Evening Star Newspaper, September 1, 1924, Page 27

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

THE EVENING STAR, WASHINGTON, D. C, MONDAY, SEPTEMBER '1, 1924 FINANCIAL “SHERIFF IS BLAMED | [Everyaars BRAZILIAN REBELS 4 ARE HELD IN SERIES | TEAMS TIE FOR SECOND ——— Prevailiog_ interest and_commission Joseph 1. Weller 44 Vo, & & Tram Sz sta s ruw, | Thomas J. Fisher & Company, Inc. Membor Washington Reel Estate Board. T35 1Mh Street ANOTHER KIND OF FOREIGN Main 766-3370. m_‘ES_T_I![ENTS OF ROBBERIEflN TOWNS IN COUNTY LEAGUE (] FIRST MORTGAGE NOTES | FOR FATAL CLASH OUSTED FROM CITY 7 ez - —_ E—— Consult Us BY GEORGE T. HUGHES. Bethesda Fails to Hold Lead by || If you have funds for favestments Defaulting Against Arrests. Herrin Police Chief Claims “Galligan and Gunmen” THOS. E. JARRELL Glen Echo. Started Latest Trouble. Tr the Associated Dress HERRIN 111, September 1.—Chief of Police A. M. Walker, in a signed statement, today asserted that Sherift George Galligan and his “gunmen” pitated the clash aturday, in which six men were killed. Klansmen at Jail Herrin was peaceful early today and residents were preparing for the usual Labor day celebration. Meanwhile authorities were dubi- ous as to the de: »pments to be ex- pected. Sheriff Galligan of William- son County, at his home in Marion, asserted that no other trouble was anticipited, but many residents ex- pre d belief to the contrary. Aften persistently denying all day that any arrests had been made of men suspected of participation in the shooting Saturday, which resulted in the killing of six men, and the calling out of the militia, heriff Galligan admitted yesterday evening that 11 prisoners had been taken, and that , nine of them had been removed to the 4 Saline County jail at Harrisburg for safe keeping Klansmen at Jail. Hardly had the news of the re- moval of the prisoners become known when a _crowd of alleged Klansmen gathered about the jail in Harris- burg, which was under guard of spe- cial deputy officcrs. No trouble resulted, Adjt. Gen. Carlos Black of the Illi- nois National Guardsmen arrived here Yesterday to view the situation and to decide when to withdraw the troops. He announced he would like to recall the militia not later than ‘Thursday. Last ght there were ru- mors that the Klan contemplat- ing general meetings throughout the country, but the only evidence of a Klan meeting was found at Hurst, seven miles from here, where a huge flaming cross had been erected. Men Held in Death. The men arrested vesterday are Theld in connection with the death of Treputy Sheriff “Bud” Allison and Chester Reid, who were killed in front of a local garage, where Sheriff Galli- gan attempted to confi te an auto- mobile on orders from e's Attor- ney Delos Duty. This incident preci- pitated the revolver fight in which the six men wepe killed The coroner’s inquest into the death of the six men has been set for ‘Wednes: v and it has been intimated by Adjt. Gen. Black that State troops will remain here until after the in- quest. The general said last night that he did not anticipate any further disturbances. ¢ POLICEMEN SUSPENDED. Pair in Cumberland Accused of Wrongly Taking Money. Special Dispatch to The Star. CUMBERLAND, Md., September 1 —Charged with unlawfully receiving money from Oscar E. O'Neal and A. Lease, Edward T. Dodd and W. L. Roach, who had been serving on the city police force for two months, have been temporarily suspended by Police Commioner Harry Irvine. Commissioner Harry Irvine. $8 and $10, respectively from O'Neal and Le when the officers found them in company with women, stand- about an old lime kiln on the Valley road. Chief of Police Zyerman had instructed the 4 watch on the lime to breaking up officers to keep kilns with a view loitering. It is claimed that Dodd and Roach were not rezularly appointed on the ice fo ion prior to taking the civil fee examination Alaska Has Air Service. From the New York Herald Anchorage is the latest city to establish an aerial savs an Associated Press dis- from Anchorage. A smooth, one has been provided, six Vlocks from the business section. A / commercial aviation company is car- TVing on a regular passenger service ining distric Alaskan landing LAFLIN When Your Eyesight involved, you cant afford to take any chances. We enmjoy s wide reputation for ACCURACY in Eye Testing and Eyeglass Fitting. Two stores to serve you. New Branch Store, 922 14th St. OPPOSITE FRANKI N SQ RE Sure It Can Be Done! Papering and Painting ‘Without inconventence or dirt, while you are enjoying your vacation; reasonsble. CORNELL WALL PAPER CO. 714 13th St. N.W. Main 5373-3374 ‘We Want Apartments and Houses For Rent Because of our central loca- tion we come in contact with many people who apply for apartments and