The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-02-04
GOVERNOR VETO
SENT 1O COMMITTEE
Continued from First Page.)

bond in the penal sum of five thousand
dollars, with sufficient resident surety to
be approved by. said insurance commits
sioner, conditioned. that said company or
association will in all respects conform to
the insurance laws of this territory and
make all the returns and pay all the license
fee by this act required.
Sec. 3. Every insurance, guaranty and
accident company or association shall, as
hereinafter provided, annually pay into
Ehe territorial treasury a license fee of 5
percentum of the total amount of pre-
miums by it received, whether in cash or
in notes, in this territory or on account
Of business done in this territory for insur-
ance of life, property or interests in this
territory, or for business transacted by
any guaranty company which amount OF
license fee shall be determined by the
commissioner of insurance of the territory.
as hereinafter provided.
Senator Biddison opposed the Clarke bill
on the ground that the tax would involve
the territory in suits which the courts
would not sustain. He referred to a similar
law which is now in force in Kansas and
which is causing a great deal of trouble
''+N- 49, 49, ApA AiC Olltl I'll q Substitute
the first section which provided for a
license, or occupation tax. on all pre-
miums.
Senator Clarke made a strong argument
for the bill He read a repor. Of the in
surance companies of Kansas and Missouri
showing the large sums annually taken out
of those states by eastern insurance COM
panies. He said the old line companies
charge much higher premiums in the ives,
than in the east and laws should be en-
acted TO either make them pay taxes or
prohibit them from doing business in Ok
lahoma- He said his bill was broad enough
to cover all outside corporations now do
ing business in the territory.
Senator Biddison said that while he had
no patience or love for insurance compan-
les Of any form he was not opposed 70 the
measure under consideration. He said he
desired to put the highest possible license
or tax upon these companies as the best
means of protecting the people from out
side companies. He said he was not in
position to give the members the legal
status Of the bill but he was of the opin-
ion that the bill as amended would stand
the test OF the courts.
EoeiAst o4 huston SAID ne mad consulted
authorities on taxation and was Of the
opinion that the bill did not cover the
ground as thoroughly as the senator from
Oklahoma desired. "a the companies could
dodge the tax intended. Senator Huston
said he did not desire TO talk TO the gal
lery' as the gentleman had done. bat de-
sired to frame a measure which would
have desired effect.
Senator Clarke replied thar II seemed the
policy Of my friends on the other side"
10 cut bills beyond recognition. He said
he mad heard a member say that II ne did
not soon stop his present policy OF push
ing certain matters ne would secure I.stIe
legislation.
Senator Biddison said ne had seen no pol
iticS in the bill until then. He said as for
himself, and he believed The majority OF
the members. they were not here - nlak-
politics. as the Oklahoma senator seemed
10 b. doing. but TO make laws TO relieve
the people
Senator BeIlarny raised the point Of Or
der that each gentleman had occupied he
floor more than twice each. which was
sustained and the substitute adopted. The
other sections Of the bill were adopted
without substantial amendments