Herald and news., March 18, 1946, Page 3, Image 3

. T-IL
imical Use
,rlculturl outlook und
LrSl uso wore cllscussod
Pffil county BKonts con
Pi i etlinoml Frldiiy.
rSl KlBiiw"' County
Ha'1!., i...- lmirii-'n Innnit I
Pfnolii " I out that 2-4 D,
t.fS. .till In un ox-
..i i utiixe with some re
3' experiments available
nappcurs promising, ns a
VZai kllllnK spruy in
Ji.ids In biinoy noias n
'St bo appllod In umounU
than P"',d norcnt
' iTor ncro. A 75 to 100
solution to tho aero lvos
K&mIh Yuia "1"x
IMv i l. Komi iwfntn
Km "elective spray.
"h In onions, n pro-
I c sprny with dicnel oil
I" nmnn ani'iiv with
t compound has Klycn
Led control In onion fields,
brouKni ouv ui mv iiiwf
)
LSuaaestive
gutter Racket
mlmcoRruphcd letter re
i by tho Klamath County
It of commerce today was
.i... r a iinw rackol.
ficltcr stated that butter
nhjoll'io conuiiuuiiy m
southern coast city, the
"daughter an Invnlld ro
il butter In her diet and
itlng four or flvo pounds
shluucd from hero.
Li estimated that If copies
imlmooKi'"mO" iciicr wen
P. ..nv flimnhnrs nf coin.
find resulted In shipments
ur or fivo pounds from
II mlgnt turn miu kuuu
lor lomeooay.
math Basin Men
,t In Navy
following named men
Kilt to Portland by the
navy recruiting station at
Iilh Fulls March 11 and
worn in oy mo nuiccr in
at I'ortintiti jviarcn u.
Fredrick Tonncfoss. 021
li: Roger David Roso, 22115
r r... v.. It.... mifi
IV&UIlcr 1JUIIIIU ruillTII, loll
kill of Klamath Falls, and
It Ronald Kinkadc from
nd. Thurlo Jesse Ott, route
ii 631-B. Klamath Falls, re
in! In the U. S. naval re-
I for inactive duty nt his old
bltorpeclomnn third class on
lime date. , .
Yt tea mile equals about
yards.
iiest Colds
MMiswtjirifc
If M
in Tested
WapoRub
f you're not driving o
1946 Model ...
Your Car
NEEDS
REPAIR!
Wit not driving a 19,
T oi tho running parts of
i ear sro worn to tho
Jir-polntj your wiring Is
'ii sad probably In tho
tout stagei your engine
nroonod up and gas and
consumption Is excessive
nd expensive! Drive in
1st ua Inspect your ear
We'll do exactiv the
rk nicenary and not "sell
bill of goods."
I0 u ""'""SI
h, I.S?V ' Mnir.
I 'r. U. k 1 . nv irom
iWMe! "ompUlo coon.
I iiabi, f.""?"") "
Mil o.ii.r jdd
'Iks Ills olS-fiiblonid
'urnllun dmltr who
loud bthlnd itiry
" nn loin," I'll iiinn
'"Und every servlca
hipl i" "0t ' th''
M Sieve.
. He i.ld Jot e(
beda, tool
1
Prof. Knight Will Speak
f o Nigh School Students
To Speak Here
t
Prof, John Knlaht n win..
ette unlvorsltv. to .r...i, .t
KUH8 March 21.
Yellow Crocuses
In Full Bloom
Spring is here, five days early.
March 21 is the nomlnol date
for tho advent of spring, here and
everywhere clue, but In the front
yard of the! home of Mrs. Martin
Jenkins, 200 Mortimer, yellow
crocuses are in full bloom.
Crocuses arc an iinfuiling phe
nomena of the season so spring
has definitely come to Klumuth
Falls.
Hans Norland Fire Insuranco.
123 N. Bth St.
ll MAIN STIIET
Prrtf. .Trihn T. IfnMl.l ...III 1
-- - . .mm,!v win uc
ono of tho speakers from the In-
uujjuniiuiii oncges of uregon
ut Klamath Union high school
March 21 at 2:30 p. m. Knight
will talk on Willamette, Its his
tory, background, present and
future opportunities for gradu
ating high school students.
A graduate of Drew univer
sity, Knight has been teaching
religion courses at, Willamette
for the past three years, for two
years has been counsellor of re
ligious life on tho campus, and
recently was appointed to the
position of assistant to the pres
ident. Other colleges represented on
the tour of southern Oregon
high schools are Reed college,
Pac fie university, St. Helen's
Hall, Lewis and Clark college
and Llnfleld college.
