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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 24, 1955)
Sam Rayburn Biggest (Democratic Thorn For AdlmnBiiDstiratDon on 84th Congress By LYLE C. WILSON United Press Correspondent k Washington (U.R) Speaker Sam Rayburn of Texas, now well beyond the classical three score and ten years, is the talk-it-up guy of the Demo cratic offen sive team in this Congress. The spark plug will be 74 years old next January. Mr. Sam is Lyle C. Wilson how he is ad dressed, mostly, but Mr. Demo crat would be more fitting. Ray burn is the man who has been setting the bear trap for Presi dent Eisenhower in the 84th Congress. He hasn't caught the IEGAL NOTICES SYNOPSIS OF ANNUAL STATEMENT Tor the year ended December 31. 1954 Of the NEW YORK UNDERWRITERS INSURANCE COMPANY or New York, in the State of New "York, made to the Insurance Com missioner of the State of Oregon, pursuant to law: Admitted Assets Bonds S 7.100.758.75 Stocks 8.199.254.67 Mortgage loans on real estate 7.150.00 Real estate None Cash and hank deposits.. 1.371.529.27 Agents' balances m un collected premiums .... 1.606.068.27 Interest, dividends and real estate income due and accrued 43.526.49 Other assets 1.890.659.43 Total admitted assets..S20.218.946.88 Liabilities, Surplus and Other Funds Losses S 1.396.376.02 Loss adjustment exoenses 148.778.99 Unearned premiums 6.123,090.59 All other liabilities 1.108.764.77 ex- ..$ 8.777.010.37 Total liabilities, cept capital ... Capital paid up .$2,000,000.00 Special sur plus funds Voluntary Reserve .... 400.000.00 U n assigned funds (sur plus) 9.041,936.51 ' Surplus as regards pol icyholders $11,441,936.51 Total $20,218,946.88 Statement of Income . Premiums earned - $ 5.854.422.37 Losses incurred $ 3.145.462.78 Loss expenses incurred.. 291.618.54 Other underwriting ex penses incurred 2.574.728.72 Total underwriting de ductions 6.011.810.04 Net underwriting gain or loss 157.387.67 Investment income 862.749.56 Other Income 373.31 Total, before federal in come taxes 404,988.58 Federal income taxes in cured 27.716.66 Net income ' $ 377.271.92 Dividends to stockhold ers $ 200.000.00 Dividends to policyhold ers None Capital changes (net).... None Other items affecting urplus (net) 1.169.070.76 Total capital and sur plus items (net) $ . 969.070.76 Increase in surplus as regards policyholders S 1.346.342.68 Business in Oregon for the Year Net premiums received $200,203.51 Net losses paid 143.604.12 Dividends paid or credited to policyholders None Principal office in Oregon, 518 Board of Trade Building. Portland 4. Pacific Coast Department J. L. Biglen and J. R. Curran Man agers. 301 California Street. San Fran cisco 26. California. (Vodka in orange juice) m Hi HA It leaves you breathless m mirnoff tCe miriest name "VODKA AO proof . Midef rem 1 00 grain neutral spirit. Sre. Pierre Smirnoff Fls.Inc..Hirtford. Conn. President yet, but Mr. Eisen hower has had to be alert and nimble to escape some of Ray burn's deadfalls. The speaker led off with his own special project when the session began. It was to ram through a Democratic tax reduc tion right now, whereas the Re publicans were planning to toss the bait to the voters r.ext year just before the presidential cam pa i g n. Rayburn's bill got through the House, was licked in the Senate. But the Demo cratic party is on record as having tried. That began the development of the Democratic Party's domes tic legislative program aimed at next year's political campaign. It was Rayburn's strategy, largely, that Democrats in con trol of the 84th Congress should come up with a program of their own rather than merely voting down or amending the legisla tive measures submitted by the Eisenhower administration. Democratic bills have come hard, fast and, often, by surprise, present Congress. like bullets. That's the way Ray- The Democrats have not yet burn fights. He was a real actor in passing the high and rigid farm support bill through the House at this session. The Senate probably will not take it. But Senate Democrats partici pate in party strategy. They are giving the administration's road building bill a hard time this week. A Senate committee al ready has rejected Mr. Eisen hower's ideas on road building finance. Senate Democrats hope to get a vote Wednesday on their own substitute. Last week end Rayburn's forces in the. House popped up with a surprise Social Security program, increasing benefits for women, widows and disabled persons. The Republicans made some narrowed changes in So cial Security in the 83rd Con gress. It was nothing comparable to that now proposed by House Democrats as part of the Ray burn