TUB BKK: OMAHA. MONDAY. t'KRRUARY 20. 192
llow on American'
Tariff Valuation
Plan Is Forecast
KruUiran, iii ltrwriti"? of
lVr.tinQt Hill, Agrre to
Continue I'm-fiit Vrn
( iple of UaMiiR Unties.
V'liiiitoii, I'VU. I9.-A tow be
Inreit lie li.ue etud MlUtC over
Aimruan 4tniin was f"fcct lo
(lav nl'trr it I'l'Miiit kiun I hit rc
jaililicaii lurnilifri of the artist? fi.
i .tin e comnuVte, in rruriiiurf the
kniutlc'l iTiniitiriil Uiilf bill, had
..klti-cl tnii.iii tly on enntmuintf the
pir.rni principle ol laoiDK dune on
joirik'n tnf kt value,
I luirin tn 1 urdiiry f lite house
way rni'l nirtm cnitiniiitrr, drcUrgil
ili.it if iliU kind of turiii mraiurc
mi ins'ctl by the cnat the houe
would write, k new hill with in
American valuation claitae aul "let
ilie rnat? try aii-iiu." If this should
Imipcn, it was ;tid. tlu re would be
little troM-t of t-itiif bill at this
srinit itiilctf rnngrm remained on
the Job throughout mot of the ton
grtuinnal tlertlon campaign.
Derlarina: that the houe ways and
means rmnmittce had written a bill
on Ihe American valuation plan only
after full aurrcmrnt with all of the
republican nieinbr of the senate
except Senator I.a Follrite. Repre
sentative Finlitey taid Ihe abandon
input of this principle by the trnaie
commit t-c majority was "a thin
the erntlctiu'ii of the ways and meant
cnmmiltce would not have done
without consulting the finance com
mittee." The valuation plan, a framed in
the house bill, wax abandoned some
time ago by majority members of
the aenate committee, who have
been considering two plans, based
kruely on the recommendations of
President I larding in hit annual
message to congress last December.
The executive then said, regarding
American valuation, that there could
not be ignored "the danger of 'such
talustion," making American tariffs
prohibitive. In the light of the
president's position it was suggested
that if the house and the senate dis
agreed on the valuation question the
matter might be referred to the ex
ecutive in an effort to bring about
an agreement before such an im
passe as that suggested by Mr.
Fordney would be brought about.
Theatrical P. A.
Gets Cruel Jolt
University Instructor Shows
Difference Between Eve
ami Eva, Exposing
Omaha Paper.
Lincoln." Feb. 19. (Special Tele
gram.) "Out Ziegfelding Zeigfeld
in the art of show girling."
"Eve to he dressed in the historical
lig leaves."
"Adam will be dressed in a tiger
skin" . : . "f.-
-"Quivering with indignation. Miss
Alice Howc)l, head of the dramatic
art department of the University of
Nebraska, pointed out ' the above
quotations taken from - an Omaha
newspaper account of a coming uni
versity play. he exposed the frail
ties of the reporter's imagination and
misinformation, front the name of the
play to the lurid details of the cos
tuming of the members of the cast.
According to Miss fHowell, the
University players will present
"Adam and Eva," a distinctly mod
ern play which has been a tremend
ous success in the east. Eve, who
gained fame as the temptress in the
Garden of Eden, she sa-s, has no
place in the production.
The "historical fig leaves" which
were described in detail as to quantity
and construction will, when the play
ers give their performance, ' be the
most modern evening gowns and
street clothes, Miss Howell declares.
Should there be any criticism of ab
sonce of clothing it will be necessary
to blame the'modistes of New York
and Tan's.
The tiger skin which will clothe
Adam will be the Sunday best of the
college students and the evening
dress suits of the' social elect of the
university.
Five Kissless Years
Win Divorce for Man
Omaha Uee Jned Wire.
