davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27
FJteenthIs maintenance of present Texas insurance
lows desirable from standpoint Of Texas conpanicsf
So Dhy' It not why9 Is maintenance of same lato
desirable from standpoint Of outside companies IF So
Dhy2 If not, why2

The laws force this governing the formation
and control OF home with great
1t follows closely the Armstrong
years IN New York As matter of fact
most modern and thought The forms
that policies take is controlled Forfeitures on account of
ases dealt with and the policy holder this way protected
against injustice The character of may be made
fixed Determinations forbidden Departmental super
vision provided for While would be mpracable to under
take all Of features speaking
said safeguard the business with all of that te
advanced thought of the day demands subject to crit
of the fact that truth imposes an ex
home companies The commands
have dsproporionatey compared with
the tax that outside would pre-
receipts We do think that present at least this
law should be experimental with The companies have
BEEN and think will prosper it. and in time
become strong and helpful factors in the of state
We fair objection that by the outside
companies the Robertson BILL which their con-
troll The tax put upon them larger than the average tax
imposed outside companies by the other states there
has been nab advanced against
requirement that they be compelled invest por
ton of the money collected from the citizens state Those
of them that have fairly Investigated the subject they
safe investments here elsewhere
here statement from the president of the Pittsburgh
Trust Company, doing large business in Texas:
Pittsburg Pa March l. 1912
In to your inquiry the
bugh Life and Trust Company invested state would
that this company qualified business
the of the Robertson law and
than half million dollars in first mortgages has
the company the charge
ments satisfactory far and have made and still making
dona loans notwithstanding the fact that have already
piled with the law
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27
/ History and Discussion Of The Results Of The
Operation of the Robertson Law

With Judge Robrtson full approval the and
eliminated the deposit feature from the law.
There question but that the of tie Robertson
law did drive many foreign insurance companies out OF this
state in the OF soliciting insurance this but your let
stated that the effect OF this destroy Of cheap
money Texans
IF you will investigate the of money loaned or
invested this by life insurance companies prior the en-
actmen of the Robertson law and with the very large
investments made since that think you will be as
founded the figures To my mind they suggest that instead OF
the Robertson law depvng Of opportunity secure money
in the development OF this the opposite is
Z, cept section which related taxation and which was
superseded by passed called session of the same egs
ture and already quoted herein the following copy the
Robertson law 1t will be that shorn of the features
urged Objectionable by the q outside companies that wthdra"
from Texas at tn time the law enacted
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27
Surdnce companies?

companies the objectionable
policies on the lives of Texans part of fixed
public policy | father Of this idea in Texas |
had speeches which extensively published ad
vocang Of this kind Judge Robertson took the idea and
original legislation upon subject initiated in bill which he
introduced put through therefore the law bears his
did agree with the deposit features of the Robertson law but
hearty with the principle Of requiring insurance
panes to make this investment.
The passed in 1907 In 900 the deposit
feature that repealed bill known house bill No.
approved April substantially repealed the whole Rob
bill re-enacted certain features Of and especially
investment The feature provision
which OF the insurance companies have any
right complain The deposit feature however, my
judgment piece reckless experimentation The legislature
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27

The first official suggestion that such law be passed in
message Governor Charles A. Cuberson the legislature
IN 1897 follows
Legislation requiring these companies to invest
nual1y reasonable percentage Of the premiums
from this property here is only
naniesty reasonable and just but dictated BY sound
public policy 49," 1t is time that tile OF the
should be devoted to her growth and prog
and the adoption OF the policy indicated will
strongly tend o keep capital here and build upon it."
1tl9o6 Hon John H Kirby said speech made before
bankers
Now what propose the reserve fund APP
porioned 10 insurance policies carried by the citizens
Of Texas in foreign corporations doing life
business shall be II Texas"
ln February, 1912 Mr. Kirby said
MY own opinion that that require life
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27
Sixteenth What is the interest of The people of the
State of 7exas9

