THE BEND
' nd CBNTBAL
Tk. Bud BulMla w.kly 1W08 . Ival Ths Bend Bullrtla (Valor) '
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bund u tWond Class Mt, Janua.T . th' Ptof lc ' Band. Ormon
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OBERT W. SAWYKH-Iditnr.iUi.Mru- HBRy,Ni,F0WJ EiIATEll,,pSllS
is UdawidHit Nswspapw 8unaln for th. Squars Itaa). Cleao Buulaasa, CJmui Clitic
' MEMBER AUDIT BUREAU OF CIRCULATIONS
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All Sabscrtptiom an DUB and
mhi swtifr w al u eiuuw l wtdnv
AFTER MANY YEARS
More than a Quarter of a century ago on July 22 and 23,
Iftol nvanf fVa naivunti
sembled in Bend for their annual
meeting of the kind in Bend and we mention it now uecau.se
this week they will be in convention here for the second time.
We hoDe that thev will enjoy themselves as much as on that
first occasion and that they will realize as fully that we appre
ciate their presence. We hope, too, that their session will be as
resultful as the meeting in lvzi.
Bend was not as easy to reach in those days as it is now,
but nearly a hundred newspaper men and women attended
the convention. They drove over dusty, bumpy roads, they
came by train up the Deschutes valley. It was a hard trip, but
many were making it in those days ; Bend was the wonder
city of Oregon, its growth outstanding in the whole United
States, as a matter of fact. It was a city with a future, already
a point of interest to people in many parts of the country. The
editors who came to Bend that year were not disappointed
with what they saw; those who are here this week will, we
are sure, be at least as pleased, and those who have spanned
the gap of time between the two conventions will marvel at
the contrast between the Bend of 1921 and the Bend of 1948.
Claude E. Ingalls, then as now editor of the Corvallis
Gazette Times, was president of the Oregon Editorial asso
ciation (now the Oregon Newspaper Publishers association)
when it met here in 1921. In the closing session Elbert Bede,
then editor of the Cottasre Grove Sentinel, now of the Oregon
Mason, was elected his successor. The business meetings', this
week scheduled for the Masonic temple on the east bank of
the Deschutes, were held in 1921 at the Elks hall. The conven
tion was notable especially for a decision to draft the code
of ethics for Oregon newspapers which was shortly after
adopted and which has been in effect ever since. Proposal for
the code came from the late Colin V. Dyment, at the time in
structor in journalism at the University of Oregon.
Entertainment feature of the convention was a week-end
party at Elk lake. Visiting publishers, for months afterward,
were still talking of the ride that Saturday afternoon over
national forest roads. Some of the local drivers who knew
the twisty, narrow way thoroughly, gave their passengers
all the thrills in the book as they made the trip in something
approaching record time. Thirty miles an hour was real speed
and anything beyond that was an adventure, the memory of
which could be cherished for years.
At the lake, a trout dinner was in process of preparation.
The Rod and Gun club had provided most of the trout. Others,
old copies of The Bulletin remind us, had been seized by the
game warden 6n apprehending a luckless fisherman, who had
exceeded his bag limit, and had been turned in to the com
missary for the delectation of the members of the press. A
rollicking character named A. M. "Nig" Pringle, whom we
and many others have constantly missed in all the years that
he has been gone from Bend, provided the bacon. Most of the
food consumed was from one source or another in central
Oregon. In charge of the outdoor kitchen was the Emblem
club's steward, John L. Jones. All in all it was a great occa
sion. A few of the editors who will be here this week-end will
remember it well and they will remember, too, the abrupt
termination of their slumbers at sunrise the next morning,
when a terrific blast of TNT was let loose. Those who don't
remember well, they simply weren't there. After all, 27
years is a long time and there have been many replacements
in the ranks of the Oregon press in that period.
This year the editors, instead of journeying to a mountain
lake, will witness Bend's famous water pageant on Saturday
night. Different, but we think they will like it, too.
Others Say . . .
CORDON FOR SECRETARY Or
Tim INTERIOR
(Salem Capitol Journal)
In view of Republican presiden
tial nominee Thomas E. Dewey's
announced determination to ap
point a westerner to administer
the western lands and water re
sources Oregon can offer a well
qualified candidate for secretary
of the interior in the person of
United States Senator Ciuy Cor
don if the republicans are suc
cessful in the fall election.
