Evening Star Newspaper, April 14, 1923, Page 15

FINANCIA The Yearly Losses THE EVENING -STAR, WASHINGTON, D.. ¢, SATURDAY, APRIL 14, 41923. 'FINANCIAT! Secured by @rst deed of trust on real estate. insecured inves Frovalling uterest and. commisaion. e g Joseph T. Wellar 420 Worhi T, & Trust F_n.w. 0 First Mortgage Notes : - Bear & record of 100 per cent safe. Never ON FIRST MORTGAGES has one of our clients lost as much as single penny in elther principal or interest. MONEY TO LOAN Foreign Exchange Quotations By Radio Dall at 10 o'clock from Sta- tion WIAY of Woodward & Imhrop the latest quotations will be broadcaste Rates by private wire from New York. Special phone, Foreign Depart- ment, M. 8. The Washington Loan and Trust Company 900 F Street 620 17th Street Money to o Loan Large Amounts -mlltni‘zldwlengintfilxt;fipeflltl Prompt Action WEAVER BROS. " 15th St. FOR RENT OFFICE SPACE 804 17th Street Northwest Whole secor floor—1,400 square fect-—fu d or un- furnished. Rent very reason- able STONE & FAIRFAX 1342 New York Ave. N.W. REPORT ozr'l‘_xr-l'r;nroxornn.\' NORTH CAPITOL WSA\'L\'GS BANK. ashingt S1.688.91 | We Have on Hand A limited amount ia demominations of $250 Up to $5,000 Bearing 7% Interest For Full Particulars Apply Loan Department. Chas. D. Sager 924 14th St. N.W. Main 36. ‘Rental Agents Over a quarter of a century experience. RENTS B. F. SAUL CO. Mortgnge Loans 1412 Eye St. N.W. Phone Main 2100 SLOANS? From 4100 to 040 oo D. C. 2 estate_and housel ds. tels. 7 per cent eremee o brobe. age charged, Come in and let us ex- i.r‘.. our method of making loans. Commercial Loan & Finance Corporation Room 211, 921 15th Bt. N.W. Ssstem Copyrighted & Patent Pending. LOANS If you have money to invest, we can safely place it on gilt-edge first D. C. Mortgages. Our record of 30 years insures your pro- tection. Courteous treat- ment. AT CURRENT RATES OF Iy Copuepiept Depemipatiops For Ipuestors H.L.Rust Cowpapy an Safe Depesit Boxes at Very Moderate Rentals Capital and Surplus 000,000.00 912 Rfteepth Street --- Main 6888 Now Serving 2,000 Depositors From What Do Fortunes Grow? ¢ Thrift is the seed which generates most fortunes. Just plain, every day re- spect for dollars and cents—careful spending, steady husbanding of cven the smallest sur- Serial Payments and Monthly Payments: We ewn and offer, when, s, and if issmed, and subjed? to approval of counsel $8,000,000 Certain-teed Products Corporation First Mortgage 6%% Serial Coupon Bonds (Safeguarded under the Straus Plan) DATED: April 30, 1923 INTEREST COUPONS DUE: May 1 and November 1 Federal Income Tax Paid up to 2% Pennsylvania and Connecticut Four Mills Tax Refunded CAPITALIZATION The capitalization of the company, after giving effect to the present financing, will be as follows: Authorised Tosued $8,000,000 33.000‘000 15,000,000 5,000,000 500,000 shs First mortgage 6%4% serial bonds (this issue).. First preferred stock 7% cumulative. . Second preferred stock 7% cumulative Common stock (no par value) . .ava.. STRAUS PLAN AMORTIZATION UNDER&:W::;;fhmmrfi&ehmdsmnfiofimvuflo;nhlmmmd-e coupons being pa twice a year. In order to assure prompt payment of both rerest in cash on the days due, the trast the proximately ‘mately M”ZD.OOOIV‘.