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“THE WINCHESTER STORE.”
SANFORD, N. d
STATEMENT |
MILL OWNERS MUTUAL FIRE INSURANCE COMPANY, De* Moines,4a. ,
Condition December 31, 1929, as shown by Statement Filed. j
Amount of capital paid in cash-$0
Amount ledger assets Dec. 31st previous year, $2,733,178.34; ^ _ I
incxr.ase paid-up capital, $--0 ;Total -.-.$2,733,178.34 |
Income—From Policyholders, $2,082,221.44; Miscellaneous, I
$117,939.56; .. -_____ Toal,$2,200,161.00 j
Disbursements to Policvholders 834,887.11, miscellaneous, 1,276,670.10; I
Total ._.J...... ....- $2,111,557.21 j
Fire Risks—Written or renewed during year, $311,511,794, j
In force....._. .......$224,443,946.00 i
All other risks—written or renewed during year, $86,265,887,
In force.......... .—.-.$92.006,276.00
ASSETS I
Value of Real Estate...- .. -.-$485,806.03
Mortgage Loans on Real Estate . —.— —- $569,658.61 l
Value of Bonds and Stocks ..—--- -.$1,400,027.71 J
Cash in Company’s Office .. - - $ 690.030
Deposited in Trust Companies and aBnksc on interest ..... — $ 113,868.92
Agents' balances, representing business written subsequent e
to October 1, 1929 .— - .... —.— $226,806.46
Agents’ balances, representing business written prior to Oc- 1
tober 1, 1929 .. —.— . . ..... 11,845.07
Interest and rents due an 1 accrued .. ... ... 109,368.26
All other Assets, as detailed in statement _.......$ 13,488.96 !
Total _... _ _ ... ....__ _. ...... ._.$2,931,560.32 |
Total admitted Assets - --— _$2,866,484.50 j
LIABILITIES I
Net amount of unpaid losses and claims____....$ 95,936.22
Unearned premiums -...........-— ,—.51,258,899.72 .
Salaries, rents, expenses, bills, accounts, fees, etc., due or !
secured_--.— ------ $ 4,465.6$ 1
Estimated amount payable for Federal, State, county and mu- !
nicipal taxes due or accrued ---$ 44,589.94
, Contingent commissions, or other charges due or accrued:-$ 22,086.00
* AH ether liabilities, as detailed in statement
.1 -
Capital actually paid up in cash ....-,---$0
Surplus over all liabilities-- — -$1,310,434.65
Surplus as regards policyholders .. ...-. —.—$1,310,434.65 j
Total Liabilities-....---—--$2,866,484.50
BUSINESS IN NORTH CAROLINA DURING 1929
Fire risks written___$77,604; Premium received, $20,851
All other risks written 2_._ 43429; premiums recived, $ 1.96
Losses incurred—Fire-.--$ 4,470; Paid $ 4.220
President, J. T. Sharpe, Secretary, H. K. Carson.
Treasurer, Andrew J. Huglin.
Home Office, 507 10th Street, Qes Moines, Iowa.
Attorney for service* Dan C; Boney, Insurance Commissioner, Raleigh, N. C.
(SEAL.)
STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT.
Raleigh, April 9th, 1930.
I, DAN C. BONEY, Insurance Commissioner, do hereby certify that the
above is a true and correct abstract of the statement of the Mill owners Mu
tual Fire Insurance Company, of Deee Moines, Iowa, filed with this Depart
meat, showing the condition of said Company, on the 31st day of December,
1929. Witness my hand and official seal, the day and year above written.
DAN C. BONEY, Insurance Commissioner.
STATEMENT
‘TNDIVI&UAL UNDERWRITES, New York at* 1
CONDITION DECEMBER 81, 1929, AS SHOWN BY STATEMENT FILED. !
Amount of capital paid in cash —---1--0
Amount ledger assets Dee. 31, 1929, $2,613,013.56; Increase paid
up capital, $_0; —---Total, *2,6131)13.56 •
Income—from policyholders, $710,473.67; Miscellaneous, *105,712.84;
Total_________....$816,186.51 I
Total ,.. ..... ...* 706.351.58 .
