Evening Star Newspaper, April 16, 1925, Page 29

FINANCIAL POWER COMPANIES ARE SOON TO CLASH Baltimore Concern to Oppose $57,- 000.000 Plant About to Be Commenced. THE EVENING BANK DEPOSITS GROW. ATLANTA, April 16 (Special).—De- STAR, WASHINGTON, roximately $182,850,000. This is a Fain of over 3$5.000.000 in the last three months. Clearings for the same Pposits in five Atlanta banks, members | period were the highest since 1920. of the clearing house, now total ap- - This Bank —lies & record of over & WE century of c-nah,ue:tv. ice to Washington —not only have the prestlge of never e H having“a"cllent lose ‘s singln penny Ahead, are bright pros er principal or Intere pects of equally lbnglhy of usefuln community. the distinction of never having Test e’ hodt u Mort ur &> You'll build well for the future if you “grow” Department. ilable in small ane D. C, THURSDAY, APRIL 16, 1925. of plans to extend its lines into Car- roll, Baltimore and Harford Counties. This petition was perfunctorily op- nosed by a number of smaller electric companies in those three counties FINANCIAL.® BONDS GERMAN STOCKS Bought-—Sold—Quoeted Full New Tork and Belia Market R Daily Sond for Speciat Worket Letter Peter Whitney 203 Investment Bldg. Telophone Fraaklin 3978 FEDERAL - AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN FOOLE, Presidest ago formal objections to the plan and request for its recon- sideration were filed with the com-|| mission by Harford County electric interests. The wording of these peti tions indicated the fight this time is to be to a finish. The commission has fixed April 30 as the date for the hearing on the || various petitions. Loans for One Year With i Monthly Deposit on Account Fpacial Dispateh to The Star. BALTIMORE, April 16.—A battle i3 pending between the Consolidated Gas & Electric (fo. of Baltimore and the interests hehind the proposed 2 t-power development Md., for the right to| in north- { with the Metropolitan. National sEEESY Metropolitan Bank OLDEST National Bank in the City 15th St., Opposite U. S. Treasury 1925 INTEREST Invest your saving know they will be adequs CHAS. D. SAGER Mortgage Department 924 14th St. N.W. Main 36-37-38 FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rl H Hognen v G, 1337 Commeclicat Hnenas REAL ESTATE LOANS | 5 |/2 0, /o ANY AMOUNT APARTMENT HOUSES BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT | INVESTMENT BLDG. Matn 9382 Morris Plan Bank 13th and Eye Sts. Loans Made of From $50 to $10,000 “Character and Earning Power Is the Basis of Credit.” ity consumer That is the interpre- some persons on the ‘onsolidated and the > Co. for the right to ear Belair. the 'Consolidated | Light & Power Co. peti- commission pproval Money to Loan Charter No. Reserve District No. 6. REPORT OF CONDITION NATIONAL METROPOLITAN BANK ‘ ‘Washington, in the District of Columbla, at the close of business on April 6, 1925. Bond Interest For Your Savings red by first deed of trust on real estate revailing interest and commission REPORT OF CONDITION Reserve District No. o. Joseph I. Weller 357 s % & Frust . LINCOLN NATIONAL BANK ashington, in the District of Columbia, at the close of business on Apri) . a Loans and discounts . 0% . . Overdrafts: $2! .93; unsecured, $86! overnment securities owned: ed to culation (U, par value) . A b All other Unite (including premiums, if 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% Ourfreebooklet, Howto Buildan Independent Income,” tells how you can build up a substantial competence by systematic saving in these safe 7% investments. Ask for our booklet today The F. H. Smith Co. Founded 1873 No Loss to Amy Iavestor in 52 Years Smith Building, 815 Fifteenth . THE F. S. bonds RESOURCES, $800,000.00 - @ Loans and discounts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drafts, sold 1.438,515.53 with indorsement of this bank sl e 2. Overdra Totall -sives P . 22 5 . U. S. Government securities ow: . Other bonds, stocks a Deposited to secure circulation (U. 8. bonds par . Banking house, $818,180.11; furniture and fixtyres, $8,723. value) $124 . Lawful reserve with Fdeeral Reserve Bank... b All other United States Government securities (in- . Items with Federal Reserve Bank in process of collection cluding premiums, if any). 