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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (April 2, 1929)
BHsnaanaBBalBaBaBam ' ca.&pbagub EaslC Beownlo SHELDON F. SACKEtT PubKther - Salem, Ortgoa ' Tuesday April 2, 1929 I - Hearings on Farm Relief FTTHOSE who looked for President Hoover to unfold some X. magical plan for solvinsr the problems-of agriculture were disappointed "when he the buck back in congress. The senate committee has been holding hearings on the farm relief question, trying to get ; something in shape for congress when it meet April 15. The hearings to date have attracted comparatively little in- -a mm a A ' Tawkor noiTA rwu&vv ioma tr.rtiA Tt innr a-it aii TMvnnrtrr ,a , group of financial leaders were invited in to give their opin 4 ions on what ought to be done. But Rockefeller and the others did not feel they were dirt farmers enough to qualify on the agricultural problems. '.' The farza orc&nizatibns The head of the national grange urged the export debenture plan again. The Farm' Bureau is rather standing aside with hands in pockets. And George Peek who represented a group of farm leaders so militant he could not support Hoover, is on the outside looking out. The hearings have been some what perfunctory, the general opinion being that congress will pass some law along the .whether the country needs it We are to have a board. aries and expense accounts. And the board is to have $300, 000,000 to start with. Some thought it ought to be more be cause this amount would be lost and more should be provided. That of course is logical: if the government is going to throw three hundred million away why not go the whole limit and make it over a billion as Brookhart recommends? Frankly what we foresee spigot in the government rainbarrel and opening it up. The money will not reach the farmers ; it will largely be frittered away in machinery, operating expenses, and foolish ventures to bold up prices. Artificial interference with prices has nearly always, had terrible repercussion. Witness sugar re striction in Cuba and rubber dies. The only sensible way ket them, not to buy up the nite time. v Sensible encouragement of co-operative marketing will afford some relief; but not much additional legislation in this regard is required. We fancy that President Hoover presented no plan because he had no plan, and from his study of the situation he could devise no plan Wyhich would rive the farmers all their leaders seemed to expect. Nor have we a plan. For eight rious panaceas that were proposed, but they were full o: flaws, which gave promise of doing more harm than good. When the hearings are nriated and the new board set go on just about as before, with good times and bad times, irood ctods and Door crops, good prices and poor prices, prof its and losses, prosperity and depression. The period of 'the acute farm distress is past. We think that is the real rea son why there is so little interest now in the farm relief 1. Mn XT4-1 Ji n mnli !i vanntnul nnfliini totisV lo at. pected; nothing much is possible. 1 Hoover Gets Applause IT1HE trouble with the Hoover administration is that It X is starting out too well. merous changes in presidential ly astounding public approval. - is manifesting 'cordiality. And the proiessionauy cntica. publications like the New some words of commendation Well-begun is half-done. the presidency. There will be ing political waF-dogs when Hoover really treads on some influential toes or pokes ajstick at some of the mummies that flourish in Washington. The democratic press, what there is left of it, and the cantankerous "independent" magazines with socialistic complexes, will find opportunity to thrust their harpoons at Hoover's spacious frame. Pending that time it is really enjoyable to read the following from that .staunch Democratic paper, founded by Joseph Pulitzer, The St. Louis Post-Dispatch. "What a