davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-06-16
LIFE ANNU|T|ESI
ARE GROWING
POPULAR
Increasing Interest Shown
In This Form of Insurance
For Providing Safe Income
BY FRANK F. LOOMS

Reports from life insurance
companies indicate an increasing
interest in annuities. undoubtedfyt
due to the economic trend Of
mind of the American people to-
day. -
The annuity contract offers an
opportunity for lifelong independss
ence, freedom from worry about
money and investments, bys
guarateeing a monthly income for
life. ra ,
A life annuity is simply a con-
tract with life insurance com.E
pany whereby on payment of o.
certain amount of cash, the COM
pany will pay to the purchaser
specific sum of money each
year for as long as he may lve:i
How 1t Works
For instance, a man, age 60
years, on payment to the insur.
ance company Of about $1,000 in,
cash would secure an immediate
yearly income of 500 for the rest
of his life. -,
The amounts, of course, vary
as to the age of the purchaser.
at the time he buys the nfe9
annuity. -
"A deferred annuity may also be
purchased whereby if deposit
is made with the company each
year for a period of 10, fifteen
or 20 years, the annuity will COM
mence at the end of the period
designated. This contract isA
often purchased by a young man
to secure for himself an income
in later years, say after age 60
or IS years. -
There are many flexible forms
of annuity contracts, and the
matter should be discussed thor.
oughly with a competent and
experienced life insurance under.
writer before purchasing same. ~
The following quotation Isl
taken from an address made re-.
Gently by a prominent banker on
the subject of the annuity. =
Perhaps the most unique
contribution which the life in.
Surance business has made to =
the financial world and Ger. q
tainly one, the advantages or !.
which are being substantially
overlooked, is the annuity prin.. !,
ciple. This principle is peculiar =
to life insurance.
Outside Bank Field
eve do not have it in the
banking world. We can loan Z
money and be repaid with ::
interest. We can accept deposits
to be paid on demand either .
with or without interest. We
can assume trusteeship Of u
funds by which the interest =
is to be payable to one person y
for a specified period of time,
and then the principal to an. 8.
other. Z
I'VE can even accept trusts
where the income payments are =
to be augmented by periodic
payments from the principal,
but we have no method BY
which the principal and income :
can be Joined together to guar.
antee q fixed equal annual In
come to q designated person ,
for the entire term of his or y
her natural life. -
II assume that the scheme Of =
receiving interest on money :
invested must have originated
with q banker, but 1t took the )
addition Of the life insurance I.
principle to evolve the annuity"
The life insurance business has
stood the test Of time.
The Washington times., 1931-06-16
RETAIL CENSUS
REPORT NEAR

Within a few days the Com
merce Department will issue the
report of the first census of retail
trade that has ever been pre-
pared for any country in the
world.
Officials said today this would
show for the first time the actual
volume of retail sales in the
United States, a figure that will
run into billions of dollars, per-
haps $50, ,000, 900, 900.
It will disclose not only the
volume of sales, but when all
details are completed the number
of retail stores, the payrolls, full
and part time employees, indie
pendent and chain outlets, sales
agents for the various commodi-
ties, the value Of sales of each
and many other features which
no doubt will prove invaluable
for an accurate study Of the
business fabric Of the United
States.
The Washington times., 1931-06-16
Brazilian Finances
Declared Favorable

NEW YORK, June 16.-Sebas-
tao Sampaio, Brazilian consul
general in New York. has made
public a statement. based in in
formation cabled him by his gov
ernment, indicating that the fl
nances Of Brazil are in q much
more favorable condition than
some reports have indicated. The
statement says a summary Of
revenues and expenditures cov-
ering the first four months Of
1881 shows balance Of revenue
over expenditures of $l6,469 200.
The Washington times., 1931-06-16
RAIL RATE REFUNDS

