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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (March 16, 1923)
Farm Credits Act ^Seen as Big Boon 1 to Agriculture Secretary Wallace Explains Measure in Detail—Says Amendments Needed to Perfect It, However. | By GEORGE F. AUTHIER. ' Washington Correspondent The Omaha Ilee. Washington, March 15.—(Special.)— The new'rural credits bill passed by congress meets the approval of Sec retary of Agriculture Wallace. He admits it may not ho all that is wanted, but it furnishes the starting point for this kind of credit and the secretary anticipates that future amendments will whip it into shape. He is more optimistic than Senator Norbeck of South Dakota. w7ho se verely criticises the act. Secretary Wallace gave his view of the measure and explained its ma chinery in detail. He said: “This act is designed to give the farmer the sort of credit he needs to produce efficiently and market in an orderly way the products of the farm. It is an effort by congress to meet a need which has been felt for 60 years. The act may not be perfect, Quite possibly experience will show the need of amendments. Hut it fur nishes the basis for a system of in termediate credit adapted to farm coll ections and farm needs. Also it should bring about a reduction In the inter est which farmers must pay for money i borrowed. "The act is divided into two parts. In the first, It provides government | ngeneies for handling agricultural loans. In the second it authorizes the organization of private ngeneies under government supervision for making loans on live stock security and on ! farm commodities on the way to mar-1 ket. Loans Through Land Banks. , "The government loan activities will : he carried on in connection with the I federal land banks. The country I is divided into twelve districts, and j in each of these districts there is a j Federal Land bank which makes land i mortgage loans, these twelve banks t ,\i>\ ntrisiMisr. MAGICAL BEAUTIF1ER FOP, WOMEN Women everywhere are trying all i kinds of beautiflers, only to tind that | their effects are transitory. The first 1 requisite of beauty is health. With- j out it the steps lag, eyes are luster less, dark circles appear beneath I them, the complexion becomes sallow, I and almost invariably the underlying ! cause is some ailment peculiar to j women. There is a very inexpensive j remedy for this condition in Lydia i K. Pinkham's Vegetable Compound. ! which for nearly fifty years has been i relieving women from some of the 1 worst forms of female ills. Why not , let it restore you to health and beauty ' and the Joys of living? ***** i ADVERTISEMENT. For New Styles and Pretty Arms (Beauty Notes.) Women are fast learning the value of the use of delatone for removing hair or fuzz from face, neck or arms. A paste Is made with some powdered delatone and water and spread on the hairy surface. In 2 or 3 minutes it is rubbed off, the skin washed and every bit of hair 1ms disappeared. No fail ure will result if you are careful to buy genuine delatone and mix fresh ii s wanted. On Face and Arms. Lost Sleep. Cuticura Heals. " When I was about thirteen years | of sge my face and arms broke out with pimples. They were hard, Urge | and red, and festered snd scaled over. 1 was in misery because of the i itching and burning, and my cloth. ing aggravated the breaking out on I my arms. My face was disfigured snd I lost much sleep, j ‘‘I began using Cuticura Soap and , Ointment and they afforded relief in ! a couple of days. I continued using them and in about three weeks was completely healed.” (Signed) Esther Ritter, Bo* 25, Conderay, Wise., Aug. 8, 1922. Improve your skin by daily use of Cuticura Soap,Ointment and Talcum. ■aspl*Iwk Ffmby Mail. Addrvm- "CatlcaraUk •raW>rl«*, Dapt. B. Malays 41, Mui " Hold whnr^Soap 26c. Ointment 25 and Vk Taimm dx Vf^Cnticun Soap ahavea without mug. AnVF.RTIKKMKNT. Nobody Can Tell When You Darken Gray, Faded Hair With Sage Tea. tlrandinother kept her hair beauti fully darkened, glossy and attractive with a brew of Sage Ten and Sulphur. Whenever her hair look on the dull, faded or wtreaked appearance, this simple mixture wnx applied with won derful effect. I!v asking at any drug store for ‘‘Wyeth's Sage .and Sulphur ' •impound, you will get a large bot tle of this ohl-tlme recipe, Improved