Evening Star Newspaper, January 9, 1924, Page 27

C. WEDNESDAY, JANUARY 9, 1924, 'FINANCIAL. CONSOLIDATED R()E{P&“ OF CONDITION e RIGGS NATIONAL BANK At Washington, in the District of Columbia. at the close of brsiness on December 31, 1823. THE EVENING STAR, WASHINGTON, D. REPORT OF THE CONDITION ERPORT OF coNnITioN MOUNT VERNON |NATIONAL CAPITAL SAVINGS BANK. BANK hington, in the District of Columbia, at | At Washingten, in the District of Columbia, the close of business December 81, 1923 at the close of business on December 81, 1923, REPORT OF THE CONDITION 0t the Departmental Bank ‘At Washington, in the District of Columbia, at the close of business on Decomber 31, 10287 At EEFOBT OF THE CONDITION SECURITY .SAVINGS AND COMMERCIAL BANK. REPORT OF CONDITION Of the American Security & Trust Company | At Washington, in the Dmg(-z of Columbia. at the close of business on ecember 31, 1923, er banks, and foreign bills of 1 exchange or drafts, sold with indorsement of this bauk Qverdrafts, unsecuired . 8. government securil .mml (including premiums, it Sl 5005748 | 90,205.00 Banking hous niture and fxtus Cash fn vault an from Checks on same ol ing baok ... Total of items 10 and ‘amoy tional banks. her ban| or town as report " due $IT. 4871 < anddratis anks (inelud federal re. bank) 1o ontside of r town of e porting bank.. I Miscelianeous cash Revenue sta tal LIABIL Capital stock paid in s s fund Tudivjded = profits. A Reserved for inter oxt and tases Ac crued . b Resepved 1 count dia- unearned. . € Loss current ex penses, interest and taxes 1Aid......... SLA4 £.078.69 1,086.78 Certified checks outstanding. " 1,483.88 Demand ‘deposits (other than ik depos tx) subject to re serve (deposits payable within 30 days): lual “deposits subject X z ndy Total of demand deposits (other than bank d or more ful savings) deposit (athe borrowed) ... vabie (inciading all representing borrowed than Liabilities ~‘ofher thau stated. «“ those Distric bia, City of Washington, s [ 3 . cashier of the above-named | bank, 1y swear that the above scate- | n e o the bext of wy knowledge and beliet. . C. BOCK, Cashier. . & Loans . Cash in v . Surplus fund . . Undivided profits . Amount due to state RESOURCES, tiscounts, includ- unts, acceptances ks and foreign ge or drafis, indorsement of nd ing e of other bills of exci wld with this hank Overdrafts, seci Furniture and Axtures. It and amount due from national banks. . Amount due from state ban bankers and trust companies in the United States (other than included in item 10) xclunges for clearing hous hecks on other banks in the mame city or town as re- porting bank (other than item 12). Totsl of n.-mu 10,11, 2 bnaa on banks (including Federal Reserve Bank) located ont- xide of €ity or town of reporting bank..§2,370.74 b Mise cath Otlier assets . Total LIABILITIES, pital stock paid o a Reserved for fnter- est and taxes ac- crued e 4,000.00 b Reserv - 00 preeiation .. Amount due to national banks banks, bankers and trust companies in the Unitea States and for- elgn countries (other than included fn ite el . Certified chech . Cashier's checks bank deposits) subject to re serve (deposits payable with in 30 days): . Individual deposits sublect to cheet Certific less. than for m Dividends unp . Other demand depasits Total of demand depoxits (other than bank deposits) subject to reserve and 31 Time deposits subjéct to serve gS) : Certifientes of deposit (other than for money borrowed) .. time deposits. o of time deposits reserve, items 111,892.49 3.292.00 $160.000.00 65,000.00 . 1,100.312.47 RESOURCES. 1. & Loans and discounts, includ- Ing rediscounts, acceptance of other banks. and foreign Bills of exchange or drafts. sold ‘with indorsement - of this bank Overdrafts, s unsecured, $60.5 U. 8. goverum owned Deposited to se- cure circulation (U, 8. bonds par value) b AIl other United Btutes went wecurith (including pre miums, if any). Total . . Other bends, stocks, ‘se . Dankiog niture an Lawful reserve with reserve bank . Cash in valt from national banks - Amount due from state banks, bankers and trust companies in the United States (other Ithan tncloded In tems 8, und 10, sxchanges for clearing hou Checks on_other bupks in sule ity oF town 4 repor fug bark fotler $har item federal treasurer . 