University of South Carolina Libraries
STATE .tI 1t iShdUM-%2 Co. Comptroller General Jones at Head of New Company It will Have a Capital Stock of $300,000, with Headquarters in Columbia. News a:ld Courier. Columbia, November 14.-AppIica tion has been Imadce for a carter for the Fidelity Securities t'()mpany, which is the first step in the .rgan ization of a South Carolina fire in surance company with a capital stock o,f $300.000. with headuarters in Colonnbia. 'omiir'"olle"r G en era 1 .1J :ies is the prime mover in the oraniza tion of tiiis c"(m1:anyu and will be its head. Ie has secured the back ing of the ieadin business men of the state: wh> realize that it is not only an excellent, investment from the purely business standpoint, but that the plan to keep the insurance premiums in this state and section is deserving of support. Mr. Jones has :.ot yet made any systematic can vass for stock. but states that with the small amount of work which he has been able to do on this line out side of offiee hours he has met with encouraging success. His desire is to distribute the stock among a large number of small stockholders scatter ed in a1 sections of the state. The compal 'is to be primarily a South Carolina concern, but its business operations will not, of course, be confined to this state., The Fidelity Securities Company is to own and hold stock in fire in surance and other companies. using the proceeds of the sale of its stock for this purpose, and to act as gener al agent for fire insurance and other companies. Its principal object will be to or ganize a new fire insurance company to be called fie Gulf and Atlantic Fire Insurance Company of Colum bia. S. C.; the funds for ,which will be furnished by the Fidelity Securi ties Company buying the capital -stock of the fire insurance company and holding the same in its treasury, the Securities Company becomin. the general a,ent and manager Lor the United States for the fire insurance company. Of the capital stock of the Fidelity Securties Company $200.000 is offer ed to investors, while tihe balance of $100,000 is to be distributed through out the field to the agents appointed and representing the fire insurance company and other insurance comn *panies controlled by t,he Securtities Company. In this way, each agent will be directly and financially inter ested in the suecess and welfare of the company, and will aid the com pany 's effort in enforcing the guar ante.ed conservatism in the selection of risks. 'The par vah1e of each share is ten dollars, a.nd it is desired that these Sbe as widely distributed over the state as practi'eable. In the State of .South Carolina, ac cordin'g to the official report of Comp troller General Jones, the fire insur ance companies doing business within the state received in premiums from the citizens of the state'in the years 1900 and 190.5, inclusive, $9.996.840. 20. D)educting the reported losses and.expenses, the profits derived by these companies from the business done in the state according to the re ports furnished by the said compan-. ies amounted to $1.432,364.77. These amounts jo not include mutual as sessments companies, which do a large and prfitable business within the state. In 1900 the legislture provided for insurance gf public buildings of the state by the state itself through the sinking fund department. That de partment in its report to the last ses sionl of the General Assembly says: "During the six years of its opera tion (since January 1. 1901.) this sinking fund insurance department has paid out $2.145 for losses incurred in silx fires and $151.40 for the costs f~ apraising damage by fire, ap raisingl rates and value, determiining hazards, and for st ationery' stamps and b!.anks: and on December 31, 1906. has accumulated a net fund of $28.';~9.43. shiia The~ enormous 01it1 sow5a aov are accentuated when it is con sidered that the premiums paid for this insurance were only two-thiirds of the almounlt paid prior to the adop tion of the scheme of state insurance. The first $200.000 is beinu' placed at vanr to investors. and when that anl)mi is sold, the price o-f t 2 caitail stock will be advanced for the emaing treasury stock to $12.50 er share. The pu1rpose of CoinptioIler GenM eral Jones to organize anid manage this company is taken as an indica tion that lie does not prop)ose ti aian offer for the office of Comp roller General. Mr. Jones is rated -i ohast working official ini ,,1 all :n mot lin nlll - (ll(e i'i lia\'; 1n a s ylltl\ 01 iese Illat ters for vcars and being- perfectlh familiar with the intricacies, whici puzzle the average mian. He ha5 made a most conscientious and