Evening Star Newspaper, May 16, 1921, Page 27

v 3 FINANCIAL. 10 RECOVER BONDS INFIHTERS h Controller Crissenger Seeks Information—Busy Day at Bank—News Notes. BY L A, FLEWING. Controlier of the Curr has sent out a tio re liberty honds b anks of men in the which only p en It i< within ties therc ren price for part t tion. Big Day at Bank. Pusiness at finda some other wa meeds. It will be ri Reynoids, the Chicaso t address here, re withdraw: stitution no i that nker, in_ his Treasury certificate issue. The Cost of the War. Ermnest L. B ssor of eco-| nomics in th: to his own sa the world w formerly tra Department here, and on economic matters ! He has just finished “War Costs and Their Financin the cost of the has computed, | B at $205,- being 2l 018.160,600 to The United Stutes T an expenditure of $32,050,2: the end is not for the inte continue to accumulate. An Important Movement. | The Federal Reserve Board has made it plain that regional banks may purchise six months acoeptances | an the open market. This is an fm- portant step in aid of foreign trad. Banking practice has been to issu- 8ix months accepta sixty days, when they ted with ¥ ru Lmit of rv being the practical bank's purchases. With the six months rule working there should bo a o crease in acoeptances o the volume of the re buying. England Again Paying. Great Britain is turning over $17,- $30,000 to tho governmen: today, re- paying the special loan mads when the Pittman act permitted the sils of-silver bullion. 5,620,000 on the same account was paid in April. REGRETS LOW SA'ARIES. Health Officer Fowler Accepts Res- ignation of Dr. Norris. Begret that the District fs unable to pay ad~quate smalaries to I's em ployes and techni, tderable in- d and in Ve Eystem's Fowier (i liite Offierr Jotn i, latters roaly Dr. Norris re caume the servien o positicn. amsistant he Tol mervice K Lries ghe 0 retuis workers, | ty s wtent EFPINED 8UGAR QUIET, | XEW YORK, May 16 The . 1|Y“ MArket Lor raw sugar was unohanges WML 562 tor Lortn it centrit | 4 et 3% cents While Cislias wer eost and freizhi, trifugal, No fro- CHICAGO 1V CHY LG, Pureasn of b Sliers 4.5 1 pustirs, 5 4 @466; bull far ‘L largeiy, %L 4 8690541 Hoygs antive, Satnrday . 36,606 head w15 I fuirly £r than | She i o Wlher: olirs Tu 5 1o choie @it 4 snrn 116 g was | i i e sibad IplE. lsass (eiabe er, T84 Janauie, May. 1986; 13.38; Depen e | [NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Cor Corn Froducts » the ‘serious | ¢ Del & Hur Del L i sast 965—and | Gen Asphalt. charges | Ge Intl Mer M Iatl | 1nt1 Nicker ! Intl Paper. 2v & Rio G pf. Candy.-eeeee ck & & Rio ¢ on Williams.. ates Steel. . & Barker. e Mfg. Mer Intl Paper (8ta) ... T Invinetble Ofl.. Isiand Ofl. ... | Kanmas City fiow. . [ Keliy-8pring Tirs, 44t Kall pring 8% pi 1674 By Keluoy Whesl. ... bl Let oW ian wecott., . atone Tire. . ackawanna Btsel Gas, kh Valley rEott 4 Myers pi ey weil Motors. an Pete, ta Copper..., 12 OrTex & M. .. evolopment, e O e (1), 1 & Singham slvani s Jor e v Petroteum Arrow. . wonf.. a Alewre Sug. 217 1875 I3 1% 7% o % 21 a1y 227 4% Bd 2% 41 L High. Lo 101 105 4% wh L% *4 0% 2] 4% 13% 71 2 " { Indicate LI « | Tenn Copper. “W0L) MO UMH Royal Dutch. .. L & San Fran. . L & San Fr pf St Louis Southwn. anta Cecilia Sug. on Motors..... rs Roebuc ‘neca Copper. . .. hell Trad & Tran. Southern i’ Southern D and OIINT p & Tube pf Stewart-Warner. . Stromberg Carb Studebaker Superior Oil . Superior Stee] Tobacco Prod. Trans Contl Oil . Union Oil.. | Union Pacific | Union Pacific pf. {United Drug. | United Fruit. . 