10 Thm Statmcm. Salam. Oregon. Monday. July 7. 1832
No. 88
Synopsis of Annual Statement for
the year ended December SI, 1951, of
The Equitable Life Assurance Society
of the United States, of the City of
New York, in the State of New York,
maae to the Insurance Commissioner
Of the State of Oregon, pursuant to
law:
INCOME
Total premium income for the year.
$731.415.687 58.
Interest, dividends and rents received
during the year. $200,392,238.86.
Income from other sources received
during the year. $96,649,316.95.
Total Income $1,028,45741-37.
DISBURSEMENTS
Paid for losses, endowments, annui
ties and surrender value, $325,543,197.07.
Dividends paid to policyholders. $94.
602.092.05. Dividends paid to stockholders, none.
General insurance expenses. $79,605.
165.95. Amount of all other expenditures
(including investment expenses $24,
869.628.79). $113,057,713.30.
Total expenditures. $612,808,168.37.
ASSETS
Value of real estate owned (market
value). $166,655,808.06.
Loans on mortgages and collateral,
etc . $1.166 997.232.79.
Value of bonds owned (market or
mortized). $4,195,112,712.08.
Value of stocks owned (market val
ue). $99,888,637.18.
Premium notes and policy loans,
$151,194,410.93. j
Cash in banks and on hand. $120.
215.427.08. Interest and rents due and accrued.
$45,503,706.46.
Net uncollected nd deferred pre
miums. $48,280,990.13.
Other assets (net). $101,051,847.12.
Total admitted assets. $6,094,900,771.83.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Net reserves. $5,303,612,709.78.
Policy claims and losses outstand
ing. $31.676.812 08.
All other liabilities. $395,052,543 23.
Total liabilities, except capital, $5,
130.342.065 09.
Capital paid up, none.
Special surplus funds: $11,770.000 00.
Unassigned funds (surplus), $352,788.
706.74. Surplus as regards policyholders,
$364,558,706.74.
Total, $6,094,900,771.83.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums and annuities re
ceived. $5,359,635.13.
Dividends paid to policyholders dur
ing the year, $722,381.31.
Net losses and claims, endowments,
surrenders, and annuities paid during
the year. $2,696,042.18.
Principal office in Oregon 712 Public
Service Building. 920 S.W. 6th Ave..
Portland. 4. Oregon.
In this statement bonds not sub
ject to amortization and all stocks are
stated at the market quotations on De
cember 31. 1951 as prescribed by the
National Association of Insurance
Commissioners.
MONDAY'S BROADCASTS
Pacific Standard Time
KSLM 1390. KOCO 1490. KGAE 1430, KOIN 970, KGW 620. KEX 1190
FM: Megacycles - KOIN 101.1. KEX 92.3
(Editor's note: The Statesman publishes In good faitb the programs and
times as provided by the radio stations, bat because oftimes the programs are
changed without notification, this newspaper cannot be responsible for the
accuracy herein).
HOUR
00:00
00:15
5
ROIN News IR.FJ5 Oregon IKoin Clock
KGW Symphonette ISymphonette i Symphonette
KEX Farm Home I Farm Home IFarm Home
6
KSLM News ITtmekeeper iMarch Time
KOCO West Meiod. I West Melod. IFarm News
KGAE CAE Klock I Klock I Tom Kelly
KOIN Koin Clock IMaoleod News IGoss News
KGW Country Editor 1 Johnny L. Wills News
KEX 1st Edition IM Agronsky IBob Garred
7
KSLM Hemingwav Break Gang
KOCO J R. Ranch JJ-R. Ranch
KGAE AP News (Klock
KOIN Consum. News I Valie News
KGW Old Songs (Old Songs
KEX Break. Club I Break. Club
8
KSLM Cecil Brown I Family Altar
KOCO Cummings I Cummings
KGAE Tom Kelly I Tom Kelly
KOIN Wendy Warren Aunt Jenny
KGW Music Box I Kate Smith
KEX News I Stars of Today
9
KSLM
KOCO
KGAE
KOIN
KGW
KEX
News
News
9 o'cl. Wire
Big sister
House Party
GOP Conv.
I Capitol
I Tune Timi
(Del Olney
( Ma Permna
IHouse Party
I GOP Conv.
10
KSLM News ITello "fest
KOCO Music I Music
KGAE Del Olney I Del Olney
KOIN 2nd Mrs Burton Perry Mason
KGW Db!e or Noth Dble or Noth
KEX GOP Conv. iGOP Conv.
11
KSLM Ladies Fair
KOCO Music
KGAE Shep Fields
KOIN Macleoa News
KGW Foster News
KEX Paul Harvey
U. adieu Fair
I Baseball
I Perry Combo
Come Get It
IRoad of Life
Noon Edition
12
KSLM Top Trades News IGay 90's Garden Guide
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KOIN Hilltop House Carl Smith Kirkham News Kirkham Newt
KGW Backstaee Wlfe'Stella Dallas llWidder Brown Woman in Hse
KEX Kay West I Kav West IKav West IKav West
1
KSLM Jack Kirkwood Jack Kirkwood Music B. S. I.
