Sherman County journal., June 02, 1950, Page 2, Image 2

!
PAGE 2 SHERMAN COUNTY JOURNAL. MORO. OREGON
-pHE STILL TRAVELING SALESMAN !
S h e r m a n C o u n ty ¿Journal
Published Every F rid ay a t
Moro, Oregon
Giles L. F r e n c h -------- ^---Editor
E ntered as second
class m a tte r a t the
Poetofftee a t M oro.
under A ct
o f Congress o f M arch I . 1871.
O FFICIA L
COUNTY
PA PER
SUBSCRIPTION RATES
ONE YEAR -
FRIDAY, JU N E 2, IMO
----- - - - - *2-°°
vided.
CHARTE& AM ENDM ENT SUB-
M ITTED
TO T H E VOTERS
BY T H E COUNCIL
AN ACT
To am end th e c h a rte r of the
( 'i t v
Of
M 6 rn
rc c o n b ti u c L in ^ ,
N A T I O N AL
*
*•
E D IT O R IA L
' ’ as T
o c I i ^ t Q
n
IroiHaujira
N E W S F A P JR
. PU B LISH ER S
^ASSOCIATION
.
JU N E 2, L9.V0
POSTAL SERVICE
-J
O re e n n
. a d o n te d
by th e L egislative A ssem bly of
the S tate of Oregon and approv-
ed F e b ru ary 17 1899, and to
am end all am endm ents thereof
by adding a new ch ap ter au-
th o rizin g
th e Council to 1m-
prove th e city by constructing,
reconstructlng,
rep airin g ,
o r
»t p c iii lr ijj,
o r
n ,
blication of this R esolution In
V ernon F la tt, Judge
Section 3. The Council of the
the sh e rm a n County r
_v. P. B rinbine, Judge
City shall include in the annua* Journal a new spaper in Moro,
Naomi Van Gilder, Clerk
tax levy a special additional levy gherm an county, Oregon, and
Gw endolyn M itchell, Clerk
In a sum sufficient to pay the hereb designated by the Coun-
W hereas it is necessary for
principal of and th e - in te re s t on
for two consecutiVe publica- the peace, health and safety of
*he bonds hereby authorized as
lhe tw enty the
and
in h ab itan ts that
u becomes due.
.
preceding said election a t im provem ents to the stre e ts and
RESOLVED -• fuirther• th at
e wWch- gald am endm ent is to be d rains be m ade M soon as possi-
follow ing ballot title Is here >y
the
ble and th a t th is e ection be
adoptel J ° r
SUB- ed C harter A m endm ent be kept called at as early a d a te as posse
n^n i S r
v L r r a « open for inspection in his office ble, now, therefore, an emer-
M ITTED TO T O B VO TEltS
offlce hour8 p r ,o r to gency te declared to exist. Mid
®Y
r i '. r t ^ ? of the Cltv said election.
lhis resolution shall come Into
, Shal1
J
amende,
RESOLVED FU R TH ER
th a t force and effect upon Its adop-
«
* neT c h a ^ th e R ecorder be and he Is here- tion. * — —
_ ,.
p T th O’ i n c
*> n p w
rv c u u iu ti
mu
m ain tain in g stre e ts and d rains of by
fmr thp issuance by in stru cted and required to
Adopted th is 12th nay of May,
said
C ity
ity and
and Issue
and sell
te r, providing for
ls®oan
notice of election In a t ¡959 by th e follow ing vote:
said C
issue and
sell lm-
i
of °1.
nt... . Tpiftopn Thou least
re e e public
5
provem ent bonds in th e sum oi
-- 1' npLove™
-
least, th
tn re
puuxxv and consplcu-
------«-— Ye8
F ifteen Thousand Dollars ($15,- Clty
to pro- ous places in the City for a per- No
oaaaoi
, to ______
«.»_ funds ............
.. sand Dollars ($15,000.00)
k
.
