North Carolina Newspapers

PAGE SIX STATEMENT PACIFIC MUTUAL LIFE INSURANCE COMPANY, Los Angeles, Cal. Condition December 31, 1926, As Shown By Statement Filed. Amount of capital paid up in cash IqonQ 460 02' Amount of Ledger Previous year ................ Premium Income, $21,520,911.89 28,394,449.10 ; Disbursements—To policyholders, $10,951,724.42; , 1 Total v•; - A • 17,615,647.50, Business written during year—Number of policies, 30,073; Amount - " 91,872,983.00 Business in force at end of year—Number of policies,23l,- i 412; Amount $628,035,911.00, ASSETS' j Value of real estate (less amount of encumbrances) $7,592,688.99 Mortgage loans on real estate •• 49,877,303.1- Loans secured by pledge of bonds, stocks, or other col lateral v . 5,962,073.00 Loans made to policyholders on this company's policies as signed as collateral 17,162,476.85 Premium notes on policies in force (of which $1,071,133.68 j is for first year’s premiums) 1,07 1 , Z23 , 5S | Net value of bonds and stocks 18,173,353.57, Cash 710,833.21: Interest and rents due and accrued 1,586,683.39 Premiums uncollected and deferred 2,895,271.74, Accident department 12,104,465.50, All other assets, as detailed in statement 162,730.90 Total :Z. : $117,299,614.25 Less assets not admitted, 186,538.05 1 Total admitted assets $117,113,076.20 1 LIABILITIES. ! Net reserve, including disability provision $ 92,532,454.00 Present value of amounts not yet due on supplementary con tracts, etc 495,339.00, Policy claims * 576,947.79 j Dividends left with company at interest 1,336,504.00 Premiums paid in advance 101,175.571 Unearned interest and rent paid in advance 355,592.70; Commissions due to agents, <■" 9,873.40 Estimated amount payable for federal, state and other Taxes 585,000.00 Amounts due Stockholders 150,000.00 j Dividends due policyholders 2,723,344.88 Amounts set apart fer future dividends 1,909,068.00; Accident department 7,765,002.59 All other liabilities, as detailed in statement 143,640.00! I Total amount of all liabilities, except capital $108,683,941.93! Capital paid up in aesh $3,000,000.00 .... j Unassigned funds (surplus) 5,429,134.27 8,429,134.27 Total liabilities $117,113,076.20 Business in the State of North Carolina During 1926. Policies cn the lives of citizens of the state in force De cember 31st of previous year, No. 3,889 —Amount $ 9,349,149.00 Policies on the lives of citizens of said state issued during the year ,No 463—Amount 1,379,039.00 Total No., 4,3s2—Amount 10,728,188.00 Deduct ceased to be in force during the year, No. 329 Amount • 908,473.00 Pclicies in force December 31, No. 4,023 —Amount 9,819,715.00 Losses and claims unpaid December 31st of previous year, No. I—Amount1 —Amount 1,000.00 Losses and claims incurred curing year, No. 33 —Amount 106,264.00 Total. No. 34—Total Amount .... 107,264.00 Losses and claims settled during the vear, in full, $107,- 264.00; No. 34; Amount $ 107,264.00 Premium income—Ordinary, 8306,405.10; —Total 8 306,405.10 President, George I. Cochran; Secretary, S'. F. McClung. Treasurer, Kcward S. Dudley; Actuary, Alford G. Haun. Home office, Los Angeles, Cal. Attorney for Service: Stacey W. Wade, Insurance Commissioner, Raleigh, N. C. Manager for North Carolina, G. V/. Patterson, Charlotte, N. C. State of North Carolina, Insurance Department. (Seal) Raleigh, March 26, 1927. I. STACEY W. WADE. Insurance Commissioner, do hereby certify that the above is a true and correct abstract of the statement of the Pacific Mutual Life Insurance Company, of Los Angeles, Ca., filed with this department, showing the condition of said company on the 31st day of December, 1926. Witness my har.d and official seal the day and date above written. ! STACEY W. WADE, Insurance Commissioner. STATEMENT Security Insurance Company, New Raven, Conn. Condition December 31, 1926, as Shown by Statement Filed. Amount of capital paid in cash $ 1,500,000.00 Amount ledger assets Dec., 31st previous year, $9,544,- 150.60; Total 9,544,150.60 Income —From policyholders, 56,013,410.66; Miscel laneous, $1,203,417.93; Total 7,216,828.59 Disbursements —To policyholders, 53,134,990.68; Miscel laneous, 83,667,314.44; Total 6,802,305.12 Fire Risks—Written or renewed during year, $918,- 374,163.00. In force, 1,017,626,239.00: All other risks—Written or renewed during year, $426,- 242,204.00. In seres .'