The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-10-12
uI MILL DUDUEO
Never Said He'd Be a Candidate
for Insurance Superintendent.
Has Positive Opinions on Pres
ent Investigation.
YANDIVER WILL WIN.
Says Missouri Official Has Law
on His Side.
Present Scandal Will Result in
New Regulations.
TANDIVER WILL WIN.

New Regulations.
Web RfcNaIl, formerly insurance sup
erfntendent of the state of Kansas, and
who, since his return to the Republi-
can party, is talked of for another
term. is in Topeka today working on
the preparation of a Modern vVoodmen
brief for the supreme court, disagrees 4
with Insurance Superintendent c. II.
Luling very radically on the insurance
disturbance now in progress.
AS nearly as can figure out from
what Mr.. Luling says" said Mr.. Nall,
1T was perfectly proper for the Off
cials of that New York Life to pay
900 to the Republican campaign
fund because it cost the policyholders 4
only 23s cents apiece. I certainly dis
agree with Mr.. Luling. The only way
in which Mr.. Mccall could contribute
legitimately to that fund was out. of
his personal resources. He would have
no more right to take money belonging
to the policy holders for this purpose
than Mr. Lulng would have to take
money collected by his department for
the state to pay the expenses of the
Republican state central committee.
Superintendent Vandiver, of Mis-
souri,, is on the right track, and he
viii win, in spite of what Mr. LuIing
says. You can be assured. that Mr..
NandiVer II not serve his notice on
Mr.. Mccall without the full knowledge
and consent of Governor Folk, and
Governor Folk viii back him I'D to the.
limit. Mccall viii have to comply with
Vandiver's demand and restore that
money to the funds which he diverted
for compaign purposes, or there will be
trouble for him.
THE result of this investigation
which is being made in New York will
be the exposure of all the Illegal ac-
tons of the officers of big insurance
concerns, and the passage of laws cal
culated to stop such improper actions
in the future. There will probably be
a law to fix a limit on the salaries to
be paid to the insurance officials.
There ought also to be a law provid-
ing for distribution every five years,
of the surplus funds of the companies.
All this surplus belongs to the policy
holders. 1t does not belong to the Of
fcials, and they have no right to use
it for speculative purposes. The Off
Gals have no right to squander this
fund as they have been doing.
Il do not advise people who have
policies in these companies to throw
them over. They will come out all
right. They will be worth more IN
the future than they have been in the
past provided new laws are passed
/ This exposure will enable the policy
holders to get what belongs to them.
s'In Kansas I think there viii GER
] tainly be new laws enacted for the pro-
/ lection of spolicyhOlders. What they can
do in the way of passing new laws
| back in New York we can certainly do
h ere in Kansas. I think that there viii
/ also be a movement by a number OF
states to block the plan proposed by
| President Roosevelt for government
/ supervision of insurance companies.
| The fact that the insurance companies
are all in favor of such a move shows
] 81 lea -lxy better
watch out. The insurance companies
don't favor a thing unless they can
figure some profit out of it.
1.-THE effect of government control
would be to shut off large amount of
/ income which the state now has from
/ insurance companies The state col
/ lects a ? per cent tax for the benefit of
the hremanS fund; a fund winch IS
distributed to the various cities and is
used in part to pay the premiums on
| accident insurance for the hremen-
| The towns of the state do not want
the income of this fund shut off, and
! they Will fight the adoption of govern
ment control. The state also collects
| over 100000 a year on the and
/ per cent tax on the business of all the
/ companies in the state. This saves
| the taxpayers just that amount and is
a good thing for the state to hang
on to.
Government control is not such a
! glittering success as it might be. You
people here in Topeka have an example
of it down here at the First National
/ bank That is a concern under gov
eminent control and it did not prove
entirely satisfactory to the depositors,
I believe. Probably the same condi-
/ ton might exist under government
/ control of insurance companies.
/ Asked concerning the report that he
may be a candidate for state superin-
/ tendent of insurance to succeed Mr..
Luling, Mr.. McNall said:
! ct have never said I would be a can
didate."
Concerning the progress of the re-
construction of the Central Branch by
the Missouri Pacific from Lenora to
Downs, Mr. McNall said:
They are laying second hand rails
/ from some other part of the road on
the same old rotten ties. They are
working now about fourteen miles west
of Downs. The iron is scattered to
within two and one-half miles of Gay
lord. They seem to be waiting for
winter to shut down and stop the
| work"
'How did you get hold of those train
orders giving information about the
bad places in the track % was asked
THE trainmen lost them" said Nc
Nall. ct have four of those orders in
possession and they viii make very
interesting evidence sometime per
haps.
Low One Way Rates.