The Oregon statesman. (Salem, Or.) 1916-1980, March 25, 1939, Page 10, Image 10

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    FAGC TEN
Tha OREGON STATESMAN Salem, Oregon, Saturday Morning, March 25, 1939
Plhotos HigMlidHt News
LEIPZIG
CHEMNITZ
a-- rv.Avt m jew . -. -
Th second partition of C4echolovslda, conducted
under threat of Nazi armed Interference, dissolve
tha war-born republic and threa tiny rtatea rite
from its remains. They are (1) Czech "state- com
s
T ,
w . -.
1
if'
State Theater square,
.
?
ui Ttmom old ZUorska
W1 , V-ii:
w-' r"ijii --ilj, .mttk
" , v ' ' x- '
These two views of Bratislava, capital of Slovakia, now placed under
Germany's "protection,'' show the qualntness of this hitherto little
known city of central Europe which, overnight, has become a cen
ter of world interest.
A?
One of several relatives of the
new. pope living in the, United
States, Silvio N. Vltale, 28, of
Watertown, Masa, is a nephew of
' Pius XIX. Vltale, an artist. Is the
on of the Italian vice consul in
- -- Boston,
:
: " - - O--. - '
!ccv' -::
. -'c -: - .: V" ' ' ;
M
This motile first aid station is England's latest h-"
novation In the air raid precaution movement which
continues at rapid pace while the eyes of the world
watch the rapid development of Chancellor Adolf
'.VfHFA-..,.w.,Sv-.v,-.w." .. v
KieLCE
prised of Bohemia-Mora via, a German protector
ate; (2) Slovakia, and (3) Ruthenia (the Carpatho
Ukraine), threatened with annexation by Bmv
gmry.
::::;::::-:::i:i:;:::::v::::;:;:vx;:;:;:
sllilllillli
r -
heart of Bratislava
I
street la
-
I ' re" a - 1
S :' x V. ' 'iv V i J
mm him
Xiidenee of united labor front Is provided by these two pickets, John
Brophy, top-ran king executive of the CXO and EUsrie Bloom, of the
AJP. of Z. Brophy, in Washington for labor parley, aids the girl picket
one of Wsahington's struck hotels.
Hitler's program
Europe. The first
ped with folding
wings wnen necessity arises. . .
Op
' 4
2AM0SK
I
1 '"
.J-.-r.
'ill '
Tom Decly and his bride
Two yean ago, on the eve of her
scheduled wedding to Melvin Pur
vis, former well-known federal
agent, Janice Jarratt, photogra
pher's - model, called the whole
thing off. But this time, Janice
goes through with it, but the
lucky fellow Is not Mr. Purvis, but
Tom Deely, a Texas utility com
pany employe. The two are shown
leaving the church at flan Antonio.
-, X 111 ST J
ill . :
of German eypanslfln in Central
aid station is an old bus equip
sides that open to form TiospiUT
erettalsSet H
One Week: Ahead
DALLAS The .oseretU "Tuna
In" will be presented by the
mixed" chorus at' Dallas Wgh
school Friday night, - April 1 14.
Instead of April a 4 as ortrlnaUr
scheduled, r v
The operetta Is a two-act ma-
JTcCO-lO J t-'
Iraovilt f lftkaal gtiUaut af ilia
Ulnw State, Brueh f Ua Brituk
rri(n M&rin, Iaa. Co.. Ltd. ml JUiver
ImmI. JSacUad, tk thirtr-Unt dj ,f
WMtw, 1B3, BMk to th, laiatmnc
CmmisioMr ( tk SUU of Orcron.
iMUt of daposit capital, f 400,000.00.
Vat vromlnmi rnsirA darinv tka aar.
M95.S23.87. ';,-'..
latatwst. aUTidaada and fraata nealad
dariac Uo y'. SSS.472.S5.
ucww inn, - ur--aeareao raeeiToa
Swriag taa yoM, S347.158.68.
' XISB0E8lfNT8
Sat loaaaa Mid dariac taa vaar iaelad.
ia adjastaaat tipniM, $355,273.02.
CoauainioBa aad. aalariaa Mid doxiaf
Ma yaar, ,ia,.ox.
iaxu, ucaatas aa Ices patd dariaf
Uo roar, 10.92.1.
DtTideada said aa casital itaek dnrisr
taa year, aoaa - s , .
aataaat of , an ataar oxpaaditmroa,
ai,i.o. . -
nut wMMitmi, 99,oi.aa. ;
ADMITTED ABSKTft
Talao of vaal aiUU owaad (atarkat
aiao), aoaa. -
artgaSM aad collateral, ate..
Valna of Soada owaad (amortisad), 1,
Yalaa of atocka owaad (aurkat valna).
Oaah la baaka aad oa kaad. S238,
1JS.
Pramlaai, la eoaraa of aollaetioa writ
taa aiaeo September SO, 1988. S4C.07S.40.
xatareat aad raata dae and aeeraed.
UUer anata (aat), 112,348.32.
Total admitted aueti, 12,522,982.90.
XiIABlLITIKS
Oroes claiiaa for loiie, Baoald. 8350
122.00.
aioaat of vaearaed vraatiaau aa all
oaiaUBOiDg ruka, f 127.804.VS.
Zna tor eonuniMioa aad brokerage, l2.'
VUV.VV.
All other liabilitiea, 9170,045.28.
Total liabilitiea. ezecDt eaoitaL I50.
172.24.
Deposit capital paid ap. $400,000.00.
