-Hli
f .
A4HII4JAf?4DS
a""'T"HM)
10 Million Dollars
Paid by The American Company
to its Policy Holders
It is not l?y chance but by an experience of over twenty-five years
that credit insurance has been developed into a simple, scientific
and inexpensive system whereby excessive losses by bad debts
are, equitably distributed to the benefit and satisfaction of man
ufacturers and jobbers. ,
Among the numerous houses that have from time to time been re
imbursed for losses when the unexpected came, are the following:
i
Durham Hosiery Mills,
Harry C. Michaels,
Pool & Kelly,
Lemon & Gale;
United Alloy Steel Corp.,
Electric Service Co.,
Curtis Publishing Co.,
Jacob Dold Packing Co.,
Goldsmith, Stern & Co.,
Alaska Refrigerator Mfg. Co.,
California Pine Box & Lbr. Co.,
Hamilton-Brown Shoe Co.,
Buffalo Union Furnace Co.,
York Card & Paper Co.,-Fricdman-BIau-Farber
Co.,
Seattle Hardware Co.,
Gordon & Ferguson,
iTaussig & Co.',
Arnold Shoe Co.,
Van Zandt, Jacobs & Co.,
Richmond Dry Goods Co.,
Russell Motor Axle Co.,
Durham, N. C, $11,771
New York City, 11,837
New York City, 23,466
Memphis, Tenn., 16,865
Canton, Ohio, . 15,479
Philadelphia, Pa., 16,499
Philadelphia, Pa., 34,133
Buffalo, N. Y., 43,576
New York City, 21,596
Muskegon, Mich., 5,543
San Francisco', Cal., 12,577
St. Louis, Mo., 6,347
Buffalo, N. Y., 29,314
York, Pa., 17,562
Cleveland, Ohio, 6,226
Seattle, Wash., 15,585
St. Paul, Minn., 20,183
Chicago, 111., 7,221
N. Abington, Mass., 19,559
Troy, N. Y., X 18,939
Richmond, Va., 5,127
Detroit, Mich., 12,558
Extract from report of New York Insurance Department.
"The finances of the (American) company are in excellent condition, its business is prop
erly conducted and its policy holders are receiving proper treatment."
Extract from Best's Insurance Reports.
"It (The American Co.) has a good reputation as regards claim settlements."
AMERICAN CREDIT-INDEMNITY C6.
of NEW YORK
E.M. TREAT, president
ISSUES STANDARD UNLIMITED POL.CIES
W. J. MORPHY, Manager
J. F. McFADDEN, General Agent
Mutual Life of N. Y. BIdg.
Phone Filbert 5503 Philadelphia, Pa.
An offering in blocks ( 2 Shares Preferred 1 (. fcQfif,
of three shares (1 Share Common UU
The Goodyear Tire & Rubber Company
bt Akron
In addition to doing approximately 20 of the automobile tire
business of the country, this company 'also is a very large pro
ducer of mechanical rubber goods, of shoe soles and rubberheels.
0
Every working day the Goodyear factories turn out almost
six miles of belting, plus five tons of packing, plus eleven miles
of hose.
The sales of these mechanical rubber goods are now running
80 higher than during the same .period of last year, due to a
constantly increasing industrial and agricultural demand.
This year's production of Neolin Soles will total 4,000,000
pairs, an'increa3e of 40 above last year's output; 191 shoe
manufacturers will place Neolin Soles on some 600 different
styles and types of shoes.
Compared with 5,500,000 pairs of rubber heels produced the
year before last and 12,000,000 pairs last year, the factory is
now working on a yearly basis of 38,000,000 pairs an in
crease of 215.
In twelve years both the business of the company and its total
net assets have increased more than one hundred times; earn
ings on outstanding common, after preferred dividends,
averaged 54 per annum.
Cash dividends of 12 annually have been paid on the com
mon stock and stock dividends have been paid as follows:
1908, 100; 1909, 100; 1911, 100; 1913, 20; 1915, 100t
1920, 150.
