""^njornpany s assets gainea $e,Bi4,uoo
which is ffi average increase of
$567,000 every 30 days in the year.
He reported the contingency re
serve fund, capital and surplus,
increased to $5,600,000. This is a
fund maintained in addition to the
regular reserves required by law
as additional protection to policy
holders. “Payments to policyhold
ers and beneficiaries during the
year amounted to $6,000,000,” he
reported, “bringing the total a
mount paid to policyholders and
beneficiaries since organization 32
years ago to $105,000,000.
“With the sale of new insurance
in the amount of $46,000,000 last
year, the Company’s total amount
of insurance now in force totals
$385,000,000, which is the highest
mark in the history of the Com
pany. This amount is held by 160,
000 policyholders.
Report By Mr. Price
In addition to the lowest lapse
ratio in the history of the Com
pany, Mr. Price reported an excel
lent condition in interest earned
and interest paid.
“The record net interest earned
on invested assets in 1938,” he
said, “amounted to 5.1 per cent.
For the three years prior to 1938
the Jefferson Standard led all ma
jor insurance companies in the U
nited States with its record of net
interest earnings.
"On funds held in trust by the
Company for policyholders and
beneficiaries, the Company has
paid 5 per cent interest, a rate
that has been paid continuously
since organization in 1907. The
Jefferson Standard is the only
company in the country that has
such a record of interest payment.
A mortality rate lower than for
any year since 1926 was reported,
the actual mortality being 49 per
cent of expected mortality.
Members of the Board of Direc
tors re-elected include Selby An
wpsgw cmhh Bcpnmnnai
i/ibble, Underwriter; D. G7 Meb
ane, Registrar; W. P. Burgess,
Manager Premium Notice Depart
ment; J. S. Causey, Purchasing A
gent; C. S. Furches, Manager Con
servation Department; H. I. Bell,
Manager Change Department; M.
H. Crocker, Manager of Financial
Department; Mary R. Taylor, A
gency Secretary; and C. R. Whar
ton, General Solicitor; and R. B.
Taylor, Agency Assistant.
13th Birthday
Mrs. W. E. Hawkins entertained
with a surprise party in honor of
her daughter, Betsy’s thirteenth
birthday Monday evening. Games
were played with prizes for all the
winners; then dancing was enjoy
ed. The hostess served refresh
ments to the following guests: Vi
olet Jeffries, Martha Ann Starke,
Mary Lou Starke, Martha Lee
Johnson, Joyce Hudson, Joy Bow
man, Ernestine Smith, Mary Har
bour, Charlotte Anne Shell, Lois
Churchill, Ann Moseley, Charles
Boykin. Brooks Jeffries, Pete
Wells, Carl Churchill, Harvey Tay
lor, Lanny Storey, Bill Hawkins,
Philip Pullen.
Mrs. Wood Hostess
The Tuesday Night Bridge Club
was entertained this week by Mrs.
Allie Wood. Attractive Valentine
tallies were used and a salad
course, carrying out a color scheme
of red and white, with coffee, was
served. Prizes were awarded to
Mrs. A. L. Gilliam for high score,
Miss Edna Wafford, second high,
and Mrs. Francis Starke, traveling
honor prize. Those playing were:
Mesdames Sam Bunn, T. J. Cheek,
A. O. George, A. L. Gilliam, Ivey
Mohorne, E. B. Smoot, Geo. Pap
pendick, Zollie Powell, H. C. Wirtz,
Francis Starke, Pete Graham and
Miss Edna Wafford.
George Washington
President - and "Man of Affairs"
gEORGE WASHINGTON is best
known as the first President of
the United States: but he was also
a man of wealth and estate which
he managed wisely and well. His
personal life might well inspire the
life of every man who strives to
leave for posterity an estate worthy
of pride.
Roanoke Rapids Building
& Loan Association
10 W. 2nd Street Phone R-527-1
NEW YORK — A statue repre
senting “American Womanhood,"
created by Gaetano Cecere for
the facade of the Home Furnish
ings Building at the New York
World’s Fair 1939.
REPAIRS
Here is only PART
of the work done in
our shop . . . with all
latest type of equip
ment . . .
