Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1905-10-17
IfaA .sssuRANcE. INVESTIGATIONS
Commissioners Ask 20 suspend Orders
For the Present.

Commissioners Ask 70 suspend Orders
For the Present.
The more the acts Of the New York
Insurance Companies are probed the
worse the scandal smells. The Mu-
tual is now under the ban with
showing worse than the others. A
few families seem to be fattening OF
the rich loot that the situation al
fords.
Meanwhile the Chairman of the
Legislative Investigation Committee,
Senator Armstrong, asks that all In
surance Commissioners suspend fur
Their action until after the Commission
has finished its labors.
This is perfectly reasonable re-
quest and should be granted.
Senator Armstrong says:
II regret very much to see other
states apply drastic remedies in ad-
vance Of action in this State. Our
Committee was appointed to investi-
gate the conditions in the insurance
business, and propose remedial oppor
tunity to complete our work.
these insuranc companies are per-
fectly solvent, and are able to carry
out every contract they have made
or will make. There is no reason for
refusing to permit them to continue
to do business. If Nevada proposes to
do one thing, Missouri another thing
and some other state still another
thing, there will be chaotic condi-
at least the courtesy to New YORK
state to wait until the investigation is
complete. and our remedial legisla-
ton is applied.
.'Our committee will make the most
thorough investigation possible, ana
when we are through we shall make
it. our business to adopt such legisla-
ton as will safeguard the policy hold
ers and make the insurance business
od1OI dAu SOuA0Cl anu AlOiC ottIoNeA =
than it has ever been before If other
states jump in before We can cons
plete our work or can adopt any leg
islation, everything will be confusion
in the insurance business of the coun-
try.
Another point: When number OF
Western Insurance Commissioners
We're in New York recently we had a
conference with them and we promis-
ee@,lons what remedial legislation if
was proposed to adopt. In this way
we hope to secure uniform action in
all the States. 1t is not right for
other states to take action after our
Committee has been at work only four
weeks and long before we have reach
ed the end of our investigation. Any
action they might take at this time
would be premature.
Our committee was not appointa
to tear down the insurance business
of the country. but to build it up. We
are simply tearing down some of the
rotten timbers to get the right foun
dalton on which to build. We are
trying to do this workman fashion
thoroughly and conscientiously. 1t il
not a pleasant task at best, but we are
not lodging and shall not dodge any
responsibility. The insurance body Is
sound, but 1t is afflicted with some ul
GERS. We are performing a surgical
operation for the removal of these
ulcers from the body, not trying to
kill the insurance body, because We
have discovered some rottenness.'
If these surgical operations are prop
erly performed there will naver /
any objections raised to these compan
les continuing business It the re
forms pspmised do not materialize !
will be the duty OF every state t
revoke their license.
a. 800