The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-09-22

Insurance Companies May Get the
Worth of Their Money.
PRESIDENT HAS A SCHEME
FEDERAL SUPERVISION WILL BE
PROPOSED.

- YsTER BAY, Sept. 21.-Secretary Of
ii State Root. Senator Henry Cabot
Lodge of Massachusetts and JOS
eph H. Choate, who spent last night at
Sycamore Hill as guests Of President
Roosevelt, left for New York TINS
morning.
The conference between the president
and his visitors was admittedly import
ant. As indicated. in these dispatches
last night the principal topic of dis
cussion was the recent disclosures In
the conduct of the life insurance COM
panies of New York being made by
committee of the New York legislature
The president has in course of prepara-
ton his annual message to congress
and as he proposes to discuss the in
surance question in that message with
special reference to federal legislation
for the regulation of insurance, he de-
sired TO confer with his close friends
as to the manner in which he should
treat the subject.
Conference Lasted Long.
The conference last night continued
until a late hour. No details of 1t are
obtainable. 1t is known, however, that
the president has urged strongly the
enactment of such legislation as VIII
give the federal government superVl-
sorry control of insurance companies:
Whether the disclosures regarding
the payment by certain corporations OF
campaign funds were considered at last
nights conference cannot be told.
1t is learned that the most important
international question considered at
the conference was that relating 10
the second peace conference 10 be held
at the Hague.
Request of Russia.
The president explained to his visit
ors that on September Is, Ambassador
ROsen had visited him at Sycamore
Hill to inform him of the desire or
Emperor Nicholas of Russia to call a
peace conference at The Hague which
should be supplemental in its work to
that held at the Hague three years ago
on the emperOr's initiative. The presl-
dent last autumn took the initial step
toward the calling of the second confer
ence. addressing through Secretary OF
state John Hay q note TO the powers,
The powers, including Japan, acquies-
ced to the proposition of the president,
but Russia, while accepting il in prin-
ciple objected 10 holding the confer
euce while she was Waging war with
one of the signat0ry powers. She indi-
Gated that at a later time, perhaps on
the conclusion Of peace between her
self and Japan, the holding of a second
conference at The Hague would be
agreeable 10 her.
Roosevelt Was Willing.
The visit of Ambassador Rosen was
made with a view not only ST present
ing to the president formally the desire
of Emperor Nicholas, 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 him
self as delighted TO yield to the wish of
the Russian emperor and Ambassador
Rosen already has Informed the en-
peror Informally of the presidents ac-
QuiescenCe. a formal reply to the en-
peror viii be sent to him by the presi-
dent through Secretary Root. The re
ply was discussed last night, but it has
not been put into definite form. II
probably will be forwarded soon after
Secretary Root reaches Washington,
about the first Of October.