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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (July 15, 1954)
S (Sec 2 Stoles No. 74-74 - Synosis of Annual Statement for tha year ended December, 31. 1953 of the New York Fire Insurance Com pany of 349 East 149th Street, Mew York. In the State of New York, made to tbe Insurance Commissioner of Oregon, pursuant to law; ADMITTED ASSETS BonOs, W.858.238.7t. i Stock. S8.g87.783.00. - Mortgage loans on real estate, son. Real estate, none. Cash and hank deposits,' H.108. 49.17. Agent's balances or uncollected premiums, $323,860.73. Interest, dividends and real estate Income due and accrued, $39,391.91. Other assets. 9173,828.99. Total admitted assets, f 18.091,752.51. INABILITIES, SURPLUS AND OTHER FUNDS Losses. $912,724.70. Loss adjustment expenses, $33,- 11629 . Unearned premiums, $7.849 ,382 JU.' AJ other liabilities. $719,128.33. Total liabilities, except capital, $9, $30,329.13. - . . Capital paid up. Sl.000.000.00. Special surplus funds, none. Unsssigned funds (surplus). IS.Sffl, 423.36. " Surplus as regards policyholders, 96.S61.423.39. Total. $18.091.75251. STATEMENT OTP INCOME Premiums earned. $8,873,998.10. Losses incurred. I3.231.S29 32. TU.ss expense incurred. $367,078.81, Other underwritlnf expenses ln- Currtd. $3.02M08.13. Total underwriting deductions. $6.- $23 914.28. Net underwriting fain or loss, $30,- l1.82. Investment Income, S4B5.815.81. Other income. S&21.30. Total, before federal Income taxes, 5.515.94. , Federal Income taxes incurred, tllfi.704.71. Net income. $429411234 Dividends to stockholders, $240,- coo.oo. "-- Dividends to policyholders, none. ' CatrttaL change (net), none. Other items affecting surplus (net), -$321,878.08. ' Total capital and surplus Items (net). $561,878.05. . . Decrease, fa surplus as regards pol icyholders, $131,864.83. BUSINESS IN OREGON FOR THE YEAR -Net premiums received. $39,013.73. Net losses paid. $8,78138. Dividends paid or credited to pol icyholders, none. No. (S-$ Synopsis of Annual Statement for the year ended December 31, 1953 of The Pehn Mutual Life Insurance Company of Philadelphia, in the State of Pennsylvania, made to the Insurance Commissioner of the State of Oregon, pursuant to law: " ASSETS Bonds, $958,918,349.80. Stocks. $84,058,336.00. Mortgage loans on real estate, $289,918,843.07. Real estate (less $3,892,899.00 en cumbrances). $39453,451 M. Policy loans and premiums notes. $59 886,459.41. Cash and bank deposits, $20,270, 974.54. Premiums due and deferred (life), $17,107430.09. Interest and other Investment in come due and accrued. $10.834464.22. Other assets, $963418.81. Total assets. $1,437,810,023.58. ' IiABIIJTIES. SURPLUS AND OTHER FUNDS . Reserves - for life policies, $1479. $18 406X0. - - Potiey and contract elalma, $4,818,- 982.08. All other HabUittea. $294,426,823 03. Total liabilities, except capital. $1, J78462.213J1. Capital paid-up, none. Special surplus funds. $79,247. 913.47. Unassigned surplus, none. Surplus as regards policyholders, $79447412.47. Total. $1.4574104334a. Surplus reserve for mortality fluctuation, asset fluctuation and ether coniingencie. . . SUMMARY OF OPERATIONS . (Accrual Basis) - Premiums and annuity eowalojera . tlons, $9548643849. Considerations for supplementary wntracta; $33,781,190.57. Net investment income. $45,853, 493.83.' . Other income Item, $5,09744L58. Total. $18049746444. Poller benefits, $62.844,88244. Payments on supplementary eon tracts, dividend accumulations, and interest. $28.10547142. " ' Increase la reserves. $47,427483.81 Commissions, claim and general In surance expenses and taxes, $22452,. 158.72. Other opera tinf deductions, 1898,- 99.18. Dividends to policyholders, $13,750, 31743. Total, $178.177,71444. Net gala from operations. $5,419. 