Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-02-03

panies should be required 10 report the
losses paid. Foreign companies ought to
b required to deposit In the District SUI
preme Court funds to secure the payment
Of claims here. The deposit Of sums In the
states does not secure local clients. because
they cannot get hold of the money.
General Birney said the underwriters had
looked more to their own interests than
the interests Of the policy holders He said
that the small-type provisions on some
er. are regular cut-throat requirements.
He submitted q number Of amendments to
cover the objections he raised. He said
they were In the nature of protection to the
policy holders. One amendment extended
the time for notification of loss by fire from
twenty-four hours to five days.
Gen. Birney said in a recent case OF In
surance he found that the insurance had
II he had tried to sue, he would have had
to enter siXty-eight different suits. requir-
ing the filing of 1900 or 10000 papers.
: Mr.. Noble ID. Larner's Suggestion.
Mr.. Noble D. Larner suggested striking
out the provision that nothing in the act
shall affect any provision for payment of
taxes. He wanted all companies doing
business here to be placed on the same
basis with insurance companies of the
states. Now the companies doing small
business are compelled to pay the same tax
as the companies doing a large business.
He thought the companies should pay tax
on percentage of their receipts.
Opposed to Taxing Brokers.
Mr.. r. E. Sullivan objected to section Q.
which taxes brokers. He thought the tax
should be borne by the companies and not
by the solicitors and brokers' He said the
object of the large license is to concentrate
the business into the hands of few trust
companies. He said the company he repre-
sents employs men in the departments VINO
do little business, and these persons could
not paw the proposed tax. The solicitors
have to do little business in life, ire and
plate-glass insurance. This bill would weed
out about three-fourths OF the people VINO
are now doing business.
1.-The idea of this bill seems to tax the
poor man. who is doing the work" said
Mr.. Sullivan, land give the business to a
few companies"
Mr. Henry Wells said that man in the
departments should not do insurance BUSH
ness and interfere with men who pay tax
to the District
Mr.. Decide Answers Mr.. Sullivan.
Mr. W. Riley Decide said Mr.. Sullivan's
argument vas specious. He said that MI
Sullivan was the lone man in this city who
was under salary, no matter what his
receipts. He. said that the other insurance
brokers have to divide their commissions
with the shutdown solicitors, for whom
Mr. Sullivan pleaded.
THE prime object Of the BILL said Mr..
Decide. lis to provide some regulation OF
insurance here. The commission would set
tie these details
Chairman jenkins of the subcommittee
said that this seemed to be case of dog
eat dog He regretted that the insurance
companies should drag their personal sQuab-
bles into the consideration of the bill. He
recognized the necessity of an insurance
law for the District. and he thought the in
surance men should get together.
Mr.. Decide said the companies cannot get
any closer together than this bill proposes.
Mr.. Jenkins said the subcommittee would
let the matter rest in allegiance for while.
and in the meantime the insurance agents
can submit their views.