Evening Star Newspaper, December 3, 1925, Page 31

FINANCIAL. REDISCOUNT RATE RASED N LONOON Increase Necessary to Check Big Outflow of Gold—Paris | | —_— | I APPLICATIONS INVITED for LOANS on p IMPROVED PROPERTY Lecated in the Dietrict of Columbia and adjacent Subwrbe in Montgomery County, M& THE EVENING STAR, WASHINGTON. D. The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland Suburbs for 3, 5 or 10 Year Periods. Houses 1 Business Properties 2 0 Apartments Office Buildings C.. THURSDAY, DECEMBER 3. 1925. INSURANCE —in all its branches. Let us know your reanirementa. We can serve vou. ‘ THOS',ET' JARRELL 'MONEY TO LOAN 'ON REAL ESTATE GEO. W. LINKINS 1733 DeSales Street 166 4th. FINANCIAL. What Our Guarantee Means to the Purchasers of Our First Trust Real Estate Notes Ist. 6%2% The property has been appraised by men of many yeart' expe- rience, recognized experts in valuing Waszhington real estate You are relieved from all responsibility of collecting interest, looking aiter the insurance and taxes. Each note bears our endorsement, which means that we guar. antee each note, both as to principal and interest when due. The guarantee of thic corporatien is better than a perzonal ar antee, hecause its existence ic perpetual and the resources back 2nd. 3rd. Cuts Rate. | =" ) ! REAL ESTATE LOANS 5-}“’ ApARTN AN WS T ers /O RTSINTES PROPERTY RESIDENCE LOANS AT LOW RATES of it are over $2,250,000. REAL ESTATE MORTGAGE AND GUARANTY CORPORATION 26 Jackson Place NW., L, E. BREUNINGER, President Be the Acen LONDON, 1ated Press December 3.—The Bank raised ite official unt rate to 5 per cent ON APPROVED SECURITY 1 5:1% FRED T. NESBIT ial minimum INTEREST INVESTMENT BLDG. Main 9392 " fim’m;fi\.* | [llRANDALL H. HAGNER & CGOMPANY || = utflow of gol which as 1 JSApply re MORTGAGE LoAN GORRESPONDENT H. L. RUST COMPANY Telephone Main 5700 nk rate was reduced in | or £10.000.000 (843,300 the country re. | LOAN CORRESPONDENT ®s¢ PRUDENTIAL INSURANCE COMPANY v AMERICA 912 15th Street N.W. Main 6883 Apply 1321 Connecticut Avenue Your Watch Dog What Is a Safe Investment? Stripped of everything except =olid facts, a Safe Invest- ment is ane which eliminates all chances of loss of prin- cipal and assures a reasonable and regular interest vield. N country districts, where civic protec- tion is far distant, the farmer keeps a watch dog to guard his property. available to loan te increase the capacity of churches, com- garages and moving pie- theaters If vou have for Your pres. ture grown too large ent accommoda Myr. Kelley in the Loan Department If yvour proposition has his approval there will be nn delay i your gettinz the money Come in and see about it todas Main 4752 fa= s s T Soon You 1l Be % 1 Getting Your Christmas Savings FOR a whole year you have been faithfully laying aside a small sum each month to devote to pleasant remembrance of your friends at Yuletide. It's a praiseworthy custom, and you are to be commended for vour thrift! Perhaps you may even have more than you need to spend for gifts, leaving a balance you can turn to your own account. In that event, the best plan is to consult us and You, living "in a well-policed com- munity, need protection of a different sort—the protection of safe investments. First Mortgage Notes purchased through Swartzell, Rheem & Hensey Company. will safeguard you against loss and vield 6147 as well. Unusually high interest rates and safety of principal are seldom combined in an investment, because when the safety of principal is doubtful it becomes necessary for the borrower to offer high interest. Successful investors—those who make permanent profits—choose investments because of safety and reason- Trade Will Be Hampered able vield | | me. trade which has | will ba hem. | helieves the | n of the higher | 4 n the new These elements are combined in the FIRST MORT- GAGE NOTES we negotiate and offer ta the public at par. The property secured is IMPROVED and is in the District and not at some distant point where it i< difficult to inspect. Let Swartzell, Rheem & Hensev Com- pany be the watch dog of vour invest- ments! Swartzell, Rheem &Hensey J(Ortygefianin G, 727-15 Street. NW Washington.DC. 1415 K Street THEN. too, our collection and supervision service are at the disposal of our clients WITHOUT CHARGE TAKE TIME tn phone or write for nur literature. It will pay von ta do <0, No ohligation Inrest a Part e In Safe 6159 First Mortgage Notes £100, $250. $1.000 BOSS &b PHELPS REALTORS The Home of Homes 1417 K Street Main 9300 %?