. 285,564,889.00 ASSETS Value of real estate $ 676,999.61 Mortgage loans on real estate 738,525.00 ! Value of bonds and stocks 7,207,429.14 Cash in company’s office 3,613.32 Deposited in Trust Companies and Banks not on interest 192,606.62 Deposited in Trust Companies and Banks on interest 138,217.94 Agents’ balances, representing business written subse quent to October 1, 1926 838,882.65 Agents’ balances, representing business written prior to October 1, 1926 16,0V’ 71 ■ Bills receivable, taken for fire risks 94,349 \2 Bills receivable, taken for other risks 2,186.92 Interest and rents due and accrued «... 89,984.53 All other assets, as detailed in statement 774,842.65 Total .... - : ' $10,773,686.51 Less assets not admitted 24,174.96 Total admitted assets $10,749,511.55! LIABILITIES Net amount of unpaid losses and claims $ 722,808.08 ; Unearned premiums 5,676,524.66 Salaries, rents, expenses, bills accounts, fees, etc., due or. accrued 11,000.00 Estimated amount payable for federal, state, county and municipal taxes due or accrued \ 160,000.00 All other liabilities, as detailed in statement $ 15,000.00 Total amount of all liabilities except Capital $6,585,332.74 Capital actually paid up in cash $ 1,500,000.00 Surplus over all liabilities 2,664,1.78.81 Surplus as regards policyholders $ 4,164,178.81 Total Liabilities . ‘.510,749,511.55 j Business in North Carolina During 1926 ’ risks written. 83,963,725.00; Premiums received $ 30,759.94 MI other risks written, $3,113,478.00; Premiums received 2,041 98 Looses incurred —Fire, $14,384.68; Paid 14,808.20 Looses incurred —All other, $833.68; Paid 1,084.47 President, John W. Ailing; Secretary, W. A. Thomson. Home office 175 Whitney, Ave., New Haven, Conn. Attorney for service: STACEY W. WADE, Insurance Commis sioner, Raleigh, N. C., Manager of North Carolina Home office. STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, IJNbUKA Raleigh, N. C., Feb. 10, 1927. I STACEY W. WADE, Insurance Commissioner, do hereby cer- A’*? thp above is a true and correct abstract of the statement of the Security Insurance Company, of New Haven, Conn, filed with this de partment, showing the condition of said company, on the 31st day of December, 1926 y official seal, the day and year above written. w * STACEY W. WADE, Insurance Commissioner. NOTICE OF LAND SALE i By virtue of the powers contain ed in a certain deed of trust exe cuted on the 26th day of March, ! 192 p, by H. A. Bynum and Annie Bynum, his wife, to A. C. Ray, trustee, and duly registered in 1 the office of the register of deeds ! for Chatham county, in book G. L. page 157-58, and default having | made in the payment of the ! note secured therein, and demand j having been made on* the under signed trustee, to forclose the same according to its terms and conditions, by the holder of said note, I will on, MONDAY, MAY THE 2ND, 1927; |at the court house door in Pitts | boro, sell for cash to the highest 1 bidder the lands hereinafter des- I cribed and defined as follows: ! First tract. Beginning at a hick , ory stump and pointers; running . south three degrees east 26 poles to a post oak; thence south 58 j poles to a rock pile; thence east 1 32 poles pointers; thence 22 de : grees east 88 poles to a post oak; thence east to a rock pile on the : public road; thence north the va . rious courses of the public road 226 | poles to a stump, Smith’s corner; | thence east with a chopped line to a black oak near the branch;thence I north 67 degrees. West to a stake; thence north to a stake