Burping Tr all BabiUtiea, 11,472,
110.88. "
Sarplni as regards Mllholdere. 9l.
S79.810.ee.
Total, 2. 523,982.80.
BUSIWESS IN OREGON
TO! THIS TEAR
Xat premiOBta received dnrina taa vaar.
f ia,,a.x.
Met loisea said durinr tha year. 11.
818.45. . '
at loesea uearreA dnrinr tba vaar.
uaas 91,456.12.
Mamo Of CoaiDSDT. Brituk a roreira
jsanaa las. uo- itd.
Naate of U. 8. Maaacer. E. XL XIHl
Btattttorr resideat attoraaT for aarrlea.
v. w. u. Mcwregor, roruaad, Uregoa.
i No. 08-25
iTSOBtit of Aaaual Btatemaat af tba
Baakers JUfe Company of Des Moines,
I la the State of Iowa, oa th, tbirtr-firat
day ox lMeember, 1838. made to the In
avaaeo Commissioner of tka Btata of
Oregoa, pursuant to law :
UlrlTAli
Arnoant of eapital stock said tp,
' INCOMK
Total vremiom income
for the rear,
i 824.748.887.48.
latorest, dirideadi aad rents reeeiTed
dnriar tb year. S9.380.183.99
-laeomo from other soarees reeeiTed
Caring the year, 84,878,801.08.
YOtal income, f !,108,8825S.
ISBCK8HNT8 .
Paid for losses, endowments, annuities
I aad snrreader Tslues. 814.572,212.05.
Dividaads said to Bolicrholders durins
the year. 83,727,882.58.
DiTideads paid oa eapital stock daring
U yoar,-aura. ' . --
Commiuioni sad lalariea nakl dnriae
Ua year,' 93,018,069.82. i
Tuit. lieease, aad feaa Mid durinr
the year, f848.SlS.S4. - ' f
Amount of , all other expenditures, 84,
54.259.08. j
Total ozpeaditares, 927,015,682.45.
ASSETS
Value of ' real estate owned ; t book
Talae), 19,556,667.78.
Loan, oa mortgages aad collateral, etc.,
44,155,814.40..
Value of 'bonds owned (amortised),
111,818,151.15.
Value of atocka owned. Bone.
Premium notes sad policy loans. 189.-
9,771.54. '
Vaak la tank, and oa head, 4,994,-
168.19.
latorest aad rent, dae aad acerned.
3.511,532.00.
Kat aneollected aad deferred premiums.
14,785,249.00.
Utaer assets (net), 954,578.38.
ToUl admitted assets, $228,380,518.44.
LIABILITIES
Xet roserrea. 206,217,061.00.
Gross elaima for loaaea annaid. 8707.-
TS8.00. ..(-
AU other lisbiUUes. 8.396.850.00;
Total liabilities, except capital. 215.-
21,699.00. i
Capital paid ap, none.
Surplus 'over all liabilities and contin
gency res 913,068,819.44.
Surplus aa regards policyholders, $13,
068,819.44. i
Total, 9228,390,518.44.
BUSINESS IX OREGOX
FOR THE TEAR
Cross premiums reeeiTed daring the
year, 9292,216.94.
Premiums aad dividends returned dur
ing the year, 945,523.64.
- uosaes ana claims paid aunng tne year,
68,028.00.
Name of Company, Bankers Life Com
pany. - - i '.
Name of President, G. 8. Kollen.
Kama of Secretary, B. M. If ills.
Statutory resident attornev far aarvira
K. A. Link. Suite 803 Public Serrica
I Building, Portlaad, Oregoa.
' ' No. tVl . : .
Synopsis of Annual Statement; of the
Parmer' Fire Belief Association of Butte-
villa. Orecoa. of Donald, in tha Stata of
Oregon, oa the thirty-first day of Decern-
or. ivao. maao to taa insurance Jom-
miasloner of the State of Oregoa, puriuant
to isw:
CAPITAL 1 '
Amount af capital stock paid Bp,
INCOME
Ket vremluma received durinr tba year.
152,006.22. I - .
Interest, dividends and reata reeeiTed
during tba year 2,226.18.
income from other soureoa received
during the year, 93,066.05.
Total income, 957,298.40.
.DISBURSEMENTS
Ket losses Paid daring 'the year Inelul
lag adjustment expeasea. 836.577.68.
- commission, aad salaries paid curing
the year, 14,853.61.
Taxes, licenses sad feaa said durinf
tba year, 926.25.
Dividend) paid oa eapital stock d arias
year. aoaa. ....
Amount of all ether expenditures.
S9JS2.PZ. i - .
Total expenditures, f56.080.4S.
ADMITTED ASSETS i
alma of real aetata . owaed :f market
varaei, fa.zoa.ex. -
Loaai sa mortfages and collateral, etc.
Value of bonds owaed (book). 843.
449.93.- t '
Valaa of stocks owned (market value),
Cask la banks sad oa kaad. 45,977.81.
premiums ia course of eeJleatJoa
Writ
ten aiaeo September SO, 1938.
vregoa ecsoel warrants, 260.0O.
5 Other asaete (aet). furniture and
fla-
tares, 61,841.78. - , ,
Total admitted assets, 994,528,41.
LIABILITIES . , ; r
trrees elaima for. loesea useid. aeae.
Amount af aa earn ad premiums aa- all
I oastaadina riaka mama. .
for oommiaiiea and Brokerage,
awae. -- -s-f fiT-f -. -r. -.-.. x
All ether IiabmUas. 1325.43.
; Total liabilities, except eapital, 9325.43.