Keep Texas money in Texas In saying this however do
wish understood committing ourselves the advocacy
of provincial policy We know and all we'll informed
people that to be found and everywhere
s safe those offered by New York other
state and companies wishing to here ought to be willing
deal eairy with They should be willing leave
portion at least Of the money that they from
pie AS understand this all that put upon by the
law that they complain Of
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27

matey $lOoO0OO0 practically all which invested Texas
making grand total of investments in the state by life insurance
companies Excluding the John all other companies
$24949,122.85
Eighth Statistics concerning rate of interest and dis
count charged by outside companies and Texas
companies on money loaned or infested Texas securities
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27

companies in Texas and funds loanabLe BY outside
companies in exds.
The oanab by Texas companies will be the
sets and the accumuon such each which
only be estimated On the basis $6000000 force
and the writing of $5OOOOO0 of year.
companies will accumulate funds available for loans at the rate of
about $50O0 this year 100000 year. with rapid
increase thereafter to the of business
acted
The by companies per
their and dependent upon
business they seventfive per of the
legal approximately equal so cent of the premiums
charged by any life insurance company.
Under the Robertson law the actual investments by outside
increased from approximately $OOGO 1907
$14 January reasonable estimate of the
amount which they will during 1912 $3OOO00O OF
the required from obtaining license
the for the first time and companies which
formerly withdrew and back will increase this
Tenth---Data concerning success Of insurance com
pdneS organized in Texas
think this inquiry answered by above statements.
EleOenh --How do premiums of outside companies
and / exds companies compdrc2
Texas companies charging same premium
rates for insurance as have charged by coma
policies for the past so
TtOeLfh- Has there been any change in the cost of
insurance 10 the people Of Texas since passage of
The Robertson LdW2
There are several questions inquiry.
charged practically the charged here
the people the would nat
uraly be less if the money remains in the state
Thuteenh--Has there been any change in the rates
paid for money obtained BY persons in Cexas from
companies?
We believe that the rates of interest charged for loan
by the law of supply and demand and
companies like all other financial institutions usually get the
prevailing believe that the interest
than the time of the passage of the Robertson law
Fourteenth Number of fCexas policy holders in out
side companies and in Cexas companies and aggregate
amount Of policies.
December 81 the last report covering the business
of all outside companies which discoses above shown that
they that date 1862 of outstanding insurance
169475 lives while Texas companies had only $18000000 On
December 81 1911 Texas companies had above shown SIG
of outstanding the lives of about 80 600 pol
icy holders The held by outside companies that date
$2628859080 less what has lapd and otherwise erm-
mated December 81 1906 plus the business of the outside
companies that did retire upon the passage of the Robertson
plus the the other outside companies that
the do business We have
obtaining doubt
outstanding held by outside companies would
discussion of m
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27

total investment by outside companies at that
exclusive of the items of railroad bonds of $1055O0
Metropolitan Life subsequently withdrew because OF the
Robertson law
The companies that time above
shown 7427638practicaly all of which in
Texas This makes grand total of Investments st the
passage the Robertson law by all life insurance
panes-boh foreign and home-of $8079,776
January 81 1912 Texas by outside
certificate of the
of insurance and banking
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27
S14,449,122 80
= Figures not available.

aValIaDle.
hereby certify to the foregoing list of investments
by outofate lie companies illegal reserve)
mortgages and Texas bonds these investments shown the
Robertson schedules submitted o by these companies
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27

Reports of insurance companies the department
the of interest charged particular state this
inquiry consequently available The Union Central has the
of loans Texas of of the outside companies
information that charges the
terest as the home companies.
Ninth Statistics concerning funds loanable BY Texas
companies in Texas and funds loanable BY outside
companies in Texas.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27
amounC Outstanding al the

more than a slight increase over the amou
time OF the passage of the Robertson law.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-27

THE John Hancock Mutual of which has
Texas and therefore report the depart
has been doing Loan Texas for years and
reliably this approx
maey $5O0000O)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
YIELD TO STAGE HANDS
Shay Says 315 Managers Have
Signed Agreement.

