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mrnmof public LEiiGERr-Philadelphia, tuesdat,
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OCTOBER 19, 1920
21
,5,-W ' ,
m i
It is Our interpretation of the word
SERVICE
which is the foundation of Our business.
Fidelity and Deposit Company
OF MARYLAND
Fidelity and Surety Bonds and Burglary Insurance
HERMAN HOOPES, Inc. ' CONNELLY & SCHWEFFLER
Real Estate Trust Building Widener Building
REPRESENTATIVES EVERYWHERE CONSULT YOUR OWN BROKER
Central Trust &
OCTOBER
ASSETS
Cash on Hand $
593,425.76
Cash in Banks
U. S. Bonds and
Certificates
Loans
Stocks and Bonds ....
Mortgages
Real Estate, Furni
ture and Fixtures.
Other Real Estate...
Customers' Liability
Account of Accept
ances Miscellaneous Assets
1,488,270.3-1
410,854.25
8,389,135.33
685.060.16
669,131.50
352,300.62
19,500.00
120,419.81
26,420.30
$12,700,508:07
Trust Funds $3,190,170.50
DIVIDEND NO. 63
At a meeting of the Board of Directors, held this day, a quar
terly dividend of VA was declared, payable November 1, 1920, to
stockholders of record October 26, 1920. Checks will be mailed.
OFFICERS
T. Comly Hunter, President
George H. McNeely,
Vice-President
Fred'k G. Helmbold, Treasurer
Anson B. Evans,
Title and Trust Officer
Lowh Van Court,
DIRECTORS
Frank Schoblo
Henry F. Mlchell
F. Lcighton Kramer
Francis X. Quinn
J. Howard Rhoads
T. Comly Hunter
George II. McNeely
Theodore F. Miller
James F. Hallowell
George W. Roydhouso
THE SALARIED
MAN'S
J N VESTMENTS
li the title of a new booklet Juit
litued by our Investment De
partment. Written In ilmple non
technical lnnguaue, it outlines
the requirement of salaried
people and tell how to Invest
their savings to the beat advan
tage. Your copy I waiting for you.
Write for CIO.
GUTHRIE & McGOVEHN
Member Phlla, Stock Exchange
1430 So. Penn Sq Phlla.
Spruce 6416 Race 3092
New York 32 Broadway
West Penn Pr. 5s, 1946
West Penn Pr. 6s, 1924
Harrlsburg Lt. & Pr. 5s, 1952
Hotel Traymore 6s, 1927
B0ENNING, GARRISONS CO.
STOCK EXCHANfJE HMIDINO
Ovttt l'rlrats Telephone te New Vrk
Member- Phil. stock Kxcbanfta
. 1 . , - '" ' ' ' ' '" " I
lllllllllllllltllllllllllllHjIlllllllllllllllllllll 1 1' 1
"UR' interpretation of the word " service
contemplates the prompt execution of
bonds and the prompt payment of claims. ,
"An examination of newspaper clippings- J-
07td too? reports for several months fails J
to disclose a mention of the Fidelity &
Deposit Company as defendant in any of
Hie suits for recovery against surety com-
parries. This is regarded as an unusual
record for a large company doing business J
in every State"
Baltimre Evening
Star, October IS, 19t0.
V
This is proof conclusive of OUR interpre
tation of the word SERVICE The Prompt '
Payment of Claims Without Refuge Behind
Technicalities, '
Savings Company
IS, 1920.
LIABILITIES
Capital Stock $
Surplus
Undivided Profits..
Reserve for
Depreciation ....
Doposits
Dividends Unpaid..
Accrued Interest
Payable
Bills Payable
Acceptances Exe
cuted for Cus
tomers Miscellaneous
Liabilities
750,000.00
700,000.00
92,217.27
10,000.00
10,421,761.04
11,595.00
51,152.94
525,000.00
120,419.81
18,362.01
$12,700,508.07
Clement J. Craft, Vice-President
Theodore F. Miller,
Vice-President
Charles K. Lukens, 'Secretary '
Geo. J. Hnnhauser,
Asst. Tttle and Trust Officer
Asst. Treasurer
Henry Bell
Isaac M. Simonin
Chas. S. Walton, Jr.
C. J. Craft
F. G. Helmbold
Empire Tube
& Steel
Bought, Sold & Quoted
Company Statement
on Request
C. W. Pope & Co.
25 Broad Street, New York City
Telephone Broad 7110
Hecker & Go.