Chicago, Feb. 10. i-ive years
without a kiss was one of the rea
sons for granting a divorce to Wil
liam M. Scudder, clubman and head
of the American Radiator company,
from Mrs. Helen R. Scudder, one
of the heirs to the fortune left by
Frederick R. Swift, both of whom
have been prominent in Chicago so-
"She did not give me a single kiss
from 1910 to 1915," Mr. Scudder
testified. "I know of no reason ex
cept that she disliked me and pre
ferred not to have me come near
. her."
The wedding of Mr. Scudder in
1900 to Miss Helen R. Swift, dauglv
tcr of Frederick R: Swift of New
Bedford. Mas?., was one of the note
wortihy events 'of the social season.
Mr. Scudder was graduated ' from
Harvard in 1899, after serving with
Roosevelt's Rough Riders in the
war with Spain.
Fifteen States Join in
Bluffs Fruit Show Plans
Fifteen states are represented in
the Mid-West Horticultural asso
ciation, which will stage its fourth
annual show in Council Bluffs. No
vember 13 to 18, according to R.
S. Herrick of Des Moines, execu
tive secretary. They are Arkansas,
Colorado. Illinois, Indiana. Iowa,
VitiGie Xfirriio-an Minnesota. Mis
souri, Nebraska, North Dakota, Ohio.
Oklahoma, bouth Dakota ana Wis
consm.
The exposition will be held at the
auditorium in the Bluffs and there
will be displays of many varieties of
fruits, vegetables, flowers, nuts,
honey and home-canned goods.- A
feature of the show will be educa
tional demonstrations..
Indicted Brokers
Sought by Police
New York, !. 19 Thirteen v
bt I'i tirtArrt indicted Ut week b
grand juries iiiveatigsiinr iiixk
frandt and huikruhoii hv left
town.
Despite the fait ilut the Mines of
thik wanted hav not bren publuh
rd or olherwi.e ftfhnallv mad known
detectives who Imc been aa.itfiied
o trace Ihrm have not lern able la
liarrt thrir whereabout.
Dutriit Attorney Juab If. lUnton,
in general iharge f the nvt'ttiiiaiion,
today at!ftird additional detective
i bid in ihe n-anh and Intimated
th.it a general alarm would be tent
out for the nuing mm if they were
not found within a rebuttable time.
He declared that several ncoie com
plaints are still f be presented to the
Itrand Jury, whih will resume iheir
inquiries next week, and pointed out
that no complaint bad hern received
gaint brokers affiliated with either
Ihe New York Stock Exchange or
the curb aMciation.
Suit Filed Against
Alexis DuPont Estate
riuUJrtphU, Feb. 19, Suit wa
filed in the United Stiles di-
BAUME.
BENGUE
J0 (gseffl
At All DruuuU Kmp luh hjmly
THOJ. La t Ml NO ,fCa NtWTOKK
Th Second of th Great
Atlanta Auction Sales
Ofltrl (iMtlll VtlKM la
CLOTHING and EQUIPACE.
TEXTILES, HARDWARE,
Etc.
In Attrulln OiunlMlM
r JL Kill Jlti 1lt J
Nl LMflUl I .
TUB LISTS brio iit l rrrr (Vm1
MM's-r riri of the nrterinfi tn
tfili trotu AlUnlk kwuon Hl at
I'inilltr WarrltmiMr. (H'muiis Mtn-ta fnd.
(irrat qnumiea of tlia ihk1j ara tirir.
T.itrj pm lnterale.1 In thMe cvtnintodl.
tl ahnttld have tha compl't catalnf ut
tha ailo from wmch lit Inform wr
awtathra at Atlanta of tha commnditlea
to buy In.
Send toilaf frtr ttia catalog. Oct Tour
man on tha ground. And. rrmrmhrr
other ailaa follow on March 23rd and
Arrll 13th. Mako ft note now to look
out for atiracilra buya at Uirao aalra.
Soma of tha Offcrlnot Rearaxntatl
of tha 8ala:
CLOTHING
Brwhua. wool, aerrlce, O. D.
