New-York tribune., 1911-12-14
ISSA|LS WISCONSIN IDEA
uotehkiss Attacks State Insur-
ance Before Convention.
COORDINATION PREFERRED
r. Hegeman Also Speaker at
gathering of Company Heads
al Hotel Astor.

-.,r.s experiment. I'm the realm of
,,spranre. which viii he pat in oper-
rsvt month was held up as a pros
aFH borrible example 70 the country in
- made hv W. T. Hotchldss. state
s.n.rintendent ~ Insurance. at the hiin
o,si convention of the Association OF
insurance Presidents at tho Hotel As
,stsrjav More than GO presidents Of
Insurance companies in an parts Of tec
80 states. as We as the Canadian
.,,..s Of Ontario md Manitoba. were
~ tsv-ote ~ Yesterdays speeches was
.,y,-ous protest against the tendency
,r5 psternaIism and an appeal 10 an
u,,an,ss 70 stand ready 70 adjust their
- 81, the rapidly shifting conditions o.
,,.irsss throughout the country Co
,,.ratior between state governments and
=, roroarios and the enactment ~ uni-
.,rr, state laws governing the insurance
,,s,-ess we're strongly advocated by every
spssker
rohr r.. Hegemsu. president Of tho Met
.,,olitsn Life Insurance Company. made
,bs opening speech following his introduc-
ton as permanent chairman by Lynn Cox.
general counsel Of the association. and
with his veiled reference 10 the state In
sr-sncc plan led up 10 the real attack
launched hv superintendent Hotchkiss.
wr Hotchkiss said I'm part.
WISCONSIN next month inaugurates a
.vstsm whereby the state itself viii grant
pfs insurance and annuities 20 residents.
vss. even 20 strangers within her gates.
without. as vet. however. the obligation
assumed 70 see that the indemnity is paid.
Commissions are ar work in other states
with doubtless similar statutes in view
The growth Of political socialism suggests
more experiments Of the same kind. The
present drift is unmistakable.
--Yyhzt is needed by our people is not the
sshmergeuce Of this great institution in
soyeIacnty. bat the proper coordination Of
Insurance and government. Each should
d. for The other only what each can do bet
to- han the oJhcr. In some things-urder-
writing and adjustment. for instance-in-
turance bv private corporations has been
eminentlv successful The very nature Of
these things makes impossible their eco
nou.c accomplishment through the ordi-
nav processes Of government. These the
raie should. save for helpful supervision,
leave alone But where corporate initiative
has failed the state should coordinate with
IS creatures.
save perhaps, I'm the life deld-sUd here
,re state has already acted-insurauce by
private corporations has not stood the test
Hero therefore, the government has
duty y must lend a hand Indeed while
lsarin- t0 its insurance corporations all
technical and specialized functions and
making u0 effort. save through proper
vstcnfulncss. % interfere with these fac
tors in the rate charged, viii not the state
n the distant future coordinate with cor
rorate insurance and regulate or limit eX-
penses Of an kiudse II it does not the pres
snt drift toward state insurance seems
lkely o. continue. For. whatever be the
ssld. the people viii not long pay for the
Insurance of the future more than such ser
Uce IS rightly worth.
Other speakers during the day were r.
" Potter insurance CumInissiorer Of II
1nos and president of the National lnsur-
anrs Commissioners. T. ID. Gold. of Ea-
leigh y O.. president Of the American Life
Convention. President T.. Goldman. Of the
Canadian Life Insurance Officers Associs-
iion. Of Toronto and Charles jerome "a
wards former president of the National
Association Of Life Underwriters. During
the session tributes were paid % the late
Paul Morton. Grover cleveland and Sena-
io- John r. DRYDEN. Of the Prudential In
mrauce Company The election Of officers
resulted a. follows.
General counsel and manager, Robert
IFnn Cox Ncw York attorney. Alfred
Huren. Now York. sctuarv. John j. Brink
, srhoT New York. executive committee.
Roter. --rr Cox. Jesse r. Clark. Forest
Z DRYDEN. Sylvester g. Dunham Alfred
Z Foster b. o.. Fouse. George ". lde, W
A. Dsy ana Charles p Peabody
The convention will close to-day with OK
ecutve business and speeches by Or. !. a.
Macdonald managing editor Of THE To
rorio Globe" on "The Fraternity " the
Nations President Oscar Dowi'ug Of the
Louisiana Board ~ Health. on "The Cos
pel ~ Health On Wheels Or Luther H.
Gulick, director % the department Of child
hygiene Of the Russell Sage Foundation.
New York. on Increase of Ffcienrv vs..
Increase Of MACHINERY iu the Health
No-eme1t' and President ~. a. Day, Of
IRE tl1i'ahi, Life Assurance Society on
Of Conservation, rf rlfe Insurance