Medford mail tribune. (Medford, Or.) 1909-1989, June 23, 1959, Image 6

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Medford mail tribune., June 23, 1959, Image 6

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Newspaper Page TextChicago's Role in Political Conventions Started in 1860 Editor' note: Folio win r is the second or two articles aeaunc wits titles which will host the 1960 po litical conventions. Chicago (CPD-Back in 1860, . a group of local Republicans joined forces to raise $7,000 and some loose lumber. They slapped together a hall called "The Wigwam" and held their first national convention, com plete with small brass band. Out of it came the nomina tion of Abraham Lincoln, much ballyhoo, and the start of Chicago's role as the na tion's number one center for political conventions. . Next year, a century later, the Republican will be back again. On July 25, 1960, Chi- s cagoans will begin serving as hosts to their 39th political convention, more than any other city has held. . To Chicago, the whole thing txopsis or .vxr-L bt atkmtnt I ' JfX and i PlcMt 31. ISM Of Um OCCIDENTAL LIFE INSURANCE COMPANY OF CALIFORNIA f Im Anielea. la the But ef California. nde tka Inatm-e. CeaialaeKner at tha BtaU tt Onega, (ana ta la' : ASSETS SJT5.S14.41f. 11 . 2.2.WS.a . 1M.K4.1S1.1S . l.574.-44.0 . J1.750.S1 4. Mental, loaoa an taal auta Two ban. and -remit ; ca and bank depoll ... Pr -laeaa do and deferra. (Ufa and -eel-eot and be-lUil Isle real and atber lnveat-ie-. - Inesm d'je and accrued Other aims Tatal wMi 3S.MS.SSt.TT 4.4S1.S8S.TS l.24.3I.I. .tSM.153.789.S3 LIABILITIES. 8URPLU8 AND OTHER FUNDS far Hfa and accident and aaaila policies S47S.iS3.lTS.TS Poller and contract claims 29.111.153 M All ether llblliU.ee. .M1.M1.M Total HabllltiM. extent rwlul 39...15,94.1Q Cacrttai pald-DO J5.(W0.0O0.0. RDaeial turplua funds 1T.0M.154.77 -VnatsUiMd eurplue S3.I01.64IU Sutniua aa resarda poUcyboldcn SS,13T.TS4.fS Ttal 153,78-. W --ART OF OPERATIONS (JrVeraal Basis) yraailaaaa and aaoulty aacsidcra- S2W.TSS.T7S.73 -etera-- Btraeu far SQnpkaaantarj Wat -met t Oeher taona item a Taaal- -, Palter beoeflu Parmar-. on nipple:-en tary eon- tracta. dividend ce- ag. aad lataraat l-cr-af- la elaloi aad ceneral J51.W.3S Z2.0J1.UI4.72 6,925.5.M T4J.M7.e79.38 S131.SS,S.S tnaaranea axpaosea aad tsxa viner oners Line detraeuw -nsidaexki ta potlc Total ..0-4.-Tt.64 48.477.107.M MJ7S.SM.4S 403.T84.IS 1.86S.845.15 . tiija.9ts.n Nat rain froaa nnmtjaM s 1 r ?. 24 ZtTkle la Itoekh-ldera $ 17.S00.000.M Other 1 tenia afTectlnc aarplaa and aa .laa funds (net) T.M1.M ST Total ...1S.1MU3 reee la Btrrpbu an apadal . aomlaa funds 1.S0T.M1.J3 BUSINESS IN OREGON FOR THE YEAN . Greea premiums 'and annuity eon- ; elder .tana caUactad dnrinc tha M-r 1 l.ns.SST.H airUSmtit paid or credited to tniterhol-era dtrrln. tha year , ' '. tT.IM.4 Qaasi benefit, and chime, aodow-. . -Ma. aorrenderi, and axraoitles aid -orin tba year 4 UMS T jnndpel ofTlr. la Orecen: 409 erlea Bank Baildlnc. Portland. William Caldwell, General Agent . Bropny Boil ding, Medford, Oregon has turned out to be big busi ness. And the big business as people. Last year alone, nearly 1,100,000 persons came to Chi cago to attend 1,071 registered conventions. This figure does n't include tourists and visi tors. Adds Up To PeopU The best convention year in Chicago's history was 1933 when drawn in part by the World's Fair, nearly 1,600,000 persons arrived for 1,527 meetings. This adds up to peo ple and money, too. The Chicago Convention