Evening star. [volume], December 12, 1930, Page A-12, Image 12

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
A-12
INSURANCE ASSETS
INCREASE IN 1930
}*
Mead of Concern Predicts Ad
dition of $1,418,000,000
Despite Depression.
8r the Associated Press.
NEW YORK. December 12.—Addi
tion of $1,418,000,000 to the assets of
life insurance companies in the United
States this year, despite the business
depression, was forecast today by Wal
ton L. Crocker, president of the John
Hancock Mutual Life Insurance Co. of
Boston, before the Association of Life
Insurance Presidents.
This sum, he said, will bring total
investments of the companies to $lB,-
900.000,000 at the end of the year.
“The assets at the end of this year,”
he declared, “will be double those held
•even years ago and will be equal to
more than three times the assets held
at the end of 1917.”
The figures he presented were com
piled in a survey of 52 companies
representing 91.8 per cent of the total
assets of all United States legal re
•erve life insurance companies.
Real estate mortgages, representing
the leading investment medium of life
Insurance companies, comprise 40.3 per
cent of their total assets, J* said, ag
gregating $6,994,000,000. Bonds and
stocks, with a total of $6,531,000,000, or
37.6 per cent, are second in investment
Importance.
“The whole exhibit,” Crocker sum
med up, “is an assurance, were any
heeded, that the funds of the life in
surance companies are stable to the
highest degree." '
RECOUNT SOUGHT
WITH CONGRESS AID
Oklahoman Defeated by Democrat
in First District, Wires Sep- j
resentative O’Connor. j
Wt the Associated Press.
MIAMI, Okla., December 12.—0. P. !
Mason, Miami attorney, said yesterday I
he had telegraphed Representative ;
Charles O'Connor. Republican, in '
• Washington, advisihg him to seek in j
Congress a recount of last November’s .
election, in which he was defeated in
the first Oklahoma district by Wesley
Disney, Democrat.
Mason, who was interested in the
sheriff's race recount in Ottawa County,
£ch resulted in reversing results and
wing the Republican candidate to
be the leader, said O’Connor would gain
enough votes in the county to overcome
Disney's lead in the district if a recount
were made.
Official returns of the State election
board gave Disney a lead of 360 in the
district and 467 in Ottawa County.
The time for filing a contest in the
State has expired.
SWEDISH SHIP SAVES
SINKING VESSEL’S CREW
Schooner Amy G. McKean Beached
lust in Time 800 Miles
From Queenstown.
By the Associated Press.
LONDON, December 12.—A message
to Lloyds last night reported that the
Swedish steamer Strassa had rescued
the crew of the schooner Amy G. Mc-
Kean, bound from Swansea for Halifax,
as the latter vessel was foundering in
the Atlantic 800 miles from Queenstown.
The disabled schooner was set afire
after the crew had been taken off to
prevent her becoming a menance to |
navigation. The message did not disclose
the cause of the trouble or the number
rescued.
BOOTLEGGING IN TURKEY
IS APPLIED TO RADIOS
Thousand Culprits Caught in Year
Charged With Clandestinely Ap
propriating Government Monopoly.
By the Associated Press
ISTANBUL, Turkey, December 12.
In Turkey it’s radio that's bootlegged.
A thousand culprits have been caught
In the last year.
Radio is a monopoly of the govern
ment, and the clandestine listener-in
who neglects to pay the required tax,
or who buys his set from somebody
other than the monopoly, is subject to
» heavy fine.
BANDIT SLAYS GROCER
Store Manager Had Refused to
Turn Over Day’s Receipts.
NEW YORK, December 12
fusal to turn over the day’s receipts to
„ a hold-up man cost Michael McLaugh
' lin, 32. manager of a chain grocery
store, his life last night. A bullet
penetrated McLaughlin’s head and he
died soon after being taken to a hos
pital. The slayer escaped.
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WASHINGTON. DC.’
NATIOSIAC 76d&
L
MERRIE ENGLAND IMPORTS U. S.
IDEA AND CALLS IT 'MOBILE POLICE’
V- * f " v
Job of New Force Is to Get Order and Decent Conduct
on King’s Highways.
....-1.. .
By the Associated Press. *
LONDON, December 12. —England is
importing an American institution and
doesn’t quite know fohat to call it.
New road rules, in force January 1,
will bring 1,000 police on motor cycles
and in cars, besides an additional force
for London alone.
In America, of course, they are speed
cops; but over here the slang is quoted
and the newspapers have compromised
by referring to the proposed force as
“molglle police.”
Said Herbert Morrison, the minister
of transport, in a statement reassuring
English motorists:
“I have never been in America and
I cannot speak with any authority as to
the practices of what are known • as
‘speed cops’ in America, but I have no
wish that our police should act in a
vindictive or bullying spirit.
“The job of the mobile police is to
aim at getting order, considerateness
and decent conduct on the King’s high
ways.
“There will be cases where the police
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THE EVENING STAR, WASHINGTON, C„ FRIDAY, DECEMBER 12, 1930.
must be stern and prosecute with all
the vigor of the law. There are other
cases where the note of warning and
encouragement will be more appro
priate.”
It is thus the speed cop comes to
Merrie England. And it is all a bit
alarming to some of ,the older school.
DE PALMA ANSWERS SUIT
Racer Denies He Forced Wife to
Seek Divorce.
LOS ANGELES, December 12 (JP).
Ralph De Palma, famous automobile
racer, yesterday filed an answer to the
divorce suit of Mrs. Clara De Palma
In his answer the racer denied al
legations he forced her to seek a
divorce, and all other allegations re
garding cruelty and Income.
A family of six In Antibes, Prance,
were all bitten by a mad dog and had
to be rushed to Marseille for treatment.
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