A merica,' lavish periodical Cemter CLU TON AMUR CINCINNATI 30, OHIO IEVerRorrjEwungiRommE F RESH I SH SCANNING THE HORIZON MAJOR LOCAL AND NATIONAL CAUSES MERGE IN DRIVE FOR $305,000 TO BE . CONDUCTED BY WELFARE FEDERATION (Continued from Preceding Page) book-dealers knew they could nil vance the price of a book son e five hundred or a thousand dollars. "Kern won't bargain." And yet the easy mark has sold his library for several times the price he paid for it. Talk about stocks going up! These little rare books can show them a trick or two. A vol- ume of Robert Burns for which he paid $5,000 sold fur $25,000, and that increase Woo fairly character- stir of his numerous other rarities. Kern hated to part with his library, but it got to be too much trouble, he declares. "Trouble of cataloguing, danger of fire a nti the like. It's a career in itself." COMPLETE PLANS FOR SIIAAREY ZEDEK PARTY AT WILSON ON MONDAY RUSS PERSECUTION SERIOUSLY AFFECTS POSITION OF JEWS Rugs, Draperies Need Cleaning Plans are announced completed (Continued from Page One.) his committee is to enroll 750 vol- for the theater party of the Shan- unteers. ey Ztodek Sisterhood, to be held at straighten out the present diflieul- Delivered to Your Ilmue described the manner in which the The Jewish Center string ensem- ties of the Jews. funds were expended by the J. I). FRESH WHITE FISH ble, consisting of Jack Weisberg, Almost every leader of the Minsk C., and pointed out that a $6,000,- Harry Siegel, Max Pecherer, Bessie FRESH TROUT Jt•wish community, including Rab- 000 annual expenditure for Euro- Forest cleaned rugs and Bunn), Alex Robinson, Stilton Lev- FRESH YELLOW PIKE bi Peovseer, Rabbi Ostler Kershtein pean relief in a tragedy like the in ,and Bernard Rothman, accom- draperies retain that ctolorful unit Raisin Gluskin have bee-II ar- one the Jews have experienced is All Other Kinds of Fresh panied by Rosa Bassin, played the beauty longer and wear not a large sum. rested charged with maintaining Fish following selections: Overture "Die illegal connto•tions with torganiza- longer because the dirt and Mr. Bressler said that at the J. Felsonmuhle, by G. Reisinger; Deliveries Leave Our Store lions altroad. The G. I'. U., Rus- I). ('. conference in Zurich last Intermezzo-Pizzicato, by Joseph soil which ruins fabrics has 10 A. M. and 3 P. M. sian secret police, claims that it August he reported that "so far as Neury; Song of the Sailors from been removed. Oriental di scoVereol in the homes of the ar- the Jews are concerned the war is the Flying Dutchman, by Richard rugs (or el(moostie carpets rested rabbis, letters addressed to net over, and I doubt whether it Wagner. Jewish organizations abroad that cleaned by Forest's methods will be over fur some time to come." "The TWO Goyim," a humorous coompromise the Soviet government Turning next to the , other brunch one act playlet was presented by are lustrous and bright. You and asking that the time of Russia 1334 E. Vernor Highway in the Allied Joint Campaign, the t he Young Women's Hebrew As- WHY THEY BUY BOOKS can entrust your most valu- be saved from annihilation. Cherry 7290 Cherry 5027 And talking about the book Jewish Agency, 51r. Bressler de- sociation. The play was written able rugs to Forest because business along F ourth :eve- scribed his experiences in lunch by Samuel S. Grossman and pub- Mail for Clergy Banned, their cleaning methods pro- nue—"New York's Book Row"-- last August when the Agency Was lished by the Jewish Welfare Religious communities. syna• and you will see shop after shop ceinsummated. the said that he has Board. Mrs. Walter Lichtenfeld, tect both fabric and color. gegutos, churches atel members of devoted to literary merchandise, mover seen Sc) ninny' wonderful peo- former recreation svorker at the the clergy will henceforth be un- and standing among the. musty vol- ple in his life as were gathered at Young 1Vonoton's Hebrew Associa- able to receive (or send need, tele- Lmunirg, Associatril With Forest Cleaners • tr , umes, uns, you will often find old Jew- the Agency meeting. Ile called it tion, coached the pins-yrs. grams or money orders in the en- ish book (loafers who give you the a iti•ivilege to see the joy reflected it flyers, Renders Knoolly Fine 1,aiinifr7/ Serviee Members of the cast were Ted tire Kiev region. Western 4 1 10011 impresSion of owners of pawn in the gathering when the articles Mass•rman, Esthi•r Jacobson, Shir- and Postal 'Telegraph clerks have NEW ADDRESS hops or second-hand clothing deal- creating the Agency were signed, , ley Schwartz, Rose Cook, Sant decided not to accept letters or tel- ers, nod yet how these &osier( making possible unity in IIsrael. Karp and have Slavin. egrams from religious institutions knew their book s and what inter- lielf Hindi from John It.. at Art "Our Brother's Keeper." MRS. A. LOUIS GORDON Telegrams of gret•ings to the or their servants and also not to • . lulu itou• - . is . . It is no longer a question of 1 /111110e were read from Samuel , deliver the same to them. Each o-tory, for instance, of the Jewish !Monism or non-Zionism," hie.' Columbia 4270 Finsterwald, president (of the Sere- the Wilson Theater, Monday eve- letter carrier when getting mail girl s ho came into the bookstore Bre„1,.i. said. said. "It is a question o f ice Group, and Dr. Leo M. Frank- ning, Fels 21, for the opening per- fur all representatives of the above formance starring Otis Skinner in mentioned categories, is obliged nut :Ind asked the hook-dealer if he being our brother's keeper, whether lin, who were out of the city. . "Papa Juan." had a 'took to match the color of he is in Poland, Itutnania, Ilungilry to deliver it but to return it to the her dress. Mrs. David S. Diamond is chair- general postmtlieto where the letter t- Palestine. A wonderful ippon. NEW LOSS RECORD SET sh, had a lamp, she said, or the tunny is odre-nit the Jew in Pales- man of the committee of arrange. , , - ,h or, sod 'When her .. twau" ti„,... regardless BY HEBREW FREE LOAN moods. Mrs. A. Louis Gordon head( will be stamped with a "boycott of w h at h m l ,,,,, ,,,i o stamp" and retuned to the seonder. (Continued from Page One.) the hospitality committee. I • o sso her he wanted hint in August. Jews in Palestine have This lam whi h co niple tits i. , ., s her .11, - ,1.11 reading a book s o o s their background. They have their Bon has never deviated from its hues the lenders of religious in.-ti is; tOnes by a lamp, all of the A', it i r Ap warance stool cultural and economic f lotions, has made a terrific impres. sanie color! „ ttundatien, steadfast principle that loans shall, Lt to in l'ri•r den on the institutions affected and 11 is pointing to a height fu- always be made entirely irrespec- And there is the tale of the whicoo .,. 1 . r.rt nr Walla • d Curtains with their leaders have appealed to the piling Jew whocameo in . looked five of the borrower's nationali S y , ! • 1 he joint drive, Mr Bressler higher authorities expressing their and over several shelves and asked: ler race, or religion. These are lac - , "Ilene much for those four said ' will do away with " grunt tors which are never permittedtoJacob Levin, President, Ask. All readiness to pity triple postage. shelves of books?" deal of waste which is The a ppeal however was Se.i0i involved in enter into or affeet the decisions ' Members to Pay Their Dues in No religious institution or its Steel Finished to Match Room "Two hundred and fifty del- holding two drives instead of one. made by t he oflict•rs of the assn - ' Support of Institution. "FREE TRIP TO PALESTINE" Urges Aid for Schools. leaders will be stores ol with cohost Hoo- or Furniture elation. bore" replied the. bookelealer. ----- • Cadillac Grand Ball Room, March 16 Ile handed the bookileab•r the Speaking of the inclusion ill the Each application for a loan is - Jacob Levin, president of the ky in Kiev acetording to belay's de- e xt drie s th e money and whispered: "You think budget of the n Oranniraliens or Individ.ul. dr irina (lather