Indiana daily times. [volume], April 05, 1922, Home Edition, Page 5, Image 5

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
APRIL 5, 1922.
PRESIDENT IS
FACING SPLIT
WITHIN PARTY
Tariff, Army and Navy and
Bonus Are Still Elements
of Discord.
CONGRESS BELLIGERENT
BY RICHARD LINTHICCM.
WASHINGTON, April 5. New
elements of discord and division over
legislation continue to arise involving
President Harding with the Republican
majority in Congress. The difference
between the executive and the agricul
tural bloc which already exist amount to
a split which can only be brought to
gether again by the President yielding to
the bloc in future legislation.
So far, either by surrender or by com
promise the President has averted an ab-
Why a One-Year
Guarantee?
We are giving a written One- Year
Guarantee on the Gardner Car
because its record through the
actual driving experience of many
thousands of owners warrants this
unusual confidence on the part of
the makers.
THE GARDNER MOTOR GO., INC.
ST. LOUIS. U. S. A.
GARDNER
Gardner Division
LEXINGTON MOTOR SALES
Distributors
1142 MERIDIAN ST., NORTH
Indianapolis, Ind.
Statement of Condition
OF THE
Peoria Life
Insurance
Company
PEORIA, ILL.
11l Peoria Life Buildiug.
OX THE
31st Day of December, 1921
EMMETT C. MAT, President.
G. B. PATTISOX, Secretary.
Amount of capital paid up....$ 200,000.00
NET ASSETS OF COMPANY.
Cash In banks (on interest
and not on interest - * $ 113.707.10
Real estate unincumbered '2.437,172.31
Mortgage loans on real estate
(free from any prior incum
brance) 1,362,143.00
Accrued securities (interest
and rents, etc.) 41.331.06
Policy loans 627,343.71
Premium notes 302,040.20
Cash in bailing office 1,650.00
Premiums and accounts due
and In process of collection 156.32P.72
Accounts otherwise secured .. 23.576.36
Total net assets $5,056.6C9.63
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $-4,406.203.29
Losses adjusted and rot due. 41.000.i10
Losses unadjusted and in sus
pense MMB
Bills and accounts unpaid 5.330.32
Other liabilities of the com
pany - 291.54 i.12
Total liabilities 1 $4,836,140.41
Capital 200,000.00
.Surplus 50..29.24
Total .. .... $0,0^6,0*0.65
State of Indiana, Office of Commissioner
of Insurance.
I the undersigned, Commissioner of In
surance of Indiana, hereby ’’ertify that
the aboTe is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of le
--rember. 1921. as shown by the original
statement, and that the said original
■tatement is now on file in this office
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL) official seal, this Ist day of
April. 1922.
T. S. McMTRRAY. JR..
Commissioner.
solute break, but it is not too much to
say that the relations between the White
House and the Republican majority in
Congress are badly strained at this
writing and threaten to grovr worse.
One element of discord is the evident
determination of the Republican majority
to make heavy cuts in the Army and
Navy, which is opposed both by Sec
retary Weeks and President Harding.
The “little army” men so-called want an
Army of 115,000 and the “little Navy”
men so-called insist upon a cut in that
branch of the service to 65,000. These,
the President and his Secretary of War
and Secretary of Navy regard as danger
ous to the future defense of the country.
They take the position that because of
the treaties resulting from the Disarm
ament Conference there is no good reason
to render either the Army or the Navy
inefficient. \
On the other hand, the advocates of
the minimum forces referred to hold
that the purpose of the disarament con
ference was to reduce expenses through
disarment agreements, and that If these
agreements actually Insure peace, as
claimed, then there is no logical rea
son for continuing the Army and Navy
forces at the higher figures advocated
by the Administration officials.
The provision in the Army bill by
which Congress undertook to dictate to
Statement of Condition
OF THE
Philadelphia
Life Insurance
Company
PHILADELPHIA. I'A.
11l North Broad St.
ON THE
31st Day of December, 1921
CLIFTON MALONEY, President.
F. G. COMBES, Secretary.
Amount of capital paid up...s 560,320.00
NET ASSETS OF COMPANY.
Cash in banks (on interest and
not on interest) $ 518.652.00
Real estate unincumbered .... 303,803.68
Bonds and stocks owned
i market value) 2,885,371.91
Mortgage loans on real es
tate (free from any prior in
cumbrance 2,571,850.00
Accrued securities (interest
and rents, etc.) 140,621.00
Other securities 1,533,211.47
Due from other companies for
reinsurance premiums 5,412.29
Special deposit. Ins. dept, of
Alabama 500.00
Due from other companies on
this company’s claims reins. 4,139.00
Premiums and accounts due
and in process of collection. 142,707.01
Total net assets .$8,136,268.39
LIABILITIES.