Charles c. Shay president OF the The
atrical Stage Employees international Al
lance. in a report which he maze yester-
day, said that $40 managers Of companies
going on the road had signed the new
agreement Tor the stage hands demanded
by the Theatrical Protective Union. The
theatrical season IN cities beginning
about Labor Day. he said ne expected that
nearly all, II not all. Of the theatrical
managers will sign tne new agreement
by that time.
This agreement he declared. die not
touch on the questions Of wages o. recog-
milton OF the union. but II provided that
where stage hands were cent on the road
throughout the country with companies
for one-night stands for any new plav
the men would be retained in employ
ment in case the play was a success and
was put on FOR long run in the city.
As 10 the visit OF President Gompers OF
The American Federation Of Labor to New
York. which was said 10 be TO settle. II
possible. the controversy between the
Theatre Managers Association and the
unions Of muslcians and stage hands, Mr..
Shay was not posted. lie said. Mr.. Com
pers. who came TO New York on Sunday,
eft the city for Washington last evening.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
DIX DENIES SPEEDING
Governor Forces Road Reforms
to Aid Autoists.

Albany, July I.-Governor Dix's recent
experience with a motorcycle policeman
who attempted TO arrest him at Amster-
dam. on the charge OF speeding was the
subject OF comment BY the Governor to-
day.
Il am always careful to drive SLOWLY
through cities and incorporated villages.
said the Governor. land on my recent
trip through Amsterdam I was driving
at the rate OF sixteen miles an hour
The officer who stopped me was none
too courteous. II there is a charge
against me on the police docket I have
rot been informed OF it by the officials"
Between Canajoharie and Fonda the
Governor was held Up by construction
work. The contractor. he said. had failed
and as a result the Governor has d.
rected the State Highway Commisslo TO
have men stationed at points where de-
tours can be made 20 direct travellers.
The Governor declared that treatment OF
motorists by certain contractors con
structing state highways was sbom-
Unable"
His attention has been called. he sale.
TO the failure of certain villages 10 turn
over TO the state treasury fines collected
from offending motorists After driving
over hundreds of miles Of roads the Cow
ernor says he Is convinced that New Yo.A
has the finest roads OF any state in The
Union.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
GAVE YACHT TO MISSION
Mrs. Kennedy's Boat on Duty Along
Maine Coast

r.ev,ston. Me. July 3I.--Mrs. John :.
Kennedy, of New York. has given sea
going Yacht 10 the Maine Sea Coast Mis-
sionary Society. which has been nance
the Sunbeam. and the boat has started
out on It's first cruise, under the com
rnand OF the Rev. Hannah Jewett Pow
ell Miss Powell has been connected
with the society for more than two years.
During the last year her services were
divided among four islands. On Head
Rarbor Island she resided four months.
at Crowleys Island two months. Until
she was called in the coolest part OF
the winter to Little Deer Isle. where
Abe remained until sent for from outer
Long Island to stay over until resident
teacher could be secured for the planta-
ton school.
81 arrived at $50 in the evening. after
travelling from In the morning Miss
Powell said. THAT evening was spent
In visiting two homes where death had
entered. The next day l ofiiciated at
two funerals. After that ! taught the
school OF forty-four pupils for three weeks
.inns and fnishtd the term in connec-
ton with the regular teacher. During
the time I also conducted the services
Of the church, conducted another funeral,
of,iciated at several weddings and made
a number OF calls
The headquarters Of the society are at
Bar Herbor and the field extends ten
miles each way along the coast
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
FUN FOR LITTLE GARDENERS
Eighty. four Children to Have Picnic
at Zoo To-day.

Thirty OF the eighty-four children who
under the direction Of the New York
branch Of the National Plant. Flower and
Fruit Guild. have maintained a garden in
the grounds OF the Rockefeller institute
65th street and Avenue A, will have a
nicnic to-day in the New York Geological
Garden. where Herman Merkel chief for
ester. will take them on boat ride and
Introduce them TO Badly" the Chin
nance. Free transportation will be fur
n,shed by the marlborough Rapid Transit
Company.
The following comprise the board OF
directors Of the New York branch Of the
guild:
Mrs. James Roosevelt. Mrs. Levi p.
Morton. Mrs. John Wood Stewart, Mrs
James speyer. Miss Annie Leary. DR.. f.
r. L. Gould. Mrs. w. Van Valzah Hayes
and Mrs. George Fl Paul The headquar-
tiers is at No. 70 Fifth avenue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
MRS. SARAH MORRIS OGDEN.

