A merkair ffewisk Periodical Carter CLIFTON Antall& - CINCINNATI 20, 01110 Pm` 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 — -- l. 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 ••.5* ■ • • g '.. ; B. W Side S p ecializing in West I 2 g E 5 a u a a 1 a a g _ 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 1 :r. ;,1111111111111111111101111111111111111111111C11111111111111111111111(1111111111111111111111101111111111111111111111O11111111111111111111110111111111111111111111101111111111111111111 .g.r a E a r E2-2 a r 03. 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" ..., I > 4 ,MY.X•KeLNAIC011V/AV Id. 4* .2* .:•:. •:•:, .2* .2* '•:•:., :.;•:. >X. .2* - . :".• :.:•:. >V "<€. S ■ 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 $ .g a a 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 BEIMIMIErufBNISIEfircitillErSIMISS EMSISIBISEIBMIEL