The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-23

to any person in connection with loans
or purchases or sales of any property,
giving the dates or payment ana the name
of the payees.
s. A statement of all payments for legal
expenses, giving dates and names and
addresses of the payees-
Z A statement of all moneys expended
in connection with matters of legislation,
giving the dates, the legislative measure
or proceeding in connection with the pay
ment made, the interest Of the company
therein, the amounts of the payments and
the names and addresses of the payees.
s. A statement Of the officers and d.
rectors of the proceedings at the last an
nual election. giving the names Of can
didates and the name of votes cast for
each, and whether in person, by proxy
or by mail
9. A statement of all the compensation
and emoluments received by any officer
or director of the company or by any
person whose compensation is more than
5000 year with a statement Of the
time when and the authority by which
the same was fixed
To- A statement of the largest balance
carried in each bank or trust company
during each month of the year
IL All death claims resisted or COM
promised during the year, with parucu,
lars as to sums insured, sums paid and
reasons assigned for resisting or compro-
missing the same in each case.
IL A complete statement of the profits
and losses upon the business transacted
during the year, and the sources of such
gains or losses; and a statement show
ing separately the margins upon pre-
miumS for the first year of insurance.
IL. A statement separately showing the
amount Of the gains of the company for
the year attributable to policies written
after Dec 81, 1906
IL A statement showing the rates of
annual dividends declared during the
years, for all plans of insurance and all
durations and for all ages, at entry q.
which such dividends have been calcu-
lated
10 A statement showing the rates of
dividends declared on deferred dividend
policies completing their dividend peri
DDS, for all plans of insurance, and the
precise method by which such dividends
have been calculated.
16 A statement showing any and all
amounts set apart or Professionally as
certained or calculated or held awaiting
apportionment on policies with dividend
periods longer than one year, for all
plans Of insurance and all durations and
for ages Of entry as aforesaid together
with a precise statement Of the meth
DDS of calculation by which the same
nave been previously or otherwise deter
mined.
II. A statement of any and of all re-
serve or surplus funds held by the COM
claimed respectively to be held.
Penalties.
Of the law should be made a misde-
meanOr. The provisions of the penal
code as to perjury should be amended
so as to provide that in any prosecution
the falsity of the testimony or the state
ment set forth in the Indictment should
be presumptively established by proof
that the defendant has made oath to the
contrary The provisions of the penal
code as to misconduct of offices and en-
pIoyes of corporations should be amended
to make clearer provision for cases of
false entries in books and accounts and
the omission from the reports of any
matter required by law to be stated.
Apart from which has already been
suggested, the committee is not prepared
to make recommendations with reference
TO industrial institutions further than to
say that the subject is one deserving of
special investigation. The most serious
evils which have been disclosed by this
inquiry, tO-wit:
The excessive premiums, the enormous
lapsed rate and the haTdships of the
agents, seem to be inherent in the sys-
TEN. 1t is insisted that the present
method is the most economical that has
been proved to be adequate to the ext
gencies of the business
The alternative seems to be presented
either of prohibiting altogether industrial
institutions by private corporations,
or Of permitting their continuance sub
stantially upon the present basis, subject
to those regulations designed to secure
economical administration applicable to
all companies alike.
The committee takes up the state in
surance department, recommends that
further powers be conferred upon the in
surance department and then says:
Most of the evils which have been
disclosed by the investigation would have
been impossible had there been a Wig
Crou5 performance Of the duties already
laid upon the department, a vigiant
watchfulness in the interest of policy
holders and a courageous exercise of the
mowers v fich the statute conferred -