LEGAL NOTICES
STATEMENT
EMPLOYERS' FIRE INSURANCE COMPANY
Beaton, Mass.
Condition December 31, 1962, as Shown by Statement Filed.
Income? From Policyholders,
$12,947,258.33; Miscellaneous, $ 492,606.84, Total, $13,439,865.17
Disbursements ? To Policyholders,
$ 4,938,170.91; Miscellaneous, $8,741,941.37; Total, $11,678,112.28
I ASSETS
1. Bonds > $14,380,328.32
2. Stocks 3,875,803.00
6. Cash and bank deposits 1,315,069.04
(Cash and invested assets, sum ol items
1 to 7 inclusive $19,571,200.56)
8. Agents' balances or uncollected
premiums 2,530,729.30
Less ceded reinsurance balances pay
able 588,022.80
10j Bills receivable, taken for premiums _ 81,637.75
11* Reinsurance recoverable on loss payments 333,380.01
14. Interest, dividends and real estste Income due and
accrued 237,872.21
16. All other assets as detailed in statement -344.20
TOTAL ADMITTED ASSETS: $22,139,4*2.83
LIABILITIES, SUKFLUS AND OTHER FUNDS
1. Losses unpaid $ 1,941,580.68
2. Loss adjustment expenses unpaid 98.920.42
3. Contingent commissions and other similar charges ... 170,000.00
4. Other expenses (excluding taxes,
licenses and fees .... Underwriting $39,600.00
Investment 450.00 40,050.00 1
5. Taxes, licenses and fees (excluding
Federal income taxes) . . . Underwriting 370,000.00 370,000.00
6. Federal income taxes 712,000.00
10. Unearned premiums 11,014,499.60
11. Dividends declared and unpaid: (a) Stockholders ... 25,000.00
12. Funds held by company under reinsurance treaties 39,694.33
13. Amounts withheld or retained by company for account
of others 6,987.25 1
16. Excess of liability and compensation statutory and vol
untary reserves over case basis and loss expense re -
serves 2.00 1
18. All other Liabilities, as detailed in statement 71,000.00
23. Total liabilities $14,489,734.28 |
24. Special surplus funds: $3,649,718.55
25. Capital paid up - 2,000,000.00
26. Unassigried funds (surplus) 2,000,000.00
27. Surplus as regards policyholders 7,649,718.55 1
28. Total $22,139,452.83
BUSINESS IN NORTH CAROLINA DURING 1952
Net Losses 1
Line of Business Net Premiums Incurred
Fire .,$ 69,803. $34,812.
Extended coverage 9,464 . 4,666.
Torn., wind, cyc., hail (except growing crops).... 107. 21.
Sprinkler and water damage 25.
Karthquake -.... 1.
Inland marine .... ... 11,750. 4,743.
Aircraft phy. damage ,. 1 63.
Accident 14.
Health 29.
Auto phys. damage 49,642. 16,460.
Fidelity ...: 365. 63.
Surety 60
Boiler and machinery -11.
Total $141,311. $60,766
President, Edw. A. Larner; Secretary, W. J. Reed; Treasurer, A. II.
LeShane; Home Office, 110 Milk St., Boston 7, Mass.
Attorney for service: Waldo C. Cheek, Commissioner of Insurance,
Raleigh, N. C.
STATE OF NORTH CAROLINA
INSURANCE DEPARTMENT,
Raleigh, May 5th, 1953.
I, Waldo C. Cheek, Commissioner of Insurance, do hereby certify
that the above is a true and correct abstract of the statement of the
Employers' Fire Insurance Company, M Boston. Mass., filed with this
Department, showing the condition of said Company on the 31st day
of December, 1952.
Witness my hand and official seal, the day and date above written.
WALDO C. CHEEK,
(Seal) Commissioner of Insurance.
STATEMENT
EMPLOYERS MUTUAL LIABILITY INSURANCE COMPANY
Wausau, Wis.
Condition December 31, 1952, as Shown by Statement Filed.
