Newspapers / The Enterprise (Williamston, N.C.) / Jan. 28, 1941, edition 1 / Page 5
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Insurance Company Has Greatest Year The Security Life and Trust Com pany, experiencing the greatest bus iness year in its entire history, push ed its insurance in force to a new all-time high of over 63 million dol lars. an increase of nearly 14 per cent, it was announced by Messrs. Leslie Fowden and J. Paul Simpson following a report received from the home office of the company. Mr. Simpson received warm congratula tions from the company manage ment for his outstanding part in making this record possible. Reports made by executives and department heads showed that ev ery department has enjoyed a sub stantial gain. Assets of the company increased over 12 per cent, which was the largest gain recorded for any year in the company's history. The net income increased by 11 per cent to almost two million dol lars annually, and the surplus pro tection to policyholders showed very substantial increases. The agency department reported a gain in 1940 of over 24 per cent in now paid for business and reached a new high for any dne year New agencies were established in North Carolina South Carolina. Georgia. Florida, Alabama and Tennessee, in line with the company's expansion program. The mortality record of the company, while the most favorable ever reported in its history, brought out the significant fact that although deaths from diseases were reduced, deaths from accidents showed a sub stantial increase. The entire board of directors was re-elected and re ceived an expression of great appre ciation from the stockholders for the excellent progress the company made during the year It was pointed out that in the past five years the company had more than doubled its insurance in force. It is doubtful that any other life in surance company of equal or larger size in the United States or Canada, can match this record. Fertilizer Law Changes Sought Raleigh?Farmers, manufacturers, dealers and agricultural leaders in North Carolina will discuss "far reaching proposals" of changes in the State's fertilizer law at a meet ing in the board room of the agri cultural building here Wednesday, January 29, at 10 a. m.. D. S. Col trane, assistant to the Commission er of Agriculture, announced to day. "One of the principal suggested changes and one that will affect a large percentage of the farm popu lation is the proposal that the mini mum units of plant food be increas ed from 14 tQ 16 units." Coltrane said. "Research leaders are unani mously in favor of increasing the plant food minimum in fertilizer." He explained that "the confer ence of farmers, farm organizations and others to discuss proposed changes in the law is in keeping with Christian Endeavor Convention Meets The Christian Endeavor Conven tion, formed of the Endeavors of Martin County, met last Saturday, January 25. 1941, in the Williamston Christian Church The morning session began with everyone singing the Doxology. Flor me Clark .of Everett*, led the devo tional. The welcome address was giv en by John L. Goff, Jr., of William ston. Marie Harrison, from the Sweet Home Church, gave the response. "Stepping in tlje Light," was sung by the congregation The president. Garland Bland, summed up the work done by the convention in 1940. "Youth in a Changing World," was the theme of the talk given by Pres ident Howard S. Hilley, of Atlantic Christian College. After singing, "Love Lifted Me," the convention adjourned for lunch. The people spread their lunches together on tables in part of the church. Hot chocolate was served by members of the host church. Every one enjoyed the delicious food. "Savior Like a Shepherd," was sung by everyone at the beginning of the afternoon session. Charlie Harrison, of A.CC, led the after noon devotion. Then, the executive committee gave its reports. The roll was called by the new secretary. Each church answered by giving a small donation for defraying the ex penses of the convention Mr. Jim mie Taylor gave the convention aims for 1941 The introduction of the new offi cers came next. Mr. Goff gave them a challenge to office. They are: suc ceeding Garland Bland as president, j Clayton Revels, of Macedonia; the new office of vice president is filled by Staton Williams. of Everetts;' succeeding Loretta Osborne as sec retary is Polly Bailey, of Everetts; j succeeding William