Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: fact that the original capital for the department is raised on the credit of the government, that a sinking fund is created out of the proceeds of the accident branch for the redemption of the government securities when they mature, and that a deficiency in the cash funds of the insurance department shall be made up out of the public treasury. Any money advanced to the insurance department in this way is considered as a loan which is to be returned to the public treasury as soon as practicable out of the proceeds of the insurance office. Taxation.—The Commissioner of Insurance is liable to assessment and taxation in the same manner and to the same extent as in the case of an accident insurance company. AMERICAN STATES AND EUROPEAN COUNTRIES The following statement is quoted from the "Conclusion" of this Wisconsin Bulletin : A comparison of the laws of American states with those of European countries, especially Austria and Germany, shows that a great deal more has been done there than here toward working out a minute classification of occupations and industries according to the hazard involved and toward encouraging the prevention of accidents through the activity of the insurance corporations whereby the cost of insurance is greatly reduced and the burden of industrial accidents more equitably distributed. It is evident that these countries are attempting to do a great deal in the way of modifying their law relating to the legal liability of employers for accidents to their workmen by encouraging the organization of insurance corporations along trade lines, in which workmen will be collectively insured against accidents in the course of their employment, and still all the essential requirements of a solvent institution be carefully observed. CHRONOLOGY OF FOREIGN I...