I (Sc 2) Statesman, SaUm, Or-, Surw May 18, 1954
Slouch for
Your Health
RICHMOND, Va. JPlt the
Army listens to Dr. Alvan L.
Barach there'll be no more of
this "throw out your chest" pos
ture. The same goes for the
movie queens in Hollywood.
"You're a lot better off if you
walk around in a slouch like a
gorilla," aaid Dr. Barach who is
professor of clinical medicine at
Columbia University's College
of Physicians and Surgeons in a
lecture here.
"Never stand erect," he add
ed, "it's not healthy. Your lungs
stay filled up. The position the
Army teaches is vicious. We
should all learn to breathe with
our diaphragms like singers
do
No. 24-24
STATK.MKNT
for 'he year ended Deeemher 31
1QS3 of the BALFOUR-Gt.THP.IE
INSURANT, COMPANY of Cali
fornia, in the state of California,
triad, to th, Insurance rnrem
sinner of th, State of Ortnoti. pur
suant to law:
AFPETS
Bonds $1.024 679 49
Csn and hank de-
prs'J 6994679
Ait' balances or
uncollected premium 14.161 43
Interest, dividends at
real estate inborn
due nd accrued T.S77.40
Total assets SI. 121.665.31
LIABILITIES SURPLUS AND
OTHPR FUNDS
Losses S 3.344 00
Loss adjustment ex
penses 200 00
Unearned premiums TJ..VM.17
All other liabilities 1.953 95
Total llebilttiee. ex
cept capital S
Capital paid up $
vnassimed funds
i surplus i
ItimliK as reaarda
7.Orr2.12
525 OOO OO
518.663.19
policyholder. 1.043.663.19
Total SI. 121.665.31
STATEMENT UF 1X.U.VI1L.
premiums earned S
Lueses incurred
Loss expensts In
curred Other underwriting ex
penses incurred
Total underwriting de-
ductlems
Nt underwriting icaln
or loss
Investment income -
Other income
Total, before federal
income taxes
Net Income
Other Items affecting;
33.688.20
9.3SS 21
530.34
53.838 43
63.756.98
-30 068 78
13 707 52
3 957.95
-12.403 31
-12.403.31
urplus i net
6.066.50
Total capital and sur
plus Hems (net l 6.066-50
Decrease In surplus
a s regards policy
holders -6.336.81
BUSINESS IN OREGON
FOR THE TEIVR
Net premiums receivedS Z1.452 91
Net losses paid 446.98
Principal office in Oregon. 733
SW Oak street. Portland. Oregon.
No. 25-25
STNOPSIS OF ANNUAL
STATEMENT
for the year ended December 31.
IP. VI, of the STATE FARM MU
TUAL AUTOMOBILE INSURANCE
COMPANY of Bliiomlntton. in the
Ftte of liiirlois. made to the Insur
ance Commissioner of the State of
Oregon, pursuant to law:
ADMITTED ASSETS
Bonds $188. 909.981. 04
Flocks
23.858.446.16
Mortgage loans on
real estate
Real estate
Cash and bank de
3,754.539 68
3.983.473.19
posits 12.152.256.23
A cents' balances or
uncollected premi
ums Interest. dividends
1.468,295 99
and real estate in
come due and ac
crued 1.513.223.03
Other assets 2.533.796.43
Total admitted as
sets $240,174,013.75
LIABILITIES. SURPLUS AND
OTHER FUNDS
Loe.se s 5 970,497.00
Loas adjustment ex
penses 18.084,462 00
Unearned premiums 51.901,464.76
AH other liabilities. 31.4 10,692. 7S
Total liabilities, ex
cept capital 1158.367,116 54
Guaranty fond $ 25O.OO0.00
Special surplus funds None
Insssigned funds
euniu si.556,S97.2i
antrplus a regards
policyholders $ 81.806.897.21
Total 3246.174,013.75
STATEMENT OF INCOME
Premiums earned 8177.984,145.29
Losses Incurred $ 97,629,992.86
Loss expenses In
curred SI, 067,477.20
Other underwriting
expenses incurred 3. 677. 147. 53
Total underwriting
deductions S16S.364.617.61
Net underwriting
gain or loss 9.619. 527.68
Ir vestment income S.528.977.35
Other Income 17.056.73
Total, before federal
Income taxes 13.131.48.30
Federal Income
Uxes incurred 21052.542.41
Net Income S 13.078. 905.89
D'tieends to stock
holders - Nona
dividends to policy
holders S 1498.3S3.S6
Capital changes
'net) None
Other Items affect
lux surplus met) . 883.687.43
Total
capital and
surplus items
,'"
1.614,668.13
inrniw in surplus
as regards poficy
bil.rA.. 11 464,23776
BUSINESS IN OREGON FOR
THE TEAR
Net premiums received 33.579,228.22
Net losses paid 1.676.158 56
Dividends paid or cred
ited to policyholders None
Principal office In Oregon. 5329 N
Usrlon ave.. Portland 11.
No. 19-19
SYNOPSIS OF ANNUAL
STATEMENT
(or the year ended December ST,
1953. of the HOME 1'IRt AND
MARINE INSURANCE COMPANY
OF CALIFORNIA of 8am Francisco,
In the State of California, mads to
the Insurance Commisatoner of toe
Stats of Oregon, pursuant to law:
ADMITTED ASSETS
Bonds S30.019.215 54
Stocks Jt2.214.lti9.00
Mortgage loans
real estate
Real estate
Cash and hank
posits
Nona
None
1.980 033.61
da-
A gents balances
or
uncollected premi
ums
S. 250.329. 38
Interest, dividends
and real estate
come due and
crued
Other assets
132 842 47
361 069.38
Total admitted as
sets J47 S7.5( 3j
LIABILITIES. SfRPLUS AND
OTHER FUNDS
Losses S 6.474,757.24
Loss adjustment ex
penses 699,287.49
Unearned premiums- 17.811,781.37
AB other -abilities 2.509.134.93
Total nabUitlea sx-
cept capital 127.494,961.03
Capital paid up S 3.000.000.00
pedal surplus funds 400, OOO. OO
Inaseigned funds
(surplus! 1 8 063.638 36
BiiTPlua as regards
pollcyholdenl .
