Evening Star Newspaper, April 15, 1925, Page 27

FINANCIAL, ILLINOIS CENTRAL HAS LARGER NET INCOME sociated Press CHICAGO, April 15.—~Net income of the Illinois Central Railroad Co. for | the year 1924 was $18,248,557. com- pared with $15,485,073 in 1923, not- withstanding a general depression in business in its territory. . Tn spite of a substantial decrease in revenues, a conservative policy in reducing expenditures resulted in a balance avallable for dividends in excess of that at the end of 1923, the report said. By the Assoeiated Press, NEW YORK, April 15.—A sfate shows that in 1924 the railroads re- made. Freight cars re they were placed at 249,356, FIRM REPORTS DEFICIT. NEW YORK, April 15.—The G Consolidated Mining Co,, reports a deflcit of $772,373 for 1924 after taxes, interest, depreciation and depletion. A deficit of §717,2 for 1923. PEACKES ESCAPE mr.zz ATLANTA, April 15 (Special).—The Georgia peach crop now is practically safe from freeze. The vield is ex- pected to be normal and the cuality somewhat better than in 1924, Reserve Distriet REPORT OF CONDITION COLUMBIA NATIONAL BANK At Washington, in the District of Calumbia, at the close of business on April 6, 1925 RESOQURCES ounts, meluding rediscounts, acceptances of and foreign bills of exc! hange or drafts, sold . 2,664, 390 12 . .$2,664, Charter No. 3425 1. a Loans and dis other ban with indorsement of this bank . Total louns Overdrafts, unsecured U. . Government H&‘u!lll.\ 0\\ nPd a Deposited to secure circulation (U. value) ... - b Al other United States Gévernment (including premiums, if any) ......... bonds, par securities swenes 218, Toral " oo JEen isonm . Other bonds, stocks, securit . < Banking house. $73,336; fur e and n\lur:fi. ‘H 995.30. . Lawful reserve with Federal Rue\\e Bank 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 items 8 and 10) s . ‘hanges for clearing house s on other banks in the same city or ing bank (other than item 12) .......... Total of items 10, 11, 12 and 13..... b Miscellaneous cash items Che “town as report- 14,490.69 Redemption fund with U. 8. Trusurex -nd due from U Treasurer .... 1 . 4,390,467.25 ,500.00 Total LIABILITIES. o $250,000.00 Capital stock paid in . 300,000.99 17 18. Surplus fund : a Undivided profits .... : ¢ Less current expenses wud . 590.88 . Reserved for taxes, interest, accrued. . . Circulating notes outstanding etc., ment by General Motors Corporation quired to bring the raw materials into the General Motors plants and carry | away the finished automobiles were inby 7 also was reporteg, celved more than $42,000,000 in freight | charges on General Motors cars and trucks and the materials from which | 39.235.33 | 2 THE EVEN NG REPORT 01’("{)::). CONDITION NATIONAL SAVINGS AND TRUST: COMPANY At _15th St and New York City of Washinzton atthe Close of Business URCES 1.aLoans and BRsodne: 1¢ cluding rediscounts, ac ceptances of other banks, and foreign bilis of ex change or drafts, sold With indorsement of this bank (sxcept those shown in b and <) 2. Overdrafts 8,130 n Secured unsecured 8. Gevernment securl ties owned 1 All other United States Government _securitie {ineluding premiums. 