Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (July 2, 1924)
- * •• Omdtid VhPio theM?st is at its Best THEY CAN T SEE THE DOUGHNUT. In the tariff plank adopted by the democratic < onvention at New York, among a lot of other ‘hings, is included this statement: "We denounce the republican tariff laws, which *re written in grout part in the aid of monopolies, end thus prevent that reasonable exchange of Commodities which would enable foreign countries to buy our Mirplu* Agricultural products with re sultant benefit to the toilers and producers of America. That sounds good, and would be important if il were true. What the democrats seem unable to bo is to take their eyes off the hole long enough to get. a glimpse of the dougjinut. Their stock argu ment and unceasing appeal is for the producers of Europe and other lands, now shut out of free access to the markets of the United States. ^They know that every article made nbroad and sold here dis places an article of home manufaetufe in the home market. This, however, does not seem to interest them. Nor is their continually repeated assertion that the markets of the world are closed to the surplus of American farms end factories borne nut by the facts. Figures from the records kept by the govern ment disprove the charge that we are ns a nation shut out of foreign trade. • * * In the mhtter of imports the record compares as follows: From October, 1921, to September, 1922, under the Underwood act, $2,887,500,625; from October, 1922, to September. 1923, under the Fortl ney-McCumber act, $3,766,109,906. An increase in imports of more than $800,000,000 under the re publican tariff law that is so soundly berated by the democrats. For the same periods the exports from the United States were: Under the Underwood law, $3,670,353,099; under the Fordnoy-McGumber law, $4,035,190,452. An increase of almost $400,000, 000. The total volume of our foreign trade under the republican protective tariff is $1,200,000,000, of $100,000,000 a month, greater than it was under the democratic free trade tariff, and yet the con vention at New York, ard all the special pleaders of the party everywhere talk about closing the mar kets of the world to American trade. Compared with the prewar period, the exporta-, ton of foodstuffs in 1923 was 6 per rent greater. The record shows: , 1909.MM.Na.nnn 1912 M is.797,win 1910 . "<19.K4S.0Ofl 191.1. .. .'i03.t 11,000 1911 . 3*S, 119.000 192.1 . . S IO.S4I.OOO These figures arc lakrn from the Year Book of the Department of Agriculture end the report of the United States Bure a ft of Foreign Commerce. The democrats will point to the war years, but the comparison is correctly made with the'peaee years, end exposes the fallacy of the charge that American producers are shut out of the world’s rmmerre by 1h" republican tariff policy. * * • As to the interest of the farmer in the pros perity of the manufacturer, Milo D. Campbell, presi dent of the National Milk Producers association, accurately stated the case when h" said: ' When millions of factory employes are idle they wear old clothes and fill their' stotnaelis with rough The big thing tint should liUftest the farmer i* a market where buyers hav ■ enough money to liny him a ftir price for his piortucis and that market is right heir at home. Unless jve have ri protective tariff there will lie no work for tin- fur trt Ira, ri, employment for the workingman, and no market for the farmer.” American farmers will see the doughnut where the democratic politicians see only the hole. Our home trade is worth many time* our foreign trade, end it should he and will be preserved through the coijtinuation of the republican policy of protection. COURTS MOVING ON TEAPOT DOME. A little further light shortly will he shed on the oil scandal, coming from a source that will he re spected as not having any partisan taint or bias. Four indictments have been returned by a special federal grand jury in Washington, charging Albert B. Fall, Harry F. Sinclair and Kdward I,. Doheny with conspirac^ to defraud the federal government in connection with the Teapot Dome leases. In his report to the senate, which still is to he acted upon, Senator Walsh stated that as the mutter Is pending in the courts, he would withhold any recommendations as to legislation. He also set out that he wished to examine Harry F. Sinclair still fur ther, if the court decided that the committee had a right to question the accused, regardless of his con stitutional immunity. The fact that the whole matter of the Teapot Y)ome affair is now in the hands of (lie courts, on three separate actions, assures the people that it