The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1909-08-20

ana Denetlt OF all us pOncy-nOiueIs,
an amount equal 20 or greater than
tie ascertained net cash value Of all
such conipany's policies in force. II
is worthy of note that the men who
fought for this law were the mana
gers of the Citizens Life Insurance
Company and the same gentlemen
who are now promoting the Citizens
National Life.
The plan In brief of the Citizens
National Life Insurance Company is
first to merge into II the Citizens Life
Insurance Company As already in
Dictated, the same men who during the
last five years have made life insur-
ance history through the exceptional
development of the latter company
are the guiding spirits OF the new
organization. Thief urther purpose Of
the new company is to take over
other companies of the South and
elsewhere which may decide to dis
continue business or may find it more
profitable TO consolidate with COM
iGny OF great strength There seems
b. be nothing impracticable about the
Plan nor does IL appear where any
thing hut advantage can come to the
policy holders and stockholders Of the
Citizens Life or any other companies
which may be merged into the new
company No doubt the Stockholders
will see to II that thoroughly eqni-
table arrangement Is carried ost for
the exchange of holdings In any ex-
isHng company for stock in the new
corporation. II is pointed out 10
policyholdeCs OF the Citizens Life in
particular-and the same conditions
must apply to the policyhoiders Of
any other company merged into the
big company-that the consolidation
will mean to them insurance in one
Of the strongest companies in the
country, and for that matter, in the
world. ....
There are purchases Of life insur-
snce who do not care particularly fol
"A big company. Some on the other
hand will insure in no other kind, bu
10 one objects specially 10 big
company when seeking life insur-
= anCe protection. Thus Vhe new com
Iany will not only secure business
from those who are content TO bu!
Insurance from small company bu
To those who want to purchase yer!
large or even small policies and de
mand great financial strength, 1t will
stand the severest test. But there !
, deep interest and significance Il
- the general public in the organization
I OF ten million dollar insurance com
I pany in the South and an added loca
p interest when Il Is considered tina
p Kentucky will be the home office O
| the company. Mr. w. H. Gregory
' president OF the Citizens life and on
g OF the guiding geniuses in the ad
g vancement OF the new company, ha
IN a recent letter TO the policyholdeT
@ Of his own company called particula
= attention to what might be styled III
il Southern phase OF the situation TIL
g points cannot be well stated NOR
i clearly and we quote from his letter
s The tremendous power gained b
n Southern people in the organizatio
{ CT this company Is the check It wi
+ put on the flow of millions of dollal
annually In life insurance premium
IS from the South to the North an
e East believe confidently that tn
IS will be one of the greatest thing
IS ever done financially for the SoutI
S The South is coming TO the iron
n 1t is making more progress than ar
-, other section Of the country, Soutl
re ern people have been awakened
- the great power they have, once tn,
N band together. Take other lines
r husiness-the cotton mills, for ii
IS stance The South once sent 1
r, cotton to New England. There 1t WI
,e manufactured and sent back and so
2 at a goodly profit The South pa
Is the freight to New England on Il
IN raw material, paid the freight bat
on the finished product and paid &
,e manufacturer in New England
T. profit on the goods handled az
mt capital invested to say nothing
an the millions and millions of dolla
n left there to pay Northern labor. b
y 1t Is changing the order of thing
90 The capital of twenty-one millio
s. once invested in cotton mills in L
he South has in recent years increas
10 tS three hundred millions. The pc
RS pie of the South at one time did n
an appreciate just what the cotton or
ad amounted to, and dare say some
W. not yet appreciate Just what
or means Some probably do not knt
ur that every panic this country has {
he perienced in years has been check
ial and stopped by the cotton crop I
n npOule who raise cotton are a now