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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (March 12, 1947)
Regional Organization Purpose of X Men's Garden Clubs Meet Here The attention of gardening enthusiasts throughout the north west is focused on Salem, for the Thursday, March 13 regional meeting of Men's Garden clubs. This is the first such regional ' meeting to be held in the north west and is for the purpose of forming a regional organization to develop the interest of men in gardening and in forming groups to increase their garden ing knowledge. Invitations have been extend ed by the Salem men, hosts for the occasion, to all clubs in Ore gon and Washington and a num ber of them are expected to be represented at the afternoon business session, with large del egations to be present for the evening meeting to be held at the Marion hotel at 7 o'clock. A feature of the dinner meeting will be a showing of colored mo tion pictures from the collection of James L. Loder, local garden enthusiast, and a talk on Oregon myrtlewoods by Art Kirkham, Portland radio announcer. A report on the progress of men's clubs will be given by Joe M. Johnson, Portland, second vice president of the Men's Gar den clubs of America. Camellias will feature the din ner jneeting, it was announced by officers of the club. The ban quet, to which Men's Garden clubs in Oregon and Washing ton have been invited and which is open to all local garden en thusiasts, will close the organi zation session of northwest Men's Garden clubs who are meeting to perfect a regional group. The Salem Camellia so ciety will provide women guests with camellia corsages in com pliment to the Salem men. Upward Trend In Residences An upward trend in residen tial construction and a slight increase in logging and lumber ing operations were in effect during February, the labor mar ket bulletin of the Salem office of the combined state and U.S. employment services indicates. On the other side of the ledger food processing plants contin ued their drop in employment with only 934 on the rolls as compared with 1031 at the end of January. A further slight drop is anticipated for March. However unemployment de creased approximately 20 per cent during February as com pared with January. It was estimated that there were 4000 without jobs at the end of Feb ruary. The decrease is credited to the increase in farm activity. During February 14,711 Lworkers received service through the Salem office and at its itinerant points at Wood burn, Silverton and Mill City. In-migration slowed down when only 111 migrants were tallied as compared with 253 for Janu ary. Ninety-two of these were veterans. '.'Shortages of houses continues to be the greatest problem for the newcomer," the report states. Hill New Director Mill City Named as a mem ber of the Marion county bud get commission is D. B. Hill, local banker, replacing M. G. Gunderson, of Silverton, whose term expires this year. The ap pointment when made, will be the first time in many years that this section of Marion coun ty has been represented on the budget commission. Fluorescent, Commercial and Industrial Lighting Fixtures For Immediate Delivery Salem Lighting and Appliance Co. Temporary Location, 255 N. Liberty. Salem. Ore. Phone 9412 Dwighl Adams Busy Manager These are busy days for Dwight Adams, former Willam ette university athlete and coach at the Dallas and Albany high schools, who now is di rector of Stanford village and as such acts as business mana ger of the village. In a letter to Robert Board man, Adams, a navy man dur ing World War II, told of his work at the village, where are housed 2000 persons, 1500 sin gles students in dormitories and 316 families in apartments. Adams wrote of operating on close to a million dollar budget and mentioned that the village ran its own fire control, police department, road maintenance, infirmary, post office, stores, bowling alleys, launderies and other business establishments. He mentioned that the dining hall at the village served more than 3000 meals a day. Famous Hunter of Whales Dies at 83 Point Barrow, Alaska, March 12 (U.F9 Taakpuk, reputed to be the greatest whale hunter on the Arctic coast, died in his cabin here from Influenza yes terday. The 83-ycar-old patriarch na tive leader of this northernmost Arctic community was said to have killed at least 100 whales during his lifetime and despite his age broke