The Hermiston herald. (Hermiston, Or.) 19??-1984, June 15, 1944, Image 8

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The Hermiston herald., June 15, 1944, Page 8, Image 8

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Newspaper Page TextTHURSDAY, JUNE 15, 1944. THE HERMISTON HERALD. HERMISTON. OREGON. PAGE TWO 1,500.000.00 39,221.26 Policy holders surplus 229,595.55 Taxes, licenses & fees 20,600,796.31 Premiums received Total income 3,332,212.03 150,498.60 Total Losses paid 53,819.21 Stock di vids, paid DISBURSEMENTS FOR 1943 4,510.06 The Ohio Casualty Insurance Co., Policyholders divids, paid 1943 BUSINESS IN OREGON 7,732,095.86 Losses paid 196,098.71 5.071,291.76 Howard Sloneker, President, Martin Other expenses Commis. & salaries none Total expenditures 1,583,225.96 688,350.70 J. Wys, Secretary. Taxes, licenses & fees The Peerless Casualty Co., Walter 439,854.86 ADMITTED ASSETS Stock divids, paid G. Perry, President, Wm. F. Perry. 4,296,604.87 Synopsis of Annual Statement of the Mortg. & collateral loans Other expenses 120,511 57 Secretary, Attorney for service, W. H. 18,228,198.05 Total expenditures Bonds- (amortz. val.) PEERLESS CASUALTY 2,574,760.17 Morrison, Portland, Oregon._ ADMITTED ASSETS You never really know the value of adequate automobile , Stocks- (mkt. val.) COMPANY 126,805.00 928.956.57 j Realty, (mkt. val.) Cash in banks & on hand 422,336.26 insurance until “after the accident”. of Keene, in the State of New Hamp | Mortg. * collateral loans 1,201,310.20 shire on December 31st, 1943, made Premiums in collection 154,408.88 ¡Bonds- (amortz. val.) 24,511,924.46 to the Insurance Commissioner of the Int. & rents due & accrued 16,457.26 If an accident strikes, your Fanners policy® goes swiftly and Stocks- (mkt. val.) 2,222,021.12 State of Oregon, pursuant to law: Other assets (minus) 83,067.11 surely to work—assumes your financial loss—protects your HUNTING | Cash in banks & on hand 4,376,014.63 Capital 3,332,212.03 750,000.00 Total admitted assets stock paid up interests. Premiums in collection 3,536,287.80 INCOME FOR 1943 LIABILITIES Ints. & rents due & accrued 116,207.54 Premiums received Safeguard your auto and your possessions. Don't dnve 1,780,763.87 Unpaid claims 915,183.90 y More Other assets 707,626.14 65,616.92 Unearned premiums 670,395.75 without insurance. Total admitted assets 37,600,248.46 Ints., divids. & rents 26,392.70 Commis. & brokerage due BUSINESS From other sources 30,643.87 LIABILITIES 1.872.773.49 Other liabilities ROY DUNCAN. AGENT 215,988.51 income Try Our Ads Unpaid claims 15,071,329.64 Total FOR 1943 Phone Stanfield 722 DISBURSEMENTS Total Liab. except capita] 1,832,212.03 Unearned premiums 7,728,677.89 550,757.10 Capital stock 750,000.00 Commis. & brokerage due 736,992.76 Losses paid 642,140.23 FARMERS AUTOMOBILS . Surplus over Liab. 750,000.00 Tax reserve 1,828,462.57 Commis. & salaries •INSURANCE bdey Adjustment expense reserve 330,124.07 XX Postwar Employment Adj. N es essesseble Coverage. reserve 50,000.00 Other reserves 674,068.00 Total Liab. except cap- ital , 26,419,654.93 NOTICE IS HEREBY GIVEN to the legal voters of School District No. Synopsis of Annual Statement of the State of Oregon, pursuant to law: Capital paid up 1,759,380.00 300,000.00 Capital stock U-9, of Umatilla County, State of Oregon, that a SCHOOL MEETING of the STANDARD MARINE INSUR Surplus over Liab. 9,421,213.53 INCOME FOR 1943 ANCE CO. LTD. said district will be held at the schoolhouse on the 10th day of July, 1944, at Policyholders surplus 11,180,593.53 2,830,088.60 37.600.248.46 of Liverpool, England, in United Premiums received 8:00 o’clock p. m., for the purpose of discussing the budget for the fiscal Total 259,001.09 Kingdom of Great Britain on Decem Int., divids. * rents school year, beginning July 1, 1944, and ending June 30, 1945, hereinafter 1943 BUSINESS IN OREGON 787,859.71 Premiums received set forth. 