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Insurance Executive
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Julian Price, President of Jefferson
Standard Life Insurance Co., of
Greensboro, N. C.
Annual Meeting of
JefTersoit Standard Life
Insurance Compar.
?, ~a- ' ; ?
(irt'cnsbpro. N. C., Ft;b. 11.?"Pres
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* > ent prosperity or our country is largely
due to the tremendous sums of
money being spent by our govern4
tnent on'defense measures," reports
.1 Uliuu Price, re-elected president of
the Jeffeson Standard Life Insurance
Company. _
In his annual statement to stock.
holders hero recently, President
Price admonished that "while we
can reasonably expect prosperity in
this country for the next few years
whether the-war continues or wheth
er It comes .to an early end, we must
prepare for the future by. cotUlulng
to bttild on a safe,, sound and con- ( j
scryalive basis." . * ', i
. _ The oekholdcrs iand jljrectors
meetings were held recently on the
14th flooj: of lire Home Office buhtiing
with Col. William A Blair of
Winston-Salem aetiiig as chairman
for the re-election of all officers. The
only change made in the official
staff was the naming of Dr. W. M.
Jones, assistant medical director, ti
the. full directorship in succession ,
to the into Dr. J. T. J. Battle.' wnc j
died Sept. 29.' 1940.
In addition to the declaration of
the regular dividend of 75 cents
share on stock (pavable January 31
to stockholders of reoom on Janu-"1
ary 27.? the directors, following last
years proceduce, declared a five per ;
cent bonus on the earnings of an
home offce and branch office em
ployees.
MILLION A WEEK
"From the standpoint of earnings
and progress." Mr. Price stated In
his annual report, "the year 1940
has been as satisfactory as the yeai1939.
When we experienced an out
standing year." One evidence of
that is the $51,000,009 worth of new
we insurance snips mane nuring
the year, an average of almost $1'.*
000.000 a week, with a morta'lty m
tion described as "very satisfactory, j
'(During' 1910." Mr. Price further
reviewed, "our assets increased <7,"
264,000 and now stand at $94,764,607
The unassigned surplus and contingency
funds Increased to .$4,730,000,
making a total of $6,730,000 In the
capital, unassigned surplus and con*
tlngency funds." -*. ;.l
The JefTerson Standard continued
to maintain Its leadership tn the interest
earning field among life insurance
companies by earning S.ll
per cent on invested assets during
the year.
During the year lust ended the
company paid policyholders and ben
eflclarles a total of $6,700,000, bring
Ing to more than $118,000,000 the total
amount paid out by the company
In policy benefits since its organise
tlon in 1907,
The opening of a new branch Office
in Phoenix. Arit., completed the
company's system of branches from
the Atlantic to the Pacific. Branches
have been maintained fn Callforla
during the past 10 years. The only
offices opened during the year
were In Casper, Wyo., and Phoenix.
Arizona, which gives the JefTerson
Standard 47 branches and 1,000 agents
In 26 states, the (District of
Columbia and Puerto Rico.
OFFICER3 RE-ELECTED
The re-elected officers are Mr,
Price, president: C. Elmer Leak,
vice president; Julius C. Smith, vice
president and aeneral counsel; Joseph
M. Bryan, vice president; Howard
Holderness, vice president;
Ralph C. Price, vice president; H.
P. I>?ak, secretary, L. M. Johnson,
treasurer: Ralph B. Colt, actuary;
and J) B* Buo.kner, associate acta,riarrv
E. Pane Is local representative
of the Jefferson Standard.
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roit coooms mom colds
I THAT WONT TURN LOOSE
1 TAKE ONE SIP Or
1 MENTHO-MULSION
I WAIT PIVE MINUTES
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THX KIN08 MOl
MYE
Invito
New
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Everything New! I
And More Beautifi
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Si ' :
* " "
k- . Mlltiwi ..'C .. a ?l4
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OUllS
% .
Are Fashion's Choice For Spring
?COSTUME SUITS
?DRESSMAKER SUITS
?TAILORED SUITS
?NAVY SUITS
?PASTEL SHETLAND or PLA1
They're All Here For Your Inspec
BLOUSES AND SHIRTS
Fussy, frilly Blouses on tailored
Shirt. Suit Yourself and
your Suit.!
98c and $1.98
USE OUR LAY-A\
A Small Deposit WiU Hold A
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tJNTAIK HERALD THURSDAY* FEBRUARY IS, 1]
IRS
is Your Ins
' .' * * " y ' *.. .. "
Spring
lecona rloc
Ivery Garment Caref
ill Than Ever! See T1
The Way To A NE
Spring
F?i
Coats
lenty
of NAVY, PASTEL, V1
LAIDS and TWEEDS.
unior, Regular, and . Large
izes.
?. ' * ' \ -
Prices to please everyone.
Wil
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tion
I
ACCESSORIES
"KAYSER" Gloves 98c|
Navy, Black, White, Beige
Other Gloves 79c to $1.98
BAGS?All colors, also patent
98c and $1.98
hat:
to complete your Costume in Pastel
98c $1.98
VAY PLAN I ,n
ny Article For You. ' ' NY
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# KINGS MOUNTAIN, N. C.
spection 0
Fashio
ally Selected?Not J
lie Fashions That i
:w SEASON.
DRESSES
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For Everyone
.
Every Age, and Every Size..
rally hundreds of them have just
d, selected by our buyer on her
ip to New York. Prices at?
1.98 to $11.98
?You'll Find?
Navy Dresses
th soft, flattering lingerie trim i
Print Dresses
; gay, floral prints, so popular
a dark coat.
Soft Pastels
sty shades of Rose, Mist Blue, or
Green.
ALSO
/^Pj MarthavMa
Sizes 12 U
faa Featuring YOU
L the LARGER V
McKetti
I Tailored S
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I "MINJ
%FQR
Styles that app
Fashioned with
$2.95
OTHER DRESS
"One of a Kind5
er in New Yori
p "I
, Felt, or the New Straws V>5
$2.98 "KAYSERS"
mir-o-kleer
Shades to Flatter Your Spring (
LONS
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MHj^dByMjr aMrHtfri itfil?i aHiafhtWiiiT^^ iafli: Yi^ttCll^'i
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, We OFFER j
inning Originals
) 20 ? l?'/? to 24'/?
THFUL STYLES for
ITOMAN. j
\
rick Classics
hirtwaist Dresses
15.95
{ MODES"
JUNIORS
eal to young tastes!
young Hnes. At?
to $9.95
JES for JUNIORS ? I
*?selected by our buyyf
J
HOSE I
Costume 79c and 98c m
; $1.35 1
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