5 | United Retail Strs. {US Cast Ir Pipe. . | S Food rod. . S Indus 1005, 18 21k ) Securitie anadium Corp. Jash pf 2 tern Md. n Md | Westarn | Westhous | Whecling 10 White Motor. 3 White Oil.... 1a% 1% 13 Willys-Overla 8ty ) jWillys-Ovldpf.... 20 200, 20 30! Worthington Pmp. 5% 51'i 8% 50% High. Low. Last. CallMoney..... 6y 6o 6% HOURLY SALES OF STOCKS. Ilam..... 198200 12 m. 345 500 Ipm..... 42880 2p.m..... 506600 EDISON WANTS COLLEGE MEN WHEN AVAILABLE But He Is Amazed “So Few Can Answer His Simple Questions." YORK questions,” he ¢ about 6 per cent of n were s A men. have been criticized by the col- * professors who evidently mis- understand my purpose. 1 like col- lege graduates. I want to get them to work for me and I do get them, hut the strange thing about it ie that S0 sm number can answer simple questions The newspapers don't some of the an nd agree on wers and the editorial ¥ mv question- t oontain the tvpe of at collezn men ean readily I can't understand that, be- + the questions have been of a D. C, MONDAY, MAY 16, 19T FINANCIAL. Noon prices reported to The Star over direct New York-Washington wire by Bedmend & Co. WASHINGTON STOCKS ARE UNDER .72 of G. B and Irelani K. of G R and 1 TR and T 110 K of G and 1 | American o1 and 7.1 rm. Ar Bears Busy in Motors, Oils, Steels and Other Stocks. & 0. qias . son. Topeka and i Conct 1 s niie Refining Co. Gl 1931 and Ohin coriy, 4 Paper Firm. ethishen "Sieet i 3 1 RBY. STUART »". WEST. Central Lea NEW YORK. May 16—In a stock Chesapeake: and O market looking for some new influ- | Chosapenke and Ohis omy ence the Silesian embroglio was quite | Chesaprike and Oh Chi., Rur, and i welcome. 1t furnished a new excuse | Chil Mil. and SE Paul refd for professional speculators to renew | nd §t. Paul conv. 4 thwestern 7s 1930 their activitjes « o i Chi, Ch on the short side. - Rock Inlund and Pucifie refds. These effarts mot with success in |hitago Tnion Station 6iga some dircctions. while in o they did not. Iicrce-Arrow proferred broke to a new low for the year, and the common stock was very weak on re- iteration of unfavorable reports re- |fimnd garding the troek business of the |yt 3 company Tnter. Transit 1<t and raf. 3. This had an unsettling effcct upon | Louisvilie and Nashvilin 76 1930, some of the other motor Mo, nd Tes. Tat ds.. > Ol Te ch had heen Iy by outside recent advane this w stocks. s Con The n i oo in their ct of | e i s i 6loe . would | 3 S ar tha o son 114 mortgage Tonis Touis, ional Harvester, Continen i rnatio e 1l ties Paper was quietly who w ATN AND PROVISTON! LTIMORE, May 16 (Special) — s—White, No. 1, per hundred- | cobblers, 90a1.00; Mc- | 0. 2 40a50; new, sweets, by inti h mizht be per barrel, | some of the 021600 .0025.50. Beans sons which are suf-| creen. pearl and wax, per hamper, well known 2003 Beets. per hunch. 5as. As- | Situation in International Paper. per dozen. 