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Plenty Of Resources, Poor In Development (By Chester S. Davis in Winston Salem Journal-Sentinel) The paradox of the South is how any region could have so much and still be so poor. The Southern states are bless ed with unbelievably rich and varied natural resources. More than any other region they still have great, untapped pools of native born labor. But the South lacks the indus LAMINATED House Paint Gleem LAMINATED House Paint gives “life"! Reawaken the beauty of your home with fresh color . . . protect your investment. The multi-layer film of LAMINATED Gleem resists weather and sun far better than ordinary paints. What's more, it “cleanses as it wears.” For home beauty and protection, paint for “life” with Gleem! Kirby Hardware Shailotte, N. G. WHEN YOU TRADE WITH CROWELL BLACK YOU PENNSYLVANIA P-100 TIRES UP TO 50% FOR YOUR OLD TIRES Be sure of perfect motor ing! Switch now to sturdy Pennsylvania P-100’s . . . up-to-the-minute in safety, style and design...higher mileage, too. See us today. BLACK’S SERVICE STATION W. C. BLACK — WHITEVILLE- PHONE 110-J ir»n«a*wr^r. -- ~ mi ■liimnnilHlB||iH|H—)M IP,||,PT I|»H'1111—IB Boy Scouts Mark 40th Anniversary mmmm M Official poster marking the 40th birthday. The 40th anniversary of the Boy Scouts of America will be observed Feb. 6 to 12 in every part of the nation by more than 2,300,000 boys and adult leaders. “Strengthen Liberty’’ is the birthday theme. The Boy Scouts’ “Crusade to Strength en the Arm of Liberty” con tinues through 1950. During Boy Scout Week, Units will hold “Crusade Night” meetings when 1949 Crusade Awards will be pre sented. Representing the 12 Scout Regions, 12 outstanding Boy Scouts will make a “Re port to the Nation” at Wash ington, D.C., where the Move ment was incorporated Feb. 8, 1910. They will also take part in an impressive ceremony at Independence Hall in Phila delphia. The highlight of 1950 will be the Second National Jamboree which will see 40,000 Scouts and Leaders camping together at Valley Forge, Pa., from June 30 to July 6, including Scouts of other lands. Since 1910 more than 16, 500,000 boys and men have been identified with the Boy Scouts of America. trial plants needed to combine these resources into capital goods. Because so much of our wealth Is potential rather than realized, we stand at the top of every nat ional list of weaknesses and at the bottom of every list of streng th. Henry W. Grady one-time pub lisher of the Atlanta Constitution, told the story of the South's pro blem this way: “I attended a’ funeral once in Pickens County in my State. It was a poor one gallus’ fellow whose breeches struck him under the armpits and hit him at the other end about the knees . . . They buried him in the midst of a marble quarry; and yet a little tombstone they put over him came from Vermont. They burled him in the heart of a pine forest, and yet the pine coffin was im ported from Cincinnati. They buried him within touch of an iron mine and yet the nails in his coffin and the shovel that dug his grave were imported from Pittsburgh. They buried him by the side of the best sheep-grazing country on earth, and yet the wool in the coffin bands and the coffin bands themselves were brought from the North. The South didn’t furnish a thing on earth for that funeral but the corpse and the hole in the' ground.” A Historical Hang-Over Mr. Grady told that story at a time when the South, because of the Civil War and the years of reconstruction, was too poor to do more than recognize its needs. Our needs today are much the same and we continue to explain them in the same way, limping a long and trusting that when the historical hang-over wears away the South will blossom. Because of our undeveloped re sources and our idle manpower we have hammered at the idea that the South is industry’s last frontier. This may have been good advertising but it hasn’t al ways been good economics. Tra ditionally, frontier areas are ex ploited, and the South is no ex ception. A great part of our raw mat erials are pulled from the soil by unskilled, underpaid workers and then sent North where highly FOR SHERIFF The only promise 1 am making in my race for the Democratic nomination for Sheriff of Brunswick coun ty is tiie same one i make to every voter: If nominated and elected I will give you four years of honest, effici ent law enforcement. If I were to go beyond that, or if I were to make secret agreements with groups or indivi duals, 1 could not do the job. If 1 am going to sen e you at all, it w ill be without fear and without favor. ED V. LEONARD Candidate For Sheriff i skilled and highly - paid labor ! processes them. For example, the Southern j states produce the turpentine and I rosins that are the basis of im portant paint, lacquer varnish ami i soap industries located north of | the Potomac River. Texas, along with naval stores, ! leads the nation in Lhe production of .vegetable oils. Yet the Lone Star . State doesn’t manufacture ' enough