V irt T.'M,v ' 'j'i ,ji r vv 4K -vtf 't I S .(,V" .v MiilN-LNU JbJbjblu JLuJjj(jjii JjiXLUjjilLi'jLLiA, MoJjAY, MilBliUAJU' 14; iuk & f. ,. ti i'M & i i7,k !.'!' W 1 1 V'l, Jiir-vi a.'.. Ml!MY t'l my: .1 vVi 1 I' 'U rcr ' 1ft ' ' ' fcff!fi If?i 1 1 if" Km ilk irv rttf M ;ji4l il.'SW If t'&CIIUi s: itm mx ii i j wut ' nf v i ill i'l ,( I i?Sl Ft v't Jul' J-MiJ SH. .lasrtv1. i' i ''rH '"PHOSE who save money will be self respecting and respected by their friends. In thrift dicrc is dignity, independence and no fear of poverty. Other things being equal; the person who saves naturally is happier, more contented and a more useful and desirable member of the community. To those who desire to be included in that class, the facilities of the Savings Fund Department of this Company arc offered. FlDELIT Y Ikusx Company 05!JN 325 Chestnut Street Capital 5,200,000 6324 Woodland Avenue West Philadelphia g 1431 Chestnut Street Surplus 16,000,000 Funds held in trust more than $250,000,000 MOTORMAN HELD FOR TRAIN CRASH Alleged to Have Passed Brook lyn Danger Signals, Causing Collision Injuring Sixty 15 ARE SERIOUSLY HURT New niU, I'cb. 11 IMwurd Co tollo. nintonnnn on J.nng Islnnd Inml ritllrnnci truln tluit rolllilod Inst iiidit with mi (Aproo trnln In lirookl.wi. in IjiiritiK mori' tlinn slxlj prrsnns, (Htcon M'riiil, wis held today cliorRcd wltli I felonious ussuult. Tlir loml tr.i'n, imWic nor-ioc lino I tlfrntois s.nd, pivso,) hcoral dnngrr sic I mils Among tlin-o Injured were socrul women and children. 1 1'iifli trnln ronsisted of srpn oar!. TI10 oxirrss us linuiul from .liunnira I to flic rintlnish a(nuo stfltlon, nnil it slilpsuipcd the lornl ti'nln nt tlie Hall mad iiM'tmr rrusslng near tlio ('rrstcnt 'nvrnuo -tiitioii in (jneeiis Four curs 1 of tin Imal win doraili-d, liosido tho lirt car nf tlm cvprcss. Acfordin; to police and employes of the Lone Island Railroad, the loeal train wliiih had left .lumalcu about II olok, was to have gone on n spur nt the Railroad meniie erossinc, to tie passed tin re liy the express train. Charles II Small, tou crown nt, the crossitip -aid the m itorman of the local train Ignored the block signal set Hcolnst him and was Kite in making the tin n into the spur. Consequently, when the express tr.iin, drien nt liljih speed, tame iiIoiir it clashed ngainst the side of the local, The fort e of the impact was such that the local train was cut in two, the couplings breaking under the blow. GK0.A.HUHN&S0NS htocks and novus" Mffnhrrs of hf I'hllmlrlphln. yew lorU nnil Cliltnro PIikU Kirhnnm New York CVJInn Trl-r Cotnmliilon Ordr( Executtd la AH the Principal Markots llif.Ll.hVl,l. tOtllT lilUiu, 1418 WHlnilt St. KK 3.0RU orncE 111 llroadwajr. Nw Yort $6,000,000 United Railways of Havana Fifteen-Year 7!2 Equipment Trust Gold Certificates Issued under the Philadelphia Plan Dated February 15, 1921 Total Authorized $6,000,000 Due February 15, 1938 In coupon form of $1,000, with provision for registration of principal. Principal payable at the office of Commercial Trust Company, Philadelphia, Trustee. Dividends payable in New York February 1 5 and August 1 5. Redeemable as a hole on any dividend date at 1 1 and accrued dividends, and in part by lot on any dividend date after February IS, 193 1 , at 1 02 1 2 and accrued dividends Provision is made for retirement of $200,000 Certificates each six months; by pur chase at or below 103 and accrued dividends to February 15, 1931, and thereafter by purchase at or below 102' and accrued dividends or by call at that price The