Evening Star Newspaper, October 16, 1924, Page 29

FINANCIAL (—— Money to Loan Secured by first deed of trust ta revailing interest and commission. Joseph I. Weller ity o MT. RAINIER LOA! aximum Income ANNUITIES Life Insurance Co. 8 Woodward Bldg. he LIFE Aetnnl ANERR REPORT OF CONDITION H OF THE N CO. 5431 RWade Liland Ave. N.W. ¢ MERCHANTS BANK AND TRUST COMPANY At Washington, in the District of Columbia, at the close of business on 1. . Capital stock paid in .. October 10, 1924, Loars and discounts, includ cdiscounts, acceptances of other banks and foreign bills of exchange or drafts sold With indorsement of this bank .... TR Overdrafts. secured, $51.14; unsecured, Other bonds. stocks, securities, ete.... S Banking house, $120,000; furniture and fixtures, $63,537. Cash in vault and amount duc from national banks. - Amount due from State banks, bankers and trust companies in the United States (other than included in item 10)...... Total of items 10 and 11...... 4 -$565,577.81 Miscellaneous cash ite: : ms . Other assets e LIABILITI Surplus fund . . Undivided profits ... erereneesr 816640461 a Reserved for interest and taxes accrued 5,452,08 = ————$161,8 © Less current expenses, interest and taxes paid. . Amount due to national banks Amount due to State banks, bankers and trust companies in the United States und foreign tountries (other than included in item 22) 3 . Certified checks outstanding' - Cashier’s checks outstanding Total of items 22, 23, 24 and .$651.925.95 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days Individual deposits subject to check.. . Dividends unpaid . Other demand deposits . 34 eo. 4 Total of demand depo: deposits) subject to 30, 31 - ...$3,932,120.91 Time deposits subject to reserve (payable after 30 days or _ subject to 30 days’ or more notice, and postal savings): Certificates of deposit (other than for money borrowed). Other time deposits Total of time deposits subjeci to reserve, items 32 and 34 ....... -$2,428,326.32 Bills payable (including all obligations representing money borrowed other than rediscounts) Liabilities other than those above stated. an reserve, items D 1491879.01 -$6.20 s 183,537.29 509,193.98 56,383.83 1,669.43 70,848.90 .$1,000,000.00 250,000.00 631,849.28 8.444.10 11,631.12 116,151.89 164,334.07 . 2,263,992.25 200.000.00 57.91 $8,523,757.72 1. a Loans CONSOLIDATED REP({.RT OF CONDITION the RIGGS NATIONAL BANK At Washington, in the District of Columbia, at the close of b 24. October 10, 19 RESOURCE; and discounts, including rediscounts, acceptances ot other banks and forefgn bllis of exchange or drafts sold with indorsement of this bank (except those shown in b and ¢). .$17,212,281.93 ¢ Customers’ liabil this bank purchased or discounted by i 55,000.00 D. C, THURSDAY, OCTQBER 16, Total loans . 2. Overdrafts, secured, . U. S. Government b All other United States ing premiums, if any) . Other bonds, stocks, securitie: z Banking house, $1,618,383. furniture $408,769.14; building account. $12,750.. . Lawful reserve with Federal Reserve Bauk... : Items with Federal Reserve Bank in process of collection . Cash in vault and amount due from national banks Amount due from State banks. bankers and tru panies in the United s (other than included items 8, 8 and 10) s e and fixtures, in 2. Exchanges for clearing house . Checks on other banks in the s ing bank (other than item Sy Total of items 9, 10, 11, 12 and 13 . $3.397,834.37 . a Checks and drafts on banks (including Federal Reserve Bank) located outside of city or town of reporting bank . . 37,732.68 b Miscellaneous cash items . 