A merkair ffewisk Periodical Carter
CLIFTON Antall& - CINCINNATI 20, 01110
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PAGE THREE
THE DETROIT JEWISH CHRONICLE
THE TRUST COMPANIES AS
GUARDIANS OF ESTATES
Bank of Detroi
43 Fort Street West
Savings Accounts
Commercial Accounts
Foreign Exchange
3% on Savings for entire time
money is on deposit
By JULIUS C. PETER,
of Detroit Trust Company.
HOMER WARREN
is particularly true with the present
complicated income tax and inheri-
tance tax laws where a mistake on the
part of the executor may result in con-
siderable loss to the estate. Some
one has said that it man once an
executor finds himself always a pris-
oner, because he is obliged to give
much more time and attention to his
trust Work than to his own business.
It is also true that there is scarcely
a more fruitful source of discord be-
tween relatives and friends than is
brought about over the administration
of estates and trusts. The individual
executor runs the risk of finding him-
self at loggerheads with the members
of the family who Ili/ not appreciate
the legal restraints tinder Mitch he is
AND COMPANY
The year 1919 so far has been a
good one for the trust companies of
the state. While deposits have not
greatly increased, the bond business
received a remarkable stimulus after
the successful flotation of the Victory
I.iberty Loan. There has been a
great demand for all classes of se-
curities, especially for municipal
bonds, on account of their total
exemption from the income tax. It
is still possible, however, to purchase
both municipal and corporation bonds
to yield a very favorable return.
As regards the trust business, the
handling of estates, agencies, etc.. it laboring.
is encouraging to note that each year
Life Insurance Trusts.
an increasing number of Michigan
Another increasing source of busi-
people are turning to the established nes, for the trust coning:nes is found
trust companies of the state in nani- in hie insurance trusts.
It is a re-
ing executors and trustees under
that an enormous
their wills. Speaking for ourselves. I g n•ttalik
o f money is lost or squall-
tt, inott. iit of
can say that a greater number of will,
year by inexperienced
have been deposited with us this year
"e"°
peopl e g „ beneficiaries of life insurance policies.
than ever before. Just as
„ 1 oder this new arrangement, how-
to an architect when they build
ever. a man can make his insurance
house, or to a certified public account-
aYa ble to trust company as trustee
ant for an audit, they are coming to • Por
his family, and thus make sure
f
the trust companies to handle their that the money will he invested safely
estates or manage property in trust. and not lost. Insurance is also taken
They realize that better service is tol , out to pay the inheritance tax, and
be had by going to a company spe. 'le balance lett over, it any, is turned
cially equipped for the work, a„d ' back into the estate.
that the fees are fixed by law.
That trust companies in Michigan
are successfully endeavoring to keep
Assumes Individual Burden.
pace
with the development of the
The wonder is nowadays that any
individual can be tempted to assume property interests • of the state, is
the duties of an executor or trustee, shown by the increasing number of
with all the burdens entailed. This people of this state.
BRANCH OFFICES
REAL ESTATE
MORTGAGE LOANS
RENTALS
INVESTMENTS
APPRAISALS
COLLECTIONS
Managers of Office and Apartment Buildings
INSURANCE
Fire, Liability, Compensation, Automobile, Boiler
Burglary, Plate Glass, Explosion, Health
and Accident
BONDS
1227 Chamber of Commerce
Telephone Main 6406
References: Peoples State Bank, Dime Savings Bank, Merchants
National Bank
, city fathers have long spared it.
doubtless influenced by the fact that /
while the birth rate was very high,
namely, 33 to 39 per thousand, the
e
int
umssiumnimi nanassumioattisminsittiiaimuunannituntimaiagannmuumi..
mortality was very low, 13 to 16 Per imaininamicansitaassiaminio
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fel
Dat - thousand, which compares with 2 .1
Jewish Community Center
in other quarters of the city. The 1
Residence: Cedar 2439
ing From 1590 To Be Cleared population thereof has been less sub- a
Phone Cadillac 5386
Famous Amsterdam
Ghetto Condemned
I
2260 W. Jefferson Ave.
479 Hastings St.
2148-50 W. Fort St.
435 Woodward Ave.
1150 Russell St.
of Unsanitary Houses. New fret to infectious diseases and tuber -
Buildings To Be Constructed. cidosis, while infant mortality was
B
a
F.
—
The inexorable housing reformer
has reached the famous Amsterdam
Ghetto• and is making a first assault
the miniature Jewish state that
on
"Oh, it's nice to get up
in th' mornin'
to a cup of
McMillan Coffee
Choice Meats
Home Baked Goods
Fresh Vegetables
Rare Imported Products
G. & R. McMillan Co.
Woodward atiFort
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W
Side
S p ecializing in West
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chaplain. has been elected as minister ri
removal.
