The county record. [volume] (Kingstree, S.C.) 1885-1975, 1920-12-30
new YEAR LETTER
BY W. H. WEIGH
TIMELY INSURANCE. y
THE CONSIDERATION OF
POLICY HOLDERS.

BY the time many CT you r"cd This
letter, the old year will have passed
away and the new year will have en-
tered upon the threshold Of duties.
Many of US will reflect upon the past
twelve months with great feeling of
gratitude for the many blessings we
have received, and at he same time
hope for the continuation of. them
through the year 1921. Too many of
US have rather a disposition, however,
to throw ourselves back, put our
thumbs in the armholes of our vest
and say, "sec what great things have
done" AS a matter of fact, what little
we accomplish was done with the as
sistance and cooperation of our pat
rons and friends with the divine Will
smiling upon US. What can man do
alone? No man liveth unto himself.
We are merely parts CT great ma
chinery-each part by itself worth
less, but when working in conn ,ction
with the great system into which we
fit, we should fulfill we'll the duties
allotted us.
This is the spirit that pcrmeates
my being at this time, and / feel that
l cannot thank my patrons and friends
enough for the splendid patronage
and cooperation given me the past
year. Although collections arc slow
at this time, due Of course to the pre-
vailing conditions, l feel that bright
er times are ahead and that every
thing will turn out all right in the end,
providing we continue doing business
in that same spirit of cooperation and
good will.
While writing this letter of appre-
citation wish to call attention to
changes in values that should dema
our thought with reference to insur-
ance carried on our property.
In the first place prices are tumb-
ling. Practically everything one buys
now costs less than it did six months
ago. Building material, lumber, hard
ware, dry goods and other mer-
chandise, labor and farm products all
over America have gone down ma
terially in price. It is hard for US
who bought or built homes one year
ago, or bought merchandise or any
thing else at the tip top price to real
ize that our money Is slipping away |
from US by way Of deprecinting val
ues.
The man who built home six
months ago costing $4,000 and who
placed $500 insurance policy on
(which amount he was entilcd to
at that time under the three-fourths
value clause in the policy-does not
have $500 insurance on his dwelling
at this time, altho he is paying for
that much insurance. If the same
dwelling is worth only $4,000 now and
the owner should have fire he could
not expect to collect More thai $4,000
under the three-fourths value clause.
So why should man continue paying
insurance on the $500 that he does
not have a chance to collect. 1t is
better to cancel cut the S1,500 surplus
insurance and save the insurance
premium. The companies &c not
want more insurance on your property
han you can collect, neither does an !.
honest agent want the commission on
hat surplus insurance premium. This
same illustration holds good in the
.ase of the merchant, farmer, and
,very other owner of infiammable
property.
Why keep your cotton injured for
cents per pound, corn at
'1.50 per bushel when you could not
Expect to collect more than the market
ralus of these products, at this time,
hould you have the misfortune to