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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Aug. 13, 1952)
The Slcrtosmcm, Salem, Ore., Wednosdtry, August 13. 1952 9; X FourBelieviek Drowned at GraysHarbor WESTPORT, Wash. (JPj A , Seattle produce executive drowned and three other fishermen were leared lost in turbulent waters off the entrance of Grays Harbor Sun day. . Sam Picardo, partner in the Uni ted Fruit and Produce Co., was swept to his death when high teas overturned his small fishing craft A companion. H. R. Gillanders, was pulled to safety by Sea Scouts Xishing nearby. The Coast Guard searched throughout the day for three other Xisherxnen, unreported since early Sunday when they left here In a mall fishing boat. The men identified as Leigh Nuffield, 55, and I. L. Wilson, 47, both of Shelton, and Roy Zeltrie ct Orient, Ferry County. A heavy fog and extremely rough seas hampered the search efforts Monday. Coastguardsmen at the life boat station here said j the men "un doubtedly had been. lost. ; Two other fishermen narrowly escaped death in the chill, choppy waters. The pair, Coleman Wynn and VT Ward, both from the Gravs Harbor area, were rescued after j clinging to their overturned boat 40 minutes. The harbor entrance, a favorite spot for salmon fishermen, is sub ject to treacherous cross currents and sudden sea-whipping winds. Ship Sinks On Dry Land LONDON (JPt The TO-ton tug Felicidade, built here and bound lor Brazil, set 'up a nautical rec ord Monday by sinking on dry land. W. Weatherhead and ! Sons, builders, decided to send the tug on a low-frame trailer to Liver pool. It got 400 yards from the shipyard and went down through cobblestone pavement, me buil ders said the tug Is delayed there Indefinitely. 'I Ma. AS-t Synopsis of Annual Statement lor the year ended December 31. 1851, of the Beneficial Standard Life Insurance Company of Los Angeles, in the State mt California, made to the Insurance Commissioner of vie Stat ox uregon. pursuant to law: INCOME i Total premium income for the year. rr i 80 323.72. Interest, dividend and rents received eurins the year. $200,051.13. Income from other sources received urin the year. I1.094.332.9Z. Total income, S8.4TSJ07.79. DISBURSEMENTS Paid for losses, endowments, annui ties and surrender values. S2.4O0.517.74. Dividends paid to policyholders, none. Dividends paid to stockholders Cash, SI 73. 159.18; stock. $973,528.00). $1,146. CS7.18. ! " General Insurance expenses, $1,771. 45.42. - Amount of an other expenditures (Including investment expenses. $45. 33.62). $2.37.403.S3. Total expenditure. S7.707.4S3.97. ASSETS Value of rml estate owned (market value), none. Loans on mortgages and collateral, etc.. $1.033 .236.47. Value of bonds owned (amortized). S2.454.83B.24. Value of stocks owned (market vsluei.S2912.459.38. Premium notes and policy loans. S34.184.55. Cadi in banks and on hand. $471. 471.77. Interest and rents due and accrued, $33.188 JO. Net uncollected and deferred pram-urns. $171.315.83. Other assets (net). $37,2380. Total admitted assets. $7,147,839.02. UABUJTTES," SUPPLIES AND OTHER FUNDS Net reserves. $1,954,752.13. Policy claims 'and losses outstanding. 428.090.00. All other liabilities. $444,054.53. Total liabilities, except capital, $2. S2 896 .TO. Capital paid up. $1,000,000.00. Special surplus funds. $226,237.49. Unassigned funds (surplus), $3,094, 704.83. Surplus as regards policyholders. S4.320.942.32. Total. $7,147,839.02. BUSINESS IN OREGON FOR THE YEAR Net premiums and annuities received, $520,047.63. Coupons paid to policyholders during the year. $601.38. Net losses and claims, endowments, surrenders, and annuities paid during the year. $198,298.63. Principal office in Oregon, 804 Broad way Building. Portland. Itowu 471 The answers to everyday insnrasce prebleaas it By Sid Boisa QUESTION: A friend of mine who tost became eagaged was given a large and very vain able diamond ring. Her