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THURSDAY. AUGUST 11. 1949
THE JACKSON HERALD
J 9
$1.50 A YEAR IN ADVANCE Official Organ of Jackson County
PUBLISHED WEEKLY John N. Holder .Editor
Entered at The Jefferson Post Office Mrs. John N. Holder Asso. Editor
As Second-Class Mail Matter JEFFERSON, JACKSON COUNTY, GA.
ALONG THE HU
No one asked us to write that
which follows. Not one penny is
received for these statements about
Life Insurance. We seil space to life
insurance companies as well as oth
ers, but the facts given below are
not to advertise this business.
Whether life insurance is a wise
investment is left to each individual,
gsoup or business, to decide. We
are seeking to give the public some
information on a big subject—Life
Insurance.
The information we give is taken
from the Institute of Life Insurance
and we presume it is correct. Life
Insurance is one of the biggest of
the different kinds of big business
in the world. People believe or seem
to believe in it, for the total amount
of insurance carried by the people
of the United States is two hundred
0
and two billions of dollars. This is
Life, Group and Industrial com
bined. Life Insurance alone is one
hundred and thirty-two billions of
dollars. Life insurance is either a
wise investment or millions are de
luded.
As for life insurance ownership,
its growth has been almost uninter
rupted as far back as the records go.
Nearly eight times as many have
life insurance now as in 1900. Four
out of five American families are
now protected. For three years, new
insurance purchased each year has
been more than twenty billions of
dollars. This business has grown by
leaps and bounds.
Benefits too increased in 1948
along with the growth of insurance
ownership. The total of all bene
fits paid to U. S. families in the
year was nearly s3*4 billion. This
was more than a quarter of a billion
above 1947. Death benefits alone
were nearly sl% billion (45% of
all benefits), although the death
rate itself was the lowest on rec
ord. Payments to living policy
holders, called "living benefits,”
continued for the tenth year to be
the larger part of life insurance
benefits. The 1948 total was over
SI % billion. '
Purchases of new ordinary insur
ance in 1948 were 66 % of all life
insurance purchases in the United
States: They were §ls billion, about
2% less than the 1947 figure, al
though still very near the record
setting totals of the past three years.
1948 purchases were one and one
half times the annual purchases of
1941-1945.
There is anew kind of insurance
which payi the insured a stipulated
amount each year after he reaches
a certain age. This is known as An
nuity insurance.
JdvtrtUengnt
from where I sit... 61/ Joe Marsh
What Makes
Democracy Tick
Every Spring we have “Clean-up
Week” in our town and it sure
spruces the place up. Things like
trash piles in vacant lots, or a dead
tree limb hanging down over the
sidewalk are reported to the prop
erty owners by a committee.
Everyone co-operates. We sel
dom ever have to send Tom, the
policeman, around for a little talk.
And naturally, everyone benefits,
too. It makes our town more pleas
ant to live in—and it’s good lor
business ... attracts people.
Our tavern keepers here have
In recent years, annuities have
grown rapidly. At the end of 1948,
more than three and a half million
of such contracts were in force with
U. S. life, insurance companies.
These annuities will pay annual
incomes of nearly sl.l billion. Of
the number of annuities owned,
61% were group annuities, 34%
were individual annuities and 5%
were supplementary agreement an
nuities provided under life insur
ance policies.
As against the "2.2 million people
with group annuities providing for
$440 million, there were 1.2 million
individual annuities providing $571
million annual income. The 183,000
supplementary agreements provide
SB4 million annual income. In 1948
there were 660,000 annuities cur
rently paying out $253 million of
annual income.
In 1948, about $3 Vi billion of the
new life insurance boaght in the U.
S. was on the lives of women. This
was about 15% of the total. Women
were insured by one-tenth of the
new ordinary insurance and well
over one-third of the new indus
trial insurance bought during the
year. In addition, a share of the
new group insurance was on wo
men’s lives.
Insurance on the lives of children
has grown steadily in recent years.
More and more American families
now start thrift programs for their
children at an early age. About
$3 billion of insurance on children
was bought in the United States
during 1948.
Of the 1948 payments to policy
holders and beneficiaries, 45% were
death benefit payrrjents. One and
one-third million policies became
claims during the year, and the to
tal paid out was nearly §1.5 billion.
This was an all-time high, even
though the death-rate was at a rec
ord low. The reason death payments
increase is that more life insurancei
is in force and the policies in force
get cider each year.
Of the month’s death claims, 63%
of the policies, and 88% of the
amount were on the lives of men,
while 37% of the policies and 12%
of the amount were on the lives of
women.
Of the beneficiaries, 65% were
women and 26% were men. The
balance of 9% were cases where
the proceeds were divided among
several beneficiaries or went to
estates, trustees or others, in which
cases women would also often be
the eventual beneficiaries.
Widows received the greater part
of all death benefits. The survey
showed that wives were named in
much the same system, only every
week is “clean-up week.” Through
the Brewers’ Self-Regulation Pro
gram, the Brewers and the tavern
keepers co-operate in seeing to it
that places selling beer and ale arc
kept clean and law-abiding (with
no trash around).
From where I ait, that's real de
mocracy at work voluntarily co
operating and governing our tel res
tot the common good of everyone.
