3
THE MORNING OliEGONIAN, TUESDAY, FEBRUARY 28, 1922
U. S. RIGHTS FIRST
IN FIXING OF RATES
State Borders Disregarded in
Rail Commerce.
TWO SUITS ARE SETTLED
Object of Interstate Commerce Sys
tem Declared to Be to Slake
System Adequate to Needs.
WASHINGTON. D. C Feb. 27. The
supreme court without dissent, de
claring that "commerce is a unit and
does not regard state lines," handed
down a decision today through Chief
Justice Taft upholding the authority
of the interstate commerce commis
ion under the transportation act of
1&20 to fix state railroad passenger
fares when necessary to remove "un
due, unreasonable and unjust dis
crimination against interstate com
merce." Two cases were presented to the
court. One was brought by the rail
road commission of Wisconsin
against the Chicago, Burlington &
Quincy railroad, seeking an injunc
tion to prevent the roads of the state
from putting into effect on state pas
senger traffic the rate of 3.6 cents a
mile allowed by the government on
interstate travel.
One Brought liy New York.
The other was brought by the state
of iMew York against the federal gov.
eminent, me interstate commerce
commission and certain railroads of
that state, on the ground that the
3-cent fare fixed by the public utility
commission produced reasonable re
turns to the railroads upon their
state -traffic. In both states freight
rates had been advanced to the inter
state level without objection from the
states.
"Congress, in its control of its in
terstate commerce system, is seeking
in the transportation act to make the
system adequate to meet the needs
of the country by securing for it a
reasonable compensatory return for
all the work it does," the chief jus
tice stated in the opinion. "The
states are seeking to use that same
system for intrastate traffic. That
entails large duties and expendi
tures on the interstate commerce
system which may burden it unless
compensation is received for the in
trastate business reasonably propor
tionate to that for the intersta
business.
Congress Has Power.
"Congress, as the dominant con
troller of interstate commerce, may,
therefore, restrain under limitation
of the earning power of the inter
state commerce system in doing state
work.
"It can impose any reasonable con
dition on a state's use of interstate
carriers for intrastate commerce it
deems necessary or desirable. This
is because of the supremacy of the
national power in this field."
Referring to the suggestion that
the conclusion of the court would
give the interstate commerce com
mission "unified control of interstate
and intrastate commerce," the court
declared that such control was uni
fied only to the "extent of maintain
ing efficient regulation of interstate
commerce under the paramount power
of congress." The decision of the
court "does not involve general
regulation of intrastate commerce,"
it added.
Fair Level Is Favored.
It suggested that ''the action of the
Interstate commerce commission in
this regard should be directed to sub
stantial disparity which operates as
a real discrimination against and ob
struction to interstate commerce, and
must leave appropriate discretion to
the state authorities to deal with in
terstate rates as between themselves
as on the general level which the in
terstate commerce commission has
found to be fair to interstates com
merce." Discussing the possible effect of
blanket Increases in rates in partly
ular localities where by discouraging
patronage earnings may be decreased.
Chief Justice Taft asserted that
should such results follow, the inter
state commerce commission would be
available for appropriate action.
Act Held Constitutional.
xne court declared, there was "no
room for discussion" on the question
of the constitutionality of the trans
portation act, stating that it "had no
doubt in the cases.
While "interstate and" intrastate
commerce are ordinarily subjected to
regulation by different sovereign
ties," the court explained, "yet when
they are so mingled together that
the supreme authority, the nation
cannot accept complete active control
over interstate commerce without
incidental regulation of intrastate
commerce, such incidental regulation
is not an invasion or state authority.
Replying to the objection that the
interstate commerce commission "is
not to regulate traffic wholly within
a state," the court said orders of the
commission "as to Intrastate traffic
are merely incidental to the reguta
tlon or interstate commerce and
necessary to its efficiency."
Blendlne Declarra Needed.
"Effective control of the one," it
declared, "must embrace some control
over the other in view of the blend-,
ing of both in actual operation." The
court stated the cases presented two
questions, one as to whether "inter
state passenger fares work undue
prejudice against person in inter
state commerce, such as to justify a
horizontal increase of them." In an
nounced it could not sustain "the
sweep" of the commission's order, "on
the showing of discriminations
against persons or places alone."
