Newspapers / The Daily Advance (Elizabeth … / Dec. 6, 1923, edition 1 / Page 7
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INSURANCE MAKES ENORMOUS G AINS Made as Many Iuv?*s>tiiients in Ten Month- This Year ii? in Entire A car of I'W.'J. Says Eckel-. New York. I)?t? ::iber 6?"In re sponding to (It- ? conoinic of the country this year, American lift- insurance co;:i|?n:i'S iiiad<> as many inv? !>t:n?>nis in ten mouths as in iho entire year ? of 1922." said Vice I'ri**i<!*-nt Frederick H. Ecker of the Metropolitan Life nsurance Company at this afternoon's session of tl??? seventeenth annual c inven tion of the Association of Life In surance Presidents. "\Vh*n we further consider that 1922 Itself broke all records in the amount of Investments made by the companies, we gain some conception of the re markable economic growth of the 1'nited States during the present jrepr." Mr. Ecker presented to the con vention an original survey of the current investment experience <?f 52 American life companies holding 9 4 per cent of the total assets of American life insurance companies added to their investments through out the country approximately $66n. 000.000 during the first ten months of 1923. as against $668,000,000 for the twelve months of 1922. They in?w !mv?* total assets >'of nearly .? >.\??o,0O0.O00. >*ur 1>2'? has been ?i riuonl vvar ?? d? V'-lopnu iu u;id achieve m? lit."' #a:d .Mr. K? M r. "The arts. tli? sehnee-. tin. evoluti ?n of k* nera! nusiiices. the chang s of the luxuries >v.t'r?luy to tlif iv eessiiie* of to iiay. m.iIi all that makes for better living condition*. mark this year a> one of highest ac >M:ii|il>hiiU'nt i:t tin* affairs o; in* it. In tills record miking eta. life in .-tiraiue hus heal -I* own and ill crcaaftl almost beyond the limita lion* of imag.natiou. Its invest* in* nt contribution the present year will he tn?' Krt'aieit yet made by it :n ih? u;?uuild.ng of the nation. Let us contemplate this increase not lroin tlo standpoint of a mere gain in investment funds, indirectly re flectintt iiii- further growth and se curity of life insurance, hut from the singl<* standpoint of national advan tage. "During the first t. n months of this year the companies have added $406.0o<i.ouu to their mortgage Uwn;, distributed throughout every state in the union, as against $303. ooo.oih) during the entire twelve months of 1922. This is fifty mil lion dollars more than the previous hiult record of investment* in this class of securities during the 12 months of 1921. Hear in mind that during the your 1921, the readjust ment of conditions following the sar made unusual demands for loans both in city and country. Our p? o !>'.?? w> re seeking to readjust their u((.iir< to expenditures lor housing and other necessities of life, and to produce food for thems? '.ve* and oili< r-i. Life insurance investments ??tuphasir* d their national chiracier :'i?? n ati l provided t'i?* mean* f ?r <lii?'k"-i r? spwiise. The continued ? i'or:? of the companies to help ::n it the demand'* of the housing sit - iialion. *hich ft ill exists*, is demon sirottii by the ucceleration of loans on city property to the amount of S223.ouu.ono during the first ten months of 1 (J2 I. as compared with $ I .*?.*?,oun.uoo ,n (he entire year 11*2-. At the same time the J1S2. 000.000 increase in farm mortgage* mod** in tlo- first ten months of this y? ;ir is considerably more than the $ M7.000.000 t hat sent to the agricult?ir;i 1 sections duriiiK the en tire year of 1922. The total city mortp'ijie investments of these ~?2 companies, as of October SI. 1923. were $1,629,000,000 :ind their total total farm mortgages were $1.6:16. 000.000. Thus we find the ur-ind total of $::.2U.r?.000.000 of life itvur ance mortgage loans equally divid ed between the urban ami rural communities of the country. "The picture is not complete. StKim railroad securities have at trticied increased investments from lift- insurance companies during the ten months of this year to the amount of $115,000,000, as com pared with $S1,000.000 for thu^en tire year ol l'J22. Tile cami.