davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15
Statement of Condition of the
NATIONAL Lift INSURANCE COMPANY
OF THE UNITED STATES OF AMERICA

AIlNdkO
. % South La Sale Street
On the 3lst Day of December. 1882.
ROBERT d. LAY. President.
Amount Of capital paid up 81. 900. 100000
NET ASSETS OF COMPANY
Cash in banks ION interest
and not on INTEREST," ......$ 743, 730. 05
Real estate u-nincumbered 90. IL. 249. 1864
Bonds and stocks owned
values of stock and bonds
as officially fixed by National
Convention Of Insurance
81, 1897 ....,..t.~-e s.6os. 475I5
Mortgage loans on real estate
free from any prior incum-
brance) ................... 1851, OO6. 90
and rents, etcl -. $40. $50. %
Other securities. Policy loans IA, 500, STA Sc
and in process Of collection 1.I87.o78.s SO
All other admitted assets less
credit balances ............ s24.192.1 10
Total net assets s54. s7S. O46. 10
LIABILITIES
Reserve or amount necessary
TO reinSure outstanding
risks %, s4s. 2s1. 511. 90
suspense ................... 1874. 759. IS
Bills and accounts unpaid. 100000 90
Other liabilities of the COM
company .........,...... 4,ss7. 5S7s4
Total liabilities .......... $50. 26s. sos. 70
CapltaI 1000. 900. 90
surplus ola, 237.91
Total S54,S7s .046. 10
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15

Amount retained by company Is. 900 90
STATE OF INDIANA:
Office Of Commissioner Of Insurance
I. the undersigned. Commissioner Of In
surance Of Indiana. hereby certify that
the above is a correct copy Of the State
ment Of the Condition of the above men
toned Company on the 31st day Of
December. 1892. as shown BY the original
Statement. and that the said original
statement Is now on file in this Office.
In Testimony Whereof, I hereunto sub
scribe my name and afiix my official seal,
this 26th day Of June, 1898.
[Seall = HARRY z. McCLAN.
COMMISSIONER.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15
Statement OF Condition of the
HARDNA MUTUAL CASUALTY co.
SfEHAnE D1TAs

200 Strongs Avenue
On the 3lst Day OF December. 1892.
Carl N. JACOBS. President.
X. W. PFIFFNER. Secretary.
Amount of capital paid up ........ Mutual
NET ASSETS OF COMPANY
Cash in banks ION interest and
not on INTEREST," ...s 2sS Sef "a
Real estate u-nincumbered . 527S574S
Bonds owned tamortized valuel 1901 470 %
Mortgage loans on real estate
free from any prior incum-
orange ..:.-- IoI. $50
rents, etc .. so $50 II
Premiums and accounts due '''0's'41
and in process OF collection. 422 s62 SO
Accounts otherwise secured. l25sI66
-
Total net assets 81, 1888. s55.Is
LIABILITIES
Reserve or amount necessary to
re!nSure outstanding risks. So. 05e s74 81
Losses unadlusted and in sus-
-,pense ................. 1888. 5si.4 ~
Siits ana accounts unpaid. $500. SO
pany 1870. $3.50
Total liabilities ............s 4.Os4. ssi. 81
Shpltal None-Mutual
surplus 90S. $685. 81
Total 81 qss sSs fe
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15
Statement Of Condition OF
THE PAUL REVERE LIFE INSURANCE
COMPANY

AONlEA
Worchester, Massachusetts
18 Chestnut Street.
On the 31st Day OF December, 1892.
CHARLES A. HARRINGTON, President.
Amount Of capital paid up. 80. $500, 600. 90
NET ASSETS OF COMPANY.
o1 not tr inter- interest .I........, 81, 1913 90
0V Value any c.o: 80. Cos, $685. 10
brainSce] 100000
rents. etc.S s,15s.s6
Less agents balances. ....... -1.724.21
Mortgage loans expense to be ~.
banks -. i 10000
Premiums and accounts due and
in process Of collection -. 2 1850. 90
Total net assets .s72o, 452. So
LIABILITIES
Reserve or amount necessary to
Reinsurance. outstanding risks. .s13O, 474.6 so
Losses unadjusted and in sus-
pense So, 819. 90
Bills and accounts unpaid...... i4,784.62
Total liabilities ............ $2O8, O78. %
Capital 400, 900. 90
Surplus 49, 74. 80
Total .s72o, 452. So
Greatest amount in anv ona rich ( * nm
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15
Statement of Condition of the
LIFE, II. AND A. ms. CO.
Philadelphia. Pa.

