The Connecticut labor news., 1921-05-20
BILLIONS TAKEN
Continued from Page One.)

stationery. It IS also true that some of the balance was paid to men who solicit th1S form of business and adjust the r losses. But Sir, l contend, that our pres ent law lev1es a penalty upon any manu- tacturer employing more than specified number of persons who does not carry this form of insuranC \. What solicta- ton IS necessary in the face of such leg 1slat1On! Will any member of this body allege that the employers of this State. as a body, seek. to evade and defy the statute law of our State?
 his legislation is constructive, 1t is benehc1al to both employer and employed This legislation will bring about indus tr1aI peace to a greater extent than any thing now before us I have no hesi- voters of our State will adopt this leg lSlatlOn at the next State election unless we see the advisability of adopting it here in the Legislature
 1 here IS another side to this question and one which we should seriously con- Slder, that IS, what protection do we owe to the employers and to the workers of our State? We have enacted legislation winch permits certain companies under certain conditions to collect from our employers premiums which as the report Ot the insurance commissioner states runs into millions.
 What guarantee have we given to our workers or our employers that these companies will continue to remain sol vent? This Is not the dream of some tf1eOrlSt. Government statistics shows show that several casualty companies have become insolvent and the workers who were insured when they went to col leCt their benefits found to their sorrow that something had happened to the com pany. Is this fair?
 Gan any member of this body point out where a State fund has become in solvent?"
 We license these companies to collect money from our employers but i'll return do we give our employers any guarantee that while these companies are solvent today they may not prove to be inSOlvent | tomorrow"
 With The Great Decline In The Value | Of Foreign Secreties Which Constitute Naturally The Principal Assets Of Many | Of These Casualty Companies Which Are Either Foreign Owned Or Foreign Controlled What Guarantee Can We Give To The Workers And To the Employ CTS Of Our State That Such Companies As The Employers Liability; The Ocean Accident; The London Guarantee & Ac- cident The Royal Indemnity; The Globe Indemnity. And. MT. President, l Might Add Several Others, Will Con- tinue To Remain Solvent Of Course Mr. President, I Do Not Say That Al This Time These Concerns Are Finan- cial1y Embarrassed Or That They Are Apt To Be. But They May Be And What Protection Have Those Workers Who Are Covered By These Compan- ies Given. What Protection Are Our Elm ployers Who Have Paid These Co1npan- ies Thousands. Yes, Millions Of Dol lars.
 This legislation, if passed, will give to our workers greater benefits than they now receive. This, mind you, while al the same time giving our manufacturer: a pOsitive1~ solvent insurance carrier w; cost so much less than our manufactur- CTS will be able to save not less than five millions of dollars each year"
 "There is one other point, Mir. Presi dent, that I wish to call your attention to and that IS the question of American ism" We are all Americans. We tel of and we listen to the wonder flu achievements of Americans. We art asked to preach Americanism to those unable at present to understand tht | wonders of being an American. Ou zion, yes, even our labor bodies parad and advocate Americanism. Are we prac tising what we preach?"