spectacle it is! Here are the New Republic and the Nation, neither of which supported Mr. Hoover in the presidential campaign., applauding him. Here are the great democratic dailies, not one of which supported hint in the presidential campaign, urging him to keep up the good work. After all, -why should ble, as efficient and as practicaLas the average good busi ness man? "What Mr. Hoover has done in the matter of meeting the press has filled everybody with a glad mrprise not equaled anywhere since stout a peak in Darien looked out on the Pacific ocean. What seemed a terribly difficult matter presented to Mr. Hoover no difficulty at alL JVhere other presidents had devised spokesmen, go-betweens - and shock absorbers, Mr. Hoover v simply announced that 'he would meet the press, that he " would tell it when it could quote him, and would say so when his utterances were merely for . "Perhaps thecountry is presidency that it has not known. If so, ll is something that has happened before. The period of the Antonines in Rome is often pointed out by historians as. the most sensible and efficient that any people has, ever enjoyed. Maybe Mr. Hoover, who has doae more sensible things, in three weeks than most presidents do in three years, is the precursor of a similar period in the United I The Story of James W. Wood call particular attention- another column on this Telephone Reglstm .The" McMinnviUe paperwas purchased last summer by two Iowans, L. E. and Jack Bladine. L. E. is U. S. revenue collector at Dubuque, was former editor of a paper at CedarFaDs and knows bis Iowa pontics. His son Jack, was a newspaper reporter in Des., Moines, the state : So the editorial comes from men who know Mr. Good's record in, Iowa. Some people have the idea that Good is merely a politician. He is a man with political horse-sense, which is not at all to his discredit: but he distinguished him self for his ability, in Cedar Falls- and in congress. He 'will prove a resourceful and competent administrator in the war department. V Bishop Brent, who died recently in Switzerland, will be remembered as one. of the most consecrated of the bishops of the Episcopal church. He was broad-minded in his the ology, and devoted to his ministry." He served 17 years as bishop of the Philippines, rejecting offers to return to im- rJa-r&imlnnrtYfa in Vii Mmnfnr TT vs. a laarlav in f flA war against the opium traffic gate at tne ueneva conierence traffic At the time of his death he was bishop of Buffalo. " ' Gandhi, the Indian leader cents (one rupee) for. destroying xoreign-made cloth.. . lie mu3t have torn .his British made shirt Gandhi is a con-co-operative r wants the Indians to refrain from cooperating with the British; would use no machine-made merchandise. Fdblish of course, but India has Ion; been full of misguided religionists.. ' ' ' ' . : v v ? --" : . :.. t4Tha" TrttfiATi nt fhtk Inmhpr mv1rr I irmvintr Hot ter." No, that isn't news; it's the regular Monday report of C. C. Crow in The Oregonian, which we have been reading wcskly for the psst cna cr two yesrs. If it is kept up beg c?'i'rh tv ? -n-r-'y b?!!ve it fi tree. said "Excuse me," and passed have been rather quiescent lines of the final McNary bil or not. A board means jobs with sal is merely driving another restriction in British East In- to control surpluses' is to mar excess and hold for an indefi years , we have listened to va ended and the money is appro- up we thmk agriculture wil Hoover's swift moves and nu practices have met with real Even the democratic press Republic have even permitted to creep into their columns. The rule scarcely applies to occasions enough for unleash not the president be as sensi-J Cortez and all 'his men upon its. information. 