New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-23

SUCCESSOR.
10y TELEGRAPH TO TIE TRrHUNEi
ALBANY. March 2-.-The receipt by Governor
Cornell late tonight Of letter from john !.
Smyih. Superintendent Of ,he Insurance Depart
,nent asking 10 be- relieved Of the cares Of hat
Office. became known TO the members OF the Leg
isotnrc after il, adjournment. and was naturally
fine subject Of much talk. There was also much
snecularon abont the probable choice II the Cover
nor for surerintendentIf Mr. s1yth's request should
be granted. The Senate, OF course. viii have "a
vo,c, IN tbe selection oi MI Suyth's successor
through It's power 10 confirm or net nomination..
Indeed. the situation ~ regard 20 me department
il NOT IA the least changed 10y III. SNihs letter.
Ills Term of Office bad expired. IFS name uAd
hcrn withdrawn from the Senhto alicr
+, was apparent that that body did not
intend 10 confirm HIN aSalu a, superintendent, ana
| n wax presumed that thc Governor was looking
! obcut fof another candidate. The only effect OF
Mr. Smvth's letter M the opinion Ot politicians
action in ths matter. IL is the belief
of The Senators Tonight therefore that they VIII re-
ceiye message iTun the Governor either to-niur-
row or on Wcdnet day nominating some rev man
rs a successor 10 Mr.. SmHtb.
The person named the most frequently to-hlRht
for the position j. Albert ID. Shaw, now Consul at
Some of the opponents Of Mr. smyth in the senate
were - -urprI-od by lis letter that iLcy 40 st pro-
fes.cd doult Of it, grnuinene-s. Later they have
crticsed Iis wording. and declared that The ASSET
ton bv Mr. Suyth OF ms d's!fe 70 give up olhco
/. very vaguely expressed and gives opportunity 20
ia, Governor 10 delay action ~ regard 10 Fac ONCE,
and ultimately a. send again Sir. Smylh7 name to
! The senate il Is The general belief however, that
/ the letter Is mtcJccd rs resignation OF Ohioc.
( Mr. SmVfn'- letter is as follows:
NY Df AZ ~Gs: More than three wears a2n You; pre-
/ drces.oi nominated nc 10 thc once ~ sup IN
/ IenGsut the Insurance Department "a 1875
the same official pic,cffci anI pressed va" a..
much and rarn'sinc-' ch'I 'EhhsI me 10 ire
ruata Those charge, ffera long iuq nsii'rh tlai.
m ac wa, mad, brforr the .aie branch the
L.ei-lature upon the AFFIDAVIT Of s'ocKho.drr
OF ne n,. "n'o nt law. ana he
ats Of ,ch we're found iisufc emf paw the policy
a result caused the gro-. -incni "i - OH
The charge III tbs cas-" was also dismissed by tne
i6nk mas WIN prophet state to you that upon
assuming IA. duties of tbs Office measures were ta@en
mcnr with the eject q giving greater security TO
co bonds Of me value Of several mllous
| - dollar. were recklrssly kept lu ordinary safe
tor registered securltics II was fouhd
Nsnethrr inierts st had or had collected on
mortgages the amount OF many millions deposited FOR
been paid and ul-s kept good 10 such property.
Worse than this II Sns found That msoyent companies
had been pofnlited u coect lh'elnt iVDz inter the
had dec arcd insolven b. the courts II was found
int Government bonds has been gwen 40 u companies
on TIE verge OI rum, lor nonuS Hhu mort
cages properly appraised at double Its Naue by ap
pra!sers to nom paid compensation. BY aysi EN-
Of bookkeeping requiring good deal OF labor, these
evils AT once corrected.
"A
auence Of companies having DreD permitted To remain
In business and write policies almost up 10 the last
moment previous TO their dissolution, ana az Z q
| TACT thai the annual statements made 10 the
D-partment by insurance cOmpanc- were not rr2tTdc
by be officers companies to he OF the Importance
and nseqDebce thcy now ar solvent ana Ncil-fnau
aged companies com yled cHeeriuly with the require
mcpth Department ana -uSained,and now sustain
# III MS efforts elicit the truth and protect the people
while other companies knew the folly of attending o.
oppose A. to-day there IL 40 insurance company
organlz under the lave OF this STATE, ana dong bu-r
| ness ID TN. state, with al impaired capital. In every
case ia which he Department. applied 10 the courts ~
aDpicatOn has been sustained. IL was there
| tore, peculiarly gratifying 10 ms that you, who
| have known for many years, without
solicitation from me or consultation WIN me- and
even without my knowledge sent my hane 60 the ocn
| ate for reappOmtment at the expiration OF my term
II would bc nrcalion for me TO deny that confirm
tou OF this appointment would have been highy apie
YOU at my urgent request, WITHDREW ny
name TINS opposition formed "nd 100
control Of what once was a great Republican Journal
aud who. unfortunately for the good OF his own reputa
. ton, well TOR the welfare OF the Republican
I party. has by these accidents more apparen
ists. But 50 lar rs | AIN informed, not
single charge has been made even Oy this malg
nant temporary editor, or any one else, agtn-
to action by since the Senate ds'nlsse'
charges. The closest cation (which had I'M
power nave IL made would he made could not Ia L
the mpOsslbity OF any charge OF the KIND DEM
With or without reason. however | am perfectly con
scOus that feeling OF opposition 10 my c0nhinlatlo
great consideiau"n therefore, deeply DESTROYS ina
the unity OF The Republican party may no
. DO ieOpirizcd, beg thai You may Ieh9V
me fr0m tine cares OF THIS office COlhdcnt ina
by wse and juCious action yOur part the questio
Will disposed of for the good OF the people and u
We OF the Republican rty +, main, with ever
for the Oh your Admins tOn ailhIull
youls JOHN +. oMYIH.
C Albany. March %. 1880.