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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 29, 1948)
PACE TWO HFRALD AND NEWS. KLAMATH FALLS OREGON MONDAY, MARCH 29, 19-18 RAINBOW THEATRE Br. thaws p. n nor RociCRH "HELDORADO" W "Johnny O'Clock" N O Esquire Tower n NOW Millnrr I Mqo.rt l:!lt p. m. I.v. Show tl:45 - :0 p. ni John 1 A:ff LlMi r ns Palmer ifi and Introducing Hazel Brooks BODY and son Pope Lashes Communism , In Address jlj VATICAN CITY, March S !. Pop Pius XII Mys Italy and Ihe world arc al the cronroadi In the contest over communism. "The treat hour at Christian conscience has sounded," proclaimed the head of the Roman Catholic church In a noonday Easter blessing yesterday. "Die white-clad pontiff spoke from a balcony of Su Peter's, the world s biggest church. Some 400.00O equal In ii fourth of Rome's noDUlatiou I heard him from the sunlit square be low. His talk came little more than three weeks before Italy's April 18 election test between communism and its foes. His listeners, mostly Italian, outnumbered any political gathering to date. No Mention He did not mention communism by name. But hearers plainly caught the meaning of his references to "deniers of that which is most sacred" and "agitators who make the negation of Christ the cornerstone of their work " "Over this multitude at belierinf Rome there lies almost a shadow of singular gravity . . . said the pope. Three light planes roared low over the crowd dropping thousands of handbills. Most of the bills bore the one letter "V" understood variously to mean vita (life), rictory and rote. Some carried a likeness of Giusep pe Garibaldi. Italian patriot, which, turned upside down, became a glar ing Stalin. The communist-domt nated popular front has taken Garibaldi's picture for Its emblem. Standing in well ordered lines were the youth of Catholic action, the church's 4.000.000 strong striking force in Its new. crusade. Extension Unit News i I'JHHilii NOW Tsllli 1 &crnlar prices fMI.l-H.i3-M i62 f 1:30 p. m. I Of PHONE 3262 Continuous from ENDS TODAY POWER 0. ' 1 ALSO MICHAEL O'SHF.A In 'VIOLENCE" End Demanded To Talks On Atom Ruling LAKE SUCCESS, March 39 lav Britain, China. France and Canada demanded today that atomic dele gates break off talks on Russia's scheme to prohibit atomic bombs. The four nations declared a mere convention banning bombs would, without world controls, help an ag gressor nation gain overwhelming military supremacy and would mis lead public opinion into a feeling of false security. They denounced the whole of Russia's atomic pro posals as Inadequate and unrealis tic. The four countries put a resolu tion before .the working committee of the United Nations atomic ener gy commission calling for rejection of the Russian proposals as they stand now. They asked the com mittee to declare there is no pur pose in discussing them further. Delegates from the four countries said the resolution does not consti tute a final and formal break with Russia on the whole atomic control problem. They said they are ready to discuss new Soviet proposals but they do not want to go over the same ground again and again. The United States did not join In the statement of the four countries but informed sources predicted the u. s. would suport it. 1 r a TOMORROW j I IlitL Wv ill i I Jungle Thriller I "Blonde Menace" wwow i iiai mm i u I' 1 1 1 " i is ; ! J ft ' " i s Last Winner Pays Up Fee The last of the 44 veterans who were aliened homesteads In the Cop pock Bay area at the drawing March ' 15, has appeared at the U. S. bureau of reclamation to pay his water rental for a year as required. The last man was from North Dakota. i Following paying of the water , rentals, land claims are filed with the bureau of land management in , Sacramento. While waiting for : certificates to be returned from the Sacramento office the new home steaders are getting equipment in order and preparing for the crops tney win put in. C. E. "Bill" Brlssenden of the USBR land management office here is making frequent trips to the i homestead area keeping a check on tne progress. I Two More Jap Mines Destroyed SEATTLE. March 29 lP) The coast guard reported today that two of five Japanese mines sighted over the week-end have been de stroyed. The Cutter Bonham exploded one o' the mines nine miles south of the Columbia river mouth and destroy ed one of two sighted 30 miles southwest of Cape Blanco. Another ns spotted 3'i miles southwest of the Sluslaw river bar. A fifth mine was reported by a n.frchant marine vessel 11 miles southwest of the Umatilla light ship off the north Washington coast, but