St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-14

for section SO, so as to provide among
other things, that foreign insurance
companies should be largely restrict
ed from doing business in the state.
A long argument followed Senator
Wyman took an active part in oppos-
ing the substitute, claiming it was such
as the insurance companies want
This stirred up very warm discussion,
between Senators Wyman and Greer.
The latter claimed he had not con-
suited an insurance company in pre-
senting the substitute, and resented
any 1mputation of doing so.
Senator Wyman said he did not make
such charge, but claimed it was such
provisions as insurance COMPANIES
want He said he would give the
senator from Wabasha notice when
he wanted to tread upon his foes He
Ielt sure the senator was as able TO
take care of himself as anv senator
on the floor. Senator Greer replied
win some warmth, and implied that
the senator from Hennepin was in
'eiesleo III mutual insurance COM
pahies' Tor one of which he is now
receiver.
senator Keller made a vigorous and
fnai acteflstlc speech from the stand
point OF self-made business man. and
toPeu tne lawyers would discuss the
VI the proposed amendment
! ui' not want good section spoiled.
Seh".or howard claimed the people.
Nno are interested in carrying large
insurance, wanted the section of tho.
PHI TO remain as it was
Senator Stevens said that tho ioh
NNryi,.
aiiieiiulnent to the section such as
want TO enable them to go OUT
VI the state for the purpose of
!liihs up their insurance. This was
9ohe because heavy insurers can not
- All the insurance in this state
siial Ihey want. The substitute was
satisfactory In some particulars but
objectionable as to the part that would
IN lllhlnlt large insurers from going
aproad TO secure large insurance of
companies that don't want to come
uhder the jurisdiction of the state. He
wanted the right reserved to iobbers
ana such persons as carry several
iluhdred thousand dollars in insurance.
10 go abroad and secure it without be-
ing liable to penalties for so doing.
senator Allen made a lengthy and
comprehensive speech in opposition TO
the part of the substitute which pre-
vents those who so desire from going
abroad to secure insurance in amounts
larger than they can get at home.
senator Young offered an amend
ment that was accepted by Senator
Greer in place of his substitute, as it
made about the same changes, and
left the way open to insurers to go
abroad to secure insurance. This
amendment was adopted.
An amendment to section So, offered
by Senator Potter, relative to a gross
earnings tax on foreign insurance
companies, and relating to maintain
ing salvage corps, was discussed at
length and adopted
Section 6S, relating to the colored
race, was reinstated in the bill.
The sections relative to salaries of
the insurance commissioner and his
help were amended so as to place them
at the same prices as at present.
The last section was amended, so that
the bill will take effect Oct. l, at noon.
1t was agreed that section "a shall be
amended later SO as to preserve the
valued policy theory.
The bill was recommended to pass
and to be printed with amendments
as to valued policy.