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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 18, 1933
Page
17
John Hancock Mutual Life Insurance Co of Boston reports 1932 assets at 639,455,691.51, up 18,177,558.43 from 1931. The company disbursed over 105 million during the year, with contingency reserves raised to 13.5 million and the general surplus to 44,070,619.91, totaling an emergency fund of 57,570,619.91.
A wartime leader emphasizes that only collective personal efforts can repair the world’s damage after the conflict. The remark, attributed to Lord Bessborough, underscores individual responsibility in rebuilding society.
President Walton L. Crocker emphasized that life insurers protect over 4.25 million policy holders as 1932 payouts totaled about 3.1 billion dollars across the industry. He called the system a vital resource during hardship, funded by policy holder contributions and secured by reserves.
Rudy Weber, district manager in Cedar Rapids for John Hancock, with four assistants and sixteen agents, emphasizes that savings are invested in core national activities and that policy holders are partners in the country’s greatest and most stable enterprises, safeguarding welfare of current and future beneficiaries.
The distribution committee of the Unemployment Relief fund announced totals through Tuesday: $44,814.81 expended with pledges of $118,462.46. Of expenditures, $41,381.05 paid wages. women received $8,322.35 and men $33,058.70. Remaining $3,533.76 funded medical care, relief, supplies, taxes, and clerical costs. A Feb. 11 report shows 1,689 men and 216 women received work.
The city council approved a $65 payment for installing a fire door to cover an unprotected window above the Memorial Coliseum roof, aiming to better protect the treasurer’s vault from fire and theft.
The Gazette presents a Wonder Package with over 800 patterns suitable for embroidery and wood or metal decorating. Designs fit 18 by 24 inch squares and can be transferred easily, providing a life-time supply across rooms and projects with 27 stitches described. Availability via mail coupon for $1.00 or in person at The Gazette office.
State Auditor C W Storms reports nearly half of Linn county tax funds lacked official audit in 1932. Total taxes raised reached 3 651 135 18 dollars with 44.1 percent spent by school districts not audited unless taxpayers request, prompting Storms to push a bill to centralize auditing in a state department.
City council approves deed transferring west twenty feet of B Avenue from Twenty seventh Street to the Milwaukee tracks to the board of education for Arthur school playground. Final reading passed after Louis J. Zika presentation. Joe Moore of near Brighton is held on bootlegging and related charges for vandalizing Sheriff McCarty’s car during a raid.
The Stars Say for Saturday February 18 warns of obstructive forces and treachery. It urges caution in signing papers and guarding against hidden enmities as minds stay keen to meet disruption and fraud with shrewdness.
A brief feature notes a child born today may gain keen mental equipment for life. It highlights Adolphe Menjou as a notable natality, a screen star associated with the date.
City council established the East Side Intercepting Sewer Fund with 13000 dollars plus change transferred from the Public Improvement Fund. Commissioner L D Burgus said a payment has been due for two years on the East Side sewer project.
A contractor explained that a special fund was created not to profit but to guarantee funds are available when creditors demand payment. He stressed the arrangement is a precaution amid ongoing litigation with creditors.
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