Evening Star Newspaper, June 18, 1925, Page 29

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C. THURSDAY, JUNE 18, 1925. FINANCIAL, ) replace the farm hand and save|farm equipment manufacturers, in O e e O M M T O R 0 D Y money. answer to our call, have assigned | .. 3 Aally ) capable men to co-operate in solving Li It has been especially profitable In | Sapable men to_co.operate in sol '8 The New York fe Insuranoe: Com ny fio ample to replace old engines | farmer for electricity is furthering | pa iriven equipment with a |toward the serving of larger arens |[ lectrically driven farm ma- |through superpower systems.” nust be manufactured, and Power Men Would Revolu-| tionize Industry—High Costs Chief Handicap. (PO00000000000004 WANTED! $ SECOND TRUST NOTES Funds available for the pur chase 0f all kinds of second ‘trust hotes, tecired o D € Ornesrty g > Money Available for First Deed of Trust Loans 617 Interest First Mortgage Loans : Prompt_Replies to on Improved Real Estate o Applications In the JAMES F. SHEA 643 Louisiana Ave. N.W. District of Columbia and Suburbs for 3, 5 or 10 Year Periods MORTGAGE NOTES ||| ==, . IN CONVENIENT DENOMINATIONS 1 51,9 3 ON APPROVED SECURITY Electric Light Assoctation. The electri- fication of the farms and the exten- & Apply sion and development of superpowe:r C systems are the two important things 3 m C DALL H. HAGNER & COMPANY MORTGAGE LoaAN GORRESPONDENT g We bava plenty to loan on First and Second T-usts on resi- dences. business property and apartment houses. Call Our Loan Dept. Offers to Muke F. (Copyright, 1025.) Teal estate. . Prompt actiom i every"case Washington Investme: tf : s Co, ” Main 3662 FOR INVESTORS 6000000000000 J00000000000 BY J. C. ROYLE. Special Dispatch to The Star. 2 ‘ORK, June 18.—Producers have no desire to Apartments Office Buildings That fact w d today in dispatches from incisco to th riter, outlining ws and activ of the men in ical industry gathered there ON IMPROVED PROPERTY in DISTRICT v COLUMBIA facing the industry today, these T H. L. RUST COMPANY The difficulty in the way of malk.| 912 15th Street Main 6888 ing electric power perform much of the farm work of the Nation lies in so Accomplishment! adjustin afford t stations ing to G. C. sin Pos an of the tee of the E “We are making a very fort to ge he added, “ complish it without parade result of careful study and re h, we have found that it is es e efforts of the public s on the one hand and the farmer on the other should be co- ordinated. h men from the agricuitur: nd other organi zations, m wn together and establish t nes Constructed. are making progress. ted experimental ates which are sup- he utility comy 1 work is being itmost by the agricultural col tion - projects furnish an av e, leads in farm electrifi- t even there the problem nstances the farmer does nough power to enable arrent to supply him at an afford He wants ks electricity for power > expensive, which it is if sup- in small amounts. The utility anies are closely regulated. demand only a reasonable , but their overhead costs are ne whether they supply the with a small amount of cur- a large one a result of four vears of study i been found hat only a 1 achinery is adapted for electric drive. But event- ually, if these difficulties are worked out, electricity, which has put manu. facture on a new footing, will revolu tionize farming. Where successfully used the farmer finds electr! wiil ‘ 7 ANY AMOUNT APARTMENT HOUSES BUSINESS _PROPERTY ’ RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 8392 DOLLARS AT WORK Never Permit Your Dollars to Be Idle The only worth-while dollars are the dollars at work—and yon can give yours safe and profitable employment in our First Mortgage Notes Paying 6Y2 Per Cent It means security of the principal and a larger interest-earning power than with any other safe, conservative investment We relieve you of all details. Consult Our Mortgage Investment Department {SRANNON - & LUCHY] 713 and 715 14th St. N.W. Main 2345 Reserve These 7% Bonds Now 7% First Mortgage Bonds, in denominations of $1,000, $500 or $100 and maturities from 2 years to 15 years, now are available for immediate delivery or July reservation. No deposit is required on invest- ments reserved for 30 days. Let us send you descriptions of our current offerings now. Examine them at your leisure. Then reserve the investment you desire for delivery when your funds will be in hand. Mail the coupon now The F. H. Smith Co. Founded 1873 No Loss to Any Investor in 52 Years Smith Building, 815 Fifteenth St. THE F.H. SMITH COMPANY (1) Smith Building, Washington, D. C. Please send descriptions of your current offerings of 7% First Mortgage Bonds to oo ss2s BGonmectice Hoenue, i IRRRIRS REE The Straus Hallmark on a bond stamps it at once as the premier real estate secwrity. New Issue, Yielding We offer when, as up to 6.109% and if issued $7,000,000 Hearst-Brisbane Properties NEW YORK CITY First Mortgage 6% Fee and Leasehold Serial Coupon Bc;nds Unconditionally Guaranteed as to the Prompt Payment of Principal and Interest by William Randolph Hearst Dated June 12, 1925. Interest Coupons Payable June and December 1. Due Serially June 1, 1929 to June 1, 1942, 2% Federal Income Tax Paid; Pennsylvania four mills tax, Massachusetts 6% State Income Tax, Connecticut four mills tax, Maryland 4% mills tax, District of Columbia 5 mills tax, and Virginia 5% mills tax refunded upon proper application. The exceptionally attractive features of this issue are summarized as follows from a letter from Mr. Arthur Brisbane, president of the borrowing corporation, and data compiled in our investigation: Mortgaged Properties: The bonds are a direct closed first mortgage on five excep- tionally well-located and valuable New York City properties, as follows: SECURITY LOCATION 1.—18-STORY OFFICE BUILDING*® 20 East 57th Street and land in fee 2.