PETRODILW IS/1 etROA ICLE
PAGE EIGHT
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41
IN FINANCIAL DETROIT
gla
Michigan Manufacturer
Picks Campbell to Head
Technical Department
In charge of the Michigan Manu-
facturer's technical department as
Technical Editor will be Howard
Campbell, who has had several years'
experience first as machinist and tool
maker, then as executive and later as
efficiency engineer in several manu-
facturing plants in Michigan and else-
where, and who at present is ad-
vertising manager of the Packard
Motor Car Company, Detroit branch.
Mr. Campbell's first series of ar-
ticles, now in course of preparation,
and which will deal with the varied
metal working industries in Michigan
—taking tip in order each class of
FIRST MORTGAGE
BONDS
Industry no longer purchases —"sight
unseen"—
All materials are submitted to exact-
ing physical and chemical analysis—
Yo ucannot examine an investment
with a microscope—but you can incesti-
gate the worth of the tangible property
which secures it — when it is Detroit
property.
Our first mortgage bonds are issued
against property located in Detroit—and
Detroit only; property worth at least
double the amount of the mortgage;
property whose earning power substanti-
ally exceeds all interest charges.
These bonds pay 6%; are tax exempt
in Michigan; normal Federal tax of 4%
paid by mortgagor; the denominations
range from $50 to $1,000.
MET It 01 21 watirGA,Gig
074
conronAT1
Third Floor, Real Estate Exchange Bldg.
Main 1823
Main 1823
•
What Do You Know About Lumber?
When you want information concerning the proper
material to use for building. talk to.theiumberman in,
your neighborhood. Visit the lumber exhibit on display
at the office of the
DETROIT LUMBER DEALERS ASS'11.
114 Woodward
700 Vinton Bldg.
OTIS & COMPANY
(Members of New York, Detroit, Cleveland, Chicago Stock Exchange.)
ORDERS EXECUTED IN MOTOR, RAILROAD AND INDUSTRIAL
STOCK ON ABOVE EXCHANGES
CADILLAC 6602
Second Floor Majestic Bldg.
"God Did Not Forget" LUMBER COMPANY
ANNOUNCES NEW
(Continued From liege Two.)
SCALE OF PRICES
paused skilfully. "You want a little
money for the holidays," be said.
"Not" said Finkel.
The young man turned and banged
out of the store, upsetting a bag of
potatoes on his way out,
Tears trickled down Mrs. Finkel''
aged cheeks. She gulped, and her
husband turned with an effort and
looked out of the tiny window into
the street . . . but unseeing.
"I am sure God will not forget,"
said Rachel.
Bonds
Bonds
W. A. C. Miller Co. Makes G
Reduction Amounting to 27 Per Cent
on All Hard end Soft Woods,
Announcement Friday by W. C.
Stannish, treasurer of the W. A. C.
Miller Lumber Company, to the ef-
fect that general reduction cf 27 per
cent on all hard and soft woods, in-
dicates price cutting in all lines of
building material may follow, greatly
stimulating building activity in De-
troit.
The hours passed; Yomtob was 24
Mr. Stannish stated that the action
hours away. It was going to be an of the Miller company was in accord
unhappy New Year for Joseph and with that taken generally by lumbet
Rachel.
firms generally in the city, but that
But they determined. with true Jewish it had been long contemplated and
stoicism, to face their friends with would have been put into effect had
cheerfulness. They would not carry not the concerted movement taken
their troubles on their shoulders.
place.
Yet they both felt that a skeleton
While the saving on a single dwell•
would tie at the feast. The grim re• ing; through the fall in lumber prices
membrance of their harsh circum- is comparatively small, it is said, the
stances would confront them in the effect on building materials and on
synagogue, in the street, at their construction itself can hardly be over-
friend Shelnek's house.
estimated. 13111 stuff has been re•
Joseph was away from the store, diced $55 a thousand, hardwood floor
and Rachel was doling out sonic can- ing, laths and yellow pine boarding
dles to a little Lewison, when the has decreased proportionately.
landlord came in. lie wanted some
Mr. Stannish stated the numerous
money . And money there was none. persons, before afraid to build be•
When he went out he left Rachel cause of loss on initial investment
trembling. lie had been very abusive through decrease in the price of ma-
and rude. She was old and could not terials, were now availing themselves
stand abuse. She sat down, a figure of the new scale of prices. In his
full of frail pathos.
opinion, pine woods have reached
The little door opened again, the their lowest ebb and a reaction may
tin bell rang shrilly, and she got up he expected to set in at any time.
to serve the customer.
