In reaching this determination I was helped by Mr.Loeb, then merely a stenographer in my office, but who had already attracted my attention both by his efficiency and by his loyalty to his former employers, who were for the most part my political opponents.

Mr.Loeb gave me much information about various improper practices in the insurance business.

I began to gather data on the subject, with the intention of bringing about corrective legislation, for at that time I expected to continue in office as Governor.

But in a few weeks I was nominated as Vice-President, and my successor did nothing about the matter.
So far as I remember, this was the first time the question of correcting evils in a business by limiting the volume of business to be done was ever presented to me, and my decision in the matter was on all fours with the position I have always since taken when any similar principle was involved.

At the time when I made my decision about the Limitation Bill, I was on friendly terms with the Mutual and Equitable people who were back of it, whereas I did not know Mr.McCall at all, and Mr.
Perkins only from hearing him discuss the bill.
An interesting feature of the matter developed subsequently.