New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-29

Great satisfaction is expressed here AZ this EVIL
dence Of closer commercial sympathy between
Prussia and the United States. which must nev-
itsoly lead to better feeling among the business
interests OF both countries.
President Mccall Of the New York Lie Insur-
snce Company said to-day on the subject OF
the readmisslon OK the company 70 Prussia that
| negotiations had been pending for a year or more.
In 1875 the American companies with the exception
Of the GeTmania Life, were compelled by the rig
orous exactlons Of the Prussan laws 20 withdraw
or give up their concessions for Prussia Il was
believed az the time that the rules OF the Govern
ment were severe. and IA conflict with the methods
followed In this country The dispute ended by the
enforced departure OF the Prussan companies au-
thorized 20 transact business II New-York. Last
year ! commissioned Second Vice President Per
kins, who IS now IN Berlin. 10 secure rehearlng
for us, and 70 assure the Prusslan Government
that we ready 70 comply with their require
ments in every respect Acting on this request
tie Minister Of the Interior appointed Royal
commission 70 examine our affairs and standing
In the United States and the investigation was
made this year The Royal Commission made IA
favorable report. and the Government Actuarles.
after thorough investigation OF our policy forms
and returns, and the liability hereunder. joined IN
| the recommendation Vice-presldent Perkins. IN
his cable 70 me. states that the Minister Of In
terror today reported on all the facts 20 the
Prussian Cabinet. and that unanimous vote for
our readmission followed
The princpa. requirements from life Insurance
company under the Prussian law are.
l. life insurance company shall not hold stock
IN private corporation
A lte Insurance company shall limit rs total
MANAGEMENT expenditures 10 d sum not IN excess
oi the loading provided for expenses IN IT'S pre-
MUM income
g. a lie Insurance company issuing policies IN
which division OF surplus Is deferred beyond the
second year shall keep books that II can
kNyW now mucn ~ ITO total surplus 80 cal.edl -
derived from the policies issued IN each year, ana
these amounts must be shown as liabilities IN its
/ reports 10 the Prussian Minister or the Interior
We have agreed TO carry out each and every one
% these requirements In bringing about the
change in Prussan insurance matters Secretary
Of state Hay. and Ambassador White, AZ Berlin,
have aided very materially Superintendent Payn.
q the Insurance Department has rendered excel
lent service also. by permitting the Royal Com
mission 20 have free access 70 his Department. Rec
orls and in urging better understanding between
/ the authorities Of this State and Prussia. Baron
Won Mumm. Imperial Minister for Germany AT
Washington mas also rendered Efficient service. and
has been most interested IN securing settlement
OF all difficulties
President Mccall further said This IS the hrst
instance in which such commission has ever been
sent 10 the United states FL behalf u foreign
government. and It contains suggestion wiki re-
gard 70 commercial questions that arise between
governments 30 far reaching hat the President Of
the United States quickly recognized the possible
Significance OF 10 and repeatedly expressed bis deep
interest 10 the issue Of the Commissions work !
believe that the precedent thus established I'm the
action ~ the Prussiar Government VIII show the
way 20 q better method n settling all commercial
differences and in securing additional and valuable
privileges for American business interests the
world over