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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 07, 1916, Image 4

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GARRISON STICKS
TO CONTINENTALS
OR CONSCRIPTION
Try Administration Plan
and Find Out. He Tells
t ongresi
MONROE DOCTR1
CALLED A DANGER
1 Msioncc of Nation Ml*- Ko
Staked on Defence Scheme,
St-s Secretary.
Wathington, ,
tell ??? '">' r1?"
??Till work Ol I '
is to *? '
say at once thai
. Secretary of
War G louae
?
ti e army
part ? ? ! '
?
preps
plan, and
to the eul
tack? fron ...
?
?
.
tationed in Wash
ngton, i
?
Meere-e Doctrii gees Peace
Rei '
?
Mr. *
i
?
I e mm
?
?
army :
-
ho had
? .
'
?
?
the purposes air
? ?
tion could not bo amended to give the
Those sa/ho have mm h should
Beels the cere-fire ?i-curlty
of out
GUARANTEED MORTGAGES
a? a Luxury.
Tho?e who have little as a N?
C4Mi4??ty.
We will ?ell y"???
S10O or St.000.COO
LAWYERS MORTGAGE CO
RICHARD M HlHll P.pal-trnl
Capital.Surplus A Pr $9.000,000|
I ower to take full
?
"It would take ?reara t.? pul it
.!. d ill?* Seer? tai y
\ hen y ou ga
Vie Congreaa has full .
i made youi I ad
eral militia you would have jaat what
.
*
?
? ? ? . raiie the
we of war b] pro
undei a militia nay bill
each m ? I aman must respond to a cali
* in case of v U
"It a," Mr
nit; Bvei ? igh 11
trail arm*
? ? ? . -.-M-ers
in't conti ? ? eoara
?
. i I Statei
.
ma "hat to
n thi? power and try to find
. ybi Id met ?? in? up
- ipeeifie foi an I
?
i k "
Mr. Kahr- .iiiher pay
?
"
? ??
i . ?, -. "fl e \- ? ?
t paid, beet
s1 a McKellar took U]
Bra, and
ther .t would not he wise to
r te. Mr. 'Jar
.' jcc'i d 1 ild bs i gl
would pro
Mr. McKellar i. ?
?
? mi
to realize the
?
?
tary c
.
rs. I can't
i .
01 the
.
?
training for most Ol
?
be p'"1"*" hu?
?rill bs anxious to take the
?
I to | en when we
nothine."
War When Ambition? fla?h.
Re; ? Kfi*--, ti.: n< i the dis
a few m omen 1 - to tho n?
-ituation. and a.-ked ;
tl ? mor? ger to
our p?'iice from the Monroi Doctrine?"
d th>- Secretary.
"Th, i I principl?
. Bra."
"Ou* ht w? t to he pre] ? ? ?
? tinent-?cer
.
"1 think when von have once decided
fui lai ' ? tal you mu?*
fend it to thi ? ? al andon
"Would it not he better to
rrmr* money on increasing the recular
Brail ?nil le?? on the continent
M i K ,,b ?< ia?lae<l
l think m ,t," ?.'ini ||i Garrison
?*?- ?ip t,* ipIj on ih.' r?gulai
?s ou. ?ol?. detone? **? muai havi
of .'.oui,,?,, i i.p tipense, 1 believe, **
1"' pi Oh .bit I* ?' Hill if aa , m? not ?
to, 1 thin? ? feu thousand, mor
? f ?he hlghli i mined r.-sr'
?rould fn*kp little dtffenace, wkiu
a.'i-e money ?pent ?>n ?ncrenslng
ce tin? itsl armj ? ssM gtwa i
grantor Strength Tbp real us? of
r?gulai army, I believe, will be to t
the continentals."
esentattve Uttiepsgo ??ke.i
quest Ion :
I you and the I'resldent In
cord?"
"Absolutely," **?? Mr. Garr?as*.
i
Hi-ir- in defended
on t>, day. propoae? the ?
1 , lornl f,,rc,'
" i ye
on of ? buk'?" roaons of
, tit ami elaboi
extension of the ceaat defeneoe
V hole protect involve? an Incre?
