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nmVtU INSURANCE PLAN
l K4.I s si \ | | n > IM, \(.| IN HU
Ikwiikv < oirrnl**s|ouo ? ?v?ys Compa?
nies Take $2,000,04M> Away From
After pointing out the life insurance
Companies ..f other States receive
from this State annually for invest?
ment about $1,000,000. P. It McMaa
ter. Insurance commissioner of South
Carolina, recommends In his annual
report that the State engage in the
Insurance business and thus keep this
large sum within the State.
"The State, through the public
schools, beneficiary scholarships, hos?
pitals and poor houses, educates and
caree for those whose natural proter
tore have not been able to do so. Why
should the State not offer the means
for those of her citizens who seek by
means of life Insurance to care for
those dependent upon them The
former Is done at public cos ; the
Uttttr may be done at public gain."
The commissioner says:
"If the Stat* of South Carolina
?oj|d receive the premium piwnents
snd distribute the funds therefrom to
the widows and orphans and Other
beneficarles of her citizens who seek
t< provide for them by means of life
Insurance, and if her citizens would
trust her as they do life Insurant I
company managers hundreds of miles
away. South Carolina would be i-de?
pendent of banks and bankers to re?
fund her public debt, provide the
million dollars needed for the Bos>
pltal for the Insane snd supply funds
for her snd her counties for tempo*
"Is this in absurd assertion when It
Is recalled that life Insurance compa?
nies of other 8ta?es receive from this
State annually for investment about
$2.000.000? The amounts stated else?
where in this report show that life in?
surance companies of other States in j
till collected In premiums, less divi?
dend return*. $4.626.000; that they1
paid out in all policy claims $2.406,- '
000; that hey paid agents, medical
examiners and all other ageno ex?
penses $$$6.000; that they paid in
State. county and municipal taxes
and license fees |ltlt###, leaving for
that one year alone $2.123.000 for in?
vestment, lees managerial expenses. .
?worn statements of these '
i show that they had on
b.' i i hank balances during the
year $11 ?7.000, of which $524.000
- , roportionate part belonging
to South C*rollnans. This $542.000
would supply all the cash needed by
South Carolina and the counties In
South Carolina for temporary loans.
'It Is not amiss to note Just heie
that though the proportionate share
of South Carollnnns in the cash bal?
ances of these life Insur.incc --m pa?
nics was $542.000 during 1911. yet
only $193,000 was kept in South Caro?
lins hanks; of this latter amount
$111.000 was In one bank In South
Carolina, due to the patriotic activity
of one general agent. An l this, de?
spite the fact that the strogest banss
In this State would pay 4 per cent on
deposits while the companies do not
generally get more than 2 per cent or
t per cent on such of theo ib-posits
us to draw interest.
W th such excess funds for invest?
ment. South Carotins' in three Off tour
years SOUM take care of re-r own pub?
lic debt and spend a million dollars
on the Hostlpal for the Ins no-. To ho
able |n maturr the policy contracts
just so surely as the Insurance com?
panies, the Sf.it?> would not have to
pay n" re th in J 1-.' per < ? nt int. rest
on the*e funds, and this is tews than
she does pay on her public debt.
"The State. throtgh the public
schools, beneficiary scholarships, hos?
pitals and poor houses, educates an 1
cares for those whose n.Curil pro?
tectors have not l>een able to do so.
Why should the State not offer the
in. an- for ?hose of he: children who
seek by means of life insurance to
care for those dependent upon then1.
The fSjffUsUV is done at public seal] the
tatter may be done at public gain.
