Indianapolis Times, Volume 45, Number 52, Indianapolis, Marion County, 11 July 1933 — Page 11

JULY 11, 1933

EXCLUSION ACT CHANGE DRIVE GAINS STRENGTH Oriental Quota Law Would Replace Restriction Japan Dislikes. BY MAX STERN Time* Special Writer. WASHINGTON, July 11.—Proposals for an oriental quota law to supersede the immigration exclusion clause of 1924, which the Japanese have considered a national affront, will be presented to the next session of congress. Ail measures to humanize and liberalize the immigration statutes were sidetracked at the short session to way for the emergency recovery program. In Washington, the United States Chamber of Commerce is leading the quota movement. The state department long has advocated the -change. Former Chairman Albert Johnson of the house immigration committee, Senator David Reed, author of the national origins law, and many others in both houses favor the quota plan. Act Passed Hastily The 1924 exclusion act was passed hastily in the heat of post-war nationalism. While not mentioning Japan, it worked to abrogate the 1908 gentlemen's agreement and to exclude Japanese nationals, along with other aliens ineligible to citizenship President Coolidge and State Secretary Hughes opposed its passage, but the California delegation under pressure of the American Legion and labor leaders demanded it. The anti-exclusionists have been growing steadily in numbers. Even in California a sizable group of j business men has organized for re- i peal of the exclusion clause. They i have set up a California Council ; of Oriental Relations, with key men in twenty-five California cities. The movement has spread to other Pacific coast cities. Native Sons Oppose Change The council proposes to allow entry under the national origins law of quotas of oriental nationals on an equal footing with those of western nations. This would, they point out, permit a negligible number of orientals to enter, and, at the same time, remove what has become an irritant to Japan. Under the original iaw only 185 Japanese, including whites born in Japan, would be admitted a year. China could send 105 nationals, but no laborers. Opposing the cnange are the native sons, the American Legion, State Labor Federation. Hut Secretary Paul Scharrenberg of the state labor federation is said to have modified his views to some extent. Attitude of the Roosevelt administration is undetermined. COURT POST Louis I’. Adams to Be Field Attorney for Tax Division. Resignation of Louis P. Adams, city prosecutor in charge of municipal court traffic cases, to accept the post of field attorney for the state chain store tax division, was announced Monday. Adams will serve under Clarence Jackson, income, sales and chain tax collector, and be in charge of tax evasion prosecutions. It is a new position created by the 1933 legislature. Adams has bepn city prosecutor since 1931, serving under appointment of Edward H. Knight, corporation counsel. Statement, of Condition of the COMMONWEALTH LIFE INSURANCE COMPANY. Louisville Kentucky. 106-110 South Fifth Street. On the 31st Dav of December. 1932. I. SMITH HOMANS. Vice-President. JOS. R HOFFMAN, Secretary Amount of caoital paid up $ 1,500,000.00 NET ASSETS OF COMPANY Cash in banks ion Interest and not on interest! S 373,583 00 Real estate unincumbered 958.923.06 Bonds and stocks owned (market value i 1,583,005.51 Mortgage loans on real estate (free from any prior incumbrance) 7,468,598.36 Accrued securities (Interest and rents etc.) 326,605.74 Other securities: Collateral loans 687,126.58 Prern. notes and pol. loans.. 2.997,108.60 Premiums and accounts due and In process of collection 263.309.00 Accounts otherwise secured .. 10,650.44 Total net assets $14,668,910.29 LIABILITIES Reserve or amount necessary to reinsure outstanding T i sics $12,058,938.57 Prems. & int. paid in adv 87,680.49 Losses unadjusted and In „ suspense 40 568.00 Bills and accounts unpaid ... 9.888.27 Other liabilities of the company 221,834 96 Total liabilities Capital 1,500,000.00 Surplus 750,000.00 Total sl4 668.910.29 Greatest amount In any one risk $ 250,000.00 Life companies: Maximum risk written • No limit Amount retained bv companv* 20,000.00 STATE OF INDIANA: Office of Commissioner of Insurance. I, the undersicned, Commissioner of Insurance 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. 1932. as shown bv 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 mv official seal, this 23nd dav of June 1933. [Seall HARRY F, MrCLAIN. Commissioner. Statement of Condition of THE LIFE INSURANCE COMPANY OF VIRGINIA. Richmond. Virginia. 10th and Capitol Streets. On the 31st Dav of December. 1932. BRADFORD H. WALKER. President. P ST GEORGE COOKE. Secretary. Amount of Capital paid up $ 5 000,000.00 NET ASSETS OF COMPANY Cash in banks ion interest and not on interest! $ 2.891,492 19 Real estate unincumbered... 3.123 924.81 Bonds and stocks owned (market value’ 16 644.154 46 Mortgage loans on real estate (free from anv prior incumbrance! 41 659.540.16 Accrued securities (interest and rents, etc.) 1 153,054.96 Other securities: Policy loans 7.890 091.89 Cash in companv's office 27.553.64 Premiums and accounts due and in process of collection 739.853 06 Account* otherwise secured . 277.568 99 Total net assets $74,407,234.16 LIABILITIES Reserve or amount necessary to reinsure outstanding risks SSB 600 638 11 Losses due and unpaid 48 785 77 Losses adjusted and not due 112 008.00 Losses unadjusted and in suspense 77.661.86 Bills and accounts unpaid... 338 080 22 Other liabilities of the company 4.838.238 00 Total liabilities $64,015.412 98 Capital 5.000.000 00 Surplua 5.391.821.20 Total $74,407 234 16 Life Companies: Maximum risk written $ 100 000 00 Amount retamed bv company 25.000.00 BTATE OF INDIANA: Office of Commissioner of Insurance. I. the undersigned. Commissioner or Insurant* of Indiana, hereby certify that the above is a correct copy of the Statement of the Condition of the above mentioned Company on the Slst dav of December. 1932 as shown by the original statement, and that the said original statement Is now on file In this office. In Testimony Whereof. 1 hereunto subscribe my name and affix mv official teal thl* 23rd day of June 1933 ISAt] HARRY E McCLAIN. Commisalcner.

