Newspapers / The Franklin Times (Louisburg, … / Feb. 14, 1936, edition 1 / Page 2
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PRESIDENT JULIAN PRICE TELLS STOCKHOLD ERS OF EXCELLENT PROGRESS IN TEAR BIO GAIN IN ASSETS Large Increase in ImaruM* in Force, Present Total Being j $32?.K87,?14, A Gain ol 6 Per Gent Over 1?S4 ? Other In-' creases I "New Insurance sold in 1936", President Price reported. mounted to 149,624,700, an in crease of 6 per cent over 1934, while the increase (or all United States companies was only 1 per cent. Our insurance in force in creased by over $16,000,000. We now have in force 1319,837,614. The persistency rate was much better." Big incrraw In Assets The Company's assets Increased by $4,317,937 during the past year the assets now totaling $62, 206,099. the highest in the his tory of the Jefferson Standard,! Mr. Price showed. The mortality rate has continued to improve. | Qross income increased $1,149, 724 over 1934, while the dis bursements were less by $327,39l'| The company said in dividends to policyholders $547,097, yet In creased its unasslgned surplus $175,000. "Our contingency re serve for real estate depreciation .tnd fluctuation in value of as sets," said President Price, "has been increased by $325,000, now standing at $1,326,000. Adding this to our capital and surplus of $3,000,000 gives us $4,326,000 In capital, surplus and contingency reserves over liabilities. This puts us in the strongest financial posi tion in our history." Col. William A. Blair, of Win ston-Salem. presided over the meeting of the stockholders. Pre sident Price presided over the meeting of the directors. Both sessions were held in the com pany's big home office building here. In addition to the annual re port by Mr. Price excellent re ports were submitted by various other officers. Stockholders, quite largely re presented at the first meeting, de clared themselves much pleased with the excellent showing made by the company during the past year, and there were a number of similar expressions at the direc tors' meeting, attended by every member of the board of directors. Mr Weldon D. Egerton. one of the States most thoroughly In formed and successful Insurance men is the local representative for this popular home company and his many friends delight with him in the splendid showing he has made since being with the com pany, standing with the top-notch ?rs in production of business, throughout his entire connection witn the company. Attention was called to rhe fact , ?i? Jefferson Standard has 1,000 agents and Is operating In 24 states, also the District of Col umbia and Puerto Rico. President's Report Payments to policyholders and beneficiaries in 1935 aggregated $6,961,892, President Price's re port showed. The assets of $62,. 206,099 were shown to be "ap proximately double the amount owned 10 years ago." The com pany is continuing to make satis factory investments, having In vested more than $6,800,000 in high class city and residential pro perty during the >ear. Bonds nought in the last two or three years are yielding a good interest rate and at the same time have steadily Increased In market value. With more than $1,250,000 ? 11 bank|, and more than $1, I7n? 2 s " quickIy marketable United States government bonds we have ample liquid resources. We continue our payment of 5 ier ceijt interest oq funds held in -tj-ust for Policyholder* and bene ficiaries. As long as we continue to make investments producing satisfactory interest yield we be lieve we are Justified in paying this rate of interest. The Jeffer son standard has paid 5 per cent interest on funds held In trust ?ince organization in 1907." Payments made to policyholders and beneficiaries since organlia tion of the company were shown to total $87,350,650. Capital, sur plus and contingency fund acce nted $1,960,000 In 1936 ? 10 $4*325 by C?0nr?,r'SOn wlth i 88 of December 31, it was reported. During the $3?23P9ei26q afsgei" 'ncre??ed from ?il, 239,269 to $62,206,099, and force increased from $265,816,777 to $329,837,624. ed wHh S?"V,rep*rt '? Present with the feeling that you win be highly pleased with the re cord o( accomplishment," said President Price, who alluded to "all indications" as presaging "another year of successful ac complishment In 1936." GIVES FINAL FIGURES ON BENEFIT PAYMENTS A final tabulation of AAA bene fit payments shows that North Carolina farmers received a total of $17,589,004.46 in 1935 for co operating in the crop adjustment programs. The money was disbursed as rentals on land retired from the cultivation of basic crops and aa adjustment payments to the far mers who limited the production o t these crops. The payments in this State for 1935, according to figures an nounced by Dean I. O. Schaub, of State College, were divided .\ mong the growers of various crops as follows: Tobacco growers $9,359.220. 81. cotton growers $8,717,981.05, peanut growers $813,904.11, corn hog producers $634,489.68, and wheat growers $63,804.81. Although this includes all the checks distributed during the ^ -SEE VETERAN BILLIARD INSTRUCTOR Qect&e Spear's MULLEN'S BILLIARD ROOM Market Street Louisburg, N. C. at 9:45 P. M. Wednesday, f A FEBRUARY */ -- No Charges -- LADIES CORDIALLY INVITED Battle of the Giants by A. B. Chapin Help Kidneys ? If poorly functioning Kidm-ys and : Bladder make yoo ?offor from Getting Up NitfhU. N?ttou*m?