The Daily Alaska empire Newspaper, March 5, 1945, Page 2

§ ety - aw! THE DAILY ALASKA EN[PIRE——JUNFAU ALASKA [an_ etficlency iden from therkisey °AGE TWO lister, Mrs. Elatry Carroll, Mrs. Paul MONDAY, MARCH 5, 1945 |MINNIE HACKETT IS lAvE“IK HUDSON’ Cowan chartered a plane from GARVI“ ElE(IED Talkington a3d. Mrgl Ahrt l;’dcsmx::xlwnk ’ the Cordova Air Service, and with The initiation wi e al o’clocl s : and will be fullowed by the party. vls"m I" JUNEAU * Red Underwood flying, he dropped the reels at strategic g}:\ots along | | HULCE ARE HIGH e e NEW CLOTHES, "IN ELKS BOWLING ‘v “oronimate 550 mowss o1 FOR LITTLE MEN... [ it i | A good turnout is expected. PRESIDENT, TERR. i expesed C. OF (OMMERCE" S0 AR Miss Minnie S. Hackett, R. N, Supervisor of Nurses of the South- iern Yukon Region, with headquar- iters at Whitehorse, is a visitor in 1S GOING 10 They're two-fisted and handsome, too, these swank new clothes for little men . . . Smooth ensemble suits, sport coats, suits and loafer jackets. In 1009 pure wool, good looking patterns and colors . . . ENSEMBLE SUITS NEW! A sport ket with match- Tweed tones in handsome patterns SIZES 10—20 $28.50 SPORT COATS Just as little gents and young men like them . Tweeds and shet-. lands, handsomely tailored and styl- ed, 100% wool. SIZES 10—20 $10.95- $14.50 LOAFER JACKETS Ideal for school or casual wear Two-tone combinations, jaunty and wonderful to own SIZES 6—18 $12.95-$18.50 B MBEHRENS), 0, FRISCO MEET Senator A*Ee—pls Presi- dent’s Invitation fo Be "U. S. Delegate WASHINGTON, iarch 5—Sena- ator Arthur H. Vandenberg; Republi- can” from Michigan, announced he had accepted President Roosevelt's invitation to become a delegate to the World Securlty Conferente ih San Francisco. + The Senator said he made his decision after “the ex- change of cordial and satisfactory personal letters with the President.” ' This exchange clarified “my righs to-free action,” he said, 25 a dele- gate to the conference. Vandenberg {turther said: “I wish to do every- | thing within my power to establish |a practical system of collective se- icurity as a basis for an effective peace.” | Senator Vanbenberg added: “I'm | frank to say my chief unxiety about the tentative Dumbarton Oaks form- ula is that except in its brief World | Court chapter jt doesn’t once men- ‘uon Jjustice as the guiding objective or rule of conduct.” The exchange of letters between There is no substitute for newspaper advertising! | B.P.0.ELKS LDTIMERS' NIGHT ke WEDNESDAY March 7, 1945 SP. M. b g ks A Session to Honor the Long Time Members “7 ENTERTAINMENT and EATS (_4;, e N Visiting Members Invited (*) Average—Did not bowl. - — MANY PASSENGERS INFROM SKAGWAY | ON CPR STEAMSHIP The Princess Norah arrived in port late Saturday night from Skag- way with the following passengers discmbarking here: Robert Afflen- back, Virgil L. Betk, -Eric Beards- ley, Mrs. Miller Baundige, Robert Beundige, Darlene Baundige, W. J Drawen, Mary Beatleau, Jce Billote, Rebert Cruzon, Frank Clement, Stanley Estenson. Harry Eli, Tad Hillery, Miles God- k'ns, Carl Grahn, Finas Hamilton, M. Hachett, Wilbur Irving, William Jones, Clarence T. Johnson, E. Jones, | Mrs. Elsie Jones, Martha Kasko, Mrs. Elsie Kasko, Mrs. Helen Milles, Erlene Miller, J. G.'Molyneaux, Mrs. Lea Moe, Mae Naugle, E. W. Norris, May Lovett, A. A. Liston, L. Pinalu, F. Philips, A Rhinehart, Mrs. Ruth Rock, Miss R. Sweeney, Mrs. D. Vertin, Mrs. H. Williams, H. Williams. The following passengers left for : Mrs. H. F. Ottesen, Mrs. tion, Temmy Feller, Frank For Ketchikan—William E. Byrd, Mary Heath, W. B. Heisel, W. R. Bocth, H. D. Stabler, James J. Fareber, A. C. Shanks, F. Clement. For Prince Rupert—Arthur Van Humbeck, Edwin Wildemuth, Emily M. Wildemuth. For Seattle and Vancouver B. C.