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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Aug. 17, 1923)
The Morning Bee MORNIN G—E V E N I N G—S UNDAY THE BEE PUBLISHING CO.. Puhli.her. MEMBER OK THE ASSOCIATE^PRESS Tin AMoriated 1‘rcss. of vhiib The Bee is a member, la eirlualeelj e'ltllled to the use for rebUblioaUnn of all new* ilispttrbe* credited lo It or ■oil otherwise credited Ui this paper, and also tie local news published 11 rein. All rlalits of republfcatlona of our sievial dispatches are also reverted. BEE TELEPHONES Private Branch Exchange. Ask for the Department at | or Person Wanted, For Night Calls After 10 P. M.t Ldiforial Department. AT lantic 1021 or 1042. IWOO OFFICES eJfcSain Office—17th and Farnnm Co. Bluffs ... ar, Scott St. So. Side, N. W. Cor. 21th and N New York—286 Fifth Avenue Washington - 422 Star Bldg. Chicago - - 1720 Steger BMg. BRING WHEAT UP WHERE BREAD IS. With employment at full title in the cities there is no pressing demand for 6-cent bread. What is needed in the middlewest is a higher price for wheat to the farmer. There is the possibility that if the price of a loaf of bread should be reduced, another break would come in the market price of wheat. The smull gain to city folk from a cheaper loaf would not compensate in any way for the loss sustained by the rural districts, a loss that inevitably would be felt in the cities. The case of wheat resembles that of gasoline to a considerable extent. In the one case crude oil was selling at rock bottom prices while the gasoline made from thii oil was at the peak. In the other, while wheat is selling at a low level, the price of bread remains unchanged. And yet, to bring down the price of bread might be to peg wheat permanently at a low level. The statement of N. B. Updike of The Omaha Bee that the price ' wheat could be increased 50 cents a bushel without affecting the price of bread is not to be questioned. The public has seen wheat much higher and bread selling at the ► ame price as now when wheat is low. The peo ple offlkis country do not wish to see any indus try subjected to unjustified burdens. They cer tainly do not wish to enjoy cheaper bread at the • expense of the farmer, who is already suffering from low prices for his products. Nor have the people any desire to interfere with the legtitmate profits of the baking industry. It is all right to keep the price of bread where it is, but let the price of wheat and flour come up-to meet it. LEADERSHIP IN CONGRESS. Massachusetts politicians are worried over the organization of the house of representatives which convenes in December. What they see, or think they see, is a move among westerji members to replace Speaker Gillette with a western man. William E. Brigham, Washington correspondent of the Boston Transcript, debates the outlook at considerable length, suggesting possible candidates, such as And erson of Minnesota, Longworth of Ohio, Graham and Madden of Illinois, each of whom might fill the job. Just now the old Bay state is holding its full share of the spotlight. The president of the United States, the secretary of war, the speaker of the house of representatives, the floor leader of the senate, chairman of the foreign affairs committee, the chairman of the committee on merchant marine, and a few other places of importance are held by Massachusetts men, and some of the others feel that no harm would come if these responsibilities were scattered a little more widely over the country. No question is raised of the ability of the men, but it is a little out of the usual order to center so much power in a single state. Gillette may or may not be speaker of the next house, but he will be a factor in the organization. The position has been shorn of much of its powers, and really is secondary to that of chairman of the committee on appropriations, held by Madden of Illinois. To advance Madden to the place of presid ing officer will be to open his present job to some one of a number of representatives who would like to sit on the lid for awhile. Longworth was once discussed for the speaker ship, but gave way in favor of Gillette. Graham of Indiana, Anderson of Minnesota, Green of Iowa and several men of the middle west, whose long service qualifies them to preside over the house and steer the course of legislation, will all be considered. It is not a move against Massachusetts, but a step to frame the working machinery of congress on a more liberal basis, and to give other sections of the nation a show at the general work of shaping the laws and the course of the federal administration. OLD, WORLD WEARY AND LONELY. She was old, she was lonesome; her friends had died, her children all were