The Semi-weekly leader., 1922-03-25
SON OF INSURANCE
CHIEF IS EXAMINED
Items in Alleged Shortage of T.
M. Henry Explained to
Committee.

JdChSOH, MISS, Mafcn ZG-In6
special legislative committee Of
which Representative "A. B. Clark is
chairman, met today with Sam p.
Henry, son of T. M. Henry, state in
surance Commissioner, as the only
witness. The young man has been an
actuary for the last six years and is
not connected with the State Insur-
ance Department. His duties are to
check over the books Of all local in
surance companies at least twice a
year and to check over any other
company when called on.
The committee questioned him a.
bout all the items mentioned by the
state revenue agent in his demand
on the insurance commissioner to
make up the alleged shortage. The
witness said in response to the first
questions propounded by the chair
man that he was thoroughly familiar
with the several items on the account
submitted to the insurance commits
sioner by the revenue agent in all
his communications, having given
them a close audit in order to sat
isfy the department of which his
father is head, and that he had used
the books and records found in the
Office.
He said that there was no record
in the office as to some of the items,
others had not been collected prior
to the revenue agents demand, 9TH
ers had withdrawn from the state and
owed nothing, several had sent
checks after being notified in Janu-
ary that they were indebted to the
state for license or privileges, some
admitted they had never paid because
they had received no statement or
demand, others were in suspense, the
claim not having been established,
occasionally it was shown the in
surance commissioner had paid the
state treasurer more than was due,
in some cases it was admitted that
the insurance commissioner had paid
in their taxes and the commissioner
had failed to pay over.
These different explanations were
noted by the committee as, in this
way, they hope to be able to bring
something like order out Of chaos.
Examples of the testimony on
scores of items we're about as fol-
lows:-
The Caledonia Company, 800 not
collected in 1919 nor In 1920, and
the company had not answered let
ters.
The Camden, 800 not collected
for 1920; letter from company show
ed it had sent the money in Febru-
airy, 1922. in response to bill from
the department.
The Century wrote it had with
drawn from the state In 1920 and
had paid nothing.
The Eagle wrote it had never paid
the tax.
The Firemen's had not paid. but
| in response to bill had sent check for
1925 on March 16, 1922.
Old Bay State had paid 500 in
1920, but 1t had never reached the
treasury, 1t was admitted. and same
was admitted as to payment Of $500
by the Springfield in 1920.
These are samples Of the explana-
tions on many items. In number
Of cases it was necessary for the ac-
countants to call on the banks for
deposit slips to show UP collections.
In others receipts from the state
treasurer were filed to show that
items charged against the depart
ment had really been paid to the
state, and In one instance it was
shown that $400 had been paid to the
credit Of the American Credit Indem-
nifty instead Of 5000. the amount
due. In this way the insurance com
missioner is explaining away many
items claimed by the revenue agent.
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