Evening Star Newspaper, April 12, 1924, Page 15

FINANCIAL. THE EVENING STAK, WASHINGTON, D. C, SATURDAY, CALLS PROHIBITION BOON. | not, Browing into a generation ot BEPORT OF THE CONDITION —_—————————— -AGo, Apri 1 EQUITABLE flask-toters and tipplers,” she said. Of the - In the first place, it's too expenaive:| NORTH CAPITOL ‘ s nts '[:?r‘uur is . the \'I:[:lllul’mln-. SAVING . . jeclared pmander Bvangel GS BANK Co-Operative Building Association In the second place, they have no Boath of the Balvation Arm: At Washington, In the District of Colnmbia, Organized 1879 place to drink.” arrived here for the central te on March 31, 1934. 44th YEAR COMPLETED clients. This fully justifies our vonference of the organizatoin, be $4,755,170.53 valued record of never having ginning today. Prohibition, she de- 9124832098 [l (|| = client lose as much s a clared, fs the greatest boun of the age. @ s B cirlx ar single penny in either principal or_interest. 9 The high sch Notes Now on Hand FINANCIAL, o, First Mortgages $250 and Up Write or Call for “Beoklet” William S. Phillips 15TH ST. AT K N.W. Main 4600. APRIC T2, 1924, MONEY Interest rates. Secured on First Trust Notes Various Denominations Every Property £ On Which We Place a First Mortgage Loan ! n —carefully selected; coneerva- tively appraised; followed by our established bolicy of tak- ing every possible precaution- ary ‘step to safeguard our Wanted Second Trust Notes . wé have (-Hen‘.ndwnh funds o0 _ purc e £ OO0 SECOND TRUST NOTES in denomina- tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT [SHANNON_& TUCHS) 713 and 715 14th Street NW. Main 2345 —The only man How. much resl value stands back of the stock you are asked to buy? Are you sure that the nice, honest- looking stranger Is telling you the truth? Ask your banker to look into what he claims. ing rediscounts, acceptances of other banks, and fereign bills of exchange or drafts, < #old with icdorsement of PEC WLIES {UUTHTH LT T owned COMMERCIAL AND |£ Contineatal Trust Company £ 1 nfn" s ""SAVINGS BANK, Capital Danking house, Turaiture 4nd Gxtare: At Washington, tn the District ot . One Million Dollars At the close of business on March - 14th & H Streets 79341 B LTI T T 0l hoy Ansets Surplus 13 Systematic Savings —Each pay day lay aside of your salary at the Equitable. It is a method of saving that will prove most effective. Loan Department Boss & Phelps Realtors 1417 K St Main 9300 baoking hou Cash in vault Subscription for the 86th Issue of Stock Being Heoeived Shares, $2.50 Per Month EQUITABLE EUILDING 915F St. N.W. JORAN JOY EDSON, Pres! FRANK P. REESIDE, See'y, . Real estaie owned CHAS. D. SAGER 924 14th St. N.W. Main 36 1 & Loans ngrediscounis, of otler L “in the United States (other s fucinded 1n Hem 10) irst Mortgage Loan s B L Lowest Rates_of Interrst gad Lummission. $33,577.78 Prempt Action i REPORT OF CONDITION Of the COLUMBIA NATIONAL BANK At Washington, in the District of Columbia, at the close of business March 31, 1924 RES! CES, 1. a Loans and Giscounts, including sediseount other banks and foreign bills of exchan. with indorsement of this bank Overdrafts, unsecured St . U. 8. government sccuritios owned: a Deposited to secure circulation (U. S, bonds, par value)...... " b All other United . Other bonds, Stocks, SeCUrities, €te. ... ... "' rrs. . Banking house, $73 furnitire and fixtures, $1,200 . Lawful reserve with federal reserve bank..... ... . Cash in vault and amount due from national banks - Amount dde from state banks, bankers and trust compunic in the United States (other than included in items 8 and 10) f}:ch:ng?! f!;lr N:urmg houses . seasensessssese “hecks on other banks in the s, c y OF LOWN A4S rep n Bank (other (han itam 12); @ oene. ..o . ol 4% reporting Total of items 10, 11, 1 -$206,144 67 b Miscellaneous cash items.. ......... i e . Redemption fund with U. 8 t(reasuter and due from i treasurer g e i San b Miscelinncous ca Other assets & 4 2 Overdrafis. uuse & Other bonds, sto € Banking ‘hon | | | | | | | Thomas J. Fisher & Company, Inc. Total o | TIS 158 Street 2 Y B LIABILITIES. pital stock paid rplus fund. o divided profits . §20.1 a2 Rewerved for inter et a " s it -lul‘ummxm due — ceptances I banks ¥ or drafts sold TRANSPORTATION BLDG. Corner 17th and H Streets N.W. OFFICES FOR RENT Single or En Suite bunkers a In the Unif than include of a Century 17408 47 Experience assets i .550.00 ONEYTOLO At 6 and 813% ingerest. Refore placing or renewing your Ist of 2ud Trust Consult WELCH, Realtor (Harey 8.) 15th and N. Y. Ave. o Yotal F418.550.04 States government securitic = $20,444.38 ¢ Less current ex. penses. interest aud tazes paid. i LIARILITIES al stock paid in plus fu Undivided « Loss S100.000 00 % o400 profits $700834 current ex s, interest and . Certiied checks outstanding . Cashier's checks outstxnding otal items, B. F. SAUL CO. 1412 Eye St. N.W. of Demand deposits bank deponits) sobject to re Deposits payable duys) deposits subject to Main 4346 Apply Room 232 or RANDALL H. HAGNER & CO. 1207 Conn. Ave. N.W. Phone Main 9700 | Banking Trust & Mortgage Co.! % We want good First and Second | “ | Trusts In Washington and Vicinity- | Reasonable Terms—Prompt investiga. | | tiens. Call or write. | Banking Trust & Mortgage Co. | postnl | Demand bank payable I . Gissass 408.584.23 Dividends uupaid . 8.0 Total of uemand (uther than bank depusits) blect 1o remerve. items REPORT OF TTIE CONDITION OF THE BANK OF COMMERCE AND AVINGS, . in the District of Columbis, axiness March 31. 1024 LIABILITIES, Capital stock paid in S . Surplus fund ....... S Undivided profits . Giaes a Reserved for interest and taxes Certificates of deposit (otimr | n for money bort At Warhing at the close of - € Less current expenses, interest and taxes paid Disteicr of Coli 1 ROBERT naned bank stateme HiLL. o Tenints s true to the I aud belief. R, H Subseribed and sworn fo of April, 19 LU Circulating notes outstanding. Amount due to national banks. .. s Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than in- cluded In item 22)...... R . Certjfied checks outstanding Casfier's checks outstanding Total of jtems , 2 Demand deposits (ot] serve (deposits payable within the abnse | wowledge <bler. | we this et We Loan Money on Ot e aepente Higbie & Richardson, Inc. : Rooms 20-21 1410 G St. N.W. P etve P ayable atioF 20 da3s, Phone Frankiin 6754 Subject to M0 : = vings) Thvktes of deposit (other en s maaey, porromed) Apartment Housex, Ofice Bulldings, i o e e ik See Us About That Big Loan 2o al TR b e v Toual $1.277,081.10 20t exchange or drafis ® 5 District of Columbia, sx.© «ld with indorsement of * 816 13th St. N.W. : THEODORE, MICHAEL. cashier of the il b " MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST HILS e do solemoly swear that| u g irrafrs, unsecured Tbe above statement is true to the best of el my Knowledge and beliel = LS Eove el THEODORE MICHAKL. Cashier P Dy SRS Subscribed aad sworn 10 before me thin e 2 10tk day of April, 1924 Banking house, $200,000: fur tures, §9,114.99 | — securities .. | Money to Loan e | Becured by fAirst deed of trast estata M. C. LIPSCOMB ‘ Pre: 4 ||:; h'"”: and l‘c;‘hl:l' JOUY BRAYNHAW E. BARBOUR HUTCHINSON | 7 420 Wi L. & Trust | Joseph I. Weller £, e DITION 5 TEN H. THADEN Notary I secaritivs, (331671735 (Seal.) BENJAMIN ROBINSO Ayl subject to re- v 30 duys Notary Pul 0 duys): Correct Individual deposits subject to check. . A s Certificates of deposit due in less than 30 davs (other than for money horrowed)........... Dividends unpaid .. . Total of demand deposits (other (han deposits) subject to reserve, 7 N80 ... il . . $2.071 Time deposits subject to reserve (payable after 50 du subject