davidaulloa/AmericanStories huggingface dataset:
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
CHURCH DIRECTORY

John Wesley A. VI. Z. Zion, Hart
ford Ave. near Milford
Metropolitan Community, 545 Di
vision st.
New Bethel Baptist, 1910 Hast
ings, cor. Willis
Tabernacle Baptist, cor. Beech.
wood and Milford
First Baptist, Ecorse. Mich. cor
18th and Francis.
Allen Temple A. NJ. f., Holhrook
and Russell
Russell-Cad. 1851
Bethel A. VI. +. Church, 5Sa
Baptist Christian Center. ils
Fredcrick-Trin. 2-9657
Calvary Baptist Church. 1880 Jos
Campau. Fitz. 9755
Macedonia Bapt., Cor. s.. Aubia
and Mullett
Mt. Olive Baptist CAurch, 32a r.
Wiilis-Col 1887
Second Baptist Church, Al Non
roe-Cad. 0Se6
Plymouth Congregational, Gar
field and Beaubien
St. Cvprian Episcopal, 18th az
Milford
ST. Matthew's Episcopal ChurcH,
2019 St. Antoire-Ran. 7254
St. Paul A. NJ. f., Chcne S.. a
St. stephens A. NJ. F.. Stanford
Ebenezer, A. ". f. Church, SIS
Erskine-Cad. 3G2y
81. John Prcsbyter,ar. Madison
and DubOis-titz. l73lJ
81. Peter Claver Eectory. $50 III.
iot--Col 5o73
antioch Baptist. G26 Brewster st
Good Hope BAPTIST 25l25 Blai
Avenue. East Detroit
Morning Star Baptist, 1919 L
Lafayette
Mt. Zion Baptist. Ecorse, 18th ard
Highson
New Mt. Vernon Baptist. Ithica 81
~ w. Detroit.
Auhin
St. John c. ". f.. Mamie and s.
Scott VI. F.. Cor. Kirby and s.
Antoine
St. James Baptist, 1888 Rivard-
Cherry 1882
Metropolitan Baptist Church
Hastings, near Ferry.
Peoples Baptist, Jos. Campau and
Arndt
Providence Baptist. Richmond, ~
Russell ST. Baptist, Cor. Russell
and Alger
St. Paul a. NJ. +. Zion. Palmer a
Beaubien
First Baptist Church OF Ecorse
cor. 18th. and Francis -
Central Avenue G VI +. Church.
7713 Central Avenue. near Tire
man Rev. Alfred II Phelps
East Lake Baptist Church Al
Tennessee Avenue
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Creator Shiloh Bap-
fist Church
$50 Benton Street

Sunday morning, Rev, Ross
preached a sermon which greatly
inspired his congregatin, subject,
Certain Evidences of the Indwell-
ing Spirit" Two applied for mem
bership.
The Lord's Supper was admins
tered as usual at pm.
Sunday morning, Dec. 10. at
10:45 a. m, Walter II. Butcher,
secretary of the City Plan Com
mission will speak on the slum
project and how 1t will effect the
ones who are living In these ter
ritories. The talk will be of vital
interest to every individual of these
. districts. All are urged to attend.
The Young Peoples Department
OF the Sunday School in their
financial drive has arranged for a
program for Sunday afternoon at
o'clock. Rev. l.. T. Clay Of Peace
Baptist Church will be the princi-
pal speaker.
The Mothers Board will have
charge OF the night services. Mrs.
C.. Best has promised splendid
program. Rev. NJ. Mills is sched-
uled to be the speaker.
"They that Sit In Darkness" a
Christmas drama. will be presented
at Shiloh Dec. II, at p. m. by the
clo-Dramatic Club. At the same
time the Progressive Rally between
New Mt Zion and Shiloh will
terminate.
The Nurses Guild under the Sup
ervision Of Mrs. A. Thorpe deserve
honorable mention for the excel
lent showing it is presenting at
each service.
Miss Angelina Ross was one Of
the prize winners OF the Ford Elk
hibtion Contest held recently.
The debate held last Saturday
night . between the G. +. Askew'
Progressive Association and the s.
u. Ross Improvement Club of the
West Side was won by Shiloh. Miss
Abigail Ross deserves praise for
the remarkable showing made N
defending the $. d. Ross Club.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
CENTRAL BAPTIST CHURCH

