New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-14
GENERAL LEGISLATION.

motion OF Mr.. AlvOru the Oil was uiauo SPce'"
order for tomorrow morning.
GENERAL LEGISLATION.
GENERAL INSURANCE BILL REPORTED IN The
ASSEMBLY ADOPTION OF CHiLDREN-JuD"Es
sAIARIEs-pROPOsFD CONSTITUTIONAL AMEND
MENT-sAviNGs BANKS.
IRON THE REGULAR CORRESPONDENT OF THE TRibuSh'I
ALBANY, March ia general insurance
bin OF considerable interest drawn up by the insurnce
Committee OF the Assembly. was introduced to-day Ii
provides that when the superintendent believes 'na' the
assets of a company are insufficient TO meet It's iiaoi
ties, management not In the interests vi
its policy-hodsrs, he may report that iaot 70 .ho
Attorney General. II the assets are less tnan
rs per cent Of the total liabilities OF COM
pany the Attorney General is to apply for the ap'
pontment OF receiver. The receiver with an actuary
APPOINTED by the Superintendent Of the Insurance De-
partment Is to make an examination OF the c0niion Oh
the company, and they ere to make report "'t"''
ninety days to the Court as to the asscts' 'neir
cash value and the liabilities OF the conf
pany, and as to the balance which woud reuna'n
after paying Its liabilities to rensure its risks Inc s'
perinendent is required to inform the solvent compd
MEG Of the State OF these facts and to invite proposals
for reinsurance superintendent may report 70 he
Court any proposal which he considers iar' anu tnc
Court may direct the receiver to accept the pfoner
These provisions to apply to companies now IN the
hands of receivers
the proposas for rensu ance the Court may order ds
t1ton of the assets II the superintendent thinks the
officer OF any company corrupt he may apply TOT MS re-
mOya Every company within sixty days arter Tue PAS
sage Of the bill, Is to file a list of us
mortgages and all real estate, II 1t has not al
ready done so this year. and to correct tlis
list annually thereafter The superintendent may APP
point an appraiser reapprase these mortgages, tho
appraiser be paid 81 for each appraisement twenty
pocyhOlers, representing $4,000 OF insurance, may
apply for appointment OF receiver The Dill also
provides that the superintendent OF the Insurance DC
partment SHALL at Ieast In five years, cause an ex
animation OF the affairs Of each company and II any
one obstructs such examination he shall be deemed
guty of "A misdemeanOr The result OF the examination
shall be published within thirty days after 1t Is reached
Only actual expenses shall be charged for such exaina
,ion AMI the bill shall he approved by the superin-
tenden and audited 10y the Controller aud the company
shall paw the expenses.
Mr. Baker, Of New-York, presented petition In favor
~ woman suffrage to his fellow members in the AS
sembly to-day and said :" present this petition MI
Speaker desire that am not In favor OK wo-
man suffrage" Speaker Hustled smiDgly responded;
THE Chair very that the gentleman is not
Mr. Mayess attempt IA representative OF the WORK
ingmeus party, 10 vindcate the sovereignty OF the
State by compelling railroad companies to recognize
passes over them issued members OF the Legislature
by officers Of tie Legislature has miseraby failed The
Judiciary Committee OF the Assembly ruthlessy re-
ported unfavorably upon the bill to-day. Mr.. Mapcs
attempted obtain further hearing for his BILL but ny
an overwhelming vote denied that pleasure
Mr. BERGEN introduced bill having only one section,
which reads as follows "Tbe relation OF trustee and
c,e 1ue trust is hereby declared To exist between the
several life insurance companies doing business III TINS
State and the pocyhoders In such companies respect
lively" The object OF the bill Is to give the Supreme
Cont power to protect the interests OF the polcy-hod
ers OF companies power which it does not now pos
i'm he of n (Dur
<o,tod tIo HIN
An interesting bill IN relation TO the adoption OF chill
dren introdu ell by Mr. Case, OF Oswego County IL
provides that any minor child may he adopted by any
adult person the following conditions that the per-
adopting the child Is twenty older than H. has
been married, and, II a woman. widow he lawfully
divorced from her husband. ALSO: married not
lawfully separated from ms VII, cannot adopt G chhi
bill Is that might opposition 1.-The father
Of an igetinate child, by publicly ackuow Lodging II
his own receiving II ms snch with the consent OF bis
wife. II Inc is married. into his family aud otherwise
treating It AS II it were legitimate end thereby adopts
purposes legitimate from the time Of It's birth"
Tbs Labor ReiOimer from Elmira. Mr.. Beard. IL nm
wiling TO have the salaries OF members of the LesSa-
turc reduced but he eXcr himself vigorously 10 reduce
he mIrodnce day he proposes Thar in the counties Of
warren. Franklin Schenectady. Wayne Rockland Lewis
duccd to $1,000; in the counties OF CnenaDgo Madison,
Greene, Herkmor. Livingston. Clinton and Broome to
$1,000; Steubrn and Richmond, ~ 600; scbohare,
Cortland. sullivan Genrsee. Essex Ti0ga. Iompkins,
MONTGOMERY, Wyoming and suffolk, $500: Cheinung.
Senator Mccarthy introduced concurrent resolution
providing FOR an amendment to the Constitution. ~ fol-
lows:
Resored az the Asscm by concur, That Section OF
Article OF the Constitution OF This state be amended.
SECTION l. Every citizen Of the of tive, tyone years
who shall have been citizen for teu days and al nhabant
last four months resident of the county amt for the last
thirty day resident q the election district IN which he or
election election district of which shall
time be resident and not elsewhere for all officers That
and upon all Questions which may be submitted to
tor In tue actual military service OF The state ~ the United
vote by Of III, absence from such election district and
The legislature shan have power To PROVIDE the manner IN
for The return and canvass OF their votes IN the
election districts In which they respectively reside.
RcS0iccd az the Assembly concur That the foregoing
amendment br referred 10 the Legislature TO be chosen
at the next general election for SepaOrs and that In
conformity with Section |, OF Article - OF the Constit
iion, be published for the three months previous the
Referred to the Judiciary Committee.
The bill amending the General SAVINGS Bank Law was
reported In the senate. MI Ranes moved TO strike
the provision requiring deposors produce their pass
books when drawing money Mr. Mel arthy opposed tho
Goodwin also supported the bill MI Ranes in support
Of his amendment, held that tho commercial
tween the banks and ruinous ruus. These
counts, therefore, stood SAT. guard to the
banks lie insisted that this bill would act punish
men upon those who had deposits In SAVINGS banks. IL
was Ia drive out OF savings banks class OF dcpOsOrS
and into banks OF discount This IL gslaurc was asked
destroy savings banks for the benefit OF banks OF
Mccarthy said Investigation had proved that every saw
ngs banks that had failed had failed account OF doing
"a commercial business. The motion OF Mr.. Raines was
loot. The bill then reported to the Senate and
ordered 10 a tBlrd reading.
ALBANY NOTES.
ALBANY. Wednesday. March 49, 1873
Mayor Ely of New-YoVk. sent to the Assembly to-day