Page FOURTEEN
THE PILOT—Southern Pines, North Carolina
THURSDAY, OCTOBER 20, 1960
STATEMENT
STATE CAPITAL LIFE INSURANCE COMPANY
Raleigh, North Carolina
Condition December 31, 1959, as Shown by Statement Filed.
ASSETS
$ 7,068,784.33
MoSge Loans on Real Estate
Polinv loans 1,562,461.85
All other assets (as detailed in annual statement) 672,427.79
Total Admitted Assets $26,045,755.68
LIABILITIES, SURPLUS AND OTHER FUNDS
Aggregate reserve for life polmies and contracts $l7,2i5,9yi.uu
Aggregate reserve for accident and health policies I,878,id5.uu
PARENTS REMINDED OF HAZARD
Consider All Snakes Dangerous, Says
Man Who Killed Big Copperhead Here
. Hnvs of snrine
92,029.00
298,281.41
174,973.28
322,416.83
86,207.96
303,885.78
42,330.41
751,391.40
215,500.00
42,043.09
Supplementary contracts without life contingencies
Policy and contract claims •_
Premiums and annuity considerations received
. in advance
Commissions to agents due or accrued
General expenses due or accrued —-
Taxes, licenses and fees due or accrued (including
$46,500.00 Federal Income Tax) -
“Cost of Collection” on premiums and annuity
considerations deferred and uncollected in excess
of total loading thereon
Miscellaneous liabilities
Mandatory Security Valuation Reserve
Group Premium Refund Reserve
Total Liabilities (Except Capital) $21,483,185.16
Capital paid-up ^9’Rfi2’570 52
Unassigned surplus z,5t>.i,a<u^
Total Capital and Surplus 4,562,570.52
•potal $26,045,755.68
Business In The Stale of North Carolina During 1959
Ordinary Group Industrial
No. Amount No. Amount No. Amount
Policies on the
lives of citizens
of said State in
force Dec. 31 of
previous year 267,570 $175,960,047 96 $53,550,281 67,729 $26,323,378
Policies on the
lives of citizens of
said State issued
490,952 154,247,642 24 13,960,598 7,821 4,436,797
Total 758,522 $330,207,689 120 $67,510,879 75,550 $30,760,175
Deduct ceased
to be in force
ye™^-^'^.^. 482,710 132,208,305 11 6,253,395 8,788 4,531,156
George S. Nevens tells in
communication to The Pilot how
he recently killed a big copper
head ^nake near ,town and warns
parents about the hazard snakes
can be for children in areas where
they cannot clearly see the
grdund.
Mr. Nevens writes as follows,
addressing his words to parents.
‘ That which is seemingly un
common in Southern Pines in no
way lesesns the danger of occasio
nal contact with something that is
dangerous: to those not acquain
ted with species, all snakes should
be considered dangerous.
With The
Armed Forces
James Albert Tew, Jr., son of
Mr. and Mrs. James A. Tew of
Southern Pines has enlisted in the
United States Navy according to
Chief Robinson, the local Navy
recruiter.
Prior to joining the Navy, he
attended Southern Pines High
School and was active in sports.
Seaman Recruit Tew was trans
ferred by air to the Naval train
ing Center at San Diego, Calif.,
where he will receive nine weeks
basic training and subsequently
return home on 14 days leave be
fore reporting to a permanent
duty station.
■■During the cool days of spring
and fall, they extend their travels
and tail, iney exieuu
to more open or cleared spaces. At ‘
School Cafeteria
EAST SOUTHERN PINES
October 24-28
Monday—sliced bologna, maca
roni and "cheese, green beans, cole
slaw, chocolate cake with white
bread, butter, milk.
night, being extremely sensitive
to cold, they seek the sunlit ex
posures of the day for lingering
warmth—such as roadways. Dur
ing the hot summer months, they
seek the seclusion of shade and
lower areas where there is moist
ure and water. Incidentally, it is
the writer’s belief they will not
cross a hard surfaced highway
with a noontide heat of 95 de
grees. It is probable such exposure
on a 40-foot surface would be
fatal.
Tuesday — creamed chicken,
steamed rice, green peas, hot rolls,
butter, orange half, milk.
Wednesday — peanut butter
sandwich, beef vegetable soup,
gingerbread with lemon sauce,
crackers, butter, milk.
Thursday—^ham and navy
beans, turnip greens, carrot sticks,
corn bread, butter, apfSle crisp,
milk.