by the addition of oilier Ingredients, all ready to use, at very little cost. This simple mixture can be depend 'd upon to restore natural color and beauty to the hair. A well known downtown druggist nays everybody uses Wyeth's Sage and Sulphur Compound now because It ppsirkeng so naturally and evenly thnt nobody can te|| it has been applied — it's so easy to use. too. You simply dampen a comb or soft brush and draw It through your hair, taking ono drand at a time lty morning the ■tray hair disappears; after another application or two, It. is restored to JU natural color and looks glossy, port and beautiful. Icing directed by a central federal farm loan bureau in Washington. In connection with each of these land banks there is to be established an intermediate credit bank, located in the same citV with the land bank and under the supervision of the officers and directors of the land bank. •'The government supplies each of these intermediate credit banks with a capital of not to exceed ?5,000,000. These intermediate credit banks are authorized to discount farmers’ notes which have been taken by banks and other financial institutions, and then can carry such notes for a term of ; from six months to three years. The banks may also loan direct to farmers' co-operative associations under con j ditions set forth in the act. "Intermediate credit banks may is sue debentures which will have back of them the furmers’ notes which the banks have taken. The idea is I that these debentures may be sold to I people who wish a safe investment They are exempt from taxation, just as the bonds issued by the federal land banks are exempt. Interest charged by the intermediate credit banks may not exceed by more than 1 per cent the interest paid on the ! debentures Issued, and the farmer ] who borrows must not be charged an interest rate of more than 11-2 per cent above the interest aharged by the intermediate credit bank. Delay Is Expected. “No doubt some time will bo requir ed to get this machinery in smooth working order. It will be just like building up a new business. It should not be very long, however*, until the benefits will be apparent and the farmer will find that he can borrow needed capital for a period up to three years without having to pay an undu ly high interest rate, without having to renew his notes every 90 days or six months, ami without being in dan ger of having to sacrifice his crops or livestock because of a sudden fi nancial flurry. "The second division of the act au thorizes the organization, under a fed eral charter, of national agricultural credit corporations, these to be organ ized by private capital. They will bo under the supervision of the comp troller of the currency, just as are other national banking Institutions.. They must have a capital stock of at least $250,000. They may issue collat eral trust debentures up to 10 times their capital and surplus. Such cor porations will probably be organized In the western states where the live stock industry is important and where cattle loan companies now are in op eration. * "In addition to the provisions of the act designed to furnish tho farm er much-needed 'intermediate credit, certain changes have been made in the law under which the federal land banks operate and in the federal re serve act. Provision for the estab lishment of the socalled permanent organization of the 12 federal land j banks is made by providing that three out of tho seven directors for each bank are to be elected by tho borrowers from the bank and three are to be appointed by the federal farm loan bureau. The seventh di rector, who will be the president of the board, will be chosen from three persons who have received the high est nomination vote for this position by the borrowers or stockholders in the bank. I/Oan Amount Increased. "Heretofore the maximum amount I which might be loaned to any Individ- i uai by the federal land banks has been $10,000. This has been increased to $25,000. Also the purpose for which mortgage loans may be made has been broadened to Include the repay ment of any existing indebtedness. "The federal reserve act is amend ed by broadening the definition of what is called agricultural paper, making It include the grading and processing of agricultural products by co-operative marketing associations. Heretofore the