The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1905-07-21

Items of Interest Taken
From
OUR EXCHANGES
The Minneapolis Tribune says there Is
Sure to be New Law for ReSula-
tion Of Life Insurance
Companies.

Minneapolis Tribune: There is
certain to be new law for regulation
of life insurance companies. The pres
ident is in favor OF federal legislation.
If constitutional limitations prevent
this the states will work out new laws
more or less identical. The New
York legislature was kept off the sub
ject this winter with great difficulty.
1t is certain to take up at the next
session.
Former Gov. Odell, who wants to
get back into public life on a popular
issue, indicated in an interview the
other day the kind Of legislation he
thinks desirable. He would have life
insurance companies completely divor-
ced, not only from speculative syndi
Gates, but from banks and trust com
panies. and he would have their invest
ments restricted and regulated by law
like those of savings banks.
He does not say so, but he seems to
mean that the law should prohibit
directors in life insurance companies
from being directors in other corpor-
tions. Perhaps this would make
them all dummies, and it would be
better to bring about the divorce in
some other way. Savings banks do
not get mixed up with trust compan.
les and sydicates, and we do not know
that their directors are forbidden to
sit in other boards.
It is going to be very difficult to
work out these reforms by legislation
in the face of the big financial inter
ests that profit by present conditions.
Public opinion of the strongest and
most persistent kind must support the
agitation for it. Public opinion can
do ,uore than this-~and probably will.
It can make the new legislation well
come to the life insurance companies
themselves by refusing to do business
with those that oppose it. This is
going to be the strongest influence for
reform.
The big companies can live some
time on their fat without new business,
but we think they will not care to.
There are strong and solvent companies
now doing business in just the way
the proposed new laws would require.
There will be increasing public ten
dency to seek them out and prefer them
until the others, with or without a
legal colapulsion, adopt the same
methods.
Maddox Standard: News reached
here last night by wireless from Devils
Lake Chautaqua, of a painful accident
to Editor Allison while at that resort
Monday. The good looking editor had
just come out from plunge in the
briny when he SHE'D so violently at the
much abbreviated costume of sea
siren that the belly band Of his bathing
suit went broke and the whole bunch
of rags fell to the dock. leaving Homer
clad in a dazzeling garb of blushing
modesty, cut on the bias. A sister
of mercy came to his assistance and
helped to buckle him up, but not
before few thousand spectators had
been treated to life size reproduction
of the fashion in vogue in the garden
of Eden minus the fig leaf
Hits and Mrs. in Grafton Record {:
One week ago last Saturday there was
donation party pulled off in this
Office. On that occasion was pre-
sented with shirt. This was no or
dinary occasion with me. I have
worn other peoples shirts at times,
either by necessity or accessibility, but
never before have I had man delib-
erately walk up and shout in my ear
that the shirt he was then holding in
front Of him, was mine to wear and
to hold as long as the laundry man
gave me the right. Now that is no
reflection on the laundryman. He
can't help it if people hold onto their
clothes until he has to use cold chisel
and hammer to remove the dirt, and
occasionally chips out a piece of the
real article. My present was reclining
when l met it, in long pasteboard
box and looked up at me SO trustingly
through three button holes that did
not have the heart to reject it, and
hastily said I was very glad to add it
to my collection, and promised to
treat it kindly and do by it as we'll as
I would by my own shirts, which have
stronger hold on me. The name Of
the man who brought the shirt in will
be withheld on account Of his family.
He was very gentlemanly about it,
however, and told me il the shirt bag
ged at the knees. or swallowed the
collar buttons, that Guiterman Bros,