0 Front Wheels Aligned
0 Front Axles Straightened
0 Frames Straightened
0 Bent Wheels Straightened
0 Head-lights focused with the
“Weaver” Electric Eye
0 Radiators Cleaned (to pre
vent Over-heating)
0 Radiators Repaired
0 Special Machine Work
0 Broken Parts of all kinds
welded by Electric or Acety
lene method
0 Bent Fenders straightened
and painted like new
0 Brakes Re-Lined
0 Generator and Starter Re
paired
0 EXIDE Batteries & Service
Try Our Service—
You will like it!
Estimates
Gladly Given
BRICKELL
MOTOR CO.
WRECKER SERVICE
Dial R-414-1
u m j.. iay
question: Was this situation brought about because the South for many years
has not been sowing its seed in its own fields?
Southerners send millions of dollars to other sections of the country for prod
ucts and merchandise that could be produced at home. Every year Southern
ers send away from home $310,000,000 in life insurance premiums.. .and
additional millions in interest on money borrowed. If a greater portion of the
money spent by the people of the South for farm products, merchandise and
LIFE insurance were kept at home, think how much it would help citizens of
the South by creating more and greater home pay rolls—more local jobs—
greater wealth and prosperity.
We do not advocate buying exclusively from Southern companies. Other
companies serve the South well and deserve their share. But, no matter
what we buy, shouldn't we who live in the South always ask ourselves:
"Wouldn't it be better to sow our seed in our own fields?"
If you are interested in the South's future read the inspiring booklet "A Pattern
for Southern Progress," recently written by President Julian Price. Now in its
fourth printing, a copy of this booklet may be secured from any Jefferson
Standard Agent, or by writing to the Home Office in Greensboro.
OUTSTANDING TACTS FROM THE
1938 REPORT OF PRESIDENT PRICE
• Every thirty days in last year we
returned an average of a half mil
lion dollars in policy benefits to our
policyholders and beneficiaries.
• $105,000,000 paid in policy bene
fits since organization in 1907.
• Assets increased $6,714,378 last
year, the total amount now standing
at $80,008,972.
• The surplus fund for additional
protection of policyholders was in
creased to $5,600,000.
• In 1935, 1936, and 1937, the Jeffer
son Standard led all major life insur
ance companies in the United States
with its record of net interest earned
on invested assets. The record for
1938 was 5.1%.
• In 1938, as in every year since
organization in 1907, we paid 5%
interest on funds held in trust for
policyholders and beneficiaries—a
record unequalled by any other life
insurance company in the United
States.
• Life insurance sales in 1938
amounted to over $46,000,000.
• One hundred and sixty thousand
policyholders own Jefferson Stand
ard life insurance amounting to more
than $385,000,000, a new high mark
for the Company.
31.T938. ■
First Mortgage Loans. 40,030,658
On farm property $5,351,193, on city
property $34,679,465.
Real Estate. 4,445,836
This includes our seventeen-story Home
Office Building.
Loans to Our Policyholders. 13,565,495
Fully secured by the cash values of policies.
Premium Loans and Liens. 4,265,065
Fully secured by ihe cash values Of policies.
Investment Income in Course of
Collection. 839,746
Premiums in Course of Collection 2,381,640
All Other Assets. 174,558
Total Admitted Assets.$80,008,972
LIABILITIES
Policy Reserves.$67,517,733
This amount represents the reserve required
by law to assure prompt payment of policy
obligations.
Reserve for Policy Claims. 416,223
, Claims in course of settlement on which
proofs have not been received.
Reserve for Taxes. 317,265
Premiums and Interest Paid in
Advance. 736,528
Policy Proceeds Left with
Company. 4,345,578
Dividends for Policyholders. 763.095
Reserve for All Other Liabilities. 312,550
Medical and inspection fees, and bills not
yet presented.
Liabilities.$74,408,972
Contingency Reserve. .$1,100,000
A fund to take care of con
tingencies, depreciation on real
estate and investment fluctua
tions.
Capital . 2,000,000
Surplus Unassigned. .. 2,500.000
Total Surplus Funds for Addi
tional Protection of Policy
holders .$ 5,600,000
Total.$80,008,972
The next time you buy life
insurance—see a Jefferson
Standard agent. He repre
sents one of the strongest
and safest life insurance
companies in the United
States.
-EASTERN NORTH CAROLINA DIRECTORS
W. G. CLARK, Sr. SELBY ANDERSON,
Tarboro, N. C. Wilson, N. C.
D. L TRAYNHAM, JR.
Special Agent Phone R-424-1
ROANOKE RAPIDS, N. C.
^ ' I I ■