Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1905-10-19
INSURANCE OFFICIALS WHO
GAVE MONEY FOR CAM
PAiGN PURPOSES.
TENNESSEE MAY PUT UP BAR
INSURANCE CORNERSTONE FOLK
TAKES THE COMPANIES
IN HAND.

New DIX, Cct. IA lie McICHdHtS
of New York, through its
board of directors. yesterday adopted
resolutions calling upon the district
attorney of New York county to as
certain whether an indictment cannot
be found against the officers of life in
surance companies who have contrib
uted the funds of the companies to
political campaign committees. The
association also asks that civil action
be instituted by the state attorney
general looking to the restitution OF
the money SO contributed.
In addition to the adoption of the
resolution the Merchants association
announced that District Attorney
Jerome would be requested to recon
slider his determination not to ask for
an extraordinary session of the grand
Jury to consider the matter at this
time.
States Its Position.
The resolutions in part are as fol-
lows:
whereas. in the judgment of this
board the excuse offered for these
payments violates every sound prin-
c1ple of business morality and would
justify the illegal diversion of public
and private trust funds of every de-
scription: and.
whereas, the penal code provides,
in substance, that any officer, director,
trustee or manager of corporation
who intentionally appropriates or
causes to be appropriated any Of its
funds to his own Or to that OF any 9th
err person than the true owner or per-
son entitled to the benefit thereof,
steals such property and is guilty OF
larceny; and,
"As Common Thief"
"Whereas, this board believes that
the interests of the community demand
that this misrepresentation, it crime
should be visited with adequate pun
ishment; that law should be enforced
irrespective of the station of the of
fender, and that nothing should be
more operative as check upon the
corrupt use of the money of corpora
tons than conviction of the offender
as common thief;
Resolved, That in the opinion Of
this board prompt and energetic step:
should be taken by the district at
torney of the county of New York t.
ascertain whether an indictment can
not be found against the presidents Of
such companies and other officers con
cerned in said payments, and that i
| is the opinion of this board that thu
| attorney general of the state. shoult
| institute civil proceedings for thu
| return of said sums to the treasures
! Of the respective companies
Commissioner Folk Busy.
| Indianapolis, Oct IS. - Indiana In
surance companies received by mai
yesterday long Interrogation fron
| Insurance Commissioner Folk of Ten
| nessee Mr.. Folk is brother of tn
| governor of Missouri. The interrOga
ton, the questions in which are to b
answered under oath, requires tn
president of each company to answe
in detail whether or not the cOmpan
has subscribed, directly or indirectly
to any campaign fund of either part
since 1896; whether the company ha
disbursed any sum of money at an
time to influence legislation in the leg
islature Of any state or in nations
congress. A number of such question
are asked. differences from the con
munication are that any company fai
ing to answer the questions satisfa'
torily will be forthwith prohibite
from writing insurance in Tennessee,