The Courier News from Blytheville, Arkansas on January 3, 1948 · Page 10
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The Courier News from Blytheville, Arkansas · Page 10

Blytheville, Arkansas
Issue Date:
Saturday, January 3, 1948
Page 10
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PACK TXM BLYTHUV1LLB <ARk.) COURIER NEW* SATURDAY, JANUARY S, 19M Average American Now Lives To Be 65, Plus, According to New Insurance Mortality Table By JUM* Thrulur NBA SUC Cormpendent NEW YORK, Jan. 3. (NBA)—It may stem like a harder job every day to make ends meet. But at least there ii one aide dish of comfort In the present situation. Today'B average American ha« a longer lean oo life than «rer bejort In our history in which h* m»y try to perform that economic miracle. 4 The lone-suspected f«et that Americans ar« living longer these days is now official. Life insurance companies have Just adopted a newly revised mortality table, and the keepers of the longevity box score now figure the average life expectancy at 65.8 years. That's a gain ol 16.6 years in less than half a century. Statisticians say that record has never been approached In man's history and, lltca Babe Ruth's 60 home runs In one yenr, may never be broken. Replace* 1B68 Table The new mortality table is the first official one in this country since 1868. Its appearance is at least partly a public relations gesture. Irate, misinformed policy hold- Is—to Increase a policy's cash value He also Included in his explanation a dozen or so its, huts, and exceptions. The prospect of a longer life may encourage you to delve Into the study of them. Your own Insurance agent will probably be glad to try to help you understand them. You should live so long. Non-Stop Refilling The frigate 'bird refuels while nloft. One of the fastest of al birds, It secures IU food in unscrupulous manner, by diving a other birds, causing them to drop their prey, which the frigate bird ers had been complaining that It was ridiculous to base their pi-em iums on an 80-year-old forecast of life expectancy, and that the> were getting gypped: advancing length of life pretty well, lee have been keeping up with t!ie' advancing lenkth of life pretty well even though the 18(58 table was still the basic oiie. They did tliis by wlmt they call "weighting:" that is, they studied various medical and mortality reports, evaluated tlielr own and other companies' experience, and made continuliiR RrtjustmenUs which they tell were pretty accurate. But now the 65.8 figure Is on the record book for all to see. One company at least thinks that, with the advance of medical anci sanitary science, fulfillment or the Biblical promise of three score and ten isn't more than a decade or two away. (Actually, archaeologist*, mathematicians and other scientific snoopers, flying in the face of the Scriptures, say that life expectancy In Biblical times was only about 22 years.) A lot of people are wondering now what tangible benefits, over and above social security, they arc going to get from this promised longer life. Among other things, they are wondering about the cost of life Insurance. , Rates Increased • The Insurance people saved • up I this nice little longevity surprise to spring along with another one which U unavoidable but not so pleasant. The rate of earning on life insurance Investments—and most other safe Investments—has been declining while tmt life expectancy has been rising. It has gone down from 5.25 per cent in 1925 to 2.92 per cent at "present. A general practice of life Insurance companies has been to guarantee the holders of participating policies around 3 or 314 per cent interest. But with their present earnings they feel this is unsafe. So, on or before Jan. 1, the great majority of them will scale down the gunr. anteed rate to 2}1, 2V4 or even 2 per cent. An insurance statistician offered to try to explain what all this means, He spoke slowly and cautiously and used short words, in the optlmlstlr hope that a layman might understand. A lower guaranteed inlcrcy. rate, he said, would tend to increase premium costs on new policies. At the same time, the new mortality rate would tend to decrease them. Net result: not much change. He also emphasized premiums wouldn't be affected on existing policies, although dividend. 