near the James Henderson spring; thence ; in a northweaterdly direction with the James Henderson line to a sour ! wood two poles south of Dry Creek; thence north 37 degrees east 26 poles to a stake thence north 55 j degrees east to a walnut Hiram Henderson’s corner, thence in a i northernly direction with Hender son’s line to a stone pile in an old pien field, Mann’s corner; thence ! west 41 1-2 to a hickory; thence south 35 degrees, west 72 poles to a maple on Dry Creek; thence up Dry Creek its various courses to : an Ash on the south side of Dry ! Creek at the mouth of the branch just above the ford; thence up the branch the various courses to a post ork; thence 120 poles to a j black oak; thence east 81 poles to a stake and pointers; thence north with the Henry Lutterloh line to I Henry Luiterloh’s corner; thence ; east to the beginning, containing 1 1166 acres, more or less. Second tract: Being located in the town of Pittsboro and designat-. ed on the map of said town as lot | No. 53 and described as follows: Beginning at the southwest corner of the lot of the Presbyterian j church and running north 204-2-3 j feet; thence west 98 1-2 feet to a j stone; thence south 204-2-3 feet to the street leading east from the court house; thence cast 98 1-2 feet to the beginning, containing one-half acre, more or loss. Time of sale 12 o’clock noon, This March 28th, 1927. A. C. RAY, Apr. 7-4tc— Trustee, j 52k:nnig) 1 EXECUTOR S NOTICE Having qualified as executor of j the estate of L. J. Lawrence, de ceased, late of Chatham county. I I hereby direct all persons having | claims against said estate to pre j sent them on or before March 17, 1928, or this notice will be pleaded in bar of their recovery. All per sons owing the estate are request ed to make immediate payment. This the 17th day of March, 1927. F. C. MASON, Executor the estate of L. J. Law rence. March 24-6tc NOTICE Notice is hereby given that, pur suant to an order made at the | March term of Chatham Superior court in an action therein pending \ entitled “G. M. Womble and others against J. K. Barnes,” all parties having claims against J. K. Barnes are required to present and prove to the receiver their respective claims by furnishing an itemized, I verified statement of same to W. R. Williams, receiver, Sanford, North Carolina, on or before the first day of May, 1927; and all creditors failing so to do are here by notified that this notice will be pleaded in bar of such creditors participating in a distribution of i the funds of such receivership. This March 22nd, 1927. W. R. WILLIAMS, Receiver of J. K. Barnes. Mar 31 4tc. Executor’s Notice. Having qualified as executor of the estate of the late J. W. May nard, I hereby warn all persons having claims against the estate to present them duly proved to the undersigned on or before April 1, 1928, or this notice will be pleaded in bar of their recovery. All per sons owing said estate are request ed to make immediate payment This April 1, 1927. E. ,E. MAYNARD, Executor. v THE CHATHAM RECORD STATEMENT OLD COLONY LIFE INSURANCE COMPANY, Chicago, 111. Condition December 31, 1926, As Shown By Statement Filed. Amount of capital paid up in cash $ 126,551.87 Amount of ledger assets December 31st of previous year 3,369.049.45 Premium Income, $1,041,388.90; Miscellaneous, , $383,564.44 Total 1,430,953.34 Disbursements—To policyholders, $344,685.19; Miscellaneous* $673,507.73; Total 1,018,192.92 Business .written during year— Number of policies, 226; Amount ;••• 10,368,194.36 j Business in force at end of year—Number of ... policies 31,574, j Amount j ASSETS Value of real estate (less amount of encumbrances) ....$ 2,471,899.62 Mortgage leans on real estate • 583,0du.UU Loans made to policyholders on this company’s policies assigned as collateral ‘ i cm Premium notes on policies in force , Net value of bonds and stocks £ as h 10b,021.d2 interest and rents due and accrued 23,077.68. 