Indianapolis Times, Indianapolis, Marion County, 25 February 1947 — Page 5

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TUZIUAY, FEB. 2 1947 _. x

Slayer in Court

MANCHESTER, England, Feb, 28

| (U. P.) Joseph Gibson, 16, & farm

hand; waa charged today with the “Little Red Riding Hood” murder of Sheila Qowrle. 10, last January. Gibson told the. juvenile court that “she started giving cheek and insulting me. I took off my belt

and Sad I was going to hit her. 1 don’t know what came over me. ‘Then I was putting my belt on and she was dead.”

Shella was Jast seen alive on Jan, 20 when her mother sent her

dp ! EEE Ses «if Ql Deal Y ; a a A

Red Riding Hood" |

through the woods with food for her!

TN = i Ve \ 7 : Aw

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grandmother. Her strangled body,| 8

wich one shoes missing, was found In & passage behind the home on Jan, 22,

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RESTAURANT 1606 N. Illinois St.

INJURED—An injured age awaiting removal to a of bleachers at the Purdue last night.

\Judge Bain Orders Grand Jury Panel

(Continued From Page One)

venires for criminal court trials was delayed six weeks ago when Judge ordered all machinery for seof juries stopped due to alfil procedure pointed out petitions filed by Prosecutor L. Ke. charged that jury commissioners were not following law in regard to the placnames in the jury box. Insufficient Names

i :

85 B RF 2 lth;

3°

the box

ay’ Aid

Prosecutor Stark at that time that jury commissioners place in the jury box a t number of names from duplicates to conform with

1881 statute provided that number of names in the jury shall be twice the number of

s Arcti Rockets Help |

C-54 Off Ice In Greenland

Pilot-Hero Tells Story of Exploit

WESTOVER FIELD, Mass., Feb, 26 (VU. P.)~Eleven American airmen,

”

> Acme Telephoto. spectator lies amidst wreckhospital after the collapse “Wisconsin basketball game

The jury box contained less than half the required number. The new law establishes jury selection on a monthly basis, requiring fewer names and eliminating the necessity for personal investigation of each name in the box. Judge Bain also ordered 100 more names drawn Friday for selection of trial juries which have been delayed in criminal court for two months, The first jury trial in criminal court since Jan. 1 is expected to be set within the next two weeks.

Communists Near, Chiang Quits Shantung

ores necessary for the entire year.

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RADIANT HEAT Specially designed louvres permit heat to radiate from the sides and also deflects heat toward the floor.

heat radiation cuts fuel and eliminates cold pockets

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QUIETNESS Blower hum and vibration are eliminated by a patent process. No motor hum or A. C. conductivity noise.

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SHANGHAI, Feb. 28 (U. P).— Generalissimo = Chiang Kal-shek hurriedly left Tsinan, Nationalist capital of Shantung province as powerful communist columns smashed within seven miles of that city, according to pro-government newspapers today. Chiang arrived at Tsinan yesterday for a tour of

KEY SHOP Rear of Stare

marooned only 600 miles from the [North Pole, formed a “human | Funway" to guide the plane to a, | landing on the treacherous Greenliana ioe. |

Lt. Bobbie Joe Cavnar, 22-year-| old pilot-hero of the daring rescue |

THE INDIANAPOLIS TOMES

Arctic Rescue Plar

MYSTERY-—Death of Pando Chipoff is being Investigated.

Find Wan Dead In Mystery Fire

(Continued From Page One)

{own food. i However, a stove near where the ‘body was found contained no fire and there were no signs of any attempt having been made to start

one, ® | Chris Nicoloff, 55, another King: ‘an & Co. employee, living in the

for work about 6 a. m. He saw no fire and heard nothing unusual; he said. There was no fire in his stove, either, police learned. { Mr, Chipoff was employed at |Kingan & Co. from 1910 to 1938.