1 might be a little less on the participating kind. There is one other change, which has to do with a different way ol computing the cash surrender value of a policy. An explanatory pamph- j let which the statistician passed along said of this step that "companies will recognize he equities to policy-holders in dealing with the situation that results from the use of the Interest differential." In case it still Isn't clear, the statistician said this new proced ure would tend—another tend, thai catches in mid-air. English Cowboys The three Payne toys, Ixmord, Dennis and Fred, play with cowboy equipment in their London, England home, while waiting to sail for the U. 8. : to make tl.elr homes with their parenls at Mrs. olga Webert ranch near LaMarque, Texas. Mrs. Weber lent the cowboy outfits to the children. (NEA Telephoto.) Arkanstu farm Crop Print Show /ncreote WTTtJ! ROCK, Ark., Jan, 3 (UP) —Price* received by Arkansas term- ers on December » were four per cent higher than a month earlier, he state crop reporting .«rviee aid today. The preeent price level s nine per cent «bove a yeex ago, the service laid, "only three per cent below the all time high established n October of 1941 and five per cent above th« prevlou* high of May, 920." The service »»w that all commodities recorded increasea except meat animals and fruit* which were unchanged from a mont) earlier. Increase* were as follows: food grains, « per cent; feed grains and hay, 4 per cent; cotton, 8 per cent; oil bearing crops, 8 per cent; dairy product*, eight per cent; poultry and eggs, 8 per cent; and miscellaneous, 2 per cent. Town Present! "Messiah" LindsbOrg, Kansas, is famous al over the United StaUs for It* Eas ter festival and singing of "The Messiah." Each year the towns people present Handel's "Messiah, with great artists imported for sol parts. Read Courier Newi Want Ads. Too Much iie excitement of preparing for v Kew Ye«r» Eve was Just a lltlle too; much for Louis Acerra, n- month* old, but !>• was expected to t^ In rjfht frame of mind to trett the New Tear when the time , «rrly*d. <NEA P Telephoto). AT LAST I Will Begin Moving Out of the Alley SATURDAY JANUARY 3rd From the bottom of my heart I want to thank those loyal friends who so graciously waded through the traffic of "Edwards Alley" to assist me "over the hill" I should not have been forced to climb . . . and again, friends, thank you. i WE WILL BE CLOSED MONDAY and TUESDAY Basketball Uniforms We have them in itock at competitive prices There's no basketball made —better than MacGregor Goldsmith! Concrete Tile Sewer Tile il»s 4, « and I Inch Culvert Tile Stiee 1«, 12, IS, It, tl, M, N and 3t Inch A. H. WEBB Hmj. 61 at State Line Phono Blytherllle 114 PRESCRIPTIONS Fresh Stock Guaranteed Best Prices Kirby Drug StoreS City Radio -Service- Dial 2407 'Pot Expert Repalre 124 East Main BL Felix A. Carney RADIO REPAIR 1 AND 3 DAI SERVICE ON ANY MAKE OR MODEL. HE- LIABLE WORKMANSHIP. PHONE 2642 We call for and Deliver FRED CALLIHAN Electrical Appliance Co. Authorized Motorola Radl* Sales and Serrlee 106 South First St. FOR ELECTRIC WORK *Call 2397* —FOR— • Bob Powell • T. W. 'Hop' Neil We specialize In house wiring, farm wiring, motor repair and applianA installation. ^ BOB'S Electric 500 N. Fifth St. Blytheville. Ark. Step on it! Bring down-" trodden heels, worn soles to us. Swift, expert service H.flLT€RS n QUflLITY SHOE SHOP 121 W. MfliN ST. FOR SALE Concrete Building Blocks Aquella Water Proofing Paint 12-48 inch CONCRETE CULVERTS plain or reinforced Osceola Tile and CULVERT CO. We Deliver Phone 691 January 5th and 6th Don Free Delivery Call PICKARD'S GROCERY Phone 2043 1014 Chickasawba BOB MALONE Plaster and Stucco Phone 2029 New Location -124 West Walnut SI. Former Home ol Still & Young Motor Company SAME OLD PHONE....3382 Is This the Day After Wash Day? DM yon catch » cold hanging out that wet wash? Does jour back ache from ironing Save yourself hours of discomlort and doctor bills. Send your laundry to us. Finest service—prompt deliver in—easy on the budget. Call Us For Both Laundry and Dry Cleaning NU-WA LAUNDRY CLEANERS Phone 4474-4475 Still & Young Motor Co: Lincoln-Mercury Dealer Phone 3479 BlytherilKs Ark. 112 Walnut 9t

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