HbBRUARY 13, 1941
HpBoWN MAIN STREET
r
■ * T 7 - -■■■-■ i
Hv - Thursday, February 13th
HKmVoman’s Club will meet with Mrs. Fouts. \
fsP|? ; February 15th |
Saturday Bridge Club will meet.
HHB Monday, February 17th
H Wm Little Theatre will meet.
Tuesday, February 18th •
Burnsville Parent-Teacher Association will meet!
HI at the school house. T. C. Roberson, superin-!
Hn tendent of schools of Buncombe county, will be]
■| guest speaker.
Ks Thursday, February 20th
|lßie Wethan s Bible Class of the Methodist church!
jgW meet with Mrs. I). R. Fouts at three o’clock. |
• • • • * * * * * * * * « ' * •••••• • • • • iril.ii.lnli.iMi:>).
-■Vt tonify P ibiti:.
Hs a business visitor i n
Hueigh this week.
♦* * *
■ Mr. and Mrs. Wesley
■oberts of Hillsboro are
fisiting Mrs. Roberts’ mo
ther, Mrs. Charles Young.
• • « »
Mr. and Mrs. Jim Mcln
ttud son, Billy, have re
rom Alexandria,
B- * * *
1 ■1; i
from Bristol
HHHBB treatment.
'£}(J~*ltm ir y Allison has
IjpjpVPf flu and emnpli-
EjsHfßhis week.
•t # •
||||||Hi(l Mrs. Hobart Ray
Bjj||fo’lyie week end in Mor
|** * *
Hs. J. L. Ray is visiting
Sjßtives in Rutherfordton.
and Mrs. Troy You
h were week end guests
JrMrs. Belle Erwin and
raliss Lucille Erwin. *
* • "* •
1 Miss Mary Louise Young
of Celo was the guest of
Miss Mary D. Bailey Tues
day night.
»• • •
Mrs. Louise Higgins has
been ill of flu for the past
week.
** * *
Mr. and Mjs. Hubert
Carter and’ som of Enka
and Mr. and Mrs. C. W.
Dixon and son of Candler
were guests of" Rev. and
Mrs. Smoot Baker Sunday.
** * *
✓W. H. Overall, secretary
of the Asheville Production
Credit Loan Association,
was a business visitor to
Burnsville Wednesday.
♦* * *
Wanda Hope Charles i s
ill of scarlet fever.
ACCEPTS POSITION
Miss Mary Martha Banks
has accepted a position as
secretary in the local office
the Northwest Carolina
Utilities, Inc. Miss Banks
Hio has been employed as
t o Attorney
Hutchins, began
ipggßin the Utilities Com-
Rl id'lie*- ,I;1111iar\
BBBgߣS| 1
I Kpublic Oil Company
Rest MAIN STREET, Burnsville, N. C.
Our gas and oil rate as high as any gas and
oil sold at any price. We., do not sell 3rd grade
gas. Our operator, Frank English is a local
boy well known in the community. He will
render the very best service and will appreci
ate your patronage.
A. T. COX, Distributor
CANERIVER NEWS
AND HAPPENINGS
Fred Same spent the
week end in Asheville and
Mars Hill.
Little Bruce Radford
who has been very sick for
the past week is still
fined to his room.
R. M. Ray who has been
very sick is reported better.
Mrs. Mary Gudger Green
from S. C. has been visiting
her parents, Mr. and Mrs.
Gudger Anderson.
We are glad to report
that Mr. and Mrs. John
Hannum have returned
from the hospital in John
son City and are getting
along nicely.
Birthday Greetings
-Donald Nelson Banks
Joe Briggs
Mrs. Earnest Taylor
Mary Etta Briggs
Junior Briggs
Bonnie Gordon
Maurice Briggs
Ethel Roland
Willie Lou Proffitt
Ruth Proffitt
Pauline King
Mrs. Delia Huntley
Talmadge Byrd
Elizabeth L. Wheeler
Bessie Silvers
Wilma King
Alice Styles
Frank Blankenship
Moutez Peterson
Will Briggs
Elizabeth Robinson
Corrie Butner
Cecil Miller
Dorothy Hollifield
Marjorie Fox
C. P. Randolph
Max Howell
- R. 0. Riddle
Bascombe Ray
Bruce Fox ,
Lewis Butner
Mrs. Coy-Butner
Clyde Riddle
x Wilma Anglin
Walter Young
Wm John Young
Mrs. Mary Allison
Mrs. Troy Mclntosh
Mrs. Rex Mclntosh
Mrs. R. W. Mincer
Edd Gibbs ,- -
Oliver Carroway
Ruby Presnell
Vance Silver
Alfred Parker
Ruby McMahan
; Agnes McMahan
Mr. and Mrs. J. C. Plea
sant spent a few days here
during the past week.
Milton McKinney who i 3
employed in Baltimore is
spending a few days at
home.
SWISS NEWS
The Woman’s Missionary
Union will meet at the
church Saturday at 2 P. M.
