Newspapers / The Roxboro Courier (Roxboro, … / Feb. 11, 1940, edition 1 / Page 3
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Good Net Rate Os Interest Won Through Invested Assets Piesident JuUan Price, Os Grensboro, Presents En. couraging Report At Jeffer son Standard Stockholders’ Meeting. Greensboro, Feb. 10 “High light of the past year,” reports Julian Price, re-elected president of the Jeferson Standard Life In surance company, “was the splen did net rate of interest on our in vested assets. The interest earn ed was 5.1 percent, and it is ex pected that this figure will again represent the highest received by any major insurance company.” Declaring 1939 to have been the best year in the company’s 32-year history, President Price in his .annual statment to the stockholders here,' predicted an even better year for 1940. A dividend of 75 cents a share was declared on all company stock as of January 22, payable January 26. Reviewing the progress made by Jefferson Standard before the directors’ meeting held at the home office in Greensboro, Pre sident Price noted that over $5,- 000,000 of dividends and policy proceeds have been left with the company under various settle ment options. During the past year 30 percent of death claims settlements and matured endow ments have been left at interest with the company. “The large amount of money left with the company under set tlement options, dividends and premiums paid in advance, and. the small increase in policy loans,” exglaipeg Mr. Price, “in dicate. a continued improvement in the financial condition of our policyholders, as well as confi dence in the company’s ability to safeguard these trust funds, for in 1939, as in every year since or ganization, our company has paid 5 percent interest on funds left in trust.” Annual statement statistics showed $6,350,000 was paid to policyholders and beneficiaries during 1939, which makes a total payment to policy holders and beneficiaries since the organiza tion of the company in 1907 of the sum of $111,800,000. An increase lof 5 percent over 1938 in the sale of new insurance brought the 1939 total up to $48,- 000,000, stated Jefferson Stand ard’s president, and continued by praising the work of his organi zation. “The results of the last year could not have been accom plished without the loyal co-oper ation of every member of the home office staff, our branch of-, fice and our agents in the field*” The amount of life insurance now in force the Jefferson Standard Life Insurance company totals $402.59&Qp0- IPyjrther progress made in 1939 included the increasing of the contingency fund from $1,100,000 to $1,3004)00. “This fund,” clari fied President Price, “is a safety fund to take case of contingen cies, depreciation on real estate, and investment fluctuation.” Added company security was achieved by increasing capital end surplus by $500,000, making a total capitaj and; lof $»,- 000,000. Asm* of . jwspximately $7,500,000 were added, making total assets $87,500,000. > “Finally,” concluded President Price, “our mortality rate was a gain less than 50 percent of the expected, which means that, our mortality for two consecutive yearn has been lower than in any of the 11 years preceeding 1938. The average mortality rate for 1927 to 1937 was 58 percent." This analysis of the 193(1 pro gress of Jefferson Standard was made by Mr. Price following the folowing the annual stockholders’ meeting recently. Stockholders re-elected all members of the board of direc tors. All officers, executives and administrative staff members were reappointed. Officers, other than President Price, are C. Elmer Leak, Joseph M. Bryan, Howard Holdemeas, and Ralph C. Price, vice presi dents; Julius C. Smith, vice pre- Julian Price, president of the Jefferson Standard Life Insur ance company, Greensboro, who reports business of the company has been unusually good during tbe past year, and predicts an ev. en better year during 1940. sident and general counsel; H. P. Leak, secretary;, and L. M. John son, treasurer. Personnel of the board of dir ectors includes Julian Price, Ralph C. Price, Pierce C. Rucker, Julius C. Smith, Charles W. Cau sey, Julius W. Cone, Emry C. Green, Howard Holdemess, C. Elmer Leak, and Joseph M. Bryan, all of Greensboro; Shelby Ander son, Wilson; William A. Blair, Winston-Salem; W. L. Brooks, Charlotte; W. G. Clark, Sr., Tar b|oro; A. G. Myers, Gastonia; and Shepard Bryan, Atlanta, Ga. o “Reddy Kilowatt” Works With Power & Light