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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 21, 1947)
Seavey Will Head Elks In 1947-48 , Chui'li'n Ki'iivoy, niiiiiuKi'r of till! I'llClflC Tl'll'pholll' Ulld Tl'lo- Ifraph roiiipiiny lien, wiik elci'l rl rxnllcd ruin of tin1 KIiiiihiIIi riillK Klkx Indue. No. 1247, lit thu annual biillolInK held hint nlttlil. Srnvuy. wlio him wived In . iiiiiny chairs In llu- llu local 1 , IihIki', will Ih limlnlli'd on April 3, iiIiiiih with u complete roNli'i' . of new nfricrni tuinird limt nlillil. Tin-up Include: K. Mil 111b. t'Kli'i'iiii'il Iciidlnu knlulil; Jiirk llriiiiilon, vstccined loclurinu knlulil: Kslln KlKcr, . treaiuirrr: (i. W. lliiiiHlon, score-1 tiny; Lawrence Hliilor, Lester i Offleld mid L. J. Clonic, trustees; Krrd Cilovcr, tiler, and K. II. Hull, iiltcrmitn drli'itnlr to the ,- - grand UmIko, iiiKiniiiim nrricct- April :i will ; bp Malcolm Kpli-y, (orincr dla- Irli'l deputy uriind exulted ruler, OulKiiliill PxnllPd rnlpr In Wll ! lard Ward. A niujor pvpiiI In Hip comlnij Indue ypur will lie the Kriiml J IimIkp convention to 1)0 lii'ld in Lodge Head New Librarian Arrives Here Klciinnr Davis, recently named KIiiiihiIIi county librarian, Ik not a atriuiKcr to Kliumith Fall as aim spent several weeks here Ihn summer of 11127. at which thrift slio win Malheur county librar ian at Ontario, Ore. Minn Davis arrived the early part of the week to lake over lu-r duties and fllllDK 'the va cancy left by Mary McComb whom death occurred In late December. Minn Davis win formerly with the Orciton stato library under Cornelia Marvin, now Mm, Walter Pierce, and transferred later to Malheur county. In that capacity lie made frequent field trips throughout tha Mate for the Mate library and was. hero when Mil (Irjd Oil-noil, (Mm. William OunouKi, wan thu Klamath coun ty librarian, Mini David la mak ing her home at the Mrs. J. 1, fteard residence, (I2B Pacific Terrace. The county library staff is now made up of Mix Duvls, head librarian; Alice Waldron, asslst ont; Alice Blocker, school li brarian; Kr. Leah Steele, cir culation desk and Bookmobile; Mm. I). C. Thomas, Mm. Cladya Cox, Mra. Claude FerKuson, as sistants. i Many Birthplace! Smyrna, Rhode. Colophon, Salamla, Samoa, Chios. ArKoa, and Athens nil claim to be the birthplace of the great Creek poet. Homer, Easter Booms Spring Buying NEW YORK. Morch 21 Pit Eaater buying booated retail aalea In the week ended Wed neaday well ubove the pre ceding week and 0 to 13 per cent over the corresponding week a year ago. Dun A Brudatrcet re ported today. "Shlpmenta improved and moat retailera were reported aa being well Blocked," the business research firm said. "Shoppers continued to display resistance to high prices and inferior quali ty." Interest in women's spring ap parel increased noticeably with medium-priced suits and blouses In heavy demand. Some shoppers were attracted by clearance aalea of winter clothing. Rc queata for children's and Infants' wear increased. Against Indapandanet Approximately one -third of the inhabitants of the original 13 colonies in 1776 were loyal ists and favored a continuance of British rule. UFHAI.D NKWS, KUmalk Mill. Or.. raiOAf, Marok II, IMt, f.f. (! Power Line Cause Of Man's Death LEBANON, March 21 1 The contact of a derrick wit: a power line killed E. C. White, 68, and slightly burned his son, Robert, near her yesterday. White was drilling well when his derrick struck thtt line. Ho was working a mil and a halt south of here. He lived at Lebanon. This Is Charles Baavay, elect ed last night exalted ruler ol Klamath Falls Elks lodge. Portland July I3-I8. Lodges of southern Oregon lire planning a special float for the national parade which will be a grand