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PAGE SEVEN
•-••
THE DETROI1 JEWISH. CHRONICLE
MMI
ll
IN FINANCIAL DETROIT
001:101=10=101=0=100000=000
0
U
O
National bank protection for your
savings; the highest possible type of
service and co-operation on commer.
dal accounts; and, it you desire to
send money or do business overseas,
a world-wide connection that assures
satisfaction; thee are Just a few of
0
tile advantages you gain by doing
business with this bank.
U 0
• Pays 10% stock dividend.
Martially estimated.
0
fiRSIVOLD DETROIT
XSTIOMLBANK
MEMBER FEDERAL RESERVE BANK
0=01=10=0=0=0===01:i
E
Bonds
Bonds
Dansard-Hull-Bumpus Co.
Investment Bankers
47 Congress:St. W.
Detroit
Stocks
Stocks
Federal Motor Truck
$1,000,00000
1,883,864.00
Outstanding Common Stock
Surplus (Jan. 1, 1920)
Dividend Rate 3% per month.
Since 1913 Federal Motor Truck Company has paid stock dividend
totaling 350%.
In view of the tact that the Supreme Court has declared that stock
dividends are non-taxable, the significance of the above figures is
readily manifest.
Call our Trading Department for further Information.
O'Hara, Ferriss & Co.
Members Detroit Shock Exchange
Cherry 829
Second Floor, Dime Bank Bldg.
Offer
MICHIGAN
IH
O C wn IGAN STATE TELEPHONE COMPAN Y
er
W
First Mortgage 5% Bonds
Dated February 1, 1904.
Due February 1, 1924
Principal and semi-annual interest payable In New York
Authorized, $10,000,000.
Outstanding, $9,715,000
These hoods are secured by a first mortgage on the
entire property of the Michigan State Telephone Com-
pany, representing an Investment of over 140,000,000.
This Company serves the City of Detroit and other sub-
stantial territory in Michigan and is controlled by the
American Telephone & Telegraph Company, whose net
earnings for 1919 are reported as approximately
345,000,000.
PRICE, 89 and interest, to yield 8.25%
Watling, Lerchen & Co.
INVESTMENT BANKERS
Telephone, Cadillac 2302
Detroit
O'Hara, Ferries & Co.
BILL CONSTANTINOPLE JEWS
FAVOR OCCUPATION
New York.-Renewal of the fight
OF CITY BY ALLIES
on the part of the Jewish constitu-
N. Y. JEWS RENEW FIGHT
FOR SABBATH
ency of the state of New York was
begun anew last week, when the as-
sembly codes committee held a public
hearing on the Sabbath hill No. 310,
introduced by Assemblyman Samuel
Dickstein at the instance of the Jew-
ish Sabbath Alliance of America
(Agudas Am Israel and Tonichai
Shabos) with national offices at 110
Fifth avenue, New York City.
Rev. Dr. Bernard Drachmae, presi-
dent of the Jewish Sabbath Alliance
of America, explained to the commit-
tee that Jewish citizens who are ful-
filling all the duties as such should
at least be given the same recognition
by the state law makers as is accord-
ed the Christian citizens of the state.
That the state should not force these
Sabbath observers to abandon their
day of rest and take up another which
He
is altogether strange to them.
also mentioned that the Sabbath Alli-
ance received a number of petitions
endorsing the Sabbath bill from the
Christian clergymen who thought
that this would in no way interfere
with Sunday, the Christian (lay of
rest, and that this bill is meant only
for the conscientious seventh day
Sabbath observers.
The delegation, headed by Dr.
Drachmae, consisted of representa-
tives of a number of Jewish and non-
Jewish organizations.