Disbursements—to policyholders, $156,350.42; Miscellaneous, $50,001.16;
Total_________1_$ 816,186.51
Fire Risk—written or renewed during year, $337,073,769; in
force ,. , _..... ....*337,415,681.00
ASSETS
Value of bonds and stocks..... ... ....$2,437,041.27
Cash in Company’s office_________ 274.91
Deposited in Trust Companies and Banks not on interest_ 13,579.59
Deposited in Banks and Trust Companies on interest _ 199,626,37
Agents’ balances, representing business written subsequent to
October, 1929 _______ 64,917.61
Agents’ balances, representing business written prior to Oc
tober, 1929____ 5.522.34
Interest and rents due and accrued__ 29,741.71
All other assets as detailed in statement ___ _ 43,746.13
Total............$2,794,448.93
Less assets not admitted___$ 7,408.74
Total admitted assets_ ______.. $2,787,040.19
LIABILITIES
Net amount of unpaid losses and claims
Unearned premiums ...
Salaries, rents, expenses, bills, accounts, fees, etc., due .
or accrued... ........
Estimated amount payable far Federal, county and municipal
taxes due or accrued. .....- ....
Contingent commissions, or other charges due or accrued._.
All other liabilities as detailed in statement......
37,532.75
565,050.93
827.22
4,000.00
13,579.59 I
232,514.23
Total amount of all liabilities except capital . .$853,504.72
Surplus over all liabilities .......$1,933,535.47
Surplus as regards policyholders . _......$1,933,535.47 j
Total liabilities
.$2,787,040.19 i
2,195
551
. , BUSINESS IN NORTH CAROLINA DURING 1929
Fire risks written ... ..$1,396,700; Premiums received!
lasses incurred—Fire.. .$ 551; Premiums .paid, $
Ernest W. Brown, Inc., Attorney in fact.
Home Office, No. 1 Paul Avenue, New York City .
Attorney for service: DAN C.BONEY, Insurance Commissioner, Raleigh, N.C
Manager for North Carolina Home Office.
STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, 1
i rv» vt c ■ „ Raleigh, April 16, 1930. t
1, UAN C. BONEY insurance Commissioner, do hereby certify that the
above is a true and correct abstract of the statement of the Individual Un<
^nw ^ or^ City, filed with this Department, showing the con
Sf.1" said Company, on the 31st day of December, 1929.
' y*** Witness my hand and official seal,‘the day and year above Written.
DAN C. BONEY, Insurance Commissioner,
MONCUKE NEWS.
Mr. T. E. Heigler, of Raleigh, re
presenting tne federal Land Bank,
oi uoiumoia, was m town Monday to
see W. W. Btedman on business.
Miss Annie Lambeth, wno was a
Junior at Green sooro College, this
I year, returned to her home nere one
d«y iast wees. lor tne summer.
Misses Dorothy and Roberta Lam
beui spent last wveK end visiting re
latives at Fayetteville.
Mr. and iurs. J. W’. Griffin, Mr.
Cary Gntfin, Mrs. Ralph Burnett,
and Florence Burnett, spent Sunday
with Mr. and Mrs, J. B. Rowers.
The picnic which was held on the
parsonage lawn of Pittsboro in honor
of the birthday of Rev. . A. Dailey,
was an enjoyable occasion. A good
I number from Moncure and vicinity
attended.
Mrs. Jane Langley, of Pittsboro,
visited her son, \\. W. Langley, last
week. ’
Mrs. Daisy Moore, of Durham, is
visiting reaitives in this community.
She spent last week with Mr. and
Mrs. E. E. Utley.
Mr. Jake Utley, who is an aviator
and is now located at Pensacola, Fla.,
’visited his parents, Mr. and Mrs. J.
B. Utley, last week.
Messrs. B. T. Prince and Fred San
j ders, of Landrum, S. C., are in town
! this week on business.
The Junior Epworth 'League met
last Sundy evening at 7:30 o’clock
with Carlton Clegg as leader. Misses
Marjorie Lee Ray and Ruby Womble
assisted the leader in presenting the
lesson. Miss Ruth Stedman was pian
iSl UUZIIlg fUUg OCHII.C.
