The Montgomery advertiser., 1905-09-22
ROOSEVELT
 INTERESTED
 .~-4-e----~ Closely Watching Inquiry Into Insurance.
 ----~s---- MAY DISCUSS IN MESSAGE Will Possibly Suggest fcd- eral Legislation.
 --e-- Matter of reacs Cenference Aiss Talked sy President in Con- ferenee Win Roet. Lodge
 sna Chease.
FAY DISCUSS IN MESSAGE

Oyster Bay. L. L, Sept 2ty--secretary of State Elihu Root. Senator Henry Cabot Lodge of Massachusetts and Joseph H. Choate. former ambasssdcr to Great Britain, who spent last night at sagamore Hill as guests of Presi- day.
 The conference between the President and his visitors was admittedly inppr- tant. As indivated in these dispatches last night the principal topic of dia- cussion was the recent disclosures in the investigation of the conduct of tho life insurance companies of New York being niadasb by committee of the New York Legislature. The President has in course of preparation his annual message to the Congress and he pro- poses to discuss the insurance question with special reference to federal leEis- lation for the regulation of insurance. and he naturally desired to confer with hfs close friends as to the manner Tn which he should treat the subject
 1t is known that the conference last night continued until late hour. No details of 1t are obtainable. It is known, however, that the President has manifested for months deep interest in the developments regarding tho cpa duet of New York life insurar1ce cca1f- panies and has had in mind the desiFa- biltty of federal regulation of such cor porationa, Under tho law as it now stands the bureau of corporations of the Department Of Commerce and Labor has no control over life insurance iu- corporations. It practically csn only make inquiry into their business for the purpose of gaining Information. but 1t cannot supervise them in any way. The Presldent has ben urged strongly to recommend to the Congress tho ep~ actment-of such Legislation as VIII Elxa the federal government supervisory control of insurance companies. whether the disclosures regarding the payment by certain corporations Of campaign contributions has anything to do with the present tuqpry ny the President. or whether that subject vas considered even at l&At nights corfek- ence cannot be told
 1t is learned that the most important international question considered at the conference was that relating to the second peace conference to be held at The Hagia.
 The President explained to his vis- itors that on September ls AmbAssa- dor Rosen had visited him at saga- more Ifii1 to inform him of the desire of Emperor Nicholas of Rnssia to call a peace conference at The Hague which should be supplemented in it's work  ago on the Emperor's initiativ<. The President last autumn took the Initial step toward the calling of the second conference, addressing through secre~ tary of State Hay note to the pow- ers. The powers, including Japan ae- quiesced in the proposition of the President. but Russia, while accept ing it in principle, objected to holding the conference while she was waginM war with one of the signatory powers. She indicated that at later time, per- haps on the conclusion of peace be- tween herself and Japan. the holding of q second conference at The Hague would be agreeable to her.
 The visit of Ambassador Rosen was made with a view not only of present. ing to the President formally the de- sire of Emperor Nichoias but also with a view of ascertaining whether President Roosevelt would be quite willing to waive any claim he might have on the calling of the conference because of the steps he took last year so that Emperor Nicholas himself might issue the call. The President expressed himself as delighted to yield to the wish of the Russian Emperor and Ambassador Rosen already has if- formed the Emperor informally Of the Presidents acquiescence. formal re- ply to the Emperor win be sent him by the President through Secretary Root That reply was discussed last night but 1t has not yet been put into definite form. IL probably will be for warded soon after Secretary Root reaches Washington, about the first of October.
 Some other questions pertaining to the relations between this country ana Venezuela and the financial condition of San Domingo were also discussed. No report has yet been received from Judge Calhoun, the special commits sioner of the President to venssuela, but one Is expected in a few weeks. Prof. Jacob H. HolIander, who has been conducting mn inquiry into the fiscal affairs of the San Domingo gov- ernment, now is engaged in the prep aration of his report. He already has made an informal report to the Pres ident concerning his inquiry and the President Is reasonably familiar with