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FAKE CHEESE RACKET IS CHARGED IN COURT Roquefort Society Alleges Fraud in Manufacture. By Vnited Press LOS ANGELES, July 11.—Charging sundry strategems, including the serious allegation that the famous true green mold is being produced artificially, the society Anonyme Civile de Producteurs de Fromage de Roquefort has lodged suit against several local delicatessen dealers. The complaint charges the familiar tin foil wrapping of the true Roquefort is being imitated, as well as the appearance of the fromage itself. Even the traditional green streaks—voila! —are being fabricated without benefit of time and weather, it is charged. The imposter cheese, the society, charges is being turned out rapidly in sunny factories instead of mellowing for months in the dark caves of Roquefort. The society asks SIO,OOO and franker labelling. DANCE INJURY IS FATAL Wound, Incurred by Stumbling Over Stake, Causes Girl’s Death. By Vnited, Press HAMMOND, Ind.. July 11.—An injury received while dancing in the recent Hammond jubilee pageant proved fatal to Miss Irene Sanders. A storm broke during the pageant, extinguishing electric lights. Miss Sanders stumbled against a stake, inflicting a wound which became infected. Statement of Condition of the FARMERS AND TRADERS LIFE INS. CO. Syracuse, New York. State Tower Building. On the 31st Dav of December. 1932. THOMAS O. YOUNG. President. EDWIN W. HENNE. Secretary. Amount of capital paid up.... (stock) $300,000.00 NET ASSETS OF COMPANY Cash in banks ion Interest and not on interest) $ 224.834.53 Real estate unincumbered (market) 283,066.01 Bonds and stocks owned (market value i 624,617.53 Mortgage loans on real estate (free from anv prior incumbrance) 3,553,650.70 Accrued Securities (interest and rents, etc.) 126,392.66 Other securities policy loans.. 797.564 23 Advance for taxes 21.622.38 Petty cash in office 500.00 Premiums and accounts due and in process of collection 144,484.81 Total net assets $5,776,732.85 LIABILITIES Reserve or amount necessrv to reinsure outstanding risks. $5,052,972 97 Losses due and unpaid 16.587.00 Bills and accounts unpaid. .. 4,015.55 Other liabilities of the company 71.236.12 Total liabilities $5 144 811 64 Capital 300,000.00 Surplus 331.921.21 Total $5,776,732.85 Greatest amount In any one risk. . $ 7,500 Greatest amount allowed by rule of the company to be insured In any one cily. town or villas? No restrictions Life companies: Maximum risk written SIOO,OOO Amount retained bv company 7 500 STATE OF INDIANA: Office of Commissioner of Insurance> I, the undersigned. Commissioner of Insurance of Indiana, herebv 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. 1932. as shown bv 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 official seal, this 22nd dav of June. 1933. (Seall HARRY E. McCLAIN. Commissioner. Statements of Condition of THE COLUMBIAN NATIONAL LIFE INSURANCE CO. Boston. Massachusetts. 77 Franklin St. On the 31st Dav of December. 1932. ARTHUR E. CHILDS. President. WILLIAM H. BROWN. Secretary. Amount of capital paid up... $ 2.000,000.00 NET ASSETS OF COMPANY Cash in banks ion interest and not on interest) $ 400,881 09 Rea! estate unincumbered ... 2.503.300.00 Stocks owned 1.447.764 90 Bonds 16.273.370.85 Mortgage loans on real estate i free from any prior incumbrance) 6,963.122.12 Accrued securities (interest and rents, etc.) 927.162.67 Premiums and accounts due and in process of collection 849.686 85 Loans to policyholders 9,887.594.46 Miscellaneous 455,046.91 Total net assets $41,707,929.85 LIABILITIES Reserve or amount necessarv to reinsure outstanding risks $35,786.804 20 Losses . unadjusted and in suspense 527.057.46 Reserve for dividend held awaiting apportionment 12,000.00 Bills and accounts unpaid, including tax reserves 191.555 44 Continaencv reserve 140.000.00 Other toabilities of the company 1,495.277.16 Total liabilities $38,152,694.26 Capital 2.000.000.00 Surplus 1,555.235 59 Total *41.707.929 85 Greatest amount in any one risk, accident * 37.500.00 Life Companies: Maximum risk written $ 100.000 00 Amount retained bv company 50,000.00 STATE OF INDIANA: Office of Commissioner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the Statement of the Condition of the above mentioned Oompanv on the Slst dav of December. 1932. as shown bv the original statement, and that the said original statement is now on file in this office. In Testimony Whereof. I hereunto subscribe mv name and affix my official aeal, this 22nd day of June. 1933. [Seall HARRY E McCLAIN. Commissioner.

