Evening Star Newspaper, March 7, 1922, Page 23

FINANCIAL SLIT SKIRT TO COME BACK. JNEW YORK, March 7.—The slit skirt is promised another appearance|of the present height above the for the late spring and next fall. The | ground, but there is also 4 tendency manufacturers plan to have a -kml"'-"’ making skirts appear a littie desire. The puzsling ture of skirt lengths, it is said, been rather definitely settled in faveon PROSPERITY TO RETURN. !_uel Over Worst "Depression in CALL FOR RAG RUGS. - NEW YORK, March 7.—Dealers in Tag rugs report business as falrly :flibve.mbommont atoregtare s ul«: ‘ears, b. 0 be the largest individual class ol Tears, ;Sayn Schwa buyers of them because of the op- WHEELING, W. Va. March 7.—|portunities which they offer to hold Charles M. Schwab, president of the | utility bargain sales. Rag rugs, it is HBethlehem Steel Corporation, in &n|said, can be made up In quantities to 'address here declared that America |retail for §1. Although profits from had come through the worst steel de- | such rugs nominal, merchants pression experlenced in his forty-one | have found sales of them of great Years in the business. He predicted | value in attracting trade. There is 2 an early return of prosperity, equal|sald to ie little call for larger sizes to, that of normal times. of rag rugs, but smaller thrown rugs “I feel more or less certain that|of 36x64-inch sizes are in active de- very soon we will regain and enlarge | mand. our forei commerce and restore the = SR An Investment Schwab sald. i —_— - TOBACCO PRODUCTS GAIN. NEW YORK, March 7.— Tobacco Products last year had net earnings of $2,148,431 after charges, but before federal taxes, according to its an- nual report. This was equlvalent to $8.45 a share earned on the common stock after -preferréd dividends and compared with $2,023,882, or $7.79 a; share earned in 1920. Preferred divi- dends totaled $560,000 and common MARKETS SWARM WITH BUYERS |FEDERAL INCOME AND ', FROM OUT-OF-TOWN HOUSES EXCESS PROFITS TAXES Condueted by DR. JOSEPH J. KLEIN, C. P. A. (Copyright, 1922, by Joseph J, Kleln. All rights reseryed.) (Tax ons should ressed 5 in-care of The Star. To recelve atten- ton, all ¢ &":;:wu'z?m e D e saswers Will mot reveal ‘the identity uirers. 3 ARTICYE XL.. . ‘We discussed yesterday reporting on the basis of cash recelpts and cash disbursenients and reporting on the laccrual bass. : be exempt from direct income tax? The cash receipts and disbursements: A. No, you aie not exempt from tax method s the reporting of the income | on the profit made on the sale. If the 1913, value was actually when actually received and of ex-|March 1, 1913 valve was Acling penses when actually paid. Thus, for | price with such greater value to deter- example, If I reported on -the cashmine your taxable profit on ¢ the mle. T should report a fee of $1,000| 9 L b to £ V' income tax info tion earned gn 1921, but actually received | omraon i yoor January 1, 1922, as income of 1922. appearing in your co'umns, will you Similarly, if I paid my stenographer longer by the use of panels and- that will be fastened with a snap or drapes. The slit skirt is the latest idea left unmolested below the knee at|in “hedging” on the |:\|e:l.|on. : Easter Season .Alr;zady Exérting Influence | i on Wboleea_le and Retail Trade at New‘ York—Industries- Perking Up. property I reinvested the money and on the income of which I am paying Income tax. Can the advance I recelved for the property over that given as its value in 1913 be considered working capital and BY JAMES ALLERTON. Epecial Dispatch to The Star. NEW YORK, March-7.—The Easter scason already has begun to exert an influence on both wholesale“and ! retail trade in this section.~ The markets this week are crowded with buyers from out-of-town retail houses who are seeking spring stocks. These quotable at $4.25 to $4.75. These prices represent an advance of about 50 cents in three weeks. SPRINGFIELD, IIL, March 7 (Spe- clal).—Coal operators in the Illinois flelds assert that they will be able to produce enough fuel for industrial pur- poses for their customers even in event [of a strike next month. —that frees you from worry as to safety, annoyance as to collec- tions or other details, and the ne- cessity of follow-up of stock market or business conditions. kindly answer the following: « A husband's taxable income under EgR¥. purchasers are hot shopping for ex-: ceptionally large quantities and they are paying strict attention to price inducements, but the volume of bus ress. while spotty in some lines, is holding_up very_ well on the whole. Women's apparel lines seem to be holding the center of interest at present. Shoe factorics are fairly busy with more demand for high-grade women's shoes, but tanners are doirg little and hides are dull. Structural steel inquiry has been somewnat better and the approach of spring is evi- denced by renewed activity In brick and other building matcrials. There is interest manifested in the market SEATTLE, March 7 (Special).