Newspapers / The Western Sentinel (Winston-Salem, … / Dec. 7, 1922, edition 1 / Page 2
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THE TWIN-CITY SENTINEL, WINSTON-SALEM, DEC. 7, 1922 2 LIFE IHCFJ CD.S IKIG III FARM PAPER Mortgage Loans This Class of Property Has Doubled In x Past Five Years NOW TOTALS $1,418,000,000 This I Larger Than The City Prop erij Mortgages Held By Compan ies; Total Amou ot V. S. Life Insurance Companies Now About Eight Billion Dollars Nsw Tork, Deo. 1 Portrayal of the remarkable expansion of Ameri can agriculture, up to November first of thla year, wag pictured in original investment statistics of life insurance companies submitted at the sixteenth annual convention of the Association of Life Insurance Presidents here today. These figures, presented by President William W. McClench, of the Massachusetts Mutual Life In surance Company, of Springfield, Mass., show that the farm mortttiisa loans held by American life insur ance companies have doubled in less than Ave years and th total, (1,418, 000,000, is now In excess of the com panies' loans on city property. At the end of 1917. the farm mort gage loans of the life companies were $780,000,000. Three years later, at the end ot 1920, these mortgages amounted to 1 1,086,001). 000 and since then the figures have shown even larger relative Rajns. More than 1130,000,000 was added in 1921 and ,1113,000,000 more up to November first of this year, making a total in crease of (332,000.000 in 23 months. The figures submitted deal with the Investment transactions of companies holding about 90 per cent of the total Investments of all American life In panies had added $129,500,000 to heir city mortgage loans in liil ana 106.500,000 more during tne nrst ten months of 1922, making a, total of 36,000,000 in the 22 months ended November first. This make a- tolal j of $1,366,000,000 Invested in oityi mortgage loans, as against $1,418, 000,000 invested In farm mortgages. : THe total assets of all American! life Insurance companies at the end of 1921 was almost eight billion dol lars, the exact figures being $7,936, 000.000. The net Increase In their assets during 1921 all available for current inveatment was $616,000,-J 000. Mr. JlcClench stated that more than half of the current investment funds of the companies are now be ing used to aid in meeting the de mand for additional shelter and in creased food production in the United Slates. The outstanding city and farm mortgage holdings of the life Insur ance companies are now far ahead of their Investments In railroad se curities. At the end of 1911. the speaker said, the railroad securities held bv approximately the same com panles"amounid to $1,383,000,000, or 35 1-2 per cent of their assets; ten years later, at the end of 1921, the holdings in railroad securities amounted to $1,769,000,000. or only 23 3-4 per cent of their total assets. At the end of 1911 the pity and farm mortgage loans of the companies to gether totalled $1,229,000,000, or 31 1-2 per cent of their total admitted assets; at the end of 1921 the total mortgage loans amounted to $3,568, 000,000, or 34 1-3 per cent of the to tal assets. For the first time In many years the railroad securities held by the i - . at nA nf companies onuwru. a " -" j 1921, an actual decrease, uiiir mint $23,600,000 less of such Investments, as compared with the iear before. The first ten months of this year, however, present an Improvement in this resnect. "Ths outstanding feature of life insurance Investments during the year 1921," said President Mo Clench, "is the great Increase in mortgage loans. The $350,000,000 that was so invested in 1921, in ex cess of the amount for 1920, consti tuted 56 per cent of the total Increase for the year. The reasons for this large Increase are not difficult to find. During the period of ths war and In the years Immediately suc ceeding, the bulldlns onerations of the country were below normal. In 1921 there was unusual activity in building and the demands for money tnr mich nneratlons together with the requirements for the Increasing agri- SOME FEATURES OF EARLY NEWS TODAY marked the nrst time in tne msiory , . an neM for invest- of the life Insurance companies that their farm mortgage loans exceeded .their city loans, since these two kinds of Investments have been separately classified. In response to the continued de mand from all sections ot the coun try for increased housing facilities. Mr. McClench said that the com- SLIGHT NOISE WOULD DRIVE HER "MAD" Woman Credits Paw Paw Tome With Helping Her Back to Healtlf From Highly Nervous Condtfon 'Alter using one bottl of PAW PAW TOH1C I can say without sxsg gerition that I have addeif years to my life," writes Mrs. A. . 