Banker and Brokers
Members ( Philadelphia and New Terk
Stock Kiehnnf
N. K, COR. 0TII AND CIIH8TNDT BTSI
Stockwell, Wilson & Linvill
Certified Public Accountants
Land TrtU Bid, PhUadJpkla
How Traders
Group Their
Investments
for greater safety, is
clearly explained in this
free booklet. It also
tells:
The General Rules of
Trading.
How to Give a Broker
Instructions.
Broker's Commission
Charges.
How to Indorse a Stock
Certificate.
How to Us'e Collateral '
in Trading.
The Deposit Require
ments for Carrying
Stocks on Account.
The Rights of Stock and
Bond Holders, etc.
Edition, limited. Call,
'phone or write at once.
Ask for No. T. U.-974
JONES & BAKER
Specialists in New York'
Curb Market Securities
Widener Bids., Phlla.
Phones: Bell, Locust 4730
Keystone, Race 2290
ODlces in 9 Principal Cities
Direct Private Wires
WILL BUY on skit.
Lehigh Valley Coal
1st 5s, 1933
Charles Fearon & Co.
333 Chestnut Street
STOCK SELLING
ADVEnTISEn HOLDS rtESPON
BU1I.B (JOVEKNMKNT TOSITIOV
U.VIB,N ANn KRAI, IIJRAH TO
UAIIKET I.EOITI.MATB STOCKS'
nn(f jr.inir.i u,t iyK
riNANriAi,
Annual Meetlnn
fvro. TllK ANNUAL MKKTINO Off THE
tUifJ members of the l'rnnsjlranla Insti
tution for the nenf and Dumb will be held
at Wtsalnomlns Hall. Mt. Airy. Philadelphia,
on Wednesday, October 27. 10:80, at 8iS0
o'elock p. m., for the election of director
and for the transaction of other business
and to receive the annual report of the
director.
WILLIAM WIIITK. Secretary.
1311 Chestnut St.
Till! CHKSTON IIUILDINO ANDLOAN
Association will hold It Annual Meettna
at It reiular meetlnr place. Tenth St. and
Dermantown Avenue on Thursday erenlnr
November 4th. between the hour of T:00 and
0.00 1. M. Election of Officers and vote
will be taken to amend Section 6. of Article
8, of th llr-Law.
KAKD K. SCHMIDT. Secretary.
27C1 N. fifth St.. Phlla.
Dlrldend.
HAMILTON TRUST COMPANY
40th Market Street.
Philadelphia, October J4th, IU20.
The noard of Directors on this Amv a.
clared a quarterly dlvWend of t (12.00 per
hr),on the Capital Bloclt of the Company.
palN.TrmTrl.itMf.,
i?CAPrrAL45oo,ooaoou
f SURPLUS (EARNED) 11
II f2.000.O00.00JI
JA glyMfc p PuIha r AJ Aba Aaaa. Wsw
DIRECTORS
W. FREDERICK SNYDER
President
WILLIAM H- CURTIS, Jr.
Vico-Preident and Treaturor
CHARLES E. GRANGE
Retired
JOHN B. STETSON, Jr.
Director, John B. Stetion Company
JAMES DQBSON
Of John and Jame Dobson
SYDNEY L. WRIGHT
Of S. L. and W. R. Wright
HARRY B. ROSENGARTEN
President, Power-Weightman-
Roiengarten Company ,
WILLIAM P. BARBA
Director, Gtrard National Bank
BENJAMIN W. FLEISHER
Of S. B. and B. W. Fleiiher
CHARLES S. CHILD
Firm of Wilton & Bradbury
JOHN J. COLLIER
Firat Vice-Preiident
We Own and Offer
Subject to Sale
New York, Phila. &
Truit Certificate) 4s
Due June 1. IBIS
Price to yield about 8.70
Western New York &
Pennsylvania
Firit Mortgage Si
Due Jannarr 1. 1031
Price to yield about 6.15
New York, Pennsylvania &
Ohio
Prior Lien 4&
Due March 1. 1083
Price to yield about 6.50
Pittsburgh & Lake Eric
Equipment Trust 6i
' Due September 1. 1031
Price to yield over 6
Correspondence Solicited
Litt of SeUcted Bonds mailed
on requett. ,
STROUD & CO.
Members Phita. Slock Exchange
1429 Walnut St., Philadelphia
52 Broadway, New York
Correspondent
STROUD, KURTZ & CO., Inc.
Washington, D. C.
