The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1872-01-18

Vic prosecutors snouid De pointedIy directed 10 TINS
duty.
| INSURANCE DEPARTMENT.
In former messages 1 recommended the passage o!
a Law .'to compel every company doing business in
this State TO furnish ncontesiibe evidence ade-
quate paid.up car ita, and 10 make investments or
deposits sufficient to secure policy-holders;" and
after indicating, in general way, the manner, !
| further said: There is in my mind no question
as to the power and duty Of the State thus 70 pro-
vide for the security of its citizens from fraud and
extortion, and at tie same time, leave opportunity
for full and free competition between all COMPANIES
worthy Of public Confidence
With this end in view, sn act was passed at the
last session milar TO the laws which have been in
force for years in Massachusetts and New York, and
more lately in New Hampshire. Rhode Island,
/ Maize California, Kentucky and Missouri; and
like those since adopted by Michigan and Connec-
ticut. Recent occurrences in other states, have
shown the necessity for such policy; for numer-
GUS insurance organizations extend their operations
beyond the States where they are incorpo' ated,
and where all their books, records, and assets
kept; mourning obligations, and receiving large
sums of NJ oney premiums thereoa, then, fall
ing leave their contracts Of insurance unpaid and
worthless. Sound and reliable companies from
other States should be encouraged to enter thi:
state and compete tor business; but those unsound
insolvent or in anywise fraudulent, should be pro.
hibiteffrorn tracsactiDg any business here. vher.
ever organized. Nothing but a system Of thorough
supervision, with power 10 compel companies Z,
make their actual condition known, will reael
these desirable results
In pursuance of the new Law, approved March
Scott, Superintendent OF Insurance. Upon tn.
organization of the Department, il vas found tina
some Of the companies claimed rights under iorms
legislation incompatible with the execution Of tn
existing Law; but an advised that, with fez
exceptions, all have complied with the legal re
quirements, and that the rulings Of tn
Department have been sustained by The courts
Some amendments may be Necessary to the prope
efficacy Of the Law. I am satisfied, however, tina
the general system Is right, and ought not 10 b
disturbed. think the Department should be au
thorized and required TO make, at the expense o
the companies, ocial publications Of the fscts il
regard the capital, assets and liabilities of each
with the nature OF its business and the names o
its agents. to the end that there may be no decep
ton. The report Of the Superintendent will b
, laid before you.
sTAIE LANDS.
RESPONSIVE TO ny letter Of the I'th Of October
, 1870 ipab sbed in last annual message, hav,
teen oiicizIy informed that the Secretary Of III,
interior has decided, in accordance with the CLAIM
a,serted In the letter. that the State Is entitled fo
schooI purposes the sixteenth ana thirty -axtl
| .ections within the Osage Trust Lands and thel
dininished Reservatiee; the length Of he CORES
pordepcc precludes its inseftisn here; but il viii
Sc laid before you. The deeision ID dated February
IAah, 1871, and vss rseeiysd ~ this o1ee NareE