Company Raleigh, N. C. February 10 '“Reddy Kilowatt,” a bright, young character who unblushing ly says he is “one-third stronger than a horse,” has gone to work for the Carolina Power and Light company, S. P. Vecker, vice-pre sident lof the company, announ ces. To look at him one would think he is nothing more than a mere character from some cartoon, but Mr. Vecker quickly dispelled that idea when he said: “Reddy Kilowatt typifies elec tric service and what it does for (our customers in tbe Carolinas. He is more than a cartoon figure and from time to time in our ad vertising aimed at bringing about better and cheaper living conditions through the wider use of electricity we hope to show that he has a character and a personality symbolic of electric service. We also aim to show that Reddy is an electrical servant, that he really is ‘one-third stron ger than a horse’, and that he works by the hour for very low wages." Pointing out that the Reddy Kilowatt figure is made up from icommonly known symbols for electric service, Mr. Vecker add ed: “Reddy’s body is mad* up of bolts of lighting, emblematic *>f electricity since tire days of Ben jamin Franklin, who is generally given credit for being the discov erer of electricity. Reddy’s en lightened and his receptive ear are present day symbols that are well known in many parts of the nation as he typifies what elec tricity does. His rubber gloves and rubber shoes indicate the sa fety with which he works. He ty pifies modem electrical service as it is available in our territory Jor every home, store, office, farm, and factory.” Reddy, a creation <of Ashton Collins, widely known Birming ham, Ala., advertising executive, occupies a prominent place in the advertising of many electric utility companies in the nation and Mr. Vecker is confident that Reddy Kilowatt will soon become a well known figure in the ter ritory served by the Carolina Power and Light company. PERSON COUNTY THOM - RQIBQRO, N. C. FARM QUESTIONS ANSWERED Question: When should treat ment be started in the tobacco plant bed to control blue mold? Answer: If the disease is in the vicinity it is best to start treat ment immediately. However, if careful daily inspections are made to insure finding the first sign of the disease, treatment may be de layed until the disease is pre sent. Care should be exercis ed to avoid even one night’s de lay after the disease is present as plants cannot be revived by treatment. Extension Circular No. 229 gives full details as to time and kind of treatment and Copies may be-had free upon application to the Agricultural Editor at Sta te College. Question: How much lespedeza seed does it take to seed an acre? Answer: When broadcast, at least one bushel or 25 pounds of seed should be sown to the acre. The seed should be covered light ly as with a wfeeder. If the seed are drilled in, less seed are re quired. All old seed should be tested for germination before sowing to insure a good stand. Jefferson Stanbarb has Another Year of Steaby Progress \ i Important Facts From the 1939 Report of President Price ASSETS HIGHEST IN HISTORY Every Thirty Days assets increased at the ayecage. raff of $625,000. Total assets sß7,soo,ooo—largest in Company history. CONTINGENCY AND SURPLUS INCREASE Contingency funds, surplus, and capital now total new high mark in funds set aside for additional protection of policyholders and beneficiaries. POLICY BENEFITS TOTAL $6,350,000 Jefferson Soa^ hundred eleven million, eight hundred thousand dollars paid policyhold ers and beneficiaries since founding of the Company in 1907. 5% PAID ON TRUST FUNDS S I {' I 1111 In 1939, as in every year since organization, lljj | ]■ E | lßj|( UIV Thompson Insurance Agency Change In This Rate In 1940. g. q. Thompson Walter James Psnjr Allan Jeffebsor Standard Life Insqbance Go. Julian Price, President, Greensboro, M. C. I Census Chieftain Commander-in-chief of 150,009 censes takers is William Lane Aus tin, whose army will compile essen tial facts about 132,000,090 Ameri cans, 3,000,000 business firms, 33,- 000,000 homes and 7,000,000 farms during 1940. Austin, a native of Mississippi, began with the census bureau 40 years ago in a minor capacity and worked to the top. The crop is sown on small grain in February or March. All varie ties with the exception of the Korean germinate in from four to five weeks and this should be considered when seeding. The Korean germinates in about two weeks. Question: What should be giv