$138,000
City of Hoboken
New Jersey, 6s
Due 1930 to 1938
Prices: To Net 5.30
and 5.35
Biddle & Henry
104 SOUTH FIFTH ST.
Tax Exempt in Penna.
BELL
TELEPHONE CO.
of
PENNA.
25-Year 1st and
Refunding Mortgage
7s
Particulars on Application
A. B. Leach & Co., Inc.
Investment Securities
115 South Fourth St.
Hell Telephone; Lumlard i',17
Tennessee Power Co.
First Mortgage 5s, 1062
Portland Rwy., Lt. &
Pow. Co.
1st & Ref. 5s
Due 1S42
321 Chestnut St., Philadelphia
Utmhers Kno York and PhUadel,
BtocH BschQngts
Sears, Roebuck & Co.
7
Due Serially 1921-1923
Prices to net 7.60 to 7.83
Townsend Whelen & Co.
Member, of . V. PW,. g!oek &ch,nf
H. H. White. Dental Jlfg-. ci iuHfni
l.ehlh Vnlley K. II, tlmtnl'vlUw! ios
1'ortUnd Itnlnar Co. Itefi.. .. l ,SS?.
J. .. Ilobokrn & l'atoraon Ht. lir'S'S lata
Iletlilehem Htcel Co. Marin? Kquli'.vS IDM
fnliimhiism NAwtrL 7ii.iiiJ .rV !. "?'!
Tol .7 Waldi,oln. Vair a' bh o' Vii?.: R27
HAJIUKI. K. rillM.IPN 4 COUiAmv
mmmWin'XSStffi'
ITnltfd Job X Klrclrlo Corn, fl'a & iv.f
Newton Conl 1'rVf. A Vma7"pn
Caddo Central Oil & Itef. O'alOSO
Northampton Traction 1st A'a 1033
Keokee Coke A' 1030 Amer. IUkiI Tref
O. I.. T.ANSTNORn jp. nt
1M4 CIIKBTNUT HT. HPItnnir .'..o
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
t50 RBAb KflTATK TRUST BLDO.
InTalls-ta and adjasi tartneVhlr an
corporation aeconnta. rAlaa i wiSiV, u. f
ineoam mx ariuTi,
GOSSIP OF
THE STREET
What do you think of the market in
an Interrogation one would naturally
suppose would bo confined within the
domains of the market world. Buch a
supposition g a treat he mlstukc, 1'ou
Imply cannot dodg It. You run up
against it at every nook and turn. Peo
ple you would naturally think never
heard of the stock market put the ques
tion at you in the most unexpected
places.
At least this was the experience of
the writer of this column during a two
weeks' vacation trip. It is not alto.
? ether strange, after all, in view of the
act that Uncle 8am, in selling his
Liberty and Victory bonds and notes,
gave the stock market game the great
est, widest and' most perfect advertising
it ever hod, or ever could afford to pay
for. Many people who bought' these
bonds never know what a Htock mar
ket page in a newspaper looked like, or,
at least, did not for a moment ever
have the least interest for them.
It is all different now. There arc le
gions now who scan tho quotations and
seek information concerning tho big
speculative game. It has been said the
public is not in this market. They
may not hnvo Been getting In recently,
but it Is safe wager that n great many
did get in some time within the last Ave
years, judging from the Innumerable,
queries put at the writer during his two
weeks' rest period.
You simply cannot get awny from the
market, no matter where you go. lou
will run against "What do rou think
6f tho market?" on the high seas, In
the smoking room, on deck, nt the pier,
off the pier, on tho most remote Island
In the South Atlantic, and even on a
fishing smack. Tho banana planter.
I tho sugar planter, all want to know
what the particular mock or bond he
has purchased is likely to do. You
hear lt so much that you sleep with It,
eat with It and walk with it. It meant
a big business for brokers and they can
thank Uncle Sam for it nil.
Asphalt on the nig Exchange
If current stories can be ncccpted, the
Philadelphia stock exchange is yoing'to
lose another active speculative favorite.
It was semiofficially stated yesterday
that applications had been .roijle, or
soon would be made, to list the General
Asphalt Company issues on the New
York Stock Exchange. They have gono
through the preliminary exercises on
the curb market, which institution has
been the most active mnrkct for theno
shares tho last year or so, or since the
'New Y'ork crowd took the stock from
the Philadelphia contingent.
