The Providence news. (Providence [R.I.]) 1891-1906, 1906-02-22
INSURANCE REPORT
SCORES MANAGEMENT
CONTINUED from page Four

Continued from page Four)
The legislature should free itself from
progress OF measures affecting important
events. The laws against bribery and
corruption. offenses which are dinicult OF
proof. are sufficiently stringent. but an
effort should be made TO strike at tho root
OF the evil by requiring under proper
penalties full publicity with regard TO
moneys expended In connection with mat
ter before the legislature
Corporations should be required 10 keep
accounts and vouchers, In which all such
payments should be fully accounted for
and receipted for and an adequate
statement should form a part OF such re-
port as may be required
Professional services In promoting legis-
lation may be entirely honorable and are
frequently necessary. In Massachusetts,
and in Wisconsin statutes have been
passed requiring that parsons who profes-
sionaliy advocate or oppose legislation az
fecting corporate interests should enter
regular appearances and disclose for what
clients they are acting. Similar statutes
are recommended by the committee. with
a number OF suggestions.
.hrees contingent upon Iegislstiye action
duty OF every corporation and association
doing business within the state. within
two months after the adjournment of the
legislature. TO file with the secretary OF
state an itemized statement of expenses
paid or Incurred In connection with legls-
lation pending al the last session, lnolud-
ing all disbursements or compensation
Exception may be made OF the duly ac-
credited counsel of municipalities. public
boards and public institutions and also
of the ordinary professional services I'm
drafting bills or advising clients as 10 tho
construction and effect OF proposed or
pending legislation where the professional
service II not otherwise connected with
legislative action.
Violation OF tho law should be made
misdemeanor, and the failure 20 file the
statement required should subject the Of
fender 20 appropriate penalties.
on EXPENSES
The committee deems Il inadvlsable 10
recommend that the legislature attempt
20 prescribe the expenditures OF insurance
corporations. The Legislature cannot
undertake the management OF tho busi-
ness. In seeking 10 secure economical
bdministratlon II should not overstep tho
line which divides suitable state slper-
vision from an utterly impracticable effort
20 prescribe details The Legislature
should aim TO permit freedom Of manage
s..~t subject TO general regulations and
complete publicity.
For example. u Is deemed unwise IN
limit salaries by statute. but 70 should be
provided that all salaries of officers and
the compensation Of any other person re-
ceivinR over a certain amount say 5000
In any year should be fixed by tho board
OF directors and not by any committee
thereof or by any executive officer and
should be reported in the annual state.
nent 20 the superintendent OF insurance
a PUBLIC HEARING.
The net result of ali discussion IN both
houses I'm connection with tho Introduction
IN ti1s legislature today " me reports
and bills of the Joint special life insurance
Investigating committee that there viii
be public hearing on the bills before
the Insurance committee on Friday AZ
1l:so a. m IN the assembly chamber.
Meanwhile the bills are IN committee Of
the whole IN the senate and IN the stand
ing committee on Insurance in the AZ.
sembly.