North Carolina Newspapers

Friday. September 2. 1949. THE PILOT—Southern Pines. North Carolina Page Three <S 6 Not the Cheapest — But the Best in Dry Cleaning FINE TAILORING FINE CLEANING LET US CLEAN YOUR RUGS MONTESANTI Telephone 5541 Southern Pines Fields Plumbing & Heating Co, PHONE 5952 PINEHURST. N. C. All Types of Plumbing, Healing, (G. E. Oil Burners) and Sheet Metal Work STATEMENT SUN INSURANCE OFFICE. LTD. LONDON. ENGLAND CONDITION DECEMBER 31. 1949. AS SHOWN BY Condition December 31, 1949, as Shown by Statement Filed. Statutory Deposit $ 500,000.00 Amount Ledger, Dec. 31st previous year, $12,311,673.62; Total - 12,311,673.62 Income—From Policyholders, $7,305,977.88; Miscella neous, $563,751.76; Total 7,869,729.64 Disbursements—^To policyholders, $3,992,943.70; Miscella neous, $3,573,551.22; Total 7,566,494.92 Fire Premiums—^Written or renewed during year, $6,241,- / 011.28. In Force 13,636,339.69 All Other Premiums—^Written or renewed during yPar, $12,832,308.53. In Force 11,168,102.11 ASSETS Value of Bonds and Stocks 9,959,554.69 Cash in Companys Office 1,250.00 Deposited in Trust Companies and Banks not on interest 1,071,172.00 Agents’ balances, representing business written subse quent to October 1, 1948 :. 1,655,280.04 Agents’ balances, representing business written prior to October 1, 1948 134,538.78 Deduct Ceded Reinsurance Balance Payable 579,356.10 Interest and Rents due and acrued 39,703.52 TV Arrives In Blinding Glory, Amid Dote, Dashes, Lots Of Flashes- -Urk! All other Assets, as detailed in statement.. 747,982.15 Total $13,030,125.08 Less Assets not admitted 149,515.80 Total admitted Assets $12,880,609.28 LIABILITIES Net amount of unpaid losses and claims $ 2,445,486.00 Unearned premiums 5,453,428.93 Salaries, rents, expenses, bills, accounts, fees, due or ac rued y 61,750.00 Estimated amount payable for Federal, State, county and municipal taxes due or accrued 546,503.00 Contingent commissions, or other charges due or accrued 45,000.00 Reinsurance and return premiums due other companies 129,585.10 All other liabilities, as detailed in statement 218,960.51 Total amount of all liabilities except Capital 8,900,713.54 Statutory Deposit $ 500,000.00 Unassigned funds (surplus) $ 3,479,895.74 Surplus as regards Policyholders 3,979,895.74 Total Liabilities $12,880,609.28 BUSINESS IN NORTH CAROLINA DURING 1949 Fire Premiums received $62,088.00; All Other Pre miums received $27,441.00; Losses incurred— Fire.». $23,069.00; Paid 20,882.00 Losses incurred— All other $ 5,449.00; Paid 4,509.00 U. S. Mgr. O. Tregaskis U. S. Home Office 55 Fifth Ave., New York 3, N Y Attorney for service: Commissioner of Insurance, Raleigh, N. C. STATE OF NORTH CAROLINA—INSURANCE DEPARTMENT, RALEIGH, JULY 6th, 1949 I, Waldo C. Cheek, Commissioner of Insurance, do hereby cer tify that the above is a true and correct abstract of the statement of the Sun Insurance Office, Ltd., London, Eng^ filed with this Depart ment, showing the condition of said Company, on the 31st day of Witness my hand and official seal, the day and year above written. December, 1948. WALDO C. CHEEK, Commissioner of Insurance STATEMENT ^ STATE ASSURANCE COMPANY, LTD.. LIVERPOOL, ENG. CONDITION DECEMBER 31, 1948. AS SHOWN BY‘ STATEMENT FILED Statutory Deposit $ 250,000.00 Amount Ledger Assets, Dec. 31st previous year $1,702,- - 188.82; Total : 1,702,188.82 Income—From Policyholders, $624,436.91; Miscellane ous, $52,893.13; Total / 677,330.04 Disbursements—To Policyholders, $376,652.29; Miscella neous, $386,527.43; Total 763,179.72 Fire Premiums—Written or renewed during year, $731,- 308.70; In Force 1,725,051.05 All Other Premums—Written or renewed during year, $198,683.49 475,109.49 ASSETS Value of Bonds and Stocks 1,493,202.91 Deposited in Trust Companies and Banks not on interest ’ 71,’868.35 Agents’ balances, representing business written subse quent to October 1, 1948 48,758.60 Agents’ balances, representing business written prior to October 1, 1948 Add Ceded Reinsurance Balances Payable Interest and Rents due and acrued 4,298.54 9,891.52 10,034.86 All other Assets, as detailed in statement 35 637 66 Total $ 1,673,692‘.44 Less Assets not admitted 8,885.64 Total admitted Assets $ 1,664,806.80 LIABILITIES Net amount of unpaid losses and claims Unearned premiums ! Salaries, rents, expenses, bills, accounts, fees, due or accrued Estimated amount payable for Federal, State and muni cipal taxes due or accrued 20,657.67 Contingent commissions, or other charges due or accrued 14,446!99 Reinsurance and return premium due other companies 5’oOo!oO All other liabilities, as detailed in statement 10,481 96 120,840,48 802,660.47 3,641.01 Total amount of all liabilitieg except Capital .... 