75,841.76 ber 31st, 1943, made to the Insurance From other sources 3,876,949.40 12.237.54 Commissioner of the State of Oregon Total Losses paid DISBURSEMENTS FOR 1943 pursuant to law: Standard Accident Insurance Co., BUDGET 500,000.00 Losses, endows., annuities Deposit Capital Charles C. Bowen, President. F. S. Estimated Receipts and Available Cash Balances 352,045.12 etc. paid INCOME FOR 1943 Brown, Secretary. Attorney for ser- 217,324.26 | vice. Insurance Commissioner and A. 2,375,023.93 Policy divids, paid Premiums received 1. Estimated available Cash Balance or Deficit at be 30.000.00 I D. Trunkey. 121,974.49 Stock divids, paid Int., divids. & rents ginning of fiscal year for which this budget is 808,065.21 279,105.39 Commis. & salaries From other sources made (Add Cash Balance—Deduct Deficit) ....... none 2,776,103.81 Taxes, licenses & fees .66-587-15 Synopsis of Annual Statement of the Total income 2. Estimated Receipts from Delinquent Taxes during Other expenses 445,222-24 I NORTHWESTERN NATIONAL IN DISBURSEMENTS FOR 1943 fiscal year for which this budget is made......... $5,167.44 1,919,035.08 I 1.126,672.80 Total expenditures Losses paid SURANCE COMPANY 3. Estimated Receipts—Federal Works Agency ....... 14,708.55 ASSETS 600,807.00 Commis. & salaries of Milwaukee, in the State of Wiscon 4. Estimated Receipts from Other Sources ...................... none 42.047.44 Mortg. & collateral loans 3.383,810.78 sin, on the 31st day of December, Taxes, licenses & fees 5. Estimated Total Receipts and Available Cash Bal 4,919,124.52 1943, made to the Insurance Commis 494,666.14 Bonds- (amortz. val.) Other expenses ance or Deficit ........................................................ $19,875.99 158,600.00 2.264.173.38 Stocks- (mkt. val.) Total expenditures sioner of the State of Oregon, pur- Prem, notes & policy loans 102,622.04 suant to law: ADMITTED ASSETS Estimated Expenditures 521,521.27 3,163,908.84 Cash in banks & on hand Bonds- (amortz. val.) 2,000,000.00 Capital Stock 858.585.00 Int. & rents due & accrued 70,546.56 Stocks- (mkt. val.) INCOME FOR 1943 Expenditures and Budget Expenditures for Three Fiscal 701,511.27 Uncollected & deferred Cash in banks * on hand 5,390,702.64 Allowance for Six Months Years Next Preceding the Current 411,262.31 Premiums received premiums Estimated of Premiums in collection 748,000.88 Int., divids. * rents Current School Year School Year 9,567,487.48 349.959.87 Total admitted assets 9-30-43 38,472.32 From other sources Expenditures LIABILITIES Int. & rents due & accrued 21,304.18 6.177,175.84 Total income Detailed 5,203,162.50 174,890.18 Net reserves Expendi- Budget Other assets DISBURSEMENTS FOR 1943 Firat for the 118,499.60 Losses Expenditures Second 5,270,159.34 Unpaid claims Total admitted assets 2,235,500.78 Year Year paid tures Allowance for the Last Other liabilities 3,019,307.91 Commis. & salaries LIABILITIES 2,155,489.30 Ensuing Year of the 1,380,755.97 Total Liab. except capital 8.340,970.01 Taxes, licenses & fees Unpaid claims Yearly Yearly 487,202.87 in Detail Th ree-year 300,000.00 School Year in Detail 526,173.07 Capital paid up Unearned premiums Totals Totals 400.000.00 Stock divids, paid Period 10,000.00 Surplus over liab. 926,517.47 Commis. * brokerage due 446,572.96 Other expenses 1.266.5)7.47 Total expenditures 165,000.00 Policyholders surplus Taxes- 5.724,765.91 | I. GENERAL CONTROL— Total 9.567.487.48 Unearned prems. on un ADMITTED ASSETS 1. Personal service: 1943 BUSINESS IN OREGON 75,598.57 authorized reinsurance 823,253.64 I Realty (mkt. val.) (1) Superintendent ..... ........................ $2,520.00 1,260.00 $1,260.00 $2,560.80 Premiums & annuities rec'd. 63.177.11 Mortg. Reins, on pd. * unpd. losses 447,724.98 * collateral loans (2) Clerk ................................................ 155.00 77.50 77.50 155.00 Dividends naid 3,764.81 Bonds- (amortz. val.) in unauthorized com 8.904,874.26 (3) Stenographers and other office as 387.442.55 Losses, claims, endows, an panies 7,126.083.81 Stocks- (mkt. val.) sistants ..... .... .................................. 1,200.00 600.00 600.00 1,015.80 nuities paid 5.098.32 Cash in banks & on hand 675,518.81 10.000.00 Other liabilities (4) Compulsory education and census . 500.00 250.00 250.00 State Farm Life Insurance Co., Ad- Premiums in collection Total Liab. except capital 2.554,970.16 (5) Other services ........ .......................... 50.00 25.00 25.00 lai H. Rust. President, Morris G. 500,000.00 Capital deposit 779,660.36 | 9-30-43 ....... ...................................... 50.00 25.00 25.00 Fuller. Secretary, Attorney for ser Int. & rents due & accrued 104.724.67 [ 2 Supplies Surplus over Liab. 2,715,189.18 Elections and publicity ............ ,................ 75.00 37.50 37.50 2.715.189.18 vice. Ins. Commissioner. Policyholders surplus 10.639.79 I Other Assets 4. Legal service (clerk's bond, audit, etc.) 100.00 50.00 50.00 170.03 5.270.159.34 Total 18,872,480.32 Total admitted assets 5. Other expense of general control 50.00 25.00 25.00 646.10 1943 BUSINESS IN OREGON Synopsis of Annual Statement of the LIABILITIES 6. Total Expense of General Control 4,700.00 2,350.00 2.350.00 4,547.73 $4,229.90 $237.60 113,299.881 SUN INDEMNITY COMPANY OF Unpaid claims Premiums received 741,270.40 63,712.58 Losses naid NEW YORK Unearned premiums 6.589,152.27 III. INSTRUCTION—Teaching Standard Marine Insurance Co. of New York, in the State of New Commis. & brokerage due 108.663.69 1. Personal service: Ltd.. W. J. Roberts & Co. Inc., ü 8. York, on December 31st, 1943, made Other liabilities 1,923,514.22 (1) Teachers — ......... 19,240.00 9.620.00 9,620.00 14,036.68 Managers. Attorney for service, Ins. to the Insurance Commissioner of the Total Liab. except capital 9.362,600.58 2. Supplies (chalk, paper, etc.) 4,000.00 2,000.00 2.000.00 4.022.22 Commissioner. State of Oregon, pursuant to law: Capital paid un 2,000,000.00 3. Textbooks — ..................... 425.00 212.50 212.50 439.73 1.000,000.00 Surplus over Liab. 7.509,879.74 Capital Stock paid up 4. Total Expense of Teaching 23,665.00 11,832.50 11,832.50 18,498.63 13,922.48 11,051.37 1943 9.509.879.7 1 INCOME FOR Policyholders surplus Synopsis of Annual Statement of the 3.224.851.76 IV. OPERATION OF PLANT — 18.872.420.32 Premiums received STATE FARM FIRE INSURANCE Total 191.033.99 1. Personal service: 1943 BUSINESS IN OREGON Int. divids. * rents COMPANY (1) Janitors and other employees 2,600.00 1.300.00 1,300.00 2,261.36 7,316.62 57.833.56 Premiums received From other sources of Bloomington, in the State of Illi 850.00 425.00 2. Janitors’ supplies 425.00 3.4 23.202.37 Losses paid 847.62 32.473.49 nois on December 31st, 1943, made to Total Income «40.00 420.00 420.00 3. Fuel ............................ 847.47 DISBURSEMENTS FOR 1943 Northwestern National Insù ance the Insurance Commissioner of the 860.00 430.00 430.00 1.542.426.14 Co., Charles D. James. Prest.. H. A. 4. Light and power 857.59 Losses paid State of Oregon pursuant to law: 200.00 100.00 916.793.25 Schmidt. Secretary. Attorney for ser 5. Water ......................... 100.00 200.05 300,000.00 Commis. & salaries Capital Stock 100.00 50.00 250.386.00 vice, Insurance Commissioner. 50.00 6. Other expense of ope ration 28.88 Taxes, licenses & fees INCOME FOR 1943 200,000.00 ... 