will finally he cleared up and determined on its merits. Out at Cheyenne civil suits are pending to aet aeide the leases. In the District of Columbia criminal action is proceeding, and also the suit of tht seriate committee to determine Its power over witnesses. These trials will be conducted with more of rigor and less of sensation'than was the senate committee proceedings, hut will develop the truth. What the people want is to have the farts brought out, and the guilty punished, regardless of Dolitica. If any crime was committed, it was not Mrainst any party, but against the people of the United States as a whole. Questions of authority under the law, whether the executive or the legisla tive branch of the government controls, are also involved and must be settled. Senator Walsh as serts that neither the president nor any cabinet of ficer has a right to proceed in such matters, other than as congress gives him the right. This brings up the interpretation of the oil and mineral land leas ing law, concerning which there is a difference of opinion. More than Teapot Dome is concerned. The out come of the civil suit, at least, will settle a part of the long dispute between the White House and the Capitol as to which runs the executive department of the government. For this reason the affair, un savory as it is from any angle, will be of service. SITTING IN AT LONDON. Ambassador Kellogg will represent the United States at the conference of premiers, called to meet in London on July 16. Questions arising out of the application of the terms of the Dawes commission i report will be considered at this conference. Here is the reply to the assertions made in the N'ew York convention that the United States has abandoned Europe, leaving our friends on the other side of the Atlantic to "stew in their own juice,” as one after another of the orators put the charge. Ramsay Macdonald, England's premier, prepared an invitation to the United States to take part in the conference, and this was accepted by President Cool idge. Mr. Kellogg will be present as the personal representative of the president of the United States. Macdonald has worked hard to bring about n settlement of the open questions between Germany and France, to the end that peace and order in in dustry and international politics may once more prevail. He has practically closed with Herriot the breach opened by Poincare between France and England, and has advised the Germans to accept the Dawes plan as the most certain way out of their difficulties. His invitation to the United States to be represented at the coming London conference would not have heen issued were he not assured of ils acceptance. Thus Ramsay Macdonald is making good on some part of what was expected of him. President Coolidge’s ready acceptance of the in vitation, nith the single reservation that United States interests alone are to be looked after by Mr. Kellogg, is the best possible proof of the continued concern at Washington in affairs abroad. Our demo cratic brethren are just now asserting thnt nobody, not even the United States, knows what the foreign policy of our country reRlly is. Such inquirers might, if they felt sufficient interest, find the for eign policy of the United States laid down in George Washington's “Farewell Address," and in the Mon roe Doctrine. The people of the United States are not yet ready to give over the principles that have so long guided them safely, just to take on some form of expression that has so far brought only trouble. Eschewing European politics as such, we have within the last few years been able to help in many xvays the several nations of the Old World. We can help any or all of them better because we arc tied up to rone. That is the clear, easily understood foreign policy of the United States. Ambassador Kellogg will sit in at London with the confidence and trust of all, because he is not representing the ally of cither party. BUFFALOES WHERE THEY OUGHT TO STAY. Fourth of July marks an epoch in the baseball sen«on. It i«, in a manner of speaking, second base in the pennant race. Once upon a time it determined whether the league would live to play out its sched ule. Many an organization, lusty and ambitious in May, cracked and disappeared about the Fourth of July. Nowadays, the glorious day is a marker for the high honor of champion. The team that leads on July 4 har a fair prospect, of going through at the head of the procession to the end of the season. For many reasons this is trur. By this time all the little troubles and worries of the early season have been surmounted. Pitcher;, have got to a place where they