FOUR HERALD AND NEWS
Monday. June 1. It43
FBANK rtNKINS MALCOLM EPi-CT
K4I tor MDsins Editor
A temporary combination of tho Evening Herald and tho
Klamath Newm. PublUtMd vry afternoon oxcopt Sunday
at esplanade and Plna etreota. Klamath FalU. Oregon, by tna
Herald Publishing Ca and tha Ntwi Publishing Company.
SUBSCRIPTION BATES
By carrier mejtn f&c By mall month! $OJS
Bv earrtar - 97.50 By mail -,.,yaar aa.00
Outside K.amath. Lake, Modoo. SUklyou eounUoa -year 97 00
Entered a second elan matter at the poetofftc ol Klamath
ralla, Orew on Ausuit 30, 1900 under act of concroaa,
March a. 1879
Member.
AawcUUd Preen
Member Audit
Bureau Ctrculatloa
Today's Roundup
Br MALCOLM EPLEY
FRIDAY'S special election will probably bring
out one of the smallest votes in years in
Oregon.
This election lacks oomph. It is devoted en
tirely to measures. Measures,
lacking flesh and blood, have
to be pretty hot controvert
sially to get out the vote. The
state and city measures on Fri
day's ballot haven't proved
very controversial as yet, at
least.
One of the two state meas
ures is a pretty technical af
fair. It provides for a property
tax for a state building pro
gram, but the property tax
will be wiped out by using EPLEY
' the etate income tax surplus funds. This bill
releases available funds for needed buildings
for the state institutions, and there hasn't been
much argument about it.
There is more chance for dispute over the
other state measure a 2tt cents-per-pack tax
on cigarettes to provide new money for public
high and grade schools. If people weren't pre
occupied with the war, and if money were a
little tighter, we would hear more about the
fag tax.
Good Idea For Citizens
ONE advantage of a special election of this
nature, with only two state measures on
the ballot, is that most or all of those who do
go to the polls will know something about the
measures. When measures are on the general
election ballots, large numbers of voters "dis
cover" them for the first time in the voting
booth and make a wild stab at voting at them.
There is a tendency to vote "no" on measures
we don't know anything about Inasmuch as
most of the voters who go to the polls Friday
will know something of the measures, .there
will be little negative voting due to ignorance.
Good idea for citizens is to inform them
selves immediately on these measures and go
to the polls Friday.
.. e
Sound City Measure
A CITY measure which we think should
pass is a charter amendment which will
change the method of filling vacancies in elec
tive office of the, city. " ." . ,
At present, if a mayor, police judge, treasurer
or councilman resigns, dies, or otherwise leaves
the office vacant, it is necessary to hold a spe
cial election to fill it.
This measure would eliminate that feature,
and require that the vacancy be filled accord
ing to state law. State law provides that such
vacancies shall be filled by appointment by the
council with the appointee to serve until the
next election.
That's a sensible, economical way to fill vac
ancies. We suggest a "Yes" vote on that city
measure. -
News Behind The News
Br PAUL MALLON
WASHINGTON, June 18 The Chinese ac
counts have been daily describing how
they are "fighting their way forward."
This is a nice way of putting it. A more
accurate way would relate that the Japs are
giving up central and southern China.
This strategic Jap retreat is tremendously
important to us. It means they are drawing back
their vast numbers for final stand of the war
against our massing power.
My information is they will retire all the
way back to the Yangtze river and Shanghai,
there to establish an emperor's line, or what
ever they choose to call it. South of the line
they will hold only the China ports with suicide
squads (as Hitler did in France.)
Unquestionably they will try to hold Hong
kong, Swatow and Amoy and possibly other
points Just to prevent us from using these
needed bases for Asiatic operations.
This is what General Stilwell knew when he
started talking in print the other day about the
war lasting two years. He does not apparently
expect bombing will bring surrender earlier, or
anticipate that business leaders will take over
the Tokyo government and seek peace.
In case the Japs fight to the last, we will
have to go in and clean them out in China as
well as upon the mainland and there are many
who suspect their fight for Manchuria will be
bigger than in behalf of their mainland.