We are offering the unsold portion of $20,000,000 7 Cumu
lative Preferred and of $10,000,000 Common Stock in blocks
of three shares (2 Preferred and 1' Common) at $300 per block.
The above offering will cease with the close of business
July 15, 1920, unless sooner terminated by the sale of
this issue.
BORTON & BORTON MACKIE & CO.
Leader Bid?. Real Estate Trust BIdg.
Cleveland Philadelphia
REED A. MORGAN & CO.
West End Trust Bldff.
Philadelphia
Thelntotmmthn contained in this mdrertlment Is obtained from eouroM
we bellsre to be reliable although we do not tuarantee Its, aoouraay
MIIMIMtllliyipQljlJjjjMll
GIRARD TRUSTC0MPANY
.1.1.1 Csrnrf mm J C...f... m mam mmm
t'U I,' I """" MM- """" IU,VUU,VUU
':....
kAUl Pft'm K ,WU
THERE U no need of our
emphasizing the commercial
advantage or the convenience
of a Philadelphia bank account
carried In an Inttltutlon of
the reputation enjoyed by the
Clrard Tru.t Company. ,Vo
Invite Investigation of our
facilities for banking by mall.
DROAD U CHESTNUT ST3.
Philadelphia
Chartered JB36 .
WiiWDL.iijiiJiijjiiiiJiwwmiiw
ffl.l.TllM
v
Edward G. Budd Mfg. Co.
lt Mtge. 6 Serial Bonds
To Yield 8
Favorable Tax Free Feature
REED A. MORGAN & CO.
WEST END TRUST BUILDING
Member of the Phlta. Stock Exch.
STOCK SALESMAN
We detlre the rvlc.e of a
hlh.
'i- - in. a.rvicv. ui m man
(rape man, or Investment house, to
.""?.' .,n HPoslnof our preferred
(tOCk ISSU.l ahnulil hit familiar l7i?
automobile stock.
A eu. ledoeb omen
GENERATIONNEEDED FINANCIAL EXPERTS
ITO RECLAIM EUROPE LIMIT CIRCULATION
John H. Mason, Returning From
Abroad, Tell3 of Optimism
of French Pooplo
John II. Mason, president of the Com
mercial tTmst To., has jimt returned
from an Extended trip In Europe. Ho
visited Franco, Ilclglum and Qrcat
Britain. What he noticed most is a
: spirit of optimism among tho pcoplo of
thoso countrcB affected by tho war. They
talk of overcoming the Rears left by tho
war In a year, ho Bald, nnd seem bo
doing Httfo toward tho work, but It la
teasy for any ono to neo they will need
a generation 10 complete wnac nicy ihik
about.
Among the financiers of all these
countries wlHi whom ho came In con
tact, and he met many of tho leading
ones, ho said he heard no talk of repu
diation of obligations unsunned an ac
count of tho war. They did talk of ex
tension of time and n renewal of tho
obligations till tlioy could meet them,
just ns every nation or business is com
pelled to do when rhiyinent on time is
nn utter Impossibility.
One thing that Impressed him was the
fact that In the French war area, to bo
distinguished from the devastated area,
.'13 1-8 per cent Is this year under culti
vation about lhe size of the state of
Maryland. Nature, he said, has cov
ered up many of tho enrtli scars, but
tlicro are-parts in the devastated area,
whoro the ground was churned Into' a
desolate waste; which can never bo re
claimed. Paris.' ho nays, is, If anything,
moro beautiful than ever and no ono
would imagine Mic ever suffered from
war. i
Tho pooplo accept the situation philo
sophical! and arc attending to business
as usual. lie did not sec any scarcity of
onmmndltles. oxcent mienr. which is re
stricted. Hotels In London and I'nris
nrn rrmvilod hcvotid limit, and anv one
ijoing ovor without securing reservations
will not find any accommodations, uno
noticcnblo thing in England, ho Raid,
was tho good-natured manner In which
tho laboring men had accepted restric
tions on the "nub." or saloon, which
were enforced during the war nnd nro
still In force. Thcso "pubs" nro closed
during tho day from'- o clorlc to u p. m.,
niul nrn then onen till 10 n. in., when
they nro closed for tho night, and no ono
comnlains. In FarlB. where absinthe
i was barred during the war, it has made
I its appearance again, out not conspicu
nnnlv.
