New-York tribune., 1906-05-19

Senator Armstrong expressed himself as much
tDlessed with the arIount OF work that had been
accomplished within the bounds Of the 100000 ap-
propriation. He said It compared more than favor
kably with the cost Of the gas investigating COM
r1aittee. which sat for only three weeks while his
tcommittee had actually sat for four months He
Added:
II IS an unusual thing to issue an itemized ac-
count OF the expenses OF legislative investigating
committee. but wish the taxpayers Of the State
kof New York to have the satisfaction of knowing
(. And lest some detractor should state that we
saaye exceeded e our authority in expanding more
1ature and before the final appropriation 100000
aay dOnrsG das lake only R & 5af g. E haze 9s
investigation had begun and It vas found that we
swere required to exceed the amount first author
szed we went at once once to Governor Higgins who
1he would pay any additional expense from his own
lpocket BY a special arrangement We saved over
@u,O0 on our stenographers alone
At noon group picture of the committee the
counsel. accountants and sergeants-at-arTns was
faken at a Fifth studio. The only outsider
at the dinner last night Lafayette Gleason.
clerk Of the Senate, in whose fathers Office IN Delhi
mr.. Hughes studied law. The dinner was held at
sIhe Hamilton Club, at the invitation of Mr.. Nc
Keen its president.
No insurance oficial would allow himself to be
quoted directly the recommendation of Gov
ernor Blanchard Of Louisiana 20 the Legislature
that it pass law compelling every insurance com
rany doing business in the 20 invest IN Louis-
ana property or loan on policies of citizens Of that
state an amount equal 10 the legal reserve the
policies Of Louisiana people. The general opin-
.on was. however. that law Of that kind would
make il necessary for the big New York COM
4 ranies withdraw from the state The Mutual
stopped doing business in Prussia several years ago
or account OF a similar law. and OF the OBJ
jects Of Emory McCEntock vice-president of the
Mutual. in going abroad next week IS TO try to
persuade the French government 70 modify similar
restrictions. One official said:
cause US lot Of trouble not to say anything about
the way it would reduce the earning ability of our
invest our funds & 70 such good adyantage in Logis-
states do not believe tfat the c governor Of
louisiana viii be able TO force the passage Of such
a Law.
It was said yesterday that in the past the Mutual
tnlad not paid such large commissions the New
fYork Life and the Equitable and that in turn the
zDremiums on their policies, a majority of them,
had been lower. Within two three months the
kngencies committee viii be called to pass on
1he advisability OF raising the premium rates TO
snRle them uniform with those Of the other COM
epanies of the big three. For instance. was
pointed out that on IN ordinary payment life at the
end s54 SB In the New York Life and the Eauitable
a twenty payment life in the Mutual costs the
sBy raising the rates the Mutual will be able to
81 s1Gn oS ,1 IS 70 oe5 s . agents t as VII
had lost any agents TO other companies. The large
gone into Other lines Of business s because they
Fhaye not been able to make living in insurance
Ii The supervisors Of agencies of the New York
4fJAHe ended their conferences at the home offices
yesterday. Nice-Presidents Thomas A Buckner
thnd Darwin P. Kingsley addressed them in the af-
kfeEnoon ana urged them TO make every effort to
fTi1g the business for the remainder OF the year
so that the entire year would compare favoraby
~sviGh that of previous years.
Il The international Policyholders' Association Is
sending out hundreds OF thousands OF circular let
6ers 70 polcyhoders IN all parts Of the world, in
fcioslng card asking them to check of the com
spanIes in which they hold policies. These cards
Enre be returned. and will be kept in index
kTbe committee, which now has one hundred thou
sEand policyolders actively interested in its work
sntends not only 10 take active part IN insurance
kelectiOns this year, but also in years 10 come.
Il is said that some OF the actuaries of companies
AOuteide OF this state who have been attending the
annual meeting Of the Actuarial Society of America
s8Or two days have declared that their companies
,snight withdraw from this state q result OF the
new laws. They say 1t Will be profitable to
ssdeRote their efforts TO other states.
District Attorney Jerome did not go to Lakeville
bns is his custom Friday. He spent the day ex-
tAmining documents OF the Mutual Life, and win
continue that work IN the Criminal Courts Building
lao-day.
Henry p. Yelte, counsel for Andrew c. Fields said
sgestefoay thaL his client had had relapse. and
Essaen ne would oe able TO appear before the grand
t3lFy was uncertain.