married and gone. The world had no light for her, it seemed, and so, holding fast to her treasures that she could carry, he waded into the deep, muddy river. Fortunately for her and for humanity, a •sturdy little boy was cutting willows on the bank near, and he resolutely followed the old woman and dragged her back to safety. She will now be looked after, and probably will find that some thing worth while is left in life. Yet her tragedy is a common enough one. Old age comes on apace, and suddenly the man or woman, once active and vigorous, full of the little affairs of life comes to a blank wall. Friends have passed on, children have gone about their own business, setting up homes of their own, often far from the old nest where they were nurtured. Especially when the mother is left by herseif does this burden of loneliness fall upon her like a pall. “Sorrow’s crown of sorrow is remembering happier things,” and her days are spent in retrospect, for she has little to occupy her, and less to look forward to while she wearily ends the span of her days. Wait ' ing for the messenger, she loses her balance ami decides to her quietus make. A society to seek out these lonely ones, to give them something to take hold of, to renew their in terest in life, and with pleasant occupation find zest ‘ in carrying on, will have a bigger field than might at first be thought. When the Salvation Army first set up its anti-suicide crusade, the plan was received with smiles, hut it has proven its worth. Most of t those who have set ibout to end their own existence do so for reasons more or less trivial, nearly all of which can be met and removed, sometimes by a little friendly talk, and certainly by a little useful occupa tion. There is no tragedy in human life more poignant than that of the old man or old woman, lonely and • discouraged, eager for the call, and weary of the world, that is too busy to pay any attention to them. Most of us are like the boy in this case. When be had the old woman safe, be went back to cutting willows again. Council Bluffs is pressing Omaha closely on the. number of auto accidents reported. There should be no rivalry on this point. It takes an expensive yawn to dislocate a jnw, but a Los Angeles woman accomplished the feat. Joy ride? Yes, it doesn’t cost so much. HOLD BACK CANADIAN WHEAT. Canadian wheat growers are going actively about the work of protecting their interests by pooling for the holding and marketing of the grain. Aaron Sapiro, the California marketing expert, has been busy in Alberta, Saskatchewan and Manitoba, the great prairie provinces of our neighbor to the north, and has met enthusiastic support on all points. At Saskatoon last week a meeting of 2,000 Saskatche wan farmers endorsed the plan, and similar meetings in Alberta and Manitoba similar action was taken, and as the provincial governments are supporting the general idea, it is probable that co-operative marketing will be tried out on a large scale in Can ada without delay. The Sapiro plan as explained by its promoter, aims chiefly to prevent dumping, and to secure or derly marketing of crops. In a speech at Alberta he put it this way: “First, we will have a pool in Alberta that will be a nonprofit, nonspeculative organization that can not do anything but sell wheat to the best advan tage. It will bo organized on the democratic basis of one man, one vote. We will ask the growers to deliver their wheat to the association and sign a five or six-year contract. If farmers have liens on their grain, we will act as collectors for the banks, agreeing not to pay the producer until his loan Is paid, so that the farmer carf tack mortgages on his crop. The association will grade the product and pool it by these grades. Then it will sell not on the government grades, but on the milling value. “The association will control the flow so as not to glut the market, and there will be no dumping of wheat. It is my opinion that half the wheat of Canada can be handled this year through one office of a centralized selling agency.” American farmers are moving along various lines to the same end, seeking a point where unified action may be had. An orderly system of market ing is one of the ways to the general solution of the farmer’s problem, and this will come only through closer organization among the farmers themselves. Under any circumstances, improvement in Canadian conditions will help on this side of the line. WHEN BAKST PAINTS CATHER. We know of Leon Bakst chiefly as a designer of costumes and scenery for spectacular productions. He will be best recalled in Omaha by his contribu tions to the Ballet Russe, to Pavlowa and Mordkin, to Parley and Oukranski, to Bolme, and