to 30 days' or more notice, and postal suvin Certificates of depos# (other than for money horrowed) Other time deposits.. . . PSR « . Postal savings deposits ... Total of time deposi P s Attest: LEO A ¥l CHAR W s wunt due PORT OF C( Of the DISTRICT NATIONAL BANK Washington the District of ¢ at RovER. TRRLE a Hovexnen, | Directors. in the Uuited States (o S Total items 10 a1 1705 b M Other & items 2 u [t in slumbia the close of business on REPORT OF 'rur, CONDITICN ot the CHEVY CHASE SAVINGS BANK, . hington, In the District af Columbia, at) 1% haee ot Dusioess March 31, 1924, | 1% Total LENRTGIEIER bject to reserve Capital stock paid in arplus fund Undivided profits. .. $39,85 a Keseryed for inter and (axes roed counts, ir punts, ne- other ) ks and foreign bills of sold with indorsement of 3 PG ..$5,0 Randull H Hogner ¥ Co Handall H. Fagner ¢ e City_of Washington, District of Columbia, s=. I, FRANK J. STRYKER. cashier of the above-named bank swear that the above statement is true to best of belief FRANK J. STH Subscribed and sworn to before me this 10th d. f (Seal.) HERBERT A. POOLE, Correct—Attest: HARRY BLAK GEORGE M. 1 W. CLARENCE DUVALL, JAMES A. MFE JOHN JOY 3¢} JOHN H. MIIL .. WHITI ESTES, THEODORE W C. FENTON FADELEY, B. FRANC! DAVID J. KAUFMAN JOHN N RESO! RCES. 1. 2 Loans and disconnts, including rediscounts, ~ accep other banks, and fo of exchange or drafts, sold ’ with indorsement of this bank.§180.296 2. Overdraftx. unsecured, | 4 U. 8 government do solemnly ledge and $1.256.7 dge S insecu account of “acceptances ' execn by this bank and by ther banks for account of this bank, and now outstanding . & government securities owned: ® Deposited to secure circulation (U. §. ho value) e o — b All other Unitél States gove tincluding premiums, if ¥ KT pril otary Public, s current penses. nterest acd taxes paid D. C. $54.992 2 10.647.11 o Amount due to oational Amount dge to < bankers and trust 2 the United State ign countries (0! included io itemn 2 ecks outstanding. .. hecks outatanding Total of ftems 22, 3 £31.137.20 deposits (other than sabject 1o payabie Y DRE owned $503,000.00 Other bonds, steck 55 - Securities, nment SerEat any) et TR 6. Furniture and fixtures. . o 7. Real extate ownped other than banking honse b in vault and i fro opal banks. b Miscellaneous cash 6. Otier assets, it al sucurities Other bo stocks, securlties, et Bunking house, $662,345.62; furnitu Real estate owned other than ban house Lawful reserve with Federal Res: ‘Bank . Ttems wit ¢ Bank in process Cash in vault mount due from national banks. .. Amount due from state banks, bankers and trust eompanies in the Uni than included in items 8, 8 and 10) IN = o SELECTED FIRST MORTGAGES Conservative investors seeking liberal income re- turns plus safety of principal for amounts in multiples of $250 can place their funds profitably and conveniently through our mortgage department in sound first mort- gages on select Washington properties. The officers of this company, without obligation, will gladly confer with any prospective investor and dis- cuss loans on specific dwellings, apartment or business properties. If so instructed, they will place the investor’s funds in first mortgages on the same agent basis that the com- pany is constantly serving its regular client-investors— individuals, attorneys for estates, banks, corporations, trustees and guardians. H. L. RUST COMPANY Loan Correspondent of the Prudenial Insurence Company of America 912 15th Street Main 6888 and fixtures S8 81 i L o Demand bank de reserve P Within 30 days vidual deposits subject to collection Total LIABILITIBS. pital stock paid fn . Surpius fund. ... heck ; . Undivided peofits tificates of deposit due in clLess current - lexs than 80 day< (ofher than penses, interest for mones borrowed) taxes paid Dividends unpa 2 Total of