Decatur Daily Democrat, Volume 36, Number 159, Decatur, Adams County, 7 July 1938 — Page 6

PAGE SIX

STEPHENSON IS MAKING FIGHT Former Klan Head Continues Fight For Release From Prison Noblesville, Ind., July <U.P> Oral arguments were to be presented In Hamilton circuit court today on a motion of the state to dismiss the petition of 1). C. Stephenson, former Ku Klux Klan leader. who is seeking a new trial. Stephenson, under life sentence In the state prison, has filed a writ of coram nobis which the state Is opposing. Arguments were to be presented ; by Janies Northatn, assistant at-1 torney general, and Alban M. Smith of LaPorte, Stephenson s at-1 torney. The former klan leader has serv-; ed 13 years for the murder of Madge Oberholbzer. TENSION (.ROWS (CONTINUED FROM PAGE ONE) that General Francisco Franco of the Spanish insurgent armies, had j given the British government defl-1 nite assurance that—ls and when the rebels win—no foreign interference will be tolerated in the new Spain. The exact meaning and results of such a statement by Franco j

a*. o.wvx .... ... Statement of Condition of the WESTERN FIKE INMHIME COMPANY Fort Scott, Kansas On the 31st Day of December, 1937 RAY B. DUBOC, President E. C. (JORDON, Secretary Amount of Capital paid up •> 500.000.00 | GROSS ASSETS OF COMPANY Real Estate unincumbered * I 221,577.97 Mortgage Loans on Real Estate (Free from any prior Incumbrance) 4,468.39, Bonds and Stocks owned (Market Value) 930,685.07 Cash in banks (on interest and not on interest) - 88,004.31 Accrued Securities (Interest and Rents, etc.) 4,735.71 Other Securities None Premiums and Accounts due and in process of collection 101,055.43 Accounts otherwise secured -None Total Gross Assets >1,350,526.78 Deduct Assets Not Admitted 5 6,285.21 Net Assets 1>1,344,241.57 LIABILITIES Reserve or amount necessary to reinsure outstanindg risks I 513,324.00 Losses due and unpaid . None Losses adjusted and not due 49,696.79 Losses unadjusted and in suspense None 1 B’Hs and Accounts unpaid 1,322.00 Amount due and not due Banks or other Creditors NoneOther Liabilities of the Company 32,823.28 Total Liabilities * 597,166.07 i Capital > 500.000.00 Surplus > 247,075.501 Total 11,344,241.57!

STATE OF INDIANA, Office of Insurance Commissioner. I, the undersigned, Insurance Com- : missioner of Indiana, hereby certify < that the above is a correct copy of the Statement of the Condition of the above mentioned Company on the 31st day of December, 1937, as shown by the original statement and that the said original statement is | now on file in this office. In Testimony Whereof, I hereunto | subscribe my name and affix my offi- I cial seal, this 21st day of June, 193 M. | (Seal) GEO. H. NEWBAUEK, • Insurance Commissioner. < •If Mutual Company so state. JUNE 30— JULY 7 Statement of Condition of the WORLD FIRE A MARINE I\Sl RANCE COMPANY Hartford, Connecticut 670 Main Street On the 31st Day of December, 1937 W. ROSS McCAIN, President FRANK G. BUSH, Secretary Amount of Capital paid up •>1.000,000.00 GROSS ASSETS OF COMPANY Peal Estate unincumbered I None Mortgage Loans on Real Estate (Free from any prior incumbrance) None Bonds and Stocks Owned (Book Value) 4.828,214.61 I Cash in banks (on interest and not on interest) 590,921.19 Accrued Securities (Interest and Rents, etc.) 42,672.34 I Other Securities - None | Premiums and Accounts due and in process of collection 337,008.14 Accounts otherwise secured 5,029.61

