Evening Star Newspaper, April 20, 1926, Page 31

THE -EVENING STAR, WASHINGTON, D. C, TUESDAY, APRIL 20, 1926 FINANCIA I‘ REPORT OF THE CONDITION AMERICAN SECURITY AND TRUST COMPANY in the District of Cvlumhlfl at the close of business on April 12, 192 FINANCIAL, U.S. STEEL HAS STRICT 9 ECONOMY PROGRAM / Béthe Associnted Pres NEW YORK. Tnited States REPORT OF CONDITION BANK OF COMMERCE AND SAVINGS At Washington. in the District of Columbia. April 20.—The | 8t the close of bu-mt-un on April 12, 1926. Steel Corporation, | 1 L richest industrial company in the world, out on its twenty-sixth fiscal year today with a surplus of more than $500,000,000 and a policy of “strictest economy,” which disap- pointed many stockholders in their hopes for A dividends. The corpor The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland. FOR 3, 5 OR 10 YEAR PERIODS 5Y2% ON APPROVED SECURITY Apt'y RANDALL H. HAGNER & COMPANY MoORTGAGE LeaN GORRESPONDENT l 1321 Connecticut Avenue Telephone Main 9700 ] b W. B. Moses & Sons Established 1361 F St. at Eleventh At Washington, RESOURCES. . a Loans and discounts, including rediscounts, acceptances of other banks, and foreign bills of exchange or drafls‘ sold with indorsement of this bank. $19,331,604.13 Overdrafts, secured, $5,294.05; unsecured, SSW‘ 68. . 6,103, I 3. a Customers’ liability account of “acceptances” executed by C. &, Govermment securii this bank and by other banks for account of this bank, H 121.908.50 N B! - and now outstanding. 54.047.40 p . . U. S. Government securit . a Loans ant discounis. i set chan drafts. sold ul!h mdnrstmeul of this $1.140.601 eritatts. "abiscirod 09} 253.53 5,033,102.64 6,704,228.44 1,662,970.15 85,148.00 | Houses Business Properties Apartments securities, efc Office Buildings $1,424,780.02; 5. Other bonds, stoc 6. Banking house $238,190.13 . Real estate owned other than banking house. .. . Cash in vault and amount Gue from national . Amount due from State banks, bankers &1 trust companies in the United States (other than included in item 10). 2. Exchanges for clearing house e A Total of items 10, 11 and 12 ...$4,491,997.55 . @ Checks and drafts on banks (including Federal Reserve bank) located outside of city or town of reporting bank . b. Miscellaneous cash items = . S reatok . ho ible retire- EXTH s ment of Elbert H. Gary. My Gary himself, at the twenty-fifth annaal meeting in Ho- hoken, N. J., vesterday, in addressing 150 of the stockholders, gave hints that_were interpreted a3 giving sup port to the furniture and fixtures, in_vault and ‘amount due from national banks . Miscellaneous cash items. . Total LIABILITIE: apital stod ald . Surpitis “While w I strong and vig- 19 a. ’nunm:-'a brof orous today.” i yvet we know that in the natural course of events it will probably on be time for some of us to v odbye." Despite disappointment of several stockholders over the failure to re- celve a “silver dividend opposition from othe objected to the company's conserva- tive policies, Mr. Gary was given personal tribute by the stockhoders unanimous approval resolution ratifving the past vear's actions of the management and directors. s -ubleflh:“ . h” ""dflll"ullll payable Have You Been Stung Yet? m.i‘m'.