Evening Star Newspaper, June 29, 1925, Page 21

FIN ANCTAL. MARKED INCREASE W TOURIST TRAVEL Personal!y Conducted Trips Gaining Favor Rapidly All Qver Country. BY J. C. ROYLE Epenial Dispatch to The St NEW YORK 1y conducte with huge stri in this ars the pted as a able and convenient way principal points of interest in pe with the least waste of time. The idea has now taken hold here largely a result of the favorable cxperience of those who have travel- after this manner abroad " is evident fact that these tours now offered by at least four for the per. around middle of now are drawing | a close with indications that the travelers are highly pleased. Great Saving of Time. Fiscorted travel both here and abroad has come as a result of the demands ofstravelers. In the old days tourists faced a confusing number of ¢ itive trips made up rather for the n com i for the traveler. The who wanted to see all the our weeks could not be ac dated because the main centers rest were divided among innum erable tours by the transportation concerns. *As a result of the American de nund: special escorted tours wer aranged to cut across the regula routes and’ save time. The idea is < its main appeal on the basis Of economy embodying spe main those most service, but in the patronized so far this vear have for their object the = of priced vacations to fascinating of American \mml. la . the Burlington, d Great Northern rted tours, most o the mnational parks and |hn sce section of the West. ~ By arranging some of their s in_combinatlon they have made ible for u tourist to go by one rqute and return by another. A sight secr through such combination now <in see two of the national parks for «n expenditure L3t little larger than it formerly required for him to see one Since all Pullman, hotel, and bus fares are included in the cost of the tour, it is possible for the vaca- tionist to know in advance just what the trip is going to cost. This has made a speclal appeal to teachers, students and others, who must figure thelr vacation money closely. No Thinking Necessary. By the escorted tour plan the ordl- nary inconveniences and annoyances ot .vacation travel are eliminated. It is- unnecessary for the traveler to bather with tickets or time tables; he does not have to arrange hotel accom- modations, bother with the baggage or order his mail forwarded. He is re- lieved of the necessity of deciding each day what he will do and where he will go. These facts appeal to many who wish to be thoroughly carefree for the time being. Western travel outside to tours al- v is extremely heavy. There is every indication that more travelers will visit the West this vear than in 1924, which was not a good tourist year, (Copyright, 1925.) SOUTH’S RAPID GAINS REVEALED IN REPORT Southern Railway’s Figures Show 111 Per Cent Increase in Freight Traffic. [ | Wonderful progress made b “outh in the expansion 4nd di ation of its manufacturing activities difring the past 20 years is graphically shown by figures contained in the an nual report of the Southern Railway Co. just issued “rom 1904 to 1924 the tons of manu including all less than carload freight, handled by the Southern increased from 5,82 12,291,673 tons, or 111 per cen During the same period the tons of yroducts of mines increased from £.568,471 to 18.009.314 tons, or 110 per cent, an _interesting fact being that the coal traffic doubled despite the very large development of hydro- electric power in the South The tonnage of products o increased from 3,60 or 116 per culture from 2.430.732 o 4, 73 per cent, and products of animals from 285,844 to 431,334 toms, or 51 per cent. “A noteworthy feature of this ex hibit,” says the report, “is the evi dence it affords of the South’s uniform development along all lines of eco- nomic endeavor. More and more every vear Southern factories draw thelr raw materials from Southern farms, forests and mines.” The report also calls attention to the phenomenal development of the textile indusir~ in the South, and its extansion v naw fields in_ western Nortn Carolina, eastern Tennessee and northern Georgia. the marked ex- pansion of cement manufacturing and the healthy growth of the Southern iron_and_steel industry. ) ) ) ) ) % CERTIFICA TES @6% OF 6% DEPOSIT AYABLE on demand—Six Per Cent with Absolute Safety. In denominations of $100, $500 and $1000. Offer- ing the highest type of invest- ment for large and small in- vestors. Mail the coupon for information. Income Tax exempt up to $300. 