Evening Star Newspaper, July 10, 1922, Page 17

g S SUSHERS v == — B =z = ;n. suggestion ix made by & :‘SA HERORT Mo s ¥ ND 2 ¥ - : ¥, A SB(VE b lmn - $5,000 Life m" Eef:c:?:‘r t’r‘r’:n‘éfgc{l:;n: ‘nntd :u(::;l_‘ NORTH CAP ITOL : ” 5 zead . 1 ' » L " w *“&ml um- "‘ 'r I—l 4 trust en real estate. MM Eaine.their sises and, 10 aé sreat an SAVINGS BANK, 3 we | Z v d 4 E e ey gssible, the styles of thelr | At Washingion, 1 the Ditrct of Columbi, a¢ ) ; : . e time ago this dealer had the great bLlk of his rub- RESOURCES. from one well known company,| 1. aLoans and di » paucity of the goods forced counts, including LIBERTY BOND -EXCHANGE them Wherever he could. ISodmtec. 604 14tk SLNW. SrEREEE ERRS = e ®ewmiamiy | | Guiaranty Trust Company Surfance in sizes as well, was more indorsement” of Issued Under Our. Supervision Are. 140 Broadway The Interstate Commerce b1y brought home by complaints cept those shows s % Ist. Permanently Safe, eliminating all worry. 7 5 Commission Bk ordered & . I.D St ey 5 e 3 A sing customers fitted prop- 3 §izea that their judgment and b ae).., WA Eos - (L‘IVERPOOL HAVRE ANTWERP CONSTANTINOPLE /i _ experience with the former dominant i TS praaaeY s gosa <" Condensed Statement, June 30, 1922 line told them were right dit ot fit at"all in many of the newer goods,)| ¢ gnd considerable time was lost in - 18,6974 mting around until & proper ft was( 3.. fom . doagok s 26,092.22 . Real H MANY NEW AUTO BUYERS. | = bauking bo " 15,0000} 2nd, Give Maximum Yield, better than other forms of The fact that nearly 40 per cent of e equally safe investments. ! 'Willys Overland sales in May we:il 12 %::l-n:;-“l\: tl;‘r;o benarts = ems. 3 A . 5 made to buyers who had not previ Bt 3rd. Require Least Attention—we look after every detail for you. 4 ously owned cars is taken as an indle { cation that the saturation point i o ey autos is still far a: The com. portiog bank and other c..n pany’s retail deliveries in May were if Cheapest 1o Maintain. Most perfect record of performance. approximately 40 t greater _— . A en I Apcil. dail the poreentags o . 987. Let Us Have Your Reservation at Once e RESOURCES - Rewibuyhes o Mav was SIoat 10l per LIARILITI - ' 2 Cash on Hand, in Federal Reserye Bank cant higher than in the preceding |17, capit X 5 i iti -ash ol an month. ~ There are many Interests, | 18 Sorpiss un Lo Loan Department Wo-cousder this prope -_mlon "t and Due from Banks and Bankers. .............. however, who have studied the auto |18, Undlvlded profits l‘l‘l enormous commercia situation closely Who feel that the Besneved 1 5 ossibilities U. S. Government Bonds and Certificates. car makers are going too fast, and o - P 3 5 = that unless a check Is put on the acersed'rc. HANNON & LUCH e Public Securities. ................... present tendency to speed up produc- |og. . . tion and load up with raw ':mlnerlm Sortife checks o We invite inguiries and_accept | Other Securities....... another period of overproduction and W ynproductive. inventories ‘may “be| i il i 0,47 g S orders to luy or cell. Loans and Bills ‘'ound. luction.of passenger cars K Eoduction. ot yeisenger cars bank depemis) ” (Deponia Main 2345 : 713 14th Street . Real Estate Bonds and Mortgages.............. i o Eosorafng to the estimates of au- | 25. Individua THOMAS L. HUME Foreign Exchange. ...... Ao e veeenee.s 16,459,091.28 1 eheck b e 20, Dividends, unpaid 11000 BROKER Credits Granted on Acceptances. i al o 4 4 Ll.?:ll:;éad confsllmflptlnnln! sugar in ”:;zlb-r han pank de);-s-?l‘l 1412 G St. Main 1346 i Real Estate..........coovvuenenen.. nite tates for first six months o temns . = s 1923 amounted to 2781218 tons, or at | 24 % Sae Accrued Interest and Accounts Receivable. ....... 7,772,816.87 aripual rate of over 5,500,000 tons. lias) consits S (peyabielaran 1 da; r more motice) and " weor o oy | O et e MONEY TO LOAN 'CHEVY CHASE | % fiii s - * SAVINGS BANK, A At Washington, in the District of Columbia, at 7 the close of business June 30, 1922. EQUITABLE Co-Operative Building Association Organized 1879 424 YEAR COMPLETED LIABILITIES ON FIRST MORTGAGES | Il Association J|! fI ~ Cerital........... Surplus Fund. .. Undivided Profits AEL, p abiromamaod pABK, o solearaly swaes that the bank (except _those shown 1 Due for Exchange Bought . 4,964,067.78 3 RESOURCES. ebove statement is true to the best of my | & 1a fotne ana™ ot AT CURRENT RATES OF INTEREST Assets . . 