2.00a5.00. Corn, | S i e R e 2.00a4.00. Cabbage, per | nternatic Paper common con- GUcamb s b ed show the same s 1 50; s, ate. 3.50. ngth it has for some time past R S company has b up a surplu 1.00a1 Peas: Jhich is now being used to take care | DET Peppers, per of operations while business e BT Fins R M| low ebb. SR ; A 3 Unless there is a ehange in the man- [ 190 bur ach e E ent the intention is to pay no e 2 2 pe 00 | dividends on the common stock until | Punches. et ) there has been an entire overhauling ples, per barrel, of the federal tax schedules which 24.00: loose, per will make it casier for corporations ht 00a! T | with larger current earnings, R e o To understand why International o005 S Paner o hich outside Strawberri on-dividend paver should it has to be remembered holders of the how P Whea R rrations from 7 that no div- for a long 1o he Harve thing al Riseuit experience remembered that sold in the distributed almost the w had The Sumatra Coup. Sapmerican Sumatra had begun on [ uality. Saturday to show rat cleg ueste 2 ‘partial Tencenmmatio e | bushel; . il et bushel. holdings distributed ot | Ha o. 1 timothy, nominal; stand- ably higher prices. This, with |41 tmothy, 23.00a33.50. No. 2 timo- zed short interest outstand. | N3 Ty e Z, mad, up a ther strong market 1 liout cloverimixea £20500 position and v was much sur. Henticloyerimixaaingon priced ot the of nearby rye, per bushe pot, 1 acc ' ( mpanyine publica- ol lova et B o TI00 ion of reassuring news over” Sindoy No. 2 r 3:00a17.00; bout the condition of the crop in LL00a12.00. BN SIuCclover s 001 the sonth It was pointed out here dy decline last week th ficials took issue twith 12.00a13.00: No. 3, | 11.00a14.00. inal; No. 2| nominal: No.'1 tangied | over, sample hay, ng the s umatra of- the govern- | -ral nature. I would like to get | & auestionnaire that college gradu- ates volunteer to give me. “l want the right kiml of men. Thirty ciass A men out of 500 is too small a ratio. “It has been asserted that the ques- tions are not well adapted to finding out whether the candidates who answer them have the right stuff in them, but those who have passed them are functioning well. “Many of them surprised me by missing the easiest questiona Some of them placed Tallahassee in Ten- nessee, for inatance, “Studying the answers to the ques- tionnaires, it is impossfble to read be- tween the lines and tell something about the kind of a man that 1s writ- ing the answers | “One curious thing is that there {are no Intermediates. Tha candidates No. 2 tangled rye, 1600 wh 5 3.00a13 No. 2 wheat, 12.00a12 0. 1 oat, nominal, 18.00 diseaso and maintaincd that it was only mildew cansed by the weathe 2 5 that was the {rouble with the abaer |#15:90; No. 2 oat, 16.60a17.00. | ¢o plant. But the further statement| CHICAGO, May 16.—Frost reports that Sumatra tobacco was selling at |{TOm varlous sections strengthened the highest prices on record and|the wheat market today, after an would be Still further helped by the |°2SY start. There was a disposition higher duty imposed in the emer|a180 to take a less bearlsh view of gency tariff came as a distinct sur. |Pending leglslation. In this connec- prise. tlon it was pointed out that under There were somes who could not|&0Y circumstances, six months or| help thinking that if this reassuring [more would be required for the pro- statement had been put out toward |P08ed laws to become operative, and the close of ladt meek instead of |that farmer control did not impiy any walting for the market In the stock |decline in values. Opening quotatlons, to turn it would have saved a good |Which varled from unchanged flgures deal of money for Rome ¢ the un-|t0 % lower, with May at 143 and fortunate outslde holders caught in|July, 1.15 to 1.15%. were followed by the slump. a silght further sag, and then by ma- Mathet Cronsiiismes + |terial gains all around. Corn s athized w the late afternoon the