OLD FORT NEWS
MISS GERTRUDE DULA, Editor and Manager
VOLUME IV OLD FORT, N. C., THURSDAY, JULY 23, 1931 NUMBER 43
STATEMENT
PETERSBURG INSURANCE COMPANY, INC.
PETERSBURG, VA.
^ Condition December 31, 1930,_ as Shown by Statement Filed.
Amount of Capital paid in cash ' $ 200,000.00
Amount Ledger Assets Dec. 31st previous year 737,828.83
Income—From Policyholders, $123,038.17; Miscellaneous,
$48,150.98; Total 171,189.'15
Disbursements—To Policyholders, $97,490.75; Miscellaneous
$81,306.37; Total 178,797.12
Fire Risks—Written or renewed during year, $16,119,790;
In Force 19,605,798.00
ASSETS
Value of Bonds and Stocks $ 147,765.61
Cash in Company's Office 1,208.64
Deposited in Trust Companies and Banks not on interest __ 551,103.27
Deposited in Trust Companies and Banks on interest 100.00
Agents' balances, representing business written subsequent
to October 1, 1930 24,822.16
Bills receivable, taken for fire risks 5,221.18
All other Assets, as detailed in statement 53.45
Total $ 730,274.31
Less Assets not admitted 21,045.61
Total admitted assets > $ 709,228.70
LIABILITIES
Net amount of unpaid losses and claims $ 13,324.70
Unearned premiums 132,362.85
Total amount of all liabilities except Capital $ 145,687.55
Capital actually paid up in cash, $200,000.00
Surplus over all liabilities 363,541.15
Surplus as regards Policyholders 563,541.15
^ Total Liabilities $ 709,228.70
BUSINESS IN NORTH CAROLINA DURING 1930
Fire Risks written, $2,007,802; Premiums received $ 29,022.61;
Losses incurred—Fire, $33,496; Paid 35,007.12
President Samuel W. Zimmer, Treas.-Sec. R. W. Prichard, Jr. Home Office
\Y. Tabb St., Petersburg. Va. Attorney for service: DAN C. BONEY, In-:
surance Commissioner, Raleigh, N. C. Manager for North Carolina Home
Office.
STATE OF NORTH CAROLINA,
(Seal) INSURANCE DEPARTMENT,
Raleigh, N. C., May 1st, 1931.
I, DAN C. BONEY, Insurance Commissioner, do hereby certify that the;
above is a true and correct abstract of the statement of the Petersburg In
surance Company of Petersburg, Va., filed with this Department, showing
the condition of said Company, on the 31st day of December. 1930.
Witness mv hand and official seal, the day and date above written. i
DAN C. BONEY, Insurance Commissioner.
STATEMENT
PAN-AMERICAN (ACCI. DEPT.) INSURRANCE COMPANY
NEW ORLEANS, LA.
Condition December 31, 1930, as Shown by Statement Filed.
Amount of Ledger Assets December 31st of previous year $ 30,501.82
Income—From Policyholders, $99,533.86; Miscellaneous,
$34,832.18; Total 134,366.04
Disbursements—To Policyholders, $52,130.02; Miscellane
ous, $90,195.41; Total' 142,325.43
ASSETS
Deposits in Trust Comnanies and Banks on interest 7,144.59
Premiums in course of Collection 9,572.84
All other Assets, as detailed in statement 5,825.00
Total 1 $ 22,54.2.43
^Less Assets not admitted 6,461.03
Total admitted Assets ■__$ 16,081.40
Life Dept. $27,098,695.41
LIABILITIES
$27,114,776.81
21,790.50
Learned Premiums 33,467.67
Commission, Brokerage, and other charges due 2,393.21
Estimated amount for Federal, State, county, and
municipal taxes . 2,033.61
All other Liabilities, as detailed in statement 18,555.84
Total amount of all Liabilities except Capital $ 78,240.83 |
Life Dept. $24,875,734.16,
Capital paid up $1,000,000.00
Surplus over all Liabilities 1,165,801.82
Surplus as regards Policyholders 2,165,801.82
Total Liabilities $27,119,776.81
BUSINESS IN NORTH CAROLINA DURING 1930
Premiums received—Accident. $812; Health, $1,210; Total $ 2,022.00
Losses paid—Accident, S66: Health, $615; Total 681.00
President Crawford H. Ellis, Secretary Friend W. Gleason, Treasurer
Franz Hindermann. Home Office 12th and 13th floors Whitney Bldg.. New
Orleans, La. Attorney for service: DAN C. BONEY, Insurance Commis
sioner, Raleigh, N. C. Manager for North Carolina Home Office.