others who have danced and gyrated through the mysteries of the Russian school of the choreographic art. For these he produced backgrounds that resemble in a way Nebraska sunsets, such a riot of colors as one used to see on the big door of the old-fashioned wagon shop, where the painter tried his colors before he applied them to the running gear and box of the vehicle he was about to adorn. Bakst is, in this respect, several steps out ahead of the most ad vanced of all futurists. Soon we will know what he is as a portrait painter, for it is announced that he will “do" Willa Gather for the presentation of her portrait to the Omaha public library. What is chiefly to be said in favor of his work is that it preserves a remark able balance, both of proportion and effect. He is the most daring colorist of the age, not merely bizarre or grotesque, but oriental in brilliance, yet thoroughly consistent in conception and execution. None of his many imitators or followers has yet been able to catch the spark that lights his genius, or the touch that gives the harmony to what other wise would be a hopeless messing up of primary tints. Yet Bakst ranks as high as a portrait painter as he does as a scenic artist. It is not merely defer ence to artistic eccentricity, but -a real inspiration that led to his selection to paint the portrait of the woman who has won such a leading place as a writer, and whom Nebraska delights to honor. It is a com bination of names that is rare enough anywhere, and should be appreciated accordingly here. Two and one-half million dollars means about $2 a head for every man, woman and child in Ne braska, and that is what The Omaha Bee saved them as a result of its successful fight to cut the gas price. The democrats disapprove of the choice made by President Coolidge in selecting his private secretary. However, he will do a lot of things that will sur prise them before he finishes his short term. Mexico is all ready to do business on a basis satisfactory to the United .States,' which will clear up a mess that has been growing for the last 10 years. London now has a stadium that will accommo date 126,000 spectators of any sporting event. The isoap boxers will stick to the “lions,” however. The Visiting Nurse association reports 4,000 cases cared for during July, a proof that its service really is needed. If Cal Coolidge wants to have a real good time for once in his life, he will come to Omaha for Ak-Sar-Ben. Henry Ford won handsomely in Collier’s “straw" vote. But straw won’t make motive power for a flivver. France may form a triple alliance, and we would suggest that it take in as partners peace and hard work. Lloyd George thinks he sees light ahead for Eu rope, and all the world will hope he is right. Discord frequently is caused in church choirs by trios failing to sing together. Governor B .an might have intended to, hut somebody beat him to it. Homespun Verse —By Omaha's Own Poet— Hilbert W orthington Davie THOUGHTS. A- one strolls out through the garden. And pauses to gnzo at the sky, And pauses to gaze at the garden— Hr asks of the Father his pardon, And wonders why summer must fl> As ono scrutinizes a flower Deliriously adorning the soil Hr wonders why beauty and power In llfo weren't fashioned a flower, Ami silently questions his God. When sweet adolescence has faded lie looks down the past traveled way O'er paths that enjoyment had shaded, Where needless was turmolUevaded, And wonders why youth iTiuldn’t stay When the Insistent Reaper has spoken. And Mother goes home to her rest. Ami home’s golden bondage Is broken In silence Ills question Is spoken • Did God redly think It was best'’ In 1R74 Omaha was fighting against the lions In the path, one of which was lack of sufficient transportation facilities. Mr. Rosewater was then uk always militant In the Interest of the town he was helping to build, and *'hls sp*ar knew no brother” when It came to standing up for Omaha. On Wednesday, May 13, 1R7 4, he discuss ed the outlook editorially as follows. ■ OMAHA, CHICAGO AND ST. LOUIS.” Chicago jobbers and their corps of itinerant drummers are now and al ways have been profuse in ^heir pro fessions of friendship and good will to ward Omaha. Chicago newspapers, on the other hand, ace now and have been for years, aggressively hostile to Omaha. This hostility has been mark ed, malignant and unjustifiable. Omaha hast done much to deserve fair | treatment at the hand of Chicago, while Chicago lias done very little for which Omaha need tie thankful. When Chicago was in distress, Omaha came promptly to her relief with a generous lilierality far beyond her means. Whenever Omaha has been in need of active sympathy, Chicago very promptly