Evening Star Newspaper, January 7, 1926, Page 31

FINANCIAL. THE EVENING STAR, WASHINGTON, D. (., THURSDAY, JANUARY 17, 1926. FINANCIAL. STEEL COMPANY PLANS | Moy o Lows ‘ . SAFE 7 $15,000,000 ADDITION | ,First Mortgage Notes fiscurmpyfi witot s e | First Mortgage Notes OLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA B30 sod vy [ EAUESIUE LR avaiiaide funds for invedtment | Joseph 1. W, . KN e s i Lg palih i roR + e | THOS.'E JARRELL | et oy For Sale When Expanding Business | First Mortgage Notes |} 537 el mill to cost et § Member Washington Real Estate For Sale {J| RESIDENCE LOANS AT LOW RATES :vwr;?l:':\ * Spa rint, e s tom st N wain a0 || FEDERAL’AMERICAN $100, %253:m;;56: ;’1,000 —makes essential more ample banking facilities, GEO. W. LINKINS FRED T. NESBIT structl t the n t will begin v AND P | e " z f 1733 De Sales St. INVESTMENT BLDG. Main 9392 Aitn the cursent vebr. cooralng £6 | NATIONAL BANK | it's time to enlist the services of The Metropolitan. S i : "',‘r‘,:;‘}Tg",'fil‘;?; will be the largest of RESOURCES, $14,000,000 6%/{ lntereSt | {{We have grown as Washington grew, and offer its kind on the Atls ’ i w""“'H"' '§' D J ""(‘: ""‘I"' the business community banking facilities second More than 8,000 men are ne m. H. Saunders Co., Inc. ed, and within a vear it is likely the 1315 F Street Eatnblished 1887 to none. number will approximate 14,000, with ! . ) e B | in excess of $330,000 weekly We will gladly receive JOHN POOLE, President 1433 K Street N.W. and give prompt attention N to applications for | — o izt b L N . l " I Metropolitan Life Insurance Company MONEY TO Loans on Washington T8 1 ationa » Real Estate : ; LOAN Giitrenra (e HEntevos -y | . i FIRST MORTGAGE LOANS on District of Columbia and Sh“i‘vll(l ,\'(tm 1ltmvc'l o | APPLICATIONS INVITED | Higm : Metrop()lltan i Apply to Maryland real estate. oney to Invest for LOANS on Y " i Prevalling interest rates, no —we can also take care of 12 WEAVER BROS. s, o G| vou, Our experience, ex- IMPROVED PROPERTY : e Bank g 1 ot sale. tending over a period of Y Old Old Gardiner & Dent Thirty-Five Years [ 15th St Opposite U. S. Treasury | 809 15th Street N.W. Main 9486 HOUSES 3Y Interest Paid on Savings G —insures your protection. Located in the ! e P H R “ C District of Columbia and adjacent | Yy 1409 L Street N.W. ercy ri. nusse 0. Subwrbe in Montgomery County, M& | i 926 15th St. N.W. 2z Choose Your Investments With Care Nothing Could Be Safer, and they vield At Washington, In the District of Columbia, at the close of business on First Nlortgage IJOanS '.flPP'.V o “"' e of other ks o Nearby Maryland Suburbs for 3, 5 or 10 Year Periods. | LOAN CORRESPONDENT 3.a Cu r"‘ ,‘ s 4 e ans —for those who will have funds available 912 15th Street N.W. Main 6888 ) t B s 390,948.23 Mortgages on improved real estate i RANDALL H. HAGNER & GCOMPANY The New York Life Insurance Co. INTEREST Dterber 51, of exchange or drafts, sold with indorsemen On Tmproved Real Fstate in the District of Columbia and | 2. Overdrafts ®he PRUDENTIAL INSURANCE s : < - . - 4 during this month. Our Mortgage Invest- Houses 5 ]/2 % Apartments COMPANY ¢f AMERICA epostied to . s a | ment Department would like to show ON APPROVED SECURITY . Total g e 3 this city. J‘ 10. Cash in vault 8 : MORTGAGE LOAN GORRESPONDENT 1l [l i S aed 1oy ttema B9 6]/ W 1321 Connecticut Avenue Telephone Main 9700 | FOR THE REGULAR INVESTOR i Bachmnce o 1 house : 5 | 2 0 . 