The Oregon statesman. (Salem, Or.) 1916-1980, June 29, 1949, Page 14, Image 14

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. 1 Th Stol man. Salnx, Onqon, V7dnmdxf. Jane 29. 19t9
flit. Angel Business MenSGive
82,000 to Elmer Park Fund
advance $2.0p0
Br Loretta E. Dehler
Statesman Mt. Angel Correspondent
MT. ANGEL The Business Men's club voted
to the Mt. Angel Recreational association at a meeting and luncheon
at the Mt Angel hotel Monday. The fands will cover a deficit inciir
red by the association in renovating and lighting the,!Ebner Ball paitk
Joe Wachter, president of the association, asked the businessmen
for cooperation in meeting the de
ficit of $5,000, of which $3,000
must be paid within a short time.
It, is hoped that most of the
amount may yet be raised by pri
vate subscription among the busi
ness houses and that the Business
Men's club advance may then be
used for other needed improve
ments. Wachter explained that the
association was incorporated and
field got on a paying basis.
John T. Bauman, legislative
chairman, reported on the neces
sity of boys registering for the
selective service after reaching
their 18th birthday and read let
ters -confirming the obligation to
register within five ..days after
reaching 18. Those who have fail
ed to do so, may still register.
that all money subscribed was tn j reporting to 359 Court St., Salem.
the form of investments which i Harold Brenden, Flax Festival
would be paid back as soon as the chairman, reported a car has been
r i e "
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BISHOP'S
OUTDOOR
SHOES
AS
IT r-J'S LUwk
in
nn
1
I. ! n
Bp
I tmtm
Double duty, dry compound that
kills broad-leaved weeds as it
feeds the grots. Easily applied with
a SiuCtk. Spreader. Harmless to
lawns, including Bentgrass, If ap
plied at economical rate specified.
An exclusive development,
now in its third successful year.
Handy shaker box $1.00
Urge box, treats 2500 q ft $3.50
if. a. io EMm
& IONS NURSERY
180 N. Lancaster At 4 Corners -
Phone 2-1322
purchased for a grand festival
prize, and" that a number of girls
signed up1 as candidates for queen
and princesses. He also asked the
club to purchase banners and flags
for street decoration, and a steel
file for festival records. After a
brief discussion, it . was voted to
authorize the, committee to pur
chase the articles out of festival
funds with the backing of the club
should the festival go in the red.
Merry Minglers Club
Meets at Falls Gty
FALLS CITY The Merry
Minglers club met with Mrs. Ray
Pack Tuesday. Refreshments were
served to Mesdames Don Cum
mihgs, Bill Diehm, Fred Dorn
hecker, Frank Joslin, Harvey
Marr Richard Marr. Dick Mur-
Dhy. Phil Murray, Clifford
Reeves, Cecil Scott, Don Sund-strom,-
Paul Murphy.
Mrs. Hazel Peck, San Francis
co, is visiting with her sister,
Mildred Wray.
Mrs. Ellen Adams,. Aberdeen,
Wash., visited recently with her
mother, .Mrs. Laura Horn.
Mr. and . Mrs. Harvey Marr,
Mr. andpMrs. Clifford Reeves and
Mr. anp Mrs. Louis Baker attend
ed the wedding of Kenneth Sam
ple and Dorothy Patterson in
Salem Sunday.
Ne. 44-28
Synopsis of Annual Statement for
the year ended December 31. IMS. of
the Liter-State Assurance Company of
Des Moines, in the State of Iowa, mad
to the Insurance Commissioner of the
State of Oregon, pursuant to law
INCOME
Net premiums received. S71S.553.S4,
Total Interest, dividends and real es
tate income. S20.032.78.
Income from other sources, $11.
06 53
ToUl Income. $748.455 25
DISBURSEMENTS
Net amount paid for losses. 8263.
28047. Loss adjustment expenses. S22.368.44.
Underwriting expenses. $363,998.00.
Dividends paid to stockholders, none.
Dividends paid or credited to policy
holders, none.
All other expenditure (including in
vwtment expenses (none), 817.632-96.
Total disburse menu. 8667.375.37.
ADMITTED ASSETS
Value of real estate owned (market
value). 643.138 52
Loans on mortgages, collateral, etc,
846 644 72 '
Value of bonds owned (amortised).
868744 49.
. Value of stocks owned (market val
ue). 820.00000.
Cash In banks and on hand, 6103.
841 72.
Premiums tn course of eoueeUon
written since September SO, 1948.
892106.
' Interest and rents due and accrued.
68.303.83.
Other assets (net), none.
Total admitted assets. 8909.8974.
LIABILITIES. . SURPLUS AND
OTHER FUNDS
Total unpaid claim,- 872321.76.
Estimated loss adjustment expense
for unpaid claims. $7,907 80.
Total unearned premiums, $150,507.-
86.
All other liabilities. 634.469.63.
Total liabilities, except capital, 8272.
407.07. :
Capital paid up, none.
Special surplus funds, none.
Unassigned furids (surplus), 8637,490.
