-I
Attendence at the Annual Day celebration at
Mount Moriah Baptist Church of Matthews
included (front row left to right) Beaulah
Harris, Mary Coleman, Mamie C. Stafford,
Jo Ann Anthony, Fannie Cure ton, Jeanette
Stitt and Vancy Maxwell. From left to right
on the back row are Buelah McClain, Annie
Robinson, and Maggie C. Clyburn. The
Church Aide Society sponsors the observance,
which wash held on Sunday, March 19. Guest
speaker was the Rev. W. C. Hay of Galilee
Baptist Church, Winston-Salem. His church
I
choir also took part in the program. Other
choirs were Good Sim and Mt. Zion Baptist
Chrchs, both of Elgin, S. C. Ministers present
for the service were Rev. Clifton Thomas,
who recently joined Mt. Moriah as an
assistant to Pastor J. C. Robinson, and the
Rev. J. H. Robinson, minister of Good Sim.
Society president Fannie B. Cureton reported
that 213 people attended the service. Home
cooked dishes were served in the church
auditorium after the program.
Black Unemployment Down
President Carter has repor-'
ted that black employment -
including black teenage em
ployment - is up and the
results show that the Compre
hensive Employment Train
ing Act “can move rapidly
against the problem of unem
ployment.”
The President said that this
progress report "reaffirms
my fiath in the ability of
government to deal directly
with serious economic and
social problems.”
In an optimistic employ
ment report, the President
said that black employment
since May has increased by 5.9
percent, "and it is estimated
that 33 percent of that in
crease was due to the buildup
of the CETA system jobs.”
The President also released
Labor Department statistics
which showed that black teen
.. age employment has increas
ed by 15.5 percent since May.
Black teenage unemployment
has been a continuing problem
for several years and the
Carter Administration has an
nounced several initiatives
aimed at targeting jobs for
the disadvantaged.
.„>tlegarding CETA, President
* Carter said that it gave him
"great pleasure” to report
that the level of public service
jobs under the CETA program
reached 753,000 in the first
week of March, surpassing the
target of 725,000 the Admini
stration has set for the date
more than nine months ago.
“Not only did we meet the
target, but we met it in the
week we had scheduled more
than nine months ago. This
demonstates that the CETA
system is an effective fiscal
policy tool that can move
rapidly against the problem of
unemployment,” the Presi
dent said.
“This rapid expansion of the
public service jobs program
was done without the creation
of a large new fedeal bureau
cracy,” the President added.
The President also reported
on progress in targeting the
CETA program towards the
disadvantaged, pointing out
that since May growth in
CETA job6 has been concen
trated “much more heavily
j among disadvantaged work
ers than before.”
' “Prior to the expansion,
icwci uidii i id Li uic cmuuwb
in the major CETA employ
men (titles were disadvant
aged. During the expansion,
more than 16 percent of the
new enrollees were disadvan
taged. I have submitted to the
Congress a reaurhorization of
th CETA bill that will devote
100 percent of the future re
sources of the system to the
disadvantaged," the Presi
dent said. _
Keep your out-of-town
friends informed on what’s
happening in Charlotte by
sending them a copy of the l
Charlotte Post each week. The
^osUs^mly$l^jiei^ear^^^
Presbyterian Church
Supports Wilmington 10
During the regular March
meeting of the Presbytery of
New York City, Rev. L. C.
Gray of St. Albans Presbyte
rian Church;’ made a motion
calling on the Presbyterian
Church to support the Wilm
ingto Ten.
The resolution which was
encompassed in the motion
was prepared by the Social
Concerns Committee of the
Presbytery.
This resolution was prompt
ed by a local church, Hollis
Presbyterian Church in Que
ens.
The motion was vigorously
supported by Reverend Eu
gene Callendar of the Church
of the Master, and Reverend
Metz Rollins of St. Augustines
Presbyterian Church and was
unanimously accepted by all
present.
Mrs. Haines To Conduct Seminar
n senes oi puouc laws on
the role of minorities and
women in police work is being
sponsored by the Department
of Sociology and Anthropology
at the University of North
Carolina at Charlotte.
Lewis Taylor, executive di
rector of the Office of Civil
Rights Compliance, will speak
at 12:30 p.m., Tuesday, March
28 in McEniry 155 at UNCC on
"Civil Rights Aspects 01 Ra
cial and Sexual Desegregation
of the Police.’’
Dr. Lewis Sherman, profes
sor of psychology at the Uni
versity of Missouri-St. Louis,
will speak at 12:30 p.m.,
Thursday, April 6 on “The
Emerging Role of Women in
American Police Depart
ments/]
Life Insurance
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CHAS. E. MACKEY
I AGENCY
lll»-HoolH>-Ho«i»o-Airt»-«ro«|>
l*c E. Morahaod Stroo*
CKorlotto, Non* Corolloo 2*204
*«>*•: 172-0242 In 0-0411
NATIONWIDE
INSURANCE
Nationwide is on your side
. ...
