Evening Star Newspaper, July 10, 1925, Page 19

WE FINANCE —all classes of income-producing property || Large Loans a Specialty Current int. rate and commiasion. Higbie & Rickardson, Inc. | 816 15th St. N.W. 53% —_— REAL ESTATE LOANS Ar ETANICRS AEARESE Frile | RESIDENCE LOANS AT LOW nu'l:s FRED T. NESBIT | INVESTMENT BLDG. “Main 93 Let us relieve you of your reinvestment problems CAFRITZ First Mortgage Notes Are good investments because they| ect to fluctuation, title show them to be first liens and they are now carning in- terest at the rate of 61§ % which is paid promptly. Write for book- Tet. Money to Loan L. 0'Donneil. Mer. Storicace Department INC. Kealtors 1 Main 9080 14th & K Charter No. 3625. REPORT, OF CONDITION OF THE Columbia National Bank At Washington, D. C., at the close of business on June 30, RESOURCES 1. a. Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of ex(han‘a or drafts, sold with indorsement of this bank 2 ‘ Overdrafts, unsecured, $4.21 % jovernment securities owned a. Deposited to secure circulation (U. par value) b All other United States Government securities (including premiums, if any) s S. bonds $250,000.00 213,521.49 Total 4 Other bonds, sto securitics, etc. Banking house. 336. furniture and fixtures, Lawful reserve with Federal Reserve Bank Cash in vault and amount due from national banks... Amount due from State banks, bankers and trust com- Danies in tl: United. States (other than included in items 8 and %.0) 5 e Exchanges for clearing house o Checks on other banks in the same city or porting bank (other than item 12) Total of Items 10, 11, 12 and. 13). 14. b Miscellaneous cash items . Redemption fund with U. § Treasurer $16, town as re- $302,950.80 Treasurer and due from U. S Total LIABILITIES. Capital stock paid in . % P Syrplus fund a Undivided profits ¢ Less current expenses paid ... $106,236.61 35.69 . Reserved for taxes, interest, accrued .... Circulating notes outstanding Amount dye to Federal Res Amount due to national b Amount due to State bank: United States and foreign 2 and 23) T checks outstanding Cashier's checks outstanding Total of items 22, 23, 24, 25 and 26 Demand deposits (other than bank deposits) reserve (deposits payable within 30 davs Individual deposits subject to check Certificates of deposit due In less than 30 days (other than for monev borrowed) Dividends unpaid Total of demand deposits (other than deposits) subject to reserve, items 2 and 31 ...$2,268,943.46 Time deposits subject to reserve (payable after 30 days, or subject to 30 days’ or more notice and postal savings) . Other time deposits 3 T Postal savings deposits Total of time deposits subject to reserve, items 35 and 36) ete., (deferred credits bankers and trust companies in untries (other than included in $422,777.26 subject to 755,002.69 Total ... $2,653,688.34 EE——:JIIEEI APPLICATIONS INVITED For Loans on Improved 'O REAL ESTATE B 1st and 2nd Trusts at Lowest Interest Rates N. L. SANSBURY CO. 1418 1 St. N.W. Main 5904 m joj———|jc———|g] Reserve District No. 5. 1925. 463,521.49 555,360.00 21,008.01 $4,357,019.33 $250,000.00 300,000.00 106,200.92 |/ 10.100.00 722,780.36 32,222.33 e $4.357,019.33 26. Cashler's checks uulstflndlnx . 28. Certificates of deposit due in less than 30 days (other th Charter ) City of Washington, I, ARTHUR N swear knowledge and belief. Subscribed and sworn to before me this solemnly (Seal.) District of Columbia, ss. MITCHELL, the above cashier of the above-named bank, statement is true to the best of ARTHUR'N. MITCHELL, Cashier. th day of July, 1925 HERBERT A. POOLE, Notary Public do that my Correct—Attest HARRY BLAKE, .H\ILQ A. MESSER, W. CLARENCE DUVALL, L. WHITING ALBERT F. BENJAMIN ESTES, FOX, W. GUY. GEORGE M JOHN N. SWARTZELL, LEIMBACH, )RR YRR R R R R R R R AR R Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3. 