: Capital paid up, aoaa. - -
Bnxplaa over all habillties, 94,203.OO.
cMrpma as recaraa BoaoyBoidora. SB4.
Tatal 94,S28 43.
BUSINESS IK REGOU'
rOR THR TEAR - ' t
Mat premiums reeeiTed dariaa- tha yea.
5S.006.S2. - .. ,
et losses paid during the year. S15.-
1073. BO. ' 1
Mat la esse iBearrod durin tha year.
Asms e( company, rarmen fire xa-
Qef Associatiea of BattoriUe, Oregoa.
Name of President, George 8L Berg.
Name of Secretary, Lyman H. Shoray.
sical comedy. "It Is being direct
ed, by, Bruce Eckman, musle In
structor at Dallaa hlan school.
aad by Miss JIaxeL Henry of the I
speech department,
A matinee is scheduled lor
, . i No. 21-20 ,
Srnocaia of Anneal Statement of the
Fireman's Pand lademaity Company Of
Baa Francisco, ia the State of Califeraia,
on the thirtv-tirst dsr of December. 1988.
made to the Insurance Commissioaer of
the State of Oregoa, parsaaat to law:
. - CAPITA!, v -
Amount of capital stock paid ap, 1,-
000,000,00.
- UUUBE
Net premiuma racoreed. daring the year.
latere, diTidena, ana raata reeetTeo
daring the year, 328,889.30.
Income from other sources reeeiTed dar
ing the year, S87,S14.n.-
Total income, ,0M .597.41.
PI8BUKSamXMT&
, Ket losses paid faring Abe year la-clad-Ins
adiastment expenses. 2. 647.837.87.
Commissioaa and salaries . paid during
the rear. 31.800.628.05.
' Tasee, license and feea-paid daring
the year. S262.059.43. - -
Dtvideads paid oa eapital stock during
the year. none.
Arnoant of all other expenditures, 9375,
289.01. Total expenditures, 95,085,864.86.
ADMITTED ASSETS
Talae of real estate owaed (market
Talae). aone.
- Loans oa stortgages sad collateral,
etc., none.
Value of beads owaed (amortised), 6,
iss.aso.TO
Value of stocks owned (market Value),
9,411,128.00.
Cash is banks and oa band. 846,489 66.
Premiums ia course of eollectioa writ
ten since September 90, 1938, 1.234,
964.65. i latorest aad rest due and 400x0001,
66,061.36.
Other assets (net). 29.059.80.
Total admitted assets, 910,743,076.23.'
LIABILITIES
Gross claims for losses nnpaid, 93,
754.954.18. Amount of anearaed premiums oa all
oatatandinc riaka. 92.492.809.80.
Duo for commission aad brokerage.
265,489.87.
All other liabilities, 9348,492.86.
Total liabilities, except capital, 6,
861,787.21. Capital said no. 1.000.000.00.
Surplus orer all liabilities, 2,881,-
838.02. ,
Surplus as regards policyholders, 33,-
881,339.02.
Total, 310,743,076.23.
BCSIKESS IN OREGOK
TOR THE TEAR
Net premiums reeeiTed daring the year,
S85.947.7L
Net losses paid daring the year, 950,-
809.37.
Net losses incurred daring the year.
953,846.87.
Kama of Company, Fireman's Pund In
demnity Company.
Name of President Charles B, Page.
Name of Secretary. W. Stanley Pearee.
Statutory resident attorney for service.
Ed ware A. valentine:
No. 7-21
Synopsis of Annual Statement of the
Minnesota Implement Mutual Pire insur
ance Company of Owatonna, ia the State
of Minnesota, oa the thirty-first day of
December, 1938, made to the Insurance
Commissioner of the State of Oregon,
pursuant to law:
CAPITAL
Amount of capital stock paid ap.
aone.
INCOME
Net premiums reeeiTed daring the year,
Interest, dividends and rente reeeiTed
dorins- the year. 8220.860.55.
Income from other sources reeeiTed
during the year, 985,338.28.
Total income, 95,087,446.11.
DISBURSEMENTS
Net losses paid during the year includ
Ing adjustment expenses, 91,617,488.94.
Commissions and salaries paid during
the year. 9607.692.59.
Taxes, license and leas Pale Sunns
the year. S130.&26.20.
Dividends paid during tae year, si,
678.901.87.
Amount of ail ether expenditures.
9781,181.58.
Total expenditures, e,7eo,ioi.is.
ADMITTED ASSETS
Vslue of real estate owaed (market
value). 9488.038.84.
Loans oa mortgages and collateral, etc..
93,000.00.
value of Bonos owaea tsmortixeaj,
95.143.453.14.
Value of stocks owaed (market value).
none.
Cask ia banks nnd oa hand, 9539,-
846.86.
Premiums in course of collection writ
ten since September 80, 1938. 382,-
667.43.
Interest and rents dae and accrued.
47,270.84.
Other assets (aat), 929,449.00.
Total admitted assets, 86,683,226.11.
LIABILITIES
Gross claims for losses unpaid, 248,-
328.00. -
Amount of unearned premiums oa all
outstanding risks. 3.904.249.08.
uue ior commission ana oroierase,
99,053.82.
All otber liabilities, saos.eoi.as.
Total liabilities, except capital, M,-
747.311.95.
CaDital oaid no. none.
Surplus over all liabilities, 1,885,-
914.16.
Surplus as regards policyholders, 91,-
885,914.16.
Total. 96,633,220.11.
