Evening Star Newspaper, July 10, 1924, Page 29

FINANCIAL. Wanted to Sell First Trust on D. C. Property +—that is payable monthly and car- - ries 6 per cent interest. As I'am out of work and have two smalt chil- dreén to support, will sell to the one/| who is willing to give face value. Address Box 187-E Star Office REPORT OF THE CONDITION OF_THE THE WASHINGTON - LOAN AND TRUST COMPANY At Washington, in the District of the close of business on Jume RESOURCES. L/aLoans and discounts, in- uding rediscounts, accept- ances of other banks and foreign bills of exchange or drafts sold with in- dorsement of this bank. 2 Overdrafts. unsecured . 4. Tnited States Government securities owned .. 5. Other bonds, stocks, securi- ties, etc. ... 6. .Banking houses. §1.047.094.04 furnitare and fixtures, $27, < 800.01: vaults and safes, $72,581 T. Real xtate owned other m-n bankin 10.:Cash in 1. Amom K Panien in the Trited. tates (other than included in item 10) 12. Exchanges for clearing hon: 12 Checks on other banks in the same city or town as re- porting bank (other than 14-aChecks and drafts on banks optside of city or_town of re s porting bank.. $180,420.00 b Miscellane cash items.. 16. Other assets, Columbia, at 1924, 1,848,971.73 1,147.485:85 285,000.00 1,320,876.1¢ 180,720.00 125,976.83 Total..... $14,906,395.31 17, Capital atock pard 18. Surplus fund . 19. Undivided »mnu '$155.901.68 a Reserve for terest and accrued . 22. Amount due to national banks 23, Amount due {0 tate banks, ks, and__trust foreizn cou an_included 2 242 Certified checks outstanding 233 Caghier's checkn outstanding 1 of items 23, 24 Dem| et L T reserve (deposits payable . $1,000,000.00 1.750,000.00 o 8,719,201.30 o Texs than 30 days (other _than for money borrowed) county. or other mu- nicipal deporits secured by of amsets of t Bank or ‘surety bon Dividends unpaid. .. Total of demand depostis (other than bank depos- by Time _deposits’ subject ‘to e serve (pavable after 30 or subject to 30 days or mnr- potice, and postal fasin 223 certitenen of deponit (other for money bor\‘or»d? me deporits. . 363 Tnited Siates depostta (othor > than postal savings) nclud- war_loan deposit ac- and deposite of States disbursing C d.:!mur- ol' credit ‘and fravel. " checks rold for ca 2,226.80 1.353.13 864.20 8,040.00 88,719.76 189.00 shington. ss. rvaaparet of 1h 0 solemaly swear that the o statement is true to the oawiedse and beitef. ARRY G. MEEM, Dbest of my Treasurer. HARRY W. GAUSS, Notary Public. Porrect—Attest: JOHN B. LARNER, JOHN JOY EDSON, ALB?RT r. rox. W. ESTI BoNALD woo! BAIYER BOPENFIELD, JOHN A. JOHNSTON, JORN €. LI ETTS, HOLCOMBE G: JORNSON, LEO_KOLB, éoru.u. BOYD TAY Directors. Lo R e o S Warone o comnrrio wEFoRT ) CONDTEION or AVINGS | PARK SAVINGS |EAST WASHINGTON CITIZE]I;IEN% BANK SAVINGS BANK ot Cazmbin, ot OF WASHINGTON, D. At Waskington, 1n the District of Columats, | At Vashinrton, in the District et at the cloes 5 Dustaess ea Juns 30, 100 e s B e B B REROURCES. m 2.'a Taens ana discvcate et 1 aLoass and discounte. inclod- 11 rediscou \nces - this Dask 2. Overdrafts, sécui 4.U. 8. government 451.21; S ing house. Trem satienal banks. lx‘_cnnn:n or m;nu 5,320 e wa . Eachengm tor clea . b llurclllmun T e 5 Other assets. 12. Exchanges for clearing e 08 | 13 Checks on other banks in the LIABILITIES. e L o : = . Capital stock paid in . - . Undivided profits 4. Surplos fund 2 Time deposita (pRyable’ dfiss ags, wr subject ¢ “or more notics) and tal smvings: Tetal .