VI ADILllO0 NJ Thn
Philadelphia. Pa.
1874 Pin St.
On the 3ist Day Of December, 1892,
GEORGE w. GILLYAR. R President.
JANET 8. YOUNG. Secretary.
Amount Of capital paid up. 800. ono oo
NET ASSETS OF COMPANY
Casn IN banks ION interest and
Bonds and stocks owned. ....... 2I6,906 90
other Securities-Accrued In
terest on bonds ........... 21OiIs
Premiums and accounts due and
in process Of collection -. ss512l
Total net assets 1892, o49. 80
LIABILITIES
Reserve or amount necessary 10
insure outstanding risks......S SIS O64 20
Losses due and unpaid .... PIG. 50
Bills and accounts unpaid. ... 1326IA
Other liabilities Of the COM
pany ..."...."............. 1910
Total liabilities .............s so.45s.O7
surplus 7l.5sl.76
STATE OF INDIANA:
Office OF Commissioner Of Insurance.
I. the undersigned. Commissioner Of In
the above Is a correct copy Of the State
toned Company on the 31st day OF
December. 1882. as shown BY the original
statement. and that the said original
statement Is now on file in this Office.
In Testimony Whereof. I hereunto sub
scribe my name and afiix my official seal
ISeall HARRY E. McCLAN. :
commissioners.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15
Statement of Condition of the
PEORIA LIFE INSURANCE COMPANY

4A41A4OlS.
Peoria Life Building.
On the 31st Day of December. 1892.
EMMETT c. MAY. President.
G.. B. PATTISON. Secretary.
Amount of capital paid up IS 400, 900. 90
NET ASSETS OF COMPANY
Cash in banks ION interest
and not on INTEREST," .......$ 249 1872 80
Real estate unincumbered.. 4645. 63l. 70
Bonds and stocks owned. 1905, 885. 35
Mortgage loans on real estate
free from any prior in
cumbranceD .::.....:...... s,542. 677.11
and rents, etc. ............ 49I, 500. rs
Other Securities
Policy loans .............. 5,6e1. O72. 78
premium notes ............ 358. 1879. 90
collateral loans .......... 100000
Premiums and accounts due
and in process of collection so7, 11s.48
Accounts Otherwise Secured
Unearned prems. misc. ms. 11,757.o7
--
Total net assets 1880 2s, sO2, $780,
LIABILITIES
Reserve or amount necessary
20 reinsure outstanding
risks 1871, lss, O25.75
suspense ....:............ 1879, 1853 AZ
Bills ana accounts unpaid. 81, 419.0 90
Other liabilities of the COM
pany 1851, 087.93
Total liabilities ......... .$2s, 900. $685. 0
SaplGal 400 .000.0 90
surplus Ala, 1874. SO
Total .$23, so2, 58O.73
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-15

Ofice OF Commissioner Of Insurance,
!. the undersigned. Commissioner OF In
surance Of Indiana. hereby certify that
the above IS a correct copy OF the State
toned Company on the sIst day OF
December. 1892. as shown hv the original
statement and that the said original
In Testimony Whereof, I hereunto sub
scribe my name and afix nv official seal,
this 2Sth day OF June. 1888.
ISeall HARRY E. MCCAIN,
Commissioner.
Evening star., 1933-10-03
STABLE CURRENCY
HELD VITAL NEED
Difficulty of Fixing Value of
Dollar, However, Befogs
Views.
BY CLAUDE A. JAEGER,

