THE ENTERPRISE
Published Every Tuesday and Friday by the
ENTERPRISE PUBLISHING COMPANY
Williamston, North Carolina '
- - —■' i
W. C. Manning Editor ,
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ENGLAND'S FIGHT BETWEEN
CAPITAL AM) LABOR
England is now under the cloud of
a great labor and capital tight, such
as it has never faced before, accord
ing to news reports, the extent of
which no one can tell, and all nations
seem to fear.
The British government has for
many centuries been run so smoothly
that there were few troubles within
or without. l!ut a new day seems to
have dawned. The world fever has
spread until all the people apparently
think in world terms rather than .in
the term of Old England alone.
A general breakdown in Great ltrit
tain, and even civil war, could not
affect the business of the world to the
same extent that it vyould have done
years ago, when England the
world's financial head, and the Eng
lish pound sterling was the measure
of the values of the world, now that
the financial center has been changed
to America and our dollar has super
seded air other national standards.
Yet the English trouble will to some
extent shake the business affairs of
the Whole world. Tlint country is tied
up in a business way with every na
tion and every island of the seas.
but the greatest danger may come
from a sympathetic striki. through
out the world. If such should be the
case, then great suffering would fol
low,, since it would place capital and
machines on the one side and labor—
the'human body—on the other. Of
course, the machinery, if. it-was all
shut down •» long period,
wpuhi do nothing but rust; but if la
bor shuts down it soon starves. Then
acts of violence may occur.
From the outside outlook mistakes
are being made on both sides.
Premier Kaldwin claims that the
strikers are attempting to break down
the government, while labor claims »t
is demanding nothing further than
fair play,
THE NINETY PER CENT AND THE
TEN I'EK CENT
If we are suffering as a people
from the effects of unbalanced gov
ernment or unbalanced business, as
most people believe, it should inter
est the people to know the cause, and
still it should be of greater interest
to them to know what the result will
finally be. . '
Hon. John G. Dawson, chairman of
the Democratic Executive Committee
of North Carolina, said in a recent
speech that "mergers and combina
tions of brains and money are vital
to American civilization.^
It may be that the figures given
by Mr. Dawson will shed some light
on the seat of the trouble.
He says that "90 per cent of Ameri
Notice To Water & Light Customers
I wish to thank the light and water customers of Williamston for the splendid co
operation they have given me in paying their light and water bills. The passing of
r 1 -this month will conclude our first twelve months as commissioners of Williamston, and
we urge that you pay your bills on or before the 15th of May, as I wish to complete my
books by the first of June. - _ - .
W. T. Meadows, Treasurer of Williamston
_
■
can products are produced by enrpor
tions.
ations. Yet not more than 5 per cent
f " "7" . -■ -f
of the people hold stock in eorpora-
This means nothing more than thnt
5 per cent of the folks are not only
making the goods Hut ulso fixing the
price on them. The worker in the
factory, the mill, or the field has noth
ing to do with naming the price, be
cause the price is strictly an office
product. Neither the man who makes
1 the article nor the man who buys it
1 makes the price. The corporation
head does that.
1 If you are in doubt about who
names the price, go to your retail
' merchant, buy a sewing machine, a
• tobacco transplanter, a pitchfork, a
* plow bolt, or anything else that you
' wish. The merchant • makes the price
1 because the price was made to him
by the wholesaler, because the price
' was made to him by the broker, be
• cause the price was made to him by
' the officers at the factory. The pro
• cess of price fixing is fan-shaped, A
few folks at the handle make the
' prices, which, like the fan, spread out
; to a large consuming public, bringing
I in a little profit here and there from
the millions, but when piled dmwn in
the corporation coffers it means great
5 wealth. As an evidence of this, look
' at the railroads, the motor-car manu
e facturers, the fertilizer folks, the
" power people—all getting ricli, by
1 leaps and bounds. That is to say, the
" 10 per cent are outstripping the wind
f in wealth gathering, while the per
I cent are gaining slowly, if indeed they
» are gaining at all.
The same thing applies in England.
1 The few get the profits while the
many do the work. The present strike
* is because the producing corporations,
which not only fix the price of the
L ' manufactured article but the wages
1 of the hireling who makes it, have
' run the prices of the manufactured
1 product up and the price of the wage
down. This is a fine thing for the
corporation and its few stockholders.
* It means two profits, one at the sow
ing and the other at the reaping. The
» same thing is being done in America
. every day. . The income of the tiller
j and the toiler is growing smaller and
. shorter every day, just as the burn-
I nig candle grows shorter,
b Of course, hunger and rags outrage
I a man, and he becomes a striker, just
un ordinary protester against terms
' and conditions is what most strikers
■ are; yet they may become civil revo
lutionists and be called bad citizens,
when the whole trouble come*.from
' the fact that 90 per cent of the folks, I
according to Mr. Dawson, are domi
nated by 10 per cent of the fortes;
that is to say, that our nation's busi
ness has become so unbalanced tltal
one man is bossing nine throughout I
our country. 4
If his figures arc true, we need not
expect any improvement ih conditions.
