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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Jan. 11, 1923)
Federal Land Bank Gives Stockholders an Extra Dividend Split to Bo Paid at Rato of 3 Per Cent a Year on All Stock Issued Since Organization. President T>. V. Hogan of the Fed erated Hand bank of Omaha an nounce# that the board of director# declared an extra or cumulative divi dend January 10. This extra dividend will be paid at the rate of 3 per cent per annum on all atork issued by tlie bank since its organization in 1917, which was in force on January 1, 1923. About $£>00,000 will lie distributed to the borrowers through this extra di vidend. In addition, the hank declared Us regular 10 per cent dividend on the borrowers' stock. This regular divi dend reduces the present interest rate to the borrower to about 5 1-4 per cent and makes a further substantial reduction in the interest rate. The bank also placed J500.000 to the legal reserve account. lhe rederal Land bank of Omaha is a co-operative institution owned by its borrowers, to whom all profits be long. Bach borrower takes i per cent of his loan in stock and none but bor rowers can own stock in the bank. Funds to make loans are obtained by tho sale of farm loan bonds. These bonds sell readily at 4 1-2 per cent. The costwof operation is now not more than one-fourth of 1 per cent per an num. Plenty of funds are now available, according to officials to make loans promptly and at a low rate of inter est. The bank lias demonstrated the value of co-operative enterprises when such enterprises are managed in a constructive and business like man ner. Ah the volume grows, the operating expenses tier dollar of loans is re duced. It is important, officials de clare. that the loan limit be increased at this session of congress to $25,000. This will not only accommodate all classes of worthy borrowers, but it will also enable greater' earnings and the paying of additional extra divi dends and a reduction in interest rates on loans. < hictigo Livestock. Chicago, .Tun 10.—Cstttle—Receipts. 7.000; active; beef steer* amlv butcher she1 stock, largely 25c higher; spots up con siderably more, many desirabl» b* ef helf «ns being 50o higher; top matured steers, 111.65, weight 1,375 pounds; best yearlings. 111.00; bulk beef steers. $8.21# 10.25; few loads western grass.*™. $7.35®7.75; Stock ers an.l feeders source, unevenly higher; oiher classes, firm; bulk runners, $2.90# 3 10; bulk cutters, $3.25#3.65; bulk beef heifers, $6.00# 7.60; bulk Stockers and $10.00# 11.00 to packers, upwatd to $12.00] to outsiders. Hogs—Receipts, 31.000; early market, 10 ®15c lower; closing dull; bulk 215 to 300 pound butchers. $8.36#8.45 early; few $8.30 late; bulk 150 to 200-pound averageH, $8.5008.60; top, $8.65; bulk p&ckiag sows. $7.4007-75; desirable pigs, mostly $8.00# 8 25; holdover liberal. Sheop and Lambs—Receipts. 14.000; fat lambs, steady to strode; top. $15.00 to city butchers and shippers, $14 90 to.packers; bulk desirable fat wooled lambs. $14.50# 14.85; clipped fed lambs, $12.00 012.65; sheep, weak; heavy fat ewes, $5.00#6.50; lighter weights up to $8.25; 125-pound aged wethers, $8.50; feeders demand, broad, prices firm; desirable 65-pound feeding lambs, $14.75. Self-Defense Is Plea of Panama Ax Slayer Atlantic, la,, Jan. 10.—(Special.>-* Self defense will be the plea advanced by John J. Shaeffer, 21, Panama, who la on trial at Ilarlan for killing Matt Herbst, 40, blacksmith of that town, with an nx last summer. The present trial is tlie second one. The Jury in the first trial disagreed. The jury secured yesterday includes eight men and four women, six of the men jurors are farmers, one is an undertaker and one is a real estate dealer. Shaeffer claims that Herbst attacked him and in the melee Herbst had his breast bone split open with the ax Shaeffer was carrying and which he used to pu.4h Herbst away. Nationwide Campaign for Return of Beer Is Planned Cincinnati, O , Jan. 10.