8440803000 A Loyos e gieeomnis oviedst 4 T sricrAR., presigeat o L ESOF dirmie Il S te Lm“flnllc:ld nf' ul:ler t(l?“'n.lc?bl«i l|l;;( sworn to before me this 8th . . nd * foreign aly. 1022 i wile St exehange or {seal) " CHARLES W. FLOECKHER, . Learn to Save Accrued Interest Paynble and Reserve for Taxes dr:fll. l:hld % -";,l‘h & - Actat Notary Public, D. C. - 4 “1 1“ l‘ it o —Attest: e aieds . e : B ODORF. MICHAEL, Systematically ,647, P e ama (G ) * R OETONE ‘ I} = e can point to thousands who have sl .nszgmmg c.%alu/afl .%‘ t%y_nm & C% { :‘2;"';‘.'.'." ,:.‘::.“z,':"':f‘.‘.}. ::.X&:EJ":: Miscellaneous Liabilities. . . 7,001,356.40 LAGET . i New York O . 20,202,390. . 1;:._1’3%@ hmmm s lg.lretlm‘. /20 2 { a{) 4 Subseriptions for the Ampmc“:p;,g:roflig::' oA 4%,&.: 14, Checks ‘en banks locaied out” ThseLeL 7 Cannec iceet (enue Bai!:‘-:;fd&:& Outstanding Dividend Checks. . : 655,995.50 side of city or town or report- . £ o é"':: E%::.n_:':zm cash items 293.93 Ml s $2.50 Per Month Outstanding Treasurer’s Checks. : sm;:::;.g Rmall steel ba = | e eredasd 1-::.1. S Washington’s Oldest National Bankj| | EQU:{:?"SELB“U!WI:D ING $630,351,351.92 JOHN JOV EDSON. President FRANK P. REESIDE, Seey. Looking Backward 3 Saroias 19, c Less _current D&nm Inten & B . bs 24, c-m.;- c:nmn.. o:n‘l':f:nflu?;x: 2 qpes|B FIRST MORTGAGE —this bank's recm:d shows over = nr Sepoutte), i Beposits 2 - a century of sustained co-opera- NOTES SECURED BY-FIRST DEED OF TRUST ON IMPROVED yable within 30 day: tion with the business community. This rich store of experience lends fléxibilitysto our service— to iy OTos in less than w aaye (omr “than Total of demand depostts (i i All of these Bonds having been sold, this advertisement appears as a malter of record only. 1‘ X than z:é': a-:«“;;h&?’;‘;gi DISTRICT OF fiake! lg“""i"‘mn" IE)II'DE?T i N_ewfl . 5 ' ot peniie e #o COLUMBIA ational Bank a particularly valu- = c:,:,,‘:'?.‘: ::"::,;: :::: REAL 'ESTATE able financial connection for any ) $} 3,500,000 : | 33,-Other” time depostts. o) 3 POVITPII individual or business house. : T 8370 Denominations { D tr .t C't G C : Detroit City Gas Company 3% Paid on Savings Accounts $1,000—$500—$100 ; Total .. ity 5 3 bink, ssiemaly’ swear tha o FEOOTOHTOT : < B = Fe SRR | e oo s, || National Metropolitan Bank 3. ELIOT MORAX. 1311 H St. N.W. Capital, Surplus & Undivided Profits Over $1,500,000.00 b ol 15th St., Opposite U. S. Treasury—108 Years Old First Mortgage Gold Bonds, Series ‘A”, 6% . To be dated July 1, 1922 iR . <~ ' Dueduly1,1947 _Interest payable January 1 and July 1 in New York City without dcduchon (or #iny normal Fed- eral Income Tax now or hereafter deductible at the source not in excess oi 2%. Coupon bonds in denominations of $1,000, $500 and $100, registrable as to principaland lmcrchangeable with fully registered bonds in denominations of $1,000 and aulfinnzed multiples thereqj, as provided -in the mongage Redeemable s+ th> option of the Company in whole or in part at any time upon sixty {s published notice a: 107% to and including July 1, 1932; at 105 thereaiter to and including 1, 1942; at 101 thereafter to and including July 1, 1946, and after July 1, 1946, at the principal amount thereof, plus accrued interest in each case. { Notary Public. JOHN M. W rnzbsluc tx.\m FARRINGTON, - HORACE Jr. E. TR = H20MAs K. CONHAD, Directors. REPORT OF THE CONDITION of the "GUARANTY SAV- INGS BANK i | !L 1 Tax Exempt in Michigan to Residents of that State. At Washington, in the District of Columbia, ] A¥the Clost of business June 30, 1022, | | ‘I I | | I I ‘l | | The Complny will agree to reimburse the holders of the Series “A” Bonds, Resident in Pennsylvana, . for the Penuylv-nn Four Mills Tax If Requested Within Sixty Days After Payment. * Issuance Authorized by the Michigan Public Utilities Commission. RESOURCES. 1. 