7

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1.

THE DETROIT JEWISH CHRONICLE

(' I' SI X

1t

64 A

IN FINANCIAL DETROIT

We Own and Offer

$25,000

CITY SERVICE SERIES.0

7

Convertible Gold

Debentures

Dated 1-1-19

Normal Federation Income Tax

not exceeding 2',; Paid.

Convertible feature is unusual and attractive.

Dansard-Hull-Bumpus Co.

47 Congress St. W.

Members Detroit Stock Exchange

Samuel G. Madison

GENERAL INSURANCE

GuardianiLife Insurance Co.

OF AMERICA

WORKMAN'S COM-
PENSATION
BONDS
FIRE

LIFE

AUTO
BURGLARY
PLATE GLASS

To Insure Is to Protect Service—Our Motto.
Cherry 2416
1132 Majestic Bldg.

UNLISTED STOCKS

Protective Service to Clients

TO FURNISH YOU WITH INFORMATION
WE WILL BE I'l A
CONCERNING ANY UNLISTED STOCKS OR BONDS WHICH YOU
OWN AND OF WHICH YOU HAVE HAD NO RECENT NEWS.

T111117 OUR LOCAL AND OUT.OF.TOWN CONNECTIONS WE FIND
MARKETS FOR SECURITIES NOT LISTED ON ANY OF THE
I ANGES.

wrocK Exci

CONSULT US FOR INFORMATION AND QUOTATIONS.

Tills SERVICE WITHOUT CHARGE OR OBLIGATION.

Murray G. Edelston & Company

,

Investment Securities

UNDERWRITERS

CONGRESS BUILDING

Cherry 8271

Your Responsibility
and Your Good
Judgment

If your sense of mural
! - esponsibility does not in-
duce you to assist the

11 a is • P
Financing
orporution a
tarn
soar
ron oars lala
olo•e•
tot
Ibis
Ittoe

nd loltes—and
)(MP liberal Inter-

Pa,

homeless thousands of
this city, surely your
business judgment
should compei you to sub-
scribe to the bonds now
being offered by t h e
House Financing Cor-
poration.

est

This loan Is of 6600,000, six per cent ,al estate
mortgage bonds. secured by direct first mortnagee on
221 of the hundreds of new houses built by this Cor-
poration. Every dollar will be used to relieve an
Intolerable housing congestion now existing. Every
dollar will be returned to you with liberal Interest.
Every dollar will assist Industry—Detroit s life blood.

You are not asked to give—merely
to lend.
Horne. must be secured for the workers if Detroit is
to progress. Money will build them. We have the
organization, the experience and the ability. What
is needed Is capital. It is squarely up to you.

Orders for these bonds will be rectilveil by

mesh or telephone (Main 1320 at the office
of the company, or. better call In person.
Orders also will be reci.ived by the recognized
bond houses. the trust companies and the
banks of Detroit.

1

OTIS & COMPANY

wage award. Such action would ma-
terially benefit the New Haven which
is the only important road whose
dassenger revenue exceeds :lb' Of t ho
gloss income. Operating results for
first five months of this year showed
a deficit of 64,172.863 compared with
6580,657 fur the l'Orresponding period
a year ago. A :Pc' Increase In Ireight
rates would 1111,111 only $15,000,efio ad-
ditional gross. Based on last year's
figures, it would be necessary fur the
company, in order to meet fixed
charges, to save 5U'; of lids additional

(Members of New York, Detroit, ('leveland, Chicago Stock Exchange.)

ORDERS EXECUTED IN MOTOR, RAILROAD AND

INDUSTRIAL

STOCK ON ABOVE EXCHANGES

CADILLAC 6502

Second Floor Majestic Bldg.

