Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-01-09
GEMS MESSAGE DEALS WITH MANY SUBJECTS


~ investigated. Any evidence OF wrong
doing in the former. or failure 10 OBJ
serve correct principles i'm the latter
should he at once made public.
IN Disbursements by life insur-
ance companies should be regulated
| by law requiring that in all cases
| where tie disbursement equals or eN-
! cecds $1,000, the same shall bc evil
denced by Il voucher, duly signed and
correctly describing consideration for
, the payment.
(ol There should he a provision
added TO the insurance law requiring
that company Of another state should
have the same deposit in it's own state
| that is required of our own companies
, here and evidence the same by Ger
, tifcatc from the insurance official Of
( its own state. and that foreign life
insurance company should have q like
amount on deposit in some one Of the
states of the United States in which
| it is now doing business.
pb 4 law to prohibit the issuance
of non-participating policies by certain
I life iSSurance companies, and which
prevents company from doing both a
! participating ana non-participating
business would seem to he good
measure.
Industrial Insurance Commission.
The law emcted at the last session
Of the general assembly. creating the
Industrial insurance commission, made
il the duty Of the commission 10 offer
a law embOdying the principle OF in
dustrial insurance: i'm other words,
law providing compensation for work
ingmcn injured in the course Of their
employment
in its investigation OF the subject,
the commission has considered three
plans: Ist. To define the liability
law Of negligence in statute making
it more drastic 2nd. To introduce
the principle Of requiring employers
to pay compensation to injured en-
ploycs. 3rd To offer bill embody-
ing the principle Of industrial insur-
ance The commission has unani-
mously determined TO recommend the
last.
Banking.
There has been Of late n general
demand for the more extended super
vision of the banking business by the
state. This has arisen from rec
oguitiOn OF the fact that because Of
the peculiarly intimate relation Of that
business TO all other forms Of indus
try. its proper conduct is n matter OF
the greatest public consequence and
concern. Because Of this intimacy OF
relation. the law regards the business
of banking rs impressed with public
use and therefore subject TO the CON
troll of the state.
With scarcely an exception, the
bank failures i'm this state have been
caused 10y departure from sound bank
ing principles by those who have in
vested the funds i'm their care in. or
loaned them to unsound or speculative
enterprises.
The banking institutions OF our
state, as a whole. are conservatiyely
managed. and this great business i'm
which the public has so deep an in
terost should not he subject at all
times TO injury by those who violate
the safe rules of tie banking business
or who commit crimes. The state
should make most rigid inspection
Of the institutions engaged, i'm this
business. not with view of interfcr-
ing with or impairing the conduct or
sound business institutions. but 10 pro
vent the unSound conduct Of business.
All those who invite the public con
fdonce as custodinns Of funds should
be rigidly inspected by the state.
] have boon Informed that the Bank
crs' association will recommend some
changes I'm the banking law with n
view To bringing about a more rigid
inspection of the banking business.
suggest that a careful examination Of
the remedies proposed be made 10 the
end that every sensible rule which can
be suggested and which viii tomb 10
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