It Was in disposing of the second
question, as to whether state fares
in the two cases were undue dis
criminations against interstate com
merce as a whole which the commis
sion is bound by duty to remove,
that the court made its findings. The
transportation act, the court stated,
authorized the commission for the
first time "to deal directly with in
trastate rates where they are unduly
discriminating against the interstate
commerce commission" a power
which the commission formerly had
as to persons and localities.
Rates Held Important.
"Intrastate rates and the income
from them must play a most import
ant part," the court added, "in main
taining an adequate national rail
Way system."
Solicitor-General Beck, comment
lng on the decision, said "the govern
ment naturally is gratified at this
signal vindication of the underlying
theory of the transportation law of
1920."
"This notable decision," the solici
tor declared, "is a great step forward
. in solving the great problem of
transportation."
Jury Views Murder Spot.
LOS ANGELES, CaU Feb. 27 Mrs.
MadaJynne Obenchain, on trial here
t
charged with the murder of J. Belton
Kennedy, viewed the scene of the
tragedy with seeming unconcern to
day while the surroundings were be
ing: pointed out to the Jury. The
court made a 50-mile trip by automo
bile to visit Beverly Glen, where the
shooting occurred, and a point on the
Pacific ocean near Santa Monica,
where the prosecution contends Ar
thur C. Burch, co-defendant in the
case, threw a shotgun into the water
after using -it to kill Kennedy.
While the Jury was making Its In
spection Mrs. Obenchain sat on a step
where it was declared Kennedy stood
when the fatal Bhot was fired. On
the second step below her was the
faint outline of what, before the win
ter rains set In, was a well-defined
blood stain.
JONES ACT HELD VALID
SUPREME COTJRT DECISION IS
AGAINST ALASKA PORTS. :
Congress May Make Regulations
That Differ From Those Gov
erning States, It Is Held.
WASHINGTON, D. C, Feb. 27. The
supreme court, assuming that t'he mer
chant marin or Jones act of, June 5,
1920, does give preference to ports of
the states over those of the territory,
WHAT CONGRESS DID AS ITS
, DAY'S WORK.
Senate.
Debated Tap treaty through
out entire day, discussion run
ning into evening session.
House.
Considered District of Colum
bia bills. Representative Cable,
Ohio, introduced bill providing
for the transportation of immi
grants In American ships and
medical inspection of aliens in
foreign ports.
Representative Hill urged the
house to drop all forms of bonus
except cash payments and raise
necessary funds by permitting
sale of light wines and beer.
today in an opinion delivered by Jus
tice McReynolds in ddspoeing of a
case brought by the territory of
Alaska and the Jun-eau Hardware
company against the collector of cus
toms for the district of Alaska, held
the law valid.
'Obviously, the best interests of a
detached territory may often demand
that its ports be treated very differ
ently from those within the states,
the court stated, adding, "we can find
nothing in the constitution itself or
its history which compels the conclu
sion that It was Intended to deprive
congress of power so to act."
Alaska protested that the Jonea act
discriminated againet the territory by
imposing penalties upon Its commerce
with the states which is carried in
foreign ships, while it permits ship
merits between tlhe. states, to proceed to
and from Pacific coast states without
penalty by way of Canada, and British
ships. The court held tiiat tie acts
of congress superseded the treaty
with Russia by which Alaska was ob
tained, and' that while the Jones act
relates to commerce, it does not come
within the meaning of the constitu
tio-nal provisions which require all
duties, imposts and excises shall be
uniform throughout the United
States."
PAY RULES ANNOUNCED
Foremen Not to Suffer Reductions
, . Even if Shops Curtail.
CHICAGO, Feb. 27. The United
States railroad labor board tonight
announced its decision on rules and
working conditions for supervisors of
mechanics in the maintenance of
equipment department of the rail
roads.
