The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-21

recommending to the next regular session OF
tho Legislature such proposed legislation a.
may he adequate and proper 10 rcstOre pup
lie confidence and to compel lie insurance
companies TO conduct safe, honest ano
open business for the benefit Of their policy
holders. FRANK w. HlaolNs
The resolution offered by senator Arm
strong and adopted unanimously IN each
house provides for committee or three
Senators and five AssemblyInen for thes,
purposes:
b,isinnsi and affairs Of life insurance com
panieS doing business In the State OF Ne"
York with reference to the investments OF
said companies, the relation of the ofncers
thereof to such companies TO subsidiary cor.
porations, the government and oontrol OF
said companies, the contracsual relations
of said companies to their, poicyholders,
tho cost Of life insurance. the expenses OF
said companies and any other phase OF the
life insurance business deemed by the
committee to be proper, for the purpose OF
drafting and reporting to the next session
Of the Legislature such revision OF the
laws regulating and relating to life insurance
in thi, State as said committee may deem
proper"
The appropriation for the expenses OF
the committee IL $50 600.
The Armstrong resolution was adopted
IN the Senate with but little comment. u
all came so sudden. In the Assembly
Minority Leader Palmer said
PALMER ON THE CHANGE OF FRONT.
Il remember that when the Executive
was nominated he said he was not the tool
OF anybody and would receive the advice
of nobody. not even the previous EHecu.
tive of the State. He said there would
lie no message to this body. and the pre-
vous Governor of the State and the pres
emit leader of the Republican party OF the
State said that there must be and ought to
ha I hn,. iprp nny
whether the Governor was 1t or 1t was the
Governor. And I am satisfied now that
the Governor ia not 1t and that II Is the
Governor. Although they do not wear
the same suit Of clothes the Governors
code of action is taken from his prede'
ces4or in office.
Now want to agree with both Of them,
not with the vacillating spirit exhibited
by the Governor, but with the dominant
spirit exhibited by the Ex-Governor. l
want to agree with the man this time
who has nerve as against the man who
has neither nerve nor backbone.
Il want to agree with his man Hartman
who could not control the Equitable and
finally said there must be an Investigation.
I want to agree with the whole scheme,
that when the Ex-Governor and Ha ri
man and the other man could not control.
that they would come out and say, we
are going to kill the man who drove US
out of business, in the Equitable
More than that. A scandal e1lsted Wneh
we introduced our resolution last winter
which was defeated upon this floor. A
scandal exists now. And ! care not from
what source an investigation comes;
want to agree with it.
Assem!lyman Merritt defended Gov.
Higgins eainst what he declared to be an
unjustitiable attack When the resolution
was handed down in the Assembly and read
Assemllyman Tompkins CTam) offered
an amendment that the committee be di-
rected to investigate the Insurance Depart
ment of the State
Mr.. Tompknss amendment was de-
feated and the resolution in its original
form was adopted