Roanoke Rapids herald. [volume] (Roanoke Rapids, N.C.) 1914-192?, 1920-08-27
INSURANCE COMMISSIONER
D ISSUES HIS REPORT

|. .CpmmmiisssiloneF is ilo Young, and copie
haveo been distributed anon,
members Of the general assem-
PbiE'' Itcbdefs operations O
the department for the fisca
year t9f92t ending March 31st
1920, , AS a. revenue producer
the Insurance Department keep.
on the upgrade, as the repor'
Shows that the Insurance De
paEtmspt proper paid into the
fState' freashry a clean $634, O76.
| 81 the past year against $543,
P2K. O2 IF the year before. From
sources under the supervision Of
thelffre Marshal, lightning rod,
securities investments, Building
and Loan and fire and accident
prevention Department the re-
Seiufs MM &lIGsSl. SO, a grand
total for the year of $3.50, 453. 43.
EQ6thiseslpsqqd tie sum of $24,-
35%7f known as the Firemen's s
Relief was recently distributed
by Col. Young to fire companies
| ihlthe1vaipus cities and towns
Of the State.
Like State Auditor Wood, Com
missioner Young, who also is re-
firing from Office at the end of
this termw recommends an I'M
'Vsgsef baitry for his successor
ahGemplSyees of State Depart
meats declaring that the salaries
established in 1907 are not suffi1
-rient:fDf thHsupport of a family
as his experience with the UT
most economy had demonstrated
to him. He recommends a
wofKmen's compensation ~ law,
saying North Carolina is one Of
very'few that has notadop-
ted this modern method Of conf
pensating workmen injured in
the course of their xeccupation.
He also recohamendsA law MAXI
n GitnecsssMX Xf& Foreign in
surance aniesato get consent
of the Commissioner to change
its charter or change the amount
of its capital stock, as is now rel
quired of domestic companies. |!
In his capacity as Fire Marshal
he says that through the emf
ployment of several women, the
use of fire prevention expert,
State Electrical Inspector and
prosection of parties, who after
ai3iyestigattan idemed guilty of
incendiarism, every class of citi1
Eens is reached and the results
Fplace( Noftb Carolina far in the
lead of all other States in official
FIRE wate staustics." By a care
full administration of the Blue
Sky" Jaw, he says that thou
sands and Meusands of dollars
have been saved to our citizens
in the restriction of the sale of
stocRS6T fdfeign corporations,
and by amending the law at the
last session. Of ffthe general as
to apply to domestic
tfons) i1pfeventing them
from evading the regulations by!
dDdhesticatihEJo Supervision of |
stock selling, he says, protects
people against frauds in many
fHspac but Dies not reach those
duped through advertisements I'M
newsp spapsrs6iDf, sent thru thei
mails. He reports Building and|
anVAsspcia6pns doing fine, ac-l
cording to their sworn reports, \
and recommends this form ofl
savings and investments as al
foil against speculative plungesI
in unknown Blue Sky promotions
Up6seal iptere@ Attasbes to thisI
repShfroh TIE fact that
it not only is full of evidence of
great prosperity in the State,
fine ability of its insurance, in-l
vestment and savings, businessl
men and corporations, but itI
Shows very Interpretations of
lhe eIhsu@ace pepArtment, andI
3 the last ana At@enty-first am
nual report of North Cardinals
3rsf Insurance Commissioner.
Fl fQl Ql.-...,,,,, |
This business Of conversation is a
very serious matter. There are men
tffat 1t weakens one to talk with an
hour more than days fasting would
do Mart, this that I nm going To say.