The new rules will tend to become
standard for all railways. They pro
vide that all such employes shall be
paid on a monthly basis and that
foremen who have seven-day a week
positions shall have two days off a
month, and if for any reason they
work these two days they are to be
paid extra on a pro-rata basis. The
rules also forbid the reduction of
foremen's pay because shops may re
duce working hours.
HISTORIC SPOT BARRED
Necro Refuses to Sell Grant's
School House Unless Freed.
COLUMBUS, O., Feb. 27. Unless
William Moore Jr., negro prisoner in
the Ohio penitentiary Is released by
April 27, the l'ttle red school house at
Point Pleasant, O., which U. S. Grant
attended as a boy, will take no part
In the 100th birthday anniversary of
the famous union general who later
became president of the United States.
Moore has refused high offers for
the old school house, which stands
on his land near Point Pleasant, until
he has been pardoned or paroled.
Three places win celebrate Grant's
birthday. Point Pleasant, where he
was born; Washington, where a me
morial will be unveiled and New York
where he was buried.
CITY MANAGER WANTED
Baker Votes Petition to Be Allowed
to Change Government.
BAKER, Or., Feb. 27. (Special.)
A petition bear'ng 535 names, asking
that Baker voters be allowed to vote
on the matter of changing to the city
manager form of government in the
May primaries, was presented to the
city commissioners at their meeting
this afternoon. Mayor Gardner said
the matter would be taken under ad
visement. E. P. Voruz, Harry Bowen, F. W.
Bishop, Al Phillips and' Joseph Stod
dard comprised the committee pre
senting the petition. They declared
that the signatories were representa
tive citizens and asked for favorable
action.
SPANISH INFLUENZA.
Guard against It by using
FORMAZIN, the ideal mouth wash.
Sold by Portland Hotel Pharmacy and
other drugstores. Adv.
Portland Firm Files Articles. '
SALEM, Or.. Feb. 26. (Special)
M. and H. H. Sichel, Inc., is the name
of a Portland concern that filed arti
cles of Incorporation in the state cor
poration department today. The in
corporators are Gussie A. Sichel, H.
H. Sichel and Chester G. Murphy.
The capital stock is $80,000. The
Woman's Store, with headquarters at
Klamath Falls, has been Incorporated
by H. N. Moe, William McNealy and
Ginevra Moe. The capital stock is
$50,000.
For Golds, Cirlp or infl
ul as s Preventive, take Laxative BROltO
QUININE Tablets. The senulne bears th
signature of 15. W. Grove. IBs surs yoa
get BHOMO.) JOc. Adv. ,
S. & H. green stamps for cash. Hol-
man Fuel Co., coal and wood, Broad
way 6353, 660-21. Adv.
SOCIETY BROKER IS
HT
A. D. Lindsay Captured After
National Hunt.
PROSECUTOR IS RAPPED
Additional Complaints Declared to
Have Been Made by Women
Who Are Willing to Talk.
NEW YORK, Feb. 27 Alfred E.
Lindsay," the broker, who today was
indicted by the grand jury of charges
of grand larceny and embezzlement
on the testimony of 11 women to As
sistant District Attorney Murphy,
charging the broker talked them out
of money aggregating $1,000,000 in a
stock pool swindle, was arrested to
night at Overbrook, Pa., five miles
northwest of Philadelphia.
He was arrested by Detective-Ser
geant Roddy of Inspector Coughlln's
staff and locked up for the night in
the Ardmore JaiL
DeteetiverSergeant Barney iooa.
who has been working on the case
with Roddy, tonight said he naa
mailed certified copies of the indict
ment and bench warrant to Lindsay's
captor. Roddy notified Manhattan po
lice headquarters of the arrest about
8 o'clock tonight and work of obtain
ing extradition papers was begun im
mediately. 1
Confidence Won by Story.
Witnesses declared that Lindsay
won their confidence by convincing
them of his close business connection
with leaders of finance, with whom
he said he had nightly meetings at
which stock exchange operations were
fixed up between games of dominoa
The indictment was based on the
complaint of Mrs. W. H. Arnold of
No. 152 West 74th street, that Lind
say obtained from her $17,000 for in
vestment in a supposed pool in which
Lindsay said he was associated with
several financiers who controlled tne
market. Mrs. Arnold said she lost
$30,000 In all through Lindsay. . Fur
ther testimony will be presented to
the grand jury tomorrow and other
indictments against Lindsay are ex
pected. ' More Complaints Reported.