Perhaps Two Million Men
ESTIMATES of their troops in worm cnina
(including those retreating northward) run
as high as 2,000,000 men compared with 1,600,
000 on the mainland, although these estimates
are not to be depended upon.
The retreat strategy was necessary because
of their weak extended position, but it will be
a costly business for them. They will lose
(abandon is a more precise word for it) the rail
road from Hankow down to Hongkong, and
therefore all land connection with their 200,000
troops now remaining in Malaya (overestimated
generally in public comments to be-345,000.)
They cannot very well supply these by sea
under our air and submarine blockade. Hence,
the strategy puts their whole South Asia force
in a position for suicide, of an aggressive or
voluntary nature.
But if you lve been looking at their narrow
escape corridors in China, and suspecting the
Chinese could cut off large bodies of their
troops by driving wedges across the Hongkong
Hankow railroad, you must abandon any such
hope.
True enough the Chinese are attacking in
some spots, but even in those spots the Japs
are managing to keep control of the situation
by counter-attacks, and in general the Chinese
are not strong enough to do anything important
All the Japs would have to do to stop any
Chinese ambitions is to move troops down the
railroads from Hankow, where they have plenty
of unused reserve- power. They can control any
area they really want. Chinese aggressiveness,
therefore, must be cautiously limited.
The Chinese have drawn some of their troops
back from the Burma front for this operation.
Our fourteenth air force is getting more planes
now, and moving back into their lost bases.
However, nothing much can be done until we
get power in there, and this will take many
months, especially with the ports still in Jap
hands.
Attention On Malaya
THE Australian move into Borneo has cen
tered attention on Malaya, and caused many
to suggest we may hop in there next This com
mon interpretation represents too-easy anticipa
tion. We went into Borneo for oil and bases only
those two things. The wells are in bad condi
tion, but can be repaired in time to be of great
benefit to us in the final drives of the Pacific
war. The air fields in Borneo give us good
bombing range radius over everything in. the1
far southwest Pacific from the Celebes through
Java and Sumatra to Malaya.
The Japs have not been able to get any
appreciable quantities of oil out of Borneo since
we went into the Philippines, as we control
the sea lanes from there to China and Japan.
The loss will therefore not be important to
them, but the gain will be helpful to our plans.
With this move we have established a fighting
front 1300 miles long from Brunei to Okinawa,
facing Asia. In general the continent is only 400
to 600 miles away.
EDITORIALS ON
NEWS
(Continued from Page One)
There have been FEW chinks
in Bushido up to now.
npHE Jap big shots do seem to
place a lot of reliance in
suicide warfare. In his recent
speech to the Jap stooge parlia
ment Suzuki said:
"The tactics of our Special
Attack Corps (suicide corps),
which is steadily improving in
skill, are a WAY OF FIGHTING
which NO NATION BUT THE
JAPANESE is capable of em
ploying." THERE is a new development
in the Polish ruckus.
The secretary of the "military
collegium" of the Russian su
preme court reports to the
judges today that General
Okulicki "flnrl nthr" nt Ihs 1
Polish leaders arrested by the
xiussmns nave "confessed" to a
long list of charges including the
killing of 594 Russian officers,
anti-Russian espionage and con
ferring with the Germans.
As a special bit of dynamite,
Okulicki is accused of possessing
at the time of his arrest a docu
ment in which HE (no British
collusion shown) declared that in
the event of a Russian vctory
over Germany, England would
have to form a European bloc
to fight the Russians. The docu
ment is said to have asserted
that Germany and Poland should
be in the bloc.
It is indicated that the red
army prosecutor will ask the
death penalty in at least some
cases.
yHESE wholesale confessions
in Russian trials have al
ways had us Americans stumped.
But the trials and their outcome
make it reasonably apparent
that the Russians are going
through with their contention
that the London Poles are anti
soviet, even to the extent of
conspiring to thwart Russian mil
itary success.
If Russia is eolne through
with it, we'll have to accept it or
riuni uvm jt-utiAiNjj wnicn
we are in no mood to do. His
tory tells us that some such
thing might happen.
Youth Seriously
Hurt In Accident
PORTLAND, June 18 UP)
Norman D. Hoover, 17, was se
riously injured and eight other
persons lacerated in a collision
of two cars here yesterday.
