Newspapers / The Chatham Record (Pittsboro, … / March 31, 1927, edition 1 / Page 2
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PAGE TWO We Close Greensboro, N. C. W. F. CLEGG, Owner and Proprietor. Parking Lot for Patrons LISTEN Before you buy anything- in the HARDWARE line for the spring work on the farm, see and price our goods. We feel that we know what you want and have got it for you at the right price. Also Garden Seed and Cabbage Plants Here. THE CHATHAM HARDWARE CO Pittsboro, N. C. Subscribe for The Record—sl.so per Year —— ! 3 i Watch the signals / —and you’ll see that smokers are headed straight for M Natural J' , Tobacco 7V/ife- ( J taste —that’s what ■ / y° u start out to buy in any mil cigarette, and that’s what you natural tobacco taste of the choicest tobaccos known to tobacco men. * 'faSefctl ~and yet, they’re MILD *\ * Liggett 6c Mtbrs Tobacco Co. * * * ! ADMINISTRATOR’S NOTICE C. A. Snipes, having qualified as administrator of the estate of the i late Tempie Lindsey Snipes, de | ceased, this is to notify all persons | holding claims against the said de- I ceased, to present the same duly authenticated to the undersigned on lor before the 28th day of Feb., 1928. tor this notice will be pleaded in ! bar of their recovery. I This the 28th day of Feb., 1927. 1 C. A. SNIPES, I Administrator of the estate of Temple Lindsey Snipes, deceased. March 3-6tc. ADMINISTRATOR’S NOTICE C. A. Snipes, having qualified as administrator of the estate of the late Seapon Snipes, deceased, this is to notify all persons holding claims against the said deceased to present the same duly authen ticated to the undersigned on or be fore the 28th day of Feb., 1928, or this notice will be pleaded in bar of their recovery. C. A. SNIPES, Administrator of the estate of Sea pon Snipes, deceased. March 3-6tc I COLDS THE CHATHAM RECORD Essentials To Banking Success Harmony and Unity of Action Is Necessary to Do Successful Banking Many and varied are the ideas of the public regarding the attitude of the well regulated bank toward the subject of credits. The list of those who seek to engage the funds of the bank runs all the way from the man who expects a loan of all the money needed with which to set him up in business, to the man who hesitates to ask for a small loan secured by guiltedged collat eral. While there are many grad ations between these two credit re quests, a fixed standard of action as a rule controls the decision of the experienced banker. Primarily the bank is a conser vator of the depositor’s money rather than a maker of profits. As such a conservator, the banker makes it a fundamental principle to lend none of the funds of the bank where the possibility of loss is foreseen. There is also the duty of safeguarding the money invest ed in the bank by the stockholders. Bank loans are not remunerative beyond the going rate of interest. Hence there is but little incentive for the conservative bank to grant a loan, the safety to which is doubtful. It is evident, however, that to a very large extent, business men have the habit of considering them selves on the defensive in applying for credit at the bank. This may be natural and inevitable for some because they feel that their busi ness is not far enough developed to establish a desirable credit posi tion. On the other hand, many business men have their affairs ! in excellent shape for the estab lishment of credit, but for reasons of their own find it undesirable to give the banker the full facts in the situation. If they were aware of the advantages enjoyed by cer tain of their competitiors whose ! complete financial stories are I known by the bank, they would I realize that in withholding infor mation an undue handicap rests upon their own business. The modern bank is an institu tion of credit service. The daily round of every banker in charge of the funds of a bank is a continuous record of transactions in which the bank’s customers, hav ing made known such facts as are necessary to establish credit, pass j in and out of the bank with as lit- I tie delay when they come -to bor- 1 row money as when making a de posit. This has become standard ized practice in modern banking. The man in business does himself a good turn when he gives a bank er, in whom he has full confidence, all the facts regarding his finan cial affairs. This in part is what the banker has in mind when his advertising announces that the bank seeks every opportunity to promote the progress of custom ers. It is only when the banker understands the situation that he can advise wisely with regard to any contemplated business move. What is most needed in the in terest of business development within a given community is that the man in business should choose a bank in whom he has confidence. If he will let that banker know both the strong points and the problems in his business, he may then rely upon those facts being held strictly confidential and re ceiving the banker’s best possible advice and help. Under the con ditions the bank can perform its best service on behalf of a busi ness. The bank does not misuse the confidence and frankness of its customers; and in all import ant matters on which the bank is consulted, its advice and sugges tions are not given “off hand,” but are based upon a large experience and upon a