Assistant District Attorney Murphy
who Dresented the case to the grand
jury said he has received additional
complaints against Lindsay and has
Information that some years ago he
operated as a private detective under
the name of Alfred Post of the firm
of Farrell and Post. Mr. Murphy also
has been told that Lindsay, or Post,
has a son 20 years old, living in Jer
sey City under the name of Post.
He has not learned his address or
first name.
Additional complaints against Lind
say were received by telephone letter
and through representatives of the
complainants, most of whom, Jtr.
Murphy said; are women who are
willing to tell all they know to tne
district attorney but fear that they
will get their names in the news
papers. One man who complained over
the telephone said he would meet a
detective on a certain corner and could
be Identified by a red-covered maga
zine which he would carry in his over
coat pocket.
Prosecution Is Rapped.
Miss Charlotta Nillson, a retired
actress living at the Hotel Bucking
ham who says Lindsay1 got $20,000
from her, told newspapermen that she
had complained against Lindsay three
weeksago and had been "waved aside
by an assistant district attorney and
told me that nothing could be done."
She continued:
- "This Is the biggest Joke I ever saw.
Now we are to be asked a lot of
questions, even our ages, I suspect.
What is necessary in order that jus
tice may be done? Must there be a
hundred complaints? Doesn't one
count? Is It quantity, not quality, that
is needed? Are they Impressed oily
by numbers?"
Mrs. Dorothy Atwood, 247 West
Seventy-second street, who alleges
she lost $20,000 through Lindsay, and
Mrs. Lillian N. Duke, divorced wife
of James B. Duke, the "tobacco king,"
who says she lost $375,000, also ap
peared before the grand jury. Others
under subpena were Miss Florence
James, 22 East Eighty-ninth street
Miss . Margaret Bogart, 15 Central
Park West: Miss Helen Burnett, 43
West Forty-eighth street, and Miss
Nillson. Miss Adelaide V. Rice, 75, of
Riverside, N. Y., telephoned she was
too ill to appear.
Flash Frightens Woman.
Others waiting to testify, though
not under subpena, were Major Re-
dondo Sutton of the Ritz-Carlton and
Dr. Kanute Arvid Enlind. In a cor
ridor photographers attempted to take
a flashlight of Mrs. Atwood. 'The
explosion causea ner to Decome nys
terical and she fell, striking her head
against a cabinet. She was revived
by Dr. Enlind.
Major Sutton, who forced Lindsay
to return $5000 he had given him for
investment, referred to himself as
"the biggest boob in the bunch" and
said Miss James was defrauded by
Lindsay "right under my nose." Miss
James' brother, Bradley James, who
stood near, said: ,
'I can't see why somebody dldn I
soak Lindsay in the Jaw."
Dr. Enlind talked freely with re
porters regarding his friendship for
Lindsay, who victimized him also.
THIEF WEARS SILK HOSE
Young Man Caught Stealing Lin
gerie Off Clothes Line. -
When Walter Jackson, 25 years old,
attempted to steal clothes off of Mrs.
Sig Sichel's clothes line back of the
apartments at 161 North Twenty
third street, W. C. Goodman, pro
prietor of the apartment, saw him,
gave chase and captured the thief,
who had stuffed under his shabby
coat four dainty pieces of lingerie.
, The arm of Justice was restrained
temporarily -when Mrs. Sichel refused
to go to the police station to Identify
her stolen garments, but Deputy Dis
trict Attorney Mowry finally decided
that Goodman could Identify the prop
erty, as he had seen it hanging oh
be clothes line, and justice resumed
its natural course. Jackson was ar
rested charged with petty larceny. .
When the Jailers at the city Jail
were searching Jackson, one felt a
peculiar roll on his leg just above
the knee. When he pulled up his
trouser leg he found the man was
wearing a pair of lady's silk hose.
