Evening Star Newspaper, December 14, 1922, Page 27

) p———— For a Big December : l-:_fr}l':p We’re almost reckless with enthusi- Shop at asm when it comes to under- HIRSH'S pricing these new styles, reduced from $5.75 and $6.50. ; . W Not only a “price sale,” but correct shoe ¢ style and quality as well—“Putting ) over” a great big Christmas month busi- ness with HIRSH-designed merchandise at the lowest price possible. g ANY NUMBER OF STYLES Ay - ALL SIZES . AND WIDTHS i ; COLONIALS Black Satin, Patent with Gray . Suede ’ Trim, Patent Brown Suede Triin, Black g Satin with Patent Trim, and All Patcnt. OXFORDS Nut Brown Calf, Black Calf, P Patent Plain Toe, Mahogany Calf, Black Vici Kid. / STRAP PUMPS Patent Cross-Strap, Wishbone Straps, p Colonials, y g Front Straps Women’s and 2 e Growing Girls’ High French and Military Heels v Tan and Black on Pumps %) LI S Military and Low Walking Heels fi $3,95 on Oxfords @ SENSATIONA L OFFERING 3 Women’s Felt Comfort Slippers, 77¢ fi Ribbon trimmed with pompon or paintéd fronts, padded soles. 9 5 HIRsH'S SHOE STORES - 1026-1028 SEVENTH ST.NW. / S FENNY LIND SHE OF TAE GOLDEN VOICE, WHOSE NAME SEEMS TO BE A VERY SYNONTM FOR SONG—A4 NAME THAT SHINES BRILLIANTLY EVEN IN THE BRILLIANT LIST OF THE WORLD'S GREAT MUSICIANS WHO HAVE USED THE » IT was that glorious piano that blended so beautifully with the voice of this great singer. 1t was the Chickering that she loved so w'cll and demanded in all her concerts. It was the Chickering on which she played her own accompaniments to the old songs which enraptured the great audiences who never wearied of listening to her voice —one of the most beautiful of all time. is associations sach as this that have made the name Chickering 1 word throughout the world, and just as in Jenny Lind’s time o today the noble tone of this great piano is the delight of the greatest artists. Pianists, singers, violinists, all acclaim it, and in the homes of our music-loving publicit voices the sentimentand beauty of musicin its highest sense asit has done now for ncarly a hundredyears. The Chickering, both grands and uprights, may be. bought on easy terms of payment. The Chickering Piano Used by JENNY LIND In her memorable concert at Castle Garden on September 11, 1850 is now on exhibition at our warerooms Arthur Jordan' Piario Co. G St. at 13th " Open Evenings FORD. . PLANNED Freer' Collection May Be Placed on Exhibition Next Spring. 200 PARK IS POPULAR Report Shows More Than Two Mil- lion Visitors Dur- ing Year. Opening of the Freer Gallery of Art to the public during the coming spring was a probability pointed out in the annual tion made to the board of regents at day. The report also pointed out that the National Zoological Park had one of the most successful years in its history. sident Coolidge, Chief Justice nators Lodge and Stanley, Bonrd Hears Reports. The reports of the executive and permanent committees, the report of {the National (i f Commis- secretary "d by the rev wplished 1 detail the work expeditions and the g ade in the | c talhguing of the collections and on t of the interior work on « that thi pted with r ns of Amer oriental art to the Ame by the late Charles L. Freer, m ed to the public during the com- pring. report further says that National logical Park had one of Ithe most su ul y e ment. The number of 600,000 i rumber of minor improvements made to the cages and buildings was made on gertaln I needs of the park re a s iérve the over-incre; & number of visitors and a new birdhouse for the ‘lmuorlam collections of rare beautiful birds now shown in a ver. | inadequate building Stady of the S servatory continued {nection with the study of the sun. #3 iboth in this city and at its fleld s ions in Chile, Arizona and California. dDaily observatiens are made on the its work in con- to establish the conn ween thes, tion ariations and ge ce and the internation I-catalogue of scientific literature, and concludes with a detailed account of :ihn various series of scientific pub- i lications fssued by the institution and i branches. BURTON FOR FIRM STAND N EUROP Fhat the United States could of aid ope best by tak the fundaments its foreign