.320.462.638.36
Total $47,957.599 38
STATEMENT OF INCOME
Prenrums earned Slf. 658. 6S9. 49
Losses Incurred S 4 800, 734.93
Loss expenses In
curred 1.230.031.01
Other underwriting
expenses incurred.
T. 522.411. 84
Total underwriting
deductions $17,553,177.78
Net underwriting gala
or loss - 1.105.511 Tl
Investment tacome- 1133.039.44
Other income 22.767.95
Total before federal
Income taxes $ X. 215,7 S3. TO
Federal tscoma taxes
Incurred 8 96.186. 46
..319.597.34.
32fj.000.00
None
Nona
Capital changes (net)
Other Items affecting
surplus net I
128.395 44
Total eaoltal and
surplus items nt'$
448.395.44
Increase I
regards
i surplus as
policy bold -
ra 8ti.jox.t6
BUSINESS IN O&JKCON
FOR THE TEAR
Eet premiums received-SI 53. 571.39
et losses paid 66,234.34
vldeada paid or cred
ited to policyholders Ttona
Nat tneouM S
Dividends to stock
holders S
Dividend, to policy-
bnlriers
ess
t net pal office in Oregon, Board at
Northwest Riders to Visit Here
For Saddle Club Horse Show
Horses and riders from throughout the Willamette Valley.
Columbia Valley and State of Washington will come to Salem next
weekend for Salem Saddle Club's horse show at the State Fair
grounds. The public show is scheduled for S p.m. Saturday and 2 p.m.
Sunday.
it s a combination show, in
cluding both the flat saddle com
petition and fhe faster-paced
western riding events.
Graham Sharkey is general
chairman,
Stangeby,
assisted by Ralph
Harold Smith, Rod
James Pyeatt, Marie
Hofstetter,
McKinney, Jack Lindeman, Mary
Mollert, Bus Yungquist, Holly
Jackson, Floyd Seamster, Sher
man Bostrack, Ivan Sutton, Glen
Conklin, Ervin Ward, Jack Scott,
Arthur Martin, George Arbuckle
Sr., Marie McKenny, Juanita
Stender, Patricia Saul, Olive
Clark and Yolanda Roble.
Judge will be Tom Allen, a
veteran of nine show judgings
last year.
Announcers will be Walter
Leth and Dean Nicholson.
97 New Cities
Form in Japan
TOKYO 0PW-A11 it takes to
create a city m Japan is to sign
up 30,000 people. It doesn't mat
ter much where they come from.
More than 97 new "cities" have
sprung up recently. Since last De
cember 943 towns and villages
have been swallowed up.
Newly-born Tamana on south
ern Kyushu embraces two towns,
10 villages and assorted farms
stretching over 13 miles.
The Japanese government is en
couraging the move as a step to
ward greater efficiency and eas
ier administration. Local poli
ticians lost no time spreading the
word.
Soon most of Japan's 87,000,
000 people may be living in cit
ies. But the cows, pigs, chickens
and oxen will hardly notice the
change.
No. 20-20
STNOPSIS OF AKVUAL
STATEMENT
for the year ended December SI,
1953. of the SEA INSURANCE
COMPANT. LIMITED, of Great
Britain, mads to the Insurance Com
missioner of the State of Ore con.
pursuant to law:
ADMITTED ASSETS
Bonds 311.051.419.37
Stocks
Mortgag
. 1,131.114. 5T
1
Nona
fa a are loans on
real estate
Real estate
Nona
Casta and bank de
posits
1.331.904.33
Agents balances or
uncollected premi
ums -
S86.434.M
Interest, dividends
and real estate I
come due and a
crued
Other assets
61.403.15
325.225.17
Total admitted as-
sets S14.2S7.501. ST
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses S 2.521.797.04)
Loss adjustment ex
penses 184. 528. OO
Unearned premiums. 3. 424, 017. OO
All other liabilities 1.850.340.8S
Total liabilities, ex
cept capital T
Statutory deposit $
Special surplus funda
T.980.S82.8S
500.000.00
Nona
cnaasiened funds
(surplus!
. 3.806,818.49
Surplus as regards
policyholders S .306.81S.4t
Total S 14.287.50L3T
STATEMENT OF INCOME
Premiums earned 5,163,234.55
Losses Incurred T 2.394,080.43
Loss expenses In
curred 301.33T..69
Other under rlting
expenses Incurred 1.744.565.29
Total underwriting
deductions S
Net underwriting gain
or loss $
Investment Income
Other income
4.439,977.44
723.257.09
284.929.39
420.19
Total before federal
income taxes
1.007.766.2-
Federal income taxes
Incurred
474.859 87
Net Income 3
Remittance to Home
Office S
Dividends to policy
holders Capital changes (net)
Other Items affecting
surplus ( net) . -
532,906.42
319.699.54
Nona
Nona
7.097.24
Total capital and
aurplus Items (netjS
326.796. S3
Increase in surplus aa
regards policyhold
ers $ 206.109.5S
BUSINESS IN OREGON
FOR THE TEAR
Net premiums received $8,246.30
Net losses paid 36.39
Dividends paid or credited
to policyholders Nons
No. 11-11
SYNOPSIS OF ANNUAL
STATEMENT
for the year ended December 31,
1953. of the GENERAL CASUALTY
COMPANT OF AMERICA of Seattle.