"Life Insurance Is merely a scien?
tific development <f that fundamental
Christian government doctrine of
beiriio? SSM another's ha dern, trans?
muted into th? equities of i geaeffal
average In accord with I he Pauline
doctriie. SO tnat e oh mm BWaffl his
own burden Tim ? x ;? t SCleatlAc prin?
ciple has lone agOg di*<o\eied. tested
and awreloped private eateffprtes
aealousi> >*.. eks the trusteeship of th<
contributions for the direct and indi?
rect benefit of the trustees Wh it al
BJsaffe natural and pffepOf than that a
mmmi n guardian, the SI ?te, ihould
sseorio i" - trusteeship for the Ci m
'It WafJM proehSi I means for^ a
citizen In his pffodtM live years to pur?
chase hu aaaaltj fot h,s old ago, Ii
would sup|d> a no ins for a ? ithlen to
ensure the education and mainteaancs
of his children during their teadsf
year** by the purchase of an .mnultv
for tfiem. f??r I term of years. It
woubl oro ide a Saeaaa whereby a citl
sen rould pay the state In Installments
or in one payment the premium neees
MENINGITIS IN TENNESSEE.
AN nODOC HIU.AKS OUT IN
DYHK (OI NTV.
SUty-One Diagnosed and Thir?
ty-Five Deaths ? People Panic
Striken and District Quarantined.
Pywbttfg, Tcnn. Jan.2.?Sixty-one
case of cerebro-splnal meningitis
have developed to date in Dyer county
and of this number 35 have died, ac?
cording to a statement made to the
Associated Press tonight by Dr. J. A.
Albright, formerly secretary of the
Tennessee board of health, who has
been engaged by the county authori?
ties to direct efforts to stamp out the
disease. TWenty-one of the cases and
11 deaths occurred within the town
Within the past 24 hours two cases
developed In Dyersburg and two cases
in other parts of the county.
Dr. Albright stated that immuniz?
ing au'-ntl are brim; freely used are!
within a few days he anticipates that
his forces will have the situation well
in band and a marked improvement
be shown. Public gatherings have
Quarantines have been established
by adjoining counties.
aary to insure the payment of a lump
sum or an annuity to his dependents
upon his death. It would do all these
things which life Insurance companies
do and with a great deal more cer?
tainty at less cost, and, at the same
time, keep right within the State the
life blood of the State?its cash capi?
Life insurance companies give this
el the fundamental essence of their
1 ? ;ng. Their claim for existence is
that they rclb-ve the State of this bur?
den. Hut at what cost! During the
last 40 years in which life insurance
has developed in this country, It has
taken out of South Carolna probably
some tens of millions of dollars over
and above what has been*paid to the
willows and the orphans.
"Can South Carolina do this work?
If there be applied to it the same fidel?
ity that has been applied to her
scheme of fire insurance on her pub
lie buildings, devised by Assistant At?
torney General DeUruhl, and per
t ' ted and managed by Secretary D.
H. Means of the sinking fund, that
question is answered.
"Every one who knows anything
about the business understands that
the marvelous growth of life insur?
ance companies has not teen due to
the returns to the pollcyholders hut
rather, putting it in a blunt but truth?
ful, though seemingly ausurd way, to
expense of management?the amount
paid for putting the business on the
books principally. The gold and glit?
ter of managements, master In the
art. stir agents to do their utmost for
the widow and the orphan?and the
company. This language may seem
a little high pitched, but it hardly
sounds the fulness of the note to
whlih the busines haj marched In
Its larger corps.
"The waste of It all has been feai
"The greatest cost, proportionate to
returns, if not the greatest waste, has
lieen in what is km>wn as Industria
Ufa Insuran? e. the kind when* weekly
paymnts of live cents upward a e
made. To cure this evil ami. at the
same tine-, to care for the widow and
the orphan, and do all else that insur
mee companies do. Massachusetts es?
tablished her savings bank insuram ?
a quasi public institution. Germany,
Prance and England and other Euro
pean countries have established va
rlong forms of industrial, old ago. mm
?mployajn nt and workmen's Insur?
ant*'. The New Zealand government
has a Ufa Inaumnee department, Wis?
consin has just total llahod its own
life insurance department in the Stafs
government, and Michigan is propon?
ing to do U new loo. Italy ami Uruguay
have eetabliahod government monop?
oly In life Insurance. As recently ex
p ? seed by a prominent superinter.
i. at of insurant **, there li a ground
?well toward State insurance.
