The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-17
men PROTEST
State Organization Is Preparing to Plead
and Fight
AGAINST PROPOSED NEW ANTITRUST LAW
ALLEGED that Insurance Companies
VIII lie Driven from tho state
II II Is Enacted.

Austin, Texas. April 16--Senate judi
ciary committee No. . has made tavora-
Bile report upon the Davidson Morriss- Mil
Ter antitrust bill and II is now In The
hands of the printec and will be on the
desks of the senator's In the morning The
intention Is to cali II up at once, and the
consensus of opinion here tonight is tSat It
viii pass the upper house, although a hard
fight over II is expected. The Are insur-
ance people continue to manifest the great
est uneasiness because of the appearance
OF this bill, and quite an increase In the
number Of general agents who have been
attracted to Austin thereby was noticeable
today. And from the number OF kilograms
received for rooms by the different hotels
1t may be estimated that there will be
quite an army OF them here next week.
Dallas, Texas, April 1s.--lnsurance men
are seriously disturbed over the now anti
trust law introduced on Friday last In the
State legislature at Austin. The proposed
law is almost word for word duplicate
OF the new law of Arkansas.
The State insurance organization has
its headquarters in this city. Its leading
men are preparing to vigorously oppose
the measure at austin, for, they assert,
II 1t becomes operative all insurance BUSH
ness will be driven out OF Texas.
Members of the legislature who spent
Sunday in Dallas predict that the bill win
be enacted into law.
j. r. Trezevant one OF tho recognized
leaders and authority in Texas Insurance,
has prepared an appeal to the legislature
making upwards of 5000 words asking them
that the proposed law be not enacted
Mr.. Trezevant declares that IL viii drive
millions OF dollars of capital out Of the
State and ruin the credit OF large num-
bers of merchants, who would be unable
to keep up in business If deprived Of IN
surance, and would work general hardship.
He submits statistics TO prove that the
insurance business in Texas is being sub
iected to as strict State regulation as II Is
possible for it to bear recapitulation
of the insurance business of 1898 IN Texas.
he says makes the following showing:
Premiums received by fifty
one American companies. ~, 100, 500 6S
Twenty eight foreign COM
penies OBSERVATION-DISCLOSURES. 1,4S3ol9 40
Total premiums. .............. S,974 429 II
The losses paid last year:
American companies. .,......$ 81 636572 So
Foreign companies. .......... 9I0,6S4 16
Total losses paid .............. 1907 ,257 81
Add to the losses paid the total eX-
nense of conducting the business at the
rating heretofore used by the Texas in
surance commissioner. and We have the
grand total paid out for losses and ex-
penses for 1898 In the State of Texas
| 81. 1854. 1916, lust s1o,365.s9 in excess OF
receipts
State Senator Barry Miller of the Dallas
district said tonight as he was returning
TO Austin "The bills will pass and be-
come law in my judgment. II is In exact
accord with the demand OF the State dem
ocratic platform for the destruction o
trusts. One State alone can not destroy
| trusts. Texas proposes to line up witt
| Arkansas. and hopes that all the other
States will line up with them. That's tho
! only way TO destroy the trusts effectually
and throughout the country"