27. Surplus as regards policyholders,
S617.45o.27
Total. 8909.897 34.
BUSINESS IN OREGON
FOR THE YEAR'
Net premiums received. 82.310.09.
Net losses paid, 8338.62.
Dividends paid or credited to poli
cyholders, none.
principal office in Oregon. Horace
r. Beckham. 1010
Portland. Ore.
W. 12th Ave..
III III
Pi
tm
Choose one of these fie
Union Pacific Trains f AST
STREAMLINER "City of Port
land" to Chicago . . . fast, daily
schedule . . . earliest arrival. Enjoy
the. late afternoon view of the
Columbia River Gorge.
'PORTLAND ROSE' Daily serv
ice to Denver, Kansas City. Omaha.
Chicago. St. Louis. Connections for
Texas. Southwest and East.
'IDAHOAiJ Daily schedule to
Denver, Kansas City, St. Louis.
Connection with "City of St. Louis"
Streamliner. See the scenic Colum
bia River Gorge and the. Blue
Mountains by daylight.
All T tun Schedules on Standard Time.
Going East, the Union
Pacific will serve you. Low
fares . . air-conditioned
comfort . . . rest -easy coach
seats . . . relaxing lounge
cars ... delicious meals.
Choice of roomy Pullman
berths, roomettes, bed
rooms, compartments, or
drawing rooms. At your
destination, step off the
train rested and refreshed.
En rout by Union Pacific visit Denver and Salt Lake City at
no extra cost: Write for free, colorful vacation booklets.
Let um help yoa plan your next trip last
General Passenger Department
Room 751 Pittock Block
Portland 5, Oregon
TODC3 ?(S 0 G3 D
RAILROAD
0 t4c StxcomUexcxi
4iates Families lio$t-
1 I A . J -.J
ai oinnaay rarrj T '
GATES Mrs. Harold Wilsn
and Mrs. Robert Wilson entertain
ed in the formers home Thursday
afternoon, June 23, honoring her
small grandson Ronnie Wilson on
SINGE R ,S SCENT Mona Paulee, Metropolitan Opera
Singer, shows some of the 400 bottles of perfume her husband.
Dean Holt, has given her since their wedding- 12 years azo.
LEAVES HOSPITAL
SILVERTON Mrs. Oswald
Johnson, who has been at the Sil
verton hospital for the past 10
days following major surgery,
was able to be movedto her home
in Waldo Hills Monday.
ANTON SACHER ELECTED
SILVERTON Anton Sacher
has been elected president of the
Silverton Saddle club to fill the
vacancy made by the resignation
of Arthur Mulkey a week ago.
No. 20-34
Synopsis of Annual Statement for
the year ended December 31, 1948. of
the Pioneer Mutual Life Insurance
Company of Fargo, in the State of
North Dakota, made to the Insurance
Commissioner of the State of Oregon.
pursuant to law:
INCOME
Total premium income for the year.
81.337.960 34.
Interest, dividends and rents re
ceived durinf the year. 8572.773 93
Income from other sources received
dunn the year. $123.459 48
.Total income. 82.234.193 77.
r DISBURSEMENTS
1 Paid for losses, endowments, annu
ities and surrender values. S&06.663 66.
Dividends paid to policyholders. 893.
863.04. Dividends paid to stockholders, none.
General insurance expenses, S268,
40&63 Amount of all other expenditures
(Including Investment expenses 886.
400 24), 8323,008 45
Total expenditures. 81 .591. 443 80.
ASSETS
Value of real esUte owned (market
value). $392.446 53.
Loans on mortgages and collateral,
etc.. $4,778,783.72.
Value of bonds owned (market or
mortized). $7,731,010.23.
Value of stocks owned (market val
ue). $35,000.00.
Premium notes and policy loans,
82.199.220.14.
Cash in banks and on band, 8616,
861 83.
Interest and rents due and accrued.
$187.361 16.
Net uncollected and deferred pre
miums. $36.785 32.
Other assets (net). $3,692 12.
Total admitted assets. $16,501,161.05.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Net reserves. $14,456,477.24.
Policy claims and losses outstanding.
$86,220.00.
All other liabilities. 8548.579 35.
Total liabilities, except capital, $15,
091.276 59. ,
Capital paid up. none.
Special surplus funds Investment
Fluctuation. $159.500 00.
Fluctuation of interest rates, $225.
000 00.
Unassigned funds (surplus), $384.
500 00.
Surplus as regards policyholders. $1.
025.384 46
Total. $16,501 161.05.
BUSINESS IN OREGON
FOR THE YEAR
Net premiums and annuities received.
$41,734.15.
Dividends to policyholders during the
year, none
Net losses and claims, endowments,
surrenders, and annuities paid during
the year. Jl.867.25.
Principal office in Oregon. Portland.
No. 36-16
Svnopsis of Annual Statement for
the' year ended December 31. 1948, of
the Standard Insurance Company of
Portland, in the State of Oregon, made
to the Insurance Commissioner of the
State of Oregon. pursja to law:
INCOME
Total premium income for the year.