information given below is contained in d letter from Mr Hoard of Directors. C. J Cater Scott, Chairman of th Security These certiticates arc issued against standard Raugc steam 'railway equipment purchased in the United States at a cash cost of $10,834,180. The certificates therefore represent only approximately 550 of the cost of the equipment. TiMe to the equipment remains vested in Commercial Trust Company, Trustee, for the benefit of the certificate holders. The equipment is leased to the United Railways of Havana for rentals sufficient to retire the certificates and to provids for dividends, insurance and all other charges. Equipment costing $6,250,810 was delivered during 1920, and a further amount, costing $1,612,988, is still to be delivered. The aggregate cost of these two lots alone is more than 30co in excess of the amount of these certificates. The remainder of the equipment, with total cost of $2,970,382, was delivered in 1919, 1917, 1916 and late in 1915. Provisions for Retirement - The semi-annual rentals shall include an amount sufficient to retire S200.000 certificates as follows, such retirement to be accomplished by purchase of certificates in the market at or below 103 and accrued dividends, if obtainable, and, to the extent that they are not so obtainable, by the purchase of certificates at a higher price, if the company so desires, and any balance of such semi annual rental shall be paid in cash to the Trustee to be used for the retirement of additional certificates, otherwise invested by it m U. S. Government securities maturing not later than February 13, 1936. Up to and including February 15, 1931, certificates cannot be called (except as a whole at 110 and accrued dividends) On any dividend date after February 15. 1931, certificates may be called by lot at 102 2 and accrued'dividends. in sufficient amount to accomplish the semi-annual retirement of $200,000 certificates. These payments of rental may be made cither in certificates or cash; all as provided in the lease and trust agreement The Company The United Railways of Havana (formal corporate title, United Railways of the Havana & Regla Warehouses, Ltd.) owns and operates a standard gauge steam railway system of 1 190 miles, under perpetual franchises from the Government of Cuba The original railway, built in 1843, was one of the first constructed in the world. The company is incorporated under the laws of Great Britain, and is controlled and managed by British interests. The funded debt of the company, exclusive of these certificates, aggregates 10,741,960 ($52,205,926). Capital Stock comprises 3,554,262 57c Preferred and 6,556,846 Common with a combined market value on the London Stock Exchange of approximately 6,584,000 ($32,000,000). The company has also out standing 494,756 Deferred Stock on which no dividends arc payable until 8 per annum is paid on the Common Stock. Dividends have been paid in full on the Preferred Stock since issuance, and have been paid at various rates on the Common Stock without interruption since 1908, the present rate being 7 per annum. Earnings The following consolidated statement of earnings has been prepared by Messrs. Deloittc, Plcndcr fin Griffiths, Certified Accountants, from their audits of the accounts of the companies now consolidated in the United Railways of Havana: Year Fnd.d Jun. 30 IO 1119 HIS 1917 1916 r,m,.r..rnlnt, S:V"7,7M 523.7bl.157 j::, 543, Ml J17, 362,456 115,498.117 Tol.l N.t lncom 10,479,071 8.SG4.027 10, 11, Sin 8,G53,D91 8,427,621 Flt.d Ch.ri.. 2, 