The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1903-01-29
REINSURANCE Department
What Has Been Accomplished Under
the Excellent Management of Hon.
James K. Young.

Greensboro Record.
AS a purely business proposition,
laying aside anything else, it does
seem that the Insurance Commits
sioner OF the State should be given
what he has asked fOr-mOre clerical
help. He wants no increase OF salary,
but he does want sufficient help to
transact the business Of his office,
which has grown to such enormous
proportions. 1t has increased year
by year until last year it paid to the
State over $132, 900, while this fiscal
year ending in April it will reach
$4,000 or more.
Greensboro Telegram.
We are much interested in finan-
cial exhibit and comparison sent out
by Insurance Commissioner j. X.
Young. Taking off the salary al
lowed the Commissioner for three
years there is left a balance OF $780,
211 saved the State out of the class
of fees formerly allowed the Secretary
of State as his salary for looking
after insurance companies. In view
of what the Insurance Department
has done and what it may yet do,
we do not think the bill to let the
Department have a little more money
is in amp sense a bad move.
Raleigh Times.
The State never made a more prof
liable investment than when the Of
fee of Insurance Commissioner was
created four years ago. This depart
ment has brought large revenue to
the State at little or no expense.
Neither can the value OF the depart
ment be measured solely in dollars.
The efforts of the commissioner,
| under the present wise law, has made
North Carolina the model insurance
State When Mississippi, Virginia
and other States desire to enact wise
insurance laws they do not go to
New York or the great Northern
States for their models, but look to
| North Carolina. Last year the reve-
nues raised through the Insurance
Commissioner reached nearly $14O,-
900. Yet the State only allows the
Commissioner 81 900 a year for his
assistance. The defeat of the bill to
carry out Governor Aycock's wise
Recommendation and make the ap-
preparation $4,000 would be penny
wise and pound foolish.
| Charlotte News.
| No department of our most excel
lent State government is more eff
GENTLY or acceptably administered
than the Insurance Department. To
Commissioner James R. Yonng is
due the credit for the admirable ad-
ministration of the department. His
administration has been acceptable
alike to the insuring public and the
insurance companies. North Caro-
lina's excellent insurance laws as adj
ministered by this department have
largely decreased the fire losses, and
have made this State entitled to
lower rates than any other Southern
State. This is the most profitable OF
the State departments. Under Com
missioner Young it's receipts have
increased from $4,000 to 1914, 900
and in order to handle this increasing
volume of business Commissioner
Young asks the Legislature to give
him $4,000 for clerk hire. 1t does
seem that he ought to have it, and
we hope the Legislature will grant it.
| Charlotte Observer.
The Observer, as a small and hum
BILE taxpayer, wishes to express the
hope that the Legislature will take
favorable action upon the bill before
it to provide additional clerical as
sistance in the office of the Insurance
Commissioner Mr.. Young is an I'M
exceptiOnable commissioner, and
should have more salary than he re-
ceives. Since the establishment of
his department-its present work
was formerly part Of the duties of
the Secretary of State-the States
receipts from the insurance compa-
MES have increased largely-about
20 per cent, we believe Besides, it
is a part OF his duty to investigate
the origin of incendiary fires, and in
the performance of it he has made
life SO unpleasant to gentlemen who
burn their own property-and Incl
dentally, sometimes, that of their
neighbOrs-for the insurance money,
as to have greatly discouraged this
branch of industry. But this is not
a question of increasing the Commits
siouers salary. The proposition is
to give him a sufficient number OF
clerks to enable him to dispatch the
business of his office more promptly
and efficiently and with less burden
upon him and his present force. This
is meritorious bill and ought to
pass.