Newspapers / The News-Journal (Raeford, N.C.) / Aug. 28, 1941, edition 1 / Page 3
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T’t: #*" '■•ses ■r'''-'S¥ r,:^\ W- \ jMC* iW: *7# * ^ AtfGVSV WlMl THIS WEEK IN DEFENSE In % radio address ^ io the Army on th*r j^nnr for extension of selec- tiv4^^^PB> War Secretary Stimson said' wW the. Government realized the personal sacrihce of additional service but was also ccmscious of the danger to the U. S. He said' “some of the most significant symptoms, which invariably forecast the coming of a new Axis attadc.. .are occurring in South America, . . .the most dangerous avenue of attack against us.’" The War Department announced that unless the international situation becomes more serious it intends to release by December 10 approximately 150,000 National Guardsmen inducted last fall, 20.000 selectees inducted last November and December and 10,000 Reserve officers. The releases wifi, be made upon application in accordance with the following pri orities: dependency and hardship, age of more than 28 on July 1, 1941, and marriage for those who have served 12 months. Men completing enlistments will also be released on request. AID TO BRITAIN. RUSSIA, CHINA • The President announced aircraft ferry and air transport services to West Africa and the Middle-Eastern war zone to provide direct and speedy delivery to “a critical point in the fhpnt against aggression. . .” The rodte will be so arranged that it will not pass through the zone of actual warfare, Mr. Roosevelt said. The President told his press con ference Russian needs fall into two categories: (1) materials immediately availbale to help them in their sum mer campaign; (2) materials which will be available for the spring cam paign next year. Russia will not get lend-lease aid, the President said, because the Soviets have the neces sary cash for materials. ^ The Public Health Service an nounced a i6-member U. S. medical commission will go to China to direct he^th measures for 250,000 Chinese building the 1,700 mile railroad along the Burma road. PRODUCTION President Roosevelt told his press conference that on the average de fense production is up to estimates and in some cases actually exceeds estimates. He said, however, he stiU is not satisfied with armament prod uction. He said'several hundred tanks manufactured this year have gone to the British; the quota of 61 anti aircraft gims monthly is being more than met; 160 37-mm. anti-tank guns will be delivered in August, 260 in September and 320 in October; 340 81-mm. mortars will be made in August. OPM Director Knudsen told a press cbnference the rate of defense pro gress is sufficient to provide adequate equipment for the Army within six or seven months. He predicted again the U. S. can out-produce' any other nation but said that the nation is still September 1 st and 8th Join our 4i8t FallTeim opening by enrolling lor cm Accounting, Secretaricd. Business Ad ministration, Shorthand or Bookkeeping course. Prepare for prosperity now! There is always a demand for King's graduates. Satisfactory boarding accommodations ar ranged for out-of-town students. Call perscmally, telephone or write necnesl school for catalog cmd applicaticuL, ‘‘Catolinas’ Oldest, Largest and Best Known Commercial Schools'* Baleigh Greensboro Charlotte STATEMENT AMERICAN AUTOMOBILE FIRE INSURANCE COMPANY ST. LOUIS. MO. Condition December 31st, 1940, as Shown by Statement Filed Amount of Capital paid in cash $ 300,OOOjOO Amount of Ledger Assets, Dec. 31st previous year 3,675,233.93 Income—^From Policyholders, $4,059,881.74; Miscellaneous, $37,796.09; total 4,097,677.83 Disbursements—^To Policyholders, $1,437,917.57; Miscellaneous, $2,157,792.78; total ; 3,595,710.35 All Other Premiums—written or renewed during year, $6,563,502.54; in force 5,350,987.73 ASSETS Value of Bonds and Stocks 623,102.35 Deposited in Trust Companies and Banks not on interest 2,672,665.75 Agents’ balances, representing business written subsequent to October 1, 1940 873,505.87 Agents’ balances, representing business written prior to October 1, 1940 4,738.27 Bills, receivable, taken for other risks 3,189.17 Interest and Rents due and accrued ■ 4,307.30 All other Assets, as detailed in statement •. 5,500.00 Total $4,187,008.71 Less Assets not admitted 21,655.07 Total admitted Assets - ^...$4,165,353.64 LIABILITIES Net amount of unpaid losses and claims 170,123.72 Unearned premiums ;2,047,182.81 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 4,324.32 Estimated amount payable for Federal, State, county and municipal taxes due or accrued 196,436.67 All oth^r liabilities, as detailed in statement 239,505.84 Total amount of all liabilities except Capital $2,657,573.36 Capital actually paid up in cash $ 300,000.00 Surplus over all liabilities $1,207,780.28 Surplus as regards Policyholders 1,507,780.28 Total Liabilities $4,165,353.64 BUSINESS IN NORTH CAROLINA DURING 1946 All Other Risks written, $483,500; Premiums received...