I he Retail Credit \len'. National
AssociaCon holds its annual C011\ ell-
lion at Hotel Smiler in Detroit. Au-
gust 10, 11, 12 and 13. Close to 1,000
delegates will be in attendance al the
opening session, at which the address
of 'Si 'come will be delivered by E. B.
Si hick, president of the Associated
Retail Credit Men of Detroit.
Features of the first day will he re-
gross for net. If the whole :11110111a
ports of Prr,itleitt Franklin Black
available fur net income, it
stone, Pittsburgh, and other officers, w I re
0
together with an address by Oscar would mean only $1.00 a share for the
TELEPHONE CADILLAC 8150
vier-president J. I.. Hutt C0111111011. In 1919 the New Haven re-
If.
0
(Established 1903)
son Company, Detroit, and than talks volved a return not Atr. on its $226,.
Direct Private Wire.
41 Broad Street, New York
by Past Presidents S. L. Giltillan, 800,000 of outside investments. Fut-
Weekly Market Letter Sent Free
Minneapolis; I). J. \Voodlock, St. ure prospects of the company depend
Louis; H. Victor Wright, Los Att. largily 011 the IllifinibtlitY Of obtaining
gide.; \V. II. J. Taylor, New York;
readjustment
of
the
division
of
a
L. S. Crowder, Chicago, and S. E. through rates and on an increase in
00 1:30=10
11hindlord, Boston.
passenger fares. Without these, New
Technical papers on credit methods
will be read by W. C. Slotsky, Sioux Ilaven will have difficulty In meeting
City, la.; F. \V. Nelson, Lincoln, Neb.; maturities of $28.701.11011 in 1922. We
David Cooper
C. M. Reed, Denver, Col.; \V. R. Ar- consider the stock one of the least
Abraham Cooper
thur, Minneapolis; L. Michaels, Pitts- attractive o like lust priced rails.
burgh, and Phil M. Canals, Nleniphis,
Tenn.
CHERNOWITZ WILL HAVE
The Wednesday session will feature
A NEW JEWISH COUNCIL
a report by I). W. Aid, of the J. L.
Cadillac 7509
2219 Dime Bank
1)ctroil,
on
credit
Hudson Company,
it
departinent methods. Other topics
VIENNA.—We are informed from
of discussion will be "The Telephone Chernowitz that the government is
Systems of Charge Authorizing," by about to appoint new members for Fire Burglary and Theft
Ilealth and Accident
M. J. Solon, Minneapolis; "The Pneu- We Council of the Jewish Community
Plate Glass
Compensation
matic 'rube System of Charge Author- of that city. The Council will con-
Automobile
izing," by C. F. Jackson, St. Louis, silt of 30 individuals under the leader-
and "A Credit Reporting Association," ship of Dr. Straucher and will have
by Helen I. Conti, Davenport, la.
representatives of every party and
Other speakers scheduled for section of the community.
X.C.•:•;fr.:C.00X4:0. :•:•:•:•:•:4:4:•:•:•:•:•:•:•:•:•:•:•:•:•:•:e:•:•:•:•:•:•:•:•:•:•:•:•:•:•:•:•Xe. .
\\'ednesday are l'rofessor George A.
Laird, field representative A. R. C.;
0. J. l'rice, New York city; Arthur
'M. East, Y. N1. C. .\.; Lew Hahn,
secretary of the Nat usual Retail Dry
Goods Association, New York; John
K. Cord, St. Louis, and A. J. Kruse,
St. Louis.
Topics and speakers for Thursday
are the report of the committer on
bankrupcty, \Villiant H. J. Taylor,
Franklin-Simon Company, New York;
"Office Control," Sidney B. Bland-
ford, Boston; "Leading Events in the
Credit Field," J. II. Tregoe. secretary-
treasurer National Association of
Credit Men. Nominations of new of-
ficers also will be received.
Friday sessions will be devoted to
hearing reports and reading of papers
with presentation of trophies to mem-
bership chairmen, report of judges of
• election and the selection of the place
and date for the 1921 convention.

sem i=macol=soaol==mctio =mac°
Motors, Oils, Mining and Curb Industrials for Cash
or on Moderate Margins

CHARLES A. STONEHAM & CO.

V

"No Promotions"
onoc=oczo=losao

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is

Take this up with us.