plan to make a party rec ord of domestic policies in the Scholarships Awarded At Talent High School Talent Four scholarships were awarded Talent High school seniors in an awards assembly today. Jay Wood and Dale Walter re ceived one year tuition scholar ships at' Southern Oregon col lege, and George Zickefoose re ceived a full tuition scholarship to Nampa, Idaho, college. Irene Johnson, Talent's ' outstanding senior award winner, received a University of Oregon Mothers scholarship. In National Contest Gordon Thoreson and Maxine Johnson won first and second places in shorthand in the na tional commercial contest among first year students Valerie Car men was second nationally among second year students, Bonnie Leeper was fourth and Joanne Seaver was sixth. More than 6,000 students from 250 schools and 42 states! com peted in the national contest. Talent has entered the contest the past eight years and had placed nationally five times. Other awards were: All school awards, undergrad uate scholarship, Maxine John son; activities,' Ray Weinhold; citizenship, Dorothy Long; grad uate scholarship, Susan Barnes; activities, George Zickefoose; citizenship, Don Coghill. Drama, girls undergraduate, Maudalene Marshall; boys, Rus sell Lindner; girls graduate, Dor een Burnette; boys, George Zick efoose. Journalism Awards . Journalism, THS undergradu ate, Christene Knudsen; THS graduate, Susan Barnes; Univer- Judge To Decide On Fong Retrial Portland (U.R) Circuit Judge Alfred P. Dobson said to day he would decide in a few days whether Wey Him and Sherry Fong should be given a new trial. The Fongs were convicted last month of first degree murder of 16-year-old Diane Hank and face life imprisonment. Defense Attorney Irvin Good man argued for a new trial be fore the judge yesterday, charg ing the case was "steeped in politics" and that there was in sufficient evidence. He also showed an affidavit from a juror who said he believed some jur ors had made up their minds how to vote before going into the jury room. It takes a ship 15 hours to sail through the Suez Canal, between the Mediterranean and Red Seas. When the Canal was opened, in 1869, the same journey required 48 hours. sity of Oregon Eric Allen under graduate, Kent Hawley, Pris cilla Welch, William Grant; Eric Allen graduate, Susan Barnes, Irene Johnson; University of Oregon George Turnbull under graduate, Maxine Johnson, Christene Knudsen; George Turnbull graduate, Marie Ross, George Zickefoose. Among other awards were: Chess award, Leon Pittman; competitive speech, Ethel Cul ver, Russell Lindner; perfect at tendance, Beverly Murray Jo anne Seaver; outstanding com mercial student, Bonnie Leeper; girls league, Irene Johnson; DAR Katherine .Long; Danforth award George Zickefoose, Irene John son. Awards also were given cheer leaders, Hi -Life staff, and D'Anjou staff. LEGAL NOTICES Synopsis of Annual Statement For the year ended December 31. 1954 Of the SAINT PAUL-MERCURY INDEMNITY COMPANY of Saint Paul, in the State ot Minne sota, made to the Insurance Commis sioner of the State of Oregon, pursuant to law: ADMITTED ASSETS Bonds $56,887,743.77 Stocks 13.098,402.00 Mortgage loans on real estate 0 Real estate, less S 0 en cumbrances - 0 Cash and bank deposits 2.404.613.77 Agents' balances or un collected premiums .... 8.023.729.92 Interest, dividends and real estate income due and accrued 567.773.14 Other assets . 594,185.06 Total admitted assets $81,576,447.66 LIABILITIES. SURPLUS AND OTHER FUNDS Losses . ....$28,681,200.93 Loss adjustment expenses 4.302,518.61 Unearned premiums ..... 23.878,246.23 All other liabilities 5.721.180.84 - Total liabilities, except capital $62,588,147.61 Capital paid up $ 3,000,000.00 Special sue- plus fund, .0 U n assigned funds (sur plus) 15.993.300.05 Surplus as regards pol icyholders $18,993,300.05 1 Total .'. $81,576,447.66 STATEMENT OF INCOME ' Premiums earned $43,900,844.02 Losses incurred . $18,928,545.76 Loss expenses incurred.. 4,330.101.43 Other underwriting ex penses incurred 16.704,374.85 Total underwriting de ductions 39.963.022.04 Net underwriting gain or loss Investment income Other income Total, before federal in come taxes 3.937,821 98 2.259.894.94 40.924.14 Federal income taxes in curred Net income Dividends to stock holders 6.156,792.78 2.019.811.88 4.136.980.90 ..$ 600.000.00 Dividends to policy' holders .. 0 Capital changes (net) 958.557.16 Total capital and sur plus items (net) 358,557.16 Increase in surplus as regards policyholders .. 4.495,538.06 BUSINESS IN OREGON FOR THE YEAR Net premiums received 912,170.78 Net losses paid 317.239.49 Dividends paid or credit ed to policyholders .... . 