GARY CITY EMPLOYES i PAID WITH TAX WRITS , Merchants Expected to Honor Issue of §55,000 at Face Value. 1 By Vnited Press ! 'GARY, Ind., July 11—Tax anticipation warrants totaling $55,000 were distributed among Gary city employes today as May pay rolls were met. Payment of salaries for June was held up by Mayor Roswell O. Johnson with the explanation he did not wish the market to be flooded with the paper, and jeopardize possibilities of the present notes being cashed without a discount. When the city was forced to resort to similar measures last winter, Johnson pointed out, local merchants cashed warrants at face valj ue and he asked that the new paper be honored in the same manner. SH A RECAPTURE REW AR D Greenfield Men to Be Paid SI,OOO for Arrest of Slayer. By Vnited Press GREENFIELD, July 11.—Two Greenfield men will share a SI,OOO reward for their aid in the capture of the confessed slayer of a St. Louis (Mo.) automobile salesman more than a year ago, it was learned here today. Melvin L. Crider and Donald G. Watson will receive SSOO each, they were advised by St. Louis authorities. A man who subsequently identified himself as Clarence Floyd Dailey and confessed the slaying of Eldridge N. King, St. Louis, was arrested here on information furnished by Crider and Watson. Statement of Condition of the THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES New York City, New York. 393 Seventh Avenue. On the 31st Dav of December, 1932. THOMAS I PARKINSON. President. W. ALEXANDER. Secretary. Amount of capital paid up Mutual NET ASSETS OF COMPANY Cash in banks ion interest and not on interest)... $ 47.469.896.90 Real estate unincumbered.. 38,393,906.42 Bonds and stocks owned (in this statement bonds not subject to amortization, and all stocks are valued at quotations furnished bv the National Convention of Insurance Commissioners) 503,094,411.21 Mortgage loans on real estate (free from any prior insumbrance) 520,716,875.96 Accrued securities (Interest and rents, etc.) 28,552,741.25 Premiums and accounts due and in process of collection 31,611,214.73 Accounts otherwise secured 301,857,960.47 Total net assets $1,471,697,006.94 LIABILITIES Net reserve $1,200,346,805.00 Losses due and unpaid 304,575.44 Losses adjusted and not due, losses unadjusted and in suspense 7.464,891.01 Bills and accounts unpaid.. 4,606,334.75 Dividend funds and contingency reserve 105,814,056.02 Other liabilities of the company 153.160,344.72. Total liabilities 1,471,697,006.94 Total $1,471,697,006.94 Life companies: Maximum. risk written 600.000.00 Amount retained bv company 400.000.00 STATE OF INDIANA: Office of Commissioner of Insurance, I. the undersigned. Commissioner of Insurance 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. 1932. as shown bv 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 mv official seal, this 22nd day of June. 1933. fSeall HARRY E. McCLAIN. Commissioner. Statement of Condition of the NATIONAL LIFE INSURANCE COMPANY Montpelier. Vermont. 131 State Street. i On the 31st Dav of December. 1932. FRED A HOWLAND. President. OSMAN D. CLARK. Secretary. Amount of capital paid up Mutual NET ASSETS OF COMPANY Cash in banks (on interest and not on interest) $ 2,095,957.87 Real estate unincumbered .. 9,849.353.59 Bonds and stocks owned ■book value) 36.940,813.51 Mortgage loans on real estate (free from anv prior in- | cumbrancei 57,704,876.98 | Accrued securities (interest and rents, etc.) 3,343,097.47 Other securities: Collateral | loans 137.805.00 ; Policv liens 35,349,824.56 I Agents' balances net 37.604.26 | Premiums and accounts due 1 and in process of collection 3.938.618.57 ! Gross assets 148,337.743 29 i Less assets not admitted 171,251.53 j Total net assets $148,156,491.76 LIABILITIES I Amount due and not due banks or other creditors. $ 4,112.201.59 ! Reserve or amount necessarv to reinsure outstanding risks 127,292.145.00 Losses due and unpaid .... 44.573.79 Losses adjusted and not due 357.431.21 Losses unadjusted and in suspense 201,249.40 Bills and accounts unpaid . 65.555 54 Other liabilities of the company 8.254,684.43 Total liabilities $140,327.840 98 Surplus 7.828.650 78 Total $148,156,491.76 i Life companies: Maximum risk ! written $300,000.00 Amount reta.ned bv company... 100.000.00 STATE OF INDIANA:. Office of Commissioner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copv of the Statement of the Condition of the above mentioned Company on the Slst dav of December. 1933. as shown bv 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 mv official seal this 22nd day of June. 1933. {Seal] HARRY I McCLAIN. , Commissioner.