1iUiams, 33 S. Blakely Street, Dunmo e, P. "I was in a highly dotous condition due to an attack of crip. I could scarcely do my household work. The least noise grated on Any nerves end would drive me slmosfmad. "Thanks to PAW PAW TONIC I am once more back ts my old self and I enjoy my work, sleip and rest like s babe. I ask all stfferera to employ PAW PAW TOIWJ if they wish to enjoy life." I Is not such since gratefulness eon- Tinting evidence flat Munyon's Paw Paw Tonic will do (What is claimed for mpnts o f life insurance funds. 'The next largest Increase for the year was In premium notes and loans to policyholders. These aggregated $148,000,000. This increase brought the per cent of reserves loaned to policyholders up to 15.22 per cent compared with 13.94 per cent St the close of 1920 and 17.86 per cent, the high mark set in 1916. This Jump of 1.21 per cent in the ratio of policy loans and notes to reserves last year is the largest in any year since the increase of 146 per cent In 1908 which had followed the still larger increase of J.9 per cent In 190T. "Investments In stocks and bonds increased by nearly $92,000,000, dur ing 1921, notwlthstandlnar a decrease of $23,500,000 In the amount Invested in railroad securities. The gain in stocks arM bonds was the result of the Increased Investments In govern ment, state and municipal securities. During the first ten months of 1922, however, there aonears to be a dis tinct revival of interest tn railroad obligations. The returns received for that period of the present year show an increase over the amount Invested In that class of securities at the clOBe of 1921 of 195,000,000, as compared with a decrease during 1921 at $38, 560.000." Making a plea for the steam trans portation systems, Mr. McClench said: 'That the railroads of the country should receive Intelligent support cannot be doubted. No In dustry or enterprise in America Is more essential to our national pros perity. The policy of governmental regulation of the railroads is prob ably a permanent condition of their 1 1. ,n if the tmnimnrratlon needs it? Proof, howevel, talks louder than 1 ,,f th. wmintrv are to be met the rail- Ambaasador Child, at Lausanne, speaking for the United States, asks full access to Black Sea In peuce and war. Tchltcherln declares allied pro posal for regulation of ' Turkish straits Is directed against Huasia, and will compel her to arm for de fense. Joseph P. Tumulty, after three months' stay with his injured daugh ter in Munich, defends Bavarians and denies they discriminate unduly against foreigners. British steamer Clyne Rock col lides with American Liner, George Washington, off Dover, England; damage not revealed. London reports that Gabrlelle d'Annunzio Is seriously ill at Oar done, g Clemenceau recalls old times In his visit with Woodrow. Wileon and de scribes their meeting as affection ate. Representative of American Farm Bureau Federation, In speech at Burlington, Vt., says average net income of American farmer will be leas than $465 this year. Mayor of Montreal declares burn ing of Catholicinstltutlons in Canada is work of fanatics, who he believes are not Protestants and have used Ku Klux Klan as cloak. Freida Hempel, singer, reports that New York apartment has been robbed of jewels and articles worth St least $25,000. James C. Penny, head of 871 stores In 29 states, takes out single life in surance policy of $1,500,000, making his total life insurance $3,000,000. Dr. Amy Kaukonen, mayor of Falrport, Ohio, tells New Yorkers ot her fight against bootleggers. Generals Pershing and Dawes, at Chicago, appeal for suppression of radicals, deeper patriotism and more powerful United States army. Norman Selby, better known as Kid McCoy, files bankruptcy peti tion at Los Angeles. Indianapolis mayor announces a sanity teat for all persons arrested for automobile speeding. Governor Russell, of Mississippi, in federal court, denies charges made by woman stenographer in her suit for $100,000 damage. Fire insurance makes you safe. A- V. Nash & Sons Co. Have you something for sale? Do you want to sell it very bad? Then try a Want Ad in the classified department of The Sentinel. GARPENTIER HAS CHALLENGED II Place To Settle Controversy Is In Ring, And He Puts It Up To The Black Man Paris, Dec. 7 (By The Associated Press) Georges Carpentier believes the best place to settle the contro vrsy over his recent bout with Bat tling Siki is in the ring. Writing to Le Journal, the French boxer says: "Here is what I propose to Sikl: Notwithstanding hia diquallfication and the disqualification I might In cur, I offer to meet him at any date he likes in public or private. Should