Amount due and not due
banks or other creditors....? 93,250.62
Reserve or amount necessary
to reinsure outstanding
risks 7.017,773.27
Losses adjusted and not due. 4,623.77
Losses unadjusted and in
suspense 94,036.40
Other liabilities of the com
pany 251,500.00
Total liabilities $7,461,193.06
Capital 560,320.00
Surplus 134,755.33
Total $8,156,268.39
Greatest amount in any one
.risk $ 100,000.00
Life companies—Maximum
risk written 100,000.00
Amount retained by company. 20,000.00
state of Indiana, Office of Commissioner
of Insurance.
I, the undersigned. Commissioner of In
surance of Indiana, hereby eerttfy that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember. 1921. as shown by the original
statement, and that the "said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April, 1922.
T. S. McMURRAY. JR.,
Commissioner.
the executive with respect to the dis
tribution of troops also nettled the
President and his Secretaries of War and
Navy, and although this provision was
afterward stricken out, it was done so
with the alleged understanding that the
President would recognize the authority
of Congress to limit foreign garrisons
without any specific declaration to that
effect. This alleged understanding is
indignantly denied and repudiated by
Secretary Weeks, who also voices the
view of the President in this matter.
With the President and his Secretary of
War and the Secretary of Navy standing
out for a relatively large force and the
Republican majority in Congress stand
ing out for a relatively small force, one
or the other must give way if a crash is
to be avoided, and the Congress appar
ently is in no mood to yield.
Another element of discord was the
passage of the “bonus” bill by the
House in its present form against the
well-known wishes of the President, who,
if he favored any “bonus” bill at this
time, only favored one with a sales tax
provision for payment. It was inti
mated by the President’s advisers, who
shared with him a recent delightful va-
■—' il— .... 'll ■ "I'.'.gJlßlll —'LLl——i-iliil!! 1 ,"". 111 l" l l 1111
Easter Is No Time
To Be Dry Cleaned!
V
9 HIS is a season when wives buy
new hats, and young couples lease
flats, while husbands pay sadly the
bills they promised to pay gladly
before. It’s time to press love suits,
but no time to press clothes. You
need anew lightweight topcoat, in
one of our specially selected soft-sur
face weaves. You need a suit of hair
line, homespun, or herringbone, ora
novelty fabric with aflash of color. You
need quality in the woolens and the
workmanship and honor in the service
and the price. And these things we
can give you, plus one other—the
satisfaction of being correct instead
of corrected!
Kuppcnhcimer Clothes — $40 — $45 —$50
Schloss Pros Cos
STATE LIFE BUILDING
Washington — Between Pennsylvania and Meridian
Statement of Condition
OF
The Reliable
Fire
Insurance
Company
DAYTON, OHIO.
44-46 South Jefferson Street.
ON THE
31st Day of December, 1921
WILLIAM F. OELMAN, President.
WILLIAM F. KRAMER, Secretary.
Amount of Capital paid up..s 230,000.00
NET ASSETS OF COMPANY
Cash in banks (on interest
and not on interest) $ 7,225.88
Real estate uuincumbered.. 76,000.00
Bonds and stocks owned
(market value) 1,045,392.00
Accrued securities (interest
and rents, etc.) 5.771.47
Premiums and accounts due
and in process of collection 30,025.41
Total net assets $1,167,414.76
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $ 241,830.25
Losses adjusted and not due 6,692.00
Losses unadjusted and in
suspense 10,063.25
Other liabilities of the com
pany ; 5,000.00
Total liabilities $ 264,207.50
Capital •. 250,000.00
Surplus 653,207.26
Total $1,167,414.76
Greatest amount in any one
risk $ 12,500.00
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned. Commissioner of In
surance of Indiana, hereby certify that
the above Is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921, as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April. 1922.
T. S. McMCRRAY. JR..
Commissioner.
INDIANA DAILY TIMES.
VIOLET!
LONDON, April s.—The British
government Is having a difficult time
forcing honors upon A. J. Balfour,
former Premier and head of the Brit
ish delegation at the Waslil-.gton con
ference. Although Mr. Balfour con
cented recently lo the acceptance of
an Earldom, official announcement
of which was made through the regu
lar channels, It was learned today he
Is now balking, and Premier Lloyd
George is using friendly pressure to
urge him to adept.
cation in Florida, that ho would veto any
“bonus" bill that did not provide for a
sales tax, and it has teen generally un
derstood that he favored a general post
ponement of “bonus” legislation and
“bonus” discussion.
Tli9 Administration organs are respon
sible for the statement that Mr. Hard
ing has been trusting the Senate to
shelve the bonus bill, but on top of this
comes the reported determination of
Statement of Condition
OF
The
Reinsurance
Liie Company
of America
DES MOINES. lOWA.
Ninth and Walnut Sts.