careful estimate of all ‘-he facts in the case. It will not be denied that the banker’s slant on the credit prob lems of the business man is likely to lean toward conservatism at all times. But in periods of seasonal demand or of business expansion, j foi instance, the conservative bank er stands as a balance wheel to the man in business, who in his desire to gain profits may see only one side of the situation. In the com plex business conditions of today there is perhaps no better practice or the average business man than to keep closely in touch with his banker. One thing i s certain, namely, that the banker will not take ad vantage of the necessities of those with whom the bank has credit ealings. His attitude toward his customer, however, and his desire to stand by him ordinarily depend upon the banker's knowledge of the details of the customer’s business over a period of years. The strength and permanency of our banking system rests on this foun dation of continuing regard for the needs and rights of all the bank’s customers. Therefore, the best service possible on behalf of a community is the outgrowth of mutual understanding between the banker and his customers. NOTICE North Carolina, Chatham County. In the Superior Court. G. M. Womble and Others, Ys. Moncure Mill and Gin Company. Notice is hereby given that, per suant to an order of the Superior court made in the above entitled proceedings, all parties having claims against the Moncure Mill and Gin Company for cotton seed, are required to present and prove to the receiver their respective claims, by furnishing an itemized, verified statement of the account to W. R. Williams, receiver, San ford, North Carolina, on or before the 15th day of April, 1927; said claimants are further required to state under oath, any special con tract under which seed were left with the defendant, Moncure Mill and Gin Company, and all creditors and claimants failing so to do are hereby notified that this notice will be pleaded in bar from creditors participating in a distribution of the funds deriving from sale of seed. This the 14th day of March, 1927. W. R. WILLIAMS, Receiver. NOTICE TO CREDITORS Having been appointed and duly qualified as executor of the last will and testament of Dr. P. D. Las siter, deceased, this is to notify all persons having claims against the estate of the said P. D. Lassiter to present them to the undersigned on or before the 24th day of February, 1928, or this notice will be plead in bar of their recovery; and all per sons indebted to the said estate are hereby requested to make immed iate settlement of the same. This 24th day of Feb., 1927. STUART P. LASSITER, Executor P. D. Lassiter, deceased. Long & Bell, Attorneys. Feb. 24, 6t. ADMINISTRATOR’S NOTICE C. A. Snipes, having qualified as administrator of the estate of the late Jeter Snipes, deceased, this is to notify all person sholding claims against the said deceased to pre sent the same duly authenticated to the undersigned on or before the 28th day of February, 1928, or this notice will be pleaded in bar of their recovery. This the 28th day of Feb., 1927. C. A. SNIPES, Administrator of the estate of Je ter Snipes, deceased. Siler & Barber, Attorneys. March 3-6tc I ADMINISTRATOR’S NOTICE Having this day qualified as ad ministrator of the esate of W. A. Allen, late of Chatham county, N. C., I hereby notify all persons hav ing claims against said estate to present them duly proved on or before the 22nd day of February, 1928, or this notice will be pleaded in bar of their recovery. All persons indebted to the es tate will please make payment to the undersigned. This February 22, 1927. J. H. NORWOOD, Feb. 24 6tc Administrator. EXECUTOR’S NOTICE Having qualified as the executor of the estate of M. A. Cockman, deceased, late of Chatham county, North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the undersigned at Aber deen, N. C., on or before the Ist day of March, 1928, or this notice will be pleaded in bar of their re covery. All persons indebted to said es tate will please make immediate payment. This 26th day of Feb., 1927. J. TALBOT, JOHNSON, Executor of M. A. Cockman, de ceased. Johnson & Johnson, Attorneys. March 3, 6tc. 666 Is A Prescription For Colds, Grippe, Flu, Dengue, Billious Fever and Malaria. It Kills The Germs. The Public Is Hereby Notified That « Fire policies No. 2501 to 2525 inclusive of the Ore ir flflj N. C., Agency of the National Union Fire Insurance c ■ pany, Pittsburgh, Pa., have been lost, mislaid, or stolen , der which circumstances, their being unauthorized, said® r lices are null and void. ' !j The holder of these polices will please return them to 1 Company at Pittsburg, Pa., or to R. K. Ramsey, 204 Comm 1 1 cial Bank Building, Raleigh, N. C., and should there be return premium involved it will be promptly paid. In case of loss claimed by any person or persons as hob I of these policies, the company will deny any or all liabil’t I thereunder. Mar. 24-I^l I Subscribe for The Record [ ~ STATEMENT ~ ; Equitable Fire Insurance Company, Charleston, S. C. Condition December 31, 1926, As Shown by Statement Filed. ’ Amount of Capital paid in cash $ 300.000. fr Si ! Amount ledger assets Dec. 31st previous year; Total $1,040,322.3® > Income —From policyholders, $211,495,37; Miscellaneous, ’ ; $57,596,67; Total 269,092.