The Daily Alaska empire Newspaper, December 5, 1949, Page 7

MONDAY, DECEMBER 5, 1949 THE DAILY ALASKA EMPIRE—JUNFAU, ALASKA “ur: N ¢ "\ KENTUCKY'S i Genvins SOUR MASH Keatucky Stroight Sourbon Whiskey | SOTTLED | IN SOND 100 PROO? . JORVER-WELLER OISTRLERY, BNC. » LCUISVRLR, BY. B ] Distributed tnrougnout Alaska by ODOM COMPANY _—_ ——— ... You're Money ~ Ahead When You . Kdvertise in - Phone . Today! 'LAURA LEES i BAR—B—Q— | - NOW SERVING Chicken Tamales - Enchalades __OPEN 24 HOURS DAILY i FTZGERALD } "THESE DAYS D L R GEORGE E. SOKOLSKY | | | | GOING AFTER INSURANCE | The mania in Washington to regulate, control, manage everything |in the United States is perhaps a | reflex of the rise of Socialism | throughout the world. The imitation | is not due to any serious compar- | isons between, say, the United Stat- les which is solvent and prosperous |and Great Britain which is bank- rupt and dependent, but rather to |a trend of the times. | For instance, in a radio colloquy | between Robert S. Allen and Tex | McCrary, Allen said: | “ ...Why did the insurance com- | panies fight regulation or fight | that (Congressional) investigation? | If they are so pure and everything |is so hotsy-totsy, well, then, why not have the Government investi- ;'gate it? It will all be to your cred- it | Of course, he does not say that i insurance companies, particularly in | the state regulates it. How? By the | the State of New York, concerning which he lodges his principal com- | plaint, are constantly being in- | vestigated. In fact, he says just the | opposite: . If you are the Metropoli- 'tan or any other giant insurance | company, you are totally unregu- ithe states regulate us’ Yeah, sure, | companies regulating the regulat- fors. .’ ® This is a curious commentary jon one of the best managed reg- ‘ulatory offices in the Unlted States, the insurance departments of the State of New York. Headed for many years by Louis H. Pink, who at present is President of Assoclated Hospital Service, and now by Rob- ert E. Dineen, its reputation among students of government regulation is without compare for probity and ;competence. As a matter of fact, the only criticism I have heard of that office is that it regulates too tightly. In this colloquy between Robert IAllen and Tex McCrary, there was some unfavorable reference to the Metropolitan Life Insurance Com- pany, which interested me. The Metropolitan is the largest life in- |surance company in the world and therefore is a suitable target for attack. So I inquired about how it is examined. These are the facts: The Insurance Department of the ! State of New York has a personnel of 350, exclusive of the Liquidation i Bureau. The Metropolitan is ex- amined once every three years. Be- cause of the size and character of its operations, it takes about 14 months to do the job. Thirty-five !examiners, all Civil Service employ- jees, are engaged in this examina- inon, going through every account of the company. In addition, ttwo actuaries of the Department devote themselves to it. The final report is a public document, avail- able to anyone. The cost to the public and the company of these investigations is considerable. Costs, however, no longer count in a country which throws millions to the wind and now talks about an unbalanced bud- get as a policy of state. With re- ports of this nature always avail- :able, why duplicate the job simply because the Federal Government wants to be in everything? I am told that New Jersey, Con- inecticut, Massachusetts, Michigan {and California have similarly com- petent examining bureaus. Allen’s broad statement that “. . .the only ‘industry in the country of that magnitude that is absolutely un- regulated. . .