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STATEMENT
State Assurance Company, Ltd.
LIVERPOOL, ENGLAND
CONDITION DEC. 31, 1947. AS SHOWN BY STATEMENT FILED
Amount of Statutory Deposit .....? S 250,000.00
Amount Ledger Assets, Dec. 31st previous year,
$1,712,564.11; Increase paid up Cap.tal Total, $1,712,564.11
Income?From Policyholders, $720,416.92; Miscellaneous,
$211,346.24; Total, 931,763.16
Disbursements?To Policyholders, $468,688.39; Miscel
laneous. $473,450.06; 942,138.45
Fire Premiums?Written or renewed during year,
$787,739.55 In Force, 1,796,192.95
All Other Premiums?Written or renewed during year,
$204,254.90 In Force, 462,313.33
Assets
Value of Bonds and Stocks 1.639.417.61;
Deposited m Trust Companies and Banks not on interest 73,451.36
Agents' balances, representing bus.ness written subse
quent to October 1, 1947 75,136.00,
Agents' balances, representing business written juuor to
October 1, 1947 2,583.06)
Deduct Ceded Reinsurance Balances Payable 1,860.19
Interest and Rents due and accrued-^;.? 10,172.88
All other Assets, as detailed in statement 36,142.71
Total .? J 1,766,478.39
Less Assets not admitted 5,906.99
Total admitted Assets $1,760,571.40
Liabilities
Jlet amount of unpaid lcsses and claims 164,056.37
Unearned premiums 869,479.27
Salaries, rents, expenses, bills, accounts, fees, due or
accrued ? 7,651.70
Estimated amount payable for Federal, State, county and
municipal taxes due or accrued 20,860.09
Contingent commissions, or other charges due or accrued 17.034.54
Reinsurance and return premiums due other companies 5.000.00
All other liab lities, as detailed in statement 5,471.15
Total amount of all liabilities except Capi'al $1,089,553.12
Statutory Deposit ; S25Q.000.00
Unassigned funds (surplus) $421,018,28
Surplus i-s regards Policyholders .. % 671,018.28
T< twl Liabilities $1,760,571,40
Business In North Carolina During 1947
Fire Premiums received $10.00
All Other Premiums received $3.00 *ii~9
U. S. Mgr. Edward W. Elwell.
U.S. Home Office 111 John St., New York 7, X. Y.
Attorney for service: WM. P. HODGES, Commissioner of Insur
ance, Raleigh, N. C.
state: of north Carolina,
. ? insurance department.
Raleigh, May 21st, 1948
I, WM. P. HODGES, Commissioner of Insurance, do hereby certify
that the above is a true and correct abstract of the statement cf the
State Assurance Company of Liverpool, England filed with this De
partment, showing the condition of said Company, on the 31th day
of December, 1947.
Witness my hand and official seal, the day and year above written.
WM. P. HODGES, Commissioner of Insurance.
ffcUj cufote/i chuj, mota cutd mxyte paxypla ojiq OA/ieelng
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Cullowhee Road
\
Sylva, N. C.
SPORTS
NEWS i
I
ROBBINSVILLE POWER j
jNOTEXPECTED !
TILL MID-SEASON
Robbinsville ? Coach Wallace
1 Hyde of the Robbinsville high
entry in the Smoky Mountain con
1 ference, is doubtful that this team
will hit its stride before mid-sea- j
son.
With only eight lettermen re
! turning and the injury list mount
ing, Coach Hyde is not sure who
will compose his starting lineup
for tomorrow's opener at Hayes
ville. Ted Jordon, star fullback,;
heads the injured List of several]
key men.
Bes.des Jordon, returning letter- ?
men are Spider Cock, Lamar Hig-,
don and Gene Elliott, backs; Mor-i1
deal Walsh, Kyle Anderson, J. C |
, Frisbee and Morris Denton, lines
men.
-Buck Atkir.son, last year's full-,
back at Waynesville high, will |
probably take Jordon's place un
I til he returns to action.
I The new athletic field complete
' with light^ is re^dy for use and
wcrk is underway on a new con
I crete stadium.
i
Coach Hyde is a graduate of
Robbinsville high fcmd Wfestem
Carolina Teachers college where;
he played varsity football and.
basketball two years before thei
war.
The schedule is as follows:
Sept. 17?Hayesville, there.
Sept. 24?Andrews, here.
. Oct. 1?Bryson City, there.
Oct. 8?Hayesville, here.
Oct, 15?Copperhill. Tenn.,' .here
J Oct. 22?FrynKlin. here.
Jet. 29?Sylvn. here. ?
,\'ov. 5?Murphy, there.
Mow 12?Open.
N'cv. 19?Andrews, there.
Sow 26?Open.
Norton Reunion
The Norton Reunion will be held
at the lower cemetery in White
side Cove, Sunday, September 19
beginning at 11 o'clock.