The Interstate Commerce Com.
mission has ordered Western rail.
roads to pay the Prarie Pipe Line
Co. about $4,000, with interest,
on account Of overcharges in
freight rates. Similar reimburse.
ment to the Pure Oil Co. in the
amount Of about $4,000 BY
numerous Western lines also was
ordered.
The Washington times., 1931-06-16
Lou Fire Insurance
Stock Prices Noted

The capital stocks Of so of the
leading fire insurance companies
are now quoted on a basis to
yield from 31a to as high as 9
per cent, according to a survey
made by Cannon, Stephan &
Nelson, members of the Unlisted
Securities Dealers Association Of
New York.
The stocks of many of the
companies are now substantially
below their nQuidating values.
The Washington times., 1931-06-16
{. AND P. SEEKS
S7,000,000
ISSUE
Phone Company Recognizes
Jurisdiction OF Utilities
Commission in Petition

Permission to issue $1,000, 900
capital stock was asked by the
Chesapeake and Potomac Tele-
phone Company in a petition
on file today with the Public Utili.
ties Commission.
At the same time, the company
took the unique action Of filing
a motion to dismiss its own peti.
ton for the issue questioning the
jurisdiction of the commission in
the matter.
t. Basis for Action
The motion, it is believed, will
be used as a basis for any further
proceedings which the company
may wish to take.
Several months ago, the COM
pany issued 100000 in capital
stock without permission of the
commission. When the commits
sion acted in this case, the COM
pany vacated the issue. but ques-
toned the authority of the COM
missions action.
The petition for the $1,000, 900
issue points out that the company
has $25, ,00O, 900 authorized capital
stock of which .$13,000,000 is
outstanding.
Owns 81 Millions Here
It also reveals that the company
owns $31, ,119, 1886 worth of property
In the District.
The $1,000, 900 issue is asked to
retire loans from the company's
parent corporation. the American
Telephone and Telegraph Com
pany, which amounts to $7,34S,-
600,
The Washington times., 1931-06-16
COPPER AT 8 CENTS

Copper is being offered at 8
cents a pound in some instances.
with large producers and custom
Smelters holding the price at 84
cents a pound. There is virtually
no domestic business being done
at either price. Foreign sales
Saturday morning were negligible.
The export price is 8.525 cents
pound C. i: +. Hamburg, Havre
and London.
The Washington times., 1931-06-16
General Tire Pays
Preferred Dividend

Directors of the General Tire
and Rubber Company have Just
declared the regular quarterly d.
vidend of $3.50 a share on the
company's preferred stock.
1t will be payable June 30 to
stockholders of record as of June
20. This is the 56th consecutive
dividend on General Tire pre-
ferred stock.
The Washington times., 1931-06-16
GOLD COMING

1t is understood by bullion
brokers that arrangements are
being made to ship $4,000 900
gold from Berlin to New York
beginning this week. It is be-
lieved that gold received by the
Bank of England is a portion of
the E3,000,000 gold from Germany
which arrived at Southampton
Friday.
The Washington times., 1931-06-16
Federal
Declares Dividend

The Federal-American. National
Bank & Trust Company, has de-
clared the regular quarterly divi-
dend of SO cents per share, pay
able July /, to stockholders Of
record June 26.
The Federal-American Com
pany declared a regular quarterly
dividend of $50 a share on COM
mon stock, payable July l TO
stockholders of record June 1S.
The Washington times., 1931-06-16
Baltimore, Gillet
COnapUnieS Mer0e

Gil1et & Co. and the Baltimore
Company have consolidated, with
Donald Symington. chairman Of
the Governing board and presi.
dent Of the Baltimore Company,
as chairman Of the new company.
Charles B. Gillet. president Of
Gillet & Co., will be president Of
the combined companies, which
will be known as the Baltimore
Gillet. ComnanY.
The Washington times., 1931-06-16
Sd of Canada Wheat
Goes to u. S. Ports

A third Of Canada'S wheat crop
was exported last year through
United States ports. Sir Henry
Thornton, chairman and presi-
dent Of Canadian National Rail
ways, told the committee study.
ing the systems annual report.
He added that he believes more
U. S. grain found its way to ex-
port through Canadian ports
than did Canadian grain through
u, S. ports.
The Washington times., 1931-06-16
Chamber Directors
Meet Here June 26