Income ? From Policyholders,
$76,644,493.22; Miscellaneous, * 2,774,833.68; Total, $79,419,326.90 1
Disbursements ? To Policyholders,
$39,287,480.24; Miscellaneous, *27,225,297.11; Total, *66,512,777.351
AftfiPTQ
1. Bonds * 94,003480.27
2. Stocks 15,922,008.00
3. Mortgage loans on real estate 14,000.00
4. Real Estate - 1,028,000.00
6. Cash and bank deposits 9,301,351.93
8. Agents' balances or uncollected premiums 2,141,683.33
Less ceded reinsurance balances payable 59,142.33
14. Interest, dividends and real estate income due and
accrued ? a 597,514.51 1
17. All other assets as detailed in statement 178,576.50
Total admitted Assets: *123,127,172.21
LIABILITIES, SURPLUS AND OTHER FUNDS
1. Losses unpaid * 67,092,940.391
2. Loss adjustment expenses unpaid 4,662,628.00 1
4. Other expenses (excluding taxes, licenses and fees)
Underwriting ? 623,000.00 1
5. Taxed, licenses and fees (excluding Federal income
taxes) Underwriting 2,259,1(8.00
6. Federal income taxes 874,000.00
10. Unearned premiums 20.105,400.97
11. Dividends declared and unpaid: (a) Stockholders .. 4,194,709.00
13. Amounts withheld or retained by company for ac
count of others 8,062.32 ]
14. a Unearned premiums on reinsurance in unauthorized
companies - 7,031.00 1
14. b Reinsurance on paid loaae* $. and on unpaid
losses * due from unauthorized companies 52,000.00 1
18. All other Liabilities, as detailed in statement 240,838.62
23. Total liabilities ? *100,114,856.30 j
24. Special surplus funds: ,..?4 6,800,000.00
25. Guaranty Funds 1,700,000.00
26. Unassigned funds (surplus) 14,512,315.91
27. Surplus as regards policyholders 23.012J15.91
28. Total *123,127,172.21
BUSINESS IN NORTH CAROLINA DURING 1992
Net Leu
Line of Business Net Premiums Incurred
Group accident and health % 60,495. 57,008.
Workmen's compensation ? 473,384. 206,328.
Liability other than auto 39,148. _ 31,089.
Auto liability ........ 49,285. 66,132.
Auto property damage 39,397. 18,370.
Auto phys. damage ,... 7,990. 4,713.
Property damage other than auto - 17,332. 1,629.
Fidelity - 8,487. 6,049.
Glass - 108. 16.
Burglary and theft - ? 181. 1,119.
Total *893,506. *389,448.
President, W. H. Burhop; Secretary, C. H. Brimmer; Treasurer, H.
M. Bower; Home Office, 407 Grant St., Wauaas. Wis.
Attorney for service: W akie C. Cheek, Cammiasioner of Insurance,
Raleigh, N. C. 1_
NORTH CAROLINA INSURANCE DEPARTMENT.
Raleigh, July 18th, 1953.
I, Waldo C. Cheek, Commissioner of Insurance, do hereby certify
that the above is a true and correct abstract of the statement ol the
Employers Mutual Liability Insurance Company, of Wauaau, Wis., filed
with this Department, showing the condition of (aid Company on the
list day of December, 1962
Witness my band mmi official seal, the day and date above written.
tal) CMWwritaM
United Nations Moves
MilkThrough Wilmington
Wilmington Beginning this week
the United Nation! will use a Tar
Heel port for the relief of number
less children who live and die in
want in teeming Asia.
The first shipment of 2,000,000
pounds of powdered milk, assigned
to Madras and Bombay, India, by
the United Nations International
Children's Emergency Fund (UNI
CEF) moved across the N. C. State
Torts Authority wharves yesterday
when the British Motor Ship Silver
oak calls on its way to the Far East.
The Port of Wilmington w?s
nominated by R. E. Branson, Chief,
UNICEF shipping section, after
SPA solicitors had contacted the
organization through the U. S. De
partment of Agriculture through
which tlie surplus milk is being ob
tained. Branson and Maurice Pate.
