Thursday, August IS, 1940
Washington, August 12—The
presidential campaign machinery
of both the major parties has
now been set up and the actual
campaign is about to begin. The
selection by the President of Ed
ward J. Flynn, of New York, as
Chairman of the Democratic Na
tional Committee to succeed
Postmaster-General Parley, while
not expected, is considered by
Democratic politicians generally
as a good choice.
Mr. Roosevelt wanted Senator
Byrnes of-South Carolina to take
the post. Mr. Byrnes is regarded
as the smartest political strate
gist in his party. He declined the
Presidential invitation on the
plea that he is a victim of hay
fever which always lays him low
for a month or more at the very
time of year when the campaign
will be at its height.
Chairman Flynn inherits from.
Chairman Farley a thoroughly
organized party machine. He has
not the intimate knowledge of
party leaders and workers
throughout the nation that Mr.
Farley has. He also lacks much
of Mr. Farley's personal mag
netism which has made the re
tiring Chairman one of the most
popular politicians in the coun
try.
Mr. Flynn has a long and ex
cellent record of public service.
He has been Secretary of State of
New York, Sheriff of Bronx
County and is now the acknowl
edged political leader of that
most pdpulous borough of New
York City.
Larger Bank-roll
The Democrats start their
campaign with a larger potential
bank-roll than the Republicans
have. Under the Hatch law, no
national party organization may
spend more than $3,000,000 in
any presidential campaign year.
The Republicans have already
spent, since January 1, 1940,
STATEMENT
DURHAM LIFE INSURANCE COMPANY
RALEIGH, N. C.
Condition December 31, 1939, as Shown by Statement Filed
Amount of Capital paid up in cash $ 300,000.00
Amount- of Ledger Assets December 31st of previous
year, $5,107,386.27; Total 5,107,386.27
Premium Income, $2,543,402.97; Miscellaneous,
$257,013.90; Total 2,800,416.87
Disbursements—To Policyholders, $773,497.78; Miscel
laneous, $1,247,827.67; Total 2,021,325.45
Business written during year—Number of Policies
139,344; Amount ..„ 33,880,216.00
Business in force at end of year—Number of
Policies 346,278; Amount 70,392,776.00
ASSETS
Value of Real Estate (less amount of encumbrances) $ 439,623.03
Mortgage Loans on Real Estate ; 880,595.01
Loans made to Policyholders on this Company's
Policies assigned as collateral 280,529.92
Net Value of Bonds and Stocks 3,590,039.90
Cash ; 988,775.94
Interest and Rents due and aocrued 17,091.50
Premiums uncollected and deferred 112,379.51
All other Assets, as detailed in statement 67,989.51
Total $6,377,024.02
Less Assets not admitted 211,130.31
Total admitted Assets $6,165,893.71
LIABILITIES
Net Reserve, including Disability Provision $5,090,651.00
Present value of amounts not yet due on Supple
mentary Contracts ,etc. 18,918.79
Policy Claims 16!440.00
Premiums paid in advance 30,738.03
Unearned Interest and Rent paid in advance 6,856.04
Commissions due to Agents 5,849.39
Estimated Amount payable for Federal, State and
other Taxes 30,000.00
All other Liabilities, as detailed in statement 77,956.95
Total amount of all Liabilities, except Capital $5,277,410 20
Capital paid up in Cash $300,000.00
Reserve 200,000.00
Unassigned funds (surplus) 388,483.51 888,483.51
Total Liabilities ; $6,165,893.71
BUSINESS IN NORTH CAROLINA DURING 1939
ORDINARY INDUSTRIAL
_ ~ . „ No. Amount No. Amount
Policies on the lives of
citizens of said State in
force December 31st of
previous year 9,095 $ 8,807,152.00 235,158 $ 39,721,730.00
Policies on the lives of
citizens of said State is
sued during the year 2,570 2,891.863.00 97,936 20,870,098.00
Total 11,665 $11,699,015.00 333,088 $ 60,591,837.00
Deduct ceased to be in
force during the year 1,593 $ 1,795,441.00 76,577 $ 17,516,272.00
Policies in force De
cember 31st 10,122 $ 9,903,574.00 256,511 $ 43,075,565.00
Losses and Claims un
paid December 31st of
previous year 1 $ 300.00 $ 307.00
Losses and Claims in
curred during year 219 43,777.99 18,479 392,225.21
Total 220 $ 44,077.99 18,482 $ 392,532.21
Losses and Claims set
tled during the year,
in full, $435,836.20;
by compromise, $2,628.00; 220 $ 44,077.99 18,478 $ 391,758.21
Losses and Claims un
paid December 31st 4 $ 774.00
Premium Income—Ordinary, $290,818.25; Industrial, $1,693,463 94:
Total, $1,984,282.19.
