Pine Bluff daily graphic., 1912-02-23
ID URGE LOANS
 FOR ARKANSAS Chamber of Commercs Re ceives Letter Charging
 Discrimination.
RECEIPTS ARE LARGE
But Complaint is Made That Arkansas is Overlooked in Mak-
 ing Investments.

That Arkansas has net received tt ce nsideration to which she was rea ly entitled by the large insula ano companies and other financial inst tutions when it came to loaning mod ey or buy ing bonds has long been matter of common knowledge but tn discrepancy between the amount ( money rece.vad by some of the larg companies in premiums and fn amount of the loans placed by th latter which in any way affected tn state was known to but few. A care ful study of the reports of the com nanies is worth while and turns great deal of light on the subject This is a matter in which everyon $ interested and q statewide move ment demanding a proper recognition by the state should bear fruit. II view of this fact the following letie sent by one of our citizens to one o the largest companies, copy being furnished the Pine Bluff Chamber q Commerce, should be of interest ant should arouse other policyholders t. take similar steps:
 February 20, 1912 Mr. Darwin P. Kingsley, President.
 New York Life Insurance Company
 New York City, N. Y.
 Dear Sir:-As a large policy hold e rin the New York Life. was yer! much pleased with the annual repor submitted by yeu and congratul 4se you on the showing made.
 am also heavily interested in pro perties in the South, and Arkansa' especially, and know that one of the greates. handicaps to the speedy de velopment of that section is the lael of cheap money. I see from the re port that New York Life thinks wet enough of Arkansas to carry larg amount of in-urance on citizens 6 that state, but that sf the hundred of millions of dollars loanuc by tn Company on bonds and real estat security, it has cnly loaned $325,50' on Arkansas real estate, and the on. ly bonds, purchased by the compan! are those issued by the St. Louis, Iror Mountain and Southern Railway.
 know full we'll that in the pas' there was a reason for this discrim. ination against Arkansas and the South, but the reason fer the discrim. ination has ceased, and in my humble judgment, the discrimination should now cease. The southern states, and Arkansas in particular, offer loans that are as secure in every way as those offered in the state of New York. The bonds issued by it's levee districts, drainage districts, road and school districts, are out hin the mar ket of the world, and notwithstanding the fact that the security is accepted by the Savings Banks and most care full buyers, these bonds cannot be sold on a basis of less than six per cent interest.
 Under these conditions I do not think it fair to the policy holders Of the South who are also interested ir it's advancement and developmeni that companies like the New York Life discriminate in the way they do and I VII ask you to please look in to this matter at your early conven- fence ard see if the matter cannot be remedied.
 am sending a copy of this lette- to tte secretary of the various Boards of Trade in Arkansas with a r.ques that they submit the matter to tht Southern Commercial Congress ant sec if We cannot, through a campaisr of education, make it possible fer tht great Life Insurance Companies tt treat us as fair in their inves semenli as they do under their policies.
 Thanking you for your considera ton of this matter, am,
 Yours very truly.
 pE,N AT TIIUINfrrD