Evening Star Newspaper, March 30, 1925, Page 21

FINANCIAL, —_— EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. S8 BONDHOLDERS. weeks ago the conversion the 412 per cent bonds an Tel:phone and Tele- xpired and it was an- that out of the original 37,000,000 issued in 1913 some 00,000 par value had not been verted into stock. Up to the date ' which the privilege expired the londs could have been exchanged for company’s stock at $120 per whereas the market value bout $135. the conversion opportunity CAREL A few privilege ¢ f the Amer graph o, ounced day befor psed the nd th It ow ifter at about 96%a. timated that the loss to bondholders who failed their bonds or to con- ock was $320,000. bondholders have | blame. There is | way which a corporation can t in touch with the owners of a spon bond cxcept by advertisement | the newspapers, and the telephone careless to sell them this loss the Iy themselves to STATEMENT CONDITION o THE CAROLINA INSURANCE COMPANY OF WILMINGTON. N. C. | Ist day of Decomber, 102, as re the district of Columbia Code. 30, and Augusi 18, 1911 1 Juze 500,000.00 00, 000,00 Capital stock paid up. in”cas! ASSETS $172.802.60 30.450.00 780,716.00 t value) 1 in hands accrued Uncollected re * Total assets LIABILITIES lieurance premiums al : ther liabilitie i med d g 1 $14,143.905.00 | 26,681.81 | of "during the vear i 708.272.15 100.160.87 » Presideat 16d during tie Year 1921 F. G. RUSWELL. Vi WYATT. Assistant Secreta 2 1o efor, W me this 20th Notary Publ New York Co Co. Reg. No. Brony County 1925, FIRST MORTGAGES FOR SALE Denominations of $250, $500, $753, $1,000 and upwards 6Y2% Loans Made on Property Located in the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N, ST M First Mortgage Notes For Sale in Any Amount Security Carefulls Selected 637 and 77 INTEREST For Thirty-Seven Years We Have Bold ‘Without Loss to an Investor Wm.H.Saunders Co., Inc. 1433 K Btreet N.W. Phone Main 1016-1017 An We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Guaranteed 62% First Trust Notes Real Estate Mortgage & Guaranty Corporation 26 Jackson Pl. N.W. Guarantees its first trust notes as to payment of interest when due and principal at maturity of note. Denominations $100 $500 $1,000 Resources Over $2,000,000 L. E. BREUNINGER, Pres. I Safest Investment Liberal Return OUR First Mortgage Notes Paying 6% Interest Semi-Annually On D. C. Property worth their weight in No safer security can be offered to those who desire liberal investment returns and no risky speculation. We urge that you Consult Our Mortgage Investment Department Are gold. SHANNON & LUCHS 713 and 715 14th St. N.W. Main 2345 o(i On the | were quoted at 112} company had done everything possible along this line. All this is “water over the dam. It may be useful, however, to point out that another instance of this { kind will come on May 1 next when the privilege of converting New York Central debenture 6s of 1935 into New York Central stock at 105 will expire. The quotations for these New York Central bonds is now governed by that for New York Central stock. This becomes evident when it Is noted that selling at 115 these 6 per cent bonds yield only 4.17 per cent, or less than highest grade mortgage obligations. The premier of New York Central securitles, the 3% of 1997, yield only 4.60 at recent market prices and these 6 per cent debentures | are not secured by mortgage at all. | (Copyright, 1925.) AR There are about 100 amateur radio transmitting stations in Spain. STATEMENT OF THE CONDITION of the E FIRE COMPANY OF NEW YORK. On the 31st dsy of December, 102 quired under the District of Columi swended Juoe 50, 1002 EAG and August 18, 1911 Capital stock . Capital stock, Faid up, in ‘¢ash. AS! Cash in bank ks and bonds (market value) unco hauds of agen Interest due and All other assets: on paid losses. .. $141.740.06 11 ‘aceriedl Reinsurance due Total assets.... $1,405,500.34 Net wupaid claimu. - .