Senator Cordon is considered to
bo one of the best versed men in
the senate on western resources.
The Oregon senator is the type of
man Governor Dewey favors as
an advisor, and the type that he
has surrounded himself with as
governor of New York.
In a speech made at Bend on
May 10 Governor Dewey outlined
a program for the development of
western land and water resourc
es. At that time he called for the
end of what he said was regional
administration by "carpetbag
gers" who live elsewhere. He em
From where
If the folks In our town were
Iris tolerant, they'd he really
burned up over that nationally cir
culated article on "pampered farm
era," describing them as living off
the fat of the land.
From where I alt the farmer is
anything but "pampered." If he's
better off today than twenty years
go it's because he's worked hard
to Improve the quality and quan
tity of hia production.
Take Bert Chllders, for example.
Bert is up at four In the morning,
to get the milking finished and
Cotnrisht
BULLETIN
OBEGON PRESS
nu V 110.00
si utha m
PAYABLE IN ADVANCE
or UUars to mln th. ppt ngulmrly
not nrlitnru nf Orpirnn WPl'G as
convention. It was their first
phasized that westerners should
direct government agencies in
volved In developing the west.
Both republican nominees, Gov
ernors Dewey and Warren, have
expressed their gratitude and ap
preciation for Oregon's leading
part in their nominations. It was
Oregon's primary vote for Dewey
that revived his waning candidacy
and blasted the prospects of Har
old Stassen, anil the Oregon dele
gation at the convention stood bv
Dewey on all three ballots. War.
ten's name was written in against
his consent, as the popular choice
of Oregon republicans for vice
president and it was the Oregon
delegation that nominated him
for vice-president at the conven
tion. There should he an 'organized
effort by Oregon political, econ
omic and social groups to pro
mote the candidacy of Senator
Cordon, whether be is a candidate
for the cabinet or not. If not lie
should be drafted. Ills loss as an
efficient senator would be more
than compensated for by his ele
vation to the cabinet offering a
far greater opportunity for serv
ice. He would be the first Oivgnn
lan to receive a cabinet position
I sit ... &y Joe Marsh
Pampered Farmers
ploughing or harvestinc depending
on the aeasnn, until sundown. In
the etening he finally relaxes with
the missus over a moderate glass
of beer.
And the farmer twlny's not only
temperate in his habits, like Bert's
evening glass of beer . . . but toler
ant in his opinions. So he'll prob
ably say of that article, "somebody
got the facts wrong," end just
let It go at that.
1948, Vnittd Stalt$ Breuen foun&aiioh
since the late George H. Williams
served as attorney-general under
President Grant in ibii aim vu
Hams was also a United States
senator. . , , , .
a word tn the w se should be
sufficient.
STATEHOUSE
JOTTINGS
By Eldon Barrett
(United I'ra SutI porrMDond.nl)
Salem, July 1 (U'i The Oregon
state forestry department and
private timber companies have
teamed up to carry out one ut
the most comprehensive reforest
ation experiments ever undertak
en In the nation.
Th over-all program includes
many projects. One is the plant
ing of 40,000 two-year-old Pon
derosa pine seedlings In eastern
Oregon to determine possibilities
of survival. Another is the seed
ing of 1,500 acres by helicopter.
Other projects include spot seed
ing and seed broadcasting by
hand.
Most of .the land being used
has been fumed over by forest
fires.
All the planting and seeding
work for this year has been com
pleted. Now.it is a matter of
watchful waiting. Additional
areas will be stocked next winter
and spring, however.
Helicopter Used
The helicopter was used to scat
ter seed on land owned by the
CrownZellerbach corpo ration
near Olney on the Jewell-Astoria
highway. The entire 1,500 acres
was seeded to- Sitka spruce mixed
with a small portion of hemlock.
A 200-acre section was given an
additional dose of Port Orford
cedar. The helicopter project
alone required 450 pounds of
seed.
