STATEMENT
QUAKER CITY LIFE INSURANCE COMPANY
Philadelphia 3, Pa.
Condition December 31, 1947, as Shown by Statement Filed.
Amount of Capital paid up in cash S 3UO.OOO.OO
Amount ot Ledger Assets December 31s: of previou.- of
previous year, S2.248.110.34; Increase oi Capital
during year; Total 2,248.110.34
Premium Income. S3.316.909.56; Miscellaneous.
S6.719.592.60; Total 3,402.633.04
Disbursements?To Policyholders, $467.819.87; Mis
cellaneous. S2,396,753.75; Total 2,864,573.62
Business written during year?Number of Policies
174.235; Amount 84.030,143.00
Business in force at end of year?Number of Policies
217,050; Amount 68,497,744.00
? a?.
Assets
Value of Real Estate (less amount of encumbrances) 223.583.70
Mortgage Loans on Real. Estate 325,041.77
Loans made to Policyholders on this Company's Policies
assigned as collateral 5.584.60
Premium notes on Policies in force( of which S is
for first year's premiums) 23.540.00
Net Value of Bonds 1,846,725.34
Net Value of Stocks - 197,592.94
Cash 168,896.35
Interest and Rents due and accrued 16,112.83
Premiums uncollected and deferred 32,229.17
Ail other Assets, as detailed in statement 19,427.67
Total : $2,858,734.37
Less Assets not admitted 37,592.64
Total admitted Assets $ 2,821,141.73
Liabilities
Net Reserve, including Disability Provision 1,485,807.00
Policy Claims 25,772.66
Premiums paid in advance, Accident and Health 60,007.94
Unearned Interest and Rent paid in advance 28,383.51
Estimated Amount payable for Federal, State, and
other Taxes 53,993.00
Amounts due Stockholders * 30,000.00
All other Liabilities, as detailed in statement ^131.308.32
Total amount of all Liabilities, except Capital $ 1,821,272.43
Capital paid up in Cash $300,000.00
Unassigned l'und6 (surplus) $699,869.30 999,869.30
Total Liabilities $ 2,821,141.73
President, Elmer R. Deaver Secretary, George Sutton
Home Office: 1801 Market St., Philadelphia 3. Pa.
Attorney for Service: WILLIAM P. HODGES, Commissioner of
Insurance, Raleigh, N. C.
STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT.
Raleigh, July 6th, 1948.
I, WILLIAM P. HODGES. Commissioner insurance do hereby
certify that the above is a true and correct abstract of the statement of
the Quaker City Life Insurance Company, of Ph.k.dclphia 3. Pa., filed
with this Department, showing the condition of sa.d Company on the
31st day of December. 1947.
Witness my hand and official seal the day and date above written.
WM. P. HODGES, Commissioner of Insurance.
PLAN WEST GERMAN FEDERATION
DELEGATES REPRESENTING the western zones of Germany are shown as
they met in Bonn, Germany, to create a federation of states under Ameri
can and Anglo-French auspices. A constitution has been proposed which
would unite the 46,000,000 people of West Germany, under a unified gov
ernment. In foreground is Konrad Adenauer, president of the Consti
tutional Assembly EeWnd him are delegates (International)
JACKSON
The Levi Mathis family of the
VVilmot section ha\'e done a fine
job in the way of farm and home
improvements during the past few
years. Several acres of pasture
have been cleared off and lime
and phosphat applied, a barn andj
chicken house built, and a new
home constructed. The home sur-1
roundings have been improved i
by setting out shrubbery, but the
thing that Mrs. Mathis is the most
pleased about, is the new can
house which has running water
in it. Mrs.'Mathis made this im-j
provcment to her home from the
-ale of eggs.