BUSINESS IN OREGON
POR THE TEAR
Ket premiums received during the yesr,
S52.548.22. Wr --.
Ket losses paia durinr taa year,
837.48.
Net losses incurred daring the year,
913.094.86.
Name of Company, Minnesota imple
ment Mutual Fire Insurance Company.
Name of President, C. E. TwitcielL
Name of Secretary. James E. Kidd.
Statutory reaident attorney for service,
a. U. Altnow, rortiana.
No. 10-22
Synopsis of Annunl Statement of the
Maryland Casualty Compaay of Balti
more, ia the State 01 Jasryiaad. on tne
tbirtv-first day 01 December. V3o. made
to mo - insurance vommiasivner ue
State of Oregon, pursuant to law:
CAPITAL
Amount of eapital stock psid up, 32,
544,798.00. '
Net premiums received during the year,
26,264,568.51.
Interest, dividends aad rents received
durinr the Tear. 1.053.687.18.
Income from other sourcea received
during the year, 347,649.04.
Total income, 27,soo,vv.7s.
. DISBURSEMENTS
Nat losses psid during the year includ
ing adjustment expenses, 13,948,254.27.
Commissions and salaries paid during
the year, 97,709.984.73.
Taxes, license and faea paid daring
the year. S887.495.52.
Dividends paid on capital stock during
the year, none.
Amount of all other expenditures, 92,
861.31S.6L
Non-admitted assets ' csarged oil at-
fectlsg underwriting, 1,164,077.47.
Total expenditure, gzs.in.iso.ov.
AallTTED ASSETS
Varna ad - real estate owned (market
valae). 93.845.557.87.
Loans oa mortgages sad collateral, ete
Sl.172.fiSa.00 ..
. . . e, - i . B V
value of aoada owaea lemoruaeoj,
915,406,775.18.
Value of etoeka owaed (market valae).
6.415.M7.M. , . . .-
Cash la basks aad oa aaaa, o,ws,'
saaaa. ... -
Premiums ia eourse of eoiieetMs wnv
tea arnee Beptemhor 80, 1838, 94,780,
Iatetset and TeaU due and aeeraed,
72,784.84. v. -
Utner assets (aet, fi,i,siJn.
Total admitted asaots. 838.433,623.85.
- - LIABILITIES V
Grose elaima for leases unpaid, Id,
tia tsi tx. .
Arnoant of unearmed premiums em ail
outstanding risks, SlLS2.3.ea.
' Due for commissi oa sad brokersje,
908,449.65. .
All etaer iiaoianeu, oe.uas.oia.vv. 1
. T-l H.KJIitiM. airmt S39A
009,951.29, - --
Canltal-nald an. 93.544.708.00.
' Surplna over all Uabilities, 9478,-
874.V6.
. Surplus aa regard poUeyboldera, 37,-
423.672.06,
$ Total, 939.4S3.823.85.
BUSINESS IN OREGON .
- POR THE TEAR
Net premiums received during the year.
fisv.zav.aat. ' -
Net losses paid during the year, f39,
460 02.
- Net loesea iaearrod during the year,
Sia soa aa.
Kama af Compaay, Maryland Casualty
Compaay. '--
Name af President. Edward 3. Bond. Jr.
Name of Secretary. John A. Hsrtmsa,
students Thursday .afternoon,
April IS. i :- - -
No,
49-15
BvBOMia of Annual Statement of the
Expressmen's Mutual Life Insurance Com
pany of SIS jcast 43rd Street, -Nnw. Xork,
la the State of New York, oa the thirty
first day of! December, 1938, made to
the Innranee Commissioner of the State
of Oregon, pursuant to law:
Arnoant of assets, 99,229,497.37. '
i I ; INCOMS . -i
Total premium iacomo for the year.
789.130.45.
Interest, dmdenai and rents received
daring the year, 393491.39.
Income from cAner aooreea received
during the yoa 125,467.41.
Total Income, f 1,307,058.25,
DISBURSEMENTS
Paid for. losses, endowments, annuities
aad surrender values. 8376,787.88.
Dividends paid to policynolders durinr
the year, siss.748.zi.
Dividends paid oa capital stock during
the year, aone. . -t --
CommissioBe aad salaries- paid dories
the year, 956,347.74.
Taxes, ucanses ana fees paid . daring
tae year, 2D,s4i.8o. ' .
Amount of nil other - expeaditures.
f20,387 J!0. 1 -
Total axpeaditares, 9909,934.00.
A88ETS .
Talae of I real estate owned- f market
value , none,
Loans an mortgages aad collateral, etc.
BUB, 9U0.SU.!
Value of boada owaed (smortiied ).
7,225,386.31.
Value of atocka owaed (market value),
Bono. ! .
Premium notes and Boliey loans. 93.-
246.822.43. t
Cash ia banks aad oa kaad, 936,607.49.
Interest and rents dae and accrued.
980.4B2.7T. I
Net uncollected aad deferred premium.
37,464.28. f ;- .
Other assets (aet). Bone.
Total admitted assets, 9,751,119.67.
t UABILITIES
Net reserve, 97,791.058.00.
Gross claims for losses unpaid. -430.-
000.00.
AU other UsbUHies, 3277,932.26.
Totsl liabilities, except capital. 98.-
098.880.26. !
Capital paid up, aone.
Surplus ever all liabilities, 91,652.-
129 41. j
Surplus aa regards policyholders. 91.-
652,129.41. 1
Total, 88.751,118.67.
BUSINESS IN OREGON
FOR THE TEAR
Gross premiums received during the
yesr. 96,438,67.