1f 5 mn curities, Banking 000 bhonds. stocks, et ise, $1,208,- %z nitre and " 0x tures, $105.421.4 et BN hd ot due from national banks Amount due from State ankers and_trust compsnies i the United than' in. e the same city or town as Feporting bunk otal of Items o 10 n and ST.808 3 Checks and - drafts hankcs | (including Federy! Resarve Bank) located out; S Miscolinpsons cash items Other assets Total LIABILITIES. Capital stock paid in Syrplus fund . a Undivid e d profits 31,4418 cless cur Tent expens es paid Reverve for taxes st. etc., ace Amount hanke Amou: hanls. dus 10 bankers and States and foreign coun tries (other than included “deposits ' (other than bank deposits) suh. Joct 1o reserve (deposits arable within 30 days) ndividual drmmu sun- fsct to chac Dividends unpaid Total of demand deposifs {other than bank_depos 2 S8, Time “deposits ¢ sublect reserve (payahle afte 30 days. or subject to days' or mere notice, and deposit for money Ave. in the District of Columby: April 6, 192 $9,308,778. 218.04 468.850.00 94146160 1314 $1.000,000.00 1:000,000.00 | T54.13 40,000.00 1327, 5.840.86 6,517 24.500.71 STAR, WASHINGTON, e e e et S GENERAL MOTORS GIVES | RAILROADS BIG LIFT| i Total Digtrict of Columbia; Gitx of Was JOHN RI C, WEDNESDAY, REPORT QF THE CONDITION PARK SAVINGS BAN Washington, 0, the District of Columua the close of 10 REPORT OPO;FH“I. CONDITION Bank of Commerce & Savings AL, Washington. in the Distriot ef Col 4t the close of busi an April 6, SOURCES 1. s Loans and, !‘lv\\ s, uding " " rediscount ances "of "other banl foreign hills of ex change or drafts sold with {ydorsement af thia bank..31,068.450.18 secul Gov o‘d vt 219,804.55 51.947.40 | RESOURCES a Loans and" drsoounia. in cluding rediscounts. ac ceptances of othe hanken, ona ‘oreign biila of exchange or drafts #0ld with indorsement of o . n ) insecured S. government securities owned . Other horids, ‘stocks. se curities. ele . Banking house. $81.400.61 furniture and fixtures. nur eataie owned ‘other than banking house . Cash in_vault and amount due from national banks State 566,000 Hixtures, holise. and 7. Small steel banl 0. Cash in vault and amount dug trom national banks. - 209,180 89 800.7 240.768.40 45 24 b Miscellaneou Amount due from banics. hankers and trust wanies in the United tex "(other than in- Tota) .... 1982676 b4 LIABILITIE 7 Caar stockc paid n Surpius fund 1711458 21.616.53 $100.000.00 V 100.000.00 clearing for house o Checks on’ other banks in the “same city or town reporting b 31k as Jather than item 1% 728,00 {other, than it 26.647.79 2.730.00 18.039.95 drattson e banka to national cludiny Amount due to State hanks bankers, ~ and _trugt _com panies in the United States And foreten countries (other s ouistanding cks autstand- ..,‘,.;..’\5 Total LIABILITIES Capttal stock paid in. - Sirols "find qivided profits .. 876 © Less ' current | expenses puid 25.7. 000.00 s 1225.000.00 50, 50 Lol for . monay Diyidends unpaid Total - of demand . de Dosita’ (other than Pk depositr) wub o 27 £ i 3] 3008 DeT 14 3. Certificates of ‘depasit (oth o0 lhan “for money ~bor- rowed) Other tiime. deposit Total "of "time subiect ta iema and 35 50.978.10 Certified checks ing 1.718.66 “deposits reserve. 841.780.40 ml deposity -ub 1 ject to check Time deponits aibieci (pa 1,392,791.04 ORDON. casnier of bavemamed Nhnk: A s Wear that e above statement 1s ‘trae 10 the best of my knowledse and belie OHN M. RIORDON. Casl T Defore ‘me. this (other than horrowsd ) Other time deposits Total of time deposits Sxbaeribd oo S for money 13th day of Apnil (Seal.) HARRY §. WOL¥ : Notary Public. Correct—Attest MAURICE D. ROSENBERG, ¥ SHE: OSFPH H. MILANS JOHN ¥. MAURY, HARRY E. MAYER, L X Dirbetors. | above-numed solemnly swesr that the above statement is {rue to the best of my knowiedge and helief. ROBERT 8. STUNZ, Cashier bscribed and sworn to before me this 1t ey ot Apnl 1 WM. C STRAUS 529444 85 | 1.808.79 | 39 APRIL 15, 1925 FINANCIAL REPORT OF THE CONDITION WAbHI G'l ON '\‘VI\G\ BANK. At Washingten. 00 discounte iscounts. RES and llul.u ge or it . ohan 3 Qyerdrapdt bands, cop and bille ef o rafts, “ured Bancing* houe, Lariture ™ and Real ' “estats “owned than banking house c in vault and smaun e fron Amount dye " from D. in the District of Columbia. at’ the ;qnu of business on ar of other banks o ‘W atocks, wecurt “$45.000 flx tures. rom “national *banks State banks. bankers and trust wold indorsemant Gt this 8.28 | 183,347 ;‘;wi 54.402.85 | 38.651.08 148,584.22 | ather companies in the United States (other _than d ‘Total nY Tems 10 in 315543544 13 b Miscellancois Cash items Total LIABILITIES. Capital stock paid in. Surplus “fund $813.040.10 | .$100.000.00 | 25,300.00 | Updivided profits $16,351.48 cLess curren expenses pai Certified checl Demand depos) outstanding (other than 11.487.45 1.864.03 69563 | bank deposita) subject to veserve within 30 days) Indisidual ~ deponits check Time deposits subject i rve (payable after or subject to re 0 30 (deposits payable subject 334,105.00 days’ or more notice, and postal savings) Certific (other for Other time deposits. - Total of time depos subject ‘to " Resorve. e deposit money 8.607.15 Bills pegabie inciuding. a1 obligations money _ borrowed than rediscounts) ‘otal Distriet s JOHN D, LEONARD, snovecamad bank nt, i3 trge of my knowledge representing other 22,500.00 $813.040.10 | | treasurer of the do solemnly swear that to the best “and 'bell (Siened) JOUN D. LEQNARD. Subseribed and sWworn to before 13(h day of April 1928 Seal) (Signed) JAM commission expires July Correct—Attest (Signed ) THOS (Bigned.] THOS. (Signed) WM. E (Signed.) asur me this REPORT OF THE CONDITION NORTH CAPITOL SAVINGS BANK | Joseph 1. Weller Prompt | First Mortgage Loans tate | Action Money to Loan Secured hy firat deed of trupt on roal o Prevailing interest and commissic 420 Wash. L. & Bldg.. Oth & F SERVICE and SAFETY National Mortgage & Investment Corporation| 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities : Lowest Bates of Ipterest and Commisg.on Thomas J. Fisher & Company, Irg W08 151h Hirert First and Second Trust Notes and Ware- bouse KReceipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED by liaproved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. The Prudence Company, Inc. of New York Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 Metropolitan Housing Loans (Metropaliten Life Insurance Company) 135.778.99 | 737.436.20 Notary l"uhlm : THOY SONERVILLE. = is very prob: RESOURCE: l ¥ ablt that 1. Loans and discounts. cluding rediscounte. Centances ol ot banks and foreign bills of .llhl‘\l' or drafts. with bank Amount due to Federal Reserve Bank (deferred (redus) . Amount due to national hanks ‘Amount due to State banks, bunkers, and trust the United States and foreign countries (other than in- cluded in items Certified checks out Cashier’s checks Total of items Demand deposits (other th: P (deposits payable within 30 davs): Individual deposits subject to check Certificates of deposit due in les for money borrowed) .... . Dividends unpaid .. Total of demand deposits (other thah hnnk deposits) subject to reserve, items 27, 28 and 31 ... o Thvomes RN Time deposits subject {o reserve (pavable after 30 days, subject to 30 davs’ or more notice, and postal savings): 83. Certificates of deposit (other than for money borrowed). Other time deposits .. Postal savings deposits . . Tetal of time (apn\ll items 33, 35 and 36. Correct—Atte: At Washington, in the District of Columbis. . Other time deposits at the close o s on April 6, 1925. Potal "ot fime " dep sibject ta o Ytems g L3 and © On homes in the District of Columbia and suburbs in Mary- land and Virginia. those above stated many of the securities FIRST MORTGAGES FOR.SALE gebraratie Denominations of $250, $500, §753, ties owned §1.000 and upwards Other bonds. 