ran he depended upon. Team play has been brought to serviceable stage. Each player has learned what the others are going to do. The team is us near perfection a« it is likely to vet during the seasori. Barring aoeident, then, the team that tops the list on July 4 ought to he there when the last scheduled game is played. Just now Barney Burch's Buffaloes are holding that eminent position. It is theirs by right of con quest. They have fought their way up from the bottom, through every position in the standing tnldc. They have had their winning and Ihpir losing streaks, hut have kept going till the right to lead is theirs. It was not won from Lincoln, hut from Denver. It was not a scratch, but the rightful pos session of the Buffaloes, nnd we congratulate the whole outfit on having battled to the front, and ex press the hope that they stay there. Win or lose, though, thf Buffaloes are showing a commendable knowledge of the great game, and this entitles them to support, whether in first place or last. However much a representative or senator may boast of being the leader of a congressional lifoe, he woufd resent being railed a congressional block head. If General Dawes expects to skin all (tie politi cal demagogues he will have to carry a hatter} of knife sharpener* around witli him, Mr. Bivun says he is willing to compromise op anything hut prohibition. What, weakening on Darwinism ? The name ‘'Davis" should appeal to h very large portion of democracy. Homespun Verse —By Omaha's Own Poet— Kohrrt Worlhinfiton Dnvir __-J THROUGH THE VALLEY OF ADAIR Through the valley of Adnir \V« meandered long Ago: Yoii were young and you were fair, And f shyly told you so. J.iti l« did wo vision thru The delightful yours Ahead, Nor believe that onre Again Through the valley we would trend. Through the valley where we played, Past the havens where we grew, Where nur very souls were rnfide. And our love was Mended true. - Hand In hand.- it almost seems l*lk« the day *o far a was When mv glory was your dreams. And our saddest thoughts were gay. Prerlous one. 1 railed ymj then When my heart bespoke my vow - Two seora years ha\e passed and ten,— Priceless, I rename you now. Mellow memories are those That Old Time has moulded rare, And the sal fan me pathway goes Through tha valley of Adair. Someone’s Liable to Get Hurt Doing That ] v --—-— ["for heavens] [sake DO eE \ I . /-y Letters From Our Readers All letter* must he feigned, hut nnme w ill he withheld upon request, fommunl catioi'M of 2iMI Horils and lews will he given preft rente, v ___ —t Constitution and Church. Omaha.—To the Editor of The Omaha Bee: To the student of psychology tile thought waves that control and determine the (Inal ac tions of large delegated bodies Is very Interesting, but his belief that the human animal Is really an Intelligent being is liable to be jarred. The gen eral conference of the Methodist Kpis copal church that recently adjourned after a month's session Is a striking example. This Is a group of nearly 900 delegates from every state in tb" union arid some 60 odd foreign coun tries. It soared and roared In Its support of the constitution of the United States and in the demand that every part of said constitution be sustained to the uttermost. Very fine' Entirely proper' Just the thing tha* ought to be done' But then what" One part of the constitution of the church is known as th» "Articles ef Religion." This Is a declaration of doctrine and can not be amended. John AVesiev and the other founders of the church placed these funda mental teachings on n rockbnund and everlasting foundation and establish ed that they should nut lie moved it Is perfectly self-evident that this declaration of religious beliefs Is founded upon and In perfect har mony with tlie teaching of the scrip ture® To discard them is to discard the Hilile. For nearly a century and a half they have i»ecn the Inspiring motive of the church. Whenever the church has actually believed and fol lowed nnd practiced them It has been a power unto the salvation of the ■ ouls of men. To give n contrast, fine of the districts of this church known ss an annual conference rem prise* about two thirds of the east ern part of Nebraska, and has some 76,000 members and about 400 preachers. It earn* down to it* last annual meeting with a loss of 84 members, where It should have had a ruin In membership of about 10,000. Forty annual conferences meeting in tlie spring of 1924, a* published In the official organ of the general con ference. shows a loss of 15,000 in membership! Everything was sacrl Peed at this general conferenre in the hope* for more members. Prob ably