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| September Investments | 

 On Attractive Basis 



| are offering foi September investment | 



| bonds and short-term notes of a breadth | 



| and variety to meet the requirements of all 1 



| classes of investors. 1 



I The securities we offer have been investigated | 



E by our buying departments and we recommend 1 



| them to the consideration of investors. | 



| Securities at present prices afford a liberal | 



| yield and we recommend them for investment. | 



| Send for List AN- 8 7 § 



| The National City | 



| Company | 



I National City Bank Building, New York | 



| Correspondent Offices in 31 Cities | 



E Bonds Short-Term Notes Acceptances | 



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Buy Liberty 

 Bonds to the 

 Utmost 



THE duty of every Americnn 

 soldier is to fight for Liberty. 



The duty of every American 

 citizen is to lend for Liberty — 

 to buy Liberty bonds and buy 

 to the utmost. 



Back up the Boys in France! 

 Buy bonds of the Fourth Liberty 

 Loan to the limit of your ability. 

 Let your subscription equal the 

 full measure of your patriotism! 



SMSTMAHJS & CO. 



Established 1882 Incorporated 

 NEW YORK CHICAGO 

 150 Broadway Straus Building 



Detroit Minneapolis San Francisco Philadelphia 



36 years without loss to any investor 



1 1 1 IIIIIIJIL 1 1 1 1 1 1 1 1 1 1 1 



established & ji iiiiiNima mamH 



From Safe Investment 

 For One, Two or Three Years 



Denominations of $100, $500, and $1,000. 



Abundant security and ample future earn- 

 ings assured by long-time contracts. 



Company's product is of utmost impor- 

 tance in both peace and war times. 



Ownership one of the strongest in the 

 Middle West. 



Valuable conversion privilege. 



Arrangements already consummated as- 

 suring prompt payment at maturity. 



Write for Circular No. 1012-D 



Peabody, 

 Houghteling&Co. 



(ESTABLISHED 1865) 

 10 South La Salle Street, Chicago 



(B-294) 



1 1 i 1 1 1 1 1 1 1 1 ■ 1 1 1 1 1 1 ■ i ■ 1 1 : 



ESTABLISHED { 1 1 j ! j 1 1 i ! 1 1 1 1 1 1 1 1 1 1 i 1 1 



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| Municipal Bonds | 



| Protected | 



H by Municipal Taxes g 



I Exempted ( 



i : from Federal Taxes ( 



J Municipal Bonds yielding from 4§% 1 



| to 6% in $100, $500 and $1000 M 



m denominations. Principal and interest pro- = 



j tected by municipal taxation; exempted i§ 



; from Federal Income Tax. Issued by thriv- j| 



U ing cities — amply secured— readily market- g 



J able. These bonds are sought by savings □ 



H banks, insurance companies and other ultra- || 



g conservative investors. g 



|| We also specialize in all issues of g 



H Government Bonds || 



H Send^for booklets "Bonds as Safe as our Cities" M 



!| and "A Nation at War — Its Financial Needs", §§ 



HI Address dept. N~9. n 



I William R.ftmptonfc. I 



§| GOVERNMENT AND MUNICIPAL BONDS || 



§§ "Over a Quarter Century in This Business" g 



H NEW YORK ST. LOUIS g 



= 14 Wall Street 408 Olive Street = 



f§ CHICAGO CINCINNATI H 



|| 105 So. LaSalle St. 305 Union Trust Bldg. || 



! PITTSBURGH JACKSON, MISS. H 



= Farmers Bank Bldg. 506 Millsaps Bldg. = 



"Mention the Geographic — It identifies you. ! 