the coast guard said no vessel was Immediately available to be sent there. These brought to 29 the number of Japanese mines found off the Washington and Oregon coast this month. Trailer Blast Kills Occupant PORTLAND. March 29 IIP) A fire and explosion In an automobile trailer yesterday was fatal to Mrs. Mary Barton, 83, who lived alone. Sheriff's Capt. Mearl Tillman said the woman told before she died of having smoked a cigarette before sleeping. She mas awakened by smoke and flames Just before a small gas stove exploded. Neighbors rescued her. Capt. Tillman said the woman's clothing was burned from her body. t'atrhaven Tilt home extension unit Is spon soring a card party Saturday night April 3 at the Falrhavrn school gymnasium. Bridge and pinochle will be played, starting at 8 p. tit. Mrs. Percy Cok Is general chair man with Mrs. Robert Baker. Mrs. Rtbert Hurlbut and Mrs. Ralph Bowers aa assistants. Awards and rcfieshmenta will be donated by members of the unit. Proceeds from the party will be dctiated to the Aralea House fund. This is a cooperative house to be built on the campus of Oregon State college and will be used by girLi Interested In home economics ari by 4-H club girls. The party is open to the public. POE VAI.LEY-OLEVE On March 12. 23 members of those units were present for an all-day meeting at the Rex High home in Poe valley for the project on adoles cents and the family life, led by Helen P. Stine, home demonstration agent. Mrs. A. L. Marshall was in charge of an interesting display of articles brought home bj veterans of World War II. An elaborate display of tex tile painting was under the super vision of Mrs. Wilbur Rolling and Mi's. George Roiling who are In charge of tills year's hobblrs. The afternoon session was taken up in suggest Ions and planning on projects lor the coining year, also on plans for the Homenuikrra fes tival fur April 30. Tho April meeting on foreign rookery will be at the Paul Brei lliaupi homo, April 9. and all mem bers are urgrd lo attend as this Is the last mooting of the year. Mrs. O. L. Brown. Mrs. Morv Bietthatipt and Mrs. Ed Wen will be the chairman, vice chairman and secretary for the ensuing year. Bit Of Eggshell Fnrol To Baby SEATTl E. March 39 1.41 A liny b!i of eggshell brought death late Srturdav night to vear-olH Lucille Ri in're' of Tnnnentsh. She had Ivetn rushed here for treatment Fri day Children's Orthopedic hospital of. I flo'nls said an oierotlon was per- I foimed to emove the egg 'shell fiom the bronchus but pneumonia developed and death followed. The little girl wns the daughter nf Mr. and Mrs. Joseph Ramtr.: of Topiieulsh. Henderson To Speak At Rotary Club SKKVlt K CI.I'B I'KOCiRAMS Lions club, Tuesday noon, Wll lard hotel. 30-30 club, Tuesday T p. m.. Wtllard hotel. Kiwauis club, Thursday noon, Wtllard hotel. Soroptlmisl club, Thursday noon. Pelican cafe. Ki ry club, Friday noon, Wll laid hotel. week by O. A. Hoiulnnon, Klamath county farm agent. Arnold Oralupp, superintendent ol city schools will speak lo tho l.luiu regarding the lmernutlonul edtua tlonal mooting at At lam Ic ciiy New Jersey, Jim Pattmann will be piogruiii chairman. 30-30's will devote their dinner meeting tills week lo final arrange mollis lor their Western Nights slug party to be held at (he Klauiulll county armory on Wednesday night Pete Uioon will be III charge of the meeting. Juyeeos do not meet this week us It is Ihe filth Monday In Uie iiioutli sjoroptimista will conduct business, al llirlr meeting and Kiwunls had not completed plans fur this week's pro gram by Monday morning. SAUiON The annual state of the basin re port with agricultural figures will be presented to the Rotarians this Turn those no-longer-used articles into cash now I Herald and News Want Ads are Inexpensive and brum quu'g restina. KIRBY Vacuum Cleaners Lifotime Guarantee Free Demonstration Telephone 9200 LIGHTING FIXTURES HOME WIRING SUPPLIES Frr Information MARK SMITH AND COMPANY IM E. Main Phone M70 Wi Hove CROSLEYS for immediate, delivery SELBY WILLYS MOTOR CO. 101 S. 6th Phone 89.14 NEW YORK LIFE INSURANCE COMPANY A Brief Review of the 103rd Annual Statement to its Policyholders Assets ... The assets, hrlj for the protection of the Com pany's life insurance and annuitv contrurls anil lo meet other obligations, totalled $ 1,234,181.598 at the end of 19 17. Bonda and stocks are valued in conformity with the laws of the aeveral States and as prescribed by the Mationul Association of Insurance Commissioners. Liabilities . . . The Company's insurance and annuity re serves and other liabilities aggregated $ l.0O3.K5.87 1 at the end of 