President, S. B. Coley; Secretary, D. L. Cozart; Treasurer, J. R.
Weatherspoon; Actuary, E. T. Bun.
Home Office, Pullen Bldg., Raleigh, N. C.
Attorney for service; DAN C. BONEY, Insurance Commissioner,
Raleigh, N. C.
Manager for North Carolina, Home Office.
STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT,
Seal> Raleigh, July sth, 1940.
I, DAN C. BONEY, Insurance Commissioner' ,do hereby certify
that the above is a true and correct abstract of the statement of the
Durham Life Insurance Company, of Raleigh, N. C., filed with this
Department, showing the condition of said Company on the 31st day
of December, 1939.
Witness my hand and official seal the day and date above
written.
C. BONEY, Insurance Commissioner.
Hitch-Hiking in Flood Wasn't So Good
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Although he was joking about it, hitch-hiking: wasn't so good down on West Main street ap
proaching the Big Elkin creek bridge Wednesday morning. This, couple was caught over town by the
rising waters, and rather than spend the day, waded across to the West Elkin side.— (Tribune Photo.)
about $1,500,000, while the Dem
ocratic National Committee has
still about $2,000,000 margin left
for use in this campaign.
But the Hatch law permits
State Committees and other po
litical groups to spend as much
as they can raise. That, at least,
has been the general interpreta
tion of this new "Purity in Pol
itics" measure as understood in
Washington, and it has been con
firmed in a formal legal opinion
given to the Republican National
Committee by its General Coun
sel and former Chairman, Hon.
Henry P. Fletcher.
Mr. Willkie, the Republican
nominee, has set his foot down
firmly against extravagant ex
penditures on his behalf. Nobody
is to be paid for making speeches
for him. The radio chains are
worrying for fear they will not
THE ELKIN TRIBUNE, ELKIN, NORTH CAROLINA
get their usual large revenue for
broadcasting political speeches.
But nothing is to stop State and
County Committees, "Willkie-for-
President" clubs and the rapidly
organizing Democratic Willkie
Party from spending whatever
they like for local newspaper ad
vertising.
Martin Tied Up
Representative Joe Martin, of
Massachusetts, the new Chair
man of the Republican National
Committee, is not likely to be able
to give the close attention to the
campaign that he did in 1932 and
1936, when he was in charge of
the Eastern headquarters of the
party. Mr. Martin has his hands
full as leader of the Republican
minority in the House of Repre
sentatives, so John Hamilton:, the
former Chairman and now As
sistant Chairman, will run the
campaign, from national head
quarters in Chicago and Samuel
F. Pryor will be in charge of the
New York offices.
The heavy work in the East,
however, is expected to be done
by the Willkie Clubs, under the
direction of Oren P. Root, the
young man who actually started
the Willkie movement, and who
has associated with him Russell
W. Davenport, formerly manag
ing-editor of "Fortune Maga
zine," and Raymond W. Buell,
former President of the Foreign
Policy Association. Besides those
political amateurs there is a large
bloc of experienced politicians,
formerly active in the Democratic
Party, who are undertaking to
organize Southern Democrats for
Willkie in the hope of repeating
their success of 1928 when they
carried five 'states of the Solid
STATEMENT
DETROIT FIRE AND MARINE INSURANCE COMPANY
DETROIT, MICH.
