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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 31, 1915)
THE OMAHA SUNDAY V.V.K: .TANTAnV .11, 1913. GRAHAM HASSIEAH ROLLER Trifi to HaTe Real Estate Exchange Endorse. Bills Without Dii ' cussion. ENCOUJrrERS SNAGS ENROUTE Whether the real estate men favor a municipal electric light plant managed by the Metropolitan TVater district In competition with the present lighting company In Omaha will he seen this week. The matter came up at the last meeting of the Real Estate exchange anil was laid over for week. W. T. Oralis m, rhalrman of the legis lative committee, had a copy of the pro posed bill which aeeka to give the Metro politan Water district thla right. He got up and. without reading the bill or giv ing any reasons, asked that the exchange endorse the bill. "Reasons." shouted Harry Tukey. "Reaaona, nothlnV replied Graham. Tvin't we all know enough about this question? The newapapera dlacuas these! things enough, snd we all know what we want In thla matter." Still, aome were akeptlcal and refuaed to swallow the proposition, hook, line and sinker, without having the bill ana lysed. "If for no other reason, we ahould have the light plant as a club over the present company," aald Graham. "If that all, I'm against clubs," salJ Tukey. "AVe might want a club," aald Frank J I. Myers, "but we might want to have something to say about who handles the club." "Yes," Joined In Harry A. Wolf. "We better look out that sny club wo may get don't react en our own beads. Now, whether I am Mr or against this propo sition. I can hardly any at this time; But It seems to me that Mr. Graham has an erroneous Idea of what la the duty of a legislative committee. The duty of such a committee Is to analyse a pro posed bill, come before the exchange and give the points for and against the bill and then make Its recommendations, and not come here without reading or dis cussing the Mil and aek us to swallow something whole." Dimtil Hedges. Graham's tongue was glib In his own defense and then even J. It. Pumont, a member of the legislative committee Jointly with Graham, went back on Gra ham. He said he had Intended to keep out of the discussion, but he felt con strained to explain that In the commit tee he was first and last opposed to the paaaago of such a bill. He said the bill proposed to let the Water board Instalr an elcctrlo light plant and then declare any section of the- city a district forf lighting purposes. "Then they could vote bonds for the plant and, although the plant would serve' but a given district of the city, the whole city would, be bonded for the plant. I am not In favor of swallowing "anything whole because any one man wants It Bo Graham was overruled and the matter was set for argument at the next meeting." , v. Consolidation of the suburbs with Omaha was also laid over for a week. Also this was done largely because Gra ham wanted It opposed by the exchange without discussion. Real Estate Favor Intcrurban Bill In the Legislature The proposed Interurhan bill seeking to make It more Inviting for capital to go Into the Intrmrban business In Nebraska, was endorsed by the Omnlia Real KMate exchange at the last meeting, after con siderable discussion. Pyron Hsstlnga, D. P. Tatterson. J. H. Iumont, and others talked In favor of the bill. Commenting on the popular clamor saalns't corporations, J. H. Dumont aaiV "They knock when sr public service cor poration makes a dollar, but a real es tate man will go out and buy a lot for almost nothing and sell It Immediately for 11,000 profit and call It legitimate busi ness." D. C. Patterson favoring the bill gave It as his positive knowledge that the reason the McKlnley Interests have not yet become active In extensions on the Omaha and Papllllon line, which they bought more than a year ago, la because the laws of the state are so stringent that It la all but Impossible for a corporation of this kind to make more than per cent, while the company must assume all the risk of Investing Its money. C. F. Harrison stood out alone against the bill. "I must voice my sentiments against It," said Harrison. "I can't sit still and let this be approved without uttering my sentiments, for I am against water In- stock." . Firestone Firm to Build Three-Story Building in Omaha The Firestone Tire and Rubber com pany will begin soon the construction of a building, three stories snd basement, on the Paxton Court at Twenty-sixth and Farnam streets. The building will be especially designed to accommodate the large and growing business of the Fire stone Tire and Rubber company. John X,atenser A Rons are the architects. The building Is to be either reinforced concrete or of mill construction. This Is to be decided later, The tire company has Just negotiated a lease on the property from R. J. Kcannell, trustee for the Paxton estate. The lease was made through the Saunders company, J21M Woodmen of the World building. F. C Rudlsell, resident manager of the Flreatone reople, represented his com pany In the transaction, and H. G. Mo Gregory of the efficiency department of the Firestone company Is In Omaha per sonally at present working with the architect on the details. , The building Is to be tf'i by 140. Redmond Says War Is Not Mentioned At All Back East Beginning Monday the Burgess-Nash company will have a head