Central Baptist Church partici
pated In a Thanksgiving service
held at the AiJalon Baptist Church,
ll.30 a. NJ. of which Rev. L. ).
Goldsby is pastor.
Music was rendered by n mixed
chorus from the two churches. \
brief program was also rendered
by the 5. :. of the Aijalon Church.
The sermon was delivered by
Roy. II J. Handy.
At $40 y. m, Thanksgiving
nroeram Vas rendered by the 5. s.
Tho attcAancc was fine and the
collection liberal.
Mrs. Ethlyn Keys was chairman
o, the program committee.
Miss Mary Beard. n member Ct
the s. s., has recovered from
recent iliness.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Mt. Vernon Church

Sunday morning, Dec. 3, Rev.
Ball preached a splendid sermon
to a large and appreciative audi
ence text, Exodus 1913. At the night
service, Holy Communion was ad-
ministered and testimonials given.
Rev. Hicks returned to the city
Tuesday after a visit to Kentucky,
and he preached Thursday morn
ing. His text was from Psalm 1869
subject, 30, Give Thanks" He left
Thursday night for New York, to
conduct a ten days meeting.
On Monday evening Dec. 4, the
Missionary Society gave an en-
tertainment at the home of Mr.. and
Mrs. Ingram, 1929 Madison.
Come out Thursday night and
witness the contest between the
Lily OF the Valley Club and the
Willing Workers Club, conducted
by Rev. Ball.
Prayer meetings are held on
Wednesday nights; Missionary
meetings on Mondays. from ! to 4
p. m. All are invited.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Bethel League No. l

Tho Allen Christian Endeavor
League Of Greater Bethel Church,
81 Antoine and Frederick streets,
held very interesting session,
Sunday evening. The subject was
Causes and Cures of Pvehty"
which was ably discussed by DR..
II. J.. Simms The address was pre-
ceded by an interesting general
discussion by league members on
Lessons from the Depression"
Mrs. Rosa Tyrus. soprano, OF
Calvary Baptist Church sang very
beautiful solo as did also ID. G.
Lee of the Senior Choir's bass di-
vision.
League M. meets each Sunday
evening at six O'Clock. The subject
for Sunday, Dec. 10, is What Does
Salvation Mean?" You are urged
20 attend.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
WITH THE CHURCHES
St. James c M. E.

"The Upper Room" was the
Communion sermon preached by
Rev w. J. G.. McLin last Sunday
morning The subject was taken
from the 22nd chapter of st. Luke
the 18th verse " And he shall show
you a large upper room furnished
there, make ready" The pastor
said in part:
When the Lord told the disciples
to go find the upper room, he was
sure OF the hospitality they would
receive. For the Fasteners always
kept an upper room, or guest
chamber. for strangers. And in
each OF these rooms were provided
the proper facilities for worship
regardless of religion. This room
was best situated for counsel and
meditatlon-away from the noise
OF the family. If we. too, would live
high above the noise and hustle OF
the world, the lesser evils could
not dissuade us. The Passover
commentaries the passover OF the
Death Angel. What does 1t mean to
YOU? Does 1t mean that you have
passed from Death unto Life?
Rev. McLin will discuss A Christ
For Sale" Dec. 10th.
The church is anticipating
spiritual and financial success In
the 1st Quarterly Conference, Dec.
3lst, with the aid of sister
churches. The public Is cordially
invited to attend the services at
all times.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Music Glasses Con-
Quoted At Allen
Temple Church

Mrs. Bertha Hansbury Phillips IS
successfully conducting 2 music
class at Allen Temple A. NJ. T.
Church with the able assistance OF
her co-worker, Mrs. Young. Mrs
Phillips is an accomplished must
sian. having graduated from the
Detroit Conservatory OF Music ana
pursued course OF advanced study
al Berlin. Germany.
The class is composed of twenty
pupils. and is steadily growing.
They meet every Friday afternoon,
from 2 TO 3 o'clock. and each pupil
receives individual attention
Both young and old pupils are
taking advantage of this splendid
training at such low prices.
Mrs. Phillips is planning to CIV
a second recital with her music
class at Allen Temple, in the near
future.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Turner's Chapel c,
M. E. Church
Robertson & MIL streets
VI. Clemens, Mich.