Infornlat1nn should apply to item judged according to the individual Jewish Old Folks Horne, this week cision of the l'nion of Electrical . i pp o et of the ti el,w B. S. LINDERMAN, 13713 Twelfth Street, Hemlock 5212-J. I um crazy for buying books by fa • or support schools, merits of the particular situation' issued an urgent plea to all sus. Wei kers which has decided to cut MRS. E. tRANZBLAU, 5944 Northfield, Getfield 4481-2. elf OW power. the shelves, irrespective of what 31r. Bressler called such action "a which is presented. LA SALLE WINDOW SHADE e rs of the institution If it is pos. I tenni)); memb s t op i the h i rgtrection. h di " Bible for the individual in question I to remit at once in order not to they are. M'ell, I'll tell you. I s Ritual Objects Junked. ORGANIZATION AND DRAPERY COMPANY , get a weekly allowance from a rich Education," he said, is the life to borrow money from a bank, hinder the upkeep of the home. 8424 Linwood Avenue All five matzoth baking marhinve NAME of communities ever •wh or • y «. Yo uth uncle of mine in the west and he Garfield 1230-31 then his application is immediately "11 e have in our care at this in Ow city of Fastov have been • expressing • excluded H. A. FltISHAN, Pron. Is always writing toe to invest'oust A1)1111E55 from consideration, time 53 old folks Whoare depend- •oonfiscated fur industrialization. Witirlow sheiks and draperies to order some of it in books. Well, book, .lowish spirit and .lowish genius. Whether roe not a loan is made is ent on our members for their Illtlin- Praying shawls, phylacteries, Ge. Toile odd shades cleaned rind repaired. mean nothing to me, but he is (.11T11- It is not a question of Orthodoxy contingent upon the worthiness t•nonee," Mr. Levin explained. months and other religious books We carry • full line of Linoletinos ing here for a visit next week, and or Reform, but it is a cultural prop- • and urgency of the need and the "Our collections have been slow have now been collected through- ♦ I've got to have a library to slum. which must have the aid of endorsement of two responsible and we are now faced with a finer- I out 11krainin and will be sold as ann, or my allowance y be ill, all Jtows. 1 wish you Godspeed in people, dal problem to properly rare for junk fur the industrialization fund this necessary and essential Jew- periled," Bank Methods. them. It is very urgtont, there- which is to be used fur the par- ish work." The applicant is treated with the fore, that all our friends remit at ( •ense of tractors. 'The Communist IT APPLIED TO BOTH In his opening remarks, Mr. courtesy extended a customer at a once to help save the situation." paper Shtern's slogan is "convert i Tygeol, who spends most of his Bressler expres se d a debt of grab hank. The entire proceedings at- praying- shawls and phylacteries! time thinking about that Ilaym tulle to Fred M. Butzel for his deep tached to making loans and receive n Of 9300 Oakland Ay..—Tel. Longfellow 6896 500 ATTEND REUNION lute tractors." Special brigades of Salomon monument, tells a sttory understanding of every social prof_ ing the payments are conducted OF FRESH AIR CAMP Jewish children are conducting, that harks back to his native sod • lent in the community and for his strictly in a businesslike manner HAS OPENED 866 IOUS,' to house collections of these! of poland. Once upon a time, in participation in all worthy move- and without any elaborate foormali- A BRANCH Warsaw, a Jew and an anti-Semite' merits. Mr. Bressler also said that ties, More than 500 boys and girls ritual objects and are even taking! AT nosythe prayer books from the were strolling along the avenues New York has heard all about the When a customer makes an ap- who attended the Fresh Air Camp synagogues. Tel. Garfield 6811 of Warsaw. MAURICE CAMERON, Prop. double-loarreled Detroit Federation plication for a loan he is seated at last year joined in a reunion pro- The Only Hebrew-Jewish Book Store on Twelfth Street "Finally, they neared a park: and its Service