0 Principal office in Oregon: 1012 Fail ing Building. Portland 4. Oregon Robinson. Potter & Shepherd V. S. National Bank BIdg. Medford. Oregon Smartest, Lowest-Priced By Far! 1955 Cross Country with flashing mw Spring c SEE YOUR JiadL DEALER FOR AIR CONDITIONED SEDANS AND STATION WAGONS FOR HUNDREDS OF DOLLARS LESS THAN OTHERS ARE CHARGING! See something absolutely new in two-tone styling in the dashing new Rambler Cross Country, America's lowest-priced 4-door station wagon. Test drive a Rambler, miles-a-gallon champ of the 1955 Mobilgas Economy Run 27.47 m.p.g. with Hydra-Matic Drive. AS LOW AS AIR CONDITIONED ftoivarad at factory. Hamblar Dthna Mtoor SJn incSdlni all FaMal tana. Optional awa vmnt ttata and local Uxaa. if any. nM. moved to legislate generally on the angry waterpower front. But a subcommittee of the House Government Operations Com mittee is making a record for campaign purposes. It is making of itself a sounding board before which Roosevelt and Truman ad ministration officials may ap pear to analyze and condemn Eisenhower administration pub lic power policies. And there is, of course, the dispute over the Dixon-Yates contract to provide power for the Atomic Energy Commission. Skillful Democratic propa ganda made it necessary last week for the White House to an nounce that TV A was here to stay that Mr. Eisenhower was not planning to abolish it. The Democrats hope to win next year's election on antici pated Republican mistakes and the Democratic congressional record. Insofar as the party's record pulls votes in 1956, Demo cratic candidates will owe con siderable gratitude to Mr. Sam, the political maestro. SURROZ NASH Fifth & Bartlett-Medford 2-6185 0 Hy Folks! Tum in Disneyland an ABC-TV. Sa TV listings for Timt and Channel. Action Promised On Minimum Wage Washington (U.R) House and Senate Republican leaders promised new efforts today to speed congressional action on the administration's minimum wage bill. They made the promise as the House Labor committee sched uled what some members called a showdown on minimum wages and federal aid to school con struction. The administration wants the minimum wage boosted from 75 to 90 cents an hour. House Re publican Leader Joseph W. Mar tin Jr. said Labor Secretary James P. Mitchell expressed con cern at today's White House leg islative conference because Con gress had not acted on the mea sure. Martin said he and Senate Re publican Leader William F. Knowland promised to try to expedite the bill. The House Labor committee showdown was scheduled for a closed session after the wind up of extensive public hearings on President Eisenhower s recom mendations for federal school construction aid. Tuetday, May 24, 1955 MEDFORD (OREGON) MAIL TRIBUNE SEVEN Approval Hoped For Military Bill Washington (U.R) House Rerjublican Leader Joseph W. Martin Jr., of Massachusetts said today he is still hopeful that the House will pass President Eis enhower's military reserve bill. . The measure was pigeonholed indefinilely last week after a floor battle in which foes of the bill joined forces with a civil rights bloc to write in an anti segregation amendment. This made the bill unacceptable to Southern Democrats who had previously been a main source of its support. Although it has been widely believed that the bill now stands little chance of getting through the House this year, Martin ex pressed optimism after the week ly White House legislative con ference of GOP congressional leaders with President Eisenhow er. "I still think we can make some arrangement that will make it possible for the House to pass the bill in a week or two," he told reporters. Hartf or d, S. D. (U.R) Twenty-six-year-old Frank Manges pulled a needle out of his leg while working for a box company here. The needle had been there 22 years since a child hood accident. Chamberlain, S.D.-U.R) Art Priebe, a retired farmer, has made a violin out of an old threshing machine. Priebe con structed the instrument out of fine maple and spruce wood found in an old-time Rufnley Ad vance threshing machine. Summer ORCHESTRA OR Rent A Muscial Instrument Month and up Rent to apply on purchase. Private - instructor available at the Purucker Piano House in con junction with your summer orchestra and band program. Please Inquire at Purucker Piano House HI No. Central Ave. Phone 2-5702 AT THIS "BWM 0 EflffiT&a CTISBC Light Condiment Set MONARCH'S "Side Heat" Surface oven. It bakes, cooks, makes complete meals at 13 the cost. Super Speed Surface. All over heat units. ft Automatic 'Timer and Clock. MONARCH'S Floating Heat oven. World's eas iest oven to clean. 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