Turner'S c. VI. f. Church is pro-
crossing splendldly, under the eff
ucient pastorate OF Rev Alfred II.
Phelps. He is conscientious
worker and a fine preacher.
The Union Quarterly Conference
held successful meeting Sunday
afternoon. DR.. w. w. Clark pastor
0 ST. Johns c. NJ +. Church, and
tho Gospel Chorus rendered inspir-
ing service DR.. Clark spoke on the
subject "Fretting" the text being
taken from the Psalm 81. The total
collection raised was $3.50.
Friends are invited to visit
Turner's Chapel c. NJ. +. Church,
wher in Mt. Clemens.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09

man choose for his morning ser
mon last Sunday. Talking on =
Slogans" particularly the late ma
tional slogan the n. r. Awe
DO Our Part" the text was inter
preted to mean. Doing Our Part
as Christians. He spoke of our in
dividual, personal responsibility In
trying to remedy the evils of the
social order of today. such as the
exploitation of the masses and
uneven distribution OF wealth. IL
said: 1--WE should become coordi-
majors i'm doing our part for th'
Church as well as society so far as
our ability will allow and bear
one another's burdens as a reli-
gious responsibility"
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Peoples B a t i s t
DIR. 4. VI. kaigler, Pastor

The week of prayer was well
attended. The members of the
church are now enjoying u week OF
preaching. Mrs. Spratt, noted
evangelist singer, gives her service
each evening.
On Dec. IA, the young people
will present 1.-THE New Parson, "
with X. c. Oglesby as leading man.
and Mrss Florence Green leading
lady.
December Is will be observed al
the church as Great Lakes Mutual
Insurance Company's week. All the
representative of the company are
expected to attend the affairs in a
body.
Sunday, Rev. Brady will be al
tho church. The public is invited.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
MY DREAM OF THE c. U.
B. U. PARADE
by Mrs. Ella Coles

L saw Il DlB pdIduS ioSe h'bhe
Come down Elizabeth Street,
Which was lighted by a million
lights,
And everything was neat.
There we're fifty thousand
marchers.
Led by an hundred different
bands
And behold the Union Ushers came
Marching where | did stand.
Now the street was bright golden
A wonderful sight indeed;
I saw our President Gordon,
Marching in the lead.
He marched with his many ushers,
And folk wondered where they
were going;
They were bound for the Phyllis
Wheatley Home.
To serve the old folk there.
They were decorated with i.owers.
And riding in a shiny car
Was Mother Powell, mother OF
X. S. U. b.
The ushers came marching bold.~
Singing Il am Singing In My
Soul"
And the mothers began praying,
Just as the mothers of old.
Then | saw my own dear mother,
Dressed up in heaven as queen,
Marching on with the others,
And that was the end Of my
dream.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Peace Baptist
Rev. Lee T. Clay, Pastor


Sunday, Dec. 10, the Nurses
Guild will celebrate its fifth ami
vorsary, with fitting health pro
gram. Dr. S. II. c. Owen prominent
surgeon of the city, will be guest
speaker.
The Trustee Board, Calvin \,
Hendricks, chairman, will give a
winter outing, Thursday, Dec. IA.
Tho church invites all to come and
have social evening.
The Sunday School under the
leadership of Grady Harris is max
ing great progress. Plans are being
made to have a Christmas tree and
gifts for the Riddles.
Last Sunday, the reporter, Mrs
l.. NJ. Hendricks was absent from
services so the column is necessar-
lily short this week.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09