Deputy sheriffs said the cars
were driven by Joseph Charles
Wilson, 17, Portland, and Hur
lev Romaine Cook. Delnnsn
Heights, Calif.
Classified Ads Bring Results.
Tulelake Man Hurt
In Fall From Truck
John Anderson of Tulelake
suffered facial and arm bruises
Saturday when he lost his bal
ance and fell out of the back
of a pickup truck in which he
was riding, according to an ac
cident report submitted by Otto
riaynes, also of Tulelake and
driver of tne truck.
Haynes stated that he was
driving east on the Dairy Creek
road east of Bly.when the mis
hap occurred. He said that he
was rounding a curve when An
derson apparently lost his bal
ance and fell out of the truck,
Injuries sustained by. Anderson
were not serious.
MEDFORD. June 18 UP)-
Rogue River valley Bosc pear
growers nave assessed them
selves 5 cents a box to finance
advertising to develop new mar
kets, Promotion Committeeman
S. M. Tuttle said today.
Growers have also agreed to
snip only .fruit In prime condi
tion.
Polling Places Established
For Special Election Here
Polling places as established by the sheriff's office have been
set up for the special election to be held on Juno 22, Charles
r. LeLp, county cierK, sum loatty.
Three city measures and two state measures will bo voted
upon at tha election. The citv polling places are as follows:
CITY POLLING PLACES
Precinct
No. Location Address
1 Pi J. Towey, 133 S. Riverside.
2 Conger school, California.
3 Baldwin hotel, 31 Main.
4 H. R. Browcr, 314 Washington.
5 Valley hotel, 413 Pine.
6 Presbyterian church, 601 Pine.
7 F. W. Abbey, 939 Lincoln.
8 Court house basement, 4th and Main,
9 City library basement, Sth and Klumuth.
10 Arcade hotel, 1034 Main.
11 Lake hotel, 1229 Main.
12 Covenant church, 823 Walnut.
13 Bulck garage, 1330 Main.
14 Lombard Motors, 424 S. 6th.
15 Viola Kiefer, 2242 White.
16 Mrs. W. O. Lohrey. 2144 Ebeleln.
17 Cecil E. Wilbur, 2229 Wantland.
18 Duke Bldg., room 6, 923 E. Main.
19 Mills school. E. Main.
20 Shepherd Music company, 345 E. Main.
21 Mrs. V. Smith, 218 E. Main.
22 Balsigcr garage, Main and Esplanade.
23 Ylaria Hunt. 305 Hillside.
24 U. S. Balentine, 1904 Huron.
25 Mrs. Larson,. 1935 Melrose.
26 Roosevelt school, 1123 Eldorado.
27 Rozendul basement, 1444 Crescent.
28 County library, Mon Claire.
29 Falrvicw school, 1017 Donald.
30 Jack Miller, 725 St. Francis.
31 Peter Reincrs, 1937 Oregon.
32 Mrs. Burke, 1108 Hanks. .
COUNTY PRECINCTS
Precinct Location Address
Algoma Algoma school.
N. Altamont Altamont elementary school.
S. Altamont Mrs. Margaret Tedrick, 4331 Blsbcc.
Beatty Church.
Bly Church.
Bonanza Lovelady residence. ,
Chemult School.
E. Chiloquin City library.
S. Chiloquin Office Blocklinger mill.
W. Chiloquin Ray Lewis house, Wasco.
Crescent Lake School house.
Dairy Old school house.
N. Enterprise First Church of God, Altamont drive.
S. Enterprise Mrs. W. Rutledge, 4016 Altamont drive.
Gilchrist Recreation hall.
Hildebrand School.
N. Homedole Parks Cabinet shop, 4008 S. 6th.
S. Homedale Mrs. Helen Anderson, 5206 Walton drive.
Klamath Lake Mrs. Wampler residence.
Langell Valley Grange hall,
Lenox Weyerhaeuser hotel.
E. Malln Broadway hall.
W. Malin High school.
E. Merrill Boy Scout hall. v
W. Merrill City hall.
Midland Grange hall.
Modoc School.