In the State of Washington, made to
the Insurance Commissioner of the
State of Oregon, pursuant to law:
ADMITTED
Bonds
Stocks
ASSTTS
.333.498, 9T7.17
4.781.817.49
Mortgage loans
rasl efttat- NoM
Real estate y24.lS4.54
Cash and bank da
posits 3,414.301. SO
Agents' balances or
uncollected premt
uma I n t e rest, dividends
and real estate In
come due "and ac
crued Other assets
1,789 83L7I
135.249 05
232.090 24
Total admitted as
sets 348,P8.241 41
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses I1S.3O4.065 00
Loss adjustment ex
penses 2.331.SOO.OO
Unearned premiums. 17,.oe,,T3t).iB
All other Babilitie
3.668.01X16
Total llaotlitiaa. ax-
eept capital 338,530.627.34
Capital paid up., 2. 000.000.00
Special surplus (unda Nona
L nasal rned f a a 4 s
surplus I T.547.414-a7
Surplus
as regards
policy holds
S 9.547.414 07
Total .J48.098.241.41
STATEMENT OF INCOME
Premiums earned S30.989.67t.14
Losses incurred S13.618.270.lt
Loss expenses In
curred 2.598.073-70
Other underwriting
expenses Incurred 13,007,336.39
Total underwriting
deductions 329,223,680.18
KM underwriting gala
or loss S l.T65,S.S.t
Investment Inccana 3,020.503.49
Other Income 4,44v29
Total, before fadaral
income tax a,7a4.00s.l
Federal income taxas
Dividends t
holders S
Capital changes
(art)
Other Items affecting
surplus t net )
3..474.S)
1.010.0SS.41
Nona
Total capital and
surplus Items (net l ( 1.042.563.01
Increase in surplus
aa regards policy
holders 305.440.13
, BUSINESS IN OREGON FOR
THE TEAR
Net premiums received S3.069 582.31
Net Wses paid 1.346.317.50
, Dividends paid or cred
ited to aoncvttoldara- Nana
FrtncrpeU afnea Ja TJraaoa,
tastmneei Co. of taasrfisa.
4U-ewa-T-rt fcMsa, kv
maVT-d 1.45000.00
Ne ttsooana - 1348, OOm.1
Dtv-l dents te asoek-
hotdera Kassa
West Huddles
To Prepare for
Cease Fire Bid
GENEVA Of) The Western Big
Three huddled secretly Saturday to
prepare a firm bid for a quick
cease fire in Indochina.
U. S. Undersecretary of State
Walter Bedell Smith met Saturday
night with Britain's Foreign Sec
retary Anthony Eden after an ear
tier conference with Eden and
French Foreign Minister Georges
Bidault.
No information was released con
cerning the meetings but they were
known to be mapping strategy for
the secret sessions to be held with
the Communist delegations next
week.
Soviet
Molotov
Minister
Foreign Minister V. M.
and Red China's Foreign
Chou En-Lai were be
lieved to be consulting also on stra
tegy for the crucial week ahead.
Tax Change to
Affect Indians
OKANOGAN, Wash. (IP) The
Okanogan County assessor says
Indian-owned cattle and farm ma
chinery are being listed for the
first time for state property taxes.
He said state officials have ruled
the property taxable unless it was
issued originally by the federal
government.
The Colville Indian Reservation
is a large part of the county. The
Indians, says the assessor, are
very cooperative.
No. 23-23
TNOPSIS OF ANNUAL
STATEMENT
for the vear ended December 31,
1953. of the CALEDONIAN-AMERICAN
INSURANCE COMPANT of
New Tork. in the Btate of New
Tork. made to the Insurance Com
missioner of the State of Oregon,
pursuant to law:
ADMITTED ASSETS
Bonds 32.046.330.00
Stocks 606. 184.00
Mortgage loans on real
estate
Real estate
Cash and bank deposits
Agents' balances or
uncollected premiums
Interest, dividends and
real aetata income
due and accrued .
Other assets
None
None
303. 459.54
174.978.93
12.059.60
76.980.24
Total admitted assets 33,119,992.33
LIABILITIES, SURPLUS AND
OTHER FUNDS
Losses ( 158.04S.5S
Loss adjustment ex
penses 9.22S.OO
Unearned premiums 1.078,907.63
All other liabilitlea 407.177.23
Total liabilities, ex
cept capital $1.653. 358.37
Capital paid up 3 8 OO OOO. 00
Special aurplus funds- Nona
Uruusigned funda (sur
plus) 666.633.94
Surplus as regards pol
icyholders $1.466. 633. 94)
Total 83.119.99X33
STATEMENT, OF INCOME
Premiums earned $ 947,349.93
Losses incurred $ 477,619.18
Loss expenses incurred 43.297.S3
Other underwriting ex
penses incurred 41 9.268.24
Total underwriting
deductions I 440.185 27
Net underwriting gain
or loss t 7,164. 63
Investment Income 5,434.89
Other income 1.018.91
Tot si. before federal
Income taxes Tl. 580.43
Federal Income tales
Incurred - 10.750.00
Net Income
1
60,830.63
None
Nons
Nona
21.928.1T
Dividends to
etock-
policy-
holders -
Dividends to
holders
Capital changes (net)
Other Items affecting
surplus (net) $
Total capital and sur
plus Items (net) S
S1.92.1T
Increase ra aurplus aa
regards policyholders S 38.902.44
BUSINESS! IN OREGON
FOR THE YEAR
Net premiums received $414.57
Net (oases paid 298.79
Dividends paid or credited ta
policyholders Nona
Principal office In Oregon. R. W
Mac Donald at Co.. Inc. Portlajld.
No. 12-12
SYNOPSIS OF ANNUAL
STATEMENT
for the year ended December 31.