—Over- preduction of eggs on-north Pacific coast has resulted in a drop in prices to around 26c a dozen to retallers The storage season is still some | waeks off, and poultry men are com plaining Dbitterly. declaring they can- not make a profit present prices. — Steel. PITTSBURG, March 7 (Special).— {Féundry iron 'shows strength, with small lots selling at $19 £. o. b. furnace. Most of the valley sales of basic have i been at $17.75, with $18 generally the ;;A;Kl;;]g price. Bessemer has sold at on January 2, 1922, for services ren- dered the month of December, 1921, I should deduct in 1922 the lary pald to her. The regulations of the commissioner provide that a taxpayer reporting on a cash_basis shall assume the actual receipt of money, ‘even though phys- ically not received by him, as soon as it has been made avallable to him. Thus interest on bank balances is deemed to be income as soon as cred- ited to the depositor, even though ot actually collected by such depositor. So also salary credited to a taxpayer on the books of his employer, if avail- $4,000 for 1921 is assumed. The wife, however, held title to real property, paid for by the husband, and during the Year sold it and made a profit of less than $1,000. Does. this situation call for the filing of a joint return? i A Yes, unless wife files a separate re- rn, —_— CONDITIONS OF TRADE. Economic Situation in Argentina and Mexico Improving. _ The economic situation in Argen- disbursements $1,127,703, leaving surplus for the year of $460,728. FARM CROPS FALL OFF. HARRISBURG, Pa., year the estimated value of state dairy products was $75,287,879, nea ly one-fourth the total valuation of all agricultural products, $308, , about 45 per cent decrease in alue. The total valuation of al state crops last year was $247,000, 000 less than that of 1919, when t)lel peak of the high prices was attained. valuation of That year the total a for Investment . Each month we send to banks, corporations and individual clients a care- 11 'llfl.{ considered list of - high-grade Bonds which we own and recommend for investment. Shannon & Luchs First Trusts On Washington, D. C., Real Estate 713 14th St crops, ‘according to the Departmept of_Agriculture, was $555.359.543 OF THE CONDITION Our Mareh list will be mailed to you upen request The National City Company CHICAGO, March 7 (Special)— |&ble to him, but which for any reason Structural steel orders are on the in- |the employe does not actually take, is crease. The tonnages are not large, but | 10 be treated as a part of the em evidence of more confidence is being (Ployes income when reporting on a Shown: \ cash basis. The taxpayer s permitted to report e gn an accrual basiz only it he keeps o 2 00ks of account. He must treat bo trical equipment is more evident. BALTIMORE, March 7 (Special).—|income and expenses consistently. Results obtained from experimental | Thus, to employ the previous illustra- scrapping of wooden ships of the|tion, a fee earned in 1921, but not ac- ‘Bu“dmg Boom Unger w~ay Shipping -Board are being closely | tually ‘received until 1922, must be May Solve Housing Problem | waiched by shipping men along the | regarded as 1921 income. = A salary for wash goods and ginghams and silks are in slightly better demand. Pottery and glassware are showing increased signs of life, and plants are well supplied with orders.. The paint business is improving, and de- mand for plumbing supplies dnd elec- tina and Mexico is improving, but no change has taken place in the busi- ness outlook for Brazil and .Chile, according to reports to the Department of Commerce. Commercial Attache Feeley, cabling Washington—741 15th St. N.W, conditions in the Argentine, said that juired under with Increasing exports and restrict-| Code, amended June 30, 1902, Telephone Main 3176 ed imports, rising prices for raw 18, 1011 - products with an outlook for further Increase, coupled with lower prices for staples and specialtics than were = On the Sist day of Deeember, 1921, the Dis.rict’ of MORTGAGES The Safest Investment on Earth. Atlantic. Two vessels will be broken | pajd in 1922 for services rendered in current a month ago, the economic BY H. D. LAUFMAN, up here by local yards and others Bpecial Dispatch to The Star. % PITTSBURGH. March 7.