§1,135,827.08 Digtstce of Columbia, City o ashington, e.: HARLES 4. McCARTHY, tressurer of .5 the wbore-named baske sslemaly ‘eweer eht 2. Caghiera checks outstanding 371 5335 | (he sbove statement is 'troe to the best of my To'fl f items 23, and = u.mx. nnn deposits) aabject to re: (deposits payable (Seal. 2 -um.. 30 daye): : 0.0 i Pnie. Do C. . Individ bject LY /000, Correct—Attest: check . Dadtvi . T B finnxn, Teas than 30 days (other than e o X MORRIS E. MASLOW, for_ money borrowed) . ot H. MeKEE, Dividcnds donkia an P "e12.00.00 WM. N. PATNE, Ir. EEFPORT OF THE CONDITIUN . it + . omme | NATIONAL SAVINGS ». %A“w-.::mfl..,... @ ™8 AND TRUST CO., e D ety '"; At Westingtoa. fn the District of Cotumita. oo Close of busizess on June 30, 1924 . 't to Other time depositar X RESOURCRS. Total of time a».-m subject bject to S0 days' o Lalesms and dtecousts, 5 and 1 sav- cluding rediwosn: sit (..lu e ) ey ment of this bank o im 2. Overdrafts (secured, uarhed panks do selemaly sweur that.the ‘sbove S . posits " sub- (e, siatement ié trug 1o the best ot my knowledge 10 beiiet FERNAND PETIT. Cashier. and Swora 10 betore me this mn a-y ? July, 1924 City , Y T 7. 18 WRLOE Distri r olumbu ity of Wash . Notary Public. | apsve. S ) Correct—Attest: Shove “statement o trae 1a b st ) L. E. BREUNINGER, R A Enawiedge and beliet i Cashier. H. G. SMITH, bed . . Amount due From seace buri Directors. Tankers 1od trast compe: ples io the United States (other than "ineloded ia ) U8S, Desirable RS, |7 BT For Rent Invest Now At 8% ||| &% 53 in porting blnk . » The present market price < Commercial Natl. T e aeh e Stock enables you to get Bank Bmldmg more than 8% with strong, diversified security and A ready marketability. Divi- 14th and G Sts. N.W. dends are pald monthly. Apply to Cities ' Service Company = e i Tepresents the combined i as s ke Superintendent strength of 125 subsidiary Dies in the United States and companies that produce . ate o and sell necessities—light, & heat, power, transporia- Demand ‘deposits (other than 3 tion, il d all - bank deposits) bject to When Buying % U san Sl peo .-.';m.“’?m;,).':‘mnu ducts—to millions of populations in 33 States. 3 ol Ouw 7% || Samiiid flzgiiiiiee- full particulars. et s reserve First Mortgage Notes . You Can Re Assured Thomas W. Brahany First—A very careful end con- and Compm savings: servative sppraisal 2. Certiieates of deposit (other made. Wilkins Building. Telephone * ofhan for money Eoerowsd) Second.—The loan we recommend Wasktugten, D. C. Main €180 is less than 50% of the market e r e c e --- prics. Thomas W. Brahany & Ce., —_— Third —After you have purchased Wilkins Blds., Washington, D.C. ||| o Total - w“m iy ok w008 08 one of our motes you get & serv- Please send me full information A8, C. LAMBO { treasarer of ice that assures you iaterest the about Cities Service Preferred b namea Punk. solemaly wwear: shat, ihe day due. & Stock and about your monthly ||f 4bove siatement is true to the best of SR S O A payment plan for buyihg it. Ksowledge $100 up. . Chor. DS, o i Correct—A! Wlllil D. l!m 3 William H. Walke; - Ee g Egmae e e Loan Dept. Fraok W. Stove,” W. 4. KL Ch B, WXSHINGTON, D. U, THURSDXY, JULY ', 1924 e g FINANCIAL, REFOXT O THE CONDIEION “RERORT OF THY CONDFTION ST O WASHINGTON UNION TRUST |5 Continental Trust Company UINGSBANR | o COMPANY E o0 s [ S Columbia, ST S RESOURCES. 