houses in all sections of the city. List your vacant property with us so that we can secure a tenant for you by the middle of September. Louis P. Shoemaker 1407 New York Ave. N.W. Main 1168. »C’o!'rje_ct Glasses AUFMAN klOptician 809 11th St. N.W. UNDER UNITED STATES GOVERNMENT SUPERVISION Specialized Service to Army, Navy and Civilian Depositors Industrial Loans Checking Accounts 49 Savings Accounts Banking Hours: 8:30 to 5§ P.M. THE DEPARTMENTAL BANK 1714 Pennsylvania Ave. N.W. BONDS. Sixty-Third Article. In a preceding article on the in- vestment rating of forelgn govern- ment Londs it was stated that the principal thing to be considered was the credit of the government con- cerned. As a rule the only security the holder of such a bond has {s the pledged word of the borrowing gov- ernment. This is always true of old- established governments with a long record of financial solvency. There are, however, some foreign bonds which are speclifically secured by lien on certaln revenues either ~from customs or internal taxes of one kind or another. In some cases representa- tives of the bankers who make the loan in the first instance have direct supervision of the collection of these revenues. The recently issued Hungarian loan is an example. This loan is secured by a first charge on the revenues from the customs, the sugar tax and the tobacco monopoly and these revenues as collected are paid into a special account controlled by a commissioner general appointed by the League of Nations who represents the bondhold- ers. Whenever any such arrangement is made It is possible to compare the total receipts from the pledged reve- nues with the Interest requirements of the loan and in this way judge of the margin of safety in much the same fashion as a bondholder scans the earning statement of a corpora- tion in the securities of which he is interested. Provisions of this Kind add to the attractiveness of a foreign bond whenever there is any reason to regard the risk as unusually great. Certain Central and South American bonds have been marketed success- fully because payment was secured by some such pledge. More rarely a foreign bond issue is guaranteed by other governments. The most notable instance of this kind is the Austrian 7 per cent loan put out in 1923. This issue is not only secured by pledyes of certain customs and internal reve- nue receipts, but is guaranteed in specified proportions by the principal governments of Europe. Obviously such a guarantee adds greatly to the marketability of a foreign govern- ment obligation. There are also certain foreign bonds, not government issues, but loans of railroads, utility or indus- trial companies which have been sold in this country because of the guar- antee of their own government. They vary greatly in merit. Two bonds listed on the New York Stock Ex- change of very high investment rating belong in this classification. They are obligations of the Canadian Northern Railway, owned by the gov- ernment of Canada, which guarantees. the bonds by indorsement. Their credit depends, then, not upon the railway, but upon that of the Cana- dian government. Issues of this na- ture must be judged by the standing of the guarantor. (Copsright, 1924, by Consolidated Press.) DRIVE TO INCREASE MILK USE PLANNED Maryland Dairymen to Use Big Fund in Campaign in District and Baltimore. Special Dispatch to The Star. BALTIMORE, September 1.—Plans for a campaign to Increase the use of milk in Baltimore and Washington were discussed at the seventh annual convention of the Maryland State Dairymen's Assoclation, held here Saturday, and a fund of $35,000 or 40,000 to further the campaign was pledged. g A dairy council will be established to develop the dairy industry by In- creasing the consumption of milk as well as working out the economic problems of milk handling, whereby the farmer will get a more certain profit and the consumer fuller value for his money. According to the report of the sec- retary, 30,815,467 gallons of milk were marketed during the year, or an average of 57,028 gallons each day, giving the shippers a cash return for their product of $6,475,000 for the year. : The average basic price for 4 per cent milk received during the year 1922 was 26% cents per gallon, f. 0. b. city; average for 1923 was 28 11-12 per gallon, and for 1924, 315-6 cents per gallon, Dr. A. F. Woods, president of the University of Maryland, addressed the gathering and told the farmers that the association now has in readi- ness for immediate operation a 75,000 plant for handling milk, should any great surplus develop or any trouble be experienced in the present ar- rangement of prompt home distribu- tion through city dairies. This plant could be used o manufacture milk products and thus prevent or