Mt. Laki Grange hall, near Mac's store.
Odell Thomas Bracken store.
Orindale McVey residence, Highway and o.J Kcno road.
Pelican Bay Pelican school.
Pine Grove Old school house.
Poe Valley Grange hall.
Plevna School house, Keno.
E. Shasta Shasta school.
N. Shasta S. G. Wells residence, 1005 Wlard.
S. Shasta Exhibit Bldg., fairgrounds, S. 6th.
W. Shasta Mrs. C. A. Esgate, 3949 Shasta way.
SDraeue River School house.
Stewart Stewart-Lenox church.
Shevlin School.
Wood River Dance hall.
Worden Store.
Yamsey Rodger Wright res., state highway shops, Sand Creek.
nit; backs
TACT CS USED
0 1
GUAM, Juno 18 Subsequent
events proved the wisdom of
tactical decisions made on Oki
nawa, Fleet Adm. Chester W,
Nlmltz said yesterday and add
ed that criticism leveled by
Newspaper Ouhimnlst David
Lawrenco was "out of uluca and
111-advlscd."
"Some Justice to a Broun of
fine soldiers" motto It necessury
that Lawrence's June 4 column
be answered, tho Pacific (loci
commander told a press confer
ence In an unprecedented state
ment.
"Lawrence's column showed
that he hnd been badly misin
formed," Nlmltz said, and had
been given "information by
someone with an axe to urlnd. '
The remarks give tho Impres
sion, ho declared, thut tho writ
er has been "made use of for
purposes which are not in the
best interests of the United
States."
(in Washington, Lawrence re
plied that Nlmltz himself wus
''misinformed about what I
wrote." The column, ho said,
was based on a dispatch from
Okinawa by Correspondent Ho
mer uigart ol the Now York
Herald Tribune who expressed
tho opinion a landing should
have been made by murines be
hind the Japanese lines).
Lt. Gen. Simon Bolivar Buck
ner Jr., tenth army commander,
made all tactical decisions on
the Island "but they had my
concurrence," Nlmltz declared.
"New landings," he sold,
would have had to be made
over very greatly unsatisfactory
beaches against an alerted ene
my defense. They would have
created heavy casualties and
would have created unaccept
able supply problems. Tha tac
tics decided upon now have
proved successful . , . with loss
es to ourselves which, nlthougli
serious, aro relatively mall.
"Suffice it to say now thai
nrmy and murine commuiulurs
on Okinawa unci llioso who cov
orod ami supported them huvo
dona their duties well und skil
fully. They have performed
services of ureal valuo under
tho most difficult conditions,
lltoy deserve tho grutltuda of
their country."
(Tho Now York Herald Trib
une said Blgurt had messnged
that Lawrence hud quoted lilni
"In seeking to condemn Okina
wa as a fliiNco." "This corre
spondent," ho odded, "still bo
lluvt's that a landing on the
south count of Okinawa would
hnvo been better employment
of tha murines. But to rail n
cumpalgn fiasco Is absurd").
Tolling
The Editor
letter SfMlMl Met .Mat Ml M MM
than M erartfe In lenath, mull fee .hi
lee. leaibl, an ONI not at the (
Kit, and muet be liana. SaeiltlbutuMa
fallaoli Ihaaa nilee, ait ecarral, .ef
THEORY
KLAMATH FALLS, Oro. (To
the Editor) I think whon tho
pcoplo of Klnmntli county. In
fuel the people of our whole
good old U. 8. A. flnully wnko-l
up, we re going to iiihi out Unit
theso mild balloons Hint urc sup
posed to bo sent from Jupun
over hero, are reully coining
from tho Jap camps In our own
country. I may bo wrong time
will tell, Anyway, It Is some
thing for us to concentrate, on
In the mountlme.
GENE WAITES.
Clnsslfled Ads Bring Results.
SWEATERS
Bllp-on or coat slylei
OREGON WOOLEN STORE
8th and Main
ACCIDENTS
or expensive!
Protoct your Incomo!
F
I lll.lir.r-n '
.WASIIINc;'i'cw. j. ..
. KUI.""" of it i.n..: ,u"i
H iiueuei v hi i,n.... --"v mviu
mini iiiill.lrii.si lie fihh,
employer liKree .?."
