Evening Star Newspaper, January 30, 1924, Page 25

FINANCIAL, BRANCH BANKING THE EVENING STAR, WASHI C, WEDNESDAY, JANUARY 30, 1924’ FINANCIAL. ey tional Bank in St. Louls vs. Missouri, the case having gone to trial in the istate supreme court upon an appar- [¢ntly undisputed statement of facts Over 32,000 Depositors. Capital and Surplus $2,000,000.00 RULNESTOSTAND ontroller’s Previous Acts in i fi question by the Flrst Na- fHarmony With Supreme Court’s Decision. ho ' Supreme Court decision om | gnen Lunking will “cause no change Bfve made in the rulings of the con- r of the currency relating to the | branch bank question.” s officially nt from the ¢ last night. inounced in @ of the con- This opinion, opin- uch b ation of natio t of 1918, tourt did’ not toil VESTORS BUY e | IN DENOMINATIONS TO g house, or troller ove d. solel ministerial du Facts in power of a 1 its teller - | barrels of flour were made he that the bank had established and was operating a branch bank and conducting a general banking busi- ness at a locatlon in the city of St, |houls at'a distance from the purent further dlscussing *his e the controllcr sald that he hid conc Isiderca the establishment of the Louis not only as dllegal under the ional bank . r the bank banking, ad found ex on i : Shteh had found expression in the ——— DIVIDENDS. it 1 aud Step! ited Dy d ua; by “the Merc hange for 1923 show that 1, inerease of 240,035 over 1922, FIRST MORTGAGES | FOR SALE THE TYPE OF SECURITY CONSERVATIVE IN« SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. An Inexhaustible Purse 1 There are people whose ideas of economics never grow. Their salary is mortgaged, month after month before it’s earned; an inexhaustible purse would scarcely better them. | Master YOUR desire to “keep up with the Joneses” if you want peace of mind, contentment, ultimate financial freedom. {|Become one of our de- positors now, and “salt something away” Every Pay Day hereafter. Deposits Invited in Any Amount; Same Rate of Interest Paid on Small and Large Accounts Open Until 5:30 P.M. Tomorrow and Friday DIRECTORS: William D. Hoover o Reginald §. Huidekoper H. ChurchViclor Kauffmann Charles Minshall Jr. Edmund D. Rheem Frank Stetson Frank W. Stone William I, Walker Heury K. Wyllard National Savings & Trust Co. 57th Oldest Savings Depository in Washington Year Cor. 15th and New York Ave. Wm. g Franklin H. E Frederick A, Fenning RUCE DAVID BOR: H. Prescott’ Gatley ¢« Twenty-Fourth Annual Statement December 31, 1923 @mlmummmuumn|l|uunmmnummmmmmmmmmummmuflmnummmmunumm1ummmmmllluul||mmu||unmmmmuumuuum—nn'm]mumnumuuumuuuuunumnmuuuiumnmmunnm%% = \ ® Atlantic Life Insurance Company RICHMOND, VIRGINIA E. STRUDWICK, President The Company Is Required to Hold Assets for LEGAL RESERVE That amount which, with future net premiums on the policies, when invested at the rate of interest stated below, as- sures the payment of all outstanding policy obligations as they become due m future rs by death, surrender or maturi Calculated by the Company on basis required by law. verified and approved by the Commissioner of In- $9.878.408.86 Assets Held to Meet the Requirements Stated Opposite Loans secured by first mortgages on real The security for these mortgage loans is valued at $21,130,282.67. Loans secured by pledge of bonds, stock or other collateral Loans on policies for amounts not ex- ceeding in each case the reserve on E = % % % - % First N surance of Virginia. Average rate re- quired to be earned, 3.51% : rate actually carned in 1923, 5.819. Death and Open Until 5:30 p.m. Tomorrow and Friday We've Been Serving Payday Depositors —and others to their satisfaction and gain, for over a century, and invite you gt | ; »v to give your cash the protection of this First Mortgage Loans = [E. § —the OLDEST National Bank in the Lawest. Bates | 3 ) District of Columbia. the policy included as a liability in legal reserve called int Notes of policyholders for extension of premiums in each case not exceeding the reserve on the policy included as a liability in legal reserve.......... 5 disability claims awaiting 118.238.15 Policyholders’ dividends on deposit and 193.733.30 interest thereon 210.889.35 - . 5 Bonds at their amortized value, that is, the value based upon cost to the Com- pany and the interest-earning power at the time of purchase............ Premiums and interest paid in advance and accrued bills, taxes and other ac- crued HEMB. . ol ocosie e siemiseemen First Mortgages $250 and Up | William S. Phillips| ASTH ST. AT K N.W. Main 4600. 