11,580.08 - city or town as report- 6. Other assets, if any Total LIABILITI Capital stock paid in . .. . rplus fund .. . . Undivided profits ........... a Reserved for interest and accrued .... b Reserved for contingencies © Less current expenses, interest and taxes paid Amount due to Federal Reserve Bank Amount due to national banks . Amount due to ate bank panics in the United (other than included in items Certified checks outstanding . . Cashier's checks outstanding . .o . - Total of items 21, 3 and 25 . $4,830,69 Demand deposits (other than < depesits) subject to re- serve (deposits pavable within 50 days): Individual deposits subject to che: Certificates of deposit due in than for money borrowed) . Dividends unpaid ety . Other demand deposits . . . Total of demand deposits (other than bank deposits)) subject to reserve, items 26, 27, 30 and 31.. .....$18,67 °t to reserve (payable ter 30 d or more notice, and postal nd trust foreign countries 21 or 22). than 30 days (other . 2,500,000.00 $17,267,281.93 14,442.93 2,029,832.90 | 2,267,044.66 805,346.13 1,665,835.61 1,250,000.00 599,971.9% 363,8 1,561, 2,719,790, 35,613, 5.088,318.36 REPORT OF THE CONDITION ? the WASHINGTOM SAVINGS BANK, At Washingion, in the District of Colum! at the close of business 1. a Loans and discounts, ing of * othel bills of ex; ! sold_wil bank . Othier bouds, te. Banking fixtures nkers in_ the than included in item 10). .., 13. Checks on other banks in (e same city porting Total of taxes paid . . Certified checks outsiauding Total of item 24 ...... Demand d deponits) (deposits payable withiu ayx) . Individual checl Total of ‘detuand deposits (oiher than bank ot ct and postal savings): borrowed counts) named bank, statement is lief. 141 day of « (Seal) (Signed) JOHN M. T (Rigned) THOR. D. W (Nigned) GEO. B. BE 1924, MONEY TO LOAN 05 tmproves 0. 0. and ML ANY ANOUNT—: E wd TES Loweat Rates. BUILDING PROJECTS FINANCED. FRED T. NESBIT October 10, 1 RESOURCES. s, accepta w and foreign u v basl ange or drafts NOTICE TO PROPERTY OWNERS After 18 years of service to the pub- li, we can acclaim without fear of contradiction that our methods are the. safest and most satisfactory. We are mot the largest operators, but safest through personal service. It costs mo more to have this service than the other kind and your interest is firat served in our offices. Call Main 1373. List your rental and sale properties with us ow. D. H. JOHNSON CO. 1338 H St. N.W. red. stocks, securities, 166,488.00 54,468.51 39,177.98 70,270.26 Bouse, " furniture aud and trust United_Mtate or town a bank items spenite (ot subject to rexerve 30 deposits subject to 250,613.45 30 duys, to 30 days' or more (athier ) rer of the sbove ibly swear that the above true to the best of my knowledge J. D. LEONARD, Treas. 0 before me this detober, 5 (Signed) JAMES H. MARR, RAN i g FIRST MORTGAGE NOTES FOR SALE IN BENOMINATIONS OF 500 DOLLARS AND UPWARDS Rl H Hogoen ¥ G, 1821 Conneclicat ocnae Bola~ P~ o infuriated Patago- nian is an antagonist to be respected. Who steals from him needs must be fleet of foot, for he can hurl his trusty Bola aith an accuracy that is deadly up tosixty yards. On provo- cation he twirls this heavy series of balls around his n savings): head, and with a powerful neton, sst Ewest Bt th & A lTrPnSuPél’ of the above-named bank, do solemnly . 1 5 th d b 2 e above at ent b y V] e 4 groar © statement is true, to the best of my knowlege and EDWARD B. SMITH :L"}:l’g! 'rt’ iia;x::pmed:;r/l fi D, n & co. Bl woe fo the object of his Established 1892 aim. Members N. Y. Stock Exchange . Other time . T s 2 . Postal savings deposits . . Total of tim: deposits subje items, 32, 34 and 35 s Teas: 309 . United States deposits (other than postal savings), ing war loan deposit account and deposits of United disbursing offic, i . : : credit outstanding S a “Acceptances” executed by this b tumers. and to furnish dollar exchange.. b Less acceptances of this bank purchased or discounted (see item 1 ¢) 2 . Liabilities other than those above stated. .. E. W. POPKINS, $ Treasurer. Subscribed and sworn {o before me this 15th day of Octeber, 