? in its origin the movement to?
ward state insurance seems to have
been due t.. a d eel re to provide f(>r the
I unfortunate by means of insurance, it
being believed that the state could do
this more economically than was bc
Ing done by Inaumnee oompantea
Latterly, there appears to have awak
. ned a public sense of danger at the
enormous volume of assets piled up by
the insurance companies, the property
of the public but in the control of a
fen Individuals The Inability of the
policy holdere, the real owners, to hnve
a voice in the management of these
\ast properties, except through the
government* la a matter ol grave con
The fact thai tirsi Thomas K, Ryan
and Den .1 Jterpunt Mol an were
willing tu pay |S.I..00Q or more for
$ & 1,00(1 of 7 per ten! stock which
gave control ..f over $600,000,000 ol
.--?eis must give any thoughtful man
p.ase With othei financiers through?
out the counry struggling t?? gel con?
trol of life Insurance com pan lei be?
eauea of the enormous power the as
sets of auch Inntltutloni give, the quee
POMP AM) DISPLAY OF INAUGU?
??An Ounce ef Performance Is Worth
u Ton of Promise," Says Retilly
Democratic Governor in Address
Upon Inauguration at Albany ?
Tolls People to Judge His Acts
not Wbnt He suyK.
Albany, N. Y., Jan. l.?Precedents
of years standing were ignored and
others created today during the inau?
guration of William Sulzer as Dem?
ocratic Governor of the Empire State.
All the pomp and display usualiy
incident to such occasions were lack?
ing, this at the Governor's own re
ineet There was no military dem?
onstrations, no Govei nor's salute of
19 guns, no parade, nothing to fea?
ture the induction into otlice of the
State's chief executive, except a no?
table gathering of prominent people
and the carrying out of the procedure
provided by the Constitution.
The new governor Insisted on walk?
ing from the executive mnnston to the
capltol, refusing to ride in a car?
riage which had been provided. At?
ter the ceremonies he inaugurated a
new feature by appearing on th
front steps of the capitol, and ad?
dressing the thousands w ho were Uli?
nbli to witness the ceremonies inside
Governor Sulzer took the consti?
tutional oath of office in the lavish ly
deCOrated assembly chamber.
In his inaugural address the n *\v
executive pledged "an honest and ef?
ficient and economic and busmen-,
like administration," an 1 was free?
ed with prolonged applause when he
"The people know that an ounce of
performance is worth a ton of prom?
ise, and they Will judge mv adminis?
tration not by w hat I s ty now, but
by what I do hereafter.'
SENATOR BAILEY RESIGNS.
I'd It or R. M. Johnston Probably
Named to Fill Yacanoy.
Washington, Jan. 3.?Senator Jos.
W. Bailey today sent his resignation as
Senator from Texa-s to Senator Gal
linger, to take effect immediately. It.
M. Johnston, editor of the Houston
Post, is now in the City, and Senator
Bailey said he would be appointed
by the Governor to succeed him, with
the expectation that the Legislature,
when it meets, will elect him to till
out the unexpired term.
tlon whether the government should
not take over these Instituions, or at
least take steps to curtail their
growth and power is not to be dis?
missed without serious consideration.
"While not of universal applica?
tion it may be generally stated that
life Insurance has become a means to
gain centred of ther people's money,
rather than that of accumulation of
assets SS an incident of life insurance.
"Government insurance has gener?
ally been of slow growth, except in
the forms in which It has been made
compulsory. This is due to the non
employment of agents. But that Is a
matter of detail. There Is no reason
why the State should not employ
agents and pay them as private cor?