—Modification of the Volstead act to permit the manufacture of real beer is the goal of a nation wide drive to get launched following a conference next Sunday between meihbers of the general ex ecutive board of tlie internationl brew ery workers' union, and President Samuel Gompers of the American Fed eration of Labor, it wnsi announced at the end of the first day's session of the board, at the international head quarters here. Board members from all sections of the United States and Canada are in attendance. AU VKHTlSK.MK.Nf, HELP FOR 6IRLS WHO WORK Mr*.LodicTell* How Lydia E. Pinkham’s Vegetable Compound Helped Her Tyrone, Pa.-"A friend told my husband how Lydia E. Pinkham’s Veg ........letable Compound had helped his wife, so my hus band bought me a bottle because I w.as so run-down, had a nervous weakness, no strength in my body and pains in my left side so bad that I could hardly do my work. Be fore I was mar ried I used to work in the factory, and I had pains just the same then as 1 have had since I have done my house work. I would not be without a bottle in the house now. It has stopped the pains all right and I have found out that it is a wonderful body builder, as it has made me well^nd strong. It is going to be the ‘old reliable with me hereafter, and I am always willing to tell other women how it has helped me. You can use this letter as you wish as I can honestly say that my words are srue. Mrs. M. Lome, R.F.D. No. 4, Box 40, Tyrone, Pa. Letters like this bring out the merit of Lydia E. Pinkham’s Vegetable Compound. They tell of the relief from such pains and ailments after taking Lydia E. Pinkham’s Vegetable Compound. Oklahoma Governor’s Feast All Gobbled Up Oklahoma City, Okl,, Jan. 10.—(By A. P.)—The last morsel o£ the tons of barbecued meat, the mountains of bread and the lakes of coffee provided for the inaugural feast of Governor J. C. Walton had disappeared early today. • Under the onslaught of the hungry, numbered by tho tens of thousands, the food gave out late last night. Until late last night crowds stream ed through the barbecue serving units at the state fair grounds. The march of the hungry began yesterday short ly after noon. The barbecue feast was the fulfill ment of a campaign pledge of Gover nor Walton. Cable dispatches have been sent dally to a Paris newspaper nnd several provincial journals by n French correspondent. The Parisians will read lurid accounts of the "sav age” Indians who gathered to feast in honor of the new "white chief” and of the swashbuckling white men who celebrated the occasion by using up quantities of six shooter ammunition. Bandits Raid Broadway Shops (Jel $30,000 in Gems in Hold ups in Two Stores in Fashionable Section. New York, Jan. 10.—Two jewelry shops within a few blocks of each other on upper Broadway were robbed a short time apart last night by ban dits who escaped with over $20,000 worth of diamonds and other gems. Police believe the same quartet of bandits did both Jobs. Motor patrols, each with a squad of detectives, were sent out in all di rections from police headquarters in the hope of apprehending the rob bers. while all precinct chiefs were ordered to join the hunt. Kaeh of the stores looted was in the heart of a fashionable shop section of upper Broadway. The first place robbed was that of Michael Johannides, when four armed men strolled into the place, herded the proprietor and clerks into a back room, bound and gagged them and walked off with, two trays of dia monds and other precious stones worth $25,000. A few minutes later Michael J. Bogun was removing trays of dia monds and other jewels from the dis play window of ids shop, when he felt a pistol shoved into his ribs and a voice commanded him to go into a rear room and "hide himself.” He went. But he peeked into the shop long enough to see four men dump a couple of trays of the jewels into their pockets, saunter outside and drive away in a big car. Too Many Bad Haluts. Bucyrus, Jan. 10.