Judge — March 10, 1923 — page 28: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

“Yes—I’m Getting 7% And My Money’s Safe” After supper last night I went down to the post office for the mail and found a letter from G. L. Miller & Company in my box. In it was a check for in- terest on a Miller First Mortgage Bond. As I was reading the letter Dr. Thompson came along. He glanced over my shoulder and saw what it was. He knew I had been investing in Miller Bonds for several years. he said, “are you getting your 7%? “Yes, Doctor, I am getting my 7%. By the way, what is your mining stock paying?” “Not a blame cent,” he said, making a wry face. “‘Hereafter my motto is going to be ‘Safety.’ You seem to be mighty well pleased with your Miller Bonds.” “Well, naturally I am satisfied," I replied. “I get my 7°% interest regularly —30 days in advance, if I want it—and I know my money is safe because these bonds are protected in every possible way. In these days when so many people are losing money on invest- ments, it makes me feel good to know that I own these sound, safe bonds with their un- broken record of never having caused a dol- lar’s loss to anybody. How to get a good interest rate safely It is not necessary to speculate and take chances in the hope of getting a liberal re- turn on your money. Miller Bonds offer you the protection of a first mortgage on income- earning property like apartment structures, hotels, warehouses, and office buildings. There is a valuable building back of every Miller Bond issue, and the income from the building is pledged, in addition to the struc: ture itself, to pay interest and principal of the bonds. So the investor really has a double protec- tion, in addition to the care which G. L. Miller & Company are constantly exercising to see that no investor shall ever lose a dollar. Miller Bonds are not only safe, but they pay the best rates obtainable in the various sections where the properties are located. In the South, where this company occupies a leading place as a financial institution, the rates on first mortgage security at present range as high as 7;. The investor can ob- tain this rate with full assurance of safety. To ever: king a liberal rate and s gladly send, free and without c iom, the story of Dr. Thompson, referred to at the be- ginning of this’ advertisement mail pon for the st Getting My 7%." MILLER MORTGAGE BONDS $100 Bonds; $500 Bonds; ‘$1000 Bonds Interest payable twice yearly Yield up to 7% : Partial payment accounts invited G.L.MiLcER SG. 105 Carbide and Carbon Building 30 East 42nd Street, New York Philadelp: St. Louis Atlanta emp! Knowwille ‘irst—The, Investor's Welfare” MAIL THIS COUPON TODAY story ations for an investm $ + maturing in rs. (These blanks need not be filled in, but this information helps us to give the investor personal attention.) [» Address | bankers in general, wholly escape troubles Investment Bureau Conducted by Theodore Williams Subscribers to Jovar: are entitled to answers to inquiries on financial questions, and in emergencies to answer by | graph. No charge de for this ser {ll communications are treated confidentially. A two-cent postage st should always be incl Address all inquiries to the Financial Editor, J 127 West 43d St, New York, gi full name and exact street address. Anonymous communications will in no case be answered. Labor Unions in Business have expanded their fields of ac- may perhaps be ordained. But will that tion, and have gone into business be the limit of these institutions’ utilit on their own hook, may worthy of Enterprising chiefs, apt in business and more than passing notice. The business finance, may be expected to arise. Will they have chosen is no other than bank- these perceive in the large amounts of ing-—intricate and difficult, to. one’ not money they will have at command- Tis fact that certain labor unions of banking facilities to non-unionists also | carefully trained up in it. Not long ago posits and profits—opportunities — for it would have seemed an imp de constructive activities for the benefit of line for organized labor, But there is. the unions? Being virtually capitalists, proof that a union t in Cleveland will they feel impelled—with the sanc- and another in Chicago have been suc- tion of their fellow-members—to use the cessful, and this lately prompted the iks’ resources in capitalistic fashion, creation of three distinct labor union id_establish or finance strictly union banks in New York City—one with no manufacturing, mining and_ commercial less than seven branches—and the pur- enterprises? There are economists who chase by a prominent union of a con- argue that union funds would be mor siderable interest in a well-established, usefully employed in building up com- old-line trust company. peting establishments than in ¢fighting The founders seemingly believe that unbending employers by means of strik« these institutions will serve the needs of The prospect. of competition, they be union men more sympathetically than Jieve, would prove more effective. than banks conducted by capitalists have been boycotts or acts of violence in gaining doing. However that may be, the union workmen's demands. financiers cannot safely, and probably ‘This would hardly prove to be more will not, ignore the principles of sound than a dream unless organized. labor's banking. The experiment in North yentures in business become numerous Dakota of relaxing security requirements and prosperous. But here is a sign of and giving too liberal credits to farmers the times that will bear watching. There proved disastrous to the banks. The are possibilities in these intended concen- managers of these union banks will doubt- trations of organized labor’s capital which less take counsel with those of the older no one can fully foresee. These may yet banks and thus avoid serious mistakes, become actors of we ght in the ongoing though they cannot, any more than of the business world. Answers to Inquiries and losses. ‘The community will be glad, omewvers to nauines | to find in them safe custodians and wise dividend of 15 per cent. July 20, 1922. That wa administrators of their depositors’ money. If the banks varying ra have the confidence seed: of the union rank ‘ a and file they will 5 q stock divi no doubt attract to : ; eney On cane 8 ene themselves a large - ‘he company has beg share of the funds portance. Lriseonstructing now being intrusted é a new building which will banks. But they production increases. Th have as much right = certainly indicates the com: as anybody else to the futur do that, and success jotalk he: Il te will justify the W., Buooxys, existence. American Water Works & ° Electric 7 per cent. pfd. is 4 : an excellent ut what doesthis ‘The 6 per cent. sece ferred is not making ar departure from fetumn ai present. © The the traditional aim Saunton stork ean rece nothing until 6 per cent and purpose of the paid on second. prefer union portend? Will The company. seems to ! earning sufficient for ¢ the union bankers dends on these two be contented with Among issues dealt in ont merely making loans Harris & Ewing yield you 7 per cent on reasonable terms S. J. HIGH Roane et ‘ie | to workingmen, pay- President of the People’s Bank & Trust : Company of Tupelo, Miss., and former pid. and Allis-Chalmer President of the Mississippi Bankers’ per cent. pfd. The 7 = 2 -, Association. He has fostered the live cent. first mortgage profit, sharing with stock industry, and is an authority on ‘jit! bonds advertice! | them? The granting credits, garded. Th ‘The Standard Gas ig depositors gen- erous interest and