- Reserve as required by luw. | Salaries, Tents, expebses, taxes, wh dividends, Capital stock Required by £18.707.71 500,333.54 14,327.24 rrmlmin‘ mp-m Ne Total liabilities. .. Character of business year 1924: Fire, Motor Vebicle, Hail, ~ Sprinkler’ Leakage, Riof, arthquake, Tourist Baggage. Amount of riek assumed duriag the year 1924 Losses sustals 1924 Money 1924 . Expeaded during HAR I F. VA trans; Tornado, Golfers, $123,821,725.00 130,493 45 DARLI RIPER, Secretary. Subscribed and sworn o before me this 19th day_of February, 10: (Seal) HERBERT W. LE Rings County, New York: Register_ Ctf. No. : New York Counts Notary Ctf. No. 55; Register Ctf. No. 5100, Commission expires March 30, 1 THE McLEAN COMPANY, GENERAL INSURANCE AGENTS, N, President. Notary Public. Ctf. No. 238 and THE EVEN Oriental with figures of birds or animals are always the work of Christian or Buddhist workers, as the Moslem is forbidden by his religion from making a representation of anything that breathes. March 30, 1928 1818 K St. N.W., Washington, D. C Dividends Through This Make YOUR Insurance iz 277, Pay You Dividends STATEMENT OF THE CONDITIO ot The CentralManufacturers’ Mutual Insurance Co. of Van Wert, Ghio On the 31st day of December, 1924, as re- quired uoder the District of Columbia Code, amended Jupe 30, 1902, and August 15, 1811 Cash in office Cash in bank Real estate ... Real eatate morigazes (first lien). Stocks and bonds (market value). Premiums uncollected and in hands of ageots .. Interest due and accrued .. Total assets . 1.1 l\BlLlTlE“ Net unpaid claims . . $111.044.08 Commissions, brokerage, 64,403.82 Expend g&c. : Ch ssumed during, -.........$187,490,308.00 uring the vear C. M. PURMORT, Vice President. G. A. BERGER, Asst. Secretary. Subscribed and eworn to before me this 12th day of February. 19: (Seal) ARTHUR 8. K. HOLBROOK. Notary Public. STATEMENT OF THE CONDITION of the Ohio Underwriters M.F. Insurance Co. of Van Wert, Ohio On the 31st day of December. 1924, as re- quired under the District of Columbin Code, amended Jube 30, 1902, and August 18, 1911, ASSETS, Cash in office . Cash in_bank 5 Real estate mortgages (Arst lien) Stocks and bonds (market value).. B e nnceitscied 4nd T Banth " of agents Interest due and sccrued Total assets ... LIABILITIES. Net unpaid claims Reserve as required tazes, et ons, brokerage, etc. Total liabilities ...... 749.17 Character of busines: cted’ during the vear 1924—Fire and Lightning. Amount of risk assumed during, the year 1924 . Lo $4,542,041.00 Losses” sustained during the year 114,786.46 the Over $45,000 Paid Office in 1924 ING STAR, WASHINGTON, Prompt Action First, Mortgage Loans Lowest Rates of Interest and Commission ‘Thomas J. Fisher ‘& Company, Inc. 738 15th Btreet The National Market for Farm Loan Bonds p._C., Money to Loan Becured by firat deed of trust on real estats Prevailing interest and commissio Joseph I. Weller 430 Wash. L & Trust Bldg., 9th & F N.W. MONDAY, To Bankers and Brokers in the CITY OF WASHINGTON Federal Reserve District No. 5 To facilitate our Government Bond service to Bankers and Investment Dealers we have opened an office in the SOUTHERN BUILDING, Telephone, Main 4196. C. F. CHILDS AND COMPANY The oldest house in Amarica spacializing exclusivel; ik S ing ly n Albert R. Peters STATEMENT OF THE CONDITION of the Lumbermen’s Mutual Casualty Co. of Chicago, Ill. On the 31st day quired under the amended June 30, of December. 19 e District of Columb'a Code 1802, and August 18, 1911 Cash in office . Cash in bank .. Real estate mortgages (Arat lien). . Btocks and bonds (market value). 2,854,280.00 Premiums_ uncollected hands of agents . Interest due and aceried All other assets . and in sy dSzEcAM Total assets .. LIABILITIES. Net uppaid claims Reserve as required by I Sal rents, expense $1.318.350.85 - 71,434,551.79 72,049.00 19.088.55 850.000.00 589.141.39 33.784,081.53 during the 1020 Canuaity Tanirance sustalned during the year oi-.....$1,503,520.63 Teceived ‘during the year Expended ‘during the year i924. H. G. KEMFER, President. EDWIN E. HOOPER, Secretary Subscribed _and sworn to before me this 12th day of February, 1925. (Seal’) H.'M. BORENSEN, tary ‘Publie. STATEMENT OF THE CONDITION of the National Retailers’ Mutual Insur- ance Co. of Chicdgo, IIl. On the 31st day of December. 1024. am re- quired under the District of Columbia Code, amended June 30, 1802, and August 18, 1911, Capital stock—Mutual ASSETS. Cash in office : Cash in bank Stocks and bonds (market value). Premiums uncollected and in hands of agents ST Interest due and accrued Losses paid and due from reinsur- ance companies ... % Total assets .. LIABILITIES. Net unpaid claims ..... 