1953. of the GENERAL INSUR
ANCE COMPANT OF AMERICA,
of Seattle, in the State of Wash
ington, mada to fhe insurance Coea
miaaiooer of the State of Oregon,
pursuant to law:
ADMITTED ASSETS
Bonds $41,050,302 47
Stocks 37.203.122.S7
real state
341,403.63
. 343,718. oa
,074,382.04
Real estate leas ew-
cumbraoces
Cash and bank de
posits Agents' balances or
uncollected premi
ums
$.274,331.39
I n t erest. dividends
and real estate in
come due and ac
crued Ot her assets
230.254 16
168,216.1
1.37
Total admitted
assets S91.718.920M
L1ABIIJTIF.-. CURPLUS AND
OTHER FUNDS
Losses $ 4 619,543. 00
Leas a d 1 a tment
expenses 306,400.00
Unearned premiums 41.844.891.84
All other MabittUsa 8.737,958.43
Total 1 1 a btllUas,
except capital 833.50S.T94.S7
Capital paid mp 2,000,000.04)
Una signed f a a 4 a
( surplus ) 34.31t.124. 41
nrplus as regards
policrholders 34.210.114.41
Total $91.TTS.t30M
STATEMENT OF INCOME
Premiums earned $42,209,093 87
Loaasa incurred 15, 600.477. 50
Lass expanses In
curred 1.607.47LT1
Other under enl ting
expenses Incurred 17.823.607.31
Total underwrittng
deductions S35.03a.0SS.Sl
Net u a d a rwlitlng
gain T.lTT.03T.e
In vea tment tncoa-a. 1351.441.94
Other rnoosste 14M.TS
Total before tadaral
taxaa ,14X7o.t
IMertl
av524.soo.31
t 8,S1T330.44
,780,00000
S.3OC10S.03
Other Iteaas affect
ing surpliai (net) 1.334.047.77
Total capital and
s u r p I a s Items
net . $ 4.942.131.30
Decrease In surplus
. as regarda policy
holders 1.324.220.95
BUSINESS IN OREGON
FOR THE TEAR
Net premiums re-
ealved S 2.S09.971.S4
Net tosaea paid 7Sl.tl4.SS
Dlvtdenda p a I d or
credlted ta no Key-
ydara-- 163.524.31
Inssarsiasa Co. of Aaaansaw Sot SW
Drridsnda aa stack-
holdra
n-tdenda to nattey-boMcrs
XEo Perf orm Next Weekend
r'i. At- iiti f n : w -4
St s$ fT tc ?1 K wwt K'i - 5 f 4 F v
J:?.!Vti. f 'Wht I
Many horses and riders will be
grounds next Saturday and Sunday for the Salem Saddle Club's
horse show. Among the performers will be Miss Geraldine Craw
ford of Salem, who will ride thoroughbred Palomino Arizona,
Owned by George Arbuckle, in the pleasure show, western equip
ment, Palomino and parade horse class of the show. (Statesman
Photo.)
No. 14-14
SYNOPSIS OF ANNUA.
STATEMENT
far the year ended December 31,
1953. of the PIERCE INSURANCE
COMPANT of 10621 Victory Boule
vard. North Hollywood, m the State
of California, made to the Insurance
Commissioner of the Stats Ore
gon, pursuant to law:
ASSETS
Bonds $3,124.661 33
SKocks
S3. 600. 00
Mortgage loans en real
estate
Real estate
Policy loans and pre
mium notes .
Cash and bank de
posits Premiums dus and de
ferred (life end acci
dent and health)
Interest and other in
vestment income due
and acccrued
969.386.30
3o6.779.00
14.84X.14
212.V75.U
402.630 tt
23,192 5
Total aseets 35.138.714 4
LIABILITIES. SURPLUS AND
OTHER FUNDS
Reserves for life and
accident and health
policies $4,294,002 49
Pollcv snd contract
claims 43.590.4 4
All other liabilities 173.435.43
Total liabilities.
eept capital
Capital paid up
$4,511,028.37
$ 250. OOO OO
Cnassigned surplus
37 7 .G81.U.
Surplus as regards
policyholders 627, 691. Ot
Totsl .$5.138.719
SUMMARY OF OPERATIONS
(Accrual Baals)
Premiums snd annuity
considerations $2,362,907 51
Net Investment Income 130,450 75
Total $2. 493. 358. 26
Pol lev benefits $ 530.471.37
Increase In reserves 812.036.33
Commissions, claim
and general Insurance
expenses and taxes 1.097,861.01
Other operating deduc
tions 20.396 S
Total 3.460.765. OS
Net gain from opera
tions S 32.593.23
Other Items affecting
surplus and aurplus
funds (net) 9.923.64
Total S t.t23-64
Increase In surplus and
special surplus funds 22 669.50
BUSINESS IN OREGON
. FOR THE TEAR
Gross premiums and an
nuity considerations col
lected daring the year.-S43.TT4.4S
Dividends paid or credited
to policyholders during
the year Moan
Orosa benefits and claims,
endowments, surrenders. .
and annuittea paid dur
ing the year S.376.5S
Principal office In Oregon. 906 Loy
alty Bldg.. Portland.
No. 21-21
SYNOPSIS OF ANNUAL
STATEMENT
for the year ended December
31.
1953. of the NATIONAL
UNION
FIRE INSURANCE COMPANY OF
FlTTSBUKtiii, PA., of Pittsburgh,
in the State of Pennsylvania, made
to the Insurance Commlss toner est
the State of Oregon, pursuant to
law:
ADMITTED ASSETS
Bond $25.287.453.8S
tocka
Mortgage
19,611. 046. 4
real estate
Real estate
Cash and beak
posits
None
44800.04)
4.320.944.75
de-
Agents balance.
il recollected nremir
,433.936.1s
Interest, dividends
and real estate n
come due and a
crued
Other asseta
127.91 2.1J
1.010,679.50
Total admlttM as
set! . $57,440.31 3.1S
LIABTLITIES. SURPLUS AND
OTHER FUNDS
LneM S T.09T.500.04)
Loss adjustment ax
pensea 895.00O.0O
Unearned premiums- 3.230,684.00
AH other liabilities 5,427.431.31
Total flabinUsa.
eept capital
840,350,815.31
Capital paid up
5 2. OOO. OOO. OO
Special surptns funds
vrwuntarv
S,0St.4t7.Sl
1 0,000.000.00
Daaasicned funds
(surplus) ....
nrplus as regard
poUcy holders
.S17.0S9.497.S1
Total $57,440,313.13
STATEMENT OF INCOME
Premiuena earned $28,952.132.26
Loesea mevrred -$15.096.892-39
Loss expeaaea in
curred T7 1.647.675 71
Other artderwrttlng
expenses Incurred 11.622.573.SS
Total underwriting
deducttoos $28,367,140 4S
Net urKlerwrrtlrig gaon
a 9es,niA
3017.4A
14TT.t23.CX
4S7.ltT.l-
laV0v424VJsi
SOO.00O.0O
Nat
OivldeexU ta)
hold-re
Dividends to poucy-
bolders
Capital change (act)
Other Items affecting
surplus (net)
None
116.208 OS
41.4tO.lS
874.717.87
Total capital
surplus Mesas (:
and
et 1 1
Increase In surplus aa
recards poller hold
ers f 515.704.51
BUSINESS IN OREGON
FOR THE YEAR
Ket premtojns recerved-S21t.t63.64
Net looses paM : -.ot.s
DreMeada nsud or eta
tends paid or ert
ixdirM ()
In eel saes'it. nn nans
Other tarn i ,
Total, before fedei al
In mm taxae
Federal -nb. taxes)
last-rrad -
steck-
4n the scene at the State Fair
No. 22-22
TNOPSIS UK ANNUAL
STATEMENT
for the year ending December U.