Some of them were:
William
Rosenberg, secretary of the Jewish
Sabbath Alliance; J. H. Luria, Morris
Asofsky, loser Roznik. Raphael Savit-
zky and Counsellor Shonzeit of the
Eldridge Street Merchants Associa-
tion; Rabbis M. S. Margolis, Siegel
and Rosenberg of the Union of Or-
thodox Rabbis; Counsellor Harry
Fremberg represented the Union of
Orthodox Jewish Congregations of
America; Miss Bendel' of the Coun-
cil of Jewish Women, and Rev. Dr.
!detained of the Union of Synagogues.
Dr. Victor A. Nelson, a Christian
minister of Beacon, N. Y., represented
the non-Jews of the state, and put
before the committee the attitude his
co-religionists take to this measure.
After telling the committee of his
twelve years' experience wills the
Sabbath question, he told them that
this bill is not only meant for the
Jewish Sabbath observers, but also
for the great amount of Christians
who observe the seventh day as their
day of rest.
An assemblyman in a splendid ad-
dress showed that the Jewish people
of New York have been very patriotic
and that they have shed their blood
oil the battlefields of France and
therefore they should be granted this
request of religious liberty in recog-
nition of their devotion to the U. S. A.
The passage of this Dickstein Sab-
bath bill is expected at this session.
reconstruction plans advanced by
Isaac Herbst, consulting engineer of
Chicago and member of the execu-
tive board of the Zionist Society of
Engineers and Agriculturists, with
headquarters 55 Fifth avenue, New,
York city.
In a report to the Engineering So-
ciety, whose personnel is working out
gigantic projects for the restoration
of the Holy Land, Mr. Herbst de-
clares that concrete will be the chief
building material in Palestine for
many years, particularly in all hy-
draulic works contemplated, in agri-
cultural buildings and in houses.
"Palestine has plenty of the ma-
OPTOMETRIST CONTINUES
and ingredients necessary for
WORK WITH LOCAL FIRM terials
the production of cement, lime and
•
gypsum," tie said. "As soon as con-
ditions permit, a modern cement plant
will remain
for another
as Who
manager
of Friedberg's
optical year
de- with lime kilns combined, must be
erected
with a minimum annual ca-
partment. having served in that ca-
of and
200,000
barrels
of not
cement."
pacity with Ilcyn's Bazaar and the pacity
Cement
concrete
are
only
Garlick Jewelry Co, Dr. Koplowitz most suitable in Palestine's building
enterprises, but they are most eco-
nomical. according to Mr. Herbst.
who pointed out that acqueducts, res-
ervoirs, dams, sewers, fence posts,
cisterns, farm outbuildings and dwell-
ing houses could easily be constructed
with available materials in Palestine.
The brick industry can also be
easily established in the holy Land,
Mr. Herbst declared, but he empha-
sized that where the proper clay is
available, the houses will be of con-
crete blocks and stucco.
The initial stages in the recon-
struction plans of the Zionist engi-
neers will be put into operation
through the $10,000,000 Palestine Res-
toration Fund, which is being raised
this year by a non-sectarian campaign
throughout the United States. One
of the chief phases of this program
is the afforestation of Palestine. Un-
til a sufficient lumber supply is se-
cured, Mr. Herbst plans to meet the
shortage by the utilization of cement
and concrete.
DR. LEON H. KOPLOWITZ.
is a graduate of the Southwestern
Optical College and has been in active
practice for the past 11 years. He
is a member of the Detroit and Michi-
gan State Society of Optometrists.
The New Era
in Business
Thin 1. a period in buainees ille-
tory when the fundamental. and
Verities are the thine. sonata
after.
Itualneen men Sr. !Dinkins In
Matter terms. seeing things In is
truer peroper live. The Inteneive
enirit of 4iost-war coniMerce gore
beyond surface tuanifeetatIon• to
thu very bottom of things.
In the forefront of those tisa-
nes which are althea In this big-
ger way of doing buttlnee• are the
Certified Public Areolinl•nta.
tea.
Certified Public Accountants
Cherry 271.
Penobscot Bldg.