soap to wash its own 1 face. And we grow the peanuts and then buy peanut butter,'salt , ed peanuts and peanut <jandy from the Yanks. j I Even our factories tend to con centrate on the least skilled, low est. paid processes. This is par l ticularly true, of our huge textile ; industry. As a generalization you i can say that we make the yarn 1 and the rough cloth and ho Northern, mills finish the goods ! and make the garments. And d long that road their workers get j most of the money. In 1942, North Carolina and i Tennessee used hydro-electric ■ power to produce about one half j of the nation’s aluminum. The in j gqts then were shipped North j where skilled labor, drawing high j wages and. using hydro-electric I power, fashioned them into pots j and pans and sent them back for | us to buy. Outside Control Today few industrialists de liberately exploit Southern re i sources. Even so, a great part of i our industrial growth is controlled ; by Northern capital. Branch plant industrialization ; unquestionably has helped the j South. But branch plants have de fects which, from our standpoint, I are worth considering: 1. In most cases their profits flow out of the South. AMUZU THEATRE SOUTHPORT, N. C. Admission—14 c and 30c Two Shows Nightly— 1st Show at 7:00 P. M. Saturday—1st show starts at 6:30 P. M. Thurs., Fri., Feb. 16-17 “I WAS A MALE WAR BRIDE” Cary Grant - Ann Sheridan ALSO—Cartoon Saturday, Feb 18 “BLAZING TRAIL” Charles Starrett ; ALSO—Cartoon Mon., - Tues., Feb. 20-21 ‘COLORADO TERRITORY' (In Technicolor) Joel McCrea - Virginia Me.yo ALSO—Selected Short Wednesday, Feb 22— “SPECIAL AGENT” William Eythe and Laura Elliot ALSO—Chapter 12— “CONGO BILL” — C O Ml N G — “BARKLEYS OF BROADWAY” Fred Astaire, Ginger Ro.vrs i I mm MI IMH—>1 II 2. Since the policies of branch plants are formulated outside of the South, the development of Southern resources tends to be along: lines and at pace set by persons who have no particular stake in this region. 3. Too frequently these branch plants continue the old policy of using the South only as a source of raw materials or semi-finished goods. This policy inevitably ties the South to a low wage scale. Regional development isn't a ' narrow program of “Buy Texas"! ; or "patronize local merchants.” 1 It is simply a matter of making the best use of the great wealth given us by a generous God. Unless we do develop the South 1 to something near its real poten-! tl ali t\es we will continue to be plagued with the problems of a j low level economy. For great: chunks of our people—labor, the merchants, the railways and utili-1 ties—the only real hope of grow- i th depends on continued and bet- j ter balanced industrialization. i When that happens the South, I combining natural wealth and ample labor with industry based on scientific research, can jack its economy up to the level where it should be. The beautiful thing about such a program Is that everybody wins. Clow Adds To Her Production Record Brattleboro, Vt. January 31—A. O. McEaehern, Wilmington, N. C., is the owner of a registered Holstein cow which has further added to her outstanding life time production of more than 100,000 pounds of milk. Her name is McE Bessie Miss Champ, and j her production records are offi-! cially recorded by The Holstein Fiiesian Association of America. In 8 yearly milking periods "Bessie” has produced a total of 144,129 pounds of milk and 4997 pounds of butterfat. Her highest RALEIGH ROUNDUP DIVISION . . . Division of opinion and ideas in the ranks of the Democratic Party on the State level and on the national level is now greater than between the Democratic Party and the Republican Party a few years ago. There are men and women among the De mocrats—leaders, too—who are more liberal than were the Socialists a decade back; and there are Democrats who are more conserva tive and reactionary than a majority of the Republicans. The term “Democrat” used to stand for something whereever it was used. No more. The Democrat in New York, for in stance, 13 no kin whatever to the Democrat in Alabama. The Democratic Party on the national front—when looked at across the land_is a conglomeration of ideas and philosophies of government. What is a Republican ? What Is a Democrat? Nobody knows. A Republican to Kerr Scott—if the Republi can follows him-smells sweeter than the finest old Democrat in the State -if that Democrat is not of the Scott-going-forward variety. NOTES . . . The Governor is urging his highway commissioners to handle their road building programs in such way that county leaders won't feel other sections are given pre ferential treatment ... If the proposal to put public workers under Social Security is adopted in Washington, the State may toss the Teach ers and Employees Retiremen system out the window . .. Army Secretary Gordon Gray, who will be the next president of the University of North Carolina made straight “A” on every subject he took at Carolina (1926-30), except two English courses, on which he received “C” . . . Nothing