Newspapers / The Duplin Times (Warsaw, … / Nov. 4, 1954, edition 1 / Page 13
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i : r:z:;;:ncLiL i.r; j iitsuxancb company tj:.uiripN Drcn::zi- 31, is33, As SHOWNiv - ,, - ey ctat2:.:lnt filed , ; Income From Policyholder! $-3,24,652.23; , V VY 1 V Miscellaneous. $4,882,742.76; Total S&!f:fi&&llriwM 01 Dlsbursementf-to Policyholders 7,C17,B5&S2; ; v , , f ' C , Miscellaneous, ii,oup,2e2.4; Total , ASSETS Bonos ........ ...j.... 4,.,.:, i Stocks .."....t. ', r irtgage Loani on Real Estate ;l Estate aiicy loans. ..,.is.,..y Cash and bank deposits' Lite Insurance premiums & annuity considerations deterred and uncollected ,....,.,.,, 1313,964.83 Interest and other investlments due and accrued ..,.,,.,. 449,579.59 '. ' Total Assets ,.i ... 84,511,156.88 LIABILITIES, SURPLUS AND OTHER FUNDS .' Aggregate reserve for life policies and contracts .......$71,927,402.00 r; Aggregate reserve for accident and health contracts viv,;-'.'. . "1,05529.00 . Supplementary, contracts without life conUgencles ........ 106,884.00 Folic? and contract claims , " , , , ' Life 278,951.73 Accident and health ........ 38,208,00 : Amount provisionally held for deferred dividend policies r not included-above .vr..T.T;ivrT';r:r.7T;;;r,1i..77. 645,642.04 $21,618,221.46 $35,026,529.00 ....... 1,402,710.00 ........ 40,896,661.10 ....... ' 1390,558.05 ..,(...,-.- 1,414333.33 . ' 3,116320.98 $89,184.65 : Commissions to agents due or accrued Life and Annuity, Accident and health $0 r.C : 89,18165 General expense due or accrued ..vj... ................... 24,81431 Taxes, licenses and fees due or accrued (includlnc Federal ; Income Tax $175,000.00) 700,000.ob Unearned investment income"V."j ... .... .', ; vi ....... . 43,701.13 Amounts withheld or retained by company as agent or ' ' trustee , v.,.. ,', . 89337.36 Remittances and Items not allocated 15,265.59 Liability for benefits for employees and agents if not not Included above 1,854.51 i All other liabilities as detailed in statement' ...... . . . , 134,693.61 ''- v Total Liabilities (except Capital) 75,146,460.03 Special Surplus funds .. .$ 950,000.00 Capital paid-up ..v,,t.i....... 4,000,000.00 Unasslgned surplus 4,414,89635 "i; . Total. 9,364,696.85 " -, 84311,156.88 BUSINESS IN STATE OF NORTH CAROLINA DURING 1953 - "' ORDINARY Policies on the lives of citizens of said State In No. Amoant forte December 31st of previous year 1315' $ 2,160,194 ' .i - GROUP ' . 128 $ 442,692 INDUSTRIAL 34,700 $ 9,785,057 ORDINARY Policies on the lives of citizens of said State Is sued during the year, 1,191 $ 2,060,100 GROUP 49 $ 163,241 INDUSTRIAL , ' 43,046 $15,501351 rfi , . ORDINARY Total, 2,406 $4320394 GROUP 177 $ 603,983 INDUSTRIAL 77.746 $25386,308 ORDINARY Deduct ceased to be in force during the year 304 $ 614,818 GROUP 0 ; v-INDUSTRIAL 38,317 $13,045,714 , ' ' ORDINARY Policies In force December Slut. 2.102 $ 8,605,976 GROUP 177 $ 605,983 INDUSTRIAL ' 39,429 $12340,594 ORDINARY flosses, and Claims unpaid December, list. of previous year Losses and Claims incurred during year Total ........ 0 0 . INDUSTRIAL 9 $ 2,461 ORDINARY - 750 INDUSTRIAL 434 $ 107,643 ORDINARY 3 $ ',- 750 INDUSTRIAL i 443 $ 110,04 and Claims settled in full by rejection: Ordinary 3 $7!K; Industrial 437, $107,684. Losses and Claims unpaid December 31st, Industrial, 6, $2,420. Premium Income Ordinary, $72321.73; Group, $6,05933; Industrial, $566,. 