Evening Star Newspaper, December 7, 1922, Page 29

FINANCIAL. " FEDERAL FINANCING FOR DECEMBER 15 Richmond Bank Directors Graham Re-Elected—Mer- chants Promote Popkins. A. FLEMING. Mr. Mellon has nY L licve thi announced at ring -year issue nt coupen to the nancing, believe 1 be; amount o 1,000,000 will be sold, but that the 1d will not be suf- ficiently urment to bring a large it usual public re- » to T ry offerings. a meas 43, per cent bond issue to hold or better mway have some effect 1t par en thi a-h taken to more lotment ‘rs believe that this is effect of depressing the and of w » per cent two-and-a- tax free as to nor- angible tax as well, tment than a 5 per il ihle that the snry conld n nplish th probiem th ment cosit howe: than the propose has kept the de- for some time. er, all rovernment maturities ury § 2.~ le of the 414 that will ds of the s Treasury bonds, he required to a large per- 1 the financing of the 1sth nst. The last installment of taxes or 1921, income t will be due on that date—December 15. Merchants® Elects Treasurer. At 2 meeti o directors of the Merchunts held yestere tion of Frank 1 or wits dcee ¢ Trust ifternoon, the r Harmon, jr.. 2 ted. Kin: who has been < as- of the institution for nis dow Richmond Bank Directors. Edv c. ham of Washington I a_director. class Federal Reserve nk, practi ;. M. Tilghman of 1 oll- ing 18 votes to Mr. G 2 In the election for class A di- rectors Rurton of Wilson, NLES ‘ted by 123 votes to Drake, jr., of Raleigh, 2 Capital Traction Wanted. good de- stock ¢ 1 Stock i to a clos s generally ivestment bring out some as litile support sales of Vi at 6313 to 63. at 61 from snt 67 asked a week red its recent deel point addi- , selling at A\merican Security and Trust Com- pany shares ware quite active at 281 : S o In the bond were sold at at 104, On Stock Dividends. If legislation is adopted txation o te surplus s Traction 5s 9715 and Gas 713 notes for the as such, it is hou e of two effect: it will either re unjustly the Interests of th ckholders whose total incomes do not make them prop- rly subje will to this further le the distribution cash, which in the the surpl ¥, or of ‘the practically numerous cases ! < has heen accumu- lating for many vears, and is invested in plani and working capital needed “nt operations. In either case lation would cause disaster. fed upon surplus would be caching back into what was left from taxation of all previous vears. It does not seem possible that Congress will seriously consider such a proposal, but evidently not a few members of the next Congress are considering it. Torc “Although in the case of a new company a surplus account Is some- times started by the sale of stock at A_premium. a corporation surplus usually consists of undivided earn- ings, accumulated over a term of vears, and, as stated above, does not exist in cash, but in the plant or working capital. It buttresses and protects the resular capital behind the issued stock. preventing its im- pairment by unexpected losses, and this is one reason why it is consid- ered wise policy 1o pay in a moder- ate surpl pital. H. ROBERTS.” CLOTH PRICES QUIET. NEW YORK, December 7 (Special). —The tone of the cotton cloths mar- ket was easy again today, and trad- ing in_general was confinéd to small lots. The raw market was quiet both here and i kohama. Quota- ns on the local ket were un- nged 3 best num- i new SHOR' Cunndian central Leather C.. C., C. & St Copper Export Copper Export Du Pont % 1931 Kansas City Term. iiennecott Cepper it Penna. R. R. St. Pau Union Depot Sears, Roebuck & Co. athwestern Bell ndard Oil of C: Union Tank Car 7s 1930. Vacnum Ol 73 1936. Wastern Union 8l3% 3 Westinghouse E. & M. 7s 1 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.—— Bid. Offer. 100116 100 3-16 9% 100 I3 9035 %x June 15, 101% S . 101% 1003, 29! 