The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-06-20

NOW IS THE Time.
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The Prudential Trust Co., and The
Prudential Savings Bank.
In spite of the fact that the banking
business generally has suffered many
handicaps during the past year. the
reports Of the Prudential Trust Co.,
and the Prudential Savings bank.
submitted to the state bank examiner,
show a substantial increase in bust
ness done, and the officers of both In
situations feel highly pleased at the
prospects for the balance of 1908.
In speaking of banking business
generally Mr.. George p Stitt re-
marked on the large number of peo-
pie who misunderstood the mission of
trust company. Continuing Mr..
Stitt said:
1--WE wish it were possible to have
all the people of Topeka and the
state of Kansas fully understand and
appreciate the functions of trust
company. Acting as registrar and
trustee for bond and stock issues, the
records show this company as mort
gagor and many persons think that
this company has made a loan for the
amount shown in the trust deed. In
no case of this character do we make
loan, we simply act in the capacity
of protector for. or guardian of those
who invest in the stock and bond is.
sues. We keep a complete record of
each issue of stocks and bonds open
to the inspection of every holder of
record of same. No certificate Of
stock or bond is valid unless counter
signed by this company, and 1t is an
impossibflity for any firm or corpora
ton to make an over issue. A we'll
managed trust company is of in
estimable value to every state and
city, and the new corporations being
organized in Kansas realize the neces-
sity of furnishing protection for the
investor in their stocks or bonds. AS
trustee and registrar. a trust COM
pany can protect all interests by en-
forcing every condition and require
ment, and in case Of failure on the
part Of the makers of an obligation
it is the trust company's duty to i'm
mediately enforce compliance of all
terms of the contract. A trust COM
pany's name often appears in print,
while acting in this capacity only
Kenwood the Beautiful.
Possibly the most beautiful addition
that of Kenwood, formerly the Keith
tract, bounded by Fourth street on the
south, Potwin Place, on the west, Bu
chanan street.. on the east, and ex-
tending to and including beautiful
wooded strip on the north. Lying as it
does in the most beautiful part of the
city, Kenwood should and will become
one of Topeka's most popular resi-
dence districts, and from the large
number of lots sold during the past
few weeks, Topekans surely appre-
ciate the beauty and value Of the new
addition. When the tract was first
opened it contained 500 lots, but dur
ing the present sale, which has been
conducted by Gillett & Gillett. 104
West Fifth street. over 400 lots have
been sold. These lots brought from
sos to $500 each, which is considered
a very low price. and as they were
purchased for homes, many Of the
buyers would not resell even at a
paid. The addition is well arranged,
the streets are all graded and in line,
trees have been set out in the parks,
and by fall all the modern conven-
fences will have been installed. Sew
eral contracts for dwellings have been
let, and plans for several more are
being prepared. On the north of the
addition is one of the most beautiful
wooded tracts in Shawnee county. This
strip is about 800 feet deep and ex-
tends across the entire addition and
a part of the strip is being arranged
for park The strip contains hick-
DRY, oak and black walnut trees, well
covered with fine blue grass. There is
wood, and the wise one who purchase
lots now. at the present prevailing
prices, will in a short time net
handsome increase on the investment,
and as the lots can be bought on the
easiest of payment terms, the renter
should avail himself of this oppor-
tunfty to secure a home.
Parr Bros, Vancil 8 Hearick.
The growth and expansion Of the
firm of Parr Bros, Vancil & Hearick
is an indication of the prosperity of
Topeka, and the esteme in which this
firm is held by the public generally.
From very small beginning they
grew until their business demanded
larger quarters, and they moved to
ia West Eighth street, where they
have one of the most complete lines
Of wall coverings in the west. AS the
firm prospered a branch store was
opened at Junction City, and this new
venture has proven highly profitable.
In buying for the two stores. Parr
Bros, Vancil & Hearick buy and sell
more wall paper and coverings than
any other concern Of their kind in
Kansas. ti5
jackson Walker Coal 8 Material Go.
The Jackson Walker Coal & Material
company, one OF the largest concerns
of the kind In the west, extensive deal
ers in coal and building material, re-
port a nice increase in business done
SO far during 1908, over the correspond
ing time in 1907. This coming from
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