KOCO Baseball I Baseball I News I Magic Melody
KGAE Maltby Musie I GAE Af ternooni GAE Afternoon GAE Afternoon
KOIN Jack Owens IWayne King jThis I Believe ITunet'i.'.v Yourt
KGW Just Plain Bill F. P. Farrell ! Bob & Rav IDr.'sWife
KEX Cal Tinney ICal Tinney IMusic Revue Music Revue
2
KSLM News . iPaula Stone I Baseball Baseball
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KGAE GAE Afternoon! GAE Afternoon! GAE Afternoon! GAE Afternoon
KOIN Kirkham News iGodfrey iGodfrey iGodfrey
KGW Travelers ITravelers 1 Dr. Paul ID. Garroway
KEX Music Revue I Bill King Show! Something.Girlsl Something. Girls
3
KSLM
KOCO
KGAE
KOIN
KGW
KEX
Baseball
Second Look
Willamette
GOP Conv.
Life Beautiful
El Ranc. Keepo
I Baseball
(Research
I Willamette
GOP Conv.
I Music Box
I Squirrel Cage
4
KSLM Fulton Lewis IHemtnewav iCurtMassey I Sam Haves
KOCO Music U. Want IMusic U. Want IMusic U. Want IMusic U. Want
KGAE Kids' Corner l Navy or Army I Music Music
KOIN MR Morrow lNews I World Today Goss News
KGW Kaltenborn J Foster News (Firestone Voice I Firestone Voice
KEX Fun Factory IVets Reporter IHuntlev News Bob Garred
5
KSLM
KOCO
KGAE
KOIN
KGW
KEX
Conv. Digest
Music
Uncle Tom's
Romance
Relax Musio
Weatherman
I Conv. Digest
I Music
I Uncle Tom's
I Romance
Relax Music
I Home Edition
6
KSLM Gab. Heater Local News (Answer Man
KOCO Candlelight (Candlelight News
KGAE News Music I Evening
KOIN GOP Conv. IGOP Conv. IGOP Conv.
KGW America Music IRmerica Music Montgomery
KEX GOP Conv. (GOP Conv. IGOP Conv.
7
8
KSLM
KOCO
KGAE
KOIN
KGW
KEX
KSLM
KOCO
KOIN
KGW
KEX
Music Music I Crime Pay I Crime . Pay
Rosary I Stars Sing I Bandstand I Bandstand
GAE Hit I GAE Hit (Parade (Parade
GOP Conv. IGOP Conv. IGOP Conv. IGOP Conv
1 Man's Family I News of World Railroad Hour Railroad Hour
GOP Conv. IGOP Conv. IGOP Conv. GOP Conv.
Geo Do It
Dugout Dope
Quiz Kids
Phone Hour
GOP Conv.
I Geo Do It
I Baseball
I Quiz Kids
'Phone rlour
IGOP Conv.
9
KSLM
KOCO
KOIN
KGW
KEX
Hardy News
Baseball
S Star Final
Richfield Repr
Final Edition
10
KSLM Love a Mystery I Newsreel
KOCO Night Song I Night Song
KOIN Mel Baldwin Mel Baldwin
KGW News T. L. McCall
KEX Dance Time I Dance Time
11
KSLM War Front
KOCO Night Song
IMusic
I Night Song
KOAC 55 kc. Monday 10 M The
News and Weather; 10:15 Especially for
Women. -11:00 The Concert Hall;
12-00 The News and Weather: 12:15 o.m
Noon Farm Hour; 1.00 Ride Em Cow
boy; 1:30 Errand of Mercy; 1:45 Invi
tation to Read: 2:00 Especially for Lis
tening; 2:30 Memory Book of Music:
S:00 Oregon Reporter; 3:15 Music of the
Master: 4:00 Adventures in Research:
4:15 On the Upbeat; 4:45 News and
No. 7-7
Synopsis of Annual Statement for
the year ended December 31. 1951. of
the Connecticut General Life Insur
ance Company of Hartford. In the
State of Connecticut, made to the In
surance Commissioner of the State of
Oregon, pursuant to law:
INCOME
Total premium Income for the year,
$155,783,838.08.
Interest, dividends and rents re
ceived during the year. $29,352,740.89.
Income from other sources received
during the year, $22,988 57237.
Total income, $208,125,171.24.
DISBURSMENTS
Paid for losses, endowments, annu
ities and surrender values. $73,769.
292.03. Dividends paid to policyholders, $3.
259.746.96. Dividends paid to stockholders
(Cash. $1,020,000; stock, none). $1,020.
000.00. General insurance expenses, $21,-
030.191.72.
Amount of all other expenditures
(including Investment expenses $3,443,
622 00) $11.263.36133.
Total expenditures. $114,342,591.94.
ASSETS
Value of real estate owned (market
value). $23,107,446.66.
Loans on mortgages and collateral,
etc.. $366,067,662.01.
Mortgage loans in process, $1,007,
269.83 .
Value of bonds owned (amortized).
$468.957.505 62.
Value of stocks owned (market val
ue). $22.134.03035.
Permium notes and policy loans, $17,
082.808.98. Cash in banks and on hand, $19,089.
289.77. Interest and rents due and accrued.
$6,711,587.78.
Net uncollected and deferred pre
miums. $15,128,416.15.
Other assets (net). $98,575.91.
Total admitted assets. $939,384,592.96.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Net reserves. $735,525,338.89.
Policy claims and losses outstanding.
$88,000,544.08
All other liabilities. $43,954,731.16.
Total liabilities, except capital, $867.
480.614.13. Capital paid up. $6,000,000 00.
Special surplus funds: $26,832,000.00.
Unassigned funds (surplus), $39,071.
978.83. Surplus as regards policyholders.
$71,903,978 83.
Total. $939.384.592 96.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums and annuities re
ceived. $417,056 00.
Dividends paid to policyholders dur
ing the year, $23,155.72.