federal reserve banks have not been permitted to discount agricultural paper for a longer period than mx months. This period has been Increased to nine months. "A largo number of state banks ate not now members of the federal reserve system, some of them because their capital is not largo enough to meet the requirements of the law. An amendment to the federal reserve act is carried in this bill designed to encourage small banks to Join the system. A bank which has capital equal only to 60 per cent of the capi tal required of national hanks may now< be admitted. If within a reason able time (he capital will be increased to correspond with Ihe capital re quired ol national banks. "Ijife of (he war finance corpora tion is extended to Ffbruary 29, 1921, the expectation being that by that date the new credit facilities provided for under this agricultural credits act will l>o sufficient to meet the needs. "This agricultural credits act of 1923 is one ot the most important acts passed by the last congress. It marks an earnest effort to provide the farmer with the sort of credit he must have to carry on efficiently. It is not class legislation. The results will be helpful to business In general, because the effect will bn to stabil ize agricultural production and mar keting." Woman Juror Weeps as She Returns Murder Verdict Pittsburgh, March 15.—Two women were members of the Jury which con victed Joseph Valotta of both first and second degree murder yesterday In criminal court. Mrs. Wesley Male, one of the Jurors, wept as she return | <d her personal verdict In the poll of the jury, but the other, Mrs. Isalv lie Griffith, retained her* composure, j Valotta was found guilty of killing Thomas‘Hopkins and Bdwurd Cough, Jibe latter a policeman, here'last Oc [ totisr. “Debts We Owe Future" Topic of Talk to Chib Htart now and build for future gen erations was the advice of I >r. Jo W. (I. Fast, pastor of the First Methodist church, who spoke at the Concord club meeting In Motel Fontcnelle yesterday noon. Ills topic was "Debts We Owe the Future.” Ivl Flit ton presided at the meeting, which followed a luncheon. Sentenced to Prison. Nan Francslco, March 15.—-A sen tence of three years in ths McNeil Island federal penitentiary was Im posed In the United States district court today on Carl Hoff, nfter he had pleaded guilty to a charge of steeling 125 money orders from the1 poslofflce at Kenosha, Wle He was |arrested In (Sacramento Tuesday, Snow Hailed as Giving Millions to State Farmers New Bank Organized Here to Aid Agriculturists l*v Ex tending Credits Ready to Work. Grain experts hailed Wednesday's snow blanket as a boon to agriculture over all Omaha's trade territory. They agreed it cleared the way for a fly ing start to a prosperous farm year. From a million to a million and a half dollars are the profits that have been estimated as resulting from such a snow, but none of the grain experts pretend to be able to give authentic figures and ridiculed attempts to do SO. New Farm Credits Bank Here. Following in the wake of the storm fame an announcement by P. P. Hogan, president of the Federal Land hank, of the forming of a new United States bank ns an aid to formers— the Intermediate Credit bank of Oma ha with a $55,000,000 rating—ready immediately to stretch a helping hand to the farmer. Directors of the Federal Land bank voted Tuesday to apply for a charter and expect to receive it at once. Same officers will serve both banks. The Intermediate Credit will have $5,000,000 capital and authority to is sue debentures of $50,000,000. It will discount paper of country banks and* don] with farmers through rural banks in Iowa, Nebraska, South Da kota and Wyoming. Boon For Spring Plowing. Grain experts said eastern Nebras ka had been well off but were happy because western Nebraska and west ern Kansas wheat belts are bulled un der two to six inches of snow. ‘ It will lay there, melting and soak ing in,” said .1. W. Holmqulst of the Holmqulst Elevator rompany. "It means good crops out around Sydney and Tx>dgepole and Cheyenne, Wyo.. which need moisture, and over all the Omaha trade belt the ground will be just right for spring plowing.” L. P. Roberts of the McCaull Pins more Grain company was equally op timistic. ‘‘That's the dope," he said, Dr. Charles Barnes desires to announce his re turn from the