6. Other assets, Total . LIABILITIES. Capita® stock paid in. Surplus fund . ndivided pro & Reserved for Circulating notes outstanding. . Amount due to Federal Reserve Bank (deferred credits) . Amount due to orign countries n included in item 21) . Certified checks outstanding Cashier's checks ontutanding Total of items 21, days): 3 hul‘hk‘l‘ull deposits subject to . ndy o e g e (otaer than bauk deposits) subject to reserve, iten 26 and 30 36,02 Tiwe deposits ‘sub serve (payable after 30 d or subject to 30 dayw pere notice, and pos Postal savings deposits. Total of time deposits §970,066.38 437.63 241,350.00 452,307.50 50,000.00 185,208.02 189,787.28 | 58,020,901 152,705.00 4,048,852 19,070.61 1. a Loans and discounts, 8. Banking ho 25. Cashier's checks outstanding RESOURCES. including rediscounts, acceptances of other banks and foreign bills of exchange or drafts sold with Indorsement of this bank ... 2. Overdrafts, secured, $1,089.83; unsecured, $7,836.04 . U. 8. goyernment securities owned: a Deposited to secure circulation (U. S. bonds, par value) $100.000 : b All other United States governmon: securities (including premiums, if any). a $95,000.00 $779,241.44; fu nllum building accounts, $1.085,668.67. . Lawful reserve with federal reserve bank.... Items with federal reserve bank in process of collection. . Cash in vauit and amount due from national banks . Amount due from state banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10). . Exchanges for clearing house . Checks on other bunks in the sam city or town a ing bank (other than item 12). % 5 Total of items 9, 10. 11, 12 and 13........." '$4,406,281.67 . a Checks and drafts on banks (Including fed- eral reserve bank) located outside of city or town of reporting bank. . b Miscellaneous cash items..... mpunl 68.814.76 8,353.85 . Redemption fund with U. 8. treasurer and due from U. S. treasurer . Other assets -$17,831,034.15 8.875.87 3,955.37 2,975,238.02 1,904,447.09 2,076,078.10 $91,443.72 2,273,176.63 | 175,969.35 469,976.50 595,115.47 77,168.61 5,000.00 Total LIABILITIES. Capital stock paid in.. i . Surplus fund .. . Undivided profit: a Reserved for interest and taxes nccrund b Reserved for contingencies $747,804.54 89,681.71 33,48951 . Circulating notes outstanding Amount due to federal reserva bank (deferred credits) Amount due to national banks.. . ‘Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than in- cluded in items 21 or 22). . Certified checks outstanding " §4.979,121 biect to re Total of items 21, 22, 23, Demand deposits (other than bank de| rve (deposits payable within 30 da: . Individual deposits subject to check Certificates of dcposit due in less than 30 day for money borrowed). 5 . Dividends unpaid . Other demand deposits Total of demand deposits (other than bank deposits). subject to reserve, items 26, 27, 30 and 31 .$17,700.411.38 Time deposits subject to reserve (payable after 30' days, or subject to 30 days' or more notice, and postal savings) . Certificates of deposit (a(her than for money borrowed) . Other time deposits . Postal savings deposits Total of time deposits subject items 32, 34 and 35. ¥ . United States deposits (other than postal savings), including war loan deposit account and deposits of United States disbursing officers . Bills payable (including all obligations represenklns money borrowed other than rediscounts) . Notes and bills rediscounted, including acceptances of other other than to reserve, $35,366,501.66 . $2,500,000.00 1,000,000.00 850,955.76 100,000.00 264,091 1,338,119.90 ,294,130.11 40,319.85 42,446.14 . 