four years from now the gen eral conference will offer green trad ing stamps to anyone who will .ioin ’ hun h, regardle** of character, life or belief This will throtV some light on the Incident that I am de scribing. Heretofore to join the rhurrh It ha* been necessary to shuscrihe to Its doctrines Not so now! Why? Has the mlnlstrv ceased to believe what they preach* Or can wealthy' people he brought Into the church who are willing to pay' for social pres tige, hut who will not be hound by doctrines or moral restrictions? This seemed to he the Inspiring motive nf this general conference Now a per son can Join the Methodist church without subscribing to Its constitu tion. Fan you imagine any self re spectlng- fraternal society so aliasing Itself? The venerated and established doctrines of the church were tram pled in the dust and In their place ‘■•■t tfp ti e whims and fancies of the Individual. It leaves tlte church floundering like a mighty ship In a choppy sea without a rudder. Hut here Is the grotesque part of this action. The wets are asking that the l*th amendment to the constltu lion be nullified by passing a law thal will permit the sale of Intoxicants. This general conference condemn*d| such action In unsparing Urnui and! • hen turned around snd took the' came action In regard to the constltu-] lion of their own church! The Meth-, diets dodged their own constitution The wets are asking that the const! tution of the t'nited States he dodged. The Methodists beat them to It. S. .1. WOODRUFF. r -N Abe Martin ^* Mrs. Tipton Mini dropped dead in a barber's chair t'day. If therV anything in a name we wonder what Miss Weenie Lap o’ Belle Center, ()., has got cornin’ t’ her. ffopyrlght. 1 #T4 > NET AVERAGE PAID CIRCULATION for May, 1924, of THE OMAHA BEE Dally. 73,980 Sunday.... . 76,373 Dn»« not Include laftit n». left *vfr», aamplr* m paper* epmlrd in printing and im luctr* no »pr« i*| ■ ales or free cirrulalion of any kind. V. A. BRIDGE, Cir. Mgr. ! JliiWarrihaif and prom I" krfena nia I this flth day of June, 1924. W II QUIVF.Y. (Beal) Nnlai y I'uhlle The beautiful White Country of the Ozarks C. A charming * place to spend \ :\ your vacation \ this summer. Go \ C. Complete rest \ it nd recreation. 1 Splendid accommo- l dations hotels.clubs, 1 cottages, camps. I C. It's so near home — so inexpensive to reach and enjoy. Cl For illustrated booklet and detailed travel information call on or write T F. GODFREY Division Pa*amt*r Agent 1 1404 l int NM'I Hants Hld« , {.1 A . tsann 454.1) Omaha, Nfh M m . . 1 The 67th Semi Annual Statement of The Conservative Savings and Loa n Association of Omaha, Nebraska. July 1, 1924. Tin- \ nriaMon holds in TRUST the FUNDS represented by shares ow^nd hy our Saving and Borrowing members, each share having received rredit for its portion of the semi annual dividends of earnings made to day, July 1st. These FUNDS IN TRUST amount to...$20,566,371 3T i A- added security for the savings of all shareholders a RESERVE FUND ha* been accumulated under provision and requirement of the State !law ^ setting aside not less than 5% of the net earnings e^ch year. I his RESERVE FUND, recognized as a constant source of strength and security, la growing at the rate of $50,000.00 rer year and today amounts to . 525,000,04 Afler crediting the dividends to all shares and transferring the amount required to the RESERVE FUND, there Is left a balance of undis tributed earnlnes or UNDIVIDED PROFITS of . 37,165.94 Balance to be disbursed on loans for new construction, purchase of hom(*. p,r. 511,466.24 TOTAL FUNDS . $22,240,024.11 To protect these funds w* have the first-class securities listed as follows: CASH ON HAND, and in Banks.$ 406,106.96 U. S. GOVERMENT BONOS, Treasury notes, and Federal Land Bank Bonds (immediately convertible into cash).. 666.756.50 NEBRASKA MUNICIPAL BONDS AND WARRANTS, (The*e are readily convertible into cash).... 4 46.334 63 Total cash and cash securities.. $ 1,519,202 11 FIRST MORTGAGE LOANS ON IMPROVED CITY AND FARM PROPER. TIES. There is $3,675,750.00 loaned on highly productive farms tn Eastern Nebraska. There is $16,234 665.00 loaned in Omaha on homes occupied principally by owners-and on business properties. T'nder our monthly payment plan, a payment of interest and a portion of the principal, the payments regularly reduce the amount owed br the borrower and proportionately increase the security held for everv loan. Ample fire and tornado insurance is held a* collateral with each loan. Ih e loans are carefully selected and conserrativelT placed. EVERY BORROWER IS AND HAS BEEN SINCE APRIL 1. 1917. PAYING INTERESTS AT THE RATE OF SIX PER CENT. Total Real Estate Mortgages . 