Abrams clinic, where he has per fected his technique in Electronic Diagnosis and Treatment as authorized by Dr. Albert Abrams. The complete equipment for the practice of the Abrams methods has been installed in his offices, 513-522 Securities Bldg., Omaha Appointments can be made by telephone or by mail. 1 "ami It's still snowing out west. I Good.” N. B. Updike of the Updike Grain corporation said vast benefits would bo derived' from the snow but that they could not be reduced now to money terms. Rich May Be Sent Back to Cleveland Bui Authorities Here, How ever, Seek Evidence to Con vict Him of Slayings. If Walter Albert Rich, confessed slayer of C. E. and Robert Slefken, persists in repud atlng his confession to Cleveland and Omaha police, he will simply he sent back to Cleveland, where he has a life sentence waiting for him, County Attorney Henry Beal said yesterday. "What's the uso of the state of Nebraska paying for a trial if he wants to play horse?" observed the county attorney. “We can save money by sending him back to Cleve land." Detective William Ournett has been assigned to work out of the county attorney's office on the case, how ever, and both he and Mr. Beal be lieve that Rieli can be connected with the Slefken slaying by a strong chain of evidence. Judge Given Clean Bill by Nevada Legislature Carson City, Nev., March 15.—By a vote of 18 to 15 the Nevada legislature tonight dismissed proceedings looking to the removal of Judge Clarence J. MeFadden of the ninth judicial dls- j triet. Twenty-five votes were neces sary for removal. Council Switch Likely. Belief j ' Four Councilmen P^xpected to Vote for Butler-Dunn T/ausfer. There are no developments In the city hall which would indicate defeat of Mayor Dahlman’s plan to have Po lice Commissioner H. W. Dunn and Fi nance Commission D. B. Butler ex change departments. The mayor will offer his resolution to the city council thit* morning Commissioners Dunn, Noyes and Hop kins are expected to be with the may or. Commissioners Hummel and Koutsky probably will not support the resolution. Commissioner Butler, although willing to accept the police commissionership, will not state whether he will vote for the may or’s resolution. “I will turn the department over to Mr. Butler in excellent condition,” said Commissioner Dunn, ’’and 1 hope Mr. Butler will keep the department in good condition. “So long as wo have a bunch of professional paid reformers, the man who sits in the police commissioner's chair will have a difficult Job. Take Elmer Thomas, for instance, he is busy only when he is on the payroll of the committee of 5,000.” City Commissioner 0. B. Butler re ceived a congratulatory telegram yes terday from Robert Samardick. fed eral prohibition enforcement officer, who is in Minneapolis. Mr. Samardick wired his belief that Mr. Butler as police commissioner will be successful. He also advised Mr. Butler to "run the crooks out of Omaha.” How’ll You Look After the “SHEDDING” Spring is the “ shedding ” season . . . it’s the time of year when all living things change “clothes” . . . and blossom out in swell new spring suits. How’ll you look after the “shed ding?” .... Come in and just take a squint at the new Spring suits we’ve gathered for our friends and you’ll start your shed ding right away. Men were never offered smarter clothes than we’re showing this minute. Come on, fellows. Take a squint. WILCOX CLOTHES SHOP Th* Horn* of GOODMAN A SUSS Clothr* 17th and Harney Streets Th« Standard o< Comparison Convenient to Care For and to Drive fouri 1 Pm*. RnftlKrr $1195 5 Pm*. Touring US 3 Paaa. Coupe - 1175 5 Paaa. 8edan • 1 39S 5 Paaa. Touring Sedan - - - 1175 Sport Roar later 1035 Sixes 7 Paaa. Roadater $117' 5 Paaa. Touring 1195 5 Paaa. Touring Sedan - 1935 5 Paa*. Sedan - 19gs 4 Paaa. Coupe \m^ 7 Paaa. Tmiring 1435 7 Paaa. Sedan - 3195 Sport Roadater 193S Sport Touring - 1975 Price* f. a. h. hutch Factor U*; government tax to be added. Atk about the fi. M. A. C. Pure ha *e Ptmn. mthich provide* ft* Deferred Payment t. It’s a real pleasure to own a Buick not only because of its dependable per formance, but also because Buick has so many conveniences that simplify its care and operation. A few moments will reveal exactly how every day maintenance of Buick cars is quickly, easily, and cleanly done. The variety of these features