The trend of the corporation is to
make larger rather than smaller
profits. It is the anim&l nature, for
us the stomach or mari grows the ap
petite grows stronger.
The public-service corporations
| have run to the government and said,
"Governors, don't let us make too
much." This applies to railroad, wa
ter power and telephone companies.
Of course, it is a fine thing to be
governed, providing you can rule the
governors.
It would be very good reading if
Mr. Dawson would tell us just how
many of the 170 members of the next
General Assembly will be hirelings of
the corporations. The marvelous pow
er of money and the willingness of the
average man to get hold of it has
pretty nearly defiled the manhood of
America, and men everywhere are
tumbling over each other that they
may get it in their clutches. For this
reason it has been quite easy to form
a kind of partnership between corpor
ations and politicians.
The corporations—that Ir, the 10
per cent of the folks—have employed
a bunch fellows scattered
throughout the State and nation whose
business it is to become politicians.
If it were not for the serious menace
to the civilization of our country it
would be a laughable thing to see tRe
corporation attorneys in our own Gen
eral Assembly. They are good fel
lows; they will do all they can for
the people, but they are not going to
bite the hand that feeds them.
WHY
firestone
TIRE DEALERS
Serve You Better
We represent one of the world's largest and most
efficient tire makers Firestone.
We sell piuJ servke the most economical tires made--
Fh en tone Cum-Dipped Cords—the only tires on the
market with every fiber of every cord saturated and
insulated with rubber. These famous tires have given
- and are giving unheard of mileage on the largest
taxicab, bus and truck fleets in the world. They are
also giving unheard-of mileage to hundreds of
thousands of car owners.
j We offer you our facilities and experience in aligning
your wheels, mounting your tires, checking them for
air pressure, inspecting them and making repairs when
! necessary by the latest Firestone methods of repairing,
thus enabling you to get full mileage from your tires.
Equip your car with these wonderful Gum-Dipped
p tires. WE WILL TAKE YOUR OLD TIRES IN TRADE,
giving you a liberal allowance for unused mileage,
We Also Sell and Service OLDFIELD TIRES
AT TMCSK LOW PRICKS I
HIGH PRESSURE CORDS OVER-SIZE BALLOONS
30x3)i Regular G1 .$19.25 4 41/11 00*4 40) l4 ax
30x3Extra Site a 11.4* »>«••»
iOiiy( Extra Siz S.S 14.00 4.75/3* (20x4.75) 14.75
| | 52*2 « W/21 MX4.75) 17.54
1:1:»*«»«>
33x4>S.S 34.75 (31*3.25) 31.W
35«S S.S 31.5# 6.00/20 (32x6.00) 39.15
Mad* In th« great Flreatona factorlaaat Akron and carry th« standard tlx* fuaranta*.
Williamson Motor Co.
Williamston, North Carolina
' A* .
■MHHBBBaBBSBHBBB:;
——————————a—aa—«—■—m
THE ENTERPRISE—WILLIAMSTON, N. C.
According to the figures—
the above short line represents the
people that produce 90 ner cent-of the
country's goods, which is represented
by the long line; and the short line
also fixes the price of labor and prod
ucts of the people, represented by the
long line.
This shows how much things are
unbalanced 1 , and conditions are grow
ing worse steadily.
-
: STATEMENT j
Transcontinental Insurance Co., New York City
Condition December 31,1925, as shown by statement filed
Amount of capital paid in cash $ 300,000.00
Amount ledger assets, Dec. 31 previous year 980,803.52
Income—from policyholders, $33,319.69; miscellaneous, $14,-
749.93; total 48,069.62
Disbursements —to policy holders, $128.52; miscellaneous $15,-
142.21; total 15,265.73
' Fire risks written or renewed during year $1,270,960; in force— 1,238,960.01'
All other risks written or renewed during year $1,601,767; in
force - 1,598,407.00
! ASSETS
. Value of bonds and stocks 923,993.50
Deposited in trust companies and banks on interest 70.288.48
' Agents' balances, representing business written subsequent to
October 1, 1925 1 19,325.43
' Interest and rents due and accrued _ s, : 12,566.02
All other assets, as detailed in statement : 2.998.00
, Total admitted assets $ 1,029171.43
' * LIABILITIES
Net amount of unpaid losses and- claims $ 2,011.00
Unearned premiums I 28,639.04
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 200J)0
Estimated amount payable for Federal State, County and mu
( nicipal taxes due or accrued - ... 700.00
All other liabilities, as detailed in statement 175,100.00
I ' '
Total amount of all liabilities except capital f 206,650.04
I Capital actually paid up i ncash $300,000.00
Surplus over all liabilities 522,521.39
Surplus as regards policyholders . 822,521.3*)
> Total liabilities $ 1,029,171.43
President: H. A. Smith; secretary, S. T. Maxwell; treasurer: F. B. Seymour,
1 Home office: 123 William Street, New York City.
, Attorney for service: Stacey W. Wade, Insurance Commissioner, Raleigh, N.C
Manager for North Carolina: Home office.
