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Updated: May 14, 2025
Even as it was, the discussions were acrid and verged at times close to personalities and the oratory, especially on the part of those who advocated the "six-bit" policy, was both perfervid and vociferous.
"Sheeny Joe is sellin' a Panama paraqueet a pair o' six-bit dungarees for a dollar and a half, and he ain't got no time for reporters, but he looks up an' he sees me lingerin' in the doorway. "'Gib, says he, 'tell these reporter friends o' mine about the time you was wrecked in the Straits o' Magellan, an' the fight you had with them man-eatin' Patagonian cannibal savages.
"Nor'm, I ain't," and Jeems Henry seemed disturbed. "Then you'd better come around to the kitchen. We'll see what we can find." At this unheard-of generosity, Uncle Billy's eyes opened widely and he exploded in remonstrance. "Now, hol' on dar, Miss Hallie! Hol' on. You ain' got none too much fo' yo'se'f, d'out stuffin' dis yere six-bit rat hole wid waffles an' milasses."
They felt that in the last analysis there was no logical, honest argument for the discounting of payments unless it were a case of absolute insolvency with individual companies. It was maintained by the opponents to the "six-bit" policy that the insuring public had paid for what it assumed to be valid contracts and was entitled to just indemnity and payment in full.
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