Evening Star Newspaper, May 23, 1922, Page 21

- FINANCIAL. BUILD 38 SHIPS IN QUARTER. 23.—Increased ac- G An Investment Principle Some people think they are investing their money when they are simply betting with t. Very few are patient enough to accumulate a fortune by saving their earnings, putting them at interest where the principal is sure to remain in- tacx and reinvesting the inter- es Our First Mortgages are the investment for those desiring absolute security of principal and certainty of yield. Over a Quarter of a Century Without a Loss B. F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Main 2100 of its readers. over, if there shculd be any canse for complaint we will make a (nn and impartial investiga- LIBERTY BOND PRICES FOR $100 BONDS TODAY Iat 414 . 24 4% “The Star strongly recommends Ja 4 that you consult an officer of ) some bank or some member of Vit the local stock exchange before making any izvestment at any time. EQUITABLE ! Co-Operative Building ] 5 f EYU CTIONS MADE Bonds Bought in All Denominations. LIBERTY BOND EXCHANGE 604 14th St. N.W. Main 2097, Hours. 8 am. 10 5 pm. | Money to Loan BSecured by first deed of trust on real estate. Prevailing interest and Nmflllflfll. IJ"SEPh L Weller e bok ana r’:"v' ['oFFICE ROOMS | “FOR RENT . International Building FORMERLY INTERSTATE BLDG. 1319-1321 F St. N.W. A Few Very Desirable Offices Left Reasonable Rents McKeever & Goss Rental Agents 1415 Eye St. Main 4752 Association rzanized 1879 42a Y Assets Surplus - - $4,408.620. $1,141,464.69 Systematic Savings Lead to Great Accomplishments Subscriptions for the 83d1 Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. FRANK P. ue of Stock Received President REESIDE, Seey. Harriman & Co. MEMBFRS: i New York Stock Exchange j 111 Broadway. New York Pennsylvania Four Mill Tax Refunded New York Central 4% Deb. (now Mtge.) Bonds Due May 1, 1954 Price to yield about 5.109, Lake Shore & Mich. Seo. Railway Co. 4% Deb. (now Mtge.) Bonds Due May 1, 1931 Price to yield about 5% B L S Washington Office COLORADO BUILDING Telephone Main 1603 Full details on request G.B.Chipman Manager The National City Company Washington—741 15th St. N.W. Telephone—Main 3176 Experience The men who make dictionaries tell us that experience is practical wisdom gained by personal knowledge or action. The men who have lost fortunes in get-rich-quick schemes tell us that the wisdom gained by their ex- porience fobids them to speculate. During our 53 years’ experience in the financial world wo have been investing the funds of wise and conserva- tive citizens in our First Mortgage Notes on improved Washington property. They are to be had in denomina- tions ranging from $100 to $100,000. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. ‘Washington, D. C—~The Nation's Home Town 53 Years Without Loss to an Investor THE EVENING STAR. . WILL BUY International Finance Corporation Stock S. A. SCHOOLFIELD I Rowm 310 Oentingatel Trust Building hone Main ROPERTY OWNERS GARABES ARE EXCELLENT INVESTMENTS RE_PREPARED T0 ESTIMATE-ON ALL TYPES, PUBLIC AND Capital and Surplus, $2,000,000 Who Makes the Best Executor? By the very nature of things, a corporate executor or trustee is much to be preferred to an individual. A company such as this is organized for specialized trust * “service—is a|ways on the joh" —never takes a “day off’—is financially responsible—never dies. None of these things can be said in toto of any individual executor. 1Good poln, to remember when having YO R WILL DRAWN. Travelers' Checks, Letters of DE Pfl\lT . - e Credit and Foreign Drafts BO! National Savings & Trust Co. Oldest Savings Depository in Washington | Cor. 15th and New York Ave. MORTGAGES The Safest Security on Earth Every mortgage Is less than 509, of the ready market value of the projerty. o . Absolute Safety. y‘“ L . Reliable Security. ou . Liberal Income. i . Insurance Against Loss. . Protection Against Depreciation. . Prompt Payment of Interest. . Repayments of Principal in Full at Maturity. Choice First Mortgage Investments $100—$250—$500—$1,000 WILLIAM S. PHILLIPS Realtor 1409 N. Y. Ave. NW. - This | | Booklet Call, Phone or Write for It Main 4600 § | Shannon & Luchs First Trusts On Washington, D. C., Real Estate An Investment —that frees you from worry as to safety, annoyance as to collections or other details, and the necessity of follow-up of stock market o: business conditions. [SHANNON - & LUCHS) 713 14th St. Main 2345 - ey v EN_N 4 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Randal K Hagner & G 7207 anaec&'ca/ @dcaac Second Trust Notes Are Purchased by The National Mortgage and Investment Corporation On A Fair Basis (Temporary Offices) Third Floor Sansbury Building 1418 Eye Street, N. W Secretary of Labor Davis Says: “There is a widespread industrial awakening extending from coast to coast and from the gulf to the border.” TO business men who are planning to grasp the opportunities forecast by this industrial awakening the Merchants Bank agd Trust Com- pany offers the enlarged facilities afforded by its increased capital resources and its new location in the heart of the