The Washington herald., 1921-07-15
81 100000 FIRST
MORTGAGE LOAN
BY!DISTRICT FIRM
F. H. Smith Co. Under
writes Obligation for
New Hamilton Hotel.
MODERN STRUCTURE
To Be;;Eleven-Story Building
With Every Convenience.
LEGAL Men Interested.
MODERN STRUCTURE

One OF the largest first mortgage
real estate loans ever consummated
In Washington has just been closed
in the underwriting by the F. H.
Smith Company of the S1,2o0,oo0
first mortgage secured on the land,
building and equipment of the New
Hamilton Hotel. The new hotel will
be in course of erection just as
soon as the old Hamilton Hotel,
which has stood on the site at the
corner of Fourteenth and X streets
northwest since before the civil war,
is razed-. 1t is expected that the
new building will be ready for oc-
cupancy. fully equipped. about the
first of March Of next year.
The bond issue, which is secured
by the nrsr mortgage, carries per
cent interest. with the normal Fed
eral income tax up to per cent
and the District of Columbia in
tangible tax of mills paid by the
borrowing corporation, the Hamil-
ton Hotel Corporation. The security
is valued at 100000 and the in
terest is payable on the first Of jan
uary and the first of July. Bonds
are in denominations Of $1,000, $500
anu s1OOs 50 lndI ING AdA Sc as "ChA
as the small investor Is taken
care Of
The New Hamilton will be an
elsven-story modern fireproof build
ing. containing $40 rooms and $40
baths, covering approximately 15,-
900 square feet, located at Four
teenth and K streets northwest, i'm
mediately. facing Franklin square
s.Nw
alley. The plant is to be operated
by hotel experts and is built to sup
ply demand for accommodations in
this city which has grown in vol
ume during the past ten years
The F. II. Smith Company was
established in 1873 and throughout
its business career of forty-eight
years in handling first mortgage
loans. mostly on business property
i'm the city of Washington. 1t has
never had a loss of principal or
interest to any of its investors.
The directors of the Hamilton Ho-
tel Corporation are: Ezra Gould,
president Washington Mechanics
Savings Bank: Hon. W. Gwynn Gar
diner. attorney-atlaw. former Com
missioner of the District OF Colum-
bia: Theodore L. Weed. vice presi-
dent Commonwealth Finance Corpo-
ration. New York: William A Mills,
Washington representative of the
Commonwealth Finance Corporation
of New York: John r. Waller. sec
retsry-treasurer international Bank.
Washington, d. c.
A. r. & r. Earnings. .
A statement of the American TEL
eplrone---and Telegraph Company
earnings for the six months ending
June 30. 1921. contrasted with earn
ings for the corresponding period
of last year, is given as follows:
Total earnings. s53.42s.S55.2s this
year. as.sgainst s51.75s.720 last. Ex-
penssscAi7. .ots.72s.s1 this year. con-
traaefdsSith s16.oos. .260.22 last. leav-
ing sp<ssearnings this year of S36,-
3S0.Ie5.F7I compared with s35,750.-
s.7s 10 1s2o.
Local Securities.
Boras. lost much of their recent
prornins6ce on the Washington Stock
Exchange yesterday. Trading was
well vaffegated. with little or no
differsnce in prices or market ten
deney.
Potomac Electric Consol IS were
traded in to the extent of $4,000
at IS: like amount of Metropoli-
tan Railroad IS at 81. while Wash
ington Gas IN per cent notes had
sales involving $4,000 at 1o4.
Capital Traction stock changed
hands TO the extent of 20 shares
at 81, and shares of District Ma
tional Bank were disposed of at ITO.
Seyenty-five shares of Capital Trac-
tion at s6%, as Of July 13, was
also recorded.
Call money continued to rule at
Q per cent, with Z per cent bid.
Personal.
James A. Edgar. general sales
manager of E. L. Stock and Com
pany, investment agents for the In
Finance Corporation. is
in Philadelphia for few days on
business for the firm.