demand ~depos (other than hank Ae subject o reserve 0300745 Whatever the Interest 6% or 62% Our First Mortgages Are Safe ame ¢ty or town as reporting o T2 anl 18 $810,657.17 banks (including Federal ted outside of city or town and drafts teserve Bank) loc f reportin b Miscellaneous . Cashier's cecks outstandiog Demand deposits (other than bank deposits) subject to re- serve (deposits payable with- in 30 days): Individusl deposits subject to cheek ..... Certificates of T leas than 30 davs (other tha; L AR RS .. for money borrowed)....... Time deposits subject to reserve payable atter 30 days, or sub Ject to 30 davs or more Botice, And postal savings): Certificates of deposit (otber than for money borrowed). Otber time deposits. District of Col 2 Wi - 1. J. EZRA TROTH, cashier of the above- named bank, do solemoly swear that fhe above ement i3 true to the best of my knowledge belief. J. EZRA TROTH, Cashier. Sobscribed and Il.’?‘m to before me this lozu’l‘y - pw.' C. WORTHINGTO! Notary Public. Correct—Attest: FREDERIO ERNBEST FARRINGTON. m— REPORT OF CONDITION Rescrve District No. 5. ‘Fa.nnérs. & Mechanics’ National Bank , in the District of Columbia, at the close of business on AnrasmInELoy March 31, 1924 KICSOLR;I'F/!\ i L discounts, including rediscounts, acceptal o L& Loans an e and forelgn bills of exchange or drafts scld with indorsement of this bank . Overdrafts, unsecured veos . U. S. governmegt securities owned: a Deposited to secure circulation [§¢ par value) .. b All other Unite (including premivms, if any) ! g subject s more notice, o savings) oRaT S Cime Saeposits Fubject hove watea Total... District of Coiy rdemption fund w d treasurer ....... and posit ' dum EGARDLESS of the interest rate—whether 6% or 6% %—Swartzell, Rheem & Hen- sey Company First Mortgage Notes, for many vears, have been nationally recognized as rep- resenting the very highest standard of safety. For the first time in several years we have available several first mortgage loans which bear interest at the rate of 6)27% and the agreement of the borrowers to refund the District of Columbia Intangible Tax of % of 1% brings the yield to practically 1% Invest your funds in our First Mortgage Notes and gain the benefits of the liberal and conservative policy maintamed by this Com- pany for 55 years. Capital stock paid in . Surplus fund 9 TUndivided profits Circulating note Amount. due, to 16.700.00 ..., .$1,800.238.18 | iy of Washington, s 1. JOHN M. RIORDON. cashier of the above. | naraed bank. solemnly swear that the above Siatement I8 frue fo the best of my knowl ief. ASES AN D) eJ'\H.\' M. RIORDON, Cashier. Subscribed and swern to before me this Sth of April, 1924, d.l’. ll.lp HARRY S WOLF, Notary Public. M. D. ROSENBERG, FLIE SHEETZ, HARRY E. MAYER. Directors. standing . deral Reserv, ‘\mrvufll due to national banks ... csevas Amount due to state banks, bankers and trust companies in the United States and forelgn countries (other than in- fuded In items 21 or 22) Cereenae creianes cised t ks outstandin, checks outstanding Totgl of items JE8 RS | Charter No. 10316 Reserve District No. 5. REPORT O‘F (;OND]T]ON Of the Federal-American National Bank Washington, in the District of Columbia, at the close of business on March 31, 19 RESOURCES. . a Loans and discounts, including rediscounts, acceptanees of ‘ther banks, and foreign bills of exchange or drafts sold with indorsement of this bank s Overdrafts, unsecured . . U. S. government curities own « Deposited to secure circulation par value) b All other United States government securities. Total . e = . Other bonds, i é ; ¢. Banking house, $457,000; furniture and fixtures, $26,114.53 " Real estate owned other than banking house...... . Lawful reserve with Federal Reserve Bank............. . Items with Federal Reserve Bank in process of collection... . Cash in vault and amount due {rom national banks...... .. . Amount due from state banks, bankers and trast companies in the United States (other than included in items & 9 and 10) .. ... . 