1 000th Member
Signed by Co-op
- K-rl;iJ l Id.' Hultvlin
I.AWNK The Midstate Kleeiri.
(Vi''ialiv' st'i-vin purls of Unci
comitiis, has announced the siun
irK ils 1j0t Ii member, I'i
Hawkins, of Crescent.
This marks a imnvlh of 10
rnwiiht rs sine' lh animal meet
nig of tin- couperu'ive in LaPim
last March. At that time Sam
Morehouse was announced us the
900th member of the cooperative
Mnre numbers will be added
when the power line now being ex
tended to northern l,ake county
)R completed.
NO. IS-IB
Svnopiii tf AiiiiLiii) Statement for
l.e veui tiHlut December 31, 1954
U Tuc Minnesota Mutual Life ln
"tiirance Ounpany of St. Paul. In Hie
fi'.ute of .Minucwta. made to tht In
m;jrne Comrnitsiontr of U.e State ol
OiiS'"t. pJruaiit t" '.aw;
ASSK1S
EjiuIi. n5.2oa.2ie wi.
. Stocks. J5.fcll.M0 00.
Mortgage loans on real estate. 182.
2iV. 0.26.
" li.al estate, $1.!3.175 69.
' Polity loans and premium notes,
ty.1 6h. 1,25 65. .
C'ah and bank deposits, $2,199,-
7jiiiilutn due and defined (lift
and acildnt and health). $4.9i:i,-
"l i litre ht and other Investment In.
- con.e da and accrued. 11.JW.737.3B.
Other ar-sets. 1235.525 09.
'JoUii asi-ct. ilh').(rlO.'J7l.2.
UAniLITlKH. SURPLUS AND
Ol'lIKR FUNDS
Reserves tor life and accident and
hHim pollcln, $IJ8.Sia.7I7'J2.
Policy and coMtatl claim. $931,-
2BK 06.
All Other liabilities, $33,808,203 flfl.
- Total liabilities, except capital,
1113,360.21(1.64.
Cipltal paid-up, none.
Special surplus funds, none,
liiasalgned surplus, $10,272,160.69.
Surplus us regards policyholders,
" l10,2V2,7filJ.W.
Totu . Jll!;t,fl4O,07l.20. to
SUMMARY OF OPERATIONS
(Accrual liasls)
Premiums mid annuity consldera-
tlona. $2fl,(;!'2.6fJU87.
Considerations for supplementary
contracts, $.1,427,845.71.
Net investment Income, $5,853,533.
63. Oilier Income items, $2,792.91.
Total, $35,976,659.02.
Policy benefits. 510.034.582 29.
payments on supplementary con
tnu'ti. dividend arcuinulatlons, and
lnU-reft. $2,324,373 93.
1 iW.rJ in reserves. $12,182,409.08.
Cummins Ions, claim and general In
surance expenses ana taxes, sti.-iii,
Other operating deductions, $109..
Dividends to policyholders, $2,
J50.27U.76. Total. $34,020,131.77.
Net gain from operations, $1,956.
B27 15
Dividends to stork holders, none.
- Other items affecting nurplus and
surplus funds (net), $1,050,386.73.
Total. $l.O50.38.73.
Increase In surplus and special sur-
6lus fund, $WW.140 52.
USINLSS IN OREGON FOR THE
YKAH
Gross premiums and annuity con
I derations collected during Uie year.
$2:14.214 .111
Dividends pnld or credited to pol
icyholders dining the year. $21,445.23.
dross benefit and claims. endow
ments, surrenders, and annuities
paid durlnK the year, $59
Principal of lice In Oregoi
ar, saa.n-ju oo.
ion, poruano.
l v '
r ;i
-- i ii i ffmianfi I in i "hi iii ii if (rt
Madam Alexander DoISs
Regular Sizes and Miniature
Beautiful Clothes $100
-
N.Mttrriftt'P.
lsl Slwy nHwivt in
rnikinK, miming
Iwikintf. (!)od in ht
tr it-ill drinkn. Kr
lAitiri
100 .w
1000 tA9
totunoH
4 o: - .Hit
lite in ditiU'lii aihII
low-ciiliirio dift..
Aik ut Jor SinaniL Hnije Ikvk. .
MAG.ll
Open 8:30 a.m. to 8 p.m.
117 Oregon Phone 157
4o The Bend Bulletin,
IV WW.- i.-iS5:
NOT SO SHIPSHAPE That's tUe word for the rotting lifeboat
on the deck of this ship returned by Kussia to the U.S. The Redj
returned 62 small ships newly painted but reportedly In "seedy"
condition. They were lend-leased lo Russia during World War 1L
Photo above taken at Bremerhavtn, Germany.
