THE DETROIT JEWISH CHRONICLE
IN FINANCIAL DETROIT
STATEMENT BY DANSARD-
HULL-BUMPUS COMPANY
Municipal issues which are being
offered at attractive rates, the bonds
being absolutely tax free in Michigan
Among the Investment Banking as well as being free of the Federal
Houses which have recently been in- income tax.
The company is always glad to give
corporated in this State and are oper-
ating in this city, (there is the firm of any information on securities, both of
DANSARD-HULL-BUMPUS COM- local and outside corporations, and its
l'ANY, with offices at 47 West Con- files are always at the disposal of its
clients in such matters. Very often
gress St.
This company was incorporated securities are offered to the individual
May 1, 1919, under the name of Dan- without satisfactory descriptions of
sand, Hull & Company, the original the properties involved and a part of
incorporators being Mr. Benjamin the investment service is to enlighten
Dansard, of Monroe, Mich., and Mr. the public on every point as to the
Charles B. Hull, of this city. After a security which they may be attracted
successful operation for five months, to but on which sonic small points
, may make them hesitate to purchase.
an opportunity was offered for the
will welcome inquiries
consolidation of this business with This
the company
•
old established municipal bond house at all tunes and be very glad to get
of Bt & Company. This con- any information for investors that is
solidation took place first of Decem- within their province to obtain.
her, 1919, the company increasing its
authorized capital to two hundred
thousand dollars ($2(10,000).
Through the consolidation the new
firm gained the advantage of having
connected with it Mr. Kirk G. Bunn
BERL1N—The publication, "Das
pus, w h o has for the last seventeen
years been doing business in Detroit Tagebuch," states that after reading
under the firm name of Rumpus & one of Dinter's anti-Semitic novels
Company, and in that time he has pur- ex-Kaiser Wilhelm said to his part-
chased and sold many millions of dol- ner, "It is just as Dinter describes it
lars' worth of Michigan tax free mu- in his novel. Not the German peo•
nicipal securities, his field of opera- plc, but the Jews and the Jewish so-
tion having been largely centered in cialists bertaycd me."
Truly the wisdom of a Kaiser has
the counties of Wayne, Oakland, Ma-
no bounds!
ulit), Monroe and Lenawee.
As Syndicate Participants
we offer unsold balance of
$5,953,000
Detroit Edison Company
First and Refunding Mortgage
6% Bonds
Dated July I, 1915; Due July 1, 1940
Price 89 to Yield Over 7%
Cheriy 4877-78-79
The firm of Dansard-Hull-Bumpus
Company offers to the investors a
comrlete service along investment
lines, having a very well established
stock department and being able at
all times to offer a complete line of
investment bonds to its clients. The
company is a member of the Detroit
Stock Exchange and is thereby able
to offer its clients the service of such
an Exchange and at the same time en-
toys the privilege of being on the lists
of the larger houses in Ness• York and
Chicago who are offering large under-
writings of corporations and govern-
ment bonds in this count Ty and
abroad.
The company has at the present
time to offer such bonds as the De-
troit Edison Company First and Re-
funding Mortgage 6' Bonds, due July
1, 1940, which they offer at 89 and in-
terest to yield over 7%. The coinnany
also has a small amount of the King
Boni of Belgium External Gold 7V:r1
Bonds which are offered at
These bonds are callable in 1921-104.
at the rate of 115% it being under
stood that two million dollars ($2,
000,000.00) of this issue will be re
tired each year, 1921 to 1945, at thi
rate. The company also has severa
very attractive Tax Free Michigal
We Recommend theh Following Bond Issues For the
Conservative Investor
Detroit Edison Co.
1st and Refunding 6%
Due July 1, 1940.
Price 89 and Interest to yield over 7%.
KINGDOM OF BELGIUM 25-YEAR EXTERNAL
GOLD LOAN
Due June 1st, 1945.
Redeemable by lot 1921 to 1945 at 115.
Price 971/4 and Interest to yield 7 3/.6 .
Dansard-Hull-Bumpus Co.
Woodlawn Ave. Single
$2,500 Down
Immediate possession, 10
large room house, newly
decorated. Lot 40x125. A
real bargain at $10,500.
47 Congress St. W.
Detroit
Frischkorn
Member Detroit Stock Exchange
Main 3410
BRANCH 2299 WOODWARD AVE
HEMLOCK 6728
MAIN OFFICE 101 FORT ST. W.
Fierorr'4.
a
A Dividend
Check of $15.00
Every Month
A Striking Parallel
The necessities of reconstruction following the Civil
War caused so strong a demand for capital that
C.
c.
coupons made their appearance on many of the foremost
bonds of the country. As conditions became normal,
these bonds commanded a handsome premium.
A similar condition exists today. After a period of
destruction and upheaval, the Government, tininess and
all Industry are paying high interest rates for fresh
capital. Herein lies the opportunity of the thrifty tind
far-sighted investor.
The facilities of this house are at roar disposal to
assist you in the careful selection of high grade rectal-
ties.
Chas. A. Parcells & Co.
You can be assured of
this amount each month by
Investing $1,950.00 In 30
shares of Cities Service
Company 6. Preferred
Stock.
Yield is 9.23%
Ask for Circular
C. M. Deakin & Co.
801 Dime Bank Bldg.
Main 3770
A. W. Wallace & Co.
Detroit
New York
•
THEWScifL
Life Insurance Safeguards
The Happiness of Your Loved Ones
Your life work consists largely in caring for those
DEPENDENT upon you.