Friday — salmon salad, french
fries, cole slaw, hot rolls, butter,
apricots with whip topping, milk.
Policies in Force
Dec. 31 275,812* 197,999,384 109
Losses and
61,257,484 66,762 26,229,019
.. ...
45,675.67 2 5,600.00 22 15,969.50
_1,428 619,894.82 87 180,616.58 419 174,837.26
”I,l50 $ 665,570.49 89 $186,216.58 441 $190,806.76
1,403 $ 577,060.10 80 $159,716.58 4^2 $170,465.26
39 $ 20,341.50
Claims unpaid
Dec. 31 of pre
vious year —. 22
Losses and
Claims incurred
during year .... _
Total ....
Losses and
Claims settled
during the
y^ear, in full,
^665,570.49 ....
Losses and
Claims unpaid
Dec. 31 47 $ 88,510.39 9 $ 26,500.00
Premium Income—Ordinary, $3,373,596.97; Group, $522,125.72; Indus
trial, $1,675,052.97 Total, $5,570,775.66
Consideration for annuities, $8,440.53 A. & H. Prem $6,127,177.66
Losses $2,793,262.77
President H. F. Ledford
Treasurer F. E. Shipper
Secretary T. W. Alexander
Actuary John C. Bertram
' Home Office: 2620 Hillsboro Street, Raleigh, N. C.
Attorney for Service: CHAS. F. GOLD, Commissioner of Insur
ance, Raleigh, N. C.
North Carolina Insurance Department
Raleigh, April 25, 1960
I, CHAS. F. GOLD, Commissioner of Insurance do hereby certify
that the above is a true and correct abstract of the statement of the
State Capital Life Insurance Company, of Raleigh, N. C., filed with
this Department, showing the condition of said Company on the 31st
day of December, 1959.
Witness my hand and'official seal the day and date above written.
CHARLES F. GOLD
Commissioner of Insurance
TIME NOW TO HAVE THOSE WINTER
CLOTHES CLEANED FOR COLD WEATHER
’Valet
The'
MRS. D. C. JENSEN
Where Cleaning and Prices Are Belter!
Eastman Dillon, Union Securities 8e Co.
Members New York Stock Exchange
MacKenzie-Building 135 W. New Hampshire Ave.
Southern Pines, N. C.
Telephone: Southern Pines OX 5-7311
Complete Investment and Brokerage Fdcilities
Direct Wire to our Main Office in New York
A. E. RHINEHART
Resident Manager
Consultations by appointment on Saturdays
For
Investment Services
We invite you to make use of our facilities
in Southern Pines.
Stocks — Bonds — Mutual Funds
E$«ablbh0d 1925
fnvesfmenf Bonksn
Now York Stock Btehongo and Othar Notional Exehongoi
IoIhi a MePhool. Mgr.
\ '
10S BoM Powwrb®"*" Sootfcnm Hnon. Tol OXIord 2-2*91
drive CAREFULLY—SAVE A LIFE
Booker T. Blue, chief steward,
USN, son of Mrs. Theresa I. Blue
of Southern Pines, and husband of
the former Miss Lillian W. Scott
of Washington, D. C., is serving
aboard the experimental auxiliary
general USS Compass Island oper
ating out of New York, N. Y. The
Compass Island serves as a test
ship for navigation systems before
they are installed aboard submar
ines employing the Polaris ballis
tic missile.
Army Specialist Four Williami
D. Lane, whose wife, Virginia,
and parents, Mr. and Mrs. George
W. Lane, live on Route 1, Camer
on, recently participated with
other personnel from the Is
Cavalry Division in Exercise
Trooper Turnout II, a three-day
field problem, in Korea.
The exercise, involving about
20,000 troops, stressed the divi
sion’s ability to adapt to fast
changing combat conditions.
Training in defensive tactics was
provided by an attack by a stau-
lated aggressor force throughout
a 220-square mile combat zone.
Specialist Lane, a machine-gun
ner in Company E of the divi
sion’s 12th Cavalry, entered the
Army in August, 1959, and com
pleted basic combat training at
Fort Jackson, S. C.
The 20-year-old soldier is a
1958 graduate of Cameron High
School. Before entering the Army,
he was employed by Sanford Fur
niture Corporation.
Army Sergeant First Class Jesse j
A. Black, whose wife, Ermia, lives
in Carthage, also participated in
Exercise Trooper Turnout II.
Sergeant Black, a platoon lead
er in Company D of the division’s
5th Cavalry, entered the Army in
1952 and arrived overseas on this
tour of duty last January.
