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EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY, OCTOBER 10, 1922
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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.
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SOUTH
AMERI
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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
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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."
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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
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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.
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Exalted Ruler
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