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, 9, 3 and 10) .. i : 766,414.05 2. Exchanges for clearing house. Ty 468,570.09 . Checks on other banks in the same city or town as report ing bank (other than item 1 62, Total of items 9, 10, 11 . b Miscellaneous cash items . Redemption fund with U. Treasurer 6. Other assets, ‘Iu rtgage e protecte by a guaran- any).. Absolute Investment Protection— UNCHARTED SEAS To many folks the investment of their funds is a real ven- ture into unknown seas. They are without chart or compass to guide them, and are thus frequently led into treacherous currents that ultimately carry them upon financial rocks. 92, $26,903. 88 1,261,471.18 1,293,744.10 1,901,433.50 ,000.00 2.00 519,832.00 579,596.92 "1 £90.61 Other bonds, stocks, secu 6. Banking houses, $353,418.5: rnit: an . Real estate owned other lhun banking house . Lawful reserve with Federal Reserve Bank. Cash in vault and amount due from national banks + Amount due from State bunks, bankers and trust companies in the United States (other than included in items 8 and 10) Exchanges for clearing house 8. Checks on, other banks in the same city or tow bank (other than item 12). Total of items 10, 11, Redemption fund \u(h uU. Treasumer ... Other assets. .. be purchased i nounts of are secured by of security and ed as’to the pay- neipal and interest. 26.03 g 7, 183.80 ite or phone us for a copy of our investment booklet entitled “SAFETY SUPREME.” Tt will tell how to avoid the dangers of indiscriminate speculation by placing your funds where they will be absolutely safe, and at the same time yield a liberal rate of interest. 30,080.56 z gty s w,ooo.oo if any .. oR R e 0.00 12 ‘and 13. 47,284, 56 Total $15,835.850.04 S ) 8. T d 2 reasurer and due (rom U Mortgage, Investment Department SHANNON. & LUCHS)| 713 and 715 14th St. NNW. Main 2345 LIABILITIE . i . $800,000.00 - e 1 stock paid in 3 S 540,000.00 . Surplus fund . Smith Building, Washington, D. C. e ichned profits Plesse ocad e your free beokler, Less current expenses paid - s RSB T “How to an’ Independent la: .83 20. Reserved for taxes, interest, etc., accrued. = . Circulating notes outstanding .. Amount due to Federal Reserve Bank (deferred credits . Amount due to national banks . Amount due to State banks, bankers a the United States and foreign countries (ulher than in- cluded in items 22 or 23)..... Certified checks outstanding . Cashier's checks outstandin; Total of items 22 Demand deposits (other than (deposits payable within 30 d: Individual deposits subject to check 4 Certificates of deposit due in less than 30 days (oth for money borrowed) Dividends unpaid ... Total of demand deposits (other than bank deposits) subject to reserve, items 2 Total x Capital stock paid in urplus fund. . a Undivid b Reserve LIABILITIES. Goldamiil Baillng : $300,000.00 4057 Esc SEN.W.. M 9670 300,000.00 c Less cu nt expenses paid REPORT OF THE CONDITION NORTHWEST SAVINGS BANK, At Washington, in the District of Columbi | “at the close of business on April 6, 1025 315,837.71 113,900.0( 19,934.47 4,648.62 - Circulating notes outstanding. . 2 Amount due to Federal Reserve Bank (deferred credits). Amount due to national banks, - Amount due to State banks, bank the United States and foreign cluded in items 22 or 23). Certified checks outstanding. Cashier's checks outstandin Total of items Demand deposit serve (deposits paya 7. Individual deposits subject to check . . Certificates of deposit due in less than 30 da; money borrowed). 2 . Dividends unpaid.. Total of demand deposits (other than bank deposits) subject to Reserve, items 27, 28 and 31.1. $2,509,017.82 Time deposits subject to Reserve (payable after’ 59 days, ‘o subject to 30 days or more notice, and postal uvlng ¥ . Certificates of deposit (other than for mone. . Other time deposits sz bormwe Total of time deposits sul items 33 and 35 a ... $1,510,841.99 ¥ deposits) subject (o reserve in- X - 11,244,519.46 RESOURCES 1. Loans and di cluding _redisc ceptances of other b 24.840.00 40,314.00 FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT s COLUMBIA change or drafts. sold yith indorsement Gf this $634.511.17 2 cnerdux 549 30 U.S. Government ‘seriri- ties owned llm-ludm( premiums, if any) . . Other bonds. stock curities, etc. . Banking hous 0/ furniture’ ‘and “fixiures, $17.82 . Cash'in vault and amount due from national banks - Miscellaneous cash items.. $243.413.26 117.04 15,000.00 100.108.40 5.181.92 cereeseienaaa.. 