Friday, April 1, 1927
THE PILOT
Page ^
PINE NEEDLES
AFFAIRS MOVING.
(Continued from page 1)
nection, for there Robin Hood, the
famous archer, made his reputation,
and always Sherwood will be inter-
annually, and this with the increase
in values of the land that will be re
tained by the Pine Needles corpora
tion will permit the expectation of a
profitable venture. It is believed that
the ultimate value of the lots given
with the preferred stock will repre
sent nearly or all of the purchase
price of the stock, or be worth enough
that the stock will be velvet, and its
earnings a gilt-edged income.
The stockholders at Roaring Gap,
which is under Pinehurst manage
ment, find the scheme whereby the
property up there was developed, a
highly satisfactory one, and the be
lief is that at Pine Needles, with a
much broader patronage to look for,
it will be even more successful. The
officers of the Pine Needles corpora
tion are Pinehurst officials, and in
formation as to the proposition can
be procured there, or from Edwin Mc-
Keithan, who is looking after affairs
in connection with the real estate.
ANOTHER BUILDING AT
PINE NEEDLES.
To make things all the more lively
at Pine Needles the next thing will
be the completion of plans for the
boiler plant and the quarters for the
employes. Blue prints showing a
building 30x60 feet, and four stories
high are now in Mr. Pender’s office at
Pinehurst, and are about ready for
estimates on the job. In addition to
housing the boiler and mechanical
department provision will be made
for 40 sleeping rooms for the em
ployes, and the building will be ready
for use by the time the main wing
of the hotel is finished.
This item will for the present be
segregated from the part of the ho
tel to be built this summer, but is a
part of the general plan, and when
further construction is undertaken
the two buildings will be united un
der the general scheme of which they
are both units. This building will
stand north of the north-east end of
the main wing to be built this sum
mer, and ultimately a connection will
unite them, and in the connection will
be the big dining room and other fea
tures.
SERIOUS DAMAGE
OF BOLL WEEVIL.
(Continued from page 1)
cages daily during spring and find
out what percentage of the weevils
passed the winter alive. Their cage
conditions furnish a fair index as to
what percentage of weevils pull
through the winter, and on the basis
of the winter survival, they are able
to forecast light, medium or serious
injury by the weevils to the cotton
late in summer. Of course the weath
er during summer also plays an im
portant part in determining the
amount of probable damage. A hot
and dry summer would offset heavy
damage even if the winter survival
were good, says Leiby.
It looks now as if the winter was
not hard on the boll weevils, and that
more have lived through it than any
winter since 1922. It was in the sum
mer of 1923 that the State had its
first severe weevil injury, and the
season 1927 may see a repetition of
that injury, especially if the summer
should be moderately wet and not too
hot.
BUYS FULL CAR
WOOD FOR BOWS.
(Continued from page 1)
such as have been used for the man
ufacture of bows and arrows by va
rious people throughout the world.
The program proposed may be a
lengthy one, as some of the trees
^ay be hard to procure, but the more
common ones will be planted rapidly.
Among the number are cedar, black
walnut, mulberry, rowan, (the so-
called ash of olden times, but not re
lated to our ash which makes poor
bows), hickory, osage orange, locust,
fir, hemlock, juniper* wych elm, dog
wood yew, and besides these several
arrow woods that will probably be
planted as well. These include white
Wrch, holly, Douglas fir. West Coast
hemlock, and above all, Scots Pine,
from which the famous red deal of
England comes, and from which they
make all of the best arrows.
The scheme also includes securing
from Sherwood forest in England
some of the smjall oaks and yew
trees to plant for the historic con-
estmg to archers
The success of archery at Pinehurst
has been remarkable, and the factory
has gained popularity from the start.
The novelty of the institution appeals
to everybody. The archery property
is interesting from any view point,
but when it is planted to the various
kinds of trees that Mr. Rounsevelle
is selecting this will add still more
to the features that are making it
one of the show places along the
Mid-land road and of the Sandhill
neighborhood. ^
REMARKABLE JOB
OF STONE WORK.
(Continued from page 1)
such as to harmonize with the whole
construction.
Mr. Merrill and his builders have
done a wonderful job in exhibiting
the Moore county stone in this con
struction. With the fine results that
this piece of construction shows it
would be a shame if this stone should
not be called on to supply unlimited
building. This and the Newcomb and
Pushee building are in this respect
the two outstanding jobs of building
in the county for the winter.
Mr. Punk Adviser says use the
cheapest fertilizer you can buy for
the tobacco crop this year.
