The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1915-01-14
AN OLD POPS "REMINISCENCES
J AND "A SIDE-LIGHT ON AN
J INSURANCE INVEST
MENT.

SASCC1OudI01y Will JnTO0 OJnor GeOr-
gia delegates attended the National
Convention of the National-or as
our opponents styled us-''The
Greenback Calamity Howlers. % Then
and there for the first time with
any political party of the u. S. was
discussed the desira 1ility of a Postal
Savings bank which finally became
one Of the platform demands of our
party. The details Of our plan not
only embraced the saving of the
earnings of the people, but also the
loaning on real valuable security di-
rectly from the post office to those
who needed the same, thus letting
such charity beginning at home,
stay there as long as needed and
thus giving employment to some
worthy and we'll qualified young
man or woman among the home
folks, at reasonable compensation;
the interest to be something reasona-
BILE and within the limits of the
yearly increase of wealth which
ranges from two to four per cent.
Say then the depositor gets 8 per
cent on his deposit, and the Dor
rover pays 5, the cents difference
abundantly paying the necessary ex-
pense Of maintaining the system.
Well after 8 or 10 years the old
parties took up the demand which
has finally eliminated in a Postal
bank tail with Regional National
bank head, through the operation of
which, if any of the depositor's
money gets back, as a loan, into the
neighborhood of which it was earned,
it must do so through the jaws of
the National bank shark and it's nu-
merous eight armed money octopuses
at rates of interest ranging from
twelve to thirty per cent.
Well we've got the Shark, the Oc-
lupus and the Postal Bank, what
next? Among the most voracious
of the Octopus family are the Life
Insurance Companies, I've been deal
ing with one for the past eleven
years.
Eleven years ago on the 7th day
of December, | was just 60 years and
one day old suppose about break
fast time in the morning, for at that
time | took out "a policy under the
agreement as I understood it, that il
I lived and paid 25 cents a week
until my 10th year of age, then I
would be considered as good as deaG,
and my funeral expenses of $50
paid, but when that time came
aro1lhd-Aa year ago-T was informed
that l had overlooked the word an
niversary, and I'd have to continue
the 20 cent week "chip in" for
another year.
Well the anniversary has arrived
and I'm still little bit alive at past
80 years of age, and I guess I'll get
my $50 which, as I figure it, princi-
pie, interest, and the same COM
pounded, has cost for the II years
I've been paying it, about one
hundred and Lightweight dollars.
I get the $50, the octopus and it's
tentacles get the balance.
Now back to our Postal Savings
bank, as beforee said, I'm not yet
quite altogether dead, and as when
I do altogether die, sometime with
in the anniversary thereof, as my
folks will want to see me decently
cremated or inferred, I've concluded
to deposit the $50 in the P o. and
then the whole u. S. becomes re-
spons.ble therefor, making it per-
fectly safe for the use of my execu-
tor, administrator, ETC., just as soon
as the book with evidence of my de-
mise can get around to the National
Regional bank shark and back.
And yet there is danger, for while
President Wilson has been Watch
fully waiting" haven't these wicked
and sub-serviant Mexicans been un-