LIMITED TRAIN DERAILED

operation, told the story here today. |

¥ SEATTLE, Feb. 26 (U. P,) ~The

“1 don’t think T ever could have |the lake the minute the men were Great Northerh rallroad’s westmade it unless those fellows had |all aboard. I ordered to lighten the|bound Oriental Limited was 'de-

lined up on the ice to show me a Plane. possible runway,” the red-cheeked everything except parachutes and Wash., last night,

Oklahoma City flier said. The res- [medical supplies, : “We taxiled up and down for | about 20 minutes to pack the snow | down into & runway as well as we| ; could. Then I rolled right down to Lt. Cavnar plloted the big C-54|,na end of the lake and turned into which landed on the ice to pick up the wind.

“I gave the plane the gun and Thule, Greenland. He finally con-| when” we were rolling about 80

tinued here, landing at 7:53 a. M.|, ac an hour we fired the rockets’

with his cargo of survivors of the that had been installed on the cause forced landing of a B-20 PhOtO|wingg before we left Thule.

cue took place yesterday in northern Greenland,

Holds Son in Arms

the men, then flew them back to

reconnaissance, plane. talked of the rescue, and he smiled met his plane here.

he talked freely about the rescue operation. : Five on One Side, Six on Other

“I sighted the B-20 crew on a frozen lake about 260 miles north of Thule,” Lt. Cavnar said, “and I began circling to look for a good landing strip. “Then the survivors seemed to realize that I was having trouble, and they started spreading out over |the ice, away from the camp they had made to keep warm in the bitter Arctic wind.” Lt. Cavnar said he kept circling, and finally it became apparent that the marooned men were making human landing strip markers for him. Five lined one side of the suggested landing area, six the other. They stood about 300 yards apart, outlining a strip about 2500 feet long, and waved to him to land between them, he said. Lands at High Speed “YI came in over an 800-foot ridge,’ Lt. Cavnar said, “at about [120 miles an hour. That's a little more than usual landing speed, but I wanted to set the plane down lightly for fear it might break through the ice on the lake.” A C-54 weighs about 30 tons. There were two to 10 inches of snow on the ice of the lake, Lt. Cavnar said, but it was fairly | smooth, and not badly drifted in {the area in which the landing was made.

Snow Crusts Holds at First

“The giant four-motored Douglas plane touched down so lightly that it did not even break through the

most to a halt, Lt. Cavnar said. Fearing that the big plane might settle into the ice 30 far that it would become immobile if it remained stationary too long, Lt. Cavnar ordered the men to climb aboard as quickly as possible, he said. “I started taxiing up and down

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snow crust until it had come al-|

“You know the rest. We got into soothe Lt. Oavnar held his 2-year-0ld|¢ne gir okay, and went back to flamed son, Jimmy, in his arms a8 he ry, 10» 1 “ ie. boy's shoulder The 11 survivors of the adventure i requently ove on the Arctic plateau were taken | pe benefited and you to i at his pretty young wife, who al80 gt once in ambulances to the field | § action in Allaying the harhospital to determine whether they The young pilot had had only |La4q suffered from exposure during five hours sleep since Friday. Bulli}. three days they spent on the ice after their plane was forced down Friday.

1 had my crew dump out/railed nine miles east of Spokane,

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Reh AL ee wl ou fas i your draggin a sll

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INDIANAPOLIS BRANCH: Orman E, F

NEW SORE | INStTRANCE COREA

~~. A Brief Review of the + 102nd Annual Statement to its Policyholders

Payments to Policyholders and Beneficiaries aggregated $189;794,091 in 1946. Of this amount, livi [olicype ders received $110,293,027 and the beneficiaries of 9,782 policyholders who died received $79,501,064. re

Life Insurance in Force at the end of 1946; under 3,561,355 policies; totalled $8,543,308,415, the largest amount in the Company’s history. The gain in insurance in force last year, amounting to $564,115,313, was greater than in any previous year.

Sales of New Life Insurance during 1946 totalled $832,484,000. The increase over the previous year was $268,303,900, or 47.5 per cent.

protection of the ts life annuity contracts and fo 4 Company iga020,609,280 at the end of 1946. ® y's reserves and other lia. bilities by $231,038,632, which amount constitutes the Company’s Surplus Funds held for general contingencies.

