davidaulloa/AmericanStories huggingface dataset:
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16

cense, which cannot be issued
except upon authorization from
the Superintendent of Insurance
to the Tax Collector that the
company has complied with all
the State laws governing life in
surance.
One of these laws requires the
filing with the Superintendent of
Insurance a statement of all in
yestments, loans, etc, made in
the State.
From the above it is clearly
established, since they alone are
amenable to the tax, that by pari-
ty of reasoning if any benefit is
to accrue from the exemption, it
is to the life insurance companies
we must look for the needed re-
lief that is to flow from the ex-
emption of the tax. This much
being conceded, the question
arises: Are these companies
disposed to make such invest
mentS.
The answer is: They are not
only disposed to do so, but in so
far as the New York companies
are concerned, they are anxious
to do so, since, under the Arm
strong laws passed by the New
York Legislature, which went
into effect on January /, 1907,
they are compelled to dispose of
all their holdings of stocks,
amounting to hundreds of mill
ions of dollars, before December
81, 1912. So much for the New
York companies. Competition
will force companies of other
States to follow in their foot
steps, if it were needed, which is
is not the case. Apart from this
impelling cause, it is the settled
policy, that has been publicly
and officially announced, and in
other States put into execution,
to seek local investments in the
localities where the premiums
are collected. 1t is estimated
to-day that the life insurance
companies hold four hundred
millions ($400,000,000) of mort
gges, and if this a State has not
benefited in the past, it has been
due solely to it's prohibitory
laws, and nothing else.
To my personal knowledge and
that of leading local real estate
agents, one New York company
had it's real estate loan represent
ative pay two visits to New Or
leans. While here he plated the
commercial section of the city;
ascertained the value of land and
it's assessment in that section,
and recommended mortg ag e
loans that were offered, which
we're subsequently favorably
passed on, but which, on account
of the tax, we're of necessity not
contaminated. Even in these
instances the insurance company
expressed it's willingness to com.
plete the transaction if guaran,
teed that the tax on the loan, il
iudicially determined to be due,
would be assumed by the mort.
gagors.
/ From the above it seems to me
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16

You cannot accomplish much in
business way without the services of
bank. And when it comes to the ques-
ton of whether or not you should have
some bank connections, there is only
one answer. Any business will derive
some benefit from banks service.
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16
Gil

The bank helps the small boy to save,
and the interest paid increases his
savings; the farmer is afforded great
convenience by the checking account.
Every individual is aided by one or
more of the banks departments, just
as demands require.
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16

To any such persons, we wish to say
that the opening of bank account is
very easy; we explain all details and
make it simple for you. We also en-
courage any who have small sums to
open an account. We furnish pass
book and checks, and oil necessary in
struction. Even though you are not
ready to open an account, call at the
band ank talk it over with us.
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16

will admit these two propositions:
l. That the needed relief will
come only from the life insurance
companies; and
2. That it will so come if they
are not prevented by other State
laws.
This brings us to the consider
alton of a most important needed
exemption that is so closely al
lied and interrelated to the mort
gage tax as to make the two non
divorcible; viz: The exemption
of loans to policy holders.
No foreign country and no 9th
er State in the Union taxes these
loans. Under the Louisiana law
these loans are taxed, and unless
that tax is exempted the COM
panies will be compelled to leave
the State, and if they do so, they
naturally will have no incentive to
make any investments in it's bor-
ders.
They will be compelled to leave
for the reason that the lending,
on policies is not optional with
them. The law of their several
domiciles makes it mandatory
upon them not only to lend, but
stipulates the maximum rate; in
most cases 5 per cent. discount.
A law at the domicile of the com
panies as we'll as a Louisiana law
prevents any discrimination be-
tween policy holders" it follows,
therefore, since they must lend,
and can not discriminate" they
can not charge an extra rate to
Offset the Louisiana tax of 200
per cent. practically 8 per cent?.
But this is not all. The rea-
son why the law is mandatory
upon companies to lend to policy
holders is that the loan, so called
fit is really an advanced, is made
from the reserve fund, which is
really the policy holders own
property; the reserve is that por
ton of the premium which, com
pounded each year at given
rate of interest, fixed by law,
will pay the face value of the pol
Icy at it's maturity. This reserve
lis, therefore, not an asset of the
company, but liability due to
the policy holder, which he can
demand in cash, in the equivalent
paid.up insurance, or a loan
equal to the cash value, and
which the company must make
as long as he pays the interest
and subsequent premiums.
1t must be manifestly clear
that since the sole fund (the re-
serve) from which this loan is
made must earn a given net rate
of interest, which is fixed, by
statute in New York, at not less
than 3 IL per cent. ION some pol
icies 4 per cent and 4 1-2 per
cent. }, it can not accomplish this
function in Louisiana by lending
money at per cent. and paying
a tax of 8 per cent. It is a ply
steal impossibility; to be likened
only to the old problem OF AN
immovable body coming in con-
tact with an irresistible force, y
fortunately it is capable of solu-
ton in the instant case, but only
bv exempting the tax on policy
loans. s
In so doing, however, I believe
lit should be stipulated that the
exemption of the tax shall apply
only when the rate charged does
not exceed 5 per cent. discount
This is an exemption that should
be made, because it appeals TIC
common sense apart from any
o+ho, consolidation That 10 not
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16
m L W-11- By the Bank Of West FeEciana
UdlGA 0lNO St. Francisvile, La
No. |. To Those Who Have No Bank Connections

