Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1944-01-29


chievement," was the keynote of
President Spaulding's goth annual
report ON the occasion of the 45th
Annual Policyholder's Meeting of
North Carolina Mutual Life Insur-
ance Company, Monday, January
10.
In the course of his remarks, tri-
butte was paid by Mr.. Spaulding to
the life insurance companies of A
merica and the services they are
rendering. Current protection Of
the American family has been en-
hanced,'' he stated, reserve streng-
TIL for postwar needs provided, and
the, initiation movements supported
by diverting surplus earnings into
worthwhile savings through invest
ments in life insurance"
High commentator was accord
ed the National Negro Insurance
Assoeia ton and the indispensable
service 1t Is rendering the economic
life of ) the Negro. THE several
companies that make up the Asso-
citation, " stated President Spauld-
ing, have demonstrated concii-
siyely that the Negro, like other
groups. possesses the ability to or
ganize, promote, ana manage sue
cessfully institutions of major pro-
portions and Of national scope
He stated that while the insur-
ance in force on the books of these
companies totalling nearly a half
billion dollars did not give COM
plete picture of the scope and ex-
tent of life insurance activities a.
mong Negroes in America, it never
theleSs indicated a constantly grow
ing ability on the part of these in
situations to supply this vital adj
junct TO the economic well being of
the race.
IMPACT OF WAR ON BUSINESS
GAS a result of the wholesale dis
location of manpoWer, and the con-
version of the nations economy to
a wartime basis, those engaged in
uiiC liiC ilioll dliCC btSitlcSS WtIC
forced to meet the shock OCCASION
ed by this change. North Carolina
Mutual accepted the challenge" it
was stated, land despite the many
problems encountered, established
records that made 1943 the most
outstanding year in the company's
A years operation. With an agen-
cy staff of some 634, including 172
women, the total weekly debit of the
company was increased to over $685.
600 with total premium collection
for the year of more than 4 million
dollars Mr.. Spaulding stated that
although the audit and recheck of
the reports for the last week in 1919
had not been completed, it is indi-
Gated that all other phases of Cp-
Grafton will show equally favorable
trends.
TRIBUTE PAID SERVICE MEN
1t was revealed that at the close
of l943, 142 Of the company's en-
ployees had been indicted into the
armed forces of the Government.
many of whom are engaged in ov-
er-seas service. In testimony of the
companys appreciation of the pa
triotism and loyalty of these Mutu-
alites and millions of other service
men and women, it was stated that
during 1943, North Carolina Mutual
invested $971.258 in United States
Bonds, with par value of S1,o03,-
100 bringing its total in United
States Bond investments TO 1885,
744, with a par value Of $2,015,3 300
DIVIDENDS TO
POLICYHOLDERS
"On this occasion, the 45th Annu-
al Meeting of the policy holders of
North Carolina Mutual. I have the
authority and the happy privilege"
said President Spaulding. ito an
nounce that after paying all claims
presented, and all other operating
expenses due, and after providing
for setting aside the full amount Of
policy reserves required by law and
special contingency reserve for all
known and anticipated liabilities Of
the company, a portion of the sur
plus has been set aside for the pay
ment of dividends to posicy holders
of the company on the anniversar-
les of their policies during the di-
vidend year beginning April !. 1914,
according to the provisions of the