reciprocated by join ing our enemies and giving them sub stantial aid and comfort. This con temptible treatment has been repeated so often that many of our merchants and business men have given Chicago the go-by, by transferring their patronage to her southern rival. "Just now, when the Omaha bridge controversy is re-opened in congress, Chicago again shows the cloven hoof through her newspapers, by venomous and damaging comments. Now, every body conversant with the commercial statistics of Omaha an^i Council Bluffs knows that Omaha receives and dis tributes seven-eights of the merchan dise purchased by the two towns. This Is but natural, when we reflect that Omaha has at least four times the population and 10 times tho capital of Council Bluffs. Omaha is the metropolis of Nebraska, while the vil lage over rhe river occupies a com paratively obscure position among the leading towns and cities of Iowa. If the hospltility of Chicago was simply ! confined to an honest difference of 'opinion about the Union Pacific ter minus. we would let it pass unnoticed. With t^e contracts and guarantees made y the Union Pacific in pood faith in conformity with the original charter in our possession, we could serenely let the Chicago bull dogs bark at our heels. When it is lxirne in mind, however, that the Iowa pool land a'.l other active combinations against Omaha have always found | support in the Chicago press, we deem it advisable to counsel a departure from passive resistance. Although St. Bonis is. by a stupid course on the part of her capitalists, virtually Isolat ed from Omaha, yet even a little in coyenience can and will lie borne by our marcjiants and manufacturers in defense of a principle "With proper efforts our communi cations with St. Louis can Is* mater i illy Improved. It will require but little capital to complete the missing link In the Nebraska trunk railroad, which will give us a connection on this side of the Missouri. We Imagine that can lie accomplished without the intervention of St. Isauls. If the capi talists of that city call be induced to close the broken link on tho St. Louis. ChllUcothe A Omaha lino, we shall he about 100 miles nearer to Pt. Bouis than we now are to Chi cago. Such a consummation is devout ly to be wished for, Isitji by Omaha and St. Louis. MeantlflM, we would urge upon our business men to eman cipate themselves from the Chi cago yoke. Such a course Is absolute ly demanded, not so much ns a matter of retaliation as of self-preservation.’’ Community Chest From the Wifhiia Deacon. The Wichita community chest now has a fuii time executive secretary. Mr. iMorco Atwater, who comes here from Minneapolis, Minn. i)r. Ito.sa Sanderson, who has borne a large part of tho administrative burden, will now' l)o able to devote all of his time to his regular j«»b of executive secretary of the Wichita Council of Churches. During the formative period of the chest. Harry W. Stanley unselfishly gave a lot of his time to the adminis trative work, practically leaving his own business for several weeks. It was due materially to his driving power and enterprise that the project was successfully accomplished. Wichita has now had seven months of the chest, and it has been a suc cessful experiment. There have been no authorized solicitors for various charities con tinually bothering tho business men and the people at private residences. When the solicitors for the chest completed their work the Job wns finished for the yrar. The work has been accomplished efficiently and without duplication. Tho project has fulfilled tho ex pest 1 lions of its promoters. | Daily Prayer hook twit every min on ) * own thing*, hut every nmn siImi rn the thing* nf other- 1,e l i hi* mind tie in you. which we* nl*n in <'lirl*-F J'-nu"; Who h*lng In th»* form of Omt, thought it not tobbeiy to b* • 'Ilia I with til'll —I'hll. 2.4 I. O tiod, we com* to Tlice b«'«uusi Thou art In ThyMc.lf all that w« ik sire to Ixiome in ourselves, We un weak, hut Thou art strong, we mine seek line Thy strength. We are sinful hut Thou art holy, and wv conn* m« « k lug Thy holiness. Wo mo iKncianl l»ut. Thou art w im . ajid wt: conn nrk ing Thy wisdom. UIcsm U8, that we may he in tmr thamrtfn what Thou art. in Thine, jniro and holy. Aid tie, that wo may ho in our hearts what Thou art in Thine, good and righteous. Help us. >riit wo may in our ho what Thou art In Thino, kind and goiieroiiH. All that Thou art, wo pray that thus wo may become, so that we ran think rPhy thoughts after Thro, walk in tin* steps of the One Who went alsuit doing good, and ho live that our wills may ho brought into harmony with Thy divine purpose, and our lives con formed to Thy otortutl righteitiiwne.