—Claiming that his wife smoked a package of cigarets daily, got drunk regularly, and was a regular visitor at the Crestline po lice station, John T. McGintis applied for a divorce. He also accused her of unfaithfulness. They were married at Crestline, May 10, 1920. No Sale Decree Boosts Business, Store Declares Clothing Establishment Re ports Sales Inerease EiO Per Cent in Month Since Edict Issued. Announcement by the Nebraska Clothing company that no further re ductions on men's, young men's, boys’ and juvenile clothing would be made during December, January and Feb ruary, increased sales of the store 150 epr cent In one month, according to John A. Swanson, president of the company. “This no sale idea has been debated up and down the eoutry for y#ars,” said Mr. Swason. "but it seems to be one thing to believe that an ani mal is dangerous and another to take the offending creature by the horns. Our store, for one. has slopped de bate so far as the men's sections are concerned, by stopping the evil and making clear to the public the whys and wlterefores thereof. •No lengthy discourse of (he retail subject can be engaged In without saying a few words about the cloth ing manufactrers, the mill men and the long line that exists beacuse of the energy of the retailer. When (he manufacturer realizes bis obligations to tlie retailer in the same measure that the retailer is honorbound to the ultimate consumer; just as soon as tlie manufacturer cleans out his own stable by organization or otherwise, makes it possible for the fake cloth ing makers to live, then the way will be cleared to put tlie clothing busi ness on a honorable basis and keep it there. ‘tin Thanksgiving day tlie Nebras ka Clothing company published an advertisement headed ‘No Further Reductions on Men's and Boys' Clothing during December, January and February.’ It struck a respon sive chord, and the multitudes that were waiting for a sale eiinnged their minds. What would have been other wise a dull month for men's clothing turned a complete about face and we enjoyed n 150 per cent increase in our December business in men's suits and overcoats. Must Give 1‘iihlirity. "Of course a store must give as much -publicity to this new way of selling ns it does to a special sale campaign. The dyed-in-the-wool cloth ing bargain hunter cannot be taught the new religion without intensive effort. The store that goes into this must remember that it is staging drama and that its days of burlesque are oxer, but it means the establish ment of a new prestige for,the busi ness that should be conducted upon the most honorable lines that can be devised. "Down to the final analysis, the clothing merchant must sell at a legitimate scale of profit the year round—the lowest possible price, and make it clear to the public that he is doing so.” "The wholesalers would do well to form a better business bureau among themselves, instead of the retailer | being forced to protect himself. And 1 manufacturers should pay less atten I tion to the speculative side of the ' woolen market. The retailer certainly jlias no occasion to juggle the prices i between the acts. He must play square with his trade. I "To get back to the no-sale idea. I no first class store really wants to ' take advantage of the people. Fte j tail history proves that it does not i pay, and retailers want to be honor I able; otherwise they would not be at tracted to this business, with Us mul ! titude of irritations. It's s. thankless existence. History emphasizes that, too. “Today the retailer is at the cross roads. He must either take the straight and narrow patli of rectitude and cut out sales or the wide anil ir- j regular road which offers no solace to j the mob which is traveling it, making fakfe offers that appeal to people who are guided in their buying by their emotions instead of by common sense and intelligent comparison of values. .Market Conditions Change. “There was a time when bona fide sales of men’s and boys’ clothing were a possibility. We have held many such sales. It is a pleasure to dis tribute thousands of dollars worth of good merchandise at very low prices. But market conditions have changed,' and. fortunately, the public Is willing to listen understanding^ and appar ently ready to co-operate with the re tailer; at least, we