000.00)
provide
w ith
’^whictV to
'to pro yu
iod of
not less l^ an ten dayS
A bsent
w hich to m ake said Improve- vide fu,? dS ot^ 7 a 7nd drains of prior to said election,
Giles L. F ren ch , Mayor
C arrel S. B ennett, Recorder
m ents, and to provide a tax p™ve
*' d pi.ov| d lng a special
IT IS FU R TH ER RESOLVED
levy to pay the principal of
CUy. a
n
d
„
f
the 3rd day of June, 1950
and In terest on said bonds
th „ in terest on said bonds? betw een the hours of 8:00 o clock
B E IT ENACTED BY T H E apd the * " ~ resl °
A M and 8:00 o’clock P. M. Is
P
E
O
P
L
E
OF
T
H
E
CITY
OF
100
„
hereby
as the
A ttorney a t law
-------------
—- ------
— mi
no
iieicujf designated
.
—- tim e
MORO, OREGON, th a t th e Char-
DJ7,cnT v t r n F U R T H E R th a t for the holding of said election,
ter of said City of Moro, adopted
RESOLVED F I
nrooose(i and th e following polling place
MORO
by th e L egislative A ssem bly of this resolution f
and the following Judges and
Monday, W ednesday, Frida)
th e S tate of Oregon and approv- c h a rter am endm en
cierks are hereby designated
ed F e b ru a ry 17, ,899 as amended the J ^ r d e r j o r »ubmtolon^to clerks
» A fternoons
be and th e sam e hereby Is a- th e J e g a l v oters
e)ecUon w w ,t .
»reto a tion or
o r rejection w
Pniilru? Place: County Court-
m ended by adding th ereto
T H E DALLES
new ch ap ter to read as follows: a t a special elect on w c h ^
Courthouse, Moro, Oregon.
211 E ast T h ird S treet
C H A PTER X V II
hereby called to be^h eld on
J. F. Foss, Judge, C hairm an
Telephone 3209
Section 1. The Council of the 3rd day of June, 1950.
7
City of Moro is authorized to
IT IS FU R T H E R RESOLVED
im prove th e city by construct- th a t the R ecorder be and he is
ing, reconstructing, I rep airin g hereb y Instructed and require
or
m aintaining
stre e ts a n d to publish th e hereinabove i > i o-
t o CREDITORS
drain s of said City. F o r the pur- posed c h a rte r A m endm ent sub-
*—
by the
ah
nersons having claim s pose of providing funds w ith m jtted to the v oters
by
t e
L o v e ly line o f Easter Dresses and
—a in st th e E state of W illiam S. w hich to pay the cost of said co uncil in the m anner prov -
against
Powell, deceased, are hereby Im provem ents th e Council Is au-
b y iaw , th a t Is to say, by pu-
notified to p resen t them
w ith t h o r l z e d t o
Spring C o tto n s , fine, fetching frocks
George G. Updegraff
The postoffiee departm ent is
getting criticism from all over
these days and for m any reasons.
Most of Them have to do w ith
curtailm ent of service and con­
tem plated
increases in
rates.
The postoffice can expect c riti­
cism" as iong as it operates as im
efficiently as it does. The tro u ­
ble is th a t criticism is about all
the citizens can offer. No m on­
opoly ever treated its patrons Gayle E aton and Darlene Sm ith
w ith so perfect a “public be md the g rad es are V aneta Peck
dam ned” attitude as does the and Paul Blackburne.
je ssle
I-
(lent,
has Rice,
^ ¿ " senior
a w a r d e class
d a pres
$400
postoffiee d e p a rtm e n t
schoiarhsH
p
b
'
by
''t
b
^
N
o
r
th
w
e
r
t
mail servi ce was
Recently
halved in m any cities; service N azarene college located In Nam- » h e l p e r
duly e r ^
a
has been cut in inanjr ru ra l
Idaho.
in pa, Mr.
areas; thei e is little s peed In
and Mrs. R ay W illiams of duly appointed, qualified
and F ifteen ^ " ' ^ n d s shad be In
the moveirlent of letters to th eir
^ U
X
P o w e il.je - - W o r - n d ^ a t o r e as deter-
T h e dep>artment X X y W o7 M
destination
wails th at it cannot get enough
i nm ent Eox. The W illiam s w ere enroute ceased, a t th e office of l . Des
_ n
money from
tne
gov ernm ent
to Seattle a fter spending te r Johnson, attorney at law,
SecUon 1 The debt
and is alwrays ru nning a» deficit.
vacation In San Francisco.
