AMERICAN RE-INSURANCE COMPANY 242 South 13th St., Philadelphia, Pa. AMERICA'S FIRST AND ONLY STRICTLY RE-INSURANCE COMPANY Surplus to Treaty-Holders, $1,408,249.91 Assets Bonds and Stock $3,275,583.75 Mortgage Loans on Real Estate 50,000.00 Home Office Property 42,500.00 Cash : 119,342.23 Premiums not over 90 days 63,248.25 Accrued Interest on Bonds 29,74532 Total $3,580,419.55 Liabilities Legal Loss Reserve $1,371,713.29 Reserve for Claims 131,880.43 Unearned Premium Reserve 408,582.92 Reserve for Taxes and Re-Insurance 60,000.00 Voluntary Catastrophe Reserve 200,000.00 Capital Stock 750,000.00 Surplus 658,242.91 Total $3,580,419.55 HARRY BOULTON, President C. M. HANSEN, Vice-President H. B. SWOOPE, Vice-President W. B. ATHEY, Secretary O. H. IRWIN, Treasurer XE xTnrn In none of the models of the Single Six Series is the com manding beauty of this Packard more outstand ing than in the Sedan Limousine. he Packard Single'Six is deliber ately designed and built to prove a far better and a more saving investment, in the long run, than if its first cost were $1000 less. PINEHURST GARAGE Moore County Distributors PAC KARJD Have you tried the Burke "30"? THROVE for yourself that thecjual ity of this ball, its endurance, and its perfect behavior on fairway and green is just what you have been looking for. ? i , ',' , Give the Burke roV a fair test and , we know you will Eliminate unheces- 1 1 . " . : sary strokes fromjybur score." . '. ' . ? ; On sate where po?tmg goodj pre sold, ' - j I i Wis ,V f' C V., V- r .. i- prize r ! J -i