New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-23

es,irs wherever they have touched Albany III pre-
,iops wears and NcCarren. with the weight u
corporation influences behind him. were ule ploiil
nent figures against the bill advocated oS go
Tllllv to-day. Senator Malby took the time non
ra5 Ground Of conservatism" McCarren Just CD
iected Against them were Senator Iully' lot inc
committee and Senator Bracket lhNeEiliis
against THE most colossal loot the world ever say"
The debate was confined practically TO these loui
men. Senator Hinmsn asked a few questions as 10
the advisabiity OF the annulment of proxies ana
Senator Grady put IN a word or two senator 4ullS
gained his point without definite opposition IN 'iIs
specific instance but the debate assumed NHPo'
lance through its unmisakable indication that the
forces which in previous years have been accused
of being totally under the domination Of corporate
influence viii be just active this session IN oe-
fence Of the insurance companies
While defending the Armstrong bills in general
and declaring for radical insurance reforms, Sena
tor Bracket took sharp jab at District Attorney
Jerome
THE District Attorney Of New York may think
it's good service to sit and sleep and dream that
there's no harm and no crime IN campaign CON
trbutions," said he instead of violation Of the
fundamental provisions Of the law and morality
The amended bill provides that all proxies exc
cuted before September 10 instead Of July !, shall
Doe void, and that November 10 the terms of all
trustees Of mutual companies shall end, after which
there shall be election of trustees, half Of
whom shall hold office until 1908; the rest until 1903
This bill, Senator Tully explained, was being
laStencd because eleCUOn or the New AOfk
Life would be held on April Il. 1t had been
amended because it had been thought best not 10
inject half Of a board into a board already
new in 1897.
Senator McCarren at once demanded an explana-
ton Of the entire measure. while Senator Malby,
who was on his feet immediately, began to outline
his attitude after nquiring the dates for elections
passage OF this BILL he announced, "but ] think
there should be great exercised in considering
sr|I r= rfFFr rtrrf
lnfamed because of the disclosures made by the in
y1ers il r7rI5 i IN b.iI no In. III N I5i
euOus criticism of the companies is rife People
don't seem TO consider that every blow at the com
panies really is a blow the poicyholders who
form those companies I'm a pohcyhoIder four or
nEe umes over, ana / don't intend TO bite off my
nose TO spite my face in this fashion 70 suit any
amount OF clamor- The time is ripe for action on
must he grayely considered-nOt precipitately. If
Office this bin provides in my mind most serious
conditions would arise-HtIe short of chaos. All
ator Bracelet i agree tb0rouebIv with hat ME
precisely this plea-has resulted in The most colossal
Ioot the world has ever seen The lime is ri-e for
aclon-but 10 velvet gloves--radical, incisive aC-
ton which knows stealing when 1t sees it, and is
much further than II does-it ought 10 forbid that
Does the Senator believe that such law ever
We'll ii ought TO be-" retorted Senator Bracket
They have been guilty of acts which should debar
company in this state. and an it wants is the official
declaration or the court that they have been 50
guilty, which, please Cod won't be long delayed.
Why, if this conservatism should go there would
De no legislation at all-none worth continental.
Senator Malby is sOlcltOus that go slowly about
taking out these men who have stood for the
wrongs and handing over the companies TO the
pohcyhOlders its owners. ! say We can't be too
prompt or too vigorous"
I hadn't intended 10 furnish the opportunity for
any such spasm or insurance virtue said senator
AIaIby. 7 appreciate the excellent work of the
investigating committee, but I'm not going 10 let
il do my thinking for me. I'm Informed that
are 10 expect amendments TO these bills, which
three weeks ago were guaranteed perfect. It's
Just possible that we may inject a further grain of
sense into them. I've no apologies TO make for the
stand that I've taken
That's just about the pith Of it," retorted Sen
ator Bracket; there are none 70 be made"
The bin advanced 10 third reading and an
understanding was reached that IL is to be spe-
cial order for debate Monday night.
The corresponding bin was reported in the As
sembly by the Committee Insurance, and went
10 the second reading calendar Il received fin
that house without comment.