DRIVER YET UNCONSCIOUS
Ernest T. Johns Hurled Through
Windshield as Auto Hits Train.
Twenty-four hom-s after he had
crashed his automobile in a freight
train at Grand avenue and Sherman
street, Ernest T. Johns was still un
conscious in Good Samaritan hospital
REPORTED
GAUG
from a crushed skull, sustained when
he was hurled through the windshelld I
and landed head first against the iron
side of a freight cay. Attendants of !
the hospital said his recovery was
doubtful. . , .
The other two boys Injured in the
collision, Gatano Piccolo and Earl
Stanish, were both released from the
hospital yesterday.
The accident occurred late Sunday
r.ight when Johns' machine, traveling
at the rate of 25 miles an hour, ran
into, a freight train standing across
Grand avenue. Although liquor was
found in the machine and one of the
occupants maintained that Johns had
been drinking, Captain Lewis of the
traffic department said that no action
would be taken until the outcome of
Johns' injuries were ascertained.
7 MORE BROKERS FAIL
FIVE NEW YORK FIRMS GO TO
. ; ' WALIi IN DAY.
One House at Montreal and An
other at Philadelphia Close.
Detroit Probe Begun.
NEW YORK, Feb. , 27. Financial
troubles overtook five more broker
age houses in Wall street today.
Involuntary bankruptcy petitions
were filed against four, while a fifth,
C. W. Starbuck & Co., made a volun
tary assignment for the benefit of
creditors.
Today's failures brought the totals
since last November to 85. The firm
of Mosher & Wallace was the first to
go down today, announcement of its
suspension from the Consolidated
Stock Exchange being followed
quickly by the filing of a bankruptcy
petition In federal court. Liabilities
were estimated at $175,000, while
assets were not stated.
The same fate overtook Thomas H.
Coley & Co and SheVry & Falkland,
liabilities and assets of the tormer
being listed, respectively, as $100,000
and $40,000, while in the case of
Shewry & Falkland liabilities alone
were estimated at $60,000.
.Neither liabilities nor assets were
estimated in the petition against
Gamble & Yates. This firm, like
C. W. Starbuok & Co, is an "outside"
house, with no exchange connections.
DETROIT, Feb. 27. Preliminary
steps in an investigation into the
affairs of L. J. Sinkula & Co., a stock
brokerage concern, were taken by
Prosecuting Attorney Voorhies when
the company's two offices here failed
to open, for business.
MONTREAL, Feb. 27 The broker
age house of Tousaw, Hart & Ander
son has assigned for the benefit of
creditors. The announcement was
made today from the rostrum of the
Montreal Stock Exchange.
PHILADELPHIA, Feb. 27. The
brokerage firm of P. K. Guthrie &
Co., members of the Philadelphia
Stock Exchange, mado a general as
signment today.
VALUES WILL BE FIXED
Oregon and Idaho Commissioners
"to Hold Interstate Hearing.
SALEM, Or., Feb. 26. (Special) -
H. H. Corey left here tonight for On
tario, where he will attend a hearing
of the Oregon and Idaho public serv
ice commissions with relation to fix
ing the Valuations of the Idaho Power
company. The corporation operates
extensively in both Oregon and Idaho.
There also will be considered at this
hearing a petition asking for the
elimination of a 10 per cent surcharge
added to the power rates for irriga
tion works during the war.
Another hearing will be held with
relation to an application of the Ore
gon Short Line Railroad company to
establish tri-weekly service on the
Ontario-Brogan and Ontario-Crane
branches of the railway system. The
company at present is giving daily
service on these branches.
On March 4 a hearing will be held
at Elgin to consider an application
for an overhead crossing over the
tracks of the Oregon-Washington
Railroad & Navigation company near
Rhinehart.
RAIL PROFITS DECREASE
Earnings of Equipment Companies
Fall Below Those of 1920.
NEW YORK, Feb. 27. The extern
to which railway equipment com
panies 'have beeni affected by the in
ability of the railroad oompajiiie9 to
improve their physical condition was
asserted im the 1921 report of the
American Locomotive company.