HT(1PIS nr AVMT'AI. RTATKMKVT
.'or II.. ,t r..t ,J i.uib., Jl. I'l
ut tit
PEARL ASSURANCE COMPANY, 170.
UNIIfO STATES BRANCH
of N Vur.. lu U Ml I. ,u";
lii.uraiii. iofp.ivi...
nunu.nl Ul
ADMITTED
ii J bank rkpo!!!....
l,il,HU-VJ
iiiicollw il iiiniuiutni
Ini.f.n. diMdwi'ii
Imurii du tnd Kcruatl
4 Sal T)
Otlur .iirU
Tutil aJjullUMl UMU
i iua.l'.ft in
;..! .siu.iSH.J
LIABILITIES, SURPLUS AND
OfHEH FUNDS
1
I A,,, .lluiillirDl MPWH .
io r
r tl.l
Total lUli. HUM, 'rut raplial f It. uJi ,111.1"
lrlH,tll . S tW.ubU uv
'I.V.'mIm.'! ,UUa S !T! 9 1 S3
mri.lut at ntirii iMlklioi(lr( t.T7! 9l S3
Tuial - !-M.I.l-Ji.
TurtMENT Or INCOME
rHnltimt tar-.-d I V.TT8.1TI.H
DUrl InruirtMl
lorurrrd
Ulliar ufJfIIUfi( ioM
I.MS.JII I',
Tula I iirirlVmrltlni dvductlan
Nn ui.tfritillliif la
il I
Oilu
ajJ s
4I.3MT IT
440.liru.ll
-!. SIT :
1S3.11T.31
24.T1T.T3
iffacln(
I bimI lurplul
ii
Imrr
inlktliu
B08INEBB IN
J,t tiralnlumi I
ill It Ml paid.
OREGON FOR THE YEAR
icaliwl $ Mi. Hi at'
, , , t.imtu
I
and up
POSITIVE
In a prescription you
must have absolute
accuracy. That is the
foundation of our
"lie liable' prescrip
tion service. Skilled
Registered Pharma
cists double-check eiuh
compounding step. So,
for positive protection,
briny; your Doctor's
prescriptions here.
mm
Wednesday, July 27, 1955
?
wss&JftK.l
I I'ATKNTKI)
I First machine nun for rapid fir
inn was invented by Richard Gat
lintf, who obtained a U.S. patent
on Nov. 4, 1KIJ2. The first gtin was
made in Indianapolis and fired ZA)
shots a minute.
Gold was discovered in Califor
nia on Jan. 2-1, 1WK.
No. 15-15
Synopsli of Annual Statement for
the year ended Deceinucr 31. 1954
of The Penn Mutual Life Insurance
Company of Philadelphia, in the
Slate of Pennsylvania, made lo the
Insurance CoimnJbSiuner of the State
of Oregun. pursuant to law:
ASSBTS
Bonds, $971,965,192 tilt.
Stocks. $tjfl,yti2,0tL5 00.
MortgaRe loans on real estate.
$.'119 B8JJ.I2 03.
lU-ul estate (less H. 127,634 20 en
Cllirilirancesj, 52.912.2KI 55.
piiticy loans and premium notes,
pi3.1H-i ,510.-14.
dsn, and bank deposits. $14,081,.
BIT 15. A
I'teinlums due nd deferred (life).
9i7.ai5.By.io.
Interest and other investment In
come due and accrued, $11.40ti, 582.78.
Other asseU, $sou,700tll.
Total assets. $1.519,fi7y.2CS 62.
LIABILITIES. SURPLUS AND
OTHER FUNDS
Reserves for life policies, $1,121,
104.552 110.
Pulley and contract claims, $4.
UHi.220 48.
All other liabilities. $310,493,851.17.
Total liabilities, except cjplt.il,
$1.4:iU.2I4,l2:i.lI5.
Capital paid-up, none.
Special surplus lunds, $33,464,
BH4.j;. U unaligned surplus, none.
Surplus as regard policyholders,
none.
Total. $1,519,679,208.(12.
Surplus reserve far mortality
fluctuation, asset fluctuation and
other contingencies.
SUMMARY OF OPERATIONS
(Accrual Ba:s
Premiums and annuity considera
tions. St!!l. 4li0,ll8.48.
Consideration, for supplementary
contracts, $:(4,018.Mi2.27.