6150 Chriien, e Banking house. and fixtures Made on Property the District of These loans may be made for 15 years and are very ca vantagesus to the borrower for the reason that they elin nate extensi or new loans at the end of short period. No life insurance requirement. Write for booklet contained in our April indorsement, 0o e neecured. | 5.446.04 | the’ above-named bank, do selemuly swear ernment securi that the mbove statement is true. 10 the best of my knowledge and belief. CHAS. C. LAMBORN. Treasurer ubscribed 3 4' wxorn (o before me thi v of Anri (Seal) “ALEXANDER R, VARELA Notary Publie OVER. list of selected bond of- stocks, se 600.00 | ferings meet with your e furniture Unlimited funds for loans in the District of Columbia on BUSINESS PROPERTIES APARTMENT HOUSES OFFICE BUILDINGS AND HOTELS Lowest Interest Rates—Brokers' Applications Invited WEAVER BROS., REALTOR 735 15th St. N.W. Phone Main 1821 s owned ‘other Correck=—-Asias requirements. o Wk ed 1 S C Amount due from State banks. bankers and trust companies in the United ates” (other “than in- uded in’ ltem 1 for Copy sent upon request for 4-351 i ng subject to reserve, Total of iteins 10, 11, e . an: 2..%1 03086 735.163.82 Miscellaneous cash items E. H. ROLLINS & SONS Founded 1876 416 Woodward Bldz.,- Washington York, Philadelphia, San DORRT s $4,390,467.2 City of Washington, Dis 1, A. N. MITCHELL. shier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. A. N. MITC H] I l.. Cashier. Subscribed and sworn to before me than 13th day April, (Seal) HERBERT A. POOLE, \o\urv Public. Correct—Attest: HARRY BLAF JOSEPH H. MILA W. CLARENC JOHN H. MILLE JOHN JOY THEODORE W. NOYES, L. WHITI B. FRANCIS SAUL, S FRANK J. STRYKER. JOHN N. SWARTZELL, Directors. sosmvsansons o s Total $1.549, ict of Columbia, s8 BILIT LIABILITIES Capital stock paid in Surplus fund 4 Undivided vrof; v $31.027.64 8.365.08 #00.00000 | 15.000.00 | FEDERAL - AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, Prexident We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of interes Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of ‘Thirty-Five Years —insures your protection. Percy H. Russell Co. lZG 15th St. N.W. Less " cirrant expenses paid 661.66 91.19 £90.15 508,643.14 8130 | Bosion, New inter- DUVALL, Chicage, Denver, Francisco a»co.u. sub- jends _unpaid Potal "ol” acmand deposits {other than de- posits) _subject serve. Tieme 37 and 31 "3508 70444 Certifi ‘of deposit (other than’ for ‘money orrowed) . Other time deposits. Total of tima deposits suh fect 1o reserve, e and 3 -379LE APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the Distriet of Columbia and adjacent Suburbs in Montgemery County, Md ;% INTEREST We Selieit Applications for First Trust Loans * Current Interest Rates to re. 5048, Reserve District No. 5 CONSOLIDATED RI‘P_'QRT OF CONDITION OF THE RIGGS NATIONAL BANK At Washington, in the District of Columbia, at the close of business on April 6, 192 RESOURCES. s and discounts. including rediscounts, acceptances of