Net losses and claims, endowments,
surrenders, and annuities paid during
the year. $99,669.70.
00:30
00:45
IKoin Clock
IFarm Time
I Johnny L Wills
IN.W News
I News
I Klock
Babbitt Show
Knox Manning
Bob Hazeo
1 Break. Gang
IJ-R. Ranch
I Klock
IGrana Slam
Music Box
IBreaK. Club
Sam Hayes
JJ-R. Ranch
I AP News
Rosemary
I Music Box
Break Club
Bible institute Bible institute
1 Cummings I Cummings
fTom Kelly J Tom Kelly
(Helen Trent Gal Sundav
I Kate Smith IChuck Foster
GOP Con. I GOP Conv.
Comnt. I Pastor's Call Bargain Countr
IPiano Patterns 'Morn. Medit.
I Del Olney Del Olney
I Dt .Ja lone Guiding Light
I Strike It Rich Strike It Rich
I GOP Conv. I GOP Conv.
Answer Man
I Music
I Dennis Day
I Music
I Music
I Blue Barron
Norah Drake
Brighter Day
Brighter Day I Dr. Malone
: Barney Keep i Barney Keep
'Queen a Day
I Baseball
I Tony Martin
House Hartv
Queen a day
I Baseball
I Wayne King
House Partv
Pepper Young
Happiness
Lucky U Ranch I Lucky U Ranch
I Baseball
I News
I Willamette
I Studio
IMusic Box
'Squirrel Cage
Baseball
Young Heart
Willamette
Studio
IMusic Box
Happy Time
IMusic I Your Host
IMusic IMusic
I Cabin I Cabin
IGOP Conv. IGOP Conv.
Basin St. Music! Basin St. Music
itiOH Conv. IGOP Conv.
I Sam Hayes
188 Keys
I Radio
IGOP Conv.
I Showcase
IGOP Conv.
(Music
I Baseball
IQ's Wax Wks.
I Alan Jones
IGOP Conv.
IMusic
I Baseball
IQ's Wax Wks.
I Alan Jones
IGOP Conv.
Pultun Lewis I Musie Musio
I Baseball Baseball I News
1 You and World 'Chamber For "ml Chamber Forum
I Sports Final Dang Assign. I Dang. Assign.
I Dance Time I Dance Time I Dance Imt
News I War Front
I Night Song I Night Song
IT Band-Stand IT. Band-Stand
'J. Wallington J. Wallington
I Dance Time I Dance Time
INews
(Night Song
IMusic
(Night Song
Weather; 5-00 Children Theatre; 5:30
Story Behind a Song; 5:45 Let There
Be Light: 6:00 The News and Weath
er; :15 Oregon Civil Service; 8:30 Fly
ing Time; 6:45 Here's to Veterans: 7:00
Tom Roberts organist: 7:15 Evening
Farm Hour; 8.-00 Treasures Off the
Shelf; 8:30 Artistry in Classes: 8:45
The News and Weather; 9 KM Music
That Endures; 10:00 Sign Off.
Tube of Shaving Cream
Black Jack Fails Con
AUSTIN, Minn. (JP) Conrad
Kaus's bid for liberty was a
mighty close shave.
He slugged Sheriff Albert Rein
artz Sunday morning with a
blackjack made of a tube of shav
ing cream wrapped in a towel, and
fled the Austin jail.
A few minutes later Kaus was
caDtured in a nearby clump of
shrubs, sootted by the sheriff's
12-year-old daughter, Jeannette
No. 17-17
-. i A Anmml Ct. t.m.nt fnp
the year ended December 31, 1951. of
tne XNOnn American vaauauy uu
Surety Reinsurance Corporation of 99
John Street. New York 38. in the state
ol New York, made to the Insurance
Commissioner of the State of Oregon,
pursuant to law:
ADMITTED ASSETS
Bonds. $41,485,877.20.
Stocks. $6,881,619.00.
Mortgage loans on real estate. $100,
443 75.
Real estate, none.
Cash and bank deposits. $2,502,822 83.
Agents' balances or uncollected pre
miums. $1,519,493.10.
Interest, dividends and real estate in
come due and accrued. $102,922.61.
Other assets, none.
Total admitted assets. $52,593,178.49.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses. $20,422,302.76.
Loss adjustment expenses, $1,433,
981.36 Unearned premiums. $13,781,252.14.
All other liabilities. $5,047,644.32.
Total liabilities, except capital. $40,
685.180.58. Capital paid up. $4,000,000.00.
Special surplus funds, none.
Unassigned funds (surplus), $7,907.
997.91. Surplus as regards policyholders,
$11,907,997.91.
Total. $52,593,178.49.
STATEMENT OF INCOME
Premiums earned. $18,747,275.63.
Losses incurred. $9,817,389.42.
Loss expenses incurred, $790,808.62.
Other underwriting expenses in
curred. $9,715,608.13.
Total underwriting deducUons, $20,
323.806.17. Net underwriUng gain or loss, $1,
576.530.54. Investment income. $1,340,940.91.
Other income. $20,552.68.
Total, before federal income taxes.
$256 142.31.
Federal income taxes incurred. $78,
563.91. Net income. $334,706.22.
Dividends to stockholders, $300,
000.00. ,,
Dividends to policyholders, none.
Capital changes (net), none.
Other items affecUng surplus (net),
$866,460.43.
Total capital and surplus items (net).
$566,460.43.
Increase in surplus as regards pol
icyholders. $231.754 21.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums received. $249,872.0t.
Net losses paid. $63,583.29.
Dividends paid or credited to policy
holders, none.