markat, 2 5 wheat. After n scem to know a good deal or else nearly nothing. A few get high marks anl nearly all the rest are XYZ." THANK MRS. LONGSTREET Irish Grateful for Her Defense of Cause. A resolution of thanks to Mrs. James Longwirnet, widow of tha Con- foderate general, "for her frunk and honent defenme of the great onuse for which the Irish people aro strug- | Eling” in s speech mmds before tho Grorgis, Eociety romntly, was adopt- | e by the Pudraic H, Yearce bramen | of the Friends of Irish Fracdom at | Typographical Templs last night, Thoman Quinn of Now York, o mem. ber of the Bishop Plunket! branch of the orgmnization, was the other mpeaicor, A_eommitten composed of Danfol J. Quiglay, chairman; John J. Con- oy, W. B, Conten, Inmes Murray, trick ' Quinn, Wililam A. Donohoa, tward P, Mco*aba, Willlam Rinke, Valter 8, Mitchell, M. R O ames Holmes, Mrs, Arthur Do, Tro. M. R. O'Mearm, Mrs. Hurh | Murrey, Mrs, James J. Murray, Mrs Icharl Moinloy anfl the Misses | Agnes O'Connor, Alloa A. Wolf, Ruth #mith, Jomls O'Connor and Mary {Conten was appointed to formulate plane for a dancs to be held in Juna. RECOGNITION NOT LIKELY. Plea of South China Republic to ! United States Turned Down. Recognition of the South China gov- ernment by the United States is not contemplated, it was stated today wurhoritatively, The appeal for recog- nition made Hy Ma Soo, local repre- #eatatire of the new government, has heeni reecived at the State Department be carcfully studied by the vernment cxperts’ on far eastern eut‘ons, but there was nothing to t any action would ba ken further than to file it in the | archtves containing the great mass | of_information on Chinese affairs. ! The communication of Ma Soo was prepared under instructions from Wu _Tingfang, foreign minister of Dr. Bun Yat 8en, who recently was Inaugurated as president of South China. SEATS FOR ELEVATOR MEN. Flevator conductors in the State, War and Navy buliding may sit down Aduring the non-rush hours when the cars are not in use. That privilege permitted moma fime ngo. but mub- sequently waw countermanded by Arst. Supt. Hoover on the ground that it was ubused. Appenl heving been made to Seeretury Weeks, ha suggested that it | bo restored, 1i4 view war that instead of withdrawinz the privileges it was | hetter to permit tha usa of chalrs and | | 1o dixehargs at once any employe who | neglected his duty, NAVY YARD FORCE CUT. ROSTON, May 16. — The working force at (he Hosten navy yard was further depleted today when 400 men, most of theng employes in the hull division, were furloughed. It was said thero was no indication when they would be taken back. The fur- lough is for two weeks, and if a man is not recalled at the end of that neriod he is autamatieally dischargen. Some af those laid off today hud Leon 1n Uhe yard for LWoRLY<youTsy opening unchanged to % lower, In-| under the leadership of Mexlcan | ofuding Juiy at 62% (o 62%, the mar. Totroleum and Internatlonal Paper,|ict weored a moderate general ad. mads a more or leks genernl rocov- vance Oats were governed by the action of | othar cereals, starting a shade mhsg‘ 4 lower; July, 39% to 393%, and then Shorts | hardening somewhat ! Weakness in hog values tended to ery, with a botter tone thronghout tha ofif, which have hnen weak #pots for somn time. Mexican Petroleum croased 149 on tha recovery. covered urgently on the rally. —_———— dapress provisions. WHEAT— Open. IMigh, Tow. Close, Mny . 