Tom Tarheel says the calves that
he sells from his dairy herd bring
him a good income each year.
i There are now approximately
i 200,000 acres of second-growth long
leaf pine in North Carolina ready for
working in turpentine operations.
ny oil comji^a-
ny would be §
proud to turn
out a product
of the uniform
excellence of
STANDARD"
GASOLINE
STATEMENT
Century Insurance Company, Edinburgh, Scotland.
Condition December 31, 1926, as Shown by Statement Filed
Amount of Capital paid in cash Deposit Capital $ 400,000.00
Amount Ledger Assets Dec. 31st previous year, $2,049,382.92;
Total 2,049,382.92
Income—From Policy holders, $1,561,096.61; Miscellaneous,
$98,956.87; Total - 1,660,053.48
Disbursements—To Policyholders, $819,823.00; Miscellaneous,
$606,373.96; Total 1,426,196.90
Fire Risks—Written or renewed during year, $238,421,116, In
force 105,083,522.00
All Other Risks—Written or renewed during year, $116,040,-;
443, In force 49,942,555.00
ASSETS
Mortgage Loans on Real Estate 71,500.00
Value of Bonds and Stocks - 1,767,389.79
Deposited in Trust Companies and Banks on interest 145,952.88
Agents’ balances, representing business written subsequent to
to October 1, 1926 - - 292,767.17
Agents’ balances, representing business written prior to Octo
ber 1, 1926 5,529.66
Interest and Rents due and accrued 25,445.23
All other Assets, as detailed in statement 71,985.48
Total 2^^380,570.21
Less Assets not admitted 5,529.66
Total admitted Assets 2,375,040.55
LIABILITIES
Net amount of unpaid losses and claims 256,739.38
Unearned premiums — 926,787.58
Salaries, rents, expenses, bills, accounts, fees etc., due or ac
crued —*«■ 500.00
Estimated amount payable for Federal, State, county and
munipal taxes due or accrued - - 58,300.00
Contingent commissions, or other charges due or accrued 10,000.00
All other liabilities, as Jstailed in statement 3,000.00
Total amount of all Liabilities except Capital 1,255,326.96
Capital actually paid up in cash -$400,0(m.W
Surplus over all liabilities $719,713.59
Surplus as regards Policyholders 1,119,713.59
Total Liabilities
BUSINESS IN NORTH CAROLINA DURING 1926
Fire Risks written, $466,031; Premiums received, 5,957.59
Losses incurred—Fire, $2,847.33; Paid - 2,157.48
Manager, Henry W. Brennon & Co.
U. S. Home Office, 119 William St., New York City.
* Attorney for service: STACEY W. WADE, Insurance Commissioner,
Raleigh, N- C. « , ^ u xt
Manager for North Carolina,'H R. Bush, Greensboro, N. C.
STATE OF iJORTH CAROLINA,
INSURANCE DEPARTMENT,
Raleigh, March 9th, 1927.
I, STACEY W. WADE, Insurance Commissioner, do hereby cer^y
that the above is a true and correct abstract of the statement of ^e
Century Insurance (Company, of Edinburgh, Scotland, med vwth this
Department, showing the condition of said Company, on the 31st day of
Deceml^r, 1926. . , , ,
Witness my hand and official seal, the day
VrvJCi jL m jnLXyJujy
Insurance Commissioner.
STATEMENT
Bankers & Shippers Insurance Company, New York City. *
Condition December 31, 1926, as Shown by Statement Filed
Amount of Capital paid in cash - $ 1,000,000.00
Amount Ledger Assets Dec. 31st previous year, $5,288,593.19;
Total ^ 5,288,59S.ld
Income—From Policyholders, $3,739,206.44; Miscellaneous,
$305,788.93; Total 4,044,995.87
Disbursements—^To Policyholders, $2,108312.43;.. Miscella
neous, $2,140,403.48; Total 4,249,215.91
Fire Risks—Writtien or renewed during year, $463,779,564;
in force 345,961,822.00
All Other Risks—Written or renewed during year, $309,962,-
280, In force 167,063,749.00
ASSETS
Value of Bonds and Stocks 4,035,130.51
Deposited in Trust Companies and Banks on interest 404,980.88
Agents’ balances, representing business written subsequent
to October 1, 1926 630,683.37
Agents’ balances, representing business written prior to Oc-
tober 1, 1926 13,577.94
Interest and Rents due and accrued 55,029.37
All other Assets, as detaileid in statement 243,579.74
Total 5,382,981.76
Less Assets not admitted 13,577.94
Total admitted Assets 5,369,403.82
LIABILITIES
Net amount of unpaid losses and claims 646,829.85
Unearned premiums 2,547,079.92
Estimated amount payable for Federal, State, county and
municipal taxes due or accrtied 60,000.00
All other liabilities, as detailed in statement 5,000.00
Total amount of all Liabilities except Capital 3,258,909.77
Capital actually paid up in cash $1,000,000.00
Surplus oveir all liabilities 1,110,494.05
Surplus as regards Policyholders 2,110,494.05
Total Liabilities 5,369,408.82
BUSINESS IN NORTH CAROLINA DURING 1926
Fire Risks written, $5,520,139; Premiums received, 55,034.04
All other Risks written, $2,386,393; Premiums received 16,102.04
Losses incured—Fire, $13,685.36; Paid 13,210.02
Losses incurred—All other, $7,058.61; Paid 9,008.97
President, C. V. Weserole; Secretary, R. Cholmelex Jones.
