Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1908-06-04

you can take your wife. daughter or
sister and spend the week at the \. Il
VI. II will be erea: event this year,
and the beautiful sirruuns.ags will
make IL the most pleasant and prudta-
bic place in which to enjoy an outing.
Remember the "Round-Up" aud be on
hand. Director Lloyd will furnish full
information concerning the event later
and il 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 Fast every year Tor 4
long time for life and fire INSURANCE.
that was loaned up there a. very low
rate and used to develop that section %
our country. Practically none Of il has
been invested In the south, although
our lands afforded the host security
possible. Supro-. that the farmers OF
Mississippi could get money ., Ave, SIX
or seven per cent for the development
OF their lands into improved farnsr
Would il not work wondersy And
these very lands are the best security
that the world produces. Their values
are no; subject TO iuctua,ion a> 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 II. the
leading insurance publication ot tho
United States. forcibly demonstrates
this contention. In a table officially
published concerning life Insurance
companies, their business. earnings,
losses, etc, IL presents these remarkable
facts: The three big New York con-
pani-s. the Mutual. Equitable. and NcN
York life. show . great reduction 10
the value Of their securities during tho
past eventful year. Theirs are solely
stocks. bond. and Ike securities. The
Mutual shows a decrease Of 20 per
cent. the Equitable SO per cent. and
the New York Life 81 psr cent. There
il only one company that loans upon
lands - Mississippi lands - that the
writer is acquainted with the Union
Central Of Cincinnati. This company
has ffty 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
vas only one-tenth Of one pr cent.
The Union Central on Jan. l had
loaned on lands in the immediate yicin-
ity Of Mississippi o.. 1900 in Texas.
81, 200 in Oklahoma, sl $3.50 ia
Tennessee, $4,000 in Mississippi
s6si 900 In Louisiana, s65O. 90 in Ala
bama and sist .OcO Ia Arkansas Aud
the decrease in values during the pan
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
panles mentioned above who take
interest whatever in the company men
toned, does no, carry 8 policy with it
even, but does commend the manage
ment for their wisdom in lOaning its
funds upon Southern lands for the de-
yelopment 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 portion at
least OF the enormous SUNS paid an
nually by our people for protection.
This has been the writer's contention
in Greater Mississippi for the past
five years.