YOU PONT
NEED CASH
AT Seswf USE
PURCHASE
COUPONS
Totj so t the Grm Offlef
Juit ooet to H book full
at ociupou ... Uira von
tpmA Ui epMpooi Juat like
Mih tH throufh Ut itore.
There's no 1w or formtl
lly, m tHfolof Mlei tllpe.
HcoaJI 4ob pMTmnt ti
monlhlr npAyraeoitt, Usual
ftrrjlvs; erisrse.
GET YOURS TODAY AT
YMir SEARS CREDIT Offiee
C of C Signs
New Members
A fine start In the chamber
of commorce membership cam
paign was made following the
luncheon Friday, with one work
er annrillnplntf fhrna nnu) mnm.
bers already signed.
Campaigners are asked to
send In reports of the number
of new members signed each
week in time for the report at
the board of. directors luncheon
Wednesday,
A report board has been put
up In the chamber office with a
side reserved for each team,
Farmers and City Slickers,
Cards for each member are pro
vided to be moved up or down
on the board as indicated by the
number of new members signed.
Housing Shortage
Forces Departure
Ted Hannan, clothing sales
man at Drew's Manstore for the
past six months, is leaving for
Olympla, Wash., where his wife
and son live.
Hannan has tried ever since
he came here to find suitable
living quarters for his family
with no result. He received
word that his wife has purchased
a home In Olympla so he is go
ing home.
Classified Ads Bring Results.
ORDER NOW
To have 'em when you want 'em
y"7, 'fyriff 'jTrv"'"vYf'V'"""m
Bra Jr.n mtw. mm- i
4, 5 j
ysTi
Profitable Meat and Egg Producers
As Low As
Place orders now for chicks as hatched
or sexed In all typos of hoary breeds
or leghorns. All chicks guaranteed 4A.
SEARS FARM STORE
Phone 5188 820. Klamath
5i
NEW YORK LIFE INSURANCE COMPANY
A Brief Review of the
101st Annual Statement to its Policyholders
Payments to Policyholder and Beneficiaries aggregated
$192,672,219 in l'J45. Of this total, $109,476,268 was paid
to living policyholders. Payments to the beneficiaries of
those who died, $83,195,951, were the largest in the Com
pany's history. Payments to the beneficiaries of policy
holders who died in tlie Services amounted to $8,361,400
in 1945, and $19,590,700 since Pearl Harbor.
Life Injnrance in Force in this Company totalled
$7,979,193,102 under 3,401,178 policies at the end of 1945,
the largest amount in the history of the Company. The gain
in insurance in force during the year, $334,489,672, was the
greatest since 1930.
Soles of Neio Life Insurance in 1945 amounted to
$561,180,100, an increase of $38,380,300 over 1944.
AjjcM, held fur the protection of the Company's life insur
ance and annuity contracts, totalled $3,813,504,094 at the end
of 1945, reflecting an increase of $242,765,154 during the
year. The assets exceeded the Company's reserves and other
liahilUics by $231,013,622, which amount constitutes the
Company's Surplus Funds held for general contingencies.
Holdings of United States Government Obligations
amounted to $2,319,748,756 as of December 31, 1945. This is
more than 60 per cent of the assets. The policy of investing
in United Slates Government bonds aided the Government,
in World War II, helped to hold in check the forces of infla
tion, and provided the safest of investments for the Company's
funds. The increase during 1945 was $380,643,935.
Holdings of AH Other Bond and of Stocks, preferred
and guaranteed, aggregated $857,100,505 at the end of 1945.
During the year the Company purchased $157,653,493. of
ouch securities, but, largely because of a substantial volume
of redemptions and maturities, the holdings decreased by a
net amount of $62,484,613, as compared with the end of
the previous year.
STATEMENT OF CONDITION
1 December 31, 1945
ASSETS " LIABILITIES
Gull on liand Winbsnks 156,675,514.81
Holdings of First Mortgages on Real Estate amounted
to $354,128,970 at the end of 1945. There were 34,211 of
such mortgage loans. During the year the Company made
1,150 new loans of $7,500 or less.
Holdings of Real Estate at the end of 1945 aggregated
$22,898,411. This amount compares with $35,976,144 at
the end of the previous year.
Policy Loans at the end of the year amounted to
$166,454,501 on 427,944 policies. The corresponding figures
for the end of 1944 were $188,185,417 on 483,338 policies.
