The Daily Alaska empire Newspaper, April 2, 1946, Page 2

PAGE TWO _ MoCALL Just in case you wr home dressmaking McCall’s Patterns The Belle of All Cotton Fabrics Little Miss, SWAGGER GINGHAM. .. Galey and Lord’s superb agger gingham, by far your favorite cotton gingham. A wonderful collection of gayer than gay plaids and checks . . . 36” wide, fast color and washable . . . We're sorry — 6 yards limit — to a patron ... 5W 85¢ yd. PATTERNS suld like a new idea for Our stock of is very complete B M, BRehrends QAALITY .HULK THOUGHT IT APRIL FOOL JOKE BUTJWCSAID NOT Mr. and Mrs. Eugene Hulk of Douglas are today blessing, not the sacred nunber 7, but one that proved more remunerative for them, 1616, which brought hcme ered to their door at about 10:39 o'clock last night “Oh, yeah? the disbelieving response of Mr. Hulk when he was called by phone last night from the Capitol Theatre and told he was the owner of the spanking new car. However the conviction that an April Fool joke was being played on him faded when committee members appeared at the door with the car, and was replaced by a bad case of jitters over matching half of the ticket. Mrs. Hulk, it developed, had the stub in her possession and was away at a neighbor's. But, assured Mr. Hulk again and again “We have it alright.” When finally produced the car was formally turned over to the = new owners by committee members for the. Library Fund, Mrs. D. W. > - + 3 + I3 ¢ & ° v ¢ » & £ g U. 8. DEPARTMEN" JUNEAU, WEATHER DATA FOR 24 HOURS ENDED AT Max. temp. | last 24 hrs.* 32 -6 15 32 Station Anchorage Barrow Bethel 2= Cordova .. = Dawson Edmonton Fairbanks Haines 55 15 37 37 38 4 Kotzebue McGrath Nome Ncrthway Petershirg Portland Prince Rupert Prince George ian Francisco 2 2 15 40 55 a2 40 49 54 38 20 39/ i tle Sitka Whitehorse Yakutat eastward. Another low pressure ar the principal front cros: the Ale | i Alaska. the bacon in the form of the dove gray “600” 1946 Nash sedan, deliv-' finding the | Lowest 4:30a.m. 24 hrs. temp. 16 28 *—(4:30 a. m. yesterday to 4:30 a. m. today WEATHER SYNOPSIS: A weak low pressure area centered 250 miles southwest of Sitka at 0430 this morning is filling and moving slowly snce /887 Herron, Earry DeLand and Presi- dent of the sponsoring Juneau Wo- man’s Club, Mrs. J. V. Cole. Mr. Hulk, who is employed at the Case Lot Grocery in Juneau pos- sessed but one ticket, he reported. With two small children and a re- cent serious fllness in the family, |they were extra happy over the | whole thing and declared they werc going to “frame the ticket.” They | expect to resell the vehicle. ‘ Determination of the car owner- ship took place Monday night at 9:30 o'clock before a packed audi- ence in the Capitol Theatre, with a blind-folded boy and a gentle- man frcm the audience assisting Theatre Manager Homer Garvin. Mrs. Cole was also on the stage. Seemingly the recipients were not the only excited ones, for un- der stress of the moment the Hulks' postoffice box was called out instead of the number award. Total amount of funds cleared for the Library Building Fund is now being compiled and will be announced as soon as completed, Mrs. Herron stated. - JUST IN Eight and 20-ton hydraulic jacks at Warners Machine Shop. (281-tf) ———ro FROM CAPITOL W. C. Riberiack of Washington, D, C. is a Hotel Baranof guest. , ALASKA BULLETIN 4:30 A, M, 120TH MERIDIAN T ME TODAY Weather at 4:30am. Snow temp. 19 Precip. Trace Pt. Cloudy Clear Cleat -19 12 3 30 10 a3 33 34 34 -21 -12 -20 5 30 42 .33 0 0 n 11 04 .09 Trace. 09 28 42 20 16 Pt. Cloudy Pt. Cloudy Snow Snow .0 A3 ea is located in the Bering Sea with utian chain in the vicinity of Umnak. Occasional snow flurries are occurring throughout all of Southeast MARINE WEATHER BULLETIN Reports from Marine Stations at 12:30 P. M. Today Staticn Cape Decision Cape Spencer .. Eldred Reck Five Pinger Light ... Guard Island Lincoln Rock . Pt. Point Retreat e MARINE FORECAST Weather WIND Temp. Dir.and Vel. 39 Calm 38 WNW 36 5 40 Calm 42 Calm 39 NwW 37 SSE Height of Waves (Sea Condition) | 2 feet 1 foot 2 feet Calm Celm Calm Calm 16 ‘ 14 ! | | s ! 