2,479,120.82 $11.309,673.46 s (other than for Time deposits subject to reserve 1p&)nl)le after 30 days or subject to 30 days’ or more notice and postal savings): . Certificates of deposit (other than for money borrowedy . Other time deposits ceaae . Postal savings deposi Total of time deposits subject to reserve, items 33, 35 and 36 $3,006,926.58 . United States deposits (other than postal savings), including war loan deposit account and deposl(u of United States disbursing officers ... ‘wecufred red. ent’ secrities unsecured, 183.15 10,030.00 2,894,262.33 16.500.00 101,734.25 193,297.61 14.b M1 16 Othe 15 cash assets, if any 85,500.00 8,311,806.93 esery e, ............ ..$3,347,306.98 items. Total . LIABILITIES stock paid in 50.000.00 ind 10.000.00 led Drofits 8. 4 5.00 5,801.96 ceieieennn....$18,858,880.04 5. me.mu other’ than those above stated. $7,262,645.17 ATLEY, Vice President a1 Cashier of the above: swear lhal the above statement is true, to lh: be‘s: r;.fml:g w nd bellef. ALBERT S. GATLEY, Vice Prosident ana coorier ™ | ubscribed and sworn to before me thig mh day of April, 1925, HELI (Seal.) VA D. REED, Notary Public. Correct—Attest: :?LBER'I’ S. GATLEY, FLOYD E. DAVIS, HENRY T. OFTERDI DANA LINCOLN, R. NORTON, JOHN W. BRAWN ; Directors. Charter No. 9545. REPORT OF DITION R e e eserve District No. 5. DISTRICT NATIONAL BANK : Washington, in 'the Dmric; nf”(éolumhh at the close of business on 486.801.72 p v pri 192 R Time deposits subject PREGHR OP ro\DlTlO\ | reserve (payable aiter a or subject to 30 RES ! s American Security & Trust Company £ redic: daye’ or more notice, and - @ Loans and discounts. incluuing rediscounts, ac- iy ol ceptances of other banks and foreign bills At Washington, in the District of Columbia, at the close of business on April 6, 1925, . Cértificates of Geposit (oth- of exchange or drafts, sold with indorsement RLS()LR"F er than for money bor- ! o5 ahan for monay of this bunk 35. Other time’ 'knn;n ts . a Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of !xchant or drafts, sold with Indorsement of this bank ... City of \\ ashington, Colum e olumbia, Total .... Dumht of knlun\.\m "City of Washington, s JACOBSEN, cashier of the above-named bank, do solemnly swear that !he “above statement is true to the best ot by knowledge and belief. JACOBSEN, Cashier. Subscribed and sworn to before me this 151}: day of April, 1925, (Seal.) ROBERT E. BRIGGS, Notary Public. Corrgct—/meat w. LITIES . Capital stock. paxd in - Surplus fund - i 4.937.69 - © Less current ex- penses paid . H. L. RUST COMPANY 912 15th Street Main 6888 O. H. P, JOHNSON, HUGH REILLY, \\ILLIA\I H. SAL\DLR\ WM. F. GUDE, H. A. WILLARD, 1II., ARTHUR T. BRICE, RUDOLPH KAUFFMA) A. WIMSATT, 9.754.17 26 .oy .$9,887.03 Demand deposits ' (other than bank deposits) sub- ject to reserve (deposits payable within 30 days) - Individual deposits subject to check . .. 48680172 Reserve, item S 238.87471 TOUNLEY A. McKEE, CHARLES JACOBSE 1,650.00 33.00 Reserve District No. & otice, Locate in a Permanent Office to 30 da and postal “tes of deposit (other B yrrowed) 13 146,807.63 Total of time deposits sub- Total loans ... 2. Overdrafts, secured, $966.2 - @ Customers’ lability ‘account of “Acceptances” executed When you engage Office Space 54.581.60 ROTH, ‘Cashier of the above- named bank. do_solemnly swear that the above statement is true to the best of my kuowledze and belief J. EZRA TROTH. ashie; scribed and sworn to befors me this 14th day of Aoril, 1925 ) CARL H. DONCH, Notary Public. At JOHN C. WAL PAUL SLE FREDER EST FARRINGTON. TYDE D, GARRETT Directors. BURNS, Vice zr“idtn( and cashier of the above-named ban Iy swear that the above statement j the best of my knoufledx- and belie! e hie: 5. Jubscribed and shom 10 Defors me this 1mn Jay of April, 192 Seal.) Geo. B NorRIs, otary Public. B. 8. HOSKINSON, Correct—Attest: . Overdrafts, secured, $8,239.60; unsecured, $8 . a Customers’ lability account of “Acceptances’ this bank and by other banks for account of this bank, and now outstanding. . U. S. Government securities owned b All other United States (.vmernment securities (including premiums, if any) .... . Other bonds, stocks, securities, etc, . Banking house, $1,434,784.1 $237,454.23 4,545,283.99 6,883,754.40 furniture’ 'and fixtures, 0. Seeon Bror NEAL, Directors. Reserve District No. 5. REPORT 0! (O\DITIU\ MERCHANTS’ BANK AND TRUST COMPANY District of Columbia, at the close of business April 6, 1925 Washington, in the unts, including rediscounts, acceptances of nd foreign bills of exchunge or drafts sold ment of this b unsecured securiti furniture and $6, 87.! 