W(PiwW . M1 V 'JVJIV '? fet EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY, OCTOBER 10, 1922 R2 j j Sources of Strength The strength and the usefulness of this in stitution are directly traceabjc te the sound policies and conservative management pro vided by the following Directors and Officers: DIRECTORS Asa S. Wing President Jeseph B. Tpwnscnd, Jr. Townsfnd,Elliett&Mun(in,Attyj.-at-Law Merris R. Beckius Morgan, Lewis & Beckius, Attys.-at-Law L.cvi L. Rue President, The Philadelphia Natl. B.-nU Geerge Voed President, Geerge Weed Sens k Ce., Cotten. Goods J. Whitall Nichelson Vice-President, Whitall Tattim Ce., Glass Manufacturers Parker S. Williams Williams & Sinlcler, Attorneys-at-Law Geerge H. Frazier President, The Franklin Sugar Refining Ce. Samuel Rca President, The Pennsjlvania Railroad Ce. Charles J. Rhoads Brown Brethers & Ce., Bankers Geerge R. Packard Stokes, Packard, Haiighten & Smith, Insurance Jeseph Wayne, Jr. President, Girard National Bank Charles W. Welsh , Robt. Glend'nning & Ce., Bankers OFFICERS Asa S. Wing President J. Barten Townsend .... Vice-President Jehn Way Vice-President G. Walter Borten Trust Officer Carl W. Fenninger . . slsst. Trust Officer Alfred G. Scattergoed . . Secy. G? Trees. W. Rudelph Cooper . . . Jlsst. Treasurer PROVIDENT TRUST COMPANY OF PHILADELPHIA Fourth and Chestnut Capital, Surplus, and Undivided Profits A PRINCETON RUES FOR PROF BUTLER Momerial Service for Famous Archeologist te Be Held Saturday U. S. MAY LOSE RARE COINS the niirlent world. Tliev vcrr coined luring tlip reign of the KIiir Croestie, which Itiftcd fiem t'lU te OKI H. C. At the cllv of Nnrilli. which win the cnpltnl of Croeiiis' empire, vrat dl icclly en the trude route from the f',iit , te the Wear, it wnH n Rrcat cemincr- j cln! center, nml Its reliinge wns known nil ecr the nnclcnt world." ' JOHN McCORmYcKsTnGS i BEFORE HUGE AUDIENCE. I '" -- Fourth and Chestnut Streets Jr '" Ifl Capital, Surplus, and Undivided Profits yr T. Mere Than $7,000,000 s Spfrln! nisvateh tn I7ienln0 rub'le l.dle'r I'rlnrctflii. X. .1.. Oct. 11). Accord' init le Pmf. Leslie Shcnr, of Princeton) niveiMty. wlie win llrr ns-ismm i the Inte I'nif. Ilnwnnl Crenby .Sutler In the work of exenvntien en the site i f the ancient city of Niirclls In Af-lu j Miner, there Ih n chance tlint iinilei1 the It-run of the treaty which will end the tireient timililc between Turkey unci CJreeec. American inueiuns will lop nil the thirty uelil Htntcrn, coined tlurini the reign of King Croc-Min, which weic found In excnratlens ill Snrdh Int summer. i 1'nder the trentv at (lie end of the World Wnr. by which Itieecc wn Riven ,n military )iiotectemtc ever the coun try, Atnnilciin nrc hrolepNtH were per milted te tnke home urie-hnlf of the mnlerlnl (hey discovered, but with the Turk legainlng control (if the district I thin rlnusc will undoubtedly be alturid. I All the celim mnv hae te be turned ever le the Turkish Government. 1'ref. Iluiler. former bend of the i Scheel of Architecture of Princeton i rnhcrnity. wns nt the bend of the society which has been at work at itarili. for a number of jenr. Te Held .Memerial Seniors Hii Middin dentil In Purls in ill trlbuted te inahiiial fever. Prof. Ilut- Ut tniM'leil fiem Km.wim te CoiiMitn CeiiMitn CoiiMitn tlneple, where he iittempted te mnke emmcrnienls with the TurkNIi nu nu theritles for the leleii'-e of the mate rial whi'-b luul been found during the "iimmer ami fiem there went te Sicily and then en te Nnple. All the time he was in a weakened condition, se that he died two ln,s nftcr bin ar- 1 rival in n Pnrli he.pilnl. ' Menunlnl ierln-s in memory of Pief. Puller will he held in Princeton en Saturdnv nml ninny prominent men In the lields of ;ih hi lecture nml atchcol atchcel atchcol epy will nllinil. All the hi ok, lntiiiments nml tools wliiih were used In the work of e cnviitliin weie brought te Smsrnn late in the