THE COURIER
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Wm. C. Hammer Estate, Owner.
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Entered as second class matter at
the postoffice at Asheboro, N. C.,
under the act of March 3, 1879.
Articles for publication must be
in the hands of the Editor by 5:00
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the Editor are welcome, but all
communications intended for pub
lication must be signed.
THURSDAY, AUGUST 2, 1934.
DR. SUMNER ISSUES WARNING
Dr. Sumner is not the “family
physician” of any group but is the
county health officer—the choice of
the commissioners from all sections
of Randolph. His opinion, then, should
be somewhat widely respected. In j
this week’s health article, he has is
sued a warning concerning pure j
■water, milk, swimming places and the j
like, as they relate to matters of I
public health. While Dr. Sumner is
busy conducting typhoid clinics
throughout the county, he has stop
ped long enough to issue a bnef
statement concerning what he is do
ing as a matter of information for
the public and to issue a warning
to the folks.
Especially does the doctor mention
the fact that typhoid was contracted
by several persons in Guilford coun
ty while they were enjoying vaca
tions. He, therefore, urges care in
water and milk that have not been
inspected. He suggests inoculation
against typhoid before going on va
cations. He further urges parents
to be careful about allowing their
children to go to “the old swimming
hole” or any other swimming place
which has not been declared safe by
health officials.
When a warning of this kind
comes should we not think of the
odd adage, “A word to the wise”?
——-♦
THE CHILDREN’S WADING POOL
Some years ago two public spirited
citizens, Mr. and Mrs. D. B. Mc
to be personal, gave a wading
pool to the children of the town of
Asheboro. Fvr several years the
children enjoyed this pool located at
Frazier park and then the town
or whoever has charge of it->-lost
interest in keeping the pool pro
perly filled with pure water. This
year, the citizens who live nearby
the pool see children going in water
they feel is entirely insanitary. The
water is said to be stagnant and
when reported to the town, the pool
« was drained. I
The pool should have been drained
but it should also be refilled with
pure wate and kept filled. Children
are wont to frequent this pool who
really need such a place. Many of
them are children who have no bath
tubs in their own homes. Perhaps
there might be a few repairs neces
sary but, no matter how hard up
the town board is, a small amount
might be raised for this cause. Of
course every cause is most important
to those who are sponsoring it but
our children deserve consideration—
especially the children who do not
have adequate bathing facilities at
home during this hot weather.
The garden department of the Wo
man’s club started sponsoring the
idea of fixing up this pool for the
children, but three civic organizations
of the town have readily fallen in
line with their leadership and have
appointed two men from the Kiwar®'
and Rotary clubs to assist in the
work of filling the pool properly
immediately.
At the time the wading pool was
made a lily pool was also made.
Nothing has come of the lily pool
although the wading pool has been a
source of joy to many children. While
the garden department is at the park
anyway busy with the pool, would
it be a practical idea for everybody
who could spare a water plant or
so to donate them for the lUy pool’s
beautification? There are a large
number of very nice lily pools in
Asheboro and some of them would
gladly spare a lily, a water hyacinth
or so if it would make a beauty
spot for the town. There are many
hardy water plants that would live
all winter and by next summer would
make a very lovely spot
PUBLIC WORKS—
PUBLIC INTEREST
Hi* fact that men and women
work In the local relief offices and
manage the affttise of a county,
town or district does not necessarily
mean that the dtiwmdWp in not con
cerned with the doings of these
public matters. R is S problem for
the pzblk to share interest in, to
methods employed may be Rood,
there is always room for improve
ment. There is such a thing as con
structive criticism. Now-a-days there
is a great deal being said about
misplaced oharity. Perhaps our whole
welfare system is wrong, but it has
served us and tided us over a very
rough period.
A wish per is going the rounds
among some thinking groups that if
some of the emergency funds had
'been placed in the hands of some of
the small businesses that it would
have been a much more firm foun
dation for pennant progress. If
I small business concerns, tottering on
j the brink had been aided, they could
have enployed some of the nations
j unemployed men and women in a
! permanent fashion. Many of our
! ditches that have been cleaned have
! grown up again. Many of our small
trees set out have died. Many of
our nicely cleaned cemeteries have
also grown up and some of those
famous leaves have decayed—or worn
out from much moving. If this
amount had been put into places of
business, the opinion is, that more
permanent aid would have resulted.
Perhaps so—perhaps not. Probably,;
even now, such a movement is in
process of materialization. There are [
certainly some srrewd minds at work
while we sleep.
Recently a stir was made in New j
York and is commented upon thusly .
in Tuesday’s Times:
Food Not Primary.