NEW YORK, October 3.-An end to
monetary uncertainty is persistently
urged in leading Wall Street banking
quarters as a prerequisite to continued
business recovery.
Nevertheless, the difficulties of taking
positive action to fix the value of the
dollar at this time are recognized, and
for this reason opinion is about as COM
pletely befogged at the moment as it
has been at any time in months.
The difficulties of Turing capital into
new enterprises when no one knows
what kind of dollars he may get back
are obvious. But a good bond market
has long been regarded as a forerunner
Of sustained business improvement. In
f1ation and a good market for bonds
don't go together, however, and the
talk of huge Federal refunding opera
ton to save big slice of the annual
interest payments on the public debt
has faded to a whisper.
Many analysts say the Government
cannot risk any definite dollar devalua-
tion or stabilization at this time which
might be construed as def1ationary, so
the problem seems to be how to achieve
financial stability and at the same time
maintain an inf1ationary stimulus.
It is suggested that the dollar might
be devalued to level somewhat below
its present ratio to the gold currencies,
somewhere nearer SO cents in terms OF
gold than IS cents, its present approx
mate gold value.
But there are many serious obstacles
in such course. Some authorities in
Sist devaluation should be accompanied
by an understanding with the British
and the French, so that our action may
not be followed by even sharper de-
valuation of the pound or the franc, or
both, with a deflationary influence on
our prices.
Evening star., 1933-10-03
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, October 3.-Following
is today's summary of corporation news
prepared by Standard Statistics Co.,
Inc, New York, for the Associated
Press:
General Electric Co.-Company re-
ceived contract from United States
Bureau of Reclamation for two large
generators for Boulder Dam project.
Fourth National Investors Corpora
tion.-Net assets as of September 80, at
market values we're equal to S27.63 a
share, against $24.18 a share on Decem-
ber 81, 1882, and $26.22 share on
September 80, 1882.
Second National Investors Corpora
tion.-Net assets as Of September 81,
at market values were equal to $55.13
share on convertible preferred stock,
against $50.33 a share on December 81,
1882, and $54.78 share on September
80, 1882.
Third National Investors Corpora
market values were equal to $2151 a
share, against $1965 share on De-
cember 81, 1882, and $21.39 on Septem-
ber 80, 1882.
Consolidated Laundries Corporation
preferred share earnings, SO weeks
ended September 9, we're $295 against
$6180 in SO weeks to September 10,
1882
Interstate Department Stores deficit,
six months ended June 80, was $780,
2O5 against deficit $282, ,420.
North American Aviation Inc. sub
sidiary, Eastern Air Transport Inc,
carried 7,7O7 passengers in September,
against 4,246 in September, 1882: nine
months traffic was 54,224 passengers,
compared with 27,592.
WESTINGHOUSE Electric & Manufac-
turing Co.-Company received a 81, $780,
600 order for two water-wheel genera
tors for Boulder Dam.
American Hide & Leather Cocoon
pany's September quarter earnings are
estimated at $3.50 share on pre-
ferred stock.
Lima Locomotive Works. Inc.-Com-
pany will deliver Is electric type freight
engines to Pennsylvania Railroad by
December /; order was received several
months ago, but delivery was deferred.
Evening star., 1933-10-03
U. s. TREASURY POSITION.
~ the Associated Press.

BY the Associated Press.
The position of the Treasury september
80 was: Receipts, $7,613,420.8I; expendi-
lures. S26. .622 53O.O1; balance. 81. .145,554,-
763.41. Customs receipts for the month.
S33 793,404.42.
July Is. S672.O0l. .525. 16; expenditures,
5000, ,494,6OS.17 Qncluding S295. 90. $50. IA
emergency expenditures); excess OF expendi-
lures S237 .493. .0S3.01.
Receipts for September SO. 1899 Comp
arabic date last year, S5.997.046.7 ex-
1862 1929 %; custom receipts for the
month. S25. 1895. .OS9 90.
expenditures Ss331po0. .77S. Sc; excess Of ex-
penditures over receipts. S402. 943. .002 40,
exclusive Of $3.50: 10000 expended for the
Evening star., 1933-10-03
NEW YORK BANK STOCKS
NOW YIELD OVER 6 PCT.
Special Dispatch to The Star,

Special Dispatch to The Star
NEW YORK, October 3.-New York
City bank stock market was again low
er during the past week, with the re-
suit that the group on the average
now yields 6.l2 per cent. The aggre-
gate value of the Is leading issues, as
compiled by Holt, Rose & Troster, ended
the week at s1,281 ,O12,0OO, compared
with $1,312, 1894 900 at the close of the
previous week, a decrease of S31, 1892, 900.
or 2.43 per cent. The low point for
the year to date, namely, 81 ,065, TAG. 900.
was recorded on April S.
Evening star., 1933-10-03
BOSTON WOOL MARKET.
Special Dispatch to The Star.

