Mexico weekly ledger., 1905-12-07

form regulation OF gss utsf snsurznss
interests Of this country The United
States shoald IN this respect follow the
policy Of ether nations By FFE<t11rE
adequate national supervision OF com
nerciai interests Nfs1. ~s~ ~ls@zsy 80
tional IN character. Ny predecessors
have repshlealy reeogntzed IA ~
Z foreign business az these companies -
an important part OF our foreign Gem
merclal relations During the admin
situations OF Presidents Cleveland
Harrison srd NeRiniey the state de-
pzrtsnent exercised its innusnce.
through diplomatic channels. TO pre-
veaf unjust Discrimination By foreign
Countries against American insnrznce
companies. These negotiations Has
trsted the propriety 81 the congress
recognizing The national character OF
Insurance. for In the absence OF E
erai Legislation h state department.
could only give exrreSicr to the
wishes Of the authorities Of the several
states. whose policy was Ineffective
through want Of Ehiformity.
I repeat NY previous reconnerda-
ton IN the congress hould also con-
sfder whether the federal ~gofernruent
has any power OF owes any duty with
respect te-SSmestic transactions in IN
sars.ncs of an Interstate character
AlAL stare SANtLtltNsA = EA1tNA AA
adequate is generally conceded The
burden upon insurance companies. and
therefore their-poiicy holders. OF con-
nicfEng regulations Of many states Is
uuQnestioned while but little effective
cheek is imposed upon any able and
u~nscrupaious nan whol desires 10 ex-
pioit the in his own interest
at the Expense Of the policy holders
and OF the public The Inability Of =
state TO regulate effectively Insurance
corporations created under the laws OF
other states and transacfing the larger
part OF their business elsewhere Is
also clear. As a remedy for this evil
OF conflicting, Ineffective. and vet bur
dersome regulations there . been
for many years a widespread demand
for federal supervision. The congress
has already recognized hat Interstate
Insurance may be q proper sub1set Tor
federal legislation for in creating n
bureau of corporations IL authorized
II to publish and supply useful in
formation concerning hibernate cor
porattons Including corporations en
gagged in Insurance. 1t is obvious
that & the compilation OF statistics be
the limit Of the federal power. IL Is
wholly Ineffective 70 regulate this
form Of commercial intercourse be-
tween the states. and as the Insurance.
business has sutRrown in uagnttnda
the possibility OF adequate state
pervlsion. the s should care
fully consider whether further iegizla-
tton can be hal. what - said above
applies with equal force to fraxernai
and benevolent ORGANIZATIONS whseh
contract for life Insurance.
Under The subject Of rational revenues
the president makes a plea for the enact
ment Of reciprocal arrangements between
this and other countries. but does rot asa
for any taffr legislation AT the present
time In the same eo1nection be asks for
economy in appropriations.
Business Methods in Departments.
On the subject q graft IN the several
! government departments that have been
under investigation he says
Il AT various times L ave Instituted
, Investigations into the organization
and conduct OF the business OF the ex-
ecutiTe departments While none OF
thsse inquiries have yet progressed
: far enough 10 warrant Snail conclu-
! sions. they rave already confirmed
and emphasized the general impress
sion that the organization Of the de-
, partments Is often faulty in principle
and wzsteful In results. while many
OF their business methods are anti
/ qnated and inefac5ent There Is every
reason why our executive goyerng
2 mental machinery ho1ld be at least
z as well planned. economical and
efficient as the best machinery OF the
great business organizations. which az
0 present is not b case 10 make II
: so IS a task OF complex detail and es-
. ssntsaily executive in its nature prob
n ably no legislative body. no matter
q how wise nj able. could undertake II
r with reasonable prospect OF success
I recommend that the congress con-
slider this subject with . view 10 pro-
vide by legislation for the transfer,
ls@-ssef- -@-mrrf1n sFnr a~A ASSIGN
ment OF duties and executive orsazixa-
n tions or parts Of organizations and
for the changes in business methods
4 within or between the several depart
: meats. that will best promote the
4 economy. efficiency and high charaeter
Of the government work
e Federal Elections.
On TIE snbteet Of federal elections lie rec
crnenes chat Il be made unlawful for 20
!. nticai parties to receive campaign con.
trIhutlons from the corporations, and as
thai Il be msde uniaSful for e~orpetauol'
= 10 give such c0ntributions, and In this con
< nscton Re says:
!. cvntrsputtons By corporations to any
purpose should he forbidden hy law
directors should not be permitted q
use stockholders money for such pur'
4 poses: and, moreover. a prohfhttion o.
this kind would be- as far as i went
an effective method OF stepping "a,
evils aimed at IN corrupt Igacuce
acts Not only should both the IA
= tforai and the several state legisla
lures forbid n ofhcer OF a corpora
ton from usirE the money OF the cor
poration in or about a eAection, oa
they should also forbid such use Q
money an connection with n lsgisle
ttcn save by the e~mploynent o. eoln
! sci in public manner for distinctly le
!, gal services
y The Hague Conference
-. u.~ue conference and the sub
a 3ect OF ARBITRATION generally Is ueate
D of Al considerable iength- and In TIL
to connection an explanation is given Q
tails governments connection with n
coming conference in the foiloTinl
words.
y tina nrsf conference Of nations held q
ie The Hagua in lssa, being unable TO al
p pose of al the business before = Ten
q msnSed the consideration and sstteuer
o. n a number Of important questions .
d. anofher conference TO Be called subs
OF ousntix and at an early date. Ihes
be Questions were the following: % n
a. rights and duties az neucralss O II
lg limitation Of the armed forces On Ian
= and SEA. and Of military budgets; a. u
IN use AZ ueu types and calfbers Of nIllsaE
II and naval guns. 90 the inviolahtltty {
D. private property at seq In times ct wal
IS 81 ne somhardmeat d ports. cities an
N rfIiaEes by naval forces In 0ctobei
Is 500 Al the Instance OF the Intsrparlii
ke mentary union, which. at . eonferenr
r held IN the United States and attends
BY ths lawmakers Of Is different nation
n had reiterated the demand for q seeon
conference Of nations. l Issued Invitation
re to all the powers slgnatory TO Tie Hagu
en- convention TO send delegates TO such
n conference and suggested that II b agal
- held at The Hague In It's note Of d
eember l6. 1904, the United States govers
"A ment communicated to the represents
\, tfves OF foreign governments It's beus
that the conference could Be best al
"a ranged under the provisions Of the pre-
~ ent Hague treaty.
From all the powers Acceptance vas n
:. eeivea. coupled in some cases with Il
condftion that ~ should walt until n
enS 81 the war then waging between RuI
"a aad Japan. The emperor Of Russii
" Immediately after the treaty Of peas
which 50 happily terminated this wa
a IN a note presented 10 the president q
n september Il through Ambassador Rose
d took The initiative in recommending tn
to the conferences be now called 4 Cnttl
nj States government IN response express
liz its ccrdlzi acquiescence and stated tn
q wsald. as a matter OF course. take pa
NJ IN the neE eonference and endsavor