"If the suggestion made elsewhere
In this report that companies licensed
in this state be compelled to Invest
the assets held for Bouth Carollnans
in South Carolina securities be adopt?
ed, it is probable that some companies
now licensed may cease doing business
in this State. If the State should un?
dertake to offer insurance to Its citi?
zens, probably many of those now in?
sured in companies which would with
draw would place their insurance with
the State. This might be done by re?
insurance of the whole bUSlnei as has
been done in one or more Instances
by the Italian government or should
the State make 4 per cent Us reserve
Interest rate many of the most de?
sirable lisks In companies reserving
on a lower rate could secure advanta?
geous cash surrender values and take
paid up insurance with he State. If
the state would employ agents, ?t
would supply profitable employment
to many of those who have served the
companies which withdrew.
' With the scientific basis on which
life insurance now is founded, The
stale could make this provision for
the care of widows, orphans and other
dependents with as great safety as the
life Insurance companle, and doub.
less In the end, at less cost. The
other benefits t?? the body pollta are
already Indicated. In addition t<? these
would come opporunltles to follow in
the footsteps of the government* of
Rurope; making i"ii& time loans to
farmers at low rates of interest: pro?
viding fumis for ail public improve?
ments; making conditions as atrac
Uvc at home as tiny are anywhere
else, and thus not only relu'n oui
capital but our Vigorous young man?
hood and womanhood, who arc in w
frequently attracted elsewhere bj ih?
opportunities which are opened u|
with South Carolina money, In part,
in the care of trustees far beyond the
borden of the State."
BLEASE "FIRES" NOTARIES.
ISSUES So SWEEPING ORDER AS
Governor i>co area Commlselons of
All Ofllcen Should Expire with
ills Term, but Permits Number of
Notaries Public to Itetniii Commis?
sions ? Muny prominent Citizens
Aiming those Hawing Commissions
Revoked?Blease Explains Action
ami Incidentally Makes Other
Columbia, Jan. 3.?Gov. Blease
has revoked the commissions as no?
taries public of the following:
Henry J. Hardy, pressman of the
Columbia State; Capt. Dibert Jackson,
atliliated with the reportorial staff of
the State; Col. August Kohn, head of
Tin- News and Courier's Columbia Bu?
reau; A Iva M. Lumpkin, Hepresenta
tive-elect from this county; A. J.
Bethen, private secretary to Governor
M. F. Ansel during h'.s term of office;
David Harper Means, clerk of the
State sinking fund commission, and
of George Powell Miller, Walter Tay?
lor Love, William D. Love and Wil?
liam Stephen Hough, all of Columbia.
Commlssioni to notaries public are
issued during the Governor's pleasure
and can he revoked at will.
Noticing the revoking of commis?
sions of so many notaries public, Gov?
ernor Ph ase was asked this morning
why it was being done or what It
meant, and in reply made the fol?
"You remember when I first came
into office I revoked the commissions
of si' notaries public, my reason for
so doi.ig being explained it the time;
also oi. the stump during the recent
campaign, at which time one of my
opponents would yell, every day, 'He
cut off the heads of all the notaries
public.' His protests had no effect
upon the people, for they realized that
1 was right in the step that I had
? aken. 1 said then, and repeat now,
that under the Constituion, the com?
missions of every appointive officer
should be made to expire with the
term of the Governor who makes the
appointment 1 still believe that, and
in carrying out that policy I have
called in the commissions of all de?
tectives and constables working under
me, January 1, 1913, and am revoking
the commissions of many notaries
public along the same line.
"I would have issued a general or?
der, hut two years ago this was very
much objected to, and I was asked ,
not to enforce the order because it
would interfere with the hanking in?
stitutions and others in handling their
"There are some commissions
throughout the State that I shalL not
i ovoke. and I am satisfied that there
are some who will he glad that their
commissions are revoked, because I
have heard of them saying that they
did not want to have any commission
signed by Blease; that they were
ashamed of them, hut that they had
to have them on account of their
business affairs; therefore, as far as
I I can. 1 am trying to relieve them of.
"Furthermore, I do not think any
man should hold a commission under
the State Government who openly vio?
lated the laws of the State last year
by betting on the result of the pri?
mary election. I know of no better
way to stop such gambling than to
carry out the law and deprive those
of their commissions who were guilty
of that offence, as provided for un?
der our Constitution and statute laws.
