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Suggestions for 1922 tie '.ir v in .:?-. V Y K'44 . A. B. Leach & Co., Inc. rsttnent Securities 62 Cedar Street, New York , sicato Bastas Cteestan? Detroit ',. . . - esM>l ? r'r.jbcri? AUis Cha'mers rj discussion o: the ** status of this is contained in latest financial letter; also a survey urrent market conditions and oriet "?es o? several :ssues having inter? esting speculative :-irures. Copies to investors on request. ]v|cr)ONNELL&Qo 120 BROADWAY NEW YORK t. J? 1 INVEST!NG FOR PROF3T .... '? tera .tments. I'.'.u? < opj requenl last ?. Moshep^Mllace S:ock: Bo ?-.' Q MtMBl ?! .':?: sou t-tANftt c? sa ? ? ? A \-ORK 33 Broadway | 30 E.-42*? St. The Story of VANADIUM The Master Alloy Au\ for r. MARKET OPINION IJ. MAcitlASTERS & CO. eUmitri Cm ?tlldeltd Strci ZxOien.t ?f ?!. T. 12-84 B^oad St. New York ?hmiB-.x: fntlr$ Firit flam \ Oficci in eight eidss ? eirsct wir?? '< _ Corr^T-f iiisae ?>f nri "FINANCIAL FORECAST" hent without obligation \teS-WoLVK&Co. S8TABL1SHED 19 SI ^__ ? M?mb?r?? ?a?s?I7d*1ef StOT-k Exchana? of Ms? York N?* VoHt Curb Markst 4> BROAD ST, NEW\OBK Wacr* -Brood. 2d RTERNAT OF BJROPt Cali, fr-e ?w bo?lt copy 0/ DUE, to the existing level of foreign ex? change quotations, the Government, Munici pat and Industrial bonds of European na? tions are today selling at prices that should re suft in attrac ive profits when conditions be? come normal. "Foreign Investment for Americans" is the title of a new booklet which discusses the more popular ot the European bond issues and suggests how to take advantage of pre? vailing exchange rates igh tne purchase ot these securities. Wvl :i. McKenna &l Co, 25 Broadway 25 West 43d St. NEW YORK Pateriojl Pittsburgh Chicago PhtUdtiph; Idle Cars Show Increase Of 31,689 Within a Week **POI ? ..!;.: :,(? Car itv' An .m Rail *"y Aaso? ' ? ?:: iwed that 631,387 S***nt '' ' because o? bus a*fls c' ' : ? .-? ?aber ;... an in *iPa- within a week. i ,,f ' ? 571.221 were surplus ? ' . id repair, which ;*'' ': tnyuediate aerr 3 !? '- ompared with 33^,03i; ?gfiiV-' r 8' whil- th<" remainder, uV '? * ' which were in i ?Surplus b?x eari. totaie(i 138,214, an I ?ncreii., Si2l9 compared with fch? [?"? -. while surplus JET??*} 50?, an increase ? -*>,Uo within ? samt period. An Tt***?v " ! Si winch brought the P** ?' ' ported for stock Er"? * there ? . ? ..: increasn of TTL2- i! ' ? " ? tl .mbctr ot Outlook for 1922 Is More Hopeful, lu Bank's Opinion Distinct Improvement in Fun? (lamentai Elements* Seen by Guaranty Survey? Further Liquidation Is Experte?! Chs distinct improvement in tho fundamental elements in the business situation, according to ''Tho Guaranty Survey?' published monthly by the Guaranty Trust Company, of New York, warrants a more hopeful outlook ; for the coming year than was justifia? ble at the beginning of 1921. "Due recognition, however," says '?The Survey," "should bo given to the fact that liquidation In many line? is n >t complete. Moreover, it is still I necessary thai production a some in j dustrles mus? be severely limited tt avoid the >erious consequences of tur ther depression of certain prices on He count of excessive stocks of goods in others new working capita! be raised to replace that whici was lost through unwise expenditure! under rising prices. Such conditioni :. ? '.<?- expected to retan or lese rogr< evival. Narrower Price t hanges ' '?'*?- ?..