Newspapers / The Charlotte Observer (Charlotte, … / March 8, 1909, edition 1 / Page 8
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J CHAtlLOTTE DAILY OBSERVER; MONDAY, 3IAECH 8, 1903. 8 Ct'PDVAlP" rnUPT nPTXTONS! DUX AiX4Jiii vvu v Walker and Myera vs. D. V. Cooper. (Filed 17th February. 1 , Written ' Contracts. Parol Evl . tience. Contradiction. Evidence of a comeirtporaniouk oral agreement, that plaintiff asred to take aa much lurnbe- a wek u defendant could demur. U iuad.oib aible when contradicting the written contract bet ten them, that defend ant wan to cut and Ij'i.'tr not lew than 40,000 feet per week, i. Contracu. Mortgages. Damages. Liens, Substitution. Plaintiff under agreement with de fendant, and to enable liim to ful fil his contract to cut and deliver certain lumber, took up a nic.rUn-J.: on defendants mules, i-t..-. I'Uinflf claimed that defendant had t "1 fllled his contract n 1 s-ixed ihc mules; etc., under the mc rtae and the agreement. The jurv found ihat defendant had brokei 1 contract to plaintiff's damage in a certain mm. Held: The amount jw;ird-l ' the verdict was a lien on the :nu;cs. 1. Contracts, Breach of WaUer. Plaintiff s recelvins f r ..veral weeks a less number r f.-t of Lim ber a week from def.-nehent than lie had contracted to cut anJ Jeliver un der a continuous contract, if ,:io ered to be a waiver of plaintiff s rights as to the m t .il deliveries made, dwt not bar i recovery of damages Incident to a futiu lallure. to deliver the stipulated juaiitlty or of those arising from an ultimate breach of contract. Involving a sever ance of the contract ro!:iilo,i Artlon tried before Cook-. J., nnd a Jury, November Term, 190S. of Heme. The County hoard of Education of Cherokee County vs The Hoard of Commissioners of Chero:ee Coun ty. (Filed 17th February. 100 9. 1. Taxation. County Com mlseioners, Public S-h.ola, Duties. Four Months' Period, Constitutional Law. The requirement of Article LX. Sec. 3. of the constitution that the county commissioners provide by tax ation for m lintalnlrm ".he public echool for the minimum period f four mouths in each year is not re trlcted by Articles V and VII limit ing the power of taxation, and the t ommtssioners ure subject to Indic t ment upon failure to provide the term of school require ! by in id Sec tion J. Article IX. He. -ls.il. Sees. 3590, 3592. 2. County Commissioners, Duties, Enforcement of, Mandamus. When the county commissioners have so failed in the performance of their duties as to permit and require an Interference of the court by -I. II process, the remedy Is by mandamus. I. Mandamus, public Officer. Dis cretionary Powers A writ of mandamus vlll not be granted to compel the performance of an act' by a public ofn.'T involv ing the exercise of his Judgment and discretion, to whom Its performance Is thus committed by our onstltution and statutes. 4. Same, Taxation. County Commis sioners, Public Schools, Four Months' Term Our constitution and statutrs have committed to the Judgment and dis . r-t- i of the county commissioners the manner and method of levying tin to maintain a four months' r; :i. iii .urn period of :he public schools, and In the exerise thereof the courts will not Interfere by civil process, or mandamus or otherwise. t. Same, Board of Education, Ksti mate. Advisory and Recommenda tory. The action of the board of educa tion of a county In making and sub mitting to the county commissioners an estimate of the Hmou.it required to maintain a four months' term of a public- school. Revlsal. Sec. 411'.!. is recommendatorv, and In aid of the Judgment uud discretion given ley our constitution and statutes to the county commissionris In ,ueh mat ters. . .tame, Ac-tljn Dismissed The courts will not grunt n manda mus to compel the c-oun'v commis sioners to accept nnd adoot ns final the estimate of the amou it required to maintain a four months' term of a public school, made bv che county rionrd of eou.-atlon. I!cm :kh1. Pec. 41!?; and an action l.roii,-nt by the latter hemrd for that purpse will b' dismissed. B. V. Edwards et al vs. Hill Supply Company et (Filed .' 