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Oh! Those Joyous Christmas Bells.
Oh! The Joy of Christmas Giving.
And while you are giving why not give practical
gifts. There are so many to give to yes and
what shall you give? Let us help you. Our store is full of
real practical gifts and we will be glad to help you select just
what you want
Coats Handballs Blankets Dresses
Sweaters Pullman Slippers Mittens Hosiery
Handkerchiefs Scarfs m Gloves ' Beads
Underwear Purses Novelty Goods Linens
l,jii.w immiii imiiiiii fiMiapwil " i miirin i i riTri - inuMPtiMniM iMiintwiiBMHiiiiiBi'iff immmwwmwt ' i iwwwwwww'
And so many, many other things. Coma In, wc arc sure wo can help
you find Just tho right thing for the right person. ' 5 5
Remember! 20 Per Cent Discount on nil Ladies' and Misses
Coats and 25 Per Cent Discount on all Children's Coats.
Xmas Trees - 25c and up Layer Raisin, per lb - 20c
Xmas Candies, per lb - 12J&C Fancy Utah Apples, box - $1.25
Mixed Nuts, per lb - 20c Red Emperor Grapes, lb - 15c
Jumbo Peanuts, per lb - 10c Malaga Grapes, per lb - 20c
: f Red Cloud,
All Kinds of Fresh Vegetables
WEES, PEHHY & GO.
Nebraska
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Wc are again ready for business .and can be found in
Lindscy building until our new store is ready. Our stock of
Drugs was entirely destroyed and we are now opening our
new stock of -C-
Drugs, Patent Medicines and Druggist Sundries
We also have a new stock of -"
Christmas Goods
Toilet Cases, Manicure and Traveling Cases,
Vases, Games, Pictures, Etc.
Our stock of Books and Stationery, Calendars, Christ
mas Cards, Fountain Pens, etc., are all new and up-to-date.
School Supplies
We have our usual stock of Tablets, Pencils, Erasers,
Pens, etc., all new and fresh.
Fire Sale
Wc still have some of the fire stock goods which you
will find on the counters in the back of the room, which we
are selling without regard to first cost. We invite you to
call and sec what we have.
YOUR TRADE WILL BE APPRECIATED
k HAS. L. COTTIMG
B THE DRUGGIST
KSJ3SS '-
A Grave Crisis Con
fronts The Railroads
' WAR HAS CLOSED MONEY MARKETS OF EUROPE TO
THEM INDEFINITELY
In view of tho fact that ono of the
railrouds of Nobraskti has alieudy Med
nnl it dm fm mi Ineroiisu of rates
.with the State Railway Commission, it
Utho desire oi an mo ruiiruiuib io
..till.,. liU nnnnrtnnltV for nil llltl-
mat and frank discussion of the whole
rnilroad question with tho people of
this state. To this end, the careful
attention of tho reader is invited to a
series of articles which will appear in
tils newspaper during tho next few
weeks and which will contain tho most
far reaohlng discussions of this great
problem that has ever oppoarcd in the
public press. All that Is asked in the
meantime is that the people of Ne
braska accord to tho railroads tho
courtesy of llstenlug to their side of
tho story and theu form such conclu
sions as, in their judgment, tho facts
A
mav warrant,
That the railroads of the United
States are today confionted by tho
gravest crisis in their history thoro is
not tho slightest question For some
years they nave , been desperately
struggling with an ever increasing
cost of operation In tho face of reduced
freight and passenger ratos but seri
ous as this situation was before, tho
European war, which has indefinitely
closed to them the foreign money mar
kets, has suddenly brought them face
to face with a situation which threatens
not merely many new recoiverships
but tho actual paralysis of tho entire
transportation Industry of tho Nation,
it was this state of ufTuirs which com
pelled tho closing of the New York
Stock Exchange somo mouths ago
What will happen in the future tho
futiin iiloue on ii tell. American i.iil
i ciuls are v ;i nod in lotniil (inures nt
tu Hiuy billion ilollur, iiml of thl
Viist. s'iiiii iiimlv IIvm billion dull ir
ninth nl seetn-ities it re hi'lil iibroiil.