Mrs. James Wilson and
—T —■ . - - ■ -
JEFFERSON STANDARD
—r \ , , .- , _ ; * 1
1 “ »"*r . - >
HEADLINE FACTS 1940 REPORT
ASSETS CLIMB TO NEW HIGH
Assets total $94,764,607 largest in
company history.
SALES $1,000,000 WEEKLY
New life insurance sales in 1940 totaled
$51,000,000, averaging nearly one mil
, lion dollars each week.
INTEREST EARNING EXCELLENT
_:'V„
5.11% interest earned on invested as
sets. The Jefferson Standard has consist
ently maintained leadership in this field.
5% PAID
Jefferson Standard paid 5% interest in
r ■
1940 on funds held in trust for policy
holders and beneficiaries (this rate
paid continuously since organization in
1907) — No change in 1941.
SURPLUS FUNDS INCREASED
Surplus, capital, and contingency funds
now total $6,730,000—new high mark
in funds set aside for policyholder pro
tection.
-o
_ ' Oj
THE YANCEY RECORD
Blanche Robertson “were
guests of Vergle Duncan
over the week end. v
Miss Deima Hensley who
is 'teaching at Beech Glen
was home for the Week end.
Mr. and Mrs. Dewey Rice
and family of Ivy were vis
iting here Sunday.
Miss Inez Allen of Swan
nanoa visited Wanda Rob
ertson Saturday.
Mrs. B. T. Nanney
of flu.
Rev. and Mrs. B. S. Hen-
! sley were visiting here Sat
i urday.. They were the din
ner guest of Mr. and Mrs.
i Andy Johnson.
l 1 I—■— 1 —■—
RIVERSIDE NEWS
, Mr. and Mrs. Will Evans
and family have moved
• from Pounding Mills, Va.,
• back to this county.
Mr. and Mrs. Worth
I Womack and some friends
from Marion, N. C., were
■ visiting Mr. Womack’s sis- j
-- f r
$422,300,000 LIFE INSURANCE
IN FORCE
165,000 policyholders own life insur
ance totaling more than 422 million
dollars. I
4
FINANCIAL STATEMENT • DECEMBER 31, 1940
'* ‘ ‘ >*r’-
* L- * ' * - * ' . H
ASSETS
Cash $ 3,107,287
United States Government and
Municipal Bonds 3,896,692
All Other Bonds 5,982,293
Stocks If. 6,858.238
LutfHl securities carried at market, ooat,
oi call value, whichever i« lower.
First Mortgage Loans 49,793,609
On farm property $0,112,832.
On city property $43,380,777. •» f -
Real Estate 4,023,629
Thi* our seven teen-stafy'lfbiut
Ottice Huildiug. ?
Loans to Our Policyholders 13,972.608
Fullv secured by the cash values of
policiesi.
Premium Loans and Liens _ 3,723,601
Fully secured by the cash values of
policies* , »
Investment Income in Course of Col
lection 940.817
Premiums in Course of Collection..*.. 2,576,858
All Other Assets 90,945
Total % 94,764,607
' .
DAWSON BRIGGS, lpPill
Special Representative v f|||S^Hi
ter, Mrs. George Wheeler,
Saturday.
Rev. Ben Lee Ray filled
his regular appointment
here Sunday.
T. 0. Wilson who has
been at the home of his
daughter, Mrs. T. K. Rid
dle, since returning from
Marion hospital, has gone
to his sister’s, Mrs. Chriss
Byrcls, for a weeks visit.
Miss Zelda Riddle who
has been ill for the past
(week is able to return to
PAID OUT $6,820,000
Policy benefits paid in 1940 total $6,-
820,000. The Jefferson Standard has
paid $118,600,000 to policyholders and
beneficiaries since organization in 1907.
LIABILITIES
POLICY RESERVES $ 79,288,190
This amount represents the reserve re
quired by law to assure prompt pay-. •
rnent of policy obligations.
Reserve for Policy Claims 339,662
Claims in course of settlement on which
• proofs have not been received.
Reserve for Taxes “ ~ 483,848
Premiums and Interest Paid in Ad
vanes r „1 895,850
Policy Proceeds Left with Company.,- 5,865,409
Dividends for Policyholders „ v 882,475
Reserve for All Other Liabilities " 279,173
$ 88,034,807
Contingency Reserve $1,400,000
A fund to take care of coi*-
tingencies, depreciation ,J~.
on real estate and invest
ment fluctuations.
Capital 2,000,000
Surplus Unasßigned 3,330.000
Total Surplus Funds for
Protection of Policyholders......s 6,730,000
T0ta1.... ...... — .$ 94,764,607
PAGE THREE
school. *
Mrs. Glen Brooks o f
Asheville spent the week
end with her parents, Mr.
and Mrs. D. R. McKinney.
Mrs, Wiil Hall who has
been ill for a few weeks is
much improved.
Mr. and Mrs. Dave Pet
erson were in Asheville on
business last Friday.
Mr. and Mrs. Ernest
Byrd visited Mr. Byrd’s
parents during the week
end. r~* *•