Newspapers / The Waynesville Mountaineer (Waynesville, … / Feb. 20, 1941, edition 1 / Page 12
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Page 12 THE WAYNES VTLLE MOUNTAINEER THURSDAY, FEBRUARY 20 Better Times Can Be Expected, Says Price Must Continue To Build On Safe And Sound Basis For Future, Says Insurance President -Tresent prosperity of our coun try is largely due to the tremen dous sums of money being spent by our government on defense measures," reports Julian Price, re elected president of the Jefferson Standard Life Insurance Company. In his annual statement to stock' holders here yesterday, President Price admonished that "while we can reasonably expect prosperity to this country for the next few years whether the war continues or whether it comes-to an eariy end, we must prepare for the future by continuing to build on a safe, sound and conservative basis." In addition to the declaration of the regular dividends of 75 cents a share on stock (payable January 3 to stockholders of record on January 27), the dictators, fol lowing last year's procedure, de clared a five per cent bonus on the earnings of all home office and branch office employes. "From the standpoint of earnings and progress," Mr. Price stated in his annual report, "the year 19-10 has been as satisfactory as the year 1939 when we experienced an outstanding year." One evidence of that is the $51,000,000 worth of new life insurance sales made during the year, an average of almost 1 1,000,000 a week, with a mortal ity ratio described as "very satisfactory.'' 'Daring 1940," Mr. Price further reviewed, "our assets increased $7,264,000 and now stand at $94, 764,607, The unassigned surplus and contingency funds increased to $4730,000, making a total of $6,730,00 in the capital, unassigned surplus and contingency funds." During the year just ended the company paid policy-holders and beneficiaries a total of $6,700,000, bringing to more than $18,000,000 the total amount paid out by the company in policy benefits since its organization in 1907. The opening fo a new branch office in Phoenix, Ariz., completed the company's system of branches from the Atlantic.' to "the Pacific. Branches have been maintained in California, during the past 10 years The only offices opened during the year were in Casper, Wyo., and Phoenix, Arizona, which gives the Jefferson Standard 47 branches and 7,000 agents in 26 states, the District of Columbia and Puerto Rico. Optimistic ' :.' CT"7 ac-jra r? fll (P 17 fin rmiTr. sTZT-T """" " . :' i V " ii'i.'uiijowwujiwii v .. w ..... - ' " V 1 il ;de mnimmmm(mimt 1 MIMf" v't----y-ft.ll -fflruLJlllL I Dramatic Club Of High School Presents Comedy The Memo Jesters, dramatic club, of the high school, presented a one-act comedy, "The Ghostly Passenger," last week in the school auditorium, under the direction of Miss Hestern Anne Withers, dra matic coach of the school. The cast included: Shirley Col- kitt, Jane Dudley Francis, Merrill Green, Dorothy Richeson, B. F. Brown, Bob Ferguson, Richard Bradley, and J. D. Hyatt Assisting as stage crew were: Loia Massie, who waa in charge of lever, several people had seen a lights, Billy Davis and Bobbie Colkitt of sound, and Met Dieua as bookholder. The scene of the play, -rhich was highly entertaining, was in the living room of the Owens' rented cottage in Vermont, with time in early summer. Mrs. Owens had planned to have a quiet summer, but the fates had decided otherwise. Next door to the Owens' place is an empty house, which had been deserted for a long time as the owner was dead. Shortly before the action of the play begins, a mysterious automobile had been ghostly passenger emerge from the back seat, The Owens' young son starts out to solve the mystery and the au dience was held in suspense until the disclosure at the end of the play. All those taking part were highly praised for their interpre tation of the characters they por trayed. Acute wheat shortages are re ported in China, Manchuria, and Japan, although, the total crop in these countries was larger than seen parked outside the place. No-a year previously, says the U. S. body saw it arrive or depart, how- Department of Agriculture. Cecil 4-H Club Group See Actual Demonstrations By Edna Rogers. The boys of the Cecil 4-H club got a practical experience at their February meeting, when J. C. Lynn, county agent, gave a dem onstration of branding calves at the Jack Hipps farm. While the boys were out on a field trip, the girls of the club heard Miss Mary Margaret Smith on the fundamentals of sewing and ATTENDS CONFER Ex( Miss Doris Whitesides, 0f nesville, and a student at College, U.N. C, at C3 is amonsr the i i..., 1 college attending the PresJ rwUA" lon cooking. The hnvn . met in J meetino- for the , 7 "njf e'"ui raws rains' r.t. r l '"i1"'1 uenlonstration3. It is estimated that th .J car uuuiins iourteen mil,.. ii ,. lc isbuuu ui gasoline. JULIAN PRICE, again re-elected president of the Jefferson Stand ard Life , Insurance Company, re ported payment of a dividend and of a five per cent bonus on earnings of all home office and branch em ployees. TIME L Y Farm Questions and Answers Question: What is the proper temperature for a brooder house? Answer : For the first week after the chicks are placed in the brood er, the temperature Should be regu lated to 98 degrees at the Outer edge of the canopy and on a level with the chicks' heads. This tem perature it lowered five degrees each week until the sixth week, but care should be exercised to avoid running the brooder at a sub-normal temperature. Where brick or rock brooders are used, a room tem perature of 70 to 75 degrees is sufficient. Methodists Of State Expected To Give $41,000 More than nineteen hundred Methodist churches in North Caro