Evening Star Newspaper, March 9, 1927, Page 15

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-FINANCIAL. LITTLE AFFECTS PROGRESS OF AUTO Praise and Blame Fail to Check Advance—Refine- ments Are Expected. BY J. C. DOY Bpecial Dispatch to The Star. NEW YORK, March 9.—Praise and blame for many of the ills that man is heir to fall alike upon the automobile dally; but neither appears materially dite or check its progress. O R berhaps matural to have Wil- Jam R. Angell, executive vice presi- dent of the Continental Motors Cor- poration, declare that in the last decade the automobile has written a chapter in history which has no equal. But it certainly is somewhat unusual ve the rector of one of the largest Episcopal hes in Philadelphia wrge hix parishioners to buy automo- Dbilex to help the attendance problem of the older city churches. “I am one of those who believe,”” Mr. Angell said, “t Judged by th standards which will“exist 10" years from now, the automobile of today will apy A% out of date and inefficient as those of 20 years ago appear to us now. Radical changes and betterments in the near future will be for the most part in engines, but will also have to dn with spring suspension, lightness, fnterior and exterior finigh, color, and many other featur conducive to low cost of operation, luxury, comfort and speed. . Gas Engine Still Crude, ux engine is still ernde Judged by trae engineer “The inetlicien standards. still is the wondey of this industrial age. It is destined for development which will make it lighter, simpler of construction, move fHexible and of longer life. “As the growth of the automobile business has been the most potent fac- tor in the industrial and social life of ‘the present generation. so the growth and development of the gas engine is destined to he the greatest factor in| the lives of the rising generation.” "Toop, rector of Holy opal Church il has urged all his flock h\lng at a distance from the church an_afford it to buy an automo- “come to church, the church old and abiding love.” He promises to engage a man to. watch such automobiles during the service, 80 they will be safe. “It is commonplace,” he continued, “to say that the automobile has co pletely changed our civilization. Fo one thing, it has made it possible every one who could afford one to liv outside the crowded zones of the cities. This confuses the already confused matter of parish houndaries. Ideally & parish in a city is supposed to min- ister to its neighborhood. Practically this is impossible. Many people retain their affection for their old church al- though they move from its neighbor- hood. The sensible thing, as 1 see it, for one set upon keeping the old church membership, is to buy an auto- mobile and come to the old church.” Banks Saved by Cars. There is no question, according to reports today from Florida, that the two West Palm Beach banks which survived Tuesday's runs were saved for that day by the motor cars which carried $2,000,000 in cash to them from Miami. None of the West Palm Beach " Statement n( the Con NATIONAL “I'RF’I‘\' GOMPANY he 26, ux Corumbia and August 5 10.000.000.00 é. i -mdf % ‘1., 060.000.00 ASSETS. ash in office 'ash in back Real esta te > 8.010:80 Real estate mnrll’llel \finxl 231.118.51 ollateral loans | Total assets LIABILITIES. Net unpaid claims . E-mw as required by einaurance premiums Saiaries, rent. expenses. taxes. ole. ‘om: brokerage. el m. xh\ldvud- Temainiog un- Dital tP'other Jiabi ary ....1 nun s Aesimed 020 " HE Subseribed and_sworn unu of February, 1927 M. O'DON. Notary Public for Kings Co., My commission expires Ma | Caital stock, paid 1 banks is a national bank and none is a member of the Federal Reserve Sy tem. They can therefore expect no ald from that so But the Fed- eral Reserve Bank of the sixth dis- trict, at Atlanta, already made full ‘preparations’ for a dash to the rescue of any member of the system in Florida which may be threatened. The