Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-12-12
Observation-Disclosures
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Progress on the Insurance lzsiIi-A Pres
peci Of Adjournment.
Bosrox. Wednesday. Dec. Il

BosroN, Wednesday, Dee. II.
The indications are that the legislature viii
finish its work and be prorogued the last of the
week, probably on Saturday. The senate have
agreed with the house on the bill giving author
ity for leasing the Old South church of Boston.
So that matter is disposed of and will become a
law. a difference between the senate and house
respecting some of the provisions of the bill
establishing a grade for the city of Boston has
been referred to a committee of conference. The
Dill regulating the future construction Of build
ings in Boston has been agreed to by both
houses, the senate amendment being concUrred
in, the one which requires buildings hereafter
erected, the caves of which are more than sixty
feet from the ground, to have freproof roofs,
being further strengthened by provision that
the entire height of the buildings shall not ex-
coed seventy-fve feet, excepting chimueys and
partition walls. This will put stop to two
story French roofs OF high buildings.
The house has finally passed the general in-
suiauce bill to third reading, after Incorporate
Jog several amendments. These are, fixing the
minimum of capital OF new companies al four
hundred thousand instead Of two hundred thou
sand dollars; prohibiting the issuing of any
policies until the whole amount OF the guaran-
Tee capital has been paid in in cash and invested
in accordance with chapter filty-ei9ht, section
tbirty.one, Of the General Statutes, aud chapter
twenty -rine of the acts of 1864; providing, that
in any town of less than four thousand inhabt-
ants a company may be organized under the
provisions OF this act, TO insure dwelling houses,
| farm buildings and contents only within the
/ limits Of the town where said company is located,
/ and may issue policies when nifty Thousand COL
/ lars have been subscribed TO be insured; allow
Hold, t1nI n
| ccive dividend of six per cent semi-annually
! on the shares instead OF four per cent.
1 The Dill was further amended by the addition
| of the several sections embraced in the bill
| limiting fiie risks, which has been on the house
| table for several days, and which prohibits any
| fire company or associations from taking risks
/ on property other than dwelling houses and
| their contents, in any town or ward in a city, to
| an amount exceeding its net assets available for
the pay ment of losses in this state; and in case
| il is a mutual company lis premium notes are to
| be included.
| Two new sections were added TO the bill pro-
| vidIug that the corporate existence of a COM
| pdny organized under the act, unless If issues
policies within one year OF the date Of IFS organ
lzation, and also providing that the provi'
| sons OF the bill or the powers and liabilities OF
! companies organized under 1t or any other gen
eral act, may be altered, amended or repealed,
| and that the legislature may annul or dissolve
| any such corporation, were adopted.
| An unsuccessful attempt was made to amend
| by striking out all the sections except that
| which instructs the insurance commissioner to
| prepare and report to the next legislature some
| plan for the limitation of insurance districts,
| such as shall secure a practical operation of the
| act The bill was finally passed to a third read
| ing, and will be printed as amended, and come
| up for final action tomorrow
A communication was received from M. Adj
| ans, the state treasurer, transmitting an order
| adopted by the governor and council relative to
| the transfer of some property from the W oTCes.
ter unatic hospital 10 the state board Of educa-
\ ton for the new normal school in that CITY,
| placing its value at $4,000 The treasurer
raises the inquiry whether additional legislation
| is not necessary TO fully authorize the transfer
| directed, inasmuch as there is no specific apprO-
| pratiOn for the payment or transfer either from
any other fund or from the revenue.
| AT the opening OF the session this morning,
| before there was quorum preSen', Mr.. Howl oil
| Athol offered the following preamble and re.
| solve, which, having been admitted, were OF
| course referred:
Whereas, Hon. Charles Sumner, senator from
Massachusetts. has proposed on the floor of the
United States senate, to erase from the flags of the
republic and from the register of the army, all ia
scr1ptions, mementoes and tokens of the battles
and victories of Union arms in the late war of the
rebellion;
Resolved, that this attempt to degrade the loyal
sodery of the nation and their grand achievements
meets our unqualified condemnation, and merits
the disapprOva of the people of the commonwealth
thus mlsrepresented.
During the insurance debate to-day Mr..
Towne stated, on the authority of a prominent
insurance officer, that since theiyear 1926 not a
single first class occupied dwelling house in
Boston has been burned to the ground. Sena-
tor Wrights bill to incorporate the state official
insurance company has, on his own motion,
been referred TO the next general court This
bill, which will be urged on the attention
of the legislature of 1873, undertakes IN