THE INDIANAPOLIS TIMES

WIDOW SUES TO ! GET INSURANCE I IN DEATH CASE Three Companies Named in Litigation Filed by Mrs. Taylor. Mysterious death of Von Donald Taylor, ex-Armour Tech athlete found dying in front of his fiome at 923 Leland avenue, more than three months ago, was brought into the limelight again Monday in insurance collection actions. The widow, Mrs. Blanche K. Taylor, filed five suits in federal court here against three nisurance companies, for the collection of approximately $35,000 in insurance which she alleges the companies refuse to pay. The actions include two against the Travelers Insurance Company, Hartford, Conn., for $24,618; twe against the Missouri State Life Insurance Company for $3,000 with a double indemnity clause, and one against the Prudential Insurance Company, Newark, N. J., for $2,000 with a double indemnity clause. Mrs. Taylor sets out in the suits that her husband came to his death March 19 through accidental injuries. Taylor, who played football and was a track man in high school at Ft. Wayne and later at Armour Tech, Chicago, died of a fractured skull, according to a coroner's verdict. Suit was filed several days ago in court by Henry J. Taylor, father of the dead man and admniistrator of his estate. It was against the Travelers company and sought the collection of $7,000 for the estate. Appoint Marion Postmaster By Vnited Press WASHINGTON, July 11.—Post-. master-General James A. Farley Monday appointed the following active postmasters: Arthur J. Green, Marion, Ind., and Katie Mullings, Mt. Vernon, Ky. Statement of Condition of the ACACIA MUTUAL LIFE INSURANCE CO. Washington. D. C. 101 Indiana Ave., N. W. On the 31st Dav of December. 1932. WM. MONTGOMERY. President. S. E MOOERS, Secretary. Amount of capital paid up (none) .Mutual NET ASSETS OF COMPANY Cash in banks (on interest and not on interest) $ 1.012,638.02 Real estate unincumbered.... 4.280,784.55 Bonds and stocks owned 3,024,706.79 Mortgage loans on real estate (free from any prior incumbrance) 21,727,763.84 Accrued securities (interest and rents, etc.) 731,248.33 Cash in office 13,020.35 Collateral loans 103,500.00 Loans to policy holders 14,454,722.62 Premium notes 62,088.64 Premiums and accounts due and in process of collection 3,503,083.13 All other assets 1 198,412.74 Total $49,111,969.01 Less non-admitted assets .... 295,350.01 Total net assets $48,816,619.00 LIABILITIES Reserve or amount necessary to reinsure outstanding ri5k5.545,057.055.17 Losses adjusted and not due.. 136,073.70 Losses unadjusted and in suspense 98,796.55 Bills and accounts unpaid... 10,763.37 Other liabilities of the company 1,675,967.69 Total liabilities ..$46,978,656.48 Surplus 1,837,962.52 Total 48.816.619.00 Greatest amount in any one risk.s2oo,ooo.oo Greatest amount allowed by rules of the company to be insured in any one city, town or village Any Greatest amount allowed to be insured in any one block Any Life companies: Maximum risk written $200,000.00 Amount retained by company... 15,000.00 STATE OF INDIANA: Office of Commissioner of Insurance, I, the undersigned. Commissioner of Insurance 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. 1932. as shown bv 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 official seal, this 22nd day of June. 1933. [Seal] HARRY E. McCLAIN, Commissioner. Statement of Condition of the MASSACHUSETTS MUTUAL LIFE INSURANCE CO. Spri .lgfield, Mass. 1295 State Street. On the 31st Dav of December. 