31,306 2,432,203 2,413,412 2,380,515 2,382,848 Baltnca lor depreciation, (!. nd dtVidcndt 7,847,767 C, 471, 819 7,768,102 6,270,483 6,044,775 ISIS 112,763,413 7,063,990 2,390,949 4,673,040 1114 112,091,270 5,898,820 2,301,010 3,597,809 Dividends on these $6,000,000 certificates amount to $450,000 per annum. The balance after fixed charges, shown above, averaged $6,096,257 per annum for the seven years We offer these- certificates when, as and if issued and subject to approval of legality by counsel. Price 99 and Accrued DividendTo yield about 7 Dillon, Read & Co. Formerly Wm. A. Read & Co, Tfc UformitUn contained in this idrertiKment hit been obtained from lourcci which we conndcr reliable. While not ruutntttd, It li accepted by ui at accurate. ,Tlir- first Uirrc enrtt of the lornl nnc puxlictl forwnrd nliout linlf. n block nnil then tlornllcd. The fourth cftr of the Inr-itl unn piiihr-d to ono side find le inllod nnil the third enr of the lornl mid the first rnr of thr express -trnln wore hnillv dnnuiRpd hnt they hnd romo together. The paHioiiRers In both" trnins, whlrli were crowded, were hurled fioni their cntn Into the iiMen nnd jammed nuiilnst (hr sides of the earn. DeafenliiR sercnitix nro'-c ns. the trains rrnHlinl nnd In a few moments the window si wore jammed with men, women nnd children trjltiR to jt out. I he danger from the third rail wns Krent, but the punle strleken passengers forgot about that In their rush from the enrs. Mnnj women hnd children wore knocked down nnd trampled In the rush and It was in thin wnj Hint innnv were hurt. The fart Hint both trnlns were mnde up of tecl inr- prob ubly pretentcd n Inrgc loss of life. HAMMOND ADVOCATES FOREIGN INVESTMENTS Favors Restricted Immigration Op poses "Impenetrable Tariff Wall" Now York. 1'eb J I. f lly A. I'.) MUcral invoMtmi nts In foreign trnde, "restrictive and sclei'tive legislation" on immigration and a policy Hgninst the erettion of an "impenetrable tariff wall" were urged bv John 11ms Ilmmnoml In an addicts lioforc the annual meeting of me .Minonal iit I'cucrntlon nere to day. "lrtiinntol there I u growing dis position," vaid Mr. Hammond, "to re- gnrd the Inriff ns an uonomie rather llinn a politiinl isne. as evidenced bv the renunciation of the free trnde fetish ly mnn tc tinns of the southern states As a creditor iiutlon. we arc faced with the danger of being impaled upon one of the two horns of the dilemma in the liquidation of l'urope's indebtedness in us. i.uropc cannot pny even the in terest upon our loans In gold, nor wouV tlie piiMiient mg old be altogether toxuir ml Mint age If we accept tlie pioduets in i.uropc in pajment, we must greatlj curtail the operations of our own mills. Involving widespread unemployment nnil i-iinwqiicni incniMt nil distress. Itwould up rrn lie tier i"i us to cancel our I.n ropean debts than in risk this clanger. On the other hands. If we place an cmuargo on ttie prociuc t of our nines tney win not lie able to repaj their mini". This liquidation process would hi greallv aided, he declared, if definite mini inciemtiitv were liec for (Jermnnj to pa. "An indeterminate indcniiiit". .mi nn- line mirici. lie sain, "or a sum iiiipossiDie in reiiiijtiiiii on the other vvntil dbe ;i suicidal policy for the Allies themselves LINCOLN BIBLE STUDENT Minister Says Knowledge of Teach-l Ings Showed In Addresses ' Lincoln s speeches ami writings re licet. d his ,,e stiich of and Intimate Know ledge of the HUilc." declared the Itev. Ir. Alcvmder MacC-oll, of the Second Pre sbj terian Church. Twentv