Total Gross Assets 15,803,845.89 Deduct Assets Not Admitted 1 71,216.80 Net Assets (5,732,629.09 LIABILITIES Reserve or amount necessary to reinsure outstanding risks (1,201,831.17 Losses due and unpaid. . 141,834.70 Losses adjusted and not due None Losses unadjusted and in suspense None Bills and Accounts unpaid 10,000.00 Amount due and not due Banks or other Creditors None Other Liabilities of the Company , 79,000.00 Total Liabi1itie5»1,432,665.87 Capital .... »1,000,000.00 Surplus 13,299,963.22 Total -(5,732,629.09 STATE OF INDIANA, Office of Insurance Commissioner. I, the undersigned, Insurance Commissioner of Indiana, hereby certify that the above Is a correct copy of the Statement of the Condition the above mentioned Company on the 31st day of December, 1937, as shown by the original statement and that the said original statement is now on file in tills office. In Testimony Whereof, I hereunto subscribe my name and affix my official seal, this 21 st day of June, 1938. (Seal) GEO. H. NEWBAUEK, Insurance Commissioner. •If Mutual Company so state. JUNE 30— JULY 7

I could be properly assayed only after the war Is over, but the disi closure helped explain Great Brit- ■ Ulu s Willingness to risk a victory : by the fascist and nazl supported , Insurgents at one of the most strategic points In the British Em- | pire life line. ’ Franco's declaration, if carried out fully, would mean that both nail Germany and fascist Italy would end all influence hi Spain 1 when the war is ended and thus I remove grace military danger to Britain’s fortifications command- | Ing the Mediterranean at Gibraltar and to France's back door defenses along the Pyrenees. Despite the insurgent leaders declaration, however, many authorities haxe expressed great skepticism in regard to Britain’s apparent confidence that her financial resources will be more important to Franco after I the war than Italian and German 1 military aid. Elsewhere: . Spain: Insurgents besieged the I town of Nules as they plugged i slowly ahead in their attack on I , Valencia. Mexico: President Lazaro Car-i denas signed a contract with W. I I R. Davis of New York involving I sale of $10,000,000 of oil expropriated by the Mexican government. I Most of it will go to Germany. France: World Jewish organizations urged the international refugee conference to protest to Germany against alleged persecution of Jews and to persuade the reich | to permit emigrating Jews to take i property with them.

i 1(j im v■■ v. aaa. Statement of Condition of the INII’EII FOREMEN'S INSIRAVCE < <>. OF PHILADELPHIA Philadelphia, Pennsylvania 55 Fifth Avenue New York, New York On the 31st Day of December, 1937 T. J. IRVINE, President J. T. Tabler, Secretary Amount of Capital paid up •11,000,000.00 j GROSS ASSETS OF COMPANY Real Estate unincumbered > 211,343.42 Mortgage Loans on Real Estate (Free from any prior incumbrance) .... 177,690.54 Bonds and Stocks owned (Book Value) 3,560,562.90 Cash in banks (on interest and not on interest) 162,705.07 * Accrued Securities (Interest and Rents, etc.) 34,043.98 Other Securities None Premiums and Accounts due and in process of collection 163,393.45 Accounts otherwise secured 4,181.88. Total Gross Assets >4,313,921.24 Deduct Assets Not Admitted > 314,660.22 Net Assets >3,999,261.02 LIABILITIES Reserve or amount necessary to reinsure outstanding risks >1,343,653.01 Losses due and unpaid.... None I Losses adjusted and not due 91,553.00 Losses unadjusted and in suspense None BHls and Accounts unpaid ..._ 104,555.00 Amount due and not due Banks or other Creditors None Other Liabilities of the Company 26,795.08; Total Liabilities >1,566,556.09 Capital >1,000,000.01) I Surplus >1,432,704.93.