100 916 ”» akening liberty | , | Seventh Street BY WILLIAM F. HEFFERNAN. NEW YORK, December 7.—New operations for long account, which began to make their appearance in the late trading on Wednesday, con- tinued unabated throughout the greater part of the session on the curb exchange today. New buying came into the market from the outset, and the Ppluive- sional_element that had been instru- mental in forcing stocks down in re- cent session: found that they had to bid prices up in order to cover their commitments. Dividend Stimulating. Announcement that ¢ t Pipe Line dircctors had called a meeting of stockholders to act upon the pro- posal to reduce the capital st fter i which stockholders will h dividend of § share im- n had a ulating_«ffect upon the stock. But ome such action had becn expected Iright along. Creseent Pipe Line spened Up @ point and was in active demand thereafter. Ci rvice directors have called a s 1 meeting of Kkhold vote on an increase in its capltal NEW YORK. Decembe lowing is a list of tod lowest and closing price active bonds and stoc & for the mq s dealt in on w York Curb Market: BONDS. Low. 108 0Tty FSTPOS. -4 Kenneentt Libby, MeN & onisville G & 7 Argentina 120 Kingd of Kingd of Serbs s 10 Mexican Mexiean ‘A Mag; 1300 Nut ¥ Tra | %889 [ 16800 § 0 {31008 0 Stock Exchange BALES. ‘Washington Gas 71:s—$1,000 at 104, $1,000 T 104, Capital Traction $s—$1.000 at 97%. $1.000 t 000 at 974, $1,000 at 97, $1.000 71 t 103, 6 at 1034, & . 10 at 1081, 10 at 103%, 10 at & at 108%, 10 at 1037, 5 at 103%, 10 | Washington . Rwy. aud Elec. com.—10 at 63%, 10 j at_63. { " Wash. Gas Light—4 at 5415, | Amerfcan _Security and Trust Co.—10 at 281, 20 at 281 1%, 40 at 262, 10 at Tauston Monotype—10 at 7 AFTER CALL. as 15—$2,000 at 95 000 at $5%. gton s—$500 at 10434, BONDS. Bid and Asked Prices. PUBLIC UTILITY. Washington 851, & W Bid. Asked. American Tel. & Telga. 4s..... 91 9134 Amer. Tel. & Telga. 4%.. 100 101 Am. Tel. & Telga. ctl. tr. 9714 97 Am. Tel. Tel. & conv. 0s. 1141 115%5 atia and Potomac 24 stia_Pot. C. & P. Telephone 1C. & P. Telephone of V City and Suburban 5r Georgetown Gas 1st 5. | Metrop n R R, 5w, { Potomnc Potom D. C. Paper M(z. ds Riggs Realty 5s” (long) Riggs Realty 5s (short). STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga, Capital Traction. Washington G Norfolk & Wash. Steamboat. Wash Rwy & Eiec com. Wash. Rw; Terminal Terminal Taxi pfd. NATIONAL BANK. Capltal Cofumbla | Commercial a | Washington TRUST COMPANY. American Security and Trust Continental Trust tional Saviugs jon Tru: shington Loan and Trus SAVINGS BAN Commerce and Savings.. East Washington. Security Savings United States. Washington National Union.. TITLE INSURANCE. Columbia . Beal E MISCELLANEOUS. Columbia_Graphophone com. 2% Col._Graphophone pfd. ? D. C. ptd. 50 Mergenthates Linoty i fergenthaler Linotype. 01 “Dutch Market eom. 23 0ld Dutch Market pfd. Tanston Monotype. Security Storage Washington . Markef Yellow Cab. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. 1 | | | | s to | with Hollinger Gold Mine, the leader- ‘'THE EVENING STAR, ‘UHLE CHANGE NOTED INOIL PRODUCTION If thelr proposal is approved, it is expacted that holders Wwill re- ceive a large stock dividend. Paige Detroit Motor Cll‘" ‘(’l‘l’”ld::& nounced a 100 per cent stocl v “ and a cash dividend of 3 per ae;l‘\{qw”kly Report of Petroleum In The stock was quote: oday d, . . offered at 26%, against the last prev- stitute Gives Gross Output. stock:. fous sale of 26. The regular quarterly dividend of 1% per cent on the pre- tarred was also declared. Oll Shares Go Higher. Standard Oil shares were for the most part higher. Independent olls By the Associated Press. NEW YORK, December 7.