Bureau estimates an average conven tion delegate spends $160 dur ing a four-day stay, for a to tal annual take of more than $160 million. Of that total, conventioners spend approxi mately $35 million in retail stores alone. "That's just the past,"- says Robert E. Johnson, Conven tion Bureau president. "The future looks even brighter. We're building a new conven tion and exposition center, new hotels and an airport des tined ta be one of the jet world's most modern." In addition, the city is serv ed by 23 major passenger rail road lines and 16 major pas senger airlines. Yet, it was only 136 years ago that the area now known as Chicago - Indians said the word means "Land of Smelly Onions" - had as its total property tax a mere $11.42. Landed Both Conventions As for conventions, starting with 1884, Chicago has man aged to land at least one polit ical convention each time around. It won both conven tions of Republicans and Dem ocrats in 1884, 1932 and 1952, In all, counting next year, the city has welcomed Republi cans 14 times, Democrats nine times and assorted other par ties 16 times. Thirteen Chica- g o - n ominated presidential candidates seven Republi cans and six Democrats-have been winners put of the 38 nominee total. In order to make sure the conventions keep coming, the city is building a three-block-long, $34-million : Exposition Center that will seat 21,000 persons,, have built-in coaxial cables for TV and will over look Lake Michigan. This hall is scheduled for completion next year but Re publicans aren't taking any chances. They've decided to hold their meeting at the In ternational Amphitheatre, one of the world's largest private indoor arenas, which seats 13,- 500. In its bid to land at least one of the major political con ventions in 1960, Chicago of fered -6th parties everything but the kitchen sink. And, in a way, there was some provi sion for that, too. Campaign Promises According to the official proposal, later improved up on, the city is on record as having made the following campaign promises to the Re publicans: -2,423 available air-conditioned hotel suites near con vention headquarters. -A - multiple switchboard with 23 working positions at headquarters. -Parking facilities for more than 7,000 cars. -Free janitor service at the convention. (There's your sink.) A car manufacturer will provide cars and drivers for delegates who need transpor tation. -Agreement to publish a convention program and help in obtaining advertisements for the program. The GOP convention will not be the biggest gathering the city will have in 1960. The International Machine Tool Builders, 105,000-strong, start arriving six weeks after the Republicans leave. "The tool men need a month to set up their exhibits," saidH Bob Baron, a Convention Bu reau official. "That's why we told the Republicans they'd have to meet in July. "The Republicans probably will bring in about 2,000 per sons," he added. "But conven tion money doesn't necessar ily come from political ' con ventions. They just bring that precious Ingredient known as prestige." The first Catholic Mass in the United States was said in St. Augustine, Fla., in 1513. 