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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (March 12, 1925)
Securities of St. Paul Tumble. 7 Result of Rumor Heavy Selling Follows Tip That Receiver ^ ill Be Named for Railroad; Pres ident Denies Report. Now York, March 11.—Widespread circulation of unconfirmed rumors that a receivership for the Chicago, Milwaukee A. ,st. Paul railroad had been decided upon as the only solu tion of its financial problems, the most pressing of which is the refund ing of about .«IS,1100,000 in bonds maturing on June 1, brought about heavy selling of the road's securities today and resulted in the common and preferred stocks and some of the bends touching the lowest pricey ever recorded. H. E. Byram, president of tlie road, reiterated tonigiit that "there was nothing new in the situation." All plans are being held in abeyance pending the report of the engineering firm of Coverdale & Colpitts, which Was employed by the road's bankers to make a physical appraisal of the property. This report is expected by offleials of the road in about 10 days, but at the offices of the engineering firm it was stated that it might be a. month before it was ready for presentation. Kuhn, T,oeb & Co., the load's hankers, declined (o make anv statement at this time. Common stock of the St. Paul road s hammered dow n 3% points to arid then rallied to 9% on short covering. The stock sold as high as 16% this year and at 26% last. year. In 1906 it touched a record top of 199%. The preferred stock was de pressed 4 points, to a new low at 16, but recovered to 17% at the close. The high for the preferred this year was 28% and last year 45%. The record high of 218 also was estab lished in 1916. Sales of these two issues approximated 200,000 shares, or more than one-tenth of the day’s total transactions. Even sharper declines took place in the road's bonds. The 4s of 1925 broke 10% points to a record low of 53 on total sales of nearly $2,000,000 face value. The refunding 4%s dropped 5% point* to 47%, also a record low. Extreme declines of 1 to 5% points took place in the other active Issues, closing prices generally showing moderate recovery from the day’s lows. About 10 per cent of the 1,000,000 women engaged as farmers in the United States own or manage their own farms. Girl Who Disobeys Parents Will Not m Obey Husband, Pastor Tells Youths l’ro.-pecti\e Brides Warned Not to Marry Fops and to Mtandon Any Idea of Reforming Sweetheart Addicted to a Vice. "The girl who won't obey her parents In her home will not obey her husband In her new home." So declared Rev. J. P. Fallon In another of his series of Wednesday evening talks on marriage in St. i eceiia cathedral, this talk being on "Whom One Ought to Marry.” "And a husband should obtain ohedienre from his wife,” added Father Fallon. lie opened his talk by emphasis 1 Ing the fact that marriage is for life, and not for a day or so. He then urged those contemplating marriage not to be too greatly in fluenced by exterior appearance; warning that one is apt to get a “counter felt" If this element plays too great a part. "Don't marry a fop." he told the young women in his audience. “And don’t marry an extravagant joung lady," he advised the young men. •'Don't marry anyone addicted to a vice in the hope of reforming him," was another hit of his ad vice, and on the heels of it came his warning that the young hus band couldn't hope for obedience from a wife who had not obeyed her parents. Father Fallon also spoke against marriage between Catholics and non-Catholics, pointing out the fre quently resulting contention, and declaring that the children of such marriages often go through life without any religion. Jt is Father Fallon who has advanced the belief that young people should marry young, and have a good Idea what they want to do about marriage by the age of 19. CREIGHTON WILL HOLD RALLY TODAY Creighton university students will meet in the Creighton gymnasium this morning at 11 for the biggest student rally of the year. An elaborate program of enter tainment bad been arranged with Randall's Royal orchestra and Harry Holbrook, the singing marine, fea turing the musical side of the pro gram, and a number of prominent Omahans to furnish the speeches. Speakers will be John F. McCor mick, S. J., president of Creighton university; W. J. Coad. treasurer of the stadium drive; Guy Furray, president of the alumni association; Chet Wynne, and Arthur Schablnger. Elimination of Crossings Aim of Towns on U. P. Line Grand Island. March 11.