en to baby chicks when first taken from the incubator? Answer: As soon as the chicks are placed under the canopy they should be fed buttermilk or sour skim milk and have access to dry mash and water. Cooked infertile eggs, left over from the first can dling, will also give excellent re sults. The mash should be fed in hoppers and placed near the source of heat. Grain feed may be given after the first seven to ten days. This should be fed two or three times a day and placed in the mash hopper on top of the mash. It is very essen tial that plenty of mash hopper space be supplied so that the FRIENDLY SERVICE Standard Oil Co. Producta. Telephone Serrlee No. 4711 ROCK • INN SERVICE STATION (Q) R. A. WHITFIELD Distributor SPLENDID INTEREST RATE The rate of interest earned on invested assets for 1939 was 5.1%. Jefferson Stan dard leads all major life insurance com panies in the United States in the rate of interest earned on invested assets. NEW INSURANCE SALES UP $48,000,000 new life insurance was pur chased last year—s% increase over 1938. $400,000,000 IN FORCE Jefferson Standard policyholders own life insurance amounting to $402,500,000 new high mark in life insurance in force. » 1 U 11l I J II II" ..LI I 11..1 "I'll I II II 'll'.,' I FINANCIAL STATEMENT • DECEMBER 31, 1939 JEFFERSON STANDARD LIFE INSURANCE COMPANY ASSETS LIABILITIES Cash. $ 738,280 POLICY RESERVES $ 7M18.070 Bonds: This amount represents the reserve re- United States Government 277,284 ~ SJS d J’Li?X rompt p * y * State, County and Municipal— 4,014,74? Reserve fwPoScy Claims.'- 420 910 Other Bonds and Stocks. 12,182,352 Chums in oouree of settlement on which BowisyCarnod on amottited basis. Listed proofs have not been received, securities st market values as of De- ROSOTVO fOf TSXOB 483J100 cember si, toss. Premiums and Interest Paid in Ad- First Mortgage Leans... 44,713,727 vanes... 841,795 386,639, °“ City Po'tey Proceeds Loft with Conwy.. 5.016,385 Real Eslßta;. 4,196,320 Dividends for Policyholders.... 798,798 T Offl« cl ßmldiSt “ vwtteu '* tory Hqme Reserve for All Other Liabilities—.. 242,773 ,3 ’ 858>5 ° 2 Liabilities.. $ 81,200,544 < Contiowncyaa p*nie r ....» f 3a(MMO Premium Loans and Liens 4,014,953 A fund_to uke enre rs eon- Fully secured b, the c«h valu» of »tftat. , tesS£ policies. ms&i fluctuations. Infineon,. In Coum. of Col- Capital.:... 2,000,000 Premiums In Course of Collection'”l 2,494,’500 AdSS All Other Assets 104,359 Protection of Policyholders $ 6,300,000 Total Admitted Assets S 87,500,541 Total $ 87,500,541 y -jfjik \ , chicks may all eat at the same time. o LAND POSTED SIGNS AT THE TIMES OFFICE [I LL TUNE ( Voru f-THATS THE MOST 4 01 0 OUT THE } IMPORTANT THING /|«H| ( YOUU^^^ 0N * CHT V Se\« e * AA ILLIONS suffer less from Headache, Acid Indigestion, Distress ,T * of Colds “Morning After” and Muscular Fatigue because they have heard—and believed—Alka-Seltzer radio announcements. To these millions, the relief obtained by the use of Alka-Seltzer is worth far more than the genuine enjoyment they get from the broadcasts. The most important parts of our radio program, both to you and to us, are the commercial announcements. Once you have tried Alka-Seltzer we believe you will agree with us. But try Alka-Seltzer because it is an unusually effective medi . cine not because you enjoy the radio programs. WHY ALKA-SELTZER IS SO EFFECTIVE The pain-relieving analgesic in Alka-Seltzer is in complete solu tion, ready to ease the distress as soon as you swallow it. The painrelieving action is made more effective by alkaline buffers. The alkalizing elements in Alka-Seltzer reduce excess stomach v.if.4; acidity. Get Alka-Seltzer the next time you pass a drug store. JfcPln „ Large package ft* - Small package 344 kj W g jjjjffcfffjh I Try a glass of Alka-Seltzer at your lIW |—i | r>rllg Store Soda Fountain. Alka-Seltzer IT i ■■man AGENTS CAREFULLY SELECTED AND TRAINED The public needs , s the services of the well informed 3# life insurance ed to the work, ' and the Company has a training program which gives the agent a full knowledge of life insurance and the methods of fitting it to the needs of the buyer. Consult a Jefferson Standard agent when you buy more life insurance. SUNDAY, FEBRUARY 11, 1940 “When troubles come they come not in single file, but in batalions.” —Shakespeare
The Roxboro Courier (Roxboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 11, 1940, edition 1
3
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