977,728.58 Statutory Deposit $250,000.00 Unassigned funds (surplus) $437,078.22 ^ 1,356.00 Surplus as regards Policyholders 687,078.22 Total Liabilities $ i 664 806 80 BUSINESS IN NORTH CAROLINA DURING 1948 ’ Fire Premiums received $597.00; AU Other Pre miums received $25.00; Losses incurred— Fire $1,356.00; Paid U. S. Mgr. Edw. W. Elwell. U. S. Home Office 111 John St, New York 7, N. Y. Attorney for service: Commissioner of Insurance, Raleigh. N. C ' STATE OF NORTH CAROLINA—INSURANCE DEPARTMENT ) tu Cheek, Commissioner of Insurance, do hereby certi- S' ‘o above IS a true and correct abstract of the statement of the ^ate Assurance Company, Ltd., Liverpool, England., filed with this Departinent, showing the condition of said Company, on the 31st day of December, 1948. Witness my hand and official seal, the day and‘year above written WALDO C. CHEEK Commissioner of Insurance By Bud Harvey In* the Pinehurst Outlook) Television, in all its blinding glory, came to the Sandhills last month. After a few afternoons of grop ing for the Charlotte test pat tern, a display model at the Mb- Donald-Page Motors Co. in Southern Pines went into regu lar evening show service. Actually, a Carthage display room jumped the gun by a couple of weeks and made a gallant stab at breaking the news to Moore county. But our spy reports that the Carthage set burned up un der the impact of the violent rays from (Charlotte, leaving the Carthaginians in the dark—and a good thing, too. Carthago del- endo est. Needn't Worry Yet The Southern Pines experiment (evenings 7:30 to 9:30) has been drawing fascinated throngs of curbstone students which include enthusiastic opticians and equal ly enthusiastic moving picture theatre owners who are said to have scurried back to their cin ema houses to shout at their pro jectionists: “RoU ’em, Joe! We don’t have to worry for another couple of months, anyhow. . .” A factual report on TV would have to go like this: ETAOIN SHRDLU . . . ETAOIN SHRDLU. . . Prexident Trumag, apherently spooking in a sNorstowm, declas- ed thaz tHe notion iznt in'a de- pleZZion et all, brt is onlll bzzz- z-z-z—etaaoin shrdlu. . . Whale he wis spoking, the President seemed to be bushing awhy Holley’s Comic wtich was cnircling ROon his hfad whle the quick brown fox jumped over the sleping dog’s back the quick briwn fox jumped over zzzzzzz- z-z-srp. Midsummer Snow The production in Southern Pines suggested that the Euro pean continent seems to be suf fering through an abnormally se vere winter this summer. The newsreel picked up a review of French Spahis galloping like crazy through a blinding blizzard in Paris, and a raging snowstorm almost totally obscured the play during an international soccer match in Munich between Aus trian and Italian teams. Similarly, the constellations are behaving in a very suspicious manner. Whenever the snow lets up comets and meteors can be clearly seen zooming around and about messing up the heavens to a fare-thee-well. I don’t want to be an alarmist about this thing, but personally I’m just a little disturbed about the maniac be havior of these heavenly bodies. Strange Visions Seen ' Happily, the TV screen occa sionally refuses to be a party to such foolishness and goes on strike. This provides the viewer with an interesting series of er ratic patterns, ranging from a bubble-eye view of what goes on inside a churning washing ma chine, to an endless chain of wavy lines which sweep upwards across the screen like one of those old-time barber poles. The feller at Page Motors seem ed to be well adjusted to the elec tronic age. The whirling of the comets and aberrations of the elements all over the world didn’t seem to disturb him. “Sometimes it gets out of fo cus,’’ he explained, but I don’t know whether he meant the TV set, the weather, or the cosmic universe. It was like having some nuclear physicist flip a chunk of concentrated uranium up in the air and announce casually, “Sometimes it explodes.” Maybe so, but I’m bypassing TV at the moment. I’m going back to my crystal set which may be a little old-fashioned, but at least it doesn’t go urk. . . bzzzzz etaoin shrdlu. . . G. W. McCormac Passes Suddenly At Residence Here Funeral services were held at Brownsop Memorial Presbyterian church Sunday at 5 p. m. for George Warren McCormac, 52, who died suddenly at 7 a. m. Sat urday at his home on North Page street. He had been in failing health for some