Judge — June 24, 1882 — page 12: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

INSURANCE LAW The Insurance Interests of the People. Iv it please your Honor, we have heard the testimony in the case of the People rs. Foreign Insurance Com- panies in relation to the late law of New York prohibit- ing the publication of the trath by those companies in their statements, nts, ete, We examined namerous witnesses, bat the testimony made the Inves. tugation rather monotonous. We called John Seltishness, who, being duly sworn, testitied as follows: Q.—What was the object in the introduction and passage of the late Insurance law prohibiting the mak- ing or publishing of the facts in relation to foreign {i surance companies doing business in this country? A.—First, to secare a fee of $100,000, it is rumored (answer objected to, objection overruled in the interest of the public, exception taken), to make a way for the introduction of the San Insurance Company of London. Q.—Why was this desirable on the part of the San? A.—Because the Sun objected to making any state- of its financial standing, it never having maude y in any country. Q—What advan sunt A.—It requires no st except that in this country Q.—How much American secnriti law require of foreign © com A.—As it reads, the law only requires a deposit of 200,000, without reference to advertise 50 18 this law supposed to give the ent of its assets or liabilities 4 does the sur anies? ilities at home o capital possessed We also called Honest Jobin ed as follows, to wit: Q—Mr. Jobn, what objection have you, if any law of New York A.—First, because it asked for in the interest of th who, upon honor, testi vty f th it suppresses information which all honorable compa nies solicit for the information of the public. Second, it suppresses tho trath and indirectly re- quires the promulgation of a falsehood, in that it. pro- hibits the publication of the assets possessed, and liabilities of all Foreign Insurance Companies seeking to do business or doing business in this country is against public policy | Q—How does it indiree | of falsehoods? In that it prohibits the publication of only a nt, and not the whol y law of all civilized countries Again, in that it opens the door for the admission of hopele 3 by the me country, and therefore diminishes lard for the protection of the public, ther pardizing the basis of security in this country by all preign Insurance Companies Q.—Why was snch a law urged and pushed thron: Superintendent Fairman, of the Insurance Departn A.—No one positively yet knows, though it is rently rumored (answer objected to, ot ruled’ as above, exception taken) that in the money influence use, the Deputy Insurance Super- intendent is tot the admis sion of the Sun, with a fat salaried office in the company Q.—Did the American companies ask for the pass: of this law? A.—Not } liamst di op whieh y require the promulgation truth, as is require insolvent com of $200,000 in th the s | & deposit Dy jection ove ition to well provided for, up openly, rg City aud except the President of the Wil- I comp: New Yo ome other si tly; while a committee of th Vit by couneil and in pet Q.—Does the new law affect Board preign companies now | in A.—Yes, in that it probibits them from publishing truth in relation to their as: A abilities in | the interest of their policy-hoklers and the pablic, Q.—If these answers the whole scheme 13 al re substantially true, was not by wh h the law was introduced, passed and approved, dish fore void A.—Possibly. Q.—Will the law be complied with by the Foreign companies ? A.—Yes, for a while, antil plans for its nullitestion 1 be properly made, and the iniquitous proceedi »y Which it was secured made public, Q.—Hereaftor what will be required of Forel seeking admission ? —Oaly a deposit of $200,000, if the law is strictly enforced. —Bat is it not rumored that the Insurance 1 partment proposes to amend the law, by “order of the superintendent,” by requiring Foreign companies to deposit, in addition to the $200,000, also $500,000, making $700,000 in all A.—Yea, that trick,” it is rumored. is to be tried to get out of th which the superintendent finds himself. * Q.—Bat will the Foreign companies comply with this amendment ? Q—Why? Because they wonkl not trast $700,000 with the New York Insurance Depart by subsequent “order of court” judge, Q.—Bat suppose authority should be revoked upon jance by compani ‘st, fraudulent, and there- nm com- dilernm; » subject to © or some pil mp The compan attention to it deen by mandamus to force the superinten: “ant that certificate of authority entitled to, ganize as American companies, by the deposit 0,000, and re-insure all risks in the home office company ld pay Honor ph stance of the evidence e, these two witnesses all of which is submit Respectfully, THE FAMOUS 27 STOP BEETHOVEN ORGANS. Suitable for the Parlor, Chapel, Lodge, Church or Sabbath School. ——A BRIEF Drscrivrioy,— PRICE ‘ii3t"*<'7 $90.00 Hench, Book aw Music, ONLY CASE.