1932. W. F. SARGEANT. President. ALBERT SHAW. Secretary. Amount of capital paid up.. Purely Mutual NET ASSETS OF COMPANY Cash in banks (on interest and not on interest) $ 9,453.411.37 Real estate unincumbered.... 14,835.268.06 Bonds and stocks owned 122,578,137.86 Mortgage loans on real estate (free from any prior incumbrance) 183,867,479.00 Accrued securities (interest and rents, etc.) 9,209,688.99 Policy and premium loans... 96,391 977,86 Taxes and expenses advanced on security of mortgage loans 782,120.48 Premiums and accounts due and in process of collection 12,483,744.15 Accounts otherwise secured due from other companies. 19,246.04 Total net assets $449,621,073.81 LIABILITIES Reserve or amount necessary to reinsure outstanding risks $389,691,305.00 Losses due and unpaid 47,619.08 Losses adjusted and not due 955,808.60 Losses unadjusted and in in suspense 240.919.31 Bills and accounts unpaid.. 46,904.07 Other liabilities of the company 40,578.225.55 Total liabilities $431,560,781.61 Surplus 18.060.292.20 Total $449,621,073.81 Life Comnanies: Maximum risk written $ 300.000.00 Amount retained by company 150.000.00 STATE OF INDIANA: Office of Commissioner of Insurance. I, the undersigned. Commissioner of Insurance of Indiana, herebv 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. 1932. as shown bv 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 official seal, this 22nd dav of June. 1933. [Seal] HARRY E. McCLAIN. Commissioner Statement of Condition of the THE NATIONAL LIFE & ACCIDENT INSURANCE COMPANY. INC. Nashville. Tennessee. National Building On the 31st Dav of December. 1932. W. R. WILLS. President. IV. S. Bearden. Secretary'. Amount of capital paid up. $3 000,000.00 NET ASSETS OF COMPANY Cash in banks (on interest and not on interest). $ 652,880.17 Real estate unincumbered.... 2.4*8,881.13 Bonds and stocks owned. .. 13.569,439.39 Mortgage loans on real estate (free from any prior incumbrance) 13.463.227.64 Accrued securities (interest and rents, etc.) ... 692.444.24 Other securities; Collateral loans 70,624.00 Policv loans 1.828.792.46 Premiums and accounts due and in process of collection 834.897,10 Total net assets .$33,526,186.13 INABILITIES l Reserve or amount necessarv | to reinsure outstanding I risks $22,258,608.99 1 Losses adjusted and not due.. 113.712.29 I Losses unadjusted and in suspense 187,041.04 Bills and accounts unpaid... 50.745.43 Other liabilities of the company 4.466.315.96 Total liabilities $27,076,423.71 ! CaDital 3.000.000.00 I Surnlus 3.449.762.42 I Total . $33,526,186.13 ! Greatest amount in anv one ! risk $ 150,000.00 Life Comnanies: Maximum risk written No limit ; Amount retained bv cotnDanv 20.000.00 STATE OF INDIANA: Office of Commissioner of Insurance. I the undersigned. Commissioner of InI surance of Indiana, hereby certify that the above Is a correct copv of the Staiei rnent of the Condition of the above men 1 tioned Company on the 31st day of December. 1932. as shown by the original i statement, ana that the said original statement is now on file in this office In Testimony Whereof. I hereunto subscribe my name and affix my official aeaL this 22nd day of June. 1933 [SEAL] HARRY Z. McCLAIN. Commissioner.