6 MAIL TRIBUNE, Me.for., Or. Tuesday, June 23, 1959 3 'rvT! - i . LAST VETERAN Walter Washington Williams, last surviving, veteran of the Civil War, is fighting for his Life in ; an oxygen . tent : at Houston, Tex. Williams, 116 years old, contracted pneu monia two weeks ago. (File Photo) Laundromat Feature In Evening Post Medford is due for some na tional attention when the June 27 issue of The Saturday Evening Post hits the news stands. A color picture of the in terior of the Big Y Laundro mat on the north edge of town spreads itself across two pag es of the magazine. Text identifies the scene. Pictured are four housewives and six children. It is part of the magazine's "The Face of America" series. ; Rocket-powered sleds mounted on tracks and weigh ing seven tohs are capable of going up to .1,700 miles an hour. The sleds are used to test the reaction of humans, aircraft and missile parts to sudden acceleration, decelera tion and wind blast. Iowa is the nation's leading popcorn producer. Last year, it produced 57,350,000 pounds of popcorn. YNOPSrS OF ANNUAL . STATEMENT M lor the year ended December 31, 1958, of the I UNITED STATES FIRE . f lulNrP COMPANY ft 110 William Street, New York 38. tt. . Y.. in the State of New. York, made to the Insurance Commissioner p the State of Oregon, pursuant to anuiTTFn assets' bonds $ MXW.9W.05 frocks , 4748.122.00 eMorrgafM loane an raw . estate .. I BmI axtarei. Imi Sfl era. L cumbrances , to0.77t.i9 Cash and bank deposits J30.477.M fegents balances or no- , collected premiums ... 7t3M50.85 Interest, dividends and . ! w w and arrruad T4.3SS.7n her assets : ,-7,as. SYNOPSIS OF ANNUAL STATEMENT for the year ended December 31, IKS, of the EAGLE STAR INSURANCE COMPANY of Great Britain, U. S. Branch, in the State of New York, made to the Insurance Commissioner of the State of Oregon, pursuant to law: ADMITTED ASSETS Bonds S 357.12.3S Stocks i)J018.00 norrgasv leans en real esraie ; Real estate, less $0 en cumbrances 0 Cash and bank deposits., . 3C388.25 Agenrr -a lances or uncof- lecrea premiums eaTii Interest, dividends and real estate income nua rwf nirri rl 4a e11 e1 tother assets 44,722.43 Total admitted assets.. .13068 JOS. 72 I IABIII ITIPC 1 IDPI I IS AND OTHER FUNDS tosses 16.400,001.00 s m wtntient ex penses - 1372,9W.OO Unearned premiums 4443,75..g2 other liabilities . .a5.220.-7 Total admitted assets. S10,1250.4 LIABILITIES, SURPLUS AND OTHER FUNDS Losses $ 1498,2-5.37 Loss adiustment ex- ... penses --? 1S,27.4 Unearned premiums i.730l-.- All other liabilities 173439.31 Total liabilities, except t capital -51.9ffl.-9 spiral paid up 6joo.ooo.oo t Special surplus funds.. 4,212,138.77 Inassigned funds (sur- plus) . 71,204-6.5. urplus as - regards pot j acyholders .... 1 ,71 4,543.-3 , Total L: SI 50 ,0-8 ,508. 72 STATEMENT OF INCOME Premiums earned 53J45.0o1.71 Losses incurred - 27,723,989. A3 Loss expenses incurred" 3,436,125.97 (Dther underwriting ex i penses incurred . 22,590,532.78 Total underwriting de- L auctions 53,749,648.3? peer unaerwririns gam or i toss investment Dther income Eotal. before federal in come taxes . ederal income taxes in curred , . Net income Dividends to stockhold er- Tot-I liabilities, except rJt,. cap tat 1 S-UnL-1 Caoital e-akl ua. ttijrnrv deposit i 5004)00.00 special surplus funds Unassigned funds (sur ohrs) .1S.133L3 Surplus as leaaids poTicv- noiaers 4e-,ix(- Total J. $10,129,650.94 STATEMENT OE INCOME Premiums earned 3,192,153.72 Losses incurred ... 2,ng7,nii.z- Loss expenses incurred 2z.v97.7 Other underwritina ex penses tncurrea i,im&3.i 204.646.67 3,9344)7).13 33JI14.04 J,7633.70 i?S ,990. J5 J,V41 -248.45 -?.iceioo.-c Dividends to poTicyhold- . ers T .; ."' ' Capital changes (net) ;,. . -Other items affecting surplus (net) - I5j76.n3.59 . Total capital and sot- . plus items (net).... 13,476.71 3 J9 Incraase In -urnlua M regards policyholders. 