148 148 148 1.48 | Jul 115 188 Ty 115% CORN— ul . - a2 |y a 61 July ay @x o \ Heptombor .. ATR— July .. .o 89% Beptomier ..... 4084 NEW YORK, May 16—Flours—Un- settled; Bpring patents, 8.25aS. spring clearn, 8.25a7.25; soft winter strajghts, 6.76a7.25; hard winter straights, 8.00a8.50. Pork—Dnull; mess, 25.00225.50; family, 30.00a38.00. Lard—Stead: 10.00. &ui b B 1 I SHOW EASY TREN NEW YORK, May 18.—The $25,- 000,000 governmer.t of Brazil twenty- year % per cent bonds, offered to the public this morning at 971, were promptly oversubscribed. Closing of the subgeription hooks was announcad before the end of the morning. The case with which these Brazilian bonds middle west. 9.90a ARDS | Ciaremont. May 16.—Cattle—Receipts went off contrasted with the com-|far week ended noon today were | paratively siow dlstribution of the|1998 head i _ head ust Sao Pauln fssue and the none top|Woek. Receip -arloads for mar- rapid abrorption of the Chila 8s. It ket for week; 32 carloads for market It(nrl:ly Due to very light receipts, the ket was brisk, with heavy stee hizher; medium to light kind, 25c to 10c higher: bulls and cows, steady to WaS a test on the one hand of the better market for new securities in general and for the more favorable attitude towards South American gov- ernment investments now that the ice has been broken. a_fraction higher. Steers. choice, | Government honds, which had moved o8 s o BRbnt chen s 008s 180y forward last week with the improve- | medium, 7.00a7. ySotuon; 00086 11 ment in the foreign cxchanges, - |Heifers, choice, 7.50a8.00: fair to & affected by the reaction in the ex- |6.19a7.25; common to medium. 5. change rates today and the uncer|6.00. Bulls, choice, 6.50a7.25; fair to tainty infected into the ’ polltical [£ood, 5.50a.35; commen to mediu situatlon by the uprising In Silesia. |4.00a5.25. Cows, = choice, ~6.25a6.7; French §s were the most sensitive of [fair to good. 5.00a6.00; common to any. They had sold last week as high |medium, 2.00a4.00. as 1005, and had left off Saturday| Shecp and Jambs—Receipts for week At 993 They came down (his after, |ended noon today were 12139 head, e STmilartwenkns saion o i 865 head last wee r sup. in the Belgian| p and is of 1925 at 9G at law f point. and the sheep, 2 to 6.7 spring, 110 to 14.25 5 extra lambs, 14.50. e off a point and a_half from their recent top. United| Hogs—Receipts for week ended noon Kingdom i held better. Bothy today were 14,834 head. against 16,998 the loan of 1 ind that of 1937 were 3 light supply, market | quoted the as at the e of .05; medium, ! week. Mexican governments had 70: pigs, 10.05; 1 sharp reaction of from two points | from their high of last week. Sao Paulo &5 were affected by the com- petition with the new Rrazilian bonds and came down from 974 to 96. Weakness in Rails, Railway bonds as a rule were in- elined to sympathize with the heavi- ness in the railway share list. Thoey were down for the most part a quar- ter to a half point in such representa- tive issues as New York Central deb- enture 65, Chicago, Rock Island and Pacific refunding 4s, Baltimore and Ohio 4s and Southern Railway 4s The industrials we Receipts for week ended 7 head. against liboral supply, 10.50; noon toda: f14 head last week ket lower; calves, 6.00 to extra, 10. - MON! HANGE. NEW YORK, May 16.