4th February. I he ,cl. l'.'O' Snow T. Corporations, .Morig.tt Mc.rtKasee. Mortgage to and ei s. inl Pre-existing Debt. A mortgage on all lis properly made by a i m p.irat ion to lis presi dent and two directors, rrder au thority of a resolution of tut- board of directors without dSiv vote of the stockholdeis. to secur" 111 in In their prior endorsements of the company notes negotiated at a bunk for lienerlt of the corporation. is ' th .id. I otherwise, had the mortaue l--n authorized at the time f the en dorsements, and rec eipt of I he mo.iev to aid the corporation's business 2. Corporations. Mortgagor and Mortgagee. Seal, Officers. Kvidon. -. Kebuttal. The presumption that a mortgage with Its seal affixed was authorized by a corporation (Hevlsal. Sec. 1130 1 1 rebutted, when It was executed to the company's officers: to secure a Vi e exlstinc debt. I. Corporations. Mortgager and Mortgagee. MortfHEe tq officers. Void as to Creditors. When a morUatr has been made on ail Its property by a --orporat ion to Its officers, to sec ure a pre -existing debt, the company con: inuinn in possession. It Is evidence hi, he lent to sustain a judgment that ct ss void as to other creditors. Action heard by i . H. Mb n. J. Upon report of referee . Me. ember Term. 108. of Greene. Appeal Faircloth and Doll by North Stau Pinno Company vs Bpruill and Brothers. (Filed ;4th February. 1101. I 1. Mortgagor and Mortgi,-e. Chat tel Mortgratce. Notice. Re'lsl ra t Ion. Priorities. Llena. A recital In a registered chattel mortgage of a piano that there was no encumbrance, except a certain amo'int now due " a piano comj any." Held 1. Is not sufficient notice to the mortgagee in the recorded mortgage; 2. If it were otherwise foil and aufllcient, it could not supply th absence of reglstratlen ; 3. The 'words employed were to protect the mortgagor from anj charse of Im t jrm,ny - eaavying juortgatvd jirop- rty, and liability Incurred to fhe mortgagee on that account J. Hame. A holder of a registered morteage . ftaw a prior lien to that of a holder , vhoM mortgage was first made but "Kit recorded, notwithstanding a re cital la the recorded momsge that (her was bo encumbrance except "1111 ow due a piano "mpany," subsequently appearing to I due the holder of the unregistered mortgage. Malaria Make Pah Blood. The Old Ptaaaard ,.OROVKff TASTELESS CHILI. TONIC drives out-malaria and builds up the sys tem. For groan, people sad chil dren, Ite. Th question of notice and liens by mortgage, discussed DJr Clam. u. J. Action from Beaufort, heard at Chambers on Case agreed, by Oulon, J., Fall Term. 10S. Defendants appealed. R. G. Chapman and Company va. Cluts. McLawhorn. (Filed 24th February. lt09.) 1. Principal and Agent, Agents Guaranty of Payment. Party In In terest, Trusts and Trustees-. An agent to sell goods on a del credere commission, that la, who guarantees payment on all sales and turns over to the principal, when called for, all notes, accounts, etc., is not a real part In interest and can not maintain. In his own ."Uht, or by construction as trustee of an express trust, an action to recover for the goods sold. 2. Same, Evidence, Non-suit. When it ls shown that a plaintiff is not a real parly in tnrereat, htar action to recover, brought :n his own right, will be dismissed on a motion as of non-suit upon the evidence. Action he.ird before O. H. Allen, J., and a jury, August Term, 108, of P1K. Louise li. Smltl. vs. Susan . Moore ( Petitioner). (Filed 24th February. 1909. 1. Supreme 'Court, Motions, Newly Discovered Evidence, Petition to Rehear. A motion for a new trial, In the Supreme Court, upon the ground of newly discovered evidence, Is a mat ter lor the full court, and will not be entertained after the ease has been certified down; nor .vlll nn un granted petition to rehear made at the same time to the justic es of the court, under the rule, put the case In the .Supreme Court. 2. Same . An order of the Supreme Court to again docket a case li- which un opinion has been rendered, la based on error of law in the previous de cision, and a certificate to that effect, mcr.-ly. will not permit a motion therein for a ne-w trial for newly dis covered evidence which can be made In the lower court. Petition to rehear, and motion for new trial Tor newly discovered evi dence, in this case-, tiled . 'Ph.. case- U re norted in , N. c . c. T. Sample et al vs. John L. Roper Lumber Company. (Filed 24th February, 1909.) 1. Deeds and t'onveyances. Trespass Title, Conim m Source, Evidence, Non-suit. When e.ne having a deed 'or, or Is in possession of real property con veys to another a lesser estate uj- re stricted Interest therein, and thd evi dence tends to show that the grantee took In recognition of the grantors right as the true owner, as a general rub the grantee will not be heard to deny or question the validity of the common source of their claim, and a Judgment as of non-suit upon the evi dence i-anmr be allowed. 