LIFE-SAVING TAUGHT

l t

James C. W. Clark

Classes in life-saving will be conducted this summer at various pools and beaches by James C. W. Clark, director of the Indianapolis chapter of American Red Cross life-saving and swimming. Age limit for the junior lifesaving classes is from 12 to 16 and the senior class age 17 and up. Classes will be held at Rhodius park at 9 a. m.; Garfield park, 1:30 a. m.; Ellenberger park, 1 p. m., and McClure beach, 5 p. m.

BAG WORMS PERIL TREES State Entomologist Urges Spray to Kill Pests. Millions of bag worms have invaded the trees and bushes of Indianapolis, according to Frank N. Wallace, state entomologist, and are stripping trees of foliage. Wallace recommended the use of arsenate of lead diluted in water to rid the city of the pests. Trees and bushes should be sprayed at night, he said. Statement of Condition of THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA New York, New York 50 Union Square. On the 31st Day of December, 1932. CARL HEYE. President. R. C. NEUENDORFFER, Secretary. Amount of capital paid up *s2oo 000.00 *Of this amount $199,500 has been acquired by the company under Mutualization plan. NET ASSETS OF COMPANY Cash in bank (on interest and not on interest $ 983.036.33 Real estate unincumbered .. 7,803,584.76 Bonds and stocks owned (market value) 7,661.649.06 Mortgage loans on real estate (free from any prior incumbrance) 50,894,124.17 Accrued Securities (interest and rents, etc.) 1,960,166.80 Other assets: Par value of capital stock acquired under mutualization plan 199,500.00 Premiums and accounts due and in process of collection 3,220,564,23 Accounts otherwise secured, viz: loans on company’s policies 22,782 843.45 Total net assets $05,505,468.80 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $80,832,371.20 Losses due and unpaid 53,873.85 Losses adjusted and not due.. 137,637.32 Losses unadjusted and in suspense 580,480.89 Bills and accounts unpaid ... 124,157.81 Other liabilities of the company 8,567,615.39 Total liabilities $90,296,136.46 Capital $ 200.000.00 Surplus 5,009.332.34 Total $35,505,468.80 Life companies—Maximum risk written No. limit. Amount retained by company.s 75,000.00 STATE OF INDIANA: Office of Commissioner of Insurance, I, the undersigned. Commissioner of Insurance 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 1932. 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 official seal, this 22nd day of June, 1933. [Seal] HARRY E. McCLAIN. Commissioner Statement of Condition of the CONNECTICUT MUTUAL LIFE INSURANCE. Hartford. Connecticut. 140 Garden Street. On the 31st Day of December, 1932. JAMES LEE LOOMIS. President. HAROLD N. CHANDLER. Secretary. Amount of capital paid up. ..Mutual Cos. NET ASSETS OF COMPANY Cash in banks ion interest and not on interest) $ 4,439,304.72 Real estate inincumbered 9.230.684.70 Bonds and stocks owned.... 91,179.319.00 Mortgage loans on real estate (free from anv prior incumbrance) 59,535,495.83 Accrued securities (interest and rents, etc.) 4,429.012.72 Other securities: Policy loans and premium notes 44,566,918.15 Real estate sold under land contracts (balance purchase) 244,823.00 Premiums and accounts due and in process of collection 5,119,802.34 Accounts otherwise secured. reinsurance due 64,730.16 Bills receivable and agents’ balances 67,983.02 Gross assets $218,878,073.64 Deduct assets not admitted.. 71.765.77 Total net assets $218,806,307.87 LIABILITIES Reserve or amount necessarv to reinsure outstanding risks $174,822,964.00 Losses due and unpaid 20,990.95 Losses adjusted and not due 412,500.91 Losses unadjusted and in suspense 1.028,451.00 !3ills and accounts unpaid.. 