President Reagan Entertains RevrBattte
Rev George E. Battle
of Gethsemane
AME Zion Church, was
among 76 black clergy
entertained by President
Ronald Reagan at the
White House March 26th
Keagan and his top aides
about accusations that his
administration was anti
poor The clergy, said Rev
Battle, told why by pointing
out the devastating affect
of his economics program
on hard working people
‘‘It's not that people are
out of work because they
are lazy and shiftless,”
said Rev. Battle, recalling
a point made during the
luncheon “They don't have
jobs, they’ve been closed
out. And they don't have
any skills to get electrical
—engineering jobs. We were
saying that there is no work
and we’ve got people who
don’t want handouts.”
Reagan stressed during
the luncheon speech that
the country faces an eco
nomic crisis and that he
felt his efforts to solve it
was not negatively affect
ing the poor
Job training programs
have been cut from $3.2
Budget Cuts Separate Black
Continued from Page 1
the present Social Security
system that penalizes
salaries and provides
minimal benefits for
survivors.
education is closely
maifedTtf Hm coiiLeiu fm
continuing poverty among
blacks. The black commun
ity must mount a strong
campaign for improving
basic public elementary
and secondary education in
the face of decreased
federal and state appro
priations for educational
programs, such a cam
paign, to be successful,
must include supportive
services to public schools in
the forms of parental and
community involvement in
fundraising activities, the
celebration of achievement
and creativity, and strong
efforts to prepare children
to function well in an order
' ly classroom climate
Both prospective and
currently, enrolled black
students in institutions of
higher education are facing
-terrible -crisis Ninety
percent of this segment of
the population receive
some form of federally
sponsored financial aid.
Cuts In idudeni aid and
loans threaten to reduce
the college-attending black
group by 2b to bu percent
Thus the ranks of 1.1
million blacks enrolled in
post-secondary educational
—programs—*50 percent - io
community colleges and
technical programs) could
be decimated by the with
drawal of federal supports.
Historically black col
leges, still granting 35 to 50
percent of all degrees
awarded to blacks in the
U.S., are tottering on the
brink of being closed. Dr.
Hugh Closter, president of
Morehouse College, est^_
mates the loss of one-third
of his school’s enrollment
in the fall of 1983 if the cuts
in student aid are put into
effect.
Student-bodies at More
house and its member in
stitutions depend heavily
upon three federally
sponsored student aid pro
giamsr Waslt Kiluivuiuiial
Opportunity Grants. Col
lege Work Study, and
Guaranteed Student Luans.—
While other colleges enroll
ing students of families
with higher income levels
for blacks in predominant
ly black colleges is $12,000
per year) will cut pro
grams, many black col
leges may close
The priority for blacks in
the U.S. in 1982 must be to
develop plans and actions
for reducing and eliminat
ing dependency upon go
vernment subsidies for sur-.<■
vival and growth. Good
—education and secure em
ployment are the basic
steps in this direction.
PRESIDENT RONALD REAGAN
— .^Addressing black clergy
billion to $1.8 billion But
Keaean said that of the $3 2
billion, only $592 million
was actually spent on job
training. In his $18 billion
budget, he said, $1.33
billion will actually be
spent on job training
"Complaints about bud
get cuts,” he said, "really
reier to a cut in the rate of
increase in programs
already top-heavy with
bureaucracy ”
‘ Some . well-meaning_
programs robbed reci
pients of their dignity," he
said, "trapped them into a
dependency that left them
with idle time, less in self
respect and little prospect
of a better future.”
"Now. this is not a white
or black issue it's the basic
human issue of how a free
government should treat
-its-oil wens- of -all- races "
"It's time to try some
thing new." Reagan ex
plained. “like his new pro
gram to establish enter
prise zones that would
encourage job producing
businesses to locate in
economically blighted
areas There are plans for
25 of these zones across the
country."
Reagan praised the
"noble heritage" of the
black clergy in ministering
to the disadvantages anu
suggested that they can
"lead the way" in demon
strating how people should
bee concerned for "
»»oului'i i h be boiler lor
the human spirit for the
soul of this nation to encou
rage people to accept
responsibility to care for
one another rather than
leaving those tasks to paid
bureaucrats?", he asked to
applause
Rev. Battle said the
President and his staff
were very courteous and he
felt honored to have the
opportunity to voice his
concerns. "Whether or not
he heard us." he conclud
ed, "remains to be seen."
Americans Buy
Americans buy at least
by mail each year.
