Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1907-07-18
WISCONSIN LEGISLATURE

WISCONSIN LEGISLATURE
Madison, July S.-Both houses of
the legislature met but were compel.
led to adjourn until this morning for
lack of a quorum. Some business of a
perfunctory nature was disposed of
but as soon as more important or con.
troverted measures requiring a roll
call were reached on the calendar the
absence of quorum became evident.
The assembly started out to transact
business with vim that stopped
short when the senate resolution call.
Ing on the capitol commission to in.
vestigate the feasibility of extending
the capitol park came up. Mr.. Elver
was strenuous in his opposition to a
motion to noncontdr in the resolu.
ton and demanded roll call. The
roll cal showed only Al members
present in the lower house and ad.
journment followed.
Madison July 9.-The voting on the
insurance bills placed the senate on
record in favor of some of the most
important of the insurance bills. Sen.
4, ator Owen offered an amendment
which abolished proxies altogether In
brief the senate, so far as insurance
/, legislation is concerned, went on
record for:
l. The abolition of the proxie sys.
tenn in mutual life insurance com.
panies' elections, and provisions for
/ the protection of non-administration
tickets in such, elections by the aid
to such tickets by cumulative sys-
tenn of voting and with the oppor-
tunity given the policyholders support.
ing independent tickets to have lists
+, of the policy-holders of the company
for use in their campaigns.
|, Q. Limitations expense SO that
not more than one-third OF the prem
ium of policies can be used for ex-
pense.
8. Limitations of loading to con-
form with expense limitations.
4. Limitations on the amount that
can be paid as compensation to any
life insurance officer to $4,000 a
year.
| 5. Provision that an accounting
must be made by all companies which
have written deferred dividend bust
ness to policy-holders holding semi
tontine contracts.
&c. Providing for the annual appor-
/ tionment and distribution of the sur
plus.
providing standard provisions for all
policies were defeated. Incidentally
the senate concurred in the Ingram
taxation bill which provides for the
taxation of the Northwestern Mutual
Life Insurance company upon its re-
serve.
| After listening to three hours of
. discussion on the proposed stock and
bonds bill. intended to prevent the
watering of stock by public service
corporations, the senate adjourned
without taking action. Senator Fair
clild's bill to prohibit stock companies
/ from acting as agents or solicitors
+, for life insurance companies was con
Cured in by the assembly. The sub
-. stitute for the Sanborn bill to re-
, strain persons interested in certain
enterprises from holding county, town
or village Offices was concurred in.
The Sanborn bill to raise the speed
| limit for trains in cities and villages
from to IL miles was concurred In
after strenuous objection by Assem-
lblyman Hughes. The law relating
to damages for injuries against a
railroad corporation for having failed
to comply with statutory require
ments Is also to be changed accord.
| ing to the Whitehead bill concurred
in by the assembly. The old fine
for violation was from $50 to $500;
the new law establishes a minimum
of $40 and maximum Of 81 900 with
a provision that no more than $4,000
can be collected in arrears IN for.
FIXTURES. BY a unanimous vote, 50
TO 0, the assembly refused to pass
over the governors veto the bill
which provided that statutes shall
have no effect upon actions or pro
ceedings pending at the time of their
passage. The governor had stamped
this piece Of legislation as vicious