Aprfl in, 194S
page sir
HERALD AND NEWS. KLAMATH FALLS, OREGON
PRODUCT
I0N0F
LUMBER TO BE
SHORT M
L
WASHINGTON, April 19 (VP)
Lumber production this year
will bo more than 2,000,000,000
feet short of the war production
board's goal of 32.000,000.000
feet set In January, Henry Clep
per, chief of the program section
of WPB's lumber division re
ported today.
Basing the estimate on reports
of first quarter production,
Clepper said the lumber short
age has grown "progressively
worse" In the last four months
and has spread to nearly all com
mercial species.
The reduced output was bs
cribed, at a recent meeting of
the millwork advisory commit
tee, to loss of manpower, bad
weather and shortage of equip
ment. Other factors blamed
were the increased use of lum
ber for war purposes and its
widespread substitution for
metals.
J. Philip Boyd, lumber di
vision director, said box and
crating requirements for war
purposes may increase to the
point where they will take 50 per
cent of all lumber produced this
year. These needs have placed
a heavy strain on western pine
output, Boyd said, adding that it
is likely lumber used for other
purposes will have to be diverted
to box and crating.
WORKERS GET GAS
SALEM, April 19 (Pro
cedure to assure civilian defense
workers of gasoline for the per
formance of their official duties
has been approved by the office
of price administration, Jerrold
Owen, state defense administra
tor, announced today.
Individual applications for ex
tra gasoline mileage must bear
the approval of the applicant's
immediate superior and of the
county defense coordinator. The
later officials are also held re
sponsible for notifying local ra
tioning boards of changes in or
termination of the civilian de
fense worker's duties.
Food and Drink
hi . , :
; . iniir V
V;
Gov. Colgate W. Darden, Jr, of
Virginia, welcomes United Na
tions food conference delegates
to his state, but warns them
they must observe Virginia
drinking laws when they con
vene at Hot SDiinES.
"Brightest Boy"
Drafted in Army
SEATTLE, April 19 ?) Still
modestly trying to shake the
"brightest boy in America" nick
name imposed when he won the
Thomas A. Edison scholarship
14 years ago, Wilbur B, Huston,
31, today was inducted into the
army.
Bank Fails To Get
Review of Labor
Board Order
WASHINGTON, April 19 (fP)
The Bank of America National
Trust and Savings association,
of San Francisco, described as
the fourth largest bank in the
United States, failed today to
obtain a supreme court review
of a labor board order holding
the bank to be subject to the
National Labor Relations act.
Aged Relative of
Dan Boone Dies
PENDLETON. April 19 UP)
Boone Watson, 90, colorful Uma
tilla county pioneer, second old
est democrat in Oregon and
relative of Daniel Boone, died
here yesterday afternoon after a
long illness. Funeral services
will be held tomorrow afternoon
SfSI8 OF ANNUAL STATEMENT OT
IB?,UNK5D STATES BRANCH OEN
5PftCI.8SST' nRB LIFE AS-5,i.I;:E,C?,RPPItt.TI0N-
LIMITED,
t.,Per.th Scotland (U. S. branch. 4l4
Walnut street. Philadelphia, in thj state
ttSSSUff- lS4zi "Lade 10 insurance
pKinf ?oVt-lhl " Oron-
. . CAPITAL
Amount of capital atock
paid up ( eoo.000.00
u , . INCOME
"5 Prelmums received
Ini.';?.",8 'J? 3 $20,505,489.40
Interest, dividends and
rents received during:
. the year 1.210.018.30
Income from other "lu'v",flo
sources received dur-
Ins the year .
101,151.76
S.8S2.125.7S
1.661.082.97
Total Income 521.816,659.61
. , DISBURSEMENTS
Net losses paid durlnc
'J', year. Including ad,
CommKinn trrcn' --- $10. IBS, 700. 28
T.K'.d ft"1" tht vear.
J??J t'censes and fees
.Pft'd durlnE the vear.,
. Dividends paid on capital
piuck aunmr the vear
Amount of all other ei-
pendlturea 2,364,808.40
Total exwndltures 520.104.726.41
V.1. n-DJTED .ASSETS
value of real estate
1,25?'. mi"J value I 498,500.00
J5?.fn portMSM and
Va ,VM,d "'".615.46
nann ....
PrNnjumn in courie"o"f
Interest and rents dua
and accrued ...
Other asseta (nelTII
2.964,751.82
8.826,137.21
1H.3S2.72
iO.HUZ.BS
Total admitted aascH. $44.105.273,36
n. . , , MABILITIES"
Oross claims for losses
Am"K f ffiBHHJ ""
C.S,nfom,mf.,ro5-ina ' "
Total lleblllllel, except
Capital pald'iip""""
Sum us over .tf ftrenr.
..rr5y.Vf.V.d.wTcV- "o
holders , ls.ooo.ono.nn
ftifX. S44. 105.273.311
iBfaL-ss-" i-m-m-i
DUU.UUU.UU
'llfisfflEsO
N TirfmtiimB received
NefUfee.''V.?3' Km
Ins year .. 40,500 10
t.NP.or company. United fitaYea
branch, o-neral Afc Went Klre andLlie
tfHSl Sl:..h'K Name of . BnlteJ
?J?.te aiotutqry resident a?
jervc, Ivan W. Clark of J
Clark company. '
Residont Agent .