lodge feature. Of the lu.miU.UOO adults Haled a a almost Illiterate In the U. S. census, 3,000.000 never had at tended school. t r" COMMERCIAL REFRIGERATION ELECTRICAL CONTRACTING MARK SMITH & CO, 15S C. Main Phone 5370 4 Saturday Night 9 to 1 "Music As You Like It" by the DANCEMASTERS Admission, 74c, Including Tlx Sponsored by Post 13B3. V.F.W. NEW YORK LIFE INSURANCE COMPANY A Brief Review of the 102nd Annual Statement to its Policyholders' Payments to Policyholders and Beneficiaries ijigtefttttA 189,71) -MM in 1916. Of this summit, living policyholders reccivrd $ 110.293,027 ami the brnrliriariet of 19,782 policy holders who died received $79,j01,OO-t. Life Insurance. In Force it the end of 19 16, uiulrr 3,361,355 policies, totalled t3.:itH,1 l.'i, llio largest amount in tho Company's history. The gain in insurance in fores last year, amounting to $561,115,313, wis greater msn tn any previous yesr. Holdings of First Mortgages on Real Estate were valued at $.135,772, l')2 at the end of the yesr. There were 26.9)10 mortgage loam on residences for amounts of less than $10,000, aiigrceating $107,164,200. During 1916 the Com pany made 3.4 15 new mortgage loans segregating $46,785,930. Of these, 1,721 were mortgage loans to veterans amounting to $12,009,039. At the beginning of 1947, the Company had mortgage loan engagements in excess of $11,000,000 which it expects to consummate during the current year. Sales of NctU Life Insurance, during 1916 totalled $H32, 4K4,(HH). The increase over the previous' year has $268,303,900, or 47.5 per cent.. . ; ; ' . ., , Assets, held for the protection of the Company's life iniurunce and annuity cnntrsels and to meet other obliga tions, totalled $t,()2(i,689,2U0 at the end of 19 U5. The aorta eiceedrd the Compsny's reserves and other lia hilities hy $231.038.6.32, whieh amount couMiltites the Compsny s Surplus Funds held fur general contingencies. Holdings of lionets at the close of 1946 aggregated $3,317,201,757, or 82 per cent of total assets. Of thee bonds, United States Government obligations comprised 61 per cent of total assets; public utility bonds, 9 per cent; railroad bonds, 5 per cent; Canadian bonds, 2 per cent; municipal bonds, 1 per cent, and industrial and miscellaneous bonds, 4 per cent. Holdings of preferred and guaranteed stocks smounlcd to 2 per cent of total sssels. Increased, Corporate Irtrrstmems in 1946 reflected the growing demand for funds by private industry. During the second half of the year, the Company's holdings ot invcslnients in corporate securities increased $118,521,671, JRcnlal, JJou.nng,4)roviiled a new medium for the invest ment of the Company's funds. Two developments were started in 1946: Stanworth, it Princeton, New Jersey, with 1 50 apartments, and Fresh Meadows, at Queens, Long Island, ;, New .York, with about 3,000 apartments and also shopping : and othri facilities for a community of some 10,000 people. Reserves against the Company's Contractual Obliga tions were furllicrstrengthencd at theendof 1946. All of these reserves are now computed on an interest basis of 2H per cent or lower. This action has been taken to protect the interests of the Company's policyholders in view of the continued low yields from the highest quality of investments. The Provision for 1947 Dividends is $41,730,229 as compared with $38,895,341 for 1946. The New York Life is a mutual company paying dividends to policyholders only. To Serve Policyholders and the Public, the Company maintains 126 Branch Offices in principal cities and a sales organization of over 5,600 agents throughout the United Stales and Canada. Prttidtnt STATEMENT OF CONDITION December 31. 