The sun. [volume] (Newberry, S.C.) 1937-1972, May 24, 1940, Image 9
PRiuAT, WAT g4. 1
THh rrprrrpKKfCT STTy
PAGE NINE
ByAd Ctrter
Purcell Is New President
Of Chamber of Commerce
The Newberry chambei- of com
merce directors, last Thursday, elect
ed officers for the coming year. Ned
Purcell of the Newberry Insurance
and calty Company was elected presi
dent; Clarence C. Hutto, manager of
and Realty company was elected presi
dent; J. N. Beard, manager of Belk—
Beard Department store, treasurer;
and Ted W. Bremer, re-elected secre
tary.
The meeting was held as a chicken
barbecue supper on Lake Murray. All
of the twelve newly elected directors
were present at the meeting, annual
election of directors having been
held the preceding week. All but
three of the new board were re-elect
ed from last year’s board, these three
being J. N. Beard, of Belk-Beard de
partment store; J. W. Earhardt, Jr.,
editor of the Newberry Observer, and
E. B. Purcell of the Newberry Insur
ance and Realty company. (
Mr. Purcell, the new president, is
a native of Newberry and is consid
ered one of the most popular men
the town has ever produced. He
owns and operates the Newberry In
surance and Realty company and has
served for some time as chairman of
the Newberry Public Works Commis
sion In past years, Mr. Purcell has
a long record of service with the
chamber of commerce, both as direc
tor and vice president. His election
as president of the chamber for the
coming year meets with wide-spread
city and county approval, and predic
tions are that the coming year should
be outstanding in the history of the
organization.
P. T. A- PICNIC
The Parent Teacher Association of
Speers Street School met together
at a most enjoyable picnic Thursday
afternoon at Margaret Hunter Park.
The large crowd present was a testi
mony to the splendid work being done
at Speers Street School. This social
meeting meant much to the friendship
*nd fellowship of the Parent Teacher
Association. The first grade, taught
by Mrs. Annie Cromer, won the prize
for the largest attendance of mothers
during the school year. The second
grade, taught by Miss Annie Abrams,
won second prize in this contest.
Supt. O. B. Cannon was present and
thanked the mothers for their evi
dence of cooperation.
The Parent Teacher Association of
Speers Street School is enjoying the
programs of monthly meetings. Many
improvements have been made by this
group during the year such' as read
ing tables being placed in each
school room; around $50 worth of
books added to the school library;
side walk constructed on school
grounds and shrubbery attended to.
Mrs. Vernon Carlton, president of
this association, wishes to thank all
committees who have cooperated in
a big way to the success of the work
done during the past year and asks
that committees continue their work
during the vacation.
I DERRICK DONATES LUMBER
UTTL£ MOMENTS IN BIO LIVES
Kessler
In answer to the request made by |
the chairman in charge of publicity j
for the dedication of the World War
Memorial Building, a large gift has
been received. Mr. J. Kess Derrick
of Little Mountain sent a load of dry-
poplar and oak lumber to the NYA
shop on Thursday. This lumber will
be used to make furniture for the
Legion Home. The American Legion
is deeply grateful to Mr. Derrick for
this big gift. Any other person wish
ing to make a gift please call tele
phone No. 283.
SWINDLER-PENDER
In the presence of only a few rela
tives and friends Miss Kathryn
Swindler of Nlewberry became the
bride of Mr. Edward Leonell Pender
of North Charleston.
The double ring ceremony took
place at Aveleigh Presbyterian
church in this city, May 11, with the
Rev. C. A. Calcote, pastor of the
bride officiating.
The church was decorated with
bowls of Sweet Williams Snapdrag
ons, and Queen Anne’s lace. For
her wedding costume, Miss Swindler
wore a blue crepe shirred dress with
dark blue accessories. Her corsage
was of sweetheart roses.
Mrs. Pender is the very popular
and attractive daughter of Mr. and
Mrs. Henry W. Swindler of New
berry. She is a graduate of New
berry College, and for several years
has been teaching in McBee, South
Carolina.
Mr. Pender is the son of Mr. and
Mrs. C. M. Pender of North Charles
ton. He is connected with the Pearl-
stein Wholesale company in Charles
ton.
Those witnessing the wedding
were Misses Virginia Dare and Jban-
ita Swindler, sisters of the bride, Mr.
and Mrs. Earl Smith of McBee, Mr.
and Mrs. Ed Beck of Woodruff, Mrs.
Ralph Whitaker and Miss Edna
Thompson, both of Newberry.
After a wedding trip to the moun
tains of North Carolina, Mr. and Mrs.
Pender will return to North Char
leston, where they will make their
home.
MISS SHARPTON TO GRADUATE
TUOWAP W. QC&fbOnOA. 6EWCGAL AMWA6ER OF THE
UUrttD PWTEP UNEP. MP QWOE THE &EPT TtUO DOLLAR
A WEEK ECQAKJD COV THE PANAMA PAllQOAD 4WD STEAM-
pmp oauatuv Wad-
THIS IS THE SEASON FOR
Windstorms and Hail
t
ARE YOU COVERED?
The Cost Is Small
Call Us Today!
