Show WANT LEGISLATURE TO RESTRICT LOANS ON INSURANCE ON-INSURANCE NEW Y YORK OnI Jan s As 21 As a i result i it is said aid of tho the discover discovery that much of tho the cash drawn I by policyholders from the tho treasuries of the tho hi big life lifo insurance in in- companies on loans loan during durin the therl recent rl nt currency panic were taken to Wall all street and nd Fold sold at a premium a movement mo has been started among influential in in- insurance men it was learned yesterday to obtain ottin at It tho the Pre present session session ses ses- sion lion of tho the legislature Ic JC legislation restricting re re- to a n considerable extent nt tho the fr freedom ellom with Hh which ch policyholders c have havo hitherto been ablo to borrow on their policies When it was seen ICeD that after the worst word of the financial flurry was waa over o and demands for loans continued ll aJmo almost t unabated unabated unabated un un- abated aud and from persons who might not Dot have havo been supposed to be 10 in need aced of ready mOD money lUt insurance set an in esti investigation on foot They art are I said wid to have havo discovered that a B. considerable consid consid- arable erable amount of the tho borrowed etl cash lah was b being in reali realized ed on at a pr premium in currency cur curS rency reney broker offices office also o that high rat rate loans were being male made with much of the mon money obtained fro from III them on policy loans loan t to get fet which they had frequently to dispose of hl high lI grade 7 and S per paying dividend ties tics In lu tho the insurance ins district f sentiment apparently favors enactment of ot ota a law whereby insurance companies might ht have ha privileges similar to those now accorded accords ac ac- cords corded in savings s banks in the tho matter of in savings with withdrawals t namely notice of or thirty to ninety days clays by ty policyholders rJ desiring n loans on their policies |