17,181,391.40 505,053.96 566.22 13.399.80 1.465,568.2 1,800,000.00 At Washington, in the District of Columbla. the close of business vn December 81, 1023, sold with this bank Overdrafts, ‘unsecurid. ). 8. government securities owned . 5. Other bonds, les, ete anking fxtures . Cash i vauit and from nati . Amount due from state banks, bankers indorsement stoeks, securi- nges for clenring Mok ot item * 10, . b Miscellancor . Other asset terest and taxes accrved ......... 22. Amount dué to national banks. . Amount due to st bankers and nles o the U and foreign cou than {0 . Certified . Cashier's checks Total of fiems Demand’‘déponita {other than bank deposite) subject 1 reserve (deposits payable within 20 d . Individu check 29. Depos! % less than 30 days.. . Dividends unpaid ............ Total of demand deposits (other than bank deposit ubject 1o reserve, items aud 30......81.900,819.76 Time deposits werve (pay lays, or su or more no avings): Certificates of deposit (other than for money borrowed). . Other time deposits : 1,078, ttems 31,65 ates deposits | than postal saviogs), i loan deposit cotint and deposits of Uniied States disbursing offl Linbilities oiher th ‘above stated........ .00 100.000.00 District of Columbl . SAMUEL L. nk, RAULSIR, do solemnly swear that the i RESOURCES. 1. a Loans and discuunts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drafts sold with indorsement of this bank. . Overdrafts, secured, $6,928.53; unsecured, . U. S. government securitics owned: bIAll other United States government secu premiums, if any) 5. Other bonds, stocks, securities, ete... .. 6. Banking houses, $1,344,884.19; furniture and lluurw 077.03 5 . Real estate owned other than banking house. s . Cash in vault and amount due from national banks. . Amount due from state banks, bankers and trust companies in the United States (other than fn item 10) . Exchanges for clearing house st of items 10, 11 and . a Checks and drafts on ba eral reserve bank) loc r town of reporting bank. cellaneous cash items. $3.794.85. ties (including 3214, mption fund with U, § urer. . Other, assets urer and due from LIABILITIE stock paid in . , Surplus tuna . Undivided profit 2 Reserved for interes b Reserved for divid ¢ Reserved for clerk d Reserved for Josses . Amount due to national banks..... 3. Amount, due to state banks, bankers and trust compa the United States and foreign countries (other than cluded in {tem 22)..... B . Certified checks outstanding. .. Treasurer's checks outstanding Total of items 22, 23, 24 and 2, T Demand deposits (other than bank deposits) subject t serve (deposits payable within thirty days) 6. Individual depésits subject to check 27. Certificates of deposit due in less than lhvr!\ than for money borrowed)....... . . Dividends unpaid . 5 _ Other demand deposits: Trust deposits Total of demand deposits (other tha posits) subject to reserve, items 2 and 3 Time deposits subject or subject to 30 days' or more notice, and posta Certificates of deposit (other than for money borrowed) Other time deposits... 2 Total of time deposits items. 32 and 34 United States deposits (other than posta war loan deposit account and dep disbursing officers . Liabilities other than those abov Total .... City of Washington, D. C I, CHARLES E. HOWE, treasurer of the above-namea b swear that the above statement is true to the best of m belief. CHARLES Subscribed and sworn io before me this 5th da (Seal.) ALBERT H. SHILLI) Correct—Attest: J. BELL, days (other subject $11,551,919 savings), ‘includin s of United States “stated. 