—The mmos e ":‘l‘l"ihyd ;‘;_“:L'p higher) gajly average gross crude ofl produc- prices in atandare 3 ; d May Department . Stores new stosk | tion of the United States Increamed of $25 par value led the industrial | 650 barrels for the week ending De- section in point of advance. Moving sympathetically with the old sharer on the big board, May new gained close to 5 points over the previous close. Other Industrials were inclined to- ward a higher level. Motor shares were less active, but remained strong. The new issue of Patten Typewriter Company admitted to trading, the initial sale occuring at 5%. Mining shares moved cember 2, totaling 1,638,060 barrels as compared with 1,637,400 barrely for the preceding week, according to the weekly summary of the American Petroleum Institute. The daily av- erage production east of the Rocky Mountains 5 1,178,050 barrels, as compared with 1,182,400 barrels, a de- rease of 4.350 barrels. California production was 460,000 barrels, as ompared with 455,000 barrels, an in- rease of 5,000 barrels. 90 to 1.80 a barrel, according to the irregularly, advancing sharply. gravity of the oil. There were no cacuum OIl ....... 630 66 616 |changes in Pennsylvania or gulf coast 2500 Vacuum Ol new .. 41% 404 403 | prices, Pennsylvania being quoted at 3.00 a barrel and Gulf Coast at 1.25. According to figures collected by the American Petroleum Institute, im- ports of petroleum (crude and refined ofls) at the principal United States ports for the month of November to- taled 8,267.544 barrels, a daily aver- 584 barrels, compared with X barrels, a dally average of 792 barrels for the month of Oc- tober. Imports for the weck ended Sulex in hundreds. EPENDENT OIL STOCKS. December 2 totaled 1,851,643 barrels, g aily average o ; S, 13 nmiand compared with 1.697,047 a 137 Glen Rock O, Qaily average of 242,435 barrels for % Gulf Oil of Pu the week ended November 40 Tadwan Ol Keystone Ranger... Lance Crovl COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY 1 Merrlt 011 131 Mex 01l Midwest Oil GALVESTON, December 7.—Graln receipts’at Texas terminal points broke all records in November. The steady movement to market continues. Northwest 011 PHILADELPHIA, ) 2 Omar Oil & 1 Pennock Oil 1 Ryan Con 1 5 December Grain exports through this port for vember were far above the totals for Salt Creek Cons Salt Creek new . Dulpn Refin oo s that monin last Shipments of 23 Shell Union Oi w i wheat totaled com- S pared with 6, com- pared with 3' o 20, com- pared with no shipments last November. CHICAGO, December leather in this market is [iE Shoe manufacturers ing lower priced leath the easier hide market. ST. PAUL, turers 1 Osage Oil an Ol . ~—Demand for ckening to- re demand- in view of December 7.—Manufac- and_jobbers repor sheepskin-lined and selling so_fast have difficulty meeting the demand. Overcouts in $ : and other Winter wearing apparel are mov- 1 Atlantic Fruit . o Rrit-Am Tob Co City RR Buds . oid Co vid Co prd. ing briskly. HOUSTON, D ghum crop of Te selling around 65c sirup is selling from 7.—The Sor «hort and sirup is lon tod: Cane ¢ to $1 a galion. _ATLANTA. December 7.—The Louis- ville and Nashville railroad has just re- cewved the first units of its big order for new freight en Locomotive Con into commi nes from the Baldwin ny and will put them on this week. FORT WORTH, December 7.—The demand for lumher his been more pre nounced in the rural @istricts of Tex: this year than cver before and the ume ‘of lumber sold to farmers will sur- 1l tecords. More and better farm- houscs are be Chiem > r Contl Rubber. kh Vall Muy Dept Merver M. Mereer Mo N FRANCISCO, December 7.—The ket for turk since Thanksgivin 8 hus been glutted and the price has s 1 m 3 dropped from 48 cents wholesale to | T f 4 {25 cents a pound. Speculators are 13 Pil p Morris buying and putting the birds into cold 5 Prima Radio Co. storage. @ Ttadio Corp . 8 mally Corpion DALLAS, Tex.. December 7.—The late | 2 o Motor arrival of winter will result in one of the best “top™ cotton crops in Texas in years. Flowers are still blooming in some sections of Texas and some of the fruit trees are blossoming. & 1 Standard 3otor . 