1 Deeds nnd Conveyances. Trespass. Title. Common Source. Rule of Convenience, Estoppel. It Is a rule of justice and conven ience, adopted by the courts to re lieve the plaintiff In ejectment from the necessity of going hack of the common source and deducing title from the State, which prevents the defendant from denying or qutstlon ing title derived from the common source, when he has acquired a leaser estate or restricted Interest in lands in re.oiiiltlon of the claim of plain tiff us the true owner there jf, and It is not an estoppel within the strict meaning of the word. 3. Deeds and Cociveyancs. Trespass, Title-, Common Source, Superior Title, Evidence. To the general rule that a grantee of a lesser estate or restricted Inter est In lands cannot question or deny the c ommon source of title, when he took In recognition of the grantor's ristht as true owner of the land, there Is hii exception when the gran tee shows an outstanding superior title to thai ejf his grantor, and that he hits acquired It. 4. Same. Possession of Grantee, I 'a muges. When defendant has shown a su perior e.iilstRnding title to flu of the plaintiff under whose claim as true owner of the land he has acquired a lesser estste or restricted Interest thtreln. to-wlt: the timber nbove a certain dimension. In an action for dsmat'cs for wrongfully -uitlng the timber It is not necessary for defend ant to surrender the possesion be fore ussertintf his superior claim, for otherwise It may have the effect of c aiisine defend c:it to pay damages for c utting his own ' timber. 5 Damages. Trespass Continuing. Original Trespass. Damas. Limi tation cif Actions. The rule that art action -"or s con tinuing trespass will be barred 111 three vears from the time of the- orig inal trespass .lo-'S not apply when every succ esslonal trespass, as the wrongful cutting of timber in the I a tula ejf another, is a separate and distinct renewal of the wrong; and for any and nil such trespass c-cmlns within the three years, the statute Is not a bar to recovery. B. W. Kdwards et al vs. Snow Hill Supply Company. (Fiied 24th February, i909.) 1. Corporations, Deeds ,ind Convey ances. Mortgage. Corporate Act. Mala ijramiitlc.i. A mortgage made by a corporation, regul.tr In its body In all respects, except that it reciter the orporation of the first part, their heirs and as sluns." Is not void, as the name of the corporation is erroneously treated as a collective noun, und "mala grama tic a non vltint Corporations. Deeds and Convey ances. Construction. Validity. When the attestation clajse. the body and the conveying vords In a deed purport to make It that of. an existing corporation, ami It Is signed ". W. P.. presblent (seal) B. W. E.. secretary and treasurer tseall. has the corporate seal affixed and has been probated by the clerk of the court upon examination of .m attest ing witness and ordered registered, its validity as a corporate uot will be upheld (Clark vs. Hodge. 116 JM. C. 743. cited and distinguished.) 3. Corporations, Deeds and Convey ances, Seal. Failure to Register. The validity of a mortgage made by a corporation, duly signed by Its proper officers, and otherwise regu lar. Is n.jt impaired by the fallur of the register of deeds to record the t7rr"r.al ifflu4 to the. Instru ment. 4. Corporations. Deeds and Convey ances. Seal. Authority Prima Facte. The common seal of a -orporation affixed to Its conveyance s prima facie evidence that it was so affixed and that the conveyance was executed by the proper authority. Action from Greene, heard by O. H. Allen J.. at chambers In Kinston. upon report of the receiver and referee, ?2d December, 1808. Ap peal by Snow Hill Banking and Trust Company, mortgagee, of parties plaintiff. , L. V. Morrill, attornevj for credit or, plaintiffs and appellants. W. C. Monroe, Q. V. Coopar, 1. Paul Prtzselle. attorneys for plaintiff and appellee. - " bank. Joanna V. ' Spence vs. The Lake Dmmmond Canal Compiny. (Filed February 34th, 10.) Evidence, Damages, x Exceptions, Harmless Error. Defendant's exception that, under a certain Issue, permanent damages were awarded plaintiff -,vhn, from the character of the injury, or other wise, they should not have been, can not be tQ defendant's prejudice, and It Is not reversible error on hla ap peal. Good Work of the Iurlnburg Methodist Church. Special to The Observer. Laurinburg. Mardh 7. The Metho dist church here now ranks among the foremost In the 8tate In Its missionary gifts. It has recently com pleted arrangements whereby it be- come possible for the support of a missionary of Its own. Mrs. X. Gist , . , Gee. of Suchow, China, having been assigned to It. Besides this the j . . . ..., j,,,,.. .v.. women and children have, during the past year, given nearly $400 through their societies. It Is expected that Mrs. Geo and her nusband will visit the church during the meeting of the Woman's Missionary Meeting in April. Anderson Young; IMly Secure Splen did Musical Engagement. Special to The Obrver. Anderson, S. C, March 7. Miss Lilly