—The steel industry now has a more encourag- ing outlook than at any time for over a year. The coal market is display- ing a firmer tone and nearly all mar- kets in this section show a tendency toward improvement. Betterment in the industries is not fully reflected in retail* trade and collections, but changes are in a favorable directiun. Millinery is picking up in response 1o seasonal demand, and sales of win- ter clothing are clearing the shelves for spring stocks. will be junked at Philadelphia, Boston, i Washington and Richmond. The re- sults obtained will determine whether the Shipping Board will scrap more ‘wooden ships. FORT WORTH, March 7 (Special).- The cement finishers in this section, following the lead of the carpenters, brick masons and electricians, have voluntarily cut $2 a day from their wages in order to stimulate building operations. BOSTON, March 7 (Special).—Traffic over the Boston and Albany railroad in February was the largest experi- 11921 must be considered as a 1921 ex- pense. A fuller discussion of the subject re the methods of keeping books on she cash receipts and cash disburse- ments basis and the accrual basis will be found in any bookkeeping or ac- counting text. The foregoing discus- based upon Chapter X of ‘my n “Elements of Accounting. QUESTIONS AND ANSWERS. Q. (144)—I am In receipt of the fol- lowing communication from the Treasury Department, signel G. G. Platt, chief of section: “The deduction in your report of has been dis- condition of the country has greatly improved. Conditions in Mexico have slightly improved over last month, Assistant Trade Commissioner Connell report- ed 4rom Mexico City, notwithstand- ing complication of the situation by [lhe “recent defection of small mili- | tary groups and the appearance of | bands of guerrillas In varlous parts of the country.” - SHIPBUILDING NET LOWER. NEW YORK, March 7.—New York Shipbuilding’s report for 1921 shows inet income at $2,046,559 after charges Cash n office Cash in bank Reul estate . Real estate mortgages “(Orst lien) Stocks and bonds (market value) Interest due and accrued. All otber assets. Total assets LIABILITIES. Net unpaid claims Reserve as required by law’ Salaries, t ete. Capital 200, AlL other liabilities ‘except surplus 45.864. Surplus .. 29,810 Total liabilitles . 90 19 3636,490.87 EQUITABLE Co-Operative Building Association Organised 1579 424 YEAR COMPLETED MR. INVESTOR: 7 y Can you afford to trifle with your savings? looked in investing one’s savings. t your savings. ment for your 9. G $100 $500 Choice Fi"s;o Mortgage Investments If you have not bought yourself a safe, non-speculo- tive income, do it now. - Experience has taught o large class of investors that safety and security are mot to be over- “Phillips’ First Mortgage Notes offer the ideal invest- $1,000 enced in any February since 1917. 1919 in block 1 of $36f building boom now is under way in_ this district which promises to solve the housing problem. ing to actual statistics, permits were issued for erection of 204 dwellings in the first two months of the year, SALES. . these to cost $1,755,540. Immediate | Washington Gas 5s—$1,000 at 01, $1.000 operations within the city limits are | at 91 e on a basis of erection of 1,200 dwell- |, Capital Traction—25 at 95%, 25 at 95%, ings a year, and favorable weather SOt BN Satioy 10 At 00k . will widen movement. Ay an L ‘hamber of Commerce Housing Coi Gas_ Light—25 at 49%, 15 at . 25 at 49%. 10 at 0%. De—8 at 74%. Character of business transacted during the year 1921—Life and health and accident in- surance. |allowed, since the losd was sustained | but before taxes, or $10.23 a share E on the sale of your house. A loss sus-|earned on its outstanding capital tained on the sale of an indlvidual'sstock, in contrast to $11.97 in 1920 private residence Is considered a per- |alter charges and taxes. sonal expense, since the purchase of | The operating income for 1 was the building was not a transaction:$4,733.723, in contrast to $4,321.417 entered into primarily for profit, butin 1920, and its other Income $165,. the residence was purchased more 948, in contrast to $77.342. Iis Ask for Descriptive Booklet “S,” It's Free. 'William S. Phillips First Mortgage Investments. 