reduce waste. Pewholders Own Land. From the Chicago News. Because deeds made from 1872 to 1875 gave pewholders in Grace Epis- copal Church of Chicago absolute title to the land underneath the seats, search is being made for nearly 50 pewholders, 50 that the sale of the church property to the Coliseum Com- pany can be cleared up. Chief Justice Fuller of the United States Supreme Court, then a practic- ing lawyer In Chicago, drew up the form of the deeds whereby the owner of a $600 pew became the proprietor one one-hundred-and-ninetieth part of the church property. Title experts say the incident is without parallel. —_— Sources of Wealth. From the Kansas City Times. President Coolidge says that the “sole source of natlonal wealth is thrift and industry, and the sole sup- ply of the public treasury is the toil of the people.” That may sound like a novel and radical doctrine to some to whom thrift, industry and toil are noy at all inviting. These take the view that the real source of wealth is the, national treasury itself, and that everything necessary to bring about an_equitable distribution of that wealth is generous legislation by Congress to give each group what it demands for itself. To Do What He Could. From Everybody's Magazine. The deputy warden of the peniten- tiary was looking over the new arri- vals. Among them was a tall, forlorn- looking gentleman of color, who who seemed to take it very hard, sighing so deeply that the deputy asked: - “What's the matter, boy?” “Mah sentence, suh'" was the mournful reply. *Ah, can’t do all this heah time the jedge done gib me!” “How much are you doing?’ in- quired the deputy. “Life!” exclaimed the new arrival. “Well,” remarked the deputy, not unkindly, “just do what you can of From the Denver Clarion. Mother—Eunice, can you see in the dark? Bunice—No, why? “Well, I heard you tell Halley last night he hadn't shaved.” . State Capital of Amazonzas Is Recaptured by Federal Troops, Says Paper. By the Associated Pres. BUENOS AIRES, September 1.— Manaos, capital of the state of Amazon- zas, Brazll, where a revolt broke out more than a month ago, has been occu- pled by government forces, according to a dispatch from Rio Janeiro. giving the newspaper O Paiz as authority for the statement. It is asserted that the revolt has been suppressed. It began when the military garrison and small naval forces sta- tioned there mutinied and took posses- sion of the government house after a fight lasting an hour and a half against a police force numbering a hundred. Acting Governor Flees. Acting Gov. Turiano Meira took refuge on a British vessel. The revo- lutionary forces proclaimed Lieut. Ribeiro governor and issued a declara- tion of independence. They then seized the Brasillan Lloyd linc steamer Bahia and armed it with guns. Some of the smaller vessels started down the Amazon toward Belem (Para), capital of the State of Para, deposing the authorities at all the ports on the way and seizing the fortress of Obido: Word of the approach of the rebels caused a panic at Belem, where al- ready there had been much disorder and an attempt_to depose the state governor, Sousa Castro. Large numbers of the residents fled from the city. Rebels Are Defied. Gov. Castro refused to treat with thet rebels, and notified them that any attack would be resisted, where- upon the rebels steamed back to M ts which have been taken from the newspapers of northern Brazil say that one of the leaders of the revolt was an aviation lieutenant who had participated in the military revolt at Rio de Janelro in July, 1922, on ac- count of which he was transferred to Manaos. WOMAN'S CAUSE “HIT.” No Advance Made in Either France or Italy, Says Writer. Constance Drexel in Harper's Magazine In the Latin countries—in France and in Italy, for example—public sentiment is farther away today from the new conception of woman's role than at any period since before the war—this in spite of the im- s gained from woman's co- Deration In the war, ard the Erati- tude of the men for their help in winning the bloody struggle, which placed women in the Latin coun- tries in a strategical position to ask for and obtain almost anything. Besides having stood by the men, the women also had displayed re- markable and surprising ability, not only in business management and in executive positions, but in per- forming heavy physical labor. Men could no longer scoff at womar’s weakness nor charge her with i ferfority. The war gave woman her opportunity. Women, too, even in the Latin countries, seemed delighted with their new freedom. So, all in all. there came a tidal wave in favor of a wider conception of womar's role which, six months after the armistice. resulted in an overwhelmingly favor- able vote in the French Chanbre des Deputes (May, 