Strickland, daughter of Mrs. Theresa Strlckla-nd, of Oils city, has been engaged by Mme. Mary Hlssom de Mom. the noted soprano, to travel with her after April 1st as accom panist, at a salary, to start with, of ISO a week, expenses additional. Miss Strickland has been teaching a. Atlanta, Qa., but was recently forced to come home on account of III- heclth and has since that time had a class i here. She is a graduate of Converse College, Spartanburg, and one of the most gifted young women of the State. Durham Ilranch of Woman'K Better ment AwMM-iatloii. Coirespondence of The Observer. Durham, March 6. An unfinished meeting of the Normal girls of the cointy to-day perfected un organiza tion of the Woman's lietterment As sociation of .cirtn uaronna. Mrs. ChaVles D. Mclver was here last week and addressed the body. But Insufficient advertising failed of the the crowd. The organization is a branch of the State society. of which Mrs. Mclver Is the chief spirit. Durham to Have Independent lire oniaiiy. Special t '.'he Observer Durham, March 7. There la a move here for an independent fire company and the boys who belonged to the old volunteer organization will be at the head of It. They have ordened a horse, con siderable hose and'-have their own wagon which belonged to them In their volunteer organization. The company will answer all alarms and really help the paid department. STATEMENT American Central Insurance Company, of ? St. Louis, Missouri Condition December :Ust, 190. as shown oy Statement Filed. Amount of capital paid up In oaal, t 2.000.000.00 Amount Ledger Assets De cember aisl previous year 5,(,'!iO,di9. Jl Income- l'roni Policyholcle.1 s, t ' ' ,ft;e" Miscellaneous. 8jji.ii.i. Total 2.518.436.21 Disbursements To Policyhold ers. II, 4&I. 178.72; Miscellan eous, l.lci3.04.W. Total ... 2,630,226.70 Klre Risks Written or renew ed during year. ."70,GJ6,- , 694.00. in force 409.963, 5n2. 00 1 ASSETS Mortgage Loans on Keal Es tate 8 85.OJO.00, loans secured by pledge of Kunds. Stocks or other col laterals 590.25O.m Valuo of Honds and Stocks 4,ufl7.9ril.K Cash In Company's Office ... 9,919 mi Deposited In Trust Compan ies and Hanks not on Intei - fil 1 eO. S06.3 Agents' biiliinces, representing business written subse ts October 1. 190S 451,496.12 Hills receivable taken for fire risks 392.6 Interest and Hents due and accrued 42,752.34 Tlal o,3T3,!04o Less Assets, not admitted..! W.S9 l Total admitted iissets $5,307,128.71 LIABILITIES Net amount of unpaid losses and claims 1fH.S43.74 rr.eained Premiutis 2. 0B9. 801.02 Mate, County and Municipal Tuxes due or accrued 15.rt50.00 Commissions, brokerage and other cliarg-e due or to be come due to agents and brokers 67.7:4.41 All othe;r Inabilities aa de tailed In Btate'iient 740.98 Totsl amount of all Liabili ties except capital $ Capital actually paid up In cash Surplus 2,348.110.15 2.000.000.00 859.01S.iti Total Liabilities I 5.307.1IS.71 BISINES8 IN NORTH CAROLINA DIRING 190S Gross risks written t 1.2&3.5S8.00 Less JI43.S91.00. risks can celled; and J11J.140.CO,' rein surance In companies au thorized In North Caro lina 2o6.nM.00 Net risks written t 997.554.00 Gross premiums received ... 17.318.8T Less I2.I7T7S. re ur.i prem iums; and Jl DiM.n6 pre miums for reinsurance In companies authorised In .North Carolina 4.039.81 .$ 13,279.06 .1 i.326.47 J47J7 . 4.378.50 $ V232.14 ' HLg Lc sses paid (deducting age) Less louses on risks rein lsed in North Carolina. Net lotssex jftiid I Losses Incurred Lest looses an risks sued in ciAipantes author- Net losses Incurred t 4.2X4.17 Pesldent. Edward T. Campbell:. Secre tary. John A. Adams:, Treasurer. Samuel If. "Dodd. "lTrttt -Orficer1t auet, Ht. Louie. Mo. Attorney for service, Jarne Southgate, Durham. N. C. Busi ness' Manager for North Carolina, Man aged from Horn Office, STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT. . . Raleigh. Feb. 23. !a. I. JAMES R. YOt'NQ. Insurance Com tntssioner. do hereby certify that the above la a true and correct abstract of the statement of the American Central Insurance Company, of Ht. Lauls. Mo., Bled with this Department, showing the condition of aaid company on the Ust day of December, U0S. Witness my band and official seel the day and date above wHtten. . JAMES R. YOCNO. . . Insurance Commissioner. 6TATEMEXT fetal (fire) lassrince Company if Bartfor J, Cwmriiatt - , Condition December 31st, 190. as shown by (Statement Filed. Amount of capital paid up Id cash I 4,000.000.00 Amount Ledger Assets De cember list prerloua year U.63J14,07 Income From Policyholders, tcj.949.56o.C-J; Miscellaneous, 3S,Mii.a6. Total ... .... T.K5J94.H Disbursements To Policyhold ers, I3.M8.128.M ; Miscellan eous. 3,ail7,o7J. Total ... 