rRy Telegraph 20 The Tribune
Philadelphia. July 3i.-Mrs. Sarah Nor
ris ogden. Of this city. widely known
socially and as a philanthropist. died at
her summer home in jamestown, K. l.,
last night, at the age of eighty-one
Mrs. ogden was active in the Philadel-
phia Chapter Of the Daughters OF the
Revolution and she was formerly regent
OF that society. She was also a Colonial
Dame and was interested in the Society
for the Prevention OF Cruelty 10 Children,
president OF the Home for Incuraoles.
and was identified with a number of
other philanthropic organizations. Dur
ing the war Mrs ogden maintained a
hospital here for the care OF wounded
federal soldiers. She leaves one daughter.
Mrs. Charles W. Nevln. OF hiverton, y. j.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
OBITUARY.
DR. MAURICE HOWE RICHARDSON

Boston. July 3l--Dr Maurice Howe
Richardson. one OF the foremost sur
geons In this country. was found dead in
bed at his home here this morning
Death was caused by heart disease. DR..
Richardson had been In active practice
here for thlrty-six years. and IL Is prob
able that he performed more delicate
operations than am other surgeon IN
New England. He was constantly called
70 relie' critical cases. His skill IN the
removal Of the vermiform appendix was
recognized IN his profession throughout
the world
Or Richardson was born at Athol.
Mass. on December 81. 1851. and was
the son OF Nathan Henry Richardson
and Martha Ann (Barberl Richardson.
He received his preparatory education
at the Fitchburg High School and then
entered Harvard College. being graduated
from that institution In 1873. Four
years later he received his medical de-
gree from the Harvard Medical School
In October. 1876. DR.. Richardson be-
gan practising his profession at Boston.
paying special attention 20 surgery. AS
a member OF the Harvard faculty he was
successfully assistant professor OF anat-
omy. assistant professor OF clinical sur
gerry. associate professor OF clinical sur
cry. professor OF clinical surgery and
Noselcy professor OF surgery. For TWEEN
tv-hve years Dr. Richardson served as
visiting surgeon 20 the Massachusetts
General Hospital and also acted az con-
sulting surgeon for other hospitals. He
was the author Of many monographs on
surgery and contributed 20 journals OF
surgery
Or Richardson was a member OF tho
American Surgical Association. the
Southern Surgical and genealogical AS
ISOLATION and the international Surgical
Society H0 leaves four sons and two
daughters. One OF the daughters is the
wife OF Oracle II. Roosevelt, a nephew
OF Theodore Roosevelt
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
.CHlLDREN'S THEATRE NOW
Plan Is to Give Performances of
Educational Character.

Application for Incorporation vas MADE
m the Supreme Court yesterday for the
Childrens Educational Theatre. The pur-
poses Of tho corporation are the encour-
esement cultivation and development OF
the taste for music, literature and the
arts among young people, and 10 pIOvide
the means Of moral training by the
presentation Of plays Of ennobl!ns char
aCteT.
The organization Will erect or rent a
building. OF possibly more than one, and
will employ masters 10 train persons 10
execute the purposes Of the corporation
The incorporators are Arthur d. Chandler
Harry Content, William Terhune. An
drew W. Wall and Alice Mime Hcrts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
THEATRICAL NOTES.