Nj Tabor Baptist Church Russell.
and Palmer
NEW MT. MARIAH BAPTIST
1863 Hague.
CENTRAL BAPTIST COOS Ante
tam
TABERNACLE COMMUNITY Cor
Hancock and Beaubicn.
tlirRCH or GOD Cor. Mullet;
and Orleans Streets.
Friendship Baptist church 925
Euclid
Alfred az Hastings
shiloh Baptist Church 553 Ben
ton street
Central Baptist 264l rarlev Ave.
Mt Vernon Baptist 2l95S Madison
Grace chapel c. VI. f. ll79 f..
philadelphia
second Morning star Baptist
l1ls Russell
l'aion naptis; 1926 Cameron, at
Clay.
TURNER Chapel G. NJ. L.
Robertson and Nell ST.. Mt. Gle
mems, Michigan
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Church of God

The Thanksgiving services at
this church were grand and well
attended. The pastor gave an in
spring message from the subject:
"Why Give Thanks" The text was
taken from III Cor. 9i5 Thanks BE
/ Unto God For His Unspeakable
| Gift!" T n congregation was
stirred by tho masterful prcsen'a-
iiion of the thought. Why give
Thanks. There were two additions
TO the church at the close of tho
message.
In the evening there was another
Encouraging message given by the
assistant pastor, Rev. w. NJ. Crom-
cr. The services on last Sunday
were well attended in spite of the
rain. The pastor brought TO the
congregation an inspiring message
from the subject, Making Religion
! Attractive" He said in part, that
/. we are to win the world to the
Lord Jesus Christ we must make
religion attractive. There must he
in It's presentation that which will
appeal TO all classes. Jesus Christ,
onr great Example put forth his
claims in such way that IL ap-
pcaled TO men. women and children
of every cast and class. We are re-
minded OF the saying; "The Com
mon people heard Him gladly"
4 The hearers we're greatly moved as
he brought many reasons to their
attention why Christians should
make religion attractive.
On Monday evening there was a
surprise party given in honor OF
Robert Taylor's Both birthday.
Church meeting on Thursday
evening OF this week. In the very
near future there will be a musical
program given by the special
chorus being trained by A. O
Brown.
Everyone is invited TO attend tho
MONDAY prayer service, ever,
day including Saturday. Come ant
pray and worship with us. There
is prayer and praise and testimon!
every day.
Tho sick list includes Mrs. Clar;
Scott, Mrs. Jamie Hare, and Mrs
Wilbur Greene.
The pastor and wife were giveI
a very splendid shower Frida,
, night. The table was laden will
/ good things to eat. The member
, OF this little church are very en-
| thusiastic over the fneness ani
! clcaness of the DETROIT TRT
/ BUNE. The whole stan and mem
| bers OF the paper are very fine pco
| pic. II will pay every one to max
c a visit to the office, purchase an
ca regularly the TRIBUNl
We are pleased with IL.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
LANSING NEWS