pol *h door everswher:” i - ence upon “common use of interna- tional channels” and “advocacy of the settlement of controversies betwecn natiohs by arbitration,” was the opin- i!un expressed last night by Repre- sentative Theodore E. Bairton sf Ohio, !!pe-kinx before the Washington As- sociation of Credit Men at the City Club. Mr. Burton is & mamber of the allied debt funding commission. “For Europe.” he declared, “the {remedy is not in cancellation of in- debtedness to us. but in the adoption of more rational fiscal policies, the {abatement of military expenses, and ||n the suybstitution of relations more 1 <ensible and more just for the present iattitude of distrust and repulsion.” Deplores Rigid Rale. of the statute enacted for a debt comm 3 can forecast the t¢ of interest upon national | he said v 3 y cond ment | -and- | no one t. The tife for p: be fixed by any hard Deelaring the world “not for a mo- ment advocateds the release of Ger- many from the paying of an nity as great as she can bear,” Mr. Burton said it was “not desirable to reduce that people to the condition of serfs and Impose upon them, as well as upon generations unborn, a burden so staggering that they are unable to carry it.” “It 18 not best for them,” he as serted, “nor the rest of the world.” e e report of Secretary | Walcott of the Smithsonian Institu- a meeting held at the institution to- ! at the meeting were: THE EVENING STAN, WASHINGTON, D. O, THURSDAY, DEOEMBER 14, 1022. ELEREVEREREREDCRERETERER ||| ART GALLERY % two geuerations, again. Announcement of the rediscovery of Perrine’s comet was'miade by the Har- vArd College Obse , in & cable- m from the- c ureals of as- gonomlenl telegrams at Copenhagen. Nakamura, a Japanese scientist, re- ported having spotted the wanderer on | of November 29. The position which he st of the star Procyon, midway between the con- stellations Monocheros and Hydra. In magnitude, the comet is. gom- Taratively faint. but in point of Dpe;g the dally motion was said to Its flight is in’' & south- Has béen sighted ) The Harvard observatory announces also an ohservation -from Prof. A. O. Leuschner, director of the students’ observatory, University of California, that may change the name of Skjellerup's comtet by 1déntifying it as Brooks' comet. The latter, after a brief career in our skies in 1892, Awept along ‘out of sight If the’ comet attributéd recently - to ‘Skjel- lerup, who reported it, proves to be that of Brooks, the latter will have been added to the group that have closed their orbits by reappearance. Computafion African astrononer, place the probe — able time of perihélion pas this comet #8 Baade's comet, thitd of the travel- ors through the storry spaces that is S Deposit v q inder’ astronomisas syes, 1o maning |[| geete DT Capital and Surplus Over 41,000 Knowh - AL} Trdiearioneare 1t fo one | Il sescrate Restar 2,000,000.00 Depositor hose W ash ‘once through || Meserate Rentals A opost: our heavens, From Apswers, London. Thespla—If you never acted better in your life, how was it the play rection. | tatled? Foyér—I took the part of a land- || lora and made it so true to life that ' J§ 1 was hisi —_————— Doctor .(to mil little fellow being | examined for life don't dissipate, do you? Not a fast Hver or anythin, Little eandld, doctor, I'th rathér addicted to dominoes.—London Opinion. By « Wood, the: South v oA ge for = : New. Year day. = Now Serving er to appear again. Too Expressive. Make Yourself a Gift + This Christmas | ‘Open an interest-earfing account at this old bank, and | do - it. right away THIS PAYDAY. d oft the stage. insurance)—You of ‘that sort, eh? ones—Well, to be perfectly 4 You toil for your dollars I EQUITABLE Co-Operative Building Association Organized 1879 43¢ YEAR COMPLETED Systematic Saving A plan to make saving easy— Bave a little each pay y and you will be surprised at tg. amount aceumulated in & short time. They return 6%, payable qua: —turn the tables and bank a few to work for you, so future Yuletides will find you more independent of the salary envelope. ¢ Almost any amount w an interest-drawing account. If vou don’t want such a gift your- «elf. why not open one for that hoy or girl of yours Large and Small Accounts Earn the Same Rate of Interest cruing to_the purchasers of DIRECTO ¢ Gold Debenture Bonds. and are supported by Charles Minshell Frank W. Rtore William H. Walker RTETAC AR. C. LAMBOR! E. PERCITAL WiLk Asst Tr. the | restaurant building to ! The Smithsonian astrophysical ob- { Mr. Barton, “while seeking to obey | | | ! i | i | | THREE COMETS FLY | - INSHESATONCE By the Associated Press. CAMBRIDGE, Mass., December 14.