1 Premiums uncollected and deferred n 79 1 All ether assets, as detailed in statement 41,49b./o j Total : '■■■» W™-™*-™; Less assets not admitted 30,3b0.62 > • Total admitted assets • $ 3,944,443.4/j ; LIABILITIES. | Net reserve, including disability provision $ 3,574,433.16 Present value of amounts not due on supplementary con- i tracts, etc '•••■ 10,895.46 Policy claims i Dividends left with company at interest 9kq• 70 Premiums paid in advance , 2,536.70 i . Unearned interest and rent paid in advance ; 11,791.85 Commissions due to agents ••••' 340.66 Estimated amount payable for federal, state and other taxes 64 > 619.17; Amount set apart for future dividends 3 ’ All other liabilities, as detailed in statement 13,762.85 1 Total amount of all liabilities, except capital, $ 3,/25,5/9.29 1 Capital paid up in cash $126,551.87 Unassigned funds (surplus), 5,312.31 , Unassigned funds (surplus), $ 92,312.31 218,864.18 Total Liabilities $3,944,443.47 1 Business in the State of North Carolina During 1926. ; Policies on the lives of citizens of said State in force De cember 31st of previous year, No. 94 —Amount $ 124,750.00 Policies on the lives of citizens of said state issued during the year, No. 177 —Amount 173,500.00 ! Total, Number 271 —Amount $ 298,250.00 , Deduct ceased to be in force during the year, No. 64 Amount 95,750.00 j Policies in force December 31st, No. 207 —Amount $ 202,500.00 I ■ ■■ - r Premium income—Ordinary, $5,333.20; Total $ 5,333.20 , President, B. R. Nueske, Secretary, R. C. Van Dyke. Treasurer, Jos McGanley. Home office, Chicago, 111. Attorney for Service: Stacey W. Wade, Insurance Commissioner, ■ Raleigh, N. C. Manager for North Carolina Home Office. State of North Carolina. Insurance Department. '< (Seal) s Raleigh, March 26, 1927. I. STACEY W. WADE, Insurance Commissioner, do hereby certify , that the above is a true and correct abstract of the statement of the Old Colony Life Insurance Company, 0: Chicago, 111, filed with tiiis De partment, showing the condition of said company on the 31st day of December, 1926. Witness my hand and official seal the day and date above written. STACEY W. WADE, Insurance Commissioner. STATEMENT PHOENIX MUTUAL LIFE INSURANCE COMPANY, Hartford, Conn. Condition December 31, 1926, As Shown by Statement Filed. Amount of ledger assets Dec. 31st of previous year 87,017,353.35 Premium income, 817,802,589.88; Miscellaneous, $7,027,- 446.62; Total 24,830,036.50 Disbursements —To policyholders, 810,079,975.69; MisV cellaneous, 85,430,345.99; Total, 15,510,321.68 Business written during year—Number of policies, 19,975; Amount •• 77,427.54 Business in force at end of year—Number of policies, 166,096; Amount - 473,238.197 ASSETS. Value of real estate (less amount of encumbrances) $3,907,532.33 Mortgage loans on real estate 48,439,698.04 Loans made to policyholders on this company’s policies assigned as collateral, 14,194,195.71 Premium nots on policies in force 7,958.77 Net value of bonds and stocks 28,692,390.04 Cash, 967,207.75 Interest and rents due and accrued 2,397,903.21 Premiums uncollected and deferred 1,921,329.44 All other assets, as detailed in statement 1,053,666.53 Total, $101,581,881.82 Less assets not admitted 254,057.61 Total admitted assets $101,327,824.21 j LIABILITIES. Net reserve, including disability provision $ 82,932,668.00 Present value of amounts not yet due on supplementary contracts, etc., 1,371,272.00 Policy claims .» 