.7. ..T' u,m f'x nri,,,." y rak
1 110 Conrl I ,
thi. r... i ' ""i nriium...
"in oo Bchei 11I...1 -" 'rani
"''KiimliiK ,,, ".(
."' union im.
tti.t... i . - - 'Jura uHj
vim involved nr., .:.."'u n
;- iiiniDiT nnd .iiiii..;"""V In
"Tin tho Sim .:""." Wul
itifit. 'vuco b
!. ...
... JIIMIre lleonrl.-.
mo cinn over. . "m nlH
whko demand, "'"V union
- ii,in agreement ,.' lor
" HI II ( y .v.- I -CI
wi K" mid wi.rku . " under
'"'low thus, ;. million.
Unly tilts n i7Ttr.
amo us Hint f m " Un
- "imico,
YOUR
........
F.-tr- - -
i:) H
skirt As.
Imtf
Il
I
asrasiiNTiNO ras
MUTUAL BENEFIT
Health and Accident
Am'b. tf 0.a
lit N Ilk raa.a ail
SPORT SHIRTS
. Short or Long SlttTM
OREGON WOOLEN STORE
8th and Main
Farmers Attention!
We kill, dress and chill your hogs Vc per pound.
We cure and smoke your ham and bacon 5c per
pound.
We have the best facilities. Our work it guaran
teed. WHY PAY MORE?
JOHNSON PACKING CO.
THE HOME OP QUALITY MEATS
PH)!)NI 5323
June Circuit Court
Term Opens Here
The June term of circuit court
opened this morning with the
drawing of a new grand jury.
Seven men were sworn in as
grand jurors including Clinton
Landis, route 1, Klamath Falls;
Donald Smith, Malin; Charles
Thomas. 2105 Wantland: D. F.
Lawton, Fort Klamath; E. P.
Ivory, 1919 Manzanlta; George
ttienn, ll .rune; and u. J. Col
vin, 436 S. Riverside. Thomas
was named foreman of the
frand jury by Circuit Court
udge David R. Vandenberg.
Judge Vandenberg briefly In
structed the members of the
grand jury and then excused
them until Wednesday, June 20,
at 10 a. m.
Classified Ads Bring Results.
Production of harvesting
equipment in 1944 had a value
of $82,800,000, compared with
$48,000,000 in 1943, and $53,
000,000 In 1941.
MADE ESFECIALLY
TO REUEVI TORTURI AND
NHL SEMIS' THAT CAUSE
ATHLETE'S FOOT
Tint applications of wonderful soothlnc,
hlihly mcdiotad liquid Zamo promptly
relieve itchy soreness between cracked
peeling tone. Then Zemo on contact
kills germs thit ciuae and spread
Athlete's Foot.
Zemo la Doctor's sntlaeptle formula
with an amazing record of aucceee. Zemo
really worka the first trial convince.
Clean, atalnleaa. At all druotorea. Send
Zemo to boya In service. 2ffQ
RADIO REPAIR
By Expert Technicians
GOOD STOCK OF AVAILABLE
TUBES-PARTS-AERIALS
rot All Makes of Radios
ZEMAN'S
Quick, Guaranteed Service
116 N. 9th hone 75X1
Across From Montgomery Ward on North tin
W ..m
SANITARY
NAPKINS
BUY BUY
I" MORE a MORE
BONDS BONDS
NEW
ROOSEVELT TAVERN
Chicken - Steak - Turkey Dinners
Gene Ortet and his Orchestra
Featuring Ardeen and Her Violin
With Buddy Kane
Alturas-Klamath Falls Highway
Phone 4181 M Closed Mondays
IU
p 1
Pacific Coast Piper Ifo
Efeltlniha, mMtf
Manufacturtrt tf
M-D Toilet Tissue
TNOPSI8 OF ANNUAL ITATElfENT
OP
The Travelers Insurance Co.