Mrs. F. H. Brown, Pres.
As of August 1, crcp and^soil
conditions in the State were fav
orable and-greatly improve*! from
July's near-drought conditions.
Services at
The Churches
Sylva Methodist j
(Tht Rev. W. Q. Qrlgg, Pastor)
Sandav school will meet at 10
a. m., Gudger Crawford, superin
tendent.
11 a. m. Morning Worship.
6:30 p. m., Youtn Fellowship.
Wednesday 7:30 p. m. Choir Re
hearsal.
Sylva Presbyterian
(The Rev. W. rt. Wakefield, Pastor)
Services held in Episcopal
church.
10:00 a. m. Sunday School. M
C. Cunningham, Supt.
11:05 a. m. Morning worship wit}
the pastor using for his sermon
subject, "Behold the Man."
8:00 p. m. Evening worship ij
charge of the pastor. Sermon sub
ject, "The Evening of Life."
Sylva Baptist
(The Rev. C. M. Warren* Paster)
Sunday school at 10 a. m., JS%\
Carl Corbin, Supt
11 a.m. Morning worship. The
pastor using for his sermon subject.
"Ministering in Christ's Service."
II Cor. 9:1-15.
B. T. U. at 7.00 p. m.. Miss Hat
tie Hilda Sutton, Director.
8:00 p. m. Evening Worship. "A
Transforming Look." Luke 22
54-62.
Tuesday 7:30 p. m. Prayer meet
ing.
Cullowhee Baptist
(Rev. Chat. B. McConnel, Pastor.
9:50 a. m. Sunday School
11 a. m. Morning Worship. Ser
mon subject, "It Makes a Differ
ence."
Evening program:
5:45 Student Supper
6:30 Training Union
7:30 Worsh.p Service.
Wednesday?7:30 p. m. Sunday
school lessen pre-view.
Friday. 7:00 p. m. Choir Rehear
sal.
Cullowhce Methodist
(The Rev. R. T. Houts, Jr., Pastor)
'0 a. m. Church school.
11 a. m. \Icrning worship.
6:30 p. m. Youth Fellowship.
7:00 p. m. Vesper Service.
7:30 p. m. Wesley Foundation.
St. John's Episcopal
(Rev. A. Rufus Morgan, Rector)
4 p. m. Vesper service.
Buff Creek Baptist
(Rev. EdQar Willlx, Pastor)
Sunday School e^ch Sunday at
10 a.m. S.S. Supt. Charlie Parris.
Worship Service each 1st and 3rd
Sundays at 11 a. m. and 7:3u p. m
East Svlva Baotist
(Rev. E. W. Jamison, Pastoi)
10 a. m. Sunday Scnool. DeWitr
Beasley, S. S. Supt.
11 a. m. Morning Worship.
6:30 p. m. B.T.U. Jamct Jo.ies,
director.
7:30 p. m. Evening Worship
Wed. 7 p. m. Choir Practice.
, Wed. 7:30 p. m. Prayer Meeting.
Wesleyan Methoydist
(Rev. W. A. Todd, Pastor)
10 a. m. Sunday School.
11 a. m. Morning Worship.
8 p. m. Evening Worship.
Scotts Creek Baptist
(The ReV. B. 8. Henstey, Pastor
10 a. m. Sunday Scnool.
11 a. m. Morning Worship by the
pastor.
6.30 p. m. Baptist Training Union
8 p. m. Evening Worship.
6lenville Baptist
10:00 a.m. Sunday School; San
Fisher, Superintendent.
11 a. m. Morning worship.
7 p. m. B.T.U.
8 p. m. Evening worship.
Lovedale Baptist Church
(Rev. G. E. Scruggs, Pastor)
10 A. M. Sunday School.
11 A. M. Worship Service.
7:30 p. m. B. T. JJ.
8:00 p. m. Worship Service.
Tuckaseigee Bautist
(Rev. Edgar WTlllx, Pastor)
Sunday School each Sunday at
10 a. m. Supt Junnie Hooper.
Worship service at 11 a. m. and
7:30 p. m. each 2nd and 4th Sun
j days.
Wilkesdale Baptist
I
! (Rev. Jarvls Underwood, Pastor)
10 a. m/Sunday S:hool
11 a. m. Worship Service.
6:30 p. m. B.T.U.
7:30 p. m. Evening Worship.
LENOIR-RHYNE BEARS
FACE TOUGH SLATE
With all eight North State con
ference elevens and two other out
standing college clubs on their
schedule, the Lenoir^Rhyne Bears
Df Hickory face a rough time as
their season opens Saturday night
with Erskine at Hickory.
Head Coach Clarence Stasavich,
las 21 lettermen and eight non^
.etfrermen of last year's team re
turning to form the bulk of his'
1948 squad. Additional help is
expected from freshman candi
dates fcr the team. Only five let
.ermen were lost from last year's
iec.m which won 5, lost 4 and tied
1. !