The service that q bank gives to its
customers places within their reach
every advantage to carry on financial
matters easily.
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16

A bank is not a luxury for the rich
man; that idea is fast disappearing.
The people from all classes are begin
ming to recognize the Importance of a
bank connection.
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16

Many persons are timid about open
ing bank account because they think
their knowledge of banking is limited,
or perhaps they consider their amount
of money too small,
The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-05-16
The Corn Contest.


The corn contest in this par
ish, which Supt. Hendon has
started, and which is interesting
the country lads greatly, prom
Uses to get every one else more
or less interested before harvest
time. The first prize for largest
and best yield is $500 offered by
Prof. Hendon. M. & e. Wolf of
fer the second prize, a nice suit
of boys clothing.
Others, beyond doubt viii offer
prizes, as soon as Mr.. Hendon can
see them. No more helpful com
petition was ever instituted here
than this. 1t gives practical in
struction and experience in agri-
culture to our youth. 1t inspires
pride in country work and
brings out it's dignity. The boys
cannot but feel, when they see
the entire community interested
in their efforts, that what they do
is worth while, that agriculture
is a dignified and grand occupa-
ton, the groundwork OF all
other trades and callings. We
hope to see others assist Mr..
Hendon in his commendable eff
forts by offering other prizes of
value.
The Court of Appeals for this
district will meet in Baton Rouge
on Monday of next week at 10
O'Clock for the purpose of hear
ing cases appealed from the dis
trict courts Of East Baton Rouge,
Ascension, West Baton Rouge,
East Feliciana and West Feliciana
Parishes. The indications are
that the docket for this court
will be very light. So far only
| two cases have been filed for
hearing before the Court of APP
peals, and these come from the
District Court of. West Baton
Rouge Parish. The Court of Ap-
peals is composed of Judges S.
ID. Ellis of Amite City; Julian
| Mouton of Lafayette, and l.. B.
Caillouet, of Thibodaux.
The CLANCY Creek Baptist
church and the First Baptist
church of Jackson united in a
generous attention to their pas
tor, Rev. F. G. Flowers. These
churches donated the money to
send him to the Southern Bap-
fist Convention meeting at Hot
Springs, Ark. this week. A trio
of ministers went from this Sec
ton: Rev. Mr.. Flowers, Rev.
Carey O'Brian of Clinton and
Rev. w. e. Hathorn of Norwood.
They met at the last named
place and journeyed together.
| They will return Tuesday next.
The Globe-republican., 1908-04-16
SAFE WAS BLOWN
BuckLIin Postoffice Entered
And Robbed Last
Night.
NO CLUE TO THE ROBBERS.
TWO Hundred rolIars in Money
and Probably One Hundred
in Stamps Taken
NO CLUE TO THE ROBBERS.