ON THE
31st Day of December, 1921
H. R. HAWLEY, President.
R. M. MALPAS, Secretary.
Amount of capital paid up ...$ 500,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on interest) . ....$ 227,844.12
Bonds and Stocks owned
(market value) 135,353.01
Mortgage loans on real es
tate (free from any prior
incumbrance) 676,000.00
Accrued securities (interest
and rents, etc.) 26,285.06
War savings stamps 949.40
Premiums and accounts due
in process of collection .... 21,472.75
Total net assets $1,057,904.34
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $ 150,503.61
Losses unadjusted and in sus
pense 23,611.00
Bills and and accounts un
paid 11,874.20
Total liabilities $ 185.088.81
Capital 500.000.00
Surplus 401,915.53
Total $1,087,904.34
Amount retained by com
pany - $ 10,000.00
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, Commissioner of In
surance of Indiana, hereby certify that
the nbove is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921. as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April. 1922.
T. S. McMURRAY, JR.,
Commissioner.
Chairman McCumber of the Senate Fi
nance Committee to rush the bonus bill
through the Senate just as it passed the
House and force the President to veto
it or to surrender his own views to the
Republican Congressional majority. If
the SeWte passes the bill and the Presi
dent vetoes it he will be in an open
fight with Congress, and if he signs it
he puts himself in a position where Con
gress would continue to dominate him
and force his hand on other matters
of legislation.
The Republican opponents of the bonus
bill in the Senate are trying to have
that measure side-tracked for the tariff
bill. If they succeeed they will lay
themselves open to the heckling of Dem
cratic Senators for their lack of courage
to meet the issue promptly and squarely,
and also to the pressure of the friends
of the bill.
The tarff bill itself contains several
forms of political dynamite for the Re
publican majority. Economists the
country over regard the Fordney tariff
bill as it passed the House as an eco
nomic Joke. Importers and the financial
Interests are generally opposed to tne
"American valuation” plan which no-
Statement of Condition
OF
The Preferred
Accident
Insurance
Company
NEW YORK, N. Y.
SO Maiden Lane.
ON THE
31st Day of December, 1921
KIMBALL C. ATWOOD, President.
WILFRID C. POTTER, Secretary.
Amount of capital pnld up...s 700,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on interest) $ 301,460.12
Bonds and stocks owned
(market value) 6,279,282.00
Mortgage loans on real es
tate (free from any prior
incumbrance) 28,500.00
Accrued securities (interest
and rentals, etc.) 68,315.55
Other securities 1,388.51
Premiums aud accounts due
and in process of collection. 831,200.43
Total net assets $7,510,146.61
LIABILITIES.
Rese/ve or amount necessary
to reinsure outstanding
risks $2,470,015.56
Losses due and unpaid 1,639.902.85
Bills aud accounts unpaid 2G9.0.56.83
Other liabilities of the com
pany 1.431.141.37
Total liabilities $5,810,146.61
Capital 700,000.00
Surplus 1,000,000.00
Total $7,510,146.61
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, Commissioner of In
surance of Indiana, hereby certify that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921. as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL) official seal, this Ist day of
April. 1922.
T. S. McMURRAY. JR.,
(Commissioner.
body understands apparently and which
apparently no one will even attempt to
explain.
President Harding has shifted his posi
tion on the tariff many times since he
became a candidate for the presidency.
He was first for a high protective tariff
at once. As President he made it a part
of his legislative program. Later his
views were considered uncertain as to
whether a tariff bill should be passed or
not. and still later he asked Congress to
delegate its constitutional authority to
him to make tariff schedules—an un
heard-of procedure outside of Russia
under the Czars when matters of legis
lation were promulgated by ukases.
If the tariff bill is taken up head of
the bonus bill it means a long-drawn-out
and probably a bitter discussion with the
Fashionable Easter Footwear
Easter isirt very far off, when you stop to think of it, and
you know what a multitude of social events follow right at
its heels, to say nothing of correct footwear for the day it
self, the morning at church, the afternoon promenade.
Slippers, principally, these occasions call for, and a great
variety of styles, satin and patent; ankle and instep strap
designs present a wide and most attractive choice.
11 - - ■
l— —■ -- ■ - *
The “Beau Monde” represents the choice of the discriminatingly
well dressed for evening anu dress wear. Available rtA A A
in either patent leather or satin, at......... ......
OXFORDS FOR STREET WEAR
Oxfords are more voguish than ever for street wear. The season’s
newest creations are submitted for your approval. A A
The pair
rsr
.... Cj Zu .
18 East Washington. St.
Statement of Condition
OF THE
Pittsburgh
Fire Insurance
Company
PITTSBURGH, PA.,
316 Fourth Ave.
ON THE
31st Day of December, 1921
EDSON T. WOOD, President.
