THURSDAY, 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)