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:
"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.
IL 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
vas manufactured aud sent back and
'old at goodly profit. The South
paid the freight to New England 90
the ras material, paid toe 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
i changing the order Of things. Tie
capital Of twenty-one millions once
invested 10 cotton mills in the South
has in recent years increased to three
hundred millions. The people q
the South at one time did not appr--
ciate Just what the cotton crop
amounted to, aud dare say some 90
not yet appreciate just what il
means. Some probably DO not know
thar every panic this country has eI-
perenced in years has been checked
add stopped by the cotton crop. The
people who raise cotton are a power.
Ard they are beginning to realize it.
Aud, likewise, Southern people are
beginning to realize their power IN
the insurance world.
THE thing We wish to accom-
phsh now Is to have a company
strong enough to take care of the
immense volume of bueiness in the |
South You can appreciate just
what that means. At the time the
Citizens Life was ORG nized. the
Southern life insurance companies
had practically no business on their
books. You may be surprised, |
therefore, when 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.
The bank. Of the North and East
have been built up largely by life
insurance money, with the South all
these years paying the freight, ss,it
we're. and the banks themselves have
in turn been powerful factor in the
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 ID. Pearce and
the other gentlemen who are striving
indrstriously for the success of tbi.
great enterprise have confidence in
their ability to carry il out. Ken
lucky will apparently have every
good reason to pride herself on being
able to furnish the home for the
Bus greatest good Will
come to the largest number by PEG.
pie of the South being able to lay
proud claim to one more great aad
powerful institution, destined to 60
through generations to come as a
erected to Southland de.