H. W. WATKINS, Secretary.
Amount of capital paid up $ 200,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest and
not on interest) $ 82,218.19
Real estate unincumbered .... 9,373.43
Bonds and stocks owned
(market value) 373,651.50
Mortgage loans on real es
tate (free from any prior
incumbrance) 132,450.00
Accrued securities (Interest
and rents, etc.) 5,221.73
Agents’ balances 103.126.65
Total net assets $ 706,041.50
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $ 361,122.15
Losses due and unpaid 51.520.10
Bills and accounts unpaid ... 8,000.00
Total liabilities $ 420,642.25
Capital 200.000.00
Surplus 85,309.25
Total 5 706,041.50
Greatest amount in any one
risk 20,000.00
Greatest amount allowed to be
insured in any one b10ck...? 10,000.00
State of Indiana, Office of Commissioner
of Insurance.
TANARUS, the undersigned, Commissioner of In
surance of Indiana, hereby certify that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921. as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April. 1922.
T. S. McMURRAY. JR..
Commissioner.
further possibility that if the bonus bill
is passed thereafter it may be tied up
in conference until after the next elec
tion.
It is also more or less certain that the
agricultural bloc is going to dictate its
own terms in the tariff bill affecting its
own interests, and it would seem equally
certain that these terms will not please
the manufacturing interests for which
President Harding has always had great
solicitude.
The parting of the ways with President
Harding and Congress may be the Army
and Navy, the bonus or the tariff. Upon
none of these matters is the President
and *he Congress In accord. One of
them must give way. Congress Just now
is in a cocky and belligerent mood so far
as the White House is concerned.
Statement of Condition
OF THE
Provident Liie
and Accident
insurance
Company
CHATTANOOGA, TENN.
725 Broad St-
ON THE
31st Day of December, 1921
ROBT. J. MACLELLAN, President.
W. C. CARTIXHOUR, Secretary.
Am ,unt of capital paid up...s 200,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on interest) $ 44,011.10
Bonds and stocks owned
(market value) 511,171.88
Mortgage loans on real estate
(free from any prior incum
brance) 311,437.32
Accrued securities (Interest
and rents, etc.) 14,310.96
Collateral loans 34,700.00
Premiums and accounts due
and in process of collection 134,041.32
Accounts otherwise secured... 61,127.31
Total net assets $1,110,799.50
LIABILITIES.
Unearned premiums, accident
and health department $ 169,350.33
Reserve or amount necessary
to reinsure outstanding risks 416.312.53
Contingent reserve, accident
and health department 50,000.00
Losses unadjusted and in sus
pense 59,088.68
Bills and accounts unpaid.... 2,100.00
Other liabilities of the com
pany 48,565.52
Total liabilities $ 745,417.36
Capital $ 200,000.00
Surplus 165,382.53
Total $1,110,799.89
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned. Commissioner of In
surance of Indiana, hereby certify that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st uay of De
cember, 1921, as shown by the original
statement, and that the said original
statement Is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL) official seal, this Ist day of
April, 1922.
T. S. McMURRAY, JR .
Commissioner.
Democrats Win All
Kansas City Offices
KANSAS CITY, Mo., April s—Frank
Cromwell, Democratic candidate for
mayor, carried an almost complete Demo
cratic ticket to victory in yesterday's
city elections. Cromwell’s majority over
Matt A. Foster, Republican, was 13,000.
JOLT FOR “SIMPLE LIFE.”
PAINSWICK, England, April s.—Seven
women members of a simple life colony
in the Cotwold Hills were arrested on a
charge of indecent dressing when they
came here to buy supplies. They were
freed when their men folks arrivd with
more clothes.
. Statement of Condition
OF
The Retail
Druggists’
Mutual Fire
Ins. Cos.
CINCINNATI, OHIO
51S Walnut St
ON THE
31st Day of December, 1921
PHILIP LEHR. President
C. L. McINTIRE, Secretary,
Amount of capital paid upMutual
NET ASSETS OF COMPANY
Cash in banks (on interest and
not on interest) $ 77.62
Bonds and stocks owned (mar
ket value) 153,431.45
Accrued securities (interest and
rents, etc.) 1,377.28
Premiums and accounts due and
in process of collection 3,017.94
Cash in office and hands of
special agents 104.85
Total net assets .$158,009.14
LIABILITIES
Reserve or amount necessary to
reinsure outstanding risks....? 42,160.00
Losses due and unpaid 15.25
Taxes estimated 603.42
Premiums paid in adv . 157.23
Total liabilities $ 42,925.90
Surplus , 115,083.24
Total ~..5158,009.14
Greatest amount In any one
risk $ 6,000.00
Greatest amount allowed to be
insured in any one block,
about $ 5,000.00
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned. Commissioner of In
surance of Indiana, hereby certify that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921, as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL) official seal, this Ist day of
April. 1922.
T. S. McMURRAY. JB.,
Commissioner.
5