A good-sized cat was let out of
the bag at City Hall the other day. j
The occasion was a colloquy between j
Mayor LaCuardia and a self-consti
tuted committee of protest against
alleged racial discrimination in the j
management of city relief. The ani- j
mal was let out of the bag by the
woman member of the protest com- j
mittee.
“The best thing the city could do
for the unemployed,” she said, “is
to give them nothing. Perhaps they’d
wake up then.” The purpose behind
too many unemployed demonstrations
and relief demonstrations today is
not to promote employment or relief
but to wake up the populace. Hu
man values are subordinated to
“agitational” values. The purpose is
not to relieve distress but to pub
licize and capitalize discontent. From
this point of view the greatest
imaginable misfortune would be a
I floodtide of prosperity. It would be
'fatal to all plans for waking up the
masses.
The Open Forum
“YOU CANT EAT YOUR CAKE
AND HAVE IT TOO”
Neither can Asheboro expect Ran
dolph county citizens to pay off their
mortgages and let them keep the
dcftL
This is exactly what they are ask
ing our County Commissioners, (The
agents of the people who handle our
money, or direct its expenditure) to
agree to do, however our commis
sioners are con scions of the fact that
their jurisdiction covers more terri
tory than just the city of Asheboro,
tho’ it is the splendid capital of our
county. They, therefore repeat the
refusal of two years ago to take
over the debts and expense of the
schools of Asheboro until the charter
is surrendered in like manner as
other schools of the county, my own
being one of the number.
I don’t know what the attorneys
and the supreme courts have to say,
but I know that if our public money
is expended fairly we will proceed on
the common sense policy of: “What is
good for the goose is good for the
gander” and I think I know “My
public” in Randolph county well
enough to say; “We are behind our
Commissioners, to man in this posi
tion they have taken.”
No, Asheboro, do like we did; put
your sentiment about the charter on
the shelf, or dig into your pockets
and pay your own debts. We’ve got
to have the deed if we pay off your
mortgages! So sez I, and so say we
all.
—V. C. MARLEY.
Weather Topic Of
General Interest
All Over Nation
Weather bureaus all over the coun
try are discussing the weather ami
“doing nothing about it,” as re
marked by Mark Twain years ago.
Never-the-less it is a topic for front
page newspaper stories, radio talks
and conversation. After the winds
blew and the rains descended over
the week end weather bulletins from
Chicago Sunday remarked, “drought,
heat, bugs, and forest fires com
bined during last week to produce the
worst hot spell since 1901. It killed
1,425 persons. Most of the nation
was given only a chance to catch its
breath far a couple of days as the
forecast for neat week was *wanner,
vwvf mnali nrari l ittaHfifl 9 99
Life Insurance tJo.
Plan To Celebrate
Birthday, Aug. 7th
Company Reports Excellent Pro
gress And Optimistic Con
cerning Business.
F. M. Wright, who represents the
Jefferson Standard Life Insurance
Company, of Greensboro, has re
ceived a very excellent report ffom
his company. Meeting in semi-annual
session on July 23, the board of
directors of the Jefferson Standard
Life Insurance Company received
from President Julian Price reports
which elicited much favorable com
ment as indicative of excellent pro
gress along all lines.
The directors voted a semi-annual
dividend of 33 per share on the 10,
000 shares of stock. The dividend, a
monetary total of $30,000, is pay
able to stockholders of record Au
gust 1.
Mr. Price and members of the
field force were declared to be in a
state of genuine optimism as to the
outlook for the next six months in
the territory in which the company
operates, embracing 22 states and
the District of Columbia and Puerto
Rico.
New paid insurance written during
the first six months of this year, it
was disclosed totals $22,500,000,
which was termed “a highly pleas
ing increase over the first six
months of last year.” The amount of
insurance in force as of June 30,
1034, was shown to be more than
$310,000,000 which constitutes a ma
terial net gain over the total as of
January 1 of this year.
During the first half of 1934, it
was revealed, surplus and reserve
funds were increased by more than
$300,000. These funds, together with
the capital of $1,000,000, make a
total of capital, surplus and reserves
in excess of $4,000,000. “This places
Gets a Big Reception
the company in the strongest finan
cial position in its history,” said Mr.
Price.
Assets increased approximately $1,
000,000 during the same period, the
total now being $56,484,292.
Noticeable improvement in the
mortality experience as compared
with the first six months of last
year was observed, and attention was
called to a very marked decrease
in deaths resulting from suicide.
General improvement in the real
estate situation was declared to be
evidenced by the fact that the com
pany made a substantial profit on
sales of real estate, sales which
amounted to, more than $300,000.