UNICEF executive director, have
been invited by SPA Director
George W. Gillette to visit the
state's marine terminals here and
at Morehead City to inspect the
facilities for future shipments.
The powdered milk is purchased
from the USDA's tremendous milk
surplus at 1 cent a pound, packed
and shipped to 72 countries in an
Tf?*w? from
RUSSELL'S CREEK
?9^ J7
Oct. 13? The Dev. R. B. Hurt
of Harkers Island will fill his reg
ular appointment at the Christian
Church Sunday. As a culmination
to the day of services, a homecom
ing will be held. Following the
morning services, dinner will be
served on the church lawn. Every
one is cordially invited.
Mr. and Mrs. L. D. Springlc
motored to Rocky Mount Friday to
meet their son, L. D. Jr.
Mrs. Bob Russell and daughters,
Mrs. Hubert Jackson and Mrs.
James Murphy of Miamf,' Fla.,
spent Tuesday at Harkers Island
with friends.
Mrs. George Russell and son,
Tommy, motored to Kinston Mon
day.
Mrs. Florence Graham of Mill
Creek is visiting Mrs. Fannie Fod
rie this week.
Mr. and Mrs. Cecil Freeman, Mr.
and Mrs. Joe Allen and children,
all of Bridgeton, spent Sunday with
their grandmother, Mrs. Jennie L.
Skinner.
The Rev. W- E. Anderson and the
Rev. Alford of Morehead City at
tended meetings at the Baptist
church last week.
Mrs. Fannie Dickinson of Beau
fort spent last week with relatives
and friends.
L. D. Springle, USCG, stationed
at New Jersey, attended the home
coming at the Baptist church Sun
day.
Mr. Harmond Bennett of Wire
Grass spent Sunday with Mr. Thom
as Carraway.
Mr. and Mrs. Curtis Pake and
daughter, Margaret Louise of Bet
tie, atended homecoming at the
Baptist Church Sunay.
The Layman's League will hold
their monthly meeting at the home
of Mr. and Mrs. Fred Worthing
ton. Wives will be special guests.
Revival services were conducted
at the Russells Creek Baptist
Church during the week of Oct. 5,
with the Rev. W. H. Hansley, pas
tor of South River Edwards Chap
el, preaching. He wag assisted by
the Rev. W. E. Anderson of More
head City. Attendance and inter
est were very fine and there were
five new members added to the
church.
UJcrvuLu^JL/
HEARING!
(Choc, Dek. UMtell
[jJtmAjuAidL/
ICONOMY!
(Operating Coal Ac Low Aa
Vii fm Ho *ri) |
"Tit/ Sr, ^
TIMI-TISTID
-70^
HEARING WDS
3 MODELS, EACH *75
to Mr
MONEY- MH
HUWU
?lklKil
Lun firvthand about Zenith'* out
L*ftich'zj3th Ejw. Coltltto today
frw ?MDooMratM.
MOREHEAD CITY
DRUG CO.
PhoM 6-4360
S15 Arendoll St.
City, N. C
attempt to sustain life for as many
of the world's 500 million needy
children as possible. The UNICEF
lias only $30,000.000 a year with
which to meet the unending prob
lem of care for the globe'n home
less, undernourished, ill clad pop
ulation under 15 years of age.
The mercy cargo of milk that
moves this week through one of
North Carolina's modern marine
terminals may travel on the backs
of camels and other primitive
means of transportation before
reaching some of the ultimate des
tinations, UNICEF officials say.
Since the unit of the United Na
tions was established in 1946, it
has sought to bring food, cloth
ing and medicine to areas of the
world where children are in great
est need. It works in cooperation
with "other agencies such as the
i World Health Organization and the
I United Nations appeal for Chil
! dren which brought in the initial
$12.000,000 for UNICEF opera
tions.