(‘ux deposits Some men have to get stung good to check and hard before they learn to be cau- tious in making investments. Before you invest—Iinvestigate! CONSTRUCTION 6% LOANS FRED T. NESBIT Investment Bldg. M. 9392 000.00 100000 e o BEPOSIT, DAY, 301 46'0 84 1,317, 576,86 304,787.04 299,349.56 37,922, 444. Qms Rr-‘mm for taxes, interest ACiot e G 5 Deposits Invited in Any Amount—Same Rate S i 208.72 of Interest Paid on Large and Small Accounts National Savings & Trust Co. OLDEST SAVINGS |)l~|'()\l1‘0R\ IN \\A\lll\' 59th Year—Corner 15th & New York Ave. 16: Other assets, df ANY.. .. ucoasocsoiesene Crrcoc Total . . $3,400,000.00 pital stock paid in 2,700,000.00 8. Surplus fund . - @ Undividend profits 06.7 e 55,127.88 403173 ——$651,466.356 d Less current expenses paid . 3,033.09 Furniture Ll Upholstery subject Charter No. 4247, Reserve District No. § 640.170.04 6!8.433.23 d 188,16 208,901.60 REPORT OF « (v\l)l’l‘l(}\ OF THE Lincoln National Bank At Washington, in the District of Columbia, at the Close of Business on April 1Z, 19 20. Reserved for taxes, interest, etc., accrued Amount due to national banks. ... . Amount due to State banks, bankers, the United States and foreign included in item 2 r... e of deposit "du n 80 davs (ot VERRRE R ¥ \mrnmulr and trust companies in countries (other than 10477800 187,416.19 ti 5.865.40 hecks outstanding. Total of items 23, 24, 25 and 26. e, 5195 146.48 Demand deposits (other than bank deposits) subject to reserve (deposits payable within 30 daye) Individual deposits subject to check. Certificates of deposit due in less than 30 da: for money borrowed). s, . Dividends unpaid. . $120,000.00 32. Other demand de courities * Total of demand d!pnlllx (other than 398,354.50 deposits) subject to reserve, items 27, RESOURC Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or d with indorsement of this bank 2 . Overdrafts, unsecured .... ; . U. 8. Government securities owned. a. Deposited to secure circulation (U. par value) . . L. All other United (including premiuni or subject to miore notice, and postal .a avings Certific 'siex of deposit (other f ey borrowed) . 15,867,389.80 ‘(other than 50,788.49 50,654.00 1,449,125.10 16,903 -+ BUSINESS FURNITURE AND EQUIPMENT Either in Steel or Wood A phone call will bring a representative =t your convenience Main 3770 22 o5 Government cashier of the it any) do_solemily swear that the above statement is trie 10 the best of my kmmud:r‘ and heliel erineq QN 3. RIORDON. Cashier, and sworn’ o 1981y d)n s T el cul HARRY S. WOLF. Notary Public SENBERG. Thiaver Directors mz CONDITION awovenamed ‘pank Small Loans Time deposits subject to reserve (payable after 30 days, or subject to 30 days or more notice, and postal savings): 3. Certificates of deposit (other than for money borrowed). .. . Other time depos : of time deposits subject to reserve, ns 33 and 35. ...$18,064,498.09 Acceptances executed by other banks for account of this bank Liubilitles other than those above stated. Total 5. Other bonds . Banking house, M“ furniture & . Real estate owned other than bunking hous . Lawful reserve with Federal Reserve Bank. Cash in vault and amount due from national banks. - Amount due from State banks, bankers and trust companies in the United States (other than included in items & and 10) 2. Exchanges for clearing hous 13, Checks on other banke in the same city or town s repor bank (other than item 12) . s Total of items 10, 11, 12 5. Redemption fund with U Treasurer : 5. Other assets . rities, asnl 831.459.»& . 66,82 . 