I Among tht? leading men in finance
1 oud politics wliom lie met. lie said mere
'is a feeling that there will be n League
of Nations, whether America -comes In
or not. but all expect America to come
1 in. with or without reservations. In
i fact, tho matter of reservations cuts
little figure with these men, he said.
Hut no one expects the League of Na
tions is going tp end war for all time.
It will, however, be n step in the di
rection of war prevention, which Is very
important.
Mr". Mason was Impresied with the
appearance of Lille, the Pittsburgh of
Europe, ah tne smouestacics were ueicn
ing out smoke, ho said; a safe indica
tion on which to base a conclusion thnt
somebody was at work. Money iu those
countries, just as here, ho said, does not
go ns far as it did before the war. Our
dollar buys only fifty cents' worth now.
and tho franc and sovereign arc just
as much depreciated in value over there.
He saw no suffering .from poverty rj
out many people are poor, xney recog
nize that they must stand for n heavy
taxation and don't grumble about it.
During the war there was a good deal
of talk about the large number of
maimed men it would leave in Europe,
Such n condition docs not exist, or, if
it docs, it is not noticeable, lie said.
Of course, there nro such men, but hos
pitals have been provided for them, and
there number is not such ns to capsc
comment.
Mr. Mason did not go into Germany,
but he talked with leading Frenchmen.
who expressed surprise at the bitter
feeling of Americans for the Ger
mans. Frenchmen eay that there are
70,000,000 of them who. perforce, must
bo their perpetual neighbors, nnd why
should they not cultivate good relations
with them, ns they expected to buy and
sell and trade with them n the yearn
Tho Plan Now In Forca In Eng
land for Controlling Note
Issuos
ii. mi in1 ' 1-i1 ! - - ' i- mi i ii ii -in - -
.L hvtZ,
London's financial experts arc In
f'hnrp disagreement over some of the
recommendations of the, Bccond nnd
final report f the committee on cur
rency nnd tho exchanges published
last month, says 'tho New York Evening
Post. Borne of these criticisms, and
some of the methods urged by the com
mlttco for limitation of pqper money
issues, nro thus stated by the Stock
Exchango Gazctto:
"Perhaps tho most controversial pro
posal put forward 'is that regarding
the limitation of the currency note
Issue. Again the committee recom
mends that the actual maximum fidu
ciary circulation In otic year' 'is to be.
the legal maximum in the next. This
proposal has now been adopted by the
chancellor , of the exchequer and ap
proved by tho treasury. , On principle
there are very grnve objections to the
policy of setting n fixed limit to the
amount of currency that may be issued.
"The practical effect of the govern
ment's adoption of tbo committee's
suggestio.'. will be that tho actual
maximum fiduciary or uncovered circu
lation for tho current year namely,
.120,(100,000 will be tho legal maxi
mum fiduciary issue for next venr. Any
notes issued in excess of 320.000.-
000 will havo to be fully covered by
gold or Hank of England notes, ex
cept under tho emergency provisions
of tho currency notes net, which In
volve nn advance in the bank rate.
"At the present time the outstand
ing Issue of currency notes nud ce.itlfi
catcs Is 343,202,045, against which
nro held on the redemption fund 28,
nOO.OOO of gold and 3.100,000 of cur
rency notes, or 31,000.000 iu all, leav
ing tho fiduciary issue nt 31t,()2.04r,.