1 Loans and aiscounts, ing rediscounts. acceptances of other banks, and foreign bills of exchange or drafts, sold with in- { dorsement_of _this H bank (extept the | .. ahown in b 4nd ©)..320,817.98 t " The following statements regarding these bonds are based on a letter of Mr. Alanson P. Lathrop, President of the Company, end on further information contained in the circular describing these bonds: . How Will You Solve the July 2 The Detroit City Gas Company supplies gas in December 31, 1921, net earnings averaged B Investlnent Problem? the City of Detroit, Michigan, and adjacent terri- $2,019,686 per annum. . The annual interest ! > . : tory, serving, without competition, a population charges on the outstanding bonded debt, includ- A esumated to be in excess of 1,100,000. Detroit, ing this issue, will be $856,500. with a populztion of 993,678 according to the 4 1920 Census, is the fourth city in size. in the The Company, in the opinion of counsel, has the United States and the fourth city in the consump- corporate right, without limit as to time, gnined tion of manufactured gas. A under the General Laws of the State of Michigan, to conduct its business in the City of Detroit and other communities served. The present unsatis- factory rej tory ordinance in Detroit, which Limits the charges the Company may make to the a bankers and trust companies in * the United States (other than ». _included in items 8, 9 or 10). 6,189.64 1 banks in_the HIGH -GRADE listed bonds and preferred stocks now yield about54%. Lower grade listed bonds and preferred stocks yield a slightly higher rate of interest. That is the situation which confronts you, if you have funds to invest in July. How will you solve the problem of diminishing returns on investment securities? The easiest way—aud the safest way—ls to put your money to work right here in Washington in oyr 74 Safeguarded First The Company and its predecessors have rendered service without interruption since about 1854, and over this long period the business has shown a record of development which establishes it as. | = rates now in effect, terminates October 31, ' gl::t:sf the foremost gas companies in the United 1923. In the absence of an agre ¢t 3 the City of Detroit and the Company as to the . The First Mortgage«Gold Bonds will be secured, rates to be charged thereafter, the question of in the opinion of counsel, by a direct first lien rates, in the opinion of counsel, may be submitted { upon all the fixed properties, rights and “fran- to’ the Michigan Public Utilities Commission, as emond deposity’ (other Mortgage Invcsunenu. chises of the Company, with the exéepuon of a provided in the statutes of Michigan. Upon the % able -?m“':'.. P dayory e i Consider these i rtant facts part formerly owned by a predecessor company, expiration of the regulatory ordinance in Detroit, e aapontn g fmpo 1epresenting less than 69 of the total value of the City has the right :Y purchase the property of yleldl the property. the Company at a valuation to be fixed by a L In every business cycle real estate mmu“ are last The debt of the Cot Board of Arbitration, which shall consider as an to go up and last to come down. 3 bonded debt of (e mpmy, upon comple- olement of value the earning capacity of the tion of this financing, will be less than 639, of its 2. Woashi is in the midst of ‘unusual building lfifiity‘, i valuation. The large equity is the 7 property and business as established and existing. Total of time d;gu o itemn 31, 32, 33 81 : ) - . % s - - u.,u:g:h-mm:_ i :_‘: which has resulted in an unusual demand for"mortgage loans. of the Company’s pol:cy of consistently investing 1, A MERICAN LIGHT & TRACTION COM- ERBane saCpuee a substantial part of its earnings in-the property. = 3. Our are secured by wwfld"‘hg PANY, one of the first large corporite holders of i . ot ] . - For the twelve months ended May 31, 1922, gross stock of gas and electric companies, owns over | property in ¢ locations, where real m 15 “Wcteasig - earnings amounted to_$8,668,075, and net earn- < 99.97%, of the outstanding stock of the Detroit- Stan ........3".';",:' e o, the best ot | M in value. - = ,ings to $1,726,631. For the ten years ended City Gas Company. I”M. » « L:..fl_i-;a"&“?-‘n‘lg’fl.‘.’.‘.?m | 1l 4. Every investent; we offer is protected by the rmm . i system safeguards which reslted in our record 1 JOSERH X ohers “Pubi of has = x5 Appbccmm will be made to list theaa Bqnda on the New York Stock Exchange Notary Pubiic. HUNTT, OLOSSTOANYINVW’ORIN”YEARS Price 97% and Interest, Yielding about 6.20% You have your choice of $100, $500 and. ¥1,000 denominations . o R a2 e I : z and of maturities from two to ten years. Purchases may be made L e N ""“"-.&‘:"G"""’,‘,m‘-m‘m",,“"‘ e B e s - = oumghtorundetonr7%kvm8avmyman.whwhuund o dell o!tthsfiu‘A"Baudl m&edorn m%mdumum 1 : ! &.u write or tdtpfio“ e # o ; N : for further information Halsey, Stu;urt & Co. ; The National City Company i Let us manage 3 : 5 sac T e o Goldman Saclu & Co.. | - _erty. “Over a Quar- -~ - ter of a Century Experience. < B. F. SAUL CO. 1412 Eye Si NW.'