Premiums, and dividends returned dar
ing the yesr, 91.582.03.
Losses and claims Paid durinr the yesr.
95.4ai.uu. 1
Name of Compsny. Expressmen's Mu
tual Life Insurance Company.
flame of President, II. D. Freemen.
Name of Secretary. E. W. Imsande.
Statutory reaident attorney for aerriee.
H. E. Brown, 226 So. Weit Broadway,
ronisia, vregon.
So. 4S-14
Synopsis of Annual Statement of the
American Employers' Iasuraace Company
of Boston, in the State of Massschusetu,
on tbe tnirty-Iirst day of December, 183a
made to the Iasuraace Commissioner of
the State ot: Oregon, pursuant to law ;
CAPITAL
Amount Oi capital stock paid up, 31.
000,000 00. !
INCOME
Net premiums received during the year.
96.033.740.48.
Interest, dividends and rents received
during the year. 3282.504.47.
Income from other sources received
during tne year, 9542,790.61.
Total income, 86,858,041.56.
DISBURSEMENTS
Ket losses paid during the year includ
ing adjustment expenses, 83,008,773.03.
Commissions and salaries Paul during
tne year. a.a7.837.is.
Taxes, uceasea aad fees paid during
the year. 9241.198.98.
Dividends psid on capital stock daring
Uo year, S15U.000.00.
Amount ol all otner expenditures, 3361,-
ssu.se.
Total expenditures, 95,642,668.54.
ADMITTED ASSETS
Value of ml estate owned (market
value). O. I
Loans oa mortgagee and collateral.
etc .
Value ef bonds owned (amortised), 0,
008,855.41. v
Velue of atocka owned, (market value)
83.5O8.415.0O.
Cash In i banks aad oa hand. 91,288,
948.51. 1
Premiums ia course of eollectioa writ
ten since September 30, 1938, 91,158,
441.43.
Interest and rents duo and accrued.
40,868.21.1 v
Other assets (net). 9161,570.71.
A VMM til t AVO,AVW.l.
Securities carried at 8755.563.50 ia the
above statement are deposited as re
quired by law.
1 LIABILITIES -
Gross claims for loes unpaid, 3,275.-
956.00. 1
Amount of unearned premiuma oa all
outstanding risks. 92,400,907.06.
Due fort commission and brokerage,
9241,928.16.
All other liabilities. 81.488.308.05.
Total liabilities, except capital, 97,-
418,100.27.:
Capital paid up, 1,000,000.00.
Surplus, -over all liabilities, 82,750,-
000.00. ,
Surplus as regards policyholders, 33,-
750,000.00:;
Total, 11.168,100.27.
BUSINESS IN OREGON
FOR THE TEAR
Ket premiums received during the year.
16,230.25.1
Net losses paid during the year, 35,-
812.84.
Net losses incurred during the yesr.
4,215.84. I
Name of Compsny, American Employ
' Insurance Company.
Name of : President, Edward C. Stone.
Name of Secretory, Frankliu P. Horton.
Statutory resident attorney for service.
Vernon A. jCartwright.
No. 220
of Annual Statement of the
Indemnity Company of 401
Synopsis
Occidental
California Street, San Francisco, in the
State of California, on the tbirty-first
day of December, 1938, made to the In
surance Commissioner of tne State OI
Oregon, pursuant to law:
I CAPITAL ;
Amount i of capital stock psid up.
9750,000.09.
1 INCOME .
Net premiums received during the year.
1,521,846.91.
Interest.! dividends and rents received
during the yea.-, 9142,494.87.
Income from other sources received
during the year, 878,033.98.
Total income, 81,742,375.77.
1 DISBURSEMENTS
Net losses psid daring the yesr Includ
ing adjustment expenses, 9770,885.44.
Commission and saisries paid during
the yean 9478,828.61.
Taxes, licenses and fees paid during
the year, 983.104.53.
Dividends psid on eapital stock daring
the year. 8127.500.00.
Amount i of all other expenditures.
8123,710.7.
Tot1 expenditures, l, 304, 098.3.
ADMITTED ASSETS
Value of real estate awaad (market
ralue), ana
Ijoaaa oa mortgagee aad collateral, eta
Bone. . 1 -
Value ef beads owned (market). S3,
585.713 80 ,. ,
Valae of stocks owaed (atarkat value).
99S6.673.00.
Caah tat bank aad oa Band. 9107.-
ooo.es.
. . .. .n
Premiums la eourse ef aolleetiaa wrib-
toa aiaeo ! September SO. 1938. S246V
Uterest and rents due aad aeeraed.
92S,S8a4Si : -i.,.,-
Other assets (aet), 95,546.04.
Total admitted asaots, 93.e88,73L9S.
- - t LIABILITIES
Gross claim for loesea Unpaid. 9L-
viv.aea.Bow -. - n .
Amount ef unearned premiuma em all
oatstaadiar risk. 9549.10A56.
Da for commisaioa aad brekerar.
fv,oa.ya. -- -
1 AU other nabUIUea, 373,083.58.
Total Habilitiea. - exee-Dt canitaL !-
97L74S.49.
. Capital paid up, 9760,000.00.'
Surplus; aver aU liabilities, 91,276,-
989.4a' . -; . 5 - 5
8urptu' aa regard poUeyboldera, S,-
026.888.48. ' , t .
Total, 93.898.T31.9S. it'
BUSINESS IN OREGON
? I P0B THE TEAR
Net premlama received during th year.
paw.ioo.o9. .
