Indianapolis Times, Indianapolis, Marion County, 2 January 1945 — Page 7

ESDAY, JAN. 2, 1945

USINESS

- By ROGER BUDROW

[HAT OLD SAW ABOUT PLAYING WITH MATCHES] _ barently applies only to children. If a “big shot” grown.

THE INDIANAPOLIS TIMES “Flying Windmills! for the gn iy

TiSCMALLORY Supls Wore o ro RSH BATTERES Following World Wer v

(First of Three Articles.) By ROGE:X W. STUART . - . i ‘Signal Corps Says wo Seripps-Howard Staft Writer ? = i Ta WASHINGTON, Jan 2—Do you wish 0 buy a war plant, jeep, can ? Must ‘Be Replaced x opener, ‘duffiebag, or any of several thousand other: items soon to be E D tossed on the nation’s counters by Uncle Sam? : : very Day” The total of anticipated surplus properties—representing ‘plants, + The “army sign] corps today is-|

machine tools, “material. and - lands-will - be. valued somewhere between ..° $50,000,000,000 and $100,000,000,000. -And their disposal unquestionably sued an urgent appeal to P. R. Mal- wj]| prove to be the biggest and ~ lory “Co. Ine;, calling on the firm's! |probably the most difficult sales |

tery division™ workers ‘to step up Project in history. | commodities to ‘buyers on a “sealed d ttery production to meet the, TWo of the three members of the bid” basis. Goods were cataloged, Ty IP NT surplus property board, charged. by graded and offered for sale by caiaheavy drain on present Stocks in the congress with handling this gi-! log - number. But this scheme also. South Pacific and in Europe. |gantic disposal task, already have failed. 5 In a telegram to Mallory em-| Ipeeri* chosen. The third will be So, at last, Uncle Sam decided to . ployees, Maj. Gen. H. C. Ingles, | named ‘within a’ few weeks. , Their, hold open auctions. Professional chief signal officer of the army, said ;|decisions—as .Lt. Col. Edward H. | auctioneers were engaged to conduct, . “Every day millions of :dry cell Heller, one of thé two so far con-ithe sales in several large ciuies, | batteries must be replaced to keep firmed, points-put—“may very welljOfterities nearly 1000 jobbers, rethousands of portable radio sets, effect, for years to cqme, the econ-|tailers and other buyers would atmine detectors, in operation. The omy of the country.” |tend a single auction. The goods :

ee fbn chased here were, in turn, sold signal: corps and the fighting men to the public in 5000 small stores.

: i 3 man Séfending on a Judging by what happened “after| Approximately $1,680,000,000 of the critical - needs may be met. These world war I-it will take years-to fin-| surplus goods-at-the end -of world ‘I needs call’ for a renewed production | 181 the job. Moreover, if the same war I were in Europe. More than drive immediately.” ° | mistakes are made and the same|a third of them were returned to the : = | difficulties encountered this -time, Onited States, a small portion” were Need 1000 Workers {the whole transaction will give the | destroyed in Europe and the re-

, . Meanwhile, Mallory employees | nation a bad headache. The. job|mainder .sold to foreign nations. Create Liquidation Agency

have started an intensive campaign fahead is some 15 or 20 times larger The U. 8. liquidation commission

to recruit friends and neighbors to| than before. World war I surpluses work in the new battery division, |dmounted to about $6,000000000, of the war department was created

| Huge production quotas require 1090 'and the difficulties, criticisms and|and assigned to the task of handmore _ workers immediately if the NOCUS-pocus accompanying their dis-|ling foreign sales. But the probvital schedules are to be met. | posal were considerable. It took lem was complicated by the. fact In ‘appealing for urgently-needed more than five years to complete that continental transportation faworkers, Mallory . officials pointed | the task. cilities were not what they should out that both. skilled and unskilled Uncle Sam was planning to fight have been and also because neural workers are needed and that no!for a long time, and some of the countries generally did not are for