(nawi 90.13
Capa. wintar, tnrtri 80.44.1
Tapa. whita. conka. (nfwl..., 9.141
Ovamoata. O. 1. wool, ahort
and lotif 0.4T7
Italnooata. foot, mountrd. at".
Unrlerihlrta, wool. wlntar,
(new) US.
. Jackota. ollikln. Maik. new.. f.S04
EQUIPACE
Ilati. aerrloa, felt, (reclaim-
etll no. in
Mufflen, O. D., wool, (new), 3.U0
Boot, rubber, hip. (new).
valra S.601
Bonta. rubber, knee, (new).
paint 7.190
Leftaina, apiral. wool, (re-
ilalmad). pair 50.103
Mlttrna, Canton flannel (now) .
. jialra I.... -S.KI8
TEXTILES
Hurt, rtr, ;ardi Kf.Mi
Tha abnra In 12 lota romprlling
11 different widtha and weights.
Duck, khaki. Tarda 43.003
The above In 4 lota of differrut
aira and welghia.
Due. O. U.. yarda 17.572
In t lota. 33 Inch 8 1-4 02. and
4 uvh 33 1-3 oa.
Oenaburg (tirom). Tarda 7 350
In 2 lota. 2K Inch S oi., and
30 Inch 9 ost.
HARDWARE
Hand Aiaa (new) 17.fr.
Ror Bladej 71,75S
Koirea .m
Forka (new) 1B7.501
Sooona (otw! lOl.sm
Pick Mattocka (new) 54.4IM
Shorela 33,400
Baa, burlan 36.54:1
HathTjachs (used) 146 Mil
(loaiilea (new) 3.057
Ramembar tha Data
March 2, 1922
SEND FOR CATALOG
Addreag
Surplus Property
Control Officer
Candler Warehouae)
Atlanta, Georgia
ADVERTISEMENT
Danger of Pneumonia
How You Can Avoid It
When you have a cold and neg
lect it you are in great danger 'of
pneumonia.
The pure
food ele
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Father
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energy t o
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and grip
germs.
The gen
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and heals the lining of the breath
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You are eafe when you take Fa
ther John's Medicine because it is
guaranteed free from alcohol or
dangerous drugs in any form. Sixty
five years in use.
SAFE AND SANE
for Coughs & Colds
TMf'ytrup dilftrtac. Croat all eiktrl.
Quick tehrf. KoopUm jit eertrh'a
End Dandruff, Itching
Scalp, Falling Hair
with
2 HIE
FOR SKIN IRRITATIONS
Cuticura Soap
Will Help You
Clear -Your Skin
Soac, OliitejiaBt.Taictnw, 3e. erarrwtiere geauplee
f roa of CaUccra Laaoraaarlae. Baie. X. Halaaa. Maaa.
irict Ctirl attain'! i lha fair of
A!eii Uul'ont, nntbfr iii the Pu
J'ottd i4mi!y oi. ilwingion, (or
JJS,J(J, alleged inrome I4ta tn
tock dividend! valncj at $nrjJ864il
dialribmed tf the K. I. Hul'ont r1?
Nimnriri Vowdrr ronipanv in X'HS,
Tli rar? i;rtm nut c( uit in the
iVdcul vourt in L);lr a rrraiu
ihe iolla itir ni inirnul rrvrnu trom
rniorcing ayrnriit ( Um (itlow.
i tr at I a a ill l'i I'lUfJ Mtf
sui'renie rourt qticaiuiniiiK tht Ug-
iiy of aattiamrnu on tir; dividrnd.
A lir.ring lia. brffi tirJ far alartli ! i''!''' : tUrll II. tuli.