<:.. we have apparent a period of narrower price v ? g< . on th w iqIc, thet >? i-; little apid progress is heing '.T :;d<- toward narrowing the spread be relative prices of differed ! classes i L co m m iich mu r >? the prelude I approximate sta> Li. ir.ation ol pric< s. 1 i:^ moveme i vi liout? domestic price indices, vi< ? hat of ; he for sigi dices, - ii b \\h- a declined u . support to th< ? :p< tation o lowei price . to thi ;ation of 1 g ? veis in the nea "A ; g ad mil; fulling prices regarded a [precluding a fair measure ot' pros j perity on the whole. It is possible io the general bui iness man who has sac I in putting his house in orde: and i? not overburdened wirb ?ebt t make profits under declining price: I ut .' requires far more busines sagacity and attention to detail tha i? needed under the easier circum stance: of rising prie??, 1'roduction Higher e most gratifying aspect of th year's industrial events is the uptur: during the h.';t few months in the gen eral volume of production in the coun try, ? about midsummer ha' reached its lowest point since 1914. Al \; i gh ??- .- ' the increase is clearl; ?. influences, there ha been, nevertheles . f,ince July an up turn so pronounced that it must repio il improvement. "The new revenue act, passed on No source of genera! dis appointment. The failure of Congres to reduce the surtax rates to a poin that the recipients of large income be attracted to industrial invest instead t f non-taxable securi a erious drawback to busines reviva:. The relation of taxation t . . ess recovery should have beer, th main consideration in the revision c :: :;?v.. but thi new law has pigra!' failed in this respect to ?rar.t relic from the heavy burden of taxatio ' orne for ihr. last thre years, "Although tiie law on the whole 1 lacking in the reform that should ha-v been torthcorr-fng at this time, it cor tains a number of constructive prov s ions. The repeal o? the exc?s i profit tax as of January 1, 1022, is partie larly important, and the relief th*: offered to corporations in the futui th elimination of this burdenson and intricate tax should assist in t\ revival a?;i? extension of corn-irate a ? ? City Bank Inaugurates New Savings Featur Compound Interest Departmei Will Have All Characteristics of Savings Institution The National City Bank will ?rang -cite to-day a new service to its clien by opening at its Forty-second Stre branch a compound interest depai ment, which will perform virtually t sanie functions as a savings ban Under the law.? of New York State a n ' ; -.: bank is prohibited from mai taining a savings department as sue although it may render the identic service under another name. Accounts of $1 or more will be i ceived by the new department and i terest paid on them semi-annually the rate of 3Va per cent. Many of t i savings banks are now allowing 4 r. I cent on accounts, so that In point of 1 terest paid the National City Bank * The New\brkTrust Company Capital, Surplus & Undivided Profits - - - $26,000,000 ___ta t ??_?.. * ~ : COMMERCIAL BANKING j.*a.?Si'aTi'!i_y? Broadway wth St. y Fifth Ave. Does This Meet YOUR Needs? A TRUST COMPANY o? moderate size, but with capital ample for security and an efficient organization of trained officers and clerks, ready to give personal attention to your business problems, whether small or large. A Trust Company which makes a specialty of Personal Accounts and Personal Trusts? with a successful record of more than ninety years in this specialized business. Net? -fork $Jif, Jnauxattr?. atth ?nisi <??am?p_tty _D'A"?_ O MERRILL, Preiideat 52 WALL ST. ? NEW YO?_S ?^hdbrBrbmbr ???a ?STOCKS ?BONDS 52 Br__*A_?WAY - NFWVORK; TEUEPH?WE?BITOAO ??IU not compete with them. To pay more than 8H per cent was iegarded as .., unwise precedent for a national bar.'