2. Exohanges for clearing house..... . Checks on other banks in the same bank (other than item 12) Total of items ®, 10, 11, 12 and 13. . a Checks and drafts on banks (incl reserve bank) located outside town of reporting bank b Miscellaneous cash items. : 1 % 5. ...... $454,314 i Demand deposits (other than bank deposits) subject to re | serve (depusits payable within 30 days): { Individual deposits subject to check. Diyidends unpaid R O - o Motal of demand deposits (other than bank dep 8) y ¢ subject to Teserve, items 26 and 30........33,403,678.38 Tirie deposits subject to reserve (payable after 30 days, of Bubfect to 20 duys’ or more notice, and postal savings tificates of deposit (other than for money borrowed). . Other time deposits ...... “en . cevanee cena Postl suvings deposits Total of time depo p : . : -$1,604,688.76 ' ther than postal s £%), tnciuding osit account and deposits of United States dls: bursing nfffeers SR SR Y Fovernment sec tien DovRowed ... .. iieeisise seees 11s ‘pavable (including all obligations representing money = boj wed other than rediscounts) 46 Notes and hills rediscounted, including acceptances of other banks and foreign bills of exchange or drafts sold with in- dn ement of this bank . ‘Acceptances” executed by this bank for tomer: and to furnish dollar exchange Liabilities other than those above stated ... Correct—Attest: At (U. S bonds, .. $800.008.00 i 1,112,488 4.872.14 | 10,000.00 | 1 1.912,488.87 1,064,589.87 483,114.53 475,502.00 §26,543. 135,669.27 599,158.44 401,500.00 867.659.98 54,992.79 6,905.71 L. 3R452,805.11 cus. Total : S e P City of Washington. District of Columbia, 1. H. I, OFFUTT, Jr. cashier of the above-named bank, do solemniy frear that the above statement is true to the best of my knowledge and elie . H. L. OFFUTT, Jr., Cashier, . Subscribed and sworn to before me this 11th day of April, 1924 (Seal) BENJAMIN ROBINSON, Notary Public. Correct—Attest ROBERT N. HARPER, €. C. ROGERS. SIDNEY WEST, €. J. GOCKELER, J. LLER KENYON, ©. P. CRENSHAW, Directors. Total .. : . Other bonds, , etc..... 5 " Banking house, $355,355.33; furniture and fixtures, . Real estate owned other than banking house. . Lawful reserve with federal rescrve bank.. 5 | Jtems with federal regerve bank in process of collection . Cash in vault and amount due from national banks : Amount due from state banks, bankers und trust compani in the United States (other than included in items 8, and 10).... iocasas £ . Exchanges for clearing house ; Checks on other banks in the same city or town as bank (other than item 12) Total of items 9, 10, 11, 12 and 1 Lol 318097839 . a Checks and drafts on banks (including foderal reserve bank) located cutside of city or town of reporting bank... b Miscellaneous cash items. . Redemption fund with UL 8. treasurer and due from U. S. treasurer . . Other assets Swartzell, Rheem & Hensey Co. 727 15th Street N. W. &5 Years Without Loss to an Investor or . $10.814.04 T aasz . Redemption fund with U. S treasurer and due from T S LTORBUTET . e e e s o e+ . OtDOT ASSALN e - e v o e+ S S & o = s & of city 44,000.90 76,885.37 Total cwevvenees e et et - $13,548,528.58 526115 5,156.09 Capital stock paid in arples fund .. ‘ndivided profits a Reserved for interest b Reserwed for deprec "$155,5%0.13 60,134.18 219,901.28 790,250.00 137,21 233,701.. TOLA] - o g s e e e v e oo vt e =e owe « - §3,909,605.21 LIABILITIES. Cupital stock paid M eeeecemeee-. . Surplus fund .. B = Undivided profits - eoocvos e $76,690.88 2 Reserved for interest and taxes accrued.. 