Medford mail tribune. (Medford, Or.) 1909-1989, May 24, 1955, Image 7

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    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
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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
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