The M. V. Silveroak which took
aboard the initial cargo here yes
terday was at the N. C. State docks
in September to discharge a cargo
of burlap from India as well as
ten passengers, exchange students
from India, who will study at Amer
ican universities. Ships nomi
nated to bring future shipments of
burlap to North Carolina will also
bring long staple Indian cotton for
textile mills, port officials said.
Quebec Woman Is
Flying Teacher
MONTREAL (AP) ? Peggy
Lawrence of Montreal is the only
woman flying instructor in Quebec
Province.
The unusual angle is that Miss
Lawrence, now 20, had never been
in a plane until she took her first
lesson when she was 17.
With more than 300 hours aloft,
she has had her instructor's license
for two months. Last year she
qualified for a commercial license.
Now a part-time instructor. Miss
Lawrence worked as a grease
monkey and dispatcher to pay for 1
her year's instruction and flies 1
regularly three nights a week and
during weekends.
Although qualified to handle a
big air freighter or passenger
plane, she never had a car driver's
license.
The daughter of Rev. and Mrs
Kenneth Lawrence, she hopes that
one day airline companies will
show no hesitation in hiring girl
pilots.
Practice Drownings
MADISON, Conn. (AP) ? There's
never been a drowning at 34-year
old Hammonasset State Park on
Long Island Sound, although the
average attendance on a good day
in the summer runs from 30,000
to 40,000. State officials are doing
more than keeping their fingers
crossed. Among other things, they
send out an expert swimmer to
fake a drowning every so often. It
worries the folks on the beach, but
it keeps the lifeguards alert.
Health Officer Releases
Ratings on Meat Markets
t Dr. F. E. Hyde, health offieer for
Carteret County, today released
meat market ratings for the period
beginning April 1, 1953, and end
ing Oct. 6. 1953. These ratings wore
made by County Sanitarian A. D.
Fullord.
The score of 90 to 100 gives a
rating of A; 80 to 89. B; 70 to 79.
C. All establishments that receive
a sanitary rating of less than 70
are closed.
Atlantic ? Winston Hill Grocery
Market, 90; Luther Smith Market,
84.
Beaufort and RFD ? City Gro
cery. 94; Simmons Grocery, 93.5;
A&P Grocery, 93; Hardestv's Gro
cery, 92; Potter's Grocery Market,
92; Peterson's Grocery, 91; C. I).
Jones Grocery, 90.
Pender's Colonial, 90; Woodrow
Chadwick Grocery, 90; Connor's
Grocery, 85; Fulcher's Grocery, 85;
Stanley's Grocery, 84.5; Broad
Street Grocery, 83.5; and M. T.
Owens Grocery, 83.5.
Morehead City and RFD ? Whit
ley's Grocery, 94; Cherry's Grocery,
92; Lindsay Guthrie Market, 92;
Guy Sabiston's, 91.5; Royal's Gro
cery, 91.5; Bryans Grocery, 91;
Charles Freeman Grocery, 91.
Stroud's Food Center, 91; Fod
ries Grocery, 90.5; Atlantic Beach
Grocery, 90; Atlantic Beach Su
perette, 90; Dixon's Grocery, 90;
Freeman Bro. Grocery, 90; Free
man & Nelson Grocery, 90.
Morton's Grocery, 90; Phillips
Grocery, 90; Murdoch Grocery, 86;
Reams Grocery, 85.5; A&P Gro
cery, 81; Aspenberg Grocery, 81;
ind Kib Guthrie Grocery, 80.5.
Newport and RFI) ? Garner &
tfcCain, Grocery, 94.5; Cleve Gar
ler Grocery Market. 90.5; Adams
Irocery, 90; Heath Grocery, 90;
foe Taylor Grocery, 88; Gerald's
'roducc Market, 85; Broad Creek
Jrocery, 84.5; Neil Chadwick's
4eat Market, 84.5; R. W. Jones
Srocery, 84; and Garner's Esso
Jervice Grocery. 81.
Otway ? Gillikin's Grocery, 81.
I
j ? When there's need
I for speed, call on this
fine pharmacy. Our
delivery department
is at your service. Re
member, we call for
prescriptions and de
liver the compounded
| medicines. There ia
j no additional charge!