he be ready to put up a stake I bind myself to pay to charity that stake, or purse, if one Is offered. I am ab solutely certain I would finish Bat tling Siki this time In less than three rounds." M. Henri Bernstein, referee of the Siki-Carpentler fight, told L'Auto today he heard Sikl say: "Don't hit at my etomaoh; you hurt me." M. Bernstein, however, said he at tributed no importance to the words, which were similar to many he has heard during hia experience as a referee. Reports have been current that Bernstein at a meeting of referees attached to the boxing fed eration, declared he heard Sikl say something to Carpentier which proved that the match had been framed. M. Gras, who was Bikl's chief second In the' match, heard noth ing that would throw light on the charges of a frame-up, L'Auto learns. During the fighting M. Gras noted, according to the newspaper, that Siki fought like a novice in the first round. He recovered somewhat In the course of the second and was still better in the third, . which Beemed to indlfate an understand ing between the boxers. Interest in fhe controversy extend far beyond the sporting public and the affair is receiving more atten tion than the Lausanne conference. L'Auto says that Carpentier, Des camps and Hellers have been sur prisingly inactive, contenting them selves with calling Sikl a prevari cator, instead of demanding that the boxing federation Join them in mak ing a complete invtstigation. The article, which was written before Carpentier expressed .his desire for another meeting with Siki. says the federation instead of welcoming Deputy Diagne's efforts In behalf of the Sengalese as an attempt to pur ify sports, treats him as an enemy of boxing. The Echo de Paris asks for the proofs of the Siki allegations, which Deputy Diagne is supposed to. pos sess. This journal says that the de lay In producing them is evidence that they do not exit. Fire insurance makes you 6afe. A. V. Nash & Sons Co. Don't Take Calomel! "Dodson's LiveTone" Acts Better and Doesn't "Gripe, Salivate or Map You Sick Don't Lose a Day's Work lead Guarantee Ugh! Calomel makes you slckl It's horrible! Take a dose ot the dangerous drug tonight and tomor row you may lose a day's vu?rk. Calomel is mercury or quioVsllver which causes necrosis of the BWies. Calomel, when It comes Into contact with sour bile crashes Into It, brea! lng It up. This Is when you feel that awful nausea and cramping. If you are sluggish and "all knocked out," if your liver Is torpid and bowels constipated or you have headache, dizziness, coated tongue, if breath is ba or stomach sour, just try a spaunful or harmless Douaon S Liver Tie tonight. Iere's my guarantee Go to any tlgVig store and get a bottle of Dod- sin's Liver Tone for a few cents. ike a spoonful and If It doesn't raigtvten you right up and make hi feel fine and vigorous I want you go back to tne store ana get your money. Dodson's Liver Tone is de stroying the sale of calomel because it Is real liver medicine; entirely vegetable, therefore It can not sali vate or make you sick. (adv) A good many people buy their tires from us, because they like our service. This service is a commonseriM ap plication of the little thinga that mean long and satisfac tory wear from youatires. t 4x3V4 - $12.50 31x4 . . .1 . 1.50 334 ..IIJ.1..&5.25 34x ...yVjy 25.90 Msvvff) oArtmr Tires Tubes Rxi I Tire Service tool I Company ' lOQC I 228 X. Main St. IfW I PHOXK 225 ivy I Free Road Service claims. Ton can plove to yourself that it can Klnf me h ppiness ot health to you. Buy a ti bottle of Paw Pw Tonie. Toors will be i odd case indeed, whether you su er from stomach trouble, nenouam , insomnia, heart bum, indigestion 0 wellness, if it does ot quickly benefit ou. If you have 01 zy spells there is probably t deflcien s in the amount of Mood being Bumped to the brain. - A toads must receive sufficient Income to make their securities attractive, "In 1 880 the railroad mileage of the country was 30,626 as against more than S63.000 In 1920. In I860 the life insurance in force In the I'nlted Htates amounted to 1 180.000, 000 represented by about 60,000 pol icies. At the close of 121 the amount in force. Including both or dinary and Industrial, was approxi mately $45 iiOO.uOO.OOO representee; bv 70.490 000 policies. It Is well lew dotes of Pew Psw in practically all known that the rapid development of such cases htve strengthened ths Heart Action, send ing new, clean blood through the brain and body. Buy it st say first das drof store. Idunyon't Homoeo pathic Hams Remedy Co.. Scrsnton. Pa. Sold in Winston-Salem-by O'llan Ions Drug Store, and itll other up-to-date druggists. j M u SMOKING JACKETS -y u f in I III