Moro, O
re ^ n . w
.lh ir .s ix m ontes c o n ta in ^
I anClilLU. MUIU,
iMVftiui,
»» ........
onntv
We th in k th a t if it was operated
H arland- from th e date of the first pub I- CRy shall not apply
efficiently it should lie able to They also attended
th e Saturday cation o , th is notice, to-wlt: hereby authorized,
dance
m ake m oney and provide b etter v ie #
grange
n b e h fw ith the -Foxes. W illiam s Ju n e 2, 1950.
8 T N O P 8 I8 O F A N N U A L
service.
8TATEMJCNT
is a b ro th e r of Mrs Fox.
<*»}. p a rk in s
T_
Uie
year ended
F irs t thing the postal service
• f the U U.
t N ■ A
Mr and Mrs. C. W. Johnson
A dm inistratrix
N IO >N
R a
S?« JC
- - I.
--------
could do would lie to .charge the
____
,'A
N
T
,
L
IM
IT
E D o f LONDON
who
have,
spent
som
etim
e
at
T.
L
ester
Johnson
EN
O
L
A
N
D
,
made
to
the
Ineuranc«
departm ents of governm ent for
' oonntaaloner of the Ht a»e of Or eft on
the hom e of th e ir son and dau- A ttorney for A d m in istra trix
purauant to iaw :
th eir postage. Many persons and
31-34C
1NÇOMK
g
h
ter
in
law,
Mr.
and-
Mrs.
R.
Moro,
Oregon
îhim a recali
received » 1 3 .2 4 8 6 5 8 71
- firm s receive as many letters
Net prom'
lnteroat.
dlvt-
T o tal
lr
M.
Johnson
left'
for
th
eir
hom
e
from the Government as fron
___ and
real m -
__
denda
I
NOTICE t o CREDITORS
ta * te Income ,-r ------
826 706 76
ijrivate persons. If these depart- in Aloha Sunday. W hile here
Income
from
other
All persons having claim s
a o y r e e * ___________
397.57» 31
ould noi
not use
Mr.
helped w
ork on -
m ents could
use tlie
m e free
n w
m r . Johnson
ju u iw a
----------
t h e estate of Sam uel B.
franking privilege they
nxUfht the house w hich is being put on against h
are hereby
.»1 4.47 2.»4 4.T 8
To tal Income _
and noT send the old J. T / Johnson place to Holmes, oet
•
them ln
I ISBURM CW XNTS
be moT e 15 careful
N at amount paid fo r
o_A a . ,
envelope w ith a «mail» replace th e one which bn ™ * p r ^ e r form, to the undersign
I
ooom ■ ■ - ,- ----- » 4 .8 7 0 ,6 4 1 3 5
a 12 x
lx>aa adiugtmant
ex-
ere
is
a
trem
endous
yO\
r
a
several
years
ago.
The
P
P
appointed,
qualified
__________
M 3 ,7 6 0 64
enclospre
ttln« expenses 5 ,5 3 0 .5 4 3 12
.b,hnson Plan a trip to Alaska
£ £ u tric e s q of the
: nld to stock
waste.
(Cash, none ;
None
,
L ast W ill and T estam ent of
stock, n o n e )______ _
T hrough tlte parcel post the th is flrtBJBBtter.
Dividends paid or cred­
None
ited to policyholders
tran sp o rts
small -
■
c o r R T o p Sam uel B. Holm es, deceased, at
governm ent
A ll other expenditures
st
Tl
Is
Used
I
'
'
IR<
U
,
t
.
.
.
.
.
.
.
.
,
........
the
office
of
Geo.
G.
U
pdegraff.
(tnclodhur
Investment
packages
atkages b below cost. It is use«
-
OREGON FOR the offlce of G ea
expanses 1179.138 6 0 ) 1 ,6 5 1 7 8 6 .4 3
ith in six m onths
o p SHERMAN Moro, Oregon, w lthl
e xtenslvely because Jt is handier T H E
T o tal dlsburaamanta -8 12.5 75,7 31.5 4
nd cheaper Hum express. B ut l gxorjrkE'T
H E CO i a . q r n r m s P laintiff from
the
date
of
trom cne u«ic w. th is notice,
A D M ir n c n a s s b t s
It
is
dope
CORDELIA
S.
