Omaha daily bee., 1906-03-26
NEBRASKA CATTLEMEN HIT
Bill Before Iowa Legislature to Restrict
Bringing in Of Cattle,
DRASTIC MEASURES ON LIFE INSURANCE
Prohibits the Issuance of Deferred
Dividend Policies In that state
House is Wen Along
with Work.
CFrom a stnf corresnondentl

(From a Staff Correspondent
DIES MONIES, March 25.-(Special)-
Representative Shaffer has introduced a bill
in the house that is aimed especially at
Nebraska, Kansas and other states west Of
Iowa. The bill provides that all importa-
tions of cattle into this state for breeding
and dairylng purposes shall be prohibited
unless a certificate accompanies the cattle
signed by a competent person stating that
the cattle are free from tuberculosis and all
other dangerous and infectious disease of
cattle. The enforcement of the bill is
placed on the state veterinarian. Violation
of the act is punishable by a 500 fine or inn
prisonment for thirty days. or both and the
firm or corporation violating the act is LA
BILE for all the damage done. The first two
sections of the bill, which embody the main
provisions. are as follows:
Section l. That the importation OF neat
cattle for breeding and dairy purposes into
this state is hereby prohibited, except when
such cattle are accompanied with a certih-
cate from an inspector whose competency
and reliability are certified to by the au-
thority charged with the control OF do
nestle animals in the state from whence
the cattle cams certifying that said cattle
have been examined and subjected to the
tuberculine test within sixty days next pre-
ceding the date of such Importation, and
are free from disease.
Sec. 2. In lieu of an inspection certificate
as required IN the preceding SeCllOll, CdlNlc
may be detained at suitable stock yards or
other Enclosure within this state nearest
to the state line, on the railroad or high
way over which they are shipped, driven or
hauled, and there examined at the expense
of the owner. or may be shipped or driven
to their destination under quarantine, there
to remain in quarantine until properly eN-
amined at the expense OF the owner, ana
released by the state veterinary surgeon.
Such expense shall be lien upon the cat
tie.
Those pushing the bill assert that it will
have abundance OF support in the house and
will pass.
After Insurance Companies.
Insurance legislation of a character which
the insurance people OF Iowa would call
most drastic and dangerous, but which
seems to meet a popular demand in view OF
recent exposure of bad insurance methods
is in plain sight The house committee on
! insurance. after hearing the representatives
OF Iowa companies and the state auditor
reported to the house bill, purpose OF
/ which is to put an end to the issuance OF
deferred dividend policies, i'm which class
| of policies It is asserted practically all the
! insurance scandal has arisen. This bill is
| practically that which was recommended to
all states by the national conference or IN
sursnce commissioners. 1t has been revised
and perfected by the state auditor and at
! torney general 1t is bill following lines
OF probable new legislation elsewhere. The
first section of the bill makes plain its pur-
pose. as follows
Every old line, legal reserve life in
| surance company doing business in ms
slate which issues participating pohcles
or is conducted upon the mutual plan
shall annually make an appoTuonm.enI,t "a, ano
| ticipa ting policies issued TO residents Oh
this state after January l, 1907, and shail
| notify the holders of each and every such
| policy no issued of his share OF such sur,
! plus or profit on or before the third
anniversary Of his policy and annually
] thereafter For the purpose OF determln'
4 ing each individual policyholder,s share II
the annual Invisible surplus each company
shall ascertain what amount mas DeeI
/ every such policy and the holder thereof
shall he entitled to such proportion OF
/ share of such surplus as shall have beer
Contributed thereto by his policy and wher
/ such share Is ascertained II shall be dls
! tTibuted in accordance with the proyisioni
of section OF this act; pToylded Una
stock companies issuing participating pol
icies shall not from the surplus arising
from the profits upon such policies retair
or pay as dividends TO stockholders q
greater amount than their proportions
share Of per cent semi-annual lnteres
upon the capital stock of such companies
actually paid up in cash.
There is provision for maintaining
reasonable surplus and for ascertaining tn,
divisible surplus and carrying it on tn
books as a liability until paid, then Their
is provision that every policyholder shall
have the right to select either Of the fol
lowing plans for disposal of his share o
the apportioned surplus:
l. To be applied to purchase paid-ul
additions to the policy.
. To be applied in the reduction Of tn
premium.
3 To be paid to the polcyholder I'm cash
T. To remain with the company sub1ec
] ~ no n insured
the same with all denominations thereof
| at any anniversary OF the policy, or 4
he applied to purchase annuities in per
, manent reduction of subsequent premiums
! provided that companies may decline [
| grant either of the options provided for 4
this subdivision Of this section.
These are the main provisions OF tn