‘!W retirement of the bonds. The fized charges under the Strans mortgage and the method of meeting them by monthly paym: are et forth in the following table: PrEcatiiveiysions Maturity Principal Toeal May 1, 1925 $760,000 May 1, 1926 759,400 May 1, 1927 757,825 May 1, 1928 755,275 May 1, 1929 May 1, 1930 May 1, 1931 May 1, 1932 May 1, 1933 May 1, 1934 May 1, 1935 May 1, 1936 285,675 Average Monthly Payment $63,333.33 6328333 63,152.08 Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. EQUITABLE Co-Operative Building Association Organized 1579 43d YEAR COMPLETED Anets . X . SapmedRate of Interest Surplas ' aid on Large and % . fOur TRUST DEPT. Serves in Slii i 5 Small Accounts Systematic Saving ; Al Fiduciary Capacities. : HESE bonds are 2 closed first morrgage obligation of the company, constituting > sole fandei Prepare to meet any emergency fa - o | | I ; e bt : S fengicn the tutore by opening an ‘account and OFFICERS: DIRECTORS: ! “::bt mdb:n: secur y:nd";flbem ien on all the land, buildings, equipment, machinery, ctc sayingwifiiing (A eyelematic Manngr. WILLIAM D. HOOVER ....President | Woodbury Biair Willlam D. Hoovar SSpscHwi S fie WOODBORY SEAIS . - Pres. |38 Bychagan | Regioald 5. Huldekoper The puspose of this financing on the pact of Certain-teed Products Corporation is to purchase the 84th Issue of Stock £ Sghuny Yicr Keufimtn planits 58 foaperties) o Cootes Linolssa Conpany nodiSeandast Talaid Manufacturing Company, e Miaskal both of Trenton, N. J., among the best known manufacturers of linoleum products in the United States; and Acme Cement Plaster Company, St. Louis, Mo., leading producers and distributors of gyp- sum and gypsum plaster products; lndtorzfl!'emmdmzpurduk moaey obligations issued in 1920. . Jr. Lamund D. Rheem The company operates and paint plants at York, Pa; Niagara Falls, N. Y_; Marseilles, Iil.; East St. Louis, lll; Richmond, .; St. Louis, Mo.; linoleum and oilcloth at Philadelphia, Pa. and Trenton, N. J; gypsum plants at Acme, Tex.; Acme, Okla.; Acme, New Mex.; Grand Rapida. Mich.; Laramie, Wyo.; Cement, Okla.; Gypsum, Ore. Certainteed Products Corporation, already the largest prepared roofing manufacturers in the world, thus takes a further step in its policy of steady expansion toward a complete and fully diversificd unit in the production of high quality products. These large additions to its present manu- facturing facilities and administrative organization mean the completion of its line of products for the coustruction, protection and equipment of buildings, and for the distribution of these closely related necessities through the same channels, climinating all avoidable wastc. May 1, 1937 256,750 May 1, 1938 226,200 May 1, 1939 X 194,025 May 1, 1940 160,225 May 1, 1941 X 124,475 May 1, 1942 . 86,775 May 1, 1943 46,150 TOTALS $6,063,200 $14,063.200 Denominations: $1,000 and $500 bonds in all maturities; $100 bonds in last matarity only. pluses. | Some forty-two thou- sand depositors have “fortunes” growing in this time-tested bank. Join this big family of thrift - workers THIS PAYDAY — practically any amount will open an interest-earning account. 62,012:50 From data on which we have based the purchase of these bonds and from a letter of Mr. Georg- M. Brown, President of Certain-teed Products Corporation, duted April 10, 1923, we summari-c Purpose of Financing: Being Recelved E. PERCIVAL & R CLLMER, Shares, $2.50 Per Month DAVID BoI EQUITABLE BUILDING Natlonal Savmgs & Trust Co. 915 F St. NW. Oldest Savings Depository_in Washington JOHN JOoY D8O Prealdent FRANK P. REESIDE, Secy. Year Cor. 15th and New York Ave. 1 ok W. st Fenning Willlam i1, Waiker A Trust Officer Prescott Gatley Henry K. Willard wore notice) postal sasiigs: Certificates o deposit (ther business was founded in 1904 and has a record of steady expansion