CROSS,
P
iainti
-
2fi
IV
it is cheai>er
Value o f rani estate
owned
(m
arket value) 3 1.082.460.27
v-
"
Mabel Holmes
below cost.
Doan« on mortgage«
T. A. CROSS Defendant.
Cassie
Holmles
None
etc._
and
c
o
lla
ts
r lsl. —
.
Blame for a p art of the deficit
V alue o f bonds owned
SUMMONS No. 27X7
iinrieirraff
(a m o rtla a d ) — - __- 14,911,568.34
is placed on new spapers and
Value of stocks ownad
TO: H. A. CROSS, d e fe n d a n t.
E xecutrices
30-3C
6.4 91.7 78.0C
(m arket v a l u e ) -------
m agazines th a t are m ailed a t a
Cash In banks and
_____
—
on hand — _____ - —. 2.924.427.37
low rate. As far as th is newspa aixive named:
Prem ium * ln course of
IN T H E NAME OF T H E
n o TICM OF
j»er is concerned it will be will?
collection w ritten since
STA TE OF OREGON: You are
____NOTivis w
September 30. 194» _ 1.784.801.39
Interest and rants due
ini ‘ o pay for it p a rt of the hereby required to appear and
SPECIA
L
ELECTION
70.957.93
and accruad —
,.,15is?S5
Other I .«sets ( n e t ) -----
<lc it if o th ers will do likewise, answ er
the
com
plaint
filed
NOTICE
IS
HEREBY
GIVEN
Total admitted assets-826,
think,
how
ever,
th
a
t
th
i-
mn,
because against you in the above entitled tb a ^ a special election has been
, S U R PLUS A N D
L I A BI
hp exafigerut
CR F U N D 8
delivered
cause on or before the expiration can e(j to be held in th e City of
Total unpaid c la im s __3 2,874,787.00
m ost large papers are
Estimated
loss
adjust­
ment expense fo r un-
M
by c a rrie r now days ai nd maga- of four weeks from the date of ^ o r o on S aturday, the 3rd day
paid
a l m s ____ — -
140,36 1.00
ren
te
r
part
the
first
publication
of
this
sum-
of
-JUne,
1950.
The
polling
place
Total
unearned
proml-
zines are hauled tht
SSI
« . 8 3 2 985.13
,.Ss
mons, and if you fail so to appear for gaJd
ei^ tld n will be the
1 .8 9 ( 0 3 8 .3 1
of th e ir trip by express.
A ,11
ll W hir 11AWI1U— -----
The postal departm ent m lgm and answ er plaintiff for w an t c ounty Courtroom , Courthouse,
ns of hiring help : th ereo f .will
take
judgm ent Moro> Oregon, and the polls will
find some mea political m an ip u -jjag a in st you for the sum o f
Capital
opene<j from 8 o’clock A. M.
paid
other th an by
up
» 5 0 0 ,0 0 0 0 0
,ard to encourage« $5680.00. w ith in te re s t thereon unU1 8
p. m . The Judges
Special
•lation. I t is ee 1 to be efficient if S a t the legal rate from Novem ber and c i e rkg appointed to conduct
•«rplua
funda
18 2 .0 0 0 .0 0
an em p’
Unasxigned
th a t his Job d e p e n d -'.¿¡23, 1949. together w ith her costs gaid election are as follows:
toads
he knov
.
(eur-
'
disbursem ents Incurred
J. F. FOSS, Judge, C hairm an
on some petty political boss ann a n d
plus)
8,7 88.5 31.4 8
V ernon F latt, Judge
n o t the proper p erfo rm an ce^o f herein.
5 S " ue as regards poi _8 9 470.531.48
Icy hoi ders —
T his sum m ons Is* published
R. P. B risbine, Judge
his Job.
T o t a l _______________ 82 6.312.682.92
by order of th e H onorable E
Naomi
Van
Gilder,
Clerk
artm
entu
of
th*
lf.o th e .r.