530.71: TotaL $645.511.77. Consideration for annuities $8,01948 A 8t H. Prem. 212,426.70 Losses 96,492.10. President W. E. Wiltshire; Secretary Wyatt Smith Actuary C. A. McConaghy . Home office 3901 W. Broad St Richmond 12, Va. Attorney for Service; Commissioner of Insurance, Raleigh, N. C. " NORTH CAROLINA DEPARTMENT OF INSURANCE (SEAL) ' V v CHARLES F. GOLD, Raleigh, August 31st, 1954 t Chas. P. Gold. Commissioner of insurance do hereby certify that the above Is a true and correct abstract of the statement of the Home Beneficial Life Insurance Company, of Richmond, Va. filed with this Department, showing the condition of said Company on ithe 31st day of December, 1953. ' Witness my hand and official teal the day and date above written. - - . Commissioner of Insurance Sunshine Sue, arolV,RVA'i"OId Dominion Ban Dance" ssjrsr "You know, frltndt, , I oif covfdVf ft o good tabh ' without Karo J'10 full ritli flavor my "meals a bio success" Pour It on biscuit, -pancakvsH'. vtrythingl ko:.;l. cc:.:PAinr: l (NDITION DICT Lid 31 1S33, AS SHOWN 1 Income-Prom Policyholders, $33,554,772.07; Misc4 $1,690380.91; Total $35,145,152,98. . ' " " " Disbursements To PoUcyholders, $14377.037.60; Misc., $18,909,941.99; Total $31,886,979.59. v . ' . v ' " , ', ' ASSETS vf' v ' " ponds 4 . . . : . w v $37,498,719.87 Stocks . . , .'. 11,474,656.00 Cash and bank deposits v 2,014355.23 Agents' balances or uncollected premiums ....?............ 3,888.667.46 Less ceded reinsurance balances payable 145,700.53 Reinsurance recoverable on loss payments $,612.95 Interest, dividends and real estate income due and accrued ' 204,054.70 All other assets as detailed in statement 681335.45 TOTAL ADMITTED ASSETS; .7. $55321301.13 LIABILITIES, SURPLUS AND OTHER FUNDS Losses unpaid . v. r....,......'.....,.......$213573W.OO Lou adjustment expenses unpaid' ..... 1370,676.00 Contingent commissions and other similar charges : 40,000.00 Other expenses (excluding taxes, licenses and fees) ' t - t it : x I, Underwriting $ 66,400.00 , , j -r v '''''.:' Investment .. 92530 67325.00 Taxes, licenses and fees (excluding Federal income " ' taxes) (..... t ...ii. Underwriting $753,000.00 753,000.00 Tederal income taxes ' 1339.45 Unearned premiums . ."rr. r?rr.T7:'ST7-iT. . . ; ; .77. .7rl6333.149.00 Unearned premiums or reinsurance in unauthorized v c ' : . " companies , ii' -. . .-. . ... .. . . ..... , 13,624.46 Reinsurance due from unathorized companies . 14,88638 Ail other liabilities, as detailed in statement ......... . . . . . . . . , 44.285.58 : TOTAL LIABILITIES 41,007,648.87 Capital paid up ..f ....;......$ 1,500,000.00 ; Unasslgned funds (surplus) .....13,01335436; ' Surplus as regards policyholders 14,513,554.26 Business In North Carolina During 1953 LINE OF BUSINESS Net Premium Net Incurred $ 20 27,071 6,906 , 23,052 25,114 1,626 4348 2 845 4,019 $92,992 Lister Accident $ 1,147 Workmen's compensation 34,940 Liability other than auto 18,483 Auto liability ,v 90,080 Auto property damage 58,313 Property damage other than auto 3378 Fidelity 6,179 Surity ; ........., 12,867 Glass . 2,315 Burglary and theft 9,680 TOTAL $237,386 President, Harold V. Smith . , Secretary, W. E, Treasurer, H. B. Reinhardt Home office-59 Warden Lane, New' York 8, N, Y. Attorney for service: Commissioner of Insurance, Raleigh, N. C. Raleigh, July 22nd, 1954 I, Chas. F. Gold, Commissioner of Insurance, do hereby certify that the above is a true and correct abstract of the statement of Home Indemnity Company of New York, N. Y. filed with this Department, showing the condition of said Company on the 31st day of December, 1953. Witness my and hand and official seal, the day and date above written. (SEAL) Charles F. Gold Fire andjor Casualty Abstract Commissioner of Insurance By REBEKAH P. KIBBY STATEMENT HOME FIRE & MARINE INSURANCE COMPANY ' San Francisco, Calif. CONDITION DECEMBER 31, 1953, AS SHOWN v BY STATEMENT FILED Income From Policyholders, $19310,12231; Misc. $ 2,409,974.35 Total $21320,09736. - s. 1 Disbursements To PoUcyholders, $9,102,224.93; Misc., $10,658,080.06; Total, $19,760,304.99. J' C ' ASSETS' . V" : Bonds $30,019315.54 Stocks 