12,997.672. advanced wit t tter wplieation L. Garland Kendrick _ Clarendon, Va. Clar. 42 Money A Third of a Century's Correct—Attest Experience 3.253.! Your Apartment Tenants —stay satisfied, paynmg vou the profit you eéx- pect, when our manage- ment specialists attend to every detail of leasing, maintenance and rent collection. OQur list of clients has been growing steadily for a third of a century. B. F. SAUL CO. 2100 925 15th St. N.W. WASHL\(;TON LOAN AND TRUST | COMPANY Washington, in the District of Columbia. the close of business on April 12, 1926 RESOURCES. “,..:’.',-;:',';';,":- : {17. Capital stock other i Surplus fund . h‘nkn ‘mnl foreign bills ,( "d“ x.]pd |-ru<vl~ of this bank .$11,401.297.25 . O\erhnlll 97, 3 a8 U.'S. securities owned(in” cluding premiums. 1 89,912.88 $895,418.41 ity m’ U Total . of Washington I, CHARLES E, District of Columbia, ss.: HOWE, treasurer of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief CHARLES E. HOWE, Treasurer. Subscribed and sworn to before me this 16th day of April, 1926. (Seal.) WM. H. DORSEY, Notary Public. Correct—Attest: JAMES M. FLATHER, Jr., $400.000.00 . J. BEL 400,000.00 HOWARD MORAN, . SPINWALL, W. 8. CORF CLARENCE F WILLIAM W M. G. GIBBES, JOHN F. WILKINS, G. PERCY McGLUE, nd i urer and dv First and second trust notes 6,000.00 secured on income produc- 2 ing Washington real estate. Money available for first mortgages and construc- tion loans in any amounts. Resources Over $2,500,000 REAL ESTATE MORTGAGE & GUARANTY CORPORATION 26 Jackson Place L. E. Breuninger, President. GREEN, ™. J. JAN BA, . PHILIP HERRMANN, HARRY K. BOSS, GEO. W, BROWN 17 35,147.51 A. SPALDING, . Reserved for taxes, interest, etc., Circulating notes outstanding . . Amount due to Federal Reserve Ban 23. Amounts due to national bank ‘Amount due to State banks, banker the United States and inmh.n c cluded in item: ¢ sertified checks outstanding Cashier’s checks outstanding ¥ ‘OR“O!L\\' THOM, Directors, mpanies in than in- nd trust c g (other »lwune . 31,043, 1.161.670.74 285.000.00 1.492.697 nd 2! Demand depc wnk deposits) subject to re serve (deposits pavable within 30 daysy osits subject to check . Certificates posit due in less than 3 for money borrowed) . 4 . Dividends unpaid .. Total of demind deposits (other to reserve, items 27, 28 and 31 Time deposits subject to reserve (pa subject to 30 days’ or more notice, and mstal saving: Certificates of deposit (other | than for money borrowed) Other time deposits .. : s Total of time dep APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the Distriot of Columbia and adjacent Suburbe tn Montgomery County, Md 5: % INTEREST Main 283,004.2: 110,187 He & s the successful Business Man at 50. He demands the best of everything. He can afford to wear the best clothes and to drive a good car. He insists on the finest—in everything with which he is identified. That he is able to de- is simply that he has always used mediums as B85 ‘and " draits tincluding eral Reserve Bank) lo. v or __town of reporting hank . Other assets, if any..... Total. . " LIABILITIES, Capital stock de .. . Surplus fund. . a Undavided profits.. . e Lo cuirent pense Assets Over $700,000 733 12th Street N.W. Melvin C. Hazen, President Floyd E. Davis, Treasurer Clarence 1. Gessford, Secretary hinkte D. C. e JkA“S" A. hOPhR cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. JAMES A. ~0PFR x Cashier. Subseribed to and sworn to before me this 16th day of April, 6. 