1919) giving French womer. full suffrage rights. But the Senate has never carried the measure and finally turned it dowr. last autumn. Now the piti- fully small group of French suffra- gists have their work to do all over again, with little prospect of success. largely due to the indifference of the French woman herself. In Italy, though a step has been taken in Mussolini’s proposal grant- ing municipal suffrage to certain groups of women, the situation fs practically aralogous. BIBLE STILL “BEST SELLER.” Writer Says Fact That There Is a Demand Provides Best Reason. Basil King in Harper's Magazine. At the moment of writing I read in the newspapers that the presses which print the Bible cannot keep pace with the demand. How did this demand arise? What maintains it? Why do people buy and read this ancient book, when they can buy and read so much that is newer, fresher, and, on the surface at least, more directly suited to their twentieth century needs, Of one thing we can be certain, that unless these books supplied something which the heart of Europe and America craves for its sustenance, no such demand would continue. Nowhere else in history, to my knowledge, do we find a group of peoples. extremely diverse among themselves, appropriating a whble literature not their own. which they had no part in producing, and liv- ing on it as they never live on the most vital works of their own chil- dren. The phenomenon calls attention to itself, and is perhaps its own best explanation. Demand is always in proportion to the quality of the supply. That is all. There is no further mystery. It is with the Bible as with everything elss. Where there is that which meets a need, those who feel the need will turn to'it. No factitious senti- ment would keep the Drinting presses of the Bible working overtime. No pietistio or sectarian or ecclesiastical incitement could, year in and year out, support a sale which possibly equals that of all the rest of the books in the world put together. Life does not work that way. Nothing is continually and eagerly bought and paid for which is not worth its price to the purchasers. Deception or overestimation may rule for a time, but it is discovered in the long run. If in the long run the demand for any article is greater than it ever was, we may depend upon it that there is value in that article which 1s not to be found else- where. There, then, s the basic reas the Bible's authority; its value. Moy all the allowances you like for the unread Bibles on the shelves of homes, schools, and churches, and there stil] must remain & vast num- ber of people in the world studying these books and ‘finding in. thers truths essential to their welfare, It is they who primarily give to this volume its right to g is they who have primarily :f::.; m’: Bible 'its power ever since the days Wwhen the first of these spitirual classics was singled out as having a special quality. —_— This Candidate Never Seen. In Butte, Mont, a mar leaders 8o far as known, is offering himself as a candidate for United States Senator. The names is J. W. Allerton. No Republican can be found who knows him. and his name loes not appear any directory in the city. 5, Special Dispateh to The Star. OAKLAND, Md., September 1.— Four men were arrestéd by Sherift Johas Yutzy in connection with a series of robberles at Bittinger and Oakland during the past several weeks. They gave their names as Frank, J. H., and John Fiddler and George Burkholder, and their resi- dence as Somerset, Pa. The men were given a hearing be- fore Magistrate E. I. West, and held in sums ranging from $1,000 to $1,500 for their appearance at the Circuit Court. The men were apprehended on a blind road, when they were pursued and forced to turn back, in their automobile. It is thought that the arrests will solve the series of robberles at homes, n farms and at stores in Bittinger and in Oakland. Other arrests by Sheriff Yutzy were, Ernest Resh and James Burke of Bittinger, on charges of the theft of three automobile tires from Martin Stanton of Bittinger. Neal Shockey and three boys named Kitzmiller were arrested on charges of destroying and robbing mail boxes on rural mail route: FRANKS’ RESIDENCE SOLDTOMOVIE MAN Home Purchased From Loeb’s Father Reluctantly Parted With by Family. By the Associated Press CHICAGO, September 1.