The Laurens advertiser. (Laurens, S.C.) 1885-1973, October 29, 1919, Image 9
it4101
Vt)LUM1E XXXV. LAURIENS9 SOUTH CAROLINA, WE DNESDAY, OCTOBER 29, 1919. -NUBR1
M'LAURIN DISCUS
AND STATE WA
Charges that a Trust of
Conspiring to Put Nc
' Business as a Part of I
Ex-Sn:. o John L . .ie autrin has ad
dressed the following letter 'to .1. S.
Wanna ma ker, president of the Ameri
can Cott on .\ssociaion, in which the
inslaurce and ware houise subj ects are
again brl)tii t to the fore in this ,tate:
Iknnett.wille, S. C., Oct. 1-1, 1919.
.\l. .1. S. Wana!niaker, President
-\im an Cot ton Atsociation, St.
A:w . S. C.
.\lyv *::r .4ir-: i have your favor of
the 2 i.t in :u(. at.d aiu giad to kuw
th.tl ywl faivor 1 d.e -%velop!ii tII of
the( statio warolmia.; syslt-1n mIodc!:!d
on i h.- )>: h (a relin plan "Inl eve..
tat1 In the cotton bw It." As soon as;
I tr i.:rn froti he conference witi
(lovna isaeyI will prepar-e the(
art':. i'-ing conorte pia:;s Col
institul n and the mtal-ine, en
1;11% . Vo :tve i. one i wonjueu'rtl
\vw I I II c I' I I
V o a~m i::e u h 3t: . ien
.Alt .Jn di."wnll on voyv do'ing.,
an M.",y ower vto aid yoti. Bv0
lo c. I!. v:) ( vo v.
oil I;
A 101' till '
o'in . , \'u havc
rooi:i0 wh- Otefamw
b a1 (onii theO .turlus4
i:. a.r;. : :, a f.'ir ;vice for the cot
: . The higher it goes the more
:- - .: b thease, because
at I!. ai:.'w al
prik 'anuttfactutring con
:n.;n.i'ot a1ff*;d to carry at l::'ge
i'hey will se it as a cluh, and
con I n h: ;0 treap iunr 1'as.olable pro
,I .-; at th I expe'ose of both producer
andu m 'acturer.
. b,, cannot afford to handle
wat'ehouse receipt;s in less the intsurt
alce is inuilestioneld, and the farm
or cannot afford to pay ani exhor>bi
an t ae' of i nsu tIance and interest.
chargt.. in order to hold his cot ton.
In estal-lishing the state wareloue
syst e:.1, the momenitt I tonlched tie in
urance I stirred Ip a hornet nest.
-lad I not been e'intirely free to make
1y own arra'getents Outside of Sonth
aol ina. i esystem could have iever
ent in 11 operation, nor can it
laitatimc t(10C lively.uindet' the )re. -
nt I Insuriance sittiation.
No ntn who has the true interest
th1le farmi!11' a it ar Ii lnn a (dvo:at#
system which doe; not take cate
the co'int ry starage. "'ot ton shlid
ke:et as near' the4 place of p0roudne
n as possible and when it tmoves,
uld go strta Ight to tiie plate of Man
etire, evetn if it, is in China or'
an. Every time 11hat cotton is
vedl, it add's to Its pimatry cost,
whethetr the grower pays It direct
not, it Is at his eIxpense. I foundt~
A911i that the trates otn outnt ry ware
ses we re prohibitive. The t rust
rgedt $l.50) pet' $100.00 while In a
-'th class town wIth exactly3'the
ie bui ldinag the rate was less thtan
htalf that atnoui4t,
xpler'itnce hlaS\J0(oved that safety
I nsu rance lies -141\ thte disttibut ion
rIsk. I conit Ienithat if thle sittr
cottoin were dIistrbtted it ware
's of e600 hales eapeacity scatter
all over thoel I hat so far' as
rIsk wag c'o w? ,'It Is the b~st
the wo ol 'be t he
apes)(t. Thet 'inlsurancOecomnlines
d mtor'e14 in one tire in ling'utrta,
,than 'th'ef woutld it the next tea
rs on Giborgiac cotton In country
rehtotuses doch as I .haie descrIbed.