7,010.68. 44 Fire Risks Written or renew ed during year, J702.&3S, 2 .00 In force 1.101,607, 77100 Marine and Inland Risks Writ t on or renewed during year. P2. 484.090.00; In force J7.O7.J01- ASSETS Value of Real Estate t MS.207 Value of Bonds and Stocks... lS,74.7tt. CasTi fii Company's" tfftee rr. 2, WO. 07 Ieposited.4n Trust Companies I and Banks not on Interest j DepoBtted )n Truat Companies c and banks on interest.,. i Agents' balances, representing , ,,, written subseq- ' ejueni to October 1, 1908 ... j Ag-mtr. iictotLT 1. 1808 44,743 6S U61.418.M 107,118.04 24.141.06 64.687.6S 815,702.02 interest and Rents due and accrued Gross premiums in course of transmission Total $ 16.663.08J.43 Lets Assets, not admitted.. l?,iS.98 Total admitted Assets 8 16,500,733.45 LIABILITIES Net amount of unpaid losses and claims 8 527,100.30 Unearned Premiums 6,205,178.77 State. County and Municipal Taxes due or accrued 126.800.00 Commissions, brokerage and other charges due or to be come due to agents and Brokers 84,495.18 Amount reclaimable by the Insured on perpetual Fife Insurance 94,680.41 All other Liabilities as de tailed In statement 255,400.86 Total ariount of all Liabili ties except capital 9 7,33,655.52 Capital actually paid up In cash 4.000,000.00 Surplus 6.207,07;. 93 Total Liabilities I 16,500,733.45 BUSINESS IN NORTH CAROLINA DURING 1908 Gross risks writ ton 8 6.861,:S8.00 Leas J1.105,60u.0cj risks can celled; and no reinsurance in companies authorised in North Carolina 1,105.606.00 Net risks written ... t 4,755.883 00 Uross premiums received 101.676.21 Less 114. fit; 3S return prem iums; and no premiums for reinsurance In Compan lea authorized In North Carolina . 14,6oc.98 Net premiums received 8 86,917 Si Ixisses paid (deducting salv- agel 8 Less losses on risks reinsured in companies authorized In North Carolina 66,419.76 Net losses paid 66,419 76 Losses Incurred I Less losses on risks reinsured In companies authorised In North Carolina 65,039.12 Net losses Incurred 65,009 11 President. William B Clark, Secretary, Henry li Re.c Home Office. Hartford, Conn. Attorney for service, N. J. Hey w ard, , Chary ue. N C ituslness Man ager for North Carolina. Managed from Home Office STATE OF NORTH CAROLINA. I N S U RANC'B DKPAIITME N T. Halelgh. Feb. a, 1909. I JAMKU H YOl'NG, Insurance Com missioner, do hereby certify that the rt!eve if a true and correct abstract of the statement of the Aetna Insurance Company, of Hartford. Conn., filed with I Ills Depart mont. showing the condition or said company on the Slst day of De comber, 19CS.' Witness uey hand and official seal the duy and date above written. JAMES R. YOl'NG. Insurance Commissioner. STATEMENT Metropolitan Casualty Insurance Company. LonJlllon December Slst, 1908. as shown hy Statement Filed. Amount of Capital paid up in cash f 200.00000 Amount of Ledger Assets De cember Slst of previous year 692.519 55l Income-From Policyholders. $.)75,t9 .12; Miscellaneous, 110.347. 70 Total 596.037.12 Accident. JSI.5oC.H4; Health. J15.23233. I'late-glass, 1170,- 906. 25. Disbursements To Policyhold ers, 200,721.23; Miscellan eous, jai8.Uf!.5. Total ... 548,824.79 Accident, J25.S04 63; Health, JH.J2JI..I3, Plate-glass, J164,- 733.27. PREMIl'MS WRITTEN OR RENEWED DCRING THE YEAR Accident, M19.753.92; Health, $-.'l."!t73. Plate-glass, tuM,- 378 93. PREMIUMS IN FORCE AT END OF YEAR Accident. $86,589.80; Health, $ll!.3e1.25; Plate-glass, 4W,- 412.53. ASSETS Value of Bonds and Stocks..! 68,006.20 Cash In Company's Office 1,422.80 Deposits In Trust Companies and Banks on Interest ... 7O.J02 88 Interest and Rents due and accrued m.ftt.a Premiums unpaid 103,573.38 Total Less Assets, not admitted. T47.584.J 30.510.71 Total admitted Assets f T27,07J.68 LIABILITIES I'npaid Policy Claims t 15.S06.42 I'nearned Premiums , 235,601.79 Commission, brokerage and other charges due 14,222.06 Salaries, Rents, Expenses, Bills, Accounts, Fees, etcj due or accrued 607.29 State, County and Municipal Taxes due or accrued ..... 1.788.02 Contingent Fund 10,000.00 All other Liabilities aa de tailed In statement 77ta Total amount of all Liabili ties extwpt Capital ... ...... tC 448.80 fanitml actually paid up in cash SW.00008 Surplks over all Llsbllltles... 