The safe 10 the post office at Bucklin
in this county was blown open and robbed
of two hundred dollars in money and a
quantity OF stamps,
The Globe Republican received a
message this morning from the papers
Bucklin correspondent stating that the
robbery occurred some time during tie
night. The robbers entered by forcing
a back window open, When the safe
was blown too large q charge was used
and the safe was completely wrecked.
The building was not materially damaged.
There has been a good deal Of such
work going on over the country for the
past several months but this is the first
case that has occurred near home,
Different citizens of Bucklin, 1t Is said
heard the report Of the explosion, but no
one, 1t seems, had any idea of what 1t was
and nj investigation was made. The
robbery was not discovered until the
postofice was opened this morning, and
it was thought that the safe was blown
at about three o'clock. The robbers had
plenty of time to get away from town
before anyone knew what had happened,
So far as can be learned there Is no
clue to the identity of the robbers.
There had been a couple of strangers
noticed about town yesterday and the
day before and these have naturally been
suspicioned. as they were missing this
morning, so that they will be looked for.
Word was sent to Dodge City this
morning for the sheriff but he was out
Of town on business. The under sheriff
was also away for the day so that there
was no one to send to Bucklin from here.
Uhas. Deister, deputy, wired to officers
In different counties of the affair and sent
word to Sheriff Bell who will probably
60 to Buoklin on his way home.
The Globe-republican., 1908-04-16
NEXT SEPTEMBER.
General Conference Requested to
Manage Soule college by
That Time.

According to the action taken at the
recent session Of the Southwest Kansas
conference the Soule college at Dodge
City is to be equipped and started next
fall. The Southwest conference has
taken the initiative in the matter and has
requested the general conference to ap-
point a commission to carry out the
plans.
The matter of the college was not dis.
cussed openly In the conference. A
special committee Of ministers was APP
pointed by the conference to make q re-
port regarding Soule college. When
the committees report was made it was
adopted by the conference without any
discussion whatever.
BY the report adopted 1t would seem
that the MethOdists are to take prompt
and definite action towards establishing q
big school at Dodge City.
The report as adopted by the con-
ference was as follows:
Whereas: A donation of property has
been made by the heirs of the late A. T..
Soule, Of Rochester, New York, to the
Methodist Episcopal church for the pur.
pose Of establishing a college at Dodge
City, Kansas, aHd
Whereas, the purpose and will of the
donor should be sacredlv kept, observed
and carried out and
Whereas, the General Conference IL
the authoritative body of the Methodist
Episcopal church.
Therefore, be it resolved that we
hereby request the General Conference
to appoint a commission or board of
Trustees to make all necessary provisions
for opening q school In the property
known as the Soule college, not later
than the school year in September, 1908,
said Commission or Board Of Trustees
being authorized to prepare a curricu-
lum and to employ a faculty and to do
ell things that may be necessary for the
opening and carrying on Of said school.
w. J. MARTINDALE.
@. j. loves
ID. d. AKIN.
The Globe-republican., 1908-04-16
A BIC ENTERPRISE
Plans Under Consideration For
Furnishing Electric
Power
FOR THE ARKANSAS VALLEY
For Railroads, Pumping Water
and for Lighting Towns
For Three Hundred
Miles.
FOR THE ARKANSAS VALLEY

An engineer was In Dodge City Satur-
day In the interest of an immense pro-
iect that Is being worked up for the
Arkansas Valley. The primary object of
this project is to establish electric power
for pumping water, for lighting towns
and for running electric railways, both
for freight and passengers along the
Arkansas Valley from Dodge City 300
miles west and afterwards to show the
world the great possibilities of this
valley.
Whatever there may be Of practicable
ty in the particular plans for doing all
of this under consideration, the project
or has shown good Judgment 10 selecting
a field for such a gigantic enterprise.
The Globe. Republican has been ham
mering away for years on the possibili-
ties of the Arkansas Valley, from this
point westward, and pointing out that
when 1t came to Its own it would be the
most thickly settled, and the wealthiest
part of the country Aud it has been
demonstra led, away up the river in the
melon country, further this way in the
sugar beet country, and all through the
alfalfa section, that this is the real gar
den spot of the earth. Where land has
jumped suddenly from five, ten and fif-
teen dollars per acre to a value of 5000,
and higher per acre,th Is no project
too large to be successful, If it is handled
right. 1t has been the history, too, that
where land has jumped up high, 1t has
stayed.
Even this far down, where the land is
valuable for crops, without irrigation, it
would be hard to estimate the great gar.
den the valley would be, if 1t could be
watered at will, the same as the garden
ers In eastern Kansas water their small
tracts.
The project mentioned above contem-
plates establishing an immense power
plant near Canon City, Colorado, to be
operated either by water, or the cheap
coal that can be obtained there, for fur
nishing electric power down the Arkan-
sas Valley. For establishing electric
roads all down the Valley to Dodge City,
with a connection with Scott City, for
freight and passenger service, the lines
to connect with three of the present rail.
roads In the territory.
1t is claimed that cheap power can be
furnished all along the line for lighting
and furnishing water to the towns, and
for pumping water. for irrigation pur-
poses.
OF course the project centemplates the
building Of new towns, too, and Of
doubling the population Of the valley
many times. 1t is a big project, but 1t is
not too big for the field 1t has selected,
and it can probably be put through If
handled In the right way, with the
proper amount Of c'pital.
1t is understood that there Is to be q
meeting soon held at La Junta, to con.
slider this proposition and start the plans
10 working.
An engineer has been all over the
territory investigating It for this project.
The Globe-republican., 1908-04-16
Church to Paint,