5 Swift Intl . Swift & Co Tobacco Prod P.. i SEp i essene _BOSTON. December 7.—The paper Tnited Retail Can'y industry in New England s in a 3 TS Lt & Heat. {healthy condition today. The demand S Lt & Heat pl for newsprint continues exceedingly Z West End Chem.... 2 Willys Corp 1st pfd 1 Wil Up 18t pf efs d. 1 Winthers Moto strong and pulp prices are very firm. PITTSBURGH, December 7.—Heav cosumption of tin plate is anticipated | MINING next year, the $4.75 price established | 1 Alaska Brit-Colo... 2 25 [ for the first quarter being expected to | 20 Relcher Divide. % prove attractive. Sheets are heavy al’ 10 Belcher 2 the $3.35 base. £ Iition 08 g 11CA 1 ! 70 Bison _ Gol : CHICAGO, December 7.—Automobile | T R makers, railroads and farm imple- e a L ment manufacturers arc the leading buyers in the local steel markets to- day. Orders for 9.500 cars were placed { last week. The leading interest has ! added another blast furnace at Jollet. Demand for structural steel continues heavy with prices firm. Dear Cons 2 Drcden Gold Salvador BOSTON, December 7.—There has been a slight falling off in activity in the metal trades in New England owing to approach of the inventory period. PUBLICATION OF BANK BALANCES IS RESUMED By the Associated Press. Goldfleld Florence... Gold Zoae ... Harmill Div PITTSBURGH, Pa, December 7.— Publication of “bank balances was today resumed by the Pittsburgh Clearing House Association in re- sponse to a general demand by busi- ness interests. In June of 1920 the figures were withheld from the new: papers when it became known they were being used as the basis of an extensive gambling pool which op- erated in eastern Ohio, West Virginia 21 Ray Hercnies inc.. Tted 11T Florencs. - and western Pennsylvania. DIVIDENDS. Stockof Pay- Record. 'lhle.' -Dec. 15 Tonopah Divide Tonopah Extens Tuolumne ... 9 United Eastern Tnited Verde Exi U 8 Continental Unity Gold ... West End Consol Weut End Cons € Yukon Gold Has $3,000,000 In Insurance; | ‘But 3 in Class By the Associated Press. NEW YORK, December 7.—J. C. Pen- ney of the corporation bearing his name has joined the ranks of big league policy holders, when he took out insur- ance bringing his total up to $3,000,000. His annual premiums will be $120,000. ‘Am. Snuff C + Am. Snuft Co. hase Na 1 B Hombwrake' Minig 50c. G. W, Helme Co., 4., 8% G. ,\h Helme Co., Q.. 1%% King Philips Miiis | Kelsey Wheel Co.. a. 8. H. Kress Co., d. { Mountain P'rod T L Only three other Americans are in | . "3 this class: Rodman Wanamaker, who e DL it i5 insured for $4,500,000: John Wana- | 13,5 “pr. | maker, $3,000,000, and Plerre du Pont, | Nat. Bank Com.. q., 8%. $4,000,000. N X Tol Co, . $1.62% on 0 Jam. 15| 3ir. Penney started his business career | 8%%. If- - .oy e 20 Jan. 15 | In a clothing store at Kemmerer, Wyo. o Dec. 15 Dec. 30 twenty years ago, with $500 capital. He now operates a chain of stores extend- Jan, 15 ing through twenty-nine states. Jas n. 15 ——— Jan. 15 EXTRA DIVIDEND VOTED. 5,?‘5‘.i 6‘,:{ ol i, 0 Dec. 30 NEW _YORK, December 7.—The |Safety Car Heilting A Beech Nut Packing Company today | o' i 1% el Dz declared_an extra dividend of 48 | U: &' Tobacce: Ja: 3 cents a share on common stock. This | United Light Ra stock has been paying 4 cents & share. || 14% ..o 5 lfl on G%B‘D{ Jan. 2 BONTUS FOR C. & 0. EMPLOYES. | Ugijed Lishr X fl" Jan. 2 [The Chesspeake and Ohio R;lllw-.y' Westinghouss Elec. e w! ve a bonus employes - Who left their normal positions to do , Westinghouse Elec. Mfg. .29 Jan. 15 emergency work during the shop lw oming Associated Oil Corp., strike. = 2% severe . ceseDec. 