Byrnes Asks. Congress to ory * Give WLB Power fo Punish previous edpefience is hecessary. materials bought ahead were far| Uncle Sam’s surpluses, | Applicants may call at the company |out of line with requirements. Al-| Even so, the agency made sales

WASHINGTON: Jan. 2. (U, 23. Mobilization Director James P.| |employment offices, 3013 E. Wash- [most a million saddles, for example, |left and right, with the resuit thas Byrnes today asked congress to give the war labor board legal POWET | ington st.-or at the U. S. employ-|were bought®for the army's 35.000 it came. in for heavy criticism on to enforce -its orders without the need of government seizure so that ment service, 257 W. Washington st.| cavalry horses. |the ground that it was selling goods it-could “treat the Petrillos and Averys alike Responsibility for handling the abroad so cheaply that huyers oftHis plea was conthined in an extensive report to congress and the on * | sales job was divided ‘and confused. | times ‘were able to ship them to the President on the problems facing the nation abs this His juncture of of the war.| The Mallory company, which de- Sales agencies were set up in each | United States for resale at a profit. Explaining “his request, Byrnes, veloped the new-type battery, has|department of the government and] ~The overall picture showed that

BYRNES URGES | TAX REVISIONS

| Congress Hears Outline -On ‘Corporation. Tax Changes. =

‘Then began a system of offering

Can We Improve? =

‘Quality production of “flying windmills” for the U. S. army is now under way at Nash-Kelvinator’s Detroit, Mich,, plant. The unusual photo above shows a.trio of the R-6 helicoplers during demonstration for military obgervers and industry officials at the Want airport.

gets burned when his prediction, in ‘a national magazine WASHINGTON, Jan. 2 (U. P).— in the papers, goes wrong, why he Just predicts again, Mopisadun 1 Director Joes F. kt as if nothing had happened. | > geal + (Bymes; told “epngress today that) minent pefsons. Leland Stowe tfonts,” some changes should be] Germany would be defeated in made ‘in corporate levies imme- . Pas, Hille Qed) A dnc after defeat of Germany in ary ay oil the interest of helping business recovery and reconversion, 3 times.” H. eal : ; fioderh Rigid orn Receipts Rise to Rise to 15,000 at\v-e Day without seriously affectsaid an interim] . ing government revenues: government would Local Yards; Top ‘1. Accelerated depreciation allow_negotiate . a sur-| 5 ances on plants or new equipment. rr render . before} * —4i8- $14.80. - * Byrnes said the ‘present law, : dianapolis stockyards today as re-i. 4 f the p t - A lot of others] : physical life o e property ac ed into the crystal ball and] CeIPts, Po ack Severs) favs es quired, “has a tendency to-discout- |- te what-they saw. That. many gate 2 159 oo Jag oliday.| ce the scquisition of new equip. e wrotig didn't matter—the pub-|PUiged to 15,000 hea ment. and the formation of new - . The top price rose to $14.80 on {ses « - h memoly 1s short.” So. they're 160 to 250-pounders, the war food entetpr t- again this year... . 0 =Po He urged a provision - to permit port tc know what's going on and 1100 sheep. which; he said, would prove of spehide” ~ashington, predicted the] Goop To CHOICE HOGS (1500y. |cial benefit in helping small firms ional income would fall* 10 per 140 pounds : $13. 2613.78 75| get loans’ for expanding facilities. t in 1944, based on the belief that| 140- 1¢0 pounds .... LIIBGIUI hall Companies Caught Short many would collapse by Christ- 200 pounds .. «1478 480 4 : a ‘ - 5 (as Gen. Eisenhower predicted.) a B e148] 2 Prompt availability of post-war | #10 pounds refunds bonds. 300 pounds .. 330 pounds bull market in: ‘stocks over. 350 pounds . a+ [email protected] Nol at least before the elec- Meo: 220 z . [email protected] Shody, 31 the shortage of mu- PE paesiin Sows. Big carry out reconversion plans, Byrnes ons, the bitter disillusionment we : |said. Therefore, the portion o Developed Here their excess profits taxes earmarked taken over events in Italy pounds .... p ece and Poland, or the German pounds .... for post-war refund should be re2 "HOUBEE very turned in -part immediately after