(Gwendolyn Mitchell, Clerk
BU SINESS IN OREGON
e an Inefficient IT. Hcfvveli, Judge of the nbm'-e
governm ent
FO R T H E Y E A R
m tltlea court, m ade and en tere I
has
been
called
office
d
ep
artm
en
t
a
Said election
K «K i T i ™ — - : -
“ <&
as* the post
n d pn the 26th day of May, 1950 for the purpose of subm itting
Dividend! ©aid or cred­
general '< .h au l in needed—a
ited to policyholders _
None
, w»av VtP directing, the publication of this to the .legal voters for th eir ac­
we susp: >n that* th a t m
sum
m
ons
once
each
week
for
ver
report
ceptance
or
rejection,
the
fol-
the case. et, the l b
£ four consecutive weeks in* tho jow ing proposed C harter Amend-
STROPS 18LOF „A N N U A L
can barely get a hearing.
» S h e rm a n
County
Jo u rn al
a m ent as embodied in the follow-
n f S h e V E N T ^ F Î N D Ï M N Î f Y COI
new spaper published and of ing Resolution:
pant of H A R T F O R D In the State
T H E W EATHER
& Ar v l ’n ~ ( tin » m a d e to the Inaura»©*
& 2 S S S o n « o f tbs State of Oreguu.
general circulation in Sherm an RESOLUTION
So far as can l>e rem em bered
County, Oregon.
BE IT RESOLVED by the
pursuant to
by a reasonably active and sqme-
Date of first publication Ju n e Council of the City of Moro, Ore-
w hat aged m em ory th er^ has ’ 2, 1950.
989.83 8.92
gon, th a t the following proposed
never been a year w ithout some
I n c o m e from other
8.414.54
Date of last publication Ju n e am endm ent of the ch a rter of
eources —
good days. It has h a p p e n ed that
_
_
3
2
4
.5
1
7
.0 1 5 2 9
23, 1950.
/
Said City be and the sam e is
Total lncc
it w as well along in May before
GEO. b . U PD EG RA FF hereby proposed for subm ission
D I8 B U R S B M B N T 8
th ere w as a day universally p ro ­
Of A ttorneys for P laintiff
the legal voters for th eir adop
N st amount
9 .8 15.8 50 81
claim ed as '‘nice’’. But eventu*
Loes adjusûâânt ex-
27 1 .682.41
Moro, Oregon
t jon or rejection at a special
ally th ere was such a day.
iíp e n r ó í 5:685 836 2«
—--------— 2—
election, to be held on the 3rd
to fjo c k -
T he w eather has« l>een the NOTK’E TO CREDITOR«
(jay of June, 1950, as herein pro-
10 0.00 0 00
subject of m uch Criticism this
All persons
having claim s
___ ____________________ _
None
year The w inter, especially the
against the estate of K enneth Bethlehem Chapter No. 78. O.K.R
1950 p a rt was cold and the roads
Meets every aecond and
j t P. W alker, deceased, are h e re ­
w ere blocked w ith snow.
fo u rth Thursday in each
by notified to present them in
To tal dlsbure4«o«nta _ 3 21.7 08.4 39.9 9
ju st w asn't the
of
proper form to the undersigned.
m onth; visiting m em bers
a d m itted ASSETS
invited. Moro, Oregon.
we a n ‘ itk ^ d to tell Il» u t
th e dul>- appointed, qualified .and
TÄ
7
»
a ö « jS » i
’«"•
grandpa liked to tel ahout
A dm inistratrix of
the
Olive Young, W. M.
And th e spring w as cold,
of (he
name<J d<?.
N aomi Van Gilder, Secretary
m aylæ becaui-
o‘o °°
h e r th a t ceased, at the office of Geo. G. Eureka Lodge No. 121 A.F. A A.M
V8 S Ä " 3 S S >
00
to
w
arm
up
tKe
air
, . i d Tmrtl during Ja n u a ry and U pdegraff. Moro, Oregon w ith in
Meets on the 1st and
Cash In banka • » » <» 4,»7 2.452 55
told gp
wbnat didn’t «lx m onths from
the date of
3rd T hursday evenings
Premiums In course of
F ebruary.
The w heat didn t
wR;
£
each m onth. Visiting
4 .9 9 2 .7 8 ( 8 .
grow, th e cattle w ere a
m em bers cordially in­
Owietus W alker
Interest end rente due
T_ \5 S 2«
the
end accrued - - - r -----
< 80 .340 .15
tim e finding green grass
vited to m eet w ith us.