164.iC4.ffl Total Liabilities t 7J7.0T3.66 BUSINESS IN NORTH CAROLINA DURING 190S -n Plate-glass premiums recel ed. SU7,71r Losses Paid. , 6M1.4 . PrMident. Eugene H. Wlnslw; Secre tary. 8. William Burten. -: Home Office, 17 Cedaratreet.. mw re i- loner 4 Raleigh. N. C Buetnees Msneger for North Carolina. Managed from Home Office. STATE OF rKOVTK CAROLINA. :.j . INSURANCE DEPARTMENT. - j Rsletgb. Feb. A IMS. I JAMES R- YOl'NO, Insurance Cora mtssloner, do hereby certify that the .ir. i. irtie and correct a b tract of Uhe statement of the Metropolitan Ca- n.lt v Comnaor. or isew lora, nin wiin this Deoartment. showing the eondltlon of snid enmpanr on the Mat day of Decern Witness my hand and' official seal the day and date above written. V T . - JAMES R. TOCNO. Insurance CommLsstcoec, . " . STATEMENT Tbe Delawarejasarandt Company, it Ptyljia,''Pcansy!vJD!L Condition December (1st, 1908. mm shown . . by statement Filed. t Amount of capital paid up iA - cash . .... ... 400, 000. 90 Amount Ledger Assets Da- eember SUt previous year.. ; L $35,436,70 Inejome From Policyholders,- l,SM.aw.il; Miscellaneous, . IM.235.ia. Total XW,S.0 Disbursements To Policyhold ers, 7w.aM7; Miscellaneous, ,Mmnmm b3i,315.L Total ... y tl2,U-l Fire Risks Written or renewf ed during year.. IM.31S, .. In force 05.705,438.00 ASSETS Value of Real Estate - $ 200,000.00 Mortgage Loans on Real Es-. Estate ,800.( Loans secured by pledge of Bonds, Stocks or other col laterals JO.090.00 Value of Bonds and Stocks ... 1.1M.927-0J Cash In Company's Office ... . 7,484.84 iDapoalted Ju J'rust Companles ana iianks on intereet -j,ei.r Agents' balances, representing business written subsequent to October 1. 1W8 40J.927.58 Cash in hands of Special Agents ... WO Interest and Rents due and accrued ' 18,677.23 Cash in hands of Philadelphia Underwriters' Association 100.00 AH other Assets, as detailed la - statement 1,250.20 Total 4 1046.660.75 Less Assets not admitted .... 8,704.96 Total admitted Assets I 1,031,966.80 LIABILITIES Net amount of unpaid losses and claims I Unearned Premiums Amount reclaimed by the In sured on perpetual fire Insur ance policies Commissions, brokerage and other charges due or to be come due to agents and brokers 122,023.88 1,172.005.24 126,400.88 46,236.52 Total amount of all Liabili ties except capital 8 1,466,668.44 Capital actually paid up In cash 400,000.00 Surplus .171,289.36 Total Liabilities 8 2,037,955.80 BUSINESS IN NORTH CAROLINA IiUBINU jau Gross risks written 8 Less 814.360.00 risks cancelled; and Hi.944.00 reinsurance In companies authorised In North Carolina 203,450.00 59,294.00 Net risks written ... 8 144.156.00 dross premiums received 8 4.106.63 Less S304.47 return premiums: and 81.06L19 premiums for reinsurance In companies authorized In North Caro lina 1356.66 Net premiums received 8 .8 2.750.97 .$ 2.482.10 KJ5.0) ..8 1.657.10 .8 S.9S2.10 826.00 Losses paid (deducting afee) Less losses on risks rein sured In companies author Ij.ed In North Carolina Net losses paid 8 Losses Incurred Less losses on risks relnsur- Ized in North Carolina Net losses Incurred t 3.157.10 President. John S. Bloren; Secretary. J. Parsons Smith. Jr. Home Office. Third ond Walnut streets. Philadelphia. Pa. At torney for senlre, R. 8. Bnsbeei Char lotte. Business Msnasrer for North Caro lina. E. G. Selbels, Columbia, S. C. 8TATK OP NORTH CAROLINA, INSURANCE DEPARTMENT. Rnlelwh. Feb. 23. 1H09. I. JAMES R- YOl'NG, Insurance Com missioner, do hereby certify that the the nhove Is a true and correct abstract of the statement of the Delaware Insurance-Company, of Philadelphia, Pa., filed with this Department, showlns; the con dition of said ompany on the 31st day of December, 1908. Witness my hRnd and official seal the day anu date above written. JAMES R. YOl'NG, Insurance Commissioner. r 8TATEMENT Sontbeni Undrtwriters' Insurance Company, ef Greensboro, N. C Condition December .Ust, 1D08, as shown by Statement Filed. Amount of capital paid up In cash 150,000.09 Amount Ledger Assets De cember Slst previous yeax 287,145.00 Inoome-v'roin Policyholders, JlcJ6,t2.U; Miscellaneous, l7,sw.7i. Total 124,011.84 D.iUisement To Policyhold ers, Jz,ll9.54. Mlscellan eoua 6,',8J.8ii. Total 1J4.833.40 Fire Risks Written or renew ed during year. $9,t00. 279.00; in lorce 13,44,18.00 ASSETS Mortgage Loans on Heal Es tate ti.aO.M Value of Bonds and Stocks... lto.&l.uu Deposited in Trust Companies and Banks not on interest v.jae.w Agents' balances, representing business wniien suc.se- auent to October L 1908 ... 1J.76LH, Bills receivable taken for fire risks 2"i J3 Interest -o Total admitted Assets 1 LIABILITIES 276,323.44 Net amount of unpaid losses and claims t 1.S82.7J 100,676.99 9,000.0 Cnearned Premiums Cash dividends unpaid to stockholders Total amount of all Liabili ties except capital t 1U.6oS.72 Capital actually- paid up in casn 150.000.90 Surplus 14.668.72 Total Liabilities t 276,12X44 BUSINESS IN NORTH CAROLINA DURING 1908 Gross risks written I 3,809,86B.OO Less 8377,019.00. risks can- celled: and 8585,6S.0O, rein surance in companies au thorised in Nortu CaroUns, 7C.5S8.00 Nat risks written ...I ,147.28L0( Gross premiums received , S7.J96.2 Less 86.M6.it, return pre miums; and 17.254.61 pre- . mlums for reinsurance la mmnanles authorised la North Carolina ... B.601.J7 Net premiums received . 