New-York tribune., 1921-01-06
Lockwood Asks
Greater Power
For Committee
CONTINUED from page cnc)

knees and thank God that Untermyel
is working for the state. He wanders
off to Florida at the same time that
Governor Smith, who has done more
for the state, goes to his homo in
Oliver Street. Unternyer has not done
this for nothing. He has got ST.
100000 out of it in free advertising
"And Untermyer gave his services to
the committee for nothing. Are you
going to thank God that he did not
double-cross the committee? Even if
Untermyer did draw that amendment
Pm against its immediate considera-
| ton. | say it is unconstitutional, and
don't want this lawmaking body made
ridiculous. l want it to go to com
mittee. 1 never saw such disrespect
shown q man as was shown by Inter
myer when Mayor Hylan was on the
stand. Mayor Hylan should have been
treated with dignity and respect, no
matter what was thought of him per-
sonally, and, if for no other reason, he
should have been treated with respect
and dignity because of his position.
Attacks Cost Plus Jobs
"Why, there is more graft in the
cost plus jobs than in anything you
have touched. You're making a pa
triot out Of Horowitz, but he is con-
nected with the Thomps Starrett
Company, and you have not tried to
show some Of the things that that and
other big corporations have done"
Why don't you bring it out if
you've got anything?" exclaimed Sona-
tor Lockwood.
"We'll bring it OUT was the retort
The Lockwood resolution, if passed,
will increase broadly the scope and
activities of the Lockwood committee
It !, will permit the committee to sub
divide itself into several sub-commit-
tees, each with the same general
power as the main committee. These
SUBJ committees will be able to go to
any city in the state and take evidence
whenever it is necessary.
The enlargement Of powers includes
a thorough investigation Of all finan.
cIal organizations that make loans
| upon buildings or deal in mortgages
1t will include complete investiga-
ton into every form Of building, whcth-
er Industrial or residential.
The new COL. mittee will be com.
posed Of ten members, as was the
previous committee. In addition te
buildings in general, subsection O,
The resolution empowers the commit
tee as follows:
"The committee, or any subcom.
nlittee thereof, constituted as herein
provided, is empowered and it shall be
it's duty, in SO far as it may deem ad
visable, fully to investigate and report
upon the organization, management
conduct, business, affairs, operations
and past and present investments OF
al life, fire, health, burglary, com.
pensation and casualty insurance com.
panies and associations organized un.
der the laws Of this state. or transact.
ing or having authority to transact
business therein, whether or not the
same be organized under the laws OF
this state, and of all savings and othe,
state banks and of all trust companies
and other corporations or joint stocl
or other associations that are now un.
der the supervision of the Superinten
dent of Insurance or Of the Superinten
dent Of Banks
The committee is also authorized t,
Investigate any other matter no
specifically mentioned, if in its opinion
the matter is relevant to the genera
question Of housing.
The life OF the committee is con
tinued until March /, 1922, and it i:
empowered to continue its sessions r
respective Of whether the Legislature
Is in session or not