hrst and Walnut street.s. in his sermon 11' V8ht on "Abraham Lincoln's Heading from Lincoln's second innu surnl uddress, he showed how the spirit of the Scripture,) was evidenced in that inspiring work The simple, direct stjle which nude such nn nppenl to all classes whs shown to be the result of the fact that ihe Hible was one of the fi w books studied by Lincoln as n child and continued so as he realieel more and more how leliublc a guide for life it was. "When men have Cod ns a guide nnd factor in their clailj life as Lincoln did. Iliev will begin to approach his accom plishments, which were so j:rcat ns to si ein nliovc the power of a human be ing, said Dr Mac Coll. GIRL CONTINUES TALKING Vocal Chords Show Signs of Strain. Strength Is Remarkable WatiUcB.ni, III., l'eb. 14. (Ily A V.) Miriam Hubin, the clglit-jear-old girl whose Incessant talking hns puz zled phvslclans, was prattling stendlly on this, the tenth day, of her strange malady. It wns announced, however Hint the manual spinal treatment which last night gave lier n period of sleep, would bo resumed this nftcmoon. Miriam slept last night soundly from 8:110 p. m. until 10 o'clock nnd dewed restlessly from the latter hour until midnight. I'h.vsiclans said that her strength nnd normal functions were continuing nt n remarknblc rate, but thnt her voenl cords vveie showing signs of me strnin. City of Philadelphia 5 Bonds Jnn. 1, 1951 Price to yield about 4.75 Sun Shipbuilding Co. lit 5 Bond Jan. 1, 1927 Price to yield about 7.25 ! Auto Car Company - 1st G Bonds Apr. 1, 1922 Price to yield about 8.30 Scranton Electric Co. Secured 8rr Bonds Jan. 1, 1931 Price to yield about 8.25f,'c; Elkins, Morris & Co. Land Title HIdg., I'hlla. f tork A IMillu Stock nxchinsea National Biscuit An analysis of the strong finan cial position of this well-known conipanv is, contained in the cui rcnt issue of our Market Itevipu It has been a divirii'iul-p.iycr for o or twenty yeaib nnd s-hould continue to do a piospcious business Magma Copper Development work maintained thinucrhout the depression in the coppci industry has improved this company's ore reserve posi- turn and thus fortifies it to take advantage of the expected le new.il of activities in the tiadc. Otlii stocks dibcubscd include: , Butte & Superior Ametican Smelting; Merritt Oil Cities Service ' em rrrurst for 1 but Hughes & Dier (Villi i. Mm J riftriiurrh I ( hit a en Ho Nm urU Mr ml rtt h Ntork r.trl.nnri Ilonnl of Tr wT I ruum c i.iiiiniiKV 1435 Walnut Street Philadelphia Sprue sn I'ilUburEii line 189S Llrirlaod The Best Free Book for Wall Street Traders It clearly explains: The General Rules of Trading. The Rights of Stock and Bond Holders. The Deposit Require ments for Carrying Stocks. How to Give a Broker Instructions. Broker's Commission Charges. How to Indorse a Stock Certificate. How to Group Invest ments. Call, phone or write for NO. T.U.-361 Latest available newg fur nished on active securities. JONES & BAKER Specialiits in New York Curb Market Securities PHILADELPHIA OFFICE WIDENER BUILDING Telephones Bell, Locust 4730 Keystone, Race 2290 BALTIMORE OFFICE 433 EQUITABLE BUILDING Telephone St. Paul 8431 Offices in 8 Principal Cities Direct IrWat Wlf nfe IProfiinble ilnuofiliiioiiln State of Delaware 4Vz' i Highway Bonds U..led J.ui I. ')2 Due J. I, I'JGI Date Redeemable on Any Interest at I 05 and Interest Coupon Bonds in Denominations of $1000 Exempt from all Federal Income Tax Price 93 and Int. to yield 4.90 Lcy.ility to be approved b Messm Cclclucll tz U,,j nionci, New