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

for section SO, so al 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 1t was such
as the insurance companies want.
This stirred up very warm discussion.
between Senators Wymaal and Greer.
The latter claimed he had not con-
suited an insurance company in pre-
senting the substitute, and resented
any imputation of doing so
Senator Wyman said he did not make
Such charge, but claimed 1t was such
provisions as insurance companies
want. He said he would give the
senator from Wabasha notice when
ne wanted to tread upon his toes. He
leIe sure the senator was as able TO
TAKE care or himself as any senator
oii the Hoor. Senator Greer replied
Win some warmth, and implied that
the senator from Hennepin was in
lerested In mutual insurance com
pahles, Tor one of which he is now
receiver. 20 NO"
| senator Keller made vigorous ona
characteristic speech from the s+and
point OF a self-made business man and
lopeu the lawyers would discuss the
OF the proposed amendment
ata not want good section spoiled
/ senator Howard claimed the peo6ie
Nno are interested in carrying large
dice' wanted the section of tba
Pill to remain as it was.
i SeHa1or stevens said that the iob-
9ers OF the Twin Cities had nranarad
81 amendment to the section such &c
gney want TO enable them to go o1it
cue ol the state for the purpose of
4liihs up their insurance This was
qohe because heavy insurers. can not
secure all the insurance in this state
sshat they want. The substitute was
satisfactory in some particulars hut
opJect1onable as to the part that wouId
IN nnlhlt large insurers from going
! abroad to secure large insurance of
companies that don't want to come
under the jurisdiction of the state He
wanted the right reserved to iobbers
anu such persons as carry several
hundred thousand dollars in Insurance
.o go abroad and secure it without he
ing liapie to penalties for so doing.
senator Allen made a lengthy and
comprehensive speech in opposition to
I,
the part OF the substitute which pre-
vents those who SO desire from going
ABROAD 10 secure insurance in amounts
larger than they can get at home.
I. Senator Young offered an amend
ment that was accepted by Senator
Greer IN place of his substitute, as it
maze about the same changes. and
lett the way open to insurers to go
abroad to secure insurance. This
amendment was adopted.
An amendment to section IS. 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 g. relating to the coIored
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. /, 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.