5.450.00 7. Total Expense of Operation 2,725.00 2,725.00 5,035.97 3,900.21 2,890.53 1,158,185.06 Stock divids, paid Premiums received 225.827.56 21.320.74 I Other expenses Synopsis of Annual Statement of Int.. divids. * rents V. MAINTENANCE & REPAIRS — 3.165,432.95 THE OHIO CASUALTY INSUR 200,901.29 Total From other sources 1. Repair and maintenance of furniture 1.380,407.09 I ADMITTED ASSETS ANCE COMPANY Total income 250.00 125.00 125.00 and equipment ............................ 256.54 Ronds- (amortz. val.) DISBURSEMENTS FOR 1943 of Hamilton, in the State of Ohio, on 2. Repair and maintenance of buildings 1.266.720.00 December 31st. 1943, made to the In 574,520.88 Stocks- (mkt. val.) Losses paid 250.00 125.00 125.00 262.78 and grounds ■ Commis. & salaries 456,402.87 Cash in banks & on hand 1,020.250.72 surance Commissioner of the State of 3. Total Expense of Maintenance and Re 499.068.80 Oregon, in pursuant to law: 48.654.34 Premium in collection Taxes, licenses & fees 500.00 250.00 250.00 519.32 665.77 pairs . ........................................................ 867.15 .................... Other expenses 66,126.39 Int f: rents due & accrued d 24.544.38 Capital stock paid up 1,200,000.00 113.127.03 Total expenditures xpenditures LI 45.704.48 Other assets INCOME FOR 1943 VI. AUXILIARY AGENCIES— 7,678.926.35 Premiums received ADMITTED ASSETS Total admitted assets 7,146,040.59 1. Health service: LIABILITIES 236,765.90 875.402.54 Bonds- (amortz. val.) Int., divids. * rents 125.00 62.50 62.50 125.01 (1) Personal service (nurse, etc.) ........ 107.702.38 55.000.00 Unpaid claims 2,411.678.97 From other sources Stocks- (mkt. val.) 2. Transportation of pupils: 7.4 90.508.87 488,782.02 Unearned premiums 1.508.230.45 Total income Cash in banks & on hand 2,150.00 4,300.00 2,150.00 4,253.07 (1) Personal service I Commis. & brokerage due 108.486.99 DISBURSEMENTS FOR 1943 Premiums in collection 3. Other auxiliary agencies: 2.548.176.93 84,298.12 Other liabilities 325.929.00 Losses paid 9-30-43 232.50 465.00 232.50 463.32 ( 1 ) Library ................................................. 2,115,171.24 5,654.79 Total Liab except capital 4.354.330.41 Commis. & salaries Int. & rents due & accrued 1,072.50 1,072.50 2,145.00 1,270.40 (2) School Lunches ........................... 898,418.75 28,253.07 Canital naidun 1 000,000.00 Other asstts Taxes, licenses & fees 3,517.50 7,035.00 3,517.50 6,111.80 5,590.82 2,940.26 4. Total Expense of Auxiliary Agencies - 168.000.00 Total admitted assets 1,537,390.54 Surplus over Liab. 2.324,595.94 Stock divids, paid 936.335.28 VII. FIXED CHARGES— Policyholders surplus 3.324.595.91 | Other expenses LIABILITIES 7.678.926.35 Total expenditures 6.666,102.20 75.00 150.00 75.00 75.25 Unpaid claims 57,474.00 Total 1. Insurance .................................................... 75.00 75.00 150.00 850,788.12 1943 BUSINESS IN OREGON ADMITTED ASSETS 75.25 Unearned premiums 158.26 74.03 2. Total Fixed Charges .......... 16.423.74 Realty- (mkt. val.) 137.991.23 52.481.97 i Premiums received Commis. & brokerage due 1.852.98 Mortg. & collateral loans 53.809.95 VIII. CAPITAL OUTLAYS— Total liab. except capital 960.744.09 Losses naid 217.70 1. New buildings 7,204,124.97 Sun Indemnity Co. of New York. Bonds- (amortz. val.) 300.000.00 Capital paid up 125.00 250.00 125.00 2.009,970.00 2. Alteration of buildings (not repairs) - F. I. V. Callos. President. R. A. Kearn- Stocks- (mkt. val.) Surslus over Liab. 276,646.45 3. New furniture, equipment and replace- 576,646.451 ev. Secretary, Attorney for service, Cash in banks & on hand 1.760.047.89 Policyholders surplus 375.00 750.00 375.00 126.40 1,109,186.13 ments ......................................................... Premiums in collection Total 1.537.390.54 I Seeley & Co. 29.175.18 4. Other capital outlays: 1943 BUSINESS IN 1 Int. & rents due * accrued OREGON ------- *5---------- 4,911.87 126,446.81 ( 1 ) Federal Refund .................................. Premiums received 12.762.65 Synopsis of Annual Statement of the Other A ssets 500.00 1,000.90 500.00 5,255.97 887.20 5. Total Capital Outlays 12,430,752.16 Losses paid 1,088.59 STANDARD ACCIDENT INSUR- Total admitted asset LIABILITIES State Farm Fire Insurance Co., ANCE COMPANY 3 576 976 eC IX. DEBT SERVICE— G. J. Mecherle, President, T. F. Camp-of Detroit, in the State of Michigan Unpaid claims 216.48 163.81 1. Total Debt Service ............................. 