Gross earnings were only $35,711,-
507 against $66,884,613 in 1920; gross
profits fell from $8,841,441 to $5,605,-
029 and the net credit to surplus ac
count after paying regular dividends
on the preferred and common shares,
was reduced from $1,861,126 to $833,-
786.
Total inventories were 'cut to
$4,751,901, compared with $15,119,342
in the previous year and1 total current
assets of $44,415,922 show a decrease
of almost $5,000,000.
HANGING SKELETON FOUND
Disappearance of Redland Ranch
Employe Thought Solved.
OREGON CITY, Or., Feb. 27. (Spe
cial.) Discovery of the skeleton of a
man who evidently committed suicide
by hanging himself to a tree today
was believed by local officials to have
solved the mystery of the disappear
ance of Louis Larsen, an employe on
the Otto W. Fisher ranch at Redland
and a twin brother of Peter Larsen of
Portland.
Larsen disappeared on November
14, 1919. Despondency over ill health
is believed to have caused him to com
mit suicide.
The skeleton was identified by a
watch and personal effects which had
fallen to the ground when the cloth
ng rotted.
Still Seized; Men Arrested.
KLAMATH FALLS, Or., Feb". 27.
(Special.) A still and four barrels
ot mash were found, today in the
home of a foreigner booked by the
police as John Smith. The discovery
followed disclosures after Smith's ar
rest for beating a woman on Main
street. The woman alleged that Smith
owed her husband $5d, and when she
sought to collect it he struck her and
knocked her down.
FOR RENT
Splendid comer room on . mam floor,
50x160 feet, and part of basement on
Front street on three-year lease. Apply
80 Front street. .
v.:
T ON TREATIES I
BEGUN IN WE
Johnson and Reed Leaders in
Attack.
YAP DEBATE LAUNCHED
Opponents of Conference Pro
gramme Carry on . Deter
mined All-Day Assault. t
WASHINGTON, D. C, Feb. 27.
The first concerted attack on the
arms conference treaties, character
ized. by tactics which administration
leaders opemy charged suggested a
filibuster, was launched In the senate
today Just as, the foreign relations
committee completed its consideration
of the covenants and ordered all of
them favorably reported.
After several hours of wrangling a
unanimous agreement was reached to
vote not later than 3 P. M. Thursday
on ratification of the treaty with
Japan relating to Yap and other man
dated islands In the Pacific. Imme
diately afterward debate is to begin
on the other treaties resulting from
the conference negotiations.
Using the Yap treaty as the imme
diate vehicle of their discussion, but
interspersing remarks on many other
subjects and frequent quorum calls,
opponents of the conference pro
gramme carried on such a determined
all-day assault that the senate man
agers prolonged the session into the
evening In the hope of wearing down
their assailants.
One incident to the series of pointed
exenanges running through the de
bate was a complete disclaimer from
the democratic side that "political op
position" has been organized against
the treaties or had been counseled by
former President Wilson.
Johnson Leads Attack.
The attack on the Yap treaty, dur
ing which many stray shots were
taken at others of the arms confer
ence agreements, was led by Senator
Johnson, republican, California, and
Reed, democrat, Missouri. The for
mer characterized the Yap pact as "a
dismal prologue" to the conference
series of covenants, and the latter
openly charged republican leaders
with an effort to force the treaties
through the senate before the coun
try discovered what they contain.
When it became known that the
foreign relations committee had given
Its approval to the general far east
ern and the Chinese tariff treaties
the last two of the conference series
remaining before it the . expected
flood of proposed reservations began
to make Its appearance on the senate
floor. Three related to the four
power treaty, two offered by Senator
Robinson, democrat, Arkansas, and
one by Senator Pomerene, democrat,
Ohio. Senator King, democrat, Utah,
also drew up a reservation to the Yap
treaty providing that the control
given Japan over the mandated Pa
cific islands should be regarded only
as administrative and in no sense as
carrying sovereignty with It
The Yap treaty was defended by
Senator Underwood of Alabama, dem
ocratic leader and a member of the
American arms conference delega
tion. ,
Oregon's Best Coal Southport. Try
a sack. 7oe. Bdwy. 70. Adv.