16,617,962.04 BUSINESS IN OREGON FOR THE YEAR Pirect premiums received 54,726.78 Direct losses paid S5,rO0r9 Divioenos paid or erea- i ited to policyholders . ( Princioal otfice in Orponri- leraia pRepresents ditference between values irarrtea in assets and values Dasea on pecamijer 31, 1958. market quotations. GLENS FALLS INSURANCE CO. asf Glens Falls, in the State of New York, made to the Insurance Commis sioner or me state of Oregon, pur suant to law: ADMITTED ASSETS 3 86,227,177.46 .. 03,HZ79 Bonds Stocks Mortgaeie loans on real estate Real estate, less SO encumbrances Cash and bank deposits. Agents' balances or un collected premiums Interest, dividends and . real estate income due and accrued Dther assets 1.050.612.28 7-o6.700.73 9.791.386.43 22,5f1.36 Total admitted assets $165,020,123.46 LIABILITIES. SURPLUS AND OTHER FUNDS Losses S 37.939,650.83 Loss adiustmer-' ax- penses 5,219,064.00 Unearned premiums 58,263.977.30 . u omer uaoimies -. Tatal tlahllities. except i capital S10-.546J34.67 Capital paid up 4,500,000.00 Special surplus funds .. 26,706395.09 LnauionMl ftmrte. Inw- plus) -3,255,193.7- Burplus as regards pol- acyholders 5673J-8.79 Total $165X20,123.46 STATEMENT OB IMCOME aSremhjms earned Sl.107tf9.25 Losses incurred 41,773-11X36 loss expenses iricurrea .yau.yy pther underwriting ex penses incurred 3234,189.14 Tntl rrnrlsa(-rritra - t ductions S BMSPO. Net underwriting gain or . loss 1,17S71J4 Investment Income - 3.379.951 M Other income 11.951-3- rotal, before federal kv come taxes i . . . 2"3J31.16 Federal income taxes in- i curred .. 59.680.30 Net income 2,1-3,850.86 pividends to stoclhe- .ers - UOeXCO.OO . ajtvioenos so po-cync-o- ers - Capital changes (net)... ether he attecMa-a 7 surplus (net) WS. 8915 Total capital smd see plus items (net).. 9694015 Increase in surplus as regards policyholders. 11J23451 BUSINESS IN OREGON FOR THE YEAR rtlrart ru 'MTkiufna re- I r.iv 1.7B4.769J1 Direct kisses paid...-- 867X38.46 Dividends paid or cred ited, to policyholders 0 Frincipal office in Oregon: 225 S. W. oJ5U,f-1iM-. V Of toon. I Total Itahllttiea. eye-ot rrt t a M e i. aviiai paia lap joXJU,OUD.OO Special surplus, funds . 4J77J25J0 unassignea Tunas (sur- b k 4Ma en "i. rri - v,7,a-. Surplus as regards pot- scynoioei. S3457,O6O.S0 Total $43744.781.14 Premiums earned $ 54,059484.28 --m- mi im T,yiT,.v-.-2 Loss expenses .incurred 3,307 J62.12 vin-r unoerwrntng ex penses incurred 27 J31 ,881.76 Total iittdenafrltina ductions $ 3,470,471 .90 Net underwriting tain or .. loss 778 .3! 8.18 investment tnawnm 234.037.59 Other income 0 Total, before federal in come taxes -sly Federal income taxes in- . I curred ei,?7'.i- Net income 105J07.74 Dividends to stockholders o Dividends to policyholders - a Capital changes (net) .. Other Items afleetlna sur plus (net) 710 job. o Total capital and sur- otua items (net) 710J68.15 increase in surplus as re- Saras poucvnoiaers eo5,go.i BUSINESS IN OREGON FOR THE YEAR Direct premiums re ceived -- 57,806.21 Direct losses paid 0,297.I7 Divioenos paid or cred ited to rjol'ir-haldera O Principal office in Oregonr None. Total underwriting de durtinne a an Tee no m Net underwriting gain or losa i -oo mi tn vestment Jncome 24J60 ,30803 TotaT. -Ss-Wfi-sarii. eome taxes . 1957976 rwcuii. iir-offne i xes tn- -urracj SYNOPSIS OF ANNUAL STATEMENT for the year ended December 31, 19-8, ST. PAUL FIRE AND MARINE i INSURANCE COMPANY of St. Paul, in the State of Minne sota, .made to the Insurance Commis sioner ot me -rate or uregon. pur suant to law: ADMITTED ASSETS Bonds $134,972,991.48 Stncice 119.es4.