5 or 10 Year Periods Houses Business Properties Apartments 5Y2% ON APPROVED SECURITY Apply Aorzzs Bonmecticut Hoenue, 10 o G ) 0 - 0 4 2 0 M - 0 0 TR ) Directors. The New York Life Insurance Company Office Buildinge RBAanpAarL H. HAGNER & CGOMPANY MoORTGAGE LeaN GORRESPONDENT Tetyphomatzin 5709, Second National Bank T Charter No. 2038. e District No. 5 REPORT OF CONDITION OF 'l'l-fi“" At Washington, in the District of Columbia, at the Close of Business on June 30, 1925. RESOURCES. 1. a. Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange-or drafts, sold with indorsement of this bank 2. Overdrafts, unsecured . U. S. Government securities owned: a. Deposited to secure circulation (U. S. bonds, par value) $275,000.00 b. All other United States Government securities (including premiums, it any) 693,813.32 Total sosee . Other bonds, stocks, secu , ete - Banking house, $379,409.20; furniture and . Lawful reserve with Federal Reserve Bank....... . Items with Federal Reserve Bank in process of col - Cash in vault and amount due from national banks - Amount due from State banks, bankers and trust companies in thé United States (other than included in Items 8, 9 and 10) ...... . Exchanges for clea: bank (other than Item 12) Total of Items 9, 10, 11, 12 and 130 - a. Checks and drafts on banks (including Federal Reserve Bank) located outside of city or town of reporting bank ...... b. Miscellaneous cash items . Redemption fund with U. Treasurer ..... S. Treasurer and due from U. 8. . Other assets, i any . i LIABILITIES. . Capital stock paid in ...... . Surplus fund .. . a. Undivided profits ... . Reserved for taxes, interest, otc . Circulating notes outstanding ... Amount due to Federal Reserve Bank (deferred credits). . Amount due to national banks . Amount due to State banks, bankers and trust companies in the United States and foreign countries (other than in- cluded in Items 22 or 23) ....... s . Certified checks outstanding ... Total of Items 22, 23, and 26... $531,986.12 Demand deposits (other lhan bank deposits) subject to re. serve (deposits payable within 30 days): . Individual deposits subject to check . B n for money borrowed) .. . Dividends unpaid .... : Total of demand deposits (other than bank deposits) subject to reserve, Items 27, 28 and 31 .. $2,479.777.50 Time deposits subject_ to res (payable after 30 days or subject to 30 days of more notice and postal savings) . Certificates of deposit (other than for money borrowed). . State, county or other municipal deposits secured by nladg- of assets of this bank or surety bond Other time deposits . . Postal savings deposit Total of time deposits subject to Items 33, 34, 35 and 36 . $2,492,957.81 United States deposits (other than postal savings). including War Loan deposit account and deposits of United States disbursing officers . Bills payable (including all nbl\gmions represem borrowed other than rediscounts) 46. Liabilities other than those above stated . Dlstflct cf Columbia, ss: W. MARLOW, cashier of the above-named bank, MARLOW, $3,603,430.69 232.99 968,813.22 463,103.66 419,847.70 333,737.73 30,709.17 613,977.82 3,768.67 142,903.56 33,021.20 53,402.12 13,760.00 19,73 $6,790,432.74 $500,000.00 300,000.00 64,653.21 21,448, 274,997.50 104,439.47 294,240.16 100,785.16 16,302.41 16,218.92 2,458,479.50 34,214.91 500,000.00 1,871,703.39 37,039.51 22,500.00 100,000.00 2,112.02 $6.790,432.74 do solemnty fllur lhl! the above statement is true to the best of my knowledge and bellef. W. W. Cashier. Subscribed and sworn to before me this Sth day of July, 1925, WM. S. TORBERT, (Seal.) Correct—Attest V. B. DRYBER, JOHN C. ECKLOFF, SAMUEL J. PRESCOTT. FRANK S. HIGHT, WM. M. HANNAY, JACOB SCHARF, JOHN W. HULSE D Notary Publis E. J. SACKS, . 4247, i REPORT OF CONDITION OF THE Lincoln National Bank e, D. C. WALTER H. KLOPFER, irectors. Reserve District No. 5. At Washington, in the District of Columbia, at the Close of Business on June 30, 1925. RESOURCES 1. a. Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchlnle or drafts, sold with indorsement of this bank . 2 Overdrafts, unsecured . U. 8. Government securities owned: a. Deposited to secure circulation (U. S. bonds, par value) ..... b. "All other Unifed States Government securities (including premiums, if any) 398,854.50 Total . Other bonds, stocks, securities, etc . Banking houses, $350,908.53; furniture and fixtures, $33,866,33 . Real estate owned other than banking houses...... Lawful reserve with Federal Reserve Bank . . Cash in vault and amount due from national banks. . Amount due from State banks, bankers and trust c in the United States (other than included in Items 8 and 10) Exchanges for clearing house _ Checks on other banks in the same city or town as reponing bank (other than Item 12) .... Total of items 10, 11, 12 and b. Miscellaneous cash items . Redemption fund with U. Treasurer . Other assets, Total .. 7. Capital stock paid in . . Surplus fund . a. Undivided profits Circulating notes outstandip Amount due to Federal Reserve Amount due to national banks . Amount due to State banks, bankers and trust complnlls in the United States and forelgn countries (other than in- - cluded in Items 22 or 23) . . Certmed checks out!mnd\nx . . Cashier's checks outstanding . . Sises Total of Items 22, 23, 24, 25 and 26. . $306,678.34 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 d: for money borrowed) Dividends unpaid, $156, and $16,000 pnylbla Ju]y 1, 1925, Total of demand deposits (other than bank deposits) subject to reserve, items 27, 28 and 31 . .$2,339,972.10 Time deposits subject to reserve lpnyable atter 30 days, or subject to 30 days’ or more notice, and postal savings): . Certificates of deposit (other than for money borrowed) . Other time deposits . o Total of time deposits subJec! to reservi items 33 and 35 ..$3,425,233.20 Washington, D. C,, ss: I, FLOYD E. DAVIS, presidentiof the above-named bank, u 400, 472 47 .54 $120,000.00,, als 854.50 148,887.90 135,892.80 103,512.75 6,367.00 6,000.00 2,769.77 $7,080,433.06 $400,000.00 300,000.00 193,763.92 114,800.00 38,525.52 21,217.50 198,417.34 16,806.80 31,711.68 2,289,096.10 84,720.00 16,156.00 31,500.00 3,393,733.20 do solemnly @ | swear that the above statement is true to the best of my knowledge and 7l | belief. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgomery County, Md 3: % INTEREST ‘.fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT Sse PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Street N.W. Main 68838 (Seal.) Correct—Attest: FLOY: FLOYD E. DAVIS, President. Subscribed and sworn to before me this 9th day of July, 1925. YD E. DAV]S H. R..NORT! HENRY T. OFFTERDINGER W. D. SULLIVAN, LEROY W. HERRON, JOHN W. BRAWNER, PETER LATTERNER, MELVIN -C. HAZEN, R. A. DORE, GEO. C. Fl'MPHREY HELENA D. REED, Notary Publc. Directors. Equitable Co-operative Building Ass’n JOHN JOY EDSON, President m‘AnblllK P. nwsm cerennnaa.. . $4,942,132.68 Surplus Secy. . .u,m.ou.« Subscriptions for the 88th Issue of Stock Being Received The Best Way to SAVE —is thru the Equitable’s sys- tematic saving plan. It is a plan that achieves gratifying results. Whether you are saving for a home or the future— Join Today. 915 F St. N.W. Read Our Jily Investment - Booklet END for our new booklet describing six strongly secured First Mortgage Bond issues that will pay you 7% on your July funds with the proven safety of Smith Bonds. 7%SMITH BONDS are sold in denominations of $100, $500 and $1,000, outright or under our Investment Sa Plan. Every payment earns 7* Maturities range from 2 years to 15 years. For a copy of our July booklet, send your name and address on this ads " NoLous to Any Ivestor in 52 Tears TheF. H. Smith Co. Founded 1873 815 Fifteenth Street--Main 6464 New York Washington, D.C. Pittsburgh Philadelpbla Minneapolis FINANCIAL. $10,000 to Loan On small business or income property. A spe- cial fund available for immediate placement. Current interest rate and very reasonable charges. Chas. D. Sager 924 14th St. Main 36 Money to Loan by fret doad of trust on real estate. o e a'fo Wash. L. & ° &1 | SECOND TRUST NOTES 1 | Tundy availatle for the pur chase of all kinds a D, Promot * action” 13 Bth & F N.W. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Wn;.hmzton Investment and Transactions Co. 715 14th 8t N.W. STOCKS BONDS BUCK & CO. —BROKERS— Established 1916 We Buy and Sell listed Securities Outright or on Margin “SAVE FIRST; LIVE AFTERWARD”— This is the advice of certain industrial companies to their employes, and it may be passed on to many in Washington. Being interpreted, this slogan suggests that out of every earning a definite amount be saved, even at a sacrifice. In planning such a savings program we are confident nore will possess equal advantages to be found in our FIRST MORTGAGE NOTES, secured by improved real estate in Washington, and now paying at the rate of per cent Let Us Furnish Full Information Our Marginal Requirements Are Reasonable and Attractive Visit Our Board Room or Write for Weekly Market Letter Mortgage Investment Dept. [SHANNON- & LUCH Main 2345 713 and 715 14th St. N.W. * Direct Private Wires New York Baltimore Philadelphia Washington BUCK & CO. 1420 N. Y. Ave. N.W. 312-13 Evans_ Bidg. Phone Fr. 7300 Legal for Trust Funds in the State of New York uponcompletion of the buildiag (about Oct. 1). New Itsue $2,600,000 610 Park Avenue Building (Mayfair House) NEW YORK CITY First Mortgage 6% Sinking Fund Gold Bond Certificates Dated: July 1, 1925 Due: July 1, 1940 Interest Coupons Payable January 1 and July 1 Two per cent Federal Income Tax Paid. Chat- ham and Phenix National Bank & Trust Co., Trustee. Herbert S. Martin, Vice-president of 8. W. Straus & Co., Co-trustee. Mortgaged Property j We summarize as follows from a letter to us from the borrowing corporation, andfrem data compiled in eur investigation of this loan: bond and certificates constitute a direct closed first mortgage on land in fee on the southwest corner of Park Avenue and East 65th Street, fronting 75 feet on Park Avenue and 160 feet on East 65th Street, and a 15-story apartment hotel building, to be known as Mayfair House, now nearing completion. The building will contain 144 suites of two, three and four rooms, with complete hotel service. It is expected to becompleted and repdy for occupancy about October 1, 1925, and itsicompletion is guaranteed. The land and completed building have been appraised as follows: APPRANER VALUATION OF COMPLETED PROPERTY Pease & Elfimen, Inc. $3,952,000 William B. May Co. 4,023,500 These appraisals value the property at more than 150% of the amount of the loan, and show a margin of security in excess of $1,350,000. Park Avenue is unquestionably the finest residential avenue of the city and this corner on 65th Street is one of its best available corner sites. Surrounding the property are the homes of many of the wealthiest and most prominent residents of the city. Net rental earnings are estimated on an extremely conservative basis at $372,330, which is two.and one-half times the greatest annual interest charge and more than $151,000 in excess of the greatest annual interest and principal requirements. The borrowing corporation is the 60 East 65th Corporation, owned and controlled by builders of long experience in high grade New York structures of this type, and the owners of many valuable properties. TFhrough the operation of a sinking fund $782,500 out of the total issue of $2,600,000 will be retired before maturity through a sinking fund. DENOMINATIONS: $1,000 and $500. PRICE: Par and accrued interest to yield 6%. Call or write today and ask for CIRCULAR 2%-G S.W.STRAUS & CO. ESTABLISHED 1882 Investment Bonds BRODREORATID NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR 19358, W. 8. & Cs., Ine.