ast year at this’ time, Look while. high wartime taxes must. conMASS Vengeance He listed three specific steps “Germany was f= | which computes depreciation “alome: of those: Washington serv- administration . reported. Receipts greater . deductions in. ther earlier 220 pounds .. any didn’t and. national in- i 14.85 14.80 . Many. corporations, especially Cood to Cho'ce nter-attack.

azine was €ull of forecasts by tinue until the war’ ‘is “over on all Sel ed which could be taken soon after Voded. Prices in hogs went up at the In- lowances iA accordante “to the business men buy bécause they also included 3300 cattle, 700 calves years of the life of .the property 240 pounds .. e rose 5 per cent. Neither was small ones, will lack capital to 270- To pounds .... at would have been a good thing

us, but it seems that gloomy |™

phets are without honor in thejr country and so might as well p still. u ” ” TWO ‘WAR PLANTS here, at e top of ihe “critical” list, were ven “gate-hiring” privileges by War manpower commission, nning today. Heretofore, their bor has been channéled through U, 8. employment service. They are P. R. Mallory, making dry cell battery, and B prt Brass. Co, making 105 mm. ell cases. The push is on to t them fully-manned.

8 2 8. [E NAZIS have lost half the 1-making capacity they had be: the invasion.

Part, “estithated at 20 due to bombing. B p. Joss ‘was in satellite mills and paepostts An

Sait,

occupied Italy; ce, Belgium, Luxembourg, the

~and Hungary Che “Nazis can produce about 36 Ilion tons a year now, against million in their heyday.

DDDS AND ENDS: Westinghouse| ““g

developed a jet propulsion gine. ,., . Arden LeFevre, who erly managed Stewart-Warner’s

nt here, has been promoted to

president and director of gineering for its Alemite, instrunts and radio products. . . . Lastute - Christmas shopping “boosted d anapolis department store sales » over a year ago, in the week ding. Dec. 23. . . . Powerful DDT kt $160 a pound when it ‘was shed by plane to kill #yphus after pallies began freeing Italy; now it | ts 60c, due to increased produc-! n. Quintin G. Noblitt of} bblitt-Sparks Industries of Co-| mbus, Ind. s3ld 650 shares of bblitt-Sparks stock in November,

ducing his holdings to 18,100, the}

PC report on trading by “insiders” ows. . . , And Willlam B. Stokely ve 225 share of Stokely Van mp common stock to the East mnessee Baptist hospital. seph D. Oliver Jr. of the South nd plow family "holds 1200 shares Oliver Corp. .the firm resulting D the merger of Oliver Farm huipment Co. and the Cleveland actor Co., four trust’ funds set up James Oliver hold 40,852 shares.

TATE FARM CENSUS WILL START JAN. 8:

A census of farm livestock and pduction in the state will be ken beginning Jan. 8. All agricultural agencies will coberate in the census which will e about four weeks to complete. Norman Edwards, Paoli, will have harge 6f the job. It will include formation on the number of all ses of livestock and poultry, ber of acres in various crops hd other data of value to farmers, was said. -

INSURANCE "on Jewelry

: your Joweey, Wekdhes

inst “AN Risks” of loss

. or damage. : : A “Gesia Dealers Macual “All ; Risks™ « policy covers holdups - dheft; burglary loss of stone om moti, brsskage $04

ediu “most of | ca

.|Agents Pin Corp pfd

pounds pounds ...cesqevver

pounds Slaughter Pigs Medium to Choice 90- 120 ui ol

CATTLE (3300)

Cl.oice— 700- 90, pounas 900-1100 pounds ..: 1100-1300 pounds 300+ d

-500~ po or 1100- 1300 pounds .. 1300-1500 pounds Medium — 700-1100 pounds ..se..es 1100-1300 pounds .... Coinmon— 700-1100 pounds .