closing of the First Bank and | Xchange the stock on the basis of 2d the | One share for two of Replogle. Un- st Co. followed failure | Profitable assets will be written down. of Palm Beach n Bank and Trust pending reorgunization. he last named claims it §s solvent and will reopen after ad Its deposits are placed at 2,787, year ago, it is said, they were § 500,000. " Its paper could not liquidated as fast as withd been made. General business depression follow- ing a drop in real estate values, up heaval ‘in Palm Beach politics and failure of tourist business to meet expectations are blamed for ' the banks' troubles. CAR LOADINGS GAIN Increase of 10,015 Over Same Week Last Year Reported. Toadings of revenue freight for the week ended February 26 totaled 923, g ase of 10,914 8 corvesponding week last American Rallway Associa nced today eek amounted 7 cars, an increase of 21,489 me week in 1926; grain and grain products, 44,096 cars, an in- crease of 4,303. A Fool and His Money. Tne fact that a stock certificate is printed in fancy green Sscrollwork ls no proof that it {s worth any more than ordinary wall paper. Thousands of people in Washington would have saved their money if they simply had asked their banker to tell them what he knew of some supposedly wonder- | ful investment. But hperfect as it is, it | STATEMENT OF THF CONDITION GLE l'\I)l '\I\Il\ CO. OF NEW YORK 318t dar of December. 1026 as under the District of Columbia e gjmended June 30.” 1902, and” August | Capital stock. 000.00 :000.00 Cash in office Cash in bank. . Stocks and bo value) .. Premiums “uncoliec hands of agents Interest due and u All other assets. . $5.844 .30 375.672.00 3.669.010.00 Total assets Net unpaid_clai 4 Reserve as required by faw. .. 1 Salaries. Tents, expenses. taxe Commissians. broKerake, ‘et Capital stock . THE EVENING VOTE ON NEW COMPANY. NEW YORK, March 9 (). —Stock- holders of Replogle Steel will vote March 29 on the proposed formation of a new company to be known as Warren Foundry & Pipe Corporation of Delaware, which will buy the assets of the Replogle company and Money to Loan red anb’nn Joseph I. ldfld {_trust on re: % and co mimission HOME OWNERS reduced the price a gallon throughout its territory. The LOANS P to $300 within one day. 6% |nlmt d brokerag KEROSENE REDUCED. 4 S i E tape. ‘take 2nd, 3rd or m. NEW YORK, March 9 (#).—The thi. Beinan t rdard Oil Co. of New Jersey has have’ to, vour propertr. Fr. 881 of kerosene 1 cent al Estate Small Loan C. District National Bank Bld; Mortgage Money Loaned at 5% to 6% Economic_Conditions Tyler & Rutherford Loan Correspondent Mutual Benefit Life 1520 K Street ~~ Main 475 = FirstMortgage Bonds Marlow-Beech Corporation 1615 Conn. Ave. Pot. 6167 Provnden! Mutual Llfe Insurance Company Funds to Loan In Small or Large Amounts at 513 Per Cent. WM. H. SAUNDERS CO., Inc. Kenltors 1433 K St. N.W. _ Prompt Actton. | on Improved Real Estate in the Nation’s Capital. Applications confiden- Prompt service. Fi irst Mortgage Loam ‘ Lowest Rates of Interest and Commission. Thomas J. Fisher & Company, Inc. ! 738 15th Street. Aercan Teepione Avp Tevesmen Company BELL SYSTEM [ 150th Dividend | The regular quarterly dividend | of Two Dollars ‘and Twenty-Five ; Cents ($2.25) per share will be paid tial. on April 15, 1927, to stockholders of record at the close of by March 15, 1927. 1o Interest Rates 51% and 69 H. BLAIR-SM ITH Treasurer. WE PAY MORE lNTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain . ’ Commercial Nat'| Bank 14th and G Streets Resources $17,000,000 R GOLDEN DONALDSON. PRESIDENT \ SHANNON & LUCH S] 1435 K Street N.W. Main 2345 We Will Sell the Following| First Mortgage Real Estate Bonds Total liabi Characte: ) Kings Coun 80" k ‘Rexi ew_ York Couty Clerkn Mo, 08 Term exvires March M. '\Rl\lv I\\LR»\\(,F, CO. of Providence, R. I. m fllé 1|ul dl)ixflfll:flv! c;b"]r. 1926, as he o ’lll’lwndl'd .hme 30. 1902, alrld :Tl?l‘l'llcn;‘; Capital stock. ...