The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-23
AN OPEN "a,


n in The Replying pdl, to your ) =.
erroneous ns n'' ,,,l wish first d e 8, =
v, which aa, We, be, become po.s... ss''s 4
cation cation are o' not not warranted !, !!
ton. am not an IN , which Tss n
you wr ras' % o. an insurance M, M !,
s SUI 1"O'9 e, ! do not own |, a ~
as ao' x drawn from insuraae. y ~, 'a'
t as you o. ,s,ratui'ou.ly s..un, '','s
rec. 10 This taxing or even = !,
r naa,.s Of tax taxation Of III. u ,,u 'n''
n n,,, = spec, species Of Insur.ps." ., ,s'fs
themselves hepulatlon for nav!
legitimate Insurance. g pieiuals
may be able to pescs, so,'neern, ~
i ion IL axes sss unobserved VIZ 'sa Z
'io YoI Is attracted away f Sa,k 4 palk
You quote from the nom ,s tAta,d,
or ers OBSCURE os ,ln and inconsequsp,,,a, ~
n nrs OF insurance tpoor t c,e.,, tsap
p pre- .r and jussle ss, ,u.a 4
me that legal reserve ye'i n; asalss y h
fraterna, as compared viii '.SSaa
Wbv a., insurance, aIthouS'sa s,'
Why ', bless your dear souI y
on me track. l did mo, ~ ~. ~ \
, u, reserve plan Of Iu,,,,.s,.,ss Y
VI my remarks was th thai Y n
,ss,e Tor one who had nsa. y y
thousand and one ancisn ~. y. Y -
OF benevolent insurance t I'M. ~ ~
Tue people Of Texas, to ,ua ~
Germs which had at les,i ~. az
mug d matured claims against Il, A. - /.
s s,y contention is that beiore ~.
=, 1Sr Insurance Corporation !, W. \.
Twenty-fifth Legislature 'l Y . -
a ,t,', TO the regulation y
.nst write insurance under r y 4. =
cover of chapters and NJ. =: IN
statutory check upon ihsir ~, y
You have kindly referred :.
ports OF certain States "a, n.y.
about legal reserve insu,p.
turn the compliment BY r.te,s,,
the reports of Kansas and N,n..ss.'
the subject of "benevoleu.' I.,un,..
isned in advance that you viii A.
thing therein that will iu,,,.., =, .
You assume that l am 10, s S
cause you complain that ava, !, ].
taken out of Texas annually "a ', ~
u 100000 returned BY ths ols i NV ~. !.
companies. But yo,, nj -, ~ \.
IN your assumption. l an, p,IDS
pleased; panied that such = ~.
vocato OF insurance as you c M
should deliberately undertake a -. y.
impression that a life lnsuranes I'm
profit is measured BY tia dis,ss
tween It's premium receipts ,nd n.
II llqu!dates for a given period 4
months. And am also p,lusd ~
attempt to convince policy holS.n
Know better that they never Nm
cent of the reserve fund, '~
With regard to the imperirt,o,.
nome insurance law which vi. -
the Twenty fourth Legislature, nj \
you are the reputed author yon =,
| would | could tell that lu eneuIs !,
sponsible therefor. The imperfsrti,
IN TO which have directed attauiIm
the section which lets into m M,
any old kind of a fraternal and ~
concern without attempting d ~
least check upon its operstIm,
-.
ho" .nae section got into yvuf Nd
mystery, but l will pass that m
call your attention TO the fact TIT
introduced said bill was ksosiA /
cooked hat after having bsea M
dissected by Senator Perry J, La
that it was only through the N
of a representative OF one Of tlM 4
companies which you now 20 vkIas
tack that you secured the rscoun
thereof and finally It's passage iit
fed form. Again, YOU say that y "
your bill was introduced 4 former
official tan ex-commissioner Of lrsti1
who had gone into the employ o. "
insurance company came hef5 V Y
how dangerous II WA w
was here for q fact but Do
sented a natural premium issoeiiti'
not an old line company, and i D
against your bill. which 10 Dot ~
he was perfectly justified 10 taa
FOR ii lets in without regulitid ~
which, while masquefians
livery OF benevolence, really vBs
lnce after his plan, although ~
The statutory restrictions place. W
company.
-:--;.
In conclusion. senator, ] WIN . o
my intention of questioning yuaf =
cut l must request you 10 ceus eae
nine. What | have written cooeal
LANCER of allowing fratenal ~ =.
insurance associations 70 rua wv
Texas is nothing to what he eon
iaily received by the conmlsDlI
iurance about such concerns WIZ
ne in publishing. You have 81 ~. y
lily which has set up shop y ~ ~,
,eing driven out OF CaliIofnn -
.ording to the commissions. .o w,
nee. already has a masni6sen' ~ y
lnpaid claims. and the records o.
riot courts Throughout the siN y
iuent witnesses to the vortnlessn.
assurances furnished by Us man! "
FOR that reason alone pave ,s
Iirect the attention Of tne nes ~
hose concerns, not expecting y ~,
wrath down upon myself. hos. =, /.
re irrevocably committed . 'lsa .,' \
on have my permission 70 WI. ',sn
heir apologist and TO reap Ia ~, WI
IRE of the execration wnlcn WI, WI
ater o'or'aNo '''' Louis A. ht
Correspondent Hous'"