One 40-acre tract was burned
purposely to determine if the ab
sence of fern and the addition of
ash would have any effect on
germination and survival. All
seeds used in the helicopter ex
Deriment had either been soaked
or stratified prior to planting.
Seed is stratified by laying it in
layers of earth to increase germ
ination speed.
The Ponderosa pine planting
Droiects were carried out in
Wheeler, Deschutes, Klamath and
Union counties.
1'lunt in Deschutes
Plantings in Klamath county
were on two tracts owned by the
Weyerhaeuser Timber company.
The land had been burned severe
ly. The Wheeler plot was on
Kinv.ua Pine company lands; the
Deschutes project on Gilchrist
Lumber company property, and
the Union county site was on
state land board lands,
In each county 10,000 seedlings
were planted. Some of the baby
trees were dipped in various so
lutions of a puraf fine base oil that
clings to the needles and tends
to slow down the breath of the
tree.
The pine planting was the ini
tial ajop in an effort to determ
lm methods of artificial refores
tation which may give reasonable-
issuinnce of seedling survival.
Other projects included snot
seeding in the Black Rock burr.
and Cochoran areas of the cous.!
anpe.
If the experiments pan out.
the Oregon timber industry will
fci o badly needed shot in the
aim.
CONSCIENCE CLICKS
Memphis. Tenn. (U'i II. O.
Gardner, hotel manager, got two
crisp bills from a former guest
who enclosed the following note:
wnen l was at your bote ahout
10 years ago. I took a small
smoking stand valued around
I now want to make restitu
tion." Bulletin Classifieds hrlnc results
No. Z7-13
Synnpsta of Annual Sintcmrnt for the
'rjir ended December 31. 1047 of the
factory Multi.il Liability Insurance
rmp;my ol America or Providence.
i the Stale of Hhode Island, made to
.he limit mice Commissioner of the
State of Oregon, pursuant to law:
lN''OMK
Net premiums received. 4.fi!M.lR,V0.V
Total interest, dividends and real
rstale Income, $3S.731.78.
Income from other sources, $31,
IM -VI.
Total Income. $R.0R4,fi6fl.3.
DISIHIUSKAl KNTS
Net amount paid for losses, $1,210,
M2.ti0.
loss adjustment expenses, $425.-
177 .m
Underwriting expenses. $R22,177.2Q.
Dividend paid to stockholders, none.
Dividends paid or credited to policy
solders, fl .173.077 .19.
All other expenditures (IncludlnR
Investment expenses, fcitil.HI) $i!07 -I1?';.
Total dlWircmenti. f3.fl4.VM7.27.
A DrtilT I Kl) ASSETS
Value of reul estate owned, (market
I irnHiet none.
Loans on mortgages nnd collateral,
I Mo . Hone.
I Value of bonds owned (amortized).
(13. 7.19.41 13.
Value of Mocks owned (market value)
K.4M,tf4tt.OO.
Cash in banks and on hand,
174 M7.71.
Premiums In course of collection
sutton since September 30, 1947, $102,.
IB 92.
Interest and rents due and accrued.
34.;ti.4tl.
other atscts (net! Pension Fund, $!
119 821.3$.
Total admitted aet. 919.087.11081.
UABU..T.KS. si'Hri.rs AND
OTHER FUNDS
Total unpa d claims. $2,492,092.87.
estimated In adiuslment expense
for unpaid claims. $2 595 00.
Total um-ained piemnnns, $1,823.
!M 7fi.
All other liabilities includes pen
don Fund Reserve. $1.019,1. 54. $1.
H4.9-.2 02.
Total liabilities, except capital, -72..ii
AS.
(iunrar.tfe Fund, $?50,oW nn
Ppect"' surplus fundi: Voluntary Re
serve. $2.0W.00fl 00.
ite of N. Y. Special Rerv, $oo..
JO0 00.
UnasstStMHt fundi (surplus, $10,744.-
174 ;t.
Sui plus ss regards pAllcyhoblers
$13,094,174 38.
Total. JisiwT.tinst
bi'sisrs in onrnoN
FOH THE YF.AH
Net premiums received. $-1,008 W.