"Well?" she said curtly, as she got
At the suggestion of Ronald Storrs,
on her feet.
late Governor of Jerusalem and act•
There was no answer.
ing civil secretary to the new
Rachel looked up in anger. She administration, Professor Nalum
did not like to be kept waiting. Re- Slousch was unanimously elected a
spect should be paid to age, she
member of the pro-Jerusalem society.
thought.
A tall, bearded young man stood in
Sam Lyons, a prominent citizen of
HOWARD CAMPBELL
the shop, dwarfing its proportions by
Motors, Oils, Mining and Curb Industrials for Cash
Danville, Ky., who died on July 25,
operation, describing processes, ma- his height.
left
a will wherein he remembered
or on Moderate Margins
"My motherl" he said softly.
terials and equipment—it is expected
practically
every
Jewish,
Protestant
A mist swain before Rachel's eyes.
will run a full year, beginning some
Her bosom heaved with sudden emo- and Catholic charity in the neighbor-
time in December. Incidentally, as
tion, her fingers laced and unlaced hood.
the series progresses, the reader will themselves in her black shawl. She
obtain an idea of the commanding strove to speak, and could not.
Joseph Schwartz is first baritone o
Real Estate Exchange Bldg., Detroit
scope and importance of Michigan as
"It is Mark, come home at last!" of the Berlin National Opera, and
TELEPHONE CADILLAC 6150
a market for mechanical equipment.
commands
the
highest
salary
of
any
said the man.
0
(Established 1903)
But it is not alone to this phase
She suddenly dropped on to a box. singer in Germany. Mr. Schwarz is
Direct Private Wires
that the news department will devote and wept as if her heart would crack. ardently Jewish and frequently places
41 Broad Street, New York
its time. There will be descriptions With almost a bound he was by her, 011 his concert programs Jewish
Weekly Market Letter Sent Free
II
of new things mechanical as they are on his knees to her, his arms about music. He is a Russian and if the •
"No Promotions"
brought out, together with all the her neck, his head on her frail shoul- immigration laws permit. expects to a
important up-to-the-minute informa- der.
visit the United States in a year or
0=0=101=01= 1 0 =0
00=0=0=0
tion on methods as they are per-
Then Rachel found words.
two
fected. The discussion will be by
To Rachel there was nothing in
no means limited to the automotive the hour that followed but the fact
and metal working industries, the that her Mark was home again. She
other lines of manufacturing activity wept, and laughed, and talked all in
in which Michigan excels—such as a breath . . . The strong man had
pulp and paper production, drug much effort to keep back his tears.
manufacture mining, furniture manu-
Presently "ding-a-ling" went the
ing
er and ' salt production little bell, and Joseph came in slowly,
facture, lumbering
painfully, his head hung, his gait
— will be given due attention. The
advice, consultation and suggestion of feeble.
d , with
Mother and son said nothing, but
readers of the paper are invited,
a view to publishing information of waited, smiling to each other, while
interest to individuals and individual the old man shut the door. Joseph
did not look up.
enterprises .
"We will have to go, my Rachel,"
said, sorrowfully. And when she
WESTERN MARYLAND he
cried out in a transport of joy that
he was wrong, Joseph looked up, won-
Western Maryland reports gross
deringly.
for the first three weeks of Septem-
Then he saw his son.
ber us $1,516,765, a gain of 32% over
There were many happy reunions
corresponding period of last year. that New Year's time; but in the
Operation for the first seven months whole East Side there was none so
of 1520 resulted In a deficit of 2138.- happy as the Finkel's. The old peo-
684 but this is accounted for by the ple glowed with the intense pride that
extra heavy maintenance charges the Jewish people have for their first-
which took over 56% of gross and born. Mark was rich! His rock-
drill had been taken up n) a big firm
were 61,457.000 greater than In the of capitalists. Mark was to receive
corresponding period of 1919. With a fair royalties, and Joseph and Rachel
return of normal charges, It Is ex- would be able to live in comfort and
pected that the road will show net case for the rest of their days.
after rents of close to $5,500.000 under
The store was to given up. This
the'new rates. After deducting fixed idea cost Joseph many a pang; the
charges of 12,800.000 and preferred little shop was a part of him. But
dividends, this would be equivalent to no matter! The boy was with them
over $2 per share. A consolidation again!
The neighbors flocked to greet
with Wheeling & Lake F.rie Is expect- Mark, and Mark gave a big dinner
ed at some time in the future, which to all his parent's friends.
will be of great value to both proper-
There is nothing more to tell, ex-
ties by providing a through line from cept that Rachel told Rabbi Tcymann,
the Great Lakes to Baltimore, tap- timidly, that she knew all the time
ping the Pittsburg district through that God would nut forget.—Jewish
the Wheeling & Lake Erie connection Exponent.
with the Pittsburg & Weat Virginia.
