New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-15
MR.. HYDE EXPECTED BACK
MAY ARRIVE THIS WEEK.
Senator Dryden Asks Opinions on
Federal Control.

Visitors who called 1T James Hazen Hyde's mousse
No. s East 4Oth-st., told yesterday that tne
young ex-vice-presdent was expected PACK III Town
this week. Preparations here for his return were
likewise apparent.
Despite the many false alarms OF Nj Hyde's re-
turn that have been sounded. and despite the IN
usual retceuce OF his counsel, this was construed
yesterday as a strong indication that, as told al
ready in The Tribune. Mr.. Hyde purposes 10 appear
before the legislative insurance committee Fo4un-
tarily and without conditions The committee mas
declined point blank to consider his counsei request
that Mr.. Hyde appear with the benefit OF ms AZ
torney's advice and cross-e1aminaton' ana also
that the subject matter OF all pending suits against
Mr.. Hyde be excluded
Senator Chauncey N. Depew, who has tod the
committee that he viii be glad to teSr@3J g. any
time is expected back in town from Vermont 10
night Although the committee is handlcappso
seriously Equitable investigation by the per
sistent absentees from this Safe, It is entirely
likely that Senator Depew and Mr. HYDE VIII 1oi-
low each otter on the witness stand
Counsel for the committee refused TO make any
comment yesterday on the wish expressed ~
Thomas H Bowies to testify before the committee
Mutual Life officials have testified that Mr. bo"!SS
received $4,000 from the company just neIore ne
abandoned revolt which he had insugatsd against
the company.
Attorney General Mayer was n town early yes
terdar. but preferred not TO DISCUSS hlsura1c
questions.
opin!ou on the question of federal control OF LIE
insurance companies. United States Senator John
F. Dryden has sent out many copies Of the follow
ing circular letter with the appended list OF ques-
tons to be answered:
In his last annua. message President Roosevelt
called the attention of Congress TO the necessity
for federal legislation providing Tor the on
and control OF insurance companies tTascI1I ir Ia
terstate and International business In conpLIS4lce
with increasing demand from insurance Pottlcy-
holders and others interested II ne pao4G f
introduced into the last congress q otlt LIzraJ
within the Bureau of Corporations dlvlslon OF M
and that policies OF insurance were
TO be articles of commerce and tnstruIaenta4lues
thereof. The bill introduced TOO late 70 secure
final consideration. but the demand for SUCH
measure has become even more apparent In the
mean time, and expect to reintroduce t9e same
which is to meet in December
The bill will be introduced behalf of the policy
the r BELIEF that Their present and future Inter
ests demand the additional protection OF federal
statute regulating insurance transactions between
the States in addition. of course. to such super
vision and regulation as consttutonaL4y belongs 20
the States from which the companies derive tnelI
charters EurthernoFe that ny e e11ertoa
the following important benefits are expected 10
FIrst-An increase in the security of the policy
second-A decrease in the expense rate and the
Third-A decrease in the burden of needless tax
Fourth-A decrease in the amount Of clerical
labor now indspensa6le to meet the requirements
Fifth-The stamping out Of fraudulent insurance
Sfxth-Adequate national protection for American
companies transacting business In foreign coun-
tries
have not been brought within the scope Of Con-
Of views from the interests affected by such
measure and l. therefore. take the liberty Of
troubling you with a few questions to which
would like 10 have you reply either yes or no. as
the case may be- together with any additional
comments of your which you may wish TO
make upon the matter . -
IF entirely convenient. kindly fill IN and return
to me the attached blank in the inclosed stamped
envelope and accept in advance my sincere thanks
for your courtesy and cooperation in my effort 10
secure a comprehensive expression of qualified pub
lie opfnion upon a matter vftaIly affecting the
welfare Of the American people. Very truly yours,
JOHN T. DRYDEN.
Q. 1. Do you indorse the suggestion Of President
Roosevelt, that insurance companies engaged in in
terstate insurance business should be regulated by
and brought under the control Of the federal gov
eminent?
a national rather than local interest and prop
erly the solicitude and care OF the ma
tional government?
hold the business Of insurance to be commerce,
or an integral and Indispensable element OF COM
nnerce in the sense in which this term is used in
everyday language? -.
O. + Are you in any way apprehensivs that It
would be nexpedent inadvisable to increase the
po7ver of federal government TO the extent inl-
Piled in the regulation Of insurance by Congress!