-9 Mortgage wans on real estate Real estate, less $0 en cumbrances . Cash and bank deposits Agents' balances or un- cofiecrea premiums Interest, dividends and real estate income due and accrued Other assets 4,t31.17 10,16e,ST.f 21 JOS JM74S 1.50013.09 690.8-8.92 Total admitted assets $?99J1350.15 LIABILITIES. SURPLUS AND OTHER FUNDS Losses $52421431.25 Loss adjustment expen ses 6OT,7Va.3V Unearned premiums 84J99.276.36 All ether liabilities 13X38,069.07 Total Itahilltiea. except caoital $156J8.4TI.07 Capital paid up .. 25.583J6Z50 Special surplus fonds 16X00X00.00 unassigned tunas (sur nbKl ioi.nt 58 Surplus as regards pot- icvnoioers i43,?5v.oa Total . 299J1350.15 STATEMENT OF INCOME Premiums earned $135,111173.11 Losses incurred 6447,751.68 Loss expenses incurred.- 10.24810.12 Other underwriting ex penses incurred 4.t4,?6-4 Total undi en-rltk-a da. , ductions ;. $123X3.23 ner unoerwrnaig I loss investment ini Other income V30-S4.88 7T919,262.59 524.t5 9J96.91J.62 74,823.90 UM.72 Total, before fedeV.rin- come taxes Federal income taxes incurred , Net income Dividends to ate-h- ers 4.913XOJ0 Dfvidends to policyfcolQV - . ers 47.719.-3 capital cnanges tneri a Other Hems aflectina s-rasus ineti -ass, . Total capital and sur Pkrs Items (net). 22,926X06.75 increase in surplus as regards policyholders S.14MKUT7 -U5INbSS in OKt&ON FOR THE YEAR Direct premiums re ceived .- 232.96.06 Direct- losses, paid " 1,154X68.57 DivKKnas paid or cred hpd tn Dolkrvhsfdars 0 Principal office in Oregon: 231 S- E. ith Ave. pornans m, oregoa. SYNOPSIS OF ANNUAL STATEMENT for the year ended December 31, 1958, FIDELITY-PHENIX FIRE INSURANCE CriUPAMY Of New York, in the State n Ma, York, made to the Insurance Com- missi-ner or tne .tare or uregon, mir-uonr kj saw: ADMITTEIS ACT Bands a n.i- TM Stocks .. 333,274,606X0 mwisota -aar or raw estate Real estate, less IB en cumbrances Cash and hank deanerta Agents', balances or un co leered premiums Interest, dividends and real estate Income dua and accrued ltn- Other assets 5JOS ji;82 l2J19.i7l J077L48 Total admitted assets $437,844,7(1.14 LWOILI I IE., -UKPLU. Aur rvrtiEB enanc Losses $ 1545J,04.C: us- e-iuam-m expen ses - l.tll.BBBBB Unearned premiums 67,774,280.20 na omer iiaoilllies S,474V8.I4 Total admitted assets ..$4X70X69? LIABILITIES, SURPLUS AND ATUCD ci tunc Losses $ 476,439. Loss adiustment. expenses 23.384.0 All other liabilities . 350,737.31 Total liabilities, except capital SlX16.893.lt . - - . -- v. . a-ou.ar Losses incurred 455,944.2 I n . OVnonrn, Tn.-. on im Other underwriting ex penses incurred . 146,946.04 2,71,709.07 16,935,788.29 1X00X00.00 a Dividends to sf-ekhold-ers Dividends to policyhold ers Capital change (net)... wisr i j em 5 arrecrimi sur i oral capital and sur- B te ! mi 1 , i n , lire,, . 1 MU,. Inrreaea in atmliM . . rssaros poncynoioers 7tl,I7, BUSINESS IN OREGON . . v,. in I rv Direct premiums re- r,.l.----r m-fl Dividends paid or ered- itea to roiKnmotders . Principal office tn Oregon: Portland. Total underwriting de- Net underwriting gain 'or loss I nu.cfm.nl I, .. tother income Total, before federal in- rr-t 4avAc. Federal income taces Wi- turreo Hot ins-Am-. Divideiids to 'sfoho'lditn nSrlr--f4l 4a. e-evl:-.. l.tI-. Capital changes (net) wwr ijems anecTing sur- vneii j 153,352.79 SYNOPSIS Of ANNUAL for Hw ycr ended December Jl, mt. UNIVERSAL INSURANCE -iM B A l-r o uihw- SrT'V.., . -- ... ..um,,., i-wiisnip. i-l re State of New Jersey, made to the iii-u(e-e -ommissioner ot -fas State of Oregon, pursuant to law: ADMITTED ASSETS HfflH e t.i us .r StrVlr C it -,- mm estate a Realestate, less SO en- a-i!,, ." -tePOSits'r 1J97-09 Agents, balance- ar -, ie.iea premiums .. 