Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-06-27

y
at the new Southern Illinois peniten.
tiary The commissioners are au-
thorized to purchase necessary tools,
machinery and material for that pur-
pose.
Appropriating $3.50, 900 to purchase
machinery, tools, appliances. etc,
and to furnish the necessary power
and to provide for the sale of the
goods manufactured, so as to enable
the commissioners at the Illinois pen
itentiary to keep employed from l.
900 to 1900 convicts.
Farmer representative insisted
strenuously for an annual appropria-
ton of 500 for each Of the county
farmers Institutes, to pay the eN-
penses OF holding them. bill
passed allowing them so per annum.
but providing that no officer of the
institute shall receive any compensa-
ton for service rendered during the
institute.
insurance Legislation.
! familiar acquaintance 30 the
members of the Illinois general as
semblv is the value policy insur-
ance bill" It has had its ups and
downs at every session for the last
- years, and sometimes it came
within one stage OF reaching the gov
eruor. This session, however. the
Ford bill passed. The bin provides
that all fire insurance companies do
inc business in this state hereafter
issuing policies against loss by fire
OF lightning. shall in cases OF total
loss pay the full amount of insurance
less the actual deterioration of the
building after the issuing Of said pol
icy.
The statutes OF the state contain
stringent regulations and rules for
the management OF insurance COM
panies, but until this session no act
had been passed regulating the bust
ness Of special assessment companies.
Many OF these corporations, the bet
ter class OF them, make reports to
the auditor. although the law does
not require it. However, Mr.. Me
Ginlcv's bin compelling them to
make reports to the Insurance de-
partment and placing them under
the supervision of the department,
i now awaiting the governors sig
nature.
The fraternal insurance companies
are to be regulated. The bill of Rep
rcseutatiye Mckinley defines at length
a fra.ernal beneficiary society to be
an organization for the benefit of its
members and not for profit. Al! such
companies shall be exempt from the
GENERAL insurance laws Of the state.
They must make application to the
auditor before organizing. and must
file statement OF its business with
him on March lof e@eh wear.
Railroad E-ccisIation
OF three scores or more of railroad
introduced not one was
The notable deaths includ-
ed the Nahe bill removing the 5000
limit for death from railroad acct
dent and several co-employe bills.
At the. last, session OF the lcgiSla-
ture 4 bill was passed and vetoed by
Governor Fifer permitting corpora
lions organized for mining and man
purposes to hold shares
of capital stock OF railroad compl-
MES The recent Legislature re-en-
acted a similar measure emitting.
however, it is claimed by many mem
bers. the objectionab features of the
bill OF last session.
An act was passed permitting rail
roads to elect directors along the
line of the road operated by such
This applies 20 the
Cairo short line which owns only II
miles OF track. but operates several
hundred miles of road.
\ bill for the protection of the
Pullman Palace Car company in the
leasing TO railroad or street ear COM
1
pany, passed 1t provides that the
title TO such stock shall remain in
the vendor. etc. notwithstanding
the possessing OF She same by tho
vendee. etc. until the terms OF the
contract shall be complied with.
Levy and Collection of Taxes
Under the old law the state board
of equalization has assessed the capt.
tai stock OF companies and associa-
lions organized for the purpose of
mining or sale Of coal. These cor
porations have objected At every ses-
sion OF Che board OF equalization to
this method OF assessment and have
paid their taxes IN many instances
under protest. X bill introduced by
Senator Caldwell was passed includ-
ing companies and associations or
ganized for mining and sale OF coal"
in the list OF pursuits that shall not
he assessed by the state board OF
equalization. and providing that
they shall be assessed by the local
assessors in like manner as the prop
erty of individuals is required to be
assessed.
Under old statutes, banks organized
under special charters were assessed
on their capital stock for purpose OF
taxation. by the state board OF equal
ization, the same as other corpora