81, 497.03 Losses paid tdeducttng salv- . age) , ...t 9fi9tm Less losses on risks relnsur-i- mmMnfM author- ixed In North Carolina. .... S.J3I.92 Net loesea paid 1. ... ... C1S164 Losses Incurred ... ... ......$ 10,081.27 1ms losses on risks rein ' sured in : companies au- thortted In North Carolina. (.399.71 Net tosses Incjurred - ...... ' 24.69L55 PrMiMent. D. A.- Tompglns: Secretary. AUster.' Home Office. Ill Eaat Kargrt street. Greensboros N. C Business Mao- acger for North Cexotlna, Mevfia Ornce. i STATE QF NORTH CAROLINA,, - ' INSURANCE DEPARTMENT. ' ' Raleigh. Feb. -23, 190S. T. JAMES R. YOUNG. Insurance Com missioner, do herely certify that - the above is a true end correct abstract ef the Southern Cnderwrlters Insurance Company, ef Greanaboret N. C, filed witk this Department, showing the condition of said rompany n the Slst day of De cember. ISjS. . WltneM my' hand and official seal the day and date above written. - - - . ., . JAMES R. TOCNG. ' ' ' - tasarance Commissioner. "Improving the Quality, Increasing the v Quantity of Tobacco Crops j ' The ambition of every tobacco planter is to secure the 1 largest possible crop of the best possible qualityand this is most surely, easily, and quickly accomplished by the use of Virginia-Carolina Fertilizers Al a rule the more liberal the amount of these fertilizers used per acre, the better the results. Mr. John F. Cunningham of Cunningham, N. C, probably one of the largest tobacco growers in th world, says: . "I hare been using your feniliier for twenty years. I haveisoltt tobacco made by this fertilizer as high as Wc a lb. Virginia-Carolina Fertilizer is used by the best tobacco farmers in the Tobacco States. It stands upon its merits. There is 00 better fertilizer made or used -in-the AWtett-Stateaakegreatkasure hLretxramendingit not only to the farmers of Virginia and North and South Carolina, but fo all the tobacco growers, in the Union." ,. , , . ; Th tVsl ntulta an inearlablg obtained wtth th bm or nrwinio-Carotlna Fcrtilhmn Over M million ieat jperm jold last gear. . .', - Be sure and get the 1909 Virginia-Carolina Farmers' Year Book from your fertiliser dealer, or write our nearest sales office and. a : copy will be sent free. V'. ' . , ' : ; Virginia-Carolina Chemical Co. SaUi Oficf Richmond, Vs. Norfolk, Vs. Columbia, S. C. Atlanta.Gs. Savannah. Ga. Memphis, Ten a. Z STATEMENT Aricultnral Insannce Company, f Wattr towa, New York. Condition December Slst, ltttt, as shown by Statement Filed. Amount of capital paid up In .cash I 6OMO0.0O Amount Ledger Assets De- oamber 31st previous year. 1,831.567.60 Income From Policyholders Il.8UMuS.a0; Miscellaneous $125,441.57. Total 1,634,849.77 Disbursements To Pollcyhold- r ers. t7I7,17.SS; Miscellane ous 647,212.11. Total 1,435.130.19 Ffte Risks Written or renew ed during- year, S3)4,7t,- 300.00; in force ' M, 497,600.00 ASSETS Value of Real Estate $ 45,069.53 Mortgage Loans ou Real Ks- tate , 64(1,426.98 Loans secured by pledge of Bonds, Stocks or other col laterals 421.889.78 Value of Bonds end Stooks... 1. 0,711.00 Cash In Company's Office 6,852.511 Deposited In Trust Companies and Banks on Interest 284.191.62 Agents' balances, representing business written subse quent to October 1, 1908.... 252.929,80 Agents' balances, representing business written prior to October 1. 1908 1,124.40 Interest and Rents due and accrued 36,852.65 All other Assets, as detailed in statement 62S.J2 Total ,1I8.052.65 Ies Assets, not admitted.. 64,615.49 Total admitted Assets t 1,063,487.16 LIABILITIES Net amount of unpaid losses and claims 6 lov.i.-u.o I'nesj-ned Premiums 1,61J,131.53 State, County and Municipal Taxes due or accrued 81,709.08 All other Liabilities as detail ed In statement 19,697.89 Total amount of all Liabili ties except capital 8 1.776,058 02 500,000.00 786.779.14 Capital actually paid up in cash Surplus Total Liabilities t 8,063,437.16 BUSINESS IN NORTH CAROLINA Dl'RINO' 1908 Gross risks written I 1.772.400.00 Less imiflu.OO, risks can celled; snd $10,000. rein-' surance in compsnles au thorized In North Caro lina 218,100.00 Net risks written I 1,554,800.00 Gross premiums received ...8 17,109.65 Less i2.jm.bi, return prem iums: andti'1.25 premiums for reinsurance In com panies authorized in North Carolina 2,030.13 Net premiums received ...... --lS,079.6 T.nsas nald (deducting' Salv- are U27.W Less losses on risks reinsured In companies authorised in North Carolina ... Net losses paid L527.9 Losses Incurred I 3.146.04 Less loesea on nsas reinsur ed In companies authorised in North Carolina Net loeaios Incurred I 3,146.04 n 1 . w u Htva,nt! flcecrefsrv. J. Q. AtVms; Treasurer, J. Q. Adams. Home Office. 