4 learning something about the States." to the editorial reprinted in nasre from the McMinnville I --i and served as American dele in aeaung wun ine arug and philosopher, was fined S3 "The Latest Thriller! ' Editors Say: THE SECRETARY OF WAR . - Many former Iowans llTlng in the 'Vest hare an acquaintance with James W. Good, Hooyer'a secretary of war. The impression I has g-one out that the appoint ment of Mr. Good was one simply of political expediency, in other words, the payment of a political obligation Jodson C.-WelliTer, formerly an Iowan. of later years of Washington, writes in a recent issue of the Christian Science Mon itor, an article that tells , Jost what kind of a man the new sec retary is. He says Mr. Good was a perfectly normal country town bow, with none of the advantages of either poverty or wealth. His parents provided him a liberal ed ucation; public schools, Coe col lege (Cedar Rapids) of which he is now a trustee; and a law course at Ann Arbor. After practicing a short time in Indianapolis he went back to Cedar Rapids and in a few years was elected city attor ney. ' . The Cedar Rapids' city council passed an ordinance sharply re duclng the price of gas purveyed by the local company. Of course the company fought it, and en forcement, on the ground of con fiscation, and started a long liti gation. The youthful city attorney knew little about law and less about gas. He presently discov ered that the gas company was preparing a tremendous fight, en- racinz hirh nriced lawyers and hif her nrlced experts to prove that ras could not bemaae ior xne prices fixed by the ordinance. Wheif time for his summer va cation came on. Good quietly went liacfc to a small city in Indiana where a friend of his owned a gas company. He got a Job in the gas works, nnt on overalls, ana our- lnr the next three months worked long enough in every department to learn exactly what tne man factureand distribution of gas meant and cost. Then, and not till then, he went back to study the law of the ease. When It came on for trial, the ocDoeition lawyers and their ex- nrta were Bresared for a Roman bellaUr. Not a person in Cedar Rati td -knew how Good spent that vacation. But .when Good started rrosa-examinlnr the experts., ana presently had even, the most expert of them, tied Iiva hara Knoc ny his demonstration I that he knew more, about gas than they did. ai awfnf snsnlrion arose that-thli was not going to be the usual tria of such a case. And It wasn't. . The more they testified and the mora Good cross-examined them, the 'more the experts floundered. The young city attorney didn't talk much about law, but insisted upon the facts, about which it became very evident that he knew more than anybody else. The city won its case. The company appealed, ultimately carrying the .case to the supreme - court or the United States. All along the linn Good won, , the supreme court iinauy sustained hlm.r, That case, familiar to all publici utility authorities aa the cedar Rapids gas case, established some of the most Important precedents In public utility regulations. Its present peculiar significance con cerns its . bearings on the, whole tremendously Important : problem of valuations,-earnings t and eon stitatiocal rights of puhllr uUHty corporations. '.' . f-fr -"-v. 4: The danageaxeat. ot:.i, ear? was chsnterlstic of Good's meth ods. Afiir jrears afterward he was elected to congress, and secured place on the house appropria tions committee. He made few speeches.- bat diligently studied organisation and ' business meth ods of government. Finally, when good fortune and 'priority ; rale brought him to tfce cbairmanshl? of the commute. found "klr- r iTiJiMT - - - i ' i : Who's Who & Timely Vio wo Flood Conditions on Mississippi Closely Watched By UKJ. GEN. XDOAX JASWOT Ckur r stmt figliwi (Idfir Jsdwia bora t HomMiala, Pa Am. 7, 1865. B stsdiad at Lafay ette eallttt and waa la tar gradaated front thiVaiU State KHHarr Aeadr and the School ( Application), ia eagiaeerina;. He waa preeaoted throask the raaka to the office of chief of enriaeor with the) title