12314,109.00 Cash and bank deposits ., 1,980,033.61 Agents' balances or uncollected premiums 3382,718.96 ' Less ceded reinsurance balances payable 132,386.60 Bills receivable, taken for premiums 105,154.81 Reinsurance recoverable on loss payments 39396.41 Interest, dividends and real estate income due and accrued 132342.47 All other assets as detailed In statement 216,618.16 , TOTAL ADMITTED ASSETS $47.86739938 I LIABILITIES, SURPLUS AND OTHER FUNDS Losses unpaid $ 6,474,75734 Loss adjustment expenses unpaid 699387.49 Contingent commissions and other similar charges 96,879.02 Other expenses (excluding taxes, licenses and fees) Underwriting $ 20,359.58 Investment 300.00 20,659.58 Taxes, licenses and fees (excluding Federal Income taxes Underwriting $485,741.18 Investment 485,741.18 Federal income taxes 930,000.00 Unearned premiums - 17,611,781.37 Funds held by company under reinsurance treaties 950,492.48 Amounts withheld or retained by company for account Of others 814.78 Excess of liability and compensation statutory and voluntary reserves over case basis and loss . expense reserve 16,492.57 All other liabilities as detailed in statement 6,055.31 Total liabilities 27,494,961.02 Special surplus funds: $ 400,000.00 Capital paid up . . ; 2,000,000.00 Unasslgned funds (surplus). 18,062,63836 Surplus as regards policyholders , 20,462,638.36 Total .$47,957399.38 Business In North Carolina During 1953 v'r.v' Net Losses LINE OP BUSINESS Net Premiums Incurred Fire ..$80,017 $40319 Extended coverage $ 12,849 6,113 Torn, wind,' eye; hail (except growing crops) 19 22 Sprinkler1 and water damage - -. 252 Hall' (growing crops) 17317 9,609 Ocean marine '. 1,694 343 Inland marine ..A 34,248 11,193 Auto phya. damage 85 13,292 TOTAL ' $146,381 $80,791 President Jas. F. Crafts; Secretary. J. B. McCowan ' Treasurer, Jno. S. Seltridge . : H . Home office 401 California St. San Francisco 20, Calif. ' Attorney for service: Commissioner of Insurance, Raleigh, N. C. NORTH CAROLINA INSURANCE REPARTMENT ' .: Raleigh, August llth, 1954 V J :-1, Chas. F. Gold, Commissioner of Insuraice, do hereby certify that the above is a true and correct abstract of the statement of the Home Fire and Marine Insurance Company, of San Francisco, Calif., filed With this Department, showing the condition of said Company on the 31st day of December, 1953. , .. Witness my band and official seal, the day and date above written. (SEAL) '. - - " CHARLES S GOLD -i Fire andor Casualty Abstract ' - - Commissioner of Insurance It is, as I write, the eve of Hal loween. While thinking about the ghosts I have almost, known, I have worked up a : fine case of goose pimples. As ah exercise in exorcism, Til tell you about them. i The first ghosts In my memory lived pardon me haunted a sec tion of my hometown known as Bloodfield, a sobriquet ' earned through the numerous acts of vio lence (including murder) commit-i ted there. The home of Louise, who 1 helped my Mother to- bring up her three daughters,, was situated there, i Even when the day were short Louise had to be home before dark to offset a chance encounter with some unhappy spirit. Once the sky darkened, they could be seen Wait ing . Just beyond the bridge that spanned the wide . ditch or canal that ran past the borders of Blood fleld. These' ghosts, unlike Casper, were never in a friendly mood. Like the elder Hamlet's, theirs was a mission , of . revenge upon their murderers and their widows un faithful to their memories, i, By the time I was twelve we had our own special ghost. His advent Into our neighborhood came about in this way: , . v During ' tobacco-selling season a farmer was brutally murdered. The weapon used was evidently a sharp edged instrument like a hatchet or pickax .Where the initial crime took place or who