No. 11-11
Synopsis of Annual Statement for
the vear ended December 31. 1951. of
the Home Life Insurance Company of
New York, in the State of New York,
made to the Insurance Commissioner
of the State of Oregon, pursuant to
law:
INCOME
Total premium income for the year.
$25,634,470.35
Interest, dividends and rents re
ceived during the year, $9,302,202.26.
Income from other sources received
during the year. $6,731,599.27.
Total income. $41,668,271.88.
DISBURSEMENTS
Paid for losses, endowments, annu
ities and surrender values. $11,211.
804 35.
Dividends paid to policyholders. $2.
639.612.29. Dividends paid to stockholders, none.
General insurance expenses, $4,875.
970.94. Amount of all other expenditures
(including investment general expenses
$1,232,339.91). $8,568,495.67.
Total expenditures. $27,295,883.25.
ASSETS
Value of real estate owned (market
value). $5.304.282 71.
Loans on mortgages and collateral,
etc.. $120,979,150.39.
Value of bonds owned (amortized).
$100.044,181 04.
Value of stocks owned (market val
ue). $7,015,180.00.
Premium notes and policy loans, $11,
687.740.18. Cash in banks and on hand. $2,945.
664.82. Interest and rents due and accrued,
$1,300,782 45.
Net uncollected and deferred pre
miums. $3,659,401 89.
Other assets (net). $113,790.38.
Total admitted assets. $253,050,073.88.
LIABILITIES SURPLUS AND
OTHER FUNDS
Net reserves. $194,789,664.00.
Policy claims and losses outstanding.
$1,215,503.51.
All other liabilities, $42,965,613.58.
Total liabilities, except capital, $238,
970.781.09. Capital paid up, none.
Special surplus funds: Invest. Cont.
Res.. $2.400.000 00.
Unassigned funds (surplus), $11,679.
292.77. Surplus as regards policyholders.
$14,079,292 77.
Total. $253.050,073 86.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums and annuities received.
$12,458.80.
Dividends paid to policyholders dur
ing the year. $1,156.23.
Net losses and claims, endowments,
surrenders, and annuities paid during
the year, none
Principal office in Oregon, none.
No. 12-12
Synopsis of Annual Statement for
the vear ended December 31. 1951, of
the Kansas City Fire and Marine In
surance Company of Kansas City, in
the State of Missouri, made to the In
surance Commissioner of the State of
Oregon, pursuant to law:
ADMITTED ASSETS
Bonds. $2,516,360.80.
Stocks, $1,926,142.08.
Mortgage loans on real estate, $13,
025 00.
Real estate. $491,134 81.
Cash and bank deposits. $1,111,556.62.
Agents' balances or uncollected pre
miums. $1,488,706 97.
Interest, dividends and real estate in
come due and accrued. $19,052.07.
Other assets. $415,078.58.
Total admitted assets. $7,981,056.93.
LIABILITIES SURPLUS AND
OTHER FUNDS
Losses. $376,599.00.
Loss adjustment expenses. $33,296.06.
Unearned premiums, $2,808,993.00.
AU other liabliUes. $1.972423.53.
Total liabilities, except capital. $5.
11.111.59. Capital paid up. $1,000,000.00.
Special surplus funds, none.
Unassigned funds (surplus), $1,789,
945.34. Surplus as regards policyholders,
$2,789,945.34
Total. $7,981,056.93.
STATEMENT OF INCOME
Premiums earned. $2,794,128.59.
Losses incurred. $1.568.81530.
Loss expenses incurred. $223,688.69.
Other underwriting expenses in
curred. $1,044,689.65.
Total underwriting deductions, $2.
S37.193.64. Net underwriting gain or loss,
(-) $43,065.05.
Investment income. $228,775.61.
Other ircome. -)$1.691.18.
Total, before federal income taxes,
$184.01938.
Federal income taxes incurred. $23,
129.59. Net Income. $160,889.79.
Dividends to stockholders. $100,000.00.
Dividends to policyholders, none.
Capital changes (net). $77,412.31.
Other items affecting surplus (net).
$19.51838.
Total capital and surplus items (net),
(-)$42. 106.07.
Increase in surplus as regards nol
le holders: $118,783.72
BUSINESS IN OREGON FOR THE
YEAR
Net premiums received. $4,17236.
Netnosses paid. $1370.79.
Dividends paid or credited to policy-
noiders
Obituaries
MOORS
Charles Henry Moore, at home. 1730
Water St., Thursday, July 3. at age 61.
Survived by sister, Mrs. Lena Lichty
of Los Angeles. Announcement of ser
vices later by Howell-Edwards Chapel.
O'KEEFE
Elizabeth O'Keefe, late resident of
4023 S. E. Taylor St.. Portland. Moth
er of Mrs. William O'Mera of Denver.
Sister Mary Raphael and Mother Mary
Camilla of the Sisters of the Presen
tation. Dubuque. Iowa. James O'Keefe
of Early, Iowa. Charles O'Keefe of
No. 15-15
Synopsis of Annual Statement for
the year ended December 31. 1951. of
the Michigan Mutual Liability Com
pany of 28 West Adams Avenue. De
troit 26, in the State of Michigan,
made to the Insurance Commissioner
of the State of Oregon, pursuant to
law :
ADMITTED ASSETS
Bonds, $27,665,778.62.
Stocks. $452,681.00
Mortgage loans on real estate, none.
Real estate. $3.3lb,uu.io.
Cash and bank deposits. $2469.421.89.