@%%@%%!@ Mortgage Investment Department SHANN®N - & LUCH? 713, 715 and 717 14th Street N.W. Main 2345 56 Years Without Loss to An Investor SHIP CONTRACT AWARDED Newport News Concern Will Recon- PETETR LN T TR N dition Three Steamers, n he S Organized in 1814 A Christmas Suggestion © If advancing years, de- sire for travel or other reasons advise lessening your business activities. why not arrange with this bank to shoulder some of your financial cares? “ A Voluntary Trust. for instance. will relieve you of the detail of collecting income, making invest- ments, etc., without tak- ing control from your hands. & Our TRUST DEPT be glad tn confer irith ahaut making uowrsel? a Christmas gi't National Metropolitan 111 Bank 111 Years Years Old Old Capital, Surplus & Undivided Profits, Over $1,800,000.00 15th St., opp. U. S. Treasury ber 3.—The Transporta YESTERDAY--TODAY--TOMORROW nstalling be. side ports in | Perhaps no single financial factor has heen of oreater im- portance to the home of vester day; and todav—and will be to the home of tomorrow—than the First Mortgage. Being linked so inseparably with the welfare of the community. its bhasic nature is a pmmi;e of sound security. Our 61,% FIRST MORTGAGES —are founded on approved im proved local real estate. Thex offer a definite safeguard for vour surplus funds. with rezu- larity of interest assured by the established success of our financial discrimination F. SAUL CO. 923 / Tax Refund in District of Columbia $500,000 Sodus Gas and Electric Light Company First Mortgage 67 Gold Bonds “Series*B”’ BACK DIVIDEND VOTED. CF 3 P K mher Onarter of a Dated November 1st, 1925 il Due May 1st, 1941 Crntiry aneh Hsthout a Interest payable semy-annually, N ovember 1st and My Isl. at Gaylord State Bonk. Sodus. New Vork Redeemable up to and sncluding May 1. 1330 at 105 and accrued intevest; thereafter and up to and wncluding May 1 accriied interest; theveafter and up to and inehuding May 1. 1989 at 102 and accrued inierest; thereafter and ncluding May 1. 190 at 101 and acerued interest; thereafter at par and interest. Coupon Bonds. Denoms- nations 1000, 3500 or multiples therenf. Registerable. +f requested, o2 t» principal omly The Company agrees to pay the N ormal Federal Income Taz not sn ezceas of 29, end wrll refund upon proper application presented unthin 80 days from date of payment thereof. the 14 mills taz wm Maryland. 4 mills tax sn Per the 5 mills taz in the District of Columbia This Issue has been approved by the Public Service Commission of New York State 85 nf 103 and to and Loss vou up broke e on the dotred | red of some knows | B. Main 2100 15th St. N.W. 120 W ! Gaylord State Bank, Sodus, Trustee Bidz.. 5 e i Joseph I. Weller Do not put off il Jafiuary what you can do today RUSINESS- The Sodus Gas and Electric Light Co. is engaged in the distribution and sale of electric energy for domestic and industrial uses. The Company serves without competition the following communities in New York State: Webster, West Webster, Union Hill, Pultnevville, Ontario, Marion, Williamson, East Williamson, Sodus and Sodus Point. In addition to serving the populations included in the above mentioned communities, all of which are adjacent to the City of Rochester, the Company serves the entire population in the rural commu- nities surrounding them. TERRITORY—All of the above mentioned communities are situated in a prosperous and fertile fruit belt of New York State on the south shore of Lake Ontario between Rochester and Syracuse. Webster is eight miles east of Rochester and no town in the group is more than 3< miles from this rapidly growing city so that practicallv the entire territory is of a suburban nature. The principal industry in the territory is the raising of fruits, the country abounding with large apple and cherry orchards and vineyards. In Webster, Marion, Ontario, Williamson and Soduc are located large cold storage plants that are consumers of the Company’s power. There are also many manufacturing. canning and other industrial plants. Throughout the territory are well kept comfortable homes and prosperous farms. Excellent highwave connect the several towns and an interurban trollev runs from Sodus Point on Sodus Bay and Lake Ontaria through Sedus, Williamson, Ontario and Webster into the City of Rochester. Railroad service is provided by the Pennsylvania