0

E. B. Schick, President of Detroit
Body, Will Greet Delegates to
Conclave Last:ng 4 Days.

NEW HAVEN

An increase of t,-.5,11ger rates has
bier suggested to t Ise additional
ape ration costs doe lu the expected

Real Estate Exchange Bldg., Detroit

Due 1-1-66

Main 3410

NATION S CREDIT MEN
MEET HERE AUG. 10-13

HOUSE FINANCING CORPORATION

Suite 306 Dime BAnk Building.

COOPER INSURANCE AGENCY

GENERAL INSURANCE SERVICE

LIFE

A Policy With Us Means Security

What we are doing to make
Telephone Service Better

NEW YORK, CHICAGO
AND ST. LOUIS

The New York, Chicago & St. Louis
Is one of the few roads which have
shown a steady Increase In operating
Income during the difficult period of
tho lain few yearn. Earnings front
actual operation In 1919 were $4.649,-
809 an increase of 21'1 over the previ-
ous year .and over double the guar-
anteed compensation of $2„301,378.
Earnings for the first five months of
this year were $2,145,253, tut increase
of 6150,00 over the same period a
year ago. As this is at the rate of
nearly 2 1.2 Howe the Government
compensation, the management's de•
cision to decline the six months' ex-
tensio nhas been well justified. The
company has no maturities to meet
prior to 1931. After 5"e dividends on
the common all classes of preferred
and common share alike. On this
basis last year's indicated earnings
were at the rate of close to $10.00 per
share. With the expected rate In
tease of 3Oq net per Aare after ex-
cess profit sharing with the Govern.
pivot should be clog eto 16'1 on all
classes of stock.

THEY WERE PREPARED

documents
MUNICH —Various
dealing with the prehistory and his-
tory of the Kapp revolution have ap-
peared in the local "Post." Among
these is found a very interesting let•
ter front a certain Lieutenant Meyerl.
A part of it reads:
"'We hope that the coming dictator
will give 115 full sway over the Jews.
One night will be enough. We shall
destroy all these dog , . We have al-
ready prepared a black list, so that

he amply prepared."

umanized Figures

The audit and report of a certified

Public Accountant Iv more than a
mere collection of figures. It Is a
searching analysis of the condition
of your business, uncovering any
unhealthy tendencies and indicat-
ing proper corrections.

C)

Hardly a week passes that does not see some
plan or device in operation, or in prospect, that
will make the telephone service more as we both
would have it.
In March, just as soon as the frost began to
leave the ground, work was resumed
in Detroit and larger Michigan
cities upon the placing of much of
the wiring system underground.
Underground
Conduit.
This reduces to a minimum inter-
rupted telephone service due to storms.
Work has already begun upon addition to ten of
the switchboards in Detroit ex- 1_
changes. This extra equipment
will take care of expected growth
in business to the end of 1921.
More than 6,000 private switch-
boards have been installed in
Michigan to date and as many
more as can be procured will be 10 Note Sw itchboards
placed at the disposal of subscribers desiring them
this year.
Automatic ringing devices are being installed
in all city exchanges. These devices automatically
keep ringing the party that you desire to call until
you get an answer or decide that the number called
will not answer and hang up your receiver. These
improvements and additions are being attempted
in the face of the most difficult material delivery
condition Michigan has ever experienced.
1//4/, Great attention is being given the
%um work in our operators' training schools
that these young women may come to
their tasks proficient, and with a full
understanding of their responsibilities.
And so it is throughout every de-
partment of the business. Difficulties
are being experienced. The results
Automatic
are not always all that we wish. But
Ringing
we will keep at work until we have
overcome every obstacle to good service.

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MICHIGAN STATE TELEPHONE COMPANY

You cannot afford to have less
than the security of confidence
that you get by having your audits
made by Certified Public Ac-
countants.

Certified Public Accountants

Penobscot Bldg.

Main 10.11

Woolworth Bldg., New York

Merchant
.C.KRENZ Tailor

The Shop where courtesy
and service prevail

925Woodward Ave.

lust North of Forest Ave