Net Investment income, $49,130,
308.75. Other income Items. $4,833,435.56,
Total, $187,452,445.06.
Pulley beneflU. $61,513,462.14
Payments on supplementary con
tracts dividend accumulations, and
Interest. $2!.68B.12!t.25.
Iiu re.ise in reserves, $49,830,549 57.
Commissions, claim and Kciioral
Insurance expenses and taxes, $24,
87(1,1.7 8. Mi-
OUier operating deductions, $242,
97I.UH. Dividends to policyholders. $1,
001.777 16.
Total. $182,216,067.09.
Net gain from operations, $5,236,
377 117.
Dividends to stockholders, none.
Other Hems affectinK surplus and
Surplus funds (netl. --$1,019.005 47.
Total. --$1.1)19.60.1.47. , ,
Increase in surplus and special
siirolus funds, $4.21i,772 50.
UUS1NF2SS IN OIIHiON FOR THE
YKAH
Gross premiums and annuity con
sliii iMtlons collected during the t'?ar,
$!'!!!. HHt.44.
Dividends paid or credited to pol
icyholders during the year. y5.120 -52.
Cross benefits and claims, endow
ments, surrenders, and annuities paid
dm mi! tiie year. $L5.!H)2 21.
Principal office in Oregon, W
W.ivuo Tcmplctiui. USt-Ca Cortwtt
1 llld't- . Portland 4, Oregon.
No 11-H
Synopsis of Annual Statement for
the year ended December 31. 1954,
ol the American Guaranty Life lu
nula noe Company of 41 1 S K 3!Hli
Avenue, Portland, in the State of
Oregon, nude to the Insurance Com-niii-i.iner
n( lie Sute ol Oietion,
puisu.inl to law
ASSKTS
JlOf.i'ftl.UU.
St..ks.
lone
Mortiiace loans on real etat ttM .
9.11 H8
Heat estate. $30 000 00.
I'olicy loans and premium noti,
$8 51.
Cash and hank deposits. $37.23i f,2.
I'reriiiunis due Aiui detei red ihfe
and accident and henlthi, 120,101
Inteiest and other inveMiiient in
come due and accrued, 11.345 JO.
Other assets, $1,100 00.
Toial aets. $.1.14 mil 27
LiAim.rrtK.s. si hplcs and
OTHUl FUNDS
Reserves for life ami accident and
health poline-. $111.338 541
Pnlley and contract claims. $8 .716 19.
All other liabilities. JLM.770 .
Total liabilities, except capital,
$1 i-l.lUH fi4
l aoital pnld-up. $l?9.n20OO.
Sireciiil surplus funds, none.
Unaligned surplus, $,W.4t2 63.
Suiiius us regards polk) holders,
$um:M2ti;i
Total. $334,001 !7
SUMMARY UP OPERATIONS
i Accrual Hasis)
Premiums ai.it annuity consider a
tiens. 2til. 5.1,1 13
lor supplemental y
.t acts.
noiu
Net investment Income, $12,997 37.
lmIht incon.r linns, none.
Total. $l'T4 .v;.' Ml
P -h. y benefits. $109 0rt9 0(1
pjvnients on suppli'iiientnry con-
idena accumulation!, ana
interest, none.
liuTf.ne in wwrvM. $2f 049 14
l otumiMtons. claim nd general n-
su: auce eiene and taxes. $150.-
61 !4
iMKer operating dwtuctlonji. none.
Ui uteiuK to ih1ic holders, none.
T'tai. :n5.:.44 o.
Net gain from operations. $lt,
171 M
Il.vidends to stnckholders. none.
Ot'ier Iteiiis affrcting su: plus and
sin phi tunds I netl. $.V30H!8
I'.'tat 5 .UVU !W
Decreae in lurplus and (eclat sir-
p'liv fmi.U. $5 8' So
mMNf-SS IN tMtFOON FOR TIIF.
V KA
Gr. premiums and annuitv run
B' ter.itunii collevted duilni the eai.
$jrt S-;j u
iv.v.deii.ls P'd or credited to pol-
Kutei lit
C.i
belief it
clai
l.llX
ntlt-
l.fd
1 du
rir.r. nnrr nEAitn
Vi'inon Carlun. tliiel o the
Bd lire dcparimenl. was speak
it ut Ihc Kmailis elub luruheoil
at the I'ine Tavern Monday, trae
inn the development of lire fighting
,ttuiinent If out ancient duys lo
ilie present and noting the part
that insurance oivanialions have
played in encouraging loss reduc
tion. H ATI It RA(i(,t l)
Forrest l.uias, lllfi Portland
avenue, was drivitig along New
port avenue with his little daugh
ter .Saturday night. When he got
near Uln street, wham, a water
shed balloon flew inio his car and
soaked his girl. The rase was re
ported to the city police.
