The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-09-11

dren, eight Of whom are still liNlHg
have blessed the union.
Mr.. Thompson Is a leading member of
the Baptist church. and holds the posi-
ton of deacon in the Southside Baptist
During the year 1909 there was sent
from Alabama life insurance premiums
to the north the enormous sum of S4,413.
204, while there was paid to local in
suranee companies in the state the con-
temptible sum of $4,000. Almost ten
times as much money went for insurance
without the state as was kept within It.
The amount of insurance carried by
northern companies In Alabama is the
astonishing sum of $139 ,3S2332, as against
sic, 2sS, 6SS by southern companies. l IA
vor such a complete revision of the in
surance laws as to encourage our capital
to remain at home rather than to go to
distant parts to enrich other sections and
cities.
Old Soldiers Pensions
I'VE, of later generations, have new
problems to solve; but we cannot but feel
a tender love for the veterans ON both
sides of the Civil war. I believe that we
have reached the time when we should
increase our appropriation for the Con-
federate veterans As they grow older
and their inability to provide for them
selves increases. If elected to the gov
ernorship of Alabama / shall urge in
creased appropriations to this deserved
interest, and I shall further insist on the
legislature nemoralizing Congress to pass
a bill providing for the Soldiers Home at
johnson City. Tenn, to be turned over
to the use of the Confederate veterans.
Not that l should interfere with the COM
fort of the federal veterans but as their
ranks have grown thinner year by year,
there is a natural desire that the REM
nants be brought more compactly togeth-
err and while the federal veteran would be
gratified by the change, the Confederate
veteran would be afforded a magnificent
home. The opinion of the Attorney Gen
eral at washington relative to the re-
tention of the status of General Lee In
the Hall of Fame indicates the policy of
the republican party concerning the Con-
federate veterans.
Capital
I'm order TO borrow money at low
rates of interest IL is necessary that
every protection be given the lender for
a prompt return of his money and the
interest for which he stipulated. All inn
pedments put in the way of collection,
and all burdens placed upon the lender,
must, invariably, be borne at last by the
borrower. 11tHce, ttloliS "
eign money-lending corporations for COM
ing into the state, in the form of pre-
tended corporate regulation, are stabs at
the prosperity of the state and a distinct
hindrance to industrial progress. The
ability of the farmer and of the indus
trial corporation to obtain cheap money,
and to repay according to contract, Is the
best business asset of a people. I favor
laws which will insure. the most rigid
integrity of payment at maturity of
money loaned as between lender and bor-
rover: and I favor a policy of absolute
freedom of the lender, domestic and for
eign. and whether corporation or indi-
vidual, from all burdens for loaning
money within legal rates to the people or
upon property located In Alabama.
state Banking
Democratic incompetency is signally
Illustrated in this state in the inspection
and supervision of state banking institu-
tons 1t is the party boast that 1t OPP
poses all national restriction on the ex-
ercise of state power In the organization
and control of banks, yet. with absolute
control of every department of govern
ment in Alabama. wild-cate state banks
are constantly permitted to form and run
a career of thievery from honest but trust
full people all over the state. State banks
and bankers, corporate ana Individual,
and all their officers should be watched
by the most slilful and diligent inspec-
tors and laws should be made and en-
forced which will put In the peniten-
tiary all persons guilty in that business
Of breach of trust.
Corporations
mo more important political question
presents itself today to the American
people than that eelative to government
Ial creation and control of corporations.
deem it,, therefore, my duty to define
my position upon it. AS it Is largely a
business matter, an approach for solu-
ton of it should be made in common
sense and business-liSe way. Men should
not be swept off their feet by the dema-
gogue ON the one hand. or by the shrewd