Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1915-02-11
GETS
RIGHT DOWN TO
BRASS TACKS
Governor OF Texas Would Insist That Ex-
lied Insurance Companies Lend $50
0,C00 in Texas in Next Five Years il
They Want 10 Get in Again.

Austin, Texas, Feb. ll.-Governor James
r. Fergu>on'> pcnchant for "getting right
down 10 brass tacks" on any given propo-
>itlom, that description being the one used
by the governor himself ~ expressing the
characteristic he most desires To lind ia
Others, was cXc-llrntly Illustrated when
h. was asked ~ representatives, OF ''cxilcd'
insurance companies, who ere urging hi
pariiality To the Gibson bill, Just what h.
would regard ~ "a tangible proposition
from them.
The governor suggested, IN response,
that II the foreign c%ompanle, who want the
Robertson law amended will ave him "as-
~urance IN unml~takable terms" that "yOu
will lend $4,000 600 IN Texas within the
next five years, IN farm mortgages, and
municipal and road bonds al u per cent h.
will esteem II a sufficiently definite prupo-
>ition 10 demand consideration. lie ha~
also served formal notice ON the "exiled"
companies that 1.-THE Gibson bill will not
become "A law" unless he has proper as
surances forthwith.
Representatives OF the exile" com
panies responded that tins was too large
a sum 10 require, but the governor couldn't
see II that way, and declined 10 modify his
estimate or to hold forth hope that he
would entertain anything save ''assur-
ance ia unmiStakablc terms"
They contend the people will b. bene-
fitted, by getting more money IN the state II
the Gibson bill j. passed" sand the COVER
nor. well, - Tar a. am concerned |
want u know the people are going u get
that benefit
Every possible advantage FOR either side
i being vigorously contested IN the fight
for the Gibson bill amending the Robertson
law. The law ~ charged with having
'exiled' the insurance companies that
Withdrew from the state after it, enact
mcnt. and il i stated that these foreign
companies will return to Texas If the Glib
son bill passes tins legislature and J. APP
proved by the governor.
Yesterday Governor Ferguson received 4
long telegram from Robert Lynn Cox II
New York city. sand {" BE- representing the
presidents Of the 'eXIled" companies. The
Telegram, which supplemented many letters
and statements already presented Ia the
governor III behalf III the Gibson bin. re-
cited statistics 81 investments III other
states. and sand similar bcn-fitS would ac-
Robertson law. In reply Governor Frrgu-
son sent this telegram:
Robert Lynn Cox, Chairman Presidents
llie Association, New York. y. T.: Have
received Your letters aud telegram. Re
great 20 say that the assurances which
Your companies are sending 20 me are -
vague and indefinite and lack a. much III
being tangible agreements that ! feel sure
our legislature will not look with favor
upon the passage uf the Gibson hill. The
only incentive 10 have the companies that
Withdrew rome back a. Texas j. that they
viii lend more money, thereby reducing the
rate. Unless assurances If the most taugi-
bic kind are forthwith coming that this will
be- done the Gibson bill will mol become a
law. make tins statement m order that
YOU may know the real situation. james
T.. Ferguson. Governor"
Mr.. Cox evidently communicate " once
with gentlemen already un the ground H.
Austin. iur representatives IF the Eastern
companies visited the executive office. ask
iug definition ut Il tangible proposition"
The governor gave them the one heretofore
quoted. The insurance men dcmurrcd.
The governor declined To- rc,.rdc from hi~
position IN amy particular and u In known
that the insurance representative are at
armptiug ny wire az reach AN understand
ing whereby the necessary "a~~urancr M
unmi~takablc terms" can w. given the
executive.
Another angle of the campaign for the
Gibson hill took the form in the ~urguniza-
tiun III Austin of the "Farmrr- and Bust
ness Mems Association vi Texas" Charles
VI. Campbell II Temple. t. whom Governor
Ferguson rendered th appointment #
commissioned oi insurance and banking.
was named president, and H.. ID. Schu-
machcr Of Hill>boro secretary aud trca~ur-
er. \ formal statement SAYS the purpose
Is 10 further the Gibson bill in every pos
~ihlc way and get cheap money for Tex; ="
Awaits Chicken Salad" Ruling.
Governor Ferguson will withhold ap-
,r.,.I 80 "a. I.E.t.p.N .ppr.pr,.t,.p LII