—20-STORY OFFICE BUILDING* and long-term leasehold estate 3.—20-STORY APARTMENT HOTEL* and land in fee 4.—~THE NEW ZIEGFELD THEATRE* Northwest corner and land in fee, leased for 54th Street and Sixth Avenue a period of to F. Ziegfeld, Jr. . 5.—~TWO COMPLETED BUSINESS BUILDINGS 9 East 57th Street, and land in fee extending through block to 58th Street (*These buildings are to be erected at once and completion is gunranteed to the bondholders.) Location: Fifty-seventh Street is the principal high class crosstown business thorough- fare of New York. This street and the district surrounding it have undergone a great development. Real estate values here have doubled during the past five years and the future of this section is unquestioned. The two north corners of 54th Street and Sixth Avenue are in the heart of the great development of upper Sixth Avenue from 53rd Street north to Central Park, resulting chiefly from the removal of the Sixth Avenue Elevated spur in this section. Property values in this district have greatly increased and the location is becoming one of the best in upper Manhattan. e . ™ s of Security . " al mount of Loan Margin and Earnings: g9 450,000 $7,000,000 $2,400,000 Mr. Hearst and Mr. Brisbane value these properties in excess of $10,000,000. Amnnwal Interest and $802,784 $595,000 5 East 57th Street Northeast corner g 54th Street and Sixth Avenue Margin of Earnings $207,784 Guarantee: William Randolph Hearst unconditionally guarantees the prompt pay- ment of interestand principal. Mr. Hearst is one of the wealthiest men of the country. He is the publisher and sole owner of the most valuable group of newspapers and magarines in the world, doing a business in excess of $120,000,000 annually. Borrowing Corporation: Arthur Brisbane is president of the borrowing corporation, and with Mr. Hearst controls the company. While probably best known to the public as editor of the Hearst papers, Mr. Brisbane is a most successful real estate investor. His holdings of income-producing real estate in New York City alone total over nine millon dollars, and he has a very large income from this source. We have had many satisfactory dealings, aggregating millions of dollars, with Mr. Brisbane, covering a period of ten years. Price; according to maturity, to yield 5.90 to 6.10%. Denominations, $1,000, $500 and $100. Call or write today for detailed information and ask for S.W.STRAUS & CO. BSTABLISHED 1882 “ Investment Bonds NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR Accomplishment of one’s ambition is a satisfaction beyond description—the satis- faction of seeing a dreath come true. And such a satisfaction must have comeits Tommy Milton when he drove his racing:car along the beach at Daytona, Florida, atithe record speed of 156.04 miles per hour. The record of 56 years without loss to an investor is the accomplishment of the dreams of the founders of Swartzell, Rheem & Hen- sey Company. And to the present manage- ment it is the stimulus to the preservation of this record through the years to come. Our officers are pledged to this ambition and their actions are governed by aiming to keep its first mortgages safe. And now, in addition to this ambition, you ¢an receive 615% on our first mortgages. SWARTZELL.RHEEM G HENSEY Co. Zal Sireel. N W ™ Shirgton.!).c 56 Years Without Loss to An Investor The Hure Building f_the tergest [ the United States. It i ety block center of Atlawts. The first o5 operation for ten years, and the sew addition kas recently been vpened. o tewemis wamber mamy of the m weaithy ewd successful corporstions in America The year’s outstanding First Mortgage Bond Issue unconditionally guaranteed Tue First Mortgage 7% Real Estate Bonds secured by the Hurt Building, Atlanta, Ga., have been offered to the public as the outstanding mortgage bond issue of the year. This claim rests upon the following features: 1. Secur®d by a completed structure. 2. Building _reported to be the 16th largest office structure in the country. 3. A record of ten years suceessful and profitable operation. 4. A majority of the space rented under long-term leases to nationally known companies. 5. Appraitals By unquestioned author- ities. 6. Full interest rate of 7%. With such sound strength and attrac- tiveniess, these bonds hardly need further endorsemefit. But it has always been our policy to provide investors with every possible convenience and service. We have, therefore, made arrangements with a large and responsible indémnity com- pany to guavantee unconditionally the payment of principal and interest on any of these bonds on a 6% % interest basis. ‘We now list_this additional feature: 7. Principal and interest unconditionally guaranteed, if desired. Details of this guarantee will be ex- plained by a representative upon request. Secumity: First Mortgsge on land end building and first claim on net annual earn- ing of $625,000. ArprAtsaL: Independently appraised by lead- ing banks and real estate firms as high as $7,500,000. MorTGaceR: The Atlanta Realty Corp., a strong, responsible concern managed for the past ten years. : January lst and July Ist. MaTURITIES: Annual maturities January 1, 1927, to January 1, 1940. Cartanie: At 102 and sccrued interest, on and after July 1, 1926, and on any interest- paying date. Taxes: Federal Income Tax up to, but not exceeding, 2% _refunded. Various State Taxes paid or refunded. INTEREST: 7%. DeNomiNATIONs: $100, $500, $1000. Prices: Bonds maturing January 1, 1927, 1014 and accrued interest. Bonds matur- ing January i, 1928, to January 1, 1931— 101 and accrued interést. Bonds maturin, January 1, 1932, to January 1, 19401 and accrued interest. Ask for descriptive civcular HB-7224 G.LMILLER & CO. IncoRPoRATED 308 Phillips Bldg., Washington, D. C. New York Philadelphia Baltimore Pittsburgh St. Louis Buffalo Atlanta Méemphis Knoxville NO INVESTOR EVER LOST A DOLLAR IN MILLER uéieie: BONDS