DISpdICN star.
BOSTON. October 3.-The wool market
was, was quiet today, but prices remained at the
peak Ior the season. with indications of
turner early advances. Some houses were
asking up to 80 cents for original bags of
Snort French combing and finer territory
ana 1S cents; Fine territory combing clean
Is h.ff fIfuSted @ at 81 aS3' French combing. sOaSI;
Is, and quarter-blood. 7Oa72. Fine Ohio
neeces are quoted at 33a34; haIfbiood 34s
20; three ee-eighths-blood. 4Oa42. and Quarter
blood. 40a41. grease basis. W.
Evening star., 1933-10-03
MEMBER BANK LOANS
DECREASE 20 MILLIONS
BY the Associated Press.

BY the Associated Press.
Total loans of reporting member
banks showed loss of 5000 900 dur
ing the week ended September 27. as
the change was calculated by the Fed
eral Reserve Board. In the table that
follows the total loans are given for
comparable periods, as announced by
the board:
Week ended September 81. $3.50. 900. 600
Previous week k............. 1860 900 900
Same week last year. ...... 9,252,0O0. 900
Evening star., 1933-10-03
CHARTER OF ALEXANDRIA
BUILDING co. AMENDED
Special Dispatch to The Star.

oPeC1d1 kISpHtCI 20 4 NC oldI.
RICHMOND, Va, october 3.-Charter
Of the Metropolitan Building Co., Inc.
of Alexandria, has been amended by
authority Of the State Corporation Com
mission, decreasing the maximum au-
thorized capital from 5000, 900 to $4,000
and the minimum from $4,000 to 81 1,000
The actually issued and outstanding
stock is reduced from 100000 to $10,-
600. Muriel Lynch Crichton is presi-
dent of the corporation.
Evening star., 1933-10-03
SANTA FE LOADINGS OFF.

NEW YORK, October (P.-Atch-
ison, Topeka g. Santa Fe Railways
freight loadings last week amounted
to 25,256 cars, compared with 25.879
the previous week and 26,035 for the
corresponding week in 1882.
Evening star., 1933-10-03
CHRYSLER EXPORTS JUMP.

NEW YORK, October 3 R.@Sep-
tember was the best month in Chrysler
Corporations overseas business since
of the company's export subsidiary, an
nounced today. Shipments were 1882
per cent of those in September, 1882.
Evening star., 1933-10-03

ciated with Brown,
Goodwin & Co.,
investment bank
ers in the Ameri-
can S ecuri ! t y
Building, accord
ing to announce
ment made today
bv members Of
the firm. The
firms new aSSO-
Ciate has anothet
brother, Eugene E.
Allies, who was for
merly engaged in
t he investment
business in Wash
ington and is now
a partner in the
Noyu Vork CtOpk
Evening star., 1933-10-03
COFFEE DELIVERIES GAIN

NEW YORK, October 3 CP).-Deliv-
cries OF coffee in the United States to-
tailed 1,029,000 bags last month, COM
pared with $4,000 year ago, reports
Inc New York Coffee & Sugar Exchange.
Evening star., 1933-10-03
c. {. ALLIES JOINS
INVESTMENT FIRM
Brother of Former Riggs
Bank Chief Is With Brown,
Goodwin & Co.
BY EDWARD C. STONE.