Phone 197
Newberry Ins. & Realty Co.
“YOUR PROTECTION OUR BUSINESS”
E. B. Purcell, Pres. Exchange Bldg.
Newberry county will be interested
to 'know that Monday, May 20, Miss
Minnie Lee Sharpton, a Newberry
county youth, will graduate from
Dela Howe school in McCormick. Miss
Sharpton has made a very fine record
at De LaHowe. According to the re
port from Mrs. J. H. Summer, her
guardian. Miss Sharpton has obtained
work as a nurse at State Park Sani
tarium where she will remain until
she enters training at the Columbia
Hospital in September.
BAPTIST EXTEND CALL TO
REV. ESTES
At a congregational meeting Sun
day members of the First Baptist
church here voted to extend a pas
toral call to the Rev. J. Aubrey
Estes of Barnwell. It is not known
at this time whether he will accept.
The First Baptist has not had a pas
tor since the resignation of Dr. F.
O. Lamoreux some months ago.
Judge Neal W. Workman address
ed the Baptist at the Sunday morning
service.
POOL IS OPEN
The swimming pool is open for
swimming from 10 until 12:30 each
morning and from 2 until 6 p. m. Miss
Essie Cook will have charge of the
pool until Otho Williams, the mana
ger, returns to Newberry, May 28.
Life guards will be on duty during
regular swimming shifts.
OH, JOY!
What a joy to get relief from a cough due to
a cold. Get it with Smith Bros. Cough Drops.
Black or Menthol, Sf. Both taste delicious.
Smith Bros. Cough Drops are the
only drops containing VITAMIN A
Vitamin A (Carotene) raises the resistance of
mucous membranes of nose and throat to
cold infections, when lack of resist
ance is due to Vitamin A deficiency.
NEWS FACTS ^GEORGE
NEW YORK,
Willie. Moppe
FORMER W0RLC>S BILLIARD CHAMPION
OFTEN SHAKES
HANDS 1V/TH HIS FIST
To AVOID INJURY TO HIS
CUe-HOLPlM6 FlNggRg/
Pilot Life
Insurance Co.
GREENSBORO, N. C.
Financial Statement
December 31, 1939
ASSETS
FIRST MORTGAGE LOANS $10,145,498.18
Includes $5,058,697.59 government guaranteed
mortgages; balance on basis not to
exceed 50 per cent, of conservative
valuation. ■! -m*
FEDERAL, STATE & MUNICIPAL BONDS 1,521,958.39
OTHER BONDS 1,400,066.28
STOCKS AND COLLATERAL LOANS 1,530,935.46
Bonds carried on amortized basis
listed securities at market value De
cember 31, 1939 or cost whichever
is less.
POLICY LOANS 4,155,309.85
This sum has been loaned to policy
holders of the company upon the
cash value security of their policies.
CASH IN OFFICE AND BANKS 519,073.65
REAL ESTATE OWNED 1,241,275.01
Included in this item is our home
office property.
INTEREST DUE AND ACCRUED 229,595.68
NET PREMIUMS IN COURSE OF COLLECTION 548,299.10
Secured by policy reserves.
ALL OTHER ASSETS 13,667.52
TOTAL ADMITTED ASSETS $21,305,675.12
LIABILITIES
RESERVE FUNDS $18,387,672.00
These funds are set aside as re
quired by law for the protection of
policyholders.
POLICY CLAIMS IN PROCESS OF PAYMENT .. 109.700.45
These claims incurred in 1939 for
which due proofs had not been re
ceived December 31, 1939.
RESERVE FOR DIVIDENDS TO POLICYHOLDERS 332,425.16
RESERVE FOR TAXES 73,239.78
MISCELLANEOUS LIABILITIES 116.661.30
Includes premiums paid in advance
and sundry items, accrued.
INVESTMENT FLUCTUATION RESERVE 610,976.43
MORTALITY FLUCTUATION RESERVE 250,000.00
CAPITAL, SURPLUS & CONTINGENCY RESERVE 1,425,000.00
TOTAL $21,305,675.12
STATE OF NORTH CAROLINA
Insurance Department
RALEIGH, N. C
January 2, 1940
Mr. E. C. Green, President
Pilot Life Insurance Company
Greensboro, North Carolina
Dear Mr. Green:
I have studied with much interest the report of the examina
tion made recently by the Insurance Departments of North Caro
lina, South Carolina and Tennessee, and wish to congratulate
you on the splendid progress and the sound financial condition of
the Pilot.
The report reflects that since the last examination the Pilot has
shown a substantial increase in insurance in force, in surplus and
assets; that your investments are of the best, indicating a sound
investment practice and conservative management, and that your
treatment of policyholders and beneficiaries has been exemplary.
The report is highly complimentary and I wish to take this means
of complimenting your capable officials and personnel on your prog-
gress. AH indications point to a successful future for the Pilot
under its splendid management.
Very truly yours,
(Signed)
DCB:T
DAN C. BONEY
Insurance Commissioner
Pilot Life
Insurance Co,
Greensboro, N. C.
Agents At Newberry
B. E. STOCKMAN and
D. L. DRIGGERS