0 ) ) o ) o A Conservative Investment EQUITABLE Deposit Building and Loan ASSOCIATION 3602 34th Street Boilding and Lean Asseciation, M. Rainier, ) )0 0 e ) ) Please send information of your demand Certificates of Deposit Paying 6 per cent interest | 1oo {report There are some trips|* ¢ railroad Prompt Action EVERYMAN’S INVESTMENTS \BY GEORGE T. HUGHES. Lowest Rates of Interest and Commissien Thomas J. Fisher & Company, Inc Importance of Annual Reports. often happens that useful in ation with regard to the status | particular industry may be ob-| tained from study of the annual re- ||| port of one of the leaders in that |l line. Al stockholders are entitled | to copies of the annual report, but| often they do not give these documents the attention they deserve. | illustration we may take the| | -on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. ; HANNON - & LUCH 713 & 715 14th St. N.W. Main 2345 For of the Northern Pacific and ee what light it iilroad business. we note that in carried almost freight it vear. throws upon lh(“ In the first place | 1924 this railroad | as much did in the preceding The decrease, expressed in tons, | | ligible. On the other the drop in number of passeng carried was almost startling. In 1923 Northern Pacific transported 528 passengers, while in 1924 the r was 3,607 a loss of more than 23 per cent The chairman of the board observes: “The automobile, motor bus and mo- tor truck are taking more business, both freight and passenger, each So far as the figures go. how- it is passenger, and not freight vving, which is chiefly affected. Bankers and investment advisers are continually speculating as to the time when the motor business will reach what they call the saturation point, that is the time when enough auto- mobiles will have been manufactured and sold to meet all needs and only replacements can be relied upon for new business. However that may be, it is quite evident that the capacity We Buy and Sell of the automobile to take business Liberty Bonds away from the railroad is still gain- B o meme oo eoel| 1r€@sury Notes on to say, “the u»mpemmn of the| E tc. Panama Canal is increasing and that | Bond Department route is taking a larger proportion ach vear of busin formerly han-| dled by the railroa " Unlike th‘ utomobile competition, the Panhhld‘ The Washington Loan and Trust Company 900 F Street 620 17th Street revenue | ) FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President « affect the Western trans- | -ontinental but with them These facts ing interest to securities and not alon in Northern Pacific stoc RAILROADS’ REVENUES FOR MAY SHOW GAINS NEW YORK, June 28 (#).—Both the Great Northern and the Northern Pacific_increased gross and net earn- ings in The Great Northern n gross revenues and l‘|| in net nhord(HIL income. com red with May and the Northern Pacific §127.077 in gross and 514,763 in net. For the five months Tt |"| 3 the Great Northern increased net operating income $393,344. | 1 but the Northern Pacific reports a | drop of $441,246 | BACK DIVIDEND VOTED. NEW YORK, June 29 (f).—A back dividend of 1X per cent on the pre- ferred stock of Consolidated Cigar Corporation and the regular quarterly disbursement of 1% per cent were de- clared today, payable September 1, to holders of record August 15. Ac- cumulated dividends on the preferred now total 1% per cent. OPEN Until 5:30 P.M. Tomorrow & Wednesday 3% Paid On Savings $1 Wi Oéen an Account Deposit Your Dividend Checks and Interest Coupon and draw MORE interest thereon. National Metropolitan 111 Bank 111 Years Years old old Capital, Surplus & Undivided Profits, Over $1,800,000.00 15th St., opp. U. S. Treasury Money to Loan Secured by first deed of trust on real estate. | Presalling interest and commission b REAL ESTATE LOANS 5}% + ANY_AMOU AI‘AETMENT HOCSES BUSINESS PROPERTY ‘RESIDENCE LOAN! AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 Two Dollars of ! Security for Each | Dollar Invested | That is what we are offering to purchasers | of Cafritz 6% First Mortgage Notes In addition to taking care of all minor details we guarantee_the payment of inter- est and principal, Write for booklet. DONNELL, Mgr. \lnrtglga Departm RS 14th & K Equitable Co-operative Building Ass’n || ! JOHN JoY EDS()N.’MMQIIQ FRANK EPABR&ESI% Secy. 45th Y] $4,942,132.68 Surplus .