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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 13, 1930)
"J'AflK MU11T H- i - ' w MKDKORI) MAIL TRIBUNE, MEDFORD. Insure NOW! You Can't Afford to Put It g SV OREGON, TUESDAY, MAY VI VJ-w. ----- 1 J a. " 1J ' I n II Why You Will Profit by Voting YES -Vofe to 5 ISie Coismty ostam Couiirl! "SlutJI a New County Court House lie .constructed in Medford, Jackson County, Oregon, using for st.' eli )ur)osc not more than .f2()(),()00 from the funds on-linnd and deceived by said County from the JJnitqd States Government under an Act of. Congress dated July 13, 1926." 300 Yes. I vote for the construction o f a New Court House. 301 IJj No. I vote against the construction of a New Court House. 300 jACKSON COUNTY NOW HAS $260,000 SET aside for the purpose of construc ting this new court house at Medford. The construction of the'court house will not cost you a penny in taxes if the court ' house is builf'while this fund is available, whereas 'i-'-- ' ' ? P 1 i 4 . r 1 ;t. If construction were to be postponed and the court house fund used for other pur poses, taxes would have to be levied and the construction would have to be paid for out of your.pocket. , ,. M1 , , ' .' The expenditure of this $200,000,. yil liotu any yay retard the lU'ogress of th5 coujity-r-the proper construction of highways, the redemption of bonds when they become available. nor. in any way hamper the county in its regular- governmental if uuctious. , ( ... Medford will furnish the present building free of rent for the use of the ;ountv government of ; fices for ONLY FIVE YEAKS whicji.vi. exph-e J-ul.v j.p32.,. ,Th.ercer,..tfcc. comity. be justly obligated to pay rent to the City of Medford on 'the' building and, since, ' The ebniity is .now getting oidy, 2 'per cent inter est on tbjq , $260,000 . f uwd,; the Charge ' for rental after the expiration of the five years free rental would very; likely be more than the interest de- rived from the $260,000. , . ' , ', ' . The building now used is not adequate for the county's needs and the, .county, is now renting out side offices for county officials at a cost of $140 a inontji, Eiu'tlierinorc ijt is not the, type , of 'building that should be tlie home ofttlic,couuty..governuic'yt,(' ' If the expenditure of the $260,000 fund by the county court is approved by the voters of JacK son County at the May Kith election this approval being necessary according to law 'oi-' ' at met ion .on the, new court house., cannot be started until J,uly., 19:51, which will not giv; any more .time than necessary, for. the .completion of the, new, court house before the 5-year free rental period expires. i If the expenditure of this fund were not approved by the voters at the May 16th election, the . countv court might feel .obligated to use this fund foV'bthtfruirposos instead of allowing .'it to remain idlc.' v - " ; ' ' -& " -vJ p- ii ?. ; -! This would later make it necessary to levy taxes on all property for a special fund to construct a new court house, and also levy taxes and pay rent to the City of Med ford during the interim after July, 1932. 1 "; The county court already has tentative, plans arranged for the construction of a modern new court house with the $2(50,000 which was made available from. -tlui O &.C jind (iruut Refunds.' 7. QAA YES I vote for the construction V Oie OUU of a NEW COURT HOUSE Comity Court to Select Site C AVhen the City of Medford agreed to furnish the building for the countv court house, free of rental. for live years, Medford also agreed that selection of the site would be left to the Jackson County Court. The members of this honorable court, after months of very careful investigation and studv, se lected the site known as the Washington school house block in Medford. Th'usJvto eariy out ,1 ho mei.itn.d to. support the county .court; in its' efforts to give Jackson I ounly a court house of which all .of us may bo proud, it is-ntgotf-that " ?' '-.- r You Vote for the S'ite 'Officially Designated ' by the County Court 302 ' Yes. I vote for the Washington School Site. Court House Fund and Siu Conmuttee Paid Adv. TORY. OF HE . INSURANCE FOR OREGON IS TOLD lly tvn V. Reynold, Special A pent Commercial Union Assurance Company,. Portland. About 2,200 persons are enRagcd In writing Mock lire insurance for tho protection of p'roperty owners in Oregon. Counting -each person as representing a family, relatives or dependents to the .number of five, we have approximately 11, 000 pcraorm directly or indirectly concerned in this great industry, exclusive of the thousands whose properties are covered by the in surance written. The number of agents recorded does not mean an equal number of agencie operating in this state. Generally the entire personnel of an insurance agency is licensed to perform the duties of agent. The companies represented by this group pay into the