The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-11-24

- ,GHARIEsToH, Nov. 1e.I
ll[spsell copespo ondancsoi tAe Intelli lliscaessl
Times are getting squaily.I Mems live
are insecure now Of the Capital. The y
has been given and returned, amonl
those who were elected to make laws 70
West Virginia. Dignity ls 0 thing OF th,
past Men have lost their reason, AMI
mean whisky Is OF the bottom Of all thl
difficulty. |
A few nights since, the ahock OF q
earthquake was felt In Charleston. SOM
n thought the, day Of their probation wa
drawing 10 20 sclose. The Window p
large houses ratified like the teeth or {
southerner on the plains Of Nebraska u
midwinter. II was o "sure.enough" earth
quake, but 1t was distant and feeble. u
was portentous Of coming events. II Was
perhaps the iorerunner OF the battle Of the
iaw.givers,-a battle in which the shaking
OF dry bones could be heard from the
Big Sandy to the Pennsylvania line; Q bat.
tie In tho House Of Delegates that viii
end In bunged eyes and cayed.in noses.
Without jesling, there has been o one
horse earthquake In the House Of Dele
gates. The lie has been freely given and
as freely taken. In fact, / have made
myself asscarceI % I.possiblyl could hi the
vicinity Of these III rnltrs.A Had1 been q
member, r think that I would have de-
manded leave Of absence for few days
at least. ] am O natural coward, and as
o matter of personal safety :never feel
OF ease when men are talking about
"pistols and coffee" and things under
that general head. Have never had any
desire for q ray Of light to pass through
my Jim Fisk bay toindoto, such as follows
after q pistol ball. 90.
In my letter Of yesterday gave q brisi .,i
account Of an open field fight over the bill
In relation To taxing insurance companies.
1t was disgraceful enough then, but the
last "set to" was worse and more OF 1t: l
want to do. Justice to oil parties. and In
order TO give o fair understanding OF the
cause for their quarreling, will give be.
low the Insurance bill In full, as amended
and passed to its third reading In the
House:
-. HOUSE, BILL NO. 2o5.H 80
A bill to amend and re.enact section two
Of chapter thirty.four of the Code !of West
Virgins, and to repeal 90 much OF an act
passed February IS, 1871, and OF sections
three and thirteen Of chapter thirty.fom
of the said Code as Is inconsistent or In
conflict herewith relating to insurance
companies.
Be 1t enacted By the Legislature Of West
Viryinid:
"2. II shall not be lawful for any officer
or agent Of any fire or marine insurance
company, directly or indirectly, 10 take
risks or issue policies OF insurance within
this State, without first procuring from
the anditora certificate as hereinafter di.
rected. Before obtaining such certificate
such company, its officers or agents, shall
furnish the auditor with statement un.
der oath Of the president or secretary Of
the company for which he or they may
act, which statement shall show:
First. The name and locality Of the
Second. The amount ol its capital stock;
Third. The amount OF It's capital stock
Fourth. The asseta Of the company, in
cluding, first, the amount Of cash'on hand,
and In the hands oi agents or other per-
sons; second, the real estate unincum.
bered; third, the bonds owned by the com
pany, and how they are secured, with the
rate OF interest thereon; fourth, debts 10
the company secured by mortgage or 9th.
erwise; filth, debts for premiums; sixth,
all other securities; I
Fifth. The amount OF liabilities due or
owing 10 banks or other creditors by the
company; - aa!l u
sixth. Losses adjusted and due;
Seventh. Losses adjusted and not due !;
Eighth. Lesses unadjusted;
Ninth. Losses In suspense waiting Tor
further proof; 81 tThiS lA.N 81 +
Tenth. All other claims against the com.
pany;
Eleventh. The greatest amount issued
In any one risk;
Which statement shall be filed In the
office OF the said auditor, and no foreign
insurance company, or agent Thereof. shall
transact any business Of Insurance In this
State, unless such company ispossessed Of
at least one hundred thousand dollars Of
actual capital, invested In the stock or
bonds OF some one or more OF the States
OF this Union whose bonds are OF par, or
of the bonds OF the United States at the
current market value thereof at the date
Of such statement, or In bonds secured by
mortgage, or deed Of trust on real estate
within this State worth double the amount
for which the same Is mortgaged, free
from any prior incumbrance and having
undoubted title. The auditor shall be au:
lthorized 10 examine into the condition and
affairs ot any foreign insurance company
doing business In this State, or cause such
examination to be made by some person
or persons appointed by him having no In;
terest In any insurance company; and
whenever 1t shall appear to the satisiac-
tion OF said auditor that the affairs OF any
such company are In an unsound condi-
ton, he shall revoke the certificate grant
ed In behalf OF such company, and shall
cause q notification thereof TO be Published
| In some newspaper Of general circulation,
published at The capital Of this state, and
me agent or agents Of such company are
and after such notice required 70 discon-
tinue the issuing OF any new policy or the
renewal Of any previously issued" .y
"2. When by thelaws OF any other state
any deposits Of money or Of securities,
or other obligations or prohibitions,
are imposed or would be i'm
posed on insurance companies lol this
state, doing, or that might seek 70 do,
business In such other state, or upon their
agents therein, 90 long as such laws con-
| N 4. l..aa Nka aanna ohli0atfnnu and
prohibitions, Of whatever kim, shall be
tmposed upon oil insurance companies, OF
such other state, doing business within
this state, or upon their agents here"
."3. Every fire insurance company and
life insurance company doing business Ia
this state at the time oi making The annual
statements as required by law, shall pay
into the state treasury, as taxes, three per
cent OF the gross amounts oi premlums re-
ceiyed In this state during the preViouH