208 Washington streei, . v v A.Amv for service. Insur ance' Commissioner, Raleigh, N. C. Busi ness Manager ror nonn i,nmn, v. Pleasants. Richmond. Va. STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT. Raleigh. Feb. 23. 1909. t, tim-itsi T TOtlNrt. Insurance Com missioner, , do hereby certify that the above la a true and correct abstract of .... ... nf H Yicultiirat Insur ance Company, ef Watertown. N,, Y filed with this Department, showing the con dition of said company on the Ust day Of December. 1908. Witness my nana ana omcuu seat tne day and date above written. JAMES B, TOUNG. Insurance Commissioner. a DOLlflR SAVED IS ft DOLlflR EARNED ' Walt and Save Money. About- the 10th of March the . Y UNITED WOOLEN MILLS Will open a branch store tt 205 N. TRTOf STREET, where, rm ' will be able to get an ALL WOOL SUIT or OVERCOAT for. ; hfo Mr& Q15: No JLeca MADE TO" MEASURE. Largest sad finest selection of ; woolen novelties in State. Good At .and union, work guaranteed. r . -' - . v LOOK FOR THE BIO $15. , ' MfLE SHOE! NO DR. FISHEirS HORSE SHOEINCTSIIOP ' Mr. Price Netly In charge.. ' . Mr. J. C Paiton, aeeistsurt. , - OPEN' X)R BrsIXESS MARCH 1ST. ' . . Experienced. Practical. Scientific Horse Shoers. ': - No Blacksmith Work. Strictly a Shoeing Shop." , ? nORSE SHOEING SUi Ofitti Durham, N. C. Charleston!. S.C. Bahltaors, Hd. Columbes.Ga. Mewtfui 1, Ala. Shrevepart,Ls. STATEMENT i Palatine Insurance Company, if London, .gland, Condition .December 31st, 1908, as shown by statement niea. Amount of capital Deposit ...$ S0,000.0 Amount Ledger Assets De cember Slst previous year 1,221,321.06 Income B'rom Policyholders. l,64,8Sl.i; MlsoeUaneoua, I214.17J.7Z. Total L768.066.I7 Disbursements To Policyhold ers, ll.WLJOi .; Mleoellan- eous. Ihati.aiUl.!. Total 1,987,592.91 Fire Risks Written or renew ed during year, 8179,692,- 080.60; In force 238,128,831.00 ASSETS Value of Bonds and Stocks ... 2,588,756.00 Cash In Company's Offloe .... 133 W Deposited In Trust Companies and Banks not on Inter- est 66,709.15 Deposited In Trust Companies and Banks on Interest 659.63 Agents' balances, representing buslneaa written ' subse quent to October 1. 1908 .... 328,943.06 Agents' balances, representing buslneaa written prior to October 1, 1908 16,301.17 Bills receivable taken for fire risks 1162 7 Interest accrued 2S.985.87 All other Assets, as detailed In statement " 14.216,38 Total y-.-t 8,084,S6,M Less Assets, not admitted .. 16,311.17 Tgtal admitted Assets $. LIABILITIES Net amount of unpaid loesea and claims I Unearned Premiums Stat County and Municipal Taxes due or accrued Commissions, brokersge and other charges due or to be come due to agents and. brokera All other Liabilities aa de tailed lit statement ... ... 8,018,56.36 41S.S74.17 LlOe, 162,98 28,131.64 38,006.84 S4.MJ7 Total amount of all Liabili ties sxcoDt capital ... ...4 1,817.080.26 300,000.09 1,001.626.07 Statutory Deposits Surplus ...... Total Liabilities ... 3.01S.M6.3I BUSINESS IN NORTH CAROLINA DURING 1908 Gross risks written t 6O6.t63.00 Less 3101,500.00, risks can celled; and 854.144.00, rein surance In companies au thorized in nonn v. llna . 155,644.09 "430,619.00 Net rlaka written ... Gross premiums received I S.47fl.3 Less 81,B.v.t6, rciurn v' miums and 8961.36 pre miums for reinsurance In oompanies authorised In North Carolina m.tt Net pnemiuma received ,wr.l Losses paid (deducting bsIt- ul f 6,624.29 Less losses on risks rein sured In companies author Ited in North Carolina ... L305.J6 Net losses paid ... . Losses Incurred ....I .... S.418.M .174. 2 Less losses on risks reinsur ed In companies author ised In North Carolina L205-3 Net losses incurred .. J6" United States Manager, A. H. WraY Head Office In United States, corner Pine and Williams street. New York. Attar ney for service, Thotnaa Griffith, Ctitr lotte, N. C. Business Manager for North Carolina, Managed from New York Of fice - ' . STATE OF NORTH tuiari. INSURANCE DEPARTMENT,. ' . Raleigh, Feb. 23,. 1903. I, JAMES R. YOUNG. Insurance Com missioner, do hereby certify that thy above -is a true and correct abstract of the statement of the Palatine Insurance Company, of London, England, filed with this departmemV showing the condition of said company on the Slat day of Decern- Witness my hand and official aeat the day and date abovo written. - . - JAMES R. TOUNG, t " , Insurano Commissioner. HORSE SHOETNO MILE SHOEIXQ w 1 I - I .f.-f
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 8, 1909, edition 1
8
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