9 FOR PERIOD ENDING WEDNESDAY EVE- | NING: Lynn Canal--light variable winds this evening becoming north 15 | miles per hour tonight. Protected Lynn Canal—variable winds 15 mil from Dixcn Entrance to Yakutat— less becoming northwesterly 15 to 20 cloudiness with widely scattered sno waters of Southeast Alaska south of les per hour or less. Outside waters | winds variable 15 miles per hour or | miles per hour late tonight. Variable w or rain showers. | AWMU CONSTITUTION RATIFIED; 50 PERSONS ATTENDED MEETING After two nours of discussion iast evening, a joint ANB-ANS com- niunity meeting attended by 50 persons ratified the proposed Alas- ka Marine Workers' Union consti- tution unanimously and April 22 was set for election of officers for fhe Juneau Local. Ntmerous sugges.ors were given for improvement of housing accom- modations, sanitary facilities and transportation at canneries at Taku Harbor, Hoonah and Hawk Inlet. William L. Paul, Jr., temporary secretary-treasurer of AMWU, an- ncunced that application for char- ter from AFL's Seafarers’ Interna- tional was being sent immediately with the required ten signatures of all temporary officers, Alfred Wid- mark, Ruby Peratrovich, Andrew Hope, Edward Peratrovich, Roy Peratrovich, William L. Paul, Sr., and Elizabeth Peratrovich. Wednesday, Douglas cannery workers will hold a community meeting for discussion of the pro- posed AMWU Constitution, 7:30 pm. in the Government School at Douglas AL VR DIVORCES FILED Divorces filed in the Court April 1: Loren R. Johnson vs. Charlotte Ross Ychnson, incompatibility ; Susie James vs. William James, cruelty. District at — e Vote, Pclis Close ki THE DAILY ALASKA EMPIRE—JUNEAU, ALASKA VETERANS AID BILL FATE IN LAP OF HOUSE (Continued from Page One) | to the fund. The conference agree- ment sets the fund total at $3,250,- | 000. ! In addition to ironing out inter- | house differences, the conference group wrote in some entirely new provisions. They are: Provision for interim appointments to the Veter- | ans 'Board, to be made by the| Governor with consent of the! Board of Administration, subject| to confirmation bf the next suc-| ceeding Legislature; exclusion of life insurance from tax liability; | and, provision for 90 percent guar- antee of loans made by vetemns}' through private financial institu- | tions. Agreements reached on points at issue are: 1—Confirmation of Board ap- pointees to be by Joint Session of | the Legislature—Senate had in- sisted upon separate action by the | 'wo houses. 2—Student or personal loan ceil- ing set at $2,500. Senate put ceil- ing at $1,000; House at $5,000. 3—Ceiling on home, farm or business loans set at $10,000. Sen- ate figure on business loans, $7,500; House $20,000. Both chambers were in accord on $10,000 for the top home or farm loan. 4—Total of all loans outstanding simultaneously to any one borrow- ;&310,000. House had set at $20- | 5—Home, farm or business loan may not be in excess of 90 percent of security offered. Senate had set 80 percent; House 100 percent. 6—All loans to bear set rate of 4 percent interest per annum. This provision was written into bill by the House. T—Veterans receiving bonus may later qualify for loan by repaying bonus. Also written in by House 8—Veterans not returning to Ter- ritory may secure bonus if resided in Territory for five years preced- ing entry into armed forces. House provision. 9—Initial appropriation $350,000. Senate figure. 10—Sales tax included in bill. House had excluded all provision for raising revenue. Sole Senate dissenters to adop- tion of the Free Conference report were O. D. Cochran and Leo Rogge. Cochran stated that his sole ob- Jjection is to confirmation in Jeint Session. Since the Senate has gone on record this session for its right to confirm separately, Cochran said, he now refuses to vote for re-establishment of joint confirma- tion, set at - STEAMEK MOVEMENTS North Sea, from Seattle, in port. Will sail for Sitka at 6:30 o'clock this evening unless discharging of Juneau freight starts. Freighter Victoria, from Seattle, in port. Princess Norah, from Skagway, will arrive at 8 o'clock tomorrow morning and sails south one hour later, at 9 o'clock sharp. Columbia, from Westward, due to arrive Thursday, provided she has left Seward. ——--—— COAST GUARDER HERE Russell H. Peterson, Mo.MMl/c, of the Ketchikan Coast Guard Base is at the Hotel Baranof. —————— LISTEN AT 7 pm. To KINY and hear the Ameri- can