1924. (Seal.) HARRY J. DONOGHUE, Notary Public. t to reserve Correct—Atfest: R 1,386402.15 1 PETER A. DRURY, > : R. E. BOLLINC F. P. HARMAN, Jr, LEE P. WARREN, Directors. = e 24,739.60 nk for cus- $55,000.00 THE plutocratic Patagonian is not the only owner of wealth who takes measures to protect it. The am- bitious American seeks protection for his possessions, too, but of a different variety. He can find protection un- surpassed for margin of safety in First Mortgages purchased through us which will yield 6% per cent—and more. This protection also awaits you. HEEM&HENSEY Co. 76&%01‘. MW shington,D.C. Investment Securities REPORT OF Corporation Financing Of the ' o o 3 American Security & Trust Company |t of comi, p y 1, ROBERT V. FLEM At Washington, in the District of Columbia., at the close of business on October 10, 1924 NDITION of v Commission Orders Executed hington, s NG, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my Knowledge and bellef. ROBERT V. FLEMING, Subscribed and sworn to before me this I14th day of Octob. (Seal.) WM. H. DORSEY, Notary Pul RESOURCES. . Loans and discounts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drafts sold with indorgsement of this bank..... o Overdrafts, secured, $3.377.92; unsecured, $2,638.89.......... . Customers’ liability account of “Acceptances” executed by this bank and by other banks for account of this bank. and now outstanding...... . U. S. Government securities owned All other United States Government securities (including premiums, if any).. o . . Other bonds, stocks, securitie: Bankinz houses, $1,328,915.54; $208,781.99 Z . Real estate owne Cash in vault and amount due from national banks . Amount due from State banks, bankers and trust companies in the United States (other than included in item 10). Exchanges for clearing house Total of items 10, 11 and S 3 . a Checks and drafts on banks (including Fed- eral Reserve Bank) located outside of city or town of reporting bank . 5 b Miscellaneous cash items.. 917 1Sth St.,, N. W. WASHINGTON Effingham L. Townsend Manager WM. J. FLATE H. ROZIER DULA JAMES M. JOHNSTON, Jr. Directors $15,836,651.05 6,016.81 KEMP DUVAL, POWELL MI 2,990.27 e 1411 Chestnut Street Philadelphia § Nassau Street Safe New York Deposit Boxes 3% Paid on Savings Accounts 1,285.188.73 418,577.57 ] Special i Dept. for = Ladies Completely Equipped Trust Dept. Foreign Drafts and Exchange OLDEST Nat'l Bank in the city 7,094.12 ns.ggs.ss October 16, 1924 ————— 102,320.70 . Redemption fund with U, S. Treasurer and due from U. S. Treasurer . Other assets 800.00 328,604.91 32,970,894.31 $6,000,000 City of Bogota (REPUBLIC OF COLOMBIA) 8% External Sinking Fund Gold Bonds of 1924 Organized in 1814 National Metropolitan Bank Capital, Surplus & Undivided Profits, Over $1,700,000 15th St. opposite U. S. Treasury Capital stock paid in urplus fund . ndivided profits.... ... .0 5 a Reserved for interest and taxes ac- crued : . b Reserved for expenses . © Reserved for clerks’ pens . $3.400,000.00 S 2,400,000.00 $593.841.50 Dated October 1, 1924 Due October 1, 1945 Interest payable April 1 and October 1. Total authorized issue $10,000,000. Coupon bonds in denominations of $1,000 and $500, registerableas to principal only. Principal and interest payable in United States gold coin free of all Colombian governmental and municipal taxes, present or future, at the office of Dillon, Read & Co., New York, Fiscal Agents for this loan. Callable for the Sinking Fund at 105 and accrued interest on any interest date to and including October 1, 1934, and thereafter callable on any interest date as a whole or in part by lot at 102 and interest. Central Union Trust Company of New York, Countersigning Agent. A Cumulative Sinking Fund of 2% per annum is provided to redeem bonds by purchase semi-annually in the market at or below the then current call price or, if not so obtainable, by call by lot. Interest on bonds so uqm.nd is to be added to the Sinking Fund, which, applied against the present issue, is calculated to redeem practically the entire amount by maturity. Upon retirement of 2,250,000 Pesos internal bonds from the proceeds of this issue, these bonds will constitute the only funded debt of the City Application will be made in due course tolist these bonds on the New York Stock Exchange d Less current expenses, interest and taxes paid " ————— 762,626.21 . Amount due to national banks. .. . 