Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-07-31
ARTICLE FIVE
MILLIONS OF CAPITALISTS

There are forty million persons
in our country engaged in gainful
occupations" About the same num-
Der of people are investors in Life
Insurance and these investors have
thereby created an Investment fund
of eight billion dollars.
Now see how this works out.
Those engaged in 'gainful occu-
pations' are divided into many
groups, according to the work they
do. Let us take two or three of
these groups to illustrate the effects
OF Life Insurance, as a source of
capital, upon the economic life of
the country.
Consider first the railroads. They
need money with which to carry on
their vast and ever-expanding bust
ness, so important to the prosperity
OF the country. If they cannot get
capital, they cannot buy cars and en-
gines and build stations and MAIN
tain their tracks. For financing new
equipment and track improvement
the railroads must sell their stocks
and bonds. Right here come ON the
scene our good citizens who have
gotten together in their life insur-
ance companies, money enough to
buy two billion dollars of these rail
road stocks and bonds.
Two Billions of Capital
Among the forty million policy
holders are many railroad men, in
GLIDING all grades from the president
down. If the railroads could not get
capital these railroad men would
either be out of job or would have
to work for reduced wages and sal
aries. But these very men have
helped through their Investment in
Lie Insurance to create fund
which Supplies their roads with two
billion dollars of needed capital. SO
they. help themselves twice over:
first rheir Lie insurance policies
have purchased security and happi-
mess for themselves and their farai-
lies; second, through the investment
OF a part Of this insurance fund in
railroad securities, they have helped
ito finance the very railroads which
provide them with their livelihood.
Now, give a thought to the farmer.
He has joined with many other far
mers in buying Life Insurance. lie
and his fellow farmers need rev
capital for buildings, for more l1d
and equipment. Once more the sup
ply IS provided by insurance iu.je
created by farmers and others VINO
Flave invested in Life Insurance.
Those farmers who pay life insGr-
ance premiums have helped 10 help
their fellow farmers, for one and .
quarter billion dollars OF lille jnsur-
ance funds are loaned upon farm
mortgages.
Financing New Homes
Think for a moment of the city
man who wants roof over his head
that he can call his own. If you
don't build houses, you can't have
homes. Still less can masons and
carpenters and plumbers and paint
ers and all the other building crafts
men make a living. Many a person
can pay for part of the cost of a
home at the time it is built, but the
balance must be paid off over a Pc
Rod of years by means Of a mort
gage. This IS better than paying
rent in most cases, but it cannot be
done unless someone will loan him
the money with mortgage as coli
lateral.
So the homc-owner and the me-
cfanics WHO build the house for him
turn to the fund which they all have
helped to create when they joined
the great company of investors in
Life Insurance, a billion and quar-
ter dollars OF which has been III
vested in mortgages on city prop
erty.
h A i