5 Reserve as required by iaw Relnsurance premiums . General Manager 72222277, Charles M. Boteler | Secretary MARCH 30, 1925. 56 Years Without Loss FINANCIAL.” To An Investor PRIL rounds out the 56th year in which First Mortgage Notes handled by Swartzell, Rheem & Hensey Company have been offered to investors. But that alone is not significant. to age is the employment of the ress by what the years havc been made to ac small achievement. complish. And so we feel a pride in the fact that during this space of more than half a cen- Merely Look, rather to years; measure prog- tury, no investor has lost a dollar in princi pal or interest through our First Mortgages. This record has been a guide to safety and satisfaction for thousands of investors in the National Capital and elsewhere. It be for you! SWARTZELL. RHEEM & HENSEY Co. STREZT seVveEN TWENTY SEVEN. FIFTEENTH (Washuglon. DiE Edgar J. Hunter Manager Casualty Dept. Having Total Assets Over $40,000,000 Ask for Our Rates! Mutual Fire Insurance Building 1301 H Street N.W. Service—Security—Saving Representatives—Improved Risk Mutuals STATEMENT OF THE CONDITION 0f the Northwestern Mutual Fire Asso- ciation of Seattle, Wash. On the 31st day of December. 1921, ax re quired under the District of Columb'a (ade amended June 30, 1902, and August 18, 1911 Capital stock—Mutual Co ASSETS Stocks and boods (market value) . Premiums _uncollected and hands of agents .......... Interest due and lwnud S All other assets ... 437,334, 26618, Total assets LIABILITIES. Net unpaid clai; Reserve as required by Funds held under reinsurance i e e Salaries, rents, ete. Commissions, brokerage. ete. All other liabilities . Total liabilities ..... 132.008.313.11 Character of business {racxacted durlng the year 1924—Fire. Tornado and Autemobile. Amount of risk assumed during the year 1924 . -$349,05: Losses sustained during the year 1924 1,384,658.46. Money received during the year 1924 . s Expended 254.00 uriny 4. TV EDWARDS, Vice Dreaideat. M. D. L’ RHODES, Secretary. Subscribed and sworn to before me this 17th day of February, 1925. (Seal) S._E. SMITH. Notary Public in and for the State of W. ington, residing at Seattle, Wash. — STATEMENT OF THE CONDITION of the Millers Mutual Fire Insurance Co. of Texas of Fort Worth, Tex. On the 31st day nf December. 1924, as re quired under the District of Columbia Code, amended June 30, 1902, and August 18, 1911 Capital stock—Mutual nd bonds (market Premiums uncollected asd in Bands of ageots ... Interest due and Reins. receverable on paid losse Total assets . LIABILITIES Net unpaid claims . Reserve as required by Taw . Salaries, rents, expenses, taxes . $33.416.27 Total liabilities Character of husiness during the year 1924—Mutual, Lightning and Tor- umed during Expended ‘during the year 1934 X ENN WALKER, V. President and Secrel Subscribed _and - sworn to before me this 12th day of February, 1925 B_ KNIGHT. Jotary Public. STATEMENT OF THE CONDITION Of the Merchants and Mfgrs.” Mutual Insurance Co. of Mansfield, Ohio On the 3lst day of December, 1924, an re- red under the District of Columbia Code, a amended June 30, 1902, and August 18, 1911 Cash in office Cash in bank s :-'.3.‘?-' 458 8338 51 » 2 El Bea e d bonds (market valne) Premiums uncollected and in hand: of agents . S Interest d: Reinsurance recoverable 38 238 s Total assets .. LIABILITIES. Net unpaid _claims . Reserve as required by law . g Salaries, rents, expenses, taxes, etc. Commissions, brokerage, etc. .. Estimated expenses of investigation and adjustment of losses ...... Salarios, rents, expenses, tazes, etc. 13.672.63 ‘Total liabili eeeseenenns . 320 Character of business transacted ‘during the year lflz‘—fl"ll! and 'all:ll‘drll. Amount of risk me luring “The vear I s M2.031,100.00 Losses staines uring the year 1024 ©ooonrns T 1oasaver 1924 g Moner Teceived during 263,300.17 237,059.00 1924' . Expended during the year 1924, C. A L. PURMORT, President. G. A. BERGER, Asst. Secretary. Kubscribed and sworn to before me this 12th day of February, 1925. ARTHUR 8. K. HOLBROOK, Notary Fublic. ) DAL 7 Money received during the year iapended dnrisg the year 1024 ; : CHASE M. !HKTB Becretary. Subscribed _and sworn to before me this 24th day of February, 1925. (Seal) DOROTHY M. DEPEW, Notary Public. My commission expires Nov. 18, 1928, 77277 7 Total Labilities . ....