| Miss Louise Hamilton, of Detroit
is visiting her parents and little
] brother, Mr.. and Mrs. Hamilton
and son. Junior. who reside with
Mrs. Marshall Gray 1916 w. ST..
Joe. Mrs. Hamilton is known at
the Cotton Club as Barbara
Other visitors in Lansing for the
Thanksgiving holidays were Miss
Lucille Predle and Miss Mary Col
bert, OF Jackson. guests of Misses
Retha Cross and Helen Bannistcr.
The citizens of Lansing were
delighted to- SEQ SO many visitors
from neighboring towns in this city
recently. including Grand Rapids,
Albion, Jackson and Battle Creek.
The visitors not only attend the |.
Il. =. O. T.. dance but the Pioneer
club, at III w. Kalamazoo street.
and the Little Harlem Sandwich
Shor. of which Mrs. William
Peterson is proprietor. Mrs. Peter
son reports that the guests were SO
numerous that extra tables had to
be provided, and after dining, they
danced until a. m.
The Three Aces sponsor floor
show every Friday night, at tn
Pioneer club. III W. Kalamazoo
street. Miss Jennie Bell Drew was
at the piano. The entertainers in
cluded Miss Helen Bannister, Miss
Retha Cross, Chick Wiley, Wilbei
/ White George Collins and Mr.. and
Mrs. Parker, OF Albion and others
Among the local sick are William
Roper, Zeno Scott and Miss Hildi
Allen. Miss Allen fell and fractured
her ankle, but will soon be able L
attend school again.
The reporter also learned tina
John Caldwell of Pittsburgh, an'
Mack Williams OF jackson, were
visitors at the Pioneer Club
Thanksgiving Day.
Mr.. and Mrs. BENJAMIN. OF Chicago
we're Weekend guests of his son
George and his brother, Charlie
Allen. both of 1888 Roosevelt
avenue. After the Thanksgiving
dinner, MIR. and Mrs. Benjamin ant
son, George; Mr.. and Mrs. Charlie
Allen and daughter, Bette; Johl
Dorsey. Mrs. G.. NJ. Wagner AM
MIR. and Mrs. William Caldwell
spent the evening at the Masoni
Hall attending tho Elks dance
where over 200 were present
The reporter visited Mrs. Tho
mas restaurant. at 705 w. 81. Jo,
where d different menu and home
, made ice cream are rived ever
Sunday.
Mr.. and Mrs. White, of Leslie
Mich. were in Lansing on Thank
giving as guests of her mother an
sister Mrs. Rosana Dawson, 100
W. st. Joe, and a sister. Mrs. Allie
S32 W. Main street. Mrs. Allen l
a reader Of the Tribune and also q
the Recorder.
Silver Leaf Lodge. No. 53i Z
Lansing. and Capital City Temple
No. 30S I. ID. p. o. + OF w. vii
sponsor cabaret and floor show
Dec. Is at 8 a. m, at Veterans
Memorial Hall.
BE sure to read the Detroit Tri
, bune.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Rev. King TIC Address
N.A.A.C.P. Mass Meeting

Rev. Herbert King will address
Mass Meeting at the Y. NJ. c. A.
Sunday, December 10. at 1880 p.
m. in the interest of the George
Crawford case OF Virginia.
Rev. Kings subject will be "Ts
Negroes Second Emancipatio.
Come and bring your friess--s
The speakers message is or vH1
interest to every thinking citiAse
The meeting will be under the aus
pieces of the local branch of the
n. a. a. G. +.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
NOTICE TO
CHU HE'S

All churches are requested
10 have their news Items In
the Tribune office not later
than Tuesday noon, each
week. In order 10 insure
publication. Our church pnge
Is made up Tuesday night.
We suggest that items OF nc
tlylties 10 he held. prove
more helpful to the charches
and more interesting to the
renders. than news OF past
activities.
We deeply appreciate the
loyal support the churches
Of the city are giving the
Tribune. and we VIII con-
tlnue 10 cooperate with
them 100 per cent.
Editor
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
City Ushers Union
M e e t With
Aged Mothers

The City Ushers Ton met WV
the mothers at PHI, $40 Wheaties
Home on Thanksgiving Day, at
D. m. There were 81 ushers present
10 cheer and encourage the .motA-
ers. A fine program was rendere"
and refreshments served. Inc
Ushers Union also gave lovely
flowers to the inmates OF the
Home.
Mrs. vanBraken, the matron'
made it comfortable for the visi-
tors. The Unions next meeting
will be at New Bethel, at Wills
and Hastings. Sunday, Dec. 10 al
3 D. m. All are invited to attend
the semi-annual meeting OF the
board.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Plymouth Congrega-
tional Church