—Prime mer- ntile paper, 6%a7. Exchange easy. Sterling—Sixty-day bills and commer- cial sixty-day bills on banks, 3.95%; mmere -day bills, 3.94%; de- mand, A - more irregu- % s lar. The rubber Tl wero & trifin het | Demand, 848; cables 8 S0, Belgian ter, while the Gondyear 8s were heavy 8 cale o around par. Consolidated Gas 7s were strong in svmpathy with the rise in the stock. The Wiison Company first 63 were unchanged at $6. Packard Motor 85 continued to Demand, Brabillan—Demand, 13.37. Montreal, 10 10-16 discount. Govern- ment bonds irregular; railroad bonds drop, getting down to 971, which was a new low. Liberty bonds were unchangead. BAR STLVER QUOTATIONS. Time loans steady; sixty and ninety NEW YORK, May 16.—Rar silver— | days and six months, 635 per cent. Domestie, 99%; foreign, 59%. Mexi- T T can dollars, 45%. LIBERTY BOND NOON PRICES. NEW YORK. May 16.—Liberty bonds HOLIDAY ON EXCHANGES. at noon: 3148, 88.44; first 4s, 87.54; second 4a, 87.30; first 4(a 87.70; sec- JLONDON, May 18—Holiday on the jond 4%s, 87.8f Tondon, Liverpool and Parls ex- fourth 438, 87.46: victory 3%s, 97.94; third 44s, 90.76 ohanges today. victory 4%s, 97.92. TODAY’S BOND PRICES. were just 4(!: eided .\H"nn . Anh'r!: . i ot Grain, Produce and Live Stock $5,000 Life Policy, $57.35, Age 40. Send date of birth for illustraties d particulars at your ai M. LE RO GOFF, Tnsurance Adviser 610 Wooty =—— 1A SAVINGS BANFK | EQUITABLE |[[F'S : | Co-Operative Building Sinclair Cons_ Ol Corp. T%s 1 Southern Pacific 1st ref. 4s nthern Paelic conv. 48, 5. o4 Southern Railway gen. Southern Railway 5s... Tnion Pacific 15t 4 jon Pacific cons. Tnion_ Pacifie 6 Rubber Rubbe Stoel tos T'nited States Tnited States Yacuum il Corp o Association Virginta-Carolina Chemical 7ias 19 Wilson & (0. 18t 68..... 3 Orxanised 1879 SAORT-TERM SECURITIES. 41st YEAR COMPLETED (Reported by Redmond & o Aaih iy 1> ose Sucplus .$1,065,322.50 American Tel. & Tel. American & Tel American Thread Co. American Tchaceo Co. American Tobacco Co. American Tobs Anaconda Copper 6 Anglo-Ameri Armonr & (o Rethlohem S Tirthlehem nadian JOIN THE EQUITABLE ! Thousands have adopted the v ng plan of the o accumulated Subscriptions for the i 81st Issue of Stock Ih rtral Arcen | ago. 16 T, & Parite Being Received | ©. & Rt Touis fs 1 < of New York Ss 1021 Brport A & 1 Export Export Shares, $2.50 per Month || 4 Per Cent Interest i EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. RE! DE, Secy. B. F. Gt 0il Corp. H. J. Heinz ¢ Hocking Valles Humble Kennecott Copp Liggett & Myers Tob. Fenn! 1 e L SRR e ( Automobile Insurance o, B & Public Accountant and Auditor | e A T Wondward bldg. Tel Main 1850 Systems | IS valuable only .when the St e e i, Tt e mere | e cervice staye Sothern B Sonthweste with vou throughout - the life of the policy. We repr t companics emly and offer “Gilt Edge” 1% First Mortgage Notes Now on Hand In Amounts of the services of our swn or- ganization, which kas been 3 deing business in Wash- LOCAL WHOLESALE. MARKET, f Eggs—Strie fresh, per doz. 5 0 ington for over a quarier southern, i < a 5250 Up to $ ,0 0 of a century, Spring, per 1h, €044 . hene. per M. 5o oniy in securitics that are abso- o .’ Young, each, 60atss chicie Jutily safe. Don't take chances B F. aAUL CO winter. per Ib.. 40450, il and speculate with your savin. D Dressed 5 D poultry—Fresh-killed spring We 100k after all detnils nnd Automobile Insurance =4 Ghickens. per Ib., 7580 hens. furnish guaranteed ttles with 36; Toosters, mer Ib, 22 peri] an notes. 934 N. Y. Ave. N.W. . 35438, chickens, w. b . 1. . LW, 260. 