J in the injunction mr. ipmd If the Warrrn H.h niniuiiy
" 1 1 1 it i!m tiv, lu U'undmJ "
FM.ing Stnail YomuU n ; j w M r.' ' rf";
' a . u nh aliM i,i.,ril,l l..&a m Ihar
lapfain and r'tl i ti eirtv ui iui
ntfii. all ( iViiaaruU. it Ifini4
TS'iii Mfll HrlifVftl l.o.t
rrnaai'ota. I'll. Ftb. I1 Th
tllglt ln"Ujll witt-lral tnratag
rrtfn'4 fi'in iht liiiitah taaVrr
At'i
Th popf'j Hily luuii' o( laritrm
U .V.tkiO. n. thr ait tJrait mil
h afrrrtarira.
aMgECT Iwlll I fSBBSSSSSSSSSSSSSSS
"OMVARD OK AH A"
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L a-a-v,w a n
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mmm Emm
i i PaRrrr i a mrt'm jtljki
I C.yi.T- ;1 '.-3 . . XrVl
V l
P 4 -4Lc7r-'J 1 1 WRECKED CARS
yh&j&dt REBUILT
ad Say It Will, OURS j B . w ,
. Fender, Top, Body Work
HeS8ri?f?c pairing of All Kinds
FLORISTS MICHT AND DAY
HIS Farnam St.. Paitoa HoUl,
rnon. doAu. ,501 Western Motor
Varr.lM.ra rtorl.fa' Tali-ar.ph Pllrrr CflF tJOITIDanV
,hM,.,,.k,,, i in. V. 8, F.rn.m ,t BUJ. HA.y 086
mil" Reliable Service
llTHliPl'DluO'ii rMlTiT' 1 A apKi.ltr en Auto Topa. Wlntar
- VVr t 7 (TtT CurUlrti and tallnrrd 6t Cover..
rJlaEniiSB Wsc Engdahl' Auto Top Co.
af.pfj JTjIlhTff OoutU B6TT I7IS Chi tt.
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II Jt a JONCS ST.
OMAHA
-Merchandise
' "T I - aaWaW I - fcX . I
j aw - -vr-
Storage and Distribution
Space Uaieol for long or abort termi Ratca quoted upon request
"motor"
TRUCKS
laMaaanaaaW
City Sale Room 816 S. 24th St.
Service Station 815 S. 25th St.'
TELEPHONE AT LANTIC 3332
International
Harvester Company
of America
Branch Hou.e 714 S. 10th St
Omaha, Neb.
17 M. F. DOESSIG
OMAHA'S RELIABLE AUTOMOBILE
PAINTER
CAD1LI-AC BUILDING
2570 Farnam St. Harney 1448
Ford Transfer
and
Storage Co.
813 Douglas St. . 924 S. Main
Omaha Council Bluffs
Prompt Service
Reasonable Rates
CADILLAC
A Permanent
Value
"Always) Onward"
J. He Hansen
Cadillac Co.
Omaha
Lincoln
3
(03(3091103
ill
IK)
rrrmmt'if n
Bring or Send Your
Dress Goods to Us for
Pleating Buttons - Hemstitching
Embroidering - Braiding
Beading Button Holes
Idea! Button & Pleating
Company
300-308 Brown Bldg., 16th and Dou(la.
Opposite Brandaia Store
Phon. Douf. 1936 Omaha
Omaha Lace Laundry
EXCLUSIVE CLEANERS
Curtains, Panels, Cretonnes,
Lace and Austrian Shades
4716 Cuming St.
Tel. Walnut 1351
TRY US FOR
French Pastry Fancy Cakes
. KUENNE'S
Bakery, Delicatessen and .
Lunch Room
504 South 16th St.
2916 Leavenworth St.
900 separata fireproof, mouse
proof, dustless rooms for
furniture. .rt
Come and See for Yourself
Motor Vans for Removals
Bekins Omaha
Van and Storage
806 S. 16th St. Douglas 4163
Calendar Pads, Diaries,
Letter Files, Transfer Cases,
Blank Books,
Loose Leaf Books and Binders
Omaha Stationery Co.
- 307-309 South 17th Street
Paxton-Mitchell Co.
17th and Martha Sts.
