Evening Star Newspaper, March 14, 1922, Page 27

FINANCIAL. ___ _THE EVE ING STAR, WASHINGTON, D., ¢, TUESDAY, MARCH 14, 1922 FINANCIAL. - S = e T T e e e R e e e P R e e e s s s e e s e S e NO EXCHANGE ON CHECKS. | COLORADO FUEL REPORT. ] T P | Federal Court Rules Against Poy-|Final Deficit Shown After Al save md Become lndependent V. ment by Reserve Banks. Charges for 1931. o 3 ) g - = JATLANTA, March 14.—Collection at| DENVER, March 14.—A final deficit Consistent saving of earnings in the active period of life Phr by the Atlanta Federal Reserve |after al charges of $2,731171.62 dur-|| is the one sure means of achieving financial independence Bank of all checks payable on presen- |12%, the vear onding December 31.|| 'for your later years. This habit of saving must be backed STATEMENT %{ 'fhfll CONDITION NATIONAL TY INSURANCE COM- P, AMERI( On the 315t day of December, 1021, as re- Qired under the District, of (*o:;-m:l- . & , and Au- e “.m;“l“ Jume 30, u- Capltal stock ., lt‘nmun stock paid'ip'i R EQUITABLE Co-Operative Building .. $1,000,600.00 s e | Association s , is announced by the Colorads s i yea 4 ASSETS, i Organized tation which are deposited for collec- | Fuei and Iron Company in its thirtieth || by intelligence in investments. The savings that took years Gash i omee $1,205.40, <a ,l:; m,::;"mn #lon was upheld by Judge Beverly D. |annual report. to accumulate can be wiped out over night if they are not || Reat . Assets ... . Surplus Evans in federal district court here. | Gross, Fecelpts from sales in 1931, The decision, rendered in the case of $51,812,813.14 in 1920, being a de-| the JAinerican Bank and Trust Com- |crease of $24,326,874.72, or 47 per cent, of Cordele, Ga.. and other state laceording to the report, while operat- ‘o{,afi?{orfl& uts? hallge(:h:t the |ing expenses wera $25,712,432.72 in ve bank was not insp! y any {192 ro in inaugurating Its par clears | 1550, omnared, Wit 340346, MR. INVESTOR: -$4,365,390.73 -..81,111,632.08 A man with foresight will invest his hard-earned sev- Think of the Future No one can tell what it may £ 2 carefully - safeguarded. g = £ have in store. Be on the safe E Il quirements. H - g 2 £ H) il Our First Mortgage Notes on improved Washington property yield a liberal and safe return on your investment. un, bands cf agents Intereat due’ And. ings wisely, with maximum of safety, at the highest rate of All other assets tnterest obtainable. Total assets Phillips’ First Mortgage Notes fulfill all of thesesre- i b . — 5 e hula to_toerdaor injureia ron- 4 o et earnings iwere Your Inquiry Will !lecmvc St wpaia i SABIIATIES side—save now. 7% m!:r[e(s!;}l)g% safety. Judge Evans' previous decision on 9 Inst Joar campared with Prompt Attention Salarig anutred by Subseriptions for the S in 1920, a decrease of ts, expenses, par clearance had been upheld by the 82d Issue of Stock T g court of appeals, but the supreme . Commisslons. 0 0 COurt ordared & Hew trial tnst ApHL ; Co Gapital ek Betng Beceived Choice First Mortgage Investments " gn the claim of yho petitioners that | FEWER BRITISH FIRMS. wartzell, Rheem ensey Co. y $100 $250 $500 $1,000 tationn wnionEht o &M | NEW YORK, March 14.—A total of 727 15th Street N.W. crpotal Nahilitles Shares, $2.50 Per Month 4 28 new companies. with authorized eet N.W. year 1021_Fire, oce e, motor velliclen, 4 Per Cent Interest | Ask for Descriptive Booklet “S,” It’s Free. appeal al of £105,000,000, were regls- Washington, D. C. alreraft, fnland’ navigation, tornado, sprinkler 1 on the decision, which | tered in Great Britain during the y)/RYe e leakage. riot, civil commotion, tourist baggage. ogge 71 ~ 1ot only 1d that sectfon of the | Year 1921. While in point of number The Nation’s Home Town Kinount™ % risk assumed dur EQUITABLE BUILDING W o ps !ellnrué roserve act probibiting re- :\‘ml amount o(hcabulltuvlv ‘ch);¥%|¢5&{::; Sount _of sk sewuwed dur, $11,830.267.00 | 915 F St. NW. =y i serve ban’ Tom paying exchange on | tiona were much belo 0 o Lonses sul ed durlng the year W gage Investments. checks th % & years 1920 and 1919, they were fairly 52 Years Without Loss to an Investor 01 3,278,760.00 g o et red o Bon-member | Vol up to the records of pre-war Modsy/ e JOHN JOY EDSON, President 1409 New York Avenue Main 98 ~ bank publish a st of non-mem. | vears, according to officlal figures. 102 FRANK P. REESIDE, Secy. 3 Expended ber banks not chargin exchange, | One of the explanations advanced pe: i provided such Institutions agree. = |for the great reduotion in 1921 was Totrs prCUAR T COATES, e L TR LA DL RS P Bubseribed and sworn to before me thls Gth the higher tax on nominal capitaliza- = an2ibetribed and gmors LUCY A. BARR, MORE KRESGE STORES. tion. The registered capital does {Beal. not, therefore, represent all capital Notary Public Queens Co. Queen’ W YORK, March 14.