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