have found it so in the numbers who have compli mented us on our straightforward ap peal to their common sense. The Titanic memorial marble statue ; by Mrs. Harry Payne Whitney has been purchased by tlie French gov- ' eminent for the Luxembourg mu seum. Wickham Sued for Share in War Contract Profits Three Former Democratic Leaders in Iowa Ask $217, 000 From Council Bluffs Contractor. Edward A. Wickham. Council Bluffs contractor and capitalist, was sued In district court in Council Bluffs yester day by three former democratic party leaders of Iowa for $217,700, which they allege should be their shares of Wickham's profits from war con tracts. The plaintiffs are \V. L. Drennen of Des Moines; W. D. Jamieson of Shenandoah, former national treasurer of tlie democratic central committee, and James J. Doty of Shenandoah. “It’s a complete surprise to me," said Wickham when apprised of the filing of the suit by a reporter of The Omaha Bee. “I didn’t make that much money. “Who are these men, anyway? They're democratic politicians, aren’t they? "I’m not afraid for .my interests if the case ever goes to trial. But I'll be glad to go into court for a showdown.” Cost Plus Basis. The petition states that contracts awarded during the war for canton ments, airplane and balloon fields Photoplay at 12, 2:30, 5, 7:30 and 10 P. M. EMPRESS Big Time Vaude- I ville at 1:40, 4, | 6:40 and 9P.M. I II to 11 CONTINUOUS SHOWS IN ROTATION II to II THREE DAYS — STARTING TODAY GLADYS WALTON and CHARLOTTE PIERCE OMAHA GIRLS A sparkling story of a ro mantic shop girl whose vi- / various disposition led her/ into startling adventures \ and brought her the ln"~ silks and jewels she crave UNIVERSAL 1 PICTURE AROUND THE MAP “A Travelogue of Song and Dance” MILLS & DUNCAN ‘‘Two Wi«e Cracker*” HAfcEL OLIVE A BILLY MACK In “Lobby Love” MUSICAL HUNTERS Offer “A Morning in the Wood*” FOX NEWS SUNSHINE COMEDY "The Haunted Hou»e” PRICES: Matinee .10c to 40c Night.10c to 50c Service What our kind of public service means to you! Vtf E are now operating two of the largest and most modernly equipped ter vv minal elevators in the Omaha market and we offer the services of these elevators to the public at minimum charges. The Chicago-Great Western Railway Elevator located at Omaha, with a capaci ty of 1,500,000 bushels, and the Chicago-Northwestern Railway Elevator lo cated at Council Bluffs, with a capacity of 1,500,000 bushels, are at your service. Elevator Service Charges: Transfer (unloading, elevating and reloading) - lc per bushel Storage of Grain, per day ------- l-30c per bushel Storage of Grain, per month.lc per bushel We are also in position to unsack, clip, scour, smut, clean, mix, separate and condition grain and charges for service will be quoted upon application. Subject to the following conditions: 1. We pay all fire insurance (no charge to ship pers) on all grain handled through or stored in our elevators. 2. Grain shipped to us for storage will be binned with grains of like grade, we guaranteeing this grade at time of sale or reshipment. 3. At times we are in position to special bin dif ferent kinds of grain, that is, preserve the identity of grain stored. However,- in this case the shipper is responsible for the condi tion and shrinkage of the grain while stored. Special arrangements are necessary for special binning. 4. We will make reasonable cash advances at regular rates of interest on grain stored in our elevators. 5. Shippers to pay all weighing and inspection charges. Write Us for Further Details Telephone AT. 6312 Updike Grain Corporation OMAHA were ou a cost plus basis, the con tractor to get 10 per cent for the first $100,000 actual cost, 9 per cent for the second, 8 per cent for the third, and 7 per cent for the re mainder. The plaintiffs allege that by virtue of thdr political affiliations they were able to secure contracts for the Fort Omaha balloon school for Wickham 1 and for an airplane field at Lake ; Charles, I-a., after an alleged oral I agreement with Wickham that lie ’would stand their expenses and divide his profits 50-50 with