A dm inistratrix
Other asseta (o©t) —
______
w o rm s-a te up the garden and
C. S. Bennett, W. M.
Total admitted aaaeta 8 3 8.29 8.75 3.90
Geo. G. Updegraff -
31-34c
th e overcoat wore thin.
H .B. P inkerton, Secretary
LU S A N D
LIA B I1
Now, Glory Be, as May slides A ttorney for A dm inistratrix
'j|H .4 4 0 .3 S S .3 7
Moro Ix»dge No. 113 I.O.O.P
Total unpaid cl
in Ju n e spring finaHy comes.
F.e’ Ime
lm «!-,1
loss
ted lo
e s __ ____
Meets 1st and 3rd
ment ex pen** lo r .un­
23 0.148 48
W e alw ays have some good w ea­
Tuesdays in I.O.O.F.
paid claims - y ------- -
T o tal unearned pr«®** *
A
tu
peri
or
»ervlct
hall.
T
ran
sien
t
and
ther.
m W ?
of personal affendence
visiting b rothers are
Trol StalBWMÍ ! ? L ™ ^ » 2 7 . 2 3 4 . 5 5 2 14
cordially invited to
THAT COSTS NO MORE
Capital
meet w ith us.
up,d
82 ,500 .000 .00
M arvin Howell, N. G.
Unaasl
funds
Leo W atkins, Secretary
©tos)
6 5 6 2 2 0 6 .7 6
Li^lnV ReBelah <x»d«e No. il4
•Ä L “
__ 6 3 6 .2 9 5 758 90
IN
OREOOS
SPRING DRESSES
STN O P818 O F A N N U A L
BTATEM KNT
to r UM year ended December 31,
IL 1»4#
___M A N S F U N D IN D B 1 I-
ot
j MPANT of BAN FRAN«
CISCO, <n the State o f C alifornia,
made to the Insurance Commissioner
of the State of Oregon, pursuant to
law :
__
IN C O M B
_
N et premiums received $ 3L302.% 36.37
TotaU Interost, divi­
dends and real es­
tate In c o m e _______1,3 13,3 10.8 8
Income
from
other
s o u r c e s ___________ _ 2,8 27,1 82 80
k.om
plete line ol Baby wear end Gift» for ell time«
T he G ay Shop
To tal Income _____ 8 35 .348 .430 .05
D1BB CRHEM EN TS
Loss
adjustment
M waiw -w
ex-
.r a v in tiv ,,^
Dividends
paid
to
stockholders
(cash,
none; stock, none) -
Dividends
paid
or
credited
to policy­
holders — — — - - - -
A ll
other
expendi­
tures < Including In­
vestment
expenses
»36 074 1» ) -----------
None
Noas
878 062 26
T o tal disbursements 8 27,148,880.34
A D M IT T E D A 88E T 8
V alue of real estate
owned (m a rk e t val-
us)
___ __ ___ 3
SO.0 1 A 10
Loans or m o rtg a g es
and collateral, e tc .,
Nene
Value of boads owned
( a m o r t i s e d ) _____—. 38,207,871 28
V alue
of
stocks
owned < market val-
7 ,1 2 7 ,9 7 3 .4 3
Casii 'in banks and
X 3 7 4,167.01
on hand — — — —-
Premiums In course
of collection w ritten
since September 30,
5.858 855 56
1 9 4 9 ----- --------- - - - -
Interest and rents due
141.930.54
and accrued — _ — _
1,337.486 39
Other asset« (n e t) —
To tal admitted « ■ * i ? . K 5 .078.203.31
L tA B tL IT IB S , S U R P LU S A N D
OTHER FU N D S _
T o ta l unpaid claims » 21 ,985,506.01
Estim ated loss adjust­
ment
expense
for
unpaid claims - — -
528.017 00
T o tal unearned pro-
«M. - b s s s t :
“ •« « 082 .9 . <H
Capi­
ta)
paid
up --3 1 .7 0 0 ,0 0 0 00
Special aur-
plus funds:
None
ur.aa-
' signed
funds
(sur-
" S iile ,h o lîîr .
policyholders
- - » 13 995.305 27
______ —- 9 55 078.203.31
B U SIN E S S IN OREOON
FO R T H E T E A R
N et premiums received — 8503 940 51
N et losses paid —
232
Dividends paid or credited
to policyholder» ______
>oo»
P'» i lR ,D©-T’i . 0nT>n(.,Lr.lNO
PO RTLAND
8 T N O P S I8 O F A N N U A L
S
B T A TEM E N T
to r the y 'ear ended December 31. 1949.