(1 i . Disbursements —To policyholders, $127,435.36; Miscel- J laneous, $137,726.66, Total ; 265,162.0 j 1 Fire Risks —Written or renewed during year, $55,988,058.- 1 79. In force ; 30,372,835.0! > All other risks—Written or renewed during year, $3,330, 825.01. In force, 1,316,311 os ASSETS. I Value of Real estate 14,000.00 Mortgage Loans on real estate 27,907.00 1 Loans secured by pledge of bonds, stocks, or other collateral 3,800,0! 1 Value of bonds and stocks 937,112.44 : Cash in company’s office 6,4872; , Deposited in Trust Companies and Banks not on interest 9,346.6 S ! Deposited in Trust Companies and Banks on interest 8,090.73 Agents’ balances, representing business written subsequent to October 1, 1926 37,508.2; Interest and rents due and accrued 7,261.82 All other Assets, as detailed in statement 69,542.5! Total $1,121,056.72 LIABILITIES Net amount of unpaid losses and claims $ 26,222.8! Unearned premiums 222,485.25 Estimated amount payable for federal, state, county and municipal taxes due or accrued 25,000.05 All other liabilities, as detailed in statement v 7,050.0! Total amount of all liabilities except capital $ 280,758.05 | Capital actually paid up in cash $ 300,000.00 Surplus over all liabilities 540,298.67 —————— Surplus as regards policyholders $ 840,298.6? 1 Total liabilities $1,121,056.72 i Fire risks written, $4,935,123.65; Premiums received 64,068.33 lb All other risks written $ 1071.42; Premiums received, 20.82 Losses incurred— Fire $ 21,460.16; paid 19,899,04 Losses incurred—all other, $ .17; Paid $ .10 President, David Hugnenin, Secretary and treasurer, W. G. Mogyck. Home office Charleston, S. C. Attorney for service: STACEY W. WADE, Insurance Commis sioner, Raleigh, N. C. Manager for North Carolina, Home office. (Seal) STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, Raleigh, N. C., Feb. 14, 1927. I, STACEY W. WADE, Insurance Commissioner, do hereby certify that the above is a true and correct abstract of the statement of the Equitable Fire Insurance Company, of Charleston, S. C., filed with this department, showing the condition of said company, on the 31st day of] December, 1926. Witness my hand and official seal, the day and year above written, i STACEY W. WADE, Insurance Commissioner, j STATEMENT East and West Insurance Company, New Haven, Conn. Condition December 31, 1926, As Shown by Statement Filed. Amount of Capital paid in cash $ 500,000.' Amount ledger assets Dec. 31st previous year, $1,632,593.- 89; Increase paid-up Capital; Total 1,632,593.89 Income —From policyholders, $542,920.71; Miscellaneous, $110,856.58; Total '. 653,777.29 \ Disbursements—To policyholders, $225,483.79; Miscel laneous, $216,176.25; Total 441,660.05 Fire Risks—Written or renewed during year, $129,511,653. In force 113,176,702.05 All other risks—Written or renewed during year, $23,734,- 613. In force, 16,405,146.0! Assets Mortgage Loans on real estate $ 284,000.00 Value of bonds and stocks 3,392,784.4) Cash in Company’s office . 45.9 i k Deposited in Trust Companies and Banks not on interest 15,119.5a Deposited in Trust Companies and Banks on interest 28,614.03 j Agents’ balances, representing business written subsequent to October 1, 1926 ■ 118,078.01 ? Agents’ balances, representing business written prior to Oc tober 1, 1926 1,106.16 Bills receivable, taken for fire risks 1,146. b Interest and rents due and accrued 21,793. - Allother Assets, as detailed in statement 109,218.03 Total $1,971,906.40 Less Assets not admitted 1,156.9 i Total admitted Assets $1,970,749.43 LIABILITIES Net amount of unpaid losses ... and claims $ 59,375.0* Nnearned premiums ... 567, 833..’ Salaries, rents, expenses, bills, accounts, fees, etc., due or 1 accrued 5,000.00 j Estimated amount payable for federal, state, county and municipal taxes due or accrued 50,000.0’- | Contingent commissions, or other charges due or accrued 2,500.0-' All other liabilities, as detailed in statement Total amount of all liabilities except Capital $ 687,208..' I Capital actually paid up in cash $ 500,000.00 Surplus over all liabilities 783,540.53 .1 Surplus as regards policyholders $1,283,540.3-’ Total liabilities $1,970,749.^1 Business in North Carolina During 1926. Fire risks written $453,517.00; Premiums received 3,505.35 1 All other risks written 15,168.00; Premiums received Losses incurred—Fire S 3,045.08; Paid 3.029-?- 1 Losses incurred—All other $ .85; Paid President, Victor Roth, Secretary, W. A. Thomson. Home office 175 Whitney Ave., New Haven, Conn. Attorney for service: STACEY W. WADE, Insurance Commit | sioner, Raleigh, N. C., Manager for North Carolina home office (Seal) STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, Raleigh, Feb. 21st, 1927. j I, STACEY W. WADE, Insurance Commissioner, do hereby cert I *. ;| that the above is a true and correct abstract of the statement of *. 9 East and West Insurance Company, of New Haven Conn., filed i this department, showing the condition of said company, on the 31st mi | of December, 1926. I Witness my hand and official seal, the day and year above written- | STACEY W. WADE, Insurance Commissioner. Thursday, March ai ' '
The Chatham Record (Pittsboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 31, 1927, edition 1
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