1947. Surplus funds held for general contingenciel totalled 5231,118,724. Resert'fj ... At the close of 1947 the Company reached major objective in its program for strengthening insurance and annuity reserves. All of its life insurance reserves are now held on an interest basis of either 2.' t per cent or 2 per cent. All. of its annuity reserves are on a 2 per cent basis. The program of reserve strengthening, which was undertaken lo protect the interests of policyholders, has given recognition to the effect upon the Company's net earning rate of exceed ingly low yields on high-grade investments. Policyholders can take renewed assurance from the knowledge that the Company has an overall reserve basis as strong as, if not stronger than, that of any other life insurance company in the country. , Mortality Experienced . . The Company V mortality ex perience in 1947 was favorably low. In November of 1947 the Company adopted for its new series of policies a mortality table based on more recent mortality experience and there fore, in the years to come, the margin between "expected mortality" and "actual mortality'! experience should not be so great as in the past. Expenses ... The Company, in common with practically all individuals and businesses throughout the country, quite understandably has been affected by rising costs of materials and wages. Continued efforts are being made to improve efficiency and effect economies without impairing the essen tial services rendered by the Company. Interest Earnings . . . Tiile the rate of interest earned by the Company in 1947 exceeded the rate required to maintain reserves because of the Company's program of reserve strengthening, the rates of return available on new invest ments of high quality continued low throughout the belter part of the year. However, in the closing months of 1947 there was an encouraging upturn in interest rates on new investments which it is hoped will continue. Dii icfcndj . . . The provision for 1918 dividends to policy holders is $37,151,312, as compared with $41,730,229 for 1947. The amount available fur dividends was affected by Ihe low yields from prime investments and increased expenses due to higher costs of materials and wages, as well as by the Company's program of strengthening reserves mentioned above. Termination DiViJendj . . . The Company has declared termination dividends payable in 1918 on life insurance policies in certain categories. Such dividends, which are in cluded in the provision for 1918 dividends to policyholders, become payable as the polities in these categories terminate in 1918 by death, maturity or surrender fur cajb aflcr having been in force at least twenty years. Surrender Allott'ancrs . . . For the Tear 1918 the Com pany has adopted a plan for allowance of amounts in addition to contractual cah values under life insurance policies isMird before June 1, 1914 which during l'M8 are surrendered for cash. This plan has been made possible because of the Com pany's having completed the major steps in its long-range program of strengthening insurance reserves which has been in progress for several years. Sew Series of Policies ... On November 17, 1917 the Company introduced a new series of policies with cash and other non-forfeilure values based on the Commissioners 1941 Standard Ordinary Table of Mortality and intrrest al 2 per cent. In the Company's series of policies issued from June 1, 1914 to November 17, 1947, such values were based on the American Experience Table of Mortality and interest at 21 1 per cent. Life Insurance In Force ... At the end of 1917 ihe Com pany's life insurance in force exceeded nine billion dollars, which was the largest volume of protection in force in the Compuny during its entire history. Policyholders have $9,003,004,01 4 of life insurance protection under 3.IA1.297 policies. 'Hi is was $520,290,199 greater than at the close of the previous year. Stiles . . . Sales of new life insurance during 1947 totalled $857,384,000. In the amounts of sales and life insurance in force, family Income policies paid for in 1947 are reported on a higher basis than in previous years. This change has been adopted to conform with the customary practice among many other companies. On a corresponding bais, sales of new life insurance in 1917 were approximately 2,'i per cent less than the sales in 1916. Payments to Policyholders and Beneficiaries . i During 1947 the Company's total payments lo policyholders and beneficiaries aggregated $ 190, 98,79 Of this amount, living policyholders received $113,716,390 and Ihe bcncfi ciarics of 19,804 policyholders who died received $81,082,401. A Nan'onii'i'dc Organijation , . , The Compan? does business in each of the 48 States, the District of Columbia, Alaska, Hawaii and the Dominion of Canada. While national in scope, the New York Life is rery largely local in ils opera tions in providing services to ils policyholders through 138 Branch Offices in principal business centers, as well as through its sales organization of over 5. WW agents located throughout the United States and Canada. President ASSETS Cash on hand or in banks $ Bondi: I nited States Government. .. . 2,M2,01'),7.V) Municipal Railroad , , I'ulilic L'tilitT Industrial and Mist.-HlanroiM. , nl.. 33.339,605 2OT.I37,3t)l 5W).'IT6,8fil 2 M,07 1,4.18 Stocks, preferred ind giia First Mortgagi on real AM ate. . . $ 3'B.71 7,710 Let Valuation Rewi Real Ktlalr: Properties for Company u!. . . $ Forecloned Properties, including $385,910 under contract of sale Kental Housing and Business Properties Policy Loans . , . , , , Interest and Rents due and accrued Deferred and uncollected premiums and other assets STATEMENT OF CONDITION December 31, 1947 LIARILITIES Beserve for Tnanranea and Annuity Contracts! Computed at 2H'intereat. . . 2,S60JU),6."i7 Computed at 2 Intereat 717,863,928 Rraerve for optional aettlem'nts under policies previouqlr matured Reserve for dividend! left with the Company Provision for 19 W dividends to pnlicjbolilera Reserve for premium! paid In advance Policy claim! in course nf settlement and proviiifin for claim! not reported Reserve for unmatured option! in poltcie!. . , Reserve for other insurance liabilities , Provision for taiea Miscellineout liabilities TOTAL LIAMMTIKS 1 1,003,06.-.,874 Surplus fundi held for general coutingenciea 231,118,724 12.276.826 6,46: 23,2 ft, 2,2jj 3,819 V 9,360 J 41,538,001 3,410,912.321 10t..',39,271 386,1W,704 40,227,434 iai.rM6.208 2U73,57t 39,26.li,083 1 1.234,184,398 .U78.10t.S85 S66.S3I.074 213,701,744 37.1.-.I.312 39,071 ,39 J 13,068.168 40,000,000 S,.r43,6.r.S 5,666,318 J,.V)7.627- ff the aernriliea b'Med In the ahnva statement, securities valued at $33,014,806 are deposited with Guvernmenta and Stales aa required by law. tl.23t,lllt,.F9H T provide for 2?j interest valuation on malnritr of option! In Hiriea "i P'ior to 1939, which mainly hv 3 interna! filar. anteei. Tht Company nrrt iuvneu on April 12, ISIS. Il hot alunyl Urn mutual md U InnrpnrnlM wdn iht lam iht Stat eA'eu Turk. Tht Statemtnt of Condition thown almt it in accordance uitk Iht Annual Staltment filed Kith Iht And York Slot hfuranct Department. A more complete report will gladly b sent upon request. In addition to further details on ihe Company's operations during 1947, it discusses a number of subject believed to be of particular interest to policyholders. A copy may be oblmned by writing to the New York Life Insurance Company, 51 Madison Avenue, New York 10, Now York. PECIAL1 An Extra Large Assortment of Chrome Dinette Sets at Lucas Furniture! Save now on smart Chrome furnituro . . . choote from a wide vorioty of styles! Idoal for kltchom, dinettes and commercial use , , . attractive, sturdy, built for a lifotime of hard use. SxtmUoa CHROME DINETTE MnrtfkaiMlttMl II ! Hue mum uhle (uprnt from Wx I-'" to JJ") an.t ftmr m.hly, cumlmuWc vhsitt. .UUmtti, hmituicil pUMn (Me top lakct sll mm ol st'ii , 1 1 4 ni rMiy itl, d-uup doth. Ytxir ihoue ol rrd. hlur or tsn linen, i.h ituiri iiphaliirird in ird, blue of ivuif Irsiheinif. A jtr letting- tot cvrty mrtl. 69.50 CHROME PcdedtaimiJll in u jn 5ri(e Mtuijt JtriKip tint Mpt mzVe nrry.Ur nictli U nustioml 'Ublc top ii Mi" m (iijmrtrf, nude of limuuiril jtljinc itut on i tfik, thip uf italic ten u hcil, sliobot snti idi, ilrn Mh ft aimp cloth, lisy uilnri - rci. blue or tan linen, iih fiwr ihsirt uj'lioUicicJ in ted, blue of i.tuy Icuhrmte. Reg. $76.25. NOW 67.95 Welute CHROME DINETTE' Suit rrfciiory uh)t tili life tuiltry disrr and fuuf itimfy, om lortihle ihiif. Iniinitcd pUtnc lop. 2."i h" cka Ji lo M t Id, irvivrt sll sort of sbuc, cornel tn tt, blue or un linrn. (.lutfi upholucrcd in red, blue Of ivory lestlieielie. A lifetime- of Krvicet 79.50 Smalt an J useful ROLL AWAY CHROME TABLE wtiw aim, iiiiimi Sturrllly huilt for Ion of r. Top ii 18" i 24" of laminated plistic In red, blue ot tan linen, with 8" hinlwood leaves. Chrome leas hive niters. Handsome Hardwood Dinette Set it x it ruti-ntlnn table has two l-lnrli leaves. Well built, with rrtl leath erette rlmlr aeala. Table and four chairs. Reg. $59.50 NOW 49.50 18.00 Easy Terms On Any Purchase 195 E, Main jfcv.i.v,...,fc .in a, r ii Sur duration Saytn Yom Hanmyl 4