STATE OF NORTH CAROLINA,
(Seal) INSURANCE DEPARTMENT,
Raleigh, Feb. 3rd, 1931.
I, DAN C. BONEY, Insurance Commissioner, do hereby certify that the
above is a true and correct abstract of the statement of the Pan-American
Life (Acci. Dept.) Insurance Company, of New Orleans, La., filed with
thjp-Department, showing the condition of said Company on the 31st day
ciy December, 1930.
Witness my hand and official seal, the day and date above written.
DAN C. BONEY, Insurance Commissioner.
STATEMENT
PEARL ASSURANCE COMPANY, LTD.
LONDON, ENGLAND
Condition December 31, 1930, as Shown by Statement Filed.
Amount Ledger Assets Dec. 31st, previous year $2,385,261.99
Income—From Policyholders, $860,409.45; Miscellaneous,
$119,745.01; Total 980,154.46
Disbursements—To Policyholders, $564,649.03; Miscellaneous
$495,090.33;' Total 1,059,739.36
Fire Risks—Written or renewed during year, $146,027,712;
In Force, 214,405,975.00
All Other Risks—Written or renewed during year, $27,371,
883; In Force 32,198,429.00
ASSETS
Value of Bonds and Stocks $2,277,923.70
Deposited in Trust Companies and Banks on interest 28,634.01
Agents' balances, representing business written subsequent
to October 1, 1930 3,995.93
Interest and Rents due and accrued 24,788.45
All other Assets, as detailed in statement : 4,876.55
Total $2,330,465.54
Less Assets not admitted 46,893.70
4 Total admitted Assets $2,283,571.84
LIABILITIES
Net amount of unpaid losses and claims $ 144,832.01
Unearned premiums QSQ nfi
Salaries, rents, expenses, bills, accounts, fees, etc.,
due or accrued
Estimated amount payable for Federal, State, county and
municipal taxes due or accrued 20,000.00
Contingent commissions, or other charges due or accrued 4,000.00
All other liabilities, as detailed in statement 27,013.41
Total amount of all liabilities except Capital _?1,185,744.48
Surplus over all liabilities $1,097,827.36
Surplus as regards Policyholders 1,097,827.36
Total Liabilities $2,283,571.84
BUSINESS IN NORTH CAROLINA DURING 1930 |
Fire Risks written, $173,719; Premiums received $ 4,193.19
All other Risks written, $1,436; Premiums received 80.75
Losses incurred—Fire, $6,078.51; Paid 5,648.51
Losses incurred—All other, $ ; Paid 9.98
Vice-President Gilbert Kingan.U. S. Home Office 85 John St., New York
City. Attorney for service: DAN C. BONEY, Insurance Commissioner,1
Raleigh, N. C. Manager for North Carolina New York Office.
STATE OF NORTH CAROLINA, j
frfSeal) INSURANCE DEPARTMENT,
Raleigh, N. C., April 28, 1931.
I, DAN C. BONEY, Insurance Commissioner, do hereby certify that the
above is a true and correct abstract of the statement of the Pearl Assur
ance Company, Ltd., of London, England, filed with this Department,
showing the condition of said company, on the 31st day of December, 1930.
Witness my hand and official seal, the day and date above written.
DAN C. BONEY, Insurance Commissioner.
989,399.06
500.00
Advertise in The Progress
FARM FOLKS
, A four act play that i9 sure to j
prove most amusing and entertaining
and no doubt will attract a large I
crowd, will be presented by the
Methodist Ladies Aid at the school
auditorium Friday night, July 31, at
8 o'clock. "Only a Country Girl,"
whose love affair centers the inter
est of the play, will be delightfully
presented by Miss Mary Louise
Teague. Playing opposite Miss
Teague will be Merrill Kanipe, who
will take the part of Philip Burleigh,
a New Yorker. Other characters in
the play are Dave Weston, farmer,
Gordon Kanipe; Amos Goodwin,
of Silverbrook Farm, J. M. Nesbitt;
Bijah Finn, a jack of all trades, Rev.