the slayers were are questions which have never been answered. The night policeman in Kenly told of seeing one Saturday midnight a Model T Ford turn off the 301 Highway onto the Main Street of our town. Something was being dragged beneath the car. , It was such a suspicious looking sight that he determined to follow the vehicle. But he was unable to track it for any great distance, prob ably because the driver turned down the side street at our corner, and thus "lost" his pursuer. The side street, at that time, was used almost exclusively by big log ging trucks coming up from Wilk inson's sawmill. Consequently, there were great ruts and rocky ridges along that little-used and rarely scraped thoroughfare. Directly in front of our garage which opened onto the street was an especially "bad bump", a heap of rocks which mother and daddy were forced to encircle when "putting the car up". It was on that pile of rocks that George Bethea, then night porter at the depot, discovered the body of a man early one Sunday morning. George came and knocked at our door. "Mrs. Fulghum, there's a dead man out there in front of your garage". "He is probably drunk, don't you think. George?" "Mo'm, he's dead." Several days passed before they learned the identity of the slain man. The reason for the murder was obvious robbery. He had Just sold tobacco, yet no money, nothing was found on his person. His slay ers, in trying to get rid of the body, had done so, without knowing Just where.- They say he used to come back to the scene of his dropping off place. There were those who were careful to walk around, never, across, the spot where they found him, and the street was little used at night by pedestrians. I was never to see our ghost But I often thought of him when Anne and I crawled into bed in our room with, windows looking out toward the garage. Sometimes it seemed a shadow passed and eerie sounds broke the stillness. It could have been the wind waving the tree branches across the street light, and a gramophone in a distant house playing shrill Jazs tunes. . - - There were other , ghosts. Those in the -stories told around an open fire after a weiner roast Ghosts In literature flike ; the wonderful a musing one that got in James Thur ber's house, the frightening appari tions in the works of Foe, the class ical ghosts of Banquo and Hamlet's father. , - At College we were not so learned that we did not wander uneasily past the large empty house near the campus. ' Dark windows stared starkly at us, and when we grew brave enough, to approach, we found that rankly growmg weeds hid the rickety doorsteps, . " Do we ever outgrow a belief in ghosts? , ', . :V; . A few Saturdays ago we Journey ed to Sanford to attend a dinner a reunion of classmates. We drove along in the twilIgntrAta" rathe? forsaken " spot along the , way we passed a teenage boy hitchhiking. He Wore a blue sportshlrt and khaki pants. Further along, in Lllllngton, a youth similarly dressed was try ing to thumb a ride. When we reached Broadway, another young man in the same garb stood on a corner silently seeking a lift. Dif ferently persons each time? Or a restless young ghost satisfying his wandering lust? Oh, well, this is an enlightened age. Coincidences, imagination, fab rication, feelings of guilt, halluci nationsall can create ghosts, Of course there is no such things as a ghost But it was the night before Halloween, and I was Just think ing about the ghosts I have almost known. Now we can laugh it off Good night. Sleep well. the man who waits, but t..e i c secures a key to the door of suc cess. , himseif. CORN WANTED Bring your went to ear warehouse e Truck Lane. We can shuck and shell ft there er at yonr farm.', H. J. UIJDERVOOD MIL'S CO. Track Lane Clinton, N. C. OO064$OOt)OOOO