The Seattle Star Newspaper, June 2, 1925, Page 4

PAGE 4 eee] NEW NATION OF\BANKERS MEETIELECT HEADS OF Feed Your Roses A bed of roses should be the dominating feature of your yard, and to procure roses that excell in beauty “Samuel Says in Lecture |: fe Fr sel ed of form, magnificence of coloring, and fragrance of Olymplo Hotel, June 4-4 bloom, it is necessary to furnish plant food to the bush cate > 4 Pron ' from in ample quantitica jLLY’s MORCROP | <= Thk JEWS REALIZED Prominent Men to At Conclave Here June Plan of Years Now Success, : teat a Justice D A COMPLETE FERTILIZER | s Yen ¢ : x art of Bri h ples of pham, president f r ty of Idaho, and Those roses that you admire for the waxy green : ; . former governor of K 4 appearance of the leaves, the strong, healthy growth : « at if the work among the visitors, : of the stalks, and the blooms that are beautiful in stepped: now, it would be wigs Phone MA in Mean club met the Orient Miss Myrtle Noble gave two plano] 4a y numbers. A motion was passed that women, salute on fitting otcasions, American flag. Minister—We! | | | G. O. P. Club Wants |Inspect Shipping Women to Salute The Women’s King County Repub-| capt at Meves' Monday noon. The principal speaker, | ation, a ‘was Miss Ida K. Greenlee, who has Just returned from three years in| reay, Minister's Wife—Wake up! There | . burglars in the house. } what of it? New York, June 2, 1985. Board Property Asa F. Davidson, vice preal cafeteria | dent of the emergency fleet corpor pt. R. D. Gatewood, hief, mai are to 1 properties in Seatt! nance and Fr bu Ik DEPEND UPON~ 1 Dr. Caldwe rf = SYRUP PE THE FAMILY LAXATIVE | Harry Y. Saint, chairman of the stevec of § committe the | is looking over the Seatt He says he ts merely fa himself with the s | them find out t Let | selv l : tend 4 Hutchison “Is roe} Opens Portland Office At the meeting Jent, fall D and Mac aneas, ce. presidents color and abundance, are the roses that have been well te as had a varied care Brewery Brews; So seek ttte fed, and ANYONE can obtain the same results by a fs To jue se Bara It’s Fined $10,000 ee tke 7 liberal application of MORCROP fertilizer. Stonday night at ‘Temple ¢ deck tga’ Werner, aman ae een MORCROP fertilizer should be applied to the ff | *!s¢ funds to carry on the work in) Uilmalivck iton’ remery, | whiol oy 0 i rose bed at once at the rate of 2 Ibs. to every for the East Perey) ade regis on aoc bakape ye bash, and spaded in. A second application should tion law, was fined $10,000 in federal | city sbortly be made late in the summer Woman Backs Auto |»! tos recently 4 to insure continuous blooming Into Boy; Leg Hurt} na injurea nis tos Monday afier-|take charge there throughout the season. } While driving away from the curb! noon Mr. Hutohinsc itt J at Mra, Welsfield told affic officers irs, Leo| that she did not kr o1iaAR ected pres and Ker M. Wil Devers, K, D. Stuart ~-Photo by Mushet for the Western AD AGENCY President; of the board Wente Age B.N, Hutchinson Photo by Grady Mr, Wilkins recently director of advertising for until Portland, will nan been m Mr, Stuart ts well known thru out the Bast and Pacific having on the Coast, been connected with several of the prominent m et ropolitan © dailies He has for the past 11 years been ac tively engaged in the production of copy and art, and wif direct that produetion | agency. He ts a former Seattle resi- | dent. A CATASTROPHE Ste! Fell in jo There was a young lady named ith a bow-legged fella This risky young chap Let her sit on his lap, And she fell right thru to the cella. Sour Owl $45,000,000 Government of the Argentine Nation EXTERNAL SINKING FUND 6% GOLD BONDS ISSUE OF JUNE 1, 1925 Dated June 1, 1925 Interest payable June 1 and December 1 Redeemable through the operation of « cumulative Sinking Fund of 1% per annum, calculated to be sufficient to of this fasue not later than June 1, 1959. Coupon Bonds in denominations of $1,000 and 3500, regiaterable as to principal only. Due June 1, 1959 retire the Bonds Principal and interest payable in United States gold coin of the present standard of weight and fineness, tn New York City at the offices either of J. P. Morgan & Co. or of The National City Bank of New ¥ Agents for the Bonds of the Issue of June 1, 1925, without deduction for any Argentine present or