Newspapers / The News-Journal (Raeford, N.C.) / Nov. 20, 1947, edition 1 / Page 4
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IPUIIII-W' " NEWS^OimNAL - "' ' . vV^ • -v^i- lBUB3bAir» NOVEMBER 20. 1947 ■ I ■t.;i->se' “t-'' The News-Journal -1 ’'Honh CsroUno _ '^KESS ASSOCIATION © i n Published Every Thursday at Raeford, N. C. Subscription Rates S2.0e per year in advance PAUL DICKSON Editor and Publisher Entered as second-class mail matter at the post office at Raeford, N. C., under the Act of March 3, 1870,, f me TA^TS A Lump Of Coal Ask the ordinary citizen to describe a lump of coal, and he’ll tell you that it’s a black, heavy, rather, dirty substance whose reason for being is to provide heat for home^ and en ergy^ for industry\, ' These are vitally important functions—but it iS'now being found that coal is a great deal more versatile than that. In the near future coal wil not only be a solid fuel, but will be a source of gasoline and other liquid and gag fuels, and the raw material base of innumerable chemical products. And, luckily, our known reserves of coal are virtually limitless. According to an authoritative' survey, based on t^clmical information supplied by a large number of, government and industrial organizations, “Complete conversion of coal to li quid and gas fuels and to chemicals means the establish ment of whole new major industries.” To be practical, the plants must be of great size. Each will cost in the neighbor hood of $100,000,000, and will employ 2,000 men directly and 4.000 indirectlv. A pilot plant is now under construction and, ® balanced ration or for the lack - . ,, of mineral. Hogs -grow fast when if it lives up to expectations, the work will go ahead as rapidly as conditions permit. There, in brief, is the transformation that a commonplace lyimps of black coal is now undergoing. Back of it lies decades ^ exacting research and experiment. And free enterprise is turning theories into practice. Industrial News Re\aew MORE ABOUT Farm Notes statement NEW HAMPSHIRE FIRE INSURANCE COMPANY MANCHESTER, N. H. Condition December 31, 1946, As Shown By Statemen|^ Filed Amount of Capital paid in cash $ 3,000,000.00 Amount Ledger Assets, Dec. 3jlst previous year, $10,417,330.49 Increase paid up Capital Total, $18,417,338.49 Income—From Policyholders, $10,793,264.36; Miscellan eous, $1,280,841.83; Total, $12,074,106.19 Di^ursement—^To Policyholders, $4,312,828.68; Miscel laneous, $5,426,989.83; Total, $ 9,739,818.51 Fire Premiums—^Written or renewed during year, $11,432,418.64 In Force, $19,217,330.21 Ail Other Premiums—Written or renewed during year, $6,555,830.13 In Force, $ 5,931,871.38 — ASSETS Value of Real Estate $ 58,387.55 Value of Bonds and Stocks $16,436,272.90 Cash in Company Office $ 58,7^1.73 Deposited in Trust Companies and Banks not on interest $ 2,140,^8.60 Deposited in Trust Companies and Banks on interest $ 25,560.89 Agents’ balances, representing business written subse quent to October 1, 1946 $ 2,090,566.73 Agents’ balances, representing business written prior to October 1, 1946 $ Deduct Ceded Reinsurance Balances Payable $ Bills receivable, taken for Premiums ...■ $ Interest and Rents due and acrued $ All others : $ 28,795.63 283,688.36 40,513.25 66,276.66 3,349,463.19 supplied a balanced ration and plenty-^f water. Very often the trouble can be traced to a defi ciency of mineral. It doesn’t take much mineral to satisfy the needs of a hog, but the lack of jt can cause,_,avhog to lose apetite, deve lop sore feet, or a weak back and eventually die. A mixture of 10 parts of . agricultural limestone, 5 parts steam bone meal, and 2 parts salt when kept before the hogs or mixed with feeds goes a long way in growing healthy hogs. MORE ABOUT Reserve Members Experiment Station Releases Findings by the interviewing officer. They must have a copy, or photost'atic copy, of their discharge when in- tervi^ed. Qualified applicants will be as signed to Class I installations in the Third Army area and placed on temporary duty to an escort detachment of thek choice. These detachments are located at Mem phis, Atlanta and Charlotte. Travel of dependents is not auth orized. MORE ABOUT ' SCHOOL NEWS a Donkey Basketball game Mon-: day evening in the high school gymnasium. Today the pictures for the high school annual are being ; made. The Beta Club is . publishing the annual again this year. _>0 Christmas Seals will be sold throughout the country froifi Nov. 24 to Dec. 25 to raise funds for tuberculosis control and pre vention work. PERSONALS Mr. and Mrs. Charles Morrison and Mrs. G. W. Brown returned Saturday after spending several days at'CefedoTWest Va. Mr.' and Mrs. Kenneth McKeit- han and son spent Friday night and Saturday in Raleigh with friends. . ‘ Miss Peggy Bethiq^e spent the week end with relatives at Char lotte and Belmont. She was ac companied' to Concord by Mrs. Kate Blue Covington, who spent the week end there, .and by Gay Befhune, who returned home after spending last week in Raeford. Mrs. Hubert Wooten was on vacation from the Welfare De partment last week. Miss Leonora Currie, student at UINC, spent the week end with friends at Queens college, Char lotte. Mrs. Frank Tapp, Mrs. Arch Graham anid Mrs. R. A. Mathe- son spent Wednesday of last week in Lumberton. [Dr. and Mrs. Alan Schaeffer of Delcano, New Jersey, arrived today for a visit with Mrs. Schae ffer’s mother, Mrs. B.^ L, Cox. Statement NEW BRUNSWICK FIRE INSURANCE COMPANY NEW BRUNSWICK, N. J. Condition December 31, 1946, As Shown By Statemenit Filed Total i..... . $24,010,908.86 Less Assets not admitted $ 95,258.88 Total admitted Assets $23,915,649.98 LIABILITIES Net amount of unpaid losses and claims S 2,255,739.07 Unearned Pre.moj.ms . $10,707,092.88 Salaries. rfen*.s, expenses, bills, accou.nts, fees, due or S accrues Esfmatfc, a.'r.o^nt pa. and munf^.pai taxes tse tr Contirigent eo" -ssl.n: t.- .tn Reinsurance art .-e'..rn p.er. Ail other lian...:.e a: '.‘-.'Jk 25,1 Federal, Slate, county tnarges due or accrued $ rs tue other companies S staterr.ent $ 225,000.00 25,000.00 587,494.11 263,100.00 Toti. a.'.toun-. tf ah haibiliti^ except Capital $14,0'88,426.06 Capiital paid up . . . $3,000,000.00 Unassigned funcs (s.rp.usj J. $6,827,223.92 Surplus as regards Policyhclders $ 9,827,223.92 Total Liabilities $23,915,649.98 BUSLVESS D^ NORTH CAROUNA DURING 1946 Rre Premiums received $372,390.; , $ All Other Prem ums received $103,232.; $ Losses incurred—Fire $103,876.; Paid $ 107,827. Loses incurred—All other $ 53,283.; Paid... $ 52,640. Prsidrat Jas. D. Smart Secretary-Treasurer Geo. W. Swallow •Home Office 156 Hano-.er St., Manchester, N. H. Attorney for service; .WM. P. HODGES, Commissioner Insurance, BtdeiRb, N. C. STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, Raleigh Sept. 8th, ,1947 I, ’WM. P. HODGES, Commissioner ot Insurance, do hereby certify . that the above is a true and correct abstract of tne statement of the New IJampshire Fire Insurance Company of Manchester N H filed with this Department, showing the condition o! .said Com’nanv on the 3Irt day of December, 1946. ( ’ ? Witness my hand and' official seal, the day and- vear above written w WM. P. HODGES, Corni The new styled autumn edition of Research and Rgirming, quar terly publication of the North Carolina Agricultural Experiment Station, was released for distri bution this week, and is now a- vailable, free on request, to all residents of the State. The theme of corn and small grains which carries throughout the issue is portrayed, by a cover picture showing two hands, dip ped. into some shelled North Car olina hybrid corn. The livestock feed theme is part of the state wide drive to make North Caro line a meat and. dairy producer rather than an importing state. Lead-off. article in the maga zine is a report on weed-control experiments by Glenn C. Kling- man, associate professor of agro nomy at the Station. Klingman warns that, while weed-control chemical such as 2, 4-D are very effective against certain weeds, they can be very harmful to many crops. He singles out legumes, cotton, tobacco, tomatoes, most fruit trees, garden flowers and vegetables as crops “killed or re tarded’’ by 2, 4-D. “Some of the ways that sus ceptible crops may be damaged,” says -Klingman, “are; Winddrift of spray; from small quantities of 2, 4-D left in spray equipment; by drainage water from treated areas; and from fumes givon off by ester forms of 2, 4hD. Sellings and plants in active growth are generally more susceptible to da mage than mature plants.’” . Klingman reserves his strongest words to warn against using sp ray equipment belore 2, 4-D re sidue has been cleaned out by de- „contamination. To back up hie statements he publishes pictures showing tomato plants that had been killed by the chemical. The damage was caused merely by spraying the plants from a can which -recently contained, the Butyl Esther andEthyl "Ester forms of 2, 4-D. The agronomist is enthusiastic about 2, 4-D as a wee-kiiler, but Amount of Capital paid in cash $1,(K)(),000.