Legion on Selective Service. The Triangle Cleaners Precicely tailored. . and you can keep them that way by our WORKMANSHIP We, NOW MAVE 48-HOUR SERVICE JUST CALL e ——— TUESDAY, APRIL 2, 1946 | the councilmen, City Attorney How- | lard D. Stabler and Stuart for de- sE(EETARY OF l"I. oting their time to reviewing the ! MEEKS ISMUTE COUNCIL ADOPTS AS COURT SETS ORDINANCE FOR = =t KpujG MAY COMETO LIFE SENTENCE NEW LIGHT RATES ™ ... ALASKA THIS YEAR MISS BETTY TANNER I IN ST. ANN’S HOSPITAL Mandatory sentence of imprison- ment for the remainder of his nat- er, Daily Alaska | ior, Julius A. Krug, hopes to make a patient at St.!a trip to Alaska late this summer. The last of the Mght rate hear- St ural life was imposed upon George Ann's Hospital, suffering from “"1 This information was conveyed ings saw Juneau's City Council Miss Beity T: adopt Ordinance 303, which includes = 5t % Harrison Meeks in District Court SPU T oy ARl i infection of the ear. The wonder|to Delegate E. L, Bartlett during drug, penicillin, is doing its work, his recent conferences with the City Utilities Walter Stuart’s new Kehoe and was immediately fol- Councilmen Harry Lee and Ed and she is reported much improved | Secretary on Alaska matters, ac- rate schedule, at last night's brief special meeting. lowed by notice of appeal entered by Meek’s attorney, William L. | . Neilssn voted against the ordin- today, | cording to acvices received here. ance. g i 3 Paul, Jr. The proceeding was routine. Maygor Ernest Parsons thanked Vote, Pells Close ‘at 7 - S s e S UL AR Vote, Pclls Close at 7 Meeks, convicted of the first degree b murder of Clarence J. Campbell, made no statement. When the usual question: Have you anything to say before sentence is imposed upon you? was asked of him, Meeks gave only a negative shake of the head. The stolid demeanor of the de- fendant, almost unbroken through- cut the lengthy ordeal of his trial, was maintained te the end by the mild-appearing convictéd murderer. The verdict of the trial jury— qualified by the words “without capital punishment”—made life im- prisonment the only penalty possible under the law. It is expected that Meeks will be sent to McNeil Island Pederal Penitentiary for the rest of his life, according to U. S. Marshal William T. Mahoney. Paul and associate defense coun- sel, M. E. Monagle, appeared in Court with the convicted man. The Government as represented by U. S. Attorney Patrick Gilmore, Jr.| and Assistant Robert Boochever. The notice of appeal filed by Paul will be considered by the Court at 10 o'clock tomorrow morning, when action will be taken on Meeks' af- fidavit to prosecute his appeal “in forma pauperis”—at government expense. KETCHIKAN VISITORS Guests at Hotel Baranof are Mr. and Mrs. R. E. Ellis of Ketchikan. S | LEADERSHIP. i THROUGHOUT 14 YEARS IN ALASKA © Multi-engined aircraft b crews o Stewardess service © Hot meals aloft To link Alaska with Seattle © Two-way radio communication © Oue-day service—Seattle to Nome certificated for night and ay instrument operation 2 PIN AMERICAN WoBLD ArgwAys BARANOF TELEPHONE 106 NEW YORK LIFE INSURANCE COMPANY ' A Brief Review of the 101st Annual Statement to its Policyholders Holdings of First Mortgages on Real Estate amounted to $354,128,970 at the end of 1945. There were 34,211 of such mortgage loans. During the year the Company made 1,150 new loans of $7,500 or less. T *vments to Policyholders and Beneficiaries aggregated £ 2,672,219 in 1945, Of this total, $109,476,268 was paid to living policyholders. Payments to the beneficiaries of those who died, $83,195,951, were the largest in the Com- pany’s history. Payments 1o the beneficiaries of policy- holders who died in the Services amounted to $8,361,400 in 1945, and $19,590,700 since Pearl Harbor. e Holdings of Real Estate at the end of 1945 aggregated | $22,898,411. Thjs amount compares with $35,976,144 at the end of the previous year. Life Insurance in Force in this Company totalled $7,979,193,102 under 3,401,178 policies at the end of 1945, the largest amount in the history of the Company. The gain in insurance in force during the year, $334,189,672, was the greatest since 1930. *x o Policy Loans at the end of the year amounted to $166,454,501 on 427,944 policies. The corresponding