thor" ough1 official. having. served severa te'inus and :laNiu-.1 previ\"ously beel' chief cl'-?rk ullri ('lmptroller Gener al D;erhain. It is g-enerally predic ec that he will maike a success of hi: iew venture. J. H. DESERTED BY FRIENDS, DIED AT FRUIT STAND Very Sad Demise of George Daley it Co1umbia. Anu.usta Chiroiniele. Columbia. N0v. 14-_An aplparentl well educated vou:g white man. 26 years old. giving his name as GeorgE E. Dalev. died here today on a cot at a fruit stand, where he had been be friended when all the remainder of the world had deserted him to die of blood poisingi. Young Daley was 'dropped of'' here by the WallacE circus people because of his condi tion. He grew steadily worse and fin ally died in great agony. The unfortunate young fellow seems to have had a oad history. Ac cording to the mast reliable informa tion that could be secured about him, he disappeared from his home with out explanation when about to be married, on accou:lt of his condition. He had spoken of his ambition to and hope of recovering his health and returning to his home, pride forbid ding him to go back like a prodigal in destitution. Only recently he had accumulated the necessary "stake" and with returning strength was buoyant in the prospect of surpris ing the folks at home with his pres ence in a short time. But. suddenly he grew worse, and he lost his money in keeping body and soul together while he was un-able to work. and finally died in want and suffering. To wilun a few minutes of his last .breath he steadily refused 'to give the address of relatives.'but finally, as the last _iint of the life light was about to go he utt'ered something aiont '95 State street.' in answer to a qjuestioMn as to where his people lived, but whether he was "wander ing in his mind.'' or- parents, or re latives do live at somre 95 State street, may never be known. Ninety-five State street. Chicago, is occupied by a well known business house. SLOW MASTICATION OF FOOD. Advocate Claims That it Will In crease Muscular Efficiency-A Personal Experiment. New York, Nov. 15.--Horace Flet cher, advocate of slow mastication of food, has just been describing his system and its effects to the academy of medicine. So firm a believer is he in his system that he says it is possi ble for a man more th'an 50 years old to increase his muscular efficiency without systematic physical exercises. He said that his contention had been proved by his own case and by ex periments in the Yale g-ymnasium. On his 50 the birthdva. Mr. Fleteher said that he rode 190 miles on a bike and the next morning he added more. DOWN - DOWN - LUMBE and building material of all kinds. Flooring, ceiling and shingles of all grades, sash, doors, blinds, laths, roofings, etc. C. H. Cannon will give the very lowest prices and meet all competition. He is in for small profits and large business. CHEAP RATES' Via Southern Rail*ay. Jamestown Ter-Centennial Exposition, Norfolk. Va. On account of the above occasion the following instructions will gov ern the sale of round trip tickets to Norfolk, Va. from Ntwberry, S. C. Season ticket-$19.55. This ticket will be sold daily April 19th to and including November 30th, 1907, final date to leave Norflok returning De ember 15th, 1907. 60 day ticket-$16.30. This ticket will be sold dJaily April 19th to anld inclu.ding November 30th, 1.907, final date to leave Norfolk returning six ty (60) days from cate of sale and not lated than decemMhr 15th, 1907. Fifteen day tic-ket--$14.20. This ticket iwi] be sold daily April 19th to and including November 30th, 1907. final date to leav&Norfolk re turr'- fifteen (15) days from date of sale. Co:en Exeusion ticket---$8.55. This ~oket is not god in skceping, Pull man. er P r e ars, au2(t will be sold on Tuesday <>f each week during per iod of the exposition, final date to leave Norfolk returning ten (10) days from date of sale. For routes, stop-overs, etc., write (COND STATI THE COMMERCIAL BAN under call of State Bank ] September 17, 1907. RESO Loans and discounts - Overdrafts - - - Furntiure and fixtures Cash and sight exchange LIABI Capital Stock - - Undivided profits (less expe: Dividends (unpaid) - Cashier's checks - - Due Banks - - - Bills payable - - Individual deposits - JNO. M. KINARD, Pres. J. Y. McFA 4 Per Interest Paid in our WAN Our friends to know to our stock TENNEY' Tenney's Cream Ca late Almonds, Kori nuts, Chocolate Ere Chocolate, Peanut lows, Zettes, also Mi Anice line of 5c. For anything in IGandy, etc, CAL] Broadd Herald and APPLE M AGAZIN GREAT No magazine in the world can offord a better program: the next novals by Hall Caine, the most popular novelist in the