Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1906-01-24
Madison, Jan. 16.

thorough and complete investigation
If life insurance that can be made
and one in which the people will have
full confidence. No other wolld be
satisfactory or anything but farce.
1t will necessarily take a long time
and entail quite an expense, but We
believe the people will be satisfied
with the investment" So spoke
Senator Roehr Of the special legisia.
tive insurance Investigating commit
tee, appointed at The recent special
session of the legislature to look into
the subject of life insurance in Wis
consin. The committee met for the
first time in the capitol yesterday
and organized by electing Senator
FTear as chairman and Assemblyman
Ekern secretary. Other preliminar-
les to organization and investigation
were made and after the session to-
day an adjournment will be taken for
about two weeks. When all details
have been arranged the investigation
will be carried on from Milwaukee
The committee yesterday afternoon
listened to remarks by Insurance
Commissioner Zeno NJ. Host, G. H
Mccarthy, legislative staristician; n.
P Haugen of the state tax commits
sion and L.. A. Anderson, actuary Of
the tax commission, It was decid-
ed to employ Mr.. Anderson as assist
ant actuary ard Mr. Mccarthy was
engaged to prepare drafts of all
1, e. r1p.+i TON,
of insurance. He will be given all
help necessary but the committee at
present will employ no attorney.
There are three lawyers on the com
mittee
There are only two old line life
companies in Wisconsin, the North
western Mutual of Milwaukee and the
Wisconsin Life of Madison, and both
will be investigated.
Will Go to New York.
A subcommittee of the Wisconsin
life insurance investigation commit
tee will go to New York to confer
with the Armstrong committee that
has held the investigation of the same
subject in that state. This was de-
ter1nined upon last night and The com
mittee was constituted, composed OF
Senators Frear and PJehr and Assem-
blyman Ekern 14-se three win IA
miliarize themselves with the work
done in New York, the methods EN-
ployod ana the important matters to
seek in the Wisconsin investigation,
and returning VIII be able to give the
Wisconsin committee the benefit of
inc valuable experience Of the New
Workers.
The trip 70 New York is to be
made as soon as possible, within the
next two weeks, so that the sub-com-
mittee can report when the whole
committee of seven reconvenes at
Madison.
1t was also determined last night to
have another subcommittee make
preliminary investigation OF the sub
ject of fraternal insurance concerns,
and report to the full committee on
the ACCESSIBILITY of extending the in
vestigation to these orders. This
committee is composed Of Assembly
men Braddock and Beedle and Senat-
or Rummel. They will formulate
their report while the other sub-com-
mittee is on the trip to New York.
For the purpose Of having the eX-
penses of the committee scrutinized
and accounted, an auditing committee
of Assemblymen Beedle and Potter
and Senator Roehr was appointed toI
which all claims will be sent before
action by the full committee.
Pay Assistant S275 Month.
L. A. Anderson, actuary for the
state tax commission, was hired as
consulting actuary and assistant sec
rotary, AMI his salary fixe' at 1915
per month, out of which ne must pay
al Of his own expenses while in the
state. He was excused by the tax
commission during the progress oil
The insurance investigation, so that
he will not draw two salaries from the
state at the same time
May Look into Fraternals.
The committee may also look into
fyaternal companies, Of which there
diH 10 LiL TIE oltLE NllAtI AOCG- laws. !
The feeling is that they are assess
Ing the members enough to get the
reserve necessary To meet their obi
gators
The officials Of the Northwestern
Mutual affect to welcome the probe.
The door is open any time you wish
y come" said an official II is con
hd5-tlv expected that the investiga-
tio1 Wal not reveal scandals compar.
ing in aty degree with those IN
1rthed in New York. insurance
y 9missioner Host gave the company
tar p bill Of health when investigat
- last winter. However. tba
a1r.;ns made that the custom of
- eHo'uous salaries recently has
W VI Oesin11g to grow in the bip
~, ~ ,'o"'s'h @upany, after the exam
pie set in the east The 90 corr rlan
VIII have an immense masr Of deta,l
TO arrange. Vi ue'dii
All Member. Present
The committee met n the Office =,