Bisbee daily review., 1910-12-29
tcontinuea from yesterday.)
 Insurance Department.

uto it&t~tA to tt4tS ctltS, SIdtts tn2t there are at present 112 insurance lcompanies authorized to transact business in the territory, of which s7 are fire insurance companies, 22 life insurance companies, 16 miscellane- GUS insurance compan es. and 2 un- derwriting agencies. This shows gein of six companies during the fis- cal year, of which there were fire, l life, and 1 underwriting companies. 1 The premium receipts collected by the various companies doing business fin the territory during the year cad ed December 31, 1909. aggregated sI.7o1,s72.o7, a gain of si6o.05o.35 over the previous year
 I In compliance with the insurance jaws of the territory, a tax of ? per cent was levied on this ans1unt by the secretary. This tax afnoaotsd to ss4 4,0s7.32. which was ss200.ss in ex- cess of the amount collected during the previous year. This amount was covered into the territorial treasury and placed to the credit of the school fund.
 In addition to the'asuranee com panies. there are 13 surety and bonding companies entered in the ter ritory. The law requires that all companies of this nature must file with the governor quarterly financial statements showing their assets and liabilities. On account of the un- satisfactory show ng of this state ment. the license of the Globe Surety and Bonding company was revoked in May, 1910. but all other statements disclose satisfactory financial stand ing and profitable business.
 iacorporstions.
 For the year ended June 90, 1910, the fees received by the territory through tn office of the territorial au- ditor from organizers of corporations famounted to s42,772.3o. as against s41 ,3o7.so for the previous year. | Taxation.
 The assessed valuation Of taxable property of the territory for the. year 1910 shows an increase over the previous year of $3.442, ,163.79. This very satisfactory condition made it possible for the board of eQualiza- jtion to lower the tax rate from 80 to 70 cents on each sl0o of assessed values.
 While there has been a compara- lively small increase in the assessed valuation of mining property, due pr ncipalIy to the uncertainty of the metal market. all other classes of property show a marked increase, and the immigration and naturalization of aliens. and much of the secretary's report is devoted to that subject
 One Of the hardships of the present immigration laws, Secretary Nagel be- lieves, is the separation of fam lies. In many instances a father is admit ted and his wife and children are barred out after the pioneer has made a home. The secretary be-
 
 could be found, and says he assumes it is the purpose of the law to keep families together and not to separate them. The secretary suggests that some system by which inquiry should be amde about the famoilies of i'm migrants before fathers and sons are admitted, should be put into practice
 Secretary Nagel refers briefly to violations of the white slave law and declares that immigration officials are able to cope with only fraction of the violations. IT the traffic is to be stamped out, he says, the state and municipalities must take more active interest.
 Promotion of employees by merit and not entirely by scholastic exam ination is treated at length by Sec retary Nagel, who believes scholastic examinations may be proper when an applicant enters the government ser vice. The cond tions within the ser vice, however, he thinks. call for an entirely different test for pro motion
 Secretary Sagel puts himself on record in favor of some sort of super annuation or retirement for clerks He believes compulsory retirement for age or disability would be an economical measure for the govern ment and expresses the opinion that if salar'es of clerks ar to remain as they are. the government can afford to provide straight pensions without contribution from employees.
 Tbe work of the bureau of cor lporstions has been highly important during the year, and probably this month a comprehensive report on its' srve~tfgstion of the lumber industry will be completed. The bureau nv has under way investigations of tbe International Harvester comDany. tk