~ 1.000.000.00 Capital stock. paid #1:005:000:01 Cash in bank. Real ‘" ¥ 3.500.00 (market . 4.500.742.00 352.581.02 50.374.75 Commissions. “hrokerage, s 4:200.00 Capital ~stock . . 1.000.000.00 Al other liabili on mortxages coilected in advance Total liabilities Character. bu K au the vear 1921 Hihtuing. tornado, hall, Fire, earthquake. profita and commissions. inkeep: " | ere Ciimbiliiy. marine. automobile. sprinkler leakage. war risk. explosion. rents. lease- | hold. parcel post. tourist | foat o 56 1“0 kiox. g ity creta; B L0 before me this A927 M. LEROY GOFF 610 Woodward Bldx shington. D. 1 B Statement of the Condition of the AMERICAN UNION INSURANCE COMPANY OF NEW YORK on she 31st day of December, 1926, as required under the District of Columbia Code, August 18, 1911, Capital stock Capital stock, paid up, in cash amended June 30, 1902, and $500,000.00 500,000.00 ASS Cashedn hank Real estate mortgages (first lien) Stocks and honds (market value) Premiums uncollected and in hands of agents Interest due¢ and accrued Al other assets: ations Recoverable for reinsurance on paid losses Total assets...........e..0 Net unpaid claims. . leserve as required by law Salaries, rents, expenses, taxes, Commiissions, brokerage, ete Capital stock All ather liabilities Estimated expenses of investig Total liabilities Deporits with LIABILITIES, Reserve for undetermined liabilities it e 171.277.05 il S 20.367.9 Underwriters' Associ- . . 150.00 137.06 $1,747,821.82 $20,397.00 329.450.55 ete ”X)O(lv 500.000.00 2.750.00 and adjustment of G LS 439.00 o < iomahis vy ORI IGRG5H Character of business transacted durng the vear 1920: Fire, tornudo, antomobile, hail, sprinkler leakage, earthquake, riot and civil commotion and explosion Amount of risk assumed during the vear 1920 $167.624.907 00 Losses sustained during the vear 1926... ... 36.77 Maoney received during the vear 1926 Expended during the year 1926 A. CARUTH, Secretary. S") 195.05 187,821.33 J. H. VREELAND, President. Subscribed and sworn to before me this 7th day oi Febru ary, 1927, (Seal)) WALTER F. ELME Notary Public. 4—$500 Avenue U Pos- tal Stations, Inc., 6%, 97 Apply The Acid Test To Straus Bonds PPLY the acid test— prompt payment in bad times as well as good || — to Straus Bonds. They meet this test, because they always have promptly paid, both prin- cipal and interest. Inves- tigate these sound first mortgage bonds, yielding up to 6 BOOKLET 462-G 4—$500 Crestshire Apt. Bldg., 6% %, @...97 7—$500 Montague-Court Office Bldg., 6%%, 2—$500 3618 Conn. Ave. Apt. Bldg, 61,7, @ 1—$1,000 Westchester Biltmore, 6%, @ . .96 1—$1,000 Walker Hotel, 7%, @ 4—%$500 City Invest- ment Corp.,, 6%%, . Call or write for I @ e 97 2—$100 Morru lerltz, 7%, @ .. ...97 4——5100 Furcrafl Build- ing, 612%, @ | INTERNATIONAL BANK 807 15th St. N.W, Washington, D. C. Phone Main 864 Incorpersted Investment Bonds 929 Fifteenth Street Telephone Main 5847 WASHINGTON 45 Years Without Loss to Any Investor Equitable Co-Operative Building Ass’n JOHN JOV EDSON. President WALTER & PRATT. Jr. Secretary Organized 1879 h YEAR COMPLETED Assets A8 Surplue Slllncnptlon; for the 92nd Issue of Stock Bemg Received Start Today Saving Systematically Whether you are saving for a house or to complete vour children’s education, yvou'll find the Equi- table’s systematic sav- ing plan a valuable aid to accumulate money. Just a small por- tion of your salary deposited regularly will in time grow to a substantial s um. Start now and stick ..$1.446 88104 NV INVESTMENT LOSSES CAN BE EASILY AVOIDED Sound investment is a matter of sound thinking. Two factors govern the soundness of your selection: i safety and Income cer 9 A Third 6% FIRST MORTGAGES of a 4 —vour surplus funds are pro- tected by improved local real estate conservatively appraised at about twice the amount of our mortgage on it. The return you realize is definitely regular, F. SAUL CO. 925 15th St. NW. Century IWithout a Laoss B. Main 2100 THERE 1S5 .NO FOR . SAFETY . L d 3rd Trusts Thediate action: | ‘ | | REAL ESTATE LOANS BUSINESS, APARTMENT, CHURCH. 