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POWER
diffused

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M

LETROPOLITAN conges

tion is largely a result of a confined power supply. Early water power had to be used where Nature had put it. Steam power could not be transmitted; it was necessary that the worker come to the power. The distinctive value of electric power lay in the possibility of transmitting it; but at first it, too, could be supplied economically only to compact populations within close reach of the generating station. Small remote communities were served, if at all, by inadequate and uneconomical plants; sparsely populated areas had no electric service.

farms, quarries, mines, and other power-using activities. Among modern industrial accomplishments, this diffused power supply takes a high place. It puts to effective industrial use the vast areas outside of the cities, fitting the small communities for factories, giving industry lower costs and workers more pleasant living conditions. It conserves the advantages of mass production while providing an escape from such unpleasant consequences as congestion of population. It places power at the hand of the farmer and the miner, and diffuses the benefits of modern efficiency far and wide over the countryside.

MIDDLE WEST UTILITIES COMPANY

SERVING

3389 COMMUNITIES

IN

30 STATES

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JOHN HANCOCK SERIES

The Co-operative Marriage

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T

THRIVES ON

BUDGETING

HE Young-Weds who start with a BUDGET for chart are bound on a safer voyage, toward a pleasanter haven, than they who take a more haphazard financial course.

The BUDGETED Income, however small, can usually take care of the Needs, including Savings and Insurance, and leave something over for those Wants which have been approved by time.

Chart your course with a John Hancock Home Budget Sheet. Sent on request. Please enclose a two-cent stamp to cover the cost of mailing. Address:

INQUIRY BUREAU

John Hancock

LIFE INSURANCE COMPANY

OF BOSTON. MASSACHUSETTS

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A

New Straus Service

FOR nearly half a century in

vestors have come to S. W. STRAUS & CO. for safe investments. They have not been disappointed, for the first mortgage real estate bonds underwritten and safeguarded by us have earned a place in the market and a reputation for soundness. The steady growth of our clientele, now numbering into the hundreds of thousands, is testimony to the satisfaction of our customers.

Now, these clients, and
all other investors, may
obtain not only safety but
wide diversification in our
offerings.

These include carefully
selected railroad, public
utility, municipal, indus-
trial, foreign, and real
estate bonds, ranging in
yields from about 4 to 7%.

Investors will find it to their interest to take advantage of this new STRAUS service. We suggest that you write us, telling us what your investment requirements are, and asking us for our current offerings. Specify

BOOKLET H-1828

S.W. STRAUS & CO.

Investment Bonds

STRAUS BUILDING 565 Fifth Avenue

at 46th St.

NEW YORK

Incorporated

STRAUS BUILDING
Michigan Ave.
at Jackson Blvd.
CHICAGO

STRAUS BUILDING

79 Post Street, SAN FRANCISCO

ESTABLISHED IN 1882

Chicago

is the great department store for the mailorder buyers, and Edison Service enables many of these gigantic mail-order houses to operate on a day-and-night schedule to serve their customers more quickly. Commonwealth Edison Company

The Central Station Serving Chicago

Commonwealth Edison Company has paid 155 consecutive dividends to its stockholders. Stock listed on the Chicago Stock Exchange. Send for Year Book.

"Interesting Facts." A booklet giving graphic informatio concerning the properties and the investment opportuniti offered in the enterprises of the Associated Gas and Electr Company, Offered by Associated Gas and Electric Securiti Corporation, 61 Broadway, New York City.

"Investment Review." A booklet giving current inform tion on the selection of securities for investment is offered b Hornblower & Weeks, 60 Congress Street, Boston, Massachusett "Water, the Indispensable Utility." An interesting bool let, giving a detailed description of a water company's plant an operations, with special reference to the investment qualities securities of water companies. Offered by G. L. Ohrstrom Company, 44 Wall Street, New York City.

"What Most Men Forget." A folder explaining the ad vantages of investing safely in real estate mortgage bonds whic carry an independent surety company guarantee of paymen of principal and interest. Offered by the Empire Bond & Mort gage Corporation, National City Building, 42nd Street Madison Avenue, New York City.