J. L. Rayle; Thompson, servant at
the Burleigh residence, Horace Early
Mrs. Burleigh, Philip's mother, Mrs.
W. E. Teague; Grace Burleigh, his
sister, Miss Annie Bell Noblett; Sa
rah Goodwin, wife of Amos, Miss
Edna Tate; Mrs. Peasley, who never
has a minute to spare, Miss Arwyn
Steppe; Delia Slocum, hired girl at
the farm, Mrs. J. L. Rayle.
EASTERN OIL COMPANY
AWARDED CONTRACT
Eastern Oil and Gas Company of
Marion and Old- Fort was awarded
the State contract at Raleigh on
July 10th for County of McDowell
and adjacent territory which is cov
ered by the company.
The contract provides that all
public schools, county and state
highway police, and traveling state
officials, can purchase their gasoline
by signing a sale ticket at the vari
ous Shell service stations. The tick
ets are taken as cash by the compa
ny salesman.
It is reported that all other dis- j
tricts of the state were awarded to
the Texaco Oil Company. '
TEAM-WORK
Before a town can accomplish
much it must have teamwork. Its
citizens must show a willingness to
help one another.
A spirit of co-operation and pride
in the home town must be instilled
into the thought and action of every
individual. Towns that are going
ahead the fastest show this spirit.
A town or city must sell itself to its
citizens before it can sell itself to i
the outside world.
If part of the citizens pull one
way and part another the result will
be discord among the ones who
should pull together.
There is something good in every
person. If peojl!e knew each other |
better, they would pull together bet
ter.
If a town is to succeed every citi-1
zen must assist in the working out
of plans for better business and lar
ger development in their own home
town.
MISSIONARY SOCIETY MEETS
On Tuesday afternoon the Ladies
Missionary Society of the Baptist j
Church met for the regular meeting
of both circles. Circle No. 1 hacl'
charge of the meeting and gave a
very' interesting and helpful pro
gram on the mission work in Cuba
and Panama, after which there was,
& general discussion on home mis
sions and its needs.
TELEGRAPH OFFICE MOVED
The telegraph office, which for-1
merly occupied its own office next
to the Bradley Drug Company,
moved this week to the office of the
Southern Railway in the station
building.
The Y. W. A.'s met for their reg
ular monthly meeting on last Tues-'
day night at the home of Mrs. E. J. j
Ingle. A large number of the mem
bers were present and a splendid
program was given on the different
missionaries and their work. The so
cial period was given to story telling
and refreshments. Mrs. Ingle is eoun
felor for this society and is leading
the girls in a great way
Mr. Wilson, a student in Duke
University, arrived in Old Fort on
last Sunday and is conducting a
Cokesbury Training school for Sun
day School workers at the Methodist
church this week.
Howard Gosorn and cousins, Bud
and Paul Thomasson, of Akron, Ohio
spent the weeklend with Mrs. A.
Farnsworth at her beautiful home
on Curtis' Creek.
Mi*, and Mrs. Robert Bloomer and
small son, Robert, Jr., of New Jer
sey, were visitors in Old Fort on
Monday. Mr. and Mrs. Bloomer at
tended a family reunion at the home
of the former's mother in Knoxville,
Tenn., the past week.
LOCAL AND PERSONAL
ITEMS OF INTEREST
__
Mr. and Mrs. W. B. Bowling of
LaFayette, Ala., and Mr. and Mr9.
Thoma9 Frazier of Opelieka, Ala., j
who have been the house guests of
Mr. and Mrs. Geo. Sandlin for sev
eral days, left Monday.
L. J. Whisnant of Marion made a
business trip to Old Fort Monday.
A large number of local citizens
attended the outboard motorboat
races at Lake Tahoma last Sunday
afternoon.
William and James Barnett, who
have been working with their father
on the Fairview-Bat Cave paving
job, spent the week-end with their
mother, Mrs. Wm. Barnett.
Joe Lee Grant and John Robinson
are spending some time in Rich
mond, Va.