.; to establish in connection with its de? posit?. The new department will be opened by tho hank on the lower floor of its i offpea in the old Manhattan Hotel building. The bank i'opes to be able , to provide l'aciiitiss for handling the business of the department'? customer*, with greater speed than is generally attained by the savings banks; in other words, to emphasize competition in ;. service. Interest in the development centers j upon the fact that it is the firrt occa? sion when one of the large Wall Street national banks has undertaken this ' class of business. The bank does not expect at this time to open similar de partments at its headquarter.' or at any of its other branches. Baronne Bonds Offered A syndicate composed of tlomblcwer _ Weeks, Redmond _ Co., B. J. Van Ingen _ Co. and .7. G. White _ Co. | is offering SI,-64,000 City of Bayonne school and electrical improvement bonds, due serially, at prices to yield 4.40 per cent to 4.60 per cent, accord? ing to maturity. These bonds are legal , investment for savings banks and trust j funds in New York, New Jersey, Cou- j necticut and other states. Financial Item T_a limited partnership of potter Brot_ i em _ C_ has bean dissolved and a, aeneral ! partners^:. us.dar the nama of rotte:- _ I Co. hae been formed, with tha following as . partners: _Hp_alet N. Potter, J. T_ Puller Potter. Harold _itr.0.ral_ Graf toa H. I P_n? aefl P. ?-rndon Doigt. Aiaoc.ated wltk th? new firm ar? Bernard B. Badtie;' , and Adrlaa P. __???_, the latter aa mar.- j Agor. Ail of the fererotnr were partner? ? !? tha firm of Potter Brothers _ Co. Linen Manufacturer Predicts Rise in Prices in Near Future Raw Materials Scarce and Demand Is Increasing. Says William Adams; Retailers Resent Advances Linen prices again have beeome a (bone of contention over which machi ? conversation is lavished in textile cir l c?es. Retailerj here have become ' somewhat alarmed at the great firm 1 ness of linen prices in the primary I markets, principally Belfast, the cen ' ter of the Irish linen district, and also j by the ri?e in British exchange, which ? taken to presage further increases ? the cost of landing Irish linens ia ? i'itry Retail sentiment runs to the conten? tion that linen price? are still too high | for effective distribution. Since the reductions that hare been made in the past year, linen buying by consumers hag increased to some extent, but the retailers, who come in close contact with the general public, believe that consumers still regard pri?es as a bar? rier to large buying. Up until re cento linens have been selling in the. primary markets at ?ess than repla?e menl costs, and the new turn of affairs has caused some resentment in retail - circles. "Linen prices must come I down," said one retailer, and this sen-1 timent has stirred the Irish linen manu- i faeturers to make reply. Writing ?ate last month from Bel? fast William G. Adams, head of tho Derryvale Linen Company, says: "Undoubtedly the most elementary student in economics knows that price must be ever a vecy powerful motive in all business, but has reduction of priaes increased demand in the case of all commodities? It is obviously overlooked that linen is always deemed a luxury more or less, and with the general monetary stringency through? out the world people just now are rather averse to indulging in luxury buying. To do ho would b? " ?:nst human nature as it is constituted. "Furiher. with the adverse rai.es of exchange, an extremely large section of the world, as in moat of the Eu ropesn countries, cannot purchase British gooes of any description. Nevertheless, it will be admitted that despite these obstacles the public are not steadfastly refusing to buy linen goods, since the esport figures of the last few months prove a gradur.l and encouraging increase. Linen occupies quite