The regular meeting of the
board of directors of the United
states Chamber Of Commerce
will be held here June 1927.
Committees which have been
studying the effect of the present
depression on business and ways
and means Of alleviatinK the
distress, waN be reappointed.
The Washington times., 1931-06-16
C. & o. CLOSES SHOPS

All locomotive and car repair
shops Of the Chesapeake and Ohio
railway, with the exception Of the
Fulton shops at Richmond, were
shut down June 13 for a three
week period, affecting several
thousand employees. Excellent con-
dition Of equipment and lack of
repair business were given as the
reasons.
The Washington times., 1931-06-16
JoBBERS CUT ON STEEL

Iron and steel warehouses in
the Chicago district have reduced
prices SO a ton on steel bars. blue
annealed sheets bands and hoops
and IS a ton on cold finished
bars, galvanized and one pass
sheets. Reductions of $40 ton
also were made on cold rolled
strip and cold finished sheets.
The Washington times., 1931-06-16
Murphy Stores Pay
RenuLnr Dividend

Directors of G. =. Murphy Com
pany, 5 and 10 cent stores, have
declared the regular quarterly di-
vidend of 50 per share on the 8
per cent preferred stock payable
July 2, to stockholders Of record
June 20.
The Washington times., 1931-06-16

Your rental worries room, hCuse
or apartment ear be solved to-
day through the Rental Columns Of
the Classified Seettons
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
aGMA@

where she was installed as one Of
the district managers.
Postmaster G. II. Shanafelt will
leave Saturday morning for Yaki-
ma to attend a meeting of the
Yakima Valley lPostmasters as
sociation. The afternoon will be
la business session when plans will
be made to entertain the Washing
ton State association of postmast-
ers in September. There will be a
banquet and program in the even
ing, ". II
Charles Powell was a business
visitor in Spokane Monday.
Mr.. and Mrs. A. S. Read and
family of La Grande were week
end guests of Mr.. and Mrs. R. C.
Gest and family and Mrs. Ruth
Gest and family. Mrs, Read is a
sister Of R. C. Gest. Is
Mrs, T. w. Payne went to Yaki.
ma, where she was lay delegate
at the Methodist church conference
held there.
Mr.. and Mrs, II. Sewell and fami
ly of Seattle spent the week END
as guests of Mr.. and Mrs. Floyl
Higley, while on their way tt
spend their vacation in Yellow
stone Park.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
HALF-YEAR LICENSES
AVAILABLE ON JULY !

Half year motor vehicle licenses
are not available until July 1, adj
vises the Automobile Club Of
Washington, which recently has
received many injuries as to when
the cut rate fees may be obtain
ed.
The license is figured on the
rate of one-half of the yearly fee,
plus a twenty-five cent charge
which goes to county auditors.
Motorists are advised by the
club that application for motor We
hicle licenses can not be made di-
rectly to the state license depart
ment but must be made through
"a county auditor, automobile club
Tor other established licensing sta
6on.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25