Therefore, without adding any mor.c
gold or Dank of England notes to the
redemption fund, the treasury will
have power to Issue over 8,300,000
more notes thnn the amount now out
standing. Hut when the 320,000,000
limit Is reached, gold or bank notes
miiBt be provided ns cover for any ex
cess. Apparently It will be necessary
to provide the extra cover only for so
long as nn excess issue is in circula
tion, and in the event of tho issue
contracting nnd falling to the legal
limit, the extrn gold or notes can be
withdrawn. The defect of the scheme
is that it makes no provision for per
manently Increasing the gold reserve
held against currency notes."
SHEPHERDS INSTALL BOARD
TO VOTE ON SUNDAY SHOWS
Court In Baltimore Allows Queotlon
to Qo to Electors
Baltimore, July 8. The voters
of Baltimore this fall will be given the
opportunity of snflng whether tho peo
pie shall enjoy motion pictures on Sun
days,, unless an appeal is taken nnd the
Court of Appeals overrules the decision
rendered yesterday by Chief Justice
Morris A. Soper, of tho Superior
Court, not to Issue a mandamus for
bidding "the placing of the qucstipn on
the ballot,.
The points involved In the case were
raised when a committee of the Lord's
Day Allianco brought suit against the
board of supervisors of elections to re
strain it from enrrying out the pro
visions of the net which granted to the
people of the elty n refcrendam upon the
Sunday movie question.
Service and Stability
Scribe of Haddonfleld Lodge Recipi
ent of Gifts for Long Service
Haddonfleld. N. J.. July 8. Having
served ns scribe of the local lodge of
Shepherds of Bethlehem for nine years
nnd elected for the tenth year. Mrs.
William Anderson was presented with
nn umbrella by members nt the annual
meeting of the order, nnd Mrs. C. M.
Garwood, who served thnt time as the
treasurer of the same lodge nnd as
chairman of the entertainment commit
tee, presented her with a basket of
ilowcrs. .
Dinner was BC,rvcd fqllo wing", the in
stallation of th'e'sd officers : Irs. George
Munn, commander; Miss Emma Ander
son, past commander; Mrs. Ida Newell,
vice commander ; John Still, account-'
ant; Miss Mary Brick, marshall; Mrs.
J. Pang Borne, outside guard ; Mrs.
Mary Wagner, inside guard, and Mrs.
C. M. Garwood, chairman of the en
tertainment committee.
A Home-Made Will
Is Like a Home-Made Pie
there's nothing left of It
when tho fornily gets
through.
It took time nnd effort
nnd sound judgment to
acquire your estate, and
after you arc gone, your
wisdom will bo reflected
through tho manner In
which you mnko disposi
tion of It.
Any assistance wo can
render will be gladly and
freely given whether or
not we are to act as your
Executor. ( '
Integrity
Trust Company
Fourth and Green Streets
Capital f 500,000
Surplu fi Profit $1,700,000
Tennessee Power Co. t
First Mortf f 6s, 1962
Portland Rwy. Lt. &
Pow. Co.
1st & Ref. 6
. Due 1942
e.m.eianco.
BAMKEBS
321 ChMtnut St, PhlLtUIpM
MmttTs Unt TerU a PMl4teie
tostf Kethane
STATEMENT
FIDELITY TRUST COMPANY
PHILADELPHIA W '
At close of business June 30, 1920
RESOURCES
Cash in Office $705,857.79
'Cash in Ranks 5,369,714X0
Time and Call Loans 34,401,653.08
Mortgage 3,861,907.33
Bonds nnd Stocks 27,146,694.64
Real Estate 2,052,564.04
Accrued Interest 754,258.71
Customers' Liabilities Account Acceptances.... 200,000.09
Miscellaneous 26,595.05
$74579,335.06
LIABILITIES
Capital Stock $5,198,280.00
Surplus Fund v , 16,000,000.00
Undivided Profits , 1,781,577.57
Notes Rcdiscountcd and Bills Payable (Federal
Reserve Bank) H.IOO.OO
Certified Checks 29,933.19
Accrued Taxes t,., 157,810.19
Accrued Interest 217,243.44
Acceptances Executed for Customers 200,000.00
Ground Rente ; 380,000.00.