*, Kbmomsac pdn> ptlffn? l Bornin*. Smartta*. ? nsEss&ss =s* cr?<?* 2roSs?:??ss year. Dean Schaub stated, it does not include all the money due the growora for their part in the 1935 AAA programs, as some of the payments are still due. Henry A. Wallace, Secretary of Agriculture, and other high gov ernment officials announced shortly after the Supreme Court voided the AAA. that some way would be found to complete all payments due farmers under crop I adjustment contracts. The total payments for all crops ! last year, divided by counties, j shows that farmers in Franklin County received $334,808.89. 1 r ^ I 65pt 1.25 QT, ?AGED IN THE WOOD I/-N0 COLOR ADDED Old 6axic oistiiung co..mc (UCHMON D, VIRGINIA DRY FEET Dry feet during wet, cold, wintry weather are essential to good healtb. The cost of water-proof lolea Is much less than a doc tor bill. Our solid oak, water-proof lea ther soles and heels is the belt Investment ia winter health that yon can make. ^58 GANTT'S SHOE SHOP last Nash Street ' Louisbnrg, N. 0. The Durham pattern exchange operated by home demonstration! club members owns 304 stylish patterns at this time. In starting the new broiler pro ject in Craven County, 5,200 baby chicks have been ordered to date. JAPANESE OIL Mafe la V. S. A. - Tk* AiHuptic Scalp M.dicite fna ?r?a?ry Hair Tanks - ?k??l. FCCl IT WOiKI At Alt Orvflgliti Min "Tfca Tr.n aw TM MtH." Nallaaal ????<> ?a . Ntw Tark SUBSCRIBE TODAY ! Refreshing Relief When You Need a Laxative Because of the refreshing relief It ruts brought them, thousands of men and women, who could afford much more expensive laxatives, use Black Draught when needed. It Is very economical, purely vegetable, highly effective. . . Mr. J. Lester Roberson, well known hardware dealer at Mar tlnsville, Va . writes: "I certainly can recommend Black-Draught as a splendid medicine. I have taken It for constipation and the dull feelings that follow, and have found It very satisfactory." BLACK-DRAUGHT QUEEN OF ALL THE HENS ; 4 MONi; rut MILLIONS .>< liens in I ** America today, the blue ribbon for c*i;k production goes to only one. She earns first prise with 324 ejttt* a *rcar tor two ronnecutive vears ? more than tour tinier the national ? v erase M 70. Suppose 'verv hen did that. I flunk *vb?f profits 'hat would mean ! :o tXJUltrv men But moat hens are ?usi hens -ommon. ordinary hens There is vilv one rhampion. To ?usi >ne single hen. Nature Rives i (he ^ital >par?t ? that pertect nat tiral nalance nt all the elements 'hat make a champion. H?e .hampion hen Is Mother Nature at her best ? one of Nature's rare masterpieces. Because she stands out from the flock, because she does thirds that other hens can't do, she is worth her weight in gold, while the rest of the flock is worth ia>t about two hits a pound ? dead or alive. And here is another of Nature's iTiasterpieces ? Natural Chilean Soda Like the rhampion hen, Chilean has Nature's priceless gift ?natural blend and balance of many fertilirer elements ? vital inv puritie* T he vital spark ? the secret of every champion ? is in Chilean Nitrate, born there, and kept alive through enturies of aging and mellowing in the ground. AN Chiltajjb*' NITRATE ains almost two score of major j and minor elements such as boron, magnesiumt manganesf. iodine, calcium, potassium, etc. ? each a j vital element in growth and development of plants. Vith Vital Impurities In Nature'* Own Balance and Blend ^ NEW LOT EVENING DRESSES ASSORTED COLORS AND SIZES NICE VARIETY EVENING SUPPERS IN GOLD AND SILVER, HIGH AND LOW HEELS. One rack Dresses up to $9.85, all $1 .00 each small sues, to go at 1 One lot Shirley Temple Dresses in $0.49 each crepes, Special price of ** NEW SPRING HATS . 98c to $1.95 Swagger Suits, all wool plaids $A.95 up Also Navy Blues " All Wool and Part Wool Blankets . . . $1.98 up Mirlee Sheets, 81x99 sheets 95c each Pillow Cases, 42x36 25c each Nice variety Chenille Rugs, Q7c each Specially priced '* ? Ladies Full Fashion Hose 49c to 98c Ladiet New Spring Shoes, Oxfords, Ties, Pumps, Blue, Black and Tan $1 .98 to $0.95 combinations * ** Childrens Oxfords, Ties and Straps, Special 98c A SPECIAL REDUCTION ON ALL MEN'S AND BOYS' FURNISHINGS. We have a complete line of Boots, Galoshes and Rubbers for the Family. Come to see us, we appreciate your business. ROTH-STEWART CO. QUALITY STORE LOUISBURG, N. C. HENDERSON, N. C. NEW SPRING DRESSES 4 AND SUITS i SPECIAL PRICES / SEE THEM BEFORE YOU BUY. SEE WINDOW FOR SPECIALS NOW ON DRESSES, COATS AND SHOES CURTAIN 3QC pr. SPECIALS W BEAUTIFUL SPRING SHOES ... $1.98 to $3.48 ALL SIZES UP TO 9x12 FELT BASE RUGS SPECIAL THIS WEEK MEN'S DRESS SHIRTS, Eftc and Ale JuBt a few left at " t ?0 V.E. OWENS fit CO. ? S5.00 Nash & Market Sts. $6 00 Stores Louisburg, H. 0. Stow* "IT COST LESS AT OWIK8',' * ? ? - ** '
The Franklin Times (Louisburg, N.C.)
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Feb. 14, 1936, edition 1
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