49.384.36 Other liabilities of the company 29,946,658.86 Total liabilities $206,280,950.08 Contingency reserve 3,406.575.51 (Surplus, unassigned funds .. 9,118.782.28 Total $218,806,307.87 Life companies: Maximum risk written $ 350.000.00 Amount retained bv company 150,000.00 STATE OF INDIANA: Office of Commissioner of Insurance, I, the undersigned. Commissioner of Insurance 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. 1932. as shown bv the original statement, and that the said original itatement is now on file in this office. In Testimony Whereof. I hereunto subscribe my name and affix my official seal, this 22nd dav of June. 1933. [Seal] HARRY E. McCLAIN. Commissioner. Statement of Condition of the HOME LIFE INSURANCE COMPANY New York. 266 Broadway. On the 31st Dav of December. 1932. JAMES A. FULTON, President. W. S. GAYLORD. Vice-President <& Sec. Amount of capital paid up... Mutual (Nil) NET ASSETS OF COMPANY Cash in banks ion interest). .$1,260,992.05 Real Estate unincumbered ... 1,553,409.34 Bonds and Stocks owned i amortized or investment).. *22,691,643.00 •Bonds not amortized and all stocks have been carried on the basis prescribed by the National Convention of Insurance Commissioners. Mortgage loans on real estate (free from anv prior inI cumbrancei 30.292 918.77 Accrued securities (Interest and rents, etc.) 527,687.93 : Other securities, loans to policyholders and prem. note on company’s policies assigned to secured by terms of policies 21,517,327.93 Premiums and accounts due and in process of collection 1... 2,138.535.12 Cash in office 2,612.47 Total net assets $79,885,126.61 LIABILITIES Reserve or amount necessarv to reinsure outstanding risks $68,747,895 00 Losses due and unpaid 38.626.59 Losses unadjusted and in suspense 378,449.82 Bills and Accounts unpaid... 22.123.50 Other liabilities of the com- | pany 6.416.792.75 ! Total liabilities $75,603,887.66 Contingency reserve 1.200.000 00 Surplus 3.181.238 95 Total $79 985.126 61 | Life Companies. Maximum risk written $ 250.000.00 Amount retained bv company. 75.000.00 STATE OF INDIANA: Office of Commissioner of Insurance, I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copt#of the Statement of the Condition of the above mens tioned Company on the 31st day of December. 1932. as shown bv 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 official seal, this 22nd day of June. 1933. [Seal] HARRY B. McCLAIN. Commissioner.

AUCTIONS TAXABLE UNDER INCOME LAW One Per Cent Assessment Also May Reach Seller. Among inquiries regarding the state income tax which have been referred by The Times to the tax division at the statehouse, is one

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regarding the levy on furniture auction rooms. Receipts from sale of furniture to dealers at auction rooms are subject to a tax of one-fourth of 1 per cent. The auctioneer who cries sales is liable to a levy of 1 per cent of his gross receipts above SI,OOO a year. In the reply, the division pointed out that the matter of profit and loss does not enter into consideration in the gross income tax. Another inquiry was the amount

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of tax on an income of $254.48 foC the months of May and June. ThS levy would be 85 cents. Overlooking one word caused arv error on the part of another tax—payer. He understood income labor was exempt under Section Paragraph B. of the tax law. J However, the paragraph referred! to is worded. Labor, agriculturaC and horticultural societies and othef* organizations not operated for" profit." The inquirer overlooked! the word ’societies."