OCR Text |
Show TAX ON INSURANCE CONCERNS TOO HEAVY SAN FBANCISCO, Feb. 27. The Merchants' association of this city mailed to each member of the State Legislature yesterday a circular letter criticising ' insurance legislation now pending in Sacramento. It is claimed by the association that it would be impracticable im-practicable to require a deposit of $200,-000 $200,-000 from the companies doing business ia the State. It is shown that if each State should pass such a law the companies com-panies would be required to deposit f 8,800,000 ia America. |