The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1922-06-23
Mississippi Fire |nsur-
ance Organizations
Record of Mississippi Fire Insurance
Company as Reason for Interesting
Everybody in Stock of Bankers &
Merchants Fire Insurance COMPANY


charge of the sale of the stock for
the Bankers & Merchants Fire Insur-
ance Co., of Mississippi, was seen by
representative of The Sentinel a
lew days ago and was asked about
4 what he thought of the almost marvel
Gus success of the Mississippi Fire
insurance Co., and of what can be
done by other fire insurance COM
panies in Mississippi Mr.. Reynolds
answered:
well, as you know, | had charge
\ OF selling the stock for the Mississip-
pl Fire Insurance Co. There was an
uphill pull to get people to thinking
that Mississippi money was just as
good to write fire insurance as the
money from any other state. argued
that if people who live in New York,
pittsburgh, Boston and other places
found 1t profitable to come into Mis-
slSslppl with their money and write
our fire insurance, that our people
could take their own money and run
nre insurance company. But some
would say, We've no experts and
there is nobody here who knows about
how to run fire insurance COM
pany. / answered, Eyes, we used
to think the same way about our
school teachers. We used to think if
we really wanted an educator, why,
We had to send to some northern
state and get him. But we have
learned better. We are learning bet
ter about lots of things. So after
much toll and much persuasion, got
lot of business men to thinking and
thinking rightly, and they started the
ball to rolling. The result was that |
we organized the Mississippi Fire In
surance Co. 1t was one year old in
May and the sworn statement being
now published Of the company's first |
years business justifes all / said and
even more With a capital stock of !
1852, 100000 it shows a surplus of over
TWO HUNDRED THOUSAND DOL
LARS-just think f rs =
are over one milllo = III L
before like ii in t ,tory ne
whole coUnteY.
'Now the u know, ; am sell
ing stock -45ankers 4 Mei,-
chants Fire Insurance Co., which was
organized about February l. What
the Mississippi Fire Insurance Co., ,
has done is being duplicated and even (
more by the Bankers & Merchants
Fire Insurance Co. The Mississippi '
Fire Insurance Co. is serving as an s
object lesson and the people of all
classes are profiting by it.
"The Bankers & Merchants Fire In
surance Co. is under the control and
direction of some of the States most !
successful and most prominent busi-
ness men. It's directors are scattered
all over the State. The people are
seeing that if the Lamar Life Insur-
ance Co., now twenty or more years
old, can make an enviable record
with Mississippi money and Mississip-
pi men and the Mississippi Fire can,
so can other companies. The people {
are seeing that these companies are j
not taking what is paid them in prem \
iums and hiking to some New Eng
land state with it, but that they are f
loaning money to farmers and others .
who need it here in Mississippi. 4
"The Bankers & Merchants Fire In -
Co. is making such wonder E
full record that the remainder of the ,,
stock could be sold to a few capital /.
lists, but that we do not want to do. .
and is what we set out not to do. :,
We want the people at large-in diff -
ferent parts of the State to be stock \
holders, We really want really Mis- =,
sissippi spirit to be in the company. y,
That's why we are offering the stock =;
TO the masses. 1t is a mOney-maker. -
1t will be the biggest dividend payer .,
well no oil mill or bank can beat it. -
And you know fire insurance is a ~
necessity and necessity demands that ",
people get into the game. E,
It is an awful sad situation that con- ~
fronts the man with a little home ", -,
when that home burns and he has no y,
fire insurance. The same thing ap- ~
plies to his store and other property. rs
There is room for number Of big u;
in Mississippi. Why in
1920. there was nearly ten million y
dollars paid in fire insurance prem 60
ums in Mississippi and the fire loss TS1
vas comparatively small. Stock in -;
his company will provide you good =,
ncome. So my injunction is ~
@ get in the band wagon and go with 70 70
IS while there is room. There is a VI VI
title more stock Of the Bankers & th
Merchants for sale. >-'~-- 90 90
II will saw to any one who has a 50 50
'ew dollars that if you do not buy ~
some of this stock that you will feel N
ike a year from now when its first ~
years. business is shown and when ~
here will be no more stock for sale, r.
/ will just walk out behind the barn -.
ind get some friend to apply the toe w
If his shoe to the gable end of my f.
Of
Mr.. Reynolds is very proud of start On g,
ng the Mississippi Fire Insurance Co. r ss
md is enthusiastic over the Bankers 81,
& Merchants Fire Insurance Co. He er er
-eels that he is doing the State dis nc
inct service in getting Mississippi N
nen and Mississippi money'to work in
ire insurance.
hi
Mrs. c.. w. Kosman returned We'd Iu