and The New York Central. SECURITY —These “Series B” Bonds now to be issued (together with “Series A”" Bonds now outstanding and to be retired with the proceeds of the sale of ““Series B"' Bonds) are secured in opinion of counsel by a direct first mortgage on all physical property, rights and franchises now owned or hereafter acquired by the Company. The valuation placed on this property by independent engineers and appraisers as of July jist, 1925, based on reproduction new less depreciation, was largely in excess of the total bonded debt. Mortgage Money to Loan Real Eet FHOS. E. Memher JARRELL Nw Estate Board. EETRRT T Main 166, by improved, income-producing city property, and give you, at the present time, a choice of maturities from 2 vears to 10 vears. You can make vour selection now as to issue and maturity, and reserve the investment you want for delivery when vour funds will be in hand. No deposit is required on investments re- served for sixty days. THE low vields now prevailing on other classes of securities will cause more investors than ever before to turn this January to the proven safety and the liberal, dependable in- come of sound first mortgage bonds. 4 | Internatl. Finanes | Wardman Mte. MEHLMAN & CO. 1210 F s NW Ph. Main 8847 For THOS. E. JARRELL Memher Washington Real Fstate Board TR0 SN Main 368, Loans Made to Builders r AT CURRENT RATE OF INTEREST FLOYD E. DAVIS COMPANY 12¢h &t N.W. Tth SLSWL If you are planning to take advantage of pre- vailing first mortgage interest rates, you will do well, therefore, to make your selection now, before the heavy January demand re- stricts your choice. Thus you will assure, for your January funds, the security, the maturity and the interest rate that you want. Plan Now to Get EARNINGS— *1925 $185,136 1922 $152,736 1923 $163,004 ;,:3,:5:; If you wish, payment for the bond or bonds vou select may be ex- tended over a longer period, by using our Investment Savings Plan. Under this plan, after an initial payment of 10%, vou have 10 months to complete your purchase on any terms convenient to you. Every pay- ment earns the full rate of bond interest. Total Revenue Operating Expenses, Taxes (0] on January Funds 88,047 01,964 109,394 Net Tncome Annual Interest on Funded Debt....... 24,000 75,741 24,000 63,809 21,993 FEDERAL-AMERICAN | NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President PURPOSE OF ISSUE—The proceeds from the sale of these $:00,000 “Series B” will he applied to the re- tirement of all outstanding ““Series A” Bonds and te provide funds for additions and improvements to the com- Current offerings of Smith Bonds, pany’s property. which may be reserved now for Janu ary investment, give you the oppor- tunity to get 7%, on your January funds, with the protection of safeguards that have resulted in our record of 70 loss to any investor in 52 years. All legal matters in connection wnth the izsuamee of these Bonds have been passed upon for the Bankers by Messra. 'Im'%'" Ober, Shingluff & Willams, of Baltvmore, Maryland, and for tha Company by Mr. Edwin C. Redfern. of Rochester. Now York. We offer thess Bonds when, as, and if tasued and recerved by us, subjert io approval by our Counasel. Send your name and address today, on the form below, for descriptions of our current offerings. We also will send you our booklet “Fifty-two Years of Proven Safety,” which explains the time-tested features that have made Smith Bonds the choice of thousands of investors in 43 States and 3o foreign lands. Price 9914 to yield 6.057 These bonds ($100, $500 and $1,000 denominations) are strongly secured THE F. H.SMITH CoO. Founded 1873 Smith Building, 815 Fifteenth Street—Main 6464 NEW YORK — PHILADELPHIA — PITTSBURGH — MINNEAPOLIS 3. AW ¥glehart &Co. Investment Bankers %9@ ¥24] MEMBERS BALTIMORE STOCK EXCHANGE 710 1sth SAN.W. Washingten, D.C. SECOND TRUST NOTES Fonds available for the par- chase of all kinds of second trust notes. secured on or nearbs Teal satate. Promps action in every case. * * : * * 122 St. Paul St PBaltimere, Md. Coal Exchange Bidg. Wilkes-Barre, Pa. Goff Building \ Clarkshurg, W.Va. \ —_— / NO LOSS TO ANY INVESTOR IN 52 YEARS 0000000000 : Washington Investment and Transactions Co. 715 14th St Main 366! 2200049000900 00 N.W. The seatements somained In this advertiserment ke based OB formation Whieh We rerard af reflable AN wers tsed by 56 48 & basts for the purehaes of the Bouds for our own sesount. $oo