and growth until it now covers the United States and extends into many foreign lands. For nineteen successive years the company has shown a profit each mr.mdur{ngd:en'yml times of 1920 and 1921 when many industrial corporations showed losses. It is important to note that the company’s business is not dependent on new building or building booms, since a very large portion of its sales are for purposes of rehabilitation, repairs and replacerents. ESSRS. Ford, Bacon & Davis and Messrs. George W. Goethals & Co. have appraised the M sound value of the company’s fixed assets as of approximately March 31, 1923, at $17,092,327, equivalent to $2136 per $1000 bond. Net tangible assets are equ.w.lmstriss per $1000 bond. Thzmenetprofiu-ludq;mmddepluwmhnbdminmu:mduxnfmzhe&ve years ended December 31, 1922, as certified in part by Marwick, Mitchell & Co., and in part by n.mbm\z:dg. Guthrie & Co., are equivalent to 2.9 times the greatest annual interest charges on 7 the ‘ ! Z hess Earnings during the last 18 months are greatly in excess of this ratio. SI‘E\’ ENTH STREET the northern and southern sections of Washington were sep- : The company deals only in the manufacture of basic necessities in the building industry essential SAVINGS BANK arated by a canal, spanned by several weoden bridges. The to the everyday life of all communities. e LR T southern part of Washington at that time was known as the of the issue will be approved and the trust ge and bonds will be drawn by Mr. “Island.” Through other parts of the city ran Slash Run. Hun- Nichobs R Jones and Messrs. White & Case for S. W. Straus & o Incorporated. and the trustee: 5 and Messrs. Cravath, Henderson, Leffingwell & de Gersdorff for the l—fln‘ corporation. Title to the dreds of acres in the extreme northwest were covered by Slash propertics will be approved by local counsel under the direction of the foregoing attorneys. Run Swamp, whose nightly vapors rendered the bordering heights tenantable only at risk of malarial fevers. Tseal)” Corrort-— Attest. 54 Years Ago REPORT OF, THE CONDITION 1. aTonis snd di ing rediscou of other bani We have purchased these bonds after careful investigationand offer them with our full recommend- ation as a safc investment for sums of any amount. - §1,030,004.87 10400 Price: Par and Accrued Interest to net 6%2% from date of delivery CALL OR WRITE FOR CIRCULAR 153-G (The tnformaiten conlained in (his advertisement, whils 13 Uhe T ormanan on BNIKhs heoe $a30d eur PErerEse of (Aast SomaL) S.W.STRAUS & CO. ESTABLISHED 1882 OFFICES IN FORTY CITIES INCORPORATED And Now in the City of Magnificent Distances are to be found some of the most beautiful buildings erected near the sites of the old canal and swamp. 37 Capltal stock pai syl "ini Y In these 64 years, Swartzell, Rheem & Hensey Company, Qertified chee through its First Mortgage 6% Notes, has played an important ) part in making Washington America’s most beautiful city, besides furnishing for investors a safe and profitable form of investment. penses, interest and taxes paid 600.755.13 NATIONAL METROPOLITAN BANK BUILDING b " WASHINGTON, D. C. nk | deposits). | e Telepbone Main 5847 . 41 YEARS WITHOUT LOSS TO ANY INVESTOR for mouey b s 850000 9. Dividends unp: 2 $604, posits flllylhll after At Swartzell, Rheem & Hensey Co. AR e 727 15th Street Northwest Topa o fime Grmony, i Washington, D. C. 54 YEARS WITHOUT LOSS TO AN INVESTOR ief. d 3.D. HOWb‘A'RI’I ’lYanr.lfn ’ ....m awora o bafore mi ar7 o8 April, 1023, Sy {sea1)) S P, Notiry Fablc, Oorrect—Attes ’