You have the natural desire to give to them the
best in every walk of life.
The SAFEST and SUREST way to Provide a DE-
FINITE and-DEPENDABLE ESTATE is by means of
a policy in the
Grange. Life Insurance Company
LASSER & SCHUBINER
GEN. AGENTS
627 Chamber of Commerce Bldg.
MOE LEITER
GEN. AGENTS
811 Smith Bldg.
Wind Mill or Dynamo
Windmills soon became obsolete upon the introduction of
electricity—the windmill could furnish power only intermittent-
ly—and was subject to many unfavorable influences. The dyna-
mo produced a steady supply of energy and wile etniStatitly
dependable.
So with investinents—certain securities at times yield seven
or eight per cent; but, like the windmill, they are not depend-
able—tomorrow, they may yield but two or three.
What Are
your Profits?
Our First Mortgage Bonds secured by Detroit Real Estate
furnish a steady non-varying Income-65(. They are not influ-
enced by financial or economic conditions. Thq are the dyna-
mos of the investment field.
Ilusiness organixations whose
accounts and papers nre regular-
ly audited by a Certified Public
accountant, know exactly where
they tire, where they are headed,
and what protits they are making.
"pinions and estimates
are eliminated.
These bonds come in denominations as low as $50, are tax
exempt In Michigan and mature in from two to ten years.
For your greater convenience our office remains open Monday
evenings from 6 to8 o'clock.
The Certified Public Accountant
turns the spotlight on the true
state of affairs, and through his
professional knowledge Is capable
of correcting dangerous con-
ditions that would otherwise ea-
cape attention,
G G
ft Cale Da° . 4
•
COUPORATION
Er
6:
14(
Third Floor
Untitled Public Accountants
Penobscot Bldg.
Real Estate Exchange Building
Main 1041
Woolworth Bldg., New York
45,000 Shares
Shotwell Manufacturing
Company
Incorporated under the laws of the
State of Illinois.
8% Cumulative Participat-
ing Preferred Stock
,
Main 1823
V,
9
UNLISTED STOCKS
Protective Service to Clients
Exempt from Normal Federal In.
come Tax and Perscnal Tax
In Illinois
WE WILL BE PLEASED TO FURNISH YOU WITH INFORMATION
CONCERNING ANY UNLISTED STOCKS Olt BONDS WHICH l'01 -
OWN AND OF WHICH YOU HAVE HAD NO RECENT NEWS.
Preferred as to assets up to $10 per
shale and to dicldenda LID to I .S0 per
slime, which shall 1,e cumulathe. after
h II p:IrtIcloates with the Common
I; in all 411,1olends greater than
t se p,•r sha re.
e
No par value: callable
III :0/ Ito "OM le after Xlateh I,
Ithfilmels parable Starch, June, Set.
(ember and 14,4-.111110r lot.
CAPITALIZATION
jr,forted Stock Sq Cumulative Par-
t' , Mating Cht ,, "A" (no uor v.dtie),
TIIRU OUR LOCAL AND OUT-OF-TOWN CONNECTIONS WE FIND
MARKETS FR SECURITIES NOT LISTED ON ANY OF THE
STOCK EXCHANGES.
as,onn shares.
guist.ludinz
Common Stork loo.0410 shares Class
"II - (no par •alue), authorized 100,00J
shares, outstanding illo.0o0 shares.
Tlnr l'umpany has no 11101 (gage debt.
W. G. SOUDERS
& COMPANY
1433 DIME BANK BUILDING
CADILLAC 6010
CONSULT US FOR INFORMATION AND QUOTATIONS.
THIS SERVICE WITHOUT CHARGE Ott OBLIGATION.
CORPORATIONS FORMED, NEW ISSUES OF STOCKS AND BONOS
PLACED WITH OUR CLIENTELE.
Murray G. Edelston & Company,
Investment Securities.
UNDERWRITERS CONGRESS BUILDING
Cherry 827!
Chronicle Advertisers Represent
The Best Merchants in Detroit
Tax Exempt in the State of Michigan
Main 5483
Members of Detroit St-)0( Exthantw
WEEEEIBIRSIOJEIE101=IMEMESSIMSEM
.
Members of Detroit Stock
Exchange
Grand Rapids
"The House of Inv!strictit Service"
354 Penobscot Bldg.
FIRST MORTGAGE
,EIOND5
.1.1....-/.0.- ...A
(
NOW THE
KAISER KNOWS
Whittlesey, McLean & Co.
2054 Penobscot Bldg.
O
Listed
and
Unlisted
Stocks
$5,000,000
The Detroit Edison Company
6% First and Refunding Mortgage Gold Bonds
Series B
Dated July 1, 1915
Due July 1, 1940
-
Interest payable semi-annually (March and September
1st) at the Bankers' Trust Company in New York
Coupon Bonds in Denominations of $1,000 and $500.
The Earnings of the Company fo rthe year ended March
31st, 1920, were as follows:
Gross Earnings
$17,885.635.17
Operating Expenses, including Maintenance,
Depreciation, Reserve and Taxes..
13,412,39.45
Net Earnings
Annual Interest on Mortgage Bonds
$ 4,473,395.72
2,133,250.00
Balance
$ 2,340.145.72
Net Earnings are over twice annual interest on mortgage bonds.
Price 89 and Interest Yielding Better Than 7%
A. W. Wallace & Co.
(Members Detroit Stoct Exchange)
Penobscot Building
Cherry 2800
SECURITY TRUST COMPANY
Detroit