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