Heifers

+ 11.28@ 14.

Cholce— rs 600- 800 pounds ....... aires. 800-1000 pounds .....:.

' 600~ 800 pounds caer ¢ 3001 1100 po viswenasenes 13

edium— Medi . - 900 pounds

Cows (all weights)

Bulls (2h welchis) Baer .

CALVES (700) Vealers (all weights) “ood and choice: Common and medium

Feeder and Stocker Cattle and Calves Steers

Choice 500- 800 800-1050 Good 500- 800 800-1000: Medium — 500-1000 Common— 500- 900 pounds Calves (steers) “Good and Choice 500 pounds down . Medium— 500 pounds down Calves (heifers) Good and Choice 500 pounds down .. . Medium-— rE 500° pounds down . SHEEP AND LAMBS {1100 Ewes shorn)

pounds ....eovees.. 11.50¢ pounds ...ceseseaes 11.78

pounds ....... pounds ..

LX seesvse

pounds ....

Good and choice Common and medium

Good and’ shoice | Medium and good

11.25@14 Common

Verein asan avs 9.00@1

LOCAL ISSUES

Nominal quotations furnished Dy. anapolis securities dealers.

STOCKS Agents Fin Corp com

Ayreshire Coil com Belt ‘R Stk Yds com . Bobbs-Merrill com Belt R Stk Yds pfd Bobbs-Merrill 4% pd 68 Central Soya com ivy v4 Ve Circle Theater’ cam =. . 52 Comwlith Loan 5% pid . Delta Elec com . eckronte Lab com

I p Ind & Mich E pid ... Indpls P & L pid ... Indpis P & L com '.. Indpls Ralways com Indpls Wate: Indp!« Water eff Nat Life co

P R Mallory 4%% P R Mallory com *N Ind Pub Serv id Pub Serv Ind 5% ...... Pub- Serv ‘of Ind com. Progress Laundry com 58 Crear & Tool com . Ind G & B 48% Stokely Bros pr pt vias United Tel Co 5% *Union Title com

BONDS

Algers Wins'w RR 42% American Loan » 51 American Loan

Citizens Ind Tel 4s 61 - 0

| Consol Pin 5, :| Ind Asso Tel oo 0 3s 0 .

Indp'r P&L 3

Ko okomp Water Wis 5s 587. Kuhner Packin

+100 Bienmond Water Wis § Bs 87.. Trac Term Corp 5s 67 0 A Machine & Corp bs 53

EVANSVILLE RENT DIRECTOR CHANGED

Wallace C. Eblen has been appointed area rent director-attorney

for OPA in the Evansville and

| Henderson-Owensboro rental areas.

His appointment was anfiounced| today by C. R. Gutermuth; Indiana district OPA rent executive, ‘He replaces Forrest ‘Condit, who resigned to resume: the practice. of law. :

WAGON WHEAY

[email protected] [email protected]

. [email protected]

« [email protected]

Lnrvitins 235011.28

1 38@1e80 [email protected]| 1, 0 “justification for any general reores [email protected] 325@18.

Good (all weights) ......... 13.00913.00

15 RAILWAYS -ASK FOR

12.7% 13.00

. [email protected] . 10 28@i1; 5

[email protected] 1.500 8.7

. 11350133 .00011.35

10 50@ 12.76 50@10 50

5 s0@ 3

ee: Morgan & Co,,

| Anti-Trust Act

Germany is defeated. There should also be ‘a cut in the compulsory savings provision in the excess] profits tax law. 3. Increasing from the present

$10,000 to $25,000 the specific ex-

said, “In some cases seizure is not |

sions of the WLB. ..It impo$es on the government onerous pois of) bilities of funning private business.”