1409 New York Avenue Sabacriptions for the 82d lssue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cemt Inmterest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. President FRANK P. "REESIDE, Secy. Washington Stock Exchange 77,34 for personal convenience and use than | charges for amortization, etc. as a business investment. The loss|in 1921, $2,853,112, {of $360 has, accordingly, been disal- | dist. lowed. leaving a surplus of $1,246,509 for This was & loss made on the sale of | the year. our house, the same year my wife re- ported a gain of $2,000 in her return on her house sold in Forest Hills. (a) We are about to sgll the house we are now living in at a good profit; by the above ruling are we relieved from reporting the gain in our re- F. R. Y. ROWE, Secrofary. becribed and sworn to before me this 27th ul day of February, 1922. iseaL) = A. E. RIEMANY, " Notary Publie. BTATEMENT 602‘ 'r.wfis CONDITION 1 NATIONAL UNION INSURANCE COMPANY OF WASHINGTON, D. .. On the 3ist day of December, 1931. as re- vired under the Distriet of Columbia Code, amented June 902, and August poration, for example, estimates that it will begin work on 300 dwellings as soon as the weather permits. Construction of large business struc- tures is on a similar scale. Lumber prices are irregular, with hardwood firm. Dealers are inclined to look for.higher prices in some lines of building materials. {SCHOOL CHILDREN’'S SAVINGS. NEW YORK, March 7.—More than 1 $4,000,000 was saved and deposited in banks by school children during the last scnool year (1920-21), com- Capital & Surplus, $2000,000.00 —— Freedom from Business Cares BONDS. Bid and Asked Prices. PUBLIC UTILITY. . turns for 1922, for the same reason Bid. Asked. 2 pared with $2.800.000 in the preced- American Tel. and Telga. 88 83y, | that the house was not a transaction | jng year, and the number of de- |Capital stock e “ Says 40 Per Ct. 8f Farmers | A5 o id 7o %% | entered into for proft. © ine; yearcand the number o dy. f Casitisno o If you want to get “out of In No Fi ial Di A ek and 103 | e patan e ask for relief on the|$2,000,in schools having a total en- | harness”—to be able to pur- n No Financial Difficulty i [fax paid on the $3.100 gain reported | ryjiment in the two years, respec- e lite - withoat: seiaisi s |Dy my wife the same year for the|jiely, of 1,015,000 and 1.829,000, ac- s ene e z BY E. D. JENCKES. same redson? - cording to the annual tabulation of estate tied down by ‘business—we ‘We purchased all three houses to P. Tel. % 94 9 oy west blualnlees‘n’:rn'a::n the coming | Gesrgetown Gaa st not. Rrofte which has just been completed. Eremiton unclieck with us regarding the crea- of spring in full confidence that the tropolitan K. R. — Inte it and i hardpressed farmer will be able to | Potomac Llectric iat Flati e e Al other ausets—U. 8. libert tion of a contention; it is my bellef that 2 one cannot purchase a house without #9i; | the element of speculation or profit. 1 ~|don’t believe there is one man in a hundred but what when the time 11 | comes to buy a house asks himself, 106” | “Can I get out at a profit if I want to ey | sell it 5 5 A. The law is inconsistent in that it aims to tax all income, but per- mits the deduction of some losses lonly. If yoy can prove that the pur- chases of Wbur houses were trams. actions “entered into for profit” you may deduct the loss suffered. Present your evidence to Mr. Platt. Q. (145)—(a) Will it be necessary for me to include in my income tax return the income which my wife re- ceived during the first four months of 1921 before we were married. This amount was less .than $500. (b) Wil I be allowed any exemption for partial support of my mother, whe is living with my brother? I send her some money each month, which amount is equivalent to about one- half her support. 3 A. (a) Yes, unless she makes a 'sep- Potomac Electric co BANK STATEMENT. adjust his finances. Money is easier. The st Faraifure aad; mape. Recent increases in the price of ke ot “Ge agricultural products have enabled the e farmer to accumulate some ready money. Bankers assert comparative- 1y few farm mortgages will be fore- closed in this section, and that seed- ing will start late this month, under adequate financing. A careful survey of the northwest indicates 40 per cent of the farmers in no financial difficulties, 43 per cenllw. Potomac Electric deb. 6s. Pomac Elec. Power g m. o Total assets . LIABILITIES. t unpaid claims . | Heserve as required by law. Reinsurance premiums Estimated taxes pay: Expenses, bills, etc. Capital stoc! Surplus over all Tiabilit VOLUNTAR as of February 28 shows the follo ing_changes: Total coin and bullion, increased 1,162,000 marks; gold, creased 700,000 marks; treasury notes, decreased 954,965,000 marks; notes' of other banks, decreased 4,652,000 marks: bills discounted increased 733,798,000 marks: ad vances, increased . 