Chicago'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. Money for science and educa
tion to help make it lasting. And money saved
by individuals to keep our economy strong
and oiu: dbUars sound. : - ; v; -
Every U.S. Savings Bond youjbuy makes you
and your country financially stronger . . . helps
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The US. Government doe not pay for this advertising- The Treasury Department thanks, for their patriotic donation, The Advertising Council and
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