The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-03-21
NEW YORK'S LAW TlNKERS.
MOTHER mo DtTCH or EIiLS TINT
INTEREST rms cry.
Something that sav,nrs Bank Dcpositors viii
he Glad to kuow-A General Insurance
niii-sccurity Of Life In the sinrbor.
ALBANY, March 20. -Acling b

ALBANY. March 2O-Acting Bank Supcrin-
tenient Lamb will mako his report ~ to the
condition Of the savings banks IT the State to-
the Legislature early next week. The report
sill embrace an exhaustive review OF the bust
a. es OF these institutions for the pms, four
years. or since the beginning. of the panic which
has resulted go disastrousy to- many of tho
badly managed and inSolvcnt institutions. The
public will be glad TO learn. as it is understood
the report will show. that there has been II
marked improvement In the management
uf these institutions throughout tho State.
AMI that they Will mako II much moro
favorable showing than they hay" done Tor |
years past. Most Of the doubtful securities /
have been got rid 81. and Investments made In /
stocks. which. under the existing laws arc re- /
rardrd NJ the very best class ot Investments. II
s said that the increase IN this class Of sccuri-
ties now held 10y these institutions Is nearly !
forty millions incXcess Of that which they held |
four years ago. There has also been II large
Increase in the total amount OF deposits not
w.thstanding the hard times and the excitement
cons, qucnt upon the exposure and breaking mp
/ o.. several rot IN institutions There has also
/ lcrn a marked increase IN the surplus held by
/ tlpsr banks said To b. about sl0.UuO.OOO more
/ ;hun they held iourvcars ago.
/ The Assembly having for the time being got
rid OF the Ai,ord appor,ionment farce settled
down To- legitimate work th- morning, nrgc
pait wi the session was taken up in discussing
! 4 general M, insurance bill. which had been
prepared anl ryr.rici from me Insurance
1 Cnnimttc.. Tlr bil is very exhaustive one,
! covering MOST II ii" features of the Graham
! hil of last winter. Wuiri passed. the Assembly,
. hc enacted into a law in IN" shape IN
/ which il came i:1n ne comrl,trr: II
would uuiuc-,ionaty be- OF advantage,
The 'r0,irs. of th1 debate today nni the many
uacn .nruts offered lead t. lit" encourage,
tive State The mi required that "Naminetlons
Of every lie insurance company should %
mnHp once in five ycats 10y the Insurance De-
pastmeni Mr. Fish said that r'c-nt develop
iuents had shown that more :rrpnrni rAhirinh,
So ~ To make th.se .Nanin9tonrr ono,
IN tnrne years. To TN Nr lrrs'tW
rrtorted lhal recen, dey.'opm,n'e 80 ,i iIiir
were decidedly against frequent rNamnn-
tions. When tho cost oi such eNamin.tions I'm;
running NJ ~ they did in one instance. e. 500.
900 L would rot tax" long 10 bankrupt ihr hrst
runipaui,- il such examinations were y rmiiiel
too frequently. In this way computes were
ruahrd ~ tn,' funds which shoult he k"It u
ins.t th"ir liabilities to their policy hodrrs;
V.rv recent Developments had dri.onstrN"l
mat th' funds of ihpsc computes w"r" benz,
absorbed iustT than any company rouii sianl
ANA remain solvent IL frequent examinations
were IT, hr made.
; Mr. Fish's ainenlmcn; was. however, adopted.
Tho same gentleman then 'irr"9 another
amendment. when WAS aso q uI tod, ifpNiiih.
, that No olicrr or clerk OF IL NE insurmr com
puuy SHAH receive any cVmris-i"u. ~iii"nd or
. aInIpcusntion. or profit ~ any D,nd from any
. insurance. cninpnny for services pr inunrnre
connected Witn "a. u!s.n W. Ia ''' ,,,i ~
l'rr'iors. which amount ,-na Ice Included IN
ie annual r,purl u 'e .Nl.'l''i', u.s. VIZ.
any commission or cmoum'nt tor attend ny
~ tieet n-s OF t9r CON , 10 NM Nh, w..
= / coiutuity. or ON premiums ia.d on any FIR" IN
+ ~cranrc poii'y issued 10 or held ny su'h ~ m
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"", ~ .J - M ar inuri.nnnlrnt II Was IN.
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l. ~, iil nnulJ nj ne disposed ot al this session
r "a. r.,.,r,...d
D." "NT.s i,us v,,r,. re,,erto1 f,vorolly
~ Mr. nrn,k-s I'm r-innl. -h.u.: a Rad E,iut
l' i'.n',n.,'',I NV Y1rN ely. Holalmns LNci-
iii .in'iiti,r offers tiAu thns. gradual.
d fr"u ~. lrnmmnr Schools tn the College oil n
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d., f,',t,, ~ ,,f ,.w York uu.i.n lea hy .trikiu
M. ,..yit .t,l f,nf1ir,- lut 4 ,in-. thr Boar
n, ii,,tt,unu,rut ni.oiutr rr,wrr and Mayu
boz No. XII r.irfi,. a. contra is for lsntiu.. tn
a. tr'.f Nh V,rt ON Mr. Nnu,rs ill I
IA, St.ri.,. ~. r,i,s ,,r,nttitntiou ut.n III
T. il,V", Il lr.nd U.s. r..t'orted fturAtly irui
II. H. q ir'.'.i ,','i'. ',tt.,.
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