—Public meetings are being held In towns along the Union Pacific right-of-way between Chapman and Shelton, a dis tance of over 40 miles. In an effort to eliminate all railroad crossings In this stretch from the Lincoln right of way. Hall county board will he asked to take the necessary action. Paving Petitions Presented Nebraska City City Council Nebraska City. March 11.—More than SO blocks of pavement were In cluded In the petitions presented to the city council Monday night by property owners. AGED ROMEO NOW SUED FOR $50,000 The troubles of Charles R. Otis, wealthy and aged Romeo who some months ago took unto himself a girl wife, have apparently begun all over again. Since his marriage to pearl Smith Otis. 1W, Jt has required several reams of paper to record the litiga tion into which he has been plunged. But recently the girl wife obtained a divorce and a property settlement was agreed upon. Wednesday brought forth a new— and from the Otis standpoint—dts tresslng development, however, when the parents of his former wife brought suit in district court for $50,000, charging that he took their daughter, a minor, to Council Bluffa and married her without their knowl edge or consent. Burwell Students Give Play. Burwell, March 11 —High school Junior rlns3 gave Its annual play at the Becker opera house Monday night. The Juniors give a play annually and raise funds for the Junior senior ban quet which is given to the gradua tion class. Shoots Girl, Kills Self. New Tork, March 11.—William Cor tellura, 25, shot and slightly wounded 11-year-old Kate Patina, with whom he was enamored, and then commit ted suicide by shooting, at her home in Brooklyn. Right Hoad «i * 11 4 . vmy £ Time • passes faster. \ Jy • w^ *.*• *► _ S“ i 4H*> i X. X X #** Mlfe iif « */ t-X *# £ i & ■ v:: «*# «# / ^P ““*'—*’ **» am .*#» »»*• s w* *S» »**♦ m*a» X »*** •*'** •*^n{ i* »-<• ji»» ** «# > i v Coolidge Asked to Put Senator in Cabinet Post Would Solve Difficulty Creat ea by Rejection of W arreu, Delegation Tells Pres ident. (Continued Worn Pa|« One. > would refuse to bend to the Cooltdge will. That the new senate should prove so recalcitrant was a shock to the president. Should the president, after due de liberation, accept the suggestion to name a senator for the post, it is probable that the republican leaders would propose Sheldon P. Spencer of Missouri. Senator George W harton Pepper of Pennsylvania could get the endorse ment of his colleagues for the place, but lie has indicated he would not accept. It is by no means certain that the •senate would quickly and without protest confirm the nomination of Spencer. When the proposal was brought to the attention of demo cratic senators some of them were amazed. They recalled that Spen cer was the chief defender of New berry and he made a minority report on the leasing of the Teapot Home oil reserve, defending the action of Kdwin T). Uenby, former secretary of the navy. They pointed out that the Spencer report was rejected summar ily by the senate. Despite precedents and senatorial courtesies, democratic senators said Spencer “could not jump the hurdles." The fact that Warren could have been confirmed had Vice President Dawes been present to break the tie vote caused the president to make some sharp comments to his friends and advisers, it was learned. Senate leaders also directed some shafts at Dawes for his failure to be present at such a critical time. Norris in I.iinelight. Reports In the senate corridors are that the old guard republicans were out generaled in the fight over War ren by the independents, who sought retaliation for the roughshod meth ods employed In making committee assignments. Senators Borah and .Norris are blamed for upsetting the slate of the old guard. It was through thelr efforts that two votes—McMaster and Norbeck, both of South Dakota— counted by the old guard for Warren, were lined up with the opposition when the roll was called. Within the last few days Borah has led the opposition to the admin istration's program and republican leaders admit he is in a position, If he assumes Live leadership of the in dependents, to control the halance of power in the new senate, and to that extent dictate the legislative program. Ford Dealers Entertained. Nebraska City, Njarch 11.