Newspapers / The Chowan Herald (Edenton, … / June 30, 1955, edition 1 / Page 11
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Huge Gains Shown By Group j Insurance In Past Eight Years Many Millions Persons Brought Under Va rious Coverages Jfc Group insurance has had its greatest growth in the past eight j years, many millions of persons having been brought under its var-1 ions coverages and two-thirds of! the aggregate certificates of all types having been added since according' to,the fife Insurance As sociation pf America. The Association’s analysis of group insurance of all types in force with all life, accident and health and casualty insurance com- ! panics at the start of this, year shows that the number of persons covered by employee group life in surance has increased 110 percent in these eight years, those covet*-* t d by group annuities, 115 per cent, i and group surgical benefit insur- 1 ance, the most widely held of the group accident and sickness cover ages, 310 per cent. During the past year alone, group annuity certificate holders increas ed 175,000: employee group life in surance, 2,117.000: group surgical benefits, 1,071.000. . On,, of the Oili er group health and accident plans, medical expense coverage, showed an even larger increase in the year, 1,989,000. Premiums paid in 1954 for all types of group insurance totaled $.'1,299,000,000. compared with 035,000.000 in 1953 and $917.000.000 j in 1940. Os the 1951 total, group life insurance accounted lor $927.- i 000,000. group, annuities for $990,-1 000,000 and the group accident and health coverages for : $1.382,000.-; 000. I.ife Plans Cover 27 Million Group life insurance alone, ex clusive of group credit life insur anee. covered 27,4741,000 employees at the start of this year, for an ag-| gregate of $85,794,000,000 of pro-, tection. These insured workers ac count for a limit half of the coun try's work force and more than Ko per cent of those eligible for this type of protection. In addition. 1. « 005,000 dependents of employei s are covered, for $1101.000,000 under■ those plaits which include depend ent coverage, A year ago, group life insurance covered 25,359,04)0 employees, and 711,000 of their dependents. Eight years ago, 13,143,000 persons were j covered hv group life. Group Credit life insurance, - in : spring borrowers, covered 1b, 23b,- 000. individuals' at the start of this year for a lie aggregate of $7,017, 000,000. Annuities Had Big Rise Group annuities, which, account for the largest single block of per sons covered hv insured pension plans, covered 3,!8,»..p00 persons.! This compares with coverage "t L -470.000 persons in 19 Hi. Most widely owned of 'lie acci dent and health coverages i.- group: surgical hem-lit insurance, which! now covers 11.903.000 employees, with 20,05, .000 dependents also covered, a total of 35.017.000 per-! sons insured. Eight y< a tv, ago. oni\ 5.534,000 persons were insured, with 3,127,004) del M-udeiit s also Inought under the plan-, making a total in that year rtf S.bbl.iMin per sons coven d. In addition, 35.010.n00 persons were coven d at tin- start, of this year by group, hospital expense o j surance, 15,719.(8)0 by group medi I cal expense, 1,889.000 by group ilia jor medical expense. 18,323. 0n0 by s3** . stflovam s 4 5 Q ‘- SO4O iu>nii> wnn»n wmA 1 1111 Seagrams BLENDED WHISKEY 86.8 Proof. 657 c Crain Neutral Spirits * Seagram-Dhtillers Company, New York City, New York . group weekly indemnity and 13,- 972,00(1 by group accidental death and dismemberment protection. s' —V ! Wrestles Friday ] | r> ss»x. Pictured above is Princess Dawn Eagle, beaiitilul Indian Princess, who will he one of the girl wrest lers taking part in a match spon sored hv the Edenton Heavy Mor tar Company of the North Carolina National Guard in the Edenton ar mory Friday night. July 1. The matches are scheduled to begin at 8:30 o'clock. Weekly Devotional 1 ! Column j By JAMES MacKEN'/lE J Is denominational isiii a sin? .There lias, been a movement in re ■ cent years, called the ecumenical j movement, which has sought; to 'unite at! tile Christian denomina lions into one super-church. Those who support this movement reason that (1) Basically all Christians preach till' San),. Gospel, (2) Our influence would he greater if we weiv organically united. (3) There is too much duplication, (several churches' serving the same commun jity,. duplication in Sunday School ■ literature. Mission Boards, etc.), '(4), It is a poor testimony to the (world for Christians to ho so divid ed. Tine eeumenieal movement is sponsored by tin- National and -World Councils of Churches (my denomination is a member of both of these, much to my sorrow). ! Those who aie opposed to the eeumenieal movement feel