The minister, Reverend Herbert
King preached last Sunday on the
subject. For What Have We To BE
Thankful
The new Inter Church Hymnals
were dedicated in an appropriate
service of conservation. The atten-
dance suffered appreciably from
Indictment weather, the number OF
communicates being less than in
any previous Sunday since the be
ginning of autumn work.
1t was announced that the Ply
mouth Gala Varieties would be
held in the Schillar Auditorium on
Friday evening. A large patronage
is expected. to witness the supberb
performance OF many of Detroit's
most choice talent, not least among
which is Gloster Currents Night
ingales who will play for the dane
Ing afterwards. The moderator,
Henry S. Dunbar, urged the mem
bership to support this affair in
order that the new decorations can
go forward with ease and without
financial strain.
Robert Fletcher stated that w. c.
Woodson, Executive Secretary Of
the Young Mems Christian Assoc
iation, would speak 10 the Ply
mouth Forum on next Sunday.
Mr.. King announced his sermon
subjects for the next few Sundays
and urged the membership to make
known To Interested friends the
agenda for the remainder of the
month and for the holiday season.
Next Sunday is International
Bible Sunday and the pastor will
speak on the subject, THE Bible,
Ancient or Modcrn9''. The follow
ing Sunday, December H. the sub
ject will be The Idea OF God Mos.
Necessary Is Con porary
Thought; and on December24, Mr..
King will speak on The Word
Made Flesh Today" Mr.. King
will be away for the nth Sunday
but will return from the East 10
preach from the subject. I'm The
on New Years Sunday.
The Plymouth Choir will do a
of interesting and insBir
ing numbers during the holiday
season. II has been announced that
December "a, at five in the after
noon. will be devoted To mos,
delightful Christmas Ncsper Serv-
ice under auspices OF the choir.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
HANrRiNCK

First Baptist Institutional. Mitch
ell and Carif
First Baptist Trowbridge neat
jos Campau
corinthian Baptist 1897 CONNER
81 Potter \. NJ f. Zion. Ycmans y
Quinn Chapel A. NJ f., Mckay ID
! Charest
Holmes, Hamtramck. Mich.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09

THE HOUR
BY W. Hernandez Greene

BY w Hernandez Greene
Behold the hour is near at hand,
Whom shall cease to walk this land.
J pray that shall leave behind
Goodwill and cheer to all mankind.
! strive to live an upright life.
Praying in faith that all be right;
/ SO about my daily task.
Seeing sunshine in all | pass.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
Presbyterian Church

Bear We one another's burdens.
and so fulfill the law of Christ
was the text from Galatians G;2
which the pastor, Rev. j. l.. Cole
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09
sT0P. LOOK, LISTEN!

Subscribe 10 and advertise In the
Detroit Tribune. BE able 10 say
that You are among those who are
supporting this progressive, rapid.
ly-grOwing newspaper, which Is ~
conrageously and efficiently fight.
lne 10 protect your rights and ad-
vance your welfare.
PatronIze our lob-printing de-
partment, and thereby help the
Tribune 10 serve the public better.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-12-09

Our advertisers are your friends.
Patronize them. They help the
Tribune.
The Washington times., 1933-09-11

Full details concerning Home
Owners Loan Corporation bonds,
soon to be issued in exchange for
mortgages on homes. are given
in a circular distributed today to
banks, insurance companies and
other financial institutions, as
well as to the corporations Of
fices throughout the country.
The bonds are expected to be
ready Shortly, and in the mean
time temporary certificates are
being issued in their stead.
Act Explained
The circular summarizes the
home owners loan act and ex-
plains the conditions under which
the corporation will make loans
secured by first mortgages. The
regulations adopted by the board
of directors are said to assure
ample security for the bonds.
Only first mortgages will be &C
The Washington times., 1933-09-11
Loans to Home Owners
Well Safeguarded

cepted and these must be secured
by real estate worth at least 25
per cent more than the par value
of the bonds exchanged.
AS further security. these bonds
have back of them the capital
stock of the corporation, to the
amount of $200,000,000, all of
which has been subscribed by the
United States Government. They
are exempt, both as to principal
and interest, from all Federal,
State, municipal and local taxa
ton. except surtaxes, estate, in
heritance and gift taxes.
Accepted at Par
They may be rendered at par
in payment of any principal or
interest payments on mortgage
debts due the corporation, and
are acceptable at par by the
Treasury as security for Govern
ment deposits. They are accept
able at market value to secure