The independent. [volume] (Lincoln, Neb.) 1902-1907, 1905-10-19
PAGE 3

laws, for such requirements would infringe rights
and would be unconstitutional The national cence moreover,
might be made optional The life company could comply
with the requirements it's officials should fit would
of course be its benefit obtain the federal cence Failure
such cnce would be taken prma facie evidence by
the people that the company unable the just require
men of the federal law and this would work greatly the
pany's disadvantage
This kind of supervision however, the kind desired by
those who talking the loudest for federal control They
demanding that the shall issue federal charter
all life companies
lence required Of the company. State licences would thus be
abolished Fortunately for the nation their plans be carried
cut unless the constitution is amended and constitutional amend
must be ratified by wohirs of the The supreme
has decided that life insurance
and if the does itself the life insurance companies
must pin their hope Of federal supervision constitutional amend
men The greatest danger is that the court be in
duced change its mind its personnel changed New judges
might be placed the bench by corrupt political methods similar
those used by the insurance companies influence egsn
That such scheme has entered the minds of insurance officials is
evident from the declaration made few days by prominent
insurance man that the court might change it's decision if
afforded light Such result indeed probable the nur
companies and trusts permitted continue their practice
OF buying national elections for preferred presidential candidates
timely warning o the intentions Of Senator John f.
Dryden and others who advocating federal charters will do much
good and will make the people determined than that laws
shall be enacted which will prevent corporate wealth from controlling
the election Of presidents
Hereafter when funds widows and orphans
he should his conduct the ground that he contributed the
to the republican campaign fund He will then find de-
Tenders who will say he by motives Unkind
might that there would certainty that he had
buted the funds the committee but the be said of the
contributions The insurance companies had nonedge
method of bookkeeping which possible certain officials
to slice off liberal portions of moneys ordered paid would be
interesting therefore, compare the books of the republican
paign committee any books have been preservedt the
statements made by the high insurance officials the
contributed might be revealed that of the officials exacted
toll for doing disreputable work
Defending the expenditures made by the life insurance
pane to influence legislation, James Beck of New York de-
caed that of the legislation proposed legislatures
of bamaing character and he added that the
panes rarely spent dollar favorable legislation Mr.
Beck should explain why better spend money good
legislation than spend money defeat bad legislation As a
however, the Hobbies squandered the money
of pocyhoders with impartial hand favorable and de-
feat unavorable legislation.
The American association of bankers record APP
proving subsidies for shipping The
bankers have rich subsidies themselves that they