1916 ASSETS Cash on hnnil nr In banks UiiihU: Uuilrd States ("invernmnnt Oliliirs- turns Caiiailiioi , Miinii'iinl Itnilrotiil Public Utility Industrial anil Miscellaneous. Stocks, prcfcrrcl anil Kuarnutecd. I SS,Si:,771 .i,t:6,nr,it,.i6 82,78f..OI8 S.VIM,:08 U.3I7.26I.T57 20.,4-'..,039 3.iR.933,6A0 l.W,B21,linl 97,-lM,:M 22,811,711 First MortRnaes on Heal I'jitnle. , , , S.t5,772, l.i2 Itcnl KHatn: Properties for Company use 110,9111,106 Foreclosed Properties, including: $.ii2,267 under Contract of Sale,. 6,866,002 , Rental Housing; and Business Properties S.0.10,2.1.1 1 Policy lmiu.., Interest and llents dun and accrued Deferred and uncollected Premiums (net) Othsr Assets . l.V,6.1l,0IU 22.1.13.BIIS 31.. 176.9.10 1.708. m ft,026,6HQ.2H0 LIABILITIES .teserve for Insurance and Annuity Contracts: Computed at 2?i Interest $2,212,3i:,U Computed at 2H internat 186,544,029 Compiiteil at 2 intermit 555,28(1,639 Ileserve for future payments tinder Supplementary Contracts Reserve for Dividends left with the Company Provision for 1917 Dividends to policyholders. , , Reserve for Premiums paid in advance Policy Claims in course of se ttlement and provision for claims not reported Reserve for other Insurance Liabilities ,, Provision for Taxes Miscellaneous Liabilities M ... -.. TOTAL LIABILITIES Surplus Funds held for general conlingencias., $3,132.1 1,1.881 338,809,469 196,523,634 41,730,229 36,187,751 11.187,664 S.5IM.19 i 7,063,627 3.132,933 :,793,630,6I8 " 231,038,632 1 1,026,689,280 Ot llie. Securities listed in the alsive statement, Securities valued ut $.i5,936,374 aro deposited with Uovernuirnts and Slates as required by law. , N , The Company Unrlri bmintsi m April II, f ft hut uii.n J hrm mutual and it inrorporalfd nniti tht fowl of tht Stale of New Yorlc, Tht Statrmrnt of Condition ioicb nine it in airordanct uilh the .limual Slattmmt HM with tht firm York Statt Insurance Drpartmtnt, A more complete refiort will gladly be sent upon request. In addition lo further delails on the . Company's operations during 1916, it discusses a number of recent developments believed to be of particular interest to policyholders. These includo the Company's entrance into the housing field, the welcome return of hundreds of veterans to the New) York Life organization, the serious rising trend of fatal automobile, accidents, and a fcwcxamplcs from the many thousands of actual cases during the past year showing how life insurance serves human needs. A copy may be obtained by writing to the New York Life Insurance Company, 51 Madison Avenue, New York 10, Now York, LOGGERS! See these trucks ond trailers . . . complete) . . READY TO WORK! 1941 GMC-Trombly Trailer 1944 KR-11 International Trombly Trailer 1941 K8 International Pag and Page Trailar INTERNATIONAL TRUCK DIVISION Corner 11th and Klamath Phone 7755 Builders & Contractors Ready Mix CONCETTI! from ' APPROVED, WASHED, GRADED SAND and GRAVEL for QUALITY STRENGTH WORKABILITY GLADNEY & ADAMS Phone 7401 P. O. Box 838, Klamath Falls, Ore. Plant Midland Road at So. 6th "Lefty, your car pictxG-up like a tired piffcher (fielding a bunfl" MTI0Y: As a ball-hawk you're strictly big league, but with cars you bat .000. Listen to that motor! It's laboring like a rookie in Yankee Stadium. Wise up, pal, and fill up with Chevron Supreme Gasoline. It's "climate-tailored" to fit local driving conditions, and its high octane rating slugs pings right out of the lot. LEFTY: Son you're throwing strikes. With Chevron Supreme under the throttle, we take off like a line drive. And notice how she flies up; the hills with nary a knock. Standard's Chevron Supreme looks like a great triple-play combination to me, kid . fast starting, smooth pick-up, and an easy put-out on pings. Its good going on S SUPREME GASOLINE There is no better gasoline at any price
