Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-12-16
BALDWIN FAVORS
RISK SAFEGUARDS
Penrose-McNichol Speaker
ship Candidate for Good
Insurance Laws
MAY NEED COMMISSION

Representative II. j. Baldwin. Penrose.
MCNichol candidate for Speaker OF the
House, announced today that should evil
denCe Indicate need for n commission 10
investigate Insurance conditions In Pennyl.
vania, he would support such proposition
Mr., Baldwin was asked recently by tho
EVENING LEDGER what his attitude would
be In the event OF his election as Speaker
OF the next House toward supporting better
Insurance laws for Pennsylvania.
The reply from Mr.. Baldwin is a. fol-
lows:
MY vote on insurance laws In the past
has always been guided by my judgment
as to what was best for the people at
large. and 1 will continue TO do so,
You ask me II favor an lnvestiga-
ton of insurance conditions. II upon
careful inquiry, after the session opens
mt Harrisburg, the evidence indicates
that commission would be advantage
Gus to the public at large l shall cer-
tainly support such a proposition.
Your other questiou-if would sup
port laws that would be as good as
those OF New York; am frank to say
that [ was under the impression that.
speaking broadly, the insurance laws
OF the State of Pennsylvania were su.
nerlor to the insurance laws OF tho
State of New York, having In mind laws
relating to all classes OF insurance.
that II upon careful investigation tind
the insurance laws of the State can be
further amended so as TO better pro-
tect against dofraudlng the public, I
assure you the subject Will get my
earnest attention and every effort TO
place the proposition on our statutes
WOOD REFUSES INTERVIEW
Robert r. Tuttle. whose stock-jobblng ex-
ploitations were exposed IN cohgfess'oh",
investigation and whose attempt 10 hoat
stock In this city met with failure, at one
time IL is said was associated with Lyndon
d. Wood, president of the Pension Mutual
which has a deficiency OF more than $1,000
600 Wood refused yesterday to affirm or
deny that he knew Tuttle or that he ever was
associated with him In business ransac-
tlons. one of the clerks in the handsomely
furnished Offices of the Consolidated Invest
ment Company, on the eighth floor or tho
Finance Building, announced the reporter
to Wood The clerk returned from the
private office of Wood with these words;
''Mr Wood doesn't want 10 sec you"
Later several written questions were sent
to Wood Tho questions asked were whether
he knew Tuttlo and II he ever was asso-
cIated with him In business Mr. Wood
read the questions. according to the clerk
and sent out the following message:
~ won't see you and have nothing "a
say"
When the Pension MUTUAL OHlceEs hp-
pear In court one OF the things they viii
face will be evidence extending back over
a period OF years showing that the irregu-
larlties which the State charges against II
and the Union Casualty Insurance Com
pany are anything but now.
Commissioner o'Neil has turned over to
the Attorney General a stack OF corre-
spondance intended to show this. Some OF
the letters are from insurance agents. others
from prospective stock buyers, others from
those who purchased stock and never re-
celved an accounting and pathetic appeals
from men and women whose all is tied up
in one or the other OF those companies
Some OF these letters have been made
public." said Commissioner O'Neil, and
the remainder will be brought out at the
hearing"
o'NEIL RESERVES EVIDENCE
The Commissioner added that in cases
like this IL Is not wise TO lay all the cards
on the table and some Of the names OF cor
regpondents will not be announced In ad-
vance OF the court proceedings. The Com
missioner says that few Of these epistles
are enough 10 bring tears TO the eyes.
They are from those who had put thelF
money into the company fully believing
that il was perfectly safe and that their
dependents were insured to the amount OF
their policies.
Commissioner oNell says that the more
OF these letters he has received the less he