—Jacob Franks has sold his home—the house toward which his son, Bobby, was trudging after a day at school when he accepted an invitation to inspect a tennis racquet and was instead kidnaped and slain: the home that he, the elder Franks, had purchased from Albert Loeb, father of Richard, one of the youthful murderers, 5 years ago, a year before Bobby was born. The new master of the spacious residence, located in the heart of the South Side fashionable district, will be Joseph Trinz, part owner of a string of motion picture houses. The Franks family will move to a North Side hotel, Mr. Franks said today. It was necessary in transferring title to Mr. Trinz, to give a quit-claim deed to Mr. Loeb, who had once owned the property. Half a block up the street from the Franks home is the Loeb residence and a block further away is the resi- dence of Nathan F. Leopold, Sr.. whose son, Nathan, jr., with Richard Loeb, is awaiting the decision of Judge John R. Cavely as to the penalty he and Richard must pay for the murder of Bob Next door is the Samuel H Harris place. Samuel H. Harris, jr., it was developed at the recent hear- ing, had been marked at one time a probable victim by Loeb and Leo- pold Wife Reluctant to Sell. Constant association with unpleas- ant reminders of their son's life and the circumstances surrounding his death prompted Mr. and Mrs. Franks to sell their home, although Mrs Franks was reluctant to part with the house in which her children had been born and reared When Judge John R. Caverly of Criminal Court pronounces sentence Wednesday, September 10, Albert H. Loeb. father of Richard, and Nathan F. Leopold. sr, father of young Nathan, will be present. Mr. Loeb has announced his inten- tion of disregarding the advice of physicians to attend court on the fateful day. He is seriously ill with an affliction of the heart, and has been resting for several months at the family Summer estate _at Charlevoix, Mich. Mr. Leopold has attended all sessions of the hearing. SWEDISH TIMBER TRADE. | Export Sales Show Increase Over Those in 1923. The Swedish Economic Review re- ports that the liveliness which wa: observable in the timber industry as February advanced continued into the first weeks of March, but in April increasing weakness supervened About the middle of May it was reck- oned that sales from Sweden amount- ed to about 475,000 standards, as com- pared with 425,000 for the correspond- ing period of 1923. The position on the wood-pulp market Is peculiar, in that right from the turn of the year 1923-24 sales for 1924 deliveries have been extraordi- narily brisk, while prices have re- mained at a level which cannot be considered compatible with the po- sition which Swedish pulp enjoys in the world’s markets. At the beginning of May sales of sulphite, predominately strong sul- phite—the most important Swedish export quality—were reckoned to amount to some 500,000 tons, corre- sponding to 69 per cent of the total of the year's disposable production. As usual, Great Britain and the Unit- ed States of America have secured the greatest quantities, but sales have also been made to the Continent, though for the most part in smaller parcels. -—e- Protect Your Meney. Life's drama, in a major sense, is a conflict between mam and his en- vironment. Savings and wise in- vestments are forces which validate the human will, making it possible for an individual to determine the future economic status of his family. To Stop Hysteria. From the Edinburgh Scotsman. the lecturer sald, “suppose you had been called to see a patient with hysterics—someone, for instance, who had begun to laugh and found it impossible to stop—what is the first thing you would do?" “Amputate his funny bone!” promptly replied the new student. 811 Vermont Deals in the Best Real Estate Securi ROCKVILLE, September 1.—Be- cause Bethesda failed to place a team in the fleld against Glen Echo at Be- thesda Saturday afternoon Glen Echo was awarded the game, 9 to 0, and Bethesda and Rockville are now tied for second place in the Mountgomery County Base Ball League champion- ship race, as the boys from the county seat won from the leaders, Boyds, at Boyds, 13 to 6. Dickerson downed Washington Grove, at Dickerson, 11 to 5. Boyds continues in first place by the narrow margin of one game over Bethesda and Rockville. The stand- ing of all teams is as follows: Boyds, 15-5; Bethesda and Rockville, 14-6; Dickerson, 9-11; Washington Grove, 5-14; Glen cho, 4-15. ext Saturday afternoon, Bethesda plays at Boyds, Washington Grove at Rockville and Glen Echo at Dicker- son. GERMAN BONDS Bought and Quoted Your Moldings Gladly, Analyzed Consultation Service 435 Star Bldg. Main 2867 Reasonable Rents FOR Suites or Single Rooms High Ceilings—Ample L Day and Night Elevator Servios IN MODERNIZED Federal-American National Bank Bldg. 1317 F Street NW. Apply Room 505 M. 256—PHONES—M. 700 Very Desirable Offices —in our bank building. fac- ing New York Avenue, now available. Reasonable rent. Apply main floor. CITIZENS’ SAVINGS BANK 1336 New York Avenue FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Joun PooLE Persmem When Buying Our 7% First Mortgage Notes You Can Be Assured and con- has been First.