3,545,510.22 bell. Secretary. a- n€ Nanam.har on +1... the 91.+ 31st of December. 1QA2 1943, made made Unearned premiums 1.108.965.28 to Commissioner ......... •..... - 500.00 ' • the ine Insurance i "9- i —-PP- of - the Other liabilities 500.00 1,000.00 X EMERGENCY Total liab. except canital 8.230,752.16 Synopsis of Annual Statement of the State of Oregon, pursuant to law: 1.759,380.00 Capital paid un 1.200.000.00 GENERAL FUND—Total estimated expen STATE FARM LIFE INSURANCE | Capital stock paid un Surplus over Liab. 3.000,000 00 INCOME FOR 1943 43,500.00 21,750.00 21,750.00 COMPANY 40,044.67 28,683.92 19,111.95 ses for the year ............................ 1 200 non on 19,4 13,382.79 P lio" holders Surplus of Bloomington in the State of Illi- Premiums received 837.624.36 j Total 12420750 BOND INTEREST * SINKING FUND nois on December 31st. 1943, made to‘nt. divids. A rents 1943 BUSINESS IN OREGON 319.789.16 I Debt Service: the Insurance Commissioner of the From other sources 1. Principal on bonds (include nego tiable interest-bearing warrants is 2,000.00 2,000.00 sued under sec. 111-1016, O.C.L.A.) 1,040.00 1,040.00 2. Interest on bonds ....... 3,040.00 3,220.00 3. Total Schedule III—Debt Service .... — 3,040.00 3.245.00 ■ ■■■■■ ■■ ■ ■ . . ...... ■ ■ 1 - I — SCM.MARY OF ESTIMATES OF EXPENDITURES. RECEIPTS AND AV AITARLE CASH BALANCES. AND TAX LEVIES Bond Total All General Estimation of Tax Interest & Funds F und Sinking Fund $46,540.00 $43,500.00 Total estimated expenditures $3,040.00 DEDUCT: Total estimated receipts and avail 19,875.99 19,875.99 able cash balances Amount necessary to balance the 26.664.01 23,624.01 3,040.00 budget ................ ...... 26,664.01 23.624.01 3.040.00 Balance to be raised by taxation YOUR PROTECTION is our JOB! Notice of School Meeting gwu"lol"‘od" in Hermiston! Why defer the pleasures and benefits of home ownership when F.H. A. makes it so They Are easy to attain? The rent money you have paid out in the last five years would have Selling Fast! given you a substantial equity in a fine home of your own . . . paid for on the easy in stallment plan. Investigate the F.H.A. plan See Them in connection with the purchase of a new home from Interstate Homes, Inc., in Her Today! miston. A small down payment will do it. TOTAL ESTIMATED TAX LEV IES FOR FISCAL YEAR 26,664.01 23,624.01 Analysis of estimated tax levies: Amount inside of 6% limitation Amount outside 6% limitation 26,664.01 23,624.01 3,040.00 3.040.00 Indebtedness 1. Amount of bonded indebtedness (include all negotiable interest-bearing warrants issued under section 111-1016. O.C.L.A.* 2. Amount of warrant indebtedness on warrants issued and endorsed “not paid for want of funds" ................................................................. 3. Amount of other indebtedness 4. Total Indebtedness .................................................... $24,000.00 none none 824,000.00 Dated this 12th day of June. 1944. R. A. BROWNSON. HENRY SOMMERER. Signed: District Clerk. Chairman. Board of Directors. Approved by Budget«Committee June 12. 1944. Signed: A. H. NORTON. HENRY SOMMERER, Secretary. Budget Committee. Chairman. Budget Committee. Elmer Fritzke, Hermiston Hotel (June 15-22)