This year's backfield will be!
ouilt along the same line as it wasj
in 1947 with Erskine Ratchford of
Gastonia and Walter Kuhl of Erie,j
Pa., running at blocking back.'
Francis Bonssorte, Pittsburg, Pa J
and William Clouse, Bryson City >
carrying the bulk at wingbackj
Charles Ostwalt, ,Statesville, and
Haywocd Martin, Newton, at full
back, and Gene Miller, Hickory
John Charles, Lewistown, Pa., and
Charles Harrill, Hamlet, toting the!
mail from tailback.
Cecil Abee and Raymond Camp,
hometown boys of Hickory, are
fighting for the starting slot at
center. .Four veteran guards who
will parade from this slot are Carl!
Wakefield, Hickory, Claude White |
Glen Alpine, Frank Snyder, Du
cannon, Pa., and Jack Sink, Thom.
asville.
Both first string tackles from
The State's soybean crop will
be about 5 per cent less than last
year, because ot lower yields.
Jarrett Memorial Baptist
(Rev. Wayne C. Deitz, Pastor)
10 a. m. Sunday School.
11 a. m. Morning Worship. "Hid
with Christ in God, sermon sub
ject, Col. 3:3.
7:30 p. m. Evening Worship Ser
mon subject, "The Power of the
3o<pel." Rom. 1:16.
Wednesday, 7:30 p. m. Prayer
Service.
The Church of God
(rtev. Homer Pope, Pastor
2:30 p.m. Sunday School.
3:00 p.m. Afternoon Worship.
Friday 7:00 p.m. YPE and Pray
er Meeting.
last fall's club are gone but four
veterans head the list of tackle
candidates. They are John Odom
team captain from .Newton, Lee
Confer, 250-pounder from Milton
Pa., Robert Frye, Hickory, and
Oscar Lackey, Badin.
The end positions are well filled.
with outstanding candidates in
cluding Charles Jones, Sanford,
William Coyne, Erie, Pa., Frank!
Little, Albemarle, Hanley Painter
Bryson City, J. C. Hill, Hickory
William Cordell, Newton, and
C.yde Tesh, Thomasville.
Stasavich heads the list of five
members of Ihe coaching staff. The
others are Fr^cT^mmerson (Wake
Forest), Troy Washam (Lenoir
Rhyne), Larry Spearman (Vander
bilt), and Gene Winfree (Lenoir
Rhyne).
The 1948 Mountain Bear sched
ule runs as follows:
Sept. 18?Erskine at Hickory. ,
Sept. 25?ECTC at Hickory.
Oct. 2?Newberry at Newberry,
S. C.
Oct. 9?Appalachian at Hickory
Oct. 16?High Point at High Point.
Oct. 23?Western Carolina at Hick.
ory.
Oct. 30?Atlantic Christian at Wil
Bosox, Yankees Stage
Classy Pennant Drive
The highpowered race for the
American league pennant con
tinues to thrive with the Boston
Red Sox and New York Yankees
leading the field.
Led by their aces, Thumping
Teddy Williams of the Sox and
the Bombers' Joltin' Joe Dimaggio,
the two clubs are waging a hand
in-hand race for the flag. At the
time of the writing (Monday) the '
Boxos hold a two-game edge over
the Bronx Bombers, but anything
can happen with the Yankees on
the go.
Had the New Yorkers iost last
Friday's game to Boston they
would have been virtually con
sidered out of the race, but Di
maggio came through with a grand
slam homer for an 11-6 victory
that kept the Yanks only 2Vst
games cff the pace.
With some 10 or 15 games re
maining to be played, only a mir
acle could keep the American lea
gue pennant race from turning
out as a neck-to-neck affair.
son.
Nov. -Guilford at Hickory.
(Homecoming).
Nov. 13?Elon at Burlington.
Nov. 25?Catawba at Salisbury.
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PHONE 34
FRIDAY?7:30
IS BAPTISM NECESSARY?
Why?
What is the true mode?
SATURDAY?7:30
ILLUSTRATED
What?
See it, hear it, believe it.
SUNDAY - 7:3?
THE MARK OF THE BEAST
Do you have your pass ticket?
TUESDAY?7:30
FOREVER AND EVER IN HELL
How long will it be? The Bible tells.
WEDNESDAY?7:30
TWO MARKS OF THE TRUE CHURCH
What are they?
THURSDAY?7:30
ONE THING MOST MEN LOVE
Ladies should hear it.
/
SPECIAL NOTICE
The Gay Quartet will present special music on Sunday night's
program. All are urged to secure pass tickets to this closed door lec
ture whilf they last.
COMMUNITY BBIE TABERNACLE .
\ Sylva, N. C.
\