the year's record last season with three kills In the Arctic ocean. County Planning Group to Continue The Marion county agricul tural planning committee will go ahead as an active group, the county agent's office announces. The committee has voted to set up a county agricultural planning council as its executive body. The members are: Rex Hartley, chairman; W. M. Tate, vice chairman; Albert Boschler, dairy; John Ramage, horticulture; Eddie Ahrens, live stock; William Chase, turkeys; John Dasch, poultry; Ivan De Armond, farm crops; Mrs. Floyd Fox, farm home and rural life; Mrs. Harvey Evans, 4-H Lead ers association; WT M. Tate, land use; Larry Goss, vegetable crops; Ray Glatt, farm labor; C. W. Paulus, hops; Harry Riches, sec retary. Agricultural planning in the past has been on a rather in formal basis in the county. The decision of the county-wide planning group to continue its operations will serve the follow- In AIX fear., the Flrla Oooee en the North land ba? ll Dm Wntoa humeri unfatttnq guide to totted. ferule ieed backed bj the 61 year rnroVatfon ot America'! leading eeede men. Thil rear, one to hnptOTsd proceeehie; method, and Northrup, King'e constant March tor the BEST. Uw Northland quaHrf U btto than erer. Got your lupplr before pautble ihorlaaea occur. Son your local Northrup, Una . dealer or write to . . , Northrup, King fir Co. ALBANY OREGON Dee't rtik Mil atarr etlee. THIS YEAR Mart retatinr rropa ta In Ha Dp t.rtilil,. Saa rear local P.M.A. Cammittte, formarly fha Tripla A, about rorammant penntnt. far aaad a tad In build in aerraeneiit pee-ferae. ing purposes, County Agent Har-(carrying ry Riches said: Facilitate organization of fu ture planning conferences to bring recommendations up-to-date as needed. Assist in coordinating the ac tivities of all agencies and or ganizations touching agriculture, including rural home life, in iw.tM.y.Mji will give you a lift CMHPMt Qo8 RATES CASH MealhtfPeyifieat. YOU -r WT 11 am. Uajea. AIM 7.62 8,26 1300 21.16 27.78 5M 36.10 46.30 $1000 76.19 92.59 "reeipf, reeveateef Hmndly aervfee $100o $1000 Oft MORS Auto Personal l INCORPORATED (II m iCttlPV- 444 Canter Stmt tnLLRi ntu-nui I . Telephone 4168 out the reconimenda-iCapilal Journal, Salem, Ore, Wednesday, Mar. 12, H lions of the county agricultural program planning conference. In Sweden, luncheons fie-land dinners over three quently extend over two hours! hours. . are 1 of ta liel 1UC Hi 1475 or four I a' SI I I ii IB .' II BUNDED WHISKEf I 1 86 PROOF 701 VEGETABLE NEUTRAL SPIRITS DISTRIBUTED BY UNITED DISTILLERS OF AMERICA, INC., NEW YORK 1. N. Y. Marquis James tells of ONE OF METROPOUTAN'S GREATEST YEARS-1946' IN LINE with its long-established "Open Book" policy, Metropolitan recently asked Marquis James, noted historian and a Metropolitan policyholder, to write the Company's Annual Report to Policy holders for 1946. Mr. James was unusually well equipped to do this because he had just finished, at the request of the Company, a three-year study of Metropolitan's operations from the time it was founded. The results of this study have been published by the Viking Press under the title of "The Metropolitan Life, A Study in Business Growth," on sal at any bookstore. In Mr. James' report of the Company's operations for 1946, he tells a story of con United progress in service to policyholders. He points out that payments to policyholders and their beneficiaries last year exceeded $630,000,000. that 2,400,000 people bought new Metropolitan policies in 1946. that the amount of new insurance purchased in 1946 topped anything in Metropolitan's 79 years in business. that the gain in insurance in force set a new high record. that the Company had one of the lowest death rates in its history. that, despite a trend toward increased costs caused primarily by a continued decline in interest rates earned, the Company has found it possible to con tinue dividends on Ordinary and In dustrial policies during the coming year at the same rates as during 1946. . Mr. James' report is much more than a compilation of statistics. Amongother things, he discusses the social value of Metropoli tan's investments. For example, he charac terizes Metropolitan's housing program as a "vivid demonstration of how private enterprise works for the public good." Whether or not you are a Metropolitan policyholder, you will find the Annual Report to Policyholders well worth reading. To get your