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
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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
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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
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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-..-:
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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
;