I VII I k I Si He wouldn't buy it for himself but would be tickled to get one $6, $7.50, $10 to $18 Boxes Free FOMOW THK ARJtOW to ft the railroads of the country during the period following the Civil War was due In large part to the assist ance the roads received from the life insurance funds Invested In their se curities. Without that assistance the building of railroads, the develop ment of farming sections, and the growth of towns and cities would have proceeded at a much less rapid rate." ! THRONG OF CHILDREN GREET SANTA CLAUS Fully two thouand children, and fevc-ral hundred grown-ups, who wished to he children again, met ths i four o'riork Houthfeoutid train yes ITilay afternoon to welcome Banta iClaus to the city. It looked like a ! cirrus hid come to town, the exclte- ! tti..r.t u'l.m a,i trtfrtiii Immediately after getting off of ;the train, and greeting the children Old Hanta took a ride over the city. accompanied by many of the young -M-r.- and tlH-went directly -to GU- ; mem store, w here he opened up his 1 roytown I Here be spent most of the sfter- ! no'.n greeting the hundreds of chll idrt-n who eagerly told him what they ; wanted him to bring them Christ , mas. Santn snnolmced to the children ,ttmt he will be at Gllmers, his Win-jHton-Kiilem headquarters, until j Christmas. j He also announced to the children that he would like for them to read ' his advertisements In The Sentinel, !and that he iil give a handsome doll to t lv slrl and a tram to the I boy who finds ihe nm mistakes In the' (lllmer s advertisements from now un;u Christmas. Ya ' ( : - M ", ""V 4 1 "vssasSssriiiiXMaMgBMBasSBsasMssk. When Three Is Company It is a common expression, "Two is com pany, three a crowd," but perhaps those who use it forget a Bookrr" A good book may be enjoyed by all mem bers of the family and only ownership of it will give one the love of its old pages and dog's ears. Christmas Books Books are something every you enjoys. It makes little difference wh ages of your kiddies may be, we have a volume that will catch their eye and their interest. - All of our Books are educating in their own way, so come and select several for : the little ones' Christmas. ....... . ... - Yi A v x-. Kl A Ai u Vatkins Book Store I'.I'Uh. ) It will be a rd letter Christmas for your children if you make your selections from the "Gifts for Chil dren" In the "C'hrintman Gift 6ug gestions" columns in today s C'assl. fled Section. (Adv.) Baby clothes, fancy articles, good things to eat, Class Num ber Three First Tresbyterian Church Bazar, Elks Home, Fri day. Come. ' WW ! ..... yy.: - ' 1 t the 1 mw Bold! I 1 - - J 416 North ft J' ' NO DELIVERY - NO CREDIT - HO CLERKS IN HISST0R COME AFTER SUPPER- OPEN UNTIL 9PM SATURDAYS pj xwe jjJ wen mr ri 1.1 u a. 1 11 11 1 1 x. r 'a snj 'mw 1 HEU5 YOU SAVE PfcNNlti ooiurs Old Dutch Qeanser, can. ....... 7c Octagon Soap, big cake 6c Palmolive Soap, cake . . . . 7jc Campbell's Pork and Beans, can 10c Corn, extra good, can. . . . . 12c Peas, extra good, can 1 .... 16c Libbey's Pineapple, can...... 23c Rumford Baking Powder, lb . . 28c Soda, Arm & Hammer, pkg. . . . 4Jc Good Luck Baking Powder, can 7c Karo Syrup, can, small 10c Karo Syrup, can, gallon. . . ... . 49c Corn Flakes, Kellogg's, pkg.. . ., 9c Cream of Wheat, pkg..yC... . . . 24c Shredded Wheat, pkgjr . ...... 13c Bread Quality, O'BrfenV and LoaJ 9c 6c 6c 18c 18c Liberty, the Uneeda Biscuits, pug Oysterettes, pkg. ....... . . Large Jumbo Celery . . . Large Iceberg Leftuce Irish Potatoes, round ,. . . . 2 k forheruit CAKE Raisins, CurrMitsI Citron, Orange Peel, Lemon Peel, lyr Figs, Package Figs, Glace Cherries,Xlace Pineapple Hearts, and Fingers, Crystallized Ginger. We Also Have Gardner's and National .FruitCakes D RUGS Yerke's Cod Liver Oil. . . . .... 73c Wampole's Cod Liver Oil : 84c Creomulsion . T $1.08 Bayer's Aspirin Tablets, doz.. . 15c Milk of Magnesia, large . . . . 44c Wine of Cardui . . . .. . . . . . . . ; . . 84c Black Draught .. . . ... 19c Kolynos Tooth Paste. . . . 24c MEAT S Swift's Heavy Fat Back, lb.. 14c Fancy Leg of Lamb, lb.. . . . ... 35c Pork Chops, lb . ... , ... . 30c Fancy Rib Veal Chops, lb. . ... . 30c No. 1 Stew Meat, lb.... ..10c Fresh Country Pork Sausage, lb. 25c Fresh Dressed Hens, lb.. . . ., 40c 10c .23c .121c ., 15c . 15c . 34c 39c Lamb Stew, lb Small Pork Hams, lb. . Fresh Pig Feet, lb..;... Fresh Pig Ears, lb.. . . Fresh Pig Snouts, lb,. Swift's Premium Hams, lb.. Guaranteed Eggs, dozen. . Fresh Fish Each Day BASKETERIA 438 North Trade Street
The Western Sentinel (Winston-Salem, N.C.)
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Dec. 7, 1922, edition 1
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