that (1) The movement is too inclusive— that it. it would join in with de nominations which are definitely not Protestant, sticli a-, the Greek Orthodox, and some which are defi nitely not Christian, such as Budd . hist groups. (2) An eeumenieal I ehurcli would he a dictatorial I church, (3) I'he basis of unity w.gild lie the absence of doctrine, • rather than, emphasis on some par- Jtieular doctrine which is the basis lof unity in most of our large de nominations. The opposition to the eeumenieal movement Is carried on actively by the American and In ternational Councils of Chuivhes, and passively by such groups as the Missouri Synod of the Lutheran Chureh and the Southern Baptist Convention. As a general rule, Bi. hie believing Christians are oppos ed to the eeumenieal movement, while those who no longer attach any importance to the authority of God’s Word are in favor of it. In all the discussion, however, I feel one important point has been sadly neglected—that God, who has a purpose in everything that comes to pass, may be using the abund ance of denominations to further His own Kingdom. Frankly, I be lieve He is—l believe with all my heart the existence of different de nominations is according to the di rective will of God. Human nature being what it is, super churches have always degenerated into dead orthodox, barren ritualism, or pow erful political institutions. On the other hand, few of us will ever rea lize the tremendous influence our different denominations have had upon one another. To the Baptists we owe our principle of separation of Church and State, and our em- 1 nhasis on the necessity of the New Birth; to the Methodists we owe our belief of the free will of man, and the modern missionary move- j ment; to the Presbyterians shhuld go the credit for our faith in the wise and over-ruling purpose of God; to thp Quakers our charities j and social services; to the'Holiness i groups our new emphasis on the 1 Work of the Holy Spirit,,and Divine | Healing; and from the Episcopal ians we may learn to he quiet and reverent in the House of God. No one church group has a monopoly “30TH YEAR ANNIVERSARY” THERE’S NOTHING LIKE THEM UNDER THE SUN! § f Jm % j ■IW! I / v 3? Jf The Beautiful New ROLL UP and DOWN ALUMINUM AWNINGS! CHUB. I.H b, -W Awning Co, Albany. N. Y. LOOK AT ALL THESE PLUS FEATURES: 1 Eliminate take-down, storage and J. Beautiful 2-tone combination* to re-hanaino each year. match any exterior, t lifetime durability. Won't nut, A. Conyenient and inexpensive, c«t rot or tear! no more than ordinary aluminum 1 Reduce* heat In summer. Roll up awning*. , f*. winter .un.hine- 7. Not only add. beoutyand charm 4. II beautiful color, with port.- but value to your home. enamel coating which can't «hlp I. Free estimate, and demonstra or crack. "o«- Mo Money Down! M Months to Pay! You Are Always In The “400" Class With Our Awnings. I All lei/F -V/ CKI | Thirty Years In Business. %p£2iilHpstp£MESSHwa CAROLINA AWNING & TENT MFG. CO. DIAL 6-8307 804 N. Church St. Rocky Mount ■ Carolina Awning & Tent Mfg. Co* Rocky Mount, N. C. Gentlemen: Without obligation please send particulars about RO-LA-LUME Aluminum Awnings. NAME ADDRESS I * CITY PHONE THE CHOWAN HERALD, EDENTON, NORTH CAROLINA, THURSDAY JUNE 30 1955 fjMt / I & I JUI I - Ml v# M I , ~£L ; JHp I i .. j? h? I SPACE SIGNAL —Maywood HI., hasn't gone space happy The space-helmet-like antenna being installed on the traffic signal resembles that atop James Walsh’s helmet, but it'* designed for down-to-earth use. It picks up a radio signal broadcast .by emergency ve hicles, turns the signal to red Maywood is said to be the first community in the country to equip its signal system with the new device. | on truth, hut each seems to empha size a different facet of truth anil j teach it to others. Thank God lie (has enabled us to learn from one [another, and may He save us from ! becoming entangled in machinery (that is built not on the importance of this truth or that, hut upon the false promise that no truth is im portant. INK DtlS OF BELKTYLER’S BIG ANNUAL TRUCK i im IF YOU HAVE NOT REGISTERED. DO IT TODAY... YOU MAY BE THE WINNER. i |cga»sioo oo i ™ NO . . . WE ARE NOT GOING TO TELL YOU HOW TO GET IT HERE.. . BUT COME TO BELK-TY- I LER’S EDENTON AND WE WILL SURE TELL YOU HOW I TO GET THIS SIOO.OO .. . SOMEONE IS SURE TO GET IT .. . IT COULD EASILY BE YOU! | DRAWING OF WINNER SATURDAY NIGHT AT 7:00 P. M. This Is Our Big Sale That Nobody Wants To Miss... So You Come For Sure. [ 3 BIG DAYS OF SAVINGS! ] BELKTYLER’S EDENTON, N C. PAGE FIVE SECTION TWO—:
The Chowan Herald (Edenton, N.C.)
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June 30, 1955, edition 1
11
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