Mr. and Mrs. Charles Carrington
of Cascade, Va., are guests at the
Mauney House this week.
Mrs. G. M. Furr and son, Dan,
left for their home in Shelby on
Saturday.
Kermit Marston is spending two
weeks with his family in Old Fort.
Mr. and Mrs. Henry Westermann,
Miss Gertrude Dula and Miss Lenore
Keatley were guests of Mr. and Mrs.
W. H. Hawkins in Marion, Sunday.
Mrs. J. F. Gilleland has returned
to her home in Old Fort after spen
ding a week as the guest of Mr. and
Mrs. E. W. Shepherd in Asheville.
Mrs. Annie Graham, who has been
visiting her daughter in Atlanta,
Ga., has returned home.
Mr. and Mrs. G. W. Rhyne and
three small sons and Miss Virginia
Jones, all of Catawba, were dinner
guests of Mr. and Mrs. J. F. Gille
land on Sunday.
Col. D. W. Adams and daughter,
Miss Mary Virginia, and cousin,
Miss Anna Haldman of Ridgecrest,
motored to "Mile-Hi" on Saturday, J
returning on Sunday.
Mr. and Mrs. Rufus Booser atten
ded the funeral services for C. F.,
McHarge in Asheville last Sunday.!
Mr. Booser was a pallbearer for j
Mr. McHarge on Sunday, also for j
his brother, Carol McHarge, on j
Saturday.
Mrs. Tom Sears and small son, of
Ahoskie, N. C., are the guests of
Mrs. Sears' parents, Mr. and Mrs.
Dave Arney.
Prof. S. B. Smithey, who is an in- j
structor at Boone for the summer
school at the Appalachian Teachers' I
Institute, spent the week-end with;
his family in Old Fort.
Mrs. Reid Grant and her mother,!
accompanied by Mrs. Will Grant, j
Mary Sue and Gordon Grant, left
Saturday morning for Virginia
Beach where they will spend the
next two weeks.
Mr. and Mrs. Tom Pritchard and
daughter and I. H. Greene of Ashe
ville were guests of friends here on i
Sunday.
Bernard Tate of Johnstown, Pa.,
is spending his vacation here with j
his parents, Mr. and Mrs. A. C. Tate j
Miss Lucy Britt of Asheville and
Miss Jimmie Britt of Charlotte are j
the guests of Mr. and Mrsfl C. W.
Graybeal.
Miss Clara Suttles of Marion was ;
a visitor in Old Fort last Saturday, j
Robert Wilkinson, Donald Mcln-!
.
tosh and Kimball Miller visited
friends in Penland last Saturday. j
Misses Viola and Eula Grant and j
Martha Hyams, Messrs. Otis Grant,
Robert Banner and Morris Lynch,
spent Friday night at Camp "Mile- j
Hi on me pinnacie.
Mr. and Mrs. J. M. Charles moved
this past week from the Walker
house to the Hoffman house on Ca
tawba avenue.
Cletus Tate arrived from Little
Rock, Ark., on Friday to spend two
weeks vacation with his parents,
Mr. and Mrs. A. C. Tate.
Mr. and Mrs. 0. D. Hayne9 and
Miss Ruby Haynes spent Thursday
in Asheville.
Mrs. Harley Lail and small
daughter of Asheville were in Old
Fort Thursday.
Mr. and Mrs. Geo. Cook of Hazel-1
hurst, Ga., were in Old Fort Thurs
,
aay. I
Charles and Dan Haney of Nealg
ville were in Old Fort Friday.
Mrs. Ed Burgin, Misses Marie Sa
bora, Polly Gosorn, Mildred Thomp
son and Alice Laughridge spent
Thursday in Asheville.
Mr. and Mrs. J. B. Grant of Mar
ion visited relatives in Old Fort over
the week-end.
Mrs. Hart Taylor spent Thursday
in Asheville.
Mr. and Mrs. Teague and daugh
ter, Mary Louise, were visitors m
Asheville.
Mr. and Mrs. W. Gilliam of Ashe
ville visited relatives in Old Fort on
Sunday.
Mrs. Ralph Gordon of Macon, Ga., j
was a visitor in Old Fort Wednesday
Mr. and Mrs. E. J. Burgin spent
Tuesday in Asheville.
