New York Insurance Inquiry Recommends Major Reforms
A 319 page report by the state legislative committee criticizes lobbying and political contributions in insurance, calls for mutualization options, tighter investment rules, and a five year ban on sale of prohibited securities. It urges better supervision, policy valuation reforms, and penalties for rebates while endorsing economical management.
MENTIONED IN THIS ARTICLE
New York
State Insurance Department
Bey
Censure of the Insurance Companies Details Abuse and Reforms
The committee details investigations into Mutual Life, New York Life, and Equitable Life among others. It notes extensive misapplied funds, improper pool participation, and dubious relations with Kuhn Loeb Co and Harriman. It cites loans to Harriman and Kuhn Loeb, and questions annual payments to Senator Depew as unsupported. Ex Senator Hill’s services remain unspecified.
MENTIONED IN THIS ARTICLE
Mutual Life Insurance Company
New York Life Insurance Company
Andrew Hamilton
Paris
Hamilton
Equitable Life Assurance Society
A. Harriman and Kuhn
Hoch Hanged for Bigamy Robbery Poison Plot
Johann Hoch the bigamist, robber and poisoner was executed by hanging at about two o'clock today in Chicago. The special execution concludes a long criminal case that drew nationwide attention.
MENTIONED IN THIS ARTICLE
Chicago
Lil
Johann Hoch
Committee finds no solvency issues in major life insurers
The committee notes testimony from Hill was unavailable due to illness. It concludes that despite irregularities, there is no reason to doubt the solvency of Mutual Life Insurance Company New York Life Insurance Company or Equitable Life Assurance Society.
MENTIONED IN THIS ARTICLE
Hill
Mutual Tife Lesurance Company
New York Life Insurance Company
Equitable Life Assurance Society
Chicago Labor Troubles Threaten Building Strike
Chicago reports warn a new lockout mirrors 1900 when 50 000 builders faced six months jobless. The contractors' council demands end of sympathetic strikes or halt all work on the Borland building amid a dispute over non union stone cutters and alleged contractor plots.
MENTIONED IN THIS ARTICLE
Chicago
Building Trades
Borlnod
Martin B. Madden
Associated Building Trades of Chicago
Traction and Gas Company Deal Closes in Green Bay
Negotiations lasting a month end with a consolidation plan affecting Green Bay traction and fighting interests set for March 1. Green Bay Traction Company buyers acquire the Green Bay Gas and Electric Company stock in a deal involving Albert Murphy and others from Green Bay and Chicago. Purchase price not disclosed. Most lighting stock had been held by Sinclair Mainland of Green Bay and William Mainland of Oshkosh.
MENTIONED IN THIS ARTICLE
Green Bay
Wis
Green Bay Traction Company
Green Bay Gas and Electric Company
Seloz Albert M. Murphy
Prank KB
Mackey
Mitchell Jeanness
W. P. Wagner
George W. Kae
Sod
Roland M. Heskett
Chicago
Sinclair Mainland
Qiveen Bay
William Mainland
Oshkosh
Woman Arrested in Train Wreck Plots at Tiffin
Mrs. Cora Carpent er, a prominent local woman described as refined, was arrested in Tiffin Ohio on charges of wrecking a Pennsylvania freight train a week ago Wednesday night and attempting to wreck a fast passenger train the following nights authorities call this a mania for witnessing wrecks.
MENTIONED IN THIS ARTICLE
Tiffin
Cora Carpenter
Pennsylvania
Tariff War Averted In German Reichstag Debate
Berlin February 23 Chancellor von Buelow opened the Reichstag debate on extending reciprocal tariff rates to the United States until June 30, 1907. The session drew few members, with Ambassador Tower and Ciarrett present in the diplomatic gallery. The proposal aims to avert a tariff war while negotiations continue, noting the U.S. wishes for friendly commerce and both nations desire good relations. The measure passed amid mixed votes from conservatives and liberals.
MENTIONED IN THIS ARTICLE
Berlin
von Buelow
Reichstag
United States
Ambassador Tower
Ciarrett
United Staes
Great Britain
Germany
Crermany
Root
Ambanasador Sternburge
American Customs Administration
Roots
Conant von Schwerin-Loewitz
Food is sent by mail during siege of Belle Bishop
In Jacksonville Illinois during a siege of Miss Belle Bishop the U S mails are used to deliver food and water to the besieged proprietor. Police and county authorities clash when Attorney William H Hairgrove tries to deliver water and serves an assault warrant. The assault case is delayed to April and an injunction fails. Bishop offers to surrender if police promise not to enter the upper rooms.