The Klaw g. Erlanger Company. headed
By Edith Talliaferro. which is TO open
IN "Rebecca OF sunnybrook Farm" in
London or September 2, will sail at noon
to-day on the Baltic.
Rehearsals for Charles klsins drama
tizaiion OF Rex Beachs The Ne'er DO
Well" VIII begin at the Lyric Theatre
to-day The play will open on Labor Day
under the direction Of the Authors Pro-
ducing Company.
The summer school OF New York Uni
versity announces the presentation OF
three Shakespearisn plays on the campus
BY the Frank McEntee players. "A
Midsummer Nights Dream" will be given
this evening, AS You Like IT. to-mor-
row afternoon and The Merchant OF
Venice" tomorrow evening.
Ruth Chstterton, recently seen in The
Rainbow" will appear at Proctor's Fifth
Avenue Theatre next week
The company which will produce Bay
ard Veiller's within the Law in Chi
cago begins rehearsals tomorrow. The
New York company. headed by Jane
CoHl. will begin on MONDAY
7. J. Hughes partner OF La Petite Ade-
la,de in The Passing Show OF 1917" will
give a public demonstration OF his hoop
dance" on the stage OF the Winter Gar
den tomorrow afternoon at o'clock.
vvaI,er panrosch will be at the list
Regiment Arrnory tomorrow morning at
,n.oo o'clock TO consider further applica-
lions for places in the chorus OF DIS
comic opera. THE Dove OF Peace
Louise Hamilton. who was Nsutrich In
"rbe souaw Man" hss been engaged by
n y Bean & Co Tor Relia In IAN Aztec
Romance
A masquerade ball is scheduled for the
evening of August al the dancing pa
,,,,o,, NJ the Palisades Amusement PARK,
p-;zes asgregating 1850 viii be given
for the best costumes
Martha Hedman. the Swedish actress
who will make her American debut IN
IIenri Bernstein's The Attack. arrives
an the Lusltania tomorrow.
Beginning next Monday, the Savoy
Theatre will be devoted 10 moving picture
rroducticns OF all the stars under the
direction Of Daniel Frohman. Nat Good
win will! be seen on the screen in ''oiiVer
twist" Blanche Walsh in The Resur-
roctjon." Sarah Bernhard in Camille
and 'rhe Garden of Allah" and James
O'Neil in Monte Cristo.'
The sale Of seats for the reopenihs o,
the Columbia Theatre, on Monday WI!
begin tomorrow. The Golden CROOK
is the title Of the fret weeks offering.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
MAY BE BUTTS MESSAGE
Appeal for Help Picked Up in n
Sealed Bottle.
Y. Telegraph 70 The Trlbune

Pavtucket. r. l.. July 3l.-While Joseph
Aiken. Of North Attlehoro. A. J. Loran,
Of New York, ard w. II. Jones, Of
Paterson. were sailing off Block Island
To-day, they picked up sealed bottle, in
which was this message:
April IS. mid ocean-Help-on a raft
Titanic sinking-nO water or food.
MAJOR BUTT.
The paper on which this was written
vas wireless telegraph blank, on which
vas the official imprint Of the steamship
Titanic The date. April IS, is that Of
the day following the sinking Of the
Titanic
Many persons here believe the message
is the work Of some person who meant
II for joke. but others think II may
DC genuine. II will be compared with
Major Archibald Butts Handwriting as
soon as a specimen OF the latter can be
obtained.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
TO PREACH FROM AUTO
Evangel Committee Will Hold Street
Meeting To-day.

A religious service in which there will
be preaching and singing from an auto
mobile will be held at o'clock to-day in
front Of the Tribune Building under the
auspices OF the Old Tent Evangel Com
mittee OF New York.
quartet will sing and the Rev. G. W.
Mcpherson. superintendent OF the COM
mittee; the Rev. J. C.. Massee and the
Rev. Adam Barr. of Glasgow. will speak.
meeting will be held at the same hour
and place every Thursday during the sum-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
"A. n. CHATFlELO.

Henry II. Chatfeld. Justice Of INC
peace OF Southampton, Long Island pres
ident OF the Bridgehampton National
Bank. the Bridgehampton Board OF
Education and charter member OF the
volunteer FIRE department. died al ms
home there Tuesday after being Ill eight
months with an abcess Of the brain.
Iro vas fo-tv-seven years old and had
hoan a lifelong resident Of the town or
Southampton. he wss lawyer, Win
Offices in both Bridgehampton and SOUTH
smpton. lie leaves wife.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01
THE REV. JEREMIAH SEARLE.
IBy Telegraph 10 The Tribune.l

[By Telegraph 10 The TribuneI
|. Nevburgh, y. Y. July Sl-The Rev
jeremiah searle. pastor emeritus Of Cal
vary Presbyterian Church. died late this
afternoon. He was for more than forty
years pastor Of the church and resigned
on June 80. He was born in Coxsackie
n Y. in July, 1896. and was educated
ar Rutgers College, New Brunswick. and
the Reformed TheoI0giea dhs senlna Gys,S OF
Raw syracuse and Peekskill before COM
Ing TO Calvary Church, in 1873: He was
nbsniain Of the 14sd New York Volunteers
during the war, and stood high In Ma
sonry He leaves a widow.