Year: 1873

INSURANCE REFORMs-wHAT SUPERINTEN-


DENT CHAPMAN is DOING.


TFRoM A REGULAR CORRESPONDENT or THB TRIBUNR1


ALBANY, Feb. 5.-The Senate. to-day i'm Ex-
ecutive session, pursuant the action Of Admins
traton caucus tclegraphed last evening confirmed
the remainder Of Gov. Dx's nominations for Harbor
Masters and Port Wardens, in week before last
The testimony elected in the Cr6dit Mober investga-
ton, duplicating Gov. Dix IN the widespread corruption
Of that Ring with the French is the subject OF
much spicy among the members OF the Legs
ature The CustOmhouse politicians who arc trying TO
run the Legislature" rather relish the scandal than
otherwise for they imagine IL will give them, In some
way, a fresh hold upon the Governor. They seem TO
think ne will need kind OF prop TO support him in
this afction, and in default Of anything better, Will
consent 10 lean on Thomas Murphy. Thus the good
feeling between the Governor and the Customhouse,
which has been somewhat impaired since the Legsla-
ture convened will he fully restored and the former
viii be only willing do the bidding Of the latter.
This is the hope, but il may prove dclusive. The
Governor does not admit that he has been guilty
Of anything wrong I'm the Credit MObeT business.
In talking over the matter this morning, he said
that he had nevoT received any money other favor
from the Credit Nobiler the Union Pacific Railroad,
except what he had received in payment Of his salary
as President OF the Company As to the Credit
Mobiier Ring he carefully avoided having anything to
do with IT, did also Mr. Cisco, the Treasurer OF the
Union Pacific Railroad He did not deny having received
$4,000 the par value OF the stock in the Union Pacific
but claimed that IL only In part payment OF his
salary as aforesaid As 70 threatening letter he denied
having written anything Of the kind. BE said that after
the investigation all over, his-soninaw c. F. Blake,
would fun statement Of his (the Governors con
the matter, and meantime be preferred not
to 60 into further details regarding In this relation
may prOporto state the fact mot heretofore made pub
he that about two prior to the nomination Of Gen.
Dix for Governor by the Utica Convention, and when
II was not anticipated by the General any one else
that he would get the nomination, Mr. DuIant, VINO
owns nneteenV entiehs Of the Adirondack Railroad ap
pointed Gen. Dix President Of that road After ms
nomination for Governor, it was deemed best not 10
make public his appointment President of the railroad
until the result Of the election was known II seems
that IN this case the General preferred the Governor
shp-in case he could get ito the presidency Of rail-
road thereby showing great change in his views since
the time declared he would rather he President OF the
Union Pacific than Minister France. The Presidency
Of the Adirondack Railroad Company was held open for
Gen Dix by Mr. Durant until after the election, and It
will therefore be that our lucky Governor had
been so unfortunate as be defeated in his political
aspirations, he would st have found himself in snug
berth as the hgure-head of railroad company


Assemnyman BaJOock called mp this morning his
resolution TO epunge from last report Of Insurance
superintendent Miller the disparaging remarks about
the Legislature OF 1872 in connection with their action
OF his removal from Office After lengthy discussion
as to the po Of the House TO expunge portions Of
report that has already been printed and circulated, MI
Babcocks resolution was adopted and ordered TO be





printed in the annual report OF the Insurance Su
perintendent The Standing Committee on Insurance
met this morning and decided 70 report adversely the
bin introduced by Mr. BabcOck early in the session de-
ciaring the Office Of Superintendent Of Insurance
vacant after the 9th OF February, or on the
bill becoming law This dsposes for the present, Of
the attempt to oust MI. Chapman from that office
for the crime OF having been appointed thereto by Gov
Hoffman Mr. Chapman has just appointed as Deputy
Superintendent Vim. Smyh, editor OF The Ortg0 Times,
and one Of the most worthy members Of the last Legsa
ture lie has also recently appointed several new clerks
IN place who resigned OF were removed and Is
getting bis Department into thorough working condl-
ton In order to avoid all complaints like those made
against Superintendent Miller, Of exacting exorbant
fees for examining companies, Mr. Chapman
has adopted rule that such examinations shall be made
by men employed in the Office and receiving salaries
from the state that charge therefor shall be made
beyond actual expenses incurred by the examiner
Even the bill OF expenses is, in an cases, 10 be sub
rnitted 70 the Controller for audit before pay
ment is demanded from the companies He has
also made "a rule that no stationery or other
supplies for the Department be purchased
except upon the written order Of the Superintendent
ms deputy. Mr.. Chapman has resolved 10 make an
earlier annual report OF his Department than has been
customary in years past and I'm hopes have his
next report ready for publication by June or july The
delay in the reports heretofore has rendered them COM
paratvely valueless 10 insurance men. In order 10
guard against the influx Of wildcat" insurance COM
psnies other States the Superintendent viii here
after insist upon examination OF the condition OF all
foreign companies applying for permits 10 do business
m this State unless the standing and soyency OF the
coupanv are so well known as 10 render such examna
top needless. The records Of the Department show
that with very exceptions the insurance companies
OF this state whose capital impaired by the Boston
fire have up their capital to its former standard
Those companies which failed 10 do so have gone
cut Of business.


THE POLICE JUSTICE BILL.


IBY TELEGRAPH TO THE TRBUNKl


The Assembly Judiciary Committee, Of which Mr..
Prince Is Chairman met, this afternoon TO hear argu
Ipent on the bill relating the Police Justices Of New
York City Assemblyman Campbell, in behalf Of the
present Justices for delay order that they might
oppose the bill by counsel.


After considerable discussion, the Committee ap-
pointed Thursday, Feb. 10, day upon which they
would give final hearing to all concerned, and they
agreed that Immediately thereafter they would consider