$1,317,011.44 Subscriptions for the 88th Issue of Stock Being Received Get Into the Systematic Saving Habit of the Equitable you are saving home or for a “rainy day” the Equitable’s systematic saving plan will help much more than depositing haphazardly. Start today and learn of this wanderful, result-getting plan., 915 F St. N.W. Whether for a FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT # COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 THE EVENING First Mortgage Loans|} STAR, WASHINGTON, D. C, MONDAY, The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Apartments. Office Buildings Houses Business Properties SV2% ON APPROVED SECURITY J Apply RANDALL H. HAGNER & CGOMPANY MORTGAGE LoAN GORRESPONDENT ofons21 M,zo%‘m. TelyphonaMzin 3700, Before You Go Away--- INVEST your idle funds in our First Mortgage Notes. They are now yielding the attrac- tive return of 614 %. By doing this your vacation will be more en- joyable, for you will have the satisfaction of knowing that these funds are working twenty- four hours a day and that a substantial in- terest check awaits you on your return. When purchasing Notes through Swartzell, Rheem & Hensey Company you know they are safe and have been for more than 56 years, during which time no investor has suffered loss. Swmwé&:cmay/f#,sm @ashingionC. 56 Years Without Loss to An Investor TO HOLDERS OF SPECULATIVE SECURITIES. OUR FIRST MORTGAGES | —are an anchor to windward in financial storms. They pay Quarter 5 a a good return, mature at short Contury intervals and are always worth Without par. In amounts of $250 and up. a Loss SAUL CO. 925 15th St. N.W. B. Main 2100 Open Until 5:30 P. M. Tomerrow, Wednesday, Tharsday A Strong Thrift Partner for Pay-day Depositors Fortified by the experience of over half a century’s serv- ice and the backing of large capital and surplus, this bank is eminently well qual- ified to protect your pay- day savings. {Join our family of over 45,000 depositors now—opractically any amount will open an interest-earning account. OFFICERS: ST e David W, Niles John W. Alexander 7. Fant. Asat. Sec. fohn M. Beteler. Boc'y. m born, al Wilson, Secretray. Aset. Toder ATF Savage, Auditor Frank B. B Dllmer. Aset Treas. Interest Paid on Large and Small Accounts DIRECTORS: Wm. B. Fraskila H Bl Trank W, Stose Frederick A. Femning H. Walker H. Prescott Gatley Henry K. Willard National Savings & Trust Co. Capital and Swurplus, $2,000,000.00 Oldest Savings Depository in Washington Corner 15th and New York Ave. B | Thirty-Five-Year Sinking Fi Deben 8 | their terms on July 1, 1825, at D | sgency of the Company in_New York or in WQOOO“"O‘ z P JUNE 1925. American Telephone and Telegraph Co. d 5% Gold tures, Due January 1, 1960 29, Coupons of these Debentures, payable by the office or be. paid in New York at the gfice 5t the Traasurer, 195 Broadway. or o Boston at his office. 135 Milk Stree H. BLAIR-SMITH. Treasurer. W.’OW WANTED! $ SECOND TRUST NOTES : Funds available for the pur- chase of all kinds of gecond trust ‘secured on D. C. or nearby Prompt ~ action ia every case. ‘Washington Investment and Transactions Co. 715 14th St. N.W. Main 3662 FINXNCIAL. WHICH IS BETTER Assured nufcly. with a liberal income of 6%% investment, or a “promise” of greater return, gerous risk of principal? There is but one answer—play absolutely safe and place vour savings in our FIRST MORTGAGE NOTES secured upon improved real estate in the District of Columbia. NO LOSS TO ANY INVESTOR Consult Our Mortgage Investment Dept. [SHANNON: & LUCHY] 713-15 Fourteenth St. N.W. Main 2345 on your involving dan- To Holders of Securities of Chicago, Milwaukee & St. Paul Railway Company We have prepared an analysis of your rmlwad which we will be glad to furnish upon request. We believe the evi dence is overwhelming that the decline in financial strength of the Northwestern roads and the receivership of the St. Paul road has been caused, not by tion, but by confiscatory To meet the prese lack of traffic, inefficient operation or overcapitaliza- freight rates. nt day costs of operation, the increase in rates since 1909 allowed the St. Paul and its two principal neighbors—the Northern Pacific and Great Northern, has been 28% as compared with 46% for the United States as a whole . That the freight rate basis in the entire Northwest is too low is evidenced by the fact that the Northwestern Region, as desig- nated by the Interstate Class | railways, earned Commerce Commission and comprising eighteen as a whole a return upon their property investment of only 2.83% in 