buyer for the ladles' and children's ready-to-wear de partment,, who has the reputation of being one of the best In his line In the rnlted States. Thla Is A. 11. Hoover, who comes from New York to take this position. He hns had much experience In this tine In Ft. Louis, New York and other cities. T. P. Redmond, general manager of the Burgess-Nash stores, has Just returned from New York, where he went to engage Mr. Hoover. "There was lots of snow In New York," said Mr. Redmond, "and there la lots of winter goods being sold yet. Everyone back there looks for business to open up In the spring for a Wg year. War? Oh. they never mentioned It at all back there." Yeiser Branches Out as Expert in Currency Reform . "Automatic Klastlc Currency," Is the title of the first article of a series con tributed by John O. Yelaer, the Omaha attorney, to the current number of Suc cessful Farming, outlining a plan of Ma to reform the money of the country. An editorial note at the top carries this explanation: For twenty years John O. Yeiser has been a profound student of the currency question. He feels confi dent of his subject It will save use less correspondence If those who wish to ask' questions provoked by this ar ticle will wait until we have printed the whole argument. After that he will welcome criticism." Advocate Law to Protect Property The rest estate men want a law pro viding a penalty of front flOO to $1,000 fine of Imprisonment for one year, or both, for the removal and sale of any fences nr fixtures of any bouse against which an unsatisfied mortgage stands, without the consent of the mortgagee. The tenta tive bill was brought to the Real Estate exchange meeting by Frank II. Myers ami the exchange approved It They appointed Myers to see that some dele gate to the legislature Introduce It and work for It The bill also provides that In case of such removal, and sale the lion on such property Is not destroyed by the sale, and that' the court shall decree the sale of the fence, fixtures or other matter removed, to satisfy the mortgage. DEMAND FOR INVESTMENT PROPERTY IN OMAHA Charles F. Tobey of the American Se curity company says "Business In general Is very good. It seems to be opening up with us In great style and we look for one of the biggust years In the history of Omaha. There aeems to-be a great de mand for Investment property, which la not ho easily satisfied as formerly. In vestors are becoming more discriminat ing. "A woman Investor called on me the other day and In the course of the con versation she brought up the subject of prices of real estate. She said she could not understand why, when the market was flooded with property for sale. It ahould still remain so high priced. This seems to be a fact and Is a good booster for real estate as an Investment .tH-tourse itt this time there Is also .Hie usual demand for acreage and build ing lota. The weather, though, for the last week haa been unfavorable to allow ing this class of property. Commissions of the Real Estate Men Are To Be Investigated Commissions for the handling of real eatate are to be Investigated by the Real Estate exchange. "We want to know whether the commission charged Is too high or two low, or Just right," said Byron Hastings, who made the motion for a committee to Investigate this sub ject The exchange adopted the motion gnd appointed a committee without hold ing Hastings to any definite explanation of his reasons fop wanting such an in vestigation. The committee appointed was Slater. Tukey, Bhoalee, McFarland and Myers. Thla committee Is to Investigate and make recommendations to the exchange. In the meantime, since Hastings was not forced to explain what he 'had In view, the publlo will wait patiently to see whether the real estate men are thinking of raising or lowering the rate of com missions charged for their services. Smith of The Bee Is Making Good Over in London The Associated Press service bulletin carries a portrait of Charles 8. Smith, formerly of The Be staff, and now representing The Associated Press In Its London office, where he Is making good, directing the corps that la gather ing The Associated Press war news. Mr, Smith Is remembered hers as a nephew of the lata Z, T. Lindsey, and came to The Bee from A I Ma, la. STILL BIG DEMAND FOR APARTMENT HOUSES Hastings ft Heyrien rind there Is still a big demand for apartment houses and say: "Since we made known that we were to have chargo of two airtment houses the coming year, one located on Twenty-elglith avenue and Dewey, and oue at Twtuly-aeventh avenue and liar ley, we have bad many applications: par ties being willing to pay a deposit at this time In order, to be able to secure an apartment for the coming season. "Tlx-re seems to be a greater demand for apartment houses at thla time of the yuar, than there was a year ego, which ahoas that we have not an over supply of apartment houses In Omaha. There are a certain number of people that have been accustomed to living In apartment houses In other cities who are being transfer led to Omaha and want nothing else but upartmenla. The greatest de mand ems to be for the smaller apart ments hat rent for from a to t-9 per iumth." Plan Erection of Bachelors' Hotel Three stories and basement with fire proof construction, Is the general plan for a bachelors' hotel at the northwest corner of Sixteenth and Pavenport, if negotiations for a lease from the Inde pendent Really company go through. A practical hotel man, whose name Is not yet made publlo. Is figuring on the build ing of such a structure. Good equipment at very moderate prices for worklngmen and others, la the general plan of opera tion. W, 15. Stockbam Is the architect l CREIGHTON MEDICAL MEN HOLD A SESSION The Crelghton Medical seminary held its regular meeting at the Crelghton Uw college Friday evening. Papers were read by Lawrence Morrow and t F. Egen on "Protein Split Products" and "The Superlative Importance of Physi ology In Both the Study and Practice of Medicine," respectively. A large number of the upper class men at the medical college were present together with Dean A. I Muirhead of the medical department The Beat Medietas for Taaghs. The first dose of Dr. King's New Dis covery helps your cough, soothes throat; get a bottle today. 60c. All druggists. Advertisement. "Announcements" ads bring good results. Weller Again Heads Richardson Drug The annual meeting of the stockhold era of the Richardson Drug company was held at the office of the company, Friday, and attended by all of the Omaha stockholders. C. F. Weller. H. a Weller. F. C. Patton, EJ. P. Ellis and J. W, Fisher, were elected directors for the coming year. After the adjournment of the meeting the board of directors selected the fol lowing officers: C. F. Weller, president Und general manger; H. & Weller, vice president and assistant general manager; F. C. Patton, treasurer, and E. P. Ellis, secretary. The Richardson Realty company at their annual meeting, re-elected the fol lowing directors: O. F. Weller, H. 8. Weller, F. C. Patton. EL P. Ellis and J. W. Fisher. The board of directors selected the following officers for ths coming year: C. F. Weller, vice presi dent and chairman of the board of di rectors; H. S. Weller, president: F, C. Patton, treasurer, an I K. P, Ellis, secretary. NIGHT SCHOOL PUPILS TO GIVE MUSICAL PROGRAM A musical program and open house will be given Wednesday evening by the night school attendants at Kellom school. Superintendent E. V. Oraff and Dr. D. 12. Jenkins of the board of edu cation will address the school. There Is now an enrollment of more than W0 at this popular night school, which Is supervised by Miss Cebbella Schaller. There are nine rooms In use and eleven teachers on the staff. ' Reeestlea for Newlywada. ' SEWARD, Neb., Jsn. 90. (Special.) The Seward Commercial club gave a re ception In honor of Mr. and Mrs, Bert Emrlck, who returned from their wed ding trip of a month at San Francisco snd San Diego, Mr. Kmrick Is secretary of the Commercial club. E. J. Davis SAFE nOUER Hfcavy Hauling 1212 Farnam PHONB DOUGLAS 993 HUGH WALLACE HANDLES REALTY FOR FIRST TRUST Hugh Wallace la to take charge of the real estate bundles of the First Trust roiiiiutny. He has returned from an ex tenive traveling (ivr the north. Ho la son of Oeorge O. Wallaea. He I been lrd U to the real eetete business from tils earliest boyhood by his father, who has long been an ai.-tive real eatate (ran In the city. Moving Packing Storage STORAGE CO. CD CD CDS aervlcea will save you sible damage to your goods. TUSE PACKERS ABE EXPERTS If yo are going to loo.t. smkm t. ... crate anj wrap your goods for shipment. Our time, work and relieve you of worry as well as pus. Our Guaranteed Fire-Proof Warehouse Offers, at very reasonable rates, aafe storage for your furniture, plane. rurntsiitnga. I'hone us for prices en separate ruga and other houiwliuld linked rooms Douglas 41 J. OMAHA VAN & STORAGE CO. 806-010 South Sixteenth St Wlh .he tor O malna Real Estate Much of the property placed on the market in re-v cent years was acquired a long time ago as a specu- , lation by men. who realized that the time would come when the natural growth of the city would make their holdings worth fortunes. i f Property under f such ownership develops slowly, however, and in most cases not at all. When these prop- ' erties are offered for sale, they are boughtby a thrifty, ambitious peqple who set about to building homes, beau tifying the grounds and In all ways making the property a credit to themselves and the city, as well as enhancing its market Value ' The Omaha Bee is interested in the man who owns his own home. It is interested in seeing these un4e veloped properties made into comfortable, modern homes for the sort of people who are making Oniaha one of the most desirable cities in the country to live in. i Most of the properties offered no.w are worth every cent the prices asked and in numerous cases much more. There are no "inflated values' and yet these prices rep resent' very satisfactory profits to the owners, and in a few years the buyers will be-ablest figure their own profits at comfortable sums. y - These conditions can be verified by attyetie who takes the trouble. Omaha real estate is a splendid investment for the large or small investor alike It is made especially easy for the homa buyer, who is offered monthly terms well within his reach. v If you are interested, there is a large number of prop erties offered for sale today and we publish the de scriptions in the Real Estate columns of the classified section. When you investigate you will be as enthusi astic as wo are. ' ii 21 1 U tmA v Telephone Tyler 1000 OMAHA. EE Everybody Reads Be3 Wm Ads