o f the F IR B M A N ’S F U N D ¿N8UR-
A N C B C O M P A N Y of Ban Francleeo,
la the atete of California., made to
the Insurance Commissioner of the
state of Oregon, pursuant to law :
ih C O M B
N et
premiums
re­
ceived ___________ 8 84,017 ,395 86
T o ta l lnteroat, divi­
dends and real as-
ta t* Income _____
4.112,021.89
Incom e f r o m
other
eources
-----
547,184.49
T o ta l Income ____ 3 6 5 6 7 6 .6 0 2 .3 4
D IS B U R S E M E N T S
N e t amount paid fo r
looses _ _ _ S T - - ___
24.973.981.13
Loss adjustment ex­
penses __________ _
2.2 86.6 91.0 2
U n d * r w r Itlng ex-
23,068,911 76
3
D l K ’.'p _rrd"to
holders (cash
( took
2 .6 0 0 ,0 0 0 .0 0 ;
stock, none) ______
A ll other expenditures
( I n eluding Invest-»
merit e x p e n s e s
»4 IS . 1 8 4 . 8 1 ) ____
X 6 0 0 .0 0 0 .0 0
7.6 34,3 17.1 5
T o ta l disbursements 3 60 ,464.401.06
A D M IT T E D ASSETS
V alue of real estate
owned
(m a rk e t
value) __— -------- 3 1.9 29,S 4 1 9 2
Loans on mortgages
2,082 9 1
and collateral, etc.
V alue o f bonds owned
( a m o r t i z e d ) ____ _ 80 .330.075.62
V alue of stocks owned
5 7 .801 .809 .6h
(m a rk e t v a lu e )— -
Cash ln banks and
12.058.128.51
on hand _________
Premiums In couree
o f collection w rlt-
ten since September
6.865.347.89
30. 1949 ------- ------
Interest and rents due
and a c c ru e d ___—
Other assets (n e t) —
TOU' •i T ---" :« 6 J,2 7 9 .9 .» 2 :.
“ R P LÚ S A N D
379.514 45
T o ta l unpaid claim s— 8 26 .3’
Estim ated loss adjust­
m ent expenses for
___
u n p a id r ia l me
1 1 ” fib • ■ •
T o —
tal unearned pre-
AU .“Ä i K S t ü t . - - : î l U t S H f
. . . « 9 9 .9 9 .
w
Cl,
2 7 ,9 99 009
V oluntary
contin­
gency
reserve 200 000
Special
reserve
fund
200 000
Guaranty
Surplus
fund
200,000
U p s ss signed
l
09
00
00
00
(s u r­
plus) 62.063 929 25
Surplus as
regards
s
policyholders -
T business Trï
IN C O M E
N et premiums received 3 5,692,406 S3
To tal Interest, dividends
4 8 X 7 4 9 .1 8
and real estate Income
l e e o n e from other
21.351.07
To tal in c o m e ______ 8 6.1 97.1 07.0 8
D IS B U R S X M B N T 8
N et amount paid for
iiiesee _____________ 8 2.629.161 4»
IzxM
ad ju stm en t
Itln g expanse*
lends paid to stock­
ier« (Cash.
stock, none) ____ ___
Dividends paid or cred­
ited to policy holders-
AU other expenditure*
(Including Investment
expenses. 8 9 .4 6 2 .9 1 ).
T o tal
,.S?18I:5Í
None
None
23 5.73 8 90
disbursements.» 5.750.321.47
A D M IT T E D A88ETR
V atu* o f real estate
None
owned ( m arket v a lu e )
Loans on mortgagee
Igag«
None
and collateral. etc._
Value o f bond» ow ned
( amortised ) _______ 3 9 .1 16,0 02 62
Value of stocks owned
(m arket v a l u e ) ____
3.8 34.6 00.0 0
In hanks and on
9.5 3.35 0 23
IS in co u rt of
collection written l __
85 1.905 74
September 30. 1 9 4 9 -
Intereet
and
rente
doe and accrued _____
»m ass
(O ther asaets (n e t).,__
t To tal admitted assets 815.37 2.66 2 80
L I A B I L I T | ^ R SURPLUS
T o tal
liab :
York, made to the Insurance Commis­
sioner of the State of Oregon, pur­
suant to law :
70.163.929 26
ôrkgon 7»^!
