K'f ! of Commerce Finance
. Economic! oi lnHtructor ln
h,, be6.nd Tanking and th. Prln
57o Economics at the University
Learn to
DANCE
m Classy Studio
Luella G. Williams
Jii Reductioni to students.
CU lor !'"'
B4258
1220 D St.
THREE DAYS ONLY
Thurs rri a
Harold Lloyd
GIRLSHY
Hli La.t Bl Suecaa
Alto New. an1 Comdl
SHOWS AT 1. . , .
ALL THIS WEEK
A Story That Vibrate with
Dram, Lauehter and Taara
RICHARD
BART11CLME!
Alto Comedr ni N P
STANLEY'S ORCHESTRA
Mra. Mar M. Mill, Orfanlst
SHOWS AT 1,1,5, 7,
mm
.nns
WEEK
RIALTO
THIS
FROM RAGS TO
SILK GOWNS
FROM THE SIDEWALK
TO A PALACE
DOROTHY
GISH
In
"NELL
GWYN"
A Paramount Pfctur
ADDED
LEOTA COMBES
Vocalist
NEWS COMEDY TOPICS
SHOWS AT 1,3,8, 7.
MATS. 10c-2Sc EVE. lOe-SSe
v a fit v. V1LLE
iTZmi EVTRYBGDY iOs
Th
-Frt Sat
Walter Baker & Co.
Presenting
A conglomeration of Laufhtar and
Mystery
Bert
Ruth
Cody & Day
in
WEDNESDAY NIGHT
"State Room 19
With
McLain Gates & Co.
Dm Harry
Small & Hays
THE UKEIXLE BOYS
The Threi
Worchester European
Novelty Entertainers
Also News ana Comedies
Babich and tha Orchestra
Show at 2:30; TKK)t and :O0
Gigantic
Add
Crl Schaefer
I-rrW T.r
PATHE NEWS AESOP FABLES
Lineal Sympbany Oiche.ti
Wilbur Cbaaowotk, Orfania
THIS
... . 55-
WEEK
SHOWS AT I, t, S, 7. .
MATS. 10c-iic EVE. lOc-SOc
THE DAILY NEBRASKAN-
3
Filley Says Exchange
Rate Causes Depression
(Continued from Page One.)
per man must be unusually efficient.
Some eastern men say that the agri
cultural depression is but temporary
and that if the farmer will Just con
tinue to hope and hang on that the
situation will adjust itself in another
twenty years more or less.
"The' increase in Corn Bolt land
values following the World War has
been suggested by various eastern
men and a few who live in the West
as the principal reason for the agri
cultural depression. It Is a matter of
common knowledge that a large acre
age of land did change hands, and
that in some localities the price paid
was far above the 1914 level. It If
also well known that the land mort
'gage indebtedness in this area is
higher than it was 10 years ago, and
as a result interest payments are
larger. The agricultural depression is
not limited, however, to the men who
I are paying for land bought at the
'peak of prices. Men who have owned
for many years the farms upon
which they live find themselves un
able to maintain pre-war living standards.
"In Nebraska more than two-fifths
of the farms are operated by tenants,
the majority of whom pay a share of
the crop for rent. The terms of share
rental for the most part are the same
today as in pre-war years. Informa
tion obtained from many sources in
dicate that these share tenants are
more prosperous than formerly. The
financial difficulties of the share ten
ant can certainly not be traced to in
flated land values.
"Land owners are interested in the
income received from their invest-
I
Make Your
CHRISTMAS
Selection Now
, Pay in Small Amounts
Boyd Jewelry Co.
CLUB PLAN JEWELERS
1042 "O"
S
Sodas
Lunches
Sundaes
On Twelfth Street
S Doors South of Temple
GRAVES
School Supplies
QRPHEUM
Dl tCTlOH L M o,RwN
ALL THIS WEEK
A Carnival of Fun, Laughter, Dane
and Music
"Take It From Ma" her clothe,
bar her entirely In a bathing
aultt Don't mi.a the diving
Venus of tha Vaniahing Gown
biggest sensation ol th. year!
But that, lust on of th. pleas
urabl. thrills that makes this
Reginald Denny Super Produc
tioa tha gorgeous comedy that
It la and enough entertainment
In one voning to last you for a
month I
f twejvaasAT
lea-nat a nrnirr-"
Other Entertaining Pictures.
ON THE STAGE
The Harlequin
Revue
Presenting Versatile
Sextette n
"DANCE ad MELODY"
BEAVER'S NOVELTY
ORCHESTRA
DeLanut Shews Daily
At 2:30, TrOO, :00 P.