TOTAL 63,999,261.02 < STATE OF INDIANA, Office of Insurance Commissioner. j I, the undersigned, Insurance Com- t missioner of Irtdiana, hereby certify : that the above is a correct copy of, i the Statement of the Condition of | i the above mentioned Company on , the 31st day of December, 1937, as-j shown by the original statement and ' j that the said original statement is i now on file in this office. I. In Testimony Whereof, I hereunto < subscribe my name and affix my official seal this 21st day of June, 1938. | (Seal) GEO. H. NEWBAUEK, | . Insurance Commissioner. •if Mutual Company so state. JUNE 30— JULY 7 Statement of Condition of the WESTERN ASMI RANCE COMPANY Toronto, Canada 110 William Street, New York, New York On the 31st Day of December, 1937 I Amount of Deposit paid up —*6 400,000.001 GROSS ASSETS OF COMPANY Real Estate unincumbered 6 None Mortgage Loans on Real Estate (Free from any prior incumbrance) .... None Bonds and Stocks owned (Market Value) .... 3,506,713.73, Cash in banks (on interest and not on interest) 567,760.11' 1 Accrued Securities (Interest and Rents, etc.) 26,230.49 I Other Securities None Premiums and Accounts due and in process of •collection 187,058.20 Accounts otherwise secured 5,963.26

Total Gross Assets (4,293,725.79 Deduct Assets Not Admitted 1 9,465.52 Net Assets (4,284,260.27 LIABILITIES Reserve or amount necessary to reinsure outstanding risks (1,241,874.71 Losses due and unpaid.... None Losses adjusted and not due 13,262.90 Losses unadjusted and In suspense 262,738.0'J Bills and Accounts unpaid None Amount due and not due Banks or other Oredi1 tors None Other Liabilities of the ' Company 177,527.20 Total Liabilities (1,695,401.91 ' Capital ( 400,000.00 ■ Surplus (2,188,858.36 ' Total (4,284,260.27 STATE OF INDIANA, Office of Insurance Commissioner. I, the undersigned, Insurance Com- ’ missioner of Indiana, hereby certify ‘that the above is a correct copy ot I the Statement of the Condition ot 1 the above mentioned Company on ' the*3lst day of December. 1937, as > shown by the original statement and • that the said original Statement Is now on file In this office ’ In Testimony Whereof, J hereunto • subscribe my name and aiflx my offi- • cial seal, this 21st day of June, 1938. (Seal) GEO. H. NEWBAUEK, Insurance Commissioner. •If Mutual Company so state. JUNE 30— JULY 7

f PRESIDENT TO *■ (CONTINUED FROM PAGE ONE) I y the candidacy of Sen. Robert J. il Buckley, D., O„ seeking re-elec-j it tlon. The president in Ids fireside j I- chut reserved the right, an head I of the Democratic party, to apeak | d for liberal candidates. The Ohio j I, primary la August 9. y , From Marietta the president will I i proceed to Covington. Ky., for an- ' s other broadcast speech at the! i laitonia race track at 2:30 p. mJ J Kentucky's Democratic voters will 1 r I choose on August fi whether to re- , nominate Mr. Roosevelt’s senate - majority leader, Alben W. Barkley J -|or name Gov. A. B. (Happy) - Chandler as their new senator. 1 Mr. Roosevelt already has indi- • rated strong preference for Bark-i . ley. but Chandler has announced ■ his intention to board the presi-1 i dent's train to greet the chief executfve. The White House said .that the tentative itinerary has : ■'been sent each governor and sen-1 1 I ator along the route—a bare state- 1 i Intent of expected train arrival - [times; that each governor and sen-' ■ ator may do as he pleases about • 1 I meeting the train and that no in- j 1 ■ citations have been Issued. ! 1 Two more stops are scheduled in Ketucky for rear platform ap- J pearances, at Louisville and at * . Bowling Green. The party then will proceed byway of Memphis, > 1 Tenn., to Oklahoma City without ; < any pre-arranged stops. Arriving at Oklahoma City at 5 J p. m.. Saturday, Mr. Roosevelt will p speak at 5:15 p. m. CST. In Okit

