Newspapers / The Chowan Herald (Edenton, … / April 2, 1953, edition 1 / Page 2
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PAGE TWO OVER 40 PER CENT OF NATION’S WORK FORCE COVERED BY GROUP INSURANCE f Group life insurance forged ahead to a new record ownership in the U. iS. at the start of this year, ac cording to the Institute of Life In surance. Total group life insurance in force in the United States is estimated to have reached >566,600,000,000 in near ly 36,000,000 individual policy cer tificates on January 1. This was SB,- 600,000,000 more than a year ago. Os the aggregate group life insur ance, that owned by employer-em ployee groups now amounts to nearly $63,000,000,000 and covers some 26,- 000,000 workers. This is an average of about $2,40 per policyholder. It is nearly three times the amount in force at the end of 1945; twice the number covered. In Ithe past seven years, ■American families have added $40,- 000,000,000 to their life insurance pro tection through these employer-em ployee units. “Over 40 per cent of the nation’s work force is now covered by group life insurance,” the Institute said. “This has become a valuable bridge for the worker’s family in the event of his death. It should be viewed by policyholders as a valuable supple ment to basic life insurance protection, but not as the main insurance.” The worker group life insurance policyholders represent about 60 per cent of total U. S. employment other than agricultural, government and self-employed workers. Credit Groups Also Gain Group life insurance has recently developed along two lines, both grow ing rapidly. Not only has the group protection of employer-employee units increased rapidly, but also group cred it life insurance, covering borrowers for unpaid balances owed at death, has pyramided in the past few years. The group credit life insurance now covers nearly 10,000,000 borrowers for an aggregate of more than $4,000,000,- 000 of loan balances. At the end of 1945, the borrowers covered by this type of protection numbered 1,644,000 and their insurance aggregate was then less than a third of a billion. This is only part of the credit life insurance written, as an even larger volume of it is written currently un der ordinary life insurance policies. Purchases of new group life insur ance increased materially in 1952 af ter the “unfreeze” of fringe benefits under the wage stabilization program. The year’s new group buying totaled $6,000,000,000, an amount exceeded only once before, in 1950. Os this, more than $1,000,000,000 was group credit life insurance and’ the balance was on employer-employee groups. The average group certificate bought by employee groups was much larger than in previous years being some 1 $4,000. WRITERS IN BASEBALL ~~ FORECAST FOR 1953 "Which teams will win pennants this , year? Twenty-three of the nation’s ycaj . i wwu.y-i.nreo 01 me nation ■ top sports writers predict results of major league baseball races. Look for this timely sports article by Dan Parker in the April 12th issue of THE AMERICAN WEEKLY Magazine in Colorgravure with the BALTIMORE SUNDAY AMERICAN Order from Your Local Newsdealer Offices For Rent The Offices on King Street Formerly Oc cupied by Dr. A. F. Downum. Apply to J. N. PRUDEN **AAAA#I*»AAA, Retail Price 86 Proof •' 5 m iJ2L Hi vii'hikm. / ;• ‘ .“ jm ' m mmMw*m v -| * : |JJJ «HR ; **] The coat dress is back again this season, more popular than ever. Here, a neat afternoon dress in cot ton denim is designed with coat lines. A white pique collar and big round buttons accent the coat dress, one of a fashionable group of sum mer denims designed by Stephanie Koret of California. State Colleges HINTS TO HOMEMAKERS To make that laundering job easier try these suggestions from. Mamie N. Whisnant, extension home manage ment specialist at State College, Ra leifeh. Give each piece a good flip before hanging to remove wrinkles and short en.drying time. Hang like articles together to save sorting time before ironing. Hang garments straight from their strongest parts. Use hangers for drying dresses, blouses and shirts to save ironing time. Fold and roll each piece carefully as you sprinkle, so that when it is unrolled, it will be in position for ironing and not full of wrinkles. Don’t roll tightly—it makes extra wrinkles; dampness penetrates better when roll I Summer Living Outdoors Becomes More X Pleasant With Furniture Like This I ' BUNTING INNERSPRING CUSHION GLIDERS j Why buy a substitute when you can get a ; GENUINE BUNTING Innerspring Cushion j ;; Glider for such a low price. Your choice of ■ :: three gay colors: Red, Green and Yellow. WE WANT * YOU TO SEE THIS SENSATIONAL VALUE! li ■ ./ -T ■ ; k Bunting Tubular Steel Frame j CHAIRS | HEAVY GAUGE STEEL ... j I •" Green, Red; Yellow < J You Save More at Edenton Fur- < nature Company on AU Porch and \ I Lawn Furniturel 1 i > ... » r ’ - ' ■ ; • ; Edenton Furniture Co. ; Next Door Old CitiMns Bank Building Phone 516 • Edenton,N.C TOE CHOWAN HERALD, N. C., THURSDAY AFRTL 2,1953. Historic Garden Week to Virginia Annual Event Opens April 25, Lasting Through May 2 T Historic Garden Week opens in Virginia April 25th and runs through May 2nd. Approximately three hundred homes, gardens, old churches and churchyards throughout the IState will be open for the pleasure of the public. It is estimated that between 25,000 and 30,000 visitors Come to Virginia during Garden Week, resulting in hav ing from SIO,OOO to $20,000 to spend on restorations in Virginia. The Garden Club of Virginia has been sponsoring Historic Garden 'Week since 1929, and through the coopera tion of the owners of these beautiful old homes and gardens there have been some sixteen or seventeen gar dens completely restored. Most re cently completed are the gardens at Gunston 'Hall, the grounds of the Bar ter Theatre Players’ home in Abing don, and the gardens at the Univer sity of Virginia, as designed by Thom as Jefferson. Visitors will find a well planned day’s trip through several homes and gardens which includes, EaStover, Plantation, Brandon Church, at Bur rowsville, Brandon House and Garden, 'Upper Brandon Home and Garden and Smith’s Fort Plantation (Rolfe House). BABY DIES AT BIRTH A daughter was bom to Mr. and Mrs. F. D. Bulls of Jacksonville, Fla., on Thursday, March 12. The infant died! at birth and was buried in the Greenlawn Cemetery in Jacksonville. Mrs. Bulls is the former Miss Janet Faye Jernigam ed loodbly. When practical iron directly from line, bring clothes in as they become dry enough for easy ironing. Fold at the line those articles which may be put away without ironing. Use soft water for washing and rinsing when laundering. If you have a hard water problem, learn the most economical way to solve it. (See your ■County Home Agent, if you haven’t yet done so.) ; Raise wash tubs (if you are now having to bend over them); raise them so that you can stand correctly and you will avoid a lot of that “worn out” feeling on washday. Use a light weight iron with good automatic heat control and sit while ironing. COTTON QUIZ! MOST ‘4 MAM SlUMfl ambrka produces 69 yards 09 COTTON TBYRILBS ANt4U4O.LV V*R IN HABITANT vmu* RUSSIA TURNSOUr omv gIWMWSPgR. INHABITANT. State’s Roads Draw National Attention The largest periodical of the Ameri can Automobile Association, “Motor •News” of Detroit, praised North Car olina’s road-building record in the lead editorial of its March issue and sug gested that “Some other states- could profitably send delegations down to see how this is being done.” I 100 PROOF LIQUEUR H SOUTHERN COMFORT CCRP. ST. LOUIS 3, MISSOURI 9 a our Srodt | of a good used Tractor and I we haye it. J ment I ment 1 d Equipment | I nd Equipment 1 fOUR I NEEDS I Age Doesn’t Bother Civil War Cotton Bale Old age doesn’t bother cotton. A bale of cotton picked with slave, labor in 1862 stored in a compress at West Point, Miss., is still in excellent con dition, its fiber as Strong as it was during the Civil War. The bale at West (Point is said to be one of the oldest in 'America and possibly in the world. The cotton is owned by the First National Bank of West Point. It was grown in Oktibbeha County, Mississip pi- ~ * **■' 1 11 !TT I Vets Question Box | Q —l am the widow of a World War school under the Korean GI Bill and study carpentry. Most of my course will be shop practice. (What is con sidered full-time in such a course ? A—Full-time in your course would be at least 30 hours a week for at least five days a week, with no more than 2Yz hours of rest periods each week. Q —l as the widow of a World IWar I veteran who died as a result of a service-connected disability. Must I prove dependency in order to be eli w jwiwil mcptme stwice ; IS STIU A BIGBABGAIN!^ Next'time you go shopping, compare prices tbY fesr’ .years ago. How they’ve increased! w { i Then study your telephone bill. Service still costs] little more than it did. But think how many more people you can reach by telephone today. And how much faster too, thanks to new equipment. / V Yes, compare. You’ll see that telephone'sqrvicg) Is stiUjour biggest bargain./' " - J Norfolk & Carolina Tel. & Tel. Co. r.n«iM>tfi City Edenton Hertfor Manteo Sunbury <WSAAA^(WVW»AA9VS4VSAA4WIAAAAAAA4VW* gfble for dteath compensation pay ments T A—No. Dependency is not a factor in determining your eligibility for death compensation. Youth, what man’s age is like to be, ldoth show; We may our ends by our beginnings know. —Denham. To Relieve _ C"1666 SEE US FOR YOUR PAINT NEEDS We Carry a Full Line of GLIDDEN PAINTS AND VARNISHES Harrell & Leary Phone 459
The Chowan Herald (Edenton, N.C.)
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April 2, 1953, edition 1
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