financial district. - MERCHANTS BANK & TRUST CO. DUPONT BANK BRANCH DUPONT CIRCLE / MAIN OFFICE 15TH & H STREETS,N. W. Capital and Surplus $1,250,000 i ST T AL WASHINGTON, D. C., TUESDAY, MAY 23 1922." '|INTERNATIONAL ' FINANCE CORPORATION STOCK FOR SALE Phone Lincoln 6923-J After 5 P.M. . ESTABLISHED 1807, DAVID J. HOWELL sAND SON ENGINEERS UNION TRUST BUILDING WASHINGTON, D. C. one failed SANITARY ENGINEERS ARLINGTON CO. VA. REAL ESTATE ENGINEERING WATER SUPPLY—~SEWERAGE ROADS---STREETS--PAVEMENTS APPRAISALS--REPORTS MANAGEMENT to qualify DavulF McComuglley ‘ tory. DM ! anqther st ot T B T o, died A R e e i "'Jllll”mmllllfllllll"llllllllllll'“mllllllllllllIIIII'IIIM' 3 Today || oaay resigned YOU SHOULD HAVE the latest telegraph news and information on the another New York Curb stocks left showing activity. the WHY NOT PHONE US? country Less than two minutes of time required and no interruption to your business. Be sure and ask for new “INVESTORS AND TRADERS GUIDE” Trading dproccdure fully explained in its 38 pages Phone, call or write for copy ONES & BAKER lembers New York Curb Market T Direct Private Wires New York C| Boston Philadeiphta Pituburgh Detrolt Baltimore Cleveisnd BALTIMORE OFFICE 433 Equitable Building / Telephone - Plaza 8451 A Man Appointed Four Individual Executors FINANCIAL., ~ The American Security depends upon no one individual for its skill, expentence, resources or life. In fact, the very feature of having a group of men in charge of vour trust affairs, all possessed of sound business judgment and specializ- ing in estate administration. en- genders a breadth of vision and a multiplied ability which is a con- stant protection to an estate. e very Banking Service COMMERCIAL 3 9 o~ savines » TRUST OMPANY 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. 8th and H Sts. N.E. 436 7th St. S.W. 40,994 Shares of the Capital Stock of the Natlon-al Bank of Commerce in New York Organized 1839 Total Capitalization (250,000 shares par value $100) Surplus and Undivided Profits (as of May 5, 1922) Regular Dividends Payable January 1, April 1, July 1, October 1 Free From Federal Normal Income Tax With regard to the activities and growth of the Baitk, its President, Mr. James 8. Alezander. has written us as follows: “Referring to your advice that you have pur- chased a block of stock of this Bank and to your request for information respecting its history,. growth and condition, I beg to advise you as follows: The Bank of Commerce in New York was organ- ized in 1839 and entered the National Banking System in 1865. From the outset it has been essentially a commercial bank and its develop- ment and growth have coincided with the de- velopment and growth of the business and com- merce of the United States. Its present busi- ness i8 national and international in scope. The Bank in the last ten years has, in round figures, ingfeased its net deposits from $104,259,000 to $302,190,000. The capital dur- ing these years has remained unchanged at + $25,000,000. Its surplus and undivided profits, The following tabulation covering the period from herewith submitted: Surplus and Dec. 3ist Capital TUndiv. Profits 1916 $25,000,000 $18,810,724.30 1817 125,000,000 20,367,275.83 1918 25,000,000 24,609,742.47 1919 25,000,000 29,087,249.12 1920 25,000,000 32,148,132.07 1821 25,000,000 34,766,018.07 which stood at $16,257,000 ten vears ago, now amount to $36,206,000. The assets of the Bank are conservatively valued and the figures of its capital, surplus and undivided profits are, there- fore, not subject to reduction. The Bank has had an unbroken dividend record. For thirty-eight years prior to 1916, the divi- dend rate was 8% per annum. Its capital during that period was several times increased. In each of the years 1916 and 1917, extra dividends of 2% were paid. In 1918 the regular dividend rate was increased to 10%. In 1919, in addition to the regular dividend of 10%, an extra divi- dend of 2% was paid. During 1920 the regular dividend yate was increased to 129 and an extra dividend of 3% was paid. In 1921, in addition to the regular dividend of 12%, an extra dividend of 4% was paid.” December 31, 1916, to December 31, 1921, is Dividends Net Earning: Including providing fo: Earnings Extras and Comtingencies Per Share 10% $4,254,329.05 $17.02 10%,% 4,181,551.53 16.73 10% 6,742,466.64 26.97 12% 7,477,506.65 29.91 14 % -~ 6,685,882.95 26.74 16% 6,617,886.00 26.47 These shares, acquired from The Equitable Life Assurance Society of the United States and the Mutual Life Insurance Company of New York, representing their entire holdings of stock of the National Bank of Commerce in New York, are hereby offered for subscription, subject to allotment. _Price, $267 Per Share, Yieldifig on the Basis of Last Year’s Dividends, About 6% Listed on the New York Stock Ezchange . We Recommend These Shares for Investment Heidelbach, lckelhenner & Co. Lehman Bros. Ha]lga.rten & Co. Kidder, Peabody & Co. The statements contained hereln are mot guaranteed, Lazard Freres Goldman, Sachs & Co. Salomon Bros. & Hutzler but are bused on information which we belleve to be accarate.