Insurance Commissioner Nails Corrupt Spokane Firm
After accusations of overreach, Secretary Price is vindicated in his crackdown on a fraudulent insurance company.
The story, cleaned up
A cleaned-up reading of the newspaper page: spelling and layout repaired, one story lifted off a crowded page. It follows the original closely but it is not a transcription. The original page is below; read it if a detail matters.
The result of the recent trial of the general manager of the Farmers' Insurance Company at Spokane demonstrates that Secretary Price, in his capacity as insurance commissioner, fully understands his duty and was acting in the interests of the people in that matter. The conviction of Manager Hopkins contradicts the charges he made at the time the secretary put the company into the hands of a receiver. It was maintained then that such action was without just cause and that the interests of the farmers of Eastern Washington, among whom this company was especially operating, were being trampled upon by Mr. Price. It appears, however, that it was the managers and officers of the company who were the enemies of the Washington farmers and that the secretary has stood honestly and manfully between them and the outrageous rascality of a gang of unconscionable robbers. Secretary Price acted promptly and he has done a good job, one which will inspire the public with more confidence in the insurance companies that pass muster before him.
“The secretary has stood honestly and manfully between them and the outrageous rascality of a gang of unconscionable robbers.”
This reflects the timeless civic tension between regulatory oversight and the perceived 'trampling' of business interests. Today, this struggle persists in how the State of Washington oversees financial protections for consumers versus the pushback from corporate entities.
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