Newspapers / The Kings Mountain Herald … / Sept. 2, 1949, edition 1 / Page 15
Part of The Kings Mountain Herald (Kings Mountain, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
wtxikHUn . t LUMBER MUTUAL CASUALTY INSURANCE COMPANY Ne w York 10. If. Y. Condition December 31. 1948. Aa Shown By Statement Filed Amount of Capital paid up in cash $ Amount of Ledger Assets (December 31st of previous year. $5,425,995.08; increase of Capital during year, $ ...... ^. Total, $3,425,995.08, Income ? From Policyholders, $4,434,089 ?6; Miscellaneous, $177,170.87; TotaJ. $4,611,260.73, Disbursements ? -To Policyholders, $1,713,026.67; Miscellaneous, $2,108,628.34, Total, $3,821,655.01. ASSETS Value of Real Estate $ 293,886.31; Mortgage Loans on Real Estate 10.00o.00 1 Value of 'Bonds and Stocks ? ? ? . ......... .4,235,142.42 Carti in Company's Office . . 41,531.33, Deposits in Trust Companies and Banks not on interest < ? 904,543.42 Deposits in Trust Companies and Banks on interest .......... 12,878.02 Premiums in course of Collection 480,858.28 Bills 'Receivable ? 653.59 interest and Rents due and accrued 16,759.61 All other Assets, as detailed in statement . 438,018.71 Total ............. ...... ., $6,434,271.82 I*?s Assets not admitted ......... . ... ..... ... ......... 35,133.84 Total admited Assets $6,399,137.98 LIABILITIES Unpaid Claims .: $ 139,241.57 ibopense, Investigation, and Adjustment of Claims 23,376.43] Unearned PremFu ms ....... 848,06225; __Commission, Brokerage, and other charges due ?> 23,316.95 Salaries, Rents, Expenses Bills. Accounts, Fees, etc., due or accrued 7,295.68 *stUuated amount o < Federal State county and municipal taxes ? . - 272,012.75 All other Liabilities, as detailed in statement 4, 254,645.36 ! Total amount of all Liabilities excem Capital $5,567,950.99 Reserves $ 60,000.00 Capital paid up ...... . .v 550,000.00 Surplus over all Liabilities 221,186.99 Surplus a9 regards Polk^holders . 831,186.99 Total Liabilities . $6,399,137.98 ,'No543 0B it .-.OT $5AAAUn..y | BUSINESS IN NORTH CAROLINA DURING 1948 Premiums Rec'd losses Paid Auto Liability $ 45,074.00 $ 20,523.00 liability other than auto * .....15,151.00 2,825.00 Workmen's compensation 197,513.00 89,991.00] Auto property damage 26,629.00 16,729.00 j Property damage and collision other than auto - 5,584.00 234.00 Totals ?. $289,952.00 $130,305.00, President: Tihos. H. Silver Secretary: D. T. Kelly] Treasurer: Eveiert L. Barnard Home Office: 260 Fourth Ave., New York 10, N. Y. Attorney for service: WM. P HODGE?, Commissioner of Insurance, Ral <eigh, N. C. 1 STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT, | i ? Raleigh, March 4, 1949. 1 1, WM. P. HODGES, Commissioner of Insurance, do hereby certify that | the above is a true and correct abstract of the statement of the Lumber! Mutual Casualty Insurance Company, of New York 10, N. Y? filed with this Department, showing the condition of said Company on the 31st day of December 1948. Witness my hand and official sea], the day and date above written. WM. P. HODOES, Commissioner of Insurance. (Seal ) STATEMENT LtnfBF R MUTUAL FIRE INSURANCE COMPANY Boston 15. Mass. Condition December 31. 1948, As Shown By Statement Filed A-mount of Capital paid in cash $ Amount Ledger Assets, Dec. 31st previous year. $5,511,869.86; Increase paid up Capital, $ ' Total, $5,511,869.86 income ? Fro ifi Policyholders, $2,8^,546.76; Miscellaneous, $420,497.23; Total, $3,305,043.99 Disbursements ? To Policyholders, $891,778.92; Miscellaneous, $1,689,482.98 Total; $2,581,261.90 Fire Premiums ? Written or renewed during year, $3,420,185.57 In Force, $5,287,361.18 All Other Premiums ? Written or renewed during year, $562,829.14 In Force, $ 900,025.66 ASSETS Value of Real Estate $ 225,149.12 Value of Bonds and Stocks ....................... 4,791,378.76 Cash in Companys Office . . . . . 1,550.00 Deposited jn Trust Companies and Banks not on interest 880,521.00 Agents' balances, representing business written subsequent to October 1, 1948 392,271.45 'Agents' ba)ance$,?representing business written prior to October 1, 1948 :... 295.88 Deduct Ceded Reinsurance Balances Payable ?92,115.79 Interest and Rents due and accrued . ... 23,299.96 All other Assets, as derailed in statement 56,544.53 V ^ * ? $6,279,344.91 less Assets not admitted 37,180.37 Total admitted Asets $6,242,164.5*3 LIABILITIES Net amount of unpaid losses and claims $ 213,479.82 Unearned premiums . .... i ........ . 2,976,832.57 Salaries, rents, expenses, "bills, accounts, fees, due or accrued 5,148.53 Estimated amount payable for Federal, State county and municipal taxes due or accrued 87,504.11 Reinsurance and return premiums due otfher companies ........ 63,777.65 All other liabilities, as detailed in statement 22,790.? Total amount of all liabilities except Capital $2,969,622.99 Guaranty surplus funds: $ 250 000.00 Unassigned funds (surplus) 3,022,541.55 Surplus as regards Policyholders 3,272,541.55 Total Liabilities $6,242; 164.54 BUSINESS IN NORTH CAROLINA DURING 1948 fire Premiums received . ............ $122,637.00: $ All Other Premiums ....... 20,741.00 $ Leases incurred?JFire 29,473.00; Paid $3B,376.00 Losses incurred? Ail other .....' 3,365.00; 'Paid $ 4,069.00 President: T. E. Baker Secretary: H. W. Goodwin Treasurer: F. E. ?othwell? Hojne Office: 632 Beacon St., Boston 15, Mass. Attorney for service: WM. P. HODGES, Commissioner of Insurance, Ral elprh, N. C. STAT? OF NORTH CAROLINA. INSURANCE DEPARTMENT, (SEAL) " ' . Raleigh, June 3, 1949. I, WM. P HODGES, Commissioner of Insurance, do hereby certify tha< the above is a true and correct abstract of the statement of the Lumber Mutual Fire Insurance Company of Boston 15, Mass., filed with this De partment, showing the condition of said Company^on the 31st day of De cember, 1948. Witness my hand and official seal, the day and year above written. WM. P. HODGES, Commissioner of Insurance > FDNERAL HOME ?Ambulance Si'rljif r Kings Mountain, N. C Phone 118 Subscribe To The Herald? $2 Per Year Runner-up Tells Soil Conservation Story J. T>. Robinson, of route 5, Monroe, runner up in the State Negro Soil! Conservation Contest, in the past -?-ix years has doubled his crop yields without increasing his application of fertilizer, according to S. T. Lloyd Negro county agent for the State College Extension Service. ?When Robinson purchased his present farm in 1942 he wa? making only about 15 bushels of corn per acre. Last year he averaged 45 bush j els of corn, 25 to 30 bushels of wheat i and over a bale of cotton per acre. Though he had only. one cow, the; Negro farmer began spreading sta ble manure over his land as soon as he bought his farm. In 1945, with the help of C. H. King, soil conserva tionist, he terraced over half of his farm. He also started using cover' and soil building crops in his rota tion system. Robinson planted his first perma nent pasture in 1945 ? three acres of Ladino clover. In 1946 he planted two acres more, in 1947, an acre and a half; and in 1948, five acres. His original dairy enterprise of one cow has now grown to seve^j milking cows. The farmer sells miiff on the milk route, and finds that the money from the sale of milk just about takes care of the operation of his farm. 'T don't see how a farmer could do without a few dairy ani mals," he says. "My cows not only bring in cash, but help materially in building up my farm. My average income from dairying is about $$0 per month." Robinson said good farming pays' off in good living. "We have been able to buy more of the things we need both in the home and on the farm," he adds,. Farmers Advised To Defoliate Cotton Recent heavy rains and continued attacks of holl weevils are further reasons why farmers should begin preparing to defoliate their cotton, says J. A. Shanklin, Extension cot ton specialist at State College. In most areas, Shanklin said, cot- j ton is mature enough now where it would be safe to apply the defoli- j ant. A good cheek to determine the : time of application would be to wait ! until bolls expected to mature are at least 20 days old. One application of 20 to 30 pounds of cynamid dust per acre should be sufficient to do the job. Shanklin recommends that the dust be applied early in the morn ing before the dew has dTie-' off the cotton plants so *he defoliant will Created for Charm and Children Here** a koiM that oftrt th? luxury of sweeping contour* and the utility of apacious terraces for rkildrrn't play and adult recreation ? ?ll on u lot only 76 feet wide. Fieldstone walla and chimney, har- , uonii.mg with gracefully -batt?n?d plywood rive the exterior a permanent tidiness. The rear torrace, with sunken sand pit, ia sheltered w three aide* and has eaay access to kitchen window buffet. Each large bedroom haa two closets and >? erwnn-vowtilated. Four picture windows in the living room and dining ?U overlook both garde* and front terrue*. Bhetch flan* are available by writing Good Housekeeping magavrte. * 3i*> rv Bedroom 13 T ? wr-cr stick 10 the leaves. Another good time to apply rhe dust is after a light a rain while the plants are still wet. | Any dusting equipment that is suit- I able for using Ln insect control will I work satislactori ly in applying the I defoliant.' EYES EXAMINED ? GLASSES FITTED ?? ? v 1 Dr. B. M. Morrison, Optometrist In Kings Mountain Every Tuesday and Friday Afternoon Morrison Building Telephone 316- J You -will really Go for CHEKR WINE . . . and so will the kiddies. Stay on the beam. Drink delicious, energizing CHEER WTNE daily! CHEERWINE U in tune with the American taste i ( 0 drink # ^ eerwine ! H Keep a supply at home. Buy a Bottle carton or -* a ease today! ^ ON ALX OCCASIONS [C H E E R Wl N E IS GOOD TASTE c/h&um Fas{ Xtu ?"u ?*0 C?ULOh.
The Kings Mountain Herald (Kings Mountain, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 2, 1949, edition 1
15
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75