free copy, just fill in and mail the coupon below. BUSINESS REPORT FOR 1946 (In aceordu.ee with the Annual Statement as of December 31, 1940, filed with the New York State Insurance Department.) OBLIGATIONS TO POLICYHOLDERS, BENEFICIARIES, AND OTHERS Policy Reserves Required by Law $6,891,359,670.03 This mount, together with future premium, and reserve interest, ia required to aaeure payment of all future policy benefit. Reserved for Future Payment Under Supplementary Contract 332,747,697.63 Policy proceeda from death claim, matured endowment!, and other payment which beneficiaries and policy holder! have left with the Company to be paid out to them in future yean. Policyholders' Dividend Left an Depatlt . . . 33,767,508.30 Reserved for Dividend ta Policyholder . . . 137,845,377.00 Set aside for payment in 1947 to those policyholders eligible to receive them. Polley Claim Currently Outstanding .... 34,013,611.03 Claims in process of settlement, and estimated claims that have occurred but have not yet been reported to the Company. Other Policy Obtlgatfone 30,533,903.19 Including premiums received la advance, ate. Taiet Accrued 30,198,797.00 Including eitimated amount of taxes payable in 1947 on the business of 1946. Contingency Reserve for Mortgage Loam . . 31,000,000.00 Miscellaneous Liabilities . 36,994.539.16 TOTAL OBLIGATIONS $7,548,450,103.35 Thus, Assets exceed Obligations by $496,982,280.85 This safety fund is made up of: Special Surplus Funds $83,533,000.00 (including $69,833,000.00 for pceetbte lose or fluctuation in the value of investments) Unassigned Funds (Surplus) $413,449,280.85 ASSETS WHICH ASSURE FULFILLMENT OF OBLIGATIONS . $4,001,167,645.00 343,887,541.17 S 89,739,938.35 530,654,827.57 631,841,743.55 706,047,335.50 National Government Securities U. S, Government Canadian Government . , . Other Bonds Provincial and Municipal , . . Railroad Public Utility Industrial and Miscellaneous , . Stocks All but $1,533,700.00 are Preferred or Guaranteed. First Mortgage Loans en Real Estate .... Farms $ 86,749,350.06 Other Property 800,314,051.76 Loans on Policies Made to policyholders on the security of their policies. Real Estate (after decrease by adjuitmentof $35,000,000 in the aggregate) Housing projects and other real estate acquired for investment . . . $133,850,596.70 Properties for Company use . . . , 34,885,954.04 Acquired in satisfaction of mortgage indebtedness (2V,028,2BV.02 under contract of sale) Cash and Bank Deposits . . . , Premiums, Deferred and In Course of Collection, Net Accrued Interest, Rents, ete. TOTAL ASSETS TO MEET OBLIGATIONS 14.344,055,186.17 . 1,951,383,733.97 76,173,195.80 106,663,750.00 886,963,401.83 308,908,746.54 136,654,058.48 118,368,933.09 60.336,790.03 $8,045,433,384.20 This fund, representing about 6V4 percent of the obligations, serves as a cushion against possible un favorable experience and gives extra assurance that all policy benefits will be paid in full as they fall due. NOTI Assets carried at $3 86,3 W, 639.53 In the above statement are deposited with venous public officials under requii w-M-mi vuis winsevw isi U" wuuiaii ia icyMlsu on UK DMB Of par Ot eXCnangS. Iremente of lew or regulatory Metropolitan Life Insurance Company (A MUTUAL COMPANY) Frederick H. tcker, chairman or thi board Lmrof A. Lincoln, wremiduti 1 Madison Avkiub, New York 10, N. Y. Metropolitan Lip Insurance Co. 1 Madison Avenue, New York 10, N. Y. Gentlemen: Please send me a copy of your Annual Report to Policyholder!, "One of Metropolitan's Greateet Yean 1946." NAME- STREET AND NUMBER-CITY 1 ' J. BU aaal M Size 6.0O-16 Fad. Tax Extra Im$i Trade-in Allowance Think of it! First place honors 55 times, (2ml place 9 limes). "Always-in-the-money" Collins linUlieil the spec tacular 1940 racing season using Wards Riverside tires In every race . . . not specially built tires mind you, hut the very same tires yo. huy in Wards stores! Why don't you change to Riversides now! Bring in your old tires today. Trade them in lor new Riverside tiresl Tire Recapping AT WARDS! Your smooth tires are RECAPPED with honest care at Wards. That means months, possihly years of extra wear faoui your present lire! Let Wards re-cap them now. PROMPT FREE MOUNTING 4.404.50-21 $12.25 4.755.00-19 12.25 5.25 5.50-18 13.40 5.255.50-17 14.65 6.O0-16 $14.80 6.25 6.50-16 17.95 7.00-15 19.90 7.00-16 20.35 Plus Federal Tax LIBERAL TRADE-IN ALLOWANCE FOR YOUR OLD TIRESI