world; by Robert W. Chambers, the GREAT SHO The writers of these will include Ed1ith Whartoon author of "The House of Mirth"; Booth Tarking ton, author of "Monsieur ARTICLES GE dAppleton's keeps too closely in touch w ith events to foritell our articles far. But we shall have the best Sby the best. John T. Mc Cutche on, America's most Spopular cartoonist, is writing and illustrating a serie~s for George Ade is writing his own Reminisce nces, the drollest of all his laughter lfigworks. Sinend your name and address an< D. APPLETON & COMPANY ENSED) MENT K OF NEWBERRY, S. C., 4xaminer at close of -business URCES. - - - $406,831 16 - - - 5,653 08 3,116 93 42,172 36 $457,773 53 LITIES. - - - $ 50,000 00 nses paid) - 49,484 84 . - 1,030 00 - - - - 103 88 - - - 858 38 20,000 00 - - - 336,296 43 $457,773 53 0. B. MAYER; Vice-Pres. LL. Cashier Cent. Savings Department. ITEDI that we have added a nice line of S CANDY, ke Chocolate, Choco i Nuts, Salted. Pea am Drops, Assorted Brittle, Marshmnel wkintosh Toffee, &c. id 10c. Box Candy. Station ery , Cigars, ~ON THE News OffiCe. E FOR 19081 SERIALS most popular of American novelist, and by Elinor M.3 Lane, author of "Nancy Star"; in other words, three splendid $1.5o novels. RT STORIES. Beucaire"- Myra Kelly, Lloyd 0Ohue, M-argaret &9 Deland-nearly everybody worth reading-all !avishly illustrated. tAY AND GAY . Samuel G. Blythe is writingr a series. The G .ve:nos o the Mid-Western States are~' writing for us. There will be humor, seience, ads. en; o & , politics, s:Qmetlhing delightful/ and worth b ile for eveLry member ,f the family. Y ou simply ca: not affo: d to ias it, a ;'ly 61. 0 a year 1I i ear of the Great Special offer ,4a Fift Avenue, New York Statement of the condtio Newberry, S. C., Sept. call of State Bank Exan Bills receivable.......$219,605 6 Overdrafts........... 5,180 7 Fixtures......... Cash on hand and due from other Banks. .... $ 10,193 9 $238,617 2 Watch us grow. We pay 4 pei ment compounded Semi-annually. ThE EXCH J. D. DAVENPORT, GEO. B. President. W. B. WALL N. The People's Prospet Paid Up Capital - Surplus and Individua Stockholders' Liabiliti For protection of depi H. C. MOSELEY, President. W. W. WHEELER, Cashier. Better a conservative inte: return when wanted, than a hi about the principal. A National Bank is a safe D makes it so. Likewise our B of prudent conservative manal DIRE G. W. Bowers. J. A. C. Kibler. R. L. Luther. M. A. Carlisle. J. H. Hunter. J. P. We allow 4 per cent. p Department, interest YOUR 13 THE NEWBERRY Capital.$50,000 - No Matter How Small, The Newberr3 will give it careful al applies to the men anc JAS. McINTOSHl, President. ThePTirsi Coug * Even though not'severe, has tive membranes of the thros SCoughs then come easy all w 4 slightest cold. Cure the first $ set up an infiamation in the di .lungs.. The best remedyi SYRUP. It at once gets rig. Smoves the cause. It is free f * a child as for an adult. 25 ce MAYES' DI SEVERY ONE DIOESE Some have to dig share But if you wil S partment and lay up : ings you will toon ha S your own. Open an day and take a step u Today's prudence i The Bank( a Prosper Dr.Geo. Y. Hunter, Pres't j.F. Browne. Cashier. n of The Exchange Bank of 17th, 1907, in response to uiner. 4 Capital stock.........$50,000 00 5 Surplus................ 6,460 74 Cashier's Checks...... 269 84 Dividends unpaid ...... 87 50 Bills payable........ 75,000 00 2 Deposits..............106,799 15 $238,617 23 cent. interest in our Savings Depart WGE BANK CROMER, M. L. SPEARMAN, Attorney. Cashier. .c, Asst. Cashier. 6994 National Bank ity, &. C. - - - $25,000 O. Li Profits $6,000 00 es . , $25,000 00 )sitors.' M. A. CARLISLE, Vice-President GEO. JOHNSTONE, Attorney. rest on your deposit with its safe gh rate and a feeling of doubt eposit. overnment supervision oard of Di ectors is a guarantee ;ement. CTORS: . W. P. Pugh. Jno. B. Fellers. W. A. Moseley. Geo. Johnstone. H. C. Moseley. Bowers. er annum in our Savings payable semi-annuaNy. ,ANKING! SAVINGS BANK. - - Surplus $30,000 No Matter How Large, r Savings Bank tention. This message I the women alike. J. E. NOR WOOD, Cashier. h of the Season,: a tendency to irritate the sensi Lt and delicate bronchial tubes. inter, every time you take the S cough before it has a chance to * elcate capillary air tubes of the s QUICK 'RELIEF COUGH it at the seat of.trouble and re rom Morphine and is. as safIe for 0 nts at * ~UG STORE. 'T INliERIT MONEY. ,and dig hard, for their utilize our Savings De portion of your earn ve an "inheritance'' of account in this Bank to oward. s tomorrow's pleasure. I ProsparitU, ity, 3t C. .Dr. J. S. Wheeler. VJ Pres. J. A. Counts, Asst. Cashr.