^ 14,896. Losses incurred—All other, $4,433; Paid 4,171. President, O. L. Schleyer Secretary,. Garland Brown Treasurer, J. L. Crosson Home Office:' Pierce Bldg., St. Louis, Mo. Attorney for service: DAN C. BONEY, Insurance Commissioner, Raleigh, N. C. STATE OF NORTH CAROLINA, II^SURANCE DEPARTMENT, ' 4 Raleigh, May 6th, 1941. ItJ>AN C. BONEY, Insurance Commissioner, do hereby cer^ that the above is a true and correct abstract of the statement of the American Automobile Fire Insurance Company of St. Louis, Mo., filed with this Dq>artment, showing the oonditibn of said Company, on the 31st day of December, 1940. JliTitness my hand and official seal, the day and year above written. ^ ' DAN C. BONKY, InsuraM^ Coiaiaifsioner. not showing the correct spirit Pro duction rather than shipping he said, is the greatest bottleneck in U. S. aid to Britain. ■War Undet* Secretary Patterson, speaking at Syracuse, said the Army will not have to resort to broomsticks instead of weapons for training be cause “America is at last pushing toward peak production... Tooling up will soon be over. Guns, tanks and planes are coming in daily increasing numbers.’’ He cited production in creases in the past six months; tanks 800 percent; other vehicles, 600 per cent; machine guns, 222 percent; anti aircraft guns, 400 percent; smokeless powder, 400 percent. CIVILIAN SUPPLY OPM and the Office of Price Ad ministration ordered auto production for the 1942 model year cut to 817,000 cars dwing the four months begin ning August 1, compared with 1,560,- 000 during the four months ended July 31. Geenral Motors, Chrysler and Ford were asked to make a 27.6 percent cut from last year’s levels Studebaker, Hudson, Nash, Packard, Willys and Crosley, 20.2. OPM Associate Director Hillman said unemployment in the industry would be headed off by transfer of workers to defense plants and other defense industries and the conversion of auto production machinery to de fense work along the ^me lines as similar moves in the silk industry. DEFENSE CONTRACTING The OPM announced changes in Army and Navy purchasing policies to combat unemployment in plants and communities threatened with shortages of materials because of priority action and to utilize more of the nation^ productive capacities through subcontracting. The Govern ment can negotiate contracts at prices up to 15 percent above current quota tions, deal with joint groups of small contractors, eliminate bids and per formance bonds when necessary, ins pect products at the plant to faci litate prompt payment and call for bids to be broken down into optional units to permit smaller firms to bid. AGRICULTURE Price Administrator Henderson set ceiling prices of burlap, used in the packaging of feed fertilizer and agricultural products at approximate ly 20 percent bblow recent New York quotations.. OPM announced 35 to 40 new egg drying plants will be built by private interests at a cost of from $50,000 to $100,000 each in Illinois, Iowa, In diana, Kansas, Minnesota, New York, Tennessee, Wisconsin, and Ohio in creasing capacity from 12,000,000 to more than 100,000,000 poun^ an nually to provide dried eggs to Great Britain. Similar propects are under consideration to expand milk drying, cheese and other concentrated food production for American and British requirements. CIVILIAN DEFENSE Civilan Defense Director La- Guardia arranged for the first State wide “blackout” to be held the night of September 12 in New Mexico. Twelve towns will be “bombed,” fires will be started in vacant lots and other emergencies will be rehearshd. Mr. LaGuardia also announced a training program for 100,000 volun teer nurses’ aides with the colla boration of the Red Cross and local hospitals. The Public Health Service called for 50,000 young women to begin professional nursing training this fall to meet a future shortage. At present, the Service aid, there are 10,000 vacant positions or regis tered nurses in the nation’s hospitals. CREDIT CONTROL The Federal Reserve Board issued tentative regulations which it said will probably be placed in effect in September to increase the required size of down payments on install ment buying (they will be from 15 to 33 percent) and to shorten to 18 months the time for payments on autos, airplanes, power boats, motor cycles, refrigerators, washing mach- "taes. stoves, air-conditioners, radio sets and similar household appli ances. OIL Deputy Petroleum CoordinatorDa- vies reported only a 10-day supply of gasoline reserves on the Atlantic sea board and Price Administrator Hen derson ordered a 10 percent cut in deliveries to filling stations in East coast States. Filling stotion operators were told to reduce gas sales to their customers “equitably” but to al low necessary fuel to commerical, public and health vehicles. SHIPS ^Maritime Commission Chairman Land, speaking in California, said the immediate goal in ship production is more than 1200 merchant ships by the end of 1943 and the U. S. would be producing an average of two ships a day until then. , The Navy launched the sixth sub marine since January 1 and annou nced that during the first half of August two minesweepers, two tor pedo boats and two district craft were launched and 18 keels laid. Professional Cards ARTHUR D. GORE Attoniey uid Coonsellor at Law Bonk of Roeford Bnildiiig N. McN. SMITH Attomey-at-Law fncHce in AJU Cworta G. G. DICKSON Att(«May«at-Law Roak of IfciwIiiHd Building , G. a ROWLAND Attocney-at-Law Qftiee in ConrtWMa ink mi - rnmiiA N. a State Collie