Should Humpc, ii. its fiantiu stiuggiu
for lutids, seek to con voit tlitficsei'iiri
tles Hi to rush timing lliii next twelve
tiunt lis, where is tho money to come
from witli which to buy tliein? nml
fulling to protect thi-hi? securities', what
(lellloiali. itiou will ted low not ineiely
jn iiiiiroiiil investments tint in all
ptlmr Aui"ili'an iuiliistiial vulues us
well? Tiiu iiivut htatoineut of David
Lloyil-diviige. Chancellor of the E.vhe,
tnier, that ill inability of ttugli-huieu
to conveit their American iiivestineiits
into cash Is crippiltig Uivut Urltiaii in
its pi esetit emeigeiicy is ominous) v
significant, l'ossibfy tlio New York
Slock Hchange may lie able to ie
sumo operations without disaster for
the time being but that the tluaiices
not meiely of the United States but of
the world will be subject to a strain
without precedent in history during the
next year or two Is so apparent that it
requires no extended comment. I u a
future article this phase of tho ques
tion will bo dealt with more fully.
President Wilson's Views
That tho situation Is profoundly
serious Is manifested by the recent lit
teiaucos of President Wilson to a group
of Kasteru railroad executives. In lls
letter to Mr. Trumbull of the Chesa
peake & Ohio he said :
"You ask mo to call the attention of
tlio country to the imperative need
that iiiiluny ciedits be sustained and
the utilio.ids helped in uery possible
way. whether by piivate eo-o peiatlve
elloit or by the action wheieever fens
idle nl govei nuu'lltal ugi'dl'les, mill 1
urn glad to do so, because I think tlio
need is ery ical.
" 1'liey sue indispensable to oar whole
economic lite, and railway seeuiities
ate at the very heuit nl most Invest
tin uts, large ' mid small, public mid
private, liv individuals unit by institii-
liO'H
"1 inn confident there will be emu.
est and active co-operation in this
matter, pet haps the one common In
tel est of our whole Industrial life
"Undoubtedly men, both in mid out
of olllclal position, will appicotutc
what Is Involved mid lend their aid
heaitily wheie, ever it is possible for
them to lend It. Hut tlioomiMgoney is
in tact eMiaonlinary and wheio theie
is manifest eoniinon Inteiost wo
might all nt us to speak out in Its lie
half, and I am glnl to join you In call
Ing attention to It. This is a tini" lor
nil to stand together in united cU'oit
to coinpielieud every Inteiest and
i-erveand sustiln It in every legitlmato
w ay "
Railroads Lost Millions
Tho net operating income of tho
rulliorids of tho United Mates for the
year ending Juno So, 1014, was $120,
000,CUO less than for the previous year.
The gross earnings for tlio year were
14,000,(XK) less than for 1013 while
expenses and taxes were 870,000,000
more. Hut heavy as this burden was
before, the great struggle accross the
seas, carrying iu its wake the destruc
tion of untold hundreds of millions of
dollars worth of all kinds of property,
renders the situation a thousand-fold
more serious. It means, in short, that
for a number of years to come Europe
will have no surplus money for invest
ment in the United States or else
where and that American railroads
will have to iluaucu their future needs
at home! How herculean this task
will be, saying nothing about pioteut-
lug theiilselvift against the dumping
of finch.!! sirililili'H, inn) be judged
fioin the fuel Unit the bond ami note
obligations which vvlil matuio between
now at d tho end of next year, and
which the tailroads will huui to meet
in some wnv, amount to mine than
giai.Ooo.Ooo ami this doesn't take a
dollai's worth of new improvements or
betterments Into consideration. These
are obligations which weie Incurred In
the past mid which must be met us
they fall due if the transpoi tatlon
companies aie to be preserved from
wholesale receiverships and niiu.