Milliliter when it was rriillcd thai war would prebnbly break out, mid, altlieiiKh thev weie nil Mored In a wnrcheiiMe outside the lire zone. It is belieed the building has been looted, and irtually eterj thing of wilue lest. Hepe te Itcsiimc J"caatlen T'nlevs forbidden by the new treaty. eviu.iting work nt Snrdis will proli preli nbl be iceiiened again seen, in unite I of the less of the alii.ihle equipment, as i he site of the nnelint cltj is one i of the most ferllle sources of nrcbeo nrcbee luginil dnta known nt the piesenl time. i "The thirty Millers," Prof. Shear said, "were the me-i famous coins, of Irish Tener Hat Lest Nene of His' Ability te Charm Hearers Jehn McCormack nppenred before another t.p!enl MeCerinnck nudleme nt the Academy of Music lnt evening that In, one which tilled every sent In the house and overllewcd titien the stnge te the extent of sevcinl hundred per sons. 'flic great IriMi tenor linn appatinily lest none of his power ever an until'. Cllce. Tim flltrlltnrH xei.re lm l. .......... -' - "v -. .. ... . . ,w ., ,., , tn in- Ing tip nnd received the Humid nrius with which the concert opened with moderate niiplnu.e. nitlieugh they weie very well done. Put Mr. MiCennack Is essentially n lvrlc singer, nnd It wns this form which the nudlcnee wnnted le hear. With his llrsl group nf songs the henrera unbent and gave ihe Binger his usual reception. This ;,'ieup was made up of two pc illnrlj iniiittim the songs by Bridge and Ilantedc and Iwo exceedingly fine one-i, "Te the Chil dren," bv Itncbmaiilnefr. anil ihe la tnilinr "Pnnis Aiigelicus" nf C.nv Franck. , ,'t as in the third set of vuigs that Mr. Met ennack wns at bN heM. the lovely Irish folk-song gieup .hillfullv arranged by Hughes. n this metier he ins no rival, both In slngmg them and in the tplrit in which thev are inter preted. The last group was made up of songs by Hegern. Kramer, Prank Bridge and his accompanist, IMwin achncider. Mr. McCormack is n singer with a st.vle nnd n manner all his own and one which is net used 1 nnv ether t-inger. J his st.vle hns an appeal te the nudlcnee which he nlunrs nf tracts and which understands thoroughly both the sings nnd the style in which thev are given. His voice shown no appreciable ennnffn frnm lite elenr tntw... !. i .., wn.vs been, nnd his enunciation was ner- The soloist wns nstnl bv udelph Hechee, an excellent vielinM-. who nor formed well the numheis which be selected. Edwin Schneider played (he ncenmnniilmpnlK uith rrimt ,r...nr i : , : . i.iiiii ii'.'iinv end understanding nml Iticieaseil the high Impression nn te hln iibllllies in this difficult tnsk which be hna made in pre ions nppenrnnees here. Push Plans for Rail Merger New Yerlt. Oct. 10. (By A. P.) A representative of ,T. P. Morgan & Ce. will join today the conference of heads of Ihree trunk-line rnllrends con sidering plnnn for n merger of the Great Northern, Northern Pacific, Chicago. JlmllnRten nnd Qulncy and pessiblv the Chicago, Mllwnulcee and St.Paul Itall-rends. fiTKAMHItir.NO.Tirr.? SOUTH AMERI uMWmmL CUV VLHb a nl WB AVCvmBV WXMijJw 25 -im - H H'H TKAMmp NQTtrK , KTr..Mnir NerrrKW 1 , i M r n imi.7.1 m mm m sesssscfiff'-JJ-i-mP! 7 ' SW JSri I Br 9 rm in 10 davs CHINA inl4dixy3- ' Frem V-necuTer, B. C, tU Victeria fORTNIGHTLY SAILINGS nMumrd by ftmeu "Sinli Mfameri PtnMt. Kt r 1e- te PKIIU anil CHII.K, M the Punama C'aiirI. All cutFlda rooms urxrrii(l culslr RtJtictd llal Ateund'St)ulhAanttca Tour, StnU tulnii Nev. SI Snti Ann Het. 30 SintaTereia Ner. 10 ' Sintu Uin Sec. 14 GRACE LINE, Inc. 10 Hunercr f-ntmrr Nnv lnr'x O- l."P"l Vrent By nacniflecat rret Canadlin Pacific Oean Fliers Cmervts f Canada Emnreu of Australia fmttmtTbn CmirHi f Russia EmprtM of Asia Aereu thm Apptr te Uelfntt or '- CANADIAN PACIFIC E 1 SJTEBDINa Gen Act.. Pii Wet JtiOnan A at 4l'h Ht Nw Tork CUT II. C. CLAYTON, CUV I'.im Ant . ;'J (''sllllt Bl J'hltadclrhlA IVIALLORY TRANSPORT LINES, Inc Operating V. . Gov. Ships GENOA, LEGHORN, NAPLES, MARSEILLES USSB S SOtrefSL Jcjep'.