- Net losses paid during the year, 39,
445.56. t -
- Net leases laeurrtd darlBg the year.
f8.zu.ay.
Nam ef Compaay, Occidental lad
aity Compaay.
Kama of President. Charles R. Par.
Nam of Secretary, W. 8taaley Pearee.
Statutory resideat attorney fee serriee.
aawara A. vaieauaa.
; No. 8-23
Synopsis of Aaaasl Statoment of the
Loadoa Guarantee Accident Cempaay,
Limited, at New Tork, Im th State of
New York, on the thirty-first day of
December. 1938, made to the Insurance
Coamisicar of the . State . of Oregon,
parsaaat to law : -
Amount -of eapital stock .Paid P sts
tutory deposit, 800,000.00.
Ket premiuma received during the year.
7.497.577.96. -., - '
laterest. dividends and rente reeeivea
daring the year, 9530.610.88. ; v. ...
lacemo from otner sourcea received
during the year, 984,427.68.
Total income, 98,122,616.52. "
D1SB0R8EM XNTS
Net loaaea paid during the year includ
ing adjustment expenses, 94,056,884.85.
Commiaaions and aalariee paid daring
the year, 92.326.531.34.
Tales, license, and fees paid during
the year. 9364,055.84.
Dividoada paid on capital stock during
the year, aone.
Amount of sit - ewer espeadituxes,
9561,571.07. '--- v .
Remittance to home office from TJalted
States branch, 950O.VO0.0O.
Total expenditures, 97,808,053.29.
ADMITTED ASSETS
Valae of - real estate owaed (market
value), 165,000.00.
Losas oa mortgages aad collateral, etc.
Value of bond owned (amortised).
911.830,800.86.
Valae of stocks owned (market vaiae;.
787,301.00.
Cash in bsaks and on aaaa, 9040,-
875.84.
Premium ia course of collection writ-
tea since September 80, 1938. 91.464.
658.68. latere and rente due aad aeeraed.
120,813.21.
Otl:r sssets (net;, 9925.40a.vv.
Total admitted assets, 915,242,956.00.
r LIABILITIES
Gioss claims for losses unpaid, 36,-
463,724.07.
Amount of unearned premiums on su
outstanding risks, 93,162.304.78. .
Duo for commission aad brokerage,
9365,644.85.
All otner liabilities, feos.ase.ai.
Total liabilities, except capital, 910,-
394.228.61.
Capital paid up statutory deposit, fvuo,-
000.00.
Surplus ever all liabilities, 93,948,-
727.49.
Surplus as regards policyholders, ,
848,727.49.
Total, 915,242.850.00.
BUSINESS IN OREGON
FOR THE TEAR
Net premiums received during the year,
19.145.39.
Net losses paid during the yesr. 314,-
461.58.
Net losses incurred daring the year,
20,282.57.
Name of Compsny, London Guarantee
4 Accident Company, Ltd.
Name of Deputy U. S. Manager. H.
Lloyd Jones.
Ksme of Secretary, J. F. Cunningham.
Statutory reaident attorney tor service.
Insurance Commissioner of Oregon.
No, 41-10
Byaopsis of Annual Statement of the
Continental Casualty Compsny of Ham
mond, ia the State of Indiana, oa the thirty-first
day of December, 1838, made to
the Insurance Commissioaer of the State
of Oregon, pursuant to law:
CAPITAL
Amount of capital stock paid up, 31,
750,000.00. INCOME
Net premiums received during the yesr,
21.038,172.50.
Interest, dividends and rents received
during the year, 783,640.89.
Income from other sourcea received
during the year, 500,221.89.
Total income, 922,322,934.78.
DISBURSEMENTS
Net losses psid during the year includ
ing adjustment expenses, 99,703,826.82.
Commissions and salaries paid during
the year, 95,522,852.60.
Taxes, licenses aad lees paid during
the year, 778,869.84,
Dividends paid on eapital stock during
the year, 9560,000.00.
Amount of all other expenditure, 2,
654.282.69. Total expenditures, 19,219,331.45V
ADMITTED A8SETS
Value of real estate owned (market val
ae), 91,024,083.35.
Loan o mortgage aad collateral, eta.,
438,099.96,, t
Value ef boada owned (amortised),
19,047.231.15.
Value of atocka owned (market value),
5,702,138.00.
Cash in banks and oa band, 3,406,
17.61 Premiuma ia course of eollectioa writ
tea sine September 30, 1988, 93,887,
917.06. Interest and reals due aad accrued,
1157.222.06.
Other assets (aet), 389,612.91,
Total admitted asset, 934,052,617.90.
LIABILITIES
Gross elsims for losses nnpaid, 912,
59,371.19. Amount of unearned premiuma Oa all
oatataading riaka, 98,112,384.16.
Due for commisaioa aad brokerage,
935,757.49.
All ether liabilities 1,020,142.53.
Reserve for income tax, 9270,000.00.
General contingency reserve, 81,800,
00O.00. Total liabilities, except capital, 26,-
097,655.34.
Capital paid np, 31,750,000.00.
Surplus over all liabilitiea, 96,204,-
962.56.
Surplus as regards policyholders. 97,-
954.9b2.56.
Total, 934.052.617.90.
BUSINESS IN OREGON
FOR THE YEAR
Net premiums received during the year,
144,233.61).
Met losses paid during tne year, 9a2,-
586.73.
Net losses incurred during the year.
42,912.73.
Name of- Compsny, Continental Casual
ty Company.
asms of Preiidenct, at. p, Cornelius.