— n Marks, Mary M. Kelly, Mrs Lola Hill, Florence Welch, Leir Ao Weleh, Jerry W. McKinley, Irene McKinley. + Leo J. Jewett, Genieve Fuller, Ma- rie B. Perron, Bessie Dapeevich, Faye Watson, Lawrence Wand, Georgetta Hartmen, Marilyn Hartman, Paul-| |ino Delfin, Sgt. H. R. Brown. | B A e | CORDOVA MAN | USES PLANE IN | DIFFICULT JOB| CORDOVA, Alaska, March 5— Engineer Tom Cowan of the Alaska Public Utilities, which is supplying power for a new cannery at Orca, had the tough job ahead of him of |stringing three miles of wire over really rough country. Faced by bad weather, labor |troubles and the difficulty of carry- |ing those 250 pound reels of wire over the rocky terrain, he borrowed Su Crooner Is Again Disqualified for Military Service | JERSEY CITY, March 5—Crooner Frank Sinatra has again been dis- qualified for military duty and is now classified as engaged in work necessary to the national health and safety, draft officials an- nounced. Ira Caldwell, chairman of the local board, said if the board had not considered the work so im- portant they would have marked him non-essential. He also said the military examiner ear-drum the only Sinatra is now until September. -, - AMERICAN LEGION AUXILIARY thing wrong. MEETING The American Legion Auxiliary will hoeld its regular business meet- ing tomorrow night at 8 o'clock at the Legmn Dugout. - FROM SKAGWAY Mr. and Mrs. Elmer L. Jones, Skagway, are guests at the Baranof Hotel. HAIR STYLED by Experts WE SPECIALIZE in Cold Waving Permanents Styling Shaping Hours 9 A. M. to 6 P. M. Baranof Beauty Salon OPEN EVENINGS BY APPOINTMENT _PHONE 538 ZIZ on the, with a turn of your Cherful as PRODUCTS IRATION, NEW WRK BOURBO’::;IW—’I’:;"“D +86.8 m?vlnmmu “!U“N- SPIRITS JQ ll /// sur = rist ! & fasy BRAND | | | | found Sinatra’s classified 2-AF | - | Senator Vandenberg and President Roosevelt coincided with word that the White House had asked Vice | President Harry S. Truman to serve as liaison with the Senate to clear the way for favorable ‘ action- on forthcoming treaties. . . |o (U, S. Weat%°r Bureau) . Making many 500 and better Homer Garvin of Juneau was' © Temperatures|for 24-hour @ Juneau, where she will confer with |scores, the Sunday Afternoon Bowl- named yesterday to head the Terri- | ¢ perjed ending at 7:30 o'clock ® |Indian Service Nursing and Educa- ing League players held another of orm r ‘torial Chamber of Commerce for o this_moyiing © |tion Department heads. their contests on the Elks' alleys the next two years. He succeeds o o o o e | Enroute to Juneau, Miss Hackett yesterday afternoon, with Finance Senator O. D. Cochran of Nome, o In ‘yuneau_Max.lmum. 36; e stopped at Skagway and was shown taking the Signacs to the tune of who has held the presidency for‘. minimum, 32. Pi¢cipitation, e 'the Indian Service Sanitorium by 2,572 to 2,494, and the Elks winning the past six years. {® .63 of an inch. \ e Dr. Norris, Director of Public over the Area Engineers, 2,657 to . | Other officers elected in the o At Airport—Maxioum, 37; e Health. 2,542, | Territorial Chamber’s final meet- o minimum, 32, Precipitation, ®| She was accompanied here by a Complete scores follow: f ing in the Senate Chambers are: 's 12 of an inch. |friend, Mrs. Berthoux, of White- Finance | 5 Val Poor of Douglas, First Vice-|¢ o o o o @ ® w ® e . horse. X Spot 53 53 53—159 | President; Leslie Nerland, Fair-'y TEMPERATURES SONDAY e e Rowley 163 137 185—485 | e banks, Second Vice-President; Sen- o o o o | . NESVOOG HERE Bachman 129 148 160—437 H ator Edward D. Coffey, Anchorage, o In Juneau—Maximuzn, 44; e | Fribush 1 lso 1| Couple Come North Agaln, Third_Vice-President, and Martha e minimum, 29. Precipitation, ® Sam Nesvoog, Ketchikan, is a McClellan 144 128 164—436 U 2 Old M th d'o Wendling, of Juneau, Executive ¢ 61 of an inch. e guest at Hotel Juneau. Hulce 101 157 189—537 | Smg eino “L(‘l'et’l")’ | o At Airport—Maximum, 41; e e e, TG A SRS ST G | minimum, 25. b FROM SKAGWAY Totals 795 803 929 2527 De“de Spo' 1 e o o o 0 o o o o o P Signaes i (0 Emblem Club W|" le TOMORROW'S FORECAST ® Mrs. Malcolm Mae, Skagway, is Spot 106 106 106—318 CORDOVA, Alaska, rel s g § ® | registered athesBAranoL. K«'&slz‘r 96 139 147—382 Cordova now has a pair of new i® Mostly cloudy witke inter- e — e R Fisher 137 124 151—412 residents who, up to the time their Inma'e Then to |« mitient snow or rain tonight ¢ Pt I Bartlett 158 157 141—456 boat docked here, had no idea they and Tuesday. Little change e Sroasdill 172 154 138—464 would ever settle in Cordova, but H S (Ial Mee' in temperature. Coldett to- ®| Kenneth E. Smith, a guest at| 3urkette 148 151 163—462 now prcrpls?