Manifestly, therefme, American In
vestois. big anil little, will h tve ti
coino to Hie lesciie and before they
will consent to do this American rail
road securities will have to be re
established us it sound, icpected ami
pa) Ing Investment -Mind this, on tlio
liu-ls of piesont rnilroad earnings, Is
impossibli 1
Knr this reason tliu.raili oads of Ne
binsha be iec the impending ci Ists
demands that they lay this whol
piobtein befnie the people of the en.
ti'c slut" Ilia they have a heait-to-InarllHlIt
with the limner, tho hit
c'Vuit, 'In miiuuii c'imit, tlie bankei,
the luboi uiu' mail, mid nil other cltl
ens upon this gi cut ( test ion w hlcli so
vitally niriets the futuiu welfme of
the commonwealth ami tho nation.
Why Railroads Are Helpless
In times of acute linnuelal stittss
pi Utile Indus i les mo in position to
vi i-) Imgch a, just their alViilis to
meet tho eihoiycncv Tney can ad
vance the pi Ice of their coiiimoditie-,
cut their payioll in half, or shut down
al'oKetlier, and thus permit the storm
io blow ocr without act mil shipwieek.
The uillioatls, as quasi public enter
piises, hcwevei, are in an eiitiioiy dif
feii'tit position. Their lutes aieiegu.
latcil by law mid cannot be advanced
without the consent of the people
lliioiigh their law making bodies in
onlei to p ease the convenience of the
public and not to bleak down the com
merce of tne coiiuiii ry they uiiistoper
ale tli It tieik'llt mid pissenHC tl.iilis
whether th) cany a full load or only
a qitur .cr of a load -and in view of
these facts it is tmiultestly unfair ti
pot thu i nilro.nl-. in tin' same class
with piivate mdiistilts in the piesent
crisis and ask I hem to shift for tliem
seles as bust they can. When the
people tooh over the e nuplete malting
unit legulatioi. of laii toad lates th'ey
at the same time assumed the solemn
implied obligation to see that the tail
toads get a sqiiaie deal -for the peo
ple in i' the only power that stands be
tween them mid i uiu.
Willie leve i-veiy Intelligent citi."ii
will agr.-o that aurieultiirc, coiuiueice
and ltnliistiy cannot get along without
the mi bonds. On the other liiiuil, the
i all i oads can not get along without the
p-itri nage and, what is equally essi n
Hal. the unoil will of the people Tnal
some of Ioisk lnihae hi en eutiust
etlUilh l ml i ml m iiiageliii nt ill the
piStuiusoiiiewli.it lespoiisihle I..I the
apparent gu f between the public and
the ttiuispoiiiitioti compauiih is per.
Imps true. Husy mid harrassed by the
heiciltan tush?, cntiulcd to "their
caiC. theie has beuu too little contact
between them and the people. Again,
it is undoubtedly tine that the world
of mill nail llnanee, us well as nth r
lilies of lmlustliill activity litii had its
shaie of im-xoiisabh) abuses hut just
as the public tloes not hold the bank
ing world or the ministry lenpnnsible
as a, whole for thushtnt comings of mi
occasional lilack sheep, so the bund
leds' of honest lailroad nilicials
tliioughout Uiu country should not be
condemned because of I lie misdoids of
the few.
Who Owns the Railroads?
In this connection It may be said
that the re Hi cud wot hi is eiijiimbeied
with a lot uf phantoms which exist
only in tho popular fancy, l-'or In
stance, because tlioie have be'1!! some
half dozen so calltd rallioad magnates
whose names have figured prominently
in Wall Stieet, many people have come
to believe that the lallio'ads of the
Country are largely owned by a few
rich men. As a matter of taut, nothing
could be farther from tho truth. Out
of the colossal sum of twenty billion
dollars Invested in American railroad
securities less than 6 percent is now,
or ever has been, in the haudsof these
men who have tlguied prominently in
the newspaper headlines while the
other !).") per cent is in the hands of
nearly two million Investors, largo and
small, who in many instances haVe put
the modest savines of a lifetime into
these seeuiities in order that they
might lay away a competency tor old
age.
