New-York tribune., 1898-01-12
FAVOR NATIONAL CONTROL.
life INSURANCE MEN SEE ADVANTAGE
IN GOVERNMENT SUPERVISION.

,1rE INSURANCE MEN SEE ADVANTAGE
IN GOVERNMENT SUPERVISION.
THE BILL INTRODUCED BY SENATOR PLATT. OF
coSHEcTIcU-sATIsFAcToR INCREASES IN
SOUTHERN. WESTERN AND FOREIGN
BUSINESS THE COMPANIES
HAMPERED IN GERMANY
AND AUSTRIA
Richard A. McCurdy. president OF the Mutual
rsse Insurance Company. busy In committee
meeting when Tribune reporter called upon him
yesterday afternoon and his secretary referred the
c.uer 10 q prominent official Of the company, who
said:
1.here is really nothing much to note OF news in
southern and Western business except recen,
cssstes owing to the good harvests the farmers
have reaped in those regions; outside OF these par
.rnlar localities only the regular annual increase IS
IRE refusal OF Mr.. McNal. the Kansas Superin-
OF January !, with the consequent expensive iesal
fght 20 compel him 10 issue one coupled win NC
ma, n"iS examinations OF the company's books. etc.
SS.-oved toe expensive a burden 10 boar, and we
cons con We s,iii have an office in the State in
order 10 carry on; our existing conITacSs 2es 2S
MI accept no new business there. ~
our foreign business is rapidlX nSTeas.ns, sd
.s~f,~ - England France, Holland. Mexico anu
ca ca ,si,sh Colonies our English business shows
e. enormous increase. due principally 70 me ilue
.rt,ons seeking 70 DO business wiihln ute fi"'I1T
~ an equality with their home nstlII'lIl.s pit,
contTadsiinction 10 this oro"1 pocy oa '" t9,,ire
SsN i the treatment which the German IN riIf ~.
Is.s A,str.a rncte out TO foreign corloiauohs ~
,notin- requirements out OF the 'sSuN - ~
s@cs as the compulsory investment ot po'.ion I'm m
50" 50 osSots Of foreign corporations in Nor own
ssc,ritiss and requiring different nethou vi Is
Ing reports from those IN use IN 9,ner ,nerC;oi reg
business in those coNNtl nc -.
state OF s,agnation. and we are coi"s "'"e
ahso-binr matter OF interest az present
. ~ insurance world Is the bill when S Sen"'o ~
plat &C Connecticut INTRODUCED J 1oJ"s "ssrrsrvision
70 weeks ago providing for N2tonal sr1el 1, - i-
le~. There is q general feeling aiiloIs ~
o. oan-cs nscpe that such q measure Il IL -. p's arS
would resul, in bettering our $50
l.a~ denortnent than forty Ave. as We ~ a.
Zach State, the Jaw AZ ple1 a. E.,,-o,, "a
fas i,s own insurance cepAi .ox in eacr.
companies have 10 pay = - rrerniurn on the
So-stirnes II lakes the form OF Pic1er ~. the
ssssts but Il may be made IN an! sn 70 devise
local Les.s." ~ 81 many different masters, we
,e,o-el 70 report our business IN many u''
way $50 Nv NcNali the Kansas Suqerlhterutu'.
~ ,,~-+e7 rs 70 pay for new iVI''SS -,
W. hus,ness made for that State aon. ad Gen
only fs" ,ne nonSS hse 9eS
s"csn.e5 and open 10 MI No.. ror rrer,or,s
liner; & aee'',, ,. a, which would take month haau
- a~d another Will require US 70 en- s,-5e - -
statement facts which We co no, hem out Of
- or- hooks and will expect US 70 OK -, an sx-
OF e O~. - ,aoSrds al no matter now great d" ~
nsr5iture OF time. labor and money. cha. would
~. - m .he 6irerent systems OF reloi - -
a. .Se IKE which now nave 70 IH'e s,rsss ~
svster7atized and the entire h,,, one oricial
tne S%Onr,i % ~, o~e general tax. and MAKE olS 49,
ma rssp3-t the details Of which wou'o "0' "