15 Jan. 2 WASHINGTON, D. C, THURSDAY, DECEMBER 7, 1922. | noon, 30.28. laws. During, 1923 the efforts of the league will be centered in Pennsyl- vania, Connecticut, Nebraska, Minne- THE WEATHER District of Columbia — Rain and warmer tonight and tomorrow; low- est temperature tonight above freez- ing: increasing southeast and south| The report urges Congress to in- winds, icrease the salaries of civil service Maryland and Virginia— Rain and | commissioners from $5.000 to $7.500 a warmer tonight and tomorrow; in-|Year, and asks the President to fill the creasing southeast and south winds. |existing vacancy or the Civil Service West Virginia— Rain tonight and|Comialssion by appointing “a man of ginia. BOSTON. December 7.—Radio mes- | sages picked up here today indicated that the British steamer Tyrrhenia, bound from New York for Genoa, FINANCIAL. " VESSEL IN DISTRESS. sota, Kentucky, Indlana and Vir-|3ritish Ship Answers Call From German Steamer. ® " 99~ Money to Loan Secursd by Sest estate. 27 fest Geed of trast en rest Joseph L Weller .75 S5 CITIES SERVICE SECURITIES Bought, Sold, Quoted tomorrow; warmer tonight. independence and ability Wwas proceeding to the asmistance Records for Twenty-Four Hours. | W[ Dana, president of the league |of _the German steamer Heinrich | THOS., W. BRAHANY & CO. Thermometer—Four p.m., 42; 8 p.m., | nigh At she opening session. Too i Kayser, reported in need of assist- g 4y Thgrmor -m., 42; & p.m., | night at 3:30 o'clock Mr. Dana will (ance last night 500 miles east of Cape Snvestaent | Sceusitien ; midnight, 33; 4 a.m,, 31; 8 a.m., | make his annual address, following 'May. The Tyrrhenia was 275 miles sla ll E 30; noon, 36. which William Dudley Foulke, civil|fron the distressed vessel at 9:20 g vans Barometer—Four p.m., 30.46; 8 p.m 30.50; 12 midnight, 30.48; 4 a.m., 30.3! Highest temperature, 43, occurred at 2:30 p.m. yesterday. Lowest tempornture, 30, occurred at 7:30 a.m. today. Temperature same date last year— service commissioner under President i | Roosevelt, will speak. as will Repre- sentative Frederick IR. Lehibach. Development of psychological tests | for selection of civil service .mmo_vu" will be the general subject to be dis- cussed at the sesslon 1o be held at 10 o'clock tomorrow morning. The con- Highest, 45; lowest, 34. cluding semslon will be held tomorrow Condition of the Water. night, when Commissioner George R. | l water at 8 am.: Great Falls—Tem- |0 others will speak. (Furnished by United States coast and perature, 40; condition clear. AIRPLANE IS WRECKED. | geodetic survey.) | TDeniparaturs land Gonaltion of "m'wme. of the Civil Service Commission Tide Tables. Today—Low tide, 4:23 a.m. and 4:21 Observer Slightly Injured in Crash p.m.; high tide, 10301 a.m. and 10:13 p.m, Tomorrow—Low tide, 6:07 am. and | 5:10 p.m.; high tide, 10:47 a.m. and 10:59 p.m. The Sun and Moo! Today—Sun rose, 7:13 a.m.; sun sets, 4:46 p.m. Near Cumberland. TMBERLAND, Md., December 7.— An Army De Haviland-4 sirplane which left Langley Field, Va., yesterday morn- Ing to map out an air mail route be- ||| tween Washingto, D. C., Dayton and|| Cleveland, Oblo, was wrecked late Tomorrow—Sun rises, 7:14 a.m.; sun | terday at Barfon, near here. Licut, sets, 4:46 p.m. i H. F. Sessions, an observer, sustained Moon rises, 8:09 p.m.; sets, 9:37 a.m. | minor lacerations about the face. Sergt. Automobile lamps to be lighted one- | Nick Loupous, pilot of the machine, was half hour after sunset. uninjured. Weather in Various Citfes. Accordingi it/ Toupous, the machine ; developed engine trouble and in tempting to make a landing the plane ] 5 Temperature. H ‘was smashed. B e —_—— satiws, & 35 ES & Mme. Joffre, wife of the French 3 53 0] = weather |gencral. 'has established a muscum E: an " in Paris to house the hundreds of EF 27 gifts and mementos received by her and hcr husband on their world tour. Abllene, Tex. 29.68 Albauy 30,44 Asbury Fark ..... Atlantic City 3042 3.042 Cloudy Preloudy { Pt.cloudy { i e 15 1| Gafe Deposit Vaults | mare now i Gis | onle TePOsiiva ' Chieava s Clowdy We have several :;fp-'-:‘:;lj';:é" 5‘«;}:{ large pri\'/zn_lo Detroit .. Rain vaults, 2414x39 El Py Lmes Clear 4 211 Galveston .. 