1953. of the NETHERLANDS IN
SURANCE COMPANT of The
He rue. In Holland, mada to the In
surance Commissioner of the State
of Oregon, pursuant to law:
ADMITTED A88ET8
Bond. $3,296,329.00
Stocks 1.128.304.44
Mortgags loans on real
estate .
Nona
None
1,219,699.30
373.73S.54.
Real estate
Cash and bank deposits
Agents' balances or
uncollected premiums
Interest, dividends and
real estate Income
dne and accrued -Other
asseta -
26.620 63
51.306.37
Total admitted assets $6,095,898.52
LIABILITIES, SURPLUS AND
OTHER FUNDS
Losses $ 432.546.98
Loss adjustment ex
penses , 25.t23.00
TJnesrned premiums 1.850.864.24
All other liabilitlea 1.029.667.10
Total liabilities, ex
cept capital $3,339,003.33
Statutory deposit $ 500 000.00
Special surplus funds. Nons
Un assigned funds sur
plus) 2.256.895.20
Surplus as regards pol
icyholders $2,756 895.20
Total $6,095,898.32
STATEMENT OF INCOME
Premiums earned $L863,446.90
losses incurred $ 941.238.31
Loss expenses Incurred 84.181.37
Other underwriting ex
penses Incurred 801,410.23
Total underwriting
deductions $1,826,829.91
Net underwriting gain
or loss 36.616.9t
Investment Income 239.611.75
Other Income 166.91
Total, before federal
Income taxes .
Federal income taxea
Incurred
276.395.65
67.935.00
Net Income S 20S.460.6S
Dividends to stock
holders None
Dividends to policy
holders Nona
gapttal cbangea (net) Nana
ther Items affecting
urplua (net) - 167.S38 60
Total capital and sur
plus Hems (not) S 3 47 .S3 3. SO
In auroras aa
regards policyholders S 40 622-05
BUSINESS IN 0KE003
FOR THE YEAR
Mat premiums recelred$14.39.24
Net losses paid 2v446.11
Dividends paid or cred
ited to policyholders None
Principal office In Oregon, Bylngtoaw
Ryehard It Hurley. Inc Portland.
NO. 10-10
SYNOPSIS OF ANNUAL
STATEMENT
for the year ended December 31,
195.3. of the FIRST NATIONAL
INSURANCE COMPANT OF
AMERICA, of Beattle, la the State
ef Washington, mads to the Insur
ance Commissioner of the State of
Oregon, pursuant to law:
ADMITTED ABBSSTS
Bonds $12437.319 17
Stocks 055.622 OO
Mortaaate saaaa on
rasa estate
Iteal estate. Mas ev
Casta and bank
deposits
Agents' balances e
uncollected pre
miums Interest dividends
snd real estate la
coma dus sod a
rued
Other assets ..
TSS.3S4.3S
513,923.0$
46.742 22
27.80
Total admitted
assets ,--$14.241.t71.3t
INABILITIES. SURPLUS AND
OTHER FUNDS
Zxwaea S 446.160.00
Loss adjustment
ai.,ioo.oo
Unearned pre
miums AH other HaMUUee
6,813. 847. 56
531,918 25
Total UaMHUee.
except capital $ 7,873.013.81
Capitol paid up $2,000,000 00
Special surpl-i funda 4,364.943.54
urplus as regards
BoBcfnoMen
.$ 4.348.943.54
otal $14.341. 971,34
Prerniums
earned $
5,130.845. tS
2.174.709.19
Loeees incurred
Loss expenses In
curred Other underwrltlns;
expenses Incurred
235.042.18
2.S46.766.33
Total underwriting
deductions $
Net underwriting
4.956.517.70
gam or m
Innsalinsnl
Other
Ket
Zl 4, 454. 44
is, 401, a
23.478 OO
35.981.t6
Dtvldends ta
noiders
Capital changes
Other nsms'sfflsrtinc
urplus (net)
Total capital and sur
plus Items (net)
T5.041.65
Increase 1n surplus
aa regards policy
holders ,.. 141. 396.79
BUSINESS IN OREGON
FOR THE TEAR
Net premiums recrived-$128.193.ee
Net hwaea Paid 35 535.04
Dividends paid or cred
Jted ta porlcyholders. Itoae
Prmefpal sffles la Oi saisn, Gene si
Iaaaga-sse Oa. of amssSsT SCO SW
MBS . .T4.3.B.-B
income 317.855.50
lnoome ... 13.50S.46
Total, nafore federal
tacotne taxes 47S.475SS
Federal lnsea e taxea
tnctured KX.-16.SS
Military Roundup
Salem Soldier
Among 9,000
On Maneuver
A Salem soldier was one of
9,000 paratroopers who recently
took part in the largest airborne
operation since the crossing of
the Rhine River in Germany dur
ing World War II.
He is Pvt Bruce W. Galloway,
son of Mr. and Mrs. William D.
Galloway, who jumped with the
82nd Airborne Division during
operation "Flash Burn held
near Camp Mackall, N. C. He
presently is stationed at .Ft
Bragg, N. C.
A Newberg soldier, Pvt Ice
land 0. Bales, -son of Mr. and
Mrs. Jesse N. Bales, will take
part in an air-ground training
maneuver at the Yakima; Wash.,
Firing Center this month. He is
with the 44th Infantry Division
at Ft' Lewis, Wash.
In Korea Edgar W. Unruh, son
of Mr. and Mrs. John W. Unruh,
2365 Center St, recently was pro
moted to sergeant while serving
with the 3rd Division. He is a
communications wire chief with
the 15th Regiment
Also in Korea is Pvt. Robert
G. Reimann, son of Richard L.
Reimann Jr., 1028 Norway St.
He has been assigned to the 17th
Field Artiller Battalion with I
corps.
Participating in a training ma
neuver at Ft. Hood, Tex., is Pvt.