The 27-year-old sergeant, son ]
of Mr. and Mrs. Angus N. Black,
Route 3, Carthage, is a 1950 grad
uate of Pinckney High School and
attended Agricultural & Techni
cal College of North Carolina in
Greensboro.
Others from Moore County tak
ing part in Trooper Turnout H
were PFC John R. Caddell, Sgt.
Earl E. Babcock and SgL First
Class Rufus E. Allen.
Caddell, son of Mr. and Mrs.
Norman Caddell, Pinehurst Ave.,
Southern Pines, is a driver in
Battery A of the division s 21st
Artillery, entered the Army in
July 1959, completed basic train
ing at Fort Jackson, S. C., and ar
rived overseas last June.
The 22-year-oid soldier attend
ed Southern Pines High School i
and was employed by the Lake |
Lawn Farms, Southern Pines, be
fore entering the Army.
Babcock, whose wife, Barbara |
Anne, lives on Route 1, West End,
is the son of Mr. and Mrs. How-
ard A. Babcock Sr. of Hamlin, N.
Y., and is a supply sergeant in
Headquarters Company of the di
vision’s 5th Cavalry. He entered ]
the Army in 1954 and arriv^
overseas on this tour of duty in
December, 1959.
The sergeant is a 1952 graduate
of Brockpbrt (N. Y.) Central High
School. .
Allen, whose wife. Mane, lives
at Utica, N. Y., is a platoon ser
geant in Company C of the divi
sion’s 8th Cavalry. He entered the
Army in 1943, was last stationed
at Fort Devens, Mass., and arrived
overseas on this tour of duty last
Allen, son of Mrs. Fonnie Allen,
Jackson Springs, is a 1942 gradu
ate of West End High School.
“A few nights ago, on the Con
necticut Ave. extension of Wey
mouth Woods, I killed a three-
foot Copperhead (Agkistrodon
Contortrix—poisonous). Being al
lied to the rattlesnake and with
out rattles, it is often called the
pilot rattlesnake. Owing to its
leaflike or hourglass pattern of
coloring, it is also known as the
Red Oak, White Oak and Beech-
leaf snake. They are seemingly
less fearful of urban life, and at
Wilmington, the Board of Health
was forced, after some citizens
were bitten, tq clean them out of
a fine residential area.
“The color pattern of this
species blends nicely with ground
and autumn l^af coloring, making
them difficult to detect unless the
observer is familiar with the pat
tern. They are moderately active,
muscular and vicious, and often
difficult to kill on a soft surface.
They may strike a little more than
one third their length. In time
past I have killed another, also a
small rattler, on Ridge Street.
“It is suggested you carefully
inspect your properties and clean
SORGHUM GRAIN
Sorghum grain prpduction in
North Carolina is estimated at a
record 3,780,000 bushels, according
to the North Carolina Crop Re
porting Service. The current esti
mate represents an increase of
8 percent over the record 1959
crop of 3,498,000 bushels. The in
dicated record yield of 35.0 bush
els per acre is 2.0 bushels above
the previous record set in 1959.
The crop is very good in the
heavy producing southern Pied
mont area of the State.
out useless underbrush. They are
here—in unknown numbers. In
addition to the foregoing we have
three other poisonous species
here: the rattlesnake, cotton-
mouth moccasin and coral snake.
“This notation is offered with
the hope you will command your
children to stay out of the more
wooded sections, and play in areas
where the surface is clearly visi
ble. Also, to stay away from ALL
SNAKES.”
^ioheB-’Jreetnan
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WASH
Looks like a landslide for convenience.
And for modem homemakers the two top
candidates are the automatic washer and
the flameless dryer.
Wet, wintry weather is no time to heave,
hang and haul the wash. So take a load off
your mind and turn it over to an automatic
washer. It will swirl and swish the wash to
a whistle-clean finish while you busy your
self with the family breakfast.
Drizzle or downpour makes no difference
to a flameless electric dryer. Any day is
washday as it gently tumbles and fluff-dries
your clothes, safely and cleanly. No more
windswept clothesline to whipsnap the wash
to a frazzle. And where crowded quarters
pose a problem, a combination washer-dryer
provides a most happy solution.
Wet, windy weather is here to stay so see
a nearby electric appliance dealer soon.
Elect ELECTRIC, the flameless way to wash
and dry, and you’ll live better. Electrically!
See your appliance dealer soon!
C CAROUWA POWER A UOHT COMPANY )
An'investor-owned, taxpaying, public utility company