The Senior Epworth League met at
8 o’clock. The president. Miss Camefia
Stedman, called the meeting to order.
Miss Lois Ray was leader for the
evening. After a short song service
Miss Emma Lee Mann read the Bible
lesson and Mr. A. B. Clegg led in
prayer. Then the leader. Miss Ray,
gave a short talk on the subject,
“What the Bible is Doing in the
World.” Miss Lucile Wicker discuss
ed, “What is the Bible?” Miss Lois
Wilkie told the story of the “Book of
Ruth” and Miss Camelia Stedman told
the “Life of Paul.” There was a large
crowd of young people present and it
was indeed an interesting program.
After a song the League closed with
the usual benediction.
There were several railroad officials
in Moncure Monday.
Mr. and Mrs. E. R. Ray and little
daughter, of Mount Airy, will be in
Moncure all the summer.
Mrs .G. W. Giede and Miss Anna
Hershev. who spent a month here will
eave Friday morning for Canada,
tvhere they will attend a S^riners
neeting. Mr. George W. Giede will
ioin them at Harrisburg. Pa. j
Mr. Clyde Bland, of Pittsboro, wras
n town one day this week on busi— ,
Mr. and Mrs. R. E. Willis, of Fay
etteville, spent several days in town
ast week.
The strip of road between Moncure
md Merry Oaks that has been closed
n order to pour concreted® now com
pleted and opeped for the public.
Buckhorn News.
Rev. Smith, the pastor of the
church, filled his appointment t
at Moore Union church, Sunday«
morning at 11 o’clock. At the noon
hour dinner was served on the
church grounds. After blessing was
said every one was given a cordial in
vitation to partake of the dinner. Fol
lowing; dinner memorial services were
observed. A talk was given bv Mr;
Husketh and Mr. Renegar. Every
one enjoyed the beautiful singing by
Mr. Sam Womble’s choir from Jones
boro and the male choir from Broadr
waj* After flowers were placed on
the graves every one went home feel
ing that the Sabbath day had been
well spent.
After service Sunday a Woman’s
Missionary Society was organized
with eleven members enrolled. The
following officers were elected:
President—Mrs. -T. W. Lett. .
Vice-President—Mrs. Jean Thomas
Secretary—Miss Mae Bolin.
Treasurer—Miss Lennar Mansfield.
Meetings will be,held the first Sun
Bay in each month.
BAILEY ADVOCATED
HIGHER TAXES FOR
THE FARMER
In 1919. when the General Assem
bly of North Carolina was consider
ing. the, passage of the proposed
amendment to tar incomes, Mr. J. W.
Bailey argued before the committee
against the adoption of the amend
ment providing for income tax, and
he nisisted upon raising the taxes of
the farmer-,.... His speech on this oc
casion is quotd in the Raleigh Times,
issue of hebraury 11, 1919, as fol
lows:
“If you want some revenue right
badly, assesss the lands of North Car
olina, thirty-three million acres of
them, at their market value, as is
your constitutional duty,” he (Bailey)
thundered, turning to Maxwell, "and
you will get some revenue—all you
need. Why don’t you do it? Is it easier
make the corporations shell out once
more? Why, in North Carolina
hogs are valued at less than 1 pay
for a ha a,” he shouted. Goats, sheep,
lady jacks, etc, are very low down.”
Turning upon the late Victor S.
Bryant, or Durham, Mr. Bailey shout
ed:
"Why, dogs in Durham are taxed
higher than males!”
Anything short of the income tax
will bring anarchy. Tour plan of run
ning down the man with the cow and
letting the man with the income go is
not fair.” -
As has been stated by Mr. R. ' S.
McCoin, the language of Mr. Bailey
was—
"Not the language of a man who
wanted to adjust or equalize a bur
den. It was the language of a man
who wanted to place the whole burd
en on land. He specified all the
land, even counting the acres. He
even forgot to exempt the ceme
teries.”
In September, 1920, after the adop
tion of the Income Tax Amendment,
Mr. J. W. Bailey wrote the chairman
of the State Democratic Executive
committee:
”1 alvise that the income tax does
not reach the farmers, as I should
like.”
Now candidate Bailev claims to he
the farmers’ friend, but his record is
so well known that he will not be
able to fool the farmer any longer.
His famous "HoHg and H’m"
speech of 1919 should ever condemn
him in the eyes of the farmers of
North Carolina.
BROADWAY news
Mr. Glenn Buchanan spent one
night last week in Burlington on bus
iness .
Misses Mildred ■nm-ns and Bettie
Lasater spent Sunday with Miss
Maxine McNeill
Mrs. Lula Philiii>> and two child
ren are spending me week with her
aunt, Mrs. Nettie Mr l oan.
The birthday cf t■■ ■■ W oman s Aux
iliary of the f%**t.ji.Tian church, was
observed Monday ovoning in the
w wxunaav > **• »•»
home of Mrs. J. ! Burgess. There
were quite a nu'n - r of members ant'
— . aur o. ....-—
guests present. After an interesting
Bible studv.M,-!.. .,-ti by Miss Marga
te a number of
?.“v eiosent. At
Bible studyxprd,,
ret McLeod, there
.. ■-'■“Mi, mer
discussions by tl
formal social ho
lightfut refreshnt
the committee ai
thoroughly enjoy ..
Burgess is a eha-minc hostess;
_i> ,
class, then an in
w as1 enjoyed. De
were served by
alt seemed to
w evening. Mrs,
Yw ** cna :::“*•** —, _
Messrs. Malcol MeLeod and Cai
Iasi
—o.c, iuaicoi i -*
Buchanan visited Pun Level »«.
Thursday evening and we understar
nra -- ' i. ...... guests
Me
* uutsuajr «vemn^
are frequent and .
the homes of JUr r-. Betftune an
Byrd,
Master Howard la'wis Cox, r
Jonesboro, is vis. ' m the home ,
his grand mother. Mrs. W. W.
Neill.
Miss Edna Rh
from a delightful '
atives.
Mr. Irwin J. J. v.
was a Sunday gni
his parents, Mr. and
, Joyce.
hue returne
i-it with her rel
of Greensbori
in the home e
Mrs. John I
a lie- v>uxisuan iw s spenu a
most delightful afternoon at Lake
view last Friday .
Miss Annie Rives, of Jonesboro,
was the week end guest of Miss Lu
cille Chandler.
The many friends of Miss Beulah
Harrington will be gl.ul to know that
she is much better after her recent
illness.
Mr. Wilson, of Erwin, spent a few
days last week in the home of his
niece, Mrs. D. E. Shaw.
Mr. G. T. Chandler is now in Phila
delphia, on business.
The friends of Mrs. G. M. G. Har
rington will be pleased to learn that
she is recovering from her recent
illness.
The Bible Study Class meets every
Thursday evening at < P. M. at the
Presbyterian church. The public is
cordially invited.
Mrs. C. C, Brewer, of Bonlee, and
Miss Annie Lambs of oiler City, were
visitors* in Broadway recently.
• Miss Elizabeth Stevens has return
ed home from a week’s visit to Chat
tanooga, Tenn., -where she visited in
the home of Mr. and Mrs. Grover
Do—and M;ss VCnin Punstan.
Mr. and Mrs. H, 0. Lives spent a
day m nauagn recently, tney were
accompanied 'by their daughter, Miss
Eugenia Rives, and also ..liss Mary
F. Lasater.
Mrs. Lambs, cf Siler City, visited
her daughter, Mrs. Ed Show, one day
last week.
Mr. Paul Chandler, of Lakeview, S.
C-, was a week end guest in the home
of his .parents,-Mi. and Mrs. G. T.
Chandler.
Toe cool weather seems to be re
tarding the crops in the Broad way
section.
Mr, Jim Thomas was very ill and
a patient in the hospital last week.
Miss Frances' Kelly has returned
£iome after having spent some time
in Greensboro. .
Mr. and Mrs. W. B. Lasater are
anticipating the, return of their son,
Earl, home soon from the academy in'
il l --'-f-1
to be very ill in^lRThospital in San
ford. Her baby is. now in Broadway
with friends.