No. 22-22
BynopiH of Annual Statement for
the yeur ended December at iubj
jf trie Carolina CaVu"?t7 Insurance
S'y,r Burlington, in tr,e State
oi rotth Carolina, made to tne In
surance Commissioner of the State
of Oregon, puriumt to Jaw
ADMITTED. ASSETS
Bonds. $2.WJ9,825 55.
Va, and Sav. At Loan Accounts.
$ul,h51 50.
Mortgage loam on
$6,150 AM.
real estate.
Heal estate. $73,487.50.
C'Jkh and bank deposits. $232,363 22.
AgenU" balances or uncollected
premiums. $40J.WH 89.
Interest, lividt-nds and real trstait
Income due and accrued, $12.99238.
Other assets. $09.50.17.
Total admitted assets. 4. 652, 258 21.
LlAUILITIFi. SURPLUS AND
JX)iues,
I. tl.4U2Z!5 37.
aajUkOtit-nt
Lout
15 h2.
expenses, 1326,-
Unearned premiums, $772,057.28.
All other liabilities. $476,323.48.
Total liabilities, except caultal.
$2,977,261.75. '
Capital paid up. $783,699.00.
Special surplus funds, none.
Unasjigned funds (surplus), $891,
297 40
Surplus aa regards policyholders.
Total. $4.652.258 21.
STATEMENT OF INCOME
Premiums earned, $4,253,961.80.
Losses Incurred, $2,182,474.71.
Loss expenses Incurred, $532,186 07.
Other underwriting expenses in
curred, $1. 4(18.327.92.
Total underwriting deductions, $4,
122.9HB.70. Net underwriting ooln nr inaa
$130,973.16.
investment income. $117,171.41.
Otlier Income, $6,143.41.
Total, before federal Inram tavf
$242,001.16.
Federal Income lava innirrcrf
1116.146.76.
net income. $125,854.40.
Dividends to stockholders, none.
Dividends to policyholders, none.
Capital changes (net). $100.672 00.
Other items afOetina mirnln. tnoll
$3'j9,447.79.
i utai capital and surplus items
(net). $470,119.79.
Icvholders. $595,974.1 .
BUSINESS IN OREGON FOR THE
Net premiums received. $1.155 00.
Net losses paid, none.
Dividends naiil or crrtlt(rl tn nnll-
cy holders, non.
K U
friSll, STEP UP TO OLDS
k ' v afe-?u. ts0-1 .IIZ2v Sup.r "88" Holiday Sedan,
All this week is "Best-Deal Week to make it easier
than ever for you to step tip to a "Rocket" Oldsmobile.
Hut our generous appraisal policy isn't all. Look what
tvr'rr talking about! The revolutionary new 4-Door
Holiday Sedan! This scene -stealing beauty puts you
alinul of the crowd in style and comfort with its hard
top design and full, four -door convenience! And this
Holiday Sedan is powered by those two famous running
males , , . the "Rocket" 202 Kngine and Hydra-Matic
Super Drive!
So stop in this week. Take the wheel . . .'get our deal!
Cet out of the ordinary and into an Olds!
Opnwtl extra
OLDSMOBI
FOR COOl
DRIVING COMFORT...
01 - AIR-CONDITIONED
"ROCKET" OIDSM0IIUI
S m ht AnKi mi twMgM
psMwMi mm
BRIDGING A GAP A portable bridge is unfolded by an Army
M-48 tank to help it cross ditches at Fort Belvoir, Va. The
bridge, which folds In half and is mounted on two wheels, was
developed by the Army Engineers to provide tanks and other
equipment with a means of crossing short gaps. Controlled from
inside the tank, the bridge unfolds as it nears a ditch and cau
span 40 feet '
He Thinks He Has the Answer
PORTLAND (UP) A Portland
cab driver and amateur archeolo-
gist thinks he has the answer to
day to a 12,000-year-old mystery.
Jack Benson has been fascinated
by a huge slab of basaltic rock in
Portland city hall courtyard since
he first saw it 35 years ago when
he was a lad of 5. And off and on
he has been, trying to decipher the
hieroglyphics which cover its sur
face.
The rock markings were gener
ally thought to be the work of
early day Indians along the Co
lumbia river between Wallula and
(he Oregon border. The rock was
found there in 1910.