Net lors paid. $45 8o
nivinenn r-mg or credited to policy
THE BEND BULLETIN, BEND. OREGON
Bend's Yesterdays
(From The uuuetin meat
Fifteen Years Ago
(July 1, 1933)
All organizations sponsoring
floats in the Mirror pond fete
have been asked to provide their
own boats and crews. Each float
must be escored down the river
by a boat and oarsmen.
"Elmer the Great" with Joe E.
Brown, is now showing at the
Capitol theater.
Joseph K. Carson, Jr., wa9
sworn in as mayor of Portland
today, succeeding George L.
Baker.
Thirty Years Ago
July 1, 1918)
' Companies A and B, Bend mi
litia, will head the civic parade
to be held on the morning of July
4. The militiamen will be in
full uniform.
Seating capacity of 2000 has
been arranged at the baseball
park for the roundup celebration
on July 4 and 5.
The government's "work or
fight" order was made effective
over the nation today.
"Over the Top" Is to be shown,
at the Libety theater over the
July 4th holidays.
Bend Man Now
Dude Rancher
Hugh Clapp, resident of Bend
Until 1!)32 anrl nnw nnrtnnr in Ihn
operation of a dude ranch at
Dnuu, ivium., near me east en
trance to Glacier national park,
is vlsltina hara nvar thn holi
days, accompanied by his wife
and their daughter, Linda. Clapp
is in partnership with his nephew,
George Henkle, in the operation
ui u iKsurt rancn xnai eventually
will include about 30,000 acres.
Rahh Is 6lv mltnc cnntl, rf V.n
Canadian line and, Clapp reports,
uig game is aounaanr in tne area.
Clapp has been fire chief at
Rivei-side, Calif., for the past five
years. Since leaving Bend, he
was also engaged in the lumber
uusmess, in souinern .uaiaornia.
Silver Lake Man
On Funeral Ship
Remains of 5,374 Americans'
who lost their lives during World
War II are being returned to the
United States from Europe'
aboard the United States army
transport Lawrence Victory. Ar
rival of the vessel will be an
nounced at the New York port of
emDarKation.
A total of 24 remains are be-
inp rptlirnn unnn InGlrnlnnc rf
next of kirPresidlng In Oregon.
These include SSgt. Carl S. Bish
op, air force, whose next of Jtin
is Mrs. Ora Gunn, Silver Lake.
Visitor From India Finds
Americans Too Hurried
South Bend, Ind. U')A news
paper woman from Lucknow,
India, after a month's visit in the
United States, says Americans
ar too fast, too selfish, too ner
vous and too greedy.
Mrs. Rajini C. Asranl, 34, sub
editor of the English-language
Lucknow Pioneer, visiting South
Bend, also rhnriwl Unit Amo.l.
cans lack knowledge of other
lands and lack peace of mind.
The native of India unin nt
New York City:
i got the Impression of a
throbbing and pulsating human-
ItV. . . . Thn 111,, I, l-,,,ll,ll., ....
ering on both sides felt like the
wmis oi a ciosco room. ... I had
the stranppst Hnslt-n tn i-nn
and get a breath of fresh air."
No. 80-SS 1
Svnnnxi (rf Annual statement for ttie
tear ended December St. 1047, of the
Penn Mutual Lite Insurance Company
ot Philadelphia, In the Stole of Penn
sylvania, mnrle to the Insurance Com
missioner of th State ot Oregon, pur
suant to law:
INCOME
Total nremlum Income for the year.
IHl.llS.575.57.
Interest, dividends and rents received
during the year. f34.WB.391 .25.
Income from other sources receive!
tlurlnn the year. $32.270.33.a.
Total income, isi.pn'..iu.,..-u.
DISBURSEMENTS
Paid for losses, endowments, annui
ties and surrender values, t44.84fi.fi27.75.
Dividends paid to policyholders.
$1(1 SB4.49S.I9.
uividcnos pain io siocKnoioers, no".
General Insurance expenses. S7.(k.-
041109.
Amount of all other expenditures
(Including Investment expenses 12.-
(74.3(15.101. t29.998.ei3.64.
Total expenditures, S03.030.784 .87,
ASSETS
Value of real estate owned (book
value), tl2.HH0.420.14.
Loans on mortgages and collateral,
etc.. nxana.fiM.M.