—Mandsome Solid Black Walnut, factured’so as not to take the dirt or dust. Tho: roughly seasoned and kiln dried, so that it will stand the test of any climate, handsome rubbed Varnish finish and polish; carved and ornamented with a eaque designs in gold. fret music desk, pocket, han: diegand lamp stands. It f built tolast, not for show ACTION, Containing 27 Stoj Sanity of Stop Combinations, enabti hoy following the ais Full Orchestra, Cello, Church Pi other beautiful effects. In addit regular ordinary Organ at Sour cc 27 STOPS as follows Stoot tone, 16 fo0t tone. shoes A fast tone, Drone, «foot and Sto ear A, in the BEETHOVEN o other organ inaker dare build it PRICE. The price of : cludes a ‘Se, securely packed and delivered at Washington, New Jersey, is, ONLY. $90.00. TERMS.~ in terms ain Net Cash. Remit bbe made by Bank Draft, Post Of Mone Bote Registered Letter or Express prepaid RRANTED. ‘The BEETHOVEN fear MARBAN TED. siivped oa nee pour ral, FACTORY. Comer Railroad Ave. and Deatty ~ Washington, New Jersey. Largest in the world Running day and wight to fill all onlers prompuly: So Whom it May Concer: sarivine Beethoven OFgentatter ons year's con- stant use, does not give you perfect satisfaction in very particular, and iain any way not as seated in this advertisements I hereby bind myselt fo take it back and refund you your money current fonds, with legal Intereat of New er ceotl “I further agteo to pay freight Cuargea on tho instrament both ways, the money t herefunded Immediately upon receipt cf the io. aid in jersey. trament at Washington, New Jerwy. I further agree, if requested, to exchang organ of plano aa shown in my rataloga Leute 8, Leaut(d beat ‘ot S—Grand Organ Stailgne Ke se Pistehllgrn. foot tone, S—AWlematie Valve ton. yaslan. Be Dapter ficmans: Tremalant, tafe Duplex Grand and thrilling access BELLOWS naan seer | nest. Treble Rubber, Upright pater, tree, Gellows combined, Bnrinan, with Automaiie Valve’ Sop, an Ingenio axrangeinent for preventing an over py of a. foniinary rivet, whi Cede rae Wo perfec leaving f THE BEETHOVEN ORCAN. Height, 75 tos., Length, 46 ins., Depth, 24 tn New Style No. 9000, Handsome Solid Biack Walnut C: with Organ —ench and Music Book. 27 STOPS,10 FULL SETS GOLDEN TONGUE REED. SPECIAL TEN © OF THE svDGE 1 desire the Beethoven Ongan Introduced among the readers of this newspaper wrrity 1H see and appreciate ite wonderful merits. and stop combination effects. Now, tt you will REMIT ME seventy-five ($75 00.) dollars 1 wil ship you this Organ immediately. and send you fecriptrd bill in full for nivety doUars (890), which ist gular and only price at which this Organ is sold. ‘The price will soon be Advanced to $422.00, on account of the Increase in the price Of labor and Tuateriais sed in ita construction, {7-1 desire this instrument introduerd without delay, and make this special offer soyou may onler One pow. T look to future sales for my Sweet and Pure. 1 parison with any” instrument manufactured at four times the price An. Ona’ like the above containing the same variety of miinic ‘would cost through high-priced organ manufactu )S.—10 full Sets Reeds. Are of the Celebra- | How TO ORDE TO ORPER- Enclosed find money for water hea of whch | BRN Sega ene ed your tataeat fe "the block by dovetalling iasteal of | gard to tia this advertisement, aod Torder one on our ve atin, Tim | audio chat fh buat prove eu antopmacsted To eining Dover requis aner | ons year Rett ges Tit percents wording to Jour fietlar to glee goer Names | Sater” Brefght Stafions tar Be i ‘advertisi The Organ speaks. from the first #01 if ns belghtooront €27—This offer fe pouitively good for only ten days from date. AR THIS IN MIND. This newspaper must be returned to se special price. If mailed from your post office within ten days from this te; Ht will be received, not otherwise, of you may accept by. t the last’ day, and remit by mail on that day. T shall POSITIV all orders under $90, unless accompanied with this newspape ment must be mailed within ten days as specified, DATED, WASHINGTON, NEW JERSEY, JUNE 24, 1882, N.B.—As this special offer is limited and will not be repeated, if have not ail the money in hand, it will pay. you to borrow a. part from Profit, as the Beethoven makes me thousanis of friends. T this man- | your friends, and thus secure the bestorgan that can be offered, at a less, her of introducing it better than spending hundreca of dollars Ia newspaper _— price than an ontinary onan by other makers fs usually sold at Address or call upon DANIEL F. BEATTY, Washington, New Jersey. comicbooks.com