BIDS will be received to paint the
Cssholis church in Dodge City, bids to
CO. April 2sth. See specifications at
=: b. Sughrue's Office, Room I, Hoover
BLOCK. Address al blds 70 Rev. d.
Msnnls,
The Globe-republican., 1908-04-16

Mrs. W.B, GoodwIne has been here Wis
lting her mother Mrs. II. r. Marion, and
left this week for Wichita to join Mr..
Goodwin. They have been living in
Colorado and proved up on some land
there which they still own. They will
make their homsi n Wichita for the pres
ent.
A dance was held at the Phenix club
Thursday evening.
See s. W. Sturgeon for monuments.
Closing out. tt
The Globe-republican., 1908-04-16
G. [. Painter
Auto Co.

For SALE-My residence and furniture
also several other residence properties In
Dodge City. 4. Glnck. 81
Don't list your farm with Z. L. Tsy-
loE unless you want It sold for he aIways
has . spot cash buyer when the prlce IL
rsght. n
The Globe-republican., 1908-04-16

Don't list your farm with L. i. Taylor
unless you want IL sold for he always has
. spot cash buyer when the price is
right. II
The Globe-republican., 1908-04-16

We want your watch, clock and jew.
elry repairing. All work done with
n%eatness and dispatch. P. H. Young,
Optician and Jeweler. N
The Globe-republican., 1908-04-16

The farmers Elevator & Supply Co.
will pay the highest market price for
corn, oats. kafir corn and sorghum
seed. n
The Globe-republican., 1908-04-16
Presbyterian Church.

Sunday, April 10, II a. m. theme, "The
World Without Easter. 8 p. m theme,
Immortality a Necessity"
The Globe-republican., 1908-04-16
For Sale or Rent.

SOuthwest Qbarter Of southeast quarter,
section 81, tOwnahip rs, range "A.
Address owner, Peter Brown, 81.
sossph, I%lilnoiF, II
The Globe-republican., 1908-04-16

DR.. Hawkins house caught fire from a
flue Saturday morning and two Of the
rooms were pretty badly damaged,
The Globe-republican., 1908-04-16

Our popular copyrighted fiction includes
most of the great literary successes of re-
cent years, books that have sold in the hun
dreds OF thousands at the regular price Of
$3.50. They are truly great books at little
prlces-full library size, handsomely Bound
The Globe-republican., 1908-04-16
We want to urge you most decidedly to
Buy The
w 7 7.

Because without any exception the MAX
WELL is the car that will give you surest value,
dollar for dollar.
But we do not wish you to buy the MAX
WELL until you have been thoroughlysconvinced
by demonstration, that the MAXWELL is exactly
the car you have been looking for-exactly the car
that will take you where you want to 60, WHEN
you want to go, with the very least trouble and the
minimum Of up-keep expenditure.
The MAXWELL catalog is more than a
book of speci6cations- 1t is a complete treatise on
the comparative merits Of the various systems of
Automobile construction.
Call at the Garage and inquire for one of
these valuable books and examine the MAXWELL
machine.
The Globe-republican., 1908-04-16

Rev. y. =. Cornelius went 10 BucklIn
Monday. He VIII return the last OF the
week.
The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-03-13
new wash goods