left Sunday to spend the summer
on the coast.
L. E. Johnson is business Wis
itor in White Bluffs today.
Little Miss Barbara Monroe eel
brated her 10th birthday Monday
afternoon with a lawn party and
10 guests. The afternoon was
spent playing games, and her
mother, Mrs. Wesley Monroe, serv-
ed refreshments at the close of
the game.
Miss Ruth Keith of Spokane left
Wednesday for Portland after Wis
Iating Mrs. w. C. Muldrow on Ken
lnewick avenue.
Mrs. D. C. Brogunier and son
Charles left this week for Port
land, where they will spend the
summer.
Mrs. j. E. Mulkey was business
visitor in Yakima Tuesday.
Mr.. and Mrs. Ed Angel of
Priest River, Idaho are visiting
friends in Kenewick and Finley
this week. They were former res
idents of the valley and owned and
managed the Finley store a num-
Der of years ago.
Miss Leone Skeene left for her
Fvacation Saturday and word re
fceived from her this week states
She is having the time Of her life
lat Seaside, Oregon. Miss Lois
Brue is taking her place in DE-,
Spauldingss office.
| Members OF the Methodist
tGhurch and their families will have
la pot luck dinner in the basement
of the Methodist church Friday
sevening. Each member is asked
Ito bring sandwiches and covered
Sdish to pass.
i DIR. A. T. Lukins and wife and
s.small daughter Betty Of La.
aCrosse spent Monday and were
Hovernight guests Of Mrs. Lnkin's
iaunt, Mrs. ]. C. Hogan.
Miss Valeria Reeder of Idaho
4 Falls, Idaho came Tuesday tt
fspend months vacation with hel
aunt, Mrs. Dean Adams and fam.
lily.
! Mrs. Mary Kenett of Butte,
h Montana arrived the last of the
9week to spend her summer vaca-
tion with her brother, E. 81. Gran.
4 gle in East Kennewick.
Mrs. Vernon Bird of gig North
Dayton, returned Sunday from
Moscow, Idaho, where she attend.
ed the convention of the 10th dis
trict of Neighbors of Woodcraft
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
She Saw Sun Shine
Steadily for Fl Hours

Mr.. and Mrs. Harold Hyatt ac-
companied by his mother, Mrs.
Lee Hyatt of Yakima, spent Sat-
urday visiting their sister and
daughter, Mrs. Pete Feeley in
East Kennewick. They were re-
turning from a four weeks trip
thru Idaho, Montana and Canada,
covering a distance Of 1000 miles.
On the trip Mrs. Lee Hyatt visited
five brothers and sisters whom
she had not seen in % years, and
in the north part of Canada saw
| q hours sunshine in a "a hour
day. They all expressed their glad.
ness of getting back to Kennewicl
and the Yakima valley, and stat.
ed it looked the best of any place
they saw.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25

Miss Frances, who is taking the
summer course at Cheney normal.
The Fourth division of the
Methodist Ladies aid met Wednes-
day afternoon with Mrs. v. M.
Ward.
Robert Campbell, Dewitt
Mcguire, Robert Williams, Anon
Mueller, Rolly bennett and Warde
Rupp members of the Epworth
League of the Methodist church
drove up to Yakima and attended
the Epworth League meeting at
the Methodist conference held
there, Sunday afternoon, and even
ing.
Miss Ida Green, Mrs. S. M. Car
son and Mrs. j. II. Holmes OF
Seattle drove over Monday and
are visiting relatives and friends
this week. Miss Green is a house
guest of Mrs. ]. P. Miller and 9th
er friends while looking after pro-
perry interests. Mrs. Carson lis a
guest of her son-in-iaw and
her daughter, Mr.. and Mrs
M. M. Moulson. Mrs. Holmes is
q guest of Mrs. E. R. Carnahan.
They expect to leave for their
home Friday. Miss Green and
Mrs Holmes are former Kenne-
wick residents.
Anna Marie Bienhart went to
Pomroy the first of the week,
where she joined her sister Ruth
and they will spend their vaca-
ton visiting relatives.
Mrs. J. P. Miller returned, Mon
day from Yakima, where she Wis
tied relatives for a week.
| The Blue Bird sewing club met
at the home Of Mrs. Sturgeon on
Saturday afternoon. This GROUP
of girls are ten years old and
have completed pillow cases and
aprons. Mrs. Davis Judged the
garments. The next meeting will
be at the home of Martha Lin
coin Thursday, July 2, when the
grades of the garments will be an.
nounced. Refreshments were serv-
ed by the hostess.
francis Mills is staying in Sc
attic, working and taking summer
school at the u of w. in order to
complete his course.
Pete Feeley and his brother-in
law, Raymond Hyatt left Satur.
day for Lewiston, Idaho to pick
Eherries. They state that the crop
there is very good.
Mrs. John Pencil and family
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
LITTLE STORIES OF THE WEEK