1,558,961.22 3,494.20 1 00,000.00 100,000 60 16,429.66 1.120.00 banks and foreign bills of exchange or drafts gold with in- dorsement of this bank . Letters of credit and trave outstanding 144. Liabilitles other than those above state J. C. BOYD, M. G. GIB WILLIAM e to the C to before me this Sth i il c AMUEL R. BAULSIR, Cashler. W W Subscribed and sworn to before me this 4th to reserve, item 3 Bilis puyabie obligat ey borrowed other than re- disconnts) . . . Notex and il including ucce, other bunks and of exchange or drafts sold with indorsement this RN o AR | 44 Linbilities other than " the Above StAted..oioueeiinns RCORAN THOM, S. CORBY, J. FLATHE ERCY McGL! obligations representing money horrowed ather than rediacounts) . .. vvuieene s Liabilities other’ than ~those above stated ............. (Seal.) 192,000.00 ALEERT CARRY F. SAUL, NEWBOLD NOYES, M. E. SHANNON, J. PHILIP HERR A. ASPINWALL, HOWARD MORAN, 3EO. W. BROWN, Director M. GUSDORF, Total Notary Publie, { District of Columbia, City of Washington, & 1, ROBERT V. FLEMING, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. ROBERT V. FLEMING, Cashier. Subscribed and sworn to before me this 8th day of January. 1924. (Seal.) WM. H. DORSEY, Notary Public, D. C. lumbia, ss. Correct—Attest: . STEWART, cashier of the above CHAS. €. GLOVER, JOHNSTON, named bank, do solemniy swear that the above M. E. AILES, 1. E. JEFFRIE: Fatement’ fy (e’ 10 the best of my knowl- L. KEMP DUVAL, JULIUS GARFINKLE, edge and belie e o ¢ POWELL_ M FRANK J. H. C. STEWART, Cashi nd_sworn to before me this DALL H. HAG CHARLES A. McCARTHY, otary Public, D. C. ROSAFY o Directors, LOUIS , Correct—Attent | District of. Colmbli, Uity pt, Wasiugtons = I WILLIAM R.° BAUM.: cashier of -named” bank. do solemnly swear that the FIRST MORTGAGE NOTES bove statement ix true to the best of my For sale. Consult us if you have avallable knowledge and bellef. funds for investment. THOS. E. JARRELL Member Washington Real E: Board Woodward Bldg. Main 768 7.105.00 7 200.28 118, ) rectors. orm to before me this Sth | { Distrie NDER R. VARELA. Notary Public. day of January. 19 JAMES MARI iSeal) ALl Ir., NIGERODE, NER. Baden antzinger, ohnston. Directars. The National City Bank of New York including Domestic and Foreign Offices Directors REPORT OF THE COM OF THE LINCOLN NATIONAL BANK Distriet of Columbia. at the December 31, 19 DITION Correct—Attest: Ho H Save and Invest Have you lost EARNED MONEY in stock speculation? That never happens to buyers of our notes. THESE FIRST TRUST NOTES are known to be Condensed Statement of Condition as of December 31, 1923 ER. n the close of business on " Directors SURPLUS and UNDIVIDED PROFITS $91,902,624.83 ASSETS CASH in Vauit and in Federal Reserve Bank . $93,392,165.18 Due from Banks, Bankers and United States Treasurer . . g . . . 13837255891 Discounts and A es of Other Banks United States Government and Cemfinteu $86,998,038.42 State and Municipal Bonds . . . . 3,896,698.89 Stock in Federal Reserve Bank . . - 2,550,000.00 of International Banking Corporation 8,500,000.00 Other Bonds and Securities . . . . . . . L Bank Buildings . e R Ttems in Transit with Branches , . Customers’ Liability Account of Ac:zphneu Other Assets ., RESOURCE including rediscounts, eign bills of exchange bank UNDER UNITED STATES GOVERNMENT SUPERVISION Safety and Interest Guaranteed 49, Savings Deposits 4 % 5% Certificates of Deposit5 % Free Checking Service d discor « * banks, and fo with indorsement of t . Overdrafts, unsecured L1 S gover: 1t securities owned: « Beposited to secure circulation par value) i b All other United & premium; acceptanc or drafts SAFE INVESTMENTS WITH A WIDE MARGIN OF SECURITY Paying 6'2% Per Annum Made on a Straight Eine of Return Not a Fluctuating Value Sold in Denominations of $100, $250, $500, $1,000 SHANNON - & LUCHS Banking Hours: 8:30 to 5 P.M. MORTGAGE DEPARTMENT THE DEPARTMENTAL BANK 713 14 St. NW. M. 2345 1714 Pennsylvania Ave. N.W. I | ivide e “S'SJ\‘RHJ." - = = = ——— eposits . . . . . . . . w2 728,640,082.22 of Other Banks and Foreign our Endorsement . 43,580,808.44 cceptances Outstanding as Per Contra Anddyanad by Customers , . - 4 39,444,241.23 Circulation . , . . 2,137,995.00 Bonds Borrowed . . 1,958,000.00 Reserves for: Accrued Interest, Discount and other Unearned Income. $231,764,724.09 472,546,950.49 $120.000.00 tes government securities if any) al . ¢ .'