Oxford eagle., 1921-09-22
NEW INSURANCE co.

Crystal Springs, Miss, Aug g..
The launching Of the Mississippi Fire
Insurance Company in the State at q
time when the suits filed against the
old companies operating in the State
threatened to take from Mississippians
all fire protection was one of the big
things done for the Mississippi public
this year. The first $780, 100000 in
stock was taken by few patriotic
citizens who admitted that it was
venture as no one could foresee with
any degree of certainty just how II
would be received by the public. IT
was known that the foundation ex-
penses would be large and would have
to be met make or Break" and then
it had to be properly officered and
placed in the offices of experienced
agents throughout the State. The of
ficers after running since May lUth
only proudly state that all of this has
been accomplished and point to the
following figures as proof of the
hearty reception it has been given and
IS being given by the public. Before
The end Of the first month the pre-
niums in policies issued were $42, $780,
20; in June the yamounted to $92.olo.-
20 and in the month of July just closed
hey run up to $150, 100000 on an aver
age of 5000 per day.. To date the
Company has sustained only three
snlall fire losses which altogether will
not exceed $3600.00 net. Nearly one
.undred thousand dollars worth oil
took has been sold at two for one.
The reinsurance facilities enable the
company to write nine times its net
lines and the Underwater has recent
ly been to New York where he made
treaties for additional lines. Mr..
Barbour Secretary of the Company
pledges an absolutely guaranty of all
policies the company underyrites and
the officers are proud of the record
being made by this purely Mississippi
concern which organized solely to help
out the people of the State when it
looked as though fire insurance would
have to be carriedby the individual
owners of property in the State.
Attention is called to the local APP
pearing elsewhere in this issue refer
ring to the activities of the Mississippi
Fire Insurance Company that home
institution recently organized by some
of the safest and best business men in
Mississippi and officered by Missis-
sippians for the protection of Missis-
sippians at this critical time in the
State when the matter of citizens
securing ample fire protection from
the old companies heretofore doing
business in the State has been uncer-
tain and problematical. 1t is refresh
ing to note that this Company is es-
sentially Mississippi concern. All
of its stock is held by Mississippians
and being readily sold to MISSISSIPPI
plans. Every employee with but one
exception, is a Mississippian, every
dollars worth of furniture and fix
lures has been purchased from Missis-
sippians and it is stated by those who
know that of the several million dol
lars in premiums that go out of the
State annually that at least $4,000
10000 of it will be written by this
Mississippi Company by January 1st
and instead of finding its way into
the pockets of the East and to Foreign
countries as heretofore will be kept
in Mississippi and loaned to Missis-
sippians to assist in developing our
wonderful nature resources and that
the funds of the Company may be fur
ther conserved for the upbuilding of
Mississippi, its officers state that the
expense of conducting the business
which generally runs about 40 per
cent of the premiums income to q COM
pany will be paid to Mississippians.
No other organizations within its
border. evinces such loyalty to our
State and these lofty considerations
should make of ever ycitizen strong
friend to the Mississippi Fire In
surance Company. The growth of the
Company has been phenomenal. Altho
it's license was issued as recently as
April 9th, 1921 it has now obout 300
producing agents and is writing daily
premiums of about $4,000 in view of
the fire insurance condition confront
ing the people of the State it is graft
flying to know that this new Missis-
sippi Company has effected large and
attractive reinsurance facilities which
will enable it to take care Of the
Mississippi situation to very large
degree thereby giving Mississippians
protection and affording the agents
of Mississippi a magnificent facility
for caring for their BUSINESS, we COM
mand to our readers favorable con-
sideration of this Home Insurance
Company.