figures for the end of 1944 were $188,185,417 on 483,338 policies. . x Sales of New Life Insurance in 1945 amounted to $564,180,100, an increase of $38,380,300 over 1944, * Reserves Against the Company’s Contractual Obli- gations were further strengthened at the end of 1945. Almost three-fourths of these reserves were computed at 2% per cent or lower interest. The interest rate assumptions reflect the Company’s program of taking positive stc‘ps to meet the realities of the low yields currently available from the highest quality of investments. *» Assets, held for the protection of the Company’s life insur- ance and annuity contracts, totalled $3,813,504,094 at the end of 1945, reflecting an increase of $242,765,154 during the ear. The assets exceeded the Company’s reserves and other iabilities by $231,013,622, which amount constitutes the Company’s Surplus Funds held for general contingencies. Dividends payable in 1946 amount to $38,895,341. The New York Life is a mutual company, and dividends are paid to policyholders only. . . Holdings of United States Government Obligations amounted to $2,319,748,756 as of December 31, 1945. This is more than 60 per cent of the assets. The policy of investing £ x A More Complete Report, as of December 31, 1945, in United States Government bonds aided the Governicent in World War II, helped to hold in check the forces of infla- contains additional statistical and other information about the Company and will be sent upon request. A list of the bonds and preferred and guaranteed stocks owned by the Company is also available. These booklets may be obtained by writing to the New York Life Insurance Company, 51 Madison Avenue, New York 10, New York. President tion, and provided the safest of investments for the Company’s funds. The increase during 1945 was $380,643,935. * % Holdings of All Other Bonds and of Stocks, preferred and guaranteed, aggregated $857,100,505 at the end of 1945. During the year the Company purchased $157,653,493 of such securities, but, largely because of a substantial volume of redemptions and maturities, the holdings decreased by a net amount of $62,484,013, as compared with the end of the previous year. » STATEMENT OF CONDITION December 31, 1945 LIABILITIES Reserve for Insurance and Annuity Contracts: Computed at 3% interest... $784,716,342.00] 3 L ‘32.983,317.299.00» omputed at 2 Tower T0erost . o~ r» -2+ +. 2,198,600,957.00) Present value of amounts not yet due on Supplementary Contracts dends left with the ASSETS Cash on hand or in banks. ....... . Bonds: Unitéd States Government Ob] 3 $36,675,514.81 . .$2,319,748,756.00 109,129,002.00 33,514,137.00 3,526,062.00 321,924,183.00 74,504,514.00 3,092,316,654.00 310,610,004.00 Railroad . 3 Public Utility Industrial and Miscellaneous Stocks, preferred and guaranteed First Mortgages on Real Estate Policy Loans. .. ...o.oovneennn.. Real Estate: Home Office. . ., . Other Home Office Properties., . . Foreclosed Prope Contract of Sale Other Foreclosed Properties.. . . 9, Tutérest and: Reits doe and accrucd ... Deferréd and uncollected Premiums (net) Reserve for Di Company Dividends payable during 1946, .. ........... 181,187,718.29 38,895,341.00 31,554,274.13 84,502,607.00 354,128,970.11 166,151,501.57 Premiums paid in advance. Reserve for fluctuations in Foreign Currencies* 4,200,000.00 21,925,663.76 7,141,412.99 3,658,759.15 $3,582,490,172.32 $11,172,921.00 518,247.97 Reserve for other Insurance Liabilities 22,898,111.27 es under Estimated amount due or acerued for Taxes.. ., 1 0.27 Miscellaneous Liabilities . TOTAL LIABILITE Surplus Funds held for general contingeneics ,619,719.03 3 23,189,388.92 2,031,975.75 1,276,071.20 £3,813,504,091.63 231,013,622.31 $3,813,504,094.63 #This Reserve is held chiefly against the lifforence between Canadian carreney Assets and Liubilitie: Of ghe Securities listed in the above statement, Securities valued at $51,384,812.00 are deposited with Government or State autheritics as required by Jaw. under the laws of the State of Nete York.' The Company started business on April 12, 1815. It has always been muual and is i of N ork. Insiczance Dipartient.’ w::;pouul The Statement of Condition shoren abeve is in accordance with the Annuel Statement with the New York State