lina will participate in Methodism's nation-wide observance of Day of Compassion on March 2. Special sermons and services will empha size the extraordinary world situa tion. It is expected that North Carolina churches will contribute $41,000 on this day as their share in the million dollar campaign to relieve human suffering in war stricken areas and for special work at home. One-half of the amount will be used for overseas relief in Europe and China. Assistance to the Moth er Church in Britain will take one quarter of a million dollars. The remaining fourth million will be used in meeting the religious needs of youth in training under the Se lective Service Act. ine million dollar emergency fund is being raised under the lead ership of the Council of Bishops and its use will be carefully guarded by the Emergency Commission. Favorable reports are being re ceived indicating plans are al ready under way for this observ ance in many North Carolina churches, according to a statement by Bishop Clare Purcell, Charlotte. in charge of Methodism in this state. tion for feeding pigs? Answer: Complete details for feeding Dlfirs are container! in Ey. tension Circular No. 238, "Raising Hogs in North Carolina." Copies may be obtained without charo-o by writing to the Agricultural Edi tor, State College. Raleigh. Al though there is no one best ration. a more or less standard ration that produces good results consists of j .., v..u6. vi lion mcai, auu I mineral mixture. However, sub 'stitutes that are more economical lean be used for some of the in gredients. Question: How can the small worms that up-root tobacco plants in beds be controlled? Answer: An application of nap thalene flakes applied at the rate of one and one-half pounds to each 100 square yards of bed will con trol these worms easily. Some times one application is sufficient, but in some cases three applica tions may be needed. When more than one treatment is necessary, the applications should be spaced about a week apart. If a strong wind comes up immediately after the flakes are applied, the treat ment should be repeated as soon as possible, since the wind wul blow the napthalene gas out of the bed as soon as it is formed. Question: What is the best ra- Question : What is the correct feed for baby chicks just out of the incubator? Answer: Buttermilk or sour skim milk are the best feeds for chicks when they are first placed under the canooV. advise noultrv specialists of the State College Extension Service. They should also have access to dry mash and water. Another good feed is cook ed infertile eggs left over from the first candling. Grain feed may be given after the first seven to ten days. The mash should be fed in hoppers and placed near the source of heat. It is very essen tial that plenty of mash hopper space be supplied so that the chicks may eat all at the same time. You can't demand respect; you 've got to command it This is a beautiful, substantial street," said the Visitor as he rolled by many BRICK homes. HE SAW BEAUTY AND PERMANENCE fo) ETOWAH BUILDS BETTER HOMES Moland-Drysdale Corp. Etowah, N. a Telephone S Truck Deliveries to All Parts of Western Carolina HEADLINE FACTS 1940 REPORT ASSETS CLIMB TO NEW HIGH Assets total $94,764,607 largest in company history. SALES $1,000,000 WEEKLY New life insurance sales in 1940 totaled $51,000,000, averaging nearly one mil lion dollars each week. INTEREST EARNING EXCELLENT 5.11 interest earned on invested as sets. The Jefferson Standard has consist ently maintained leadership in this field. 5 PAID Jefferson Standard paid 5 interest in 1940 on funds held in trust for policy holders and beneficiaries (this rate paid continuously since organization in 1907) No change in 1941. SURPLUS FUNDS INCREASED Surplus, capital, and contingency funds now total $6,730,000new high mark " in funds set aside for policyholder protection. $422,300,000 LIFE INSURANCE IN FORCE 165,000 policyholders own life insur ance totaling more than 422 million dollars. FINANCIAL STATEMENT PAID OUT $6,820,000 Policy benefits paid in 1940 total $6, 820,000. The Jefferson Standard has paid $118,600,000 to policyholders and beneficiaries since organization in 1907. DECEMBER 31, 1940 ASSETS Cash , United States Government and viuuiuipai ounus , All Other Bonds . Stocks UMert Kruritim MrttrfTt'nMrket. coat, or nil value, whichever in lower? First Mortgage Loans ". ..... tn farm property rt.412,M2." On my property S43.3S0.777. Real Estate -$ 3,107,287 LIABILITIES POLICY RESERVES. Loans to Our Policyholders ' : Premium Loans and Liens Investment Income in Course of Col lection Premiums In Course of Collection.. All Other Assets..... 3,896,692 5,982,293 6,656,238 49,793,609 4,023,629 13,972,608 3,723,601 Thl.ount represents the reserve re- hu" "j iw iu Kssure prompt pay ment of policy obligations. Reserve for Policy Claims Claims in course of settlement on which proofs have not been received. Reserve for Taxes Premiums and Interest Paid in Ad vance .... $ 79,288,190 Policy Proceeds Left with Company. Dividends for Policyholders Reserve for All Other Liabilities.... 339,662 483,848 895,850 5,865,409 882,475 279,173 $ 88,034,607 Contingency Reserve .....$1,400,000 A fund to take rare of con tingencies, depreciation on real eMat and invest ment fluctuations. Total.. 940,847 - 2.576,858 90,945 -$ 94,764,607 Capital.. 2,000,000 ,www,wwv SUrnlUfi llnaccinnarf 9 oA aam . lotal burplus Funds for Protection of Policyholders $ Total.. 6,730,000 S. E. CONNATSER Special Representative PHONE 259-W WAYNESVILLE, N. a S 94.764.607 1fc; Hli.!.: i-PW '
The Waynesville Mountaineer (Waynesville, N.C.)
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Feb. 20, 1941, edition 1
12
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