$4,058,566 36
Interest, dividends and rents received
during the year. $1.317.619 01.
Income from other sources received
during the year. $893,971 88.
Total income. $6.270.157 25.
DISBU RSEMENTS
Paid for losses, endowments, annui
ties and surrender values, $1,631,551.07.
Dividends paid to policyholders.
$323.698 55.
Dividends paid to stockholders. None.
General insurance expenses, $542,
425.13, Amount of all other expenditures
(including investment expenses, $85.
557 72). $1,160,664.06.
Total expenditures. $3.858.338 81.
ASSETS
Value of real estate owned (market
valuer. $857.554 62.
Loans on mortgages and collateral,
etc . $13.355.746 66.
Value of bonds owned (market or
amortized). $20 24JL345.57.
Value of stocks tfwied (market val
ue ) . None.
Premium notes and policy loans. $1
919 442 31
Cash in banks and on hand, $486.
869 47.
Interest and rents due and accrued.
$213.544 57
Net uncollected and deferred premi
ums. $518,480.35.
Other assets met), $100.748 IS.
Total admitted assets. $37 693 729.70.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Net reserves. $27.661.88100.
Policy claims and losses outstand
ing. $150.197 08
All other liabilities. $7,225,448.20.
Total liabilities, except capital, 835.
037,526 28.
Capital paid up, none.
Special surplus funds: Contingency
Reserve. $350,000.00.
Unassigned funds (surplus). $2,656.-
703 42.
Total, $37,693,729.70.
BUSINESS JN OREGON FOR
THE YEAR
Net premiums and annuities re
ceived. $2.540.74561.
Dividends paid to policyholders dur
ing the year. $189,524 03.
Net losses and claims, endowments,
surrenders, and annuiUes paid during
the year. $1,256,121.36
Principal office in Oregon. Home Of
fice. Portland.
"Vtnce'$ Electric"
157 S. Liberty
Vacuum Cleaner
SALES SERVICE
REPAIRS RENTALS
On All Types
Household or Commercial
Also Waxers
ALL WORK FULLY
GUARANTEED '
Free Pick-Up and Delivery
PHONE 3-9239
tve occasion ipr nis kecondA births
Games were playtd and re
freshments served later In the
afternoon.
Guests were Mrs. William Pen
nick and children Patricia and
Billy; Mrs. N. L. Pennick, Mrs.
ch
Melbourne, Rambo and Laura Jo
iitldien
Mrs.
and
Mrs. Oswald Hirte and
Ann Marie, Joe and John
Clarence Ball and Carol
the guest of honor.
Sue
Introverts and conyervatives
are said to prefer blue colors.
9
fill
3
S . ..
"Oa m fmst trip tm CtrUUd CWcvnu 1
wtrmftd 25 miles pr gsllam O.D.Ktnt,
Mtult 4, Be 231, GrttUy, Caaraa.
1S-2
SYNOPSIS OF ANNUAL STATE
MENT for the year ended December
31. 1948. of the Sunset Life Insurance
Company of America, of Olympla. in
the State of Washington, made to the
Insurance Commissioner of the State
of Oregon, pursuant to law: 4
INCOME f
Total premium income for the year,
Baiu.3ue.ee.
Interest, dividends and rents received
during the year. $72,461.54.
Income from other sources received
during the year $61.024 30.
Total income. $643.992 50
DISBURSEMENTS
Paid for losses, endowments, annui
ties and surrender values, $126,112 64.
Dividends paid to policyholders,
$17.54271.
Dividends paid to stock holders, none.
General Insurance expenses. AU other
disbursements items. $151,365.30.
Amount of all commissions, taxes
and other expenditures ( including in
vestment expenses $945 82. $103,761.29.
Total expenditures. $398,781.94.
ASSETS "
Value of real estate contracts (mar
ket value). $53,717.54.
Loans on mortgages tand collateral,
etc.. $806 344 76. J
Value of bonds owned (amortiied).
$890.408 30.
Value of Federally Insured Savings
ft Loan Shares. $512.200 58.
Policy Loans. $69 ,564 63?
Cash in banks and on hand. $99,964 00
Interest and rents due and accrued.
$6.479 46.
Net uncollected and deferred premi
ums. $122.159 29.
Other assets (net), -$1 652.91 - '
Total admitted assets.' $2 359 185 65?
LIABILITIES. SURPLUS AND
OTHER FUNDS
Net reserves, $1,602,737.00.
Policy claims and losses outstanding.
$6,403 DO
All other liabilities. Remaining lia-
biltv items. 8373.895 65.
Total liabilities, except capital. $1.-
983 035 65.
CaDital Da id ud. $250.000 00.
Unassigned funds (surplus), $126,-
150.00.
Surplus as regards policyholders.
$376,150.00.
Total, $2 359.185 65.
BUSINESS IN OREGON
FOR THE YEAR
Net premium and annuities received.
$2,382 63.
Dividends paid to policyholders dur
ing the vear. 811.44.
Principal office in Oregon. William
Turner ft Col. General Agent. 412-414
Broadway Bldg.. Portland 5. Oregon.
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