Woolworth Bldg., New York
GOLDMAN & ULLIAN
CIVIL ENGINEERS
SURVEYS-Land Subdivisions, Muni.
died !Ayouts.
STRUCTURAL DESIGNS-flans, Es-
timates, Reports, Supervision.
Tel. Main 2043
225 Farwell Bldg.
Surveying within 24 hours.
A. W. Wallace & Co.
Detroit
New York
Grand Rapids
Listed
and
Unlisted
Stocks
•
3. "The
The new Italian cabinet contains
among its members two Jews, name-
ly, Luigi Luzzatti, who has been Pre-
mier, receives the portfolio of Secre-
tary' of the Treasury for the sixth
time; the other is Ludovico Mortara,
Minister of the Department of Jus-
tice. Mr. Mortara is the son of the
late Rabbi of Mantua, and before his
call to the cabinet was Chief Justice
of the Supreme Court of Italy.
GLADYS BELLE OIL COMMON
M. DEAKIN & CO.
Grand Rapids
Furnished by Statistical Department of
Local market condit'sms have un-
doubtedly changed for the better. The
present strength of the securities
listed on the Detroit Stock Exchange
reflect the improved condition of se-
curities in general. Since the 15th of
March, when tax payments were due,
the strain on the money supply has
been lessened, and the monetary sit-
on has been easier. Another con-
structive factor of recent slate was
the recommendation of Secretary
Houston for a revision of income and
excess profits taxes.
The local motor stocks have been
in strong demand during the past
Principal among these have
Week.
been Continental, Packard, Reo,
l'aige, Ford of Canada, and Federal
Motors. The last mentioned secur-
ity has shown marked strength re-
cently, enjoying a substantial advance
over its price level of last week. Pub-
lic Utilities are also stronger, Amer
can Light & Traction and Edison
PA RIS.-The perspective occupa- both advancing (luring the s tourse of
tion of Constantinople by the allied the week. Among the oils Gladys
troops may save the lives of fifty Belle continues to lead, while other
thousand Jewish refugees from south- industrials which figured in the week's
ern Russia who have recently arrived transactions were Parke Davis, Mich-
in Constantinople. The Constanti- igan Sugar, Western Knitting, Char-
nople Jewish community is too poor coal Iron, Detroit & Cleveland and
to care for these refugees and if not Hayes Manufacturing.
for the help extended to them by the
Red Cross, by the Joint Distribution
Committee and by English Philan- JEWISH CHATAUQUA TO
thropic Agencies, their fate would tie
MEET IN CLEVELAND
a terrible one. Many of these refu-
gees are anxious to settle in Pales-
tine, while others contemplate return-
Philadelphia-At a meeting of the
ing to Russia as soon as conditions
board of directors of the Jewish Chau-
will permit. For the time being how-
tauqua Society, held in Philadelphia,
ever. they can do neither, because the
an invitation extended by the Rabbis
gates of Palestine are not as yet open
of Cleveland, Ohio, to hold the twen-
for the Jews and the return to Russia
ty-ninth annual assembly of the so-
is out of the question. In Constan-
ciety in that city was accepted. The
tinople they can not do anything to
assembly will be held December 26 to
make a living and are thus dependent
30, 1920. A meeting of the program
upon charity. It is reported that
committee will be held in order to
many of these unfortunate refugees
outline and prepare an elaborate pro-
belong to the best Jewish families in
gram for this assembly.
Southern Russia. The Turks do not
The outline for the lectureships in
display too much benevolence to these
the summer schools of the universities
starved and pauperized Jews and
for the session of 1920 was presented
they are often molested and attacked
and lecturers will be sent to twenty
by the Turkish 'nob and allied mili-
universities.
tary occupation of Constantinople
A winter course of lectures was in-
may not bring about an economic situ-
augurated at the University of Vir-
ation in the life of these refugees, but
ginia. An enthusiastic report of the
will certainly give them protection
course given by Rabbi Abram Simon
and safety. Those who can do useful
was received: "Some Curiosities of
work will certainly be employed by
Jewish History."
the army of occupation. Altogether
1. "The Quest for the Lost Ten
an allied army in Constantinople will
Tribes."
be of many advantages to these refu-
2. "Where Was Christopher Co-
gees and will probably be instrument-
lumbus Born?"
al in making the allied governments
Sevennteeth Century Mes-
take an interest in these fifty thous-
siah."
and starving Jews from southern Rus-
4, "Was There Ever a Jewish
sia.