$134,017.10 Character of business transacted during the Year 1024 General Fire, Automobile’ Fire and Theft, Property Damage and Collision, = 't'.mn:o'rm.1 5 2 mount of risi umed during, $23,021,942.00 ined during ‘the year 1024 ...... 93,868.98 Money teceived duriog the ear 1924 5 201,730.19 211,670.26 §. N. FORD, Fresident. G. W. DE YARMON, Secretary. joSibacribed and swoim to before methis 2th day of February, 3 (Seal.) W. E. WENTZ, Notary Public, Richmond County, Ohjo. My commission expires May 18, 1927. STATEMENT OF THE CONDITION of the Ohio Hardware Mutual Insurance Co. of Coshocton, Ohio On the 31st day of December, 1924, as re. quired under the District of Columbia Code, amended June 30, 1902, and August 18, 1911 Capital stock—Mutual Co. Capital stock, paid up, in cash—Mutual Co. ASSETS. Cash in office . Cash in bank Real estate Stocks and_bond Premiums uzcoll of agents Interest due and accried .. Reinsurance due from other com- panies .. (market vaiue) . siee. 374508 Total assets . +....$434,613.35 LIABILITIES. Net unpaid claims ... Reserve as required by T Salarfes, rents, expenses, ta Commissions, brokerage. " etc. Surplus as regards policybolder Total liabilities ; Character of busines acted during the year 1924—Mutual Fire Insurance. Amount of risk assumed during, the yeur 1024 $44.530.850.74 fr 188,547.81 Money received during the year 192: * 448,132.20 401,147.80 President. $11,437.49 211,949.61 5,000.00 5,769.60 Expended auruu‘ine year 1624 T, DUFFEY, GEORGE M. GRAT, Secretary. m:\xhu-flh‘rd!lh;: -wo‘r&fim before me this Talal) " T B LEIGmMINGER, © " Notary Public. My commission expires March 3, 1925. i Capital stock, paid up, Telephones { Main STATEMENT OF THE CONDITION of the Lumbermen’s Mutual Insurance Company of Mansfield, Ohio On the Sist day of December. 1924, as re quired under the District of Columbia Cod: amended June 30, 1902, and August 18, 1911 Capital stock—Mutual Co in cash—Mutual Co. ASSETE Cash in office z Cash in bank Real estate . Real estate mort Stocks and bonds (market value) Premiums uncollected and in hands of agents ..... - Interest due and accrued Total assets . LIABILITIES. claims 4 required by law rents, expenses, $90.9%0.00 848.634.01 20.500.00 §,335.92 taxer, us. Brokerage, et: tock—Mutual Co. ed expenses of investiga- tion and adjustment of losses. 03 Total liabilities .......... KEA’\!"aflfi Charactar of business ranss during the year 1924—Fi Ligbtning, Tornado, Auto, Sprinkler Leakage. Amount of r'rk assumed during the year 1924 $194,214,287.00 Losser sustaived during {he year 1924 <o 456 Money fece Edpeaded daring G 93 xpended dur! n[ e vear 1924 S E. 8 AIL, KEGG. Secretary. Subscribed und kworn o before me this 26th day of February. 1923 (Seal.) DWIGHT P. SMITH. Notary Public. ed 'd.mn; the vear 1.5: 1,625.915.30 President. v, H. G. Franklin 6690 Save 20% to 40% on Insurance _We Are Equipped to Handle Large Lines in Old and Well Established Companies, 1557 STATEMENT OF THE CONDITION of the United Mutual Fire Insurance Co. of Boston, Mass. On the 31st day of December quired under the D ameaded June 30, 19 1924, as re. trict of Columbia Code. and August 15, 1911 | Capital stock $100,000.00 | Cash in office Cash in bank Stocks and bonds (market value) Premiumg uncollected and in hands of agents - Interest due and accried Al other assets .. Total assets IABILITIES Net unpaid_claims Reserve as required by law’ Reinsurance premiums ... Salaries, rents, expenses, ete. . Commissions, brokers . Capital stock .. taxes, Total liabilities . “sesit Character of business transacted during the | year 1924—Fire, Automobile, Tornado, Sprin- kler Leakage. Inland Marine. Amount of risk assumed during the year 1024 .. : Losses paid during the vear 1824 Income received during the year Expend $73,183.705.00 358,023.32 944.738.14 ring the vear 1924 502.159.71 8. BRUCE BLACK, Vice President. A. W. CAMPBELL, Secretary. Subscribed and sworn to before me this 25th day of February, 19: (Seal) WM. H. ABARE. Notars Public My Commission expires Sept. 14, 128 STATEMENT OF THE CONDITION of the Texas State Mutual Fire Insurance Co. of Dallas, Tex. On the 31st day of December. 