Group. Ile spoke of a desk with an oflicial of the asso- gram at the Philadelphia-Byron RADIO SERVICE, Ho. 9000 "You see," said the anti-Semite Detroit's previous achievements in dation. When he calls to make Talmud Torah last Sunday. Prices Reasonable, Satisfaction Guaranteed Complete Automobile with glee, the sign on that park— relief efforts, and declared that the his weekly payments on the loan Unlike previous reunions, 1.110 dogs and Jews prohibited." news that was flashed in 1928 that he pays a cashier behind a hank reunion was held fur all the boys Service "Yes," said the Jew, "neither of , Detroit haul raised $710,000 did teller's screen grill. anti girls, instead of a series fur us can enter it." more than anything else in rousing The only reward of the Hebrew each camp group. — Phone Arlington 10142 the communities throughout the Free Loan Association is the Movies taken at the camp were SIME GETS HIS REV REVENGE The famous Sime Sil verma n, country. The giving by Detroit, knowledge that this service has shown at the party, as well as other as since 11122, of David A. Brown, helped in the relief and rehabilita- movies including a ((tamely. A play editor of Variety, "the Bibleo the 1920 Elmhurst at Twelfth theatrical world," and Charles 2 2 F. whom he called "a human tlymono lion of thousands since its incep- was presented by the Otnega So- w ith n heart as big as a house," to I lion. Open Day and Night cials. Zittel, editor of Zits, also a theatri. the relief campaigns was similar.' Weekly Payments, A special edition of the camp cal journal, are not on speaking lye hailed by Mr. Bressler. ' When loans are granted, the one paper was distributed as souvenirs, 1n, terms. DETROIT, MICH. Justice Butzel Speaks. ' stipulation made is that the loans one page in this edition being de- one day last week, Sil. Mr. Bressler was introduced by be repaid in small weekly install: voted to the news that registrations F. verman Was in Chicago and dropped in the night club presided fustire Henry M. Butzel of the ments. With this principle in ape. are now being taken for the coming An Increase of $213,207,000 Nlishignn State Supreme Court ration, it becomes possible to turn camp season. Boys and girls may over by the famous Texas Guinan. ' Texas wanting tee tease Simi' , who recalled the coming to Detroit over during the course' of a year now be registered for the summer of Mr. Bressler 30 years ago as a several times the original amount camp at 51 West Warren avenue. An I no mast. of $504,322,000 called out, "Ilowyk, Zit." to Sime said nothing, but two member of a distinguished groom, t' capital. During, 1929, a ttotal of • s ises1 -sj ":4.1 • hours later, getting ready to leave in behalf of the Industrial Remov- $173,930 was loaned from a capi. Display of Paintings by Ja- An 'no-no:Ise of $28,110,000 he cane(' for his check, s i gne d lel Office. Ile recounted the efforts( ,tat fund which fluctuated in size cob 0,0 '' • i !of Mr. Bressler for Jewish and • from $46,014.57 on Jan, 1, 19211. the l 4', . Zit's name on it, and left. A display of recent oilpaintings other cause's and lauded him for his to $50,075.21 on Dec. 31, 1929. (Convelsht, DSO . J. T. A.( Year - 42,863,000 public spirit and devoti(on. These figures represent increase. , by Jacob Reiss will be he at his 7' I over 1928 of approximately 9 per new studio at 3039 West Grand BRING 'EM IN—WE WILL v Wiseman Hails Unity. Mr. Mr. Wineman, in an inspiring cent in the number of loans and boulevard. The works include a FIX 'EM group of landscapes painted in brief addisoss, emphasized the need 15 per cent in the amount of Expert Metal Bumpers and for united action in the coming' money loaned. The sums of money Michigan and New England states. Abe Danto & Son (Continued from Page One.) Unitas Products FoREST 228 Farnsworth I CLEANERS DERS Y 533-547 FOREST AVE E COlumbia 4200 OLD FOLKS HOME PLEA FOR FUNDS Un'tas Radiator Shields ZEIRE - ZION PURIM BALL POPULARITY CONTEST Book ANNOUNCEMENT! S. Chesluk's Book Store Automotive 3.12th St. Service Garage * SUN LIFE ASSURANCE COMPANY OF CANADA A TOWER OF STRENGTH 1929 New Assurances Paid for - Assurances in force (net) - $2,401,237,000 Total Income net - Reiss. Painters Welding and Brazing Robertsons Schimmel & Russel 633 BRAINARD 12425 LINWOOD at Sturtevant Candies, Stationery, Light Lunches, Etc. Notary Public Glendale 2289 Look For Our Sign The Store Beautiful drive. Ile pointed out that it is loaned varied in size from $25 he be an all-inclusive campaign to $200. The money borrowed by the which will appeal to all, and urged that the indefatigable efforts of a various f,3:12 people during the united community be utilized in , course of 1929 was used for earl- making it a success. Mr. Wiseman ous necessary purposes: to prevent pointed to the cramped conditions foreclosure of real estate; to pro- of the present Jewish center and hide education; to safeguard busi- 1'. 1V. 11. A., and appealed ness; to relieve needy relatives; to for support of the movement It, meet necessary expenses for doe. build an adequate center. Ile tor, hospital, taxes, insurance. called fur sacrifices on the part of fuel, etc. In every case the loans are outdo workers for the Rued of the cont. only after careful investigation munity, The dinner was utilized to in- anti study by (officers of the organ- oust'. erease the personnel of the Serena, Not Al,,,., But Loans. Group. Maurice Caplan, chairman Thus the object of the Ilelores of the membership committee, re- ported that more than 400 men and Free Loan Association is, as it semen have thus far enrolled as always has been. to loan money t oo workers, and said that the goal o those in need, instead of giving Rime. In this way the association aims to help people to help them selves. It assists those reepectablo , people who character and self-re sptoct will not permit them to re ceive charity, hut who will acme a loan which they can repay are' thus overcome the difficulties in thei hoii ,. ri struggle for a means of liveli- FRANK & SEDER WOODWARD—Between GRAND RIVER & CLIFFORD—CHERRY 5500 Extraordinary Sale 8,000 Yards Heavy Washable Flat Crepe* White, Black and Forty of the Newest Spring Shades Every Yard Brand New *Rayon that Will yd. Wash Beautifully C Rayon flat crepe is destined to be he one of the most popular fabrics for spring dresses, blouses and undergarments ... its softness and richness is the very thing to interpret the feminity of the mode. Full 39-inches wide and we guarantee it to be washable. Serviceability! Beauty! Economy! All com- bined in this offering of rayon flat crepe for Monday which we have priced at far below regular. Monday-2,000 Yards Monday-1,800 Yds. All- All-Silk Printed Crepes Silk Colored Shantung Very special. Crepe de chine, tZ 1 flat crepe and georgettes. FIFTY sP w pring patterns in neat small new- and medium designs. 39 inches y d Very special. One of the moot ( fashionable semi-rough weave silks for new spring sport frocks, coats, etc. 33 inches wide. Guaranteed s ashab!e. - - A" l'''''''' 'd $5.121'9•" Total 1.1oll ollitit'S - Loan Association is provided from revs, the Jewish Welfare Federation and life membership in the association, which may be ob- tained through gifts of $250 and over. The Jewish Welfare Federation has granted the Hebrew Free. Loan Association a total of $3„0(0) since 1926, which has been added to the association's capital. It is from this capital fund, now total- ing $50,075.21, that the associa- tion makes its many loans. The expense incidental to running the office of the Hebrew Free Loan is met by the Detroit Community Fund. two sou 172,857000 o0 WI?' ''' , . 1 qr' ff, o . .. rt ( , 69,174,000 72,807,000 495,390,000 Assets, at 1)ecember 31st, 1929 568,197,000 An Inereas• of $79,239,0(X) 4 I t. \ ull 10 ,, - i ,!-, * . lilHrreff:1 - - 1.1tidiug raid tip Capital) rlifil al 1( - r,- - ;,' 4 .A.' , r "J - ilow'esel *I t tlil , ' t' 9 ' lit 144 .1N/ Trt 11 „ ' ..t, Nsw HEAD OFFICE BUILDING Rate of Interest earned on mean invested assets 7.02% - The high rate of dividends allotted to participating policyholders is continued and tke special dividend on maturing policies extended and increased. EXTRACTS FROM DIRECTORS' REPORT New policies, paid for numbered 161, - )91 for a net amount of W4.451,143.27, an advance of $213,206,- 752.3o, or more than forty-eight per cent., over the previous year. 'jets marked increase and the fact that the average policy, for the first time, exceeded $1,000, afford impressive evidence of the ever. griesing popularity of the Company. After deluding amounts reastotred, the total aesuranees in force amount to $2,401,237,03o.94, an inerease of $304,321,102.37. This advance is notable not merely for its magnitude, but hetauce when allowance is made for terminations by death and maturity, it represents a remarkably high rate of continuance, and evidences great satisfaction on the part of tour policyholders, PASSING MY WINDOW (Continued from Preceding Pavel The amount 1,31.1 to policyholders since organiza- tion, tool her with the amount at present hell for their seotOlty or benefit, exceels the Iotal amount f root them in in-ennui. by $139,290,474.03. ' 'The rate of interest earned un the mean invested assets has risen to 7.02inw cent. his figure includes ■ certain amount from nonuse, and stock privileges on many of the Company's holdings; but if these wt., entirely eliminated the rate would still be VS) per cent. A net profit of $11,077,284.62 was realized from the redemption or sale of securities T The surplus carnet during the year, based on the values entered in the accounts, amounted to $42,- 1163,5721.59, but from this sum substantial a pprojoria- tions haves uual been made to further strengthen the position of the Company. An additional $10,000,000.00 has been deducted front the market values of our securities as a pro- vision against possible market fluctuations, raising the amount thus set aside for this purpose in the accounts to $.30,000,000.00. A further $1,000,000.00 has been written off the Compan y's buildings. 8931,000.00 has been appropriated to raise the annuity reserves to the Rutherford table of valuation, with interest at 3! percent. Th is exacting standard remises reserves S2,69000.(0 in excess of those of the Dominion Government standard. $1,200,000.0 has been set aside as additional pro- s:slim for claims arising from total disability, death claims as yet unreported, and possible claims under rancellel policies on w ho h a surrender value or rein- statement might be applied for. NEW LAW TON LAUNDRY $2706,265.0 has been paid or allotted as profits for the year to poke) hollers. WET WASH 18 Pounds for 75c (Copirloht. 1434.J. T. A.) _IT.i.ri ;, , lini -, i Surplus earned d (l av rnients to Policyholders and Beneficiaries - - Surplus and Contingency Reserve - - - - Jew, although, let it be Said, a .1to• to whom the cult and fellowship in Israel were unknown. 51aartens not only felt at home in each coun- try he ever visited, but he has writ. ten novels in English and German, Loans do not rob the poor or While his issotie works form un- temporarily hard pressed man or doubtedly a valuable contribution woman of their self-respect. They to Dutch literature. There are do not feel degraded in reccivini furthermore sonnets in French this form of assistance. and even in Palish in existence by The Hebrew Free Loan Associa him. lie was of the pioneers in tint', as an institution, offers mil( so-called realm) novels; and with temporary accommodation. Whir his "God's F'ool," written in Erie. the banking system does for the Rich, he came to enjoy a truly in- rich and middle dense, this ageoo ternational v(o•,ue and continental ciiation does for the small trades - critics considered his work super- men and mechanics. ior to Dostoievsky's "Idiot." This Elimi nates Loan Shark. novel is an expansion of the rab- What would happen were it not binical text: "The wisdom of this for the establishment of such free world is foolishness with God." Iran organizations? Many hard Maartens undertook top rove the proem(' borrowers would • most err reverse that the foolishness of tainly suffer great inconvenient, this world may at times be wisdom and privation, or, what would un- with Gel. Ile chose an his hero a doubtedly prove even worse, they youth of clouded intellect, afflicted would fall into the hands of !oar from childhood with complete blind- loan sharks, who instead of help ness and deafness. Yet this boy. ing, ruin. who blocome is millionaire, through Source of Capital. Capital for the Hebre• Free inheritance, is able to foil the in. trismee of greedy individuals who would involve him in criminal spec- ulation. Maarten Maarten% whom I knew an a boy, preserved in all circum- stances a certain easy dignity, rather conciliatory than imposing, which precluded intrusion, but as. cepted it serenely if it forced it- self upon him. He was area to the best adeantagerr ittleo. any at Zuyles is where t e scr- ims figure moving slowly in the • formal Dutch garden, seemed in 3566 Lawton Avenue keeping with the exquisite fantas- tic house, full of memories of Will- iam of Orange. Or at his own din- ner-table, where he presided with gracious solemnity, talking English and German with unhampered Less than One-Day Service fluency to his guests, and giving We do not use chemicals, and directions in Dutch to his servants, therefore ran guarantee that A French or an Italian visitor - our clothes will wear 100 per would find him.equally at ease with o nt longer. their languages, and he took a cer- tain amiaide satisfaction in talk- Phone Glendale 4117 . ing to them all, in complete de- , fiance of the curse of Babel. 654,451,000 I The timid amount eNreel as a liability to pros vide (or unforeseen (-tont sencirs has been main. tained at $12,500,0e0.00. After making all these deductions and allocations, $5,868,899.96 has been added to the undivided sues plus, bringing the total over liabilities, contingency accounts and capital stock, to $60,307,762.44. In accordance wit h our usual conservative practice the securities owned by the Company have again been valued at figures much below the market quota- lions current at the close of the Near. This under• valuation represents an important element of strength to the Company additional to the specific provisions in the statements. . Your Directors are pleased to announce that the high scale of profits at present allotted to participate ng policyholders will becontinued during the ensuing year,while the Special Divalent' on maturing policies, ntreluced last year, has been extended to include policies maturing after having been in force five ears or longer and the scale of benefit has been aerosol, The business of the Company has always been conducted under the exacting provisions of the Canadian Insurance law and the rigid super-- vision of the Insurance Department of the Government of Canada. Ever since we en- tern! the United States in 1895, the Company has beenunder similar supervision there and is now subject to the regulations of thirty- eight States of the Union which require periodical examination of the affairs of all companies licensed in their territory. In the discharge of their regular duties a committee of twenty-two examiners, representing the States of Michigan, Massachusetts, Minnesota, Ohio, Tennessee, Washinton, Virginia, West Virginia, Florida and the District of Columbia recently completed an exhaustive exa m ination into every department of the Company's affairs. The report of this committee makes gratifying reference to the liberal treatment accorded to our policyholders, and provides authoritative testimony to the Corn- pany' ■ strength. Even adopting the low valuations placed by us on our securities, the committee still reported a surplus at the close of last year 81,333,921.71 in excess of the figure claimed by the Company. SUN LIFE ASSURANCE COMPANY OF CANADA. ERNEST W. OWEN, BRANCH MANAGER SUN LIFE ASSUR ANCE CO. OF CANADA 30TH FLOOR, EATON TOWER, DETROIT. MICHIGAN