Af Hurt ford, tn tha fltAfat nt f!finnar (frmr em
the UilrtT-flrit dav at Dwimhir. IDtU. mnrla
to Ih Inturnc Commlf.ilor.tr ol Ui flutt
Capital
Anmtnt f emits! atorkf
Paid up SO.000,000.00
Income)
Total nrmlura ineamn tor
Jnttreat, dividends and renla
received during the year. S9,B69,851.63
Iacoms Accident depart
. mint 1O4.020.133.M
Income from other sources
received, tfurlni tha year. ,78,fl7.4B
Total Income .
IHibarscnMAta
Paid for losses, endowment,
annul tie and aurrcntler
values .. f
Dividends patd to policy
holders durlnf the year..
Dividends ptid on capital
stock durlnf the year
Com millions and salaries
DunnK ine 7r
Disbursement Accident
department
Amount of all other expend
llurea .... ...........
6,163,880.06
1,190.60
Nona
11,848,611.10
4,466.870.83
8,986,S70.73
S3,83T,4O.03
Total aptttdltiirta 313,336,631.10
Asseta
.Value of real estate owned
imarjiei valuer .
lDO,aWt1,UVl.M
06,789,316.00;
11,1
Loans on mortgajr.es .
(amortised) .
Value of stocks owned
(market value) .........
Policy loans
nsh In banks and on hand,
itertat and rente due and
accrued . ........
Ket uncollected and de
ferred premiums
Admitted suets Accident
department ............
Other assets (net) ........
Total admitted asieta ...$1,413,083,769.66
UaMllitea
Ket ri serves , 11,110,636,801.00
42,840.00
031.776. f3
661, 636.03
,fl03,34.:0
13,737.607.46
106.316,336.3
1,307,602.66
14,608,470.81
nirrrn .............
dross claims lor losses tin-
paia ... .........
UabllltOs Accident de
partment All otber liabilities
Total llsblllttes. Meent
capital fl,316,620,M9.38
..yiiaw hid up ....... ....a
urplui over all Jlibllltlei..
lurplue as regards policy,
holders .............. I
Total $1,412,982,769.66
BdsIbcm in Oregon for tha Tear
ftti premium and annuities re-
ceiveo ourinr tne year (Ace.
Dividends paid dWlnrthTytaf" ' 08
i sin ii ciaimi, en now
menu, surrenders, and annui
ties said duiina the var aw
dept., S76,fifi6.30) 369,103.11,
THE TRAVELER. INSURANCE COMPANY
h. EDMUND ZACHBR, Pres.
, , CARROLL P. OSGOOD, Bee.
iBUlutory resident attorney tat aerylM.
sTTNOPflXS OF ANNTJAX ITATlttKltT
or
The Travelers Indemnity Co.
of Hartford. In tha sltata at Conn act feu t. es
u ifunv-nrii amy oi uecemoer, in, Riaas
to the Insurance com mint oner of ih lute
oi uregoD pwsuain iv awi . ,
Net prsmlams received 810,099,767.11
row interest, oiviaenai ana
real estate Income 1.071.083.61
Income from other aouresg ... ' 340.M6.88
Total Income ............. .$21,411,416.81
DtotMrsameata
Net am mint nald rvil I rvnntrt era
for losses .. f 7,816,198.86
Loss adjustment expenses ... 1,104,170.11
A vent mmmlailnns tw bivt.
Wis 1,613,603,07
wanes ana rees orneers, at
rectors, ho ma At lie am.
ployea 1,113.000.17
Taxes, licensee and fee 1,704,649.72
Dividends nalrl to atoekholrlara
(eash 1480,000, stock none). 480,000.00
Dividends paid or credited te
policyholders None
All other expenditures ....... t,680,400.87
Total dlstmrwmenti ......$19,411,133.70
Admlttad Aseeta
Valut of real estate owned... If one
taoans on mortgage ana cot
lateral, etc Kens
Value of bond a ownM (amor.
tissd) 11,807,966.00
Value of stocks owned (mar
ket value) 13,611,684.00
casn in banks and em Hand.... 1,934,078.3$
premiums In course of eollse-
tlnn written mine flentemher
80, 1944 ,17U10.$7
Interest and rente due and ao.
erued 117,781.13
Other assets (nit) -42,303.6O
Total admitted asseta ......$41,201,341.43
aUabMttei, S orpins and Other Vends
Total unpaid claim .....$ 7,939,487.00
pense for unpaid claims .... 101,490.00
Total unearned premiums on
all unexpired risks ........ 11.091.17I.8T
aecriiinta. f '. ( Au as
ccriiMl tttm.U
Eatlmattd amount due or ae
cnjttl for tax.. SB,01t,18
other chargta dua and a-
A1I other llnhtlltlM .
