Supt Kelsey urges insurance law changes in report
Albany Jan 21 Otto Kelsey state superintendent of insurance submitted his annual report to the Legislature urging amendments to the Hughes era insurance statutes He calls for penalties on noncompliant officials a state financed examiner program and changes to securities valuations while noting shifts toward outside companies and a drop in New York carriers business He also favors curbs on animal insurance forms and stricter rules for corporate ownership of securities The report details premiums taxes a net surplus and comparisons with prior years and outlines five proposed report divisions and future publications.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Otto Kelsey
Hughes
New York
Kelsey
Nme
New York Life
York Companies
Rence Companies
Mr. Kelsey
San Francisco
Ighteen
Mutual Reserve Life Insurance Company
Anxious Over Canal Sparks Republican Worries
Telegraph report from Albany on January 21 analyzes how renewed canal agitation may affect the Republican Party. It notes public works chief Frederick C. Stevens advocates a federal ship canal replacing the 1000 ton barge project, while anti canal districts fear political consequences and graft scrutiny amid slow progress and high costs.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Frederick C. Stevens
Stevens
State Senate
Republican Party
Reform Club Treasury and Leadership Named
Abbot chairs electoral reform. L Carroll Root leads sound currency, Milo R Malthbie heads the library committee. The Reform Club maintains an office at 42 Broadway and reports a treasury of 70009 dollars.
Albany Banks Committees Discuss Williams Proposals
Albany January 21 banks committees meet with Clark Williams superintendent of banks to study Hughes commission remedies. Key topics include required reserve levels and interest payments by banks not savings banks. Williams plans bills reflecting his annual report and committee input with hearings to follow. He favors barring banks of discount from paying interest on small accounts and extending savings-bank rules to department store savings institutions.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Clark Wiliams
Hughes
Williams
Egyptian Mails. New Triple-Screw Turbine Steamer
The Egyptian Mails line touts a new triple screw turbine steamer connecting Marseilles Naples Alexandria with rapid routes. Marseilles to Alexandria in 3 days, Naples to Alexandria in 2 days, first and second class carried. Also ads for La Guayra Puerto Cabello Curacao Maracaibo via Curacao with S S Caracas and S S Philadelphia sailing dates.</S>
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Egyptian Mails. Co
MarseilLes
Naples
Alexandria
Co. B. Richard & CO
Broadway
New York
la Guayra
Puerto Cabello
Curacao
Maracaibo
San Juan
P. R
S.S. Caracas
S.S. Philadelphia
S.S. Maracaibo
S. Zulia
Boulton, Bliss & Dallett
General Managers
Wall St
Hamevec
America
London
Paris
Hamburg
P.lincoln
Pennsylvania
Gibraltar
Genoa
Moltke
Oceana
Nile Nile
Luxor
Amsoust
Anglo-Am
Hamburg-American Line
N. Y
Fall River
Reoucen
Boston
Newport
Providence
North River
Warren St
Plymouth
New
Norwich
New London
Clarkson St
BE. R
Maine
Chester W. Chapin
New Haven
North
Lye
New Hampshire
Three Men Held After West 108th Street Raid
Three men arrested in a raid on an apartment house on West 108th street were arraigned in the Tombs court on a fraud charge against Hamilton Bank Note Co. In December and January, tickets worth 14,000 were stolen from the company, with another 21,000 found today in Washington. Wimsett, Hess, and Meyer claimed identities, and bonds were set for examination on upcoming days.
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Tombs
Hamilton Bank Note Company
No. 8
Gold Street
Washington Railway & Electric Company
Hamilton Company
Washington
Richard Wimsett
George Hess
West 11Kth Street
George M. Meyer
West 10Th Street
Butts
Wimsett
Shields
Hess
Meyer
Wilbur
Canal Work Outlined for Barge Canal Contracts
Frederick Skene, State Engineer, spoke to the canal committee urging revision of contracts for the Erie Champlain and Oswego project. He outlined a 40 mile newly constructed or enlarged system and a total estimated cost of 101 million dollars with contracts awarded and plans progressing, showing substantial progress and doubling of contracted length during the year.
MENTIONED IN THIS ARTICLE
Frederick Skene
Canal
Chamber of Commerce
New York
Buffalo
Rochester
Hughes
Skene
Erie
Champlain
Oswego
Canal Board
Superintendent of Public Works
Advisory Board
Coler asks governor to probe New York City finances
Albany Jan 21 Bird Coler Borough President Brooklyn called on Governor Hughes to investigate the city finances and Metz's department. Coler claimed the city has funds for subways and major improvements but mismanagement prevails. He praised Hughes as a Democrat supporting home rule and states' rights.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Brooklyn
Bulletin
New York City Tax Lien Proposed to Boost Arrears Collection
Senator Saxe in Albany introduces bills to reorganize NYC property taxation. A key measure creates a city guaranteed tax lien on unpaid property for three years, with foreclosure possible after, offering sale of the lien. Proponents call the lien a safe investment and a way to shift tax collection burden from the city to buyers.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Saxe
New York
New York City
Father Knickerbocker
Pittsburg Stock Exchange to reopen after idle period
Pittsburg directors decide to resume the Pittsburg Stock Exchange next Monday as conditions in the city improve. Westinghouse affairs are strong, mills and factories run full time, banks have money, and business activity nears preflurry levels. Local business leaders favor the reopening.
MENTIONED IN THIS ARTICLE
Tribune
Pittsburg
Sunday Concerts Restore Playhouse Bill in New York
Telegraph report from Albany notes Senator Frawley introduced a Penal Code amendment to allow Sunday concerts in New York City in the same form as before Justice OGorman’s decision. Senator Hasenflug also proposed promoting marine engineers from the NYPD steamer Patrol to lieutenants.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Frawley
New York City
Justice O'Gorman
Hasenflug
New York
Reform Club Elects Officers Amid Renewed Activity
Trustees yesterday elected Calvin Tomkins as president of the Reform Club. Louis Windmilister was re-elected treasurer and Hanson re-elected secretary. Byron W. Holt named chairman of the tariff committee with Everett V. holding a post yet to be specified.
MENTIONED IN THIS ARTICLE
Reform Club
Calvin Tomkins
Louis Windmilister
Hanson
Byron W. Holt
Everett V
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