(M) Amount Ledger Assets, Dec. 31st previous year, $5,598,914.56; Increased paid up Capital, Total, $5|p98,914.56 Income—-From Poliicyholders, $3,190460.17; Miscellan- ecus, $533,972.94; ., Total, $3,724,133.11 Disbursements—To Policyholders, $1,399,000.43; Miscel laneous, $1,762,554.86; /. Total, $3,1.61,555.29 Fire Premiums—^Written or renewed during year, $5,080,319.30 In Force,. $9,460,016.00 All Other Premiums—Written or renewed during year, In Force, $3,0-83,108.96 ASSETS Value of Bonds and Stocks $5,420,864.36 Cash in Companys Office $ 6,081.57 Deposited in Trust Companies and Banks .riot on interest $ 633,480.24 Agents’ balances, representing business written subse quent to Octab* 1, 1946 $ 725,915.33 Agents’ balances, representing business written prior to October 1, 1946 $ 29,330.37 Deduct Ceded Reinsurance Balances Payable $-654,170.49 interest and Rent due and acerped $ 9,807.00 All other Assets,^SF-detailed in statement $ 164,210.5-7 Total .• $6,335,509.95 Less Assets not admitted $ 29,368.16 Total admitted Assets $6,306,141.79 LIABILITIES Net amount of unpaid losses and claims $ 687,794.00 Unearned premiums $2,847,466.00 Salaries, rents, expenses, bills, accounts, fees, due or accrued $ 16,250.00 Estimated amount^payable* for Federal, StateJ county and municipal taxes due or accrued $ ' 61,600.00 All,other liabilities, as detailed in statement $’-—41,815.76 Total amount of all liabilities except Capital $3,654,925;76 Capital paid up $1,000,000,00 Unassigned funds (surplus) $l,6Sil,2!l€.03' Robert Covington of Charlotte was the week end guests of bis mother, Mrs. W. T. Covington. Clyde B. McKinney spent, the week end ’with home folks at Yariceyville. . ^ • Lilmar Sue Gatlin returned home Sunday after being a patient at Highsmith hospital for sever al days. Mrs. L. H. Holliday of Popla^ ville. Miss, and Mrs. P. E. Fox- worth of Washington, I^ C. are expected to arrive this afternoori for a visit in the home of Mrs. Holliday’s sister, Mrs. D. S. Poole and family. Mr,- and iMrs. Neil Senter and daughter, Mary Neil, spent Sun day with relatives in Kipling. Mrs. Arab Stuart and Miss (Bil lie McIntyre spent the week at Washington, D. C. with Miss Helen Patricia Stuart. Miss Sara Lytch of Winston- Salem sepent the week end wiffi her parents, Mr. and Mrs. Clar ence Lytch. Miss Mary Lewis has accepted a position with the American Au tomobile Association in Charlotte. Mr. and Mrs. R. B. Lewis and Miss Marion Lewis accompanied her to Charlotte Sunday. Heywood Fakcloth spent the week end with relatives in Rose- boro. J. W. Turlington spent the -week end with home folks at Fre mont. Mrs. Ed Gentry of Rox-horo visited her daughter, Mrs. W. T. Gibson,' Thursday and Friday of last week. Mr. and Mrs. Jesse Gibson, thek , granddaughters, Marlene Gibson and Dot Currie, and Mr. and Mrs. Marvin Gibson of Gib son were guests of Mr. .and Mrs. G. C. Lytle Sunday. -Mr. and Mrs. Tom Culbreth Frank Culbreth and Mrs.'J. A. Wilson spent Sunday afternoon at Jackson Springs visiiting Mr. and Mrs. John McAskill and Mrs. Flpra Jones. They went especial- y to be with their aunt, Mrs. Jones, on her 91st birthday. Mr^^nd Mrs. praham Culbreth and' SOT, Tom, were Raeford visi tors ,;ii|$unday evening. 0 BIRTH ANNOUNCEMENTS Mr. and Mrs. Charles Riddle of Easley, S. C. announce the birth of a daughter, Cheryl Ruth, Fri day, Novenaber 14. Mr. and Mrs. R. L. Hales of Route 2, Raeford', announce the birth of a son, Juesday, Novem ber 18. MISERIES OF. Relieve ChestCokk PENETRATES into upper bron chial tubes with special soothing medicinai vapors. STIMULATES chest, throat and back surfaces like 8W»rming, com forting poultice. At bedtime rub throat, chest and back with Vicks VapoRUb. Relief-bringing action starts instantly ... 