OCR Interpretation


Edgefield advertiser. (Edgefield, S.C.) 1836-current, June 09, 1915, Image 2

Image and text provided by University of South Carolina; Columbia, SC

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn84026897/1915-06-09/ed-1/seq-2/

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NINTH ANNUAL STATEMENT OF
Southeastern Life Insurance Co.
GREENVILLE, S. C.
Year Ending December 31, 1914
Gross Income - - - - -
Total Disbursments - - -
Death Claims Paid - - .
Excess Income Over Disbursements
Surplus to Policyholders (Gross) -
Mortgage Loans.
Gross Assets .
Insurance in force ..
1909
I 98,996.66
73,389.03
27,000.00
25.657.68
'$ 84,420.06
144,510.00
199,087.04
2,551,955.00
1914
5 243,797.14
151,177.91
81,106,00
92,619.23
S 111,831.52
386,087.52
605,858.28
7,611,806.00
ADMITTED ASSETS
Real Estate ... - $ 6,908.03
Mortgage Loans - - 836,087.52
Policy Loans and Premium
notes not exceeding re
serve - 154,869.55
Stocks and Bonds - - - 40,025.00
Collateral Loans, etc. - - 1,625.10
Cash - -. 33,188.77
Due and Accrued Interest 5,271.28
DueandDeferredPremiums 19,043.62
Total Admitted Assets - $597,018.87
NON-ADMITTED ASSETS
Excess of Policy Loans,
Premium Notes due and
Deferred over Mean re
serve on Policies - - ?
Agents Balances and Bills
Receivable ... -
All other Assets - - -
Gross Assets
3,924.33
915.08
? 4,000.00
$605,858.28
LIABILITIES
Policy Reserve (Net) - $464,811.00
Death Claims (Proofs In
complete . 7,000.00
Installment Death Claims 4,892.00
Premiums and Interest paid
in advance - - - - 14,910.87
Taxes. 1,062.45
Accrued Expenses - - - 670.80
Commissions Due Agents 1,180.14
Capital and Sur
plus Dec. 31,
1913 - - $116,808.75
Increase in Sur
plus in 1914 13,177.77
$129,481.52
Guaranty Fund
returned dur
ing 1914 - 18,150.00
Capital and Surplus - $111,381,52
(Including$8,889.41 of non
admitted assets shown)
$605,858.28
Insurance Written in 1914, Paid-for Basis - - - -
Insurance in Force, December 81, 1914, Paid-for Basis -
$1,800,000.00
7,611,806.00
Insurance Departments
of South Carolina
Fitz Hugh McMaster
Commissioner
Colombia, S. C., Jaaaary 6, 1015.
Mr. T. O. Lawton, President,
Southeastern Life Insurance Company,
Greenville, S. C.
Dear Sir:
Your annnal statement for the year ending December SI, 1014, is received. You
are to be congratulated upoo the prompt making of your annual report five days after
the end of the year, and particularly are you to be congratulated upon the showing you
make. To increase your assets in one year, especially such a year as we have had, from
$476,074 to $596,982, a net increase of 20 per cent, is an excellent showing.
More particularly are you to bj congratulated upon the fact that during the year
you retired your guarantee fund of $18,150, and yet show a surplus to policyholders of
$102,455, $100,000 of this being capital stock and $2,455 being unassigned funds and
general surplus.
I congratulate you upon the showing made. You company now ranks as one of
the leading financial institutions of the State, and I wish you continued and abounding
success.
Very truly,
(Signed) F. H. MoMASTER,
Insurance Commissioner.
We call your especial attention to the above statement, and letter from Hon. F. H.
McMaster, Insurance Commissioner. You will readily see that the Southeastern Life
Insurance Company is making a record that absolutely warrants the consideration and
praise of all public spirited and loyal South Carolinians.
It is startling to note that during the past year, between five and six millions of
good South Carolina dollars left this State in payment of Life Insurance premiums.
Can you imagine what a drain this is on the resources of this State? YOU can help us
stop this tremendous outflow of cash by buying your next policy in our good Company.