Mat. 35c Nit SOe CML 10
ments in land. Opinions differ as tc
the rate per cent which such invest
ments should return. Many men be
lieve that a good farm is at least
oqual in security to a government
bond and should return about the
same rate of interest. Other men
place the proper return at the cur
rent interest rates paid upon farm
mortgages and others at the rate
charged by banks for short-time
loans.
"There has unquestionably been
considerable speculation in Corn Bolt
farm land. The land speculator is
willing to accept a small annual re
turn when the land is first purchased
if he believes there is reasonable
"round for the hope of a large re
turn at soma future time. Other fac
tors, the combined effect of which
has doubtless lad a greater influence
upon the price of Corn Belt land
than has simulation may be l'sted
as follows:
"1. Productive land is generally
regarded as a safe investment. Safe
investments usually yield a low rate
of return.
"2. A god farm furnishes not
only a safe investment for capital
but furnishes also a home and a job.
"3. A farm affords unexcelled
opportunities for family life. The
possible home influences in the coun
try differ very materially from either
village or city.
"4. Many farmers keep their sav
ings invested in land, because it is
the only form of investment which
they really know.
"5. The land owner can usually
take some part in the management of
his farm. The small investor has nd
part in the management of a large
corporation.
"6. Many men feel a pride in
land ownership.
"7. Land ownership is regarded
as an indication of financial security.
Bankers sometimes retain possession
of farms because of the influence
which such ownership has upon do
positors.
"In pre-war years good farm land
in the western half of the Corn Belt
Wanted
Fifty upper classmen a day, to sit at
Townsend Studio for their Cornhusk
er photographs. The time is short
and those interested in facilitating
the publishing of the 1927 Annual
will greatly assist by attending to
this at once. Adv.
We Receive Daily
direct from the designer the
newest modes in footwear for
the young Miss and the young
man. We invite your inspec
tion and solicit your patronage.
Shoes and hosiery
1132 "O" St.
was capitalized at a point where it
would return about three and one
half per cent upon the Investment.
Good management often secured con
siderably more. It is returning less
today. Should the owners of farm
hnd be satisfied with a valuation be
low pre-war when city real estate and
most other types of property are
well abovo the pre-war level?
"In a very considerablo part of
the Middlewest the advance in the
price of farm property was no great
er than the advance in the price of
city property. The men who own
modern office buildings justify the
increased value of their property.
Building costs have increased and
therefore old buildings are worth
more. Our increased volume of money
in circulation and increased use of
credit -has increased the price level.
Because of the change in the pur
chasing power of the dollar prices
ought to be at least fifty per cent
higher today than in pre-war years.
"The logic of the city real estate
owner seems very satisfactory. The
question at issue therefore may be
stated about as follows: If city prop
erty is higher than in pre-war years
why should not farm property also
be higher in about the same propor
tion.
"The explanation for the continu
ation of the agricultural depression
is very simplo and has but the faint
est of connections with the post-war
land boom. As has already been
stated, the industrial East and the
agricultural Middlewest exchange
their surplus products for things not
produced at home. Everyone is inter
ested in exchange rates in how
large a quantity of other goods his
own particular product will buy.
"The Middlewest must exchange a
part of the annual crop of hogs,
wheat, corn, oats, potatoes, and other
farm products for soap, matches,
shredded wheat, overalls, calico, and
other necessities. It naturally desires
an exchange ratio that will permit
sending a part of the children to col
lege and provide for the purchase
of radios, power washing machines,
automobiles, silk stockings, and var
ious other comforts and luxuries.
"Farm products have been low in
purchasing power since the autumn
of 1920. In the year 1925 they would
purchase only 89 per cent as much
of other kinds of goods as during
the five years preceding the World
War. This was the average for all
farm products in the United States
Many of the products produced in
Nebraska including corn, oats, eggs,
and butterfat had a purchasing pow
er of less than 80 per cent of pre
war years. Indecent months the ex
change ratio has become even less
satisfactory. In September, 1926, the
purchasing power of all farm , pro
ducts thruout the entire United
States was only 81 per cent of pre
war.
"Since the farmers have a decreas
ed purchasing power, some other peo
ple have a greater purchasing power.
It must be the person from whom
the farmers buy their necessities and
comforts. Is it surprising that the in
dustrial East strives so hard to find
an explanation of the agricultural de
pression and fail so signally to find
a logical explanation.
"There has never been a more
simple economic problem. We do not
need to investigate the business man
agement of the farmers, the aurora
borealis or the speculation in farm
land. The real explanation is so plain
as to be self-evident. The Middlewest
is undergoing a period of depression
because tue purchasing power of itr
products is loweredr Increase the pur
chasing power and prosperity will
return.
"Every real farmer in the Middle
west who sells his products and buys
goods knows the real cause for de
pression in the Middlewest. The real
problem is how to improve present
conditions. What is the remedy and
how may it be applied.