t they gl/p the .4kuta warehouise
'ate of I56 and chari&-the cotrty
t'ehouse 3 if 1per." $100.00. The
nedC~y for i' t pirovlid a eiys
nm of 'state nsur'ance for watrehouse
ittn. To do that, htowever', will In
t( such a conitest wIth the insutrane
ust that it wvill be necessaury for each
to to htave Its owtt ratinug anid In
pet Ion -hureau. We have a provision
ii our constitution forbiddintg the
* rmtatlin of a trust atrtd specifically
Ir~ctIn~g the legirlature to pass laws
or their preventiont. Ia 1917 the log
slature of Southi Carol Ina deliberately
laid down to the Intsutrance 'trust andl
We are today well nigh powerless.
Thte passago of the Laney-Odomt act
was tbc renat of thn fight mae hy
SES INSURANCE
kEHOUSE SYSTEM
Insurance Companies are
on-Board Members Out of
light on Warehouse.
ithe t11st to provent te levelopieit of
a state Warehouse system. outh Caro
lina has beeni selected by tis Irust as
a proper field fort' fill] developimtent
of a trits system with a view to its
extension into other state'. So that
if you are going into other states witi
he cot ton association, it will he niees
sary for lyot to take a hand in this
I Mier tho passage o t' whe 1.anvy
Odoi act there was a v.holkesale with
drawal of insuirancev vomlpanlis From
u ' li inl older' to forc' its,
repeal. 'Ihey failed to deprlive the
.iate of insu'a nc, becuilse of the d
'elopm-nt of loal com1panies antd of
foreign ni( paies w'l'millined, b: -
atise 'hey aw it would be a -
.a11l 11(1d1. H.". I hte ; i ''' legisatlire
I ll 1. 17 ti he Ii.-bl wvas r ti y
wvo., ani a11 property in South Uaro
In'la ''as 1being tal:en (are of at ra
far lvss; in miost ca'es. than Ihosie
wilcivh w hAil been payin;l umther tIie
dlem t!':l i n of Ihe insu ?11'n t I ru., I
rueht: at one tine that io:vernor
A! -.,i n.ng had -gone ill wilh ithe ,
hu 1 .do .not thilk 54o aow. ve
w; , wa; tryin.g lo do his11.3 T w~
'o:.n y du ived. .\:Mlr. :loyle . :llnral
eon tuse(l for Ithe 1 tIsurance~ ;r't..:i :
and haI . aid prv'; med anl inl
r111-ane law or IsL-: own mtakinz, :0nd
!:tl thiai if his act Vwi passed that
the conO.1nic . would n1t te: the 10 'late
and treat th people right. (lino
lannn), poitiI2 aIl iiene sour, d1
he re;al of the n
allat I was ,powerless and rv
shin ed as wa rehouse commissioner.
The very first step taken by the
rust was a general inerelise, rangingv
frohl a inium of 15 ICIr cent. to 100
per cent in rates. They are now pro
paring to take Ilie next. step to make
thle trist absolutie, by driving all non
board com pan Ies and their local
agents out of bu si ness. I have rveent
13' retilIed from a lort.1tern tpl)
where I have secured positiv inforlma
tion that 'Sotit b Carolina has been SP
leted as the proper stat e inl Which to
try Ohis experlimntl. T'' reasons as
signed beiing, viz.:
;irst. In order to liltlish this sta te
for havilng the temetrity to beck the
rust in 1916.
Second. Revause she is a small
'tale and it wi!lbe less expensive antd
(ant1erous to mualm, the light hre. I
iiiht add that I slippose the'y 11111d
it ov'rI ihw politicians. so easily In 1917
that 1I11c3 regard our11 legislature a:v a
"soft snal)."