Harney 1662
Manufacturers of
Brass, Brans, and Aluminum Castings
Standard Size Caet Iran Bushings
in Stock
The Omaha Bee
print the NEWS of the en
tire torId when it is NEWS.
Buying Municipal
Bonds
This it a timtt for profitable) Investment hy ruiUnt
inventors. The followinir article from the New York
Evening I'oat dincumtes in expert faxhlon the present nltii
ation and trend in the Investment market.
Municipal bonds are selling: on a basis cloaely ap
proximating; that of United States government issues
primarily on account of the excellent security which
they offer, and only in a smaller sense on account of
their tax exemption feature. 3pecial emphasis is laid
on this point by II. C. Sylvester, jr., vice president of the
National City company, in discussing the investment ad
vantages of this class of security. As a result of the agi
tation in Washington for a constitutional amendment to
permit federal taxation of all future issues of municipal
bonds, the impression that these securities are valuable
principally as a refuge for wealthy men seeking relief
from burdensome tax has been gaining ground. The
average investor has been losing sight of their actual
security.
It is Mr. Sylvester's aim to restore the proper bal
ance between the two main features of municipal bonds,
subordinating their tax exemption value to their real
worth as sound investment.
"Before federal income taxes came into vogue," he
said, "the bonds of states and political subdivisions were
bought and held by institutions and individuals of vary
ing financial ability strictly for their excellent security
of principal and interest. The fact that they sold then
on a lower yield basis than railroad bonds of the high
est grade indicated their superiority in point of security
alone. Tax exemption was worth nothing, and there
was, therefore, no element to obscure relative values.
"The disparity between the yields of this and other
classes of bonds was then due entirely to a difference of
security, and that disparity has not increased in favor
of municipal bonds during the period of heavy taxes."
What is the nature of the security that has given .
municipal bonds a preferred position in the estimation
of conservative investors for decades? Mr. Sylvester
boils down this explanation of their security to these
few sentences:
"The security of municipal bonds rests upon the
greatest power that can be granted a sovereign, that of
taxation. ' Except in a few cases, they are not secured
by the pledge of any specific collateral, but represent a
first lien upon all the taxable property of the issuing
municipality, which pledges its full faith and credit for
their payment". The issues of a certain municipality do
not have any superiority one over another. Street im
provement bonds and city hall bonds or bonds issued
five years ago and bonds issued ten years ago rank
equally. The safeguards that have been thrown around
issues of municipal bonds make them the premier in
vestment security of the world, surpassed only by the
bonds of the United States government."
There is an inherent principle of honesty in the re
payment of a debt, and to the credit of American com
munities it may be said that few have taken money from
a lender and refused payment, Mr. Sylvester said.
"The day has gone when citizens of any community
will borrow money for a public improvement and stand
by and condone a default in payment," he declared.
"The public is slowly but steadily recognizing that the
credit of the community is a valuable asset; that it
means modern improvements and the many facilities
and advantages which are now furnished through the
agency of municipalities and which are so essential to
modern life. If the municipality should default in its
obligations, its credit would be destroyed; it could no
longer raise the money with which to furnish the citi
zens with modern advantages and its residents would
soon find themselves dwelling in a locality upon which
a blight had fallen.
"There is nothing new in all these statements. They
are the A B C's of municipal bond investment, but are
worth whlie repeating at this time, in view of the un
due importance that has been attached to tax ex
emption. "While it is admitted that the wealthy have bought
and are continuing to buy municipal bonds, they have
not been the only purchasers by any means during the
last four or five years. We who are in close touch with
the market have seen how heavily institutions have
been buying, especially during the last year, and how
3mall investors have furnished a steady and sizable de
mand. The total volume of transactions in municipal
bonds has been large, but the average sale has been ex
ceptionally small. When we speak of institutions we
mean savings banks, insurance companies and national
banks none of which is subject to federal income tax
and all of which, therefore, must be buying solely for,
income. In doing so the savings banks are investing
money entrusted to them by the depositors.