. (Seal) STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT,
Raleigh, March 12th, 1926.
I, STACEY W. WADE, Insurance Commissioner, do hereby certify that the
above is a true and correct abstract of the statement of the Transcontinetal
, Insurance Co., of New York City, filed with this department, showing the
condition of said company on the 31st day of December, 1925.
STACEY W. WADE, Insurance Commissioner.
WANTS
p
NICE JERSEY COW AND YOUNG
calf fo» sale cheap. Geo. H. Mi
zelle, Jamesville. ABO 4t
SOY BEANS FOR SALE AT 1.50
per bushel. Geo. W. Griffin, route
1, Williamston. ' • m 4 3t
I HAVE TO OFFER NEW CROP
mammoth yellow soy beans for sale
at $1.60 per bushel, bagged at Ply
mouth. R. W. Johnston. my 4 4t
STATEMENT
The Provident Life A Accident Insurance Co, Quttuwp, Tom.
\ Condition December 81, 1926, as shown by statement filed
' Amount of capital paid up ia cash - .... ■ ■. 1 500,000.00
Amount of ledger assets December Si of previous year, $2^26,-
824.33; increase of capital during year, $200,000.00; total.. 2,426,824.33
j Income—from policyholders $2,649,814.64; miscellaneous, $980,-
768.76; total 3,480.084.30
. Disbursements—to policyholders, $1,146,888.51; miscellaneous,
1 $2,094,726.91; total 3,241,616.42
r . ASSETS
Value of real estate | 886,706.68
e Mortgage loans on real estate 689,784.75
t Loans secured by pledge of bonds, stocks, or other collateral _ 88,700.00
Value of bonds and stock .... 472,700.87
p Cash in company's office 100.00
Deposits in trust companies and banks not on interest 9,674.73
6 Deposits in trust companies and banks on interest 126,120.40
Premiums in course of collection ' 188,284.06
t Interest and rents due and accrued 21,028.49
Bills receivable i. .. 2,71566
; All other assets, as detailed in statement?* 429,676.29
Total ... _.s 2^09,291.42
Less assets not admitted " 68,818.27
Total admitted assets _ $ 2,740,473.16
LIABILITIES
2 Unpaid claims $ 194,496.00
I Unearned premiums , 890,088.29
I Commission, brokerage, and other charges due 29,139.68
U Salaries, rents, expenses, bills, accounts, fees, etc. due or accmed 8,542.31
Estimated amounts for federal, state, county, municipal taxes 44^586.66
0 All other liabilities, as detailed in statement 1,328,671.22
.. Total amount of all liabilities except capital $ 1,990,473.16
a Capital paid up $600,000.00
Surplus over all liabilities : 260,000.00
Surplus as regards policyholders 760,000.00
Total liabilities __l ..$ 2,740,478.16
" President: Robt J. Mackellan; secretary: W. H. Cartinhour; treasurer:
J,. W. Llewellyn.
() Home office: Chattanooga, Tenn.
4 Attorney for service: Stacey W. Wade, Insurance Commissioner, Raleigh, N.C.
„ Manager for North Carolina: Home office.
(Seal) ST ATE OF NORTH CAROLINA.
0 INSURANCE DEPARTMENT,
0 Raleigh, , 192—. •
1, STACEY W. WADE, insurance Commissioner, do hereby certify that the
s above is a true and correct abstract of the statement of the Provident Life
STACEY W. WADE, Insurance Commissioner.
& Accident insurunce Co., of Chattanooga, Tenn., filed with this department,
showing the condition of said company on the 31st day of December, 1925.