''The many friends of Mrs. Josie Camp
bell (Pearl Thomas) will be pleased
to hear that she is recovering from
her severe illness. :..v “
i Mrs. D. E. Shaw and children visit-"
1 ed Mr. and Mrs. Lambe, of Siler City,
last week.
Misses Louise Thomas and Mary
F. Lasater visited Misses Louise and
I Frances Kelly recently.
I Master Gilbert Lasater had the mis
i fortune to fall from a bicycle, stick
ing one of the. handle bars into the
roof of his mouth, mfbatiog -great
. pain, though slight injury. .
|_ Myss' Lois Steven* went'to Chatta
tiooga, Tenn., recently, where she will
take up a business course.'
Master Clarence Chandler return
ed home last week from k week’s
visit to his brother, Pawl, In Lake
view, S. C.
Some of the young folks of Broad
way visited uksview and reported
tearing had a most delightful outing.
Mrs. Wilson, of Erwin, and aunt,
of Mrs. D. E. Shaw, died recently.
'Mrs. Shaw and children attended the
funeral services.
Miss Lucile Chandler is spending
a few days with friends in Jonesboro.
Mr. Dwight Lambe, a brother of
Mrs. D. E. Shaw, had the misfortune
to recently lose his wife in death.
Widowering for a second time.
Mr. and Mrs. Neal Kelly, who have
been making their home in Raleigh,
have now returned to Broadway,
much to the delight of theiy friends.
POPLAR SPRINGS NEWS.
The many friends of Mrs. L. J.
Campbell will regret to learn that she
is in Scott Hospital for treatment.'
Her many friends wish for her a
speedy recovery.
Mr. Brown Campbell, Mr. Berry
man and Wane Lawrence recently
spent awhile with Mrs. J. J. Camp
bell.
Mr. W. W. dosser spent tb# week
end with his brother, Mr. A. C._Ross
er, of Olivia.
Mrs. J. J. Campbell spent Sunday
evening with Mrs. Lonnie Campbell of
Jonesboro.
Mr. and Mrs. Edwin Campbell and
children, and Harvey Rosser spent
Sunday evening with Mr. and Mrs,
A, 0. Rosser They were accom
panied home t.v Miss Evelyn Rosser,
who is spending the week end with
her sister, Mrs. Edwin Campbell.
Sorry to report Mr. Abe Kelly as
on the sick list, but is improving,
Mr. an! Mrs. Lacy McNeill visited
at the home i Mrs. J. R- Sloan and
Mr. Abe Kelly1., Sunday.
Dorothy Lawrence spent Sunday
with Lulrrmay Campbell.
Friend ha-., received announce
ment of the >,:oh of Catherine Low,
to Mr. arid Mrs. Ernest Harrington,
of Dallas, T. vie' Mr*. Harrington
before her rriage was Miss An
nie Brown,
Mr. and M Harold Stewart visit
ed at the ho 0f Mrs. J. R. Sloan
Monday ev< on, .
DP ES.s M A KI Vfi—OvW Stroud and
Hubbard's Store. Misses Campbell
and Barry.
AC 436-C
Standard
All Weather!
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* I wouldn’t spend time talking
—I’d demonstrate ! ! - -
I‘d show you how, in both tread
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definitely Superior.
I’d demonstrate the reasons for
Goodyear’s superior Traction.
I’d demonstrate also other reas
ons for Goodyear’s longer carcass
life.
Just give me a chance—the in
formation will be worth money
to you.
Drop in any time and make me
prove what I say.
L— ' ■ SI)Q |7*B ' .j
Charge Accounts Invited— Liberal Trades also Offered on Good
Tear All-Weathers!
Also Complete Stocks of Goodyear AU-Weathers—Heavy Duty or
Standard—and the Matchless Low-price Pathfinders.
Good Used Tire Bargains-Exide Batteries
WASHING POLISHING GREASING
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I AM A HOME TOWN MERCHA NT.
THREE POINTS Phone 47G-J SANFORD. N. C.
“SERVICE WITH A SMILE.”