Statement of Condition of the < ASI ALTY Ml Tl Al, IVIHIWE COMPANY' Chicago. Illinois 208 So. LaSalle Street On the 31st Day of December. 1937 CHESTER J. ALGER. President ! ERNEST E. HIELSCHER, Secretary: Amount of Capital paid up •» Mutual GROSS ASSETS OF COMPANY ! Real Estate unlncumb1 ered I None ' Mortgage Loans on Real Estate (Free from any prior incumbrance) - None Bonds and Stocks owned (Amortized Value) 212,035.41 ■ l(.'ash in banks (on interest and not on in- | terest) 14,204.64 j ! Accrued Securities (Interest and Rents, etc.) None Other Securities 600.00 Premiums and Accounts due and in process of I , collection 9,94<.63 ; I Accounts otherwise se- I cured ... 11,502.05 j Total Gross Assets ... 6 248,189.73 ' Deduct Assets Not Admitted 8 Net Assets 8 240,3«2.5a liabilities Reserve or amount ne- . cessary to reinsure I outstanding risks J 1'4,716.58; 1 Losses due and unpaid None Losses adjusted and not ; due .. None Losses unadjusted and in II suspense u 6,210.80 Bills and Accounts unpaid 785.29 j Amount due and not due Banks or other Credii tors None 'Other Liabilities of the Company 93,051.40 Total Liabilities 8 184,765.07 | Total ——* 240,302.55

1 STATE OF INDIANA, I j Office of Insurance Commissioner. I, the undersigned. Insurance Com- J missioner of Indiana, hereby certify 1 that the above is a correct copy of I ( the Statement of the Condition of * J the above mentioned Company on , the 31st day of December, 1937, as ; shown by the original statement and * that the said original statement is now on file in this office. In Testimony Whereof, I hereunto subscribe my name and affix my offi- ‘ cial seal, this 21st day of June, 1938. (Seal) GEO. H. NEWBAUEK, I Insurance Commissioner. , •If Mutual Company so state. JULY 7—14 O — Statement of Condition of the BITUMINOt S CASUALTY COR POR ATION Rock Island, Illinois Cleaveland Building < On the 31st Day of December, 1937 H H. CLEAVELAND. President K. G. CARNEY, Secretary Amount of Capital paid up »6 300.000.0 U GROSS ASSETS OF COMPANY Real Estate unincumbered —• $ None I Mortgage Loans on Real i Estate (Free from any 1 prior incumbrance) None j I Ronds and Stocks own- | ed (Market Value) — 3,8<8,688.88 |Cash in banks (on interest and not on interest) 654,366.8 L ; Accrued Securities (Interest and Rents, etc.) 36,562.36 ; Other Securities None i I Premiums and Accounts I due and in process of collection 1,008,777.85 Accounts otherwise secured None j

Total Gross Assets ....(5,578,385.91 i Deduct Assets Not Admltted I Net Assets (5,470,16Z.14 LIABILITIES Reserve or amount necessary to reinsure outstanding risks ( None [Losses due and unpaid... 2,678,738.61 | I Losses adjusted and not I due None Losses unadjusted and in suspense - None Bills and Accounts unpaid 494,325.60 Amount due and not due Banks or other Creditors - None Other Liabilities of the Company 1,267,025..12 Total Liabilities |4,440,08».53 i Capital ... » 300.000.00 I Surplus --I 735,072.61 Total (5,475,162.14 STATE OF INDIANA, Office of Insurance Commissioner. I. the undersigned, Insurance Com- ’ missioner of Indiana, hefeby certify : that the above Is a correct copy or f the Statement of the Condition of 1 the above mentioned Company on J the 31st day of December, 1937, as 1 shown by the original statement and B that the said original statement is now on file In this office. > In Testimony Whereof, I hereunto - subscribe my name and affix my otfi- • cial seal, this 21st day of June, 1938. ■. (Seal) GEO. H. NEWBAUEK, Insurance Commissioner. •It Mutual Company so state. JULY 7—14

DECATUR DAILY DEMOCRAT THURSDAY. JULY 7, 1938

JURY TO PROBE PRICE OF MILK Chicago Jury To Probe Spread Between Producer, Consumer I Washington. July 7— (U.R) —The I department of Justice announced I today that a federal grand Jury at I Chicago will begin work Immediate- : ly to determine whether the spread ' between the price of milk paid to I producers and prices puld by consumers in the Chicago area is accidental or prearranged. After months of investigation. , homa Sen. Elmer Thomas seeks renomination. Mr. Roosevelt will continue that night to Fort Worth. Tex., home of his son. Elliott. Monday morning he will entrain again, stopping at Amarillo. Texas. Tuesday, July 12. the party will arrive at Pueblo, Colo., where Mr. Roosevelt will make a rear platform appearance. The next scheduled stop is at Crockett, Calif., Thursday, then San Francisco. An overnight trip will take him to Los Angeles where he will detrain to motor to San Diego. There the Houston will take him away from American shores into tropical fishing grounds.