"Other Methods Wanted

emption for excess profits fax purEr ~

poses. , Byrnes saw no justification for complete elimination of excess! profits taxes while the war ‘against Ja was in progress butfelt-that creasing the exemption would |help industry, especially small business, reconvert and. ‘encourage establishment of new enterprises. ‘Byrnes cautioned that there was

vision of taxes so long as any battlefront continued active, And even after the war, he said, govern-' ment expenditures will be higher than in prewar years because of veterans’ benefits, hospitalization costs, and the interest on the nas tional debt which alone will exceed total internal revenue receipts in 1937.

DISMISSAL OF SUIT

Counsel for the Western Association of Railway Executives filed motions in U. 8. district court here today to dismiss an anti-trust suit charg- | ing 47 railroads and 90 railroad and, banking officials with conspiracy - to |

tion throughout the western United! States. The motion challenged the validity of the Justice department's suit, filed here iif ‘August, on the grounds {that a congressional law, passed | June 11, 1942, specifically suspended from anti-trust persecution those in- | jdustries “wholeheartedly engaged

14 S03 15. 2|in concerted and co-operative acHH

tiviti€s ‘ requisite to ‘winning the war,” The government complaint .{charged the association and its officials, 47 Western railroads and their chief executives, the Associa~ .{tion of American Railroads, J. P. Inc, Kuhn, Loeb *|l& Co. ‘and 31 other individuals with = violations of the “Sherman in combining to maintain’ non-competitive rates and suppress development of other forms - {of transportation throughout the i| West.

il Atrplane Part Given New Life

PITTSBURGH, Jan. 2 (U. P). —The life of an airplane turbo superchargers, “¥ital. to stratosphere flying, has been increased by more than five times through a new production method perfécted. early in the war-program by Allegheny Ludlow Steel Corp., the company announced today. - The nozzle diaphram. of the supercharger is now cast in a single unit, the company said, eliminating the former method of fabricating and assembling numerous parts, and substantially reducing production costs. After it assisted other manu“facturers to begin production of ‘| - the casting, the ¢dmpany Teported, “erp one stage of the air¢raft pro- ‘| duction it: was possible to. boost «| production’ of this item to as .| many -as- 6000 units monthly, a substantial portion of the aircraft industry's monthly requirements.”

HIGH OCTANE GAS, OIL PRODUCED FOR LESS

NEW YORK, Jan. 2 (U. P)~— Production of high octane. gasoline

LINCOLN, Neb., Jan. 2 (U. P.).— ance with WLB orders.

restrain and monopolizé transporta- |.

YT recommend,” he continued, [“that congress should provide in ad-' {dition to seizure other means of en- | forcement. The WLB should have | the-right,-whenever-it-—considers-it necessary in the public interest, to make its decisions mandatory and legally enforceable in the courts without resort to seizure.” Byrnes noted an “inadequacy” to {the process of seizure because “in some: cases where men are on strike the only sanction is to-take over the business of the employer.” =~ He did not say what kind of law he favored, but it: could provide either fines, imprisonment or both for employers such as Sewell Avery, head of Montgomery Ward & Co. ‘and union leaders such as President James C. Petrillo of the American Federation of Musicians, both of ‘whom refused to obey WLB directives.

the best way of enforcing the deci? |

1ST PAY CHECK |

SIZE TO CHANGE

| been notified by the army- that the {batteries are on the “must” list. As ithe war goes into close “in-fighting" stages where infantrymeii play an increasingly important part, the a for small types of high voltage, | 1ight- weight batteries is increasing

: by leaps and bounds,

New’ Schedule De Designed to,

Make Pay-As You-Go More Exact.