Value of bonds owned. tfiB8.454.73S .50.
Value of stocks owned (market
aluel. 141, 404.B75. 00.
rrcmlum notes and poller loons,
$4.1.073.473.74.
cash In banks and on lund, $8,179,
174.34.
Interest and rents due and accrued,
td.9R7.Ifi4.18.
Net uncollected and deterred pre
miums. $12,921,700.27.
Other assets (net I. $285,734 80.
Total admitted ossels. tl.126.01H.0S7 03,
At omorlircd or other values pre
scribed by National Association ol In
surance t onimlssloncrs.
LIABILITIES. simPI.l'S AND
OTIIEn FUNDS
Net reserves, t988.720.M2 3t.
.."c!'.',lm, ,nt loM outstanding,
$4,384,058 31.
All other liabilities. fM.mr.Wt.ai.
Total liabilities, except capital, ft .
087.49(1.988 23.
Canital paid up, none.
Sneoial surplus funds. f.W.SJJ.toa 80.
I'nasslmed funds (surplus!, none
B.S"SlS"
Total, tl.ljs 019.097 a,!
ni'MNEVS IN OREC.ON
FOR THE YEAR
$M9 Jo? 74m'um n1 ,rmul"M received.
Dividends paM to policyholders dur
m the year, fmi.880 37.
Net losses ond claims, endowments
"'e'Tne.r'j47T4',S,,.'m,mM
Principni office in Oreion. Union
OrlSon B'd" Port,"n1
Mr'S',"f',",rt,i',,nM""n reserve
.Ja "'J!'"" set fluctuations
and other contingencies, unresllred
tHjbi, bonds, and reserve lor mors
Proclamation
WHEREAS, the unregulated
use of certain forest areas Is, In
the Judgment of the State Fores
ter, a menace to life and proper
ty due to conditions tending to
cause or allow the rapid spreaa
of fires which might occur or be
cause of the inaccessible charac
ter of such areas due to the lack
of suitable roads, and WHERE
AS, upon tne showing of
the State Forester it appears to
me to be necessary to close to un
regulated use the following areas
designated as: AREA NO. R-l:
All National Forests in Oregon
and adjacent areas protected by
the United States Forest Serv
ice as follows: Adjacent to
Deschutes National Forest:
Section 33, T. 11 S., R. 11 E.; Sec
tions 4, 9. 15, 16 and 17, T. 12 S.,
R. 11 E.; that part of T. 17 S., R.
11 E., east ofaTumalo Creek: Sec
tions 1, 2, 11, 12, 13, 24, 25 and 36,
T. 18 S., R. 11 E.; Sections 6, 7,
15 to 23 Inclusive, 25 to 31 inclu
sive, T. 18 S., R. 12 E.; Section 31,
T. 18 S., R. 13 E.; T. 21 S., Rs. 10
and 11 E.; that part of T. 22 S., R.
10 E., east of the Great Northern
Railroad. T. 22 S., R. 11 E.; that
part of T. 23 S., R. 10 E. east of
the Fremont Highway; Section 36,
T. 23 S., R. 14 E.; T. 23 S R. 15
E.; Section 35, T. 24 S., R. 13 E.;
Section 20, T. 24 S., R. 14 E.; Sec
tions 31, 32, 33, T. 27-S., R. 8 E.;
Section 36, T. 27 S., R. 7 E.; T. 28
S R. 7 E.; Sections 4 to 9 inclu
sive, 15 to 23 inclusive, 26 to 34 in
clusive, T. 28 S R. 8 E.; Sections
1, 2, 3, T. 29 S., R. 7 E.; Sections
2 to 6 inclusive, T. 29 S., R. 8 E.
NOW, THEREFORE, I, Leslie
W. Scott, Governor of the State of
Oregon, by virtue of the authority
vested in me under the provisions
of Section 107-210, Oregon Com
piled Laws Annotated, as amend
ed by Chapter 252, Oregon Laws,
1945, do hereby proclaim the un
regulated use of the above-described
areas to be unlawful and
do hereby close said areas and
the same shall be subject to use
only upon condition that entrants
shall comply with all of the fol
lowing requirements or condi
tions: (1) To refrain from smok
ing while traveling in suh areas.
