6
Giarter Given
New Capital
Toastmasters
Capital Toastmasters may here
after speak with "licence"! The
dorvment. In reality a parchment
charter, referred to generally by
tha imr dub'i president a the
"license." waa . handed to that
president, Stearns Cashing, jr.,
Thursday night. Salem Toastmas
ters and representatives of the
SaJem Toastmistress club were at
th banquet In the mirror room
Of the Marion hotel Jo cheer the
new speech students on their
way.
Carl , Hasenkamp. Portland, dis
trict governor-elect of Toastmas
ters. presented the charter and
. advised members of the new or
ganization of i the value of criti
cism for both speaker and critic.
Boy vBoofte emphasized hi
southern drawl serving as toast
master if or the program where
Salem Toastmasters were repre
sented by "Del Bamsdell, who
poke on a ""Vacation with Pay."
a humorous dissertation .on a
summer spent In employment of
the forest service, and Mrs. Har
old A. Rosebraugh, Toastmistre
representative, speaking on "She
Set Out to Look, for a Book."
urged members of the new club
to find mors than .whatever they
might deliberately seek in the
organization.
I b-e Risks Dlsenssed
Marion Curry discussed the
great rariety of fire risks to be j
found even in -weu consirucieo
residence. FJnwr Amundson, the
sutjert of his speech "Why
Vote?", urged his listeners to
practice the privilege which was
demanded by the founders of this
nation Dr. Paul S. Wolfe, dis
cussing juvenile delinquency, de
clared parents, schools and the
public mur understand the im
portance of training children for
citizenship as well as developing
their personalities.
Smith General Critic
General critic was Wayne
Smith. Table Topic Chairman
Frank Parker presented a va
riety of speakers on the question
of retention of the OPA. opinions
ranging from the veterans who
would -bring back" OPA .rent
control to Marion county (which
never had if) to the grocer who
would shut down the agency to
day. A canner and a banker were
milder in their discussion; the
two women speakers took vary
ing viewpoints and everybody
applauded.
Dale Winn and Wayne Stevens
president and deputy governor
respectively of Timberline Toast
masters, Portland, spoke briefly.
No. 5S-SJ
Sysfftpsi of Annual Statement of the
T0S. Branch North Brtuah snd M.r
rwtil Insurenco Cm. Lul . of N
Vara, tm Ue Suite of Nw York, on
the Uiirty-first day of Docombar. IS,
swooo so the Insurance Commissioner
IM Stat, of Oregon, pursuant 10
Yocuni Wins Hand
Leading Contest
Deryl Yocum, son of Mr. and
Mrs. Wayne Yocum. 15 Garden
rd., won first place among 15
high school banti leader contest
ants Wednesday night and the
right to compete with winners of
six similar competitions next
Tuesday night at the Golden State
theatre in San Francisco.
Wednesday night's program
and that scheduled for next
week were sponsored by Sammy
Kaye's orchestra. Yocont, alto
saxophonist with the Salem high
school band, was rated "excell
ent" in the recent competition in
Eugene.
Ancient Romans who wan-ted to
vote against something cast a
black stone into the ballot box.
This practice was the basis for
the modern term black-balling.
IN COM I
Ht inahiM rooelvoa. ;
Total anssrest. dividends and '
tae Mctm. SMUSMl...
lnrosne bora eUscr Sources, 12.- !
in f. H j
Total snrre. 344 iji S7.
DISBURSEMENTS I
Kt amount pawl policyholders for!
S4.SU.S37U, . "
Sdjiiftnwnt dsaenses. 343.-
ssait- ,J I .w
fti(t sosrseilas tone or brokerage.
TUJDSS. - I - '
Salaries mmd fees officers, directors.
fttome orrvro .mpjoyes. SMJ.3S7 as
Taae. ncenaoa and foes. S3 11. SOS 34
Prwtdonda paid to stockholders, none
In miU pass or crodttoa so policy-
U othor expendtturet. sioossissi
Otal SuiwmnU, SS 1SS.S71 SS.
ADMITTED ASSETS
Tali of teal estate owned (market
Value I. one.
I oana on saortgagos and collateral.
Value 'of bonds owned ( amortized )j
$i iTs.in.ia.
Value of stocks ewaed (market
Value 1. S4.710 J7S 80.
Comb U Sanaa and on hand. , P4l.-
as3 w.
rvmuntutam In eourse of eoUorttoa
niM otnee Seetomber M. ISO. $413.-
Tii 42. '
Interest and rents due and accrued.
gasiTSjov - .