a different position to iroa. sugar, coal and other commodities. At the outset there are no great supplies of flax and its price cannot go lower. it i.? now somewhat higher, since new season flax rules at 22s. Pd. per stone, Bf against around 16a. per stone for old. '.Moreover, wages muy have de? clined Bomewhat, but they are etill from 40 to CO per cent above the pre? war scale. In addition, rents and other overhead costs have increased vastly. Especially, too, fine or high Trade yarn:!, being scarce, have tended to become dearer. All aspects con sidsreJ, there is an almost certaintv that high as prices of linens now are they mt_t advance Btill more within the near future. . "Raw supplies in the shape of flas are extremely f.eare, and it must be remembered that flax crops do not come up every month or can be summoned by the utterance of some magic phrase like 'Open sesame.' Such scanty sup? plies a* are available now must pro? vide until a year hence. "Spinners, even at present, find diffi? culty in obtaining good qualities of flax for th? best yarn?, and neithei spinners nor weavers **who manu? facture the yarna into cloth) will make yarns and cloths respectively for stock purposes. "Financial conditions at presen! would condemn the spinning or manu? facturing concerns who did so as qual? ifying for bankruptcy. Stocks of linen; available at present are of very mod erate, if not of slender, dimensions. "As a matter of fact, whiio no reallj meticulously accurate data are possible it is estimated that increase in buyinf of between 30 to 40 per cent mor? would exhaust all the stocks of linen; a.ai?ebl? ta tha tforW.f FINANCIAL TO HOLDERS OEP CERRO DE PASCO COPPER CORPORATION f#-Y?sx Convertible Sinking Fua4 tk% Cold Bonds Due 1931 Issued Ur.?sr Indenture Date?! January I, t*21. Notice is hereby (riven that pursuant te ?roviai-jn? of fiecticn 2 of Article Four of the ndeutuie mentioned above, between Cerro de Parce ^Copper : orporation and Columbia Trust Company, Trustee, Bor.da, outstanding cnd?r sa'?1. Indenture bearing the aerial num? bers betow h.'tnj, have beeT <irawr. (or re? demption as of January I, 1922 at 103% eV Ute p'rir.'.'pii :-\irr ?aereo:, viz: COUPON BONDS NUMBERS 120 ?60 2106 3057 428? 5510 ?31? 7t7t 1* m J191 312o 4368 5562 632-t 712? 314 1106 2218 3283 4421 5566 6392 7:60 330 1109 2353 3300 4603 5575 6418 7289 390 ?88 2360 3401 4605 ::6Jn 6435 7290 417 1,21 2433' 2501 467'? 5675 6478 756-? 490 124? 2495 .':21 4733 T80 651? 7585 57 T 1494 2560 3539 4777 5832 6615 7S9C 372 1647 2567 3576 4882 5903 6640 7593 633 1649 2568 3725 4977! 5913 665.1 74f.fi 637 16e.! 2831 . ;.i>2 4999 5924 6o99 76-.H 648 1675 2881 3910 'n.: 6075 6709 7655 ?58 J780 2920 -t '88 5121 6)64 67?! 7820 66 : . ' . 41 ; : 5203 6'.78 ?7?ye? 795; 717 :SSt. 2924 4119 5237 6187 6822 74" 1914 2941 415 ? 6191 l 753 2005 2942 4280 5320 (>ll)H 6983 772 2072 3014 '234 5440 6205 7073 TEMPORARY BONO NUMBER 3776 Upon surrender of each of the abor? ?stet! coupon Bonds and temporary Bond 80 .i:.-- - redempt in ..- the -;~fi-..? of J. P. Morgan & Lo.. Sinking Fund Trustee-;, ...'. Wal: Street. New York, on or after Januar) 3, 3 922, payment will be made of the redemp? tion price of 105% o; the principal mi:-.. A!] such drawn coupon C lids surrendered musi have attached the coupons maturing luiy 1, J922, ai'd subsequently. 'I he coupon on suoii dra?-n coupon Bonds due January 1, 192 2 n-.a/ he detached and co'.ierted and the inter est then due oh su :h dra-w :?- temporary Bond will be p.ii;'.. i:- ac ordance with the tenus thereof. [nteresl will cease on a'.i such dra ." Bonds frotn and after ianuary 1. 