Leggett as treas urer is Marie Harrison, of Sweet Home Church, and succeeding Rev. J. M Perry as adult advisor, is Mr Jimmie Taylor A new office, the corresponding secretary, Is filled by Evelyn Griffin, of Williamston. Then there was a round-table dis cussion of the theme of the conven tion. The convention closed by every one singing "God Be With You." Ev eryone enjoyed the fellowship of the day.?Reported. the State Department of Agricul ture's policy to give all affected groups and agencies an opportunity to make their wishes known to as ssit in revision of the fertilizer stat ute, if necessary " A sub-committee of Senators and Representatives on the agricultur al committees of the General Assem bly will be appointed to "sit in" on the conference. Coltrane said that "no proposal crease in the present fertilizer tax" which is 25 cents per ton. New changes calling for increas ed penalties for shortages in plant foods guaranteed in fertilizers will also be among the important propos als to be discussed. Outlook For Farm Prices This Year As the new year begins, increas ed spending for national defense is helping prices of "domestically con sumed" or American-used farm products. But no improvement in export demand is in sight Producers of cotton, tobacco, wheat and fruits are hard hit by loss of foreign mar kets. For specific products the fol lowing forecast is made: 1. Dairy farmers have good pros pects for production, prices,, and in come this winter. 2. Smaller hog slaughter spells higher prices this winter 3 More lambs on feed this win ter than last; there is a good demand for wool 4 Market supplies of cattle may be larger in 1941 but improved demand for meats is expected to "bring high er prices than in 1940. 5. Cotton is selling somewhat high er supported by government loans and heavy American mill corisump tion. Government loans now total {about 11,000,000 bales of which about 2,500,001) bales are of the 1040 crop. 6. Wheat prices are higher due to reduced commercial supplies. 7. Potatoes and hardy truck crops are low priced because of increasing supply. Early frost in South reduced prospects for fall planted tender STATEMENT OF CONDITION Martin County Building and Loan Association Of Willianisioii, N. C., A? Of December 31 si, 1914). (Copy of sworn statement submitted to insurance commissioner as required by law) A S S E T S The Association Owns: (jtsh on Hand and in Banks 2 8,873.33 State of North (^arolinu and U. S. Government Bonds .'1,000.00 Stock in Federal Home l.oan Bunk 5,600.00 Mortgage Loans 441,556.14) Money loaned to shareholders for the purpose of enabling them to own their homes. Each loan secured by first mort gage on local improved real estate. Shane Loana 8,738.30 AHvanres made tnfnur shareholders against their shares No J loan exceeds 90% of amount actually paid in. 4 Accounts Receivable 1,498.10 Temporary Advances for Insurance, Taxes, Etc. Office Furniture and Fixtures 925.00 Other Assets - 4.851.00 \ TOTAL 2475,042.31 LIABILITIES' The Aasociation Owes: To Shareholders Funds entrusted to our care in the form of payments on shares as follows: Installment Shares 2194,472.80 Full-Paid Shares 150,750.00 345.222.80 Notes Payable, Federal Home l?an Bank 48,625.00 Notes Payable, Other ' 35,500.00 Money borrowed for use in making loans to members, or retiring matured shares. Each note approved by at least two-thirds of entire Board of Directors as required by law. Accounts Payable 328.05 Undivided Profits 29,187.63 Earnings held in trust for distribution to shareholders at maturity of their shares. Reserve for Contingencies 7.000.00 To be used for the payment of any losses, if sustained. This reserve increases the safety and strength of the association. ' Other Liabilities 9,178.83 TOTAL *475.042.31 STATE OF NORTH CAROLINA?COUNtY OF MARTIN Vella Andrews Wynne, Treasurer of the above named Association personally appeared before me this day, and being duly sworn, says that the foregoing state ment is true to the best of her knowledge and belief. VELLA ANDREWS WYNNE, Treasurer. \ Sworn to and subscribed before me, this 27th day of January, 1941 ,, W, C. GRIFFIN, Notary Public. My commission expires 10-12-42. Roosevelt Takes Oath of Office for Third Time Hit hand on the 200-year-old family Bible, Franklin D. Koosevelt is ahown taking the oath of office as President of the United States for the third time, first man in United States history to do