Copyright, 1949,I’nittd States Brtwtit Foundation
The Jackson Herald, Jefferson, Georgia
37 % of the cases, children in 23%,
husbands in 12%, and multiple
beneficiaries, estates, institutions,
or others in 28% . (The latter include
trustees and other intermediaries in
the distribution of benefits.)
The greater part of the death
claim payments w-e under small
or medium-sized policies.
Our suggestion to tnose who buy
insurance is to provide that it be
paid up in 10, 20 or a definite num
ber of years. We have a small policy
that was paid up in 1916, while we
have an ordinary life poicy on which
we have been paying premiums for
39 years. We have no policy pro
viding for annuity. This is a plan
of insurance somewhat new. We
have no annuity policy, we cannot
get a pension, we have no social
security and we are not eligible for
any rocking chair money. So it
seems we must continue to work.
We then make this suggestion to
people who are contemplating tak
ing out life insurance, that is to
have a limited number of years in
which to pay on policy, and be sure
and have policy provide for an an- 1
nuity. .
It's easy fo see why you save with our real ~ /
Ford Service. Where else could you find Ford- "I \ g3fe
j|j|^
H it's new parts your car needs, get
1 f3h&&SjrJ[ "“"o s * V B Ford Ports. Because they're mede right to
l - 1 ' t~ 1 > 1 fit right to last longer, you know the repairs
\ ~~~~or ~— " • —'- ~ will stay fixed and save you the time, trouble
sa&t*^ML9- V
Voj c-r be sure of finest Ford Service because I 1- ' I • J U
\-e Fo-d Dealers use Factory-cpproved Methods. I /
s-t-r-e-t-c-h your Ford’s life and give you l / yjjr\ • I *' *" '.M T
trouble-free driving. You’ll be wise to come VvV ~ i * . t y: ,
"ome for these 4 advantages of our real J o ' :r*j -
f Ford-trained Mechanics iASi ffv
Genuine Ford Parts Wf wf i
zzzzzr fORp Dealer Service
ESTIMATES FREE-USE OUR BUDGET PLAN
Jefferson Motor Company
Lee Street Jefferson, Georgia
Jackson County’s Board of Regis
trars consists of Claude E. Jackson,
J. P. Mahaffey and Harold Van-
I diver. No county has a more capa
ble, fair-minded and conscientious
Board than Jackson. These men
1 have issued a joint statement as
J follows:
To the Voters of Jackson County:
Because of misinformation, mis
understanding and confusion re
garding registration under the new j
law, we wish to state that it is not j
difficult to register. Reading and I
writing a simple paragraph "of the
Constitution or answering correctly
any 10 of 30 simple questions of or
dinary' knowledge, is the only re
quirement
The law requires that any one
who is not able to read and write
and who wishes to qualify on the
basis of good character and the un
derstanding of the duties of citizen
ship under a republican form of
government shall appear before the
full Board of RegistrarS 1 .
The entire Board is in session in
the Court House this week.
Please come in and register if
you wish to vote in any future elec
tion.
FOR ATHLETE'S FOOT
USE T-4-L BECAUSE
It has greater PENETRATING
POWER. With undiluted alcohol
base, it carries the active medica
tion DEEPLY, to kill imbedded
germs ON CONTACT.
IN ONE HOUR
You MUST be pleased or vour 40c
back at any drug store. Apply FULL
STRENGTH for athletes foot. F. O.
(foot odor), itchy or sweaty feel. To
day at MOORE & ELLINGTON'S. I
Uncle Sam Says
TAt| > U $y A
ggggggg
r-RiWTE-O SPY
lOOO|
rjMMgyj
50 ip
i
There are six revered ex-Presidcnts
readv to help send your son or daugh
ter to college. For it is their likenesses
which appear on six L. S. Savings
Bonds. They are President Abraham
Lincoln on the SI,OOO Bond; Wood
row W ilson on the SSOO Bond; Frank
lin D. Roosevelt on the S2OO Bond;
Grover Cleveland on the SIOO Bond;
Tbomaa Jefferson on the SSO Bond:
and George Washington on the $25
Bond. Any of these Bonds will pay
yon $4 for every $3 invested in ten
short yean.
U.S. Treasury Department
A perfect peached egg is tender,
upstanding and compact in shape,
rough edges, say experts.
EDWARD H. SHANNON
OPTOMETRIST
212 South Main Stract
GAINESVILLE. GA.
JEFFERSON LOAN & INVESTMENT CO.
CONFIDENTIAL SHORT TIME LOANS—SS.OO TO $50.00
Opposite Court House, South Side Phone No. 30
WM. H. SPRATLIN. JR.. Mgr. JEFFERSON. GA.
THE LORD REUNION
The annual Lord Reunion f or
1949 will meet at Black’s Creek
Church, four miles East of Com
merce, Ga., the first Sunday
September. All the Lords, their rel
atives and friends, are cordially m _
vi*ed to meet with us. Everybody
bring a basket of dinner and let us
have an old time basket dinner and
a good day together. We will meet
at 10:30 o’clock, E.S.T. *
Sam W. Lord. President.
John H. Lord, Secretary.
CLYDE LANGFORD
GRANITE AND
MARBLE COMPANY
PHONE 400
Commerce, Georgia
Deal with the Man that
Owns and makes
them himself.
25 YEARS EXPERIENCE
DEAL AT HOME
SAVE DIFFERENCE