— The specticle of three comets swing- ing through the skies is afforded as- tronomers _for the first time in years. To the two comets, Skjellerup's and Baade's, that have been under obser- vation for weeks, another was added yesterday. The tatled-star known as Perrine’s, making another visitation to our stellar system after an absence of No-Kol No-Kol No-Kol Automatic Oil Heaters 1 have a limited number of Heaters used not over two months, guaranteed to be in first-class mechanfeal condition, -ht a greatly reduced price. Will install. Call Columbiz 1648 Subseriptions for the 84th Issue of Stock . Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F 5t. N.W. JORYN JOY EDSON. Preaf REESIDE, FRANK P. . ULLMER CE BA! 2 m. Asst. Trast Oficer | Fredorick A. Fes . Asst. Trust Officer | H. Prescott Gatley Our Circular gives full ‘Yours for the asking Commercial Loan and Finance Corporation Bond Department. Rosm 200 Phone M. 5673, 921 15th St. N.W. 55th 8000 Shares 79, Cumulative Preferred Stock . 8000 Shares 79,-109% Cumulative Second Preferred Stock 4000 Shares Common Stock (Voting Trust Certificates) : Of Manufacturers’ Finance Company (A Delaware Corporation) 12,000 79%:-10% Preferred Beneficial Interest Shares Of Manufacturers’ Finance Trust (A Common Law Trust) 5 > Par value of all issues $25 per share Preferred stock of Manufacturers’ Finance Company redeemabls (after « isnue) at, $20.00 per shars avd accrued dividends: second preferred stock of Com redeemable (aftér one vear from dafe of isgue and after retirement of all of preferred stock per share and accrued dividends: preferred benefirial interest aret Finance redeemable (alter one year from date of iesic) at $27.50 per share and acerued dividen Capitalization ef Manufactarers’ Finance Company is as follows: i (Including the above issue) anufaciurers 2751 Authorised and 1o he - presently outstanding 7% Cumulative Preferred Stock... ... $1,000,600 7%-10% Second Preferred Stock _ $1,000,000 Commeon Stock. . - $1,000,000 Capitalization of Manufacturers’ Finance Trust is as follows: S (Inclnding the above issue) 7%-10% Preférred Beneficial Interest Shares. Common Benefitial Interest Shares Prom a letter dated Decembder 8, 19822, a copy of which may be seen on application and to which attention is directed, and other information suppkied by Mr. V. G. Dunnington, President of the Manufacturers’ Finance Company and the Manwufacturers’ Finance Trust. we simmarize as follows: BUSINESS: The business of the Manufacturers’ Finance Company has been profitably conducted since early in 1910. It is the oldest of the so-called Commerciai Banking Companies, with headquarters in Baltimore oper- ating on the non-notification basis. Its business consists of the purchase of open accounts, acceptances. drafts and notes receivable from reliable manufacturers, wholesalers and jobbers. The sellers of the accounts, etc., guarantee payment to them for 100%. The Manufacturers’ Finance Company makes payment for about 80% of tge Accounts, etc., at the time of purchase, the balance being paid as the accounts are col- lected. The Manufacturers’ Finance Trust is being organized for the purpose of conducting the business of purchasing accounts receivable, etc., in the State of Illinois and in states adjacent thereto. The entire issue of common beneficial interest shares of the Manufacturers’ Finance Trust will be owned by the Manu- facturers’ Finance Company. ASSETS: The assets of the Manufacturers’ Finance Company are self-liquidating, consisting principally of cash and guaranteed accounts receivable, covering shipment of staple merchandise, the average payment of which accounts are about 45 days. The combined capital, surplus