}\' r. bond 158,452,394.31 e 13,642,489.11 6,035,654.53 26,776,309.60 956,063.32 $920,1 25.45 $114,420; hed other than banking house. with federal reserve bank. nd amount due from natfona rom state banks, bankers, and trust comp other than included in items 5 and 10) ring house. banks in the same city or town as repul(ln;: item 12) . Wi 2 and 13, . Treasurer TOTAL - - Redemption fu Tr Other LIABILITIES $91,902,624.83 LIABILIT pital stock paid ir urplus fund . ided profits .. . Circulating notes outstan \Luu > I Amount due to federal reserve bank (deferred credits). | Amount due to nations _ . Amount due to state banks, bankers, and trust companies in the United States and foreign countries (other than in- cluded in items 21 or e Certified checks outstandin Cashier's che s outstanding. Total of items 228, % $258,799.98 Demand deposits (o ‘subject to re- serve (deposits Individual deposits tes of depc + money borrow s unpaid. . 1 of deman subject to re 33,033.44 9,018.10 For January Investments We recommend, subject to prior sale and change in price, the following honds that are available in various amounts: $2,824,472.89 4,366,036.14 5311,274.70 12,501.783.73 52000 TOTAL « = = » $920,174.625.45 rnlh?l’ lhal\ g items 2 ts) MUNICIPAL AND COUNTY Coupon Rate 5% 4% 4 sl L. .. $2,071,391.07 Time deposits subject o reserve (pavable after 30 days, or subject to 30 days or more notice, and postal savings): . Other time deposits. 3 Total of time deposits subje: item 34 44. Liabilities other than those above stated.. Approximate Yield 435% 453 475 485 Maturit 1939-1941 1958 1932-1937 1929-1947 Issue Frederick County, Mafyland... L City of Richmond, Virginia.... S City of Norfolk, Virginia.. - . City of Winchester, Virginia. JOINT STOCK LAND BANK Shenandoah Valley Joint Stock Land Bank 5% RAILROAD EQUIPMENT 5% 5 8,067.446.53 $3,067,446.53 12,000.00 .$6,351,177.56 ‘District of Columbia, s 1, ALBERT S. GATLEY, vice president and cashier of the above-named bank, 4o solemnly swear that the above statement is tyue to the best of my knowledge and belief. ALBERT S. GATLEY, Vice President and Cashier, g cribed and sworn to before me this 7th day of January, 1924. JAMES A. SOPER, Notary Public. S, DANA LINCOLN, City of Washingto 6%% and 7% 1943-1933 T e NORTON, PETER LATTEF OYD E. DAVIS, Directors. irst Mortgage Coupon Bonds 1932-1937 1927-1934 1928-1936 1929-1934 Pennsylvania Railroad Company.... New York Central Railroad Company Great Northern Railway Company... Baltimore and Ohio Railroad Company PUBLIC UTILITY Baltimore Traction Company............. 5% ' Georgia Railway and Electric Company... 5 Pennsylvania Water and Power Company 51 Philadelphia Suburban Gas & Electric Co. 6 . REAL ESTATE The Sun Mortgage Company... INDUSTRIAL E offer a diversified list of 6/,% and 79 First Mortgage Coupon Bomh, secured by improved, income-producing properties in Washington, D. C. MONEY MAKES MONEY i ' Thete bonds are sold in any amount in denomina- tions of $100, $500, $1,000 and $5,000, and in any maturity from two years to fifteen years. 1929 1932 1953 1943 The surest way to make money is to place your funds in an absolutely safe security and one that yields an adequate return. 580 6.30 On 6 2/4, issues Federal, State and D. C. tax-free fea- ring the gross yleld to 7.13%. Mail the coupon below or telephone Main 6464 NOW for descriptive circulars. Over a 1924-1934 6.00% Quarter of a Our 7.00% FIRST MORTGAGES Century Without a Loss Langleniatiiip. NO LOSS TO ANY INVESTOR IN 51 YEARS We shall be glad to supply upon request detailed circulars on any of the above issues. Baker, Watts & Company Bank Counsellors end Investment EDWIN D. FLATHER Manager 813 Woodward Building, Washington, D. C. which can now be purchased on the partial payment plan, offer such an investment op- portunity, ke F.H.SMITH COMPANY Founded 1873 Please send me circulars describing your offerings of 614% and 7% First Mortgage Coupon Bonds. B. F. SAUL CO. Main 2100 1412 Eye St, N.W. Name . vve..-Address .... Calvert & Redwood Sts, BALTIMORE