New-York tribune., 1873-03-08
ALBANY.
AN ALLEGED INSURANCE "STRIKE'
A MYSTERY OF THE LOBBY-THAT $l5,OOO-m
HENDEE's BILL.

AN ALLEGED INSURANCE "STRIKE'
MYSTERY OF THE LOBBY-THAT $lb,OOO-MR.
HENDEE's BILL.
ALBANY, March THE vague rumOrs in Cir
cuaton for several days past that unknown lobby
st obtained $4,000 from the insurance companies OF
NewYok under the pretenso that no could control the
action OF tho Legislature certain bill affecting the
companies brought before the Assembly near the
close OF the session today and made the subject OF
privileged remarks which. however failed to shed any
light on the truth fasebood OF the rumor The bill
alluded to brought here by Mr.. Henry OF NewYork
and introduced by Mr.. Mcqueen OF Schenectady.
1t compelled insurance companies to make monthly
statements to bo published in certain designated news
papers, OF their loans and Investments with names and
particulars 1t is not alleged that the author or intro
ducer OF the bill acuated by bad motives but that
outsider having learned the fact that tho Insurance
Committee intended to report against the BILL made use
OF this information to strike" the companies
the pretense that his influence and the money so OBJ
tained would control the action of the Committee
That attempt to get from the companies was
made by such pretense is doubtless true.
but that the insurance companies 80 stupid as to
pay $4,000 without inquiring into the truth Of the lobby
lists representations Is scarcely credible The rumor,
however, reflected the Insurance Committee. and
the Chairman, Mr. Tobey, has been much excited about
it.
A motion made yesterday and carried unani-
mOusy, that another insurance BILL introduced by Mr..
Hendee, and referred by his request TO the Judiciary
Committee, should be taken out OF that Committee and
referred the Committee. where it properly
belonged. To-day, Mr.. Jacobs inquired whether the
transfer OF the bill had been made and took occasion to
refer the that had been in circulation preu
dicial to the Insurance Committee OF which he was
member but whose meetings he said he had rarely at
tended
He said he knew nothing OF the truth OF the
about the bill introduced by Mr.. Mcqueen, but he did
know that the bill introduced by Mr. Hendee was In the
handwriting Of a member OF the Third House," and
that printed copies OF it had been sent by one to
the Insurance Companies in NewYorx. CThe bill COM
pes life insurance companies in case of failure 10 pay
premiuns give policy co days notice before
premiums due and 80 days grace after they are DUE
before the policies be fOrfeited Mr.. Jacobs in
qured how this bill happened to be referred to the JUDI
clary Committee.
The Speaker replied that he had no particular recol-
lection about it, but doubtless at the request Of
the member introducing 1t. Several members OF the
Judiciary Commtte stated that MI. Hendee had
told them this morning he did request 1t to be
referred when he introduced IT, and had asked them to
sign paper keep 1t in the hands OF the Judiciary Com
the bill till two days ago. and would De gad
II it, and all other bills not belonging properly to ms
Committee would be sent somewhere else, a5 the Judi
ciary Committee had more Of Its own bills than IL had
time to attend to. 49,
garded the request Mr. Hendee to have the bill re-
ferred 10 the Judiciary Committee as an Implied reuec-
ton his Committee, and II Mr.. Hendee, or any ono
else had any statement TO make lmpugnng the integrity
the Insurance Committee, he would ike 10 near IT,
the train before began, not present
respond, to give any reasons for preferrng refer
ence bill Judiciary rather than the Insurance
COMMITTEE He may, perhaps, he prepared TO give his
hereafter and meantime the House, Dy unau-
imous VOTE his bill TO the Committee on Insurance
where for aught that has yet been shown TO the
trary, 1t might safely have gone IN the first place.