Special reaerva .....
HS.970.07
....... Ul.ltS.M
....... .5ae,aj.8
..l31,3H,tltl.;s
,.j a, ooo, wo, M
Capital paH'ii""';
uiptu. uver ail uaomuea ..
Surplua ea retarde poller
koldara ... ......... MM.Ha.Te
...... il.J01,Ml.
RnaliiM, fat Oreffoa far the Tear
Ket premium, received ....aOT.llO.Sa
et loaaea paJd Zt,3.t
TUX TRAVELERS INDKMlflTT
COMPANY
tt. EDMUND Z A CHER, Pref.
. FRBD B, GARRISON. Sec.
Afaftttnr r..li,.nl mttnrnmv tn ul
1W OroMmajrar. jpoctlMci. fir, T
fTNOPilf Or ANNUAL tTATEMBNT
Tho Travtlerf Fire Insurance
Company
of Hartford, ta the "tale of Connecticut,
uu ininr!im aar oi vt
tet tha fntnirafiM r" nam ml
of Oregon, pursuant to lawt
Net premlmne received $11,910,769.19
Total interest, dividends and
real estate Income 83s.841.46
Income from other aourcea .. 76,709.62
Total la com 2$,8&2,322.17
Net amount paid policyholder!
adjustment
Agents' commissions or bro
kerage Salaries and feesoff leer, di
rectors, home office em
ployes Taxee, Itceaett and fees
Dividends paid to stockhold
ers (cash)
Dividends paid or er id I led to
vviicynoiaart
All 01
...$ 9,468,618.02
177,103.67
1.603,604.74
174,366.71
120,000.00
None
1,303,137.11
other expenditures .....
Total dlfbummcnta $31,121,232.77
Admitted Asetta
Value of real estate owned... tfone
Loans on mortgagee and col
lateral; et Rone
Value of bonds owned (amor-
tlied) ;... 11,887,748.76
Value of stocks owned (mar
kit Talus) 4,696,180.00
Cash In banks and on hand... 1,144,476.41
rrermums in course or collec
tion written since September
30, 1944
Interest and rents due and a-
1.491,006,00
146,611.87
soo.Bto.ai
Other assets TnVt)ll!
Total admitted asset ...... $3$, boo. $9 1,41
UabUltlM. Sarptas m Other rands
Total unpaid claims ...$ 4,330,174.00
321,647.00
11,196,137.71
esj l unej,iraru .........
Salaries, rents, expenses, wile,
accounts, feet, etc., dua or
' accrued
Bstlmated amount due or ac
mierl tnr tavea
Commissions, brokerage, or
AiitherYiabmtTes"";;:;::;i
pedal reserve ..............
Tout llabtlltleg. except cap!-
ta
168,174,00
19,188,86
n. OA ia
6,302,761.40
$31,706,034.84
28B& Sir 3 flitiiuiv.-::::' Wm
attmlua aa raaarda luillav.
holdera I ,711,7,07
Total i3t.50t.aui.41
BaaliMM ta Orefoa lot Mia Tw
THE TIUVKLEM PIKE INSURANCE
COMPANY
I, KDWUND ZACHBR. Free.
ROBERT D. SArTORD, Vice-Free, and Bee.
Granite Stole Fire Insurance
Company
of Portsmouth, tn the etete of New Ham p.
hire, an the Slat day nt December. 104.4.
made to the Insurance Com ml loner of the
eiate oi oregoo, irursuut to fawi
Net premium! rte tired $1,131,267.66
Total interest, dividends and
real estate Income 166,493.41
income from other aourcea ... 7,316.41
Total incom $3,106,066.4$
Dlsboreetnesitei
Net amount paid policyholder!
for louts $
laoae adjustment expense! ....