JAMES H. DRISCOLL
Williams Bldg.
Klamath Falls, Ore.
ttorney i
iqiuil
Mary Corrigan in
Charge of "Nickel
Hop" at University
UNIVERSITY OF OREGON
Mary Corrigan, freshman in
Journalism, of Klamath Falls, j
was m charge of the Nickel hop
at Sigma Kappa, held late last
week.
Miss Corrigan Is the daughter
of Mr. and Mrs. Corrigan of
Klamath Falls.
Josephine Reginato
To Head Softball
For Oregon Women
UNIVERSITY OF OREGON
The head named this week for
girls' softball intramurals was
Josephine Julia Reginato, Klam
ath Falls, junior In sociology.
Miss Reginato is the daughter
of Mr. and Mrs. John B. Regi
nato of Klamath Falls.
ALL IS CONFUSION
WASHINGTON, Conn., (JP)
Nobody knows whether it's the
weather, or competition from
airplanes, but the wild geese
flying over this town seem to be
confused in their age-old spring
task of flying north.
On one especially cold day last
week, one observer reports, a
flock overhead gave up their
V-formation and flew around in
circles for a time. Then they
landed, and after much dis
cordant squawling flew off again,
apparently in final agreement on
which way was north."-'
By the end of the war, pro
ductive capacity properly used
can save the world, and impro
perly applied could become an
economic menace. We must
therefore find a sound and sen
sible solution. Secretary of
Commerce Jesse Jones.
SYNOPSIS of Animal Statement of thl
UNITED STATES FIRE INBUKANCE
COMPANY of New Torlc lo the Stat,
of New York, on the thirty-first day of
December. 1942. made to the Insurance
Commissioner of tha State of Orecoa,
pursuant to law:
CAPITAL
Amount of capital atock
oald up 2,000,000.00
INCOME
Net premiums received
f!n rf f the year &,ST4,$4r9.8l
Interest, dividends and
rent received durlnc
. the year 1.355.4041.8J
Income from other sources
received during tha year R14.341.8S
Total Income 817,244,851.31
DISBURSEMENTS
Net losses paid durlna the
venr Inrhiitlne arflust.
ment expenses . 8,
tommisons ana aaianea
paid during; the year--.
Taxes, license and fees
Dividends paid on oapttal
stock durlne the year
Amount of all other ex.
pendlturea -
118.1S4 82
.948.8S4.81
448.026.1S
,000,000.00
,091.970.41
Total expendlturea .... 815.607,065.69
ADMITTED ASSETS
value of real estate owned
. (market value) ,8 SS.S53.36
Loans on mortgages and
collateral, etc. 170,128.07
Value of bonda owned
(amortlied) 13,992,872.36
Value of stocks owned
(market value) 12,683.591.4
Cash tn bank &nd on
hand 8.067,789.01
Premiums in course of col
lection written sine
. September 30. 1042 1,782,626.79
Interest and rent dua ana
accrued 64.825.87
Other asseta (net) 6S2.23L60
Total admitted assets. .837,410,616.09
LIABILITIES
Gross claim for losses
unpaid $ 4,022.849.00
Amount of unearned pre.
mliims on all outatand-
Ing risks ... 12,478,808.30
Due for commission and
prokeraje. , 177,000.00
All other lUbfimeVanj
reserves
731 341.74
Total llabllltlea, ttteapt
r"X''?'-,i 817,474,196.01
up 8 2,000,000.00
Surplus over
all llabll
ltlea 17,936.422 OS
Sumltl HI YiwmrA mIIk...
holdera 819.9S8.42I0S
onTS:v.7.-v,-f,-.-.:-.-"'1-'-"-
31. 11142, Market Quo
tations for all Bonda and
Blocks owned the total
admitted assets and sur
plus would be Increaatd
BUSINESS IN OREOON FOR TBI TXAX
hi "ihi rcctlv'i dur
Net"k)sse, pa'd auHnrtheYeVr"?',???
""il.0,..0.' ? OJJMW. United Slates lira
insurance Company.
Bi.tmol'. S5fa7' O-.Wakeman.
FnIJIr)l .'"'dent attorney for service,
Ioauranca Commissioner, Salem, Orator
Resident Agents
D. N. CLEMENS
Insurance Aaanev .
209 Underwood Bldg. Ph. 3778
THE LANDRY CO.
313 Main Ph, 3612
Okay, Gentlemen-"
fcrn's (Dur Tw-Hs Worth
To Help Matte It
n
irthday
ii
fn other years this money might have gone toward
the purchase of a new linotype machine. You
can't put out a newspaper, these days, without lots
of intricate, expensive machines.
A. M. Collltr (right), G. C. Blohm, Chalrmon 2nd Wat Lean
Today, though, we're equipping those printers who
have 'learned to' make another kind of machine
talk . . . and it takes an unending stream of intri
cate, expensive machines to talk in terms of Hit
ler's LAST Birthday!
Whtn V.Doy eomei, this Bpnd will com In handy to buy a
linotyp for uio of our returning toldior-printen.
b)