19,910.415 90 ACCRUED INTEREST due from Borrowers properly secured.... 25.437 34 LOANS IN PROCESS OF FORECLOSURE .. 17.S46 ' REAL ESTATE AND SALES ON CONTRACT. These rep c*eut various ; properties acquired by the association ami held or sold on contract.... 216 249 9$ STOCK LOANS made to our saving members upon their books as s. i ur : v. 22'671 76 OFFICE BUILDING AND LOT. Present home of the Associat.ou, 1614 Harney Street, threestory oflloe buiidiug. covering entire lot (44x132 feet), while 'alued considerably higher, is carried ou our books at.... SI 000 04 FUTURE HOME OF ASSOCIATION at the 27. W. corner of 15th and Bar naul Streets (132x132 feet). Tilts most valuable corner is a quarter of a city block and has been acquired for the future home of our Asso ciation. This prxiperty has enhanced great 1 y in value since purchase bv us at a poet of .„.. 240.000 0* TOTAL RESOURCES ...$22.240 02413 WE LOAN ON REAL ESTATE !! 6--}, INTEREST NO COMMISSION THIS ASSOCIATION HAS ALWAYS PAID DIVIDENDS TO ITS BORROWERS Officers and Directors. Paul \V Kuhns. Proeldent John K. Donley. Asst. Secretary Edcar A Baird, Vice I'lMidiet Clark \V i’amabj. Tsst Secretary James A. Lyons. Secretary 1** retire K John-on. Mgr. m pt. 3 Herbert McMillan. Treasurer l.ev.er R. Slonecker. Oftice Attorney. Randall K. Brown .1. A Sunderland H V Thompson John V' Black i Charles <’. George K! A. Benson C M Wilhelm J. C Robinson Robert Dempster Hymn R. Halting* A. TV Bowman Office. K14 Harney Street. Omaha. Nebraska South Side Office, Kralky Brother*. 4S05 S. 24th SL 4 I We are a one-verse song singing nation. Most of us know the first verse of •'America.” and the drat veise of Star hP/n gled Banner," but If you hear anybody singing more than/the first veise It is pretty sure to be a young pupil of the public schools. I One of the joys of being something of a newspaper, free lance Is being able to venture criticism of men and parties and things. With this prefatory remark we Insist that what the platform committee at Cleveland needed was a good copy reader who knew how to cut out useless matter and condense the real atuff about 75 per cent. The platform committee that will get Into action in New York in a day or two will need similar services, only mure so. There are surfnee Indications that the coming campaign is going to have some reminders of the i.irnpuign of !''!'<>. and prior campaigns. The old torchlight and flambeau processions are, of course, gone forever, hut we look for a revival of old fashioned stump speaking and the always delightful street owner debates. I/oral Limerick. Ther e was a young lady in Floret.'e ! She viewed her deep tan with abhorrence. To the drug store she ran To get rid of the tan 1 By applying face lotions in torrents. Another episode of a democratic state convention in Omaha is re. .illed by the action of the gathering at New York. It was ' the convention of 1830. when .lames K. Boyd was nominated for governor. Prohibition was the paramount issue, and John I), t’alhoun of Lincoln made a most eloquent and impressive appeal for a straddle. The sentiment was shown when T. J Mahoney of Omaha arose snd got recognition. "Mr. Chairman," j said he, “God hates a coward!” The wild scene that followed ended any hope of the city democrats in that campaign. Some- . body might have quoted ‘‘Tim” Mahoney s utterance at New York, with profit to the democracy. William Jennings Bryan is a gieat grandfather at C4. which he may add to his other records of ai hievement with pride. He is only one of Wilson a cabinet officers who . an say that. The first day of July .will be locally recalled as <be end of the drouth that, had lasted since June 27. If Omaha will only give Harry Hough the high sign, the deed is done. Omaha has the biggest American Legion post in point of nunil>ers. Not a member but Is ready to go out and bring the 1825 convention of the legion here, if Omaha says It wants it. Why not turn 'em loose and let them show St. Paul what a live hunch can do when it gets going? While digging up the more or less recent past somebody brought out the name of Rainmaker Wright. Too bad he can not get a look at the darned thing now. WILL M. MAUPIN. An Optimist. "Weren't you discouraged wrber. , vou learned that your son Tom was j hringlng a wife home from college with him?” asked a neighbor. Well.” replied Brown, "a little, but at the same time I couldn't help but be grateful thitf we're not Mormons, for he'd bring home not less than a dozen if we were. Tom’s no piker and he s a helluva ladies' man.” When in Omaha Hotel Conant 250 Rooms— 250 Baths—Rates $2 to $3