I Statement of Condition of the AMERICAN BONDING COMPANY' OF BALTIMORE Baltimore. Maryland Charles & Lexington Streets On the 31st Dav of December, 1937 D. CLAUDE HANDY, President ROBERT S. HART, Secretary Amount of Capital paid up •81,000,000.99 GROSS ASSETS OF COMPANY Real Estate unincumbered 8 65,090.90 Mortgage Loans on Real Estate (Free from any prior Incumbrance) .... None Bonds and Stocks owned (Market Value) 1,485,996.25 Cash in banks (on Interest and not on Interest) 137,422.78 . Accrued Securities (Interest and Rents, etc.) 5,516.70 Other Securities ' Premiums and Accounts due and in process of collection 258,849.24 Accounts otherwise secured 16,864.44 Total Gross Assets 81,969,649.41 Deduct Assets Not Admitted 8 37,064.61 Net Assets . 81,932,584.80 LIABILITIES Reserve or amount necessary to reinsure outstanding risks 8 None Losses due and unpaid .. None , Losses adjusted and not due None Losses unadjusted and in suspense — None Rills and Accounts unpaid None Amount due and not due Banks or other Creditors None 1 Other Liabilities of the Company 244,976.51 | Total Liabilities 8 244,976.51 1 Capital 81,009,090.90 1 Surplus 8 687,608.29 ] Total 81,932,584.80 I

STATE OF INDIANA, Office of Insurance Commissioner. | I, the undersigned, Insurance Com- | missioner of Indiana, hereby certify I that the above is a correct copy of I the Statement of the Condition of I the above mentioned Company on I th 31st day of December, 1937, as I show'n by the original statement and I that the said original statement is I now on file in this office. j In Testimony Whereof, I hereunto I subscribe my name and affix my offi- I cial seal, this 21st day of June, 1938. (Seal) GEO. H. NEW BAUER, Insurance Commissioner, •If Mutual Company so state. July 7—14 o Statement of Condition of the CO M M ERM TA L CA SU ALTY INSI RANCE COMPANY Newark, New Jersey 10 Park Place On the 31st Day of December, 1937 HOWE S. LANDERS, President E. A. BLENDOW, Secretary Amount of Capital paid up *61,000,000.00 GROSS ASSETS OF COMPANY Real Estate unincumbered 6 260,757.77 Mortgage Loans on Real Estate (Free from any prior incumbrance) .... 3,047,193.46 j Bonds and Stocks owned (Book Value) 3,906,462.32 <\.sh in banks (on interest and not on interest) 331,048.42 Accrued Securities (Interest and Rents, etc.) 69,104.10 ! Other Securities None i Premiums and Accounts due and in process of I collection 960,935.7 4 Accounts otherwise se- ’ cured 203,422.02

Total Gross Assets (8,779,013.83 | Deduct Assets Not Admitted ( 644.913.38, Net Assets (8,134,100.45 LIABILITIES Reserve or amount necessary to reinsure outstanding risks (2,495.046.86 I Losses due and unpaid. .. 3,424,939.54 Losses adjusted and not due None Losses unadjusted and in suspense None Bills and Accounts unpaid 40,000.00 Amount due and not due Banks or other Creditors None Other Liabilities of the Company 394,650.50 Total Liabilities (6,35»,636.90 Capital (1,000,000.00 Surplus ( 779,463.55 Total (8,134,100.45 STATE OF INDIANA, Office of Insurance Commissioner. I, tiie undersigned. Insurance Commissioner of Indiana, hereby certify that the above is a correct copy ot tiie Statement ot the Condition of the above mentioned Company on 1 the 31st day of December, 1937, as shown by the original statement and 1 that tiie said original statement is now on file in this office. 1 in Testimony Whereof, I hereunto ■ subscribe my name and affix my otti- • cial seal, this 21st day of June, 1938. , (Seal) GEO. H. NEWBAUEK, Insurance Commissioner. •If Mutual Company so state. July 7—14