York City IRedmond&Ca. Broad and Sansom Sis. Philadelphia Pittsbureli Baltimore 33 Pine Street New York Washington A 6 FEDERAL INCOME TAX EXEMPT MUMICIPftL BOND TO YIELD C.60 TO MATURITIES 51,500 annually October 1, 1922-26 O.SOO " " 1, 1927-31 10,000 " " 1, 1932-46 $220,000 Tarboro, N. C. 6 Gold Bonds Dated October 1, 1920. Principal and semi-annual interest April 1 and October 1, payable In Gold in New York City. Coupon Bonds of $1000 and $500 Denominations. FINANCIAL STATEMENT Assessed Valuation, 1920 $7,402,493 Total Bonded Debt $734,000 Less Water & El. Lt. Bonds, $208,000 Less Sinking Fund 28,586 236,586 Net Debt 497,414 Population 1920.., 4,568 TARBORO, the County Seat of Edgecombe County (popu lation 1920, 37,995), is located about forty-five miles North west of Raleigh. It is an active industrial and trading cen ter of this part of the State. The Municipality owned Water and Electric Light Plants, during the last fiscal year, yielded a net revenue of $19,000 after deducting operating main tenance and repair charges. Railroad facilities arc fur nished by the Atlantic Coast Line System and the East Carolina Railroad. These bonds arc n Direct General Obligation of Tarboro payables from an Unlimited Tax on all the Taxable Property therein. Price 99 and Interest Circular giving full details upon request. riicsc Iwnds ure ready for immediate delUery. R. M. GRANT & CO. 31 Nassau Street, New York Boston St. Louis Uhll wfl do not guarantee the nbo aUtcmcnlr, o Ucllcvo ttum to be correct. Chicago Rex Seal Products Co. Manufacturing SEAL, GINGER ALE and other superior non-alcoholic beverages, offers an unusual op portunity to the investor. A limited number of shares at $10 For Details Communicate With. ' KOONTZ & COMPANY Members C oniolldMed Stock Exchange of New York SECURITIES 723-26-28 Widener Building, Philadelphia NEW YORK TRENTON WILMINGTON Direct Private Wires Connecting Offices Railroad Mortgage Bonds TO YfiELD 7.75 Freo of Penna. State Tax Company Assumes tho ?. Normal Federal Incoma Tai For the conservative investor who prefers the old seasoned mortgage railroad bonds we arc recommending investment in NEW YORK, CHICAGO & ST. LOUIS R. R. 4', Gold Bonds, due in 1931. A 40fr increase in freight rates, earnings of more than TWICK its fixed charges, and dividends earned and paid on both Preferred and Common Stocks, place the mortgage bonds of this road in an especially secure position. Price and full particulars on request. CARSTAIRS & CO C'rMisrriHlnr luimtmint Sccuritiis J'nt, o .Nice 1 or, nn riiilaiieiplua Moil, l.ichunuts Mil) Walnut Street 'iiii.iii.i.ini HliH M v City of Sao Paulo UNITED STATES OP DKAZtL 6 External Secured Sinking: Fund Gold Bonds of 1919 At fiscal agent for tlie Municipality of SSo I'Julo, we ire prepared to receive oflennp of the aboie bondj ag-alruttnelhirdteml-tnnual Sink ing I und Payment b) tlie city Ilondj up to f 8 5,00" -ill be purchased at the lowest price offered up to and including Ft 11,1911. IMBRIE &. CO. NEW YORK CHICAGO BOSTON Bonds for Investment irc-ul r I n He in n The National City Company Con. V'Hil ui (llllr li On 5(1 lliii riilluililiililii llj dictum ,S, AlUnllc (111 1:.'1 lieiirilitiilk FOREIGN BONDS All Issues , , ffniif or rfrfatlcci circular r, ho. " PARSON, SON & CO. J!emlrH r.w Yorlc Block l,',,l, ll IlltOADWAY NKW VO"K - Safe Bondsy&- Investment HALSEY, STUART & CO. inc. . II SMI.UU CH-nTTO." Sailer & Stevenson 3i ami niiMM r trs 1JONDS lax l-'rcc, Ylcldins Wi'j'o l0 ' ' .. H aw 1
Significant historical Pennsylvania newspapers