mother thinks it should be insured. Is it possible te name beth my friend and her fiance ill an in surance policy? ANSWER: Tea. As a matter ef (set the situation yea describe is the only one In which a Per sonal Jewelry Floater pelky may be written ""-r people who are not related as the insureds. it If yoall address your own tasnnuKe questions to this of fice, we'll try to give yea the correct answer and there will bo no charge orobliration of any kind. 37 J N. Church Phone 1-9119 Representing ; General of America Co.'s Pmiriiey9 160 M. LIBERTY ST., SALEM, OREGON Everyone's i Invited To PennyrsSAuoiisei ... ?5' t ' 9'" ,' Assorted Cotton-Rayon Yardage Clearance A treasure-hunt for thrifty homemakersi Choose from sheer bembergs, glittering gold prints, cobrfui cotton broadcloth prints, sheer misty lawns or printed waffle piques. 2 - PEN NET'S MEZZANINI SCISSORS Chrome 7" and 8 1.22 Hot drop-forged high temper steel shears in two handy lengths f Precision-made. PEN NET'S MEZZANINI HANDBAGS Special Factory Purchase 1.00 Smart plastic grains! New est fabrics, colorsi Lovely straws! Your choice of the season's best styles. MAIN FLOOR 3 SaV. Bataaaaa SPECIAL! MEN'S GREY COTTON TWILL PANTS Imaginel Sturdy, sanforized cotton twili pants in practical, popular grey. Vat-dyed and ruggedly built to take plenty of punishment, these proportion-sized pants have heavy duty zipper f lys, come in sizes 29 to 42. Pr. MAIN FLOOR M Boy's Sport SHIRTS 1.00 Washable, g a y I y printed rayon short sleeved sport shirts In sizes 2 to 16. MAIN FLOOR .... . r: k "1-..-: - , gjam v ' -'i r WHITI PINK FLAMINGO YEUOVY BLUE LIGHT GREEN .. . . : . ... ; 1 CANNON I: AMAZING! Yqu'II love the way the soft, fluffy terry soaks up the moisture, leaves you freshly dryl Come see the gorgeous array of colors arvd feel that deep, rih Cannon quality texture. Choose several of these low-priced ensembles ' for yourself, and stock up for gift-givingl It's a real SPECIAL FAC TORY PURCHASE, so don't miss this! 22"x44" Bath Size 16"x28" Face Towels 4 for $1 WashCloths . . . 8for$l NOW ON PENNEY'S ME7ZANINE UIWS JACKETS Houndstooth Chock Pattern MAIN FLOOR $4 PLISSE SPORT SHIRTS No-Iron! Colorful! MAIN FLOOR 1.50 SPECIAL! BRAS 2 for $1 Astounding I Assorted . , - . some nylon, some rayon, some cotton bras in sizes 32 to 38 ir A, B cups. SECOND FLOOR. 51 Gauge, 15 Denier Hose 3 pr. $2 Sheer nylons with exquisite pencil-slim seams and grace ful heels. 100 perfect, of course. 8 to 11. MAIN FLOOR Lingerie Buy! SLIPS 2.00 Some nylon, some rayon knit, some rayon crepe lace -trim-, med slips in pastels and white. Sizes 34 to 40. MAIN FLOOR m Girl's Cotton MIDRIFFS HALF SUPS Some nylon also In this group of now low price half -slips. Some deep-toned taffetas, some crinolines, 1 AA rayon crepes. SAVE! I .U J MAIN FLOOR Colorfta broadcloth midriffs with attractive eyelet em broidery trimming. Elastic top and bottom. , PENNEY'S SECOND FLOOR . Make It Yourself With Wool", Aug. 1116 GIRL'S JACKETS Cute, practical check patterns In these rayon short coots. of Ideal for fall badc-to- JiMil achooling. r SECOND FLOOR BUTCHER RAYON SHIRTS Solid colors of gold, white, tan, blue, green, red, grey, navy in these washable rayon sport shirts. S-M-L sizes. MAIN FLOOR MEN'S SUITS Alt Wool Worsted Tailored for the American mate, these famous all-wool worsteds are priced down for Dollar Daysl Sizes 36 to 40. MAIN FLOOR STRAW HATS For sartorial splendor and that summertime 1 rakish look, pick out,9U one of these - budget priced woven straws-fo. sss f Some genuine Pana- 9 I mas! fio.s W ' - by . f; mrJ ' NYLONX BLOUSES 100 GORGEOUS NYLON Fast-drying, little - or - no iron ing, these lovely sheer nylon tricot blouses come in maize, pink, blue, white. 32 to 38. for PENNEY'S SECOND FLOOR ASSORTED JEWELRY 2 for $1 This ii an extraordimry cl.Jft4MiS lection of neckUces-both Vfffei4gL. lights and darks, and many ex. wy f citing earrings and pins. , ; main noot ;