Some time mo. a prominent trader
on the local exchange said that when
ever a live one was liiteu on the local
market. New York took It nwnv from
their Quaker City brothers. In tlio
Inst two decades the Philadelphia Stock
Exchange has lost a number of big
mouey earners for the brokers In Head
ing, PcnnRylvnnln, Lehigh Valley,
Electric Storage Uattery, Philadelphia
Company and several other local crea
tions listed on the big board. ,Of
course, there is a broader market on the
big exchange, but it is regretted that
ways and means are not found to re
tain the active Interest In Philadelphia.
The late Fred T. Chandler nnd Al
bert Turner worked like Trojans to
keep the pot boiling here, but they, like
other lenders, never got the real sup
port to help their efforts.
Market Essentially Professional
One of the rccognlicd experts In dlag
nnilnir the current market situation ns-
Iserted vestcrdav that before the nroflt-
I taking reaction following last week's too
rapid advance set in me rauruuu uv-no-n
mndo n new litsli level for the ycor.
I Hlluhtly above its previous top, and tho
Imliiatrinl nvprnep nnd 1USI nuoiu piiiiui-
ed the top of October 0. Both gained
half a point on tho week. Certain spec
ulntlvo 1ini1iM-H. llki Crucible and Mcx
lean Petroleum nnd Ualdwln, had made
new high prices for the month nnd In
the motors Chandler very ucariy impli
cated the high of last month. Industrial
nnd commercial rcccsslous, which arc
reasonably certain to continue until
March, are a poor background for a bull
market, and one need not be surprised,
therefore, at the refusal of the public
to participate to any extent in stock
market activities for several months.
But tho professional acts from differ
ent motives and this Is essentially pro
fessional market. Indeed, It would
lmrdlv he ntrnvneant to sav that trad
ers would prefer technical strength nnd
poor fundamental conditions to good
business nnd an overbought market so
far ns their short swing speculation is
concerned. Hence it will be technical
conditions affected from day to day by
outside news events which will control
fluctuations, always, of course, bearing
In mind thnt extreme temporary ease In
call money or extreme tightness would
be an influential factor.
Doom Period Over
In its business review for October the
Penn National Bank Bulletin najs:
"Developments during the last month
have made it plainer to all that the
boom period is over and that business
is working toward a new trading basis
at a lower price level. It Is not unex
pected that there should he widespread
resistance to this fall in the business
tide. Every one has recognized and urge0
the necessity for donation . anil com
plained of high prices, but no one wants
to sec his own particular business af
fected. Nevertheless, despite the per
plexities of the present situation, there
is general approval of the fact that a
change to sounder conditions is defi
nitely under way and relief thnt it Is
proceeding In so orderly n manner. How
long the transitional period will be
drawn out depends In a large measure
upon the readiness of business at each
step in the productive and distributive
process to get its wares down to prices
which will bo attractive to buyers.
Though this means loit.es, the;? Is
naught to be gained by clinging to high
priced inventories whllo the tide ebbs
further nnd further. Tho hold-out now
is simply delaying the readjustment to
a level which would permit of n renewal
of confidence, and runs also tho risk of
being placed at a further disadvantage
by his competitors who dispose of their
stocks by early concessions to the
changed conditions. It has been aptly
said that we must cither climb down
from tho peak .of Inflation or fall down,
and those who resist, the forces, now
working arc impeding tho operation of
the slower method."
Equipment for (lie Kallroads
Tim Xntlnnnl Trnlln..... Cf!.... r.
linrntlnn flnnniiniu. m lB.. f e.ii-i
000,000 of its trust certificates for the
purchase of equipment to be supplied to
the railroads. This corporation was
niriui) orgnnizeti uy tne National As.
spciatlon of Owners of llollroad Securi
ties under the amendment to tho trans
portation act suggested by tho associa
tion nud passed by- tho last Congress.
This amendment gives authority to the
Interstate Commerce Commission to
maun Innna fpnni ilia ftnA frn eni
....... -. ...c iHiiu,vinj,u1llf iunii
provided by Congress to tho corpora
tlon to supply equipment to tho rail
roads when approved by the commls
slon. Tho certificates now to be issued
nrn in rwn Kprlpu nnf a ... i oa
000,000 each, maturing in fifteen years"
oevcn ruurouus or nyste.ns are thus far
included In the two series, which provide
... ............. ...v...UUo uuuri nuil'U mo
roads secure equipment. The methods
ami conmtions or purchase are set
lunu in a nairiiiFui oy D. uavies war
field, president -)f the corporation.