so. As in his pre vious inaugurations, the oath of office was administered by Charles Evans Hughes, Chief Justice of the United States, shown at extreme left. At right, wearing uniform of the Marine Corps, is President's son, James. Inauguration took place on spot where, with few exceptions, Presidents have taken oath since time of James Monroe. This Week In Defense Director General Knudsen and As seriate Director Hillman of the Of fice of Production Management stat expanded their output by 23 per cent between May and December, 11140, and that "although we were a little slow in starting in another three months or so we-ought to have something real to show." Both statements were made in ad dresses to the Council of State Gov ernments' annual assembly in Wash ington. At the same time, the OPM Director General praised the re sponse of manufacturers to the de fense program as "one hundred per cent" and said "if we are willing to spend a little sweat for a year pi' so, we may bo able to save a little blood later oil" Mr Knudsen later told a press conference he si ill holds to his esti mate that 33,000 military planes will be built in the United States by July, 1942. He disclosed that air plane prrtrhicfimr-in December estah lished a new record of 799 planes and thai military aircraft engine pro duction totaled 2.400 last month Mr. Knudsen said automobile firms that will participate in the plane program have assured him they would start producing plane parts this year and by the last quar tor of 1941 production in tin* aircraft assembly plants would begin. John D Diggers, Chief ui' the OPM -ProdooHcm- 1)ivision, warned manu facturers m the meantime that the government will riot permit "needed facilities to remain idle" and urged manufacturers .to cooperate prompt ly in a survey of manufacturing space being made by the National Industrial Council. "No plant m the country," Mr Bigger* said, "is so specialized that it cannot be adapted to national de fense needs Typewriter factories are working on machine guns; while t large stove company is making bolts for the Army." Agriculture Head Talks On Prices Since it is expected that Claude Wickard will continue as Secretary irt,|fi i..ilHiin.i u w inu'winn1 to both SoutRern farmers and businessmen ? r. Uih.w >uImI h., Iii.si in mind :m p| our main money crop. The Progress ive Farmer gives the following re port of a statement made by Secre tary Wickard at a recent farmers* meeting at Little Rock, Ark "He expressed the opinion that j 'something has to be done sometime with the cotton we are piling up. Either we grow less, or we must find ways to consume more cotton here at home, or sell more abroad.' "Some folks have taken this to mean that he would advocate a fur ther reduction in the acreage How ever, no such interpretation should be placed on his statement because he followed it by saying that any talk of further acreage reduction is 'just talk' unless we find some way to compensate farmers for their sac rifice. He then mentioned four plans for raising or maintaining cotton prices: (1) price fixing, (2) higher loans, (3) payments sufficient to 'qual parity, and TD incorhe Cer tificates, all of which have been dis cussed in The Progressive Farmer in recent months. None of them re ceived his endorsement but it was evident that he preferred the income Certificate plan. Pointing out objec tions to the other plans, he said: 'Price fixing means regimentation; higher loans make a large export subsidy necessary to hold the export market, while payments necessary to provide par ity are not likely to be provided by Congress.* " vegetables and increased prices sharply. 8. Due to improved demand and di version program, peanut prices about like those of last year in spite of rec ord-breaking harvest ? The Pro gressive Farmer, Timely Message For All Farmers The following thoughtful message to farmers comes from l)r# T B. Hutchesom V.P.I agronomist, who dictated it from a hospital hcd af ter an accident which gave him plen ty of time to ponder .such problems. We reprint it from The Progressive Farmer: "With 17 billion dollars to be spent for national defense, commer cial production during the next yeai will probably be at the highest lev el ever reached in this country. This being the case, it would seem that there should be a sharp demand for all of the agricultural products we produce for home consumption (M course, tin- prospects for good