Evening Star Newspaper, December 12, 1930, Page 12

SA=12 INSURANCE ASSETS| * NCREASE N 1980} e iead of Concern Predicts Ad- - dition of $1,418,000,000 Despite Depression. By the Assoclated Press. NEW YORK, December 12.—Addi- tion of $1,418,000,000 to the assets of life insurance companies in the United States this year, despite the business depression, was forecgst today by Wal- ton L. Crocker, president of the John Hancock Mutual Life Insurance Co. of Boston, before the Association of Life Insurance Presidents. This sum, he said, will bring total investments of the companies to $18,- 900,000,000 at the end of the year. “The assets at the end of this year,” he declared, “will be double those held seven years ago and will be equal to more than three times the assets held at the end of 1917.” The figures he presented were com- piled in a survey of 52 companies Tepresenting 91.8 per cent of the total assets of all United States legal re- serve life insurance companies. Real estate mortgages, representing the leading investment medium of life insurance companies, comprise 40.3 per cent of their total assets, he said, ag- gregating $6,994,000,000. /Bonds and stocks, with a total of $6,531,000,000, or 37.6 per cent, are second in investment importance. “The whole exhibit,” Crocker sum- med up, “is an assurance, were any needed, that the funds of the life in- surance companies are stable to the highest degree.” RECOUNT SOUGHT WITH CONGRESS AID Oklahoman Defeated by Democrat in First District, Wires Rep- resentative 0’Connor. Wy the Assoclated Press. :MIAMI, Okla., December 12—O. F. Mason, Miami attorney, said yesterday he had telegraphed Representative Charles O'Connor, Republican, in ‘Washington, advisihg him to seek in QOongress a recount of last November’s election, in which he was defeated in the first Oklahoma district by Wesley Disney, Democrat. Mason, who was interested in the sheriff’s race recount in Ottawa County, flch resulted in reversing results and wing the Republican candidate to be the leader, said OConnor would gain ebough votes in the county to overwmt Disney’s lead in the district if a recoun ‘Were made. Official returns of the State election board gave Disney a lead of 360 in the district and 467 in Ottawa County. ‘The time for filing a contest in the State has expired. SWEDISH SHIP SAVES - SINKING VESSEL’S CREW Schooner Amy G. McKean Reached Just in Time 800 Miles From Queenstown. By the Assoclated Press. LONDON, December 12.—A message 10 Lloyds last night reported that the iwedish steamer Strassa had Kean, 3 as the latter vessel was foundering in the Atlantic 800 miles from Queenstown. The disabled schooner was set afire after the crew had been taken off to prevent her becoming a menance to navigation. The message did not disclose the cause of the trouble or the number rescued. BOOTLEGGING IN TURKEY IS APPLIED TO RADIOS Thousand Culprits Caught in Year Charged With Clandestinely Ap- propriating Government Monopoly. By the Associated Press ISTANBUL, Turkey, December 12.— In Turkey it's radio that’s bootlegged. A thousand culprits have been caught in the last year. Radio is a monopoly of the govern- ment, and the clandestine listener-in who neglects to pay the required tax, or who buys his set from somebody other than the monopoly, is subject to & heavy fine. BANDIT SLAYS GROCER BStore Manager Had Refused to Turn Over Day’s Receipts. NEW YORK, December 12 (#).—Re- fusal to turn over the day’s receipts to _ & hold-up man cost Michael McLaugh- lin, 32, manager of a chain grocery store, his life last night. A bullet penetrated McLaughlin’s head and he died soon after being taken to a hos- pital. The slayer escaped. A woman who sees the magical transformation a little paint will make in an old wornlooking piece of furniture wants to brighten up ell the odds and ends around the house. Try some of the new quick- drying brushing lacquer You can bave “new” furniture at very little eost. Our water and oil color boxes lent gifts. on King’s By the Associated Press. € 2 LONDON, December 12.—England is importing an American institution and doesn’t quite know Wwhat to call it. New road rules, in force January 1, will bring 1,000 police on motor cycles and in cars, besides an additional force for London alone. America, of course, they are speed ; but over here the slang is quoted and the newspapers have compromised by referring to the proposed force as “molyile police.” Said Herbert Morrison, the minister of transport, in a statement reassuring English motorists: “I have never been in America and I cannot speak with any authority as to the practices of what are known: as ‘speed cops’ in America, but I have no wish that our police should act in a vindictive or bullying spirit. “The job of the mobile police is to aim at getting order, considerateness and decent conduct on the King’s high- ways. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, DECEMBER 12, 1930. % MERRIE ENGLAND IMPORTS U. S. IDEA AND CALLS IT ‘MOBILE POLICE’ orce Is to Get Order and Decent Conduct Highways. must be stern and prosecute with all the vigor of the law. There are other cases where the note of warning and encouragement will be more appro- pm:wis" thus the 2 I us the speed cop comes to Merrie England. And it is all a bit alarming to some of the older school. DE PALMA AN_SWERS SUIT Racer Denies He Forced Wife to Seek Divorce. LOS ANGELES, December 12 (#).— Ralph De Palma, famous automobile racer, yesterday filed an answer to the divorce suit of Mrs. Clara De Palma. In his answer the racer denied al- legations he forced her to seek a divorce, and all other allegations re- garding cruelty and income. . A family of six in Antibes, France, were all bitten by a mad dog and had “There will be cases where the police 310 Delivers the ATWATER KENT LANSBURGH’S 7th, 8th and E Sts.—Nat’l 9800 RADIO SALON— FOURTH FLOOR This Hand-matched biitt walnut front panels beautify this de- lightful model with the Gold- en Voice. A most desirable model. Lowboy Complete $139.20 . 920 14th St. N.W. Inc. CHICAGO MARKET COMPANY 311 7th ST. N. W. 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