476,300. 49 inicrra, . oivwenos ano real estate income due n . U Other assets 412,070.09 Total admitted assets ST0J33 ,037.94 hSI.-i-u-.--.-- JJ-iia-so ses 328,172.00 Unearned premiums 1J69.999.69 AH other liabilities 1J46.155JR Total, liabilities. capnai e - am in n '. 1.125,000:00 0 Capital paid up ... . i.peciai surplus funds una s-i-Tp-o tunas lea Surplus as reoa r'rte ni-. i-.i.r 45B4.47 PrMnmmt r il -. Ma ot Losses mcurred 37,739.63 -.y-"f-- "-arreo . 4Ma.a7 jOtner underwi ilmg 1 isaii -"i- uitwu.15 Total ianWlt-i irl- . n .. ,. -T." " .. . a-v,iaD i loss (.ieai4iei lnvaelf-n - .:r .- r wif-cr rncorne Total, before tederal" av come taxes . Federal income ta-es ba- curreo - Ifivioenos to : V,1M3 442 Ml ,229. 7S0B 0 .00 Dividends to pe1cyhuk-ei. Capital changes (net) Other ftems affecting ser- pius ineri Total capital and sur plus -Hems (net) Increase in surplus as re- Mv11.r1.uc1 J J- -U5it in OR.GON cro. -.tii -.-.rh Direct premiums received $ 265,733.42 Direct losses paid 122J43.25 -ivtoenas paio ercTeo- iie. J ih.piiw.i IPnrl office OregoK Nona. 4X3t73 -UM73 559J97.3C SYNOPSIS OF ANNUAL STATEMENT for the year ended December 31, 195 CALEDONIAN INSURANCE COMPANY of New York (U.S. Branch), in the State of New York, made to the In surance Commissioner of the State ot Oregon, pursuant to law: ADMITTED ASSPT Bonds $2,321,478.0- Stocks ... 1,089,160.0. Mortgage loans on real estate Real estate, less $.. encumbrance Cash and bank deposits ".V Agents' balances or uncol lected premiums Interest, dividends and real estate income due and accrued Other assets 0.N 0.M 455,191.00 77,168 8 16,148.9, 111.722.3 Capital paid up, statutory deposit .. ... r f JOOAXBOB Special surplus funds 0 SO Unassigned funds (surplus) 2J53.975 46 Surplus as regards policy. n-iaera . $3,053,975.4 Total $4,070.869 2-' INCOME S 670,330.87 eTATCMCirr rremiums earned OF 642,078.61 28,252.2. 206443.85 0.0 .. . 336,896.11 173,531.65 63J64.4. 0.00 ' 0.0 0.00 Total capital and surplus item. 1 net) 1 an an -aa .921 Decrease in surplus's' "re gards policyholders 1.789,988.24 BUSINESS IN OREGON COO T UC ..n R - I''!- JCnn - iiiwiiu icing Direct losses paid Dividends paid or credited Principal office in Oregon None. $515.27 0.0O .eg SYNOPSIS OF ANNUAL ' for the year ended December 31, WStV RELIANCE INSURANCE . .., . , wr-ir-pt of Phitodelphia, in the State of Penn. 2f v.ani?' n.oei Insurance Com missioner of the State of Oregon, pursuant to law: . -""" . ADMITTED ASSETS ff!- 32,935.677. 8. Stocks 63J92J75 47 Ioiu-Ks Mortgage loans on real Real estate, less '$0 "en cumbrances Cach fwi hanl, - -. : - Agents' balances, or un toiieciea premiums .. Interest, dividends and h -'a'eincome aue Other assets Back Stairs: Ike's Press Conferences 134,344.94 2,349,183.7? 3A554.1 7M3XTI.O 1 253,898. 2J17,12I.4 Total admitted assets Slll71.38&3. LIABILITIES, SURPLUS A kirt rTu rr r r-1 i.irve -- v t ntti run rX! .. $ 17,752.9S0.e loss adiustment ex- Une 4 4,-u-,3T.uaj T v."- -1 .i'iiuii w,lu.-T., All other liabilities 456,778.74 Total liabilities except rST:,i,-..--- -??.'?'!- -. koi. W ,01.,UUU.UV Special surplus funds 369J15.75 -namgnea tunas isur- , P.US) -: 35 J70 ,490.60 Surplus as regards pot-. e-rnoroers 46,8-6,OD.3S Premiums earned t 47,371 46.91 Losses incurred 24,702,410.17 Loss expenses incurred. 3.998 ,85.