H. R. Lail of Asheville was in Old
Fort Sunday.
J. B. Haynes made a business
trip to Cashiers, N. C., last week.
Mr. and Mrs. W. W. LeFevre and
family spent the week-end in Ashe
ville with relatives.
' J. E. Long of Balsam spent the
week with his family here.
Mrs. D. E. Rix visited relatives in
Asheville Thnursday.
Mr. and Mrs. George Simpson of
Marion visited relatives in Old Fort
last week.
Miss Sue Allison of Asheville
spent the week-end with her sister,
Mrs. Hessie Steppe.
Miss Sallie Finley is spending a
week in Tennessee.
Miss Carolyn Mcintosh left Tues
day for Richmond, Va., where she
will be the guest of her grandmoth
er, Mrs. Anne Mcintosh, and Miss
Ann Munro Clegg.
Miss Mary Cowan, who has been
attending summer school at N. C.
C. W., is the guest of her aunt, Mrs.
C. W. Graybeal.
Carey Hansel, who has been visit
ing in New York State, returned
home Monday.
Mrs. W. H. Hawkins of Marion
was a visitor here Tuesday .
Mrs. W. A. Robinson was in
Asheville Thursday.
Miss Natalie Epley, Miss Polly
Gosorn and Robert Maclefresh will
motor to Norfolk, Va., Saturday
where they will be the guests of Mr.
and Mrs. H. O. Gosorn.
Mrs. C. F. Plott and small daugh
ter, Ann, of Bryson City, are the
guests of the former's grandparents,
Mr. and Mrs. Geo. Hyams.
« Miss Margaret Jordan, who has
been quite ill, is reported as being
much improved.
Mrs. J. C. Wright and two child
ren of Rutherfordton and Mrs. Mar
ion Davis and daughter, of Forest
City, and Miss Charlotte Davis of
Broad River, were the guests of Mr.
and Mrs. Don Gosorn, Sunday. Mrs.
Wright was formerly Miss Helen Da
vis of Old Fort.
Miss Mary Weatherly of West
Asheville, who was the guest of Mr.
and Mrs. W. E. Teague the past
week, returned to her home on Sun
day.
Rodgers Kanipe and Leslie Mau
ney returned home Monday after
spending several days in Raleigh.
Robert Hughes has returned home
from Washington, D. C., where he
spent a very enjobyable week.
Mr. and Mrs. Geo. Thomason of
Akron, Ohio, who have been the
guests of the latter's parents, Mr.
and Mrs. T. H. Gosovn, returned
home Wednesday.
Mr. and Mrs. T. H. Gosorn expect
to leave this week for Denver, Colo.
They will visit Kansas City en route.
WHEAT 25 CENTS
Kanusas City, July 16. -— Wheat
farmers of the Southwest have turn
ed to their bankers, implement com
panies and merchants for relief from
debts which are forcing some to
market grain at prices ranging as
low as 25 cents a bushel at county
shipping points.
ADMINISTRATOR'S NOTICE
Having qualified as administrator
of the estate of Mrs. W. F. Nichols,
deceased, notice is hereby given to
all persons having claims against
the said estate to present same to
the undersigned, R. F. D. Route No.
1, Old Fort, N. C., on or before the
16th day of July, 1932, or this no
tice will be plead in bar thereof. All
persons indebted to the said estate
will make immediate payment to the
undersigned.
This the 16th day of July, 1931.
W. C. NICHOLS, Administrator
of Mrs. W. F. Nichols, deceased.
Safety and Satisfaction
for Your Car
The personal interest that we take in
the maintenance of your car combined
with the mechanical efficiency of a well
*
equipped shop, will assure you satisfac
tion, combined with a distinct sense of
safety when you are on a motor trip for
pleasure, or making a business trip, when
time is important.
Bring your car to our shop for a "once
over" before starting on that trip.
Kanipe Motor Co.
' OLD FORT, N. C.
Not More Money
But More Wisdom
WHAT this country needs
is not more money, but
s. % *
more people who know how
r»-» i '
to use it wisely. Banking a
goodly portion every day
• *
is wise. *
THE BANK OF OLD FORT
OLD FORT, N. C.
STRONG COURTEOUS HELPFUL