1 v
j ft.
m-'- p .esana 7 -"-"snaw.
. " .. tueh ritflT
1 y riOk V . on patents
f J I 91 counts 1
; I V DO NOT I
':?v r
Y- Y eoumt recognUt y
JjU Vlttof :
... 4 : 1 . miim fcaa
ketM im om:rf by Jehu W. Aadereo, president of Notional Patent
eecii. Replica received fress 94 reveal that only
far Mci"r!"r etedeata formal coarse on the U.
s. ftyatcm. Of the 91 par cent who da not include a fall course iB tBeir
cnrrfcalusa, about half eter lectuxee or disease patenta briefly ta
ether clk The M per coat who reoj(ni th. r.l.e of patent
iitferatatien for atadenta expressed a willingness to do aomethiar
to make such a coarse available.
income, ha says, lus t:.e t. ;
government does not exempt, any
;orporationentity whether a' co
op or other business enterprise
from income taxation. --- s
"Furthermore," Forster ' says,
"corporations are not .prevented
by law from employing the same
so-called exemption features ; en
joyed by co-operatives. By ' the
simple device of Inserting in their
by-laws or by establishing any
other type of contractual relations,
corporations can avoid the pay-
y Snap Bacit WitH "J
Eiins Co-Op
Taxation
"There are only two major dif
: feraneea in the method of taxing
' ctvoperatives as compared to cor
poraUons." declares G. W. Forster,
head of the Agrtcultural Economics
department of the N. C. Experi
ment Station, in refuting the
" charge that co-operatives are ex
empt from all taxes, thusr reducing
state revenues by $400,000.
; These differences lie in franchise
taxes and income taxes, he points
E2PE3T WORK
Fleer Sanding
And Finishing
Cowflete New
Macfciaery
Tf. A. MMk" Pwell
aWX 24. WAKSAW, N. C.
oat, explaining that co-ops pay an
annual fee of $10 in lieu of fran
chise taxes, while corporations pay
$1.75 per $1,000, based on capital
stock and other assets.
The method of payment is the
only variance between the two set
ups as regards income tax. Corpor
ations are required to pay this
tax at the source on net taxable
income, he says, and before divi
dends are distributed to stock
holders. Co-operatives, on the other
hand, are required by law to dis
tribute their net earnings, less law-
ful deductions, to their patrons.
The patrons, in turn, must declare
such dividends as increased farm
FC3 SALE
lASH - DOCHS
' :ZTSOCK - PAINTS
TESSA COTTA PI?E
CLVCNT - WUCK
AN3 Ml DOS Of
ROLL ROOTING
Z. J. &rbr d Sea
LVVe2cf N. C.
USE
PIIIEE
COUGH SYRUP
It's Different
You'll Like Iff
DosUnad ta ajsaedtty reUave
ahapuThoMlacha and palnM
dlaoomforta of neuralgia, , T
r Proof of narit. Baa.tBnt ftf
Lrtfna ersr enttturd twrtiuy.
m mAdard l. i l. uifh..
jj Uootaiory, tsettd. Otawwl
fa In Vrtea tanaa of evoryon
jj Ma and 38a ale '
OmiUm: Uaa only as dtosatil
More than 400 Boy Scouts of, the
Cape Fear area saw the Army in
action last Week when they were
conducted on a tbur of Ft. Bragg
installations, including Pope Field
and the ,82nd Airborne Division.
The Scouts, led by J. Oatley Lee,
assistant executive of the area, saw
the 82nd ; Honor Guard parade,
heard the. Division band and made
touri'bf the, various phases of
parachute training. The . boys
watched the dogs of the 49th
Ccout Dog platoon being put thru
their paces.
At Pope Field, the Scouts were
taken through the " 082 "Flying
Boxcar" troou carriers by officers
of the 9th Air, Force's 36th Troop
Carrier squadron, and Watched a
helicopter take off,, fly backwards,
forwards and sldweys and hover
a foot from the' ground, ' -
American Legion Post 168 of Ft.
Bragg privided the Scouts with a
Hamburger dinner to end the day's
tour.-fl,"-
Ml
A. J. CAVENAUGD
Wallace, N; C.
JEWELER .