—A very careful servative appraisal made. Second.—The loan we recommend is less than 50% of the market price. Third.—After you have purchased one of our notes you get a service that assues you inter- est the day due. Notes on hand in amounts of $100 up. Chas. D. Sager 024 14th St. N.W. M 57 38 Loan Department Mortey Available for First Deed of Trust Loans 6317 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. EQUITABLE Co-Operative Building Association Organized 1879 44th YEAR COMPLETED Assets .. Surplus . It’s Easy to Save Through Our Systematic Plan. —and you will eventually be financially strong. Let us tell you more. Subscription for the 87th Issue of Stock Belng Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, Preaident FRANK P. REESIDE, Sec’y. Avenue N.W. les First and Second Trust Notes and Ware- house Receipts are 7% First-Mortgage Notes, SECURED by Imgmved at fair rates District. of Columbia Real Estate, Are a INVESTMENT. Offered in _denominations from $250.00 UP. Woodwerd Blds. We Buy and Sell Liberty Bonds Treasury Notes Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Etc. Arnold Guaranteed Certificates Arnold Guaranteed Certifientes afford a safe and profi vestment They are mecured by Kages on imgroved income exta; rect obligation of Arnold Compnny. Tssued $100, $500 and $1,000, to run for term of 2 years. Bend for Nosklet K-1 ARNOLD AND COMPANY Capital 1416 Eye Street N.W. Tele; = mmmmmmnmmnnnnmmmmnmmmmg T Caution Commendable Eyery man or woman about to invest money should exer- cise every CAUTION in the selection of the security, but it is equally important that a proper choice be made of the firm which is to handle the Our record forms the basis for soliciting patronage, as we have always placed the interests of our patrons para- We are offering to- some excellent MORTGAGE NOTES, pay- ing 6%4%, which are abso- lutely safeguarded. funds. mount. day Mortgage Iavestment Department HANNON 713 and 715 14th St. N.W. for homes, and are a in amounts of to 10 activity Standard Through Years N a world of changing values, cer- -tain names have come to repre- sent authority—standard through years. During over 55 years of commercial in the mortgage investment field, this institution has placed mill- ions of dollars in First Mortgages for thousands of discriminating investors whose first thought is safety of prin- cipal and not one of these investors has ever lost a dollar of principal or interest. Today, our First Mortgages, amply secured by high-class, i _ Washington real estate, will yield the investor 61%»%—and more. How may we serve you? Swartzell, Rheem & Hensey Co. 727 15th Street N. W. Washington, D. C. 55 Years Without :Loss to An Investor Ineorporated Surplus, $1,250,000 Is of a FIRST Main 2345 Over a Quarter Century Without a Loss. —and conditions do not affect the desirability of our FIRST MORTGAGES They run for 3 years, yield 6%, and may be bought in amounts of $250 and multiples for cash or on our partial payment plan. B. F. SAUL CoO. Main 2100 1412 Eye St. N\W. improved Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Inerporated Under the Laws of Virginia) Authorised Caitalisation 250,000 Shares 8% Cemrulative por value $10.00 . . . 250.000 Shares Common Steck. par value Preferred Stock. $10.00 $2.500.000 Tomorrow— TO build for yourself a future that will be free from financial struggles requires keen judgment in the selection of your investment se- curities. Not only must they bear a high factor of safety but they must be liberal in the returns they yield. The Mortgage Bond &, Guaranty Corporation deals exclusively in First Mortgages, secured by improved, in- come-producing real estate and, for - HUGHES & COMPANY 1418 Eye Street, N. W. this reason, is assured of a ready sale for its offerings of guaranteed First Mortgage Certificates and profitable returns from its transactions. It would be a. wise move for . to link your future with that of th. Mortgage Bond & Guaranty Cor- poration by investing now in its stock. The dividends are free from the nor- inal Federal income tax and the stock is free from the D. C. and Virginia intangible tax. All dividends over and above the 8% paid on the pre- ferred go to the common sharcholders. In offering a combination of one share of 8% cumulative preferred stock and one share of common stock (total par value $20) for $12.50, the Mortgage Bond & Guaranty Cor- to make a safe, profitable investment. Partial Payment Plan—20% cash; 5% of remainder per month for twenty months. No interest charge on deferred payments. Regular pre- ferred dividend applicable to amount paid in. 1 Share 8% Cumulative Preferred......... 1 Share Common Descripeive Bookiet Matied Upon Roqwest s $12.50 (INCORPORATED) INVESTMENTS Meal 52

Other pages from this issue: