IL
IEN truturri m is hi iittu it cit.

PAGE TWO

THE TREASURY STATEMENT

ROSH HASHONAH GREETINGS

—

from

WASHINGTON —Revenue receipts and expeditures as at close of business Aug. 20:
Corresp. Period
Corresp. Period
Fisc. Yr. 1925.
Floc. Yr. 1926.
Last Year.
This Month.
Receipts--
$ 31,012,170.01 $ 27,702,528.35 $ 76,168,200.43 $ 71,647,322.41
Customs
Internal revenue income and profit
44,980,646 . 31
63,196,944 . 21
11,655,937 . 17
25,121,726 . 05
tax
134,963,866. 24
148,885,791 . 90
55,667,847 . 47
74,271,533 . 22
Miscellaneous internal revenue
Miscellaneous Receipts—
Proceeds government-owned for
eign obligations:
9,086.70
4,086.70
Principal
10,230,050.30
10,378,013.35
10,209,802 . 44
10,358,615.19
Interest
13,704,542.16
6,670,028.42
5,171,675.35
1,268,800 . 68
Railroad Securities .
546,368.86
9,569,533.91
80,284.06
4,457,678.78
All others
Trust fund receipts reappropriated
3,519,753.29
5,034,402
.
12
1,223,424.27
1,541,354.58
for investments
3,956,734 . 18
1,753,220.41
191,280.07
792,764.01
l'roceeds sale of surplus property
3,095,953.21
3,043,221.31
1,384,356.78
883,159.46
l'anama Canal tolls, etc
Receipts from miscellaneous
sources credited direct to ap-
4,200,288.93
3,554,005 .04
2,492,650 . 45
1,778,388 . 62
propriations
31,537,642 . 80
24,587,632. 69
10,904,383 . 21
6,409,599 . 31
Other miscellaneous

—

Detroit's Oldest and Largest
Savings and Loan Association.

May we take this opportunity to express our sincerest
wishes for a Prosperous and Happy New Year to
Our Hundreds of Jewish Friends.

The NATIONAL

LOAN - and
INVESTMENT CO.

Rosh Hashonah

,

Greetino-s

5686

1250 GRISWOLD STREET

$140,523,564.57 $408,897,554.71

SECURITY

Finance Co.

INVESTMENT BANKERS

$348,518,881.20

Specializing in Land Contracts.
r
BEN. B. FENTON
DAVID SAFFIR
BARNEY SMITH

Under State Supervision.

INSURANCE INVESTMENT FEATURES

ODDS AND ENDS

1925

MAY THE COMING YEAR BE FILLED
WITH HEALTH, CONTENTMENT AND
PROSPERITY FOR YOU ALL.

$157,895,639.91 $126,688,256.32 $352,840.993.79 $322,392,250.39
Total ordinary
Excess of total e x p e n d i tures
chargeable against ordinary re-
5,409,161 . 48 13,835,308 . 25 56,056,560 .92 26,126,130 .
ceipts

Total expenditures chargeable
against ordinary receipts .. $163,304,801.39
Balance Aug. 22, $135,637,466.89.

-

By M. E. O'BRIEN,

Recently the leading plate glass
President Detroit Life Insurance Company.
producers of the country cut prices
22nd floor First National Bank Bldg. Cad. 3655
"The business of life insurance is stantial remuneration. An expert life
on their product 25 per cent. Ac-
quite
thoroughly
standardized
now-a-
insurance
agent,
who
knows
his
busi-
/
company* the cut there was an an-
.
days as is the banking business, and ness, and works hard at it, makes more
nouncement that the reduction was I am very proud to say that it is upon money by a long ways than the aver-
made to meet the competition of Bel- ust as substantial a foundation. age professional man. Many things ■imzernalos
gian, British and French plate glass I There are today operating with the have been responsible for the changed
producers. This is the initial indica- approval of the Department of Insur- attitude of the public toward the life
tion of foreign competition. In cer- ance in the State of Michigan, 102 insurance agent's work. The educa- ,,;osvesioisSS!SWsws.sV(:WSWsWsysVosssWsVSWSSSMsswsv
tain industries this may become more life insurance companies. During the tional campaign of the great life in-
I DESIRE TO EXTEND MY SINCERE WISHES TO
••
active with the coming months. It year 1924, these corporations issued surance companies is an important ..
The World War and the In-
THE JEWISH COMMUNITY OF DETROIT FOR A
is believed that competition from Eu- new insurances in this State, aggrega- factor,
fluenza epidemic, not so long ago,
ting
$479,487,768.
Sonic
idea
of
the
rope
will
divide
itself
into
two
defi-
HAPPY AND PROSPEROUS NEW YEAR.
nite periods. The first period will be enormity of the life insurance busi- brought home to the average man the t
With Best Wishes for the
one of readjustment among those ness as applied particularly to our lo- necessity for life insurance.
"Another important factor in the
American industries that will feel the cal conditions in Michigan may be
New Year to Our Jewish
changed
public
attitude,
is
the
wide
gained
from
the
statement
that
the
de-
effect of foreign sales in the Ameri-
can markets. This period should be partment reports show a gain in new distribution of the benefits of life in-
Friends and Patrons.
surance
through
the
payment
of
death
brief. It will be followed by a great- business written by these life insur-
er activity in practicaly all American ance companies aggregating $52,498,- claims and the maturing of endow-
ment
policies,
every
life
insurance
industries through the buying that 796. The most impressive figure in
Specializing in
will arise in our markets because of connection with the general acceptance policyholders, (and there are millions
■
Europe's greater prosperity. The of life insurance as a business institu- of them,) is enthusiastic in his praise
0 •■ 1"
Ramsey, Gordon
benefits of the last named period tion in this state, may be gained from of the institution. He knows from his
own
experience
the
good
it
has
done
.11
should more than offset any ill effects the astounding total of $1,730,749,407.
That is the amount of life insurance and will do.
to be felt from the first period.
.11"
"There is one outstanding advan-
For the past three months domes- now in force on the lives of people in
tage about a life insurance policy that
& Company
tic commodity prices have been mov- Michigan.
."0"
not apply to any other invest-
ing rather steadily toward higher "Put it in a different way, and quite does
,1
levels. This move has taken place in as impressive in its grand total, is the ment, except, perhaps, government
■10M1
the face of the usual slackening of fact that the people of the State of bonds. No matter how careful and
industrial production and despite re- Michigan, paid in premium incomes honest a saleman may be in other
stricted buying in many lines of for life insurance last year, a total of lines, such as bonds, real estate,
4.10
High Grade Bonds
stocks, there always is a danger that
trade. An already close balance be- $53,519,412.
he may be mistaken; the possibility of
.3
tween
supply
and
demand,
during
the
Representatives With Automobiles at Your Service.
"I have cited these figures because incompetent management in the cor-
summer, has bene disturbed some- they
are
such
conclusive
evidence
in
poration,
and
the
possibility
of
depre-
■10 0
what through the placing of orders
CADILLAC 4100
of the fact that Michigan ciation in value. But with a life in-
1019 - 1020 BOOK BLDG.
for fall requirements. This, perhaps themselves,
MUNICIPAL
people
do
appreciate
the
advantages,
surance
company
its
investments
are
is the best explanation of the strength and do recognize the necessity for com-
,10
so carefully regulated and restricted
shown in prices. The general trend
PUBLIC UTILITY
should continue upward for at least plete and adequate life insurance cov- by law, there is no possibility of a de-
06.
erage.
preciation in the value of its policies ,
a few months.
REAL ESTATE
"It is an axiom among life insurance for in addition to the legal reserv e
sales people, that the Jewish people, (which alone is actuarially and maths
particularly, never have to be sold on maticolly sufficient) there is the capi
the institution of life insurance. It cal and surplus of the company as a n
1
is only a question with them as to the additional safeguard.
"It does not make any different e
OFFERINGS ON REQUEST
amount of life insurance coverage
0
0
which they can afford to carry. They what kind of a policy you have, it en
may desire enlightenment relative to hances in value constantly. Ever
, .1
the forms of policies, they may desire old line legal reserve life insuranc
information relative to particular pur- company doing business in this state
poses for which certain policies are is- issues only policies which are entire!
Second Floor, Ford Building
0 0 0
sued, but on the great subject of life in accord with the legal reserve law
insurance as an institution, Jewish of the State of Michigan and subjec
MICHIGAN
DETROIT
people
are,
and
have
been
for
many
to
the
approval
of
the
insurance
de
MUTUAL SAVINGS ASSOCIATION
years, looked upon as the one type to partment of Michigan as to rates, vat
,,,
168 Penobscot Building
whom the ideal of life insurance and ues and policy conditions.
"In the olden (lays it was quite com
i
its practical application to their every-
Detroit, Michig•n
day business and personal needs, is mon to accuse life insurance salesme Arownruvaamswavanoomm.vocsswoommacwomaiwie
Cadillac 1992-1993
thoroughly understandable. To those of misrepresentation in selling insur '
of us who are in the business, this is ance. That accusation is very rarel
as fine a tribute as could be paid to heard now-a-days. There is no excus
any people, for in the last analysis, for it. The agent who.misrepresent
and while all people realize the busi- is promptly put out of business by hi
ness advantage of complete life insur- company or by our very capable insur
ance coverage, the selling end of life ance commission."
insurance is based on the principle of
an ideal of service to the family.
CHOSEN
"In other words, a good life insur-
ance agent is a crusader before he is a
business man and the explanation of
ettl 'tear's 6rectings,
To one who understands the imnl i
the fact that so many heads of famil-
es are adding to their life insurance cation of Jewish identification, Jew
ish
superiority
in
anything
spiritua
Organized 1922.
coverage is due to a realization on ethical or moral should not surpris e
their part of the obligations of family The Jews calls and considers himse l
ties. Among the Jewish people, the chosen, chosen of God. What do e
family loyalty is a predominant char- this mean? Divine favoritism? N c
acteristic which, in my opinion, is an at all. The God of Jewish creed an
(May 31, 1925.)
actuating motive in the inclination for adoration is a universal Father. N :
••••■••••■•■• •■••■■•■••••
a life insurance policy.
God has not chosen Israel in the sea :
"There was a time, not so many of preferring them to the neglect
OFFICERS
years ago, when the average life in- others. What He has done, accor
HARVEY D. HAHN
Isurance agent was considered a nuis- ing to a warrantable interpretation
B. F. STEPHENSON
ance. There was a time, years ago, Jewish history, is to have so endow
Vice-President and Secretary
President
Homer Warren
when agents were in a constant state them spiritually, ethically and mor e
of pecuniary embarassment. That is ly as to be competent and called
J. F. McDONALD
THOMAS P. HUBBARD
a thing of the past, also. The life in- exemplify the finest expression
Treasurer
surance companies have been particu- these in the service of others. To
Vice-President
larly helpful in the campaign to place chosen means to be called, not to pri
& Company
W. GEORGE THOMPSON
the ethics of the business upon a high- liege but to choiceness. The J e
er
basis
than
ever
before.
The
com-
Assistant Secretary and Manager
must be choice. Otherwise he
mission service through which life in- lies his claim and converts and co
surance is written, permits the suc- torts it into a preposterous and co
cessful representative to earn sub- temptible pretense.
"Service That Satisfies"
NNICILWItWW.W.V.M.M.Valsas _ 1.9.1.WSWilaWSNISSCW 1C9AWaliNWMILWSIMOSIC.
, ..sSirtiaaWa ssA
The Jew should, by reason of bel t
chosen, as indicated, aspire in co
cerns of character as expressed
conduct to be at least a little bett
than others. If his charity in a :
Loans
Real Estate
instance surpasses that of Protesta
and Catholics of even larger numb
he deserves no special complime t
He has done his duty. He would
Insurance
serve to be criticized did he do oth
wise.—Dr. Alexander Lyons.

SEASON'S GREETINGS

Pt

*If

J.A.Connors

BUSINESS LEASES
PROPERTY MANAGEMENT
STORES
INDUSTRIAL PROPERTIES
APARTMENTS
GARAGES

HAPPY NEW YEAR

BUIL

30

•1

3 II
ll`m.

ASSETS

$633,000.00

E1/4, t •

l

:*

!lc

r—

To our large number of Jewish Friends and Patrons we sincerely
extend our best tvishes for a Happy and Prosperous New Year.

HAYDEN, VAN ATTER & CO.

Investment Bonds

DETROIT
Clroiind Floor Penobscot Bldg.

Cadillac 4895

According to my good friend,
Thomas Potterton, as published
provingly in his "Little Minister," he
Church Federation Bulletin recen
defined Christianity as follows:
In the home, it is kindness.;
In business, it is honesty;
In society, it is courtesy;
In work, it is fairness;
Toward the unfortunate, it is pity;
Toward the weak, it is help;
Toward the wicked, it is resistance;
Toward the strong, it is trust;
Toward the penitent, is is forgive-
ness;
Toward the fortunate, it is con-
gratulation;
Toward God, it is reverence and
love.
Before reading this I considered
myself a good Jew. I am now certain
that I am also a good Christian Just
as Brother Potterton is also a good
Jew.—Dr. Alexander Lyons.

41.1 fly

vo, ‘

LAFA YETTE
BUILDING

JEW AND CHRISTIAN

GRAND RAPIDS
Grand Rapids Savings Bank Bldg.

Bell 4466

PHONE —
CAD. 0321

s.

Onnotsolsotto-ociotsuesotsoossononoisatsisian

Elmer H. Christe, President

W. T. Greenwood, Secretary

A. R. Campbell, Viva-President

David Oppenheim, Treasurer

Christe Oppenheim Company, Inc.

Adjusters of Fire Losses for the Insured.

1919 Dime Bank Building, Detroit

A
But if God grieves over the blood
p
Licensed by the Michig•• State Insur•nce Department.
of the condemned at the execution,
how much more no over the blood of
the righteous that is shed!--Talmod. 00 tZ0-0-0.0.0.01
00-000(StsCo4tistis4a0O 4r1 8.1004-000001:81,00