time. Dr. Thompson E. Davis, pastor, conducted the funeral service, and burial at the family plot in Mount Hope cemetery was in charge of members of the Southern Pines Masonic lodge, who accorded the full honors of their Order. Mem bers of the lodge also served as pallbearers. Mr. McCormac was born in Bennettsville, S. C., October 27, 1897, son of the late Artemus and Elizabeth McKellar McCormac. He came to Southern Pines and entered business here as a young man. He was for many years man ager of the Sandhill Oil company, retiring about a year ago on ac count of a heart condition. For the past several months he was employed by the Town as of fice assistant in the police de partment. He was a member of the -board of deacons of the Presbyterian church, and was a longtime mem ber of the Masonic Lodge 484, which he had served as junior warden and in other offices. He was a member of all York Rite bodies. He was married to Miss Maud Green of Muskegon Heights, Mich., June 26, 1924, and they re cently celebrated their silver wed ding anniversary. Smviving are his wife; three sons, George A., Robert and Rich ard, all of the home; two sisters, M^rs. B. F. Anderson, of Bennetts ville, and Mrs. Annie Hart, of Berkley, Mich.; and one brother, R. K. McCormac, a longtime mem ber of the United Press staff at Washington, D, C. $15.00 COUPON 30 - DAY PIANO SALE This Coupon Is Worth $15.00 On the Piano You Choose During This Sale GRANDS — SPINETS — RECONDITIONED FRITTS PIANO CO. 40 East 1st Ave. Telephone 2893 Lexington. N. C. Wine was produced in Egypt as early as 2400 B. C. NOW WPTf-FM 94.5 On Your FM Dial ★ Hear All Your Favorite WPTF Programs ^ Clearer and Stronger Ion Your FM Radio WPTF '■ ■ t> . 680 on your AM dial At Local Churches FIRST BAPTIST CHURCH New York avenue at South Ashe Dr. WUliam C. Holland Bible school, 9:45 a. m. Wor ship 11 a. m. Training unions, 7 p. m. Worship, 8 p. m. Scout Troop 224, Tues., 7:30 p. m., faculty meeting. Wed., 7 p. m.; prayer circle, Wed., 7:40 .p. m.; choir practice Wed. 8 p. m. Missionary meeting, first Tues days, 8 p. m. Businessmen’s sup pers, second Thursdays, 7 p. m. EMMANuiL "church (Episcopal) East Massachusetts Avenue First Sundays, Holy Commun ion, 11 a. m. Other Sundays Morning Prayer, U a. m. CHURCH OF WIDE FELLOWSHIP (Congregational) Royal Davis. Supply Pastor N. Bennett at New Hampshire Sunday school, 9:45 a. m. Wor ship, 11 a. m. Story-Telling hour for children 8 to 12, 6:30 p. m. Teen Age group, 7:15 p. m. Fel lowship Forum, 8 p. m. Circle meetings, second Thurs days. Missionary meeting, third Thursdasrs. Women’s society, fourth Thursdays. CATHOLIC St. Anthony of Padua (Cor. Ashe & Vermont) Rev. Herbert A. Harkins, pastor Sunflay Masses 8 and 10:30 am, Sunday school, 9 a. m. Weekday masses 8 a. m. Confessions are heard on Saturday, and the eve of Holy Days between. 5:30- 6:00, 7:30-8:30, CHRISTIAN SCIENCE SOCIETY East New Hampshire Service, 11 a. m. Service Wed nesday, 8 p. m. Reading room open Wednesdays and Saturdays 3-5 p. m. BROWNSON MEMORIAL CHURCH (Presbyterian) South May at Indiana Rev. Thompson E. Davis. Th. D. Simday school 9:45 a. m. Worship service, 11 a. m. Women’s auxiliary, 8. p. m. Mon day following third Sunday. FARM LOANS 4 1-2 Per Cent Long Terms J. E. WALKER Box 189 Sanford, N. C. SCItNCI mV, WATCH -aUASTZ CRVSTAl TOUR WATCH TESTED FREE Paulson Time-O-Graf NSTANT TAi-NC. - -Af: OR n>v/ SCi:N:'f!C 'vOND'R Over 22 Years Experience KARMINAX JEWELERS CARTHAGE. N. Q. PIANOS Cole Piano Company Neill A. Cole Prop. Piano Sales and Service Phone 92-L Three Points Sanford SO ARE WE WHY? Trying lo find a conneclion whereby our cuslomers could Repair, Modernize or add lo Iheir homes and pay for these improvements out of their income. WE FOUND IT and fhis is how it works: • No down payment • No red tape • Your Property DOES NOT have to be clear of mortgage • 5% interest note. (Try and beat that these days) • Up to 3 years to pay. Example: $500.00—$15.94 per month WHAT YOU CAN DO I Add a room I Add a bathroom I Renei^ heating plant ► Any repairs to properly ► A garage or garage apartment ► Make an apartment out of that attic ► An attic exhaust fan ► Insulate against heat and cold ► Renew electric wiring ► Hot water system ► In other words anything that can improve properly, includ ing either labor, material or both THIS WEEK’S SPEQALS Pittsburgh Outside Paint Asbestos Siding No. 1 Metal Roofing 5V Down Spout & Gutter WAS NOW $6.00 $5.13 Save $1.20 Save $1.32 Save 17% Southern Pines Warehouses Inc, 'Everything for the Builder" Phone 7131 Southern Pines, N. C.