30,02 Pr.cloudy | || x21%; for rent. Harom 63 30,08 Caty ||l Safe Deposit Department rom, 613 30 Cloudy Jacksonville. 30.24 72 Cloudy | .afc epositiicparonen T “Angeies, dow o8 ey on Angeles, #0. lowty . . s 8 Cloudy Federal-American National k3 Clear ] Cleat Bank 34 Cloudy % Clear Philadelpiia, 3042 40 oudy 1315 F Street Phoenix,Ariz 29.96 68 Clear Pittaburgh.. 30.08 32 Cloudy — S = Portland, Me. 30.44 20 Portlandyore 206 30 Raleigh,N.C. 30.30 &0 8. Lake City 20.74 50 Antonio 2090 80 Prcloudy Hnow Cloudy Cloudy Cloudy Cloudy Notice to Stockholders FLORIDA FINANCE CORPORATION Of Tampa, Florida. At a meeting of the Board of Directors of the Florida Fi- nance Corporation held Decem- FOREIGN. .. Greenwich time, today.) Temperature. Weather. 36 Clear 34 Copestingen, Gibraltar, § Horta (Fayal), Hamilton, Bermuds R Rnn L ber 2, 1922, the fifth semi-an- Colon, " canal” Zor nual dividend at the rate of § —_— CHARGES POLITICS IN POSTAL SERVICE (Continued from First Page.) per cent per annum on Prefer- H red Stock and 2 per cent per | annum on Common Stock was declared as of December 1, 1922, payable December 10, 19 to | an fuly paid stockholders of record. | Florida Finance Corporation. E }l Hoover in_ the cabinet, wholesale changes solely on a political basis ! were not e y to bring about, but un»l der the influence of such ‘men as Daugherty, Dover, Work and Bartlett | justification was found for manipula- i tion of the service and in some cases for the dismissal of employes without ! regard to the provisions of the law | which requires a statement of reasons therefor.” ! Other subjects dealt with in the; council's report, which was submit- ted by A. R. Kimball of Waterbury. Conn., chairman of the council, in- cluded alleged spoils appointments in the prohibition enforcement service. | appointments in the diplomatic and consular service, veteran preference in appointments in the federal civil serv- ice, classification and reorganization of the federal civilian service and nation-wide extension of the merit! system in the states. I Merit Is Criterion. i President Harding's administration is commended in the report for “an earnest effort not only to retain and promote persons of long experience and efficient service, but also to ap- point to diplomatic posts persons with | some qualifications in diplomacy. To a greater extent than any of lls‘ predecessors,” says the report, “the present administration has appointed as assistants to the Secretary of State persons trained in the forelgn service. it has adhered strictly to the policy | of making appointments and promo- tions of consuls and secretaries in| the diplomatic service for merit| alone.” ! The report urged upon Congress the | repeal of the veteran preference pro- visions of present laws. “A majority of the veterans came out of the Army better fitted for life than when they | went in,” said the report. “A vet- eran who is worth his salt will want | to stand on his own fest and not be! dependent on special favors for his future existence. It is only the dere- | licts and the meriocre veterans who | will seek the advantage of the pref-| erence given him in the civil service. | The preference law was never justi- flable. Its ultimate repeal is impera tive. H The report urged dmmediate action | by Congress on bills introduced by | Senator Sterling and Representative Tinkham, which would bring prohibi- | tion enforcement offices into the clas- sified service. ‘While desiring a more comprehen- sive reorganization, which would cen- tralize control of the federal employ- ment problem in the Civil Service Commission, and provide for the merit | system and justice for all employes through the introduction of modern employment _methods, the