-f Other underwriting ex- -v--- -wipj . . v,7,i7v. a Total underwriting de-- Net tmderwrrtmg gain ... 4nlT,IUO.-ai III 1 1 11 11 1 I mm iri . r- X. " ----- . . ,77- I winer income lotai, oetore federal in come taxes Federal and foreign in- ij t u, incurred.. Dividends to stoddioio- -rt Dividends to''ocnicvhold- era - g Capital changes (net) : Other . items affecting ("tl njC3,927.0. Total capital and sur- Increase in surplus as regards, policyholders 10.801,784.63 BUSINESS IN OREGON , rvn. in r C MK Direct premiums re- -''--, - -uj.o a Direct losses paid 210,780.00 uivioenos pata or cred- ltH t i;n . 1 - ...m . n,ii.ril.l CT3 V Prirvr l nffi,. r-. n W, Trade BWg Portland 4. Oregon. 3,251.11 fe.-91.7 54,914.3- t7377.5f U75J20.0f By MERRIMAN SMITH UPI White House Reporter Washington - DPD - Back stairs at the White House: It is somewhat difficult to realize while watching Presi dent Eisenhower at his press conferences these days that he once wanted to throw the en tire system away to protect his dignity and avoid contact with the "hostile press." The President has held 16 meetings with reporters this year for the purpose of an swering any type of question they decide to ask. This is a new record of frequency for the Chief Executive. Different Eisenhower Hugh Baillie in his new book, "High Tension," pic tures a much different Eisen hower than the man who to day actually looks forward to news conferences on many oc casions as a highly desirable method of putting his point of view across. Baillie, then president of the United Press, called on Eisenhower in New York in January, 1953, shortly before the chief executive's first in- Neuberger Encouraged By Agreement Progress Washington, D.C;-Sen. Rich ard L. Neuberger of Oregon said today he was "greatly en couraged" , by indications, of an early agreement between Canada and the. United States on water resource develop ment of the Upper Columbia river. v : ; - "A new era of progress will be. launched in the Pacific Northwest and western Can ada by successful conclusion of negotiations over use of the boundary waters of the Columbia," Neuberger fore cast. "Reports from both sides of the border signed the, ap proach of joint acceptance by the United States and Canada of a plan and procedures for construction of a series of dams to harness the power and flood control potential of the Upper Basin." Neuberger made his com ments after an executive ses sion of the Interior and Insular Affairs committee where re ports were received from De partment of State and Inter national Joint commission spokesmen. Both agencies have taking part in five nego tiations with Canada. Neuberger, who conducted a study of problems connect ed with international develop ment of the Columbia for the Senate Interior and Insular Affairs committee during 1955, pointed out that dams built on. both sides of the border would greatly expand the supply of low-cost hydro electric energy in the North Pacific region. Flood peril in lower, Colum bia area also would be great ly reduced, he pointed outn On both sides of the border, the development would add as much as 4,000,000 kilowatts of energy , at existing dams and others to be built, he explained? auguration. In his book Baillie reveals that Eisenhower told him "that he saw no reason for having regular press con ferences on the old basis, and that he thought the presiden tial press conference had be come a lazy man's way of cov ering a storyf." Didn't Like Idea Baillie said Eisenhower did not like the idea of being questioned