131,346.64 00.862.48 For payment of annual and deferred divi- 688,328.31 dends Real estate at cost 180.024.15 Cash in office and banks, of which $171,999.31 is at interest.......... Interest and rents due, and earned but not due, on investments named above For payments in future years to deferred dividend policyholders 194.385.41 Reserve for investment fluctuation and building depreciation .. = TOTAL LIABILITIES $10,977,171.47 Funds held for protection of policyhold- ers in addition to the above: Capital stock .. $500,000.00 Surplus 555,202.93 1,055,202.93 nicrest and Commission. | pt Action er & Company, Inc. 8 15th Strest P, ; 146,002.20 196.11:.93 Thomas J. l - - Due from other companies for death Organized in 1814, losses on claims reinsured.......... 2 EQUITABLE S Towen Co-Operative Building BSRT o BEDE( Association Organized 18 44th YEAR COMF Assets .. Surplus ... 8! Accomplishes Most 3% Compound Interest R ———————— Premiums or installments thereof (due. and earned but not due) not exceeding in each case the reserve on the policy included as a liability in legal reserve. . —is what we pay you for the privilege of guarding your money, and as little as One Dollar makes you a Savings Department depositor. 239.3. DIRI 2 - e F. 3 CIS RIG v CHARLES JACOBSEN WM. H. SAUND!%% 0. H. P. JOHNBON HERBERT T. SHANNON RUDOLPH KAUFFMANN H. 0. SHERIDAN Dr. J. THOS. KELLEY, Jr. KXE{'RV LEONARD TOTAL ASSETS $12,032,374.40 CERTIFIED PUBLIC ACCOUNTANTS' CERTIFICATE We have audited the books and records of the ATLANTIC LIFE INSURANCE COMPANY. of Richmond. Virginia, for the year ending December 31, 1923, and find that all items of income and disbursements have been properly accounted for, and have verified the Bonds, Mortgaffes and other Securities owned by the Company. The foregoing statement, in our opinion, represents the true condition of the Cempany at the close of busi- ness December 31, 1923. The amount of reserve was certified by the Commissioner of Insurance of Virginia. ‘ (Signed) A. M. PULLEN & CO.. Certified Public Accountants. ¥R Florida and ather winter resorts BY GEORGE W. WHITE National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,700,000.00 15th St. Opposite U. S. Treasury—110 Years Old g Y with Subscription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EE FRANK P, % E E E % Travelers’ Checks for those going to % Five-Year Comparisons Mortgage Money to Loan = %elg i3 On Real Estate. For the Year 1923 $681,425.89 2,587,852.38 INCOME From first-year premiums....... From renewal premiums..ee.... Let us finauce your properts. FIRST MORTGAGE NOTES Uor sule. Consult us if you have available 1 for investment. ;' | i $417,865.58 | THOS. E. JARRELL || | 1 1,073,057.32 $3,269,278.27 778,867.59 Total premium income.... $1,490,922.90 Interest and other income... 290,543.35 Member Washington Keal Estate Board 837 Woodward Bldg. Main 766 Total iNCOME ..evevunsesss $1,781,46625 $4,048,14586 INCOME MORE THAN DOUBLED IN FIVE YEARS Money to Loan Secured by first deedl of trust on real estata Prevaillug interest and commission, J 420 Wash. L. & T 1 Joseph I. Weller { Wegh, & & Trut | Admitted Assets Dec. 3lst $4,840638.05 $12,032,374.40 We have on hand subject t: Very choice. ASSETS MORE THAN DOUBLED IN FIVE YEARS prior sale a few very choice 7% First Mortgage —Iloans in amounts of $250 —up. These are very desir= ;able, several on nicely located S northeast property. i CHAS. D. SAGER 924 14th St. NW. Loan Dept—Main 36 Insurance in force Dec 31st $44,325,827.00 $102,025,398.00 INSURANCE IN FORCE MORE THAN DOUBLED IN FIVE YEARS - PAYMENTS TO POLICYHOLDERS Total paid to policyholders since organization and now held to their credit Every Banking Service MERICAN SECURIT —— ° AND TRUST COMPANY ° 15th and Penna. Ave. Missouri Power & Light Company . First Mortgage and Refunding 7% Gold Bonds Due December 1, 1943 This company owns and oper- ates directly, or through sub- c sidiaries, electric power and light, gas, heating, water, ;u'aet railway and ice proper- $18,415,364.62 A. O. SWINK, Manager for Virginia and District of Columbia Richmond, Virginia Suite 212-217 Mutual Building fes in 49 cities and towns in fissouri and portions of Ok- lahoma and Ohio serving a pop- f Ulation estimated at 110,000. i Combined net earnings for Capital, Surplus and Undivided Profits Over $6,000,000.00. H. E. DAMERON, Resident Manager 306-307 Munsey Building Washington, D. C. the 12 months ended October 81, 1923, $880,259, as ompared to annual interest charges of $457,842 on the total mortgage debt outstand- ;‘: 991/, and interest, ¢ . Central: ce, 2 and interesi o 1 M yield about 7.05% Northeast: Descriptive Circular on Request Southwest: Northwest: E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston, New York. Philadelphia, Chicago, Denver, San Francisco BRANCHES 7th & Mass. Ave. N.W. 8th & H Sts. N.E. 436 7th St. SW. 1140 15th St. N.W. SPECIAL AGENTS A. C. Ridgeway Jesse L. Ward John T. Dunbar R. H. Middleton James G. Stone James F. Gill Miss Grace B. Bradnack TN T e