OUR RATES ARE LOWER and we KEEP EVERY CENT OF YOUR MONEY
RIGHT HERE AT HOME.
Before you buy your next insurance policy, kindly give us an interview.
Southeastern Life Insurance Company
C. M. MELLICHAMP, McCormick, S. C., R. F. D.
Soathern Railway Schedule.
Premier Carrier of the South
Reduced Fares From Edgefield
8. C.,
#13.40 Charlottesville, Va. and re
turn. Account Summer School,
U- of Va. Tickets on sale June
SO to 28 inclusive. Return limit
15 days with privilege of exten
sion to Sept. 30, 1915, by depos
iting and payment of fee $1.00.
16.05 Rock Hill, S. C. and Return
Account Winthrop College Som
mer Sohool. Tickets on sale
June 14, 15, 18 and 30, July 1
and 2. Return limit July 31,
1915.
110.50 Knoxville, Tenn, and re
tarn. Account Summer School,
TJ. of Tenn. Tickets on sale
June 20, 21, 22, 26, 27, July 2,
J, 10 and 17. Return limit 15
days with privilege extension to
Sept. 30, 1915, by depositing and
payment fee $1.00.
17.10 Blaok Mountain, N. C., and
Return. On sale special dates in
June, July and August 1915, ac
count various meetings. Inquiie
of agents for details.
Also Summer Tourist Fares to
moy resort points. For additional
information communicate with
J. A. TOWNSEND, Ag't.
Edgefield, S. C., or Magruder
Dent., Dist., Pass. Agent, Angus
is, Georgia.
Light Saw, Lathe and Shin
gle Mills, Engines, Boilers,
Supplies and repairs, Porta
ble, Steam and Gasoline En
gines, Saw Teeth, Files, Belts
md Pipes. WOOD SAWS
md SPLITTERS
Gins and Press Repairs.
Try LOMBARD.
AUGUSTA, GA.
Chero-Cola
THERE'S" NONE SO GOOD
Means a pure, wholesome, refreshing beverage
that is popular with those who play the game
and with those who witness it?
CITY
Pressing Club
I have opened an up-to-date press
ing club in the front room over the
store of Dunovant & Co., and are
prepared to do cleaning and pressing
in the most approved manner.
In addition to cleaning and press
ing men'it suits, we give special at
tention to ladies' garments. Give
us a trial. Satisfaction guaranteed.
We make a Specialty of
: Palm Beach Suits
H. T. HAMILTON
Proprietor
BITTERS Family Medicine.
CORTRIGHT
??Q METAL SHINGLES
j| Have lasted 28years, Stormproof
and fireproof all the while
and still in good condition.
Thats tke kind of roof you want.
\Use them anddo sway with
Roof repair
bills."
THE DURABLE R?
for Sale fy
STEWART & KERNAGHAN
EDGEFIELD, S. C.
r
? J. C. LEE, President F. E. Gibson, Sec. and Treas.
I FARMERS, MERCHANTS, BUILDERS,
If you are going to build, remodel or repair,
we invite your inquiries.
COMPLETE HOUSE BILLS A SPECIALTY.
We manufacture and deal in doors, sash, blinds
stairs, interior trim, store fronts and fixtures,
pews, pulpits, etc., rough and dressed lumber,
lath, pine and cypress shingles, flooring, ceiling
and siding.
Distributing agents for Flintkote roofing
Estimates cheerfully and carefully mane.
Woodard Lumber Co.
AUGUSTA, GEORGIA.
Corner Roberts and Dugas Streets.
Our Motto: ?S
NO ADVANCE IN PRICE
SLUSKY'S ROOFING MATERIAL
ON ACCOUNT OF WAR
Our materials have advanced considerably, but having purchased im
mense stock before rise of market, we are offering the SAME AT
TRACTIVE LOW PRICES as formerly. Get our prices on METAL
SHINGLES, TIN PLATE, GALVANIZED CORRUGATED IRON and
RUBBER ROOFING, Etc. It will pay you to buy NOW as prices will
never be lower.
DAVID SLUSKY
Phone 100.
1009 Broad Street
PILES
Cured-no cutting, no pain, no danger, no detention,
from business. Testimonials furnished from people
YOU know. Call on or write me for paiticulars and
information regarding my advanced method of treating
Piles, Nerve, Blood, Skin and special diseases of men
25 years' experience. Consultation Free. DR. W. R.
and women
REGISTER, 506 Union National Bank Building, Columbia, S. C.

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