MENTIONED IN THIS ARTICLE
Jacksonville
United States
Belle Bishop
Misa Bishop
William H. Hairgrove
Miss Bishop
Both Countries Seek Peace With Tariff Arrangement
The chancellor said extending the tariff period could look like a firm settlement while a shorter term would not allow time to overcome obstacles to a commercial treaty. He reminded the Reichstag that Germany’s negotiations of treaties with...
MENTIONED IN THIS ARTICLE
Germany
United States
Reichstag
Jarmaniy
Eddy predicts coal strike avoidance through compromise
Walter S. Eddy, president of the Consolidated Coal company, says he does not believe a major coal strike will occur this spring. He expresses confidence that a compromise will come as the new $5,000,000 corporation unites a dozen coal mining firms in the Saginaw valley.
MENTIONED IN THIS ARTICLE
Saginaw, Mich
Fer
Walter 3S. Eddy
Consolidated Coal Company
Saginaw Valley
Miners and operators shift stance amid looming talks
Both sides have altered positions and expect a compromise through mutual concessions. The Michigan district anticipates no obstacle to agreement if allied states reach consensus. They deny preparing for a strike, likening their situation to passengers in a moving car.
MENTIONED IN THIS ARTICLE
Michigan
Great fire at Frisco cripples city power system
A major fire at the Frisco Electric and Telegraph station in San Francisco caused an estimated 750000 in losses and halted power for newspapers and many firms. Telecommunication lines were disrupted as Western Union and Postal circuits diverted power from the burned station. Efforts target temporary plants, with no clear restoration date.
MENTIONED IN THIS ARTICLE
San Francisco
San Franetaceias and Electric Company
Smany
Western Union
Postal
City Attorney Ousted Over Refusal to Prosecute
In Peoria Feb 28 Mayor Tobeon dismissed Assistant City Attorney Me Neemer following a clash with the city attorney's office. Neemer refused to prosecute two saloon cases challenging hearboring slot machines. In Athens Feb 23 politicians in the Eleventh district claim Grosvenor’s defeat stemmed from alleged bribe payments by lieutenants to county delegates before the convention.
MENTIONED IN THIS ARTICLE
Peoria
Tobeon
Me Neemer
Athens
Eleventh
Charles H. Grosvenor
Wairfield County
Chicago market totals show steady cattle and hog prices
Chicago reports indicate cattle and hog markets firm with steady or higher tone across segments. Official receipts yesterday run high at 26 100 hogs and 7 000 cattle with mixed packers and heavy shipping grades showing gains. near-term receipts and tomorrow outlook remain strong.
MENTIONED IN THIS ARTICLE
Chicago
Hegher Light
KnoxRailroad Regulator Bill Read in Senate with Review Provision
The Knox rail regulation measure, read at length on introduction, seeks court review of Interstate Commerce Commission findings. It extends federal control to all common carriers by rail or mixed rail and water and requires just and reasonable charges with IC C-ordered reductions as maximum rates.
MENTIONED IN THIS ARTICLE
Washington
Penh
Knox
Senate
Clowe
Committee On Interstate Commerce
Interstate Commerce Commission
Electa
Congress
United States
Review Provisions Outline Commission Orders Time Limits
The document states orders of the commission, except money payments, take effect within a reasonable time not exceeding two years and may be set aside or suspended by the commission or court. It allows carriers to seek equity review in federal court for questions on rates or practices, with limited grounds to challenge the order. It also covers deposits or bonds for rate reductions and a separate appeals rule restricting appeals to the Supreme Court within thirty days from final decree.
MENTIONED IN THIS ARTICLE
Commission
Interstate Commerce Commission
Elrenic Court of the United States
Court of Equity
United States
Circuit Court
Supreme Court
Kiely Seeks Lawyer at Trial in St Louis Police Case
The Missouri supreme court en banc issues a mandamus write at the request of Matthew Kiely, suspended St. Louis police chief, to force the board of police commissioners to allow him legal counsel at his trial on charges set for February 27.
MENTIONED IN THIS ARTICLE
Kiely
Jeffreson City
Supreme Court En Banc
Matthew Kiely
St. Louis
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Odell
Chauncey M. Depew
Senator Depew
Hoch
Traction
Green Bay, Wis
Boudoir
White House
Nicholas Longworth
Uncle Sam
Hope
Secretary Root
Frisco
Paralynea
Grosvenor
Grain Market
Beach-Wickham Co
McCall Bros
Cort
Nur
THE