of taajor ceaeral. ia 1928. Ha waa ita tiaaed at the Panama eaaal dariag four Tears of Ita coaatrvcUoa sad aerred ia rraaee daring the World war where lie aoperrieed eariaeorlag work ever 10,000 men. He had boea awarded the Diatin guUhed Serrice KedaL) - Present conditions on the Miss issippi, and its tributaries are not considered serious and the danger of a flood comparable to that of 1927 has passed - ..I.., ,,TVi.a irj-rv a a n kai. rams occur. Arovy engin eers, however, are watching the Mississippi closely, particu larly the lower end of the river as the crest of th0 flood ap proaches the Arkansas river. t n u s iar no J,, d a m a r e has been suffered L JADWIN by the levees under construction by the government at points along Ing demand for money that was ever presented to any appropriat ing body ia the world's history. It was the budget covering appro priations at the peak of the world war expenditures. He Immediately . took charge of the reorganization of those appro priation bills; pruned them down by many hundreds of millions of dollars: and, the- republicans claimed, completely vindicated their, charge of democratic extra vagance. , ; 4 All this time Good: had been studying' this business' of appro priating government money, and decided that a budget system must be set P or it would be utterly impossible te bring finances into control .andrio discharge the war debt. He wrote the budget hill, which was passed hy congress, bnlylto he- rateed by President WUson? who; thought 'himself In favor of the budget system, vetoed this hill because of some details which lie regarded as -unsatisfactory. Its later passage following the incoming Harding administra tion. Is a matter of history. r Good resigned from his seat In congress and opened a law office In Chicago. His practice rapidly grew to immense proportions. He was through, he thought, with public life. But Calvin Coolidge decreed otherwise. He wanted his organising ability In his 1 2 4 campaign. .That Job done Good went back to Ills law office and but for Herbert Hoover would still be there. Responding to draft he tok charge of Hoover's p recon vention campaign; and later the western campaign for the nominee. His crtties say he will be the politician "Parvvexcellenee of . the administration, Those who know him know thai he will be a great deal , more Uan that. McMian. vIH Tclcx-one-Register. . Organization of the Oreron Honey Producers Cos. a coopera tive association open, to every hon ey producer in the state, was com pleted Saturday, night at the y ft rrrt r-jrya, 47S Korth m COOPEIMTI the Mississippi, the building of which was made necessary after the 12T flood. As to the Mississippi floor-pro tection plans the Cairo floodway project Is, one of the most neces sary of the entire program. By the construction of these levees the Mississippi would be enabled to overflow Into an emergency chan. nel several miles wide. Its present channel is but two miles in width, Under the plans the present levee at Cairo would be lowered and the area between it and the new high hack levees would provide the floodway. . Army engineers are cooperating In tvery way possible to safeguard the levees along the river and its tributaries. General instructions have been issued from engineers headquarters in Washington, to army engineers in the field to re pair the damaged levees, regard Jess of whether or not they are government - constructed. Two thirds of the cost of repair work of this nature is borne by the gov. ernment, under the flood leglsla tion passed by congress. In addi tion to the commissioned engineer. ing officers, enlisted men of the army corps are stationed at stra tegic points along the river to as sist in the protective work. 24 th street.' Fourteen honey pro ducers are represented In the in itial membership. The association was formed at the suggestion of the Oregonehamber of commerce, Fred Burya was