1. @ Loens ana discouuta, inciud- At Webington, 1o the Distziet ot Calumbia, at liscounts, acceptances business on June thier banks, and forefgn of o bills of exchange or drafts, Told “with " indo FOR SALE FIRST MORTGAGE NOTES Consult Us I you have available fusds for investment ‘THOS. E. .IARRELL Memdor Washington Beal Bstzte Board Woodward Bldg. Maln S RESOURCES. 1. & Loans and ‘dlsccvntn, inclod- ing rediscounts, acceptances of other banks, and foreign WASEIFE FIRST MORTGAGE:NOTES et FOR SALE IN DENOMINATIONS20F Checks on other banks in the sanie city or town as report- on _bank: D toe Uittes e (other guaing r;:-:‘l thas lucinges 15 e oy 47,972.95 P Cbecks on other banks in tire RO same city or town as report- s peTine ing bank .. 263,5T743 bask nks (in- Cluding " Federal Reserve Bank) lo- cated outside of Feportiog bank xej ing bank.. $19,024.72 b M\mmmo\u cash 5,130.38 paponits ‘%'.,...;, ; ] payable wuhin 30 days): l-lAIHLlTlB! 26. Individual deposits subject to . Capital -!ncx paid in check X Burplus fund FIRST MORTGAGE INVESTMENTS and 31 Time' deposits “(paradie” afier avs, o ject. ¢ — A ,‘;,,."‘.’,um°..¢ . Amount dne to state banks, bankers and trast companies 1t (other in the United States and - foreign countrie 2.499.68 | | 5 t!u aepouits sub- '%:‘.‘f-ffu“’"’i; o 3 999,54 Teserve, ftem 3 s checks Tog - 47. 2 e “ Surpas sing 24 and 25 ... §$108,946.68 Demand deposits (other tnan bank deposits) subject to Total z . P. WILLIAM! t the abo T e Ppayable t R gy K o0 Gl ortance=~~ statement is true to the best of m. nom;. Tndwmn-l depom. mmect to M belief. fl'l P. W'l!.!;},AMulf ure: ll ‘lYu ' d'w 2 .45 Subscribed and _sworn fore me thiy . Trus| i 2 % - 8t day of July, 1924, > |30, Dividends unpaid q to you as an investor is the (Seal) HUBERT N. ROBERTS, - Other demand depos 655, d £ M Notary Public. To;ll &f.,gem-v;fl ::wn‘u) mx» assured safety of your princi- et ANt q its tAtSY B macny. Fot o e £ pal EZRA GOULD, \ and 31..34,322345. EDWARD F. PICKFORD. s : Back of these 614% First irectors. — Mortgage Investment Notes 34 A mcyofl:?uo r"'mx €, you have the double protection Wi S d . of valuable real property an . security and the recommenda- Trust Notes Digteict of Columbia. City of Washiny tion of an organization long oo uys cllents witn fands aried bavk. do -uivm:ly:;‘v:;’l"r:fl?:l the ‘above known for its stability, in- 2 o en oo 3 o 4 é TRUST ‘NOTES' in denominas ||| and betkt.® = EDBON. B OLAs Fresomic tegrity and business efficiency. tions of from $500 to $10,000. d.;ul:‘crsm .;1:2:‘“{“ tn before me this 8th Low rates if security is good (Seal.) ALBERT W_ SIOUSSA, D. 7 y enominations as low as $100 Apply at Once 1o Our Correet—Attest: et e s Arthur Mi ¥, 3. MORTGAGE DEPARTMENT Geoepe B Piemig, G, Toems Suatop, Frank C. 5 D. J. Kaufman, R S Tome B Smaiia, B P [DHANNON & LUCH M| Join, B, Sma L 5 et W. S. Harbax, Charles F. Wl 713 and 715 14th Streez NW. 2 nuéc'&"... Pierce Petroleum Corporation (A Corporation of the State of Delaware), 1,348,500 Shares Capital Stock 1t is expected that application will be made to list this stock on the New York, Boston and Chiczgo Steck Eschanges CAPITALIZATION Arthorised-und to be !Ogfleu's% Sinking Fund Gold Debenture Bonds, due 1931 (Pierce Cq:fll Stock (no pirvalue) Information 7 ing this issue and the business of the Compawy is Chaiman o the The Board From cnbich e sumammats to st o5 Fobony. Coen o 4 reques "I’hepredece-sorcompames of Pierce Petroleum Corporation have been engaged in the business of REPORT OF THE CONDITION : refining, transporting and ma.rb'mg petroleum products since 1857, during which time they have been UNITED STATES SAVINGS BANK, At Washington, in the District of Columbis, at the close of business on June 30, RESOURCES. 