“is the insurance in- dustry, is just not so. Then Mr. Allen speaks of Robert Dineen, the New York State Super- |intendent of Insurance, in these terms: “....Now, New York State has an insurance commissioner, a gentleman, a very estimable gentle- Imnn. who came from an insurance company. Mr. Dewey brought him from an insurance company, and when Mr. Dewey steps out of of- fice, why, then this gentleman will return to his 25 or 50 thou- sand dollar insurance company job. . . . I know Mr. Dineen. He is a law- {yer, and was a member of the firm |of Bond, Schoeneck and King. In 11924, he worked for the Aetna Life Insurance Company for one year and then for another year with Lumber Mutual Casualty Insurance 'cgmpnny From 1926 to 1943, he was | practising lawyer with the Schoe- 1neck firm, in Syracuse, New York. |In 1943, he was appointed Super- RRRES I = S o, é REDUCED WINTER FARES AND LOW AUTO BAGGAGE RATES * NORTHBOUND .8, Denali . Sitka 8.8. Baranof ....Dec. 13 Valdez Seward SOUTHBOUND S.S. Denali Petersburg Ketchikan S.S. Baranof . Wrangell Ketchikan e i Pt PP _ FREIGHTER SAILINGS FROM SEATTLE S 7. M.S. SQUARE SINNET—Dec. 2 M.S. SQUARE SINNET—Dec. 16 P ¥ B S R R N R s I H. E. GREEN, Agent—Juneau—Phones 2 and 4 |lated. Now they will say, ‘oh, well, | RADIO LOG KINY Alaska Broadcasting Co. C.B. 8. DIAL 1460—JUNEAT MONDAY EVENING 6:00—News. 6:15—Music. 6:20—Sports Scene. 6:30--Dinner Music. 6:45—Local News. 7:00—Adventure in Research. 7:15—Your Alaska-ABC. 7:30—ARTHUR GODFREY-CBS. 8:00—Weather report. 8:05—Music to Read By. 8:30—LUM AND ABNER-CBS. 9:00—Alaska News. 9:15—Viking Varieties. 9:30—JOHNNY DOLLAR-CBS. 10:00—News. | 10:15—Drifting on a Cloud. 10:30—Weather report. 10:35—Sign Off. TUESDAY MORNING AND AFTERNOON Sign On. | 7:00—Dunking with Druxman. | 1 7:30—Local Weather. | 7:30—News Summary 8:00—Morning Thought. 8:15—News Headlines. 8:25—Weather report. 8:30—Cote Glee Club. 8:45—Lenny Herman Orchestra. 9:00—Music for the Missus. | 9:30—Weather report. { 9:35—Airlane Trio. 9:45—YOU AND THE ART OF READING-CBS. 10:00—News. | 10:05—Vocal Varieties. 10:15—Piano Playhouse. 10:30—Milady’s Memo. 11:00—STEVE ALLEN SHOW- CBS. 11:30—Listeners’ Digest-ABC. 11:45—March Time. 11:55—Weather report. 12:00—Salon Serenade. 1 12:15—News. E 12:30—Meet the Band. 1:00—~GARRY MOORE-CBS. 2:00—You Can Take It With You. 3:30—FRONT PAGE FEATURES- | CBS. | 3:45—Bing Sings. | 4:00—Pipes of Melody. 4730—BARNYARD FOLLIES- CBS. 4:45—Western Serenade. 5:00—NEWSMAKERS-CBS. | 5:15—Woman’s Club. 5:30—To be announced. All programs subject to change | due to conditions beyond our con- trol. | intendent of Insurance and is still in office. Therefore, he did not come from an insurance company. Allen’s assumption that Dineen will accept employment with an insur- ance company is sheer clairvoyance. Why not assume that he will re- turn to his law partnership? The subject of Federal vs. State regulation is broad and important. It need not be'discussed outside the facts. ACA CARRIES 15, SATURDAY TRIPS Alaska Coastal Airlines carried 45 passengers on