New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-26
INSURANCE BILL FIGHT.
Up IN SENATE TONIGHT.
Measure to Gust Trustees To Be
Made Special Order.
rRv -elsEraph % The Tribun. ]


Albany. March 25.-Debate on the amended bii
II Gust all trustees OF mutual life insurance
companies chartered under the laws Of this state
by November Is, which viii nuify all proxies
collected prior TO September IS. will be made a
special order 81 the Senate tomorrow night
This measure which on Thursday evoked the
first sign Of opposition TO the insurance re-
forms. is being advanced by the Armstrong com
mittee for TWO reasons: 1t is necessary 10 get
# through speedily if it is 10 accomplish the
important results desired from it; and since It
IS 50 important In its effects the companies
81 opposition manifested toward this measure
may be taken as forecasting the opposition
which the other reform bills viii encounter.
This opposition is aliguing itself about the
members of the Armstrong committee expected
IL would Senator Malby, taking the ground Of
conservatism. viii be in the foreground. with
Senator Raines. it is expected. aiding him. Sen
ator McCarren viii work quietly, though not
necessarily less effectively, after his
methods While members Of both houses realize
that vote against the passage Of the insurance
bills might result in personal defeat in the COM
Ing campaign. and many. because Of this, will
be constrained 10 vote right" slight amend
rnents apparently Of no great significance viii
not be renenbered so heavily 10y the voters. and
The legislators know this
The fun weight Of the companies protests
has not been felt here yet In all probability
Il viii be shown plainly tomorrow night, as
was indicated Thursday If this measure
prevails. all the political and financial influences
which they have used ia former years with new
ones generated 10 meet the situation viii be
lined up 10 tone down the bills 10 meet their
views Members Of the Armstrong committee
are preparing ier harder Sight than any one
Meantime the other bills which p sub-oom-
1i-Ifee IS revising Ia New York with the aid OF
mares T.. Hughes and Miles N. Dawson. viii
not reach here for q week or more. from present
lndieations- Senator Armstrong hoped to have
them ready 10 advance toward passage by A pril
r i. but the difficulties have been found to rs
much greater than was expected. The Assem-
ply vi NOT take up The Insurance Committees
hlI Until lt has been disposed Of by the Senate.
40 oimculty in its passage is anticipated.
7 me chief feature IN the Assembly's work this
eek Is likely % be the settlement Of the bank
''6 az Ts'isatloA question. The leaders or the
Assem- bly, are much against the measure per
lnllung The Governor 10 appoint a commission
70 rake up the subject and while pressure
through the Senators who favor the bill may
4uli IL through The present attitude of the more
Influential Assemhlymeu. with the Speaker and
Mr.. Moreaud, majority leader indicates that it
VIII be killed ANY substitute for il viii involve
endless difficulties and fl is not impossible that
The Assembly, having killed the Senate's meas
ure, viii feel that IN IS relieved of all respon-
flbIlty, which, IL believes, rests the heads
Of the Senate Finance Committee
Another important subject ON which the As
FemDly VIII pass this week is the repeal Of the !
mortgage tax. with the substitution therefor of
" pIding lax or one-half OF per cent as pro
posed in The Page-Dowling bill This repeal Of
The existing law is OF much interest in the large
cities. where the allied real estate interests have
been conducting campaign 10 take 1t from the |
statute books. Advocates OF the Page-DOwlng
hilI 20 which the Republican members Of both
houses from New York City are pledged, feel /
that II VIII prevail
The measures providing for recount Of the |
ballots iU New York Citys last election viii 4
come Up in the Assembly this week. The Raines- |
Murphy bill for general recount and Assembly !
man Crattans resolution providing Tor a recount /
tn the Doth Election District Of the 18th District |
in Kings 20 settle a contest will De considered.
Assembyman Shanahan's bin preventing hold |
fI.g companies FOR railroad stock. aimed at the /
Reluout-Ryau merger wifi be mp FOR final pas
Sage bv The Assembly IN The Senate bill |
whose course has excited much comment from
the political considerations attaching 10 1.-THE /
Cray bill proI0uguE the life o. the franchise for /
rho RhirrcHf-Rhineherk RaiIroad-probably /
viii hs passed.