Despite the deplorable housing Ise Co-- ,,.vation Emanu-El, of Spo- =
conditions obtaining in the ghetto, the kane. Wash.
'MOW MOW 410( >31% , •
.W.
111 .%
DETROIT, MICH.
1 712 Ford Bldg.
John R. Mercier, Vice-President
Oils, Industrials, Mining and
Curb Securities
Chas. R. Woolensack, Sec'y-Treas.
Christ Yauch, Superintendent
Established 30 Years
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COMPANY
liability of the
Successors to the
S
HOWIE ROOFING COMPANY
"STONEHAM"'
Phones: Main 2173-630
N. A. Bloom, Manager
Manufacturers of
Copy on Request
Windows and Skylights
Insurance of All Kinds
Roofing and Sheet Metal
Let Us Solve Your Insurance Problems
Chas. A. Stoneham & Co.
Work of the Better Class
0
Roof Repairing of all kinds by ex-
pert mechanics at reasonable
prices. All work guaranteed
Established 1903
We furnished the Sheet Metal
W o r k, Roofing and Fireproof
9th Floor Real Estate Ex. Bldg., Cadillac Square
Doors on St. Francis Home.
Cadillac 6150-1-2-3
NEW YORK
BOSTON
g
.x.-...,.>m-acoog,-,20,
PHILADELPHIA
370 374 Fourth Ave.
TORONTO
Glendale 271
HARTFORD
MILWAUKEE
"NO PROMOTIONS"
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AUTO
RENTS
FIRE
COMPENSATION
LIABILITY
BONDS
f*.
Private leased wire system connecting all our offices in the following cities:
CHICAGO
Y.
95 Fort Street West
to
Fireproof Doors
$
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ga r a - rno s ..,
WEEKLY MARKET LETTER
•4
a
Jacob Guthard &
Son Co.
THE HOWIE
„./".
No one interested in the market either as an investor or speculator
on our mailing list to receive a copy of this
should fail to place his name
full-of-value publication. Comparison will prove the unusual merit and re-
a
=
• iti
R. Burns, President
Hugh R.
E-
X
a '
Factory Sites, Acreage, Subdivisions
-
— -
• • • • • ;€
B. A. HORGER I :.
'_
A Department
for
Every Table Need
Fruits
1
a state loan.
flor.
oNMe hundred houses hare nowi
The big settlement of Jews at Ant- '
been condemned, of which the expro- =
sterdam dates front 1590. The first
',elation cost is put at $400,000, while
Portug ese Jews arrived in 1593, and the state has been asked for another
the Polish Jews followed in 1654 • loan of $400,000 for the new housing a
each and all being driven from less
. scheme. The idea of again making 1
enlightened parts of Europe and lie-
L'ilenlitirg a residential quarter has H
ing attracted to the little Dutch re-
had to be abandoned, and it is to IR
public by the religious toleration
be turned into an industrial district. l.
there enjoyed.
Plans have been drawn up for the '1
In Amsterdam their fortunes have
dwellings in an-
of 3611 Hew
ebbed and flowed, but on the whole , e r e c tion
le .r onarter of the city, half of 1
the wealth of the Jewish community °I,
e
ill 1 cloitcn lett, naet ()bre I the e , ;:
,,i
s.ini2con anumber
was such as to render it one of the w
week, tine
most influential classes of Amster- state adding 20 to 30 cents in some I l- I.
_
dam. Today there are ten syna-
X
-
gogues in the city, and the fact that leases.
=
they
are
situated
in
the
old
Jewish
•
Rabbi Julius W. Leibert, who I g•
quarter is one of the difficulties of served (hiring the war as an army I 1.
It carries the cheeriest of morning greetings.
You look forward to its rare charm and rich flavor.
All the mild grades—carefully blended.
Staple Groceries
I
always lower than in neighboring
quarters.
Nevertheless, sufficient ground for
, orastic action was at length found
in the narrow streets of the ghetto,
has existed for more than three cen- with their one-room tenements and
tortes in Holland's capital oil the the badly smelling pools or "canals."
Zuyder Zee and has constituted for . I rachotno raged there for years. On
the modern tourist one of the sights one site of less than 100 feet square
of the city. One of the most thick-
ly populated quarters, the part known there stood 62 dwellings inhabited by
large tamilies. A ladder led from one i
as the "island" of L'ilenhurg, has been tenement to the other. The only
condemned, and is gradually being tight side of this condition of affairs
cleared of its several thousand in- was the low rent—as low as 15 1
habitants, for whom new homes are American cents per week on the top 5
=
to lie erected elsewhere by means of '
See Us Before Making a Definite Decision
Three Trunk Lines
;MEM
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