Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1910-03-25
BIG BUDS LETTER

week if l get one published, for
wrote pretty long one last week to
the Shuqualak Era, and reckon it
swamped that good paper for l heard
nothing from it since. Did not receive
a copy of the paper. and the Editor of
the Review said he had to cut my let
ter in two parts, and would publish the
last half this week, so thought he
would not want another, and as you
have thrown away your blue pencil
will write this week to the old Beacon.
We are very busy, especially those of
us who are on the Appropriation Com
mittee. It is no little matter to dish
out seven millions of dollars and try to
satisfy every fellow, but we are
through with all Of the larger appro-
priations and will get through with all
the last of the week. We will not ex-
ceed our income very much, although
we appropriated $4,000 to build a
Charity Hospital at Jackson. The city
of Jackson is to give $25, 100000. This
is entirely new matter, but with this
Hospital we ought to be able to take
care of our unfortunates. We gave
the Matte Hersee at Meridian $4,000
and this will enable it to care for any
of Noxubee's sick or afflicted either
white or black, and it is so close | hope
our physicians will take advantage of
it, We give the Vicksburg Hospital
$25, 900 year and we have the most
boil nbIyCioior of 1E1
head. He has performed 1900 difficult
operations and not a death. Walter
says if he has to be operated on he
will go over there himself.
Iva had up his Optometry bill this
week, and although it is a very meri-
torious bill they did it as they did my
military bill, killed it with ridicule.
He made brave fight and several of
US helped him, but no use.
The chairman of the Ways and Means
Committee introduced a bill increasing
the tax on Life Insurance companies,
and as | thought these great institu-
tions were paying more than their
share, took an active part in defeat
ing it. made big speech, for | was
at home discussing life insurance COM
panies. I told them that while life in
surance was my profession | did not
address them as life insurance agent,
nor in behalf of the life insurance COM
panies, but stood there as the repre-
sentative of the grand people of Noxu-
bee County and the state of Mississip-
Lof could bo&
as long as had been a member Of that
House that | had ever mentioned life
insurance to him; that when | took my
commission as a member Of the Legis-
lature, | had put that behind me, but
on behalf of the State of Mississippi, |
asked the Legislature to be fair to
these good benevolent institutions, that
were doing so much good for our peo-
pie. That there was no rich insurance
company; they were strong and SOL
vent, but not rich, but that their Ha-
bilities wele in just proportion to their
assets. That my company had $4O,-
600, ,0C0 of assets when | went with
them ten years ago, and was no strong
er now with $40, 100000 Of money for
we had exactly corresponding in
crease of liabilities. l told them l had
opposed law forcing the Companies
to invest money in Mississippi four
years ago, and now or companies
were d. ing this of their own accord,
and if we were just and fair to these
Companies all would soon be doing
L. H.. ~ Ill
Companies had to sell their fuctuaing
stock and bonds and would be compell-
ed to invest or loan on lands. l wish
had space to give you all of my speech,
but of course, cannot, but suffice it to
say we have beaten the bill and hope
to do so again when it comes up on
motion to reconsider. If l have
farm worth $40, 900. 90 and have it as
sessed at S., 900 don't think it fair to
make railroads give in their track,
which cost $4,000 mile to build it,
any higher than $4,000. Stennis' Bill
did not propose to tax Insurance COM
panies much higher than most of the
States. but we have not as favorable a
death rate and this would have made
gl eat difference. 1t is only in the last
few years that we have been able to
give our citizens the same rates that
we give to citizens of other states,
and even now a good many companies
charge extra for the delta or sell limi-
ted pay policies and some of the very
best and largest companies will not
come into our state. When people be-
come we'll educated and enlightened
they will foster and encourage these
great institutions for the betterment
of mankind, instead of trying to tax
them out of existence.
We passed the Normal School bill