HUDSON RIVER OIL
DRILLING
OPPOSED
Palisades Park Commission
Head Protests Granting of Per
mit to Commander Davis
ACTION HELD UP TO JAN. 15
Trenton, Oct. 10. Disposing of an
application for permission to make
borings in the Hudson river for oit,
mado by Clcland Davis, n retired naval
commander, of Englewood Cliffs, the
Department of Commerce and Naviga
tion advised Commander Davis that
he would be compelled to wait until
January 15 before the board could take
any action. Commander Dvvis made an
application last July for a lease of
riparian rights extending for n mile
and n half in the Hudson river, but
under the statuto tho owner of the
upland is given six months to ncqulre
tho rights as against the nonrlpnrlnn
owner.
Richard V. Lindabury, president of
the Palisades Interstate Park Com
mission, appeared before tho board
Testcrday and protested against the
granting of tho permission on the
irround that the construction of ma
chinery and other equipment, incident
to the oil prospecting would be unsight
ly and detrimental to the nark nronortr,
He advised the board that the riparian
commission hail no thought of acquiring
the riparian rights, since all the prop
erty In front of the park belonged to
the state and. if the application were
made, it would be merely the trans
ferring of the money necessary for the
acquirement of the rights from one
department to the other.
Shortly after Mr. Lindabury left the
board meeting. Commander Davis, ac
companied by his counsel, appeared and
advised as to his Intentions. He said
lt was his thought to he prepared to
make borings to the extent of 2500 feet
in the river, and that all that would be
necessary would be the erection of a
small platform and n steel tower,
which would In nowise interfere with
shipping. He wns advised by H.
O. Jenkinson. vice president of the
board, that the price of the property
he intended to lasc had some time ago
been fixed at the rate of .V-iTiO a front
foot nnd roughly estimated that the
rate of yenrly rental would be about
$150,000.
Commander Davis Is the Inventor of
the gun bearing his name, which is
used in airplanes and has been officially
adopted both In this country and In
England. It Is more or less generally
used by other nations.
LEAGUE SUNDAY 0PF0SED
Harvard University President Dis
claims Knowledge of Proposal
Cambridge, Mass., Oct. 10. Presi
dent A. Lawrence Lowell, of Harvard
Unlvorsity, hits disclaimed knowl
edge of the telegram sent to governors
by the League of .Nations Day commit
tee. of which he is a member, to nro
claim Sunday. October 24, as n day for
(lie puouc to dc iniormeu on me league
covenant. In a letter to Governor
Coolldge. who refused the request, I
President Lowell said he hnd no idea
that governors were to be asked to
make such a proclamation.
He disapproved the suggestion In tho
telegram that the covenant be read In
the schools, and said that if it was
the Intent of the telegram to advocate
the use of religious services to dissemi
nate the covenant, ns the governor had'
Intlmnted in his letter of refusal, ho
disapproved of that also.
Socialists Win In Austria
Vienna, Oct. 10. Returns' from the
Al.ntlnnii fnt- till. Tfltfnr.nl Abu.hU1..
show that the Christian Socialists were
victorious over the other parties by a
BliMi. "J".J. "'' ,V "t-vviin; lilt,'
majority party in Parliament.
AB
By this service it is possible on arrival in Europe to exchange
"A. B. A." Cheques purchased in America for other "A. B. A."
Cheques issued in sterling, francs or lire, at the exchange rate of
the day the Cheques are exchanged, thus giving the traveler the
advantage of the best rates the market allows.
'A. B. A." Cheques are safe because, if not countersigned by the
rightful owner, they cannot be used by anyone ekz in case of
loss or theft.
They arc accepted readily in payment of bills at hotels and shops
and in purchase of transportation tickets in any civilized land.
"A. B. A." Cheques maybe obtained at nearly
any prominent American or Canadian bank,
BANKERS TRUST COMPANY
Paris, Frinci
16 Place Vcndome
ACCUSE CAFE OWNER
8horo Man Pleads Not Qullty to
.Violation of Prohibition
Atlantic City, Oct, 10. A further
sensation was added to tho political
shake-up incident to Prosecutor C3as
kill's round-up of 120-odd secretly in
rltrtei! nronrletors of flllcEcd shore
"leaks" yesterday with the arraignment
in the Criminal Court of Joseph Moss,
proprietor of the Beaux Arts, one of
the largest cabarets oi tue uoaruwam
and with the exception of the man
agers of the equally gay Martinique,
the onlv tiurvcror of bottled diversion
on the beach front to be included iu the
prosecutor's sudden decision to clamp
"tho lid" In Atlantic City.