'> Witness my hand and official seal, the day and date above written.
r STATEMENT
1 Minneapolis Fire * Msrine Insurance Co, Minneapolis, Mlsa
Condition December 81,1926, as shown by statement filed
Amount of capital paid in cash $ 200,000.00
Amount ledger assets December 31 previous year ..., 782^016.20
Income—miscellaneous 161,799.18
e Disbursements—to policyholders, $2,403.91; miscellaneous, $28,-
J 296.66; total 28,296.66
e Fire risks written or renewed during year $164,079,136; in force
All other risks written or renewed during year, $48,272,082; in
force 44,746,088.00
ASSETS
Mortgage loans on real estate $ 70,660.00
Loans secured by pledge of bonds, stocks, or other collateral 56,000.00
Value of bonds and stocks . ... 425,469.80
Cash in company's office _ 7,700.04
Deposited in trust companies and banks on interest 131.319.47
Agents' balances, representing business written subsequent to
October 1, 1926 196,922.82
Agents' balance, representing business written prior to October
1, 1926 1.386.3S
Bills receivable, taken for fire risks 4,715.88
Interest and rents due and accrued 13,719.90
All other assets, as detailed in statement 43,263.62
Total : j .... | 949 186.32
Less assets not admitted | 3,740.87
Total admitted assets $ 945,896.45
LIABILITIES
1' unds held under reinsurance treaties $ 301,848.84
All other liabilities, as detailed in statement 4,000.00
Total amount of all liabilities except capital $ 805,848.84
Capital actually paid up in cash $200,000.00
Surplus over all liabilities 489,646.61
Surplus as regards policyholders L- 689,646.61
Total liabilities $ 946,895.46
President: Fred C. Van Dusen; secretary-treasurer: Walter C. Leach.
Home office: 430 Oak Grove Street, Minneapolis, Minn.
Attorney for service: Stacey W. Wade, Insurance Commissioner, Raleigh, N.C.
Manager for North Carolina: Home office.
(Seal) STATE OF NORTH CAROUNA,
INSURANCE DEPARTMENT,
Raleigh, Feb. 19th, 1986.
I, STACEY W. WADE, Insurance Commissioner, do hereby certify that the
above is a true and correct abstract of the statement of the Minneapolis Fire
& Marine Insurance Co., of Minneapolis, Minn., filed with this department,
showing the condition of said company on the Slat day of December, 1925.
Witness my hand and official seal, the day and date anove written.
STACEY W. WADE, Insurance Commissioner.
SI AILMENT
Preferred Accident Insurance Company, New York City
Condition December 81, IjZ6, as shown by statement filed
Amount of capital paid up in cash $1,400,000.00
Amount of leager assets December 31st of previous year, ___ 9,882,010.28
Income—from policyholders, $6,161,278.60; miscellaneous, $661,-
689.27; total ; 6,712.867.77
Disbursements—to policyholders, $2,110,602.16; miscellaneous.
$2,729,826.45; total 4,840,827.60
ASSETS
Mortgage loans on real estate t 2.024.400 tM)
Value of bonds and stocks " 61940 410.77
Cash in company's office . ~ , £4 667.24
Deposits in trust companies and banks on interest ZZIZZZ—HZ 238.124.03
Premiums in course of collection 98:^676,16
Interest and rents due and accrued 12408349
Bills receivable " ~ 46,168.04
All other assets, as detailed in statement
Total ------ —510,609,848.28
Less assets not admitted 282,166.61
Total admitted assets $10,377,692.72
LIABILITIES
Unpaid claims __ $ 2,123,208.76
Expense, investigation, and adjustment of claims . 80,474.36
Unearned prenyums 3^681,020.64
Commission, brekerage, and other charges due "■ I 221 £66 02
Salaries, rents, expenses, bills, accounts, fees, etc. due or accrued 7,297.26
Estimated amount for federal, state, county and municipal >"** 176,000.00
All other liabilities, as detailed in statement : 2,021,000.00
Total amount of all liabilities except capital $ 7,209862 04
Capital paid up $1,400,000.00
j Surplus over all liabilities 1,767,880.68
, Surplus as regards policyholders 8,167,880.68
Total liabilities —510,877,692.72
Business ia North Carolina Daring 1926
. ' . Preadnms Rec'd Leases Paid
Accident f 2,788.18 $967.18
" c * Uh „----- 1462.00 760.00
Auto liability 8,726.16 28.00
Liability other than auto 7,70
Burglary and theft ~ yya frfl
Auto property damage I 2,198.64 688.20
Auto collision 67 50
President; Kimball C. At wood; secretary, WilfreiTc. Potter, and vice pres
ident; treasurer: George H. Ackerman.
Home office: 80 Maiden Lane, New York City.
Attorney for service: Stacey W. Wade, Insurance Commissioner, Raleigh, N.C
Manager for North Carolina: Home
BeaL > STATE OF NORTH CAROLINA.
I , INSURANCE DEPARTMENT, ■
I, STACEY W. WADE, Insurance Commissioner, do ttereby certify iw the '
above is a true and correct abstract of the statement of the Preferred Acci-
New York City, filed with Ida department, *how
mg the condition of said company on the 81st day of December, 1926. *1
Witness my hand and official seal, the day and date above written.
STACEY W. WADE, Insurance Commissioner.
Raleigh, Feb. 10th, 1926.