Crane Says
Ge Back
To School
RALK'ltfll "Today's unnlu
rated young people arc1 tomor
row's unemployed adult*.” s.iy -
Frank Crane. North Carolina's
Commissioner of Labor.
"Tlie only sure way in which
they can break that frustrating
ryde and i*|uip themselves for
go si jo .s a-nd a satisfying life is
to go hack to school and complete
their education.”
Concern*-d over the hleak lutuie
faced hy North Car >l;na's alarm
inti number of school dropouts.
Commissioner Crane warned that
young men who le ive high school
before graduation will earn an
average of SaO.OOO less during
their working lifetime than high
sehiHi! graduates
Crane said studies also have
shown lhat school dropouts ex
perienre three times more unem
ployment than graduates.
He noted that some 13.0*10
North Carolina youngsters ob
ta.ned employment certificates
for Jobs covered hy the Child La
hor Law during May. June and
July this year This was aliont
1.000 more than the total for the
same period last year.
"Young fieople who have had
the initiative to go out and earn
mtney at summer jobs may be
tempted to continue working fall
time when they hear the school
tiells ring," Commissioner Crane
stated.
“Those w h > heed this siren song
instead of returning to school will
have a lifetime in which to regret
the short-sighted decision." Cram*
warned. “Abandoning education
in favor "f immediate earning is
the almost certain way to a fu
turc lo w income, unskilled and
uninteresting jo'» opportunities,
and frequent periods of unem
ployment.
"Our increasingly technical and
automated civilization requires
educated people who can put
know ledge to work and who have
learned how to find out the ans
wer Only thoroughgoing educa
tion of good quality ran produce
such people."
Stretching You Dollar
By Philip J. Goldberg
Institute for Financial Planning. Inc.
Today, immortality is n«i longer
reserved lor tnosc who cun at*
lord to necl monuments and
make huge donation*. If you are
the average wage earner, and
would like to leave ab.iut Sl.OiJO
to your fax tint • charity in order
to pel petuate your name, the easy
way to tin it is througn life insut
■nee.
Y >ur charitable eoniri .ution of.
say. $£).'Ml. t an be supple.Tiented
by a charitable endowment life
insurance policv which will gua
rantee the charity of year choice
a large amount at the time of
your death. On this kind of life
insurance policy, you name the
charity as beneficiary. I'sing this
method, a man of gotid health
who is 35 years old. by making
a prerruim payment of about
Sgg.Ul a year, can leave $1,000 in
his own tiam« to the charity of
his choice. Also each premium
payment is tax deductable.
The orgam/ation named as ben
eficiary on this kind of policy,
also benefits in tithe; ways. As
owner of the policy, a source of
ready cash is available at low in
terest rates from the insurance
j company, for use on urgent pro
jects. Also, if a charity knows in
.advance how much money it will
receive, it t an then plan a pro
ject and credit you with financing
i it.
Depending tin the amount of
the policy, your immortality can
take on the form of anything
front a sch darship fund or new
prayer books for the local church,
to a wing on a new building. It
j could provide the financial mo
mentum for those added experi
ments whieh could produce a cure
for some incura tie disease.
In return for making a charita
ble contribution through life in
surance. vou can be immortaliz
ed by having the charity enshrine
! your name on a platpio. corner
stone or window or anyplace
where it can iie remembered. But
what is possibly the most satisfy
ing of all the benefits, is that you
w Join the smart car
buyers who made
the number one
seller the number
one buy!!!
Chevrolet has always boon a favorite car. Now
it's more in favor than ever! Just drop by your
Chevrolet dealer’s to see w by. Look at his wide
assortment of brand-new Chevrolet*, Chevelles,
Chevy M's and Corvairs. Pick the one you want
then join all those smart buyers who got a
number one deal on the number one seller. lint
don't u ait too long; there are a lot of other smart
buyers around!
Chcrrolel Intpala Sporl Coupe
Chceette Malibu Sport Coupe
C’/u ■ H If Xoca SjHjrt Coupe
Corvuir Mon.'i Club Cou/'e
I hrrtakl (In rllr ■ ( htry II ■ tarrair ami f mrtUt
.W/ (iirs, VW Valins. \n.l Hint la hay-.Star at f/aur itculfl
Ml I Ml MAM WITH INI MU MRS
Mo.1
YOU* CHEVROLET DEALER
3-’ 1351
VICTORY CHEVROLET CO.
KINGS MOUNTAIN. N. C.
■AILBOAJD AVENUE Hit. Ho. 110 PHONE 739-MN
will havi* the personal knowledge
of having cuntrihult'd to a worth
while cause and the good of hu
manity.
There are some people who
would like to buy a charitable
endowment life insurance policy,
hut cannot qualify for life insur
ance at reasonable rates, because
of their health. By organizing a
group of people interested in do
nat ng to one particular charity,
it could oo possible- for them to
purchase- a standard policy, re
Insurance Sales
At $170 Million
Insurance* sales fur Liberty L.fc
Insurance* Company 1.1 the first
six months of 1!KM exceeded all
previous gains in hus.ness over
similar periods. Francis M. Hipp.
president, reported to the com
pany's lioard of directors at a
gardlcss of any health problem.
Yoar life insurance agent can
help you arrange lor a charitable
endowment life insurance policy,
hy shoa ing v >u how to change
the beneficialv on an existing
policy, or buying a tiew one. In
many cases, the charily itself has
an organized program which can
be of assistance to you for this
type of donation.
home office mating in Gran
ville, South Carolina on August
11.
Wiih the total amount of insur
ance in force approaching $1H
billion, Mr. Kipp said, tnc great
est gams are continuing in the
sale of ind.vidual life policies,
which resulted in a net increas"
of VV'.239.232. up more than 15' <
over the first six months in 1963.
A total of $7,276,566 was paid
oat in benefits to p dicyowners
and beneficiaries, representing an
increase of eight per cent over
the same per.od last year. Pay
ments to living policyowners rep
resented 53 per cent of total
benefits paid.
Liberty Life assets were :n
cteased by more than $6'« million
with total assets rising to $170.
.333.174 at June 30. Mortgage
loans represent the company's
major investment account at mid
year. totaling nearly $72 million
a gain of 20 per cent over the
June. 1963 position.
Corporate and public oonds.
second largest investment item
increased nearlv $4 mill'"'’ in ,v
past six months for a $66,39f<,3U*
total.
Capital a-id surplus were in
creased by $1213.652. Net operat
ing gains for the company afsei
taxes improved by more than
2ti'>, with a June 30 total of $!.
666.735 compared to $1,315,963 for ,
1963. |
Lilierty Life stockholders have 1
increased to more than 5.000 Mr.
Ilipp said, following a secondary!
stock often ne p- . ,r •
approximately twice the size of
the stockholder group at the end
of 1963.
The regular quarterly cash di
rev*
»
vidend of *06 per share payable
October 1 to stockholders of rec
ord as of September 14, was
proved by company directors.
Composing the company's boar
of directors for 1964 are: J. K.
Davis. Alcster G. Furman. Jr.. It.
Calhoun Hipp. Francis M. Hlpp.
Herman N. Hipp. W. W. tWoEach
em. Dr W. B. Mills. Ernest Pat
ton. J. Kelly Sisk. Robert S.
Small and John I Smith, all of
Greenville; J. M. Blalock and B.
M- Edwards, of Columbia; James
G. Cannon and Frank O. Sherrill,
of Charlotte.
Strokes accounted for 11 pci
cent of all deaths in the IJ. S in
1963. more than one out of every
ten deaths in the country, ac
cording to the North Carolina
Heart Association.
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