Home Office, 95 Maiden Lane, New York City.
service: STACEY W. WADE, Insurance Commissioner,
Raleigh, N. C.
Manager for North Carolina: Home Office.
STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT,
orrAi-n^ixr TTr Trr * Raleigh, March 9th, 1927.
V . * Insurance Commissioner, do hereby certi:^
that the above is a true and correct abstract of the statement of the
BankeJrs and Shippers Insurance Company, of New York City filed with this
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
Camden Fire Insuiiance Company, Camden, N. J.
Condition December 31, 1926, as Shown by Statement Filed
Amount of Capital paid in cash $ 2,000,000.00
Amount Ledger Assets Dec. 31 previous year, $9,;609,520.61;
, Total : 9,609,520.61
Income—From Policyholders, $5,285,315.84; Micellaneous,
$846,149.51; Total 6,131,465.35
Disbursements—To Policyholders, $2,927,841.51; Miscellane
ous, $2,786,355.05; Total 5,714,196.56
Fire Risks—Written or renewed during year, $794,510^98;
In force, 920,376,372.00
All Other Risks—Written or renewed during year, $192,-
455,768; In force 248,413,268.00
ASSETS
Value of Real Estate $ 225,000.00
Mortgage Loans on Real Estate 1,438,142.50
Value of Bonds and Stocks 7,213311.31
Cash in Company’s Office 7,998.27
Deposited in Trust Companies and Banks on interest 404,145.27
Agents’ balance®, representing written subseauent to Oc
tober 1, 1926 684,109.68
Agents’ balances, representing business written prior to Oc
tober 1, 1926 9,601.58
Bills receivable, taken for fire risks 35,148.39
Interest and Rents due and accrued 90.893,92
All other Assets, as detailed in statement "... 775,264.^
Total $ 10,883,615.18
Less Assets not admitted 17,146.48
Total admitted Assets $ 10,866,468.70
LIABILITIES
Net amount of unpaid losses and claims 941,402.00
Unearned premiums 5,154,038.10
Salaries, rents, expenses, bills, accounts, fees, etc., due or
accrued 1,000.00
Estimated amount payable for Federal, State, county and
municipal taxes due or accrued 150,000.00
Contingent commissions, or other charges due or accrued.... 20,000.00
All other liabilities, as detailed in statement 52339.00
Total amount of all Liabilities except Capital $ 6,319,279.10
Capital actually paid up in cash $2,000,000.00
Surplus over all liabilities 2,547,189.60
Surplus as regards Policyholders $ 4,547,189.60
Total Liabilities $ 10,866,468.70
BUSINESS IN NORTH CAROLINA DURING 1926
Fire Risks written, $3,094,870; Premiums received, 32,423.52
All other Risks written, $303,664; Premiums received, 1,789.11
Losses incurred—Fire, $14,935.50; Paid, 12,865.13
Losses incurred—All other, $489.30; Paid, 460.70
President, Jas. L. Truscott; Secretary, Barry Truscott.
Home Office, 434 Federal Street, Camden, N. J.
Attorney for service: STACEY W. WADE, Insurance Commissioner,
Raleigh, N. C.
Manager for North Carolina: Louis E. English, Richmond, Va.
STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT,
Raleigh. Feb. 28, 1927.
I, STACEY W. WADE, Insurance Commissioner, do hereby certify
that the above is a true and correct abstract of the statement of the
Camden Fire Inslirance Company, of Camden, N. J., filed with this Depart
ment, showing the condition of said Company, on tihe 31st day of Dum
ber, 1926.
Witness my hand and official seal, the day and year above written.
STACEY W. WADH,
Insurance Commissi««er