43.621,000 marks: Investments, increased 4,563,000 marka; . other _securitles, e 285,595,000 marks: notes in e during tion, increased 4,229.174.000 marks: | “Tear 1921 45,625,793.00 deposits, Increased - @3,585.261,000 | Lossel marks; other labilitic®, " increased | 102 4€9.937,000 marks; total gold h"‘“'l“}'&f_,’ Angs, 996.388.000 marks. Expended diring the year 1631 (in- uding ‘dividends) Al . X, PHILIP F. LARNER, Secretary. Subsctibed aad swora to before day of February, 22, CHAPMAN W. FOWLER, e Notary Public, D. Such an agreem lieve you of all business wor. ies—will assure you a xe Tne.m._an be terminated whenever you elect. ur Trust Ofoer will ghadly ge detail with you oconcerning T National Savings & Trust Co. S6th Oldest Savings Depository in Washington Cor. 15th and New York Ave. 171.813.80 Total liabilities . $842,102.63 Character of business transacted during the ington - Market 5s, Washington Market Bs. 104 W. M. Cold Storage Bs.... STOCKS. PUBLIC UTILITY. i | able to pull through without much difficulty and only 5 per cent of the remainder who cannot recover their losses and get back on their feet. Dairy products are in the best shape financially. The survey indicated that the financial soundness of the northwestern farmers was greatest in Minnesota .with Wisconsin, _North | W Dakota, Montana and South Dakota following in the order named. There has been a slight falling off in wholesale trade due fo weather conditions. Retail business holds firm here, but is hampered somewhat ia rural sections by the snow block- Money to Loan Secured by first deed of trust on real estate. Prevalling interest and_commiasion. Joseph 1. Wellerfid, W3tk & ot District . Farmers sud Mechanics' oy fhery ) 285 Either " broth " 1 b ier you or your brother, Commodity Reports NiSona1 whoever is the chief suport of your F Vari s . Riges 17 mother, is entitled to the exemption. [ ) rom Various Sections |secma - - Only one of you may take It: It can- 5 S ROKERS : TRUST COMPANY. American Security and Trust. Continental Trust ational Savings and Trust fon Loan and Tros ‘Washirgton SAVINGS BANK. and Savings - hingts not be divided between you. Q. (146)—I note from the columns { of your paper that you are giving ad- .{vice on income tax matters, and as I ¢ l am a regular reader I am writing you for advice. My problem is as follows: | Until last year I owned a suburban home in Maryland, but had not lived there since 1915; meantime it was rented. It cost me In 1908 about §$6,000. In filing my income report for calen dar year 1918, under answer to ques: Leather. PEABODY, Mass., March 7 (Special). — Tanneries’ equipped to malke patent Jeather have ail the business they can handle. Demand for other leathers is dull, but manufacturers of women’s shoes are buying all the patent leather they can get. Stocks Bonds Full Service - 821 15th Street (Oppesite Shoreham) Gpt - Ahead—and - ! Keep Ahead Security Savings Beventh Street Canned Goods. Direct private wire to Ogden EE‘:::?E"%E.?&":&L’J@’“ g R o tlon agsaiheading 1 Sncostiof mion; i P D. Budd & Co, New York | Somatons ara- How. but "0 Sork 5| GEeRER T R L LT Write for our letter on a e - I T ; | == e SR v B | oy atsponed ol (i Broperty al's particularly good stock. - P ceioe vk Wi e Moeasing L L A Machinery. Columbla_ Title 5 cosa of the rated value as of Macoh : gradually since I started work—but I'm i EL PASO, Tex., March 7 (Special). | Real Estate . 1913. ITmmediately upon Accounts Carried on Margin Mergentimler Linotype o\ < - ”» ?Adg;!i?‘;ml Taliroeg ehops throughout Coumie g | not a bit better off. i : b . opened. X - Co. ... S - & - NEW YORK, March 7 (Special). — | Merchanty, Trantfer and Storage, L Money to Loan How oftén have you heard that said? Does it ; Activities of American Locomoti 5 opeced e mernas T Yo an 118 | Q0B o R First Mortgage " on st o conae s 0 apply to you, too? ’ : beca term 20 z 9 L u = Toreis e s, roats sl E 7 Prompt Service No Waiting s id g Are Sading macerially 1o ey sauip. | Exdirdend o : 0 Stone & Fai Pay yourself something! Set aside a part o ; ; en : SE irfax € 5 = S y IVID] “INVESTMENTS” can be se- . MEANY, Presidont = Live Stock. D mms!& . cured now in amounts of W your earnings regularly. As your- earning EAST ST. LOUIS, Ill, March 7 (Spe- cial).