other banks and foreign bills of exchange or drafts, sold with indorse- ment of this bank (except those shown in c) $18,208,650.52 © Customers’ liability account of acceptances of this bank purchased or discounted by it.. Charter No. To { District o Golumiia- City of ngton, ss.: | HEODORE MICHAEL, president of the above named bank, do solémnly swear that | (e above ‘siatement 1s (rue (o the best of my knoxledge and Lelief RE MICHAEL. President g sworn to befgre me this | 4th day of April 1025, (Seal.) BENJAMIN ROBINSOX, Notary Public. 1. a Loz Making a Deposit Towards the Purchase of One Of Our Unusual FIRST MORTGAGE NOTES Secured on the New WASHINGTON MEDICAL 53,000.00 LLEN Equitable Co-operative Building Ass’n it JOHN JOY EDSON, President FRANK P. REESIDE, Sec'y [ 0 10 1 L pp— Organized 1839 43th YEAR COMPLETED o sl -$4.942.1 Surplus ..$1,317,011.44 i P P R I R ; MONEY TO LOAN | 4 Correct—-Attogt PAUL Total loans . . Overdrafts, secured, . U. S. Government s b Al other United S premiums, if any) Other bonds, stocks, securitie Banking _houses, $1,6: $417,59 Lawful reserve with Federal Reserve Banl ltems with Federal Reserve Bank in process of collection. . Cash in vault and amount due from national banks. Amount due from State banks, bankers and trust com- panies in the United States (ther than included in ftems 3, 9 and 10) . s Exchanges for clearing house Checks on other banks in the same city ing bank (other than item 1 Totals of items 9, 10, 11, 1 ¥ Checks and drafts on banks (including Federal i Reserve Bank) located outside of city or town of reporting ba b Miscellaneous cas 7.886,374.80 Assets 32.68 4,031,038.60 2,067,812.43 2,564,612.31 944,844.52 2,040,246.32 ;fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT She PRUDENTIAL INSURANCE COMPANY o4 AMERICA 912 15th Street N.W. Main 6338 e firnitire and fixture First Trusts placed and Second 5 Trusts bought or improved prop- erty in the District of Celumbia. Alse meoney available for Third Trusts in small amounts. Nearby Virginia and Maryland Trusts placed on improved property. Prompt service and nominal charges. KAY-SCHNIDER-KAY CO. Sulncri?fiom for the 88th Issue of Stock Being Received Deposit Regularly— 530,087.75 733,915.09 267,891.12 ¢ Each pay day lay away a portion of your salary with us. Our sys- tematic saving plan produces results most gratifying. ‘or town' as repert- Call or Write forl . a Literature. ems: sl 1T WILL PAY YOU! 303,907.87 bt bl $39,691,153.93 Shares as low as $2.50 per month. 915 F Street N.W. . Other assets, if any Mortgage Investment Dept. ISHARNON. & LUCHS 713 and 715 14th St. N.W. Total LIABILITIE 3 $2,500,000.00 Capital stock paid in 1,250,000.00 urplus fund a Undivided profits . 3 b Reserve for contingencies The National City Bank of New York including Domestic and Foreign Offices .$486,366.91 ! . 141 3 | ——— 627,880.7¢ i 41636 ¢ Less current expenses paid .. 627,443.38 65,80.63 310,249.18 2,085,958.75 Reserved for taxes, interest, etc., accrued Amount due to Federal Reserve Bank (d . Amount due to national banks Amount due to State banks, bankers and trust companies in the United States and foreign countrle« (other than included in items 22 or 23). Certified checks oulsmndltrl\“ 5 Cashier’s checks outstanding . Total of items 22, 23, 24, 25 and 26 $5,825,801.86 Demand deposits (other than bank deposits) subject to reserve (deposits payable within 39 daya Tndividual deposits subject to check . Certificates of deposits due in less than 30 days (other than for money borrowed) . . Dividends unpaid . Other demand deposits Total of demand depofiits (other than ban! deposits) subject to reserve, items 27, 28, 31 and 32 ... .