Reserves Against the Company's Contractual Obli
gations were further strengthened at the end of 1945. Almost
three-fourths of these reserves were computed at 2'A per cent
or lower interest. The interest rate assumptions reflect the
Company's program of taking positive steps to meet the
realities of the low yields currently available from the highest
quality of investments.
Dividends payable in 1946 amount to $38,895,341. The
New York Life is a mutual company, and dividends are paid
to policyholders, only.
''.
A More Complete Report, as of December 31, 1945,
contains additional statistical and other information about
the Company and will be sent upon request. A list of the
bonds and preferred and guaranteed stocks owned by the
Company is also available. These booklets may be obtained
by writing to the New York Life Insurance Company,
51 Madison Avenue, New York 10, New York.
Pmidtnt
' Bonds:
fii.i. Cnvprnment
Obligations $2,319,748,756.00
Canadian 109.129,002.00 j
Municipal 3.1,511,137.00
Han-road..'. .' 233,526,062.00 ,
Publio Utility 321,924,103.00 1
'. Indtislrinl and Miscellaneous 74,504,514.00
itocks, preferred and guaranteed
Firnt Mortgagoa on Real Estate
Tolicy Loans
1(uil Estate:
Homo Office $11,172,924.00'
t,,m wnm onrinft
Properties 540.247.97
Foreclosed Properties under
Contract of Salo. 1,557,520.27
Oilier Foreclosed ,-1071001
I'ropcrtie 9,619,719.03
Interest and ttents due and accrucu
Deferred and uncollected Premiums (net)...
Ollior Assets
$784,716,542.00)
2,198,600,957.0oj
$2,983,317,299.00
.3,092.346.654.00
84,502,607.00
354,128,970.11
166,454,501.57
22,898,411.27
Reserve for Insurance and Annuity Contracts:
Computed at 3 interest. , '. $784,7
Computed at Z or
lower interest
Present value of amounts not yet due on
Supplementary ContraoU 310,610,004.00
lteserve for Dividends left with the
Company
Bividenda payable during 1946
Premiunia.paid in advance
23,189,388.92
32,031,975.75
1,276,071.20
$3,813,504,094.63
Of the Securities listed In tlie above statement, Securities valued at
$51,381,812.00 are deposited with Government or Mate authorities
as required by law.
181,187,718.29
38,895,341.00
31,554,274.13
4,200,000.00
21,925,663.76
7,141,412.99
3,658,759.15
TOTAL LIABILITIES $3,582,490,472.32
231,013,622.31
Reserve for fluctuations in Foreign
Currencies '
Reserve for other Insurance Liabilities
Estimated amount due or accrued for Taxes. ,
Miscellaneous Liabilities
Surplus Funds held for general
contingencies
$3,813,504,094.63
This Reserve is held chiefly against the difference between Canadian
currency Assets and Liabilities.
Tio Coimumy started business on April 72, 1845. It hat ahmyt beat mutiial and it incorporated under the lata of the State of New York.
The Statement of Condition iho,m above is in oceordoriM with the Annual Statement filed tvith the New York State Insurance Department.
Monday, March 18. 194S HERALD AND NEWS THREE
ME
SHOP BY PHONE SHOP IN PERSON AT
SEARS CATALOG ORDER DESK
Service for Eight
Vm. Rogers Silverplate . . 26.50
8-Cup
Silex Coffee Maker . . . 2.95
Synthetic Rubber
Drain Board Mat . . . . . 58c
Wall Bracket
Can Opener
1.96
1 Burner Gasoline
Coleman Lantern . . . . 6.95
9x11 Waterproof
Umbrella Tent ... . . 35.95
100-Yd. Level Winding
tina Reel .
Cast
3
2.00
3 Power
Veaver Scope . . . . . 5.49
5-Yr. Guarantee
Garden Hose, 25 feet . . 2.49
12-Piece Vi" Drive
Craftsman Socket Set -. . 6.25
15 Watt
Fluorescent Desk Lamp . . 8.87
Modern 3-Way
Floor Lamp 15.67
80-Rod Spool ,y
. . . . . . 4.69
ft.
Barbed Wire
See The Nsw 1946 Spring and Summer
Catalog at Sears
YOUR RED CROSS
NEEDS YOUR CONTRIBUTION
KLAMATH COUNTY QUOTA $43,100
Catalog and Retail Store Purchases Totaling $10 Or Morel
May Be Made on Sears Easy Payment Plan ;
PHONE 5188
DEPT.1
133 South 8th Street
i