Walter L. Jones, son of Mr. and
Mrs. Charles R. Jones, 2170
Berry St. A personnel clerk with
the 509th Tank Battalion, he is
a graduate of Willamette Univer
sity and did graduate work at
Jhe University of Oregon.
Pvt William D. Burns, son of
Mr. and Mrs. Don J. Burns of
Salem, has graduated from a
leaders course at the Camp Gor
don, Ga., Signal Corps Training
Center.
PLANE BUILDER DIES
SANTA .MONICA, Cakf. i -,
Maj. Gen. Oliver P. Echols, chair
man of the board and chief execu
tive of Northrop Aircraft Corp,
died Saturday in St. John's Hos
pital. He -was 62.
No. 15-15
SYNOPSIS OF ANNUAL.
STATEMENT
for tna year ended December 31
1953, of the CENTENNIAL, INSUR
ANCK COMPANY of NEW TORK.
ta the State of New Tork. made to
the Insurance Commissioner of the
State of Oregon, pursuant to lav:
ADMITTED ASSETS
Bonds $10.136.936. Oa
BIOCKS
Cash and
156,500.00
deposits
Agents' balances or
uncollected premiums
Interest, dividends
and real estate in
come due and ae
crued
Otner asseta
S. 079.071.75
S66.026.12
27.484.27
S71.803.31
Total admitted
assets
til fT mnt Kl
ABLITIES. 8URPL.UB AND
OTHER FUNDS
Losses S 3.151.600.24
Loss adjustxnsnt ex
expenses 236,012.68
Unearned premiums 3.838.615.06
All other Babllitles 3.150.643.15
Total liabilitlea, ex
cept capital $
.310,374.871.13
Capital paid up $
1.5O0.OOO.0O
672.900.00
1.590.050.41
3.762.950.41
apeciai surplus funds
Unassigned funds
(surplus)
Surplus as regards
policy bolders
Total S14.137.821.54
8TATEMENT OF INCOME
Premiums earned S 5.417,306.34
osses Incurred T
2,834,643.99
oes expenses In
curred Other underwriting
expenses Incurred
Addl. prems. Incurred
523 621.62
Z330.907.22
account of excess
of line T.000.00
Total underwrlUiig
deductions 4
Net underwriting
gain or loas
Investment income
Other Income -
Total, before federal
Income taxes
Federal Income taxea
Incurred . , . -
Net Income
Dividends declared
on Reins. Assigned
from Atlantic Mu
tual Insurance Co -Capital
changes (net)
Other Items effect
ive; surplus (net)
5 684.172.83
266.866.59
180.223.78
584.84
S6.057.97
33.200.00
119.257.97
187.899 06
3,142-39
372.458 2
Total capital and
surplus items net ) 457.366.29
Decrease In snrplna
aa regards polic-
holders . 576 623.26
BUSINESS IN OREGON
FOR THE TEAR
Net premiums received. $191 177.94
Net loaves rld 4 5 2J2.62
No. 16-16
SYNOPSIS OF ANNUAL,
STATEMENT
for the rear ended December 31.
1953. of the ATLANTIC MUTUAL
INSURANCE COMPANY OF NEW
TORK. In the State of New York,
made to the Insurance Commissioner
of the Stats of Oregon, pursuant to
taw:
ADMITTED ASSETS
Bonds
Stocks
122.578.168.39
16aS7.357U'
Mortsare
real et 1
Real estate, lees.
sin nulla sill ie
Cash and bank
posets . ,. , ,
S. 500.000. 00
6.20S.395.44
Agents Mlaacea er
uncollected
prenu-
urns
1.431.926.71
Inter eat. dividends
and real estate In
come due and ac
crued 1 1 . -
Other aese ta
106.163 01
1.414.934.91
Total admitted assets 350.424.145.67
LIABILITIES. IHPLCI AND
OTHER FUNDS
Loeees 311,753,880.70
Loss adjustment ex-
Penaee 776,307.57
Unearned premiums 12.224,818.95
All ether liabilities-. 7.056.806.54
Total UabtllUes.
.cent capital 331.811,813.74
Guaranty
runo 3,000,000.00
Special surplus funds- 3.792.399.14
Voluntary rissrvs. 4.319.932.77
Unassigned
( surplus )
7.000,000 00
Surplus as ngarda
poueynolders , 318.61X331.41
Total
..S50.424. 145.47
STATEMENT OF INCDMK
Premiums earnedI19, 359. 035.75
Losses Incurred $ 8.423.249.17
Loss expenses In
curred 1.343.1 28. 85
Other underwriting
expenses incurred 4.715.17170
Add. premiums in
curred account of
excess of line ma-
sxr ooo.oo
316. 39.551, T3
Ket undererrttlng ga-a
or sea
2.967,484.01
-.029,025.44
2, 630.64
S.MXS7S.S1
577.471.4T
Investment
4 w
via irwiie .
Total, before tadaral
income taxas
Federal lauaas taxea
incurred , ,
Met rBcaau 8 3.414.207 .34
Dividends ta atock
boiders None
Dividend to policy
holders 2.07.193.44
Capital charges I net) None
Other Items sffectuig,
surplus I net I 928.654.S1
Total capital and
aurplus items inet i.S 3.015.830 23
Increase la surplus as
recards poltcyhold-
era 4OO.357.04)
BUSINESS IN OREOON
FOR THC YEAR
Net premiums received t-12.942-42
Ifet faMea -- -S.-OS.ao
TMsllss- aiiss'saTisl. Vif1
Tiger Recaptured,
Another Shot
CHICAGO (Jt Two young" Si
berian tigers slipped out of their
cage at suburban Brookfietd Zoo
Saturday when a keeper failed to
shut the door.
One was coaxed back in. Zoo at
tendants cornered the other in the
zoo's 'hospital yard and shot it to
death. The tigers did not endanger
some 5,000 visitors who were un
aware of the escape.
The animals, about three-fourths
grown, were obtained last summer
from the Copenhagen zoo.
lmy Iram
Serves Food
ROYAL OAK, Mich. On De
troit's outskirts, is a little restau
rant which serves food delivered
by a miniature train and gives
customers their change in a mod
el dump truck. Owner William
Brooks is chief cook, waiter and
bottle washer.