ST
Two
kinds of
ketchup
Ketchup that makes
everything taste like
ketchup is one thing.
Ketchup that adds a
delicious tang to the
original flavor of other
foods and makes them
taste better is quite
another thing. That's
the difference between
ketchup and Heinz
Tomato Ketchup.
HEINZ
TOMATO KETCHUP
THE EQUITABLE
LIFE ASSURANCE SOCIETY OF THE U. S.
120 BROADWAY, NEW YORK
THE EQUITABLE'S 62d Annual Statement, from which the
following figures are taken, and which records substantial gains
in Assets, Surplus, Outstanding Insurance, Income and Payments
to Policyholders, will be sent to any address on request.
OUTSTANDING INSURANCE, Dec. 31, 1921. . . . $2,317,970,732
NEW INSURANCE issued and paid for in 1921 . . $427,193,301
Exclusive of $30,114,408 of Group Insurance.
PAID TO POLICYHOLDERS in 1921 $83,678,000
PAID POLICYHOLDERS Since Organization. . . $1,458,650,000
Over 98 of the domestic death claims paid1 in 1921 were settled within twenty
four hours after receipt of due proofs. of death, r
The rate of mortality among: Equitable policyholders for the year was the
lowest in the history of the Society.
During the year over $75,000,000 was invested for Policyholders at ' an
average yield of 5.88.
ASSETS, December 31, 1921. . i $655,301,018
INSURANCE RESERVE. $536,872,300
Other Liabilities 20,173,737 557,046,037
SURPLUS RESERVES:
For distribution in 1922 '
On Annual Dividend Policies . .$13,900,000
On Deferred Dividend Policies 12,248,772 26,148,772
Awaiting apportionment on deferred dividend policies. . 36,400,411
For Contingencies t 35,705,798
$655,301,018
THE EQUITABLE issues all forms of Life Insurance
and Annuities, including:
A LIFE INCOME POLICY
under which the beneficiary receives a monthly income for life
the safest and the best kind of insurance for family protection.
A GROUP POLICY
by which an employer protects the families of his employes.
A CORPORATE POLICY
to safeguard business interests.
A CONVERTIBLE POLICY
which can be modified to meet changing conditions.
AN INCOME BOND
to provide for the declining years of the purchaser.
AN ENDOWMENT ANNUITY POLICY
providing an income for life after age 65.
AN EDUCATIONAL POLICY
providing a fund for the college training of a son or daughter.
A POLICY TO PAY INHERITANCE TAXES
Full information regarding any of these forms will be sent on request.
Clark E. Nelson,
Oregonian Building,
popular 1
home for
Portland
visitors.
Manager.
PILES
Fistula, Fis
sure, Itching
and all other
rectal condi
tions except
Cancer perma
nently cured
without a sur
gical opera
tion. My method is painless, require
no anesthetic and Is permanent
There Is no confinement In bed, no
interference with business or so
cial engagements.
I eliminate all doubt as to re
sults by agreeing, to return your
fee If I fail to cure your Piles.
Call or write for Booklet.
DR. C. J. DEAN
24 aad Morrison Sts Portland, Or.
Mentionthis paper when writing.
AN ENEMY TO GOOD HEALTH
Good health has no greater enemy
than constipation. Foley Cathartic
Tablets are mild but sure in action.
They banish biliousness, bloating, bad
breath, coated tongue, sick headache,
bout stomach and other ills caused by
indigestion. Take one tonight and you
pill feel better in the morning,
SOLD EVERYWHERE.
TON
fdlefsenFuelCo.
Phone Broadway 70
301 Oak at 5th
Phone Your Want Ads to
THE OREGONIAN
Main 7070 Automatic 560-95
HJmpmal
W.A.DAY
Agency Mgr.,
Portland, Oregon
STNOPSI3 OF THIS ANNUAL STATE
MENT OF
The Bankers' Reserve Life
Company
of Omaha, In the state ef Nebraska, on
cne tmrty-nrst flay or December, lvzi,
made to the Insurance Commissioner of the
State of Oregon, pursuant to law:
CAPITAL.