Never easier
Dyer's Auto Service
Phone
DON'T Mill OlDSMOIIirt ITAR-ITUODIS "SMCTACUMR- "iVINORU
- : J
But Benson is now convinced the
writing is Mayan. He thinks it tells
the story of the sinking of the
mother land and the coming of
iii.iif t tu n,.t (;
North America.
From his Mayan studies, Benson
has placed the age of the writing
at about 12.000 years. He thinks he
can recognize a picture of the
Mayan priest Itazmna from a
jaguar, which was the symbol of
the tribe from which the priest
came. Also on the rock is the floor
plan of a temple which he believes
was built in east or central Ore
gon.
VISIT THI "ROCKIT ROOM". . . AT YOUR
Convicts Stabbed
WALLA WALLA IUP- Wanlni
Lawrence Delniore of Ihe Wash
ington slate penitentiary today dis
closed that two convicts were
stabbed in two separate week end
incidents at the recenlly riot
shaken prison. i
The warden identified the
wounded prisoners as J. L. Nor
gard. 46, and A. N. Knsenberger.
22. lie said both stabbings oc
curred Saturday and both men
were recovering from their
wounds.
""We plan an investigation to find
out who did the stabbings and
Mo. 28-21
Synopiii of Annual Statement foi
he eai en-td December 31. 1951. nj
eniien Mutual lu
suranc Company, of Indianapolis
t., ...uiana. mace to th4
lmurance Commissioner of the Suit
of. Oiegon, pursuant to law:
ADMITTED ASSETS
Bonds. $16,695,343.67.
Stocks. $600,976.00.
Mortgage loans on real estate, $7,
050 00.
Real estate, $767,742.69.
Cash and bank deposits, $1,574,.
060.W,
Agents' balances or uncollected
premiums. $1.447.893 51.
Interest, dividends and real es
tate income due and accrued. $152.
138 40.
nth.f atwti 139812035.
Total admitted assets. $21,543 325.61
LIABILITIES. SURPLUS AND
OTHER FUNDS
Losses. $2,327,208.00.
Loss adj ustment expenses. $304.
616.05.
Unearned premiums, $12,457,639.31.
All other liabilities. $14708.97.
Total liabilities, except capital.
$1636.772.33.
Capital paid up (Mutual).
Special surplus funds. $350,000.00.
Unassigned funds (surplus), $4,
856,553.28. ,
Surplus as regards policy holders,
$5,206,553.28.
Total, $21.543.325 61.
STATEMENT OF INCOME
Premiums earned. $14,589,647.50.
Losses incurred. $6,279.219 58
Losses expenses Incurred. $Bt2.050 -
74
Other underwriting expenses In
curred. $5,307,342.55.
Total underwriting deductions, 112.-
448 612.87
Net underwriting gain, $2,141,034.63.
Investment Income, $488,560.23.
Other Income. $1,046.27.
rSBiiJ Ieaerai '
Federai income taxes incurred,
tl'l; RFU) no.
Net income. 2.494.790.BL
Dividends to stockholders, none.
Dividends to policyholders, S2,3tfl.
806.27.
Capital changes (net), none.
Other Items affecting surplus (net),
otai capital and urpluj items
(net). $2,485,969.16.
Increase in surplus as regards pol-
,C'hB0is'iN-Es1-1i'65ORECON FOR
THE YEAR
Net premiums received. $551,466.44.
Net fosses paid. $22241 .09.
Dividends paid or credited to pol
icyholders. SS3.649.71.
Principal office in Oregon, Fori-
than now -to
LOCAL DELIVERED PRICE
Oldsmoblle "88" 2-Door Sedan
01 lew ai
$256462
teieitra.
Yawr prit dapMidi vpon cttelcs of model and body tfyla,
optional quipmfil and acttorH. frit may vary
tllchHy in adotnin communillat bcavt ol iMpplna
chargtrt. All prk lubjact lo Chang withoul nohc.
OLDSMOllll Of ALU'S
220 Greenwood Ave.
87
AN0 THI HONBr lATUtOAY, WIT 10 . UK-TV
At Waiia Waiia
why," Delmore said, "but with
neither man willing to taiK, u s
going to be difficult to find out
just what did happen."
The slabbing incidents were the
first reported acts of actual vio
lence since the penitentiary riot of
July 53.
All physicians and surgeons take
the oalh of Hippocrates.
ptoDoci or s .
Oistiikd fiok mx cum atumt srititi
It CUM SMUGS OlSTILtlMG COUPAIT
CltlHOHT. IUll
I
L