15 1 90‘? 03 i 9,41 933 440. 3 State banka, bankers And: toust rnm-)anlos ates (other than included in item 1 I of items 10 and 11. cash items. 242,352.66 9,633.88 8 -$10,151,985.42 -$1,000,000.00 250,000.00 b Reserve for depre ¢ Less current expenses paid........... erereeaeaas 104,286.12 Amount due to national banks. .. Amount due to State banks, bankers and trust companies in the United States and foreign countries (olher than item Certified checks outstanding Y checks out tal of items Demand deposits (other than bank d serve (deposits pavable within 30 days): Individual deposits subject to check. Certificates of deposit-due in less than 30 da)a (other than for money borrowed) . . Dividends unpaid . Total of demand deposi ject to reserve, items 303,495. Certificates of deposit (other than for money borrn\&ed) Other time deposits. Total of time items 33 and 35 Bills payable (including ail cbligations repmsenling mon horrowed other than rediscounts). Lettors of credit and travelers’ ch outstanding . Liabilities other {han those above staf $1,815,201.99 bject to re- 4,250,401.37 52,394.86 699.00 . 137,662.55 - 2,400,892, 99 deposits subject to reserve, 200,000.00 1,583.31 22.78 Total . District of Columbia, City of Washington, &s 1, E. W. POPKINS, Treasurer of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. . W. POPKINS, Treasurer. Subscribed and sworn to before me this 15th day of April, 1925. (Seal.) HARRY J. DONOGHUE, Notary Public. Correct—Attest: PETER. A. DRURY, R. E. BOLLING, F. P. HARMAN, Jr, » FRANK E. GHISELLI, EETTrRr esasaes $10,151,985.42 1,672,238.40 82,000,600 2,243,930.71 7. Real estate owned other than banking house. . Cash in vault and amount due from national . Amount due from State banks, bankers and trust com- panies in the United States (other than included In item 10) 12. Exchanges for clearing house Total of items 10, 11 and 12.. .‘a Checks and drafts on banks (including F Reserve Bank) located outside of city or town of reporting bank . b Miscellaneous cash items . 1,150,487.93 430,459.53 $504,253.05 6,930.93 511,183.98 . Other assets, if any 269,383.37 Total . $35,328,426.04 . Capital stock paid in . . Surplus fund . & Undivided profits b Reserve for losses . $3,400,000.00 2,400,000.00 $769,025.95 c Less current expenses paid 1,809.50 . Reserved for taxes, interest, etc. . Amount due to national bank: . Amount due to State banks, bankers and trust companies in the United States and foreign couritries (other than included in item 23) Certified checks outstandin; Treasurer’s checks outstanding . Total of items 23, 24, 25 and 26. $498,243.14 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days): Individual deposits subject to check Certificates of deposit due in less than 30 days (other than for money borrowed) . Dividends unpaid .. 2. Other demand deposits, irust deposits Total of demand deposits (other than bank deposits) subject to reserve, items 27, 31 and $15,240,412.43 Time deposits subject to reserve (payable after 30 days, or subject to 30 days or more notice, and postal suvings): - Certificates of deposit (other than for money borrowed). . Other time deposits Total of time items 33.and 2 . United States deposits (other than postal savings), lnclud(ng war loan deposit account and deposm of United States dishuraing officers 192,477.88 26,114.38 122,778.13 - 13,752,228.95 161,620.49 . 