$20,691,324.34 Time deposits subject to reserve (payubl. 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 ... . Postal_savings deposits . Total of time deposits subject to reserve (itmes 33, 35 and 36 veasssoes $6,152,168.91 7. United States deposits (other t postal savings), including war loan depesit account and depolltl of United States disbursing officers ... rs of credit and travelers’ che: standing .. . & “Acceptances” executed by this bank for cus- tomers, and to furnish dollar exchange.... b Less acceptances of this bank purchased or discounted (see item 1c) 45. Liabilities other than those above stated Condensed Statement of Condition as of April 6, 1925 CAPITAL, SURPLUS and UNDIVIDED PROFITS $111,227,847.63 ASSETS CASH in Vault and in Federal Reserve Bank . $97,000,104.33 Due from Banks. Bankers and United States Treasurer . . . Loans, Discounts and A:cepuun af Othef Bnnk.- United States Government Bonds and Certficates qu and Municipal Bonds S Stock in Federal Reserve Bank Ownership of International Banlnnx Corpormon Oth«leadulndSecuflhu R e i Items in Transit with Branches Customers’ Liability Account of Auepmcu Other Assets . . . <P ey TOTAL SO MUCH CAN BE ACHIEVED BY SO MUCH A MONTH Under our Partial Payment 3, "Ql Ofl 49 9.44 96 39] 00 $226,233,183.38 546,841,883.69 129,233,079.05 20,043,270.84 334,241.86 187,797.50 126,014.14 $78,317,936.42 86,788,963.68 ,000,000.00 12,500,000.00 61,050,713.11 NY man or woman who can save $10, $20, $50 or more a month can become the owner of one or more of our strongly safeguarded First Mortgage Bonds paying 7%. The full rate of Bond Interest is allowed on every payment. 7% Our free booklet,“How to Build an Independent Income,” tells how you can build up a substantial competence by systematic saving in these safe 7% investments. Ask for our booklet today 241,657,61321 14,125,520.40 5.962,595.57 67,145,206.01 1,718,317.43 ll,lOS,SMéMM Plan, you can buy on the basis Ouer a - -of so much a month, accordin 82,724.09 Quarter s g 5,868,443.03 201,001.79 to your means, and each partial - payment gets the full 615% in- terest rate. of a Century Without a Loss. _ LIABILITIES 2,515,600,77 37,670.70 $50,000,000.00 50,000,000.00 11,227,847.63 . Lett . Tmfld Profits Li as Acceptor, Endorser “th" nces and Foreign Bills $111,227,847.63 828,345,990.47 134,140,440.38 START NOW-—so much a .month means ‘so much in the $53,000.00 53,000.00 25,334.34 PR d! ..$39,691,153.93 end! SAU 25 Bills Payable P Reserves for: Accrued Interest, Discount and other Unearned Income . o Taxes and Accrued Expmu« et cetera . Contingencies . . el TO‘I'AL District 'Jf Lolumbflu City of Washln‘to 15, 5”00000 I BERT V. FLEMING, cashier of the above-named bank, do m!emnl\ s\\&ar that the above statement is true to the best of my knowl- edge and belief. ROBERT V. FLEMING, Cashier. Subscribed and sworn to before me this 14th day of April, 1925. (Seal.) “ . H. DORSEY, Notary Public, D. C. l—Afl.BS H Comvo E. JEFFRIES, AILES, I (HAS C. GLOVER, Jr., M. RITTER, FRANK Ht¢ WM, J. FLATHER, IOGAN. CMP DU RANDALL H. HAGNER, No Loss to Any Invesior in 32 Yeers ‘Smith Building, 815 Fifteenth S¢. THE F. H. SMITH COMPANY $2,730,084.69 4,195,268.60 §,919,692.52 CO. 15th St. N.W, B. F. Main 2100 12,845,046.21 $1,103,684,319.69 e Abovse includes The National City Bank of Now York (France) 8 A,