Street, has been the incentive of
a number of interesting affairs of
the week. Mrs. C, F. Winkenwerd>
er entertained at a one o'clock
bridge luncheon Saturday to a
group of friends. Mrs. r. E. Reed
was hostess Monday at luncheon
with covers laid for eight. The af-
ternoon was spent visiting and
sewing. Mrs. Jas. Johnston and
her sister Mrs. e.. E. Hunting
ton entertained at the Johnston
home In East Kennewick to a
group Of ten invited guests of old
time friends. Mrs. G. FL. Shanafelt
entertained a group on Wednes-
lday.
Mr.. and Mrs. A. T. Belair were
hosts to four tables of bridge
Saturday evening. Honors went to
Mrs. T. b. Hauschild and Floyd
Higley, consolation to Mrs. Floyd
Higley and Roy B. Tyler.
i 1 = & Fl .s . 4
Mr.. and Mrs. c. o. Jamison
and Mrs. Jamison's mother, who
is their house guest, left Tues
day on q two weeks vacation to
be spent at Cashmere and Wenat-
chez and the lakes. Mr.. Jamison
lis the local manager of the Union
Oil company.
The Garden Tracts bridge club
met Tuesday at a one o'clock
luncheon with Mrs. j. "A. Hatch,
honors going TO Mrs. w. j.
Barnes. Mrs. Frank White was a
guest.
A. w. Walker was business Wis
[itor in Prosser, Tuesday.
The Horticulture club met at
the home Of Mrs. Cora McKain
Monday at a one o'clock picnic
lunch on account Of the cool rainy
weather instead of the city park
las the picnic had been planned
flor. This was the last meeting Of
the club for the season.
Miss Thelrna Meredith 0f the La
Petite Studio drove to Walla
Walla, Monday afternoon and was
accompanied by Mrs. B. B. Plow-
man and son George, the Misses
Myrtle johnson and Shirley Null
key who spent the night with
friends and relatives.
Mr.. and Mrs. Elmer Hanson and
children of Havre, Montana, spent
Saturday with Mr.. and Mrs. A. T.
Belair while on their way to Pros
ser to visit Mr.. Hanson's rela-
Etives.
v. M. Ward, manager OF the J.
C. Penney Company store was
business visitor in Yakima, We'd
|nesday.
Mrs. C. S. Skies of Yakima is
the week visiting her hus-
hand, who is manager of the Pac-
.ific Fruit and Produce Company
with headquarters mere.
DR.. Marvin Porter accompanied
by Mrs. Porter and SON Marvin, Jr.
of Great Falls, Montana, spent
the week end with DR.. Porter's
cousin, Mrs. Bryson Brown and
family in East Kennewick. They
were returning from tour Of the
Pacific coast.
Mr.. and Mrs. Ted Kleinknecht,
Miss Myrtle Mcguire, Edward Cot
man, Howard Day, Walter Hill,
Ottar Brue of the Kennewick Mo-
tor Cycle corp went to Spokane
Sunday to attend the hill climbing
meet held there Sunday afternoon.
Miss Eleanor Allen spent Sun
day in Cheney visiting her sister,
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
CAUGHT

The burglar who robbed the E.
C. Smith Motor Co. a week or two
ago by knocking the lock off the
safe is now in Walla Walla start
ing to do stretch Of from six to
eighteen months. He pleaded guilty
last week and has already begun
serving his term.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
thousand Christian Endeav-