Holdings of Bonds at the close 1946 ted $3,317,261,757, or 82 per cent of to bonds; United States Government obligations comprised 61

Increased Corporate Investments in 1946 reflected the growing demand for funds by private industry. the second half of the year, the Company's clin, investments in corporate securities increased $118,521,671.

Holdings of First Mortgages on Real Estate were Holdings ue) a ae

,000, ing $107,16 pay made SS ting $107,164.20. $46,785, 930. these, veterans

1,721 were m

jo $12,009,089, At the of 1947; the a ad mortgage loan engagemenits in excess of $4 which it expects to consummate during the current yess.

ment of the Company’s funds. Two developments were Started in 1946: Sanworth 8 Princeton, New , with apa ts, and Fres ows, at Queens, New York, with about 3,000 apartments and also

and other facilities for a community of some 10,000 people.

see Reserves agamst the : ke tions were furtherstrengthened attheend of 1946. Allofthese reserves are now computed on an interest basis of 24 per cent

of the Companys policyholders in view of the continued low yields from the highest quality of investments.

LE The Provision for 1947 Dividends is $41,730,229 as compared with $38,895,341 for 1946. The New York Life is a mutual company paying to policyholders only:

sen

the

To Serve Policyholders mantang 126 Branch Office in peiscipl ies

a sales United

STATEMENT OF CONDITION December 31, 1946

ASSETS Cash on hand or in Danks. .. .a as ws oe ws ov on on on ve $ 38,342,771 Bonds: United States Government ObligaLOMB. . vue « + we vies i bese 0 45 no abl $2,476,858,362 Canadian. . wo w= w= wo w= wow 82,786,048 Municipal . . o's om we oe oo on om om 33,488,208 \ 3 317,261,757 Railroad... « es ws we oo oe oe om oo 206,425,039 Public UtILLY . « « cu on on ov on 4 00 on 358,932,660 Industrial and Miscellaneous. . w « 189,821,440 Stocks, preferred and guaranteed «Wn ehe 03% sie ate Whe 4%e 4 w 97,414,289 Real Estate: Properties for Company use....... $10,948,406 losed Properties, including FO§S62.267 under Contract of Sale. 6,866,002 { 22844741 Rental Housing and Business Properties. . . wu. we we we vee se momo 5,030,253 Polley Loans. . .. cm « us ce i vi co vi0 00 wth 08 oie soe aie one bow 156,634,001 Interest and Rents due and accrued TL LL 22,133,885 Deferred ard uncollected Premiums (net)....oomwe * 34,576,950 Other Assets... we ws wo wn wn wn wn ws = on wo 0 0 00 1.708.434 $4,026,689,280

Securities listed In the above statement, Securities valued at 9637s are deposited with Governments and States as bylaw.

The Company started business on April 12, 1045. It has always bem museal and is The Statement of Condition shown above is in accordance swith the Annual Statement

A more complete report will gladly be sent upon request. In addition to further ox sei during His discusses a number of recent interest to policyholders. | These include the Company's field, the welcome return of hundreds of veterans to the rising trend of fatal automobile accidents, and a few examples life insurance serves by writing to the New York Life Insurance Company, 51 Madison

Company's be of during the past year showing how

wie

LIABILITIES

Reserve for Insurance and Annuity Contracts:

Computed at 294% interest. . ....$3,212,512.914 Computed at 24% interest... w « 386,544,029 Computed at 2% interest. , w= = 558,208,639 Reserve for future payments under Supplementary

CEN BE TCE NERS ERAN ee ee

Reserve for Dividends left with the Company... .. Provision for 1947 Dividends to policyholders. . , « Reserve for Premiums paid ih 8vance. .q v. ws we = Policy Claims in course of settlement and provision for claims not reported......c...u0 Reserve for other Insurance Liabilities .' w ws ws ws as Provision for TRIES. . au m= ie ncn sith on mest aan oR Miscellaneous Liabilities. ..... wo we wn on wn av on on hig !

TOTAL LIABILITIES. ... m cms mm $8

wnder the lows of the State

3 yy

The compounding of prescriptions Is our is i

1946 the Com-

the Company

were 2 26,980 mortgage loans on residences for amounts of less than cake to

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