state treas ury, in ordinary and-special taxes, about $175,000 a year. That amount Is far In excess of the requirements of the state insurance department, for whoso support the insurance business is heavily taxed, the re mainder being disbursed In other ways by the state and thus reliev ing tho tax load to that extent. As for tho amount at risk by tho 234 stock fire Insurance companies transacting business in Oregon, this Is around (1,050.000,000.00. This means that if every policy in force were to become payable, a -condition which of course could not hap pen, the companion would be liable for that vast amount of money. It means $1,050,000,000.00 of cover ago, provided by these companies to the property owners of the state and serving as f basis of credit and commercial activity of the brofidcastc haracter. For the United States' the total exceeds 150 billion dollars for 239 stock com panies. In writing this business In Ore gon, the stock companion collect something like SO. 135,000.00 In a year in premiums. Of this, ex penses and losses must bo paid and a certain amount net aside as a re-servo to guarantee the payment Of claims that come lue. The fig ures which I have given apply to fire Insurance only, nnd have noth ing to do with tho windstorm and other forms of insurance written by the stock companies. The industry has n creditable his tory in Oregon. The first stock company to write business In the state was the. Pacific Insurance, company of California, formed about 1865, now out of existence. The fi st company organized In the state Wi's the Oregon ,Piro and Ma rine Intiuraiice company, articles for Its Incorporation having been filed by "VV. S. Ladd, M. S. Burrell. Henry Falling, L. White, Chan. Hodge. C. H. lewls, "William Held. M. W. Fechhcimer nnd Frank lc kum, in 1881. This company re tired from business a few years later. During the succeeding years nu merous companies began business under the laws of tho state. A few oj.' these were domestic companies, but a majority of them were com panies organized in other states doing a nationwide or a worldwide business. ' 4 Tho University of Kentucky will erect two additional buildings this fuMimer tit a cost of $3n.nnn. WHEN YOU CONTEMPLATE BUYING Insurance OR Real Estate SEE THE Tengwald" OFFICE It offers a most courteous and thorough Insurance and Real Estate Service. . t-- : It v t ' HOTEL HOLLAND BLDG. Phone 993 Charles R. i Ray Realtor - REPRESENTING The Travelers ' Life, Health and Accident . Insurance Co'.'s New Hampshire Underwrit ers of the New.. Hampshire Fire Insurance Co, Room 203 Medford Center Building Phone 302 Insurance First Insurance Agency A. L. HILL, Manngor Phone 105 30 N. Central Medford, Oregon Brown & White Agency, Inc. J. C. COLLINS, Mgr. ALL FORM8 OF Fire Insurance Automobilo Insurance Livestock Insurance Hotel Holland Bloek ' Phona 130 Earl S Tumy General Insurance Service 309-310 Liberty 'Bldg. Phone 402 Medford, Ore. J. W. Wakefield General Insurance Since 1908, Good aa the Beit Better grn the Reat 107 E. Main St. Phone 17-R Insure in Sure Insurance We wroite every kind of insurance in old and trfed . o companies CHARLES A. WING AGENCY, Inc. 181?. Front Phone 728 Fire Insurance Stabilizes Credit Without fireinsuraiice, Credit the medium and means of bnsinessaexpansion would be almost wholly curtailed. Through the credit system, with the security afforded by fire insurance, loans are made to aid in build ing homes, mercantile and manufacturing establishments, and general commercial development. Insurance is indispensable to sound credit, Without fire insurance bankers, real estate men, contractors, building 'and loan organizations, and others who grant credit .i ' i j j on luiurc ucvciufjuicuio nuuiu uuunuesg if consider the risks to be taken in making 'k loans too hazardous to contemplate. , Stimulates All Activities Without fire insurance "modern business,1 great cities, gigantic construction project, large production, new sub-divisions to take the cities' overflow, would not have been possible.-' - -- . finance and insurance work together id promoting and encouraging the Nation's building activities and in support of the manufacture and distribution of goods, thus assuring continuous and increasing oppor tunities for employment to workers in all fields. ' ::;; n vc n u In the development and support of our great structure of credit, Stock Fire Insur ance as written by the 239 compares constituting the National Board of Fire Underwriters has carried, and will con tinue to carry, the major load of the under lying responsibility at a price which on the average has constantly declined for more than twenty years. , ' v THE NATIONAL BOARD OF FIRE UNDERWRITERS 85 John Street, Now York A 'NATIONAL ORGANIZATION OK" STOCK FIRE INSURANCE COMPANIES ESTABLISHED IN 1866 '(If;': PA-14olme5 0 INSURANCE WjEngV SINCE '90S Phoue 414 Jackaou Canity1 Bai$) Bldg. O O
