New-York tribune., 1878-01-10

Senator Mccarthy in bin introduced by him. Inc
amendment makes it unlawful for any savings pahk 10
issue certificates OF deposit PAYABLE either on dehdu or
at Fixed day TO keep check accounts ana 10 pay a
such check drawn upon itself by oeiositor W 70 iy &
posior or to pay deposit without the passnooK eA-
hmtod and an entry made In II OF the laym%fn' % ,,od
Colonial history called to mind by Dill int
nv MIR Brooks in TIE Assembly. II directs tbe H'ate
Engineer 10 ascertain the boundaries oi crr n M CIV
ernmen OF Great Britain Mr.. keegan prescnleu u pn
ninS from Easf Ihirtyfonrhst New-York, to Long is
land Civ hi1 of interest 10 teachers WHO are VI .le
sl"ns Of hy Iazy mothers WAS introduced by Nj
AeD1nOueh 1t places thc earnest ac d" VIII o Tour
may be admitted 70 schools al SIX years l''o"" :" i
An exhaustive bill for tn better protection Of policy
holders OF life insurance COMPANIES DONG business m
this state was introduced IN tie Assembly to-day 10y
MI Keegan. Of Queens County and referred 10 the III,
surance Ommitee IT is similar to the one ln,rodren
hy Judge Graham of Orange County, last WINTER Whc
pa ssed the House by vote Of IL to4 T..
The first section requires eKahlnaoBs ot Ieast once III
five wears all reports he flied, ana cory, with ten
days notice, TO be served on any conp%,y 10 '' i0
The second section requires investments IN bonds anu
mortgages to be on nnncumbered rti eelde W. ;v
double tue amount oaued; on DoDuS Q, ota,cS tu IL
if of par alue, equal to the reserve oI poic!
OF those states aud prohibits oaning on on investing III
any other stocks bonds except United states bonds
section is elaborate and divided into SUI
divisions relating {" the contents oi 'e & %
Section provides for local real estate appraiser III
each county in which any company of ihis Slate has
moneys invested bond and MORTGAGE TO appraSc 'he
value of said mort gagged premises. ,,.
SETON PROHIBITS all commissions or bonuses being
received by officers directors or trustees ana HINTS
saiuries to $4,000 ,
Scrlion prohibits officers. directors trustees from
holding similar position in other companies.
Section limits dciences ny tcWl"hos Sh Po'l'''
claimed to matters of maternity =,
SECTION requires copy OF the application and mcdi
cal examination 60 he xod to AL policies issued
Section 10 requires granting paid policy aiIer M Two
an nal pav,nets nave been made oi the value OF 80 per
cent OF The "ycseryc,' aud that policies Snali De con
tnued IN Crce long as the uudraWn dNlGCnd cq'al5
Section IL provides for the appointment OF state
director trustee Ivy the Governor 10 be coInIe' 10y
theSenaC, to each company OF TINS STATE c !hu VII"
similar powers with the superintendent ot tie lhhfHc
DEPARTMENT that thirty days notice snail hc given Nv
nos al card O all elections. and that must he re-
ceiycd not over ninety days lrlOr 10 any such election
Sec!ios - and 10 r,qune investments 10 be ordered
by the directors Or trustees
section Ii requires All reports OF lne superintendent "
section ) provides penalty OF $I0oa Gay for non
compliance with the provisions oi the phi by hohesr
dent companies.
section rs requires impaired capital TO be made good
Section y provides that twenty oI mole p0lchoders'
hJlIc NOT lcss taan 100000 Of uI&ncc, for cause
- ~ fbe ureriu, n,Irut TO make IN eX-
animation Oi any company
section Is prohibits one company from loaniug To
section 10 prohibits officers, directors or agents from
making false statements Oh comparisons oi any eo"i-
section 20 prohibits false entries in books or records
section 2i provides penalties for violating the pr0Fis
ions OF the act. .,.,
Section ~ requires Iaidup capital to be retired
Whenever the surplus shall equal double the capital,
Section 25 requires receivers 10 maze reports wllui
sixty days after entering upon their duties o assets ana
liabilities. and final settlement WITHIN twelve uonlhs'
unless good cause and nouce TO tie insured luhci
time j. granted. ,,.
claims preferred over c.cIVcS and requires an mon
eys paid for expenses 70 he upon itfiuH iliS' dy
of blanks and repcas all acts inconsistent Wiih t'
act.