Name of Secretary, R. D. Weilbrenner.
Statutory resident sttorney for service.
Insurance Commissioner.
No. 12-7
Synopsis of Annual Statement of the
Mill Owners Mutual Fire Insurance Co.
of Iowa of Des Moines, lows, in the
State of Iowa, oa th thirty-first dsy ol
December, 1938, made to the Insurance
Commissioner of the state of Oregoa.
pursuant to law:
CAPITAL
Amount ' of capital stock paid up,
mutual.
INCOME
Net premiums received during th year.
91,881 863.15.
laterest, dividends aad raata reeeiTed
during the year, 9102,212.34.
income from other sources received dar
ing the year, S4.12S.SS. - -
Total iacomo, 81.888.288.42.
DISBURSEMENTS
Net losses Paid darinr tba Tear Includ
ing adjustment expenses, 578,943.07.
commissions and salaries said durime
the year, 9577.911.60.
Taxes, licenses and fees paid during
the year. 869.828.35.
Dividends paid a capital stock durlag
ua year, aone. -
Amoaat of all other expenditure.
fiie.vva.si. -
Total expenditures, 2,000,788.59.
ADMITTED A8SETS
Value ef real estat owaed (market
vaiaej. b7zv.oit.sz.
Loan oa mortgagoo aad collateral, et-.
f 1V7.B82.3.
Value ef bonds ewaed ' (amortised)
1.281.940.94. -
i Value of stock owaed (market valae).
170 zso.ev.
Cash ia banks and oa kaad, 9307,
191.54.
Premiums la eourse of eelleetiea writ
tea mace September 90, 1988, S200,
118.67. ' :-
latorost aad rents da aad aeeraed.
35.521.88.
' Other asset (aet), 92,294.73. -
: Total admitted assets, 92,781,039.35.
I - - LIABILITIES
; Gross claims for losses unpaid, 71y
202.60. '
Amoaat ef aaearned premlama aa aU
ouutsadine risks. 81.513.686.44.
Da for coBuaiasioa aad broker go.
88,303.43. -' --
All other nabOIU, 7,70.46. -, '
Total liabilitiea, except capital,
668.848.13.-
t CaDital Bald as. mataal '
: ; Surplus ever aU - liabiUUea, 91,061,-
191.40.
- Surplus ae regard policyholders, SI.
061.181.40. -
Total, 92.791,039.63. - ' ,
. . BUSIXES8 IN OREGON
: FOR THE TEAR " "
Kat premium reeeiTed during the year,
S10.B8S.SV. ' . -
Net lessee paid during : th year.
2.49TJTV-" - f - ' '-
- Net losses laeurred dariag the year,
S4.532.06.
Nam af Compaay, Mm Owners Mutual
Fir Insurance Co. of lows.
Nam of PresideBt, 3. T. Sharp.
Nam of Secretary. H. B. Carsoa.
Statutory reaident attoraey for oerviee.
T. R.
Ko. 28-tl
Synopsis of Annual Statement ef the
MUlera Mutual Fire I man ranee Associa
tioa of Illinois, of Alton, Illinois, ia the
State of Illinois, oa the thirty-first dsy
of December, 1938, mode to th Insur
sacs Commissioner of the Stat of Ore
gon, pursuant to law:
- CAPITAL
Amount of ledger assets previous Tear,
2,986,491.95.
INCOME
Net premium received during the year,
1,656,582.90. 1
laterest, divideads aad rents received
daring the year, 88.539.63.
Iacomo from other sources received
daring the year, 28,883.08.
.Total income, 1.769,125.81.
DISBURSEMENTS
- Net lessee paid daring the year includ
ing adjust meat expeaae. 9501,475.86.
: Commissions and salaries paid during
the year. 9297,440.70.
Taxes, lieease aad fees paid daring
the year, 953.634.S6.
Dividenda paid oa capital stock durlag
the year, aeae.
Amount of all other expenditures,
751.517.70.
Total expenditures, 1,604.069.19,
ADMITTED ASSETS
Value of real ' estat owned ' (market
value), 179,656.35.
Loan, oa Bat-rtgsges and collateral, te.,
none.
Value of boada owned (amortised),
3,408.394 09.
- Value of stocks owaed (market valae),
none.
Cask ia banks aad oa head, 9456,-77.90.
Premiums ia course
of eollectioa writ-
tea sine September
668.ia
30, 1938, 142,-
laterest aad rents
duo aad accrued.
818,680.77.
Other assets (net).
2.322.89.
Total admitted assets, 93,208,500.19.
LIABILITIES
Gross claims for losses unpaid, 159,-
077.62.
Amoaat of unearned premium oa all
outstanding riaka, 91.187,238.22.
Da tor commissioa and brokerage,
113,000.00.
All ether liabilities, 9237,500.00.
Total liabilitiea, except capital, 81,
496.810.74. Capital paid up. Guaranty Fund, 9200,
000 00.
Surplus as regarda policy holders. 31.
711,66942. Total, 3,208,500.16.
BUSINESS 'IN OREGON'
FOR THE YEAR
Net premiums receired daring the yesr,
17.131.29.
Net losses paid during tha year. 33,
871.53. Net losses incurred daring the yesr,
3,393.49.
Name of Company, Millers Mutual Fire
Insurance As'n. of Illinoi.
Name of President, H. B. 8psrks.
Name of Secretary, C. D. Kellenberger.
Statutory resident sttorney for service,
Insurance Commissioner, Ssiem, Oregon.