4. Items with F - Bank in pr i collection k l Charter No. 9545. REPORT l‘!’l‘" :;:'l\_\'lyl'r[l)_\' Reserve District No. 5 5'2' % DISTRICT NATIONAL BANK | Offers to Make | , ; H. L. RUST COMPANY P By o AETRE Reservations Now Being Made Business Properties Office Buildings | e Jrut,ianas | why vou should place vour funds in ¥ Apply St s . - e 4 i sl i DT ok The man who invests regu- f . ol | Just telephone Main 2343 and ask to have details submitted to you. larly—whose constant contact with investment securities and 3 INVESTMENT DEPARTMENT tors has seasoned his judgment Potal . TR : TGS 213 718 5 717 CHr oot NICWRT —knows the sound worth of our 713,715 and 717 14th Street NAW. | 7. Capital stock paid in ..., « Main 2345 Surplis fund R Ceonsanaee: 4 There are lots of Busi- ness Properties with Hook, Line and Sinker included in the bill of sale. 6',9% FIRST MORTGAGES e Bank (deferred credits) N1 NHNL) S-S0 7 ntrie: er than in Quarter termined desirability protects A NN of a vour principal. I’s easier to find flaws in dealings aft- erwards. Be careful! X NCAUNTANGINC NI N/ N Century Our own experienced meth- ¢ Without a ods of management assure the B e Loss scheduled payment of your interest. » B. F. SAUL CO. Main 2100 925 15th St. N.W. 'Hedges & Middletonke s REALTORS 1412%Eye St.NW. Franklin9503 ed | Many times during the past six months various state- money ments have been made to us concerning our First Mortgage 2. Notes and bills redis acceptances of other business, and the general operation and management of our banks and foreizn of exchange or drafts sold with office. We indeed feel it a pleasure to set forth in this space FIRST MORTGAGES 5 seouted o noctnt of this MAnk. 14 1| afew matters _which may be of interest to our readers: . FOR SALE g Liabilit sther e a Sl . 1 . We have in our organization two separate and distinct tions of $250, $500, | > W . N 3 incorporated legal entities, known as the CAFRITZ CON- 000 and Upv;-rd- EesinElon of Columbla, s« STRUCTION COMPANY and the CAFRITZ COMPANY. 1. L. "7, Jr., cashler of the 619 i e tesmesasmeni e e - ledge - The CAFRITZ CONSTRUCTION COMPANY handles 270 Subscribed and sworn to hefore n is “ ar: ; all our real estate development in the way of excavation, AlL Tosns Made on Froperty | . SON. Notary Public erection, final completion and sale of our various enterprises. Located }pfll:mhammrt of Correct N HAREER JOHN F “RY. including business houses, apartments, and Cafritz Life-time P . s E ) "- GH‘}“‘R k_c e Homes. This corporation has all the powers, privileges and JAMES F. SHEA C I p pm?” [J z” d oly L . T.. OFFUTT, Jr.. rlg}}ts necessary to operate a gener_a] real estate development 643 Louisiana Ave. N.W. | | Directors. business, and has so operated both in the District of Columbia | | and nearby Maryland for some time. : = = The CAFRITZ COMPANY. which is the other incor- porated legal entity, operates as a brokerage firm, having sales, mortgage, rent, and insurance departments, which BAYLIS & CO. Brakes and Brains | Washingon | cover the entire real estate brokerage business. The MORTGAGE DEPARTMENT OF THE Members New York Stock Exchange . i = = CAFRITZ COMPANY finances many of the Cafritz Con- imn Phlladel hla struction Company’s operations, as well as those of outside e HE RAILROAD SYSTEMS of the (s ‘ I . . JANUARY 7, 1841 United States are a far-flung, close- plttsbur h dwellings and business properties in the District of Columbia BY Iy-meshed web of tracks. And over them g and nearby Maryland. Before opening this department we + 2 2 e sought diligently for a man sufficiently educated and ex- ABRAHAM BURTIS BAYLIS run thousands of trains daily. These trains . . o perienced in the operation of a mortgage business to capably ¥ are protected from disaster by the Air (| Nefl’ issues in these cities