1922. > . ?uch drawn Bonds r-,,17 he converted into stock ci the ' Virr-oration, as provided in the aforesaid ' :ntu m or before January 3, 1922, the said cate of t>a>Bifr.t of the re? demption price. Dated November 1, 1921. CERRO DE PASCO COPPER CORPORATION Hv H. ?sk Molli*. Trtsrurer. Bethlehem Steel Corporation Sectored Serial Seven Per Cent Gold Notes, Series D. NOTICE OF REDEMPTION To earl? and every holder ot the Secwed S?-iiu. ? r-u Vi O . .ji> (I No.en, aero-? D. cf Bethlehem Steel Corporation, ls mied unit ? ..' 'ri I" . clHti d July 15, 1018. between Bethlehem Steel Corporation. Bethlehem Steel Company and Banker? Trust Company, a? Trust?e. NOTICE IS HEREBY GIVEN that Bethla her.i Steel Corporation has elected to '-".ercli? lta right to redeem, and will redeem and pay, on January IS, lfl-U, pll of lta Secured ?Serial Seven Per Cent. Gold Notes of Series D l en outstandln ; in . Notes of Series D will cease on raid reder.ip tior; date, Januaiy 1?. 292:: ; that tho holders o? said Note? of Serie? D are required or. ?aid redemption dato to present them for re? demption and payment at the ornea of Bank era Trust Company, No. 16 Wall fctreet, in the Bo-eugh or Manhattan, In the City of N?w York; and that on presentation and tftrrendei tht-rcof with coupons maturing on July 15, 102". at said cftVa as aforesaid said Noteo of Series D will be redeemed and paid at 100?* of the principal amount thereof and interest accrued to said re? demption date. CONVERSION PRIVILEGE t.-i accordance with t.'ie provisions of ?a'.d Trust Indenture the rl?ht to exchange said Notes of Series D for Consolidated Mort? gage Thirty-Year Winking Fund Hlx Per Cent. ?old Bonds, Series A. <>t said Corporation, due August 1. 1 i?4*. now pledged under said Trust Indenture will continue up to said re? demption date, January lr>, 1322. The holder of any one or more of s;>U Notes of Series I") upon the surrender thereof at ?aid office of Banker? Trust Company on or befons said date will bo entitle! to receive In exchange ? ? i et? >! me oi i'0 bonds oi e.\\ i Sei l?s A of such aggregate principal amount (which .?hull he $1,000 or a multiple thereof) that such bonds taken al a, price to yield eU and pne-half per cent per annum (com t jted" aci irding to the tablea of bond values specified h said Tru;r. Indenture), will equal the principal amount of the Nu'-'s so aur mdered to ex haiifro, with a cash adjustment of accrued interest, an! with a payment In cash i i 'orpora? tion of thai part of the principal amount of the Notes for which bonds cannot be delivered upon any such exchange. Ap? plication will be made for toe listing of said bonds, Series A, upon th<j New Tork Exchange. Dated, Now Vork, November 2", 1931. BETHLEHEM STEEL CORPORATION, by W. V. HARTMANN, Treasurer, i FINANCIAL .MEETINGS TO THE STOCKHOLDERS OF THE OWNERS CONSTRUCTION CORPORATION .Notice is hereby given that the annual meeting of tho stockholders of the Owners Construction Corporation will be held at the otile ? of the compan: , >,"??. _? West 43rd Street, Borough uf Manhattan. New Yo: .-: City, on i!:e 3rd day of January, 2 r. M . tor the purpose of electing i;ir>a di_ectora for the ensuing yoar, and two i Inspectors of election to serva at the ne?; anrual meeting, and for tho transaction of such other husin'-fs as may properlj come b-jfore said meeting. .Datad, N-sw York, December 13, 1S2L MTER BPBOS, SeorettJJli New Issue } ??? i Exempt from All Federal, State, Municipal and Local Taxation L excepting only Inheritance Taxe? $2,000,C00 Dallas Joint Stock Land Bank (Dallas, Texas) SV_% Bonds Issued under the Federal Farm Loan Act Dated November 1, 1921 Dee November 1, 195T Redeemable at par and accrued interest on any interest cate after ten