: i i 10 i. and an
.-. , is i srtmi nr budge? ,r i
re th 'n 12.
?red with nn average of 1100,0
i ?i few '????'
Nailon? Balatsace May Re ?1 Slala
"The Integrity of th? natloi and
siatence, the Secretary ?i
"nay depend upon what is ?lone in t
hi? 1 irae l bis gi es1 opi
will be loot un!..??? i? wlaa, ?
sible and practical policy i? 'be n
of th?- conaideratioa and action "I t
Referring to the farspresd mlllti
if the nation, reach
I he insulat posses
Alaaka and the Panama ? anal Zo
?ir Gan iaon eddtd:
MWa bin ?? determined ar.i announ?
that thi ?sit got]
publica an 'bis hemisphere ?hall i
main inviolable, B1 erefoW
- ?'and ready to makt .
? on in thi? connect ion
lie tl ' I rli/ures i.
full strength of tho army on June
last 106.W3 officers and m?'n of I
pre??
lion. I" these should be add?
: - Ifleers and 17,81b mon
? i.tiant arms of thi
if fp?ler
i. Ho poinl
?i n o? pa]
: oximatoly ?' , of tbs toi
,1 b] pi oprlal ?
l he L'riii ? ?, Including AlasV
I : . r- ? rotary, ii of . i eator an
th.m the con '.? in<? ti total of ?ustn
gary, Belgium, the B ? -, Bu
Denmark, France, ? I? i
?
in Europe, Spain and Turkej In Europ
per c< nt of that ol
"Il will, of t.C'ces?i1y." he added, "b
ed by ai
-. requi?ite at a!! the
? totally in
aate to meet our reap ?i sibil
chaos which a crisis alway
paral
.i
se' ? :,! month? ? I trout,
?Ilk Of V.M
? ?
te? - ?rould hp r
trninrnir, and month' of training
? re the) coa 'i be road)
? ?
Trained Reserve Needed.
warfare, whil?
? nitrated tbp increased use of n
ents of war. has also dem
the | r.um
.... , then re, 1
with rs, subject to
. th?r? should be ?t all time? in
II .:p numbers , '
of i'r-\ |0U ?
? ? ii | purp0*??*' ' '
obi em, therefor?
?
"I he adjutant trenerol. ai'er a
i consideration of the
. ? ?
to, reaches the CO
>?:??. indei i !?
nona, to recruit m'-r-- I
i?er year for the army. It would,
The Twice-A-Year Sale of
Smart Overcoats and Suits
At Our tiitli Street and Our ?2d Street Store?
Commences This Morning at s O'clocV
It offers you what i*- unquestionably the very finest tailored and the
most stylishly modeled clothing offered anywhere in this broad land,
n a1 their formei prices, or now al the ?tmI of the
season at their n duced prie
/f0m^s. With the price t>f woolens going hlahcr and hlqher
if \ 11 en day and with the vary Strong probability
y*"J?-~-*"Y-* thai prices nc\t year will reach n hit/her mark
?????r* \J than has ever been known, the wonderful tipptir
fiv^ "?? tunitles for saving whit.h this sale presents are
A Xv" absolutely unlimited, and the man whti buys
yf^wtj j^lw enough now to cover next season's needs will
y \ \.. \& *\ **?'? t man\ nuire dollars than he has any idea ni.
I *?yj?\/[\ $15 & $18 Overcoats & Suits
^?\fc* At $13.50
i V;\- Mil $20,$22&$25Overcoats&Suits
P* W At$ 18.50
/ j 1 $30 & $35 Overcoats & Suits
L Ji At $23.50
.-?-??a?WT? $35'$40&$45Overcoats&Suits
: 13| 1 hi At $27.50
I ^yfcj^:a?f 1 *50,$55?& $60 Overcoats & Suits
t^v At $37.50
mi in .ill .i wonderful opportunity tot discriminating dressers. This morning at
I Q?C? ?Qx?the^?
I BROADWAY AT 49TH STREET
I 1456 BROADWAY, AT 42ND STREET
therefore ?ecm Impraetleahle In th
last |, ,.. -,. 01 . thai thi ?n a
9tr , ... i . . ,1 b) I'f' Idlng I? r
ng ?rmv ?,f lb" ?no BOtttOaal
,., thin a ?Intlon
"l ,i,, nol in any way ?bare th? fea
,,f th??? ,*l,., 0,11,1a t| ?i prop? r null
prepara)Ion? Inv? Ive enj
,,. whatever ?* Ith the inpramac
of tiip , n ,1 ,, ithoi H los I d". i
, . thai m 'i democrai
I,,, defence "i tl nation ould f<
upon the eltlaena and no! apon ? pro
? ...i,:. paid militara fore?, i ?n?tan1
? ?er arm ? und ?1? fot.-,I solely V
miiitiirv parasita. I thlal '' I? des
thai from every standpoint we <-?
jl .,,,?. i tl e suggei ""ii thai th?
,, should be properly me1 by
landing arn j of MO.OOO n ?". cog
i tnntlv under ai m ? "
i,,.. ... itional Guard, Mi
aid:
?? u the present time this force cm
f b| i ? >i imat? ?i 121.0 men i,n,
,,. and 't would, ihsrsfaw, b
^iirv. if It U to I,?? expand??'
-,, ??,,,,111111, to n.l.l aiTl ,0??il nii'ii and of
t ,-er?.
"If this policy ?-h?Hild b.? ?ttempt?<
?,, be : dopted, I ongraaa would Bra
hav? t" require th?' tat? t" rait?
and maintain all of the ? troope. am
i)d hav? pi"tI? illy ?
treble their exist ? Id
not ki ,"* whethoi ? ongn ? - ouli
?lava i?' y power U) Impose thi? burdei
the ?fate? It seen '? '>;p thn
itement ?>f tin? situation in
futil? II i
tempt tin? ?olu1 Ion
Garrison pointed oui thnl thi
? i! ??uar,! could be railed tnt?
Federal eervice onli for 11.r???? pur
to suppler domeatie aaurrae
?um, to enforce 'he law ?nd to rep?
from dispute ?a thai the basi
of m-, proper military sj
?
and ? o? ntinui "It ii ab
lolutoly impoaaible t,. ha*-,' t?
nstii
nrovii ions with i
tin oi
\>ks ?.lealrr Aid i?>r Mihlia.
?-1 hi . lea thai th? ml
? m, * i,y so
provision makintr thes,. ?r,,,p.
:,, , h.l of thi '
?so of war, i ni foi th?
pui
?
cure.
" 1 he national gus
. a || i Federa b el
eumetaneed that it can volunte?
of war and b.
i t h e ref o re,
may b?
; ?n it
? ? '?
"Wil
?
??
hnni?
the ns1
?
?? ittei
I t, ii
I care 1
Mr. Gai gg*s ion
thai ?
adapted to American n cd?
k] null
tary service ar.,1 the brginnlng of th?
il - ? publi
form? I th? I
v ra ai system
.-;. service from al, ma ?
' .
"In fhi? country." hi continue
tary |
SB Of thi
'
'
?constitu?
?
:
the | -
try ha
.
' :r,d your ?ystprn Upoi
?
no i/ood ground to , ?
? ?? Mich i ha ? . i
?
'??.'? r would
t I ?? ? lamentan!? r?
. . ;
ed upon <
? the people, an l thai fails, then
form of ror pu!
will I the only rei
1.1.1.our? ?Continentals . early
Thi
si
?
; Thi
?
and would be armed, equii,
lid be done
by thi md men ot ?
army organisations aa ' I ley no
paid ? a.TVi, .
on the ?ame basis a? the regular army
ta to thi the regalar arm.
nece- ?, ?he ContinOI tais in
.,-i .???:? ? . activities ? ?
I.? ' norma' tin,'
Garrl I ?en alern r, I
? .'
and ? vuul i
? forea an in
?
.
ional ??uarter.?. and ould I
ted.
For ? beae renaoni he recomo
i Idition ot ten regiments ,?i in
ir regiment? of Held ?r- .. i.
f eoaai artillery
ind fou
; ; ? ' lorce,
?rth in two
;
ad m?"n of the new or
????ential ir'
? ? fair
;
division ??'
. ,
ted 1
nited Stab thei eft 1 :: I ,
000 mobile ?pa, la the Wbr
? ? tner.t plan th?-- a are
Bl pono? strenjrth, ?o that th? .
? ? ? : ni ion.
"The war coll?ge division plan pro
? .|| , ? a
i rvo, aad, eventually, at
?. . ? eight par? Brakes .. ,
ref
121.1. would i"- witl
and 37 I,
"With raa| the coa ..
tion? and accumulation? of re*, rve ma?
terial, it does r. I
g 1
t\*o mattet
quire an ??,'>,''? i
. ? i.r f"i .-. : -,r . ?!.! - ?? d
thi? of nee . nr.nd
a icy."
WHOLE TOWN "SWEARS OFF"
No Drinking. No ffajHthlag. N"?> ?he*?
lug in Byere, Kan., for a Year.
, It) IrJt-ir?;.?, i 1 ' - :
Byere, Kan., Jan. I i i .i i .
town practically all
rbo resident? of thii place I IT? oigned
the pledge for one yesr. Not only ha?
??very one prom;?ed to ?tay on th?
- wagon for a year, but they hav<j
taken the plodg? not to si
ttes 1 \1! have ?
i |
vear.
I ? * ?
ro?,l Until r,, ently . litions
'
I :oung man of a
1 the twv..-. naa a ravulsioa o? sentiment.
WILSON DODGING
BIG NAVY COSTS
No Money for New Dread
nought? To Be Spent
Before Next Year.
WAYS NOT READY
FOR LAYING KliliLS
DrydOCkl in Only Throe Yards
Large Enough t?? Hold Ui*{
(-4'st I'attlcships.
- r.'ir.?'i '
Pfaahlngton, Jan. I. The keri? of
tho two .I ?jhta authorised h y
?Congress ? jraai nii?' win not b<> laid i
f.ir at I*m.i another yeiir. Hear Ad
mlrSsI Stanford, tti the l'epiirtrmnt "I
Tunis an.i Docks, a?lmi?le<i to th?
H? M-.?* N'aval Committee to-day under
i ,-i Ulna* Are of fjuestion? from Hep
? Roberta, of M ? ' ? -??' '
In ?.h?r*, ha a-fmitted that no money
Would bs apai I >>n them liefore Ffb
' . , ei Mai i of 19I ?. si about ?hsa
th?. rifxr adatiniatration will ba ??king
I month? after the national I
tion Thus the sxnense, "??! '"?'y for
I r:?v?i programme asked by the
adm aistratlan this j-aar ?n'l next >e?r.
bat 4 ta foi die h.j- itsssa af in??
year's *.r?>k'rnnime will full entirely on
th? adminiatratioa Biactad iiext No
. ?ml -
Thi? Intenl bb af ths pn
n wa? rather clearly Indicated
In th? recent remarkabls financia
sent af I ?> ratan of kha ?
? ? Ich ?t first the
...
aayj BBtin
the Tr.-t.-urv M
?,I out that
? ? rir irnine- ;
? ropriatsd " II
? delaying nnpro
with the .
Trena
ur.v by whieh the 1 ta r< demp
? a da for
.. ted as part
. n hand, that the ad
. to a?!c for oi
? i ?
e of the ?
. ..n mear.
. . rem? delaj
re? ? ?
?
yard
' ' ?
. ? hfti.l in . '
. ?'. r y.
N?i Mones for (he Was?.
barta quired ol Hear Ad
i Stanford if nriy ?raya on which
p to be 1 ? ' Island
contract for which had al
aw? it yard, hsl
. i for. heur Admira!
,. the* tad not
h. .n. Up ?.-?) admitted that a ?hip
ad* then
After
tl ;i ship ?a.is off ' would taka
?
accom
ight
I tioa of the
N'ew York
? ?? raittsd
that tl ' fon .n. n"? on tl a waya
a fotta
I a year, a? **he hail only been
four month? an.! it u
? || n *. ? nr and a half
tly li
,
? . I of thi ? ? ei drea
aai lhere was no ad*
al alia or provision for thi
atruction of i-ne
Dreadnosifhta Too Hig for l??Kk?.
In his attack "ti the Mare Isla:
pr< tentativa Bob
? i Hear Ad
? ? r
r ought . authorised,
.
Hi . ? ?
Kit up thi ' .id it
?al eon
? ' an ?ngini
to i ?' ths channel to Mare
pe or the bis, hips, I
reauirs an expenditun
. real ,i ,". m that
cond tion, constant dte.U-uig being re
Ili-n't the time come when the gov
it s!.o ild i,* ahina on
iona to tit certaia navy yardaT"
demanded Mr. Butler, of Penneylvanla,
who referred to ? , i,.,. .,*' in? old
. "broke b? r
ird al I'l.r t Boyal,
1 II* ? .? ;, proper place
thai at Cu.
.. 11 OU 111
?
farda Rear Ad?
miral Stanfoi .1 ad
threi *ard Sew Yoi k, Noi fo k
and Pugel Sounii which could accom
If the pro
? I by ths adminiatra?
tioa a aa ca? rii i out, there a ould ??'
eh could ' '
? ! only at 1 yards.
The d ?. . ted at Hun?
ier*? P capital, and the
<ne at Balboa and Pearl Harbor, Ha
. g ? iough.
Al prea? t, Bear Admira! Stanford
N. a srh s a ? ths i ggi if
. . . ? ? to Ms
? m i"'-1, tide, whils the Georgia
?? "at mean high tide He
be i..' roper to take ?hips
la in al all. So la?
the drydock ?hat ?hip? of
sufficient narrowness ol beam to get
?B :?* all through the opening only
?- ' ? ido and which drew a? much
feet, would, after swerythlng pos
ilble the way of lowering the keel
aupports, ?Tord on'y 2 feel B inchss of
W? rk on their bottoms,
rgent repairs of a most tem
iracter, enough to aufflce until
'he ?hip could reach h r*-?l drydBCk,
be affected," said the rear ad
HITCH IN SLANDER SUIT
Court *Mi?tain? Demurrers tu $100,000
\.i'i>n Against Mr?. Kell?..
' -'? ? a the $1 "'"' a**riMLga
lui bn ..-ht hv Al I>a\i?, dancer sad
t, sgalnat Mrs Hr.- n Kelly,
iw, for Blander, is now
fusties Hotchkiss sustained
? irrer.? made ty Mrs.
to Davis'? complaint.
?f I'? "till feels like trying to
|10<.? from the mother of his
bride he must ?mend his complaint and
MBtS Of ths demurrer
EIll suit :s based on the
Mr- DaVil tl I?!
iftl
i Intimatio ?
??
I
K. ...
.,
.... 1, '
WM AL REPORT Ol TM!,
Lawyers Mortgage Company
RICHARD M. HURD, President
JANUARY I, 1016
To thr Hoard of Directora :
I iPiitl?nien
I h'- Gro*,?. Sal? of ?Guaranteed Mortgage ?' " ' '"'" ... , ._r
any similar pe-iod. amounting fo f4S.S44.367 11 e ? I alnOutsta
wn.it larger than for the yeai 1914 tasingfJ.498.61J l"he totsl Guar? ta '? . .
M'M..i?,l. (i
i . , , ..;..... |g two fundi? of pul ?ervice during i
.(itiiiifi.????.. first, the ?alt to investoi of a?Kuht?n of undoubted aafsty and i ind. then
i f i ituru g n ortgages from ? lienl *ho desired the n oney !'?r other purp ?
The aim otmeQimpeny during the past year has beendireci I towai
carrying large amounts o? asl Ban! lending more conservatively thanbefore ?
of theprii pa ' atui | rtgag? and fot g tfv lie of fore ?? I real Otate e -
ted during the past I ?? 13.960 611 ol1 I ' ' ''
Mted to make furl isol 11,774 . feof their pr<
I or ?' e pa ? ?...,, .?.,,. the ?Company has loam
Mortgagx I oai I lepartn ent. Tl ? ?? - ? - ' ' ?
