The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1922-02-03

when Aetna Insurance Company retired from business in
manner for or on behalf of this Company ceased and was termi-
mated. Recent developments in the litigation make it necessary
that we again notify you you no longer represent this Company
in any manner whatsoever and although your commission OF au-
thority was imperative and of no effect after we retired we
must insist that you Immediately mark it void and return 1t to-
"csis"s0 AETNA 1XsT Wn2IlN eo 2iP:1SrS:
Now if these companies We're not all dancing to the same
tune, if they were not all pulling the same wire, how was 1t that,
although domiciled in different parts of the world, they all acted
as of one mind on the same day and about the same thing?
}. b. Ross, of New Orleans, manager for a number of fire lnSuI-
ance companies, under date of Jan. 10. This letter expresses
telegram of Jan. Z above referred to-
Then we have before us another letter Of similar import sent
out bv P. L. Hennessey & Bro. Of Vicksburg, in which special
reference is made to the agents Brokerage BIZ recently IN
We want to emphasize that these fire insurance companies
GREST no ga sap 6E M TO MIS5S oP4T a oF WISs fssf TlD Un otft this IS
suit was filed and the subtle propaganda was started, we new r
heard that they claimed otherwise.
business men of Mississippi a realization of the profits made ~
fire insurance companies. 1t has shown these same business men
that these fire insurance companies were TAXING OUT tar
more than they left. 1t showed them that these companies
came here and practically did business on our money.
The going out of these fire insurance companies has made
our people realize the necessity of doing for themselves, and as
sissippi, one is the Mississippi Fire Insurance Company, 1t be,
gan business in May, last, and, as we understand, has collected
money in the State and loaning it to Mississippi people; 1t is
not draining the State to enrich an institution IN New York, Lon
Only a few days ago, the Bankers and Merchants Fire In
surance Co., was organized in Jackson. The biggest merchant
in the State is the president of the Company and its officers are
made up of some of the best business men of the State. This
Company will also keep its money within the State. L It's going
to succeed, too.
We think the public needs of the State demands something
to what we have tried to state in this editorial.
We believe that our legislators want the real facts; very,
very few of them know anything about the workings of fire in
surance companies, and the situation has been such that the very
best and the most intelligent people, could be easily misled in re-
gard to what the real facts are and the issues involved.
Q We hold no brief for the Revenue Agent. We have no antip-
to fire insurance companies. Many of the agents are our
good friends and we have sincerely regretted any embarrass-I
that may have come to them as a result of this suit. We
believe that Fire Insurance Companies should have a square
GO oJCo ,do yo hollow a n mSurInp nuDIc ShOud nave
a square deal. In due time, we think that Mississippi will have
a number of companies within her own borders that will write
her own insurance, and that other fire insurance companies
which did not run out of the State will be doing business in the
State.
Let reason prevail. Let the history of the past and the eX-
perience of days gone by guide our people and our legislators
in thinking over and acting on this insurance question.