league in: dorsed the Sterling-Lehlbach reclas- sification bill as a “step in the right| direction,” and urged prompt and fa- vorable action upon it by Congress. | Field Division. | The report announced the establish- t ment of a fleld division, which will | undertake active work in varfous! parts of the country to secure the ' adoption of new state civil service By W. F. Miller, Pres. V. W. Helm, Sec'y-Treas. No loss to any investor in 49 years Cash Your Victory Bonds Ityou hold any of the Victory Notes called for redemption December 15th, bring them to our officeand we will cashthem for you without charge. This applies to all 4% Victory Notes having the letter A, B, C, D, E or F prefixed to the serial number. e F.H.SMITH CO. ounded 1873 1414-1416 EYE ST.,N. W. First Mortgage Investments i | i| | No Loss to any investor in 49 years | EQUITABLE Co-Operative Building Association Organized 1879 434 YEAR COMPLETED Assets Surplus . Systematic Saving A plan to make saving easy— Save a little each pay day and you will be surprised at the llmoun! accumulated in a short time. Subscriptions for the 84th Issue of Stock Being Recefved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. National Mortgage and Investment Corporation Will Parchase First and Second Trust Notes Warehouse Receipts and Make Construction Loans On a Fair Basis 811 Vermont Avenue N.W. o'clock last night. | ‘The Kayser is bound from Savannah for Bremen and Hamburg. The Columbia National Bank 911 F Street Worth-While Christmas Gifts for Your Boys and Girls 9 Our suggestion to fathers and mothers is that your Christmas Gifts to your children be in the form of Capital, $250,000.00 Savings Accounts. 9 Such gifts prove positive influences for good, inculcat- ing permanent habits of thrift that foster SUCCESS. 1 Our Savings Dept. accepts initial deposits of One Dol- Christmas gift accounts may be opened lar or more. NOw. 27 NEW SILVER AND GOLD COINS, IN ALL DENOMINATIONS, MAY BE HAD HERE, FOR HOLIDAY PRESENTATION 3% Compound Interest Paid on Savings JAMES A. MESSER, i’resident JAMIN W. GU e President First Mortgages offer First Mortgage investments of the | In every loan offered the soundness of value and title of property have been thoroughly investi- gated and approved before being accepted as our own in- A\ character. vestment. These investments are offered to the public with our highest recommendation. The interest return is attractive for this high type of security. pages helps finance this community, and the sccuri right here at home where you can make personal inve gation if you want to. MAIN 2100. In amounts of $250 and up “Over a Quarter of a Century Without a Loss” B. F. SAUL CO. OPEN AT 8:30 A. M. DAILY Surplus $250,000.00 FRAVK J. § Vies President ARTHUR X Assist Investment in these Mort- 1412 EYE ST. X.\W. First Mortgage Notes BEARING I Seven Per Cent Interest | We now have available for our clier :mber of 7% First Trust Notes. ~ides opportunit tunds at a v ¢ attractive s a limited This issue pro- safest investment of one’s erest rate. $100—-5250—-8500—51.000 813 15th St. N.W. ALLAN E. VA, l gER | MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST RcndallHe Noner e wez 1207 Crnecticut (Brenue How Modem Are You? character. 7§ WAL Are you modern and progressive enough to know that it is considered a disgrace to be a spendthrift? nothing picturesque in wasting one’s money—only foolishness and lack of The modern man saves his extra dollars, invests them, reinvests the There is interest and further savings, and is ulti- mately a man of position and stability. Our First Mortgage Notes on improved Washington real estate is a safe invest- ment for hard-earned savings. Unfluc- tuating, exceptionally safeguarded, gen- erous interest unfailingly paid. The notes are in convenient denominations. 53 Years Wthout Loss to an Investor HenseyCo.