"In the last seven months the market for municipal
bonds has shown activity and strength. Prices have
risen fronrfive to' twenty points, owing, in part, to the
great volume taken by insurance companies, savings
banks and investors."
Mr. Sylvester quotes some figures to show that mu
nicipal issues have only kept pace with the same rela
tive advance in taxable securities and that the opportu
nity for purchasing income at favorable prices, there
fore, is just a3 great in the market for municipals as in
any other class that comes into direct comparison
with them.
W .aaH 'aean- - I "Ben"' faM'aaa-- Saf
1 teeth., . tr n
iriLnenneyuenasis
14th and Faraam Street
JA cksoa 2S72
URE
ENTICE
G. A. SteinheimerCo.
Contracting Painters
Keeline Bldg.
Don 't Stand in the
Doorstep of
Business
wondering why trade lajrs. Open
the door and invite people in
through The Ree'a advertising
culumna.
la the paint on your car shabby
and in need of touching up?
linn't delay. Superior workman
ship. SEE
PFEIFFER
1915 Leavenworth
Eat. isas
ETHEL THRALL MALTBY, D. C.
CHIROPRACTOR
PALMER SCHOOL GRADUATE
Second Floor Elka Bldf. JAck.oa. 307a
rx
1303 Douglas Street
SIGNi
WITU A '
PERSONALITY -
Phon. AT. 4683. o
The Omaha BeeU
Rotogravure Section an
exceptional medium for
your advertising.
mm
CTREE) tggaa ftWfri
O. L. Wiemer
Wall Paper, Paints, Glass, 1
Painting and Decorating
1708 Cumin St. Douglas STSS
Omaha, Neb.
Tb Omaha Bm is ara-"
anting its reauUr r
with an uasurpassaxf
Sport Pag. all tWV
a.ws in tha werM af-
On All Occasions -2
Say It With Flower. '!
JOHN H. BATH
THE CAREFUL FLORIST
1804 Farnam Street
Use Western Bond Paper
For Your Office Stationery
Wholesale Distributora
Carpenter Paper Co.
v OMAHA
Welding- Cutting
. Reinforced Brazing
General Welding Work
"WE DO IT RIGHT'
Wo pciali in Automobile Welding
1508 Webster St. AT. 4459
OF NEBRASKA
15th and Dodge Sts.
OMAHA
Modern Policies,
Carrying
Full Protection
E. M. SEARLE, JR., Pres.
RESTAURANTS
There's one near Tou. Highest quality
foods, with quick aervtc..
FEATHER COMFORTERS
. Made from Youi Own Feathers.
Renovated, re-made or made to order.
All hand-filled. We call and deliver.
Omaha Pillow Co.
1607 Cuming St. Phon. Jacksoa 246T.
The Old Reliable Houae
CyMn-der Grinding
Is Our Specialty
Try us for
"Better Service"
Puritan Mfg. & Supply Go,
Atlantic 3753 1614 Izard
Sherman & McConnell
Drug Co.
All th. Drugs and Toilet Articlea fat
all the people all the time. 4 Good
Drug Stores in Omaha.
W. Furnish Clean Line.
FRONTIER TOWEL SUPPLY
J. M. JENSEN, Prop.
Phone Doug. 6281 1818 CaliforaJa
Mora durable) because pressed
from si sis 'beet on our
I ,)-too pmss. Mur saottsry
DecauM there ir no soldered
lo'nti to collect fowl ftrd tt
can't r upset. Sizes 12x24x4 1-1
NEBRASKA IOWA STEEL TANK CO
0nuh a. Neb.
Send Your Clothc to B CIm4
DRESHER BROTHERS
Dyers, Cleanere, Hatter.. Fur
riere , Tailors and Rug Cleaner
2217 Farnam SU Omaha
W. Par Raturn Charge, ea
Out-of-Towo Order.
All American Chemical Co,
Chemical Manufacturers
and Jobber.
Phon. Doug. 4884. 120S-10 S. lftb St.
We analft. and manufacture anything.
Civ. lie a Call