-Nav, 9 GENOA, NAPLES, BARCELONA USSB SS "Luplilc" Oct. 25 CEYELIN & CO., (nc. vnihu Agta 105 S. Fourth St., Phila. Lembard 5144 Main 7791 I lAMtfttCAUNE NEW YORK TO UOITERDAM Via Pb mouth, Eeulctne-Sur-Mer K. AMs.ii-UU.Ul Uei. Jl l.OOUUAM Oct. it Dee. 3Ju, 8 JlOIlEBOAM Net. IDie, aYtlDAU Nev. 11 uac. 16 - VOI.EHDAM (nw) ...Nev. SI . I TuicnrDi em 1331 Walnut St.. Full. AND fllNARD i J' Winter Voyage te the Sunny MEDITERRANEAN Nw oil nurrr K H TUSCAN1A ft. Cil nl'il !. A. SCYTHIA e. ta. CARONIA 'ST JZSM l'cb. IV. Information local agents or CUNARD and ANCHOR LINES, 1300 Walnut St., Philadelphia AHCmQ v-:. w I f Regular Service PHILADELPHIA te MANCHESTER USSB SS "Weil Celim". . Oct. 30 GEYELIN & CO., Inc. 108 S. 4th St., Phila. Lembard 5144 Main 7791 riilndrlplin Asmt for A. ltr.AKi: At O. Inc. Operating U. S. Gov. Shit BALTIMORE LINE Regular Service PHILADELPHIA te GLASGOW & AVONMOUTH USSU. S S "Springfield" Oct. 23 GEYELIN & CO., Inc. 103 S. 4th St., Phila. Lembard 5144 Main 7791 PhiUdMphta Afrit for BALTIMORE STEAMSHIP CO. Operating U. S. Gov. Ships ij ittllilllllilllllUlIlM NEW ISSUE 2,500,000 Southwestern Gas and Electric Company General Mortgage 6 Geld Bends Series of November 1922 Dated November 1, 1922 Due November 1, 1957 Interest payable May I and November I without deduction of the Nermal Federal Income Tex up te 2pe, at the office of the Trustee, Chicago, or at the Chase National Bank of the City of New Yerk. Redeemable en any interest date nt 105 and inter est during the first fifteen years, at 102 and interest during the next nineteen years, and at 100 and interest during the last year. Coupon Bends in interchangeable denominations of $1,000, $500 and $100 with privilege of registration as te principal. Pennsylvania Four Mill Personal Property Tax and present Maryland Security Tax refunded. CENTRAL TRUST COMPANY OF ILLINOIS, Trustee 'A letter of Mr. Henry M. Dawes, President of the Company, copies of which will be supplied upon re quest, has been summarized as follews: The Southwestern Gas and Electric Company conducts without competition the entire gas, electric light and power business in the City of Shreveport, Louisiana, and its suburbs, and the entire gas, electric light and power, and street railway business in the City of Texarkana, Texas and Arkansas, at present furnishing natural gas through its artifical gas distributing systems. The population served is estimated at 100,000. Shreveport and Texarkana are important financial, railroad, commercial and manufacturing centers for a ter ritory having a population of mere than 1,000,000. Upen the retirement of $443,500 Texarkana Gas and Electric Company 5 Bends maturing July 1, 1930, and $4,045,500 First and Refunding 5 Bends of the Company maturing August 1, 1932, these Bends will become an absolute first mortgage en all the mort mert gageable property, rights and franchises of the Company (except merchandise held for pur pose of sale). The replacement value of the property of the Company as determined by independent engineers is substantially in excess of the Funded Debt The properties have been well main tained and are in excellent physical condition. During the past ten years the Company's net earnings, after deducting all operating ex penses, taxes and $1,165,399 for maintenance and renewals, have been mere than 1 times the interest requirements en its entire Funded Debt. Every year during the last ten years the net earnings have been mere than the annual interest charges en the present Bended Debt of the Company, including this new issue, the net earnings for the year ended Septem ber 30, 1922, being ever 1 times the annual Bend Interest, including this issue. The Mortgage will require the Cdmpany te set aside as an Improvement and Sinking Fund annually 1 of