(2) To secure a permit issued
by the forester or a fire warden
before building a campfire other
than at improved, designated and
posted campground on such areas.
(3) To have as a part of his or
her equipment w.hen using camp
fires, except when traveling as a
pedestrian, andor camping at
improved, designated and posted
campgrounds, tools as specified
by the forester suitable for extin
guishing fires. This proclamation
shall be effective from and after
the 1st day of July, 1948, and shall
remain in full force and effejet
until and including the 31st day
of December 1948. Done at the
Capitol In Salem, Oregon, this
29th day of June, 1948. s LES
LIE W. SCOTT, Governor. AT
TEST: s EARL T. NEWBRY,
Secretary of State. 22-C
No. 53-31
Synopsis of 'Annual Statement for the
rear ended December 31, 1947. of the
Reserve Llfo Insurance Company of
Dallas, In the State of Texas, made
lo the Insurance Commissioner of the
State of Oregon, pursuant to law:
INCOME
Total premium income for the year,
(3.017,756.02.
Interest, dividends and rents re
reived during the year, $31,512.30.
Income from other sources received
luring the year, $117,444.97.
Total income, $3,160,713.89.
DISBURSEMENTS
Potd for losses, endowments, annui
ties and surrender values, $508,338.46.
Dividends paid to policyholders,
none.
Dividends paid lo stockholders
(Cash, $11,250.00: stock, none), $11,
150.00. General Insurance expenses, $1,858,
129.54. Amount of all other expenditures
(Including investment expenses, $1.
143.541, $2,352.29.
Total expenditures, $2,380,070.29.
ASSETS
Value of real estate owned (market
yalue), none.
Loons on mortgages and collateral,
Itc. $475,310.89.
Value of bonds owned (market).
(677.693.93.
Value of stocks owned (market
raluel $181,328,110.
Pj""'um notes and policy loans.
vntOUsT.H4s
157 llh b"nl ""S on nnd. 286.
Interest and rents due and accrued.
Net uncollected and deferred pre
lllums. t:i8 759.97. .
Other assets (net), $898.99.
Total admitted assets. $1.670,110 57.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Wet reserves. $823.IR6.20.
.r." y rlalmJ and losses outstanding.
1197.990.00.
All Other liabilities, $120.905 39
Jota'habllltics. except capital, $1,.
Capllal paid up. $300 000.00.
Special surplus funds, none,
linnssigncd funds (surplus), $228..
519.98.
Surplus
1528.019. OH.
regards policyholders.
Total. $1,670,110.57.
BUSINESS IN OREGON
FOR THE YEAR
..h.0' Premiums and annuities received,
589 4.,.
Dividends paid to policyholders dur
uig the year. none.
Net losses and claims, endowments,
mrrendcrs. and annuities paid during
the year. none.
Principal office In Oregon. 750 Mor
ion Building. Portland. Oregon,
Use classified In Th n,,iin.
tin for quick results.
FRECKLES AND HIS FRIENDS
.rB Iks feffHv c'(5hsa"fcTV
ITWT KXJRE . HL WIW CAN SAY I5 ( MGAL LM ' l i rT VI 1 I .WHIT "H'l
! Hmumbung I J your mouth , 7 b moollm y i ST c v r. ' ,
Swedish House Baffles
Builder in Boston
Boston illi An interpreter and
a mathematician helped exchange
professor Robert Kristensson
solve the housing shortage when
he arrived here from Sweden.
Director of a Swedish prefab
ricating concern, Kristensson
simply had a two-story, eight
room house shipped to him from
NOTICE TO CREDITORS
NOTICE is hereby given that
the undersigned, has, by the
County Court of the State of Or
egon, been appointed Administra
tor of the estate of Gertrude M.
Gerrish, deceased. All persons
having claims against said estate
are required to present them at
the office of my attorneys, De
Armond, Goodrich & Foley, with
in six months of the date of the
first publication of this notice.
DATED and first published this
10th day of June, 1948.
EDWARD T. GERRISH,
' Administrator.