Mr. Moss entered a plea of not guilty
of violating the New Jersey prohibi
tion statute before Judge Ingersoll, nnd
furnished .$1000 ball for his arraign
ment for trial. Ills appearance in
court-held interest for both the poli
ticians and the "wets," because the
Beaux Arts wan the only one of the
Boardwalk cabarets not disturbed by
raiding of bands of Volstead act agents
from Philadelphia during the height of
tho summer season. Other proprietors
have repeatedly expressed the opinion
that the Beaux Arts had "strong back
ing." Eleven other alleged proprietors of
"bars" still 'open entered ball also.
They were: William Malla, John II.
Fortman, Leonard Seranto, John Rey
nolds. Michael Kccly, Emma Johnson,
Edward Johnson, John Schuyler, Rob
ert Lipscomb, Harry Nordhclin and
Robert Adams.
Five Q. O. P. Rallies In Camden Co.
Camden county Republicans last
night had fivo big meetings. At a ses
sion in the Johnson Pork library, First
ward, F. F. Pattersoni county clerk;
Walter Carroll and Ocorge Whyto
talked. Another meeting was In the
Fifth Ward Republican Club, 272
Kalghn avenue. Tho meeting in Glou
cester was addressed by Mayor Ellis,
of Camden; Mayor Anderson, of
Gloucester; Judge PancoaBt, George
Starn and Milton K. Stanley.
"Near-East" Thief Gets Four Years
Constantinople, Oct. 10. Guy Dayis,
of Charleston, 8. C, ono of the Amcrl
cans convicted of having stolen goods
from the Arnorlcan organization for
relief in the Near East, has been sen
tenced to four years' Imprisonment at
hard labor. Four others of the de
fendants received sentences ranging from
three months to two years, but with
the option of paying fines.
53,000 Baldwin Locomotives
Have Advertised Philadelphia
No product of the industrial world excites more general
interest or admiration than the steam locomotive, because
it is so exceedingly life-like. Philadelphians naturally are
especially interested in locomotives, as many thousands of
them have been built in their own city and have carried the
city's fame throughout the world.
THE BALDWIN LOCOMOTIVE WORKS
PHILADELPHIA
Americans
Traveling To Europe:
This Is Important To You
A special European service has been inaugurated by the Bankers
Trust Company to accommodate travelers carrying "the best
funds for travelers":
A'
American
Bankers
Association
Cheq
New. York City
Employes Buy Potatoes at Coat t
Yardvlllo, N. J., Oct. 10. The biirM ,
gest deal thus far recorded In the
movement of New Jersey manufacturers
to help employes solvo tho high cost
of foodstuffs has been put through by
the Mercer County Co-operative Aji
socaatlon, by which growers havo'
shipped six carloads of white potatoes
to the Celluloid Co. in Newark and Its
suburbs. The comnonr sells the pota
toes in bushels or 150-pound sacks at
the price paid 'the farmers, plus trans
portation.
Open 8:30 A. M. Till Midnight
for Receiving Deposit ,
Cashing Checu
SALESMEN
Inrtatmtnt banklnv houa dealing;
only In tilth grade securities, want a
salesman who I looking (or a Rood
connection: must bo clean cut and a
worker. Call bt. 12 and S o'clock.
1000 Land Title Dulldtnr.
SHANOLER&GOMBUnr
ansmxii.
fraiildin Bank Eld.
PblUi..j,l,la
KavTark
Federal Tax,
Don't rue at the right way to maka ut
your Federal Tax Iteporta. Larn how
under Mr. John O. llemdon of Ouarantr
Trust Company, of New York who will con
duct a course of Instruction hers rnmmendac
Wednesday. October SO, 7:30 P. M.
IT M CA.r
CENTRAL BtlMJ., Ml ARCH 8TREJ5
SM.ftWMiW fBUj WrMatMtrMtf
Business Men
ml
today arc finding that their time and brains must
be invested in executive work to bo most profit
able. It 1b not necessary to master the many
details involved in every "deal."
Dependable, financial counsel, is considered a
necessity as well as a convenience by many of
our progressive friends.
REAL ESTATE TRUST CO.
OF PHILADELPHIA
Broad and Chestnut Sts.
y
ues
16 'Wall Street
Stli Ave. at 42nd Street
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