150.20. Dividends to stockholders, none. Other Items affecting surplus and surplus funds, (net), $140041645. Total. $1400.818.85. Increase in surplus and special tur phis fund. $3.919.03345. BUSINESS IN OREGON v 4 ' FOR THE YEAR Gross premiums and annuity- eon tidersrions collected during the year. $62.797.06. Dividends paid or credited to pot' icynouers during tho year, $9240748. Grots benefits and claims, endow ments, surrenders, and annuities paid during the year. S441.531.22. Principal office in Ore r on. Linton Xrbland. $21-625 Corbett Bldg Port land 4. Oregon. He. S5-45 . Synopsis of Annual Statement for the year ended December 81. 1953 of the Manufacturers At Merchants In demnity Company of Cincinnati, in, the Stat of Ohio, made to the In surance Commissioner of the State of Oregon, pursuant to law: ADMITTED ASSETS . " V. Bonds. $3.875.62947. , Stocks, $493,40745. v ' VW loans on real estate, none. Peal estate, none. Cash and bank deposits. $223,459.13. Agents balances or uncollected premiums, $61$.?84.50. Interest, dividends and real estate Income due and accrued. $48,072.72. Other assets. $13,738.76. Total admitted assets, $7472.071.72. . LIABILITIES. SURPLUS AND OTHER FUNDS .Loaees. $2.410455.60. Loss adjustment expenses, $312, 119 48. Unearned premiums,' $2,473,151.14. AU other liabilities. $353,937.18. Total - UabUiUes, except capital. $9,749,552.40. Capital paid up. $600,000.00. StH-Cial surplus funds, none. ' unassigned funds (surplus) $922, 489.33. Surplus as regards policyholders, $1.322.489 33. Total. $7472.072.73. " STATEMENT OF INCOME " ' Premiums earned. $6,749481.92. Losses incurred. $4,189,439.17. ' Loss expenses incurred, $1,124,-(93.39- ' Other underwriting expenses In curred. $1.35743349. . . . ' . Total underwriting deductions, $6, 71 063.78. Net underwriting gain. $79,818.1$. Investment Income, $122,78242. Other Income, -422462.60. Total, before federal Income taxes. $179,036.48. ' Federal income taxes Incurred, Bone. r Net Income, $179,038.48. , Dividends to stockholders, none. Dividends to policyholders. $65, 4SL82. Capital changes (net), -$800,000.00. Other items affecting surplus (net), $84847147. . M ' Total capital and surplus, items (net). $114,063 19. Increase in surplus as regards pol icyholder. 94.971.89. , BUSINESS IN OREGON . FOR THE YEAR - Net premium received, $768,038.7$. Net losses paid, $428410.06. Dividends paid or credited to pol icyholders, none. Pn&cipal office la Oregon. Port land. V'; Salem, Orew THurs July IS, 1S54 No. 47-47 Synopsis of Annual Statement for the year ended December 31. 1953 of the American Mutual Liability In surance Company of 142 Berkeley Street, Boston, ia the Stat of Mas sachusetts, made to the Insurance Commissioner of the State of Oregon, pursuant to law: ' r ADMITTED ASSETS Bonds, $91.664473.63. Stocks, $14443,83645. Mortgage loans on real estate, $418, 59046. Keal estate. $454403.40. Cash and bank deposits. $1448. 02245. Agents balances or uncollected premiums, $4,006,419.85. Interest, dividends and real estate income due and accrued, $638,515.47. Other assets, $8043041. Total admitted assets, $127431, 193.42. ' " LIABILITIES, SURPLUS AND OTHER FUNDS Losses. $76451.02343. Loss adjustment expenses, $3418, 000.00. Unearned premiums, $16458.93147. AU other Labilities, $10,047,182.75. - Total liabilities, ' except capital. $107473.13745. Capital guaranty and fund, $1,000, 000.00. - Special surplus funds, $3,000,000.00. ' Unasstgned funds (surplus), $13, 47$,05547. Surplus as regards policyholders, $19,478 05547. Total. $127451.193.42. STATEMENT OF INCOME , Premiums earned, $74,692,413.13. s Losses incurred, $45,875,117.72. '' Loss- expenses Incurred, $6471. 