-'s "V \V lit ’NT a it i *. u i» i 'Iev«lgtu1 i * ‘•THE PEOPLE’S VOICE” Cdltnrlal from randan of Thd Morning Bo*. Raadara of Tha Mornlnp Baa aro Invited to uaa thla column Irani* lor aapraaalaa on mattara a* paablla intoreat. Not a I-oan anil Building Association. Omaha.—To tho Kditor of The Omaha Bee: In The Evening Bee of August 11 the statement is made in connection with its business troubles now being aired in court that the "Home Builders, Inc.,” is an Omaha building and loan concern. The quoted words in the connection used are erroneous and misleading. Tho Homo Builders, Inc., is not now and never was "an Omaha building and loan concern." Homo Builders is a corporation or ganized for private profit under a name and a financial scheme which enabled it to operate Just beyond the reach of the building and loan and tho installment investment laws of the state, and thus escape state ex amination and supervision. The fundamental requirements of tho building and loan laws of Ne braska are mutality of interest of members, equal division of profits and equal liability for losses, payment of share accounts on 30 days' notice, loans on first mortgage real estate security, open books for Inspection by members, 'and examination at least once a year by state examiners. Shareholders in Horne Builders had none of these rights or safeguards. Hence there is no connection between the Home Builders’ financial scheme and the lawfully established business methods of the building, savings and loan associations of Nebraska. THOMAS J. FITZMORRIS, Secretary Nebraska League of Sav ings and Loan Associations. Federal Reserve Hank Analysed. Walthlll, Neb.—To tho Editor of The Omaha Bee: It may be of some Information to the public to read a few lines about tho Federal Reserve system. Two attempts bad been made to es tablish centr.il bonks prior to tho Federal Reserve. The first one began business December 12, 1791, and was called the child of Alexander Hamil ton and when functioning was brand ed as a "money trust." It died March 3, 1*11, when its charter expired. Tho second central hnnk was char tered April 10, 1*16; it was also branded as a "money trust.” Andrew Jackson was its bitter foe and it went out of existence during his adminis tration—unsung, unwept, unhonored. The money masters had not, how ever. changed their mind about a cen tral bank; it was still in their minds to dominate American industry, but that the name, in order to "put it across" they must recliristen the mon ster. and for many years the real authors had weaved its phrases in propagandizing for its passage under the Glass-Owen bill. ’It passed both houses and was signed by President Wilson. Whether the president was deceived or was the deceiver none but himself knows. At this time In 191* tho national hanks were functioning soundly and safely; they used their own money and the money of their associates to nia-k<- capital. 'What did the Federal Reserve Imnks do? The 12 Federal Reserve banks comman dered upon every national bank 6 per cent of their capital and surplus, upon which the Federal Reserve pays 6 per cent; the total thus comman deered amounted to something like *100,000,000. Tho national banks of tic- country over a long term of years had made an average profit of 12 per cent, but lhe Federal Reserve said to the banks: We wjjl pay you 6 per cent and you are to lose 6 per cent. Every national bank in tho 1'nited States is i 'impelled to carry In the Federal Reserve bank the amount of money which the law compels It to carry In its reserve against its de posit liabilities. and that sum amounted on May 10. 1922, to the large sum of *1.900 4*1.000, and for this largo amount of money the Fed eral Reserve does not pay one thin dime or ft red cent worth of Interest. For tho calendar year 1920 the gross earnings of the 12 Federal Re s -rve banks reached the sum of $1*1. 297,339. as against $102,3*01,593 f<,r the calendar year of 1919. The- expenses for the calendar year 1920 were $29,999,307, as against *20,. 341.70S for calendar year 1919, an average expense for the 12 banks of $2,490,000 apiece. in r «*nerni ueserve milk tin oi Feb ruary. 1921, we find on pages 153*154 that 160.7 per cent was made and. of j course, we aro anxious to know where jthis profit goes. I'p to September 30, 11921. the Federal Reserve fellows had spent $36,168,066 on its 12 building j operations. Up to September 30. 1921, the Federal Reservists, including | branch banka, had reserved $39,370, 405 of our money in building opera tions and had them depreciated by tho enormous sum of $7,030,5*2, or about 18 per cent almost immediately. The I New York hank paid $4,797.8*2 for Its ! site, spent up to September 30. 