Twice-a-week record-press. [volume] (Marion, Ky.) 1909-1909, 1909-08-13

called particular attention to what
might be styled the Southern phase of
the situation. The points cannot be
well stated more clearly, and we quote
from his letter:
1.-The tremendous power gained by
Southern people in the organization
OF this company is the check it will
put on the flow of millions of dollars
annually in life insurance premiums
from the South to the North and
East. | believe confidently that
this will be one of the greatest things
ever done financially for the South.
THE South is coming to the front.
1t is making more progress than any
other section Of the country. South.
ern people have been awakened TO
the great power they have, once they
band together Take other lines Of
business-the cotton mills, for in
stance. The South once sent its
cotton to New England. There it
was manufactured and sent back and
sold at a goodly profit The South
paid the freight to New England on
the raw material, paid the freight
back on the finished product and paid
the manufacturer in New England
profit on the goods handled and cap
ital invested. to say nothing of the
millions and millions of dollars left
there to pay Northern labor. But it
is changing the order of things. The
capital of twenty-one millions once
invested in cotton mills in the South
has in recent years increased to three
hundred millions. The people If
the South at one time did not apr
ciate Just what the cotton crcp
amounted to, and / dare say some 90
not yet appreciate just what it
means. Some probably do not know
that every panic this country has ex-
perienced in years has been checked
aud stopped by the cotton crop. The
people who raise cotton are a power.
Ard they are beginning to realize it.
And, likewise, Southern people are
beginning to realize their power IN
the insurance world.
1.-THE thing we wish to accom-
pllsh now is to have a company
strong enough to take care of the
immense volume of business in the
South You can appreciate just
what that means. At the time the
Citizens Life was org nlzed, the
Southern life insurance companies
had practically no business on their
books. You may be surprised,
therefore, when l tell you that the
Southern companies to day are carry
ing nearly one third of a billion of
dollars of life insurance. The amount
is stupcndous. yet it is only about
3 per cent of the total amount Of
insurance carried in the United
States.
"Thc banks of the North and East
have been built up largely by life
insurance money, with the South all
these years paying the freight, as,it
we're. and the banks themselves have
in turn been a powerful factor in the
commercial development of the North
and East. Yet the South pays out
enough money each year in premi-
ums for life insurance 20 build up
some of the strongest banks in the
world in the South"
The business associates and the
friends of Mr.. Gregory, Mr.. Helm
Bruce, Mr.. Charles D. Pearce and
the other gentlemen who are striving
indrstriously for the success Of this
great enterprise have confidence in
their ability to carry it out. Ken
lucky will apparently have every
good reason to pride herself on being
able to furnish the home for the
company. Bus greatest good will
come to the largest number by peo-
pile Of the South being able to lay
proud claim to one more great and
powerful institution, destined to 60
through generations to come as q
monument erected to Southland de-