_
r STATEMENT OF CONDITION
NORTH CAROLINA MUTUAL
LIPB INSURANCI COMPANY
A MESSAGE FROM THE PRESIDENT
North Carolina Mutual completed another successful year of operations in 1981. The
year was a turbulent one for the nation's economy with drastic setbacks for the people
and the markets wa traditionally serve. Yet our company continued to make substan
tial gains in some key areas of our operations.
Included among these gains ware the following:
INSURANCE IN FORCE reached $6 58 billion, a $1,004 billion increase /
ASSETS reached $198.7 million, a $7.8 million increase.
NET INVESTMENT INCOME increased $1.4 million, to S12 million.
%
TOTAL INCOME reached $78.8 million, a $5.7 million increase.
Our inwrance subsidiaries also experienced a notable year of growth while the results
of our mass marketing operations exceeded our expectations. We have improved our
markat position and incraasad revenues at our radio stations and expect to realize a profit
from their operations earlier than our initial projections indicated.
The strong stiff of North Carolina Mutual has always been people. The continued
- dedication of our employees and support of our policyowners wiU help ensure a strong,
ecetsfa future for our company in the years ahead. - -
_ ►'resident
DECEMBER 31, 1981
Rraparad from tho Annual Statamant fllad with tha NORTH CAROLINA Stata ln.ur.nca Oapartmant
ASSETS
C«k-S 1,113.528
U. 1 Canadian and
Othif Government- 831,408123
Stata and Municipal- 1,734,117
•Ml rand... 2.575.411'
AiMIt Udlity, U. L
and Canada.._.— 41.511.033
Indaftrial and
MhacHanaaat- 35,251,288 118.558.501
Macla
Common _*"■■■■■ 8,351.884
Mertpape Leant
Ceareatlead--S2i.804.8IS
IwnlSW B—— — giiMW 33,3881181
Rad I data
Repartee ter Company Uto 8 5.822541
Odrer Prepertet- 1484,822 7,578.803
Sdlay Laana--- 4,817,488
lovtrtmeal laaenea Daa and Aecrved 2,854.181
fremlnma in Caorta af CaMacdna_ 21.844,542
Cad Vdaa-WWaa an 0(Heart_ 888.128
Odiar 4ettta- 744,188
TOTAL A8SITS..|18^7I^351
LIABILITIES
Statutory Policy Reserves $133,326,221
Policy Claim LiaMitln. 26.757.068
BTvilendi to Policyowners.4.168.111
Other Policy Liablibet_ 4 6g9
Interact, Rants, and Premium*
Paid in Advene#... 816.101
Tnas and Accrued Expense. 2.603,087
Employs# Benefit Reserve*... 701,685
Mandatary Security Valuation Reserve . 2.313,220
Group Continpency Reserve.. 10,085,805
Other Liabilities ...;. 778,566
TOTAL LIABILITIES.. S182.624.762
' corrmoENcV ittsiiWt *
AND SURPLUS
Reserve far Centinfaney .. S 3,825,456
Am Fluctuation Reeervo. 2,860,006
Unaeripned Barplus- 16,666,866 16.126.486
TOTAL LIABILITIES
ANO SURPLUS-6161786^41
W. J. Kennedy III
President
BOARD OF
DIRECTORS
W J. KENNEDY III
Chairman of tha Board
Rrasidant
Chiaf E *acutiva Officar
Durham. North Carolina
N H BENNETT JR
Consulting Actuary
Ourham. North Carolina
W O BRYSON JR
Baitimora. Maryland
W A CLEMENT. CLU
Ourham, Nunn ClfflliAi
BERT COLLINS
“VSca’MrasidrfAr
Controirar
HENRY E. FRYE
Oraansboro. North Carolina
NATHAN T. GARRETT
Durham. North Carolina
MRS LOUISE K. LAWSON
Chicago. Illinois
MACEO A SLOAN. CLU
Evacutiva Vica Rrasidant
Chiaf Oparatm^ Officar
Durham, NoMh Carolina
n wat r** vrmv
Sanior Vica Rrasidant
Madical Dirac tor
Durham. North Carolina
ELMER YOUNG JR
Philadatphia. Pannsylvama
HONORARY
J. W. QOODLOE
Durham, North Carolina
W J KENNEDY JR
Our ham. North Carolina
ALFRED M Pf LH AM
Detroit Michigan
ASA T SPAULOlNa —
Durham. North Carolina
C C SPAULDING JR
Durham, North Carolina
MRS V Q TURNER
Durham, North Carolina
A. W WILLIAMS
Chicago, iliino*
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