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About The Montgomery monitor. (Mt. Vernon, Montgomery County, Ga.) 1886-current | View Entire Issue (Aug. 10, 1916)
PEOPLE HAVE LOST MILLIONS OV INEFFICIENCY, SAYS DOBBS Atlanta, August 8. —State Senator E. P. Dobbs of Cobb county, in pur suance of promises made in the an nouncement of his candidacy for the office of comptroller general of Geor gia. has just given out the first of several statements in which he charges William A. Wright, incumbent in that office, with the responsibility for huge losses of Georgians who in vested their money in income, or guar antee fund certificates issued by mu tual insurance companies operating upon the legal reserve basis. In the announcement of his candi dacy for this office, Senator Dobbs re fers to complaints against the depart ment in numerous letters from citi zens of Georgia urging him to run, and says: “The admitted record of unfor tunate results following the ad ministration of this department for the past ten years will, in my opinion, amply illustrate an abso lute public necessity for a new comptroller general and insurance commissioner, and the installation of energetic and progressive meth ods for these combined depart ments.” Referring to his own success in the manufacturing business in Marietta, and in other enterprises and soliciting the support of friends and the citizens of Georgia generally, particularly those “whose recent contact with this de partment convinces them that my an nouncement is opportune,” he con cludes : “I will, at an early date, furnish the public with the official records of results above referred to, and which will astonish the uninform ed by disclosing the amazing num ber of preventable losses suffered by the people of Georgia on ac cqunt of lax administration -a rec ord in which Georgia leads the blacklist of all the states in the union.” The People Misled It is in pursuance of this announce ment promise that Senator Dobbs now proposes to give specific instances. He charges Mr. Wright with an effort to fool the people regarding income or guarantee fund certificates, in that he makes it appear in his report to the governor, dated January 1, 1916, that MUTUAL insurance companies were authorized to issue these certificates. Dealing with the insurance act of 1912, on page 8, Mr. Wright states in part as follows: “No provision of this statute has been of more immediate benefit HARDMAN LEADS IN ; fiOVERNOR’S RACE.' Makes a Fine Impression and Gains Strength Every Day. (Advertisement.) Atlanta, Ga., Aug. 2.- With sentiment in the governor's race rapidly crystallizing recently, it is apparent that Dr. L. G. Hard man is leading the field. The first to announce, he began early and has waged an aggressive campaign, carrying it directly to the people. He has visited prac tically every county in the state, which is greatly to his advantage, as he makes a fine impression and gains strength wherever he goes. Dr. Hardman’s style of cam paigning appeals to the people because of the high plane upon which he bases it. Making no references to the other candi dates, he simply presents his, own cause, dwelling on his legis lative record and the principles and measures he advocates, in cluding law enforcement, in creased educational opportunities, development of farming inter ests, complete separation of church and state, biennial ses sions of the legislature, a strict business administration of state affairs, and many other matters of vital concern. Os lofty character and large affairs, Dr. Hardman is distin guished by eminent success in all his own professional, business, and agricultural undertakings, and a career of brilliant public service, having been the author of much legislation promoting ag ricultural interests and the gen eral welfare. A business man and Christian statesman, his mot to is: “First the people them selves, then their affairs, both safely guarded.’’ Beginning this race with the practically solid hacking of those who supported him two years ago, when he carried sixty coun ties and barely missed a number of others, Dr. Hardman had a running start, and late reports from various sections now indi cate that he will carry the state by a sweep. to the public than the section which l drafted dealing with what is known as ‘lncome’ or interest bearing certificates, issued by mu tual and co-operative or assess ment industrial companies. The State of Georgia in 1909 legalized these certificates.” Mr. Dobbs states that the act of 1909 makes no mention of mutual life | insurance companies, but confines it- | self to "any mutual aid, benefit or in- j dustrial insurance company incorpo rated under the laws of this state upon the co-operative or mutual as sessment plan;” and that the section of the 1912 act, whose authorship is claimed by Mr. Wright, has no further effect than to repeal the law of 1909; i that nowhere in the laws of Georgia ; is there or has there ever been any J statute authorizing the issuance of ! these certificates by Mutual Legal Re serve insurance institutions. Millions Were Lost It is charged that one Georgia com pany has issued more than $1,500,000 of these certificates, some prior to 1909 and many during the latter part of 1912, with the knowledge and con sent of Mr. Wright; that two other Georgia companies have issued more than $850,000 of these certificates, making the amazing total of more than $2,000,000 issued without any author ity of law, PRACTICALLY EVERY DOLLAR OF WHICH IS A DEAD LOSS TO THE INVESTOR. General Wright admits in his report that “the sale of these certificates caused a financial loss to many citi zens,” and attempts to relieve himself of responsibility by stating that "the insurance department had absolutely no jurisdiction.” Senator Dobbs points out that char ters granted to these companies make them subject not only to the laws of the stale, but also to "any rules or regulations of the insurance commis sioner ...” and that these insti tutions could easily have been pre vented from taking the hard-earned dollars of citizens in practically every nook and corner of Georgia, without the return of any value, had Mr. Wright, as insurance commissioner, regulated them by proper rules and compelled them to comply with the laws. “One of the most unpardonable and neglectful of the acts that go to make up Mr. Wright’s official record,” Sen ator Dobbs states, “was his failure to require the Empire Life Insurance Company to make the SIOO,OOO deposit as the law requires, for the protection of its policy holders, before issuing to this company a license when it began doing business during 1912.” i i Paper Can he Made From Cotton Stalks. | Berlin, July 30.