New-York tribune., 1896-02-05
RETALIATION BILL PASSED.
THE ASSEMBLY WANTS TO HIT BACK AT
PRUSSIA
xR. HrsrED WINS HIS FIGHT pY 4 VOTE or loi

Mr. Hustled WINS HIS FIGHT PY VOTE OF lOi
TO 2l-HIs STATEMENT oT TIE UNJraT
ACTS THAT LED TO TIE INTHoprc-
TON OF THE INSURANCE ME>srAE
Albany. Feb. (speciaD.-Janes ". Husied. ine
con of the Bald Eagle" o: Westchesirr county
has again demonstrated his abi!ty to engineer
through the Assembly Dill nrc'ihS GTed "a
terests lie got tie House today 20 pasa' Dy a
vote OF iC4 to o. his Insurance Retaliation b'!'
which gives the Supcr.ntsniert CO the insurance
Departmen, power to exclude feresn Insurance
companies from this state when 'he "oNs'''"''"'S
Of the countries which charter ihen sn"' 0''
American conian:es from the- dom Mons
This bill was frst the calendar to-day ana !.
was no sooncr reached than Mr Armstrong; O.
Monroe, moved that il De r"roHm''ied - 'He H.
eurance Committee for a hearing III. Armstrong
eontended in supporting his motion. that danger
GUS legislation was about - be enacted wihost
investigation. and that. instead OF ccnferr.ns dis-
eretionary power upon the Superintendent OF the
Insurance Department retaliation VAS maze man
latory whenever any company, Of even ns 9n''i'ah'
size should complain TO him OF III treatment by
foreign Government. lie added that three great
Insurance companies had come snesh'og Into ih's
chamber and asked for legislation promote their
business interests"
Mr. Butts of New-Y York, saN that he hoped the
members of the House would no: allow the gentle
man from Monroe 70 throw G!~t in their eyes. They
Mr.. Robbins Of AnoQany. who protested that the
bill should not be "rairoadod" through the House
He called attention 10 the fact that the NatioHa
Congress had deferred acton n similar measure
until information such his resolution OF last night
called for had been secured. Mr.. Robbins declared
that IL the provisions OF the bill were carried ou
and the Superintendent OF Insurance should exercise
his authority under 1t. the business OF fire insur
ance companies the risks Of which aggregated IN
Eew-York State over sc0p1 o0oCO) would he sus
pended. Mr. Stanchfeld. the leader OF Tie minority
strongly urged the passage Of The bin.
Mr.. Hustled defended the bin ana answered The
accusations of its opponents in concise. spirited
speech First Il was our pork. next our cereals and
now our Insurance companies which had become
the objects Of German jealousy The previous Grcs-
ton called for hy tho rroducer Of The b.ll and
the motion TO recommit was los; by = vote OF y TO
Is The bill passed by vote OF loi to 81
Assemblyman Iiustel in speaking to-1ay o ths
BILL gave a brief history Ok the c.rcdms,a.c's
which led up to its introlu ton. lie SAID.
In 1882 law was passed in Prussia requiring
~ Amerlcan Insurance c9mpaaies 70 iod'e win
tt tne nrusSam CoVeInment % rf cent o; il@r pre-
mum receipts e'cn year rAin ~ t)iGi sum 50
oeposiied beam, cIual = tae liability Of these
OF Prussia. ami. although the american companies
doing business th,-e hat expensive c6ice buildings,
pos:t requirement. Tromrt compliance was made
with the law by The American companies
1t had scarcely been passed when It quite
snpons " tSa, ,be G'' r.s H. t e @ In 'rTl lej
for a warfare against the Ainer:an co:,usnia, VA.
inaugura,cd w.taou; DELAY ara the ra5st oxact!n;
and oaerous reQuirements " - made IN addition
minated in lsr. when the American cOmp9 MEG
Informed that thereafter etateme fer Prussia
must be made pursaan; to forms prescribed By the
Government. which We're eTas :!ng to thn last do
gree. In order TO comply with his eXa 'iion the
American companies were OBLIGED 10 UNDERGO. at
great expense. a change in ta" entire system OF
impossible . co:>nl. w:;A n. dar1nds made. and
some Of the American c,mpaniss di1 not attempt
to do So but others. in order 10 eat the wishes
or the PTussan government authorities n ryFry
respect. changed their methods at The home Offices
and complied win ths i,qr'rrnl'n.'.
Alter the PTisSlan Government say ira. tnesN
requirements cOGG pe met, the managers cf jho
American companies we're informed hat the c.
eminent was di;sltshe1 wth The corn9an7s re-
had Letter from tEn Superintendent q lnsniaA'r
Of the State Of New York cert a. hv tn Secretary
or state at Nash'agton. ara another letter al
dressed to the PTus sian Minister Of the Interior,
signed by Governor Morton. certifying II the all
v"ncy Of these companies. The receipts of these
Gocuments we've not even acknowledged by The
The notification Giecyei.'ng the so.vency OF the
American companies showed cOrclusively that it
nnd some reason 20 cancel the authority OF the
American companies after Il found the onerous ck-
ACTIONS as reSaris deposits and statement-ilirg
could be compiled with. There vas m pretence
holder OF any American company. there
quits pending for claims unpaid by ihc American
companies. and II was admitted that not single
Charge against any Of the american compa hes
their managers tad been lodged NTH the Govern
ment l|i l.reo O! ne greatest insurs irStitI-
fons In the world crdcrol Of Prussia It
been actively at work for several ye1rs 10 bring
about this result There is doubt that 'hc Amer
lean companies have been Tu,cl on of PRUSSIA bo-
cause they were American comp1nies an! 20.
other
The Assembly TO-DAY recommitteI Mr.. Iairabee,'s
bill eniarg.ng tre powers q the gcccty for ,h,
of $40 tool 4 fN..,