4-10-16-22-C
No. 57-35
Synopsis of Annual Statement for tht
vear ended December 31. 1947, of the
lohn Hancock Mutual Life Insurance
Company of Boston, in the State ol
Massachusetts, made to the Insurance
Commissioner of the State of Oregoa
pursuant to law:
INCOME
Total premium income lor the year,
$353,761,980.06.
Interest, dividends and rents received
during the year, $64,168,316.98.
Income from other sources received
during the year, $28,862,048.08.
Total Income, $446,812,346.02.
DISBURSEMENTS
Paid for losses, endowments, annui
ties and surrender values and discount,
$120,882,729.56.
Dividends paid to policyholders,
$29,773,452.63.
Dividends paid to stockholders, none.
General insurance expenses, $74,627,
613.32. Amount of all other expenditures
(Including Investment expenses, $2,
101.579.051, $15,557,854.22.
Total expenditures, $240,841,649.73.
ASSETS
Value of real estate owned (market
value), $26,106,830.28.
Loans on mortgages and collateral,
etc., $106,650,360.04.
Value of bonds owned (amortized),
$1,771,149,779.55.
Value of stocks owned (market
value), $92,108,469.36.
Premium notea and policy loans,
$61,843,436.54.
Cash In banks and on hand, $31,-
128.633.11.
Interest and rents due and accrued
$17,077,692.28.
Net uncollected and deferred pre
miums, $39,361,130.46.
Other assets (net), Cr. $6,552,569.36
Total admitted assets. $2,228,963,772.14
LIABILITIES. SURPLUS AND
OTHER FUNDS
Net reserves $1,783,547,990.00.
Policy claims and losses outstanding.
$1 1 549 892 39
All other liabilities. $204,243,148.18.
Total liabilities, except capital. $2,.
059.341,030.57.
Capital paid up, none.
Special surplus funds: Special Re
serve for Group Insurance Contin
gencies, S3.102.407.08.
Unasstened funds (surplus), $166.
520.274.49. Surplus as regards policyholders,
$109,622,741.57.
Total, $2,228,903,772.14.
BUSINESS IN OREGON
, FOR THE YEAR
N4t premiums and annuities received,
S7.17;ii21.48. ;
Dividends paid to policyholders dur
ing the year, $48,784.54.
Net losses and claims, endowments
surrenders, and annuities paid during
the 'year. $326,062.52.
Principal office In Oregon. American
Bank Bldp., 621 S.W. Morrison St.
PorUand. Oregon.
iPl - rsmous , ,
sian jussTt LmO ' fl JmmmvMm smiummmimn inn'i m ainmn
steeped in rich moasses sauce with pork
Stockholm, a sea journey of over
5,000 miles.
But it wasn't as easy for M.
Joseph Marrone, a specialist in
raising prefabricated houses and
a war time army engineer veter
an who'was hired to erect the
house on a lot in suburban New-Ion-
. ,
He had to get help. All the
plans, directions and labels for
the 730 individual sections of the'
house were in Swedish and were
measured in meters instead of
inches, feet or yards.
Use classilled ads In The Bulle
tin for quick result.
- NOTI'GjE'
For a vacation period for em
ployees, our si-ore will be closed next
week, Monday through Saturday, in
clusive. Open Monday, July 12 as
usual.
Bend Furniture Co.
Central Oregon's Home Furnishers
SPEND YOUR
m BEND and ENJOY THE
BEND WATER PAGEANT!
Remember That Your Car's Cooling
System MUST Be in Top Condition
For Warm Weather Driving! .
SEE US FOR EXPERT
RADIATOR REPAIR SERVICE
LINDSAY'S SPECIALIZED
RADIATOR' SERVICE
Central Oregon's Most Complete .
Cooling System Service
124 Greenwood
THURSDAY. JULY 1, 1948 '
Australia Learns Cure
For "Blue Babies"
San Francisco iiw Australia's
"blue babies," . suffering from'
heart and lung conditions, now
can be treated In their native
country instead of being sent to
the United States, Radio Austra
lia reported.
The broadcast said Australian
doctors, after two years of re
search, have found a way to over,
come the ailment and that 10
operations have been performed
in Melbourne, eight of which have
been successful.
Phone 920
eyr& oven-baked. . .
B- k at II Dl