1,971.00 « 1,334,591.99 44,341.50 947.77 844.54 Total -$35,328,426.04 District of Columbia, City of Washington, ss HARLES E. HOWE, treasurer of the above-named bank, do solemnly swsar that the above statement is true to the best of my knowledge and belief. CHARLES E. HOWE, Treasurer. . Subscribed and sworn to before me this 13th day of April, 1925, (Seal.) ‘WM. H. DORSEY, Notary Public, D. C. Correct—Attest: ‘WM. J. FLATHER, Jr., CORCORAN THOM, B. F. SAUL, HOWARD MORAN, G. PERCY McGLUE, NEWBOLD NOYES, J. C. BOYD, CLARENCE F. NORMENT, HARRY K. BOSS, J. PHILIP HERRMANN GILBERT H. GROSVENOR, CLARENCE A. ASPINWALL, GEO. W, BROWN, W. 8. CORBY, JAMES M. GREEN, WILLIAM W. EV nk . Llab\llu.n' other than those above smled B ING, SHANNON, JOHN ¥ WILKINS, . Other bonds, stocks, - Banking house, $944,624.62; this bank and by other banks for account of this bank .na now outstanding . U. S. Government securities owne a Deposited to secure circulation (U. value) b All other United States Govi (including premiums, if any) S. bonds par e, $908.000.00 191,936.60 securities, ste furniture and fixtures, $74,38: Real estate owned other than banking house y 52,032.23 694,936.60 859,791.87 . Lawful reserve with Federal Reserve Bank . Items with Federal Reserve Bank in process of col Cash in vault and amount due from natfonal banks,..... - Amount due from State banks, bankers and trust companies in the United States (other than included in ftems 8, 9 and . 110, se. £ . Checks on other banks in the samme city or town as report- m “"" ing bank (other than item 12) 25,810.34 Total of items 9, 10, 11, 12 and 13 .$1,131,637.04 8 . @ Checks and drafts on hanks (including Federal Reserve Bank) located outside of clty or town of reporting bank... B ;a:,m.u~ b Miscellaneous cash items. .. 143,-“‘ 87 550,169.60 43,526.20 26,150.00 . 2,797.51 seeeens...$10,321,871,61 550 MD 00 - Redemption fund with U. S. Treasurer and due from U. S. Treasurer . . Other assets . . Capital stock paid in . Surplus fund . a Undivided profits ¢ Less current expenses pald 100,086.63 26,000.00 476,397.50 134,409.22 Reserved for taxes, interest, etc., accured _ Circulating notes outstanding | Amount due to Federal Reserve Bank (deferred cred! . Amount due to national banks . Amount due to State banks, ban! panies in the United States and forelgn countries (other "than in- ciuded in items 22 or 23) . Certified checks outstanding Cashier's checks outstanding . 1 Total of items 22, 23, 24, 25 and 26 ,ooa,ew,u Demand deposits (other than bank deposits) subject to Reserve (deposits payable within®30 days): . Individual deposits subject to check . Dividends unpaid ... 2 _ Other demand deposits Total of demand deposits (other than bank dflpoulu)’ 52,192.91 12,101.32 4,372,315.54 3,074.50 8,040.92 ject to Reserve, items 27, 31 and 32.. 3 (‘ertlflcnoa of deposit other than for mone; . Other time deposits . Postal savings depos! Toll.l of time deposits subject to 440,365.44 .lu."l 99 . 48,722 rve, items 33, 36 and e th i ?“i“qll e States deposits (other than postal savings), including Unlt‘-;vd“ Loan deposit account and deposita of United States isbursing officers ..... Unitod Srates Government. seciriiies borrowed: p.. Bills payable (including all_obligations unmunun‘ “money borrowed Other tRAn rediSCOUNtS). ... ................ ¥ 610:000.00 Notes and bills rediscounted, including acceptances of other banks and foreign bills of exchange or drafts sold wm. indorsement of this bank... . Acceptances executed by other ban! 45 Liabhities other than those above stated 304,235.23 100,000.00 387,587.00 62,032.23 15, Total . , District of Columbia, ss. Wuhlngton Rru'r'r Jr., cashier of the above-named bank, do solemnly uwur mv. (he above, statement is true to I‘t]he boal o:nn-}y knowledge and belief. {bed and sworn to Héfore me this 14th day of April, 1030 Bu)bur BENJAMIN ROBINSON, Notary Public, D. C. Correct—Attest: ROBERT N. HARPER, SIDNEY WEST, OSHUA EVANS, Jr, C. J. GOCKELER, :W. §. HOGE, Jr., H. L. OFFUTT, Je., consider how it will “WEAR.” Will it continue to be as good and convenient and comfortable as it looks? Are the circumstances such as will KEEP YOU SATISFIED? We suggest these tests because Office Space in this, the new SAUL BUILDING, will satisfy such demands. B. E. SAUL CO. Main 2100 825 15th St. N.W. Prestige Behind Your Investment HE house that stands back of your in- vestment must safeguard you against loss, or its prestige in the financial world is mil. First Mortgages need no plea as a safe security today. But the wise man pur- chases them only through a house whose standing is above criticism. For fifty-six years we have conducted our business without loss to a single client. Such a statement is only made possible by the utmost integrity of conduct and the soundest business judgment. 6%%