Guthrie-Jones Drug Co.
Phone 2-4981 Merrill Bldg.
Beaufort, N. C.
i
Housewife Cleans Up
Wrong Vacant House
McAI.KSTEK. Okla. (AP)? Mrs.
rhomns O'Malley prepared the
leanest home in the valley? but
it isn't hers.
She took her soap, mop and pail
>ut to a new home she had just
leased here. She wanted to give
he place a good Irish cleaning.
After the cleaning chore, she
checked with the rental agent
ibout the garage. She was told
here was no garage with the house,
and further checks developed Mrs.
[VMalley had cleaned the wrong va
cant house. Her new home was two
Dlocks down the street.
In the dark, the pupil of your
?ye is 16 times as large as it is in a
itrong light.
MOUNTAIN
RIDGE ,
STRAIGHT BOURBON WHISKEYl
$3.35
Fifth
$2.10
Pint
Condensed Statement
First-Citizens Bank & Trust Co.
Close of Busineu September 30, 1953.
MOREtlEAD CITY
SMITHFIEIJ)
NEW BERN
BURGAW
Dl'NN
GRIFTON
COATS
BEAI'FORT
RALEIGH
West Sidr Branch, Raleigh
CLINTON
BENSON
CLAYTON
CAMP LEJEL'NE
GARNER
ANGIER
KINSTON
I.OUISBURG
ROSEBORO
FORT BRAGG
PINK IIII.I.
NEWTON GROVE
NEWPORT
JACKSONVILLE
FAYETTEVILLE
FRANKLINTON
SPRING nOPE
RICHLANOS
CHERRY POINT
MAYSVILLE
RESOURCES:
Cash in Vaults and Due from Banks $ 41,165,347.91
U. S. Government Securities $14,029,748.58
Obligations of Federal Agencies and
Other Marketable Securities 21,190,543.53
State Bonds 10,802,088.07
Municipal bonds 16,057,580.91 92,079,961.09
Accrued Interest - 585,686.80
Loans and Discounts ? 79,135,573.06
Banking Houses, Furniture and Equipment 1,594,945.97
v $214,561,514.83
LIABILITIES:
Capital Stock $ 1,250,000.00
Surplus 7,500,000.00
Undivided Profits 780,258.68
Reserve A-C ? Accrued and Unearned Interest, Insur
ance, Tapes and Other Reserves 7,662,984.71
Inter-Branch Clearings 2,298,909.62
DEPOSITS: 195,069,361.82
$214,561,514.83
Every Courtesy, Attention and Service Consistent with
Good Banking Are the Facilities offered by this Institution
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION
He*! DRIVERIZED CAB
Comfort Cuts Fatigue!
only FORD TRUCKS
have it !
SPEND put II second* In thta new Ford Drittr
ifi Cab? end youH discover comfort and con
venience you never thought poeelble in a truck!
Yours only in all-new Ford Economy Trucks!
Make the /S- sec^pnc/ S/T DOWN TFSTf See your Fore / Dea/er /
SWINO optn Hu mw wid ?r
rfooraf There's plenty Ol room
betiraau Mt and door pillar.
Door handle* are push-but too
type you get on quality par*.
Door latched an new rotor type.
SLIDC into Ju wide, ctmfortabU
?caL Bounce on It to last the
supw-emhlonhur of Ford's mat
tnubber and non-sag seat spring*.
Sweep your eyes across the new
curred one-piece windshield!
Ol ANCE tael through Ou l-ft. '
rear window. Without leaning
you aui an the npace you're
backing into. Why pay extra
for rear quarter window*? Not*
deeper ride windowi, too.
STRETCH f our
arm* into big-cab
ro&mtnem. More I
hip room than
any of the 5 other
leading raakaal
WORLD'S moH powerful Pick
up truck (below)? 6^-ft. box,
over 4 ft. wide. V-8 or Six.
Dtluxt Cab (extra cost) shown.
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