Thousands of yards ofDress Fabrics
good kinds that women want -Ginghams,
Mulls, Batistes, Voiles.
Sheer printed muslins, superior quail
ity in beautiful stripes, checks and floral
designs.
Silk-fgured mulls, dainty and lust
rous in newest stripe effects all color
combinations.
Priced from loc to soc yd.
The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-03-13
WILSO.NBURG
What Has Been Breaking the
Monotony in the Town
Out the Car Line.

wILSONBURG, Mar. 13.-Gilbert
Hurst. of Sardis. was here Thursday
Clarence Murhn, was in Clarksburg
Thursday.
Rufus Powell. bookkeeper Tor the
Madeira Clark Coal company is
taking a two weekss' vacation and
his place Is being filed BY Harry Ash
craft.
Charley Lang was here from Plants
Run yesterday. sN.yL, 49,
!. eJaales LINER was IN town Thursday
Ifronl PhoenixTille. -
Pat Owens. of Clarksburks is ia
Te0SslF me- the iIfteresS aofSzhe Bailey
Produce company.
w. j. Keefe, mine boss at New
Chiefton. was at the Waldo. mine
Thursday on business.
Mrs. A. NJ. McAtee was in CIarks-
burg Thursday shopping.
John I. Williams is in Clarksburg
today.
George Golden is visiting friends on
Katy Lick.
The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-03-13
ITO RESUME
Are Public Schools at Adams
ton Monday Other News
From Suburban Town.

ADAMSTON, Mar. 1.-THE Adans-
ton public schools Will resume Nom
day after a suspension 81 two weeks
caused by sickness. County Sunerin-
tendent Cyrus p. Webb VIII teach for
Mr.. Ogeden, our principal, for q few
days, while he Is canvassing the
county In the interest OF his candl-
dacy for the county court clerkshlp4]
Mr. Guy Merritt and Others are, .olYsIs,,-
lating petitions among the voters aslS-
ing /. them to pledge. themselves Eto
SUPPORT only raIld dates Ayhe arp an
posed 10 the LIQUOR traffic. and Who
VIII so declare themselves. They
have quito q numher. of sinners.
n Mayer Grim held police YESTERDAY
morning and assessed fine Of 1850
on one poor victim who had looked
too long on the red. red wine. He
paid up and was released
NJ. L. Shafter. citizen OF New
Hill, west of town, has been quite mi
for some time past ana Is confined r.
his home. He moved here from
Bridgeport.
Joseph A. James will close a very
successful term of school al the Low
err Davisson's Run school house 10
day This is Mr.. James's third term
as teacher of this school, ana he has
given the best of satisfaction 10 the
pupils and patrons alike. An exhf-
bition will be given consisting of dia-
lOgues, Rotations, orations music
etc, with the customary speech by
the teacher.
Another force of men worked NJ;
night Thursday night at the power
house of the Fairmont aud ciarks-
burg Traction company. They hnveI
a roof over one hals OF the bniIdinr
covering the part in which thew are
placing new machinery. If the
weather remains favorable every
thing Will be In readiness some time
Saturday for the resumption of the
regular schedule
George Il. Crisis, our butcher, took
trip out on the Short Line yester-
day in search of stock.
Yesterday was pay day for onr
railroad employees. Several of the
boys envelopes were not up to the
standard pay, and the outlook for
better work is not encouraging.
Mrs. John f. Johnson, whose Nill-
ness was noted a few days ago. is
gradually growing weaker, and her
demise seems but short time off
She is suffering with lung trouble.
Mrs. w. G. Sullivan IS recovering
Slowly from a severe attack of pneu-
monia and other complications.
A'AAA11 WI olOOA has UHen Closed the
plumbers and carpenters have been
doing some finishing work about the
building and everything is now in
fine working order.
The Adamston glass factory now
averages shipping one car load Of
glass day. The demand and price
are improving.
Biddle Brothers will start up their
cement block factory as soon as the
weather conditions settle, and give
employment to several men. They
are pioneers in the block business
and have bright prospects for
prosperous season the coming year.
Last season their demand was much
greater than the capacity OF their
plant.
There are several cases OF mumps
and measles among the children of
our town.
Adamston once had band, but.