Company's ?businessand increased tsean i ?.v
One feature of the n ortgage markd in New York for the past
divide their sums into smaller amounts than pre\ l^hteridency
i- the mortgage loam ?offered, which are for fargei
. expense, and Increase earni''gs rhese ormosing tendei :ie <
, ' ?? ' ? ' ?',.? ' ' Mortgage Certil
? of inter?s! and issued to suit. The amount of ? ?
rhe liquidation in New York CM ?? i t?te, which beg n three or four years at
economii conditions arid which has bieen int?ensiri?vd ?-lur ? ? e past right? ? I *
otan now to be drawing to a ith the advance
I ur? ? ? ai . ? ? . ? initions, a ave
In New York! ty witl < ent effects in raising rentals and la appeal ?
now on th?rr< ?? ? i ures and a stroi ger market for i rtgag i ents
?The decr?*ase in the earnings of the < ompai ..... g out of the nw
the sale of fon . . , te. thus sacrificing |
liquidation ii New York real estate has run fu course, thi trot ot aooa *
?become norrnal.
Rie aorr ; .irativ- fii< ires tor recent years are ai fo!,'r,w
\a- '., s , |
M, rttamam i? i? ???? i ?? ? #..
?a ./I i", ,r r??:??-l *?'.'??
1909
)'?10
1911
i >12
191 I
1014
3S.333.294
14.IHS,130
18,411,204
j9.742,271
31.955,577
39.460, DM
45.844, if??
17,424.546
13,517,944
?311,079
13.137,110
1,558,300
3,139,008
3.498.61.'
'
I
111
131,11
11 ?
fhe Gross > i I ' rofits of the < for the i
F*r .-.intees
Interest ?' age
i " ? .
I ?
6672.919
257,406
122,587
51.05^,912
,i ::' es .
Peni
Advertii ing and tal
I ut?
e
Nei I. ?? ings.
EARNINGS
$690.817
358,169
161,591
$1,210,577
EXPENSES
3188,796
25,000
24.155
49.339
$287.29:)
$023,287
$667.137
338.1 Hh
16.125
11321,448
$1 14,879
17.333
21.572
37.189
$210.973
$810.475
$194,066
24,550
25.683
41,823
$286.122
6766,790
! I ?? rat? of ?Earning and Dividend il Stock ha
? ? ?
1909 . ?3.250.000 15" ? -
1910 . 4.000.000 151 i
1011. 4,000,000 161 ?
1912 . '5,500.0OI, 14'2 ,
1913 . 6.000,000 13'2 ' '
1914 . 6,000,000 15' J pet
1015 6,000.000 13
'Average Capital 83.280.000. My 1.10 - I toi
.Average I ap tal, 15.500,000. April l, 1912. < r>> I
|"he Assets and Liabilil
LIABILITII -
$5,003.839.90
355,791.50
178,000.00
997.039.75
825,805.74
2,204,400.03
$9,561,876.92
Phe Assets and Liabilil < ind (
[>cember31. 1915 : ? \ ? ? \- York.
are 11.38.3
I. , N?. at * i
.
Bn klyi .
B ? .
$61? t
?
1991 .
$12' 120
8, 100
I- I*
s 1 ,
$20
.611
'
12
12
12
12
12 .
12
S?M.04J
12.470
il 10.810
-
16.681
il 178
ASSETS
N<>.?. York i ? "?.' tga
accrued ?? ' ?? ? ? ible
. n Building, cost
['? il I ?
l?r.?i ?Estate und? ntracl I
?
F?tal
.
'
< i
? ?
2.187
7.75S
1.43?
11,383
$69,:
44.072.71'.
II, 051.891
<.144.364.533
?Vn anal) ' i . I AI
,i -re the customers of I
44 . $15.376,800
1341 I f tees. 38.497,16!
3734 . 59.516.375
208 i tril iblel ? ? ? i . I1.304.S9S
M I . I0.SS2.12S
30 I ? t < , . 9,117.1 "?
5371 S14?.3?,4.->33
f the 1 ???.'.? i, i
the B ind B
/
I .