Condition December 31, 1939, as Shown by Statement Filed
Amount of Capital paid in cash $1,000,000.00
Amount Ledger Assets, Dec. 31st previous year,
$4,198,991.32; Total * 4,198,991.32
Income—From Policyholders, $785,166.35; Miscel
laneous, $249,369.95; Total 980,640.87
Disbursements —To Policyholders, $326,424.88; Miscel
laneous, $708,111.42; Total 1,034,536.30
Fire Premiums—Written or renewed during year,
$1,973,787.32 In Force : 3,950,467.97
All Other Premiums—Written or renewed during year,
$606,949.89 In Force 792,199.66
ASSETS \
Value of Real Estate $1,320,127.51
Mortgage Loans on Real Estate 191,600.72
Value of Bopds and Stocks 2,383,830.21
Deposited in Trust Companies and Banks not
on interest * > 178,976.03
Agents' balances, representing business written subse
quent to October 1, 1939 70,561.42
Interest and Rents due and accrued „.. 15,253.90
All other Assets, as detailed in statement 31,732.45
Total $4,192,082.24
Less Assets not admitted 183,061.10
Total admitted Assets $4,009,021.14
LIABILITIES
Net amount of unpaid losses and claims $ 82,746.00
Unearned premiums 827,848.44
Salaries, rents, expenses, bills, accounts, feets, etc.,
due or accrued 10,000.00
Estimated amount payable for Federal, State, county
and municipal taxes due or accrued 43,000.00
Contingent commissions, or other charges due or
accrued 10,000.00
All other liabilities, as detailed in statement •. 7,481.04
Total amount of all liabilities except Capital $ 981,075.48
Capital actually paid up in cash $1,000,000.00
Surplus over all liabilities i 2,027,945.66
Surplus as regards Policyholders 3,027,945.66
Total Liabilities $4,009,021.14
BUSINESS IN NORTH CAROLINA DURING 1939
Fire Risks written _...53,703,566.00. Premiums received ....$23,439.00
All Other Risks written 2,678,792.00 Premiums received .... 5,868.00
Losses incurred—Fire 8,552.00 Paid 8,364.00
Losses incurred —All other 2,830.00 Paid ..., 2,814.00
President, Wm. H. Koop; Secretary, Chas. A. Keehie.
Home Office, 625 Shelby St., Detroit, Mich.
Attorney for service: DAN C. BONEY, Insurance Commissioner,
Raleigh, N. C.
Manager for North Carolina, Home Office"
STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT,
(Seal) Raleigh, Feb. 15th, 1940.
I, DAN C. BONEY, Insurance Commissioner, do hereby certify
that the above is a true and correct abstract of the statement of the
Detroit Fire and Marine Insurance Company of Detroit, Mich., filed
with this Department, showing the condition of said Company, on
the 31st day of December, 1939. •
Witness my hand and official seal, the day and year above
written.
DAN C. BONEY, Insurance Commissioner.
South for Mr. Hoover, by the aid
of Democratic votes.
The best and most scientific
political forecasters today are
pointing to a strong trend in the
direction of a Republican victory
in November. But the smartest
of them are pointing out that at
this period in the 1936 campaign
the trend also seemed strongly
Republican. In what direction it
may swing or continue depends,
upon events in Europe afecting
our own national security, prob
ably as much as upon any other
one possibility.
Defense Non-partisan
There is no political capital for
either side to be made out of the
National Defense program, nor
does there seem to be any parti
san angle which either party
could use to advantage in the
question of conscription of young
Americans for military training.
The bill which Congress has be
fore it providing for such con
scription was sponsored by a
Democratic Senator, Burke, of
Nebraska, who has since bolted
the party and declared for Will
kie, and by Representative Wads
worth of New York, a staunch
Republican. One of its principal
backers is Republican Senator
Lodge of Massachusetts.
On the other political side,
President Roosevelt's declaration
that he favors the plan is expect
ed to carry much weight. Mr.
Willkie has promised to state his
position on conscription in his
speech of acceptance. Some who
have talked to him lately expect
his attitude to be the same as
that of the President. A recent
poll of daily newspapers through
out the nation shows more than
87 per cent. in favor of compul
sory military training.
The indications are, however,
for a hotly contested and long
drawn-out debate in both Houses
of congress.
BOONVILLE TO PLAY
SURRY TEAM FRIDAY
i
Boonville, Aug. 14 —A picked
team of players from the Yadkin
County Baseball League will play
a like team from the Surry Coun
ty League at Mt. Airy Friday
night, August 16. The game will
be played in the Mt. Airy Oran
iteers' Park. Considerable inter
est is being shown in the game
since it will pit the best in the
Surry league aaginst the best
amateurs that Yadkin county can
offer, and also because it will
give many baseball fans a good
opportunity to see their first
night game.
The following players will make
~P~
.A
I wont have
an accident
-Ifound a
. four-leaf
clover J"
»
If jroo believe
in hick never
mind insurance
—you're hopeless 1
PAUL CWYN
INSURANCE
Phone 258
West Main St. Elkin, N. C.