, Cnnor aaaets (net), SSSS SU Tt.
! Total aOtoittedP assets. 918.313.773 JS.
lAsiUTtm SURPLUS AND
J C7 1 MAN i-ry
- Total wipaMt cWms. S2.130J31.frO.
Sstisaassd loos , 'adjustment expei
for ampoMl claim. S1W.SOS 00.
. Total vnauart premiums as all un
eprd rtaaa, SSJaS.sasjS.
Salaries, rents expenses, bills. ,ae
enuofs.. sssa, etc.. due or accrued. SM.
aas OS.
fttsttsnatod amount xdue or accrued
SW taae. HJ7J7S as.
CesnanJaaion. brokeraf e. - or other
eharfoa doe and accrued. MO Odd 00.
AU other liabilities. S429J1S 7S
Total liabilities, escept capital. $11.
S4SSM. Capttal paid up. Statutory Depoait.
gssos sue as.
Surplus over all uabUitiea. SS.3SS.
Tos sx.
Surplus as regaros policyholders. $.
ansHdU Total. IIIHJ Tn
Bl'SINCS IN OREGON
-fOSt THE YEAR
Kd premiums received $114 .Sis 51
Net I ii ps paid. SB SOS SS
teidiids paid or credited to policy -
Mame off ' Company. V S.. BrafM-h I
SSorua Brttiaai atoreantilo Ina Co. Ltd
Nam OS U-S. lUMftr, Ceorce H
rjwaOwry.
htmt of Secretary. H. P. Stock ham
Statutory reaident attorney for serv-
aco. rranR T. Robinaon.
No. 54-52
Synopsis of Annual Statement of thr
Minufirlui er 4 Mtrrlunli Indemnity
Company of Cincinnati 2. In the. State
of Ohio, on the thirty-fimt day of De
reniber. 1S43. made to the linunntt
Commusmntr of the Slate of Oregon,
pursuant to law:
INCOME
Net premiums received. t77.0M8
Total lnteret." dividends and real es
tate iricome. S27.M7 50.
liicoine ftom oUier sources.
171 27
Total income. 722 S33 7S
DISBURSEMENTS
Net amount paid policyholders for
loaars. tllS.SS3 3S
Loaa adjustment expenses. $51 3M 54
Asents commiasions or biokerage.
SS3I II
Salaries and fees-officers, directors,
home office employes. S0.lt7 S5
Tim. Iirrnr and frea. (13.5S2 33.
DivHlendn. paid tn tH-h holders, none
Dividends paid or credited to policy
holders. noiM.
All otrrer expenditures. $192 520 47.
Total diburement8. $415 099 74.
ADMITTED ASSETS
Value of real estate owned (market
value), none.
Loans on mortgages snd collateral,
etc . none
Value of bonds owned (smortized).
$1,014 474 02.
Value of stocks owned (book value).
$322.4Sfl 20
Cash in banks and on hand. $304.
SS4 24.
Premiums In course of collection
written since September 30. 1S43, $22.
7SS .!.
Interest and rents due snd accrued.
S3. SOS 21 .
Other anarts net). none.
Total admitted asaets. $t 470.552 OS.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Total unpaid claims. $245,704 30.
Estimated 'toes adjustment expense
for unpaid claims. $3,315 42.
Total unearned premiums on all un
expired risks. $252,720 $4.
Salaries, rents, tipeiun. bills. . ac
counts, fees, etc . due or accrued. $1 .
24 S4. ,
Estimated amount due or accrued
for Uses. $23.700 00.
Commiaaiahs. brokerage, or other
charges duo: and accrued. $10 00.
AU other liabilities. $11S.OOB4I.
Total liabilities, except capital. $444.
754 Tl.
Capital paid up. $350 OOo 00
Sutplus over ail liabilities. $475.
75 33
Surplus as resards policyholders. $1.
02S7SS3S Total-. $1 S70.552 M
BUSINESS IN OREGON
POR THE YEAR
Net premiums received, none.
Net loaaes paid. none.
Dividends paid or ci edited to policy
holders, none
Name f Company. Manufacturers
aa Merchants Indemnity Compart
Name of President. Joaeph B. Hall.
Name of Secretary. Roger B Conant.
Statutory resident attorney for serv
ice. Insurance Commissioner of Oregon.
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