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Newspaper
Covington Republican
Location
Covington, Indiana, United States of America
Date
Jul 25, 1912
Page
15
LaFayette Indiana reports a semi annual financial statement ending June 30 1913. It lists assets totaling 776 468 54 with total admitted assets 776 468 54 and balances carried forward 747 260 82. It shows premium income 165 081 43 interest income 19 760 36 and death claims 14 005 00. It notes policy reserves 683 452 00 and unapportioned surplus 86 616 50.
Asset totals show admitted assets 59264.97 and 47426.00 with mortgage loans and surplus figures 29780.00 and 15043.82. Secretary W. W. Lane and Bertram Day signatory noted.
The Indiana Legal Reserve Compulsory Deposit Law ensures maximum protection for policyholders. Lafayette Life Insurance Co operates under this law with policies approved by the Auditor of State. The act requires insured privileges to be stated, sets aside guaranteed premium portions, and mandates investment rules. It specifies bonds, mortgages, and policy loans as eligible investments with strict valuation and oversight. As to Amount of Business.
A Ford Motor Co letter to local dealers denounces circulating reports of special factory prices and confirms dealers must follow contracts. The second part announces incorporation of Homer Sewell Abstract Company in Fountain County with officers Mayer Ward Mayer Dice and Lena Sewell and states offices remain in the Recorder's office.
An ad states Beekien Arnica Salve relieves pain from cat bruises sprains burns and skin injuries instantly. Clinton Me resident E K Chriberlain praises its effect saying it robs injuries of their terrors and it is an equal healing remedy. Priced 25c at local drag store with a siding 4200 per hundred stock offer.
Hyram Smith aged 69 died at his Foster home after a long illness. He lost both legs about twenty years ago when struck by a train at Danville while crossing in a farm wagon. Funeral services were held Thursday with interment in the cemetery north of Foster. See us for your stationery.
Sunday June 27 a surprise dinner honored Ruby Parks on her fifteenth birthday at the Dunlap farm near this city. Seventy guests enjoyed auto riding games and music. Ruby received many gifts including a gold bracelet from her grandparents and parents. Attendees from afar included Mr and Mrs Charley Kell Attica Mrs Dunlap and Mr and Mrs Harris Danville.
Ground was broken Tuesday for the Carnagy Library at Fifth and Crockett. Contractor Chas A Brown will oversee excavation by Sheriff Van Martin’s crew, with Attica brick specified and a mid February completion target. The site, chosen by the committee, is deemed ideal and funded fully.
Lightning struck the Cromer barn opposite the Benson church on Wednesday afternoon and caused a fire that levelled the new structure. The barn housed baled hay and grain and was a total loss though partly insured.
Mrs Margaret Kennedy born June 8 1857 in Clinton Indiana died July 22 1913 aged 56 years 1 month 14 days widow of John Kennedy She lived in Perrysville and Urovington and had three children Edward Danville James Indianapolis and Mary Paddy McMahon pasture fire southeast of town started by a cigarette prompted neighborhood alarms on Wednesday morning
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