named as pres ident of the organization. Regin ald Busey Is vice president, George Rhoten treasurer and H. M. Mead, secretary. - Headquarters of the cooperative will be made In Salem, It was an nouneed Saturday night. One of the first acts of the new coopera tive will be to furnish a standard blend of honey to the market. ko. 1 Sraopaia of the Aaaaal Stateeaeat of the Oreae Life Iaaaraaeo Ceaapeajr of Port Ua4 ia the State of Orecoa oa the thirty firat der of Deeeatber. ms, made to the Iaanraaca CoauUaaioaer of the State I Uregea, srsaaat to law: CAPITAL - Aaiooat f capital stock paid up. EC COKE Total roomiam iaeeate for the jear, fl.seo.l6 1.01. . Iatoroat, Siridoada aad rati received darter the rear. Sll.0.09. Iacoaie fro at ataer aoarces received flartar the rear, S173.502.27. . Total laeooM, $3,7J.105.ST. DI8BUKSEM CKT8 raid for loeaoa, eadowaieata. aaaaitiec aad aarreader to loo. S5S4.TO0.4S. D4tU and topoliejholdora darlag Dfridaa't aaiC oacapltol atock darlag the year, S 7.0 00.00. . Cenauaaieaa aad alarlea paid darlag Ue year. S310.t7S.06. Taxea, lieeaaea aad. fees paid darlag oo jmmr, fi,u.3j,. 'tfESSu?. u ptto. Total oxpaaditerM. $1,S4,S5.S4. . - ASSETS . T!..'-1"1 va (Storket valae), il97.T17.Tl. - TstM a( ttocka aad aent ewaed (aw set or amortized TaSU. SS.SOS 110 SS. I- toaat oa atortgagea aad coUateral, ete Proaiaaa Bote aad aolicy laaaa, Sl,- , Ch ia aaaka aad aa Wad. f44.SSS.19 aaeoUected. aad deferred areaaiaau; Iatereet aad reaU dae aa aecraed, fts.sso.su v - Other aeaef a (aet). S1.979.M. 1 ' Total admitted aaaeta. S.70S.192J7. ' UAEiLrrnE8 . i Ke reterrea, 9S,0St,14O.0O. 1 Otoss eiaime for laeeee anpoid, f 15JS0. I An wtaor liabUitiaa, $802053.91. - Dialdeadav avneirUoaod to aoiierkaldara parable ia 1929. flSt.1940. Total liabilitio. azeiaarre of esvltal Stock mt tl00,0O0.U0. f8.103.57S.dl. c FOK THB TEAK Grow -reaiaie roealTod . daxiaa ' the year. fl.S3S.48S.31. Pretaiaaaa aad divideadt retttraed dar iar the rear, f lse.12S.as. - Xoeaes paid dariag the raar. t908.t25. Kaaao of coaapaa r Dreroa Ufa Iaaar- ao coaioaar. . . Kim mt prealdeeit C T. Adaaw.'-' - .'aaao o( aocratary t. jr. BtaiaaKer. Ptatatorr residrat attoraer for aerrice Teal. VTiafree, HcCallock Ehaler. Bits for Breakfast By R. J. HENDRICKS Talking of the tariff m m W. H. Bentley reported progress at the Salem chamber of commerce noon luncheon meeting yesterday, in the effort to secure higher pro tective rates for filberts and wal nuts. Mr. Bentley is manager of Jthe North Pacific Nut Growers cooper ative, and he appeared at the hear ings before the ways and means committee, preparing the new tar Iff bill, at Washington. The filbert and walnut grow ers are asking for a rate of six cents, a pound on both kinds of nuts in the shell, against the two and a half cents now charged for filberts and four cents for wal nuts coming from foreign coun tries. Also, the walnut growers are asking that the walnut meats rate be raised from 12-to 15 cents a pound. And there is a request for a higher rate on shelled filberts which is now five cents a pound. S "W "a There is every likelihood that these modest requests will be granted In the finished bill to ba introduced in the lower house et congress, and that the figures will stand In. the law. 1a W In that event, a great impetus will be added to the present activ ities in the development of the fil bert and walnut industries of the Willamette valley and western Washington. The time is certain to come when our district will be the edible nut center of the Unit ed States, and everr helD that can oe given this development will be or oenem in speeding it up, as it should be speeded up. S The land in walnuts in Califor nia, as was recently shown in The Statesman, was on January 1 of last year 129,112 acres, about 46 and a half per cent of the acreage in bearing trees. But a large per centago- of the bearing walnut trees in California are being