Sightseers definitely aren't wel
come. When Brooks started the busi
ness in 1933 his first menu men
tioned "five cent Cokes for 10
cents and mediocre pie for a
qu-rter." - The combination of
Brooks, the food and the unique
fixtures brought him a rash of
sightseers. In 1944 they crowded
out the regular customers by talk
ing more than eating. Brooks con
nected entrances with an electri
cal opening and locking system,
refused entry to some patrons
and got a club license.
Much of the club's railroad at
mosphere is the work of some
well-to-do patrons who helped de
vise the time-saving gadgets.
Hamburgers and cups of coffee
travel from kitchen to customer
via model train.
Brooks has no railroad career
in his background. He spent 18
years writing and editing adver
tising copy and factory magazines
before the restaurant business
beckoned.
SOCE STUDENTS ELECT
ASHLAND Of) James Kennett,
25, Medford, won the presidency
of the Southern Oregon College of
Education student body in election
results announced Saturday.
No. 26-26 "
SYNOPSIS OF ANNUAL
STATEMENT
far the year ended December 31.
1953. of the CALEDONIAN IN
SURANCE COMPANY of Edinburgh.
In Scotland, made to the Insurance
Commissioner of the State of Ore
gon, pursuant to law:
ADMITTED ASSETS
Bonds 35,463.974.00
Stocks 1.S83.S9S.00
jaortgage loans oa reai
estats
None
393,806 17
189,598.20
1.237,44554
Real estate
Cash and bank deposits
Agents' balances or
uncollected premiums
Interest, dividends and
reel estate Income due
and accrued
Other assets
41.298 04
222.769.18
Total admitted assets $9. 453.26. 13
LIABILITIES SURPLUS AND
OTHER FUNDS
Losses 3 990.933.0T
Loss adjuatment ex
penses 39 400.00
Unearned premiums 4.413.601.88
All other lisbilitles 838.378.73
Total liabilities, ex
cept capital $6,282,315.63
Statutorv deposit S 5O0.0O0.00
Unassigned funds (sur
plus) J.670.970 47
Surplus as regards pol
icyholders 33.170.970.47
Total 39.453.286.13
STATEMENT OF INCOME
Premiums earned 34.230,247.08
Losses Incurred $2,201,708.19
Loss expenees Incurred 184.951.32
Other underwriting ex
penses incurred 1.817.612.18
Totsl underwriting
deductions 34.204.271.69
Net underwriting gain
or loas S 25,973 39
Investment Income 174.075.66
Other Income 50.50
Totsl. before federal
Income taxes S 200.101.53
federal income taxes
lneurrsd
18.230.00
Net Income 3 181.851.55
Dividends to stockhold
ers . TL Nosm
Dividends to pollcy-
noiaers
Nona
Nona
43.852.SS
Capital changes (net)
Other Heme affsMing
surplus (net)
Total capital and sur
plus Items (net) 3
43.852 58
Increase la surplus as
regards policyholders! 225 704.13
BUSINESS IN OREGON
FOR THE YEAR
Net premiums recetTed-S221.S46.93
Net losses paid 63.457.44
Dividends paid or cred
ited to policyholders.- Nona
Principal office In Oregon. D. sL
Macdooaid A Co., Portland.
No. 17-17
SYNOPSIS OF ANNUAL
STATEMENT
for the year ended December 31.
1953. of the FIREMEN'S FUND IN
DEMNITY COMPANY of San Fran
cisco. In the Btate of California,
made to the Insurance Commissioner
of the State of Oregon, pursuant to
W" ADMITTED ASSETS
Bonds . 357.336.647.21
Stocks -Mortsage
- 4,146.981.00
OCT
real aetata
None
None
Real estate -
Cash and
posits
Aerents' balances
1.362.238.48
uncollected premi
ums Interest, dividends
and real estate in
come due and ac
crued -
Other assets - , -
5.971.400.54
216.777.33
381.132.67
Totsl admitted as
sets $73415.177.47
LlABILinKS. SURPLUS AND
OTHER FUNDS
Loeees $28. 838.362.24)
Loss adjustment ex
penses S.OS2.078. OO
Unearned premtams- 30X581,46X34
AH other llabtlltlee 4.558.184.27
Total Mabllltlea,
eept capital
.$39 030.086 87
Capital paid up $ 2.000.00000
Special surplus fu d Nona
Unasigned funda
(surplus) ... . 12-385,090 60
Surplus as ' regards
pohcy holders 814.345.09O.4o
Total 173,415,177.47
STATEMENT OF INCOME
Premiums earned 342.4S9.012.33
Losses Incurred 419.057.020 04
Loss expenses In-
curred.. . 3.732.116.74
Other underwriting
noes incurred . l4.4V48.3i3.ae
Totsl ' Underwriting
deductions $39.237 ,450 37
Net underwriung S--
3.-5T.S61.S4J
1132.319.23
34,9050
Dividends, te
holders
Cat tal changes (net)
Other Items affecting
urplua I net i
. 16.3T1J1
Total capital- and
surplus Iteaas (net)
16.371.31
Increase la siirpHis aa
zrJr.t T-i.rtt
BUSINESS fN ORBIOS..- -FOR
THE TEAR
Net premiums ioeervedSVyO.5M.f3
N-t losses paid . -.- 398.4SS.44
Dividemds paid or. ere
Med an SMilievnotde-rs ' Nne
rVmctcal office in Oresmp. .Board
l-resnmeat limans
Other Incasme ,
Total, before fail si si
inoome taxas . 4V34,t75.S4)
Federal t-coma taxea
incurred -J10.WS.1T
Met IxteaBM S 2.036.062.63
Dividends to aek- e
Bolder NoSM
p--cy-
Rone -
None
Dulles Says
APool Talks
lit Deadlock
WTJ-LJAMSBCRG, Viu UB Unit
ed States efforts to negotiate with
the Soviet government for a world
atom pool for peaceful purposes
have woundup in a deadlock. Sec
retary of State Dulles said here
Saturday. J '
But. Dulles said: "we shall per
sist in our efforts to I negotiate in
relation to Germany, Austria. In
dochina and atomic energy.
