New-York tribune., 1906-04-13
PASS FOUR MORE BILLS.
HOUSES WORK TOGETHER.
General Insurance amendment
Measure Through assembly.
LBy Telegraph to The Tribune. !

Albany. April 12.-Four more of the insurance
reform bills were passed by both houses to-day
and will go Immediately to the Governor for his
approval AS a. result of the work to-day the
Assembly has left only one bill to pass-that
defining perjury 1t passed the general bill
amending the insurance law this evening after
bitter discussion in which many amendments
were offered and voted down The Senate still
has this measure to pass. and the perjury bill
Both will be hotly contested.
The four bills sent to the Governor were the
forbidding corporation campaign contribu-
tions against lobbying. permitting policyholder
to become a director without owning stock in
insurance company and penalizing mlscon-
duct of officials of companies in intentionally
emitting essential parts of reports and state
ments. OF these. the lobbying bill and that
against the misconduct of officials were Assem-
bly, bills which the Senate passed. The others
were Senate bills which, sent Immediately to the
Assembly, were concurred in and rushed to the
Executive Chamber.
Most of a seven hour session Of the lower
house was devoted to attempts by half dozen
Republican Assemblymen 10 amend the big
bill" More opposition than had been expected
developed.
Assemblyman Cox. Of the Armstrong commit
tee. put forth the principal amendment and
been opposed from the start TO the section of the
bill which prohibits the formation OF new
sessment companies I'm this state and forbids
new foreign assessment companies TO do busi-
ness here Mr.. Cox's amendment struck out
this section.
Mr.. COX'S PLEA.
In vigorous plea for the change. he charged
that Senator Armstrong was lobbying the
Of ba in ha int 0F he
He said that in legislating against the as
sessment companies the Armstrong committee
had evidence to warrant the action 1T took
The committee, he said, had not investigated
the Masonic Relief Association of Buffalo.
assessment company which asked the committee
to examine its affairs to prove that it just
cheap and trustworthy any other tnsur-
ance company Assemblyman Rogers admitted
this. but added that the committees action
against assessment companies was taken on the
principle that they could not be operated on a
basis of equity. Mr., WempIe another merb Der
of the Armstrong committee. declared that ex-
animation of the Empire Security and the Nut
uaI Reserve companies showed plainly that this
kind of insurance was not safe.
After three hours debate the Cox amend
ment was beaten by a vote of 50 to 35
Assemblyman Hammond then offered
amendment favored by Francis G. Hendricks,
Superintendent OF Insurance. extending until th,
end of 1907 the time in which foreign companies
may conform their contracts with agents in this
state TO the insurance law amendments As
semblvmen Merritt and Fish led the fight for
this amendment. declaring that great expense
,rorId he entailed if these companies did not
have time to adjust their outstanding contracts.
The amendment was as decsively beaten as the
orber,and similar action was taken on change
In by
might receive commissions on premiums up TO
fourteen years instead of nine.
MOVES TO LIMIT SALARIES.
Then Mr.. Palmer minority leader, came for
ward with his proposition 20 limit the salaries Of.
life insurance company presidents 10 SSV'ooV
wear and other officers to $4,000
III Won paw them more than that you are TAX
,,,,- more money for salaries out of the policy
holders OF a company than the President re-
ceives from all the people of the United states
said Mr. Palmer. Moreover IL you permit
$3.50 600 salaries how are you to know that part
NJ them is not understood to be used as cam
naisn contributions or for legislative juggling"
,T,o ,,,,,oritv stood with It's leader in favor OF
+bIs amendment. but it was lost by a vote Of
81 TO 20.
In the vote on the original bill even Assem-
r,vrnen Cox and Merritt, who had offered the
most opposition. fell into line, and the measure
was put through unanimously
There was no debate in the Senate on the four
hu,s II passed. and only one Of them aroused
a,v comment. That was the bill designed to
keep out the lobby Senator Marks offered two
amendments TO this. trying TO incorporate in II
the principles of the Massachusetts statute on
that subject which, also. he had embodied In
his bin introduced at the beginning OF the ses-
sion. which has been sidetracked ever since
The important amendment was one making d.
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