Mortgage 260,000.00
Miscellaneous 56,345.30
Deposits ; ,, 38,601,045.37
$74,579,335.06
Amount of Funds Held in Trust $247,201,808.64
WM. P. GEST, GEO. H. KYD,
President Treasurer
r
)
FLIES BY RADIO SIGNALS
Seaplane Sets Precedest In Flight to
Battleship at Sea
Washington, July 8. Guided entirely
by radio compass signals, n naval sea
plane .. yesterday left Norfolk and
Hew ninety-five miles on n "bee line ' to
ISLAND OIL AND
TRANSPORT
The recent listing of this se
curity on the New York Stock
Exchange lands added interest
to the facts brought out in our
Special Letter I. p., a compli
mentary copy .of which will bo,
sent upon request. '
Marketable securities carried upon
conservative marginal basis. Odd
Lots a specialty. Inquiries in.
MILTON HEIM & CO.
(Successor Jo Goldberg A Helm)
1622 Chestnut Street
Phone: rtell, Spruce 8017-4300.
KPTstnnr, Hpr 7B9.
Tl Drosdwor a 4ftf nth Ave.. N. T.
HtHTnfortl. Cnnn.
pick up the battleship Ohio at sea, with
no knowledge nt the time of tnkine tho
n .-nniP. Then, nre larco nmonntH nf !r "f Ulp vessel's location. The fiea-
moncy going from England into Ger- W0"0.. tllcn. navigated Its return to
many, ns England is, as usual, nwake olk entirely by radio compass,
to the opportunities of international! ., Navy Department offlcias to whom
tra(jc the flight won reported told It was the
Anil, bv the way. he remarked. I f'r!,t tlmc. radio-compass apparatus had
financiers nnd leadine men over there i bcen U8ea t0 urcct aircraft to a ship.
talk from an I international view or
standpoint. England has always devoted
Assistant Superintendent, with 84
years' experience, technical training,
planning, organizing, nystematlslng,
production und handling of labor,
desires to connect with growing con
cern. 123, Ledger Onico
a great deal of time to sports, which
seems sensible, and has helped to make
her pcoplo what they are. If anything,
sho is devoting more time than ever to
sports. And France is following her ex
amplo in that respect.
Where, not many years ago, tho only
golf course 'in France was" a 4-holc one
on a llttlo island in the River Heine,
now one sees golf played all over the
country.
There was some talk in tho financial
district yesterday about tho announce
ment that Thomas F. Hyan hnd sailed
for Europe for the purpose of assisting
in negotiations intended td secure the
monopoly in tobacco now held by the
Frencli Government. Those who know
something of negotiating with repre
sentatives of European governments, es
pecially on such an Important mutter
ob tho tobacco monopoly, havo doubts of
anything being accomplished at any
rate, for years to conie. It was said
that negotiations have been In progress
in a desultory way for some time past.
The fact that France needs funds to
pay her share of tho AngJo-Frcnch loan,
due nczt fall, might Influence tho sale
by tho government, but there nro other
ways of raising that amount and it is
not expected that Franco will part with
such a valuablo revenue producer unles-s
tho prlco offered is sufficiently temptlug.
A broker remarked that until tho an
nouncement by tho railroad labor board,
on July 20, of tho ndvauco allowed in
wages, ho docs not look far muM, .
tivity in railroad stocks, oud not even
then. In fact, until the Interstate
Commerce Commission makes Its rate
announcement, he docs not nntlcipato
there will bo much doing.
In every wny, ho said, tho outlook
otherwise is most encouraging. Crop
reports continuo to improve; tho trans
portation troubles, while far from being
over, seem in a fair way of being ad
justed; the cotton crop promises to be
much larger than anticipated and prog
ress toward deflation appears to he
making very satisfactory progress
The course of tho stock mn,iro ,'i, .!,.