Attention was called to the fact
that the Jefferson Standard contine* ;
to pay policyholders and beneficiuia:
5 per cent interest on funds held a
trust
The Jefferson Standard will bef i
years old August 7, and membei*#*
the field force are planning to efc'
brate the compuany’s birthday »
niversary with a special campeigi
for new business.
-——i]
Jefferson Standard Life Insurance Company
Financial Statement — June 30, 1934
From the Report of
President Price - - -
Progress has been made along all
lines.
Insurance in force increased to
more than $310,000,000.
Assets Increased approximately $1,
000,000 during the first six mont^f.
Surplus and special reserve funds
increased by $300,000. These funds,
together with the capital, make a
total of over $4,000,000, placing
the Jefferson Standard in the
strongest financial position in its
history,
m ■ J
The Company realized I nel ffrofit
on over $300,000 of real estate
sold during the first six months.
This is a most encouraging sign for
a better real estate outlook.
New insurance bought during the
first six months totals $22,562,400,
a substantial increase over the same
period last year.
The remarkable improvement in
the renewal of life insurance poli
cies is clear and convincing evi
dence that “the worst is over.”
The Jefferson Standard paid policy
holders and beneficiaries $3,821,
104 during the past six months,
making total payments since or
ganization, $78,111,790.
The mortality experience is good,
showing considerable improventeht
over the first half of last year.
We are continuing to pay 6 per
cent interest on funds held in trust
for our policyholders or tfesjr b#»e
s- ~
ASSETS
Cash ...... ..... .$ 808.993
First Morifsft Loans ••••■•• • • 16.408.538
These loans were made on a basis not to
exceed 50% of s conservative valuation.
Bonds and Stocks. 9,945,068
Bonds carried on amortised basis. Listed
securities at market values as of Jnne
SO, 1934.
Roal Estate .. ... . rrr.v.'rrrr. . r».. 8,290,723
This includes ear seventeen-story Home
Office Building. '■i A1'** ..
to Oar Policyholders 13,222,083
Pally secured by the cash values of their
policies.
Premium Notes and Liens ..-....r... 4,880,153
Fully secured by essh values ef policies.
Interest Doe and Amorusd .......... 930,783
Net Prsuriums In Cours* of Collection 1,904,379
AS Other Assets 293,607
Total Admitted Assets ^.^...$56,484,292
LIABILITIES
.$80,582,842
Policy Reserves ....
This amount represents the reserve re
quired by law to assure prompt payment
of policy obligations.
Reserve For Policy Chums. 392,000
Claims in course of settlement on which
proofs have not been received.
Reserve For Taxes .
Premiums and Interest Paid In Ad*
Dividends Left At Interest .... . .*
Reserve For All Other Liabilities ....
Medical and inspection fees, bills not
yet presented, etc.
Dividends For Policyholders
Special
239,971
448,763
837320
43,639
872457 «
1,000,000
A fund to take care of depreciation on
real estate and investment fluctuations.
Total
.$53,784492
Capital and Surplus .... v.y
Thaos funds sm an additional guasaatae
to meet all obligations.
2,700,000
& Inlpf Assets
Twenty-seven i ears uia
On August SeventhJ
Organized on August 7, 1907, the
Jefferson Standard is today the
largest company in the South do
ing a regular ordinary life insurance
business. *
It occupies a leading position
among financial institutions in the
South, having assets of more than
$56,000,000.
• • •
***• r v . 4b ■
Company officials point with pride
to the fact that the Company bears
the name of the principal author of
the Declaration of Independence.
The scene of the signing of the Dec
laration of Independence and the
work itself inspired the present
trademark and slogan.
The amount of insurance in force
is $310,000,000. This life insurance
is owned by more than 125,000 peo
ple, banded together for mutual
protection against the economic loes
caused by old age, disability and
death.
Life Insurance is truly a Declara
tion of Independence. Hie Jeffer
son Standard is successfully de
veloping this principle through its
hundreds of agents who tell the
story of financial independence
through life insurance.
• • •
Jeffersonians point with pride to
those charged with the responsi
bility of handling Company affairs.
Ably managed, the Jefferson Stand
ard has reached the place among
other life insurance companies
where it is highly respected for its
efficiency and progressiveness.
• • •
Celebrating the twenty - seventh
birthday, the members of the Jef
ferson Standard field force will
conduct a special drive for new
business during August
This Loyalty Campaign will be an
enthusiastic, conscientious effort
to produesf im. volume at business
that worthily honors the Company
whieh has created so greatly, and
contributed so generously to the up
building of the territory whieh it
scttMk ‘
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