MAURICE CLARK, 17
IS AUTHOR OF PLAY
Maurice Clark, '17, of Omaha, is
the author of the play "The Tragic
18" which opened ita premier run in
New York at the Charles Hopkins
theatre recently. Since hia gradua
tion ho has been an actor and theatri
cal director in New York.
Kosmet Klub Play
Tryouts Are Monday
(Continued from Page One.)
general type of the applicant will be
considered. The singing and speaking
parts must be filled by men with good
singing and speaking voice. Other
things that will enter into the selec
tion will be looks, physique, person
ality and ability to be made up well
into the various parts.
Each applicant for a part is to reg
ister at the College Book Store, and
select a time for his tryout It is
mportant that all wishing to try out
register, as definite time assignments
i being made. Early registration
will insure a good assignment for the
tryouts.
100 Per cent
Truthful!
We do not state that or
chestras are 100 per cent
"KING" equipped when
such is not the case,
neither do we ask you to
buy an instrument that
Tom Dick or Harry
uses.
"KING"
BAND INSTRUMENTS are
sold on their merits alone and
they have 'em. TRY ONE and
PROVE IT1
Schaefer & Son
1210 "O"
A HANDY PLACE
to get your mag., candies,
toilet articles, stationery
and school supplies.
Walter Johnson's
Sugar Bowl
B-1319 1552 "O" St.
DANCE TONIGHT
and Saturday night
THE REVELLERS
LINDELL PARTY HOUSE
Chicago Presents
CATO
and his
VAGABONDS
10 pieces and entertainer and singer
Using
$5000 worth of unusual gold instruments
TONITE
AT
HOLLYWOOD
Admission 50c
a
' California Chapel Voluntary
Previous chapels at the University
of California have been compulsory
one hour a week, but a new policy
has been put into effect for this sem
ester. Services are to be held for a
period of fifteen minutes five times
a week. During this time all class
rooms are closed. These assemblies
will be purely voluntary and of a de
votional nature.
The Tulane Hullabaloo is offering
a five dollar prize to the first person
handing in a complete list of mis
spelled words appearing in the ad
vertisements on a certain page , of
the paper.
You Will Need
Gifts some time. Come
in now and pick them out.
A small payment will se
cure them for you.
Diamonds, Watches,
Clocks, Silverware, Pens
and pencils.
Fenton B. Fleming
Jeweler
1143 "O" St.
That Famous LaZare
Permanent Marcel Wave
3-in-l Special 1.40
Haircut -Stag-j-
Marcel
FQQ
a
MARCEL 75c
t i- .- AMMfnra art
Ladle. Children!. Haircutting Two 01 s..uC." .
LESTER HAYES
LaZARE BEAUTE SHOPPE
,,07 O St. "UP niht"
now with our larue staff
HELEN BUSSAKU
Phona B-4690
a
I " ' "
University Players
in
"SEVENTH HEAVEN
TEMPLE THEATRE
Thursday, Fri liy & Saturday
Season Tickets Still Available
Diamonds
"When you purchase one of
our beautiful pieces of diamond
jewelry there is this advantage:
You invest in something that
repays you in price over and
over, in beauty, pride of pos
session, and the admiration it
arouses among those who see
it. Yet .after you have fully
enjoyed all these qualities, you
still have your diamond worth
practically ai much or more in
dollars and cents as it was the
day you bought it."
HALLETT
University Jeweler
Est. 1871 117-119 Sol2
In
i
Stratford & Adler
Clothing
Correct Styles, Quality
Fabrics, Smart Patterns.
Fine Tailoring.
Ready now for your inspection.
Fur Coats $35 up
IMS
Cohn Kinnui Co.
Peterson & Bass
lislss VS
Do Not Miss This
SPECIAL SALE
300 Munsingwear
UNION SUITS
"Imperfects
99
T HIS is an unusual opportunity to buy good, serviceable suits from a well
known maker. The imperfections are very slight and will not interfere with
the- service you will gain from them. They fit well and come in
STOUTS, REGULARS AND TALL STYLES
SIZES 36 to 48
ALL COTTON AND COTTON AND WOOL MIXTURES, MERCER
IZED COTTON AND WOOL AND A FEW WOOL AND SILK MIX
TURES ' REG. 2.00 and 2.50 suits, ON SALE 1.69
REG. 3.50, suite ON SALE 2.25
REG. 4.50 suits, ON SALE. 2.95
REG. 6.00 suits, ON SALE 3.95
REG. 7.50 suits, ON SALE 4.95
MEN'S OUTING PYJAMAS
Of 1921 AMOSKEAG OUTING FLANNEL, well cut and tailored,
finished with silk frogs. All FULL SIZES, SIZES A, B, C, D.
$T95
Specially Priced J
Men's Wear Section First Floor.
to