DIAMONDS WATCHES
WATCH AND JEWBLBT
REf AIRING ft ENGRAVING
t A AAA A AO AAA A fl
WHEN YOU NEED
SERVICES OF AN
AUCTIOIIEER
CALL
BILL HltlES, JR.
Phone 270-1 2&2-6
WARSAW, N. C.
oooooooooooo
IS TtlGOE SUCIl'A nur:G AS
2
"Ne"' cJmtm medical authorities, who ought to
know I Nature has so constructed and physi
cally endowed woman tint in many cases she's
apt to suffer ortain distressing symptoms
during her life. For inatance, when she enters
womanhood or during the menopause, the
period when fertility ebbs away,
Now if on 'certain days' of the month fe
male functional monthly disturbances are
causing you to suffer from pain, nervous dis
tress and feel so tired, cranky, you snap at
your children and husband than do try Lydla
B. Pinkham's Vegetable Compound to relieve
such symptoins. It's amoui lot this purpose.
Mode SPECIALLY For OMs end Women
Pinkham's Compound Don mobs than relieve
sues monthly pain. It also relieves accom
panying nervous tension, irritability and weak,
highs trung feelings when due to this cause.
Taken regularly thruout the month this
great medicine helps build up resistance
against such distress. A thing any sensible
woman should want to dol , ' '
Lydla Pinkham's Compound is also very
ftMtiVB to relieve hot flashes and those funny.
embarrassing feelings during the years 38 to .
3 when due to the functional 'middle-age'
period peculiar to women.
Pinkham's Compound is worth trying!
VEGETABLE
roooooooooooooooooooooooiopoooooooooon
fc - ''''
'A
This b fo roind all prospective buyers of Mules
(!::! Iccrry tzi cf fho Iqrgost ond bi selections
cfr::jf beb subs to 1:3 found in D:;!in Cc-
I hzK: Every ' To Do As Rc:,rcsc:!:d.
. Ja J C 1 aJsTai
ting t..eir U-t earnings to their
customers." ' ... ,
If existing corporation laws ap-
pUed to co-ops, he says, the total
income tax would only amount to
an annual estimate Of $80,940. ,
Scouts See Army
,-4.
In Action
1i
This b Hy First Yhdt Here
A seventh Daughter. Born with a
Veil, not, to be classed with Gyp
sies Over SO years experience.
Advice on all affairs of
life. Please don't con-
that of the ordinary
fortune teller. . The
truth of nothing. Re
member, a doubter
finds me superior to
all readers. Reads past,
present and future. - Office for
white and colored. Hours 10 a. m.
to 9 p. m. Open daily and Sunday.
Permanently located in trailer
studio on Wilson highway In front
of Guy Beet's store. Take Green
Gables bus to my office. Look for
Hand Sign, Goldsboro, N. C. (adv.)
V'j.'ttot
llhg Frcn'CclJ:
lien
What ' jreur cold briags oa a
treuMaeai cough, siMad 45 casta at
any trxtg store for a battle of OCK
LOT S CAKADIOL MIXTURB MM
aettnr u rcliave eoujhing last. BUCjt
Lfiir'S sets promptly to belp looaea so
tHck, sticky phlegm Moth irritated
throat membranes and cose hard soaektr
teg spells. So try t tha very aext Uato
a sold results la a wraeMaay stubborn
cough. Find out far yauneU Jtwt how
go4 It is far soughs due ta oalda. Cat
BUCKLBT'S CANAWOL MIXTVM
saado a tha V.B.A.-TOBAT all erug
aaata. t ,
M. F. ALLEN JR,
General Insurance
KENANSVILLE.N. C. ;
KBNANSVILLB'S ONLY INSURANCE AGENCY
STILL SELLING ,
llev and Uid Ccrs
All Makes id t !:.;!$
Delivery on HEW CARS
Of Any Kind 3 To 5 Days
LEYIS MOTORS
WARSAW, NC.