year? fron ist? ?f lawn? Coupon bonds, fully refjpsterable and interchangeable. Denomination 91.000. Interest payable semi-annually. May 1st and November 1st. Principal and interest payable at the Bank of issue or through an- office of the under_ gnexL Authority: By \ct of i .ingress these bonds ?re declared instrumentalities cf the Government of. the United States and are prepared and engraved by the Treasury Department. By a decision of the Supreme Court of the United States, rendered February 28, 1921, the Constitutionality or" this Act and the tax exemption features cf these bonds were fully sus lained. An amendment to the original Act of Congress creating the Federal Farm Loan System has been passed by Congress which permits unt;? July ?. 1923, cf the issuance cf bonds bearing interest at the rate of VyY:'e. Security: Oblig-ations of the issuing Hank, shareholders*' liability being double the amount cf their stock, and collaterally secured by either first farm mortgages cr United States Government bonds or certificates of indebtedness. Government Supervision: These Banks operate u::der Federal charter and Government supervision. Their bonds and the collateral pledged as security have been approved by the Federal Farm r.oan Board, a bureau of tl e treasury Department of 'hm United States Government. A ?egal meettment for ati fiduciary and Trust Fund* under the jxxntdtttton at tho Federal Government and acceptable as security for Postal Saving* said other deposits of Governmental funds, and the Banks may be designated by the Secretary ?? the Treattiry as financial agents of the Government and d'-petit trie* al pubtie fand*. Price 103 and accrued interest To yie?d about 5.11% to optional maturity and 5^2% thereafter Halsey, Stuart & Co., i_. William R. Compton Co. 49 Wail Street, New York 14 Wall Street, New York : .- - itemcnts arc oi?cL_. cr based cr, inform?tico which we regard as rehab!? and ire tin data upon which we have acted in the purchase cf ?h_? v<7r>_" FINANCIAL ? F F'." AND SHIP ISLAND RAILROAD ! CO? [PANY CmST MORTGAGE REFUND?*. O AND; TERMINAI? FIVE PER ? -PF GOLD BONDS DUE FEBRUAR- L. 1913. An arovldei under Section Seven of Article; Two of the mortgage securing '-- e ii me of bonus above described, the undersigned, aa T .. -. >e, ?? ['. ? ? ? ?-.. le - ? a up t :. P. M. or. January 6, 1922, for tiie sale * it of such bonds for account of the 81 . . . bufflcient to v\i.a.:.~- the aun of P;< ? 379.57 condition upoi the pi :m.;.-.'. to the undersigned of that amount on or iePrj January 3, 1322, aa provided In gage. The Trustee reser t he right to reject any or all tenders In whole or In part. ?CHE NEW YORK TRUST COMPANY, ' formerly New York Security and Trust! Company, Trustee. By ?. i - Jr.. .' Sf tstant . - "i:?. FINANCIAL m eeten gs To the Stockholders i f 1 HE SEGAL BROTHERS ? ''.'.. IN .: NOTICE Is hereby given that a meeting _ the Stockholders o? THE SEGAL BROTHERS ? V. INC., will be held Office of their attorneys, GOLDSTEIN _ PHILLIPS, at No, ?17 Broadwa? the Borough of Manhatti n, Clt; on thf! 18th ?lay of January. 1922, a' ' . ; I o'clock fn the afternoon, to taki actjon | upon the resolution adopted by the B ; of Directors of the na;d Compan; i 16th day o? December, 1921, which r?solu ? tion reads as follows: "RESOLVED, that i the Board of Directors I is advisable to dis- i solve tiiis corporation forthwith pursuant! to Section 221 of the General <.'???; Law, and that a meeting at the S'n ?>. holders be called to be heid at the Office ; of GOLDSTEIN* _ PHILLIPS, counselors at law, at No. 217 Broadway, Borough o? I ' Manhattan, City of New York, en the 16th i i day of January, 1922. at SrOu o'clock in the \ afternoon, for the purpose cf voting upon j I the proposition that tho corporation b-s ! i forthwith d!?eo!ved." i By order of the Eoard cf Directora. President. ?i?W NETHEHLAND BANK OF NEW YOflK. 41 West 34th Street, New York, Deo. 24, 15'Jl. , The Annual Meetln? of the Stockholders '? at New Netherland Bank of N'e?r York will ' bo held at the Bunking house of said cor- i poratlon, 41 West 34th Street, In the City ' | of New Tork, on Tuesday, tho 10th day of I ?January, 1_?2, it 4 o'clock p, m., Cor the I following purpose:-, namely: To elect directors tor the ensuing- year. To transact all surh other business as i rr.ay legally come b*?or<> the meeting, In- ! eluding the approval and r.-_!n>atlon of all action of the Board of Directors and o:' th* Executive Committee since the last ! ar.nuai meeting of the Stockholders of this i | company. I j Foils will be open from 4 p. in. to & p, n. Dated, New Tork. Dec, 24 lr'21 WILLIAM F. H. KOBLSCH, President. CURTIS J. BEARD, Cashier (Secretar?.) ' NOTICE OF ANNUAL MEETING S OF STOCKHOLDERS op BARLEY MOTOR (AR ? OMPANY, INC. The Annual Meeting of the Stockholder? ! of the above named corporation will bo he'.d on the Ninth (9) day of January, A. ! D.. 1322, at twelve (?2) (.'clock, noon, at j the office x>f the corporation, C7 Wal! ! Street, Bo?oush of Manhattan, City, County ?.nd State of N'e'.v York, for the I purpose of electing a Board of Ftve (5) i Directors, and receiving and acting upon the reports of the ofr!o-?rs and for the transaction of such other business as may properly come before tho meeting. The Transfer Looks of the Company ai to the Common Stock will be closed from tho close of business of December Twen I ty-flrst (21st). A. I). 1821, to the close of j business January Ninth (9th) A, D. I'FiC. Dated, December Twenty-first, 1921. _GEORGE B. HOPKINS, Secretary. NOTICE OF ANNUAL MEETING OF G_L_ ?LAN. COMPANY., INC. I THE ANNUAL MEETING of the stock I holders of this Company will be held on tho 9th day cf January, 1922, at 2 Pc!- -k j in the afternoon at the office of the Cor i poratlon, 117 Wall Street, New Vori- City, New York, for the purpose ' ill itlng u . \ Board of Director.?, two Inspectors to servo ! at all elections of stockholders during he ! ensuing year and receiving and ; upon the reports of the officers a 'ihe transaction of such ether business as j muy properlv come before the -Tir.? CHARLES A. GILL, Secretary. Dated, Deoember 8, 1921. MYRON W. ROBIN? IPANY. INC. Notice is hareby g.\-:i that the annual: meeting of the stockholders of M;? a W. j Robinson Company, Inc., wlM be held at ! tbe office of the Corporation, R- om No. 19, ' ninth floor. No. 35 Y\'all Street, Boro us n ! of Manhattan, New York City, on Tuesday, ? January 10, 1922, at ten o'clock In the forenoon, for the election of directors tor the ensuing year and for th? transaction of euch other business as ir.;?y coir.o I fi th? meeting. Dated, New York. December ?7, 1821. SAMUEL A. BMITH. Be r--'T NOTICE IS HEREBY '< : l VEN '?'HAT* THE ahi.ual meeting of Stockholders of P. n. \ CoNKLIN _ W. G. HARRINGTON, INC., a corporation organised uad*r the laws the State of New York, for the election ? ! directors and the transaction of ^?P' <_h-jr ? busii ess that may property c ?: .