King in Poland?"
The lectures were attended by over
500 students, professors and people
PALESTINE A LAND OF
from the local community. Upon re-
CONCRETE AND CEMENT quest Dr. Simon addressed two class-
IS AIM OF ENGINEERS es at the university: "Short Stories
of the Bible" and "The Ethical Phil-
osophy of the Hebrew Prophets."
New York-Palestine, because of
its shortage of lumber, will be a land
of cement and concrete, according to ar-
Information regarding recent interesting developments will be
furnished on request.
Ground Floor, Peoples State Bank
Bldg., 56 Congress Street West
WEEKLY MARKET REVIEW.
STOCK LISTINGS.
Furnished by Statistical Department of Otis & Company. brokers, 200
Majestic Budding, Detroit.
Surplus
l'er
No. of
Share
Surplus
Div.
Shank
l'ar
Natne
943.27
910.576,261
244.362
1110
•111%
American ht. & Traction
.51
61,713
101,740
10
....
Auto Dotty
635
350,472
60.11(10
10 Varies
Bowen Itoller DearingS
1.16
0696.6113
253,935
10
....
Charcoal Iron CO.
1.42
545,535
31111.0011
10
12`,:t,
(Zolumbia Sugar
1.57
58,655
50,000
12%
10
llumniett, Motor Truck
4.56
3.827,695
772,737
5 0 ,5
10
ntittental Mol ore
2.110
1,566,970
56,550
705
Detroit & Cleveland Navigation 55
111.33
2.665,755
257.390
DM
41%
Detroit Edison
14.00
258.505
13,104
100
6%
Detrot Naive & b Minas
15.83
1.883,564
100.0081
0
36°,•
Federal 'I ruck
75.25
5,274061
70,000
35%
150
Ford of Canada
.66
4,374,860
6.600,000
12%
Gladys Belle
1
2.33
355,0110
1511,000
10
Varies
Hayes 5Ifg. Co.
1.55
200,000
365.595
12%
10
lloiland & St, Louis Sugar
4.22
548,776
Di%
130,500
10
91ichigan Slimming
3.90
2,578.006
747,110
tl%
10
Michigan Sugar
14.35
16,992,250
1,184,103
111%
10
Packard
27.70
4,154.445
150,000
10
96%
feign-Uri full
14.20
6,720.832
473.554
25
16%
Parke, Davis
5.60
6,355,334
693,725
10
Ill%
Reok
1-Ts171
C.
Members Detroit Stock Exchange
Telephone Main 5480
801.2 Dime Bank Bldg.
A. W. Wallace & Co.
(Members Detroit Stock Exchange)
Penobscot Building
Cherry 2800
11
Religion-
Education-
Thrift-
are the three essentials to real success. Are you
satisfied with the story your bank book tells?
Save Something Regularly
IRS
"E F
ATE BAN K
OF DETROIT
Established 1853
Lafayette and Griswold
Nine Convenient Branches
OTIS & COMPANY
(Members of New York, Detroit, Cleveland, Chicago
Stock Exchange)
ORDERS EXECUTED IN MOTOR, RAILROAD
AND INDUSTRIAL
STOCK ON ABOVE EXCHANGES
Second Floor Majestic Bldg.
CADILLAC 6502
TAXI
Broadway Taxicab and Messenger
301
CADILLAC 302
303
ABE HERTZBERG, Mgr.