JofifiosrcQn Standak&'b rU?UM$&Mi!G0i
' t n , i .. J I' '
to Policy holdcffs ana Dcsicic&apOo C3
.pecembgf 31,15;: L'jS72-
Iiac provided
HAPPINESS
ET1REMENT .
a LZ3
4
1 1947
EDUCATION
COMFORT
SECURITY
J907
' THOUSANDS OF POLICYHOLDERS, representing 4 cross-section of'foresighted men and women in 28 -states,
the District of Columbia,' and Puerto Rico, are how sheltered by the protective cover of Jefferson Standard,
life insurance. During the year 1946 more new life insurance was purchased, both by old and new policyholders, than
in any other year in the company's history. tSuch rapid growth is striking testimonial to the helpful service rendered;
policyholders and to the integrity and qualifications of the men and women who comprise the company's field or
ganization. Q Entering its 40th Anniversary , Year, Jefferson Standard is on the threshold of $700,000,000 life in
surance in force, with intensified plans for expanding the company's service to many new communities. I ' "
EXCELLENT EARNINGS ON INVESTMENTS
S Jefferson Standard again led all major life1 ihtur.
' : once companies in rata of interest earned on'
invested jusett the result of an alert and sound
inrestment policy. . .f
5 INTEREST PAYMENT CONTINUED
V Again in 1946 5 interest. was paid on fund
held in trust foe policyholders and beneficiaries,
thus continuing a rate that has been maintained for
40 years tine the company was organised in 1907.
STRONG FINANCIAL POSITION
if (a) Contingency Reserve, Surplus, and , Capital
' total $20,800,000, an unuiuolly ' high ratio of
additional funds for policyholders' protection.
'V'' (b) Total assets $179,000,000 an increase of $ll,
OOOOO for 1946. For every $100 of liabilities there
era $113.12 of assets. .
NEW RECORD GAIN IN INSURANCE .
IN FORCE '
iS Insurance in force increased $83,000,000 in J946.2
K Total is now $672,000,000 on thousands of
, policyholders from coast to coast.
'" 1 r, ' "' .;' ' t-:- ,
' BENEFITS PAID ?J . . ". ,.'.
17 PJMflOO paid to policyholdorp and beneficiaries. ;
in 1946, bringing the total since -organisation in'
1907 to $159,000,000. , t - ; : - .
LARGEST INCREASE IN NEW BUSINESS
S $114100,000 Ufa insurancs was purchased by now .
end old policyholders in 1946 on overage of
$200M0 per week a 64 increoso oyer 1945.
AS if Lf
DECEMBER 31, 1946
ASSETS
.LIABIUTIIS
Cash
$ 5,3J,900
United Stitfcs Covernmant -
Bonds ..... 31,440,eT
All other Bonds.
Stocks . . .
Listed securities are mrrfad ;
at market, enat, or call
price, whicl.uvcr h kiweit.
, 2i72,579
16,035.548
policy Reserves .'. . $15,512,7
..A (und which with future -.
j prcmlume t and tntareit
..fl)n.nrs provides for the - "
, iaymint of policy oblige . ;
; Uuna as they fall due.
Reerrvo for Policy
-ClairiM . . ...'.'... 1,033,734
, :.; :C!tti," ;n v-hlch eampleted . ' t - .
x'. n--nt have not been re . t
. celvcd. v.' , V ,4 'Jf . .fuc ' ""
Rosorve for Taaos . ... . 5 S9,22
PeTijums JiaJJetorest If ' ' '
' Paid in Advance,. . 3,920,294
First Mortgsgj Uans .. . 78,061,24' : , ' - -.
, S Policy Proceeds Left . -
" " , with Company , . , 14JS0,5?U
Real Estate 4 ; ..,319,067 .. ' - "
Dividends tor , , (. .
, ovPoiicykoleors f .'.v.. 1,795,787
Loans to Our' "' !..,:':'. . , . ,;
b t .1 k , -:,aXM Liabilities . . .. . U266 5J9
a- Secured by the eaak values , T v, I :". . , j.. ,! . : "
of policies. . " .
Cortingonry
Rorvoj. $8V0d 'l' -
Ci-pitai icouo.oca -
Surli's Un-
assfenod 10r5';0,00p "' -
-Invostmsnt Income in . ,
Course of Collection v i, 1,302,075
Piosnioms in Course of
' Collortion':.. .
3.437,016 T., . Z TV"
i ' . i.:.J .Total Surplus F-cnos for
All other Assets
Total .
58665
$179490,937
AsWMsual Protection
or Policyholders . .,. . . . 20.0f.0''')
i Total i.. ? i
5179,290.937
D. M. Carlton, SpGcial RoprocoriaC:
WAKSAW, N02TXI CACOJXIA