Mr. and Mrs. Thad Farmer of '
the Webster section have become
interested in growing a supply of
fruit for home use. Several young
apple trees and quite a few straw
berry plant* have been put out
and are doing fine. It may be that
the Farmers will increase their
strawberry patch in order to have
some to Mil. They can't be beat
.'or a cash crop where a family
has suitable ground for growing
this srrull tiruit.
Eulas Coggins on Mill Creek
certainly has had success with lad
ino clover and orchard grass in
.lis pasture. He is also using it for
nay and l.ke* it. I won't say here
the number of cattle his small
pasture it carrying per acre, but
it you hare a chance, go by and
see for youraelf. A remarkable job
of land improvement has been done
by Mr. Coggins and his family.
Poor land has been made produc
Your Futuramic Mechanic invites you to
bring in your car for the best of care!
Meet the men who can do the most for your car! Drive in and see Oldsmobile's
"Futuramic Mechanics." Then you'll know why Oldsmobile is the pacesetter in
eervice . . . just as the spectacular Futuramic Old*mobile is pacing the passenger car
field, For here are factory-trained mechanics . . . thoroughly skilled in their jobs . ,.
men who fit in well with the "look-to-the-future" reputation of the entire Oldsmobile
organization. No wonder we call them "Futuramic Mechanics." They work with
the finest modern maintenance equipment. Genuine Oldsmobile parts arc avail
able. And you con be certain that your job will be done on time . . . according to
factory specification. So for any kind of service on any make of car... anything from oil
change to overhaul... drive in today and meet Oldsmobile's "Futuramic Mechanics."
CHECK THIS AU-ROUND
SERVICE LINE-UP:
ENGINE: Our complete "Tune-Up"
will restore that "song ef power."
LUBRICATION: We'll check your oil...
change it ifnecessary . . . lubricate
your chassis thoroughly.
COOLING SYSHM: Drain and flush
radiator . . . check all connections.
BRAKES: Adjust and reline if neces
sary . . . check all safety features.
VALVES: If they need grinding, our
scientific inspection will show it.
STEERING: Check wheel alignment. ?;
adjust to factory specifications.
APPEARANCE: Wash and polish . . ;
clean chrome . , . touch up paint.
tour OLDS M O B I L E ,,M"
ALLISON MOTOR COMPANY
MAIN STREET Sylva, N. C.
TuntU| Bmtff J. Tatfm, Mutual V?wrk, Utmdaw md Friday ,
tive by using lime ana phosphate
and keeping a cover crop on the
ground. If you are discouraged
with farming, go by and talk with
Mr. Coggins and I'll guarantee you
to see farming differently. Lyman
Stewart said, "This man Coggins
appeals to me as a farmer."
Uae Herald want ads for reaulta
Employment Commission
The Employment Security Com
mission will be at the Courthouse
on the second and fourth Mondays
of each month, for the purpose of
taking claims for unemployment
ftorr^pen ^tion and readjustment
allowances.
Hours: 10 a.m. to 2 p.m. in the
Court room.
Save Up To 50 per ct.
AT
* Western Auto
Associate Store
are
INSTALL ONE OF OUR MANY. TYPE COAL OR WOOD HEATERS
OR STOVES AND BE PREPARED FOR THE COOL MORNING
THAT ARE AHEAD . . .
Prices are reasonable on all types?Terms if wanted.
AUTOMATIC OIL HEATER
For Clean Heating with Little
Trouble.
TORRID AIRE
The best Coal Heater on the
[Market ? Keeps Fire continu
ously?Saves Fuel.
? Laundry Heaters All Types Cook
ROWL TYPE And Hot Water Stoves and Ranges
COAL HEATER Jacks for Wood and Coal
V
Save Fuel With This
AUTOMATIC WOOD BURNER
Have a Warm House 24-Hours
A Day with this Warm Morning
Type Coal Heater.
' r
WOOD HEATER
For Small Home or Shop
Coal Type
Heater For Open Front Grate
Small Rooms Type Coal Heater
mm FURNITURE COMPANY
Phone 57 Sylva, N. C.