them. Conlract Cancelled. The Louisiana contract was can celled by the government after Wick ham’s men already had begun work. 1 and when he notified them by wire they secured another contract for him at Memphis, Tenn., tlie petition says. Efforts to obtain the Camp Dodge contract failed, the petition recites. Tlie politicians allege he told them the expenses of the Fort Omaha work was $2,000,000 and his share $140,000, of which they allege $73,000 Is duo them, while at Memphis, they list the expenses at $4,000,000, and Wickham's share at $2&6,000, of which they seek $143,000. Expenses also ore sought in 1 lie suit for Drennen, $700; for Doty, $500; for J. W. Reynolds of Creston. former chairman of the democratic state cen tral committee of Iowa, $500. The plaintiffs allege they b^ve made frequent calls upon Wickham for pay ment of their "share,” but none has been forthcoming. Wickham is a democrat. “Call Me Back, Pal o’ Mine” A Waltz Song whose play-it-again swing and rhythm have perched it high among the year’s BIG HITS. j Buy it—dance to iN— on Columbia New Proc ess Record A-3752 'Save the Last Waltz for Me” is the good mea sure waltz on the other side. At Columbia Deal ers. m 75c BRANDEIS 1AT. DAILY Today I All Beat! 50c. glut lax—No Children Admitted NIGHTS 50c. 75c. 11.00. plus tax For Ever:one Over Sixteen—Seati Now Selling BBBBffl THREE DAYS—JAN. 15-16-17 Matinee Wednesday Seals on Sale. No Phone Orders. Price*—Eve*., $l-$3. Mat., $l-$2.50 When remitting by mail add 10% for war tax and enclose stamped envelope. NEIGHBORHOOD THEATERS VICTORIA .... 24th and Fort BERT LYTELL In “ALIAS LADY FINGERS” GRAND .... 16th and Binney ANITA STEWART In "A QUESTON OF HONOR” Amateur Vaudeille HAMILTON - - 40th and Hamilton ALICE CALHOUN In “LITTLE WILDCAT" Amateur Vaudeville Booked for Four Days BUT Held Over for the balance of this week, Norma Talmadge as “Tess” in “The Secret of the Storm Country” T oday-T omorro w and Saturday Yes! Bargain Moon Prices Evenings, Saturday, Sunday Matmees, 25c Matinees Except Saturday, Sunday, 20c Children, 10c VAUDEVILLE—PHOTOPLAYS Today—Tomorrow Last Two Day> HARRY SEYMOUR ^ and his 4 QUEENS FROM MOVIELAND “DON" The Canine Wonder of the Universe Four Other Act* and Picture Play* SATURDAY A1J New Six-Act Bill with the Cele brated Japanese Mental Marvel KAJ1YAMA • OMAHA'S FUN CENTER” i&rLLH?LTLi MAT* * N,T£ T0DAY PRE-WAR PRICES Broadcasting Clean Fun and Harmony Williams* RADIO GIRLS B°URLESK With BILLY GILBERT (“OH, Churlev!’’» Unquestionably, most qergenusiy gowned ehoru* of all time. Extra Feature: CLEOPA. Clasalc Dancer. Ladles’ Tickets. 13c or 25c: Dally Mat.. 215 Bat Matinee ami Wees Bubble Bubble” (New. N O ■_I HAROLD LLOYD In Hi* Five-Part Masterpiece of Mirth “DR. JACK” Kvery lady attending matinees will iecci*o a photo of Llo> d. Kina for Framing Mow MATINEE DAILY EVERY NIGHT At 2:15 P. M At 8:15 P. M. Now Playing1 Topics of the Day — Aesop's Fables Pathe New* BAILEY & COWAN With Estelle Davis in "The Little Production” I MATINEES I 15c to 50c I Plus U. S. Tax NIGHTS I 15c to $t.00 I Now [ A picture »o true to life it will re mind you of s o m ebody you know. f DOUGLAS FAIRBANKS ROBIN HOOD The Ultimate in Cinema Art Strand, January 21 ^ USE BEE WANT ADS— Swap—and. the World Swaps With You! The following are a few samples ol the character of ads which may appear under the SWAP COLUMN in the “Want” Ad section of The Omaha Bee: SILVER cornet, worth $G0, for a No. 1 shotgun and outfit or rifle. Address- Omaha Bee. ALMOST new set of carpenter’s or cabinet maker’s tools for what have you? Address - Omaha Bee. FINE pony, saddle and bridle: loves children; drives single. What have you? Address Omaha Bee. HAVE new Underwood typewriter to swap for piano or what have you? Address - Omaha Bee. GAS RANGE to exchange for oil cook stove, or what have you? Address - Omaha Bee. 1[ Remember, if you do not close a deal through your advertisement in the SWAP COLUMN you do not. have to pay for your “Want” Ad—NO SWAP, NO PAY! Telephone AT lantic 1000 and get a deal started NOW. 9to OmaJia. Morning THE EVENING DEE