Anawers Timely Farm Qnesticpis Question—^What preparations are necessary for pigs that are to be farrowed within the next few weeks? Answer—^EUis Vestal extension swine specialist, says many pigs will be farrowed soon. Before farrowing time, the sow should be put in a field that has been cultivated since hogs ranged over it. Never let the pigs go to old hog lots or pens. Keep them on clean land imtil they weigh at least 100 pbimds. Vestal also said a sow worth feeding should have a good farrowing house. County agents have blueprints of these hous^ which any grower may obtain free. Question—^When should fruits and vegetables be selected for fairs? Answer—September is the begin ning of the annual season for fairs, so farm families should begin now to get their horticultural exhibits in readiness. Fruits to be exhibited should be picked and handled with extreme care. Keep in mind the act that the best fruit for show purposes is found near the top of the tree. Don’t pick the largest specimens but those which are typical of the variety. Then wrap each in paper and pack snugly. Vegetables for show should be free from blemishes, clean, and fully matured. 26,770,236.9(1 STATEMBMT CONTINENTAL INSURANCE C(MWPANT NEW THUL N. T. Conditkm Decenriier 31st, 1949, as .Nliaiva by flfatriwat FBed Amount of Capital paid in cash..._ 4 5 000400.00 Amount Ledger Assets, Dec. 31st previous year 91.042,18348 Income—From Policyholders, Ml ,682,14047;' MisceUaneous, $5,088,095.93; total Disburs«nents—^To Policyholders, $8,786,113.40; Miscellaneous, $16, 439425.75; total 25426,039.15 Fire Premiums—'Written or renewed during year, $20,703,136.61; In lorce 334^,645.37 All Other Premiums—Written or renewed during year, $18,355,101.94; in force 10435,452.81 ASSETS Value of Real Estate 1,684,688.43 Value of Bonds and Stocks , 81450,183.63 Cash in Company’s Office 8,70340 Deposited in Trust Companies and Banks not on interest 5,094,11342 Deposited in Trust Companies and Banks on interest 92440546 Agents’ balances, representing business written subsequent to October 1, 1940 3,161400.14 Agents’ balances, representing business written prior to October 1, 1940 155,44546 Deduct Ceded Reinsurance Balances Payable -472458.28 Bills receivable, taken for fire risks 150,899.81 Bills receivable, taken for other risks 6!900.81 Interest and Rents due and accrued 256477 07 All other Assets, as detailed in statement 7,405486.11 , ' —.$100424,944.96 Less Assets not admitted | 3,011 663 48 Question—^How should tobacco fields be handled sifter the crop is harvested? Answer—Jack Rowell, extension entomologist says tobacco fields should be plowed and planted to a good cover to aid in the control of tobacco insects. This will prevent the development of tobacco suckers which furnish a food supply for hordes of flea beetles horn worms, bud worms and other pests until frost. Cotton farmers should follow the same practice to fight weevils. ONEofNATURTSAIDS For CONSTIPATION Some fmit Joiees are natural aids for eMstipation. Pniaol c«m« ti^ frtah prone jniee combined with a adeatiflc preparation of aineial oil and phenpl^thalein. CoarfortaUe aeti^ No griping. Satiafactioa guaranteed or money nfude^ 60e 'and $1.09 sImb. Sold and soaraalood by Reaves Drug Store, Raeford, N. C. Total admitted Assets ^ 98,180481.48 UABILITIES Net amount of unpaid losses and claimjs 3,632,429.17 Unearned premiums " 2o!948i729!49 Salaries, rents, expenses, bills, accounts, fees etc., due or accrued qq Estimated amount payable for Federal, State, county and municipal taxes due or accrued ., 628400.00 Contingent commissions, or other charges due or accrued 115,000.00 Underwriting Investment ^ 155 000 00 All other liabilities, as detailed in statement 3,650,000.00 Total amount of all liabilities except Capital $29,204,358.66 Capital actually paid up in cash $ 5,000,000.00 Surplus over all liabilities $63,975,922.82 Surplus as regards Policyholders _ gg 975 92242 Total Liabilities $98,180481.48 ii, BUSINESS IN NORTH CAROLINA DURING 1940 Fire Risks Written, $21,249,801; Premiums received 154473. All Other Risks written, $20,999,444; Premiums received. 47,120 Losses incurred—Fire, $83,045.; Paid 82 705 Lisses incurred—All other, $23,198; Paid 15 207 President, Bernard M. Culver SecretaryrWm" E. Lanim, Jr. Treasurer, Chas. E. Swan Home Office: 80 Maiden Lane, New York, N. Y. Attorney for service: DAN C. BONEY, Insurance Commissioner, Raleigh N. C STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, T . Raleigh, May 12th, 194L I, DAN C. BONEY, Insurance Commissionen do hereby certify that the above is a true and correct abstrart of the statement of the Continental Insurance Company of New York, N. Y., filed with this Department, show- mg the condition of said Company, on the 31st day of December, 1940. Witness my hand and official seal, the day and year above written. DAN C. BONEY, Insurance Commissioner. Oakdale Is Ready to Do Your GINNING Our equipmoit is ounplete in every way to give you good samples, and our perstnoei will give you excellmit service. Gin With The Oakdale Gin N. C. ' I * .
The News-Journal (Raeford, N.C.)
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Aug. 28, 1941, edition 1
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