by the "enemy" press, that is employees of news media hostile" to his adnr-lnistration. At the time, he said, Eisen hower was thinking of a plan whereby he could be question ed by 10 or so reporters who would accept questions from their colleagues and then pass judgement on relaying them to the President. Eisenhower of today would laugh at these ideas and fears of 1953. But it took on-the-job experience to convince him, and the hard urging of his press secretary, Jim Hagerty. This seems to be the season for expertise on the President and the press. Douglass Cater has written a new book about the Washington press corps called "The Fourth Branch of Government." Cater is a writer for "The Reporter," a fortnightly mag azine of opinion and observa tion on current affairs andv the arts. Primary Contact In a chapter on Eisenhower and his relations with the press, Cater pictures Eisen hower's conferences as the pri mary contact between the President and the public. Reporters w h o s e regular, full-time1- assignment is the Pearl Crown Valuable Trade Fair Exhibit Portland-Possibly the most valuable single exhibit in the entire Centennial Trade Fair is the $125,000 pearl crown worn each year by the Wash ington Cherry Blossom Fes tival Queen during the spring ceremonies in Washington, D.C. It was sent at the request of the Japanese Government for exhibition during the Ore gon Centennial Trade Fair the first time it ever has been displayed, outside the national capital, where between festi vals it is kept in a National Treasury vault. The gleaming diadem is made of 1,589 perfect pearls set in gold-pearls ranging in size from 23 millimeters in di ameter down to 12, and each one individually selected from the largest stock of pearls in the world. Personal Supervision The crown was created by White House regard other as pects of the presidency eaual- ly as important. If it were not for these reporters, who Cater says hang around the White House "with the insolence of courtiers at some feudal court," how would the- public know what a President was doing outside of the 30 min utes he spends at his press conference? Garden Sawdust McGinly Fuel Go. Ph. SP 3-6297 Mikimoto Pearls, Inc., under the personal .pervision of Yoshitaka Mikimoto, president of the firm" and grandson of the historic "Pearl King," Koichi Mikimoto, who origin ated production of the cultur ed pearls. Fifteen superb craftsmen spent 50 days in making the three - and - a - quarter pound crown. It was presented by the Jap-a-sse Ambassador to the r-rry Blossom Festival Com mittee in Washington, D.C, or the festival two years ago, and first worn by the 1957 Cherry Blossom Queen. The Cherry Blossom Crown was shipped by air directly from the National Treasury for display in Japan's exhibi tion at the Centennial Trade Fair, where it is on display daily from 2 to 10 pn. through June 24. This was made possible by- consent of the Cherry Blossom Festival committee of the Washingtofi) Convention and Visitors Bu reau" of the Board of Trade, owner ftf the crown. . BIG GREEN RED FIR Slabwood Double Load $ I 00 300 cu. ft . Jumbo Load SfAO 400 cu. ft II Order Early - Quick Delivery Phelps Fuel Go. SP 3-S878 . T It takes pace to make dreams come Lost of the things we want out of life can be f.und onlvin a peaceful climate. Like those things, peace doesn't just happen. It, too, has to be planned for. And it, too, costs money. , Money for industrial and military strength to keep the peace. 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