That statement was substituted
in delivery lor what he had said in
his original prepared, text: "We
do not exclude the possibility of
agreements of limited scope."
The change was made without
explanation by the State Depart
ment in Washington.! It did not
seem to alter the sense, although
the emphasis was shifted more
to U. S. determination to negoti
ate and less to the fosskbility of
gaining agreements.
Speaking at a celebfation of the
178th anniversary of !the Virginia
resolution for American independ
ence, Dulles said. Negotiations with
the Soviets were necessary to find
out what they might be willing to
do.
Bui, he added, there has been no
compromise of liberty on the part
of the free nations arid no relaxa
tion of vigiliance. "Out of talks
held under these conditions, has at
least come a demonstration of the
implacable purpose of the rulers of
the Soviet Communist; bloc. . .
"We are confronted, with a mas
sive system which, despite its pres
ent power, believes taat ;t cannot
survive except as it j succeeds in
progressively destroying human
freedom."
The struggle between the Com
munists and Free World cannot be
"easily or quickly dissolved," Dul
les said. "Certarfily jt cannot be
resolved by any agreed partition
of humanity between freedom and
despotism. It would be intolerable
for us to concede hundreds of mil
lions of souls to despotic rule."
Dulles said the future of freedom
"rests with a small', minority of
mankind. That is why it is indis
pensable that the people of our
republic, for their pari, should hold
fast to the faith of their fathers."
SHE WAS WRAPPJED UP
MERIDEN, Conn. (JP) A wom
an driver got a parking ticket
"But officer," she expostulated.
"I was trying on at girdle and
they gave me a size j too small. I
couldn't get out of it in time to
put in a second nickle." The tick
et cost her $1 anyway.
No. 13-13
SYNOPSIS OF ANNTJAL
BTATEafEJfT
for the year ended December 31.
1953. of the SAFECO INSURANCsi
COMPANY OF AMERICA of Se
attle, in the State of Washingtoe,
made to the Insurance Commis
sioner of the Btate of Oregon, nor-
susnt to law: j
ADMITTED ASSETS
Bonds Si.7M.-lt.23
Cash and bank de
posits Agents' balancee or
430.T03.41
uncollected pram-
turns
Interest. d 1 v 1 dends
and real estate in- I
come due and ac- ;
crued '
3.570.04
11.093 37
Total admitted
assets $3 232 486 05
LIABILITIES SURPLUS AND
OTHER FUNDS
Lessee S 33,323 00
Loss adjustment ex-
I oh roed premiums
Ail other UaDtUtiea .
-eJ7.50g.15
(17367.1 3
Total tlab-itlea, ax- i
eept capital S- SftS.420 S
Capital paid up $. 000. OOO. OO
Una ssi rned lands.
I surplus i i S34.-4.TT
urplua aa regards '
policyholders $1.834.263 77
Total $4.33.6S6.05
STATEMENT OF IN CO MX
Premiums earned E 67.468.64
Loasea Incurred $ 43.494.34
Loss expenses ra- 'r '
curred ! 6,730.54
Other nnderwrltlac I '
expenses incurred 13S.300.64
Total and erwrrttnc .
deducttoos 347.525. 44
Net under writing I
gain or toss i 180,056.78
Investment income i 14.322-55
Total, before federal
Income taxea 145.T34.33
Federal income taxes f :
incurred None
Net Income ; 165.734.3
Decrease in surplus
as regard- pohcy-i
holders ' 15 734.23
BUSINESS IN OREOON
FOR THE TEAR ;
Net premiums re-
eeived 48.1213
Net losses paid 271.35
Principal office In Oregon. Oeneral
Insurance Co. of America. 209 SW
4th Ave.. Portland. Qregon.
No. 18-1$
STNOP8I8 OF ANNUAL
STATEMENT
for the year ended December 3
19.13. of the FIREMAN'S FUND IN
SURANCE COMPANT -of San Fran
cisco in the State Of California,
mads to the Insurance fmmls limsr
of the Stats of Oregon, p rails at so ,
ADMITTED AMtTl '
Bands S 47.314. 449 S3
Stocks
Mortgage
2.
27 a. Oft
real estate
3,6To?43.S
Real estate
Cash and bank
posits
- ft,300,0ST.S
Agents' balances or
uncollected premi
ums .
12.935,143.73
Interest, d 1 id end a
snd real estate In
come due aad ac
crued Other assets
! 457.i6.5
.477.88.4J,
Total admitted Be
sets S2f)9,210,649.2-
UABXLITIES, SURPLUS AND
OTHER FUNDS
Losses -6,S9.tm.9T
Loss adjust ment ex
oenees 9.T47 144 M
Unearned premiuma 71,247.123.53
other
uaouiu
79L3
Total -abilities, aa- i
eept capital $114,714.5 29.2-
Capital paid up $ 10.OOaOOO.OO
Special surpins funda 400,000.04)
pecial surplus
nasal xned 1 a
I surplus) S407aL2&T
Surplus as regard-
pollcyholdars $ 474,120.0T
mmmu
Total $209,210 64 9.2
elTATEMENT OF INCOME
Premiums earned 3 74,634.757.78
Lnases incurred $ 35ll90,-45JI3
Loss evpenses in
curred 4120.129.02
Other underwriting
axpenses tncurrea- 29.42.439.7
Total and ei wilting f
deduetjons -- S9.tOXT-4.S4
Net nndererrltlag I
.gala, or load 1 4,t32,fM3.14
InvestosaBt tari-ii, a,f55.e71.69
Other toeome . ,V-4l8-
Total, before seders- i
Jafowamjmzm MjMJBtftM
Federal -soosno taxea
sacurred .
Dlvidewda to etoak-
hc4ders-f -M. OOO. OS)
TMvtdend- te seges I
kolders 1 - . Se-e
vapiiw cnesgee
(net) No-sr'
uxner nema aueev
tag surplus last 1.
fot 1 earn) a I aad
ai.6-s.2
creese in ' snrpeue
. , ii
aa reoarda ao c . I
, solders. ... . . 4 617 34 f
BuarNE s w omniM for
THE TEAR f
e prnaismB received $1.571. 2?. 34
NirJeae paJd .- 44.314.40
It eel ta anl i iiinliliie -
t
1 i
4 I
I !
!