Business: Exit Missouri Life

For years the biggest life insurance company west of the Mississippi was Missouri State Life. Recently it became the biggest insolvent life insurance company west of the Mississippi. Last week it ceased even to be Missouri State Life.

Writers of insurance in 40 States, with 250,000 policy holders and nearly $1,000,000,000 of insurance in force, Missouri Life has been in hot water for some months. Rogers Clark Caldwell, Tennessee's meteoric financier, bought a 29% interest in it during the gay 1920's, sold his interest to Inter-Southern Insurance Co. When the Caldwell bubble burst,...

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