taken up. and this movement is bound to go on steadily. A large percent age of the non bearing trees will never be brought to bearing. So that California will never have as high as 100,000 acres in bearing walnut trees. . S Oregon has now about 15,000 acres in walnut trees of all ages, and this acreage will constantly grow. It should not take Oregon long to catch up with California in acreage which is bound ulu mately to happen. The reasons are very plain now. California cannot market as high quality of walnuts as Oregon; not as white meated or good flavored a product. This alone would finally give Oregon the preferred place as a hut grow ing state. HO. T7 Sraopsio of Aaaaal Statement of the U. 8. Branch Saa Iaaaraaeo Office Ltd.. of Loadoa, ia the Kiagdoot of Great Brit ala aad Irelaad. oa the thirtr-firat da? of December, 1928, nea to the Iaaar saee irommiasioaer o the State el ore- goa, -parauaat to law: I Ar ITA I. Amount of Statutory Deposit void aa. 9w.uuu.uu. INCOME Xet nreauania reeeired doriar the year. f4.SS2.919.15. latereaL dividend! and reata received anting the rear. S299.zi5.B3. Income from other eoureei reeeired daring the rear, f 1.105,821.45. Total income. - 5,67,956.42. DISBURSEMENTS Net losses Daid aria the Tear inelnd rar adjustment expenses. 92.123.315.07. Commissions and salaries paid dariag the rear, fl.414.514.06. Tales. Ureases and xaea . aaid dnrinr ior rear, oiov.ovs.k. Amount of an other expenditures. 92.- 132.283.28. Total expenditures. 95,859.504.88. ASSETS Tslae ad stocks ond Honda Tmar- ket Tslua). 98.729,038.15. caan ta baeke aad oa head, 9581, 178.88. Premiums ta coarse of collection writ ten since Sept. 80. 1928, f 943.63 8.15. Interest aad rente dna and aeernad. f72.101.S7. Otker assets. f34.249.2S. Total admitted assets. 98.940,205.29. LIABILITIES Greea elatasa for losses annals- SSOS.. 031.00. Amount of aaearaed nremiama aa all oatstaadiag risks, f4.611.788.03. Doe for commission aad brokerage. fJl.OO0.00. All other liabilities, f275.33S.79. Total Habilitiea. exolaaira mt atatatnrr deposit of S4OO.0O0 f5.SO4.150.82. JSUBtaiCBM Irl VRKOOS' - FOR THI TEAR At wremiaaia reeeired dnrins? tho -rear. f37.95l.94. ' ' Unti pais daring the year 920.490.49. Lftsea incurred dnrinr the Tear. 820.. T87.99. ' ' ' ' Jitmi af eomoanr TJ. 8. SnuV Ran Iaaaraaeo Offieo Ltd. - , asm of prasidant O.-Trecaskia. Xaae of secretary Elliott Middletoa. Stataterr residoat attorae lor serrice Insnranee Coaaussioner. , VO. 9S . . Srawpais af tko Aaaaal Statemeat af the Aaserieaa Credit Iadesaaitr CoatpaaT t Koar York af 8t. Losria, ia Ue Stat af Missouri, oa the thirtr-fire da of Do eentaer. 19J28. assda to Ue Iasmraoce C missieaer of the State of Oreron, par aaaat to laws - . . - . CAPITAli Amount af eonitat ilvlr n.M m-n 11,000,0000. , , 4 EfCOJIK Set aremSams! rceoired dnrisva? tit vmv. St.212.S2S.S1. r- laterest, dirideada aad rents reeeired dariaeTUaToar.flS4.184.il. IaeoaM . from other anareea hmIiJ dnriac Ua year, 911.153.98. aoisa income, sz.4oz.bs6.70. ' - piSBUKSEkCEKTS ' Set lessee paid dnrinr tny Sarad- ag adMatmont cxpoaaea. fl.0SS.95O.7S. Drridoaa Bald mm -Mnlr.l at.k- J...I- the rear, f 160.000.00. Casasaissioam and aalarioa mml lnn the roar, f 745.313.72. - Taxes. Jiesea and foea paid dariag tka year. f59.231.90. Amasiat mi all aAm ' m..Jthn Total expeaditaree. 92.499.173.96. . ' ' ASSETS .. ket rahso), f S.709.5M.OO. . - vmm hs hanks and hand f294.579.65 Premiama la coarse mt mIUmim wis. tea since Sept. 80. 1928. f 222.594.00. ' "d rests das aad aecraed. Total admitted esseta. f . L132J3. , LIABILITIES Gross elainsa foa loaaaa II Osta . 