A few days since t her'e was a ileet
ig iln Atlanta of tile generill and spe
cal aigents of the Southeastern 'n
derwrVIiter's Association, (which is the
nanme of that brlanlch of thle tust emn
brIa('ing Soth Carolina). The startling
annlounlcemtent was .mnadeo after this
meet ing that nto local agent who repro
s'ent ed any (company113 not a m1emberOi of
Ithe trltist , woiuld .he perm itteCd to r'e1
r'esent any of th' trusit 00om1panies05
They gave as a reason for th is act ion
that thet nlon-board eompanles get rates
from the Trtust St amin~g Offlce with
1(ut1 adiy cost to them, and areo conse
(lently entaled' to give tihe local
agenits mor0te lommliIsslon than the trlust
comtpanies. This is not true because
1lhe nlon-bloard companit's arle urged 1by
thle Itust 14) send thbelr rep~ort s t hrough
thle Staminlg Offce; as a matter' of
fact-, .tpose nion-board compnites havV
annoblheed thirl wvIll ingniess to pay*
their 'pro'-r'ata share of the expen1se
of mtaintaining the ratIng bureau, but
ar'e not wIllinag to sIgn the agreemlent
b)1Inig t hemselv~es to obey the ru les
atnd regullatlons of the tr'tIst as to rates.
In othier word(s become servants of thte
truist. Thlh Involves somnething m1oret
sacred than dollars and cents. It Is a
qutestlon of personal lIberty. it Is an
offor't to ('onmpel every loeal Insurance
agent to become a servanlt of the trust.
1' qtult butsIness.
Following thtis meeting in Atlant a
thero was ai secr'et mletting held att the
Irofterson hotel on Octohir 14. '111 At
bLintA meetIng made its proceedings
public, but then I understand that the
trutst leaders saw that hey were going
a lIttle too fast, as the Fotnth CarolIna
legIslature would soon be In sessIon,
anld It wa dleemed navIanhln to tknen
under cOverP unltil after the legislattire
adjourned. Fo' tils reason not a word
has been given out from the Columbia
meeting. I have givei the alleged rea
sons set forth by the Irist for atteipt
ilg to force Independent compahles
to retire from the state, buit anybody
conversant with the situation knows
that the reasons given are all rot. The
real reasons are, viz.:
First. Those compianies and the lo
val companies who remained In the
state "aind stood by our peole are
Writing more than one-half of all the
business in this stale.
Second. It is a Continuation of the
effort to destroy the state warehouse
:;ystem inl Sonth Carolina and render
impossible its developmient in other
states.
As 001 as tle trust was permitted
to enter the state after the repeal of
the 'lAlneyOcdoni act they sent around
and had each one of the sutate ware
houses rat d. I have in my possession
a little -hooklet giving the new rates,
which on an average was double the
rate that I had secured, by forming a
combiqation of independent companies.
I have theard of a prominent ins iltranev
man making tihe remark about this
new rating: "if we can't Put them out
of bitiless in one way we can an
other." Th South Carolina state
warehouse system lid not. make any
war on t.e ilslu ralce I ust. The Vom
issmioner round ai average rate of
$,.do per $111).00 and wc'fl{ to, 'New
York and form ed a combiliation
through which he oblained wi rate qf
$1.5. 'The (rst when tlyy f& T'id
the names of these comtipales -coml
pelled them lo Withdraw, not i e anse
the rate was too low, but becatise they
did not. plopose to have any opposi
tion. I have writtitn this at solmte
length, so as to let youl sec that we
have the oppointitiy right lhere it
Soulth Carolina to wilt this light and
have no ottible wllen you go into Ilie
other stat's. The other articles will
follow as soon as I canl find'tlime.
Yourls very truly,
J110. 1a. .\lCAlaurinl.
I1 N % l, S T , 3N
rake notice ihat on the 2nd day of
)eceuiber,- 1919, I wil render a final
aceont of :ny aets and doings as Ad
uinisiqtratrix of the estate of .1. II.
Cinn inghllan, deceased, in the Otfice
of the .1idge of Probate of atenp
cottnty, at I I o'clock, a. in., and on the
saine day will apply for a final dis
charge fron my trust as Adininstra
trix.
Any lwrson indebed to said estate
is notified and reNlired to make pay
ment on that (ate and all persons hav
ing clius against said state will
present. them on or iefore said date:,
dilty proven or lbe forever barred.
COlt.\ CU'NNINMIlA.\1.
Adinlinistratrix.
Oct. 29, 1919. -71-A
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