1921. : $758,072 for building operations, or u total of $6,556,954, and almost at onco charged off $1,841,61* for depreciation. Tho question Is: Did they pay too much nr does real estate in New York depreciate that fast? The t*nk at New York is building to house the occupants, costing from $17,000,000 to $20,000,000, with a beautiful audi torium, a gymnasium, two club rooms and a restaurant. This doubtless will gratify the farmers, merchants nnd others who own stock in our national banks whoso money the Federal Re servists have commandeered and con scripted that their savings and earn ings are being used to provide for modern palaces. On January 25. 1922. the salary nnd wages account of the New York tank was $4,988,703; the wages have been increased all the way from 200 to 594 per cent; the 40 officers in NVw York g"t ns much pay as the president sad vice president of the United States, half of the United States senators and governors of 12 states. That is what is called bureau erotic greed expressed mathernatical lv. Tho deflation period, as we all know, came in 1919 and reached its peak In 1920. and in January. 1920, •lie bank in New York City was bor rowing i t the New York Federal Re serve bank $130,000,000 to cater to speculators, money masters, high financiers, not closely connected with producers of wealth: was loaning more to those fellows than either Dallas. Kansas Uity or St. t/Otils was lending to its member hanks In their bug" are i of production. Wo have been told that tlm Federal Reserve system promotes agricultural Inter fata, which, of course, is not true, NET AVERAGE CIRCULATION for July. 1923, of THE OMAHA BEE Daily . Sunday . Does not include return*, loft over*, "ample# or paper* spoiled Ir printing and includes no specie) I salts. B. BREWER. Gen. Mgr. V. A. BRIDGE, Cir. Mgr. Subscribed nnd sworn to before me this 4th dsy nf August, IB2.V W H QUIVEY, (Seal) Notary Public when it is a matter of fact, that four banks in New York City could bor row more money, or $118,000,000 apiece, titan the Federal Reserve banks of St. Douds, Kansas City, Minneapolis, Dallas and Richmond were lending their member latnks in the area of real production of wealth in 21 states. During this time, and particularly in th'e summer and fall of 1920, committees representing farm ers. merchants, hankers, cattlemen from the south and west were beseech ing Governor Harding of the Federal Reserve to be more mild and reason able In their destruction, hut we asked in vain. Coldbloodedly and wantonly loans were called, extensions refused and here is the result: In 1919 farm products were worth $39 an acre, in 1920 $26 an acre, In 1921 $16 an acre. When this Federal Reserve system began to function It was heralded as 'he emancipator of credit, i remem ber that the democrats and repub licans both wanted the credit for its passage, and right here Jet me ask you: Do you want capital comman deered at 6 per cent by the use of which they profit as high as 160 per cent? Another question: Do you want deposits, over $1,800,000,000, con scripted at no per cent and loaned out at 87 per cent? Do you want a federal reserve sys tem managed from Washington by the Federal Reserve board, largely political appointees, subject to con trol, supervision or oversight? In my opinion, the Federal Reserve system has too much financial Inde pendence and should be curbed, hu manised, limited and governed Instead of devouring the substance of its creators, the people, and that, among other big queslions, the next congress has to cope with this one thing should have immediate attention. WAT.TKU HANDQUIST. Want* liread to Follow <ia*. Omaha—To the Editor of The Omaha Bee: While the people are making such a kick on the price of gasoline, we think it time that the bakers should put bread down to a price that the public should pay and we would like The Omaha Bee to in vestigate the cost, for when flour is quoted from Jo.20 to $6.40 per barrel, I think we should not have to pay 10 and 15 cents per loaf when it can be sold for 5 and 10 cents, and if they won’t reduce the price let the house wives who can make their own bread. But there are thousands who cannot and depend upon the bakers for the staff of life. JAMES L. HOMTOIJ, $703 North Thirty sixth. The t ent That Went to Church. A silver dollar and a 1-oent piece once started an argument, which de teriorated, like so many disputes do, into the purely personal. At this stage the big coin thought it would squelch its opponent beyond resuscita tion by declaring: "I am one hundred times as good as you are—one hundred times as good as you are.” But the insignificant cent came back at him with: "The hell you are' 1 go to church every Sunday."