future. The following statement (in which all figures originally stated in Argentine currency have b tnto United States dollars at par of exchange for the gold peso or paper peso, as the case may authorized by Felipe A. Espil, Esq., Charge d'Affaires of the Government of the Argenti Washington, D. C. ‘ OBLIGATION ork, Fiscal taxes, can converted be) has been ne Nation at These Bonds are to be direct external obligations of the Argentine Government. The Government till covenant that if, while any of these Bonds remain outstanding, it shall create or issue or guarantee in accordance with the Argentine Constitution, any loan or bonds secured by lien on any of ita revenues or assets, the Bonds of this issue shall be secured equally and ratably with such other loan or bonds or such guaranty. PURPOSE The Argentine Government has outstanding $35,000,000 of dollar Treasury Notes payable during the current year. Of such Notes, $20,000,000 were issued in anticipation of the sale of these Bonds and will be retired by the proceeds thereof, the remaining $15,000,000 being dealt with under other powers of the Finance Minis- try. The proceeds of the issue in excess of the amount required to retire the $20,000,000 maturing notes will be used to repay foating debt of the Argentine Government as provided for by Laws 11206 and 11267 which govern this issue. SINKING FUND The Government will covenant to pay to the Fiscal Agents as a Sinking Fund, beginning December 1, 1925, and thereafter semi-annually on June 1 and December 1, in each year, an amount equal to one- half of 1% of the maximum principal amount of Bonds of the Issue of June 1, 1925 at any time theretofore issued plus an amount equal to the accrued and unpald interest on all Bonds previously acquired through the operation of the Sink- ing Fund. Such Sinking Fund payments (which may be increased by the Executive Power if considered advisable) are to be applied to the purchase of Bonds below par through tenders, or, if not s0 obtainable, to the redemption of Bonds, called by lot, at par. GOVERNMENT The total debt of the Argentine Government as of December 31, 1924, amounted to about $9: DEBT AND ASSETS: 135,000 000, or the equivalent of about $93.50 per capita, as compared with the national wealth, according to the census of 1914 (the latest official figures), of $14,543,000,000, or more than $1,450 per capita. Government owned properties (including revenue producing investments of $530,000,000) had a total value in 1914, according to the #ame census, of $1,125,000,000, or about $200,000,000 more than the total government debt now outstanding. GOLD RESERVE A gold reserve of $463,000,000 is held against the note circulation (equivalent to $588,000,000) in a reserve ratio of over 78%. GENERAL » resulting Argentina has an area considerably greater than that part of the United States east of the Mississippi River, and has an eatimated population of 10,000,000 persons, Agriculture and live-stock raising are the principal occupations of the country, which is one of the world's chief exporters of cereals, meat, hides, wool and linseed. The foreign trade of Argentina is greater than that of any other Latin American country. During the pas it few years its purchases from the United States have been larger than the combined purchases of the three next largest South American customers of the United States. The Argentine’s merchandise exports in 1924 were valued at $976,000,000, its imports at $800,000,000, resulting in a favorable trade balance of over $176,000,000. The improving Argentine trade balance during the past eighteen montha, has reaulted ina steady rise in value of the Argentine paper peso, which is now quoted in New York at about 95% of par. Measures have recently been taken to prepare the way for a complete restoration of the gold standard which existed in the Argentine prior to 1914, Application is to be made to list the above Bonds on the New York Stock Exchange. THE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO THE CONDITIONS STATED BELOW, AT 96% AND ACCRUED INTEREST, TO YIELD OVER 6.25% TO MATURITY, Subscription books will be opened at the ofloes of J.P. Morgan § Co. at 10 o'clock 4. M., Tuesday, June #, 1925, and will be closed in their discretion. The right is reserved to reject any