has been said about it, but a successor has also been chosen for the Univ ersity School of Commerce . . . When Gov. Scott heard that Bob Reynolds would oppose Frank Graham for the U. S. Senate, he advised his .appointee to “run like he was being shot at ” . . . College basketball attendance records Will be broken here at State this year . . . The Wolf pack quint had played before 127,200 peo ple in the William Neal Reynolds Coliseum through last week, and has four more home games, which will run them over the 150,000 mark held by the University of Wisconsin gy m . . . . . . C. A. Fink of Spencer, head of the AFU in N. C., says he believes that the majority of the members of this labor organization will sup port Frank P. Graham for the U. S. Senate . . Sons of Progressive Farmer Editor Clarence Poe and former U. S. Senator J. W. Bailey will oppose each other for the State Senate here . . single milk record was made at, the age of 8 years 4 months when she produced 19,654 pounds of milk and 661 pounds of butter fat, and her highest single fat record was made at the age of 6 years 3 months when she pro- i duced 18,791 pounds of milk and 690 pounds of butterfat. WNwith WANT-ADS BALLARD MACHINE & FABRICATING CO. G. E. Ballard, Prop. 1002 S. 17th St. WILMINGTON, N. C. PHONE 34789 Propeller Re-Conditioning Shaft Repair — General Boat Work — All Kinds Of Welding J 43rd ANNUAL STATEMENT Jbecember 31, 1949 ASSETS Cash.$ 7,197,385 United States Government Bonds. 38,414,931 All Other Bonds . . . 33,376,951 Stock. 31,949,741 Listed securities are carried at market, cost, or cali price, whichever is lowest. First Mortgage Loans Real Estate. Loans to Our Policyholders Secured by the cash values of policies. Investment Income in Course of Collection . Premiums in Course of Collection ... All Other Assets . ... 105,306,303 11,005,443 15,973,523 1,588,493 5,791,133 3,354,526 Total Assets . . $242,758,227 LIABILITIES Policy Reserves . . . $179,365,384 A fund which with future premiums and interest earnings provides for the payment of policy obliga tions as they fall due. Reserve for Policy Claims. Claims incurred in 1949 but completed papers not re ceived by December 31.1949. Reserve for Taxes . Premiums and Interest Paid in Advance . . Policy Proceeds Left with Company , . Dividends for Policyholders . . Policy Revaluation Reserve .... Reserve for All Other Liabilities . 1,073,217 966,545 5,109,236 20,391,017 2,647,689 2,496,951 1,708,188 Liabilities . . . Contingency Reserve $ 3,000,000 Capital . 10,000,000 Surplus Un assigned 16,000,000 Total Surplus Funds for Additional Protection of Policyholders . . Total ... $213,758,227 29,000,000 $242,758,227 Copy of booklet carrying our com plete report available on request. / am an average Jefferson Standard policyowner speaking for more than a million people—policyowners and beneficiaries—whose financial future has been made more secure through Jefferson Standard life insurance protection. "The Company's 43rd Annual Re port published here shows another year pf genuine progress and growth that is a source of solid satisfaction to me and my family. Assets have more than doubled in the past ten years and now total $242,758,227. The increase in surplus and contingency reserves— that extra margin of safety for all policyowners' funds—is substantial. "The steady growth of 'my com pany' through the years reflects high quality of service to policyowners. "I note with pride that the Jefferson Standard still leads all life insurance companies in rate of interest earned on invested assets. This means that 'my company' continues to pay the highest rate of interest on dividend accumulations and policy proceeds held in trust for policyowners and beneficiaries—important extra dollars. Not since organization in 1907 has the Jefferson Standard paid less than 4% on these funds. Truly, Jefferson Standard Policy Dollars are Larger. "Jefferson Standard sales of new life insurance in 1949 averaged more than $10,000,000. per month, more than 25% of which came from my group—old policyowners coming back for more. Total life insurance in force at year end—$894,202,998. "\ like the wide variety of policy j plans 'my company^ offers to meet the ‘ various protection needs of the public. "I like the special training in life insurance service 'my company' pro vides for its agents, as well as for its \ branch office personnel, which results in the capable, courteous and prompt service I get in all dealings. "It is for all these fine reasons that I presume to speak for more than a ' million people protected by Jefferson Standard. I am proud to be a policy owner of this splendid life insurance company." | &** /Jtt&iacje Palicyaum&i J. J. LOUGHLIN, Jr. Special Agent Southport, N. C. JEFFERSON STANDARD LIFE INSURANCE COMPANY Ralph C. Price, President, Greensboro, North Carolina E
State Port Pilot (Southport, N.C.)
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Feb. 15, 1950, edition 1
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