oooooooooooooooooooooocot O WELCOME VETERANS , O O : ' " ' ' O V .. , t . j y ' O THEATRE GRILL O -- '''' :Jc,-l ' ' '-' . O X Warsaw, N. C. O ; - ' , f -:i ' .. ur.. -VxO O Try Our Sandwiches, Milk Snakes, Short Orders, O A "'' O X Soft Drinks, Ice Cream q O r O HOT BISCUITS oooooooooooooooooooooooo 0000000000000000000000001 o o o o o o o o O inets 0 -&&;;k:a Mf. &?m O mates Invited. Phone 3742 BROWN CABINET SHOP MILLWORK OF ALL KINDS , ( i Nothing But Western Douglas Fir Used in Cab- Everything Built To Order Free Esti- O O o o o o o o o o o o O ROSE HILL, N: C? t . ' , O OOOOOOOOOOOOOOOOOOOOOOOOI To Affect Taxes RALEIGH Hurricane Hazel's damage 0 homes and other personal property quite like will cause a sig nificant , dent in the state's reve nue picture, Bevenue Department officials said a few days ago. Just what the affect will be Is not known, according to Ben Eaton, assistant commissioner of revenue. Eaton said the attorney general's of fice Is studying the scope of a clause in the Revenue Code which states that deductions may be made on: "Losses of property not connected with trade or business sustained in the Income year if arising , from fire, storm, shipwreck or other casualties or theft to the extent such losses are not compensated for by insurance or otherwise."' ' This would Indicate you may de duct from income taxes most losses of personal property caused by storm and not compensated by in surance. : ' For instance, as a simple example, if a man has an Income of $10,000 a year, and he loses a $10,000 water front cottage which is not covered by insurance, ' he probably could legitimately enter the loss as a de duction and not have to pay any state income taxes. . ' . Likewise, a person losing a valu able tree; which added to the prop erty's value might also be able to deduct for the loss of the tree. Eaton., said the revenue depart ment hopes to be able to issue a public statement clarifying the mat ter in the near future. The state ment would help the public figure out which losses it could deduct, and perhaps advise how to go about placing a fair value on other unin sured personal property which was destroyed by the hurricane. v Eaton added the department has asked tor a clarification on the word "property" and that would be Included under it , STRICTLY FRESH COUNCILMAN In Millbrae. Calif., wants to license people to make them responsible for their pets' actions. Yup, it's a dog's life. e Man In Los Angeles, Calif., says he saw a frying saucer land, a little man in a white suit get out, and a truck pick up the space visitor and his ship before he could get the truck's number. Same truck that took the bottle away? ( WHAT A fWAIwayt Buy.. W W Kdott rap- Thanks From Your Telephone Company The Carolina Telephone and Telegraph Company extends thanks to the thousands of its customers for theirpatient under standing of the difficulties in restoring telephone service interrupt ed by the hurricane. Employees of the company, trained personnel from other com panies and contractual forces, worked "round the clock" to complete the job of restoring your telephone service to normal as quickly as: possible. . Customers who were deprived of service due to the hurricane will have adjustments made to their hillings for the period in which their telephone was out f order. Adjustments will be shown on forthcoming bills. ; mi , ; mi. i, The CC FORDO cure coming;. .. - 5 ' . , v . v- - - ; w.- .' , y , ' ':!. W i.,,-,t',,f v ;;' '" l' - ' y ' y3-:&r-'r' in r i .MMwMwwMBMMMaMaeMaMawaMBSiHi".1.1...1 .. 1 "" 1 a "' .---f--.-;- - - v 'j.;;'.1 ": i'.,..v- r v.: . ..,:. - ...:,?. -4 '- .: '
The Duplin Times (Warsaw, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 4, 1954, edition 1
13
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