When, therefore, tho value of these
securities Is depressed or pcichauce
destiojcd, tho haidship Is ten-fold
greater upon thousands of every-tlay
citieiis upon tho fi dual mechanic in
ii New England tactory, the widow
with her li to insut.inee tiiuds, mid the
countless other citizens In eveiy nvti
cation and walk of life than upon the
haudliil of millionalies, uood or bail,
who have tlguied piominentlv in iail-
mad elides Thus, for instance, the
gu at Pennsylvania Sjstem has oer
70,1)00 H'ockholtleis, while tho Santa !m
has over I0,0v0. ami the same ratio
holds gootl iu nearly all the other lines.
Many Other Investments Affected
Hut that isn't all. l''or many yea is
lailroad bonds wore coiistdcicd the
H.ttest mid soundest investment in the
count ty, ami hence hiindicds of mil
lions of tho assets of our gieat life in
surance companies, banks, benevolent
associations mid colleges weie Invested
tu tliniii, and tlie moment, theiefoie,
that the soundness of these securities
is allVcted tho financial solidity of
these tnyiiad Institutions Is groatly
menaced at tho same lime,
Canying it a step tuither, it means
that every holder of an old lino lllo
insurance policy and millions of do-poslto.-s
iu saviug and other banks,
and those Interested in many Uduciary,
benevolent mid educational institu
tions are directly concerned In the
present situation, which threatens to
largely destioy tho high regard lu
which an investment in railroad bonds
was held.
In the impending crisis, therefore,
not moroly tho fate of our transporta
tion system is at stake, but along with
it tho very financial integrity of our
entire iuvostmeut world and this only
goes to show how vast and overshadow
ing our railroad industry has beoomo
how they are not merely tho giant
arteries of agriculturo'nnd commerce,
but how cluoely their welfare is woven
into thu woof and fubrlo of tho entire
Nation. Amongother things, it should
ijlii mJfw""
y $5,000
.' l u "
COTE&nSS'
1,000
$4,000
We have sold $1,000 of the
$5,000 worth of Suits and Over
coats since our sale smarted on Novem-
k ber 28th. Are vqu going to let the
f opportunity to save 20, 28 or 33J&
per cent pass you?
Now is tho Time
This is the Place
PAUL STOREY
z The Clothier :-:
SSisM ill ' H'V QKZMRmm OflOHHHIl
8
The Question What To Give
Is Well Answered by Something in the
Furniture Line
We show such a wide range of things at moderate
prices, which, while of practical utility, serve as orna
ments as well, that you could not do better than to
preseut some of these valuable gifts to those of your
friends who would appreciate them.
WE HAVE
Rugs (air-sizes)
Pictures
Mirrors
Rocking Chairs
Davenports
Library Tables
Cedar Chests
Dressers
Buffets
Ladies' Desks
China. Closets
Chiffoniers
Dining Tables
Book Cases
Cabinets
All of Which Make
Useful Presents &
I ROY SATTLEY
fl Licensed Embalmer and Furniture Dealer.
NOW
IS THE TIME
TO THINK OF
YOUR COAL WANTS
'We Handle Mil Kinds
"GOOD SERVICE"
THE MALONE-AVERY CO.
"Talk With Us About Your Wants"
remind us how interdependent wo have
come to be in this mighty republic of
ours that each is in truth becoming
more and more his brother's keeper,
and that wo need to think and uot
eiirefullv lest in our mistaken zeal we
destroy those who, like ourselves, need
whatever of this world's goods the toil
and sweat of years has brought to
them.
That the time has como when the
citizens of Nebraska and the country
generally should do some serious
thinking In connection with this great
and vital question there is not the
sllghcst doubt, ,(iud hence we appeal
to the people to read the forthcoming
articles carefully and thoughtfully
nuil since all the essential facts and
(Inures quoted will be taken from the
public records they will bo easily cap
ablo of verification. Especially do we
hope that farmers whoso market faclll
ties and land values are bo critically
uffected by the railroad problem will
follow the articles closely for Agri
culture and Transportation are easily
tho Nation's two greutcst and most
fundamental industries. (Paid Adv.
To be continued next week).
Our Xmas trees aro in now come
and pick out the one you want.
Weesneh, PEHirVifcCo.
N. R. Illlngsworth and family were
called to their former home In Missouri
Monday by the serious illness of his
father.
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