prices 011 cotton and tobacco, which have in the past been controlled by the export market .are not so good "These conditions appear to me to offer a most excellent opportunity for us to really accomplish some ??f those things that we have talked mi much about and done so little in the past. It would now seem to be folly for farmers to even think about ex pnnsion of cotton- and tobacco, we must instead think about planting some of the things that we will need for food and feed. This, of course, means that our livestock must be increased, and can probably be prof itably increased under the present' outlook. People with money in their pockets (as will be the case with our consumers f will probably eat more pork, beef, poultry, eggs., and dairy products than ever before, and this may give us the "opportunity to get these enterprises well started in our farming system before we reach an other low point u/ ou 1 production cycle "In my opinion, good fanning 1111 phe.i?more than simply?pn Kiucmg good crops and selling them on high markets If thrift does not come into the picture, we may find ourselves in desperate straits when conditions change If We are to have relatively good tiiiies on Southern farms for the next four or five years, as I think is likely to he the case, we should take advantage of this period for building up oiir soils, improving'our farm buildings and equipment, and building up. so to speak, a reserve to tide ti ? over when less prosperous times may come. "Of course no one can say just what is going to happen in our ajjfTi cufluiv. but to me the picture is not altogether dark, and I- believe with the lead* 1 ship which exists among our agricultural people, that w-e can face the future with tile assurance that Southern agriculture will con tinue to make progress as it has Ttrrne foi the last twenty years." American egg production 111 No vember was the highest ever re ported for that month with egg prices, reports the U S Agricultur al Marketing Set vice Honor Pupils In Colored School Students whose names appear be low have merited honor roll men tion during the three periods of the present session in the Wiliiamston Colored ScIkjuI. To make this, a student must maintain a **B" aver age during the three periods First grade Roland Latham. Fred -Mm gan. William L^we? Thigpem le la Bagley. Helen Davis. Shirley Da vis, Anna Mae Edwards, and Jessie plune Johnson. Second grade Hezikiah Bell, Vel \<?ra Howard, Fannie Latham and Maisey Williams. , Third grade Prince Lynch. Dora Mae Harrell, Jessie Powell, John Balance. Ricarda Carson, Otis Clark. Ruth I) Hargett. Callie Moran, Jas [ Barnhill. Carl Purvis, Alma Bratley, I Don's Joyju r, Carolyn Saunders and Mary Whitley. Fourth grade Willie M Rodgers. j James Evans. Wheat ley Purvis i Frank Bryant, George W Lee, Car 111< Brown arid Doris Howard Fifth grade: Dons Burch, Agnes Clemmons, Mary Lee Ebron, Edna j Moore. Hattie Scott. Ella H. Wilder [Joseph Cit uunons, Walter Johnson, ttirdotptr Joy her. Joseph us Latham and CaTvTii Morgan Sixth grade Mary Louise Bryant. Seventh grade Clydia R Krnght. Maggie Ruff in. Willie C Rulfm, Del oris Latham. Lola Bryant, Charles M Joyner. Nancy J Ruffm. William J Morgan and Willis Williams. Eighth grade: Mamie Ruth Peelc, Julia Faye Whitley. Jessye Mae Whitley. Janie Slade, Daisy Mcln tyre. William H Mansom and Mary P Hill. Ninth grade Ella Louise Wood. Eleventh grade Alberta Linier, Mary S. Speller and Marine Robe! .am. Honorable mention Arethea Everett Vocational.. Art Cheldon Lamer Robert Peek*. Ulyses C Whitey Vocational Agi iculture David Brown, Frederick Bennett. William Manson. William Willi-. Clinton Jones. Thad Newsome, Willie Got ham. Home Economics Mamie Ruth Peele, Ella Louise Wood. Lucretta Bn>oks, Odessa Keevsy FOR RENT SimtiiI modern apart mi ni- in \llanlir Hotel Itnildin^ for ri'iil. Ural and milrr fiirni-lird. I'rirr rea-mialile. lit'ittly for (MiifMiirv February I si W. II.COIU KM v<;i \t There's A Big Difference In Fertilizers! Tlir Sri'omlm s I'hml I'Oinls* CALCIUM ? summit ? macnksium Arr (,uaranl<-r<l in hxacl Amounts % OHM IS (~Ri>yster FIELD TESTED FERTILIZERS TTh'V Arc KMM'iitinl in A our I'lant Fertilizer. loo. DKMANI) n AND KNOW YOU HAVK THE BEST Peoples Trading Co. WILLIAMSTON ROHKRSONVILLE
The Enterprise (Williamston, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 28, 1941, edition 1
5
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