A i a lnnf av lta. 1. . asm
mu . w ubib it Huusractory nnd
Indicates, it anything, n nnrni ,,n,..i
trend. ''""'"
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
1815 ItKAJL KSTATK TRDHT DLDO.
Investigate and adjust nurtnershlp and
corporation arcaunt. Also pramre rj. 8.
Income Tax Returns,
R. B. CARR
Accountant and Auditor
Pennalvan!a Bids., Philadelphia
Nab Phlla. Man on Ramnaae
New Haven, Conn., July 8. Several
shots were fired last night when a squad
of police and detectives surrounded a '
house in n quiet section and arrested '
Steaihano Delaquila, wanted in Phila- '
delphia on a charge of murderously as-
siuuuus two women wiui a razor. The .n -. !..,.... .r,
Hhots were fired by the police ns Deli! ! FOR SALE IS,n Jj";
quija attempted to escape from a rear i Chronicle, numbers 68 to 101. Jan. 1000, t
window. He then surrendered nnd wn Dee. 1013. Inclusive, heavily bound. Index.
turned over to a Philadelphia detective, special nnd extra numbers, condition new
who had been trailing him several for "Rl che8p- Address
weeks. Dims Hank Title nnd Trust Co.,
vwikes-Barre. JYnna
I
Bg3aggjy.EBBg3B:
Girard
Avenue
at
Seventh
Branch
410 South Si.
' STATEMENT AT THE CLOSE OF
miSINESS JTTNE SO irwn
7
RESOURCES
Cash and Reservo $447,025.61
U. S. Government Securities 377,634.65
Bonds and Investments .... 292,504.33
Demand Loans on Govt. Sec. 112,650.00
Demand Loans on other Sec. 178,625.00
Time Loans on Govt. Sec. . . . 56,585.00
Timo Loans on other Sec... 105,797.50
Bills Discounted
Due within 30 days 740,201.64
Duo within CO days 641,778.32
Duo within 90 days 608,597.14
Due within 120 days 36,582.06
Bank Buildings and Equip
ment 67,260.00
$3,664,041.15
LIABILITIES
Deposits $3,401,428.22
Capital 200,000.00
Surplus and Profits 62,012.33
'$3,664,041.15
ANTHONY G. FELIX, Cashier.
i f.'j,1
i iJ d ii tl dlv T!TTFi
STATEMENT OF THE CONDITION OF
Haddington Title and Trust Company
AH
CLOSE OF BUSINESS, JUNE 30, 1920
LIABILITIES
Capital $126,000.00
Surplus and Profits
(Earned) 119,281.81
Dividends Unpaid . 64.50
Accrued Interest.. 15,573.05
Bills Payable (Se
cured by U. S.
Bonds) 100,000.00
DEPOSITS 2,592,896.14
ASSETS
Cash and Reserve. $302,016.62
Commercial Loans.
Collateral Loans . .
Bonds and Stocks
Mortgages Owned.
Real Estate
Furniture, Fixtures
and Vaults
Accrued Interest. .
231,736.33
782,129.41
1,476,781.26
52,600.00
52,822.25
19,800.00
34,929.63
$2,952,815.50
William Gibbons, President.
$2,952,815.50
James W. MacBurney, Treasurer.
ilMllllllMiMillillM
Arrested Man Wanted Here
New Haven, Conn., July 8. Several
shots wero fired last night when
nolico and detectives, surrounded a
house in a quiet section and arrested
Htcphano Delaquila, wanted In Philadel
phia on a chargo of murderously as
saulting two women with a razor. Tho
shots were fired by the police as De
laqulla attempted to escape from a rear
window. IIo then surrendered and was
turned over tp a Philadelphia police d
tectiye, who had been tran him sev
k.v ,"S4Jfc.:iJL
eraliweekif.