- b< fore tho ; -meeting, will be h-ld at the office o?the ? Company, No. 60 Church street, New Yorit Citv, on Wednesday. January 4tb. ? (8l_ae_) W. O. HARRi_r;T''':-'. a-c'r> l22 Years of Economic Development &the Bank of the Manhattan Company The effects of Immigration m HE increase m population and the JL addition to the labor force through immigration was a matter of considerable importance in the economic development of the country. The ?rst great wave of immigration, 1845-1854, was chiefly Irish and German and Eng? lish. Labor was supplied to our fast growing industries. Many of these sturdy newcomers pushed on to the West, took up farms and developed them. The movement of population and the whole life of the country was quickened by this infusion of foreign blood. * * * In the X22 years of its existence, die Bank of the Manhattan Com? pany has made it its responsibility tG study the broad sweep of busi? ness, utilizing its great number and widely varied contacts to cote ac? curately new tendencies, new con? ditions that may affect its customers' affair?. Bank of the Manhattan Company CHARTER? ?79? 40 Wall Street, ^ew York OTFlCB%? STEPHEN BAKER RAYMOND E. JONES 'Trtititni First Vtcs-'Pre.'idewt O. E. PAYNTER. Csshitr UrrowN Ornci?3 i Unitn Square, Ntr? Tsrk Baocrxiw OfiiCM?fir. Joint 'Plaes end Cyfrets Hiils gi'isa? B-T.ooo? Orricis?Jamaica, Fh>Ai*[, Leng Island Gif, F*v Rocka-xay, Rsckd'jcay Park, Rackowoy "Btoth, ixasdt, Kkkmeni Hill, ??mhuri, MaspeiA, Corana, C*Ui?? foin, tVxtihcvtn, Srnklyn Mamr, R:j?iv?d, Frtih Pend Capital $5,000,000 loHN Stewart Bake* Surplus and Undivided Profits, $17,520,682.99 FUe-PrtiiaeKH James McNeil B. D. F?rster Harry T. Hall Edwin S. LAffKY P. A. Rowley P. H. PlERSON Frank L. Hiltos V. W. Smith Ass'f Ctshiert W. F. MoORR ?. S. Gregory H. M. Bucsxnt W.A. Rcsh Gco.S. Dowwnto E. S. Macdonau? O.G. Alexandra C. W, Cam? FINANCIAL MEETINGS BANK OF WASHINGTON HEIGHT?. NEW YORK CITY. ANNUAL, STOCKHOLiDERS' MEETING. "h? iiinual rmetlng of the stookholdera of tho Bank of V/auhington Heights will be lit la at t'ne Batik, Tuesday, Januar; '?"? from 3 p. rn. to 4 p. m., for the of Directors and ?uch othvr business as may come before tb? meeting. JAMES J. O'SH-Vt'OHXEPS?, Vice-president. WASHINGTON SAFE DEPOSIT COM? PANY NEW YORK CITY ANNUAL. STOCKHOLDERS' MEETING Th" annual meeting of !c- Washington Sai? Deposit Company will b-i hold at tho batik. Tuesday, January 10. trom 3 p. ;-.i. to -4 p. ax., for the election of D. und Buch other business as may com? be toie the meeting. JAMES J. O'SHArOHNESSY, ?I Vlce-Presi.?esst. FINANCIAL MEETINGS THE MtTUAL BANK New York, December 2?. 1521. a -is hereby given that the annual ?t.'ijf of the stockholders of the Mutua.' h for the election or Dire'tom ;in,? t?-,? : "an sat.'i ion of such other business aa may come before the meeting;, will be U_l_ at th? B;L!i.t, No. 40 to 61 West SSrd Street, i--. tr-~ Borough of Mrinhattan, City of New York, : on Tuesday, the 10th day o? Januar-', 192.;' at three ?? ? lock p. m. HUGH N. KIRKLAND. Cashier. 'I THE BANK OF ________ New York City, ! eeembei tt, '921. annual meeting of th? stockholders Bank for the election of Director? _:.?'! for the transaction tter bus! ? may proptily com" bet?re the ...- will be beld at the __ce of the ; Bark, ,1 Wail Street. New York Fit:-. ? Tuesday, January 10, 3,823, ?it : ? | _ .:. ?_!s wi:: n ?In ?:. until . CHARLES F CURT!? Cashier. FINANCIAL MEETINGS_. THE ?5ECIRITTKS COMPANY NOTICE OF ANNUAL, MEET?N'O. The Annual M?ftir.s o?" the 8to< khoi-i'-.t 0? THE SBCTIRITiaS COMPANY ?Ml. bd held a-t the offices of ih? company No ?* Hroud Street, N*w Yofi City, on Thursday. January 12th, 1?::. at 2 o'clock s>. m.. for; tho election of Directors and f jr the tr?n*>-, action of any othirr business tta' m*y oszaaj before ?suid cneainc*. EDWIN O. WOOTM.INO, Seerotary COUPONS "UNITED STATES REALTY"~ftr IMPROVEMENT COMPANY . i '. ? ' --.her 31. 15. . The Coupon? on tht? Company's 'Iv*u: year ?ea - an Jar.ua;-, ~:s< ffe*( ? January ?nd upt& T^'t.:-.: a <?? ti '? ??'?? puny ? office, Rooia ? .ling. A! BERT ?fHADLOCX, Treaww.