773.48. , Other underwriting-" expenses In curred. $13466,07141. Total underwriting deductions. $65,-' 412,96241. Net underwriting gala or loss. f9. $79,452.94. Investment Income, $247741943. Other Income. $7,772.43. Total, before federal income taxes, $11,848,999.74. . - Federal . income taxes incurred, $840 500.19, Net income, $11,008.49945. Dividends on guaranty capital, $: VOOO.00. Dividends to policyholders. $3443,- 006.66. - Capital changes (net), none. Other items affecting surplus (net), $630462.9$. ' Total capital and surplus items (net). $948746944. Increase in surplus as regards pol icyholders, $1,021,129.91. . BUSINESS IN OREGON . FOR THE YEAR I Ne premiums received, $2148142. Net losses paid. $143447. Dividends paid or credited to pol icyholders. $2416497. - ... N. $949 ' ' Synopsis of Annual Statement for the year ended December 31, 1953 of the Allied American Mutual Fire In surance Company of Boston. In the State of Massachusetts, made to the Insurance Commissioner of tho State of Oregon, pursuant to laws ADMITTED ASSETS - Bond. $9,15649941. Stocks, $1470.42740. Mortgage loans on real estate, none; Real estate, none. Cash and bank deposits. $703,726.13. Agents' balances or uncollected premiums, $161.40343. Interest, dividends and real estate income due and accrued, $65,454.04. Other assets. $68,09846. Total admitted assets, $12,023,709.07. . LIABILITIES. SURPLUS AND - OTHER FUNDS losses. $1,448468.00. Loss adjustment expenses, $248,- 978.00. Unearned premiums, $3401,754.70. All other liabilities, $1422.76749. Total liabilities, except capital, $7.- 42245849. Guaranty capital St guar. fund. $250,000.00. . -, special surplus tunas, none. Unasslxned funds (surplus), $4453,- 350.49. Surplus as regards policyholders, $4403430.48. Total. $12,023,70947. STATEMENT OF INCOME Premiums earned, $5.155.77747. Losses Incurred. $2.113454.73. Los expense Incurred. $438,387.43. Other underwriting expenses In curred, $1,113,456.53. Total underwriting deductions. $3,- 87.19849. Net underwriting gala or loss. Si- 488478.98. . Investment Income, $290411.12. Other income. $1473.75. Total, before federal Income taxes. $1,780,763 86. Federal income taxes incurred. $79,474.10. Net income, I.701491.78. Dividends oa guaranty capital. 47.- 000.00. Dividends to policyholders, $1408,- ' J b th) fcr.d!y-rt sr.be red t!zs of the nickel trolley and the 5t! T-bone, gasoline for dad's 1925 model cost about W a gallon (excluding taxes). Sounds Eke a bargainyet it really cost more than today's gasoline. The reason is clear when you keep this' fact in mind: You 11 your car's tank with gasoline, Art Linldetter's Son Turns Dcrtvn Movie Career to Go Into TV Work With Father HOLLYWOOD (UP)JLGary Cros by has started to support papa Bing, and now Art Linkletter, the famed master-of-ceremonies, has launched his son ' in , the ' family business, too. When beaming Linkletter bounc es about his radio and -TV shows to interview housewives from Glen dale and tourist secretaries from Brooklyn, handsome Jack Linklet ter is not far behind. The 16-year-old Eeverly Hills High School Junior revealed he's even turned down a movie career so he can work with his father. Movies Not For , Jack "I-didn't want to be in movies. There's nothing to it as far as self-satisfaction is concerned," the youth explained. "I like working with an audience. So when Crosby and Ozzie and Harriet Nelson put their children on their programs, dad decided he would, too. I'm the oldest of . Ne. 75-75 ; Synopsis of Annual Statement for the year ended December 31. 1953 of the Pacific Automobile Insurance Company of 1530 South Olive Street, Los Angeles 13, In-the State of Cal UornUt, made to the Insurance Com missioner of the State of Oregon, pursuant to law: ADMITTED ASSETS ' Bonds. $3485423.70. Stocks. 8112.996.63. Mortgage loans on real estate, none . Real estate. 2aa J. . Cash and bank deposits.. $1428. 892.50. Agents' balances or uncollected premiums, $903,976.11. Interest, dividends and real estate income due and accrued. $2240143. Other assets, $39473.00. Total admitted assets. $6,036,654.11 LIABILITIES. SURPLUS AND OTHER FUNDS Losses. $2,008,666.42. Loss adjustment expenses, $364. 