120,184.62 Amount due to Stat ks, bankers and trust companies in the United Stat and foreign countries (other than in- cluded in item 22) . Certified checks outstandin Treasurer's checks outstanding. s Total of items 22, 23, 24 and 25. .$479,411.37 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days . Individual deposits subject to check 27, Certificates of deposit due in less for money borrowed). . . Dividends unpaid e 31. Other demand deposits: Trust deposits. Total of demand deposits (other than bank deposits) subject to reserve, items 26, 27, 30 and 31... -$13,216,101.38 Time deposits subject to reserve (puyable after 30 days, or subject to 30 days' or more notice, and postal! savings): . Certificates of deposit (other than for money borrowed) . Other time deposits. .. s Total of time depo: items 32 and 34. . Acceptances executed by bank . 4 B Liabilities other than those above stated... 217,703 16,788, 124,734.2 . 11,594,102.55 50,488.31 $0,652.00 1,480,858.99 —_— e The following information is summarised from statements furnished us by the President of the Municipal Council of Bogota: BOGOTA Bogota is the capital and the largest city of the Republic of Colombia, having a population of approximately 160,000. It is situated in the interior plateau region at an altitude of 8600 feet with a healthful climate, and is adjacent to - the large coffee producing areas and the emerald and salt mines. The city has manufacturing industries of importance and is a growing commercial centre. SECURITY These bonds will be the direct general obligation of the City of Bogota, the full faith and credit of which is pledged to the payment of principal, interest and sinking fund. In addition, this loan ($10,000,000 authox:xzec!? wfll.be secur'e(_i by a first lien on the gross receipts obtained by the City from the Real Estate Taxes (Impuesto Predial, including Servicio de Aseo, Servicio de Alumbrado, Servicio de Vigilancia), and also from all municipal tramways, water wt?rk:, electric power plants, and other specified sources, now owned or to be constructed with the proceeds of this issue. For the f9ur years ended December 31, 1923 gross revenues from these sources lveug«_i approximately twice the interest and sinking fund requ:rements of the present issue, The City has covenanted to deposit each month with a depositary in Bogota for transmission to Dillon, Read & Co. as Sinking Fund Agents, all pledged revenues until the proportionate amount required for lervicg of this issue has been provided for. “If I had only salted my money away for the last ten years, instead of spending it, I'd have a young fortune today.” First ion(-n Bonds are sold in $100, $500 and $1,000 denominations outright or wmader our Investment Savings Plan. . 107,585.15 1 12,599,132.46 OW often you've heard that com- ment! And ten years from now you'll hear the same expression from men Wwho are not seizing their opportuni- ties today. -...