Agents' balances or uncollected pre
miums. $4,178,853.76.
Interest, dividends and real estate
Income due and accrued, $117,199.12.
Other assets. $64,871.06.
Total admitted assets. $40,064,818.61.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses. $17,981,894.76.
Loss adjustment expenses, $1,554,
"21.18. Unearned premiums, $9,728,702.21.
All other liabilities. $3,007,367.92.
Total liabilities, except capital. $32.
262.586.07. Guaranty funds. $500.000 00.
Special surplus funds. $1,000,000.00.
Unassigned funds (surplus). $6,302,
232 54.
Surplus as regards policyholders. $7.
802.232 54.
Total. $40,064,818.61.
STATEMENT OF INCOME
Premiums earned. $30,876,636.95.
Losses incurred. $16398398.52.
Loss expenses incurred. $3,090,663.77.
Other underwriting expenses in
curred. $8,737.238 49.
Total underwriting deductions, $26.
226.300.58. Net underwriting gain or loss. $4,
650336.37. Investment income. $513,547.07.
Other income. $62,418.75.
Total, before federal income taxes,
$5,226,302 19.
Federal income taxes incurred, $284,
182 68.
Net income. $4,942,119.51.
Dividends to stockholders, none.
Dividends to policyholders, $4,052.
024 84.
Capital cnanges (net), none.
Other items affecting surplus (net),
$326,721.64.
Total capital and surplus items (net),
$4,378,746.48.
Increase in surplus as regards pol
icyholders. $563.373 03.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums received, none.
Net losses paid, none.
Dividends paid or credited to pol
icyholders, none.
No. 9-9
Synopsis of Annual Statement for
the year ended December 31. 1951. of
the Germantown Fire Insurance Com
pany, of 5321 Germantown Avenue.
Philadelphia 44. in the State of Penn
sylvania, made to the Insurance Com
missioner of the State of Oregon, pur
suant to law:
ADMITTED ASSETS
Bonds. $2.750.872 26.
Stocks. $2.463333.60.
Mortgage loans on real estate, none.
Real estate. $139,900.25.
Cash and bank deposits, $408,462 18.
Agents' balances or uncollected pre
miums. $69,407.37.
Interest, dividends and real estate
income due and accrued. $19,487.47.
Other assets. $40,540.05.
Total admitted assets. $5.891.903 18.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses. $18,656.33
Loss adjustment expenses, $1.500 00.
Unearned premiums. $1.300313.16.
All other liabilities. $204.243 53.
Total liabilities, except capital. $1.
524.613 02.
Capital paid up. $1,104,000.00.
Special surplus funds, none.
Unassigned funds (surplus). $3,263.
290.14. Surplus as regards policyholders,
$4.367390.14.
Total. $5,891,903.16.
STATEMENT OF INCOME
Premiums earned. $507,678 57.
Losses incurred. $115.148 89.
Loss expenses incurred. $11.861 66.
Other underwriting expenses in
curred. $376.334 31.
Total underwriting deductions, $503.
344.86. Net underwriting gain or loss, $4,
?33 71.
Investment Income. $175,878.94.
Other income, none.
Total, before federal income taxes.
$180,212.65
Federal income taxes incurred. $64.
189 29.
Net Income. $116,023.36.
Dividends to stockholders. -$73,600.00.
Dividends to policyholders, none.
Capital changes (net), none.
Other items affecting surplus (net).
$196,132 42.
Total capital and surplus items (net).
$122,532 42.
Increase in surplus as regards policy
holders. $238,555.78.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums received. $9,819.39.
Net losses paid. $359 19.
Dividends paid or credited to pol
icyholders, none.
Principal office in Oregon. 1300 E.
Burnside St.. Portland. Oregon.
No. 10-10
Synopsis of Annual Statement for
the year ended December 31. 1951, of
the Government Employees Insurance
Company of Washington, in the Dis
trict of Columbia, made to the Insur
ance Commissioner of the State of Or
egon, pursuant to law :
ADMITTED ASSETS
Bonds. $7,743,284 17.
Stocks. $1,915,113.00.
Mortgage loans on real estate, none.
Real estate. $735341 62.
Cash and bank deposits. $1,903,640.19.
Agents' balances or uncollected pre
miums. $1,382,466.55.
Interest, dividends and real estate in
come due and accrued. $79,432.73.
Other assets, none.
Total admitted assets. $13,759.178 28.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses. $2,408,569.43.
Loss adjustment expenses. $766,326.87.
Unearned premiums. $5,301,439.15.
AU other liabilities. $1,089,400.55
Total liabilities, except capital. $9,
565.736 00.
Capital paid up. $1,000,000.00.
Special surplus funds, none.
Unassigned funds (surplus), $3,193.
44236. Surplus as regards policyholders,
$4,193 44236
Total. $13.759.17838.
STATEMENT Of" INCOME
Premiums earned, $8,930,670.10.
Losses incurred. $4,682,720 90.
Loss expenses incurred. $132236731.
Other underwriting expenses in
curred. $1.654.833 62.
Total underwriting deductions,
559.821.73.
Net underwriting gain or loss, $1,
370.848.37. Investment income. $394,178.62.
Other income, -$993.72.
Total, before federal Income taxes,
$1.764.03337.
Federal income taxes Incurred, $674.
008.34. Net income. $1,090,024.93.
Dividends to stockholders. $240,000 00.
Dividends to policyholders. $259.
729 20.
Capital changes (net). -$39.02835.
Other items affecting surplus (net),
$68.08935.
Total capital and surplus items (net),
$528,789.90.