225.52. Unearned premiums. $1,975,342.64. - All other liabiliUes. $295,594.07. Total liabilities, except capital. $4,- $43,828.65. Capital paid up, $300,000.00. Special surplus funds, none. Unassigned funds (surplus), $1. 092.825.48. Surplus as regards policyholders, $1,392,823.48. , Total. $6,036,654.13. STATEMENT OF INCOME Premiums earned. $4460.430.44. Losses incurred. $2,161488.04. Loss expenses Incurred. $361,753.47. - Other underwriting expenses in curred. $1,783,238.73. Total underwriting deductions, $4, 306.58244. Net underwriting gala or loss, $253, 84840. Investment Income. $82493.44. Other Income, none. 1 Total, before federal Income taxes, $336441.64. Federal income taxes Incurred, $150451.64. 1 ' - ' . Net income. $185490.00. - Dividends to stockholders,- $ 13, 000.00. ' . Dividends to policyholders, $20, 08343. Capital changes (net), $1,640.83. ' tther items affecting surplus (net), $1843343. Total capital and surplus items (net). S 52477.64. . Increase in surplus as regards pol icyholders. $133.71246. BUSINESS IN OREGON FOR THE YEAR. . Net premiums received. S5S.420.0S. Net fosse paid, $38,553.63. Dividends paid or credited to pol icyholders, none. : Principal office ia Oregon: Pre ferred GeaL Ins. Agency, 1319 S. W. Taylor St. Portland. Oregon. 1116.19. Capital changes (net), none.. Other items affecting surplus (net), $298.65440. Total capital and surplus Items (net) $1494,470.49. Increase in surplus as regards poL leyholders. $306.82147. BUSINESS IN OREGON FOR THE YEAR Net premiums received,' $144244. Net tosses paid, $19445. Dividends paid or credited to poli cyholders, none. 75fClU filanninyJieajUteU letUt us five children and I wanted career in show business. So dad is breaking me in as a boy emcee." ' Currently Jack works two days of his dad's daily CBS radio pro gram, "Houseparty". and on the weekly TV "People Are runny." The other days he's studying math and English at summer school. Joyous Eager Kid "I. want to wait until I'm out of college before I work full time," he added. Jack, who could pass for 20, al ready has absorbed the master-of- ceremonies technique of looking joyous and talking with eagerness and rapidity. Young Linkletter, in fact, would be happy to grow up to perform like his father, whom he regards with family loyalty as the best emcee in show business. The other? ' Nixes Others, OKs Dad "Ed Sullivan? Aw, I don't like him," he said. "He never smiles. "And Groucho Marx, well, I don't think ad libs with contest ants should he rehearsed. And everybody knows that what he says is planned beforehand. I don't care so much for that Ralph Ed wards show; "This Is Your Life either. Too personal. "But my father is good, and I say this objectively." ' The radio-TV star's son added he got his start in show business at the age of eight when he would pop out front behind the hedge at home to buttonhole ogling tourists. "I sold dad's autograph ior 25 cents," he grirmed. "When dad found out, he was sure mad." . Ne. 1S-76 . Synosis of . Annual Statement for the year ended December 31, 1953 of the Century Insurance Company, Ltd. of Edinburgh. Scotland, made to the Insurance Commissioner of the State of Oregon, pursuant to law: ADMITTED ASSETS Bonds. $4418,505.47. Stocks. $3,492490.00.' - Mortgage loans on real estate, none, .. Real estate, none. Cash and bank deposits. $493,514.40. Agents' balances or uncollected premiums, $830,001.38. Interest, dividends and real estate income due and accrued. $21,761.48. Other assets. $160,159.44. . - Total admitted assets, $11.218.33249. LIABILITIES. SURPLUS AND OTHER FUNDS - Losses. $1409,65940. Los adjustment expenses. $74, 040.98. r Unearned premiums, $4-399,779.80. AU other liabilities. $305,723.91. ' Total liabilities, except capital, $6, 089402.89. , ' . . Statutory Deposit. $500,000.00. Special surplus funds, none. ' Unassigned funds (surplus). $4,- 627.129.26. . Surplus as" regards poUcyholders, $3.127.12948. Total. $11416432.1$. STATEMENT t)F INCOME Premiums earned. $4,444,618.60. Losses incurred, $2432462.89. Loss expenses incurred. $233,752.12. . other underwriting expense in curred. $1486.671.43. Total underwriting deductions, $4, 555486.46. 