niiiimmim 



iiimifESTAeusHED jgrgnnnm i 



7% to 8% 



Buy Now for January Delivery 



A choice variety of investments in $100, 

 $500, and $1,000 denominations, se- 

 cured by essential industries, are avail- 

 able at this time. They were withheld 

 from market during the Fourth Liberty 

 Loan campaign. 



You can take advantage of the present 

 high-rate market and make reservations 

 of these unusually attractive invest- 

 ments now. Delivery and payment 

 may be made any time up to and 

 including the first of January. 



Ask for Circular No. 1016-D 



Peabody* 

 Houghtcling&Co. 



(ESTABLISHED 1865) 

 10 South La Salle Street, Chicago 



MIIIHMI 1 1 II II 



HHHK ESTABLISHED 1865 



^-11 1 1 1 1 I TU 1 1 1 1 1 1 1 1 1 1 1 1 



Issued in payment for municipal improve- 

 ments. Supported by the 'value of the im- 

 provements, plus the taxing po<wsr of the 

 municipalities issuing them. 

 These municipal bonds pay from 4K% to 6%; 

 issued in denominations of $100, $500, and 

 $1,000. 



Exempt from Federal Income Tax. Readily market- 

 able. Sought by savings banks, insurance com- 

 panies and other investors in very safe securities. 



We also specialize in all issues of 

 Government Bonds 



Send for booklets "Bonds as Safe as our cities", 

 and * A Nation at War — Its Financial Needs". 

 Address Dept. N — n. 



William R.fimpton (a 



GOVERNMENT AND MUNICIPAL BONDS 



"Over a Quarter Century in this Business" 



NEW YORK ST. LOUIS 



14 Wall Street 408 Olive Street 



CHICAGO CINCINNATI 



105 So. LaSalle St. S05 Union Trust Bldg. 



PITTSBURGH JACKSON, MISS. 



Farmers Bank Bldg. Millsaps Bldg. 



How to Turn 

 $1000Into$1600 



AN investment of $1000 in a 

 ten-year first mortgage 6% 

 bond, safeguarded under the 

 Straus Plan, will yield a total 

 return of $1600 in principal and 

 interest. If you want a security 

 maturing sooner, you have a 

 choice from ten down to two 

 years, as the bonds mature 

 serially. 



These well-secured bonds are 

 issued in denominations of $100, 

 $500 and $1000. Write today 

 for our booklet, "Safety and 6%," 

 and for 



Circular K-808 



Established 1882 Incorporated 

 NEW YORK CHICAGO 

 150 Broadway Straus Building 



Detroit Minneapolis San Francisco Philadelphia 



36 years without loss to any investor 



| The Trustee and I 



| the Individual Investor | 



| r I A HE steady growth of our trust fund business | 



| -fl. is significant. It shows that trustees are | 



= coming to recognize very generally that they | 



E can command from us advice of value. | 



|j To the individual investor, such a service is of | 



fi equal importance. He rarely has the time or | 



= facilities for thoroughly investigating the invest- § 



s ment situation, and it is the part of wisdom for 1 



s him to seek the best advice obtainable. | 



I We shall be pleased to have you consult us. | 



1 Our current offerings of Bonds and Short Term § 



| Notes will be sent upon request for Circular I 



| AN-96. 1 



I The National City | 



j Company § 



I National City Bank Building, New York | 



| No. 514 Fifth Ave., New York | 



| CORRESPONDENT OFFICES IN 31 CITIES | 



= Bonds Short Term Notes Acceptances | 



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1 Mention the Geographic — It identifies you." 