—Five new | employed, as various companles were No.” 2517, Certificate flled in i o 0, L county. Clerk's No. 87l. Rei —that frees you from worry as to safety, annoyance as to collec- thi 8. S. Com-~ N tions or other details, and the ne- cessity of follow-up of stock market or business s plugging count for SR 821 18th Street & gain of 66 per cent over February, ment made by Charles B. Van Dus conditions. RECORD BUILDING PERMITS. | (Opposite Shoreham) 192 SAGE ADVICE ANY successful men have preached ser- monettes on thrift out of the fullness of of their own experience. Money to Loan Becured by first deed of trust on real estate. Prevalling interest and commissiop. = Joseph I Weller#?, Wam- Lo, & Trt its vice president. Two of the § Shannon & Luchs First Trusts NEW YORK, March 14.—The value ' and 10 cent stores have been opened, | ‘but all of them will not be completed until November. “Prices are still Mr. Van Dusen (] jaid, *4 whole merchandise e Ee L Thenvelue Direct private wire to On Washington, D. C., Real Estate situation is such as to make the PBROKERS granted last month in 141 cities far (| D. Budd & Co., New 1. surpassed that of any previous Feb- || (established 1885). T ¥ ruary in the country’'s history, the NNON 0 - LUCH total amount being $122,684,719, it was reported here today Brad- | Write for our market letter. Russel Sage’s practical little sermon is as fol- lows: “Thrift is such a simple thing—and it means so much. It is the foundation of success in business, of contentment in the home, of standing in society.” 2\1]“(!![ dx:\linclly favorable to our uyer: ‘e are rather shy on Brohary; ibat Toh s on D EEloE pa Stocks Bonds ticularly as our experience has Street's. This figure was a decrease | of 53 per cent from the month of | January this vear, during which the | Droved ' that prophetic utterances Foreign Bonds 04, but it was | Accounts Carried on Margin i 713 14th St. Main 2345 Visit one of the “Thriit Windows” at the American Security TOMORROW. AMERICAN SECURITY COMPA N Money for Housing The most practical way to relieve the present housing shortage In Washington is to build more homes. Customer service Jones & Baker handle no promotions or. specialties and underwrite no securities and are not interested in any stocks. They are therefore always in a position to give customers unprejudiced information on New York Curb Exchange stocks. i Nearly40% of new customers come from satisfied old customers You are invited to a int yourself To do this it is necessary to secure unortgage money. It's our business to supply funds for those building homes and at the same time offer in- vestors an absolutely safe in- vestment. You can help to relieve the housing shortage by investing your surplus funds in our 7% First Mortgages and at the same time secure an absolutely safe investment. Preference of So Many Pay : 15th and Penna. Ave.’ HOME SAVINGS BRANCHES CAPITAL AND SURPLUS Day Depositors? :‘;’;‘hN‘:‘“’: ‘&.‘L‘:‘fle&:’g°Mfi’k‘; S:t‘:i: IN AMOUNTS OF $250 AND UP 7th St. and Mass. Ave. : $5,400,000.00 NG 5 8th and H Sts. N.E. Safety Deposit Boxes HE answer is found in our location, Ask for booklet: B. F. SAUL CO. 436 7th St. SW. _ at Low Yearly Rentals “ 4 Great Organization Built on Service” . f Meitysgelosns hiterally “handy to everything”; DEPOSIT soxes AT in our complete equipment, our large re- 1412 E!: Street N.W. O RATI = = Maln 2100 oerte | sources and our established reputation St JQNES & BAKER i for strength and service. O3Bt Bttins "Members New York Cuarb Markst. QStart a PAYDAY account here now Telephema: Plaza 8451 Pisat Fiias Wit New York Chicago Beston Philsdeiphia Pimburgh Detroit Baltimore Clevelsnd and “.grow:up" with ‘the oldest savings depository in your city. Deposits of any size welcome. . OFFICERS WILLIAM D. HOOVER........... President WOODBURY BLAIR...First Vica President FRANK W. STON] nd Vice President FRANK STETSO Trust Officer CHA . LAMBO .Treasurer New Issue $7,500,000 The Northern Ohio Traction and Light Company THE FIRST MORTGAGE K R. CLLME! . / atmcer | BRYCE BalmD. ot Qe Has Been Recognized Throughout the General and Refunding Mortgage Gold Bonds PAID ON DIRECTORS i i e LAREE AND Foosturr B K0 Wiim D, Hoorer Years as the Best Security Series A, 6%, due 1947 ERALL. v A X Church Jegionld 8. Euldekiper AR J . Dated March 1, 1922, Due March 1, 1947 ACEODNES Wiiiem %, 265" Mo il Under our plan of dividing the first mortgage into Interest payable March 1 and September 1 without deduction of the Normal Federal Tncome Tax up to-2%. COupom Gharles Minshall notes of convenient amount the small investor is