1 , i Net underwriting gala er - loss, $110,767.86. Investment Income, $311464 4J. Other income, $22.92. ' Total, before federal income taxes, $241,193.75. s Federal Income taxes Incurred, 43463.10. -ffet income. $24445645. ; . Dividends to stockholders, none. . Dividends to policyholders, none. Capital change (net), none. Other Items affecting surplus (net), $259453.05. . - Total capital and surplus itemr (net), $259,853.03. - ' ' Decrease in surplus as regards pol icyholders. $15.59640. ' BUSINESS IN OREGON . FOR THE YEAR Net premiums received, $39,671.78, Net losses paid, $32.47144. - Dividends paid er credited to pol icyholders, none. n mB uisir ffliaTs Em 1 but what you're actually buying is mileage. Natur ally, you'd rather pay $1 a gallon for gas that gave you 100 miles a gallon than buy lOjf gas that deliv ered only 5 miles to the gallon. And that's why today's gasoline costs less than motor fuel of 1925 ... it gives you mors miles to the dollar. Research Txvister Fells TV Tower .v.. t ' -J- ' t .... A. i St -" . ',' it MOBILE, Ala. A twister during a sudden windstorm In Mobile, Ala hit a 435-foot tower1 behind the WALA-TV building la the downtown section and toppled it to the ground. It fell between two rows ef cars ia a parking lot the only direction It could have fallen without crashing into a building. Several cars were damag. ed but so one was injured. The 85-foot television antenna on top f the 350-tower proper weighs 4Ji tons. Tornado also tore off sev eral roofa and blew oat windows. (AP Wirephoto) 1 Sfald Si ww wtute Sae Downlowa liILIffi MUSES? HEllT VflLBSS: ROUIID STEM fn rz2 n P0RK STEAK VEAL STEAK LO I L DRIED BEEF--lb. BOIIELESS DUIIP !liei mmi mum mwiti7' iu uf I twriaa.Ui-l. 777 rznn , . j Stock your locker the sensible) woy. 50 lbs, ef Bone!e$$ n n X. STANDARD OIL COMPANY 1 f t r 1 o mm 1 fmm DUtlDCaJf n fi 0U i i ' From Young Beef. No Wasty Cuts tmn mwT tiiUUM sawswiJiu ... n n nn r by companies such as Standard has improved gasoline spectacularly over the years. Ifhia better motor fuel made more efficient auto engines pos sible and together they give you up to 60 better mileage than motorists got in the '20's. On top of that, competition between oil companies has helped Malheur Tax ONTARIO. Ore. (UP) The Mal heur County court Tuesday an nounced the county ballot in No vember will definitely contain a proposal for a five-year, 10-milI levy for road work. County Judge G. Y. Chester said SIMYOCK'S SUiniEB SPECIALS! ENTIRE STOCK . Rocj. to $37.50 J195 SPECIAL GROUP Regular WelgHt MVBSW 0U.UU ( I , Open Mon. k. FrL, Til 9 p.m. PP1f-Ar U28 Cenlsr Si. G utl(E?Lieif g Shopping Center i I we ftn aww riw SIRLOIII TIP m , mmz wuuuu , - - Steaks and Roosts $25.83. Any to hold down gasoline prices. Since 1925, they've risen only 20, (excluding taxes) while food has gone up 70, clothing 63, and the cost of living 53. Gasoline is still a bargain. Your money goes further when it goes for today's finer gasclins that delivers more miles to the. dollar, t OF CALIFORNIA Vote Assured the levy would raise a $40,000 fund to make the county eligible for $157,000 in state and federal aid. Experts estimate there will be more than 15 million people over do m tne unuea states in iwou. SUMMER SUITS - 'i J Reg. to $55.00 95 In the Capitol -Shopping . Center lb. Box size package foil wrapped f? n n K. ,1 J lb. 3C 75