Saturday, with 19 arriving here, and 19 departing. Seven persons were carried between other points. There were no flights Sunday bcause of inclement weath- er. Passengers were: To Gustavus; Mrs. Glen Parker, Paul Stevenson, Robert Stevenson Stevenson, T.. M. Stevenson, C. J Stevenson, Mr. and Mrs. George Betts, Mrs. Fannie Burdette, Charles Burdette, Celia James. To Sitka: Dorothy Novatny, Stan Warburton, Howard Hays, Dr. P Masonville, Mrs. Miles. To Wrangell: Mr. Warber, O. F Benecke. v From Petersburg: Brooks Hanford. From Wrangell: Bud Whiteside, Mr. Warber, Mike Fenster. From Tenakee: Mr. and Mrs. R. A. Moser, Herbert Reeves. From Sitka: B. Williams, J. Moly- oneaux, A. Hall, Patrick Manunik, Bill Wagner, Marjorie Baxter, Elsie Sam, Max Penrod, F. Wiggin. From Fish Bay: Ed Vogel: from Gustavus: A. M. Meacher. K. Bowman, WITHOUT To Hoonah:.Ira Stevenson, Mrs. REBEKAH LODGE T0 HOLD ANNUAL BAZAAR Members of Perseverance Rebekah Lodge No. 20, will hold their an- nual bazaar and tea in LOOF. Hall Saturday afternoon, 1 to 5 o'clock, and evening, 7 to 11 o'clock, December 17. Lovely handmade articles, suit- able for Christmas gifts, food and candy will be for sale. There will be a fish pond and exciting games of interest to all. A steam-o-matic fron and an electric kitchen clock will be awarded to some lucky per- sons. Committee chairmen for the event are Mrs. George Martin, Mrs, John Klingbeil, Mrs. Edna Willlams and Mrs. Ed Dull - TIME-TALK TAKES TIME BERLIN, Germany—(—A news- paper in the American zone re- ported the Esslingen city council held a lengthy session, adding: “Again the question was discussed why the city hall clock had stop- ped. Opinions were widely diver- gent.” HERE'S SOMETHING! IT SAYS THE DOLLAR IS JUST WORTH ABOUT FIFTY- NINE CENTS NOW LUMMOX B IN THE GAME, FOLKS!! FOURTH DOWN /! OCURSIDE'S BALL ON OUR oY ONE-INCH /um en YVER LANYER'S ON TH' PHONE, KNOBBY. ([ OUR FERRY! Quick ! COME ABOARD! COME BACK — 4 THEY'VE SEEN US! IT DOESN'T SEEM RIGHT RESTAURANT WHERE HE WORKS, GOING TO SUNNY DELL ACRES, TESS AND J‘L’&HL\?!? TOO LITTLE TO ARE SHOCKED AT THEY_ FIND. VES, SINCE MAMMY'S BEEN SICK, AND I'M CANNED MILK AND COLD CEREAL! SPARKLE, IS AT ALL YOU'VE GOT RICKITTY RAX-- WHY, OH, WHY ARENT YOU WEARIN' YOUR PATCHWORK | AMR. ADOLPHE GIVVAWAY TO SEE YOU-SIR / OLD BEAN-- THE BIOLOGY PROF TOOK T 7O THE DEAN A "COME. JACK-F I'M HERL OF YOU.. THEREFORE, WHEN YOU GIVE ME TEN DOLLARS, YOU'RE REALLY JUST GIVING ME FIVE DOLLARS AND NINETY CENTS IN_OTHER WORDS, EVERY TIME YOU GIVE ME TEN DOLLARS YOU'RE SAVING YOURSELF FOUR DOLLARS / Ao TEN cs‘;n'\sj_— 5 | NPT — 1 © PAGE SEVEN. - e 0 Z NO ! DOWN HERE AS FAST AS | CouLD JA SAY GREENPERNT... THAT'S BROOKLYN, AIN'T IT § WHERE TH' BUMS PLAY ! HE'S GONE...HE %S DISAPPEARED... | WHAT,.HOW..YEAH.. T AINT INTRUSTED., TH' HECK WITH IT..NO...ALL T WANT T'KNOW IS WHERE'S DONNIE .* DID YOUR JOB GO OKAY, Y CORKY? YOU'VE HAD DINNER, | SUPPOSE . PUT AWAY MY THREE BEFORE GERTIE. TVE GOT NEWS FOR YOU. CAI Efi_? ME, GERTIE? ' HES TELLING THE DEAN ABOUT THE GALS KISSIN' ME IN CLASS - IT LOOKS LIKE I™M 1N A TERRIBLE MESS ” J3G5! IIM FROM THE 2 HAUL IT AWAY" TADIO PROGRAM # NFORM YOU "E'S GOOD. A LIFETIME SUPPLY OF “HARIDASROX" ROLLING PINS! WHAT DID SHE WIN ? I'M A TAXIDERMIST # BROOKLYN!U.5.A? JOI! AN’ WATCH YER LANGWIDGE # BUT THERE'S NOTHING IN ¢ ‘MY CONTRACT AGAINST ; RAIDING THE REFRICERATOR GOING TO BED.