WASHINGTON, Jan. 2. (U.P.).— Happy New Year and things like

« The batteries being produced here were originally developed by Mallory |engineers for the U. S. army signal

cell battery that will withstand extreme climatic conditions. The

company’s main plant at Washing-

{corps to answer the need for a dry recovery —value.

units are being produced in a new modern - factory adjacent to the

it was not until July 21, 1921—two | and a half years after the armistice | —that an office of chief co-ordina-tor of sales was established.

Mistakes Were Made

As early as October, 1919, “armynavy” stores were opened In 24 cities to dispose of supplies which were in danger of rapid depreciation as well as commodities of high These generally were sold at 20 per cent under the market prices. Private dealers put up such a howl, however, that the government closed the stores in June, 1920, after selling nearly $40,- |

in the five years between January, 1919, and April, 1924, goods which {had cost $4,100,000,000 were sold for $1,500,000,000." Foe ; And even after all thet-time, the government still had about $100,000,000 of surplus materials left. Tomorrow: A. Better Start. _

CHESTER ELECTED

Alden P. Chester, president of the Globe American Corp., Kokomo, was elected vice president and a member of the board of trustees of the Institute of Cooking and Heating Appliance Manufacturers at its 12th» annual. meeting in Oineinnag ;

Ward-Petrillo Arouse Criticism

In the Ward case the government has twice ordered : seizure of*company properties-to compel compliIn the { Petrillo case President- Roosevelt | himself admitted he had no power (to enforce the board's order directing Petrillo to lift his ban on recordings because the union's holdout was “not unduly impeding: the war effort.” : Both cases .have aroused wide‘spread criticism of the government for -different reasons. The Ward seizures called forth the objection {that the government. was treading | illegally on the preserves of private business, and that it was not war- | ranted since Ward's mail order | business was alleged to be a nonwar industry,

In the Petrillo case the objection was "that the board, by failing to enforce its order, was showing its essential weakness and at the same time. discriminating against ‘employers and other unions which had been compelled to obey WLB orders. One reason for failure to enforce. the Petrillo order was admittedly that there was no legal way to do 50. . Large numbers of musicians could not. be compelled. to. play music for recordings if they didnt want to, while seizure of the recording gompanies would have been equally *futile—and unfair to the companies which, in the eyes of the WLB, were not at fault.

CAPITAL INCREASES FOR CORPORATIONS

PHILADELPHIA, Dec. 30 (U. P.), Net working capital of 1,271 American. corporations increaséd by $6,374,000,000 in the four and éne-half | years ended June 30 this year, the | securities and exchange commission {revealed today. »

ones during the period, placed net working capital June 30 at $17.449,000,000 compared’, with $11,075,000,000 atthe close of 1939,

vey were manufacturing, railroad, utility, - trade and financial firms which are registered with the SEC. Of the 33 groups of corporations reviewed, “Ofty one, financial companies, showed a“drop in working capital. The decline reflected a Sminishing activity of commercial and personal finance com-

consumer Percentagewise, railroads showed

with the rise totaling 31 per cent during the period. |

and high octane Diesel oil from ™>

natural gas for about 5 cents a under-e: new

-is possible process announced today by the Mw. Co. petioleu and chemical ers. x The new Fischer-Tropsch it_was said, overcomes the problems of heat, dissipation. and accurate

rath temperature control.

The Scent cost is based ap|oih

3| natural gas at 5 cents:a thousand

U.S. TATEMENT ARR jan 3 2) zOovern: | t [Boi ¥ year the gh Dec Toctipss for Rh oy current. This Yeor ; Ng, “ies i Recei, : , fn SHEE SRE Working Bal. nT i le. Debt 233 a Gold Reserve alien at; oT 300 304 —

Last

The SEC, reporting’ that smaller|2 corporations fared better than larger|’

Covered In ‘the commission's sur- Re

oo as a result of a scarcity of No

the largest increase in net working!om capital among the major groups, |!

