New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-23
BRAChETT MADE A FIGHT.
A SHARP DEBATE OVER HIS LIFE INsI,R-
ANCE BILLS
ADVERSE REPORTS on MEASURES SAID TO FAVOR
PoIcY-HoLDERs FINALLY ADOPTED
BY THE SENATE

Albany, March 22.-The adverse report OF tho
Insurance Committee the two bills introduced
ny senator Bracket was taken up n special or
der by the Senate tonight. Senator Bracket as
serted that the measures affecting life insurance
were OF fully as much Importance as the charter
OF Greater New-York. Later he would pay his re-
spec's to the greatest of all trusts the fire insur-
ance combines He attacked the simple policy as
a delusion and fraud" because # contained no
part OF the real agreement which the applica-
ton signed by the insured. This document re-
tanned by the company. and. In case OF a refusal
TO pay. the beneficiary of the insured seri-
oUsly hampered. In the interest Of fair play. he
had introduced bill compelling insurance COM
panies TO annex a copy of the application to the
policy issued
Senator Bracket said further that his bill made
the solicitor the agent the company and OF
the insured, as is at present the law Il am told.
he continued that there is no use of my making
an argument, because the insurance companies
have control of this Senate. | do not believe it,
and for this reason propose TO explain and defend
my bills. | speak TO an audience that makes and
unmakes Senators. and l am willing 10 leave with
the people the record made my measures.
The Senator warned the Senate that TIE time was
at hand when the Legislature would have TO
deal with the insurance companies as the greatest
OF all trusts. In conclusion he urged the Senate
to vote for his bills indication that in the
case OF corporate greed hand and the plain
I
Senator Burns chairman Of the Insurance Com
mittee attacked the bills and defended the adverse
report. To pass the bills ne declared. would open
the door to fraud and put burdens on the compa-
MES which they never intended TO take. He denied
the assertion that insurance companies trusts
and asserted that nobody appeared In favor Of the
Bracket bills. but many were against them
Further opposition 10 the bills made by Sena-
tor Coggeshall. who attacked Senator Bracket Tor
trying to square himself in the Senate OF the State
because he had failed in a law suit in Saratoga
County"
Senator Raines said the Bracket bills were not In
the interest of the policy holders whom they
would allow to be robbed. The bill preventing the
examining physicians from testiiying In lawsuit
/ brought a policy called by Senator Raines
IAN act to favor conspiracy and promote fraud
He asserted that reputable company would
deny request for a copy OF an application Sena-
tor Bracket said one had been deaied TO him By
the Metropolitan company 800
Senator Grady contended that the DIS inter-
fered with the right Of contract.
Senator Ford said the propositions contained IN
They were a timely move In the right direction.
He could not understand why the bills had peeh
Senator White asserted that the bills were emil
nently proper. and he hoped the adverse reports
Senator Kruin made an extended argument in
lowed to come S Before the senate for serious
sheraton. They should not be throted at the OUT
senator Bracket Closed the debate which was
of the most interesting or the present session,
The adverse report on the bills was agreed 10 by d
vote of % TO 49,
The following bills were introduced: oo,
BY Senator Observation-Disclosures that joint STOCK
ASSOCIATIONS shall keep stock OF books for the in
spection of stockholders and creditors and defining
directors liability
By Senator Pavey-Proyidng for the Improvement
of a portion of Bronx Park. In the CITY OF New
York to be allotted and set apart to the New YORK
Geological Society when the society raises by SUB
scription 100000 for the prosec ution OF its work
New York City is to Issue $2)0D bonds for It's snare
of the work provided for in the bill.
Pxs \
! erning nolitical prima rios and conventions