Amount of capital stock
paid up S 100.000.00
INCOME.
Total premium lncqme for
tne year s .ji.is
Interest, dividends and rents
received during the year. . . 665.260.41
Income from other sources.
received during- the year... 63,478.57
Total Income 8,411,030.70
DISBURSEMENTS.
Paid for losses, endowments,
annuities and surrender
values S 862,469.71
Dividends paid to policyhold
ers during the year 299.712.66
Dividends paid on capital
stock during the year 10,000.00
Commiislons and salaries
- paid during the year 632,229.76
Taxes, licenses and fees paid
during the year S6.6S9.00
Amount of all other expen
ditures 2S3, 007.95
Total expenditures S 2.144.109.09
ASSETS.
Value of stocks and bonds
owned (market or amortized
value) $ 7.474,073.40
Loans on mortgages and col
lateral, etc 1,129,200.00
Premium notes and policy
loans 2,492,287.93
Cash In banks and on hand.. 461.090.00
Net uncollected and deferred
premiums 126,092.22
Interest and rents due and
accrued S3.031.70
Other assets (net) 17,249.93
Total admitted assets...
Less not admitted
.111.783,
28,
005.18
736.72
Total admitted assets tll.7S4.269.46
LIABILITIES.
Net reserves f 9,593,295.63
Gross claims for losses unpaid 17,662.00
Ail other liabilities 764,415.58
Total liabilities, exclusive
of capital stock of $100,-
000.00 $10,375,273.19
BUSINESS IN OREGON FOR THE TEAR.
Gross premiums received dur
ing the year $ 85,433.56
Premiums end dividends re
turned during the year. .... 15.494.94
Losses paid during the year. . 13.376.04)
Name of company, The Bankers Re
serve Life company.
Name of president, R. L. Roblson.
Name of secretary, H. C. Wagner.
Statutory resident attorney for service,
Insurance Commissioner.
"Cascarets"10c
For Headache,
Liver, Bowels
No griping or Inconvenience follows
a thorough liver and bowel cleansing
wltb Cascarets. Sick headache, bil
iousness, gases, Indigestion, sour, up
set stomach, and all such distress
gone by morning. Nicest physic on
earth for grown-ups and children.
10s a box. Taste like candy. Ady,
President
THOMPSONS
Deep-Carve Lenses
Are Better.
Trade-Mark Registered
THE SIGN OF
PERFECT SERVICE
T h o r o u ghly experienced
Optometrists for the exam
ination and adjustm e n t s.
S k i 1 1 ed workmen to con
struct the lenses a con
centrated service that
guarantees dependable
glasses at reasonable prices.
Complete Lens Grinding
Factory on the Premises,
THOMPSON
OPTICAL INSTITUTE
For the Conservation and
Betterment of Human
Vision.
(Not a School)
200-10-11 Corbett Building,
Fifth and Morrison Sts.
Established 1908.
Chas. A. Rllftnn
Pres. and Gen. Mgr.
Ml CARRY GERMS
IN YOUR THROAT?
CROWDED places mean germ-laden
atmosphere poorly ventilated cars,
railroad trains, sleeping car berths,
offices, theatres and schools.
Reduce the number of germs and
chances of contagion, by carrying with
you theconvenient-to-take, pleasant tast
ing yet powerfully antiseptic Formamint
Tablets. Let one dissolve slowly in the
mouth, now and then. You will find it
most refreshing and toothing to sore
throat. Prevents throat infection; possibly
laryngitis, tonsillitis, influenza,
f Its powerful antiseptic mixes witfi the
saliva and thoroughly bathes the mem
branes in the mouth and throat. Get a
bottle today of your druggist. Relieves
hoarseness. Singers, smokers, speakers,
actors, lecturers, etc., find them helpful.
Children like them. 60c at all druggists.
ormami.
GERM-FIGHTING
THROAT TABLETS
FatTOftnunt if our trade mark. It identifies ourDroduct.
Btwr Cfvmie! Co. Inc., New York
m
XI