"Guaranty Service." A book describing the work of variou departments and outlining services available to customer through these departments. Offered by the Guaranty Trus Company of New York, 140 Broadway, New York City.

"Foreign Dollar Bonds." A booklet containing valuabl suggestions for bond buyers and presenting the record of foreig loans in American markets. Offered by National City Company 55 Wall Street, New York City.

"Public Utility Investments." The Utility Securitie Company offers the securities of well-known public utilit: enterprises in 21 states. A Monthly Savings Plan of buyin is one of their sales features. Lists of securities, yielding a high as 7 per cent., will be sent upon request. Address: Utilit Securities Co., 72 W. Adams Street, Chicago, Illinois.

"The Ideal Investment." A booklet showing ten reason for the safety of Electric Power and Light Bonds as a basis fo investment, is offered by Thompson Ross & Company, 29 South La Salle Street, Chicago, Illinois.

"Two-Continent Investment Service." A circular out lining the facilities which an international investment house can furnish to American investors while in the United States as well as while they are traveling in foreign countries. Offered by de Saint Phalle & Company, 11 Wall Street, New York City.

1888 ~ 1928

N August the sixth, the investment and brokerage firm of Hornblower & Weeks rounds out forty years of service to the investing public of America. With nine completelyequipped offices in leading financial centers, memberships on the principal stock exchanges of the country, and a far-reaching private wire system, it offers every facility to investors and traders in solving their personal investment problems.

May we send you our Current InvestmenT SUGGESTIONS?
Write to any office for our folder — A-8

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Members of the New York, Boston, Chicago, Cleveland, and Detroit Stock Exchanges

"Stock and Bond Register." A record showing the important features of each security which is held by investors. Offered by Otis & Company, 216 Superior Street, N. E., Cleveland, Ohio.

"Survey of the South." A booklet showing the wide range of the South's natural resources as a basis for sound invest-ments. Offered by Caldwell & Company, 300 Union Street, Nashville, Tennessee.

"Investing for Safety." The newest publication of S. W. Straus & Co., 565 Fifth Avenue, New York City, describes in detail the methods followed by this organization in underwriting first mortgage real estate bond issues.

"Looking Ahead Financially." A helpful booklet on a very interesting subject - visualizing the factor of age in the financial affairs of men and women, and intended to help investors to build out of current income an accumulation of property to provide permanent income. Offered by Halsey, Stuart & Company, 201 So. La Salle Street, Chicago, Illinois. "Chain Store Securities." A booklet containing a thorough discussion of chain store systems explaining why they furnish an excellent basis for investment securities. Offered by George H. ✓ Burr & Company, 57 William Street, New York City.

"Foreign Dollar Bonds." Pertinent information regarding nearly 400 foreign issues offered in the United States is presented in the tenth edition of this booklet on international investments, issued by Brown Brothers & Co., 59 Wall Street, New York. A new feature of the booklet this year is the inclusion of general statistical information on certain of the countries covered. A limited supply of these booklets is available for distribution to investors on application.

"How Much Should I Save?" A booklet explaining two well-worked-out systems of accumulating money. Of particular interest to those who wish to build up an income by systematic saving. Offered by the Old Colony Corporation, which is owned by the Old Colony Trust Company, 17 Court Street, Boston, Massachusetts.

"Why a National Union for Safety." A booklet describing National Union Mortgage Bonds showing how securities are safeguarded through insurance of principal and interest by outside surety companies. Offered by the National Union Mortgage Company, 111 E. Redwood, Street, Baltimore, Maryland.

The Investment Company of America

An Investment Trust Administered
by a Trustee Corporation organized
under Michigan law.
Current Resources in excess of
$12,500,000.00

ITH its large resources and ex

Whitefits for and interpretation of economic and business conditions, The Investment Company of America is able to afford holders of its securities the benefits of careful selection, broad diversification and constant supervision of investments to a degree not ordinarily available to the individual investor.

A circular describing this Investment Trust will be sent upon request to those who ask for Bulletin 56

E. E. MACCRONE & COMPANY
Members New York and Detroit Stock Exchanges

37 Wall Street
NEW YORK

Penobscot Bldg.

DETROIT

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