2 ways M 'gnce! And it keeps up this special Penetrating-Stimulating ac tion for hours B #1^1/0 in the night to I f \9 bring relief, w VapoRub Statement CONTINENTAL INSURANCE COMPANY NEW YORK 8, N. Y. Condition December 31, 1946, As Shown By Statesnenit Filed Amount of Capital paid' in cash $ 20,000,600.09 Amount Ledger Assets, Dec. 31st previous year, $113,223,732.11; , Increase paid up Capital Total, $lil3,223,732.1'! Income—^From Policyholders, $37,220403.00; Miscel laneous, $7,462,107.67; Total, $ 44,682,210.67 Disbursements—To Policyholders, $15,201,147.94; Mis cellaneous, $20,655,036.00; Total, $ 35,856,183.94 Fire Premiums—-Written or renewed during year, $31,073,781.46 In Force, $ 53,782,511.68' All Other Premiums—Written or renewed during year, $29,126,534.48 In Force, $ 19,722,734.45 ASSETS Value of Real Estate $ 381.973.05 Value of Bonds and Stocks $107,722,039.03 Cash in Company’s Office ...r. $ Deposited in Trust Companies and Banks not on 9,100.00 interest $ Deposited in Trust Companies and Banks on interest $ Agents’ balances, representing business written Sub sequent to October 1, 1046 $ Agents, balances, representing business written prior to October 1, 1946 $ Deduct Ceded Reinsurance Balances Payable $ Bills receivable, t-aken for fke risks $ Interest and Rents due and accrued $ 7,522,435.60 621,103.26 4,301,903.06 35,150.52 - 460,402.20 150,376il9 266,668.87 All othr Assets, as detailed in statement $ 37,683,237.11 Total $158,103,594.00 Less Assets not admitted ; $ 820,269.18 Total admitted Assets $157,2'83,384.01 LIABILITIES Net amount of unpaid losses and claims $ 12,183,083.11 Unearned premiums $ 34,167,767.62 Salaries, rents, expenses, bills, accounts, fees, due or accrued ! : $ Estimated amount payable for Federal, State, county and municipal taxes due or accrued- $ Contingent commissions, or charges due or accrued .... $ All other liabilities, as detailed in statement $ 36,000.00 1,896,500.60 85,000.00 2,419,184.47 does warn against improper or careless use. He shows pictures of ■imissiorier of Insurance treated and untreated corn fields which clearly demonstrate the weed-dontrol of the chemical. Other pictures show the devasta ting effect of 2, 4-D on poison ivy and honeysuckle. ’ , Surplus as regards Policyholders $2,651,216.03 Total Liabilities $6,306,141,70 BUSINESS IN NORTH CAROLINA DURING 1946 Fire Premiums received' .t... $46,433.; $ All other Premiums received ....i $96,482.; $ Losses incurred—^Fire $18i706.; Paid $ 10,381. Losses incurred—^All other $24,868.; Paid $ 24,300. President Harold V. Smith Secretary H. H. Schulte Treasurer ,W. R. Van Nostrand ^ Home OiUce 70 Patersoh St., (New Dru Attorney fcij service; "WM. P. HQDG(B3S, Raleigh, N. C. 5m ,N.J. Issioner of Insurance, S^TATE OF NORTH CAROLINA, INSURANCE DEPARTM'EINT, Raleigh Sept. 8th, 1947 I, WM. P. HODGES, Commissioner 'of Insurance, do hereby certify that the above is a true and correct abstract of the statement .of J;he New Brunswick Fke Insurance Company of New Brunswick N. J. filed with this Department, showing the condition of said Company; on the 31st day of December, 1946. ' Witness my hand and official seal, the day and year abov^'written. 4nsi Total amount of all liabilities except Capital $ 50,786,535.10 Capital actually paid up in cash .... $20,000,000.00 Surplus over all liabilities $86,498,849.81 Total LiabUities $257,283,384.91 « BUSINESS IN NORTH CAROLINA DURING 1046 Fire -Premiums received $364,487.; $ All Other Ikemiums received $118,310.; —..... $ Losses incurred—Fire $ 01,567.; Paid........ $ 105468. Losses incurred—All other $ 56,357.; Paid $ 41,015., President Frank A. Christensen Secretary Wm. E. Lamm, Jr. Treasurer Chas. E. Swan ■ . ■ Home Office 86 Maiden Lane, New York 8, N. Y. Attorney for service; WM. P. HODGES, Commissioner of Insurance, Raleigh, N. C. Surplus as regards Policyholders T $106,496,849.81. .A STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, Raleigh July 26th, 1947 WM. P. HODGES, Commissioner of Insurance I, WM. P. HODGES, Commissioner of Insurance,^o hereby certify that the above is a true and correct ab^ract of the statement of the Continental Insurance Company of New York 8, N. Y. filed with this Department, showing the condition of said Company, on the 31st day of December, 1946. Witness my hand and' official seal, the day and year above written. WM. P. HODGES, Commissioner of Insuranc^e -A 1 I j
The News-Journal (Raeford, N.C.)
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Nov. 20, 1947, edition 1
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