239,547.49 Dividends left with company at interest 6,312,319.68 Premiums paid in advance 258,866.90 Unearned interest and rent paid in advance 8,110.85 Commissions due to agents 7. * 25,879.38 Estimated amount payable for federal, state, and other taxes, 468,000.00 Dividends due policyholders 187,394.97 Amounts set, apart for future dividends 8,833,818.33 All other liabilities, as detailed in statement $ 689,946.61 Total amount of all liabilities, except capital $101,327,824.21 Total liabilities $101,327,824.21 Business in the State of North Carolina During 1926. Policies on the lives of citizens of said State in force De cember Slsc of year, No. 4,011; Amount, _ $ 8,546,227.00 Policies on the the year, No. 719; Amount 2,613.180.00 Total No. 4,730; Amount $ 11,159.407.00 Deduct ceased to be in force during the year, No. 334, Amount 840,082.00 Policies in force Dec. 31st., No. 4,396; Amount 10,319,325.00 Losses and claims unpaid December 31st of previous year, No. 4; Amount 10,500.00 Losses and claims incurred during year, No. 42; Amount 69,794.93 i Total, No. ,46; Amount * $ 80,294.93 Losses and claims settled during the year, in full, $80,294.- 93; by compromise, 0; by rejection, 0; No. 46; Amount ' 80,294.93 Premium income—Ordinary, $283,880.91; Total „.$ 283,880.91 President, Archibald A. Welch; Secretary, Harry E. Johnson. Actuary, Henry M. Kaufman. Home office, Hartford, Coan. „ Attorney for service: STACEY W. WADE, Insurance Commis sioner, Raleigh, N. C. Manager for North Carolina, B. Scott Blanton, Charlotte, N. C. (Seal) STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, Raleigh, March 26, 1927. STACEY W. WADE, Insurance Commissioner, do hereby certify that the above is a true and correct abstract of the statement of the Phoenix Mutual Life Insurance Company, of Hartford, Conn, filed with thus department, showing the condition of said company on the 31st day of December, 1926. Witness my hand and official seal, the day and year above written. STACEY W. WADE, Insurance Commissioner. STATEMENT PHILADELPHIA LIFE INSURANCE COMPANY Philadelphia,. Pi>. *’ Condition December 31, 1926* As Shown By Statement Filed Amount of capital paid up in cash $ 56 0 32n a Amount of ledger assets Dec. 31st of previous year;Total 11 211 Premium income, $2,161,044.64; Miscellaneous, $1,040,- ’ Disbursements —To policyholders, $1,901,590.43; Miscel- ’ laneous, $1,052,766.96; Total, 2,954 357 0, Business written during year—Number of policies, 4,110; ’ ! Business in force at end of year—Number of policies, ’ HIJ 28,095; Amount, 76,471 OlSaa ASSETS: ’ U4B>o|) ' Value of real estate (less amount of encumbrances) S 532910., Mortgage loans on real estate 8 6,1477502 I Loans made to policyholders on this company’s policies ’ Premium notes on policies in force (of which $7,755.11, is ’ 11 for first year’s premiums), B 8 I7n Cash ’385445'! Interest and rents due and accrued 217 j Premiums uncollected and deferred 152.0551' i All other assets, as detailed in statement 41*821 34 Total §~1L8284085! Less assets not admitted, 79,191 89 Total admitted assets $ ~lL74Bßifi^ LIABILITIES. 8 6 6e : Net reserve, including disability provision $ 9,938,892 Oil Present value of amounts not yet due on Supplementary Policy claims v 112,306$ I Dividends left with company at interest 158,89200 Premiums paid in advance, 5,’08900 Unearned interest and rent paid in advance 57.16 L, Commissions due to agents 6,321 Or I Estimated amount payable for federal, state, and other taxes 50,78241 ; Amounts set apart for future dividends 365,644.44 ! All other liabilities, as detailed in statement 87.32876 Total amount of all liabilities, except capital 8 10,852,534.9* Capital paid up in cash $560,320.00 Unassigned funds (surplus) $335,961.72 896,281.? Total liabilities $ 11,748,816^ Total $ 11,828,008.55 Less assets not admitted 79,191.89 Total admitted assets 1 §11,748,816.66 Net reserve, including disability provision $ 9,938.892J)i| Present value of amounts not yet on supplementary con tracts, Etc., > 70,116.# Policy claims : 112,306.00 Dividends left with company at interest 158,89.:.00 Premiums paid in advance •. 5,080.08 Unearned interest and rent paid in advance 57-162.