Increase in surplus as regards pol
icyholders. $561335.03.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums received. $78,133.18.
Net losses paid, $28,451.60.
Dividends paid or credited to policy
holders, none.
Daylight Time
The following cities in Oregon
are on Daylight Time (with their
clocks one hour ahead of Standard
Time):
Albany
Aloha
Amity
Astoria
Beaverton
Bend
Burns
Can by
Carlton
ClaUkanie
Cascade Locks
Corvallis
Cottage Grove
Colver
Oaytoa
DeLake
Estacada
Eugene
Forest Grove
Gearhart
Gladstone
G res ham
Hillsboro
Hood River
Jtiction City
Klamath Falls
Lafayette
Lakeview
Lebanon
Madras
McMinnvlUe
Medford
Milwaukle
MolaJia
Newoerg
Newport
Oakridge
Ocean Lake
Oregon City
Oswego
Portland
PrineviUe
Rainier
Redmond
Riddle
fUrttburg
Bandy
icappoote
Seaside
Sheridan
Sherwood
Springfield
BL Helens
Bweet Home
raft
rigard
Warrentoa
West Linn
Wlllamina
Yamhill
Washington cities on Daylight
Time include Seattle, Vancouver,
Aberdeen, Camas, Kelso. Longview
and Olympia (also most of Ta
coma). Russ Soldiers
Kidnap Pair
BRUNSWICK, Germany (P)
Two Russian soldiers Sunday used
the "gotta match?" gimmick to
kidnap a West German customs
man at the border near here.
As the two 'Red soldiers step
ped across the border on the pre
text of getting a light they pounc
ed on the unsuspecting German
and pulled him back into the East
Zone.
It happened so fast that an
other West German customs man
nearby was helpless to prevent
the snatch, the second of the day.
Earlier, two East Zone people's
police grabbed a customs man at
a different spot along the bor
der. No. 6-6
Synopsis of Annual Statement for
the year ei ded December 31, 1951. of
the Boston Manufacturers Mutual Fire
Insurance Company, of Beston. in the
State of Masschusetts. made to the
Insurance Commissioner of the State
of Oregon, pursuant to law:
ADMITTED ASSETS
Bonds. $26,332,273.07.
Stocks, $12,159,007.00.
Mortgage loans on real estate, none.
Real estate, none.
Cash and bank deposits. $618,961.35.
Agents' balances or uncollected pre
miums, $1,327,709.68.
Interest, dividends and real estate
income due and accrued, $128,241.17.
Other assets. $128,725 46.
Total admitted assets. $40,694,917.73.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses. $1,999,877.69.
Loss adjustment expenses. $50,000 00.
Unearned premiums, $19,612,672 52.
All other liabilities. $1,527.742 19
Total liabilities, except capital, $23.
190.292.40. Capital paid up. none.
Special surplus funds. $290.000 00.
Unassigned funds surplus). $17,214,
625 33.
Surplus as regards policyholders,
$17,504,625 33.
Total, $40,694,917.73.
STATEMENT OF INCOME
Premiums earned. $13.249.333 33.
Losses incurred $2.759.738 79.
Loss expenses incurred. $86,371.74.
Other underwriting expenses in
curred. $1,947,028.13.
Total underwriting deductions, $4.
793.138.66. Net underwriUng gain or loss, $8,
456.194 66.
Investment Income. $1,004,876.01.
Other income. $291 07.
Total, before federal income taxes,
$9,461,361 74
Federal income taxes incurred, $327.
120 62.
Net income $9 134.241 12
Dividends to stockholders, none.
Unabsorbed premium deposit re
turns. $8.784 282 41.
Capital changes met), none.
Other items affecting surplus (net),
$1.298.576.01..
Total capital and surplus items (net),
-$7,485,706 43.
Increase in surplus as regards pol
icyholders. $1.648.534 69.
BUSINESS IN ORFGON FOR THE
YEAR
Net premiums received. $44,905.66.
Net losses paid. -$48.380 26.
Unabsorbed premium deposits paid
or credited to policyholders. $24,638.65.
No. 5-5
Synopsis of Annual Statement for
the year ended December 31, 1951. of
the Affiliated F M Insurance Company
of 700 Turks Head Building-Providence,
in the State of Rhode Island,
made to the Insurance Commissioner of
the State of Oregon, pursuant to law:
ADMITTED ASSETS
Bonds. $2,248,363.67.
Stocks. $90,400.00.
Mortgage loans on real estate, none.
Real estate, none.
Cash and bank deposts. $725,317.67.
Agents' balances or uncollected pre
miums. $549,470.06
Interest, dividends and real estate
income due and accrued. $3,255 22.
Total admitted assets. $3,616,806.62.
LIABILITIES SURPLUS AND
OTHER FUNDS
Losses. $242,066 65.
Loss adjustment expenses. $3,680.00
Unearned premiums. $706,604.62.
All other liabilities. $697,196.41.
Total liabilities, except capital, $1,
649.547 08.
Capital paid up. $500.000 00.
Unassigned funds (surplus), $1,467,
259 54.
Surplus as regards policyholders.
$1.967 359 54.
Total. $3.616.806 62.
STATEMENT OF INCOME
Premiums earned. $939,527.06.
Losses incurred. $549,405.44.
Loss expenses incurred. $5.547 35.
Other underwriUng expenses in
curred. $324,746.78.
Total underwriting deductions. $879,
699 57.
Net underwriting gain or loss, $59,-
827.49.
Investment income. $33,763.89.
Total, before federal income taxes.