1EL A D. REED, \oldr) Public. . $1,000.000.00 © 721000,000.00 T R ok 141.464.55 First Trust Money |, J&w saziom ON HAND R T —Auvailable for Both it ieny e Llen Building Loans and Completed Properties countries (other includedtn item. 2 fied ch ut Reasonable Interest and Commission JAMES F. SHEA 643 Louisiana Ave. N.W. H. R. \I)RTO\’ a HENRY T. OFF" 'n.xm\r. R, ‘.flpplr to H. L. RUST COMPANY LOAN CORRESPONDENT She PRUDENTIAL INSURANCE COMPANY ¢r AMERICA 912 15th Street N. W. Main 6888 mand t Dependable A. 8. GATLEY, JOHN W. BRAWNER, Safe jhan d- REPORT 01" ’I‘HF (‘ONDITIOV NATIONAL BANK OF WASHINGTON At Washington, in the District of Columbia, at the close of business cn April 12, 1926, 102.892.48 20.596.60 11.166.82 Remunerative As First Mortgage Notes —secured by improved real estate in the Nation’s Capital. s 26, . $540.915 95 ieposits " (other bank _deposits) subject to_reserve (de- posits pavable within Individial deposits ject to_ chec 9.977. . Certificates nf d-ml‘unfldu 1. Loans and discounts. .. Couer e 2. Overdrafts, unsecured. borrowed) . . . - g 4. U. S. Government securities owned: - Qividendeiuseaiit oo cl a Deposited to secure circulation (1. (other ‘than bunk de- par value). L 3 b All other Unite 2 (including premiums, if any) sub- M to Lo i [T A — oney to Loan 99914407 713, 715 and 717 14th St. Time eposits sublect 10 R — (payable after days, or subject to 30 days or more. notice, and postal sa: I . Cerufltllel VOIher H‘dh.“ for muney . Other time de Total of time :Fnuu 3,099,144.07 272,896.00 5217,500.00 178,344.85 645,239.98 58,494.66 692,269.77 Total . Other bonds, stocks, securities . Banking house, $445,000: furniture and flxmres, 38! . Real estate owned other than banking house . Lawful reserve with Federal Reserve Bank. " Ttems with Federal Reserve Bank in process of collection 10, Cash in vault and amount due from national banks. . 11. Amoant due from State banks, bankers and trust companies It 1 hecki in the United States (other than included 9 and 10), ravelers’ checks or ¢ 12. hanges for clearing house. . i Rl 13. f::(‘ks gon other banks in the same bank (other than item 12)...... Total of items 9, 10, 11, 12 and 13 14. Miscellaneous cash items 15. Redemption fund with Treasurer Other assets, A Portion of Every Investment Holding TRST mortgage bonds, sinking fund or serial, underwritten by S. W. STRAUS & CO. deserve to form a portion of every investment holding, especially of institu- tions and large individual investors, be- cause of — Their inherent soundness, their attractive yield —5.75 to 6.25% at present—their diversification, and their favorable market posi- tion. Many issues are legal for trust funds in New York and other states. Straus Bonds form a class of securities of proven merit that should be included in every well diversified investment account. Call or write for BOOKLET 762-G on —desirable improved 8533358 real estate located in the Nation’s Capital. Sirwon & i) 713, 715 & 717 14th St. 3.7 in items 8, Interest Paid Regularly Principal Repaid Promptly for 53 Years HE history of the first mortgage investments sold by The F. H. Smith Company may be told in a few words: Since 1873, when this company was found- ed, interest has been paid regularly, and every cent of maturing principal has been repaid promptly when due. Behind Smith Bonds there is now a record of no Ioss to any investor in 53 years. As a result of this long record of proven safety, confidence in Smith Bonds is world-wide. They are owned now by investors in 48 states, and in 33 countries and territories abroad. Current offerings of our First Mortgage Bonds, paying 7%, are available in $1,000, $500 and $100 denominations, and in maturities from 2 years to 10 years. For further particulars, send your name and address on the form below. THE F. H.SMITH CoO. Founded 1873 SMITH BUILDING 815 15th Street NW. Main 6464 Boston—Albany—New York—Philadelphia—TPittsburgh—Minneapolis 3,471.14 R. above-named hmk a5 a?kmnly swear that the abov tement 13 true to the best of ki ledge d_ belie my ERoviedis “SHXRLES B. GRANT. asurer. Subseribed and sworn to before me this 10th day of Avril. 