Continental Equitable
Title Trust Company
Twelfth above Chestnut, Philadelphia
Capital U, 000,00a
Surplus $1,000,000
Over $11,000,000 Deposits Statement Juno 30, 1920
ASSETS
Ixann on Collateral
Stocks nnd Honda "
United SUtrs Certlflcates of Indcbtrdnrss and' Liberty
Ilonds ...,,
Mortgages ',',
E"!1 ?,n.H.,,n,, ln D,l,k " Ilese'rVe "s'ecii'ritles i !!!!!! '.
Ileul Estate ..
Accrued Interest
Furniture and Fixtures (Including Hute Deposit Iloxes)
Miscellaneous
0.410,S44.3
2,702,368.13
1 ,611,820.83
1,620,085.00
3.077.007.14
1S.S18.02
1I.S03.S3
3(1,430.04
.1.170.11
$14,453,844.72
.. . c. . LIABILITIES
Capital Stock
Hurplus '
Undivided rrollts '
Contingent 'Reserve
Dividends Unpuld
Iteserved for Taxes ......, " ' ' ' ,' ' ' ' ' '
IlKl'OBm!1 .(.V. .8.' Cr,,flcot" ' In'rtVbVednV.;) '. '. '.
Miscellaneous .........,' '. '.'.''':''.' '
.SI, 000,000.00
. 1,000,000.00
. 321,370. no
. 100,000.00
fl,20fl.7
13,802.34
000, ono. 00
.11.4UU.17S.04
17.823.80
$14,453,844.72
Trust Funds $9,258,971.26
JlaiK.Ml.MI J,
President
OFFICERS
SULLIVAN, Vlte
JOHN M. atMrnELL. Vice r,MM,
JOHN R. UMHTKD. Vlee PresldJSf"'
J0,ITV.ar0erJ0IINi!Y '" "n
EDtVAltl). T. SMITH. Assistant Bec
retsrx and Treasurer
WILLIAM J. CTTZrATBICK A..I.,
. ant HecreUrr x'n,n Assist
-U,,TU.urerMra'AMIN- A""t
30HV.FU MALLON. Ili. fc t,
IIROWN 4 WILLIAMS. Counsel "'
JVsUon K. Alcott
IMwsrd r. Ilesle
Alfred K. Ilurk
John M. Campbell
Jitmes M. Duly
Thomas flevlln
Charles C. Druedlng
. DIRECTORS
Tame A. FUherrv
ipan J. Henderson
Jeremiah Sullivan
Joseph O. Trainer
Jol'" n. ITinsled
Aubrey Wel-litman
Ira Jewell wluTaiSi
H
A SEASONED INVESTMENT
Yielding About 8 12
' 1
In 1907 the First Mortgage 5 Bonds of a Public i
Utility Company operating in Philadelphia sold on the New I
York Stock Exchange at 98 and interest. They may now be
bought at over 25 points below that figure. .
The bonds are seasoned, listed also on Philadelphia!
Stock Exchange, and free of Pennsylvania State Tax. We
recommend them for conservative investment and shall be
glad to send detailed information.
HARPER & TURNER
Investment Bankers
10th Floor Stock Exchange Buildine T '
Scranton Philadelphia ;?..,...
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mvmucin uj i nmmcipnro otocc Exchange
The Goodyear Tire & Rubber Co,
since 1908
Has Paid Stock Dividends of
570.
In Addition to Cash Dividend of
$23,342,650.00
Additional stock is being offered for subscription
in blocks of (2 shares Preferred J
three shares 1 share Common for $300.00
$ACfE,gCa
Investment Banker
Members Philadelphia Stock Exchange
Real Ettata Trust BIdg. PhlUsJ.lpli.sj, P.
mmgHm
Securities '
for Investment
JosepKW.Gross a.Co.
1421 Chestnut St.
Correspondents
Aldred elk Company
Hcrshey Chocolate 7 We, 14m
Gov. ofSidtzerLnd 8 15
Cons. Trmc. of N. J. 6VMM
Shaffer Oil & Ref. Cn, ml ,
American Pn & Lt. 6s, Ml 6
w0r.,s G?? & B,flc 6" JIM
ninitm rtnns, 48, 99S
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