BS K a ’^ i d rT-,-v_^;,1i n : w ^
Dividend» paid or cred­
ited to policy bolder» -
None
Principal office In Oregon
B O ARD O F T R A D E R U IL D IN O
")RTLA
AND
Total^m ^ald^clalm s -.-3 6,3 05.7 08 35
lose adjust
ment expense for un-
peld claims ______ _
14 3.711.00
To tal unearned premi-
QIBO —----- —----... -
3.279.022 06
A ll other liabilities ___
708.95 6.79
To tal Ilablllt
L _ «agitai
______ ______
,
-3 1 0 .4 9 7 .3 9 8 .2 0
MP
ta to
None
plu)
3.3 75.2 54.4 0
Bur^lua as regards pol-
dders
— 9 4,875 264.40
_________2 ^ ~ ’ 15.§?S ÎS
lends paid çr creditea
to p«1ir-yholdera _ _ _ -___
T<"*' ‘“SSluMÉ-wfi’T Ì34" “ *
Net
amsoBt paid for
» 4.8S2 6 2 1 4 3
lx>s«
adjustment
ex-
peneee
-
U ndvrw rttlng expen«*-« c
Dividends paid to etock-
holders ( Cash. 8200.-
200.000 00
000 00: stock, n o n e ).
Dividend» paid or cred­
■ None
ited to policyholders-
All other expenditure*
(Including InvMtm ent
67 1.5 2 ___
4 .2«
expenses. 818.029 9 7 ) _________
T o tal disbursements -8 1 0 308 321.14
A D M IT T E D A 88B T 8
Value of real estate
owned (m arket value)
None
Loans on mortgagee
and collateral etc. _
None
V alue o f t>onde ow ned
(am ortised)
____ 81 4.903.104.04
Value of stocks owned
( m arket value)
5.4 84.0 74.5 0
C ash in banks and on
h a n d ______________-
X 8 3 4 .1 3 X 9 8
Premiums In course of
collection w ritten since
September 30 1 9 4 9 -» 1,999.279.45
Interest and rents due
and a c c ru e d ___ _____
45 306 25
Other assets (n e t) __
140.670.49
To tal admitted assets 32 4.78 6.58 4.T1
L IA B IL IT IE S S U RPLUS A N b
OTHER FUND8
To tal unpaid claim« 8 4.943.757.8»
Estim ated lose adjust­
ment expense for un-
paid claims . ________
222.311 48
T o tal unearned preml-
urna
Mr~ÜäMUÜäs~L— I m l i ÌÌÌS
au other
T o tal liabilities, ex-
^^cete c a p it a l______ 817.015,287.11
up
8 1 .000 .000 00
M bqi
II b I. .
reserve
toad
— --------
200.000.00
G u a ra n ty
surphia
fund
200.000 00
Unas»lgned
funds (sur­
plus»
6,3 71,2 97.8 0
up
81 .000.000.00
Special
surplus
Unasslgned
funds
6TN U P 8U OF ANNUAL
STATEM ENT
for the year ended December 31,
31 194»
MA R IN K
of the H O M B F lR K A N D M
inburanci
P A A N N 7 t OF
o r çau
IN S U R A N C E c
C o
O M P
F0R N 1A of «A N FRANÇ13OO. la tee
Atate of California made to the In
amaM CMBialasiuncr of the State of
Oregon, pursuant to law I
M t
ved 312,003
261 84
Net premiums received
i
I ta In te re s t d iv id e n d s
•1 L 3 3 X 7 1
and reel estate Incom«
I n c o m e from other
1.1 13,1 70.3 0
sources -■ .
.
None
To tal
B’USINTCSS*Ì N
T.TT1.297 89
- - S iîïG iïîî
OREGON^
FOR T H E T E A R
<et premium» received
fet losses paid _________ ,
Dtvld
paid or credited
None
holdere ________
_ office ln Oregon
R D O F T R A D E B U IL D IN G .
PORTLAND