and all application any case, to award a smaller amount than applied for. All subscriptions will be received subjec and delivery to us of the Bonds as planned. . The amounts due on allotments will be payable at. the office of J. P. Morgan & Co., in New their order, and the date of payment (on or about June 16, 1926 mn )) will be stated in the notices of allo porary Bonds, exchangeable for definitive Bonds when prepared, are to be delivered. J.P, MORGAN & CO. The above offering is confined to registered brok transacting a banking or trust company business within the State of Washington, As all of these bonds have been sold, this advertisement appears only as a matter of 4 TTI Pere Mu 8, and also, in t to the issue York funds to 2tment, Tem- THE NATIONAL CITY COMPANY ers, national banks, and corporations ecord. | | | MecDouga I /outhwick. Extraordinary June Sale Women’s Silk Hose 1 Q5c © Full Fashioned and Semi-Vashioned Every Pair First Quality Log Cab Dark Belge French Gray Black Beaver Atmosphere Russia Calf Tan bark Braken CHOICE of wanted new shades in all sizes, 614 10 10%—but not all sizes in every color Extra Selling Space MacDougall-Bouthwt MAIN AISLE ATREET FLOOR June Sales Specials in ‘Sheeting—Sheets—Cases Seamless Sheets 1.50 Hemstitched Sheets Heavy re hen r 1 th 1x90 hems; size § Hemmed Sheets Seamless Sheets r dress 1.60 1.76 Semi-Made Sheets Tost glen: no, stereb ; Bleached Sheeting yard A B5e las Hemmed Sheets Pillow Cases Medium weight; #utt for . ou hi camping purposes; 2x36 inish, without cable sheet 265e | dressing; size MacDougall. Southwick BABEMENT FLOOR —} TRADE COUNCIL w. office in The Olympic jhe can be convention period. for the convention may go there, | state their problem, and be assigned an interview with one of the many prominent able fc Golden jubilee celebration in hon: | lor of Mother Sister hospital, and Mother John of Jesus, | of St. Mary's hospital, Walla Walla, | were held in Seattle Monday bishops, 20 priests and many lay-) men took part. Bishop O'Dea con: | ig ducted a pontifical high mass, Sis- | 4 0 39 50 : [ters from Pacific Northwest cities | : e * Up took part in tho servicer. | pear SAME | “Bo, I ail round with the bill | jon Wednesday | | “Yes—~ Wednesdays!’ — Meggen- to be held here J | W. Mitchell stated. A feature that 1s bringing many of that purpose, | For matters requiring government interpretation, will have | opinion of Uncle Sam's most expe- | rienced men | partment of commerce has selected | la delegation of 17 to represent the | bureau of foreign and domestic com | merece. || Catholics Hold ERYWHERE Glgantle | dorter unte, Washington, D. k a m, June 9, {vering canned pine- i, asbestos and hair felt, mag- ke and d pi K he Navy Apply for 20,000 in the Cast COMING TO THE STRAND n Trade ¢ no 24, 26 and der auspices of the Chamber } of Commerce, | be W. W. hell, export anager of tha} Pacific Sanitary | Manu facturing Co, San Fran cisco, the cham ber announced Tuesday, | Mitchell talk on cred. co-operation in the group ses. | sion on foreign | trade credits, the announcement} ek. le for the conven ser service, A ary will hove an Hotel, where during the entire Those registered fond industrial leaders avail | convention delegates | recourse to the expert} The United States de- | Golden Jubilee | There are several reasons for this sale of Silk and Wool Frocks. When you see them, you will want several on our Liberal CREDIT TERMS. Vincent Ferrler and | Conrad, Providence } Mary Two DANCING hours, || MA in. 1604 4th at Pine “LEARN TO DAN In elans and privat nique and expression of the Dance te #0 thore are casily Diatinetion Dev CREDIT TERMS Ask About Them Special Suit Line Sale Price $14.95 All Ensemble Suits 25% Off CREDIT Beautiful Line of Seasonable Hats, $5.00 and up Our Men’s Dept. Men's Ready Tailored Suits... . Boys’ Suite ee cay oi $87.50 and up $9.75 and up MISS BRI work the tech- y taught that the dances rivate leno 1 ROLLER SKATES With Each Purchase of a Boys’ Suit or Overcoat A priva ART 0 7948 FREE! FREE! Open 10 to 10} Dr. M. C. Macy aun Blectrotherapy Hydrotherapy Dietetion Manual Manipu- to: Gynecolony Urinalysis Sanitation Druglons (No knife) D YEAR ERRYS COOD CLOTHES FOR. MEN,.\WOMEN anv BOYS 1015 Second Avenue Madison and Spring, Just Over in Whistle—Take Elevator Netw: