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