New-York tribune., 1869-03-19

THE CASE OF MR.. KEEGAN-IMPORTANT BILLS
CONCERNING LIFE IksURANCEs-TWo NEW
YORK UNDERGROUND RAILROAD BILLS RE-
PORTED FAYORABLY-THE EXCISE QUESTION
IN sENATE-THE DEMOCRATS AGAINST THE
SUPERINTENDENT SYSTEM IN CANALS.
ALBANY, March 1S.--As soon as the Assembly jour
nal was read this morning, Mr.. Hitchman arose aud
asked that Mr. Keegans name be recorded in the roll
call on the Fifteenth Constitutional Amendment,
and in support of his motion insisted that Mr. Kee-
gan entitled TO be recorded there as he made his
request last evening. Mr.. Jacobs supported the mo-
tion, but went further insisting that several men,
bers had been SO recorded on the ROLL which elected
United States Senator in January last. AS tho
Journal failed to support any such position Mr. Ja-
cobs changed his tactics, and insisted that Mr. Kee
gan having asked to be recorded last night,
it was now in order to have Mr.. Hitch
mans motion entertained. Mr.. La Bau combated
this argument, and showed that Mr. Keegan, by ask
ing to be excused, and his request being granted he
had no right to be on the rOcall. If he asked the
privilege of entering the Journal the fact that he
dssented from the resolutions he (Slr. La Bau and
his party friends would grant the request. He read
from the Journal of 1865 to show that Mr.. Keegan
had acted in the same manner in that year, and he
became so unruly then that Speaker Hoskins placed
him under arrest, and he was forced next day to
apologize. Mr.. Gleason of St. Lawrence made the
excellent point that the roll-caH could not
be increased or diminished the day after. If
il could the House could vote for several days on
any bill it chose. The point was sustained by the
Speaker. During the whole discussion. Mr.. Keegan
was standing in his place. wildly throwing his arms
around, and talking in way neither parliamentary
nor gentlemanly. Finally the Speaker ruled that
the whole debate was ont of order and Mr. Hitch
man appealed from the decision. On the appeal, Mr..
Kaaoon a0oin snolfn in euph nouner that unenn-
bers of both parties became disgused and as it was
evident the appeal would not be sustained, Mr.
Hitchman wisely Withdrew it. The Journal Of yes
terday was Immediately approved, and Mr.. Keegan
was left alone in his glory amid the Of the
Republicans and the denunciations Of him by the
Democrats.
On tomorrow friday week, the Senate Commit
tee on Insurance will hear arguments on the bill to
regulate the forfeiture of policies of life insurance
The following is an abstract of its provisions:
This bill that policy of insurance life here
seT a SS oe Sy any r void M the Of
premium thereon any further than regards the right OF
beyond certain period to be determined as follows to
wits The net value of the policy when The premium be
the "combned experiences" or "actuarieS' ratio
Of mortality with interest as per cent ner annu, ~
tho company, or notes held by the company
for premium shall then be Cancelled four-fhs Of what
remains shall be considered as net single premium OF
temporary Insurance. and the term for which it with in
sure shall be determined according TO tue age OF the
party the time OF tho lapse OF premium and the as
sumption OF mortality and interest aforesaid. II the
death Of the person within the term Of temporary
insurance covered by the value Of the policy as de:
termued In the previous section, and II no condition OF
the insurance other than payment OF premium shall
hayo violated by the insured the company shall be
as IL there had been lapse Of premium. anything
in the policy to the contrary providing
however that notice OF the claim ana PROOF OF the death
shall submitted the Company within 80 days after
the deeease and provided also that the COMPANY s1S m
policy the amount at per cent per annum OF the
premiums that mad been f1reoorne az he une Oh tn9
premiums have been paid shall be nonorfeiting for such
proportion OF the original sum as the number OF pre-
miums paid bears TO the total number required by the
policy and such PAID mp policy shall receive an equitable
share Of the profits or dividends until It natures
Mr. Cullen of Kings has introduced the following
bill, which has been referred to the Assembly Com
mittee on Insurance. and on which arguments will
be heard the same day the above bill will be con-
sidered.
SECTION l. It shall not be lawful for any
pany. incorporated by any foreign Government other
an the states OF this Unon or Tor any agent or agents
company to loss In this State In any one risk or hazard
10 an amount exceeding ten per cent of the value OF
Superintendent OF the Insurance Department OF
thiS State as required Dy iaMi nor sha IL Ue Ia"i m
recty or indirectly, to effect any reinsurance
fore insurance company which shall not have become
authorized 10 transact tho business Of insurance this
value of the securities deposited by any foreign nsur
ance company with the superintendent Of the Insurance
Department shall be deemed aud taken at the actual
capital employed by such insurance company III ana ior
the business IN this State. .
SEC Any violation OF the provisions OF this act shall
subject the party guilty Of such violation TO penalty OF
$500 each violation which shall be sued for and
cred the OF the people, by the DstriotAttorney
OF the county which tho agents company yloat
ing shall be situated or doing business ana te sa pen
such county and in addition 10 such penalty any COM
pany guilty Of such violation by any agent or agents OF
nermtug the same shall thereafter forfeit the right 10
Transact and shall be prohibited from ransactng any
further business Of insurance In TINS state ,,
SEC g. The term agent or agents, used IN TINS act snail
include any acknowledged agent or surveyor OF any ~
ransactng the Insurance business OF any such foreign
SEC. T. This act shall take effect Immediately.
The bill to authorize the New-York Railroad Com
| ropv n construct certain railroads in the City OF
New-York known as the Swain BILL was reported IN
tba Senate this morning 1t is the old Three-lier
hill oxoopt that surface road, which was in the
original BILL is now omitted. The route is west of
SIxth-ave to Thirty-seventhst, thence west of the
Seventh-aye. and Eighth-ave. to Sixty-fourth-st,
thence to the Hudson River Railroad at Eleventh
ave-, with one branch, and thence west of the Ninth
ave- 10 and across the Harlem River This bill is now
before both Houses in Committee of the Whole.
Another twotier road. similar in its provisions TO
that of Gen. Swain's, except that the route is on
the cast Slue Ol DIOau"aS up w Voc 'PU ~
this morning formally to the Assembly 1t IS called
the Great Eastern Road.
The Committee on Municipal Affairs OF the Senate
this morning reported in favor OF the bill to prevent
speculators from selling theater tickets outside OF
the box Office of the several theaters.
Mr. Kiernan of New-York has introduced bill
which Incorporates Jno. David Wolfe, Robert Col
gate. Ben H. Field Robert L. Stuart Adrian Iselin,
BENJAMIN B. Sherman, Wm. H. liaines, Theodore
Roosevelt. Howard Potter William L. Blodgett. Nor,
pinr.,,rA ALnr-