Evening Star Newspaper, August 26, 1931, Page 7

THE EVENING STAR, WASHINGTON, *D. C, WEDNESDAY AUGUST 26, 1931.’ n the last two years we have experienced in I this country probably one of the worst de- " pressions known and yet it is proven that one of the few industries that has not suffered to any great extent is the motion picture busi- ness, and in Washington less than any other place, since the District of Columbia is naturally nearly depression-proof because of the fact that it is the seat of our Federal Government. The romance of the motion ‘picture business has generally been one of great interest; it is very fascinating and has grown by leaps and bounds far beyond any one’s fondest expectations. Start- ° ing as somewhat of a novelty and rather a sea- sonal business, today it has become a part of the daily life of millions of people and has changed from a seasonal to an all-the-year- round business, due to the latest inventions of cooling systems which make the theatre just as comfortable in the Summer as it is in the Winter and which increases the profits to a great extent. Picture at Ieft isa phofaymfluc reproduc- tion,of architect’s sketch ef-the first of the new Crandall thain of moving picture theaires, to be known as Crandall's Uptown Theatre, _with a :eatmg capactty of 2,500, located on Connecticut a cuue at :Ordway street north- west. J Opportumty Knocks Once ‘More— ROMANCE started 24 years ago, in the year 1907, when Mr. @ @1In 1925 Mr. Crandall signed @ contract that did not allow him to go Harry Crandall opened a moving picture theatre at Fourth pack intq the motion picture business until October, 1931, and now the man who ) and East Gapitol Streets, in a former grocery store, seating . p,i4e such a success and who made hundreds of thousands of dollars for his 86 people. *Beli P . - or ]P:szpaenov:hl;,wai a((:rta:ed:l‘ln;l:;:;e:‘:fb::lme:;:x:: "::r: stockholders is about ready to re-enter the field with a chain of modern, up-to- handsome profit. He soon realized his mistake and 3 years date motion picture houses. after the opening announcement of his first venture, started s an open-air theatre at North Capitol and New York Avenue, .. Mnn'y P;"pk w;io.bougl;t l.n on. t'h:]g?ound Hote 'hm’.u.r.l(’?r.a‘nd:d'll - with a seating capacity of 250 people. started received several jtimes their original investment, $lus their dividends, due ' to the growth of the business, split-ups in stock, etc., and we feel that another @ @ After 3 years at this location, Mr. Crandall's star of destiny directed splendid "lu’l"'-“'“"“ifY_'i'~ presented to those "'h" '"m. to purchase stock in him to Ninth and E Streets, where he built the popular Crandall Theatre, and this company, which is just about ready to begin operations. with this, the first of Mr. Crandall’s year-round theatres, the romance really began so far as amazing profits are concerned. Out of this popular theatre, the Crandall Circuit grew. theatres being located in practically every section of Washington and surrounding districts. S S O @ @ The talking pictures brought many changes to the business, and by A e entering the field at this time, Mr. Crandall has the advantage of all the latest p and most modern equipment and can redlly and truthfully say that each house :me:c:" dgc;!;:r, olfg “;5‘ )‘fr't(i;‘at:?:u mergeg w’;h ;};e‘”s;;;;’z'a Cm::y :: built will be up-to-date in every respect, including the latest invention, namely, Ao ol e o 7 the talking motion picture, and from th€ standpoint of acoustics, will be the last realize that this fortune had its start with an investment of $5,000.00, you will . % : , : be quick to grasp the marvelous opportunity in the moving picture industry— word. Mr. Crandall’s first new enterprise will be located on Connecticut one of the youngest and fastest growing industries in the world. Avenue at Ordway Street Northwest. S S S Mr. Crandall has in mind other sites, but cannot announce them at this time, but those who buy stock now will participate in earnings of every house that follows, as there is to be only one company, namely, Crandall Theatres Corporation, A strictly local corp oration, WASHINGTON OWNED & OPERATED. In order to interest the Washington public in this enterprise, to the end that they may share in the opportunity now presented, the Crandall Theatre Corpo- ration is offering, subject to change without notice, blocks as follows: 5 shares 7 per cent cumulative preferred stock, par value $20.00, and 2 shares common stock, no par value, for $120.00. Terms if desired. CRANDALL THEATRES CORPORATION HARRY CRANDALL, President Organized Under the Laws of the State of Delaware \ AUTHORIZED CAPITAL : ' ; 40,000 Shares 79% Cumulative Preferred Stock, Par Value $20.00 b gt 40000 Shares Common Stock No Par Value capital stock of your corporation. Without obligation, please give me fur- NN The Preferred Stock Is Redeemable On and After December 31st, 1932 _at $22.00 Per Share 108 )0 00 0 ) 6 2