Charles c. Allies, brother of the late
Milton E. Allies, who was president Of
the Riggs National Bank at the time
of his death in 1926. has become asso-
Evening star., 1933-10-03
SILVER QUOTATIONS,

NEW YORK, October 3 R.-Bar
silver barely steady, Y lower at 1924.
Evening star., 1933-10-03

HOO AM...... 100000 1900 Noon. 80. 100000
! PM. ......... $4,000 200 P.M..... 76O 600
yidend en- rates as given in the above table
sunt OF trading less than 100 shares tParty
stock Payable Stock Plus 81
in special preferred Payable this year
Evening star., 1933-10-03
new YORK BANK STOCKS

NEW YORK. October 3 R-Over-the.
counter market:
Quotations as of 9 o'cloek)
Evening star., 1933-10-03
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE SIQx
Received by Private Wire Direct to The Star ONCE

Prev. 1882 Stock and
High. Low. Dividend Rate.
96A 3lh Owens Glass (2K).
Evening star., 1933-10-03
TRUST COMPANIES.

Woodward Bldg.
Evening star., 1933-10-03
3M Zonite PRODUCTS. 80.

ia 2a Yellow Truck.
37s< ~ Youngstown Sh & T
Evening star., 1933-10-03
FOREIGN EXCHANGE

tQuotations furnished by w. b. Hibbs L. r
NQQni n Selii
Evening star., 1933-07-30
Drought Damages Small
Grain Crops

BECAUSE of the great amount of rain around
= this area. it has generally escaped notice
that a severe drought condition has occurred
again throughout the section of the United
States east of the Rockies.
The Department of Agriculture reports that
crops and pastures have suffered greatly from
lack Of moisture and from excessive heat Par
ticularly has wheat suffered in the greater
part of the wheat belt. The shortage in this
years crop Is considered sensational by the
department and has been reflected in booming
prices for the grain.
There Is, Of course, no shortage Of -four
threatened for the heavy carry-over of grain
Is more than sufhcient to take care Of all do
mestic needs if not single bushel of grain
were harvested.
In many sections the wheat stalks have been
50 short, the heads wfthered. the grain has
been cut for hay. Hay incidentally. also
threatens to be short this year. and In many
sections oct crops have been practically ruined
by The drought Even corn and cotton show
some signs in some sections Of suffering from
lack Of moisture.
Thaoe conditions are o( material benek 70
tAasD who have managed to raise crops fur
tA0 pEioes of most Agricultural products 30
soaring In response to The oonditions bru101E
absut ~ natHrs.
Evening star., 1933-07-30

the stimulation Of agriculture and 1ndustfs0
The only bitter and whole hearted objecuon
is to the "other purposes" Of the BILL
The bill creates a Government cofpof ation
the Tennessee Valley Authority. to carry OUT
the purposes of the bill.
THE bill provides specifically for the building
of one more dam to be located at Cove
Creek, Tenn, 300 miles above Muscle Shoals.
and the development of other power sites.
The corporation will Ak nitrates and ex-
pertinent with fertilizers-and sell them at any
price it chooses to fix.
In its development of fertilizers nitrates ana
powers, 1t has free access to all patents nied
in the United States Patent ONCE. leaving IN
demnity of the owners to the Federal courts
1t will borrow money to finance its projects
and as a Government corporation 1t counts
on being able to get that money at low rates.
As Government corporation it has rights
OF eminent domain-that is it can have con-
demned any lands, rights Of way or other in
terests that are necessary to carry out the
purposes of the bill.
1t can build Transmission lines and sell power.
giving preferences to towns, cities and Coop
erative farm associations.
This last activity puts it into competition
with the power companies of the district to
which Tennessee Valley power can be carried
and the estimated transmission district has
. radius of $50 miles.
Competition with the private power COM
panies will mean one of two things: The Gov
ernment will undersell them and force them
out Of business or make them lower their rates
to match the Government rates.
DR.. Arthur Morgan, president Of Antioch
College and a civil engineer with long practical
experience in drainage projects, has been made
head Of the Tennessee Valley Authority
President Roosevelt has thrown his whole
support behind the experiment. which he be-
ieves will transform the Tennessee Valley, pre-
vent dangerous floods along the river, help
control the volume of water pouring into the
Mississippi each Spring. and eventually result
in the lowering of light and power rates tor
the whole country.
Evening star., 1933-07-30