No. 07-24
Synopsis of Annual Statement of the
Minnesota Mutual Life Insurance Com
psny of Ssint Paul, in the State of Minne
sota, on the thirty-first day of Decem
ber, 1838, made to the Insurance Com
missioner of the Stste of Oregon, pur
sasnt to law:
CAPITAL
Amount of capital stock paid up,
none,
INCOME
Total premium income for the year,
96,657,214.78.
Interest, dividends and rents received
during the year, 91,859,085.77.
Income from other sources reeeiTed
during the year, 874,730.12. x
Total income, 9,181,040.67.
DISBURSEMENTS
Paid for toase, endowment,, annuities
and surrender values. 82,877,283.63.
Dividends paid to policyholders during
the year, 9702,441.61.
Dividends psid on cspital stock during
the year, none.
Commissions snd salaries paid during
the year, 9818.546.65.
Taxes, licenses snd feet psid daring
the yesr. 200,540.84.
Amount of all other expenditures, 31.
205,950.39. Total expenditure. 95,904,763.12.
ASSETS
Valae of real eatate ewaed (book
value), 2,886,592.64.
Loses on mortgages and collateral, et.,
3,697,453.42.
Value of bond owned (amortised),
26,152,697.92.
Value ef stocks owned (market value),
1 631,093.89. ,
Premium note and policy loans, 96,
588,480.18. Cash in banks and on hand, 81,752,
122.98. Interest aad rents due and accrued,
411,429.25.
Net uncollected aad deferred premiums,
1.392.855.86.
Other aaseta (aet), 26.04.
Total admitted asset. 944,472,699.61,
LIABILITIES
Net reserve, 937.436.W6.16.
Gross claims for loises unpaid, 265,
823 92
All 'other liabilities. 3.921.107.09.
Total liabilities, except capital, 341,
622,437.14. . Capital paid up, aone.
Surplus over all liabilities (iaeludes
350,000 contingency fund), 2,950,
262.47. Surplus as regsrd policyholders (ia
eludes 9350,000 contingency fund), 82,-
850,262.47.
Total, 944,472.699.61.
BUSINESS IN OREGON
FOR THE TEAR
Gross premiums received during the
yesr, 958,908.62.
Premiuma and dividends returned dur
ing the year, 95,014.55.
Loasea and elaima paid during taa
year, 98,000.00.
Name ef Company, ine Minnesota Mu
tual Life Insurance Company. .
Namo of President, T. A. PhiUIpa.
Name of Secretary, C. R. Anderson.
Statutory resident attorney tor service.
Commissioner of Insurance.
No. 44-18 , -.- "
Synopsia of Annual Statement of the
Employer Liability Assurance Corp. of
London. England, on the thirty-first day
of December, 1838, made to the Insur
ance commissioner of th state 01 Ore
gon, pursuant to law:
capital
Statutory Deposit, 6200,000.00,
INCOME
Net premiums received daring the year,
926,154,887.82.
Interest, dividends and rents received
during the year, 91,562,826.51.
Income from other sources received dur
ing the yesr, 9977,602 44.
Total income, 928,685.826.27.
DISBURSEMENTS
Net losses paid during the year includ
ing adjustment expenses, 914,889,917.00.
Commissions and saisries paid daring
the year, 7.871,974.92.
Taxes, licenses and fees paid during the
year. 91.158,240.79.
Dividend, paid on capital siock during
the year none.
Amount of all other expenditures, 93,.
282,696.05.
Total expenditures, 27.152.828.7a.
ADMITTED ASSETS
Valae of real estate owaed (market
value), 4,465,942.91.
Loans oa mortgage and collateral, et
BOB.
Value 'of bonds owaed (amortised),
7926,866,026.26.
Value of stocks owned (market value),
2.S11.645.00.
Cask ia banks aad oa band, 3,70 9.-
807.20.
Premiums la c en roe of eollectioa writ
tea since September 90, 1938, 94,483,
468.33. laterest sad rests due sad seemed,
156,624.82. '
Other assets (net), 1,084.099.68.
- xvsai aoaaiitem navvis, ,1,1 i,i,.a.
LIABILITIES
Gross claims for losses unpaid, lit,
673,511.00, -. ., . .,..,,...,
Amoaat of aaearned premlama oa all
oatataading risks, 38,162,001.80.
Duo for commissioa , sad f brokerage,
32,057.17. , v
All other liabilities, 3,111.038.28.
Total liabilities, except statutory de
posit, 933.677,614.20
, Statutory Deposit, 8200,000.00.
' Surplus ever aU liabilities, 9,800,
000.00. : - ' ' .
Burptaa as regards peucysoiacra, io,
000.000.C9. ' .
t Total, 4S,rr,914.tOV " t
!On th basis af December 1, 193
warket euotatioa far all beads aad Stocks
owned, this oompaay'e total admitted as
sets weald bo increased to 843.843.078.03
aad voluntary reserve to 33.13,617.64.
. BUSINESS IN OREGON
FOR THR TEAR .- ,
ne aressiuBss sweoiTaa swu uo year.
78,895.91. - - -- ' ,
f Set tosses' paid dsrlsf th year, 17,
719.94. - - - . -
- Net losaes laeurred dariag th year, 14,-
Nam af Compaay, The Employers Ua
bility Aasaraaeo Corp.
Nam of United State, General Maa
agar and Attoraey, Edward C. Steve.
Statutory resident attoraey for aervieo,
Lewis Cartwrigbt. lac, PortUad.
Securities carried at 91,324,348.97 la
th above statsmoat are . depoeited a
reouirod by law.