all outstanding General Mortgage and Underlying Bends. This Fund must be used cither for retiring Bends issued under this mortgage or underlying bends or for permanent extensions, improvements, enlargements and additions, en account of which no new Bends may be issued. The proceeds of this Issue and of $830,000 of Preferred Stock will provide funds te retire $2,034,500 maturing Bends and Debentures, and te pay certain floating indebtedness incurred for capital expenditures. These properties are owned and operated by the Dawes Interests of Chicago. Legal proceedings te this l.iufi will lie pmiett upon ler the Company by Meir. Pam It Kurd, Chicago, and for the Cankers by Mesari. Cotten and I rsnklin. New Yerk, The properties of the Company have been examined by Messrs. Hagenah and Enclunn, Chicane l.nglneert he books and accounts for the year ended August 31, 1922, have been audited by Messrs. Arthur Andersen tt Ce., Chlcase' Public Accountants. Bends, arc offered, when, as and if issued and received by us, subject te approval of legal proceedings by our counsel, and of the Rail Rail read Commission of the State of Arkansas. It is eipeeted that interim receipts of the Central Trust Company of Illinois will be ready for delivery en or about November I, 1922. ' We recommend these bends for investment Price 90, te Yield 6.75 H. T. HOLTZ 8C CO. 39 Seuth La Salle Street CHICAGO CENTRAL TRUST COMPANY OF ILLINOIS 125 West Menree Street CHICAGO HAMBLETON 8C CO. NEW YORK BALTIMORE Ths statements made In this dvsrtlsstntnt ar. based en Information upon which wa have railed la ear purchase of thes. securities, and, wall, net guaranteed by us, ar. believed te be correct. "These bends hsve all been sold nnd this ndvertlsemeWt appears as a matter of record only." J? .. . : m PHILADELPHIA MUST ALWAYS LEAD PHILADELPHIA LODGE OF ELKS Twenty-Year General Mortgage 6 Sinking Fund Geld Bends Dated October 1, 1922 Due October 1, 1942 Interest Payable April and October First Free from normal Federal Income Tax and present Pcnna. State Tax Kensington Trust Company, Trustee. A Sinking Fund of net less than Fifty Thousand Dollars ($30,000) a year te be set aside for the redemption of these bends. These bends have a very high investment standing as they will be secured by mortgage en a new building costing $2,000,000 te erect in addition te the site, which cost $750,000; located en the west side of Bread street and the south side of Weed street, extending one hundred sixty-three feet en Bread street and one hundred ninety seven feet in depth along Weed street, making a total of thirty-three thousand square feet. This section of the city is rapidly increasing in value, which will guarantee even additional security for these bends. The Philadelphia Ledge of Elks has a membership of ever S000 which is still increasing and insures the stability of these bends. ' ' " The bends will be sold at par of $100 in denominations of $100, $500 and $1000 FACTS 15 stories high. Granite nnd lime stone. Entrance of thoroughfare te new Delaware River Bridge. Restaurant and Grill. 350 bedrooms with bath, thewer and running ice water. An entire fleer devoted te the largest and most artirtic Ball Roem in Philadelphia. 2500 seating capa city. Swimming peel 40x75. Complete gymnasium. Squash and handball courts. Turkish baths. PHILADELPHIA LODGE NO. 2, B. P. O. ELKS r Ittiaasi' 1 Isi ins'Saaii 'as i as"a Tl iTr'ssWaH . WfV V. 1 -fttr JTS. iAi tT Mt 'f.B tlff'" I1 ' jsMMMJMMatsi ( f JKftHKftm "' SHJVLaaarVPaR E'lWWfHfHliJj'JJI sM--.lL , iT"1 V 'h. unmw a tMM x A Cause for Civic Pride Full descriptive circular, mibacrlptien blanks and anu ether information as te security, etc., will be furnished upon application at the Elks' Heme, 1320 Arch Street. 8Z&Ls4&s?& uL Exalted Ruler m - ' WMrv, jT??b5!!3 A i ,. j t 'MMKSsmm&H pp-MMMrtAfeMku- mmmm
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