The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-05

demanded. The bill was then killed de-
cisively.
ting passed House Bill ia, providing that
mutual Insurance companies OF other states
shall be permitted TO do business in Indiana
under the same laws relating TO the organi-
zation. Incorporation and operation of mu-
tual Insurance companies of this state
There has been strong sentiment in favor
OF the passage Of the bill, and Senator VOL
colt has fought hard for il in the Senate
Representatives OF outside mutual COM
panies were present when the bill was
taken up. and they were so tickled because
graduated everybody in sight.
PRACTICALLY BARRED OUT.
In speaking for the bill Senator Wolcott
declared that under the present laws for
eign mutual companies are practically
barred out of the State. The present law
provides, he said. that foreign companies
cannot do business here unless their assets
consist of 10000 worth of United States
bonds. State companies are given the right
to do business if they have assets of $4,000
in cash and bona fide premium notes Of
500. 900. There is no real reason why the
discrimination should be made, said Sena-
tor Wolcott and il keeps reputable COM
panies from investing large sums Of money
in Indiana. Last year, he said, there were
fifteen companies that left Indiana because
insurance business. Indiana, he said. should
treat these companies more literally.
Senator Stricler tried to amend the bill
to death. He was against ii tooth and toe
nail. claiming that the State should see TO
Ii that Indiana people should have the best
opportunity TO engage in this form of in
surance business. He argued that Ii was
unwise to let down the bars for the en-
trance of wildcat companies. He was
supported In his contention by Senator
Lawler. When it came to vote the bill
passed easily.
Representative Stutesman's bill exempt
ing municipal bonds drawing per cent.
interest or less from taxation was passed
by a big vote, and one of the first effects
of the new law will be to increase the reve-
nues of the new Indianapolis school bond
issue $4,000. Charles w. Moores. Of the
Board of School Commissioners, was pres
ent to root for the bill. When it got
through he said: 'It means at least one
more new schoolhouse for Indianapolis,
since we will derive $4,000 more from our
new bond issue than we would have re-
ceived had the bill been killed The gen.
eral application of the Statesman bill will
be the same. 1t will operate to the benefit
of school corporal ionS whenever bond issues
are made. The text Of the bill Is as fol-
lows:
dences of Indebtedness hereafter issued by
the State of Indiana or by municipal cor
porations within the State upon which the
said State or the said municipal corpora
tiOns pay interest shall be exempt from
taxa ton: also all notes and mortgages and
other evidences of Indebtedness drawing
per cent. interest and less which is an obli-
cation of bona fide resident of the State
of Indiana
The Senate yesterday Afternoon concurred
In the House amendment TO the Gard fee
go to the Governor. In its present form
the only county officers that will get their
salaries Increased are the county record
ty. was present when the bill finally went
through. and expressed his pleasure bois-
terously.
MILK BOTTLE BILL.
The milk bottle" bill from the House
was discussed by the Senate in warm
argument. Representative Wells had been
over in the Senate lobbying hard for the
measure, but when it came up it was fierce
ly attacked by Senator Lindey. Senator
Stricler moved to strike out the penalty
clause, and division was called for. Fiji
teen voted for the motion and fifteen voted
against ii. The Lieutenant Governor cast
the deciding vote and saved the bill. The
milk bottle bill provided that milk deal
ers shall have the same right of process to
recover their bottles that the law gives to
brewerfes or dealers in pop and other soft
drinks. Senator Fleming vigorously fought
the bill. but when the vote was taken there
were not enough ayes to pass IL. Fleming
demanded the aye and no vote, and was
disposed for time to insist on his demand.
in, saying that he did not wish to keep the
senators against their will. The bill will
be called up for passage again to-day.
Senator Lawler offered the report of the
conference committee on the amendments
to House bin No. 33S-the bill to increase
the salaries of the adjutant general and the
quartermaster general of the state militia.
The report recommended that the salary
of the adjutant general be increased to
$3.50 and that the salary of the quarter
master general remain the same. The
port was adopted by the Senate Gen. John
Ward was present, and was warmly con-
graduated on his good luck.
Near the close of the afternoon session
a resolution was introduced and adopted
allowing Secretary Hutson an additional
$500 for services Assistant Secretary Sny-
der receives the Increase already provided
for.
The Senate passed score of bills at the
afternoon session. comparatively few of
which were of general interest dozen
or bills affecting their own particular To-
calities. The business was expedited fur
Their by the advancement of numerous
measures to engrossment or third reading.
Senator Parks succeeded in getting passed
House Bill 81, which provides that civil
cases in which amounts of $50 or more is
involved may be taken appeal to the
Supreme Court, and that all criminal cases
may be appealed The present law limits
the right of appeal to cases of $500 and,ov
and restricts the right of appeal in criminal
cases.
The Senate yesterday afternoon con-
CURED in the action of the conference COM
mittee on the voting machine bill. AS it
leaves the Senate the bill makes the use
OF voting machines compulsory i'm four
counties-Marion, Vanderburg, Allen and
Vigo-and optional in all the others. The
population limit is $4,000 instead of
5000. There was little objection to con-
curing in the conference committee
amendments.