1010 Vermont A STAR, WASHINGTON, D. €, WEDNESDAY, MARCH 9, 19 WRIGHT SLADE & C0. i Real Estate -Fi;;nced d Regtdential Loans on 2nd| asoD; abie:zasce: Members New York Stook change—X offee & 9 z"‘f.‘.’::_mr:}'o o of THE MAYFLOWER HO'I'E]. WASHINGTON, D. C. Telephone Main 1581 PEOPLES FINANCE CO. £ other houses atopping in W o e Tavtied to avall them: scives of our facilities. HOTEL, THEATER, RESIDENCE AND GARAGE PROPERTY. CONSTRUCTION LOANS. FRED T. NESBIT Main 9392 Main Ofce 71 Broadway. New York. The People of the U.S. Own Washington They are constantly safeguarding values in the Cap by advancing (iovernmental Enterprise and erecting Government Shrines and Edifices. Improved Real Estate in Washington secures our First Mort- gage Notes. This is a prime factor in their Safety. Allow us to profitably aid you in the selection of your mext I[mvestments. E yHANNON - &-LUCHS Leasing Specialists Another Evidence of Recognition of Service Rendered This firm is now Exclusive Leasing Aéent for all Piggly-Wiggly Com- -pany Stores in Washington Let our Chain Store Leasing Department serve you | WEAERSR0S Chain Store Leasing Deft. 809 15th Street N.W. Main- 9486 LLFE INSURANCE COMPANY' OF BOSTON, MASSACHUSLTTS Yo LOANS % No Appraised Charges No Fees for Settlement Prompt action on houses, apartments and business properties in the D. C. and nearby Maryland. LOAN DEPARTMENT W. L. King, Manager BO SSAPHE| PS 1417 K StreeIAAMam 9300 REAL ESTATE "~ LOANS On Improved Property Monthly Payment Loans Stralght Three-Year Loans Lowest Interest Rates Satisfactory Terms CONSULT Real Estate Department M]E]RJICAN SECURIT UST.__COMP2A 15th and Penna. Ave. N.W. BRANCHES Southwest— 7th and E Sts. S.W. Northwest— 1140 15th St. N.W. Central— 7th and Mass. Ave. N.W. Northeast— 8th and H Sts. N.E. Over Thirty-eight Years' FINANCIATL. The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your 5% Avply Home Office Building Apartment Business Property Raxpary. H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Harriman & Company TRINTTY BUILDING, 111 Broadway, NEW YORK MEMBERS NEW‘ YORK STOCK EXCHANGE TRANSAOT A GENERAL BROKERAGE AND 8TOCK EXCHANGE BUSINESS WASHINGTON OFFICE 729 15th Street N.-W. Telephone: Main 1603 ! BUSINESS PROPERTY LOANS We specialize in placing First Mortgage loans on business properties, office buildings and apart- ment houses, together with large construction loans. 4 The interest rates are low and our commission charges reasonable. Come in and talk with us regarding your re- quirements. W. H. WEST COMPANY 916 15th Street Main 9900 BARNSDALL CORPORATION CIRCULAR UPON REQUEST E. A. PIERCE & CO. Successors to A. A. Housman-Gwathmey & Co. Members New York Stock Exchange 11 WALL STREET TRANSPORTATION BLDG. NEW YORK WASHINGTON Your Money Earns % —when invested in the preferred stock of this corporation ERLE is an Investment-Savings I'lan that answers the insistent demand of the person of small or large means to receive adul\ ate return on a sound investment. Each share of Prmerrcd _\n.d\- pays you full 8% per annum, in 2% quarterly Di ds. You need not pay the purchase price of $25 per share in full at the time of your purchase of stock Our extended payment plin cumbines conven- ience with the established (-unmu worth of vour investment. Full 8% interest is paid on your pay- ments, in multiples of $25, from the day of receipt. You are offered the absolute protection of defi- nitely desirable real estate mortgages on properties carefully appraised for your security, You are offered the unusual nppnr(umlv of re- deeming your stock at any time after one year's ownership. 3 Write or Phone for Leaflet— “More Per Cent and More Per Dollar” THE FINANCE AND INVESTMENT CORPORATION 927 15th St. N.W. ‘Main 2455 Philip Herman, Clarence’ C. Weidemann, President Secretary

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