and the comfort that they provide for the owner can be fully appreciated only by per sonal inspection of the 1923 models. TFij« nmw gmmnhnm tmnk HA U , • rmnrwqutr kmr, etmmnmr rlmkwmry nf AIM thm f>»/ fm mmmity rmimf imtn fhmcrrnrtk cm mm thr,*mih thf b*t1*mmm*1 of! filler Nn bo4hmr nr* m«N — Is drmtn tSm • rmnk ««m nt*m. Ju •/ tt>rn1h+hmn.1h>«f<4rmtn n*p rmh+pm «<n**r tSm hi jj £ n-w-Ji-sT NEBRASKA BUICK AUTO COMPANY H. i: Sidle, Prnidml Lta Huff, Vice Prr» H. R. Harlay, Branch Mjr. LINCOLN, NEB. OMAHA, NEB. SIOUX CITY, IA. When better tutomobllti are built, Bulck wlll butld them 4.000 Civilians Wilt Bp Given Military Training Approximately 4.000 civilians will be given military training at camps In the Seventh army corps area, ac cording to plans now underway. Three camps will be held, from Au gust 1 to 30. inclusive, at Fort Spell ing, Minn., Fort Leavenworth, Kan., and Fort Des Moines, la. Nebraska applicants have been in structed to apply to the chief of staff of the 89th division. Army building, Omaha. Now, a Quick Quaker Oats Cooka in 3 to S minalea The quickest cooking nets in the world Now your grocer has Quaker Oats in two styles. One the kind you have always known—the other ' is Quick Quaker. Quick Quaker cooks in from 3 to 5 minutes. And it cooks to perfec tion. So it is almost like a ready- 1 cooked dish. No other oat flakes on the market cook anywhere near so quickly. The two styles are identical in quality and flavor. Both are flaked from the finest grains only—just the rich, plump, flavory oats. A bushel of choice oats yields but ten pounds of these delicious flakes. But in Quick Quaker the oats are cut before flaking They are rolled very thin and partly cooked. So the flakes are smaller and thinner—that is all. And those small, thin flakes cook quickly. Ask for Quick Quaker if you want this style. Your grocer has both. But always get Quaker Oats for their delightful flavor. _I FRIDAY Is Bargain Day IN OUR BASEMENT Special Offerings in New Spring Arrivals SPECIAL FOR FRIDAY 500 POTTED IRISH SHAMROCKS Main Floor—South j jlj I I - ” nii in GAS DEPARTMENT Free Offer A De Luxe Set Hoosier Brand Aluminum With Every Range Sold Daring the Next 10 Days 11 Pieces as Illustrated Retail Value $13.50 Every piece of this e e t ie •tamped out cf a aolid ihtet of pur# Aluminum. There are no aeame or joint*— nothing toidered. Spout* of t h e Percolator and Tea Kettle are welded on—you can't brea£ them off. even through rough handling. ! 11 Pieces as Illustrated Retail Value $13.50 Each pi sea la handsomely pat terned with a beautiful, tasting polish and silvery finish that bright ens and beauti fies your kitch en. The Sun ray inside finish enables you ta easily cleans# the utensils. You have our as surance that there have been no price changes since De cember 1st, 1922. The aluminum set is an aosolute GIFT. Not added to the price of the range Every Rarne ha* white enamel splasher, back door panels and trays Roper Eclipse * Reliable Tappan Ranges Forty four Styles and Types of Gas Ranges for Your Selection. A size for every space. Ovens either right or left side. Large ovens cr small ovens. The most useful combination of Aluminum uten sils we could find on the nvarket, and we are giving it FREE with every Range. Every Range he* the black enemol f.nish baked on. Evsry Range he* rust proof oven lin ing*. Large cockmg tops or small cooking tops with wanning closet roll door, with broilers or without. All White enamel. Semi-White enamel. White and Cray enamel. IV hite enamel and nickel frame. White enamel with black enamel frame. All-black Ranges—except door panels. I Every Ring* Ruti Automatic lighter Every Range In ■tailed free. Fuel line if necessary. Tho kitchen is the office of the home. Make it efficient and beautiful. It cannot be with an unsightly and worn-out range Every combination and every style you could desire, on display. When better or more beautiful Gas Ea-nges are made we will sell them. Every Range sold by us is con structed in accordance with the standard specifications of the engi neers of the American Gas Association. Vi 'MI Nywrnl lK*«n «mi K\(rn<t<Ht IV* nirnt* on | Ihp Every Range ie ful nickel trimmed. If you are building or planning a new home, select your range dunng this sale, and we will hold it until your home is ready. Buy It Now! Buy It Now!