—Nebraska City entertained the Ford dealers of this section of the state yesterday aft ernoon at (he Grand hotel. R. N. Hansen of the Omaha branch was the principal speaker. Submarines, Not Airplanes, Save Vi est Coast From Invading "Enem\r Lnderwater Graft of Defending -Blue Meet Penetrate f.ines of Black “Enemy” in Gigantic Sham Baltic, Part of Pacific Na\al Maneuvers. Kj Anorlated Press. Aboard U, S. S. Seattle at Sea, Off Coast of Bower California, March 11.—Submarines, not air planes, •'saved'’ the United States from invasion last night and today in the greatest naval maneuvers ever stages! In the Pacific. With the American navy, 10f* ships of the line and their auxil iaries divided Into two fleets, one an enemy, attempting to establish a base of operations on the Mexican coast, and the other defending, the great Slype submarines, Uncle Sam's newest and most powerful tinder sea-fighting craft, dived Into their first engagement on the side of the defense and wrecked the In vaders' plans. The 8-boats, tremendous under water craft, 300 feet lung, with a cruising radius of thousands of miles, came from Panama with the Blue scouting fleet and last night sought out the Black enemy racing through the moonlight sea to es tablish a hostile base of operations on the Mexican seaboard. The Black fleet, a backbone of giant dreadnaughts, protecting their supply ships with a fringe ,>f de stroyers guarding its progress, was near its goal. About 0 the alarm was sounded, but too late the sub marines of the Blue defenders al ready had penetrated the Black de stro; er line, and the swift Blue scout cruisers, coming up In the rear of the Black armada, complet ed the rout. Several Black destroyers opened fire on the S-boats, and one of the latter replied with three torpedoes that found their marks In the Black line. Then the destroyers of both clashed if the fight and a buttle royal between destroyers and sub marines followed. While this bat tle was raging the Blue scout cruis ers bore down on the rear of the Black battle line and the invaders were repulsed. Woman Talks on Cartoons. Plainvlew, March 11.—"Cartoons and Cartoonists" was the subject of the address of Mrs. A. A. Kddingfield, at the Plalnvievv Woman's club on Monday. She dealt particularly with the humorous cartoon in newspapers. Most of the ideas of these cartoonist were the fruit of oberved experience, he said, all life was full of humor, hut generally people were too apt to inis» it. because of more serious ln 4 west Clough Accepts St. Joseph (Hler Funner M. E. Smith \ ice President to Manage Manu facturers' Association. * T<. Burton Clough, for more than 25 years connected with M. K. Smith company and vice president of the or ganization at the time of Its bank ruptcy, announced At ednesday ho will become manager of a new c-rganlz tlori lit St. Joseph, composed of all tl ' wholesalers, manufacturing ami job blng interests of St. Joseph, to be known as the Manufacturers' and Job bers’ association. Clough said the salary he Is to re ceive In St. Joseph Is considerably more than that received from tb* bankrupt organization. Many salesmen formerly connected with M. K. Smith company will also Join wholesale dry goods organizations In St. Joseph, according to officials of the defunct company. "It Is with much regret that I am leaving Omaha, where I have lived for nearly a third of a century," de clared Clough. ”1 have had several offers to remain In Omaha, but could not stay here with such an alluring offer as was made at- St. Joseph.” Clough expects to leave for St. Jo seph next week. Ferguson’s Sister Dies. Abilene, Tex , March 11.—Mrs. Marlon Moren, sister of former Go\ • ernor James E. Ferguson of Texts, died at her home in Haskell. THERE’S A LOT TO KNOW ABOUT THE SPRING STYLES FOR MEN 1 AS HART SCHAFFNER & MARX 1 CREATE THEM 1 « 1 w f You’ll want to know, too But we’ll make it brief—just the ffj high spots— Shoulders are wider, coats are shorter and hug the hips Pockets S are lower Trousers are snug at the waist, easy over the hips, Pi wide at the knees, and full over the shoes hf The smart topcoat for spring is the Four Winds with the 11 full shouldered, straight hanging lines and lower pockets; |§ coats that are ready for any smart occasion or any kind of rough weather Pi The new colors are the Gothic Brown, Antwerp Blue, Biscuit, || Oxford Lovat and Beige There are many famous foreign weaves; the Arundel wor^ fS steds, the Cawdor Saxonys, the Dunmorlin tweeds jp| The few dollars more you pay for such quality gives vou III %