1 Pork—Dressed. small. per 1b.. 15: Chas. D. Sager medium, 13a14; heavy, 10213; live, 3 | 923 15th St. N.W. Live stock—calves, choice, per Ib., | Lo t 11; Jambe, choicn, per 1b., 13 | RPN Green fruits—Apples, per bbl, 3.00al ?no wl»-.\:f-m_ per hox, A « ,.:1- ornia lemons, per bhox. it Cali- s 002550 N\ ¥ ks 6 00465 @ Grape fruit, per erat 5.00a46.00. Straw- Derrics, 04 peo muare | 0 S Vegetables—Potatoss, nearhy. No. 1. § per 1.50a1.75; northern. per sack \____ An Unusual Growth nal Einance Corpora- banking institution, per bh hbl. No vams. g fLess th th Caro. r ago the Inter gton's commerct Wa rened its doors with husiness amounting to aboutx Romaine lettu, nN). T e e I it has close to a million dollars on its books. 1 rkable in p from which we ares. rowth is all the moré rem al business sl recovering. 5.00. . per erate. 500, The International Finance Corporation is not oaly® lina asparagus, per doz., 3.00a5.00; near- paying E PER CENT on preferred stock, but is. earning more than FIFTE COMMON STOCK. by, per doz. 1.25a2.25. CENT ON iTS Here are somc interest figures on thé financt Money to Loan STowih of the Corporation’ which speak for the Becured First Deed of Trust on Real Estate selves FPrevailiug interest and commission. niBouke Tt A Joseph [ Weller §20,Wish L &1 e 72100991 1921 March 31st, 70349032 R13.33R07 April 30th, 946,047, 103363074 Tt will pay you to write or telépWofe 8¢ a booklet m,:." lining the progress of this :\Washiggton fin@WZal institution. N o Stock may be bought on the deferred payment splan E. L. STOCK & COMPANY Investment Sédhirities - lain 736 73j'lfith Street —not only a promise, but an established fact when you invest in FIRST TRUST NOTES INTEREST 7% —in your mail the day it is due. SHANNON & LUCHS 713 14th St—Main 2345 Last Year’s Earnings of California Packing Corporation reviewed in our recent circular. Copy on request A. A. Housman & Co. ! 20 Broad St., New York | MEMBERS: New York Stock Exchange New York Cotton Exchange N. Y. Coffee and Sugar Exchange New York Produce Exchange Chicago Board of Trade Associate members of Liverpool Cotton Association. Post Orrice DEPARTMENT Few Americans know that Benjamin Franklin was the" first to have charge of the United States Mails. He had held the same office under the British Crown, and his experience and judgment were responsible for its initial success, out of which its present gigantic service®, has grown. * g Washington Office Main Floor Corridor ; WOODWARD BUILDING, Phone Main 2040. CHARLES R. ALLEY, Manager. Franklin was amazingly versatile. But of all his many accomplishments, his untiring zeal in behalf of Thx;ift‘ has stood out more prominently than any other. It was, perhaps, his greatest offering to the riew nation. AL LA L L L LEL I LAL) Here in Washington is a’great monument to thrift—? the American Security and Trust Company. From its foundation, it has practiced the principles of sound~ finance and business foresight set forth by Benjamin~ Franklin. It follows those same principles today. 3% Compound Interest on Savings Capital and Surplus $5,400,000 ‘ ¢ AMERICAN o - SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES »th Street and Massathusetts-Avenue, N.W. et 436 Seventh Street, S.W. Eighth and H Stregts, N ix Harriman & Co. MEMBERS: New York Stock Exchange 111 Broadway, New York 2 2 Washington Office COLORADO BUILDING Telephone Main 1603 Give-up business snvited 2227 N N N N N N N N N! N N N N N N N N N N N N N N N N N N N 2N LI AL PP LI A I