatcr Mississippi
Tor the past five years.
Divsrsifiestion IL something no
only applicable to the farmer, but 4
. community ~ well. The old pla1
Of carrying oil sssu in ono basket ]
Ssipe rslsgsted to the rear and II /
vsll that Il IL. liberalization IL a
Insurance policy against complet
1a3lule and should appeal strongly :
| sinking people. Read what Waite
3o5srtscn Of Wssson has to say righ
alQpg this line With reference 10 cor
ditaep Ia his nsighborhood:
III any one thinks that Wssso
Solks have bssu sleeping just bseaus
~ cotton mills do not run but thrs
1eys In The week, Il Il . mistsk'
oinse May LIT, thsrs have bssn ele,
- full ear Iosds Of cabbage. bssr
and carrots shipped from Wssson, b
ddss The local shipments whie
enount 10 about 115 crates per da,
Early every morning hundred Of Ii
us boys and girls can b. seen huz
hng off 10 the vegetable farms
pick beans. Many Of the widow VI
men are making good money At Il
work and get their money every nigh
Dy ns1t season the vegetable busine
h>fs win b on . large scale ar
nsny nors pepls can get such worl
thsn Wseson may be sueeessful
beating . canning factory"
wessos has The largest cotton nj
b " stats, employing hundreds
wsnh aad children. This mill
runa1ng on half time on account
~ eeosEal business depression. II
issst nslds furnish employment Z
Ihs season for farmers institut
M ~aSasn L. - T. |e>k a~-n ~