1928, 50,000.00 16. ‘it ‘any 15,758.50 LIABILITIES. . $1,050,000.00 Correct—Attest 900,000.00 17. Capital stock paid in 18. Surplus fund .. 19. a Undivided profit: ¢ Less current expenses paid S Money !o Loan 1 trust on real estata mnmn ) co MNJ.QI! 90,635.44 15,000.00 1,000,000.00 92,095.60 18,614.08 - Secnred by o .hneph‘i 8 . Reserved for taxes . Circulating notes outstanding. Amount due to Federal Reserve Bank (deferred credits) Amount due to national banks i " Amount due to State banks, bankers and trust companies in the United States and foreign countrles (other than included in items 22 or 23) 25, Certified checks outstanding. . Cashier's checks outstanding Total of items 22, 23, 24, 25 and 2 $ Demand deposits (other than bank depuslls) subject to reserve (deposits payable within 30 days): Individual deposits subject t0 CHECK. ... .. .cureeeveiiiinis.n than 30 daya (other than for e bttt 14,484.22 8,651.02 30,547.78 6'2% SAFETY and SERVICE —are the three outstanding inducements our FIRST MORTGAGE NOTES —offer the discriminating in- vestor, As an accommodation to our investing clients we, upon request, frequently redeem at face value notes purchased through us. A small part of our safety and_service policy, but un- doubtedly contributing large- ly to the constantly growing list of investors in our FIRST MORTGAGE 6,188,365.80 5,500.00 39,608.60 27, 28, Certificates of deposit due in les money borrowed). .. 32, Other demand deposits. Total of demand depo: posits) subject to reserve, items "1 28and 32 ,233,474.40 Time deposits subject to reserve (payable afte: 30 days or subject to 30 days or more nonce. and postal uvlng! 35. Other time deposits. . 36. Postal savings deposits . . Total of ume deposits subject to reserve, ftems 35 and 3 .$3,646,280.62 41. Bills payable (including all obiigations representing money borrowed, other than rediscounts). 46. Liabilities other than those ahove stat: . Re pubhc of Finland 7% Bonds—due 1950 Direct obligation of the Republic payable in United States gold coin The soundness of these Bonds is evidenced by the strong position of the Government finances and by Fin- land’s favorable eco- nomic status. 3,562,883.58 83,397.04 The Straus Hallmark on a bond stamps it at once as the premier real estate security. S.W.STRAUS & CO. mrasusmzp 1882 < 929 FIFTEENTH STREET 400,000.00 6,662.11 Total +...$12,606,335.27 City of Washington, District of Columblfl. 1, J. FRANK WHITE, cashler of the above-named bank, do solemnly swear that the above statement is true to the be-t of my knowledge and belief. FRANK WHITE, Cashier. Subscribed and sworn to before me this 196 day of April, 1926. EVERETT H. PARSLEY, Notary Public. JOHN SCRIVENER, ( Correct—Attest: CLARENCE F. NORMENT, SECURITIES Send for Booklet Chas. D. Sager 924 14th Street N.W. Main 36 Price to yield about 7.20% Circular on request The National City Company Washington—T741 15th St. N.W. Telephone—Maim 3176 GEORGE L. STARKEY, JAMES TRIMBLE, GEO. P. SACKS, G. W. FORSBERG, MAURICE F. FLYNN, JOHN M. BEAVERS, E. C. BRANDENBURG, MAX FISCHER, HENRY N. BRAWNER, Jr. JOHN G. MEINBERG, MARK LANSBURGH, JOHN ED. CAMMACK, ‘WRISLEY BROWN, MORRIS E. MARLOW, ‘W. CLARENCE MILLER, ODELL 8, SMITH, L Directors. Telephone Main 5847 WASHINGTON 44 Years Without Loss to Any Investor NO LOSS TO ANY INVESTOR IN 53 YEARS 14 R