1@ Lowns and discounts, includ ing rediscounts, acceptances of other basks. and forsign Dills of excnange or dratts, Tith indorsement o ete. . numu house. " $75,000, Bitare and Bxturce 35,768 81 10 Cash in vault and am: from national banks 11. Amount due from bankers and trust com 456,184.58 251014 624,646.55 £3,768.61 147,963.04 nies in_ the United “Stated) Spther thas included in item Total .. LIARILITIES. 17. Capital stock paid i 18. Surplus fund 19. Undivided profits: b Reserved for de- preclation tries (num than n item 22! ke swtstinding. 2. Cashier's checks outstanding. ess . than {han for mobey borrowed): 0. Dividends unpaid ... 81. Other demand deporits; Total 30 & Time deposits subject_ to serve &.‘;.u. agter 30 dnyl. or £s) : 2 ommam 2F deposit(other Yhan for money borrowed 34. Other time deposits tal, of time deposits sub- Teperve. items 32 obligaf g ‘money -mwea otber, u:.n ndunuo mors notice, Yaad pmu v How Much Longer? more directly toward a de- cline in the interest rate in the near future on first mortgage investments in Washington. This decline has already been reflected in some other classes of securities and the New York money market. EVERY day indications point We still have a few choice in- vestments on hand which yield this attractive rate and our suggestion to the prospective investor is to reserve his investment now, even if his funds will not be available uatil some time in the immediate future. The First Mortgages we have to offer can be had in dcnnwmons as Jow-as $100, Swartzell, Rheem & Hensey Co. : 727 15th Street N. W. MC.!-!MI-M. "Mw .hdeprea-m _...._...<......_-...—-—-—~ During the first five months of 1924, substantial improvement Themtmcomeforthaspmod,afmmterestondebmmresnownmndmg, after mfubadmmmuadeqmmdemamn(mbdmmmmmtmmdn“ which indebtedness will be provided for through this financing), has amounted to $295,000., which is at the rate of $708,000. per annum (before Federal taxes) without allowing for the increased consump- tion of the Corporation’s products during the summer months. hmm&mmm'mmummdmmm tandcreditan- ditions the Corporation will enjoy a substantial return on its new plm balancing its piant also be able to effect large savings -lsndgmlomoesmfl‘ and to its re-established mumh&dwmm:nnhmudmbcflmummfiqme ‘work- ing capital, with a thoroughly reorg'amzedandem.hnsnsucopcmngsmfi' ndwnhuhdbumtha burdensome conditions of debt and litigation which have contributed so largely to the sbowmg of the last three years, Pierce Petroleum Corporation faces a future of great promise and of enhanced commercial success.” aumumflwwfl'kmd me:.SflmQCmflnmhe Bomkers, and Messrs. Guggenheimer, Usiermyer & Marshall, representing the Company, and this off ering is meade sespects subject 1o appeoucl of our coumsel. e et We are offering this stock for subscription subject to allotment Price $7 per Share Thkd-? is mmade if, when and umned-:d-eees;l; ibject to the approval of counse! expecte: that delivery of stock will be made on or about July 24, 1 bya:;n OLEHHAN BROTHELRSE‘I‘Z Wilh" mh?«hN.Y.nficlmdmmm certificates, against payment therefor in New York funds, We reserve the right to reject any or all subscriptions, to allot less than the it 2 re: bt Il scriptions, amount applied foc and to close the oo h LEHMAN BROTHERS ' GOLDMAN, SACHS & CO. HORNBLOWER & WEEKS The statements harels contained are wot guarantced, but are based en information which we believe to be true, Jaly, 1924,