Agents' commissions or broker
age 8elar.ee and fees officers, di
rectors, home office employe!
Texee, licensee and fees
Dividends paid to stockholder!
tcaan, 9120,000 .
Dividends. paid or credited to
rucynoiaere
other expenditure! .......
71,036.19
61,689.66
06,111.11
100,178.47
100,013.60
110,000.00
None
171,874.40
Total disbursement! ,
,.$1,117,471.64
Admitted AesHe
Vahia fit lata nwned
(market value) f llt.7U.18
Loans on mortgagee and collat
eral, etc t.610.06
Value at IwMirla nminmA iemnr. .
Used) 1,414,663.10
Value of stocks owned (market
value) 1.109,047.30
uasn in nanki ann on nana ... Moa,aia,ov
rremmms in course 01 coiioo-
linn utrtl Im .In.. SJ.nl. mK.
So, ltu I2M67.Z4
Tnlereel .nil ewnlai Aitm anil ISa -
crued 1,5.H
Oilier aaaela (net) e,7J0,ci
Total admlttad aiieta ...... ,4iu,eli,e7
Uablllllaa, Rarelaa aai Other Fenda
Total unpaid elalma I ll,77J,41
pence for unpaid claltna .... . ,800.00
Total unearned premluma OD .
all unexpired rfeka J,Jia,33.!
Baiane., rente, ixptniH, pule,
.....ml. t.aa aln . Hlla A.
accrued f.BOO.M
Eetimatad amount dua er ae-
erued for taxee 41,100.00
Commlealona, brokaraae or otha
ar charaea dua and accrued. 1o,B00.00
Total llahllltlaa. hmdI aaH.
iui : :....:.,
CaplUI paid up - II,
l,0,T10.TT
H.AOn.OfHl.OO
fluriilua over all llabllltlea .... 1.7Bl,H.3n
SUrplua aa raaarda polloyluldara S,7l,e.20
,.,452,,7
Buatneaa la Orero. foe tea Tear
Wat ,.,.... M.i.a aaa.x9ff.al
Net ion.; Mil ,i7.oi
GRANITE STATR FIRE INItCRANfJE 00.
JAUKS D. SMART, Freeldenl.
t a-nu a nnmu,nW flaratarv.
.SIalutir reeld'ent attornejr for aerylca,
cm flrsmwet MDPaJir. rwiuwo. vr.
STNorsis or annhjij, niu
Now Hampshire Fire InisroiK
ComDonV 1
of Meneheeler, In le ""J ''StUS
ehlre, on lb. lb'r''V'LV,,.,. SiaS""
IH1 made lo J '""""JmJi !'
of tba State of Oreaoo, purra, w
faeama . ,M I
N.l nremlnme tef'lvtd ... ...I " I
Tola! Inter..!, dleldeaaa a .)ttiaf
ira, ... - 11LV"
Income from olhtr !..
Tnlal Inrami 1 TV
niiharseinniU
Net amount paid polieyhoM-
... fnr Inline " auitllH
Ixs ailjunimffit P,nl,,l ' ...i
iTtnta- eummli-looi or tMMjtri
...... ........ mulc
Taxee, llcenne and feel I
Dlrldenda pnl'l lo l.Kl"'M' Nl""
All other aipendllutea --jSj
,. .
Total dleourecni.ii"
Admlllrl Aieete
Valua of raal ealate oM, till
JmarUxt VSIUO ...i.
Lcin. on mortaai" aaa 411.-
a"a "f "
X:..s. t,lf,g
- "V ,:...." end on nf"?.r.
Otber aaeeu (net) SSSf'
ToUl adnillled a "" i
IJabllltle), BnrplM ,,fj
MSI Ji"T..C!f,uT.lrnVnVii:
pence for unIK ea
To'tal anearne PffT...
all unexiilred rw ilr
Salarlee. renle. ''',
accounla, fe" tK"
accrued ---: 'due or e'
fTShVliablllUea
toui iibi.'"'""!;j!
era .. ttftlli
Total dar,
Ruelnee. ft!
foot
,.i
"ly all
HI
lit,.:
'uns
. Rlvi
Jl:
Uu
Met
'P
rccj e
utrl