for ‘your manage this important financial department. We sincerely % 2 believe that we have accomplished our task in the selection ! Brake—invented and patented in 1869 by i For 85 years this ]&nuary im’estment ,'” Smith Bonds and appoimment of our present First Mor‘tgage executivg, s George Westinghouse, Pioneer of Safety. as he is well known to First Mortgage note investors both in ously carried on J and out of the District of Columbia, and has had a long ANUARY offerings of Smith Bonds give you experience in this particular field of endeavor. i [ Swartzell, Rheem and Hen Jompan; e i a conservative | s ! Hensey C mpany, the attractive interest rate of 7% with the Whether the Cafritz Company is making a loan to the geum!m;sn;\:m- too, has pioneered in safety. For in 1869 strong 5eqma:of;“mndern,DnEor;e};;]yroducmg Cafritz Construction Company or an outside operator, the s e New = o its s . properties in Washington, D.C.; Philadelphia, management of the Mortgage Department acts and deals York Stock Ex- th;s thotuhse t,irt?d ]t‘f policy o'f making Pa., and Pittsburgh, Pa. B with the same careful scrutiny and caution, having always in change. safety e criterion of every First Mort- The property securing each of these new issues mind the importance of placing conservative mortgages. = i 5 s | = 4 2 based at 50% of a fair valuation, rather than to increase the STRETe gage Note it sells. The yield of the Notes | is located in well established and well known profits and disregard the established principles on which Ie—b.l:‘.l\':):l;;k Exch. now offered for sale is 61,7, —an attractive sections, where rental demand and property other well-founded Mortgage Companies operate. n . values are well sustained. Fach property is W AB.BAYLIS Jr. rate' when the high factor of safety is fully described in our circulars. i 1869-1896 considered. construction companies and contractors, and also places and handles mortgages, both first and second, on completed When you realize that this department is handling the ! money belonging to our clients which may be their entire Every issue of Smith Bonds is protected by the life-time savingg or perhaps the beneficiary fund of a widow arimATTin : system of safeguards which has resulted in our who has had little or no busines experience in investing Member N, Y. Stock Exch, record of no loss to any investor in <3 years, money, you can readily understand that confidence e§t§th_hed 1870-1919 S 297 B by fair and honest dealings must of necessity prevail in First WM. BAYLIS, Jr. | Denominations $1,000, Mortgage transactions, if this department would long sur- Member N. Y. Stock Exch, swaflleu‘ Rbeeln lensey& , | M o $2' » $500, $100 vive. We have determined that our First Mortgage Depart- 1906- — J{ar%agflanlgn [ aturities 2 to 10 years ment shall long survive, because +# its very inception we S 1In s 727+15. Street NW Washingon.DC. For our new bookiets, including January offerings, enlisted and incorporated into it all the necessary safeguards, eRd your wd adén he I principles and practices which other long-lived First Mort- Suggested 22 e peeRAg el gage Companies possess. You are invited to investigate this " 4 service, and have demonstrated to and for you what is here Securities purchased mE F. H . SMITH Co. only briefly outlined. for cash or Founded 1873 Write, See or Phone on margin - E 1 L. O’ 11, Mgr. Smith Building, 815 Fifteenth St. (Main 6464) Glarence 110 Donnell, Mgy 52 BROADWAY NEW YORK—PHILADELPHIA—PITTSBURGH—MINNEAPOLIS ‘ Mortgage Department New York City | | NO LOSS TO ANY INVESTOR IN 53 YEARS Telephone Hanover 3824 \ SR R R T e e