Your Investment Problem 



T TNDER present conditions sound investment securities are available at prices 

 ^ which yield unusually attractive returns. In solving your investment problem— 

 in placing your funds or in re-investing your holdings to the best advantage — the 

 Bond Department of this Company can be of service to you. 



This Department is a complete investment organization, with every modern Lenity 

 for service to investors. It investigates, examines, and underwrites bond and note 

 issues; buys and sells securities; and furnishes information relating to investments. 



I 



Through our correspondents in various 

 cities, these facilities are placed at the 

 convenient disposal of our customers 

 outside of New York. 



This Company is an organization — of 

 which the Bond Department is a part — 

 covering completely the field of banking 

 and trust service. 



Through its Banking Department, the 

 Company transacts a general commercial 

 banking business. As a member of the 

 Federal Reserve System the Company is 

 enabled to extend to its customers the 

 credit facilities and rediscount and collec- 

 tion privileges of a member bank. 



Through its Foreign Department and its 

 affiliations and connections throughout 

 the world, the Company affords a com- 

 plete foreign banking service. 



Through its Trust Department the Com- 

 pany acts in every fiduciary capacity for 

 corporations and individuals. 



Your inquiries as to how we may serve 

 you will be welcomed. 



Our monthly booklet, Investment Recommendations , will be sent on request. 



Guaranty Trust Company of New York 



140 Broadway 



Fifth Ave. Office 

 Fifth Ave. & 43rd St. 



Madison Ave. Office 

 Madison Ave. & 60th St. 



London Offices 

 32 Lombard St., E. C. 

 5Lr. GrosvenorPl.,S. W. 



Paris Office 

 Rue des Italiens, 1 & 3 



Tours Office 

 Rue Etienne Pallu, 7 



Capital & Surplus $5 0,000,0 00 Resources over $6 00,000,000 



'Mention the Geographic — It identifies you." 