—Activity of local live stock mar- ket is attributed to a combination of higher prices and equalized long and k Record. Payable, 5 power increases, and saving becomes a settled habit, you will be able to save still more and save $250 Up to $10,000 SRR 5 et ment,yistdiag soch s Hbenl rete David F. McConnaughey Endicott - Johason ~ Co., » liberal rate i short haul freight ratés. Cattle are| $1.25 Apr. of inte: 3 Westory Buildin, K 3 } Coming in_from - remota seuthwest, | EnticottJohssca Co. @, b The Tame _courtéons, prompt and —of 1ife—SAVE. 1t you want Unlimited Funds For First Trust Lotas it more casfly t Equalized rates have given stock grow- | $1.13 eficient consideration given to all fa- o old_man on Washington Real Estate _ y . ] man Hard B (3100 wilt start ers a wider choice of markets, and en- Apr. Certified Certificates abled them to ship to the point where s — e e ity . » Quotations are highest. Soror, g MIDSEASON IN WASH GOODS NEW , YOI March- 7.—Manufa Chas. D. Sager Textilen. PHILADELPHIA, March 7 (Special). ~—While local textile mills are op- erating well, there has been a decline in the demand for both woolen and cotton yarns. This is probably trace- able to the labor troubles in New England, whero a part of the product of local spinners is sold. Hops. SAN FRANCISCO. March 7 (Spe- clal).—Contracts for hops now are being made at prices ranging about 16c to 17%c a pound. Cotton Seed OiL FORT WORTH, March 7 (Special), —Texas codttonseed crushers claim for the firsy time in two years they are able to do business on a paying basis. They declare they mow are getting back more for the oll than they put into the purchase of seed. Candy. CLEVELAND, March 7 (Special). Candy manufacturers report tI e ‘business is better. Prices of raw ma- terfals have been stable and sales volume is being maintained by larger purchases of cheaper grades of candy. SHE —_— Coal. UNIONTOWN, Pa., March 7 (Specialy. »—Production of coal and coke continues to increase. Both H. C. Frick and Inde- pendence interests are firin ditional ovens. A shortage of miners is report- ed in two districts. With the approach of April 1 this district is preparing for yraximum production. Spot furnace coke is quoted at $3.25 to $3.50, de- pending upon quality. Foundry is turers “and . jobbers of wash. goods fabrics anticipate a dull buying pe- riod in the next two weeks, prelimi- nary to the return of out-of-town buyers to place flll-in spring orders. 1t is expected that by the middle of this month merchants will be in a good position to judge of demand and style tendencies and will then place their orders. Even the most opti- mistic dealers are not begulling themsglves into visionary hopes of volume spring business. A flurry is expected to develop for the Easter season trade, but after that period of ten days’ buying has passed most manufacturers plan to take vacations until fall. BIG VARIETY IN GARMENTS. NEW ‘YORK, March 7.—One thing that has impressed itself on garment buyers who have been in the market is that'most lines are more diversified than they have ever been before. Not only has it been found that the ex- clysive houses have seen fit to in- clude cleaper ranges, but most con- cerns have prepared wider assort- ments, This was done with the in- tention of getting every bit of busi- ness it was possible to pick up. The diversity of offerings which the stores will be able to show when they com- mence operations on -prl.nf goods is considered a good reason for believ- ing that women will purchase more liberally -n&au apparel buying for 'spring will ke nearer to normal than it has been slnce the trade depression set In. 5 923_Fifteenth St. N.W. Main 36—Loan Dept. " dwindle away. s & real assurance of safety Your Original Capital .To seek large interest returns you take the risk of see- ing a capital sum—your life’s savings, perhaps—slowly To know that your.origiual investment is always safe and at par and at the same time yielding a good income is Mortgage Notes, securgd on improved real estate in‘the Nation’s Capital, will give you this feeling of security. Come in and talk it over! Swartzell, Rheem & Hensey Co. 727 15th Street N.W. ; Washington, D. C. The Nation’s Home Town 52 Years Without Loss to an Investor - 1336 N. Y. Ave. and prosperity. Our First n;an 137 Sou'h Ls Salle Stroct, Chloege P s 1319-1321 F St. N.W. A Few Very Desirable . Offices Left Reasonable Rents McKeever & Goss " Reatal Agents 1405 Eye St. Main 4752 3 % Interest on Savings ; ) COMMERCIAL — SAVINGS — TRUST HOME SAVINGS BRAN’CHES - 15th and Pemna. Ave. 7th St. and Mass. Ave. 8th and H Sts. N.E. ‘436 7th St. SW. $5,400,000.00. Safety Deposit Boxes at Low Yearly Rentals. CAPITAL AND SURPLUS