EVENTUALLY the site selected for the work
L was Muscle Shoals. where the necessary
hydroelectric power could be generated.
The nitrate plants were completed in 1918
and the building Of what Is now called Wlison
Dam was begun in that year.
Shortly afterward came the armistace ana
the Government found itself with white ele-
phant in the shape of nitrate plants. power
plants and a partly completed dam.
Money was dOled out At intervals to CON-
plete the dam and arguments began on what
to do with the set-up that had cost the country
about $150OO000O
Farmers organizations said that the Govern
ment should run the nitrate plants to help pro-
vide them with cheaper fertilizer Nitrate
companies opposed the idea and offered to rent
the plants.
While arguments dragged on rapid r1se
in the making Of synthetic nitrogen all over
the world together with changes in the pro-
duction processes. brought an automatic cheap
ening of that product to the place where nitro
gen producers began to ask help to curb pro-
duction.
THE Muscle Shoals nitrate project dwindled
] to a plan for experimental work In better
fertilizers with the products to be sold chiefly
to agricultural colleges and farmers co-opera-
tives. The power idea was shelved.
All the years Of discussion found the prob
lem Of the use Of the electric power popping
up At intervals power companies made offers,
which were rejected for one reason Or another.
And the real struggle has been over the
power plants
In April, 1922. Senator George Norris began
his battle for Government operation Of the
whole Muscle Shoals project, . battle that
went on for ii years.
Several times the power plants have almost
gone into private hands. and with them other
power sites up and down the river.
Senator Norris and the group he has led
argue that electric power is now q necessity.
not luxury: that it is a necessity In the
Evening star., 1933-07-30

hands Of monopoiists who have not been ef-
fectfvely curbed by governmental regulataon'
that only the Government operating and SELL
ing at a low profit. can provide the competition
that will force down the rates to domestic ana
rural consumers to the point where these
small customers can afford to use modern
labor saving and comfort giving machinery.
The opponents Of the people who want pub
Lie ownership and operation Of electrical power
are chiefly as is natural. those who have In
vestments in light and power companies.
They say that they have built up the in
dustry; that in the pioneer days Of electrical
development they were even offered bonuses
by cities and States to make their investments
They add that their bonds and stocks now
form large parts of the investments Of in
surance companies and trust funds Of various
kinds.
The contending parties have hurled statistics
and statements defending their sides of the
controversy until the average man has given
up the job Of trying to decide where the
right lies.
\ lEANWH1IE the die has been cast for the
W. experiment
The of1acial title of the Muscle Shoals bill
reads: AN act to improve the navigability
and to provide for the flood control Of the
Tennessee River; to provide for reforestatiou
and the proper use Of marginal lands tn the
Tennessee Valley: to provide for tine agricul-
tural and industrial development Of said valley:
to provide for the national defense by the crea-
ton of a corporation for the operation of Gov
eminent properties at and near Muscle Shoals
in the State of Alabama, and for other pur-
poses"
No one objects to the 1ood control, the re-
forestation, the provisions for national defense.
The railroads have some objection to the de-
velopment Of competition from river naviga-
tton. Some hard-hearted cynics suggest the
doubtful value to the country as q whole. in
the t!1roes of overproduction of all kinds. in
The Republican. [volume] (Oakland, Md.) 1877-current, 1933-02-02
THREE GARRETT COUNTY
BILLS ARE INTRODUCED
One Would Repeal Law PrOvid-
ing For Payment of BOunties

Three Garrett measures were intro
duced in the House of Delegates on
Monday night. The Garrett county
delegation sponsored all three.
One would exempt Garrett county
from the statute which provides tina;
one-half of the fines and forfeitures
in the Circuit Court shall go to the
Bar Association for the purchase of
books for the library maintained at
the court house for the use of the
Judges of the Circuit Court. Six of
the twenty-three counties at present
are exempt from that statute. The
bill was referred to the Committee on
Ways and Means.
Another Of the proposals would re-
duce the cost of keeping and maintain
ing prisoners committed to the County
Jail from 60 cents to 40 cents per
day. This measure was referred to
the Garrett county delegation for con-
sideration.
The third of the measures, referred
to the Committee on Game and Fish,
would repeal the existing law provfd-
ing for payment of bounties for kill
ing weasels, wild cats and foxes.