-e to be among Cordova’s ave o night, ?3 ; warmest Tues- ® ¢ho Baranof, is here from xewm- o s o feAiing oHARena; o LT | day, 38°. ® kan. Totals 817 831 846 2494 H:j‘]he)recx;]ilyM;»r 35‘;n Di‘e:o .Cali-. The Emblem Club meet.ngm;o-“ v o6 0.8 09 LI S ) -i :;m i morrow night in the Elks lodge | e i . k7 O iy room Wil Be fn e ifm o & FROM SEATTLE Lorne L. Lincoln, registered from Carnegie 148 205 179532 Ketchikan and Sitka ==~ social, with initiation of new mem-| Peggy Landaas, registering from |Whitehorse, is a guest 4 the Bar-| S Al <8 AP Ttr:d or[thiuo u:s o itn:yth:cn; bers rather than the usual busi- Seattle, is a guest at the Baranof. anot Hotel. Holmquist 176 184 144504 to return to Alaska, usi ot { Sk <k 2 Bl - % ess meeting. | % PP M5 169 117461 old method of closing WEE *9%S "The committee in charge of en-| GODKINS VISITS F. G. WALTON HERE {EndBG i I il s - 7 ] " tertainment, Dora Sweeney, chair-| Miles Godkins, Juneau man, now | Faye G. Walton, is a guest at i — —— — Valdez was the spot chosen, an man: Anita Garnick and Mary Ba- employed at Skagway, is paying a |the Baranof, registering from Wil- Totals 842 909 906 2657 ;’cfit"tw“;‘tplgsgzie: mx:;e st::}t vard, will not disclose their plans brief visit to his family here. liamsport, Pennsylvania. e i in advance, but promise a good —_——————— - et Spot s “.‘ g anilm‘;:ressmn by e time for everyone. McKINLEYS OUT : The Thirty Years’ War in Ger- IO o 16465_435 e e Mrs. R. B. Mclvor is chairman Mr. and Mrs. Jerry McKinley [ many between Catholics and Protes- | Nienolls ol B kv e houfiing fshortage ?id of the refreshment committee, left on the Princess Norah for altants ended in 1648 with the Peace ‘(’;l‘lu"" 1;2 :;Z ;;;*:g ;:?; ifc?;:;gie":esi:; i::)x: :;Te‘:: Y;} which consists of Mrs. Jim McAl- visit to the States. |of westphalia. alao 6 —! s s D L AU S L SN MR & PR 2 " N King* 140 140 140—420 real estate in the business district | — — — — and are in Cordova to stay. Totals 804 862 876 2542 THE comPANY will be one hundred years old on April 12, 1945. Since beginning business in ‘1845, it has paid to policyholders and beneficiaries over $6,000,000,000. As it completes its first' century, the Company has in force its greatest amount of life insurance. Our centennial, while significant in the history of the Com- pany, comes at an especially significant time in the history of the nation. The war, with the additional duties and respon- sibilities it imposes upon all of us, has been a primary influ- ence affecting the Company as an institution and also the officers, agents and employees indivit‘!ua]ly. More than 1,970 members of the New York Life organization are now serving in the armed forces. Twenty-two have already lost their lives in the service of their country. Although there have been five wars during the 100 years since 1845, the past century has been a period of great devel- | opment for the country. Through all those years, the New York Life has played its part in the nation’s social and eco- | nomic growth. As the Company emerges from its first cen- | tury, it reaffirms its faith in the stability of our fundamental { American institutions. Foremost of these institutions is the family. With it goes the family’s freedom to participate in the nation’s progress towards a better civilization, and the right to protect the fruits of hard work and perseverance. In America and Canada, where we live, this freedom to participate, and the right to protect, is assured by our representative form of government. It has enabled us to attain our present high standards of living and family security. But while our form of government can assure this freedom of opportunity, it is the responsibility of the individual family to avail itself of that opportunity by constant effort and savings. Freedom of opportunity and in- dividual effort must be ‘inseparable if we wish to maintain security and insure progress. Under the circumstances, it is natural that life insurance as an institution should have had such a remarkable development and should have become so increasingly important during the past