Eat

that, but don’t forget that the first month of the new year will be an |. important one as far as income taxes are concerned. Your first pay check of 1945 will | show the effect of the new tax withholding rates which become efTective today. Designed to bring withholding closer to a pay-as-you-go basis and close any year-end gaps, the new schedules will mean more money deducted from many checks | and less from others. ‘The treasury doesn't expect any great change In its tax receipts as result of the new system, but it: will mean a change for many indi-| viduals. What the new schedules will try to do is to mitike the amount withheld during the year approximaté more closely the amount actually due the government, thereby lessening the need for year- end payments by individuals — and refunds by the government.

$500 Exemption Now

The -new-- schedules will--mean higher taxes for marriéd couples

without children. Husband and wife each will now be entitled to° a $500 exemption, whereas the old law | allowed a .couple an exemption of $1200. : For couples with children, thére | will be a saving because the new schedules grant a $500 exemption for-each child as compared to $350 previously. Here are some other important tax deadlines: Jan. 15—For filing of amended estimates on 1944 income taxes. Jan. 31—For employers to give workérs receipts of the amount withheld from their checks during 1944, March. 15—For final 1944 income tax. returns, paid in full. . Also due} on this date are first estimates for 1945 taxes and final payments on unforgiven 1942 or 1943 taxes. The amount of “unforgiven” indebtedness, if any, will be shown by bill to be mailed about Feb. 15.

N. Y. Stocks.

Net Last Change. + 5» + Ya Ya

+ Low

Allis-Chal Am Can Am Sy ‘m Am Am T Am Am

Hl 1+1 TEFSTE

Armour & Co.. Atchison Atl Refining ..

1+1 Se

ton and Gray sts.

000,000 worth of _§o0ds. | recently, -

Retro! TO YOU AND

THE POLICYHOLDERS oF STANDARD LIFE

OF INDIANA FOR THE YEAR 19

FROM SCRATCH 10

132,500,000% k

IN 9 YEARS

Standard Life is the only strictly ordinary life

insurance company tree and independent of A “any other organization—founded in the 20th century, that has reached by its ninth year over $30,000,000 of insurance in force, all of which was written by its own agents. In 1945 we're

off to greater achievements. ~ Bay UV. Wade

The Standard Life Insurance Com. pany operates under the rigid In. diana Compulsory Deposit Law which provides that reserves back _ of policies be deposited with the State of Indiana.

|lasurance in Force | Year

yi 232,582,891

INCREASE

$16,147,718 rm

61%

INCREASE

$10,261,000

935 ‘3% 'Y ‘38 '39 'A0 ‘Ml 'A2 AS

“Hh

Bo ’ Caterpillar T .. Ches & Ohio .. Childs Curtiss-Wr .... Douglas Aire ..

*RrErEsy

I4+14+1+1:

I++ + 2x

Goodye Greyhound ¢ ep. you Int Harvester Johns-Ma

= Pe

t -— # § |]

Assets

Bonds—amortized cost

Total Admitted Assets

First mortgage real estate loans...

_Deducting ‘agents’ creat balance aa

§ 586,600.57

Preferred stocks (market value)....

17,782.93

|. 9477.93

.:$.2,273,953.67

~ FINANCIAL STATEMENT—DECEMBER 31, 1944

Liabilities Legal reserves for policyholders. .

Reserve for policy dividends and - matured . endowment Insurance Re for taxes . . Premiums paid in advance . Supplementary contracts and ‘mis.

Total liabilities . ‘ o Additional Funds for "protection of policyholders. Surplus. | Ouitingenty f Tastuation In| investments ...

Cora Te “

s Aplaei Policy claims—proof not complete we

rR IY SA ee ae

sn Bnd eb bien

17,287.87

EEE NE REE ARAN AE al EFETTEESE Brey

+i+1

CC REREEREE

OF INDIANA

: St LIFE iNsuRAN x co.

GUARANTY sUILDING . NDiANAPOLIS, INDIANA A aah uses, hives of dhe Beat Bats ¥-'% 0

vo Dek. Smith, Jobn H.

and Edward A.

FE pn