$93,591.38
Federal income taxes incurred, $12,
250 00.
Net income. $81,341.38.
Dividends to stockholders, none.
Dividends to policyholders. $41,132.76.
Other items affecUng surplus (net),
$5,301.65.
Total capital and surplus items (net),
$46,434.41.
Increase in surplus as regards pol
icyholders. $34.906 97.
BUSINESS IN OREGON FOR THE
YEAR
Net premiums received. $22,176.09.
Net losses paid. $2333
Dividends paid or credited to policy
holders, none.
Or. T T Lam. N D. Dr G. Chan. N.D
DRS. CHAN . . . LAM
CHINESE NATUROPATHS
Upstairs, 241 North Liberty
Office open Saturday eniy. IS a.as
te 1 p m tm 1 pjm. Consultation
blood pressure and arine tests are
free of charge Practiced since 1S17
Write for attractive gift. Ne oetJ-aUoflL
1 r-j
Bakery Plants
Face New Law
For Workers
PORTLAND Employment of
boys and girls under 18 years old
for working with certain power
driven machines in bakery plants
Covered bv the federal x.'aaa on
hour law, is prohibited by a new
nazaraous occupation order, ef
fective July 21.
Announcement of the new order
wah made here today by Madison
R. Smith, field office supervisor
for the Wage and Hour and Pub
lic Contracts Divisions. U. S. De
partment of Labor, in Oregon.
"The prohibited jobs," he said,
"include operating, assisting to op
erate or cleaning dough and batter
mixers; bread dividing, rounding
or moulding machines; dough
brakes and sheeters; combination
bread slicing and wraDping ma
chines, and cake cutting band
saws. Also prohibited is setting
up or adjusting
. - " V V. . HI. i t i
machines.
'The new order does not re
lieve an employer from the obli
gation to comply with other Fed
eral, State or municipal laws that
set a higher standard."
CHURCH HAS 250TH BIRTHDA
NEW YORK (P) - The Grace
Episcopal Church in the borough
vi wueens nas celebrated its 250th
anniversary. It was founded by
a missionary of the London Soci
ety for the Propagation of the
Gospel in Foreign Parts in 1702.
Next to Trinity Church in Man
hattan, it is the oldest Episcopal
Church in the State of New York.
Salem Market
Quotations
(As of late yesterday)
I TTtRFAT
Premium 75
No. 1 '.Z'Z".'.'Z. .73
No 2
Bl'TTKR
Wholesale T6
Retail i.'..'.Z'.'Z'.'.Z '.81
EGGS (Baying)
tWholsaie oi ices range from
to 7 cents ovei buying price )
I-arge AA .51
Large A .47
Medium AA . .44
Medium .. '42
Small Zl 34
1 I TRY
Leghorn Hens .13
Colored Hens .17
Colored Fryers 30
Old roosters .14
Roasters 39
LIVESTOCK
(Valley Packing Company QnotaUons)
Cutter 13 00 to 2100
Heifers 18 00 to 22 00
Bulls 20 00 to 27.00
Good Veal 28 00 to 30 00
Calves 24 00 to 28 00
Fat Dairy 15 00 to 16 00
rn 2
Your Sonus Can Make A Down
Payment On A Late Model Car!
Your biggest hurdle to a late model car, the down payment, has
been solved with your bonus.
Pick your favorite Used Car Dealer from Thursday, Friday & Satur
day's Oregon Statesman.
Save those repair bills on your older car and apply that different
to your monthly payments.
Remember: GOOD transportation is ALWAYS cheaper.
WATCH YOUR MORNING STATESMAN
FOR
Carroll. Iowa, and the Rev. George L.
O'Keefe of Portland. Solemn requiem
mass will be Tuesday. July 8, at 10 a.
m. at St. Stephen's Catholic Church.
Portland, with Interment at Mt. Cal
vary Cemetery in Portland. Recitation
of the rosary at the residence Monday
at 8 p.m. Hennessey, Goetsch and
McGee in charge.
NOTICE OF ADMINISTRATRIX' SALE
Pursuant to order of Circuit Court
of Oregon, for County of Marion, in
matter of estate of GEORGE ZWICK
ER. deceased, the undersigned ad
ministratrix of said estate will from
and after 17 July 1952. at the office of
her attorneys in Salem. Oregon, pro
ceed to sell, at private sale, for cash,
following-described real property:
Lot No. 7 in Block G. of SIMP
SON'S ADDITION to Salem as
shown and designated on the re
corded plat of said Addition in the
record of Town Plats for Marion
County. Oregon. Vol. 2 page 50.
Said Lot being 175 feet on Leslie
Street ind 364 feet long, as will
more fullv appear, reference being
had to the aforesaid town plat.
TILLIE HALL
As Such Administratrix
ALLAN G. CARSON. WALLACE P.
CARSON and PETER M. GUNNAR.
214 Pioneer Trust Building. Salem.
Oregon, ttorneys for Administratrix.
J 16. 23. 30. Jly. 7.
CALL FOR BIDS
Sealed bids will be received by the
Board of Education of School District
No. 24CJ. Marion County. Oregon, up
to 5:00 p.m.. P.S.T.. on Friday. July
25. 1952. for furnishing the petroleum
products required by the district dur
ing the year beginning September 15.
1952.
Proposal blanks may be obtained
from and shall be filed with the Dis
trict Clerk at 460 North High Street.
Salem. Oregon. A proposal guarantee
is required
The right to reject any or all bids Is
reserved bv the board.