Evangelist, 78, Weds Girl, 26 Hr* I W < si V ■r? \ £2 JJ S I -I\ 1 ? ,-V y•; - r • j- - Gypsy Smith and his bride With his son officiating, Gypsy Smith, 78-year-old British-Romany evangelist, weds the former Mary Alice Shaw, 26-year-old student at University of California at Los Angeles, in Hollywood. Smith met Miss Shaw when she was 12

the department issued an initial summary of evidence and outlined the case it will present to the grand jury. "It appears that as a result of price maintenance the producer receives an extremely low price for milk in spite of high prices paid by the consumer,” the department said. ' "The information now in the possession of the department of justice indicates that this condition is not accidental but is caused by conspiracies and agreements in restraint of trade. “However, until full inquiry by the grand jury is had and evidence under oath is produced the depart-) ment is not in a position to make positive charges against named individuals or corporations. “The purpose of the grand jury inquiry is to ascertain whether the facts which may be brought out by testimony require the institution of prosecution under the Sher-, man anti-trust act.” Reviewing a general survey into the milk situation, the department i charged that local boards of health have aided in the curtailment of milk supply and maintenance of, prices.

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Development of price maintenance has taken place over the last 50 years, the department said, and) began with collective agreements | to combat “ruinous competitive j conditions.” “A frequent method of erecting a barrier against surplus milk was, by limiting the number of farms which could be inspected and certi-. fied by health authorities in a given milk shed,” the department said. "In some cases municipal ordinances prevented farmers located beyond an arbitrarily-selected area from obtaining licenses to ship milk to the city In question. More often, however, (and this is true in the Chicago area), the area in which farms could be inspected was left to the sole and uncontrolled discretion of the health authorities. "This development gave local boards of health not only sanitary control over the quality of milk, but economic control over the price of milk. It created enormous political pressure upon such boards. Gradually their part in the milk price structure became openly admitted at public meetings.” Thurman Arnold, chief of the anti-trust division, said the Chi-

"dlsclosei In exCa *° "form the conditions obtainor less throughout the ‘"Arnold said that ns a result of th . i" lilry "it may confidently be that the industry may be \ from the elements of rackeeermg and coercion under which ihe evidence indicates It now sufsaid a further objective Os the Inquiry would be "the restoration of free competition. ——- Geologists Argue in Eons Palo Alto. Cd7rU.R)-Pa’eonto-legists and geologists have a remarkable latitude In which to disagree. N- L. Taliaferro of the Univ,.rsity of California argues that rec ent researches place the creatillg of the San Andears fault of California, one of the greatest earth rifts In the world, at about one million years age Other au-

FARM MACHINE! whom REPAIRS 8 ers. In REPAIR PARTS FOR ALL MAM OF BINDERS AND MOWERS. Gl T \R\NTEED TO FIT AND Wor | SATISFACTORILY. A QUALITY REPAIRS AT A LOW PRICE. FINE QUALITY STANDARD AMERICAN MADE BINDER TWIN AT A NEW LOW PRICE. ♦ Runs Smooth and Even. ♦ Free From “Birds Nests.” ♦ Full Weight and Full Length.

thoritles placed h a| H years ago. Children Taught London.— ku.R; a J miniature roads on children will be t ai . v traffic rules while drir b'* automobiles and tr|(). ( .|J® laid out in Lordship ‘fl will be n mile of way streets, slg ng , , W lights on which the be instructed to drive i,,9

r a DO C TOrS Jackson! digestive PC 1 inc from overf.duli, , ' MU Get . eo?p M U« f ;'; today, or mall thi. Medicine Co.. Xaneavnih Sold and Guarantt.-W HOLTHOUSE DR LG B