The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-04-09

insurance Company. New York North British
and Mercantile. London; Norwich Union Fire.
Norwich. England; New Orleans Insurance
Association. New Orleans: Orient Insurance
Company. Hartford. Conn: palatlne Insur-
ance Company. Manchester. En- GLAND: Penn
sylvania Fire Insurance Company. Philadel-
phia: Phenix Insurance Company. Brook
lyn; Phrnix Insurance Company. Hartford.
Conn; Phrnix Insurance Company. London:
Washington. Providence. II. l.: Prussian Ma
tional Insurance Company. Stettin, Germany;
queen Insurance Company, Now York Royal
Exchange Assurance. London. Royal Insur-
ance Company, Liverpool; Scottish Union and
National. Edinburgh; Southern Insurance
Company. New Orleans; Springfield Fire and
Marine Insurance Company. Springfield; st.
Paul Fire and Marine. st. Paul, MINI Sun In
surance Company. New Orleans: sun Insur-
ance Office. London; Svea Fire Insurance
company. Gothenburg. Sweden Teutonia In
surance Company. New Orleans: Traders In
surance Company. Chicago: Union Assurance
Society. London: United States Fire Insur-
ance Company. New York Virginia State In
surance Company. Richmond. Va; Western
Assurance Company. Toronto, Canada: Will
liamsburg City Fire. Brooklyn.
There is very little probability OF the Leeis-
lature passing an amendatory act. and there
lie equal improbability OF any Of the companies
continuing to do business in the State. The
agents throughout the State. several NOM
bers OF the Legislature being among the num-
Der. have been notified to suspend al, business
and send in their final reports. SO that business
In Arkansas may be wound up. Some OF the
agents In Little Rock have removed their signs
from their places Of business and have taken
their advertisements from the newspapers.
There!s considerable alarm for fear the COM
paniAa will fakn oIvanta-. % xhs sttz.-y
,lause and arbitrarily cancel every risk carried
BY them In Arkansas. leaving property and
commercial interests wholly un protected.
Tho aggregate risks carried In Arkansas
last year Appropriated $50. OOO. 900. Although
existing policies are valid. fear Is expressed
that should a loss be incurred no adiuster
would be permitted to come into tho State to
make an adjustment. FOR. being the agent OF
an inhibited corporation. he would become liza
BILE to severe punishment. fine or i'm prison.
ment. or both. at the discretion OF the court.
When questioned upon this point, Attorney
General Jefferson Davis declined to express
an opinion. saying In effect that sufficient
trouble had been precipitated for the time be-
ing. and that he would get one foot out Of tho
mire before the other is put in.
The Acknowledgement gave out the follow
ing statement on the antitrust law:
1T Is a good law and ought not to be amend
ed at all. The Legislature should stand on its
action. The suits were brought In dead ear
nest and will be prosecuted the same way. II
any one believes they were brought for the pur-
pose OF forcing amendatory legislation in IA
vor OF tho insurance companies. he.was never
more mistaken in his life. so far as l am con-
cerned. II the insurance companies are forced
out OF business they have only brought it on
themselves. and they are not tho only trusts
to feel the effects Of the new law. There will
be no test case made ofany.of the suits filed,
but every one OF them will be fought. l have
brought two suits against each OF the sixty
three companies doing business In the State
for an aggregate penalty OF $500. 900. They
are in violation OF the law for every day they
have transacted business since March 9. but !
have thought two days enough to begin with.
I don't want to be cautious. bu.. If the insur-
ance companies cannot do business here with.
out belonging to combinations, the sooner they
quit the better"