enabled Bonds in denominations of $500 and $1,000 each. registarable as to principal enly and interchangeable with fully Frank W. Stone %) | el N 7 o e Ronsy"x v to participate in this highly desirable and altogether safe I T b tion ot the. Company o any Intcrest payment Jats Upoh (hirty 3:;-"}%«0: notice at 110 ¥ field of investment. on or before March 1, 1932; at 107% thereafter to and including March 1, 1942, and at N ti al . T 10213 thereafter but prier to maturity. — atlon s& Co The purchaser of a single note receives the Sa‘ mg mst_ A 7% Tntoreat a8 though be owned the satie THE NATIONAL CITY BANK OF NEW YORK, Trustee o RN e e o G Iisuance subject to authorization by The Public Utilities Commission of Ohio . S Cor. 15th and New York Ave. Put Those Idle Dollars to Work Four Mills Tax in Pennsylvania Refunded A letter of Mr. B. C. Cobb, President of the Company, giving further information regarding these Bonds, has been summarized by him as follows: ALLAN E. WALKER & CO, Inc. 'OFFICE ROOMS]| David F. M w«mcm;m“hey 813 15th St. N.W. Main 2430 The Northern Ohio Traction and Light Company owns and operates a successful and growing ; FOR RENr ku:ilcuwmm: o TEatslosns electric light and power business and a comprehensive system of city and interurban railways in the . o e important Cleveland-Akron-Canton industrial section of Ohio. International Building g 5 . rormenry vTERsTATE Broe. || N A HRYRHRURER MR e L e e e e L L L L e L L L L L e L L L L L The electric light and power business of the Company is five times as large as in 1914, and for 1319-1321 F St. N.W. N I 00 Dol Sl L S e the twelve months ended February 28, 1922, contributed 72% of the aggregate net carnings, those for A Fe\(\s ¥uy I]‘Ziesirahle Open Until 5:30 P.M. Tomorrow January and February 1922 showing material increases over the corresponding months of 1921. ces Cft B The General and Refunding Mortgage Bonds, in the opinion of counsel, will be secured by a direct mortgage, subject only to the liens of underlying mortgages, on the entire property of the Com- pany, and in addition, by the pledge with the Trustee initially of $7,000,000 First Lien and Refunding Mortgage 5% Gold Bonds. The ratio of the bonds pledged to the amount of General and Refunding Mortgage Gold Bonds outstanding, should constantly inerease. Additional General and Refunding Mortgage Bonds may be issued for refunding purposes, and | for not exceeding 75% of expenditures for additional property, provided net earnings are at least 134 times the interest on, and not less than 10% of the principal amount of, bonds outstanding with the pub- lic, as well as Bonds then to be issued. The new Mortgage will provide for a Sinking Fund of 4% semi-annually of the amount of General and Refunding Mortgage Bonds outstanding and for maintenance and replacement of the property through the operation of a strong General Reserve Fund. EARNINGS (Twelve Months Ended February £8, 1928) Operating Expenses, Maintenance and Taxes.............0.... 6,208,742 Annual Interest Charges on $21,343,500 Outstanding Bonds..... 1,159,945 Reasonable Rents McKeever & Goss Rental Agents 1405 Eye St. Main 4752 Spent Dollars Help Speed the Other Fellow’s Success--Not Yours { Hang on to some of your earnings and you’ll go up | the ladder to success yourself! { Your thrift partner may well be Washington’s OLDEST National Bank, which invites initial deposits of One Dollar or more in its Savings Dept., and extends customers every prac- tical help and service. { Another payday has-arrived—come into the bank and lay the cornerstone of your success fund, NOW. 3% Compound Interest on Savings Orgaatsed n 114 OmDollnotM‘mWEIIODnAnAwmt ‘GEORGE W. WHITE. ««.President ' R RA e replacement value e Bl Pro Y, on the 8 O lependent appral s together Q. . P. JOUNSON......Vice President afi%fivfl ‘vgnéfii%" with subsequent expenditures, 5 substantially in excess of the outstanding bonded debt. C. F. JAGOBSEN....vvemns--...Cashier HR B R i B, SAUNDERS Y : Tt e TR T Ampiin W o o e el o6 S S R R s ' B £ Ny : 2 3 : 3 CLOUIS KOKLORY. - st Caehlie 8ol woms i - Price 96 and interest, to yield more than 6.30% Bonds are offered when, es and if .{ssued and received dy us. The National City Company National City Bank Building, New York Washington—741 15th St. N.W. Telophone Maln 3176 4 AN statements herein, while net guarantesd, are officisl or are based on information which we regard as rellable. " Forcign Drafts Open at 8:30 A.M. Every Business Day Trust Dept. National Metropolitan Bank Capital, Surplus and Undivided Profits Over $1,500,000.00 15th St., Opposite U. S. Treasury—108 Years old o Me—save, you want eep away old Ha, Luck, BAVE™ Giloo"wihs start you.. N 1336 N. Y. Ave.