Connell C. Ward. District Clerk. Jly.7
300 Personal
312 Lost and Found
LOST: At dinger pool, child's light
horned rim glasses Reward. 4-4745.
BLACK and white cocker near Cen
tral Howell School. Phone 2-1353.
WILL the person who picked up my
7' 2 Hp. Evinrude motor, serial No.
07379. at Mission Lake on July 4
kindly call me at 4-4174. Ivan Bow
ers. $25 reward.
316 Personal
ALCOHOLICS ANONYMOUS. 315'i N.
Commercial St. Ph. 2-2108. Meeting
bunday 3 p.m. Tuesday a p.m
ALCOHOLICS Anonymous group No 1.
2088 N Commercial Pnone 2-9419 or
3-4537 P O. Box 724.
400 Agriculture
402 Livestock
PASTURE for rent. 80 acres, fenced.
Plenty wa te r. Phone 2-7298.
BONDED LIVESTOCK buver E C
McCandlish 1127 S. 25th. Ph. 3-8147.
LOCKER BEEF, cut and wrapped. 49c
lb.: Locker pork. 35c !b. Custom kill
ing Livestock bought. Trailer loaned
free. Ph 3-4858 Salem Meat Co.
South of Waters ball Dark
BONDED Livestock -uyer A F Som
mer. 2130 Chemawa Rd Phone 4-2617
LICENSED and bonded livestock buv
er E. I Snethen 1940 Lancaster Dr
Phone 2-1345.
BONDED Livestock buyer. Claude
Edwards Rt 3. Box J99E Ph 4-1113
JV
July 10, 11 and 12
V-i. -v'
sg V-''
4O0 Afxricnlmre :
404 Poultry and Rabhiia :
FRYERS AND HENS WANTED. HIGH
EST MARKET PRICES. PHONB
2-2861. Lee's Hatchery.
N -.W H AMPSLLRfc. ChieJu, day-old andi
started Weekly ha tehee. Lee's Chirks
a row fast. Phcne 2-286 L Lmm'm Batch
e-r
HATCHES of Golden Broad and Mew
Hampshire thicks every Tuesday. W
specialize .n broiler Chicks. Fox's
Hatcnery. i30 State St. Ph. S-4969.
408 Pets - - "
COCKER PUPS. $13 and Sit. 1475 North
21st. Phone 3-4974.
SHETLAND PONY, gentle, saddle,
bridle. Rt. 5. Box 900. Saiem. Tint
gravel road to left peat Bicker
Schoot. At end of road.
SPRINGER SPA.S1XX, pups for saJau
Nicely marked. Well bred. Will make
good hunting dogs. 11 miles east at
Shaw. E. F. Amort. -
MOORE s tropical Lsh aquarium
plants, heaters St thermostats, pumps,
2 miles from S Lancaster on Macleay
Rd Phone 2-7321. closed Wednesday.. "
TROPICAL FISH and supplies. C-"C .
Mann. BatUecreek Rd. Turner. Ore.
412 Fruit and Farm Produc .
BAN AND BEET. Raspberries at S4tt
N. River Rd. Ph. 2-4358.
FORMER Frigaard fruits Land under -new
management, now open for busi
ness 5445 North River Road. FboaS)
2-4358. 7
BLACK CAPS. U-pick. lie per pound.
Bring containers. Carl D. Vogt. 14
mile west of Pratum.
PIE CHERRIES. 12c pound. Jo5
Dazies. Hubbard. Diagonally screes
from school on highway. Pboo
Hubbard 3803. 3
BLUEBERRIES. 30c per pound. 1 miii
south of Woodburn on Highway ss,
James L. Bright. .
LAMBERT cherries, good picking
a.iuu um, jc id. rnont i-iiza.
TOP quality grass hay. never rained
on. $20 ton Phone Silverton 5-F-JL
Rt. 3 Box 74-A. Savage and Martin.
10 ACRES of irrigated Marshall, f
a.m. until dark. 6c a lb. 1 miles west
from Keizer School on black top to
Woodland sign, second field. Bring;
containers. Wood. Phone 2-7895, NO
Sundavs.
LOGANBERRIES. t2.00 a crate or 171
pick 10c pound. Saturday. John
Neuensch wander. T mi. South os
Salem on &9E. Call 1-0030 noost or
evenings.
U-PICK MONTMORENCY pie ch
10c pound. Thoroushlr di
throughout season. 1 mile south
4 corners, to McClay Road out
miles on left. Bring own containers.
K M. Livesley. Route 5. Box 478.
BLACK CAPS. U-Pick. JX00 or 12
picked. Phone 4-4331. Bouts t.
joe.
EXTRA GOOD cherries 4c lb. U-picxL
Royal A -ins. Bings and Lamberts, f
miles north of Salem on PacifiS
Highwav. Phone 4-3989 before 8 SJn,
Jacob Faix.
ROYAL A-NNES. Bings, Lamberts, 54
lb. You pick. 3180 Chemawa Road. 1.
O. Muchridge
U-PICK STRAWBERRIES 10c a 16.
Bring own containers. Stanlev Sneed,
2520 Blossom Dr. Located 2 miles
North of Salem. Turn West off ei
99E at HaysviUe.
U-PICK. irrigated Northwestern strawi
berries 1710 Wallace Rd. 1 roL north.
of bridge 3ring containers.
PIE CHERRIEST Lamberts. Royal
Annes. Phone 2-4254.
414 Farm Equipment
FOR SALE AJiis Chalmers machinery.
N'ew and used Phone 4-155
! - 1 ( :" t
000
mm