—Everybody's Maga - zine for August. Our Busiest Million. Dix Wiley says that less than 1. 000,000 violate the dry laws. They must be the busiest million in the country.—Houston Post. A Book of Today [ "Industrial Democrat y: A Plan for Its Achievement.” by Glenn E. Plumb and William G. Uoylanee, is published by B. W. Huebseh. The program for a democratized In dust rial system proposed in this work is the theory of industrial reorganiza tion, known as the Plumb plan. It was originally worked out by Mr. Plutnb as a solution of the problems of trans portation, which, to his mind, illus trated more concretely and sharply than any other single industry, the principles and relations brought out by modern industrialism. The plan was later amplified by Mr. Plumb to embrace general Industry. Mr. Plumb's development of his con structive program proceeded from his study of industrial history. It as sumes that in any particular Industry there are three factors: the contribu tor of labor, the contributor of capital, and the contributor of market—the consuming public. Whatever may be the employment of an individual in which he is a producer, he is a con sumer as to all other industries, so that all who labor are producers and all are consumers. In a balanced system of Industry production and consumption must be equal. Other wise, both consumption and produc tion are restricted: depression, stagna tion, paralysis ensue and "hard times’’ prevail. To abolish these recurrent periods of idleness, waste and social distress, broken only by periods of frenzied-industry and feverish specula tion "Industrial Democracy.” proposes to institutionalize automatic processes, 10 stabilize industry^ multiply produc :lon and enlarge consumption by standardizing the equilibrium between consumption and production that 1h necessary to a just hnd enlighted so cial order. It proposes a method for distribution of the products of Indus try that automatically awards to ■abor, capital, and the general public the constantly increasing benefits of peace instead of war in industrial rela tions, by apportioning to each the full equivalent of Its contribution to a loint product. In the operation of a ■ abroad, to illustrate briefly, the eon rol of policy is to be lodged in a1 uoard consisting of directors chosen ,n equal numbers by the labor, by the .nvestors, and the public interests. An • greet! base of wages and rates for lervlee Is adopted at the start. Should profits accrue from operation during he year, they are divided Into two •qual funds, one of these goes to abor. and management in equal tarts: the other to Investors and the lublic in equal parts, as the dividend that which is divided) of each. There ?n be no c liuson between any two Abe Martin farmer jane nenuey expects i thrash this week if he kin borrow th’ money. Hot weather is tough on bootleggers. They kin wear straw hats an’ white shoes, but they can't deliver without a nonsag coat. Copyright. 1023. Repairing Neatly Done. Irate Customer—I bought a car of you several weeks ago. and you said if anything went wrong you'd supply the broken parts. Dealer—Tea. Irate Customer—I'd like to get a nose, a shoulder blade and a big toe —Manitoba Free Tress. Has an Advantage. “The spoken word—who can re capture it?" "Onlv a statesman." “Hey?” “He is allowed to withdraw his re marks.' '—Kansas City Journal. >r more of these interests as to divl ilon of profits, he claims, since all ■thers would suffer. —1 HAVE The Omaha Morning Bee or The i Evening Bee mailed to you when on your vacation. Phone AT lantic 1000, : Circulation Department. MILITARY ACADEMY For Boy* LOWER SCHOOL from 9 to 20 year, old Mexico, Mo. ( Member, Association Military Colkfts mrti Schools of U. X) Regular term begin* Thur*<iay, September 13, 1923. Term run* nine month*. Roys in Lower School have every advantage afforded the larger boy*. Mild Military Drill. Big Brother form of government gives just thiwight contact between younger and older boy* and instructor*. Special term to good Musician*. | Early an roll man t I* nec—ary, *i capacity j is annually tasad. Catalofua. Add rasa COL L Y. BURTON, Preadent MS!T’ Su-nnwr Schaal and Caap si Calarada Spriaga. Caiaftda Ugio* itdj 2, 1123, sad mas I vsaks. Electric Washers For Limited Time Only 5 El Down Per LESS THAN qj? 1/0 *,u oj Month $1.25 PER WEEK rrhis splendid copper tub Automatic washer sent to your home for only $5.00 DOWN. Do your next washing without the usual drudgery and—DO IT BETTER AND IN LESS TIME. The Automatic has- Ail Ttal frame aml ,ub rack. Full copper tub with alumi num lid. All metal 4-position swing wringer. If You Cannot Come to the Electric Shop— Phone and Salesman will Call -Nebraska fjji Power €.~