19: anired under the: District of Celumbia Code, amended June 30, 1902, and August 18, 1911. ASSETS. Cash in offce ......... Cash in bank Real estate 5 Real estate mortgages (first lien). . Stocks and bonds (market value) Bills receivable .. Premiums uncollected and in bands of agents .. Interest due and accrued Total assets ...... LIABILITIES. Net unpaid claims Reserve as required by Salaries, rents, expenses, taxes, e, Total lisbilities . Character of business tramsacted during the year 1924—Fire. Amount of riak assumed during the year 1924 . Losses sustained during e yeir 92,430.00 Money received " duri Exponded during the yeur 1o 160,403.00 C. M. WARE, President. E. A. PARTLOW, Secretary. the ‘year Subscribed and sworn to before me this 27tk day of Jgmuary, 1925. (Seal.) A. N. DENTON. STATEMENT OF THE CONDITION of the Glen Cove Mutual Insurance Co. of Glen Cove, N. Y. On the 31st day of December, 1924, as re. quired under the District of Columbin Code, amended June 30, 1902, and August 1S, 1911. ASSETS Cash in office 2 Cash in bank . Real estate ... 5 Real estate morigages (Brst lien) Stocks and bonds (market value) Premiums ungollected and in bands of agents .. o Interest due and accrued . .. Total assets LIABILITIES. Net unpaid claims . Reserve as required by Salarles, rents, expenses, ta: C missions, brokerage, etc. dividends due in 1925 Total liabilities ted during the year 1924—Fire and Automobile Insurance. Amount of risk assumed during the year 1924 . '$28,661,813.00 Losses sustained during the year 924 63,950.16 Expended during the ye: JAMES W. TOWNSEND, President. KARL E. GREENE, Secretary. bed and sworn to before me this of February, 1925. GERTRUDE M. TREPESS, Plate Glass and Settled Without Delay Through | Character of buainess transacted should Fire Automobile Other Lines All Claims This Office | Mutual Plate Glass Insurance Co. of Shelby, Ohio mber. quired under the District of Colum STATEMENT OF THE CONDITION 0f the On the 31st day of Dec 1924, as a Codr amended Jyne 30, 1902, and Aug 1911 ust 18 ASSETS Real estute Real estate mortzages (Arst lien) Stocks and bonds (market value) Premiums upcollected and ia ha of agents Interest due and acerued . 115,850.00 50.037.60 236362 Total assets LIABILITIES Net unpaid claims Reserve as required by Taw Salaries, rents. expenses, taxes, ef Commissions, brokerage. etc Reserve for' contingencies . 3250018 Sa1% 316043 1146402 500000 $141,491.3¢ during th vear 1924—Plate Glass Insurance. Amountof assumed dur.og the year 1924 ..39,573.755.38 Loxses su:tained during the year 1824 Money Tot, % 103,840.09 Teceived during 1924 ... 202,95 Expended ‘during the year 1924 194822 16 HENRY WENTZ, President L. A. DENNIS, Secretary. Subscribed_and _sworn to 7th day of January, 1825 (Seal.) GEO. the vear before me this WILLIAMS Notary Public STATEMENT OF THE CONDITION of the Pawtucket Mutual Fire Insurance Co. of Pawtucket, R. I. On tlie 31st day of December, 1024, an re quired under the District of Columbia Code amended Juoe 30, 1902, and August 18, 1911 ASSETS. ST £30.00 34.762.20 44.640.00 £,500.00 928/463.00 Cash in office in 91.805.91 10,170.58 hands of Interest due apd aceri Reinsurance due on paid losses per Total assets LIABILITIES. Net unpaid claims . Reserve as required by law Salaries, rents, expemses, ete. Cashh dividends remaining unpaid. Unearned interest on mortgage $61.104.62 96336294 10,132.97 taxes, Total liabilities ... Character of business transacied during the vear 1624—Fire, Automobile. Amount of risk assumed duriog, the vear 1924 . ... $1,101,108.99 Net losses sustained during the vear 1924 (included in total dis- bursements) ... Money received during 'y 1024 (total tocome) jeig NI Expended during the ‘Sear 192 (iotal disbursements) .. .. 785,948.73 FRED W. EASTON. Vice President FRANK BISHOP, Secretary. Subscribed and &worn fo before me 24th day of February, 1925. E. R_HORTON 363,492.45 ar ‘the. this My commission expires Juoe 30, 1928