Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1905-10-06
: EdaEatl Inall9iat1arIq3 y ks1
lNa,Hber Ill., NothN al ~ w.,
I'D AZ AZ
speciA Correspondence

W1shi1gs5n, DE-; Sept 30,-The
investigation Of 6he big life insur-
ance companies Of New York just
now seems to have backed every
1king else off the boards, as an in
terest Mlaker in public eyentsl 1t
scents 'tJste tile consensus OF opih-
here eng. < t4hie-4eadefs-ef--tAe
Democratic party who have visited
'tHt Capital iiitt1e recent past, That
eHe Il Investigation. sofar. has been
a4ran X failure and IA farceI5 They
raw TINT. Chairman. Hughes. of the
New York legislative investigating
committee is making a grand stand
play to the gallery and that he is
9'la;iiig it oil his own behalf and in
the endeaver to make political cap
.ital ont of,it for. himself and for
the Republican party. He wants
to have his party pose as the great
savior of the people and that he is
the prophet So Tar he has5brought
+out nothing ito the, detrimentef the
companies relating the misuse OF.
the money entrusted to their care
bv the people who have ! bought
life insurance policies. He has
shown simply that the aycom.
GAMES have invested the funds in
their hands in the interest Of the
policy holders, as any other bank
ink institution would have done.
Wien a man deposits money in a
bank he does not expect the officers
of-the bank to allow it to lie idle
in, the safe or vaults of the bank.
The officers invest it to make
money out Of it fer themselves and
the stockholders. In the same.
way the officers of the insurance
companies have invested the money
Of the people to make monev for
the policy holders instead OF them
selves. There is no sane man who
believes that a single one OF the
big life companies in New York is
insolvent. On the contrary, if
every one Of them would quit bust
ness today and never sell another
policy, they could pay dollar for
dollar every outstanding policy
The absolute integrity of such men
as Mccall, Morton and Perkins is
beyond cavil, and to hold them up
as marks for the little pin headed
Republican politicians of New York
is disgusting to the sober and; sen
sible people who know and realize
the true inwardness Of this social
ed Investigation.
The truth about this investiga-
ton lies much deeper than any
thing that appears on. the surface
and is. of absorbing interest to the
people Of the entire country. A
side from the fact, as above stated,
that little Mr. Hughes wants TO-
make capital olrt of it for himself
and the Republican party OF New
York which is rotten to the core.
the great underlying idea of the
whole thing is to boom Roosevelt 8.
idea, of Federal control OF life IN
.surance companies. He already
has been the moving factor in the
fight for Federal control OF the
railroads. If he gets Federal con-
ttrol of all the big corporations lin
the country, tnen State rights
mean nothing ia this country and
we may as we'll haYesocialism at
once and be done with it ia1
The people should be fooled
with the bluff and ssblusier of the
little political committee that is
trying to smirch men whose names
have been FOR years The synonym of
Financial intelligence and integrity.
The insurance companies, it, is
believed here, will ,proYena clean
bill Of financial health, bat the
game is to start the boom for Fed.
eral control and Teddy may get his.
followers to- introduce such bill IN
to the coming Congress- This is
q Republican scheme from startdto
finish. l.,olls2sgq n<sin :..ay 20;
game, do not believe there is any
ithingGt the matter with 1.-THE ''insurrI
'ance companies, puttith suits their.
purpose tolexploit themiin order to
further tbeirlown ends.3eoag ~