and undivided profits of the Manufacturers’ Finance Company (after giving effect to this issue and to the payment of certain dividends on its stock already declared payable to stockholders of record December 6th, 1922) will be $3,609,014.87. The Manu- facturers’ Finance Trust will commence business with approximately $500,000 in cash. EARNINGS: The net earnings of the Manufacturers’ Finance Company for the eleven months ending November 30th, 1922, were at a rate exceeding 5% times the dividend requirements of 72 on the preferred stock (in- cluding the additional preferred stock about to be issued), and after allowing for the dividend requirements on the preferred stock, were at a rate exceeding 41¢ times the dividend requirements of 7% on the second preferred stock (including the additional second preferred stock about to be issued), and after allowing for the above mentioned dividend requirements on the first and second preferred stocks were at a rate exceeding 249% on the $1,000,000 issue of common stock. It is reasonably assured that the earnings of the Manufac- turers’ Finance Trust will be largely in éxcess of the dividend requirements on the preferred beneficial in- terest shares, in view of the fact that the Trust will immediately take over a profitable line of business from the Manufacturers’ Finance Company of Missouri. DIVIDENDS: The holders of the preferred stock of the Manufacturers’ Finance Company are entitled to cumula- tive dividends at the rate of, but not exceeding, 7% per annum before any dividend is paid to the holders of any other class of stock of the company; after payment of dividends at the rate of 7% per annum on the preferred stock, the holders of the second preferred stock are entitled to a fixed cumulative dividend at the rate of, but not exceeding, 7% per annum before any dividend is paid to the holders of the common stock and after the payment in any year of a dividend at the rate of 16% to the holders of the common stock the holders of the secopd preferred stock are entitled to share ratably in any dividend paid to the holders of the common stock up to, but not exceeding, an additional 3% in any one year. The holders of the preferred beneficial interest shares of the Manufacturers’ Finance Trust are entitled to a fixed cumulative dividend at the rate of, but not exceeding, 7% per annum before any dividend is paid to the holders of the common beneficial interest shares, and after the payment i any year of a dividend of 16% to the holders of the common beneficial interest shares the holders of the preferred beneficidl interest shares are entitled to share ratably in any dividend paid to the holders of the common beneficial interest shares up to but not exceeding an additional 3% in any one year. LEGALITY: All legal details pertaining to the issuance and sale of the stock of the Manufacturers’ Finance Com- BAKER, WATTS & COMPANY pany and pertaining to the organization, issuance and sale of the shares of the Manufacturers’ Finance Trust will be approved by Messrs. Smith & Smith of Baltimore, for the company, and Messrs. Venable, Baetjer & Howard of Baltimore, for the bankers. And all legal details in_connection wigy the organization of the Manufacturers’ Finance and the issuance and sale of its shares will be approved by Messrs. Ickes, Lord & Cobb of Chicago, for the Trustees. We offer the above shares, if, when and as issued and received by us, subject to prior sale and change in price, in blocks consisting of : 3 Shares 7%-109%, preferred beneficial interest shares of Manufacturers’ Finance Trust. / 2 %Inm of 7% cumulative preferred stock of Manufacturers’ Finance ompany. 2 Shares of 79-109% cumulative second preferred stock of Manufacturers’ Finance Company. 1 Share of common stock (Voting Trust Certificate) of Manufacturers’ eRee MOWPEEY: At $240.00 Per Block HAMBLETON & COMPANY Baltimore, Md. 719 15th St. N.W. Washington, D. C. Baltimore, Md. Woodward Building, ‘Washington, D. C. - lhf-f-t.- eontained in this advertisement are from reltable sources, and while not gwaranteed, are believed te be correct. National Savings & Trust Co. Oldest Savings Depository in Washington -