one hundred years. Through life insurance, New York Life policyholders erect the fortifications of security for their. families and for them- selves. But not only do the funds of this Company improve and protect the financial position of the individual family; they are at the same time acting in the service of the country ASSETS Cash on hand or in banks Bonds: Uhited States Government Obligations. . $1,939,104,821.00 State, County 2o Municipal. Soatsats.o wie 3397220731100 ( 2:706,704:388.00 Public U ility . . Industrial and 70,120,079.00 105,524,016.00 , $38,387,783.54 Miscellaneous . Canadian Stocks, preierred and gu.nmcod First Mortgages on Real Estate 393,255,289.57 Policy Loans and Premium Notes 188,185,417.76 Real Estate: Home Office. . Other Home ti For, Contract of sale Other Foreclosed $11,927,693.00 1,066,244.78 3,642,602.93 19,339,513.37 Interest and Rents due and accrued. .. Deferred and uncbllected Premiums (net) . Other Assets. ., 35,976,144.08 24,123,580.78 30,692,338.50 1,428,447.51 $.570,738.990.78 Of the Securities listed in the above statement, Sectiritics valued at deposited with Government or State authorities NEW YORK LIFE INSURANCE COMPANY 100" Annual Statement to its Policyholders as a whole. Before life insurance funds go back from the Company to policyholders or beneficiaries in accordance with the terms of the policy contracts, those funds become avail- able for employment in the economic life of the people in the form of investments or loans. In normal years they help finance the pursuits of peace. In war years they help in win- ning the war, Indeed, over 54 per cent of all the Company’s assets are riow invested in United States Government securi- ties helping to finance the war. The growth and development of the Company during the past half-centurv are illustrated by these interesting com- parisons: 1894 $15,665,003 1919 1944 $116,174,621 $182,029,816 Payments to Policy- holders and Beneficiaries. Number of Policies Outstanding. 21717,600 1,456,194 3,292,584 Insurance in Force. . $813,294,160 $3,127,920,086 $7,644,703,430 Assets. ... . $162,011,770 961,022,120 $3,570,738,940 Throughout the years, the Company has recognized that the confidence of its policyholders must be based on a strong foundation of security. Prior to 1899 the Company assumed that it would earn in excess of 4 per cent on highest grade investments and it had been using a 4 per cent interest factor for life insurance premium calculations. However, in 1899, in view of decreased investment yields, the Company adopted'a 3 per cent rate for new policies. This change added to 'an important element of safety behind the Company’s future contracts. During the past year, because of the still lower yields which now prevail, the Company has again stréngthened its reserve basis by changing its interest rate assumption for new policies from 3 per cent to 214 per cent. As we come to the end of our first century, we look back on a long life of service to the greatest of American institutions, the family. And as we enter our second century, we look for- ward to the opportunity in the years to come of even greater service to the family and the nation. STATEMENT OF CONDITION December 31, 1944 LIABILITIES Reserve for Insurance and Annuity Contracts: Computed at 3' mlctelL ey 12,543,012.00 Com]mled at 2! $2,804,382,010.00 lower interest. . . . 5 Present v-lne of amounts not yet due on Supplementary Contracts. ......... pesesane Reserve for Dividends left with the Company. . . hisia Dividends payable during 1945. . ... 269,919,967.00 164,120,985.30 36,070,951.00 25,484,168.51 Premiums paid in advance Reserve for fluclulnons in Foreign Currencies® 4,200,000.00 22,302,871.38 7,782,937.30 5,61 7.172 7.97 Reserve for other Insurance Liabilities. . . .. . Estimated amount due or accrued for Taxes. .. Miscellaneous Liabilities . TOTAL LIABILITIES. Surplus Funds held for general CONLINGENCIEB, + v v vvnsnresneriserannnns wee - 230,857,322.28 $3,570,738,940.74 *This Reserve is held chiefly against the difference between Canadian currency Assets and Liabilities which are carried at par. e . %’k i Ne Yo bfi%fl W New York. The Statement