-ni? j, as of October 31. 1923. held a total of jit?-:*in railroui wiiriilo-. of $1. Sm?6. "!)? ircasi'il iWmatnl f??r |?olicy ltnn* ::i?U-'ut'-4 imi>i??\? :a?m in tlt?* ? eon -Miuiion ??t th- nr? at ma* of it:i!i\i?.?lUyliol?lot*. It Is douiit.til ii rli r. !?.? .1 ac?urate ilenioi.si rat ?o:i oi' na'.wt-il prosperity t!ian taU re.Ian on ?.! tli? ? n<'o-*sity of \Vii?r<* ri l'.?-l tin* iner...- i?o'.:? \ a:i:?Mti,t?-il to the in 1 m-. ,ii 11?J2 was i.nly #7 mm | for th? fir.?t t- :i :i.omits of |!?j:: tit- i!trr?M?* is iniy 000.on?i. l'h>* total amount of loan? to |ui|ii*y|iol,!< rs. ;n of C i.itM'r ::i, li?l!:?. was ulioui $1.1 ID' .mill.0(10." Mr*. N Khan Lehman of Suffolk Is vlMiinn It. r daughter. Mrs. Frank Seliu .it lo r homo on \Ve*t Main stio t PKKSISTKM K \\l? MrrF.ss I am inclined to Itiink lh;il i?<? r-i? i nn- |?lav? (I i??- hi , a (?.*11 ;i< :m> ? in my t-.uh Mirp?"ws j??? i -j^ ? nfi* and a spiri; that mat!*- ni?- r- - aa-"iii;*t a*v?piin% ?!? i?at. 1'miti lit* aiil?>i?ii':;rii|?hv of I . \V. WikiI worth, creator of the flvo and ton ct-pt -lot-. i:i Mi'Clur' M:u;!z!n?> for l> ?*? mi'i'i. 41? ??:*:?? K Wr light i?'turn???| Tu*'S ?!;:> .?? r::i 'l-NVnn, wii* r ? li?? went HEST COLDS ^ m Redden the skin by the use of hot applications. Then massage briskly with Vicks, spread Vicks en thickly and cover with hot flannel cloths. WICKS W VapoRmf* i Ovmr 17 Million Jarm Uttd Yearly > FURNITURE! ?SLIGHTLY ISKI) AT? 1-2 PRICE ?AT TIIK I Auction Store ! | / | | Malllu w- Street j | !?! K. L. Silv?'r|!iorn?\ Slpi'. Unci* of I). M. Junes (.o. | MITCHELL'S The Christmas Store With The Christmas Spirit We are striving to make this store a value giving store, and a store where your shopping n il' be made easy. Our entire sales force have been busy, working days and evenings to put this store in a class by itself, mid you must be the judge of the success of our efforts. Mr. Gilbert spent last week in New York buying special Christmas things and he thinks his purchases most appealing. We are featuring this week Ladies' Dresses?500 of them irom .$10 to $39. We have never offered such values. Ladies' and Children's Coats, Ladies' Hats?all at reduced prices. Make this store your trading place. .: : : : : : : : : : : : : : : Street Dresses, Dinner Dresses, Evening Dresses No such lot of Dresses ever shown at such prices. Some Values up to .$100. LOT NO. 1 LOT NO. 2 LOT NO. LOT NO. I LOT NO. 5 Hrre'R I lie ff nent lot of All Wool l'olret Twill . This Is a fin- lot of aoo.l , Thin lot Is tlm Ixxl lot I'T1"'T. "v"i ?*"?,nibled in ?n<? ?om?. Canton Crepes . serviceable Drw. ? Hon.- kllow what they ?J Orwuw* we have ever {J J *W''J?Jt ?very latest ktyI? ? s. Some . very fine dw.-c? 11 this ,, T.,(lV np<. ... offered at such a price. 1 , . very elaborately embrold- Ss lot. made of Si;., and . g.,r llIwi' iv.'m, Street, Party, Dinner ami ?tn,,!r , . ' ?,w York, ered and they run In *lxen M Polret Twill. T!.?-? an- . .-r i ii w-mf twn' t,r Kvenlnn ??, worth up I hey male only the moit up to 44. They are un- the kind you uhiihIIv pay thorn f vi rv low fo Ywtl wl" " ,,H ,,\riu?lve dreiines, and If renewed values ? Navy, .A 920.00 to $29.00 for ftpc- , , f r,, " they are unusual bargain*. \"u wnnt a $f?0 to $100 llluck and Brown ? jjfj rial price slz< ^ up lo 4# ' ' Come In and see them now dre?w for tlilrty-nlnn dol lars you'll be a lucky one to M'-t It here $10 I $14 $19 $29 n $39 ALL OUR LADIES' and CHILDREN'S COATS REDUCED?Largest Line in Eliz abeth City to select from. 75 I.adles Coats. New- 100 very fine Coats. All 59 real fine Coats. Ride 35 Fine Velour Coats? 25 of the very finest est styles. f.ooil wool styles. This Is a very se- tie effect. They are valued fur trimmed and very nice Coats. Values up to $05. Coats Values to I1S.00 lect lot. Values up to <25 up to $20.50 silk llnlriKs. Value to $50 Priced to clear this lot $11.75 $16.75. $24.50 $39.50 $49.00 MITCHELL'S DEPARTMENT STORE The Christmas Store With the Christmas Spirit
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 6, 1923, edition 1
7
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