999.98. ' Adfeittaaal reterrar for Inanta. tian nnn Amount af aaearaed trmAnci m all oatstaadiag risks, f 1.115,583.09. Ml other JiabiiiUea, 9102.584.19. ' Total liakilitiea. azrmsrro of oaattaT ttock of 91.900.00O 62,477.tS7J5. . . bcsixes8 t5 obeoos " .' - for the Tear Tet WMihuBi neoisoJ wnrioa tmm f24.54S.0S. . . - leases paid durtnc the 7sr. f 17.082.98 TiOesea' utearred dnrinr tmm roar. 11T . Name' af " romaanAnMrUan . rVadit tademaitr CaansaaT of New Tork. . , Name of president J. T, UtTmCi. ame et aecretary L. J. Xooss. Statntorr- eaidat- atiana tmm aow ,-iee -V. E. klarsk. - - But there are other reasons. among them the fact that in Call fornia walnut trees must be irri gated, ant there, is not enough ir rigation water for the orchards. and the quantity is being pro gressively lowered. In the streams, nnd the irrigation wells. Also, on this account, and for other reas ons, walnut tree diseases are mak ing the growing of their product unprofitable in that state; com pared to the prospects for profits here, where the trees need no ar tificial Irrigation, and where the trees are comparatively free from disease. "a . All the claims of our district as a superior one for edible nut grow ing will bear the closes investiga tion. With perfect confidence, our people will be justified in speed ing up activities in these lines. Pile Pelion on Ossa, in mounting reasons for a nut boom here, and they will all be borne out by the facts and the natural conditions. This is one of the greatest prom ises looking to a Salem of 50,000 population, and then 100,000, and on up to a half million. Some of the other big ones are the devel opment of the flax and linen In dustries, and the certainty of ma jos irrigation projects here, bring ing a great sugar industry, among many other things, following fa vorable action in better protective rates on sugar, which will certain ly be granted in the tariff bill be ing written now. -a ' So the steady growth of Salem KO. 82 raopsis of Annual Statement af the orthwestera National Life Insurance Company of Minneapolis, ia the State of Minnesota, oa the thirty-first day of De cember, 1928, mace to the insurance Commissioner of the State af Ore ran. pursuaat to law: CAPITAL- Amount et capital stock paid ap, 91,100,000.00. INCOME Total premium income for Ue rear. f7.879.782. Interest, dividends and rents reeeired dariag the year, f 1,792,678. Income from other sources reeeired dnrins; the year, 9335,552. lot si income, sio.oos.oiz. DISBURSEMENTS Paid for losses, endowments, annuities aad surrender values, 92,370,900. Dividends aaid to nolierhaldara dnrinr the year, fl,257.229. Diridenda paid on capital stock dnr ins; the year. None. Commissions and salaries paid Cariag Ue year, 91,775,917. Taxes, licenses aad fees paid during Ue year. 9215,964. Amount of aU Other expeaditares, 9665,471. r Total expeaditares. 96,285,481. . ASSETS Vshia Of real aetata owned market mine), $1,749,203. ' Value of stocks and bends owned (mar ket or amortised value), f 18.512.824. Loans On mortrarea an iall.t.nl f 10.324,956. m na aetes aad policy loaai, fS,- 52 1.17 era Cm ia kaaks aad aa kaad, f 208. 481. . Netaacollocted and defamd fl.363.245. . ' ' "d rants due aad aecraed, foOl.329. otner assets fact). f26,465. Total admitted- asaets. f88.tP7.S7S. LIABILITIES ' 1 , Hot reserves. 826.767389. Grose eiaime for losses unpaid 9142.919 All ether liabilities. isimj ' ' Total liabilities, exclusive' of capita stock af 91.100.000 f30,644.750. PUBiatss ih OREGON FOR THE TEAR Gross sremiaaaa neaiva .4 i year, f59,23.43. " -PlJ,u" dlvldeads returned dor iar the year, f 8.867.13. Losses paid dariag Ue year, f 2.559.00. Cl"y The Northwestern National Lifolasuranee Company. 