40.474.40 b Reserved for losses, depreciation, eti..veemmees 27,436 . Circulating notes outstanding ... Amount due to Federal Reserve Ban ‘Amount due to national banks 5 Amount due to state banks, bankers and trust companies | the United States and foreign countries (other than in- cluded in items 21 OF 22) peeeeneaccoseseno. Certified ohecks OULSLANAINE wou:esnsamemscoen s . Cashier's checks outstanding Total of items 21, 22, 23, 24 and 23 Demand deposits (other than bank deposits) subject to re- serve (deposits pavable within 30 daye: 26. Individual depositg subject to check .... 30, Dividends unpaid .... Saul Building 252,000.00 29%,000.00 116,833.37 11,364.91 23,914.14 Maturity- _In making an investment de- sire is ofttimes expressed by the: Citenlating notes outstanding Amount due to federal reserve bank (deferred credits). . Certified checks outstanding. Cashier's checks outstanding. . Total of jtems 21, 24 and 25.. $ A BUILDING that = g fhieets every, require- purchaser for a specific duration, . One of the several distinct fea- tures of these 614 % First Mort- gage Investment Notes is the generous choice of maturities they present. : 3L Other demand deposits 2,800.43 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within thirty days) Individual deposits subject to check... Certificates of deposit due in less than 3 “for money borro Dividends unpaid... Other demand deposits. Total of demand deposits (other than bank de- posits) subject to reserve, items 26, 27, 30 and . Time deposits ....$1,191,398.39 subject {0 reserve (payable after thirty davs, or subject to 30 days® or more notice, and postal savings): Other time deposits. Postal savings deposits... Total of demand deposits (other than bank deposits) suh- ject to reserve items 26, 30 and $1oee.....$7,487,851.09 Time deposits subject to reserve (payable after 30 days, or subject to 30 days’ or more notice, and postal savings): 32. Certificates of deposit (other than for momey DOrrowed )e eee 34. Other time deposits - 35. Postal savings deposits e Total "of ‘time deposits Subject o Foserve, and_3! : 36. United States depo: war loan deposit account disbursing officers . 29. Bills payable (including 330.336.81 1,830,541.19 56,835.19 ftems PR $2,21 postal savings), including d deposits of United States . .. “ew 19,779.63 resenti ment of the discriminat- ing tehant. An ideal location ‘for an architect or Added 8o the property secwnity is the wuqualified recommendation of the WA MAN Construct rany O K Street Main 4190 ga borrowed other than rediscounts) . Mln. = ashington, D. s Wi sl Total of time deposits Subject to reserve, Homs AR BB e o SLESTINA ‘payable (inciudl Shilgations representing mone: borfowed other than rediscounts)... Y 105.000.00 - Total ,e-s et et e e e e eeee e $3,808,605.21 District of Columbia, City of Washington, ss.t 1, H L. SELBY, cash of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. H L. SELBY, Cashier. Subscribed and sworn to before me this Sth day of April, 1924, (Seal.) FREDERIC W. SEIBOLD, Notary Public. © Correct—Attest: Y J. WILBUR SHERWOOD, J. McKENNEY BERRY, 3. M. WALTERS, ROBT. D. WEAVER, G. 1. NICOLSON, builder who could use an entire floor. 13,543,528.68 " I, D. BOYER, cashier of the above- bank, do solemnly swear that the above statement is true to the best of my knowledge and el becribed sWorn to bef o this T1¢h 4Ry of April, 130 ore m (Sealy’ = MILLARD S. YEATMAN, Notary Publie. &M—Am: [N LE, JAMES BROWN SCOTT, %&%Lw.vgl?g EYNON, RALPH JENKINS, JAMES F. SHEA, WALTER A. BROWN, W. T. GALLIHER. ALEX. BRITTON, BERNARD LEONARD, HARRY KING, "LOUIS MACKALL, RALPH W. LEE, IRWIN .B. LINTON, G. W. HARRIS, JOHN DOLPH, THOMAS P. BONES, WM. KNOWLES COOPER, W. G. GALLIHER, J. A. MAVDEL, GEO. E. WALKER, ISAAC GANS, JOHN L. NEWBOLD, B. F. SAUL CO. IN 2100 o CHAS. H. CRAGIN, JOS. H. LEE, R. J. WISE, H. V. HAYNES, THOS. J. STANTON, WM. KING, JOSEPH L. DYER, 1412 EYE 'ST. N.W. INC.