1922; 3.45% in 1923; and 3.12% in 1924. We consider that yo structure. The proposal On behalf of oursel railroad experts and will This matter however sh We do not commen we deplore any division in the unfair and severe ermnment loan. par value. Please write us, givi CONFIDENCE in Smith Bonds is World Wide Smith Bonds are owned by investors in 48 States and 30 countries and terri- tories abroad. This world-wide confi- dence in Smith Bonds is the result of our §2-year record of proven safety, meaning: 3. Prompt payment of interest on the dateduc; 3. Prompt payment of principal on the date duc; 3. Frecdom from worry, delay or loss to any investor. SendNOW for these booklets “Fifty-two years of Proven Safety” tells why Smith Bonds are safe bonds, how Smith Bonds are safeguarded, and how we have attained our record of no loss to any investor in §2'years. “How To Build an Independent Tn- come” eells how you can buy Smith Bonds with savings of $10 or more a month and get the full rate of bondin- terest on all payments. Alsoshows the results you can accomplish by invest- ing systematically at 7%. Mail the coupon for the booklets now. ur company is in receivership because the government has failed in its obligation to afford an adequate income through a proper rate to deprive the holders of $231,000,000 bonds of the right to fixed interest, and the assessment of the stockholders in the sum of $70,000,000, measure the degree of conftscation of your property. ves and of the owners of large amounts of securities of every class, we refuse to acquiesce in what appears to be the destruction of your property through confiscatory rates: We have engaged counsel and use every legitimate and lawful means for defense. ould not be confined to an investment house but should be the work of a committee representing all those owning St. Paul securities. We contemplate the organization of such a committee, Lased upon the responses to this notice. ask you to deposit bonds or stock. We do ask your aggressive support in this effort to protect your property from confiscation. We welcome suggestions. We do not t in detail upon the proposed reorganization plan, as of opinion among the security holders. However, we recommend that you do not deposit your securities under this plan because we believe that such action amounts to acquiescence in confiscatory rates and requirement of the immediate liquidation of the gov- Such acquiescence will seriously handicap any efforts to secure higher rates and a fair adjustment of the government loan. The success of this effort to protect your property depends on the active support of the security holders. We already speak for over $60,000,000 We invite the support of every owner of the St. Paul securities. ng your name and address and the securities held by you so that we will be aided in our task of organization. Roosevell & Son, 30 Pine Street, New York Invest Your July Funds at with the ‘proven safety of SMITH BONDS, No loss to any investor in 52 years is the record behind these strongly secured first mortgage investments definite, dependable income of 7%. Invest in 7% Smith Bonds, which give you fhe protection of safeguards that have made possible our record of #0 loss 1o any investor in 52 years. IN\'EST your July funds so that they will bring you 2 The strongly secured First Mortgage Bonds which we offer this month will pay you 7% for any period from 2 years to 15 years. And you may buy these bonds in any amount, in de- nominations of $100, $500 and $1,000, either outright or under our Investment Savings Plan. Interest coupons or dividends which you receive in July may be applied to the purchase of 7% Snuth Bonds. Thus these odd sums immediately start to earn 7%. Under our Investment Savings Plan, with 10 months to com- plete your pur¢hase on any terms that are convenient to you, you receive the full rate of bond interest on every payment. Send your name and address on the cou- pon for descriptions of our July offerings, and learn for yourself the exceptional % safety features which assure complete protection of your principal and prompt ‘ payment of 7% interest. We also will send you our two booklets telling the facts you will want to know about Smith Bonds and explain- ing our Investment Savings Plan. THE F. H.SMITH Co. NEW YORK e e PITTSBURGH PHILADELPHIA WASHINGTON, D.C. minNEAPOLIS NO LOSS TO ANY INVESTOK IN 52 YEARS " Smith Building, 815 Fifteenth Street—Main 6464 Name ...