The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-03-05
RO[N||E:
INSURANCE
MEASURE
IN H(NJSE:

Assessment life insurance won n
pronounced victory M the house yes.
lerday afternoon when thar body de.
cidea BY 8 heavy vote TO Insert IN
the Roiaie Insurance bill commlt
tce amendment uuder which these
companies are permitted TO da bust.
ness within the state
During large portion OF the day
The house WIS Ia committee OF TIE
whole With Ratllf. OF PcnlOioc IN
the chair while the mossnfe was be.
Ing considered. Bnrnotte led The fore
cs OF The liberals IN the fght aud
when u was all summed up It was
ipun,l that be aad conducted them
to = safe position
The Bill originally aid no, provide
for The admission Of these compan.
los and ihe Insurance committee in
The house prepared new section
tsectlon 4fal which they asked be
inserted u WAS efer this section,
admitting such companies, lhnt the
tEli oi no day wns wagea
Eafnette WAS speaking when the
committee rose during tnc mornlng
and be held tue fiaor when he Ques
tlon came nh during the aite.aoon.
He again spoke i favor OF admit
ting Assessment companies. stating
ihf ihey We're cheaper ,han uther
companies and just as good u was
rank class legislation 10 keen them
out OF ihe state.
Shearer state That he had repre-
sontcd llfe Insurance companies for
many years. particularly tho Modern
Wo.dmen While long representa-
live for iratefna insurance compan-
les he believed thcre wac room
enough for an and that every man,
should be allowed 10 insure Ia what
over class of company he thought
best ne was warmly for the amend
meni.
l1well made his strongest effort Of
the session en- this BILL he stated
that the old l.ne companies mase
no effort 10 drive ont fratornal com.
panles. While he represented no com
patty Of any nerHcular class OF lns
surance. he wanted 10 see 10 a that
The people had only that which was
hesl ana safest lie seemed % think
taat this was iAe "old limo" aurt
The Bankers Life, gt Des Moines,
Iowa. Is perhaps the CHIEF company
that Is seeking admission 70 Do busl-
ness IN the stsio unacr This amend.
mont end opponents OF the new sec.
l,en made It special target fes
their Shafts af opposition
Companies Of this nature we're ml
upl Of business tn Oklahonle ThWl.
q M unaer d law passed in Sg9- The
company did business IN old Inaian
Tewllor8 up lo t.ic tlnlc uf slHti
hood. N en- lie Hag 0i Oklahoma
went miu eneei there also lhna shnl
ling ih0m enllfeN oui of the state
NWcl claimed lhat ihis c0mpauF
was rs0lene DTS f3l theirs ard
charged h8t they had unroeistefed
lobbyists here iIn also charged that
lhcY contested and defegiol claims
ON trivial and e9en fraudulent pre-
iensaa lle opposed tnc proposition
70 admlt these c0mpanios en numer.
ous other grounds Lets not nuke
oklahoma 4 dumping ground isr
lhese Cheap grating oompanieg he
sfil ir conclusion
Judge Cook. IA an able argument
mde Rang points 10 favor Of The
assessment companies llo could see
"a reason why the wealthy 'dld line
companies should be given no aela
ali iO themselves ana LOOK 4 shot ct
them for the manner in which they
hal 9rfni ulsef peoples money ln
rish NE. eamAalgn contributions etc
Mccalla presented ne case Of the
Void line companies In most able
mannc He attacked The Bankefa
life people firm 4 number of stand
points. charging they wefe noi cor.
ducted or honest scientific liues Pol
iccs we're niade subject d All the
rules laid Gown IN the bylaws of
ihc association. set these could he
chlnged hy The officers OF me con.
corn without consent OF the insured.