Clayton’s i
Working |
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FUEL EFFICIENT: 33!S««,/23 .JU equipment end how many mile* you drlve.'B
$359500 s $9900 — $933r s
•eeed on ce*h price of 131*100 ptut (to 00 Dealer Preparation Down Payment of tee 00 Payment* of 0W J1 par
month for 40 month* on approved credit APR it 1} as Finance charge <x ten M Deferred payment price I*
*4377 M Documentary lee of (IJ 10. “ C Sale* Te« end Teg e»tra If applicable
I Ask For Clayton Perry £
I Young-Ford I
S ^Stonayi and Bfevard Streets 372-2750 £
LaaMflflHHRittffiftKMtttHlbSMftiMMl
SUSCRIBE TO THE CHARLOTTE POST
Call 392-1306
Y'ALL COMI . .
^ ^iEiiT»Fiamwpmuh
ANY G«OUP Of ONE OAUON IVttOKHH LOW
MAINTENANCE SHtUftS FO« YOU! LANMCAFV
12 FM *23.85
/,' •< kb nit ikes FLOWERING PANSIES... 20c
HM POTTED ROSES.3.50
CANDYTUFT. 1.00
AZALEAS.1 oo
r-4* Ml—IMWW TULIP POLAR
•2.M 10 FT. TO 12 FT. 20.00
ivl _.___ - _
No Curbside Next Wfeek
Remember! No curbside trash collection Wednesday, March 29.
STATEMENT OF CONDITION
NORTH CAROLINA MUTUAL
LIFI INSURANCE COMPANY
A MESSAGE FROM THE PRESIDENT
We are pleased to provide a brief summary of our 1977 report to policyowners.
A more detailed report of this record-setting year may be obtained by writing
us at Mutual Plaza:
* Total life insurance in force of $3.53 billion reached an all-time high for any
black-managed life insurance company.
• Premium income increased from $44.4 million in 1976 to $48.6 million in
1977, more than 9.3%.
• Net investment income grew to $8.2 million in 1977.
* Assets increased to a new high of $160.9 million.
* Benefits paid to policyowners, since organization, reached $317.2 million
with $27.7 million paid in 1977.
• Dividends paid to policyowners have totalled $29.5 million since 1944. . .$1.6
million in 1977. . .thus lowering the net cost j
of insurance to thousands of NORTH /iflflk
CAROLINA MUTUAL policyowners. ^
President **
DECEMBER 31. 1977 $
Prepared from the Annual Statement filed with the NORTH CAROLINA State Insurance Department
r Assfcis
Can...$ 2,114,579
Bonds
U. S., Conidion ond
Other Government... $ 7,167,696
Stato and Municipal. 9.350,175
Ralroad. 2,927,537
Public Utility, U. S. and
Canada.—. 35,765,566
Industrie and
Mhcellaneous..■ 29/462,225 94,683,724
Stocks
Preferred.9 3429,156
Common.. 4,729472 9,350,529
Martaofa Loans
Conventional-930427,023
Insured or Guaranteed... 9,297,240 39,914,272
Real Estate
Properties far
Company Uaa.—.9 9,190,974
Other Properties... 747,939 9,939,194
Paliey Loom- 3,991479
Investment Income Duo and Accrued.
Premiums in Caurw of Cdtccticn_ I
Can Value • PalMoa on Officers. I
Other Arnett*- 119,149
TOTAL ASSETS-9160,818,361
LIABILITIES
Statutory Policy Reserves..$114.901.MS
Policy Claim LiaMiths.__ IS,002,013
Dividends to Policyowners.. 4,250,104
Other Policy LiabOitiet._ 371
Interest, Rants, and Premiums Paid in
AOwnee----- 001,01 S
Tanas and Accrued Expense. 2,043,000
Employee Benefit Reserves.. 654.OM
Mandatory Security Valuation Reserve. 500,040
Group Continioncy Reserve. 3,123,004
Other LiabOitiet^._ 113,002
TOTAL LIABILITIES—. ...4142,000.355
CONTINGENCY RESERVE
AND SURPLUS
Reserve for
Conthtftncy-00,231,013
Asset Fluctuation Reserve... 2.600,000
Unaeaifnad Surplus. 6,000,000 1S.231.013
TOTAL LIAOILITIES AND
SURPLUS—_ S100.01S.30S
w. J. Kennedy III
President
BOARD OF
DIRECTORS
JOSEPH W. GOODLOE
Chairman of tha Board
Durham. North Carolina
W. J. KENNEDY III
Pratidant-Chiaf Exacutiva Officar
Durham, North Carolina.
N. H. BENNETT JR.
Durham. North Carolina
W. A. CLEMENT, CLU
Exacutiva V.ca Pratidant
Durham, North Carolina
HENRY E. FRYE
Graamboro, North Carolina
MACEO A. SLOAN.CLU
Exacutiva Vica Praaidant
Durham. North Carolina
C. C. SPAULDING JR.
Durham. North Carolina
C. 0. WATTS. M.D.
Sr. Vica Pretident-Madical Director
Durham, North Carolina
J. H. WHEELER
Durham, North Carolina
honorary —
W. J. KENNEDY JR.
Durham. North Carolina
ALFRED M. PELHAM
Datroit, Michigan
ASA T. SPAULDING
Durham, North Carolina
A. E. SPEARS
Charlotte, North Carolina
MR*. V. 0. TURNER
Durham. North Carolina *
A. W. WILLIAMS
Chicago, llllnolf