Therefore, when I have the positive
proof, 1 shall revoke commissions for
this cause. This in short is what it
means, and this is all it means.
"I furthermore stated that no man
need apply to me tor a position unless
he be a Ukase man; 1 mean that. I
was censured for it. yet now some of
the same newspapers who condemned
me so severely for my position, are
hollering 'to the victor belongs the
spoils when it comes to the appoint?
ments to be made by the President?
elect of the United States, Woodrow
Wilson. If the 'spoils' belong to Wilson
and his crowd, why should not the
Blease men reap the rewards or the
'spoils' from their victory. Yet they
praise Wilson for sticking to his
friends, and condemn Blease for stick?
ing to his. Truly it Can he said, 'Oh!
consistency, thou art a jewel.' and I
beg to add, 'A clear-cut diamond.1
"Of course, where appointive offices
were submitted to the primary and
elections were held by the people, the
will of the p. ople should and must be
carried out. unless some good cause is
shown why it should not be, but when
it comes to appointments in my dis?
cretion. 1 shall stick to the man who
stuck to im ; because, standing by my
old moto, 'Of what shall a man be
proud if he is not proud of his
supervisor reports that
ti rains have don.' the
of the Hot
propriet r< ss
The People's Bank.
Banking for 1913
THERE HAVE ALWAYS BERN BORROWERS AND
LENDERS, HUT EXPERTS CREDIT VENICE WITH HAV?
ING THE FIRST PUBLIC BANK. WE ARE NEITHER THE
OLDEST NOR THE YOUNGEST, BUT NONE GIVE BETTER
The Farmers' Bank & Trusr
Condensed Statement of
The First National Bank of Sumter,
Sumter, S, C, December 30, 1912.
Loans & Dis'ts, 457,045 89
U. S. Bonds at Par, 25,00000
Bond? & Stocks, 15,300.00
Furn. & Fixtures, 2,500.00
Real Estate, 1?153 93
Redemption Fund, 1,250.0t?
Cash and Due
from Banks, 78,897.83
Total, ^586,979 40
Capital Stock, Sioo.ooo.oo
Profits. 112, M 7.13
Due to Bauks, 1,095.23
Total, $586,979 40
Organized in 1887 with a capital of $50,090, since
which time it hat paid to its stockholders nearly One
Quarter of a Million Dollars in Dividends.
We solicit the accounts of corporations, firms
Heil O'Donnell, Pres. R. D. Lie, Vice Pres. J. L McCallum, Cashier.
The Bank of Sumter's
Christmas Savings Fund
IS AROUSING WIDE-SPREAD INTEREST IN THE CITY.
WE CONDUCT TIUS SPECIAL DEPARTMENT TO CUL?
TIVATE THE SAVING HABIT IN SUMTER?AND WITH
UNEXPECTED SUCCESS. ASK FOR DETAILS.
The Bank of Sumter
We are prepared to furnish this product at prices that will enable
every farmer to use it. We have a very low price this year and
nothing will do your land more good, especially run down lands,
or l->\v and sour land. It Is necessary for all leguminous crops
such as Alfalfa, clover, vetch, peas, etc. Get our prices In car
lota or in smaller quantities. Samples on request.
BOOTH-HARBY LIVE STOCK COMPANY,
SUMTER, S. C.
FrostProof Cabbage Plants;:
Prices: 1,000 t.? 1.000 plants at $1.25 per thousand; ft.OOt to 9.000
at $1.00 per thousand; 10,000 at ?0 cents per thousand and special
prices on larger lots or to those acting as our agents.
We have cheapest express rate, we guarantee count, safe delivery,
prompt shipment and satisfaction. Plants mown In open Heids and
guaranteed Frosl Proof. We have all varieties. The earliest. Early
Jersey Wakencld; nexl earliest, Large Type Charleston WakeflaM;
lata varieties, Succession and Late Flat Dutch. Plants now ready for
Cash mono) order or express money order with all orders.
The Carr-Carlton Company,
MEGGETTS, S. C. i