$12,
NEW YORK
r
BROOKLYN
44.0Ta.Tl6
It may be rioted that 48 pa , tgai
are in Brotrtlyn ?nd 21 per ceni in the Broi
VALUATIONS OF UND AND BUILDINGS AND Fl
?Manhattan.
Brooklyn..
Bronx....
va
$?to.*J92,864
24.525,475
16,207,184
$97.725,523
Bl
S4S.S35.017
49.517,715
30.375.482
$128.428.214
$105,527,881
74.043.19.1
48.S82.886
S2J6.153.737
dora of Uuaraiitcoil Mi
i
$69,239.Vu
44.072,716
1,891
$144.31)4,533
I Ol
.,, a <
Pi r t i? _bs iluta pi ote? I on of ni?i !
the following By-Lawa:
Th? Amount of OutataotUng ? tarai ??? d Monga ?-?b shall n i ea ?cd twenty I
pin? of the Compa?a Thi? Art).... ?hall not It? amended repeal? i aa
acka??wledgi ?;. if th? I era of nil the ?poll i of mortgage l
pany.''
?MortgaRf? shall be gii?rarif???1 i*v th? ?"'omrany only when aeeurcd by real eatat? ' '
nsss or rsaHeno purp sea and situated v? thin the . ? - ?? Ity of !S
ments tharsof ai ? fixed b)
"S'n'ii all not *\?I two tali ?.- at ? . ,f the real ?otate
hy th?* <'cnr era -.- ? i h lar.er p?rven'.-,?.* f ?aid ? luatlon a.- n
th? aStat,* of S'en 1 rk I .?- . ..- tn i of funda h? ?
Companies.'
"Th?* . th? i pany for guara ? ? ? ? *.
of one per ctni pei innum of th?* principal amount'gu?rante? I
?Thi? iVrtlcle shall not be amended or repea ? ? t of
IHrertor? ih?*n in offl e, an ! bj rot? of a raajorlty of SI th?
Btsehh? :n?r:?' meeti i ed foi triat jmr? -
Thrse llmirn' - arbtch are far Btrl ter til . th "
Tork?h,av?? txaen foi mnnj *??!? la us?? 6>- th<* < ompany and theli effectl? ? ki
rany's niornur? Inve tale clearly evidenced hy Its '?
Interc-t and 'diniaiy 1 la.st th>- Company bad ' ?
to 11,605,176. Th? ' a .... . . _ ji .
which ??11 probablj >? ?ettied prim ?
'
s.\at
?
'
'
The foreel ? Compaay on January i?t laat t
th?--n real eatata 13195.616 h ia I ? ? n ?? I ? ? r tl I
the pa?', y-.it, th? <? mai sali-, ntnouni I ? 61.071.96 ? ' -
nr-ar dallvary 1886.1 .1 n.-t aanount <-f 1661 ill The ?
one naonth is |t0.1S
Uli ?? : ? ? 164. when the Company beiran bus
asTprrraat: -..
amount to *i7r<::?'" ai .aM-i.ij-'' ' i' ; > mnum
Th<? ateadj ?jrowlh of the fJompany'B buaineaa ?l'irin? th?- ra?i twenl ?.
In?; rjuaranteed M rtgagoo up t.* OSE HUNDRKD ?VND >?ORTY VOX I'. Mil.!.. N ' ??
th? publia- confidence I ? romi an) i mortgage Inv? ,
The Company will continue t?> Sdhcra f?* it? pr*aenl Bound and cautious ir-' ?
of unequAl',??.! publlcll reven?a
of ths aaoat caret ? I
Ml? ?Mil <>i unir? I ill??
? rsB iioi ? iirun ? . - ? ,?? !;'*r? i
< m. nt is ? > ???? run BiriiAnp ?i ii* nn
?T ?VAll?i\ ??HKIJrT IIRNRY ! ? ? ?a II I I a ?
I ?.?!!?
i RnonoRp;
Ol \ I'aKV
RDWAKD I'I' Witt
M l?ala] ?M J MAM: ? Ii ?Slag* I"
II,
i?'UXD A III RI ?
ra-port in panuililct tairin mailod mi rr ,,i,-.'

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