—The Royal material testing office at Gross- Lichterfelde, a suburb of Berlin, announces the interesting dis- Icovery that paper can be manu factured from cotton stalks. The discovery is notTconsidered of much importance for Germany, which produces no cotton, but is pointed to as of vast importance to the United States, the greatest producer of cotton in the world, because of the shortage of paper reported in that codntry. The discovery was made, it is ! stated by a German institution while carrying out a commission from an Egyptian firm, given before the war. A shipment of stalks, which had arrived from Egypt before the opening of hostilities was used for the ex- j periment. The stalks were cut and ground, , boiled and bleached, and the pa per-making then proceeded after the usual methods. The result caused the testing office to arrive ! at the decision that cotton stalks | are a good material for making paper. Huge C. S. Meal Shipment. Brunswick, Ga., August 7. Within the next few weeks eight thousand tons of cotton seed meal will pass through the port of Brunswick. This big supply, it! is stated, is to be shipped to, Great Britain, through a local company, and the first of the’ shipment will begin to arrive' shortly. This is an entirely new business for the port and is said to be the first of a number of big shipmeftts to be made from here. Farm For Sale. I offer for sale 225 acres good land with four-horse farm cleared. Tw'o houses, and nicely located, three miles south of Tar rytown. If you want a bargain in a place see me for particulars. 4t. W. B. Connell, Mt. Vernon, Route 1. J THE MONTGOMERY MONTTOR-THURSDAY AUG. 10, 1016. Efriht jars i AND RUBBERS I | 1 SH 8 « 5 58 « 1 s 1 a a S a 2 ip j | Save the fruit of your farm and orchard | 1 | | find thus guard against future needs. Do | ip . , i | it in season, and while you can get good, s S | safe jars at reasonable prices. | 11. V. THOMPSON & BROS. | | AILEY, GA. | fi a s • fTTTTTTTO TT'rTTTTTTT'rTmirTT'rmTTTTTmmTT'/TfVTi j l i [Just a Word] to You? j - t~t —i ► I here comes a time when you need 3 t something in Hardware and Furniture. 3 ► It may he a Pocketknife or a Window 2 ► Shade, or it may be a Hundred Dollar j t purchase. Keep this in mind when J t that time comes. We are here to serve J t you with the right goods, with prices 3 t and quality guaranteed. When it is 3 l HARDWARE AND FURNITURE \ ► l come to see us. 3 ► I AILEY HOW. CO. I [ AILEY, GA. i t 5 • AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA• | 199 per cent. ! OF THE SUCCESSFUL BUSINESS MEN ANI) WOMEN ARE BANK DEPOSITORS I BECAUSE in a good bank their money is absolutely safe and al- I ways available: checks are returned and become receipts; ! ! checks and stubs form a con venient record of income and ; I I outgo, and best of all, when the bank depositor sees an op- ! j; portunity of using some money profitably, his acquaintance ]! ; at the bank and record as a depositor make it possible for i ; him to procure a loan. You cun promote YOUR suc cess by becoming a depositor with MT. VERNON BANK, MT. VERNON, GA. i CAPITAL, $15,000.00 SURPLUS, $33,091.00 RESOURCES, $175,199.09 ; ! ! With*? T. McArthur, Preaident W. A. Peter«on, Caahler J j [ Alex McArthur, V ice-Frenulent H. L. Wilt, Aaaiatant Cjsah ier J MT. VERNON, GA. I| 1 | You Won’t Have to Wait I For P... book You will no longer need to leave your pass book (your ; j only receipt for deposits) with us a day or more at. the last ; : of every month in order to find out how your account stands, i With the Burroughs Bookkeeping Machine, which we are j| putting to work in our Accounting Department, we will have :g ;jj every depositor’s account posted up to date at all times. I A neatly printed, machine-figured statement of your || checks and deposits, and the balance of your account, will g i|: come to you every month with your canceled checks. » Your pass book will show only deposits and will remain » in your possession all the time. g *1 And if you ever want a statement of your account in a * I hurry, we can give it to you with every check and deposit 8 listed right, up to date, inside of live minutes. This Monthly Statement System is an improvement in if our service to you that we are sure will earn your approval. y\ It is less burdensome, quicker more accurate, and far more j| satisfactory to everyone concerned than the old method of ’i calling in and balancing pass books. ;jj Your first machine-printed statement will be ready Aug., ;> 1. Tell us what you think of it. The MT. VERNON BANK j j; MT. VERNON, GA. jj: (Complete Water Systems ;| 11-4 11. P. Engine and Pump Stand, % P Jack, Cylinder and Belt j| $65.00 F. O. B. Macon |> Tliis o#!V»r docs not include pipe or jlj j|| pump rod. Pipe ((Galvanized, I 1-4) || I*‘ and Pump Rod, cut to fit your well, 20 cents per foot. | WILL R. GOODYEAR i I THE ENGINE VAN 1 $ 451 Broadway Street Phone 178fi 3P p MACON, GA. When in Vidalia | See me for % g GAS, GILS AND ACCESSORIES 1 “FREE AIR” j! | E. O. MEADOWS 1 Church Street VIDALIA, GA. , —- If You Need Glasses, You Spanish Peanuts. Need I hem P itted ! Rggt variety of Spanish Pea- Corrcctly. nuts, for sale at fie per pound. W, E. WALKER, JR, D. S. Williamson, Refracting Optometrist 54tf Alston, Ga.