7 s-iroteai u. 4. Arnold. Name af Secretary O. W. Wells, Jr. Statutory resident attorney for service Iasaraaes Commissioner. Salaam. Ore. iiUHTai rsrw triv:i .f i lii ism aasa anjasa aPTTf f"T rr m -!!rw ii I' ll I 'IJ tiu ll PFanfT m.:J-jtw-m w- r . vrfT.n-.:Tn wiw. slo"s s - . If your Estate will be chiefly Life Insurance TTUMAN beinffs like to look into' the futare . . "to wonder what is in store for them . . and they look at the stars for the Answer ; . . and at the cards . d at their palms. " Yet, all the whfle, the Answer lies Hot in these things, not in the Future but in -the Present. What are you doiii :Today, to insure the Happi ness of Tomorrow ? ' . v . . One of the onestlAni nt A. answer to which will help insure Happiness for Tomorrow, is How can. you assure yourself that - -your insurance funds will give the greatest possi ble protection to your heirs?" , Whether or not your estate will consist of the proceeds of life insurance, you doubtless will hear Tt otn8 8uccessfully solved this important niC-U4may ?din their experienceprth while supestions for the safeguardino; of your own life insurance. v , , w elcoae visits and win trUdly relate eln&ur&nce Trusts are used also our iSfM ? wlye some parties - rwwsvsi icaktuiuii to United; States Old Ore&on's Yesterdays Town Talks from The States. Onr Fathers Bead April 1004 INDEPENDENCE -T h e M C- buiie narcuuuse ml ouicr wao u stroyed by fire, and with it 1Z.0C0 bushels of wheat and 1S00 bushfis of oats. Origin of the fire is in known. " VlrgiL Peringer, graduate ef Willamette university IS years ago ta visiting friends In this city while on his way to his home In Bellingham, Wash., from SAn Francisco. Dr. Brewer, who is putting up a new brick house on the corner 7f Court and Liberty streets, sars there are plenty of renters, as Jla has had one or two applicants ev ery day since the work, started. Hiss Minnie Worden ef Sa Francisco has been employed s deputy clerk In the office of U.e state treasurer. MISS DICK WINS HUBBARD. April 1. (Special!) The Hubbard high school is re joicing over the success of Miss Jacqueline Dick, senior, who was one of the orators selected to rep resent district number 4 la the national oratorical contest spoe anred bv Tha OreronlaJL. and tlie Oregon Bar association. The sub ject of Miss Dick's oration Is Ui coln and the Constitution." - is no gamoie. ak is as caruun aa toe 1 V A . - . f fact that water seeks Its level and day follows night. KO. 84 Rrnonaia of Annual Statement af tko Transcontinental Iaaaraaeo Oompany of New York, ia tha State af New tork, oa Ue thirty-first day of IHcember, 1928. made tp the Insurance Oommissioaer af the State ef Oreron, pursuant to law: C A FIT As Amount af capital atoek paid ap, f300.000.00. " INCOME Net premiama received daring iftm year, S707.40S.S1- T laterest, dividend aad rents received dorias; tha year, f40.628.29. - Income from other sources received during the year, 91,314.00. Total In coma, a 74.3.0. LISSUBCEMENTS Net losses paid during the year Includ ing adjustment expenses, 9423.7VU.eO. Dividends puis on capital atock dar iag the vasr. None. - Commissicns - and salaries paid Cariag the year, f242.509.88. Taxea. licenses aad lees paid sariag Ue year. 97.446.70. Amount of all other expenditures, f 99, 798.15. Total expend i tores. 9773.fiS4.7S. Value of atock and boaCa ewaed mar ket value, 9734.S20.00. - Valae of real estste owned (market valae), none. Loans en mortgages and collateral. aoae. ASSETS Cash ia kanka and oa kaad. 9469,- 793.93. Premiums Ia coarse of eolleetioa writ ten since Sept. 80, 1928. f2S9,007.4S. laterest aad reata doe aad aecraed aad reinsurance recoverable aa paid losses f 22.419.21. '. Total admitted assets, si.affD.034.cz. LIABILITIES Gross claims for losses anpai, fl25. 907.05. Amount of aaearaed premiums aa aU outstanding risks. f49L117.00. xrao lor commission . aad brokerage. aoae. AU eUer liabilities. 938,000.00. Total Habilitiea. exclusive of capital stock af 9800.000 f655,024.05. BUSINESS IN OREGON FOR THE TEAR Hot arosainma reeeired dnrinr Ue year. f 1.705.29. Losses Incurred daring the year, S7.30. Losses paid darias; the year. Nil. Kama of eomaaar-r-Transcoatiaental Ins nreace Cotapaay. name af vice-president r. v. layton. Kama af oecretary C. B. Roulet. SUratorr resident attoraer for service L. 8. Hoptield, Wilcox Bldg., Portland, urecsui. your estate. i i' Nattaa! Bant