1
PRICES GREATLY I
I REDUCED FOR I
I CASH I
I .
I On the Following Water I
I Damaged Building Material: I
I METAL AND COMPOSITION I
I ROOFING I
I DOORS AND WINDOWS I
I LUMBER I
I SEE US TODAY! I
I Surry Hardware Co. I
■ ELKIN, N. C. I
up the Yadkin county squad:
King, Brannon, A. Short, T.
Matthews and B. Matthews, of
Yadkinville; sam Baity, of
Courtney; P. Williams and Rut
ledge. of Wilhelm's; Wayne Prim
and Moser, of East Bend; Hol
comb and Smith, of Joneeville;
Fonro Crissman, of Pall Creek,
and J. Stewart, Speer, Brown,
Deal and Pardue, of Boonville.
The players Mil meet at Boon
STATEMENT
DUBUQUE FIRE AND MARINE INSURANCE COMPANY
DUBUQUE, IOWA
Condition December 31, 1939, as Shown by Statement Filed
Amount of Capital paid in cash ~...51,000,000.00
Amount Ledger Assets, Dec. 31st previous
year, $5,886,995.76; Total 1 5,886,995.76
Income—Prom Policyholders, $3,412,712.93; Miscel
laneous, $409,401.40; Total 3,822,114.33
Disbursements—To Policyholders, $1,476,474.92; Miscel
laneous, $2,016,029.80; Total 3,492,504.72
Fire Premiums—Written or renewed during year,
$4,062,393.91 In Force ! 6,003,848.17
All Other Premiums—Written or renewed during year,
$2,429,394.83 In Force 2,547,917.67
ASSETS
Value of Real Estate $ 321,859.71
Mortgage Loans on Real Estate 16,469.10
Value of Bonds and Stocks 4,650,397.63
Cash in Company's Office 34,174.35
Deposited in Trust Companies and Banks not on
interest 383,118.50
Agents' balances, representing business written subse
quent to October 1, 1939 622,059.81
Agents' balances, representing business written prior to
October 1, 1939 92,475.56
Deduct Ceded Reinsurance Balances Payable ...„ -1,999.68
Interest and Rents due and accrued 29,498.49
All other Assets, as detailed in statement 129,932.77
Total $6,277,986.24
Less Assets not admitted 361,819.46
Total admitted Assets $5,916,166.78
LIABILITIES
Net amount of unpaid losses and claims $ 199,890.55
Unearned premiums 3,177,475.05
Salaries, rents, expenses, bills, accounts, fees, etc.,
due or accrued .V 9,486.42
Estimated amount payable for Federal, State, county
and municipal taxes due or accrued 145,000.00
Contingent commissions, or other charges due or accrued 15,000.00
All other liabilities, as detailed in statement 249,196.33
Total amount of all liabilities except Capital $3,796,048.35
Capital actually paid up in cash $1,000,000.00
Surplus over all liabilities 1,120,118.43
Surplus as regards Policyholders $2,120,118.43
Total liabilities $5,916,166.78
BUSINESS IN NORTH CAROLINA DURING 1939
Fire Risks written $509,926.00 Premiums received .. .$4,958.00
All Other Riste written .. 289,353.00 Premiums received .... 713.00
Losses incurred—Fire 1,658.00 Paid 1,651.00
Losses incurred—All other 9.00 Paid 9.00
President, C. J. Schrup; Secretary, B. J. Oswald.
Home Office, Bank & Insurance Bldg., Dubuque, lowa.
Attorney for service: DAN C. BONEY, Insurance Commissioner,
Raleigh, N. C.
Manager for North Carolina, Home Office.
STATE OF NORTH CAROLINA,
INSURANCE DEPARTMENT,
(Seal) Raleigh, June 17th, 1940.
I, DAN C. BONEY, Insurance Commissioner, do hereby certify
that the above is a true and correct abstract of the statement of the
Dubuque Fire and Marine Insurance Company of Dubuque, lowa,
filed with this Department, showing the condition of said Company,
on the 31st day of December, 1939.
Witness my hand and official seal, the day and year above
written.
DAN C. BONEY, Insurance Commissioner.
ville and will leave here at 4:00
o'clock.
Veiry Thankful
Knockkem—lll have you know
I'm not as big a fool as I look.
Dedde—lndeed! You certainly
have a lot to be thankful for.
Motor vehicle accidents at rail
road crossings killed 1,197 people
in this country last year.