thousand Christian EndeaV-
ieA ;ncluding delegates from
oIs,', section, will meet in San
TINS .;sco. July II to 16, to cele-
fTan'i the fiftieth anniversary OF
Ola'I CHRISTIAN Endeavor movement.
enc o .rill be in all probability the
inls convention of the year.
, sIss1c. Caroline Kitten will repre-,
MIS- tba local Congregational
sxzh DR.. Daniel A. Polling, presi-
- Of the International Society
dens rsr;stian Endeavor, famous
o. ~ o sneaker, will give the key
raa o. address of this convention of
n0.s people and their leaders on
s s0turday evening, July II. DR..
S pa1;ne will be heard each noon in
rO radio conference, broadcast over
offensive network. Mrs. Fran
~ : clark, widow of the founder
81 Ii the first Christian Endeavor
.o.iety. will attend and speak.
u.rold Taylor and Martin Hud-
Ill left Monday for Lewiston
there they will spend a weeks
vacation.
Awning those going up to Yaki-
:. n attend the Methodist con-
, nr Sunday were, Mr.. and
Nrs. B. ]. Campbell, Mr.. and Mrs.
Herman gsT, Campbell, Mr.. and Mrs.
v schuster, Mr.. and Mrs. John
p.uscher, Floyd Hutchins, Mrs.
v a. Linn and Mrs. T. w. Payne.
NJ, and Mrs. Harold Himmils-
,..b visited relatives in Yakima,
Sunday.
Mrs. C. N. Koelker and sons
,nent the weekend in Spokane.
Gertrude Haas of Yakima is
mending the week visiting with
Mr.. Wesley Monroe, and to attend
tbe birthday party of Barbara
Monroe.
q NJ. Light was elected presi-
dent and h. Fl. Vincent, secre-
tary and manager and Henry
Riggs treasurer of the Walla
Walla Oil, Gas and Pipe Line
company at the annual stock hold
ers meeting and election Of of
ficers held IN Tacoma, June Is
Walla Walla will be the next
meeting place and the main office
Of the company.
Miss Helen Barnes, daughter Of
Mr.. and Mrs. w. j. Barnes, who is
one Of the 5000 employees in the
Veterans bureau at Washington,
D. C. was one of the 48 employees
chosen to represent the states, one
from each state at the annual vet
Grams picnic held on the White
House lawn in June with the
ERident and his wife as hosts.
and Mrs. L. j. Aldrich left
Wednesday for Seattle, where they
will attend the National confer
ence Of the Congregational church
es held June 25, Is, and u.
Phillip Hawkins visited in Wal
Ia Walla Sunday.
Dr.. A. b. Wegner is attending
the State Dental Convention at
Bellingham this week and will re-
tun about July 9th.
Kennewick divot diggers go to
Raitsburg Sunday, June % for the
last leg Of the intercity tourna-
nent. It is hoped some of our
nashies are working better than
they did in the tournament at
Walla Walla.
Mrs. NJ. E. Walker of Seattle,
VINO is the house guest of her
son, r. E. Reed, 507 Washington
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-06-25
Congregational

Chihren's Day exercises will be
held aat the Congregational church
nzsxt Sunday morning, starting at
30 o'clock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-19
COMMUNITY CENTER
IN SOUTHWEST URGED
Miss Sybil Baker Makes Recon-
mendation in Address
to Citizens.

Miss Sybil Baker, director of COM
munity center work in the District, in
an address before the Southwest Wash
ington Citizens Association last night
recommended that the association re-
quest school, officials to include an item
in the next school budget for COM
munity center work for the new Jeffer-
son Junior High School
Miss Baker told the association that
1t had an excellent argument for
community center work and that she
Thought that 1t was well worth working
for. She also pledged her cooperation
to Southwest citizens in their service
for the community center when the
time comes. she said
Representatives of the schools who
have been working on a survey of the
Board of Education told the association
In report before the meeting that
children attending the Southwest Wash
ington schools weres well fed and that
no case deserving emergency treatment
has yet been discovered.
A committee was appointed to draw
up resolutions relative to the death of
Jacob S. Detweiler, member of the
association.
Another resolution adopted ordered a
letter of thanks sent to Representative
Robert @. Simmons of Nebraska for
the help given the association in OBJ
tanning the proposed Jefferson Junior
High School Announcement was made
by Mrs. Walter Uford that Senator
Royal S. Copeland Of New York had
said he would cooperate with the citi-
Zens in their effort to obtain a public
dental clinic in Southwest Washington.