$12,706.,697.61 account of this 44 Total. . District of Colu . City of Washington, ss. 1. CHARLES E. HOWE, Treasurer of the above-named bank, do solemnly swear that the above statement is true. to the best of my knowledge and belief. CHARLES E. HOWE, Treasurer. Subsecribed and sworn to before me this 14th day of October, 1924. (Seal.) WM. H. DORSEY, Notary Public, D. C. Correct—Attest: CORCORAN THO) You need not be the one to say it, though. An investment of only $20 a month, less than $5 a week, under our Invest- ment Savings Plan, will grow in 10 years to 310,.000. And you may invest more, if you like, at any time, with proportionately greater results. Every payment on our strongly safeguarded First Mortgage Bonds earns full bond interest. And when bond interest is compounded regularly it grows at a remarkably rapid rate. Learn more about this plan. Tele}ihone Main 6464 or mail the coupon now. . \ CLARENCE F. WILLIAM W. B. F. SAUL, ALBERT CARRY, JAMES F. SHEA, WILLIAM E. SHANNON, J. C. BOYD, HARRY K. BOSS, PURPOSE OF ISSUE This loan is issued to refund the outstanding funded debt of the City of Bogota,amounting to the equivalent of $2,250,000. The balance of the proceeds of this issue will be employed in the construction of and improvements to municipal enter- prises, including extension of the City water works, extension of the municipal tramways 9nd construction of an elpctnc power plant, the improvement of sanitation works, extension and improvement of a public gn-rket. the construction of workmen’s houses and school buildings. All engineering and construction work in connection with the above will be carried out under the direction of American engineers and contractors. COLOMBIA The Republic of Colombia has an extensive seaboard on both the Pacific Ocean and the Caribbean Sea. Its area approxi- mately equals that of New England and the Middle and South Atlantic States, while in point of population it ranks third ‘in South America. Colombia is the world’s largest producer of g‘htinum and emeralds, and the second largest producet of coffee; over 60% of its foreign trade 1s with the United States. The Colombian Government has reorganized its banking and fiscal system under the direction of an American Financial Mission which inaugurated a banking system modelled on the United States Federa! Reserve System, and the Colombian Peso is now quoted in New York at a premium over the dollar The United States has agreed to pay to Colombia the sum of $45,000,000 in connection with the establishment of Panama as a separate republic, and annual instalments of five million dollars each are now being paid. (Colombian Peso at Par equals97.33 cents. The conversion in the above statements has been made at the approximate present exchange rate of §1 per Colombian Peso.) WILKINS, C. A. ASPINWALL, JAMES M. GREER, W. S. CORBY, NEWBOLD NOYES, WM. J. FLATHER, HOWARD MORAN, Jr., Directors. Metropolitan Housing Loans (Metropolitan Life Insurence Co-_p-y.) On homes in the DISTRICT OF COLUMBIA and suburbs in MARYLAND and VIRGINIA for fifteen years. No life insurance requirement. . Business Properties Unlimited funds for loans on centrally located office buildings, hotels and retail stores. A ent Houses These loans may be made for periods of 10 or 15 years— e e e e e o e e e e e e e e e e e e e e e e - [ TEE P. X. SMITE COMPANY, $15 Piftesnth Street: l - 1 further information abeut your Investment Savizgs 1 21an or beuin 22 Totopendent Tacomer ] bonds for delivery when, as and if issued and received by uas, aubject to approval of legal Z:t‘t,graa’ lg' “our counsel, Mesars. Root, Clark, Bucknes & Howland, of New York, and Dr. Estsban Jaramillo e <5 50 Price 98 and Interest. To Yield 8.20% The F. HO Sm-lth CO- I‘-‘unhu information is contained in our circular which may be had upon request. Fomadef S0 LEOI:V ;flll'llfig;lifllik F. SAUTER, o i Dillon, Read & Co, FIRST MORTGAGE BONDS Room 300-301 Edmonds Building “The statementy herein have been accepted by us as ascurate but are in no event to be construed as representations by w, No Loss to Any Investor in 51 Years Lowest Interest Rates Weaver Bros., Realtors 735 15th St. N.W. Main 1821 SMITH BUILDING ° 815 FIFTEENTH STREET Telephone Main 683-4-5-9-709