® Commissions due to agents 50,782,4 Estimated amount payable for federal, state, and other taxes 50,782.41 Amount set apart for future dividends $$ 3 65,644.49 . Business in the State of North Carolina During 1926. Policies on the lives of citizens of said State in force De cember 31st of previous year, No. 4,111; Amount 8 8,342,010.00 Policies on the lives of citizens of state issued during the year, No. 554; Amount 1,557,931.00 Total, No. 4,665; Total amount 9,899,941.00 Deduct ceased to be in force during the year, No. 434; Amount 984,013.00 Policies in force December 31st No. 4,231; Amount ....$ 8,915,928.00 Losses and claims unpaid December 31st of previous year, No. 3; Amount 4,000.00 Losses and claims incurred during year, No. 37; Amount 72,810.00 Total, No. 40; Amount 76,810.00 Losses and claims settled during the year, in full, $72,- 810.OO; No. 38 Amount 72,810,00 Premium income—Ordinary, $260,480.57; Total 8 260,480.51 President, Clifton Maloney; Secretary, F. G. Combes. Treasurer, F. G. Combes; Actuary, Ernest M. Blehl. Home office, Philadelphia, Pa. Attorney for Service: Stacey W. Wade, Insurance Commissioner, Raleigh, N. C. Manager for North Carolina, Home office. State of North Carolina, Insurance Department. t. STACEY W. WADE, Insurance Commissioner, do hereby certify that the above is a true and correct abstract of the statement of the Philadelphia Life Insurance Company, of Philadelphia, Pa., filed will this department, showing the condition of said company on the 31st day. of December, 1926. . 1 Witness my hand and official seal the day and date above written. STACEY W. WADE, Insurance Commissioner. STATEMENT FEDERAL UNION INSURANCE COMPANY, Chicago, 111. Condition December 31, 1926, As Shown By Statement Filed. Amount of capital paid in cash S 1,000,000.00 Amount ledger assets Dec. 31st previous year, 2,114,215.15 ! Income—From policyholders, $740,924.02; Miscellaneous, $89,150.60; Total 830,074.62 Disbursements—To policyholders, $422,899.35; Miscel laneous, $358,606.64; —Total 71,505.9? Fire Risks—Written or renewed during year, $244,825,- 00. In force y . 146,957,652.00 All Other Risks—Written or renewed during year, SBS,- . 938,943.00. In force 33,955,591^ ASSETS Value of bonds and stocks 1,803,216.*- Deposited in Trust Companies and Banks on interest .... 139,812-® Agents’ balances, representing business written subse quent to October 1, 1926 96,504 J» Agents balance, representing business written prior to October 1, 1926 19,70^- Interest and rents due and accrued 25,1 M All other assets, as detailed in statement 180,93*- * Total "" S 2,265,454$ I Less assets not admitted 19,V00- 5 ■ Total admitted assets S 2,245,0' ® LIABILITIES. J Net amount of unpaid losses and claims $ Salaries, rents, expenses, bills, accounts, fees, etc., due or I accrued ! 4,66*# ■ Estimated amount payable for federal, State, county and municipal taxes due or accrued 2 / -• yl Contingent commissions, or other charges due or accrued r l All other liabilities, as detailed in statement Total amount of all liabilities except capital 8 881,22' j Capital actually paid up in cash $ 1,000,000.00 Surplus over all liabilities 36L4^| Surplus as regards policyholders S 1,364,46^| Business in North Carolina During 1926. Fire risks written, $1,392,287; Premiums received S 1 i'-VoI All other risks written, 8564,195; Premiums received ■ Losses incurred—Fire $8,352.64; Paid Losses incurred—All other, 5622.25; Paid, I President, Harold Warner; Secretary, C. L. Pendin. Treasurer, W. Tyrrell. Executive office, Pershing Square, New York City. . Attorney for Service: Stacey W. Wade, Insurance Commissi - I Raleigh, N. C. State of North Carolina, Insurance Department .. Y (Seal) Raleigh, Feb. 21. 192 ‘- f v■ I. STACEY W. WADE, Insurance Commissioner, do hereby ■ that the above is a true and correct abstract of the statement 0 ■ Federal Union Insurance Company, of Chicago, 111., filed with t | l , l ' v „• I partment, showing the condition of said company, on the 31st da. ■ December, 1926. .0, j Witness my hand and official seal the day and date above vii A STACEY W. WADE, Insurance Commissioner. Thursday, April 21, 1927