The construction of a road be-
Kinereth and Tiberias, recent-
UNITED ALLOY STEEL tween
ly undertaken by the administration
planned
by Engineer Pinchus
was
United Alloy Steel is in a strong Ruttcnberg and the contract has been
financial position, not borrowing a awarded to the Jewish Agricultural
dollar and with current aenete over Laborers Organization of Palestine.
4 times current liabilities. On August
Benjamin E. Bensinger, president
31st net quick assets were $9068,00 0
or $17.25 per share, compared with of the Brunswick-Balke - Collender
Co.,
Chicago manufacturers of bil-
$1325 at the close of 1919. Earnings
for August were 38% greater than In liard tables, phonographs and auto-
1919 and net for September is ex- mobile tires, has taken out $1,000,000
life insurance in favor of that com-
pected to be even better than August. pany, on the ordinary life plan. Mr.
If the company did not earn a dollar Besinger has been the head of the
during the final quarters net for the Associated Jewish Charities of Chi-
vent would exceed $6.60 per share cago.
later taxes, compared with $4.15
earned in 1919. Cash and government
securities on hand amount to $2,483,-
non or close to $5 per share and net
tangible assets amount to over $44
Theatres, Dry Cleaning Plants,
per share.
OTIS & CO.
Tailor Shops, Confertlonerlec, Gro-
October 7th, 1920.
series, Hotel, Rooming Houses,
Restaurants, Etc.
Dansard-Hull-Bumpus Co.
Investment Bankers
47 Congress St. W.
Detroit
Stocks
Stocks
C101===0=101===20 =01= 0=0=0=00
1 i CHARLES A. STONEHAM & CO.
g
i
Choosing the Girls at Central
UNUSUAL PROFITS
are being earned by the
Union Investment Company
Organized for the purpose of financing
dealers in motor vehicles, building con-
tractors, etc. Incorporated February 6,
1919. Authorized Capital Stock $200,-
000-8 per cent preferred; $200,000
common.
This is not an ordinary proposition, but an unusual
investment.
An increase•in capital stock makes available for a
short time an opportunity to share in the substantial
earnings of a going financial institution.
Practically the entire capital is kept in cash or nego-
tiable paper ,affording unusual security combined with
careful, experienced management and moderate ex-
penses.
The officers and directorate are a guarantee of fair-
ness to both stockholders and clients.
OFFICERS AND
Abraham Cooper, President.
Leonard E. Brown, V. Tres.
DIRECTORS
Julius Rubiner, Direct or.
Assistant Cashler First State
Bank
-
David Cooper, Sec'y.Treas.
Lest D. Upson, Director.
Formerly Executive Secretary
of Compa
the national
National Cash Register
Claude M. Beers, Director.
Assistant Cashier National
Bank of Commerce.
Write or Phone for our Booklet—
ABRAHAM COOPER
We cannot afford to be disappointed in the
choice of a telephone operator. Upon her
efficiency is staked our reputation and the
high standard of service which we are trying
to give Michigan.
We Sell
WAGSTAFF & CO.
Does Your Accounting System
Meet . Your Needs?
In recent years many organize
tions have expanded so rapidly
that they have outgrown their
old accounting systems, and un
knowingly are sadly in need of
new methods
In few cases it Is possible to
meet the needs of a new stage
of development by tacking on
addition to the old accounting
eyetems.
Certified Public Accountants can
truly judge the needs in those
cages.
TELEPHONE—CADILLAC 7509-7510.
Detroit, Michigan
2219 Dime Bank Bldg.
Advertisers Appreciate The High
Grade Trade of Chronicle Readers
•
.
•
311 Majestic Bldg.
Cherrf 65
U tz
Main 1041
Penobscot Bldg.
Woolworth Bldg, New York
How wisely we have chosen is reflected, today,
in the ever increasing efficiency of the service
rendered by these girls—a service which we
can now state is fast approaching its pre-war
efficiency.
THE Al MILD
HAVANA CIGAR
grva:
Cf OPrtifledPublicAccourdards
Even during the post-war period when girls
were so hard to obtain, we stood by our stand-
ards—selecting, carefully, girls into whose
personality and character have been built
those qualities of cheerfulness, even temper-
ament and physical and mental alertness that
will qualify her, after a period of careful train-
ing, to become a truly efficient operator.
MICHIGAN STATE
TELEPHONE CO.
"Our Ambition—ideal Telephone Service for Michigan"
HENRWHATTER
DETROIT'; EXCLUSIVE
4$
HATTER
•RATIOT AVE.
COP. LIBRARY AVE.