. . ,... aii i if i nin I V a ., . aa a Debate on Grain Marketing Heard Iy Over 1,000 Farmer, at Lexington Ittfutf? to Kxpreei 0inion in Ad ranee lining It II Ig IMie. vthrn Ihrre it a continuous (law of wheat into the market in in orderly manner. Through co-operation the ikalrr or exporter bat always at hi disposal actual wheat with hh It ui'-rt hit contract obligations, and many of our dealers never thmk 01 hediiinK at a nccesry jrt ol their business, Lexington Man Judge. "I cannot even Brant that hedg ing it insurance, undrr any lyttrm i lil mi Krimir, i U'iri nm innure attains! the reiultt i manipulation. Jledeinr hat caused many failure in ' the gram trademen caught ly the spread in prices when they consta tred themselves protected. Jndite Iiac J. Nisrly of LexinR ton wit choien at the third judge by agreement between the oMier two iurfffet. William 1. Harvey of Kan- i cat City and Charlea J. Brand, for merly of the bureau of markets 01 the federal department of agricul ture, but now of 1'ittsburgh. Gambling la Charge. ' Mr. Tewett. after declaring that the term speculation, at appiico to ine marketing fit Rrain, meant nomine; but "gambling." launched a violent denunciation of grain gambling. "U'e find the oamhlinir oncrationt us carried on in the Chicago Board f Trade to be to extcntive at to over-ride the notorious gambling at Monte Carlo." he declared. "The ability to deal in that which one docs not possess provides opportun ity for those whose interests are liiamcterically opposed to those who have wheat to market, so to carry on their operations thnt they have, to a high degree, the ability to establish and manipulate price." Actual operation of the laws of supply and demand are nullified or magnified by speculative gambling, Mr. Jcwett said. "To whatever ex tent speculation succeeded, the man producing the grain and the man consuming the grain are at the mercy of the whim or caprice of the manipulators. Not Price Stabilizer. "First, doe speculation stabilize price?" he asked. "Certainly not. We have already shown that specu lation is an extraneous influence, affecting the law of supply and de mand, which is the only just de terminator of the price of any com modity. Just so far as speculation influences the law of supply and de mand it is an evil influence working ag.itnst natural law. , "The second argument is tnai n provides -a continuous market 1 tie market for wheat is compared with that of prunes, which may lie dor- ii ani nan ui inc vi-w. - just comparison, drain, wheat and corn, , 'form the .basic commodity of the entire world. The demand for them' is continuous, and production, taking the world at large, is con tinuous. The supply has never equalled the demand. True, there have been carry-overs of , wheat in some years and in those years people have starved. Why the carry-overs? Greatly because of the blockade be tween producer and consumer set up by speculative gambling. "Then the statement that "hedging' provides insurance against loss and that 'hedging' could not exist with out speculation. But 'hedging' is in reality an operation to protect the large dealer against speculation and it has never been proven that hedg ing is successful insurance even against speculation. Instead, it is probable that more failures in the gram trade and mill industries can be attributed to 'hedging' than to any other reason. In Illinois less than 56 per cent of the grain trade establish ment 'hedge' and in the Pacific Northwest 'hedging' is scarcely ever resorted to." , Pickell Springs Surprise. Mr. Pickell spruncr a surprise by basing his debate wholly on the de cision of the United States supreme court in the Chicago Board of Trade against Christie case. He quoted the court's decision that the value of speculation "is well known as a means of avoiding or mitigating catastrophes, equalizing prices and providing for periods of want' People will endeavor, Mr. Pickell read from the decision, "to forecast the1 future and to make agreements according to their prophecy. Specu lation of this kind by competent men is the self adjustment of society to the problem." Mr. Pickell pointed out that wheat is iih demand by millers; exporters and speculators and declared that sofae millers were opposed to specur latjon "because the speculator is the competitor of the miller." "If' it were true that speculators selling always depressed prices, can yoh imagine that the millers would object to it on that account?" he asked, adding that the miller as well as khc exporter always sought wheat at the lowest price possible. . From the ' standpoint of private gain, he said, the larger exporters would be glid to see the doors of the specula tive exchanges "barred and bolted," and that there would be "plenty of millers to furnish hammers and spikes." Hedging tor Insurance. Under present conditions, he con tinued, the exporter obtains the hedg ing or insurance protection of the speculative market and thus avoids speculation and operates at a profit of J per cent of the value of the prop erty handled, as shown by Depart ment of Agriculture reports. The miller, likewise, hedges his trades to obtain the protection against price fluctuations, he said. Assuming that the American farm- en raised vw.uuu.uw ousneis ot wheat this crop year and today held it "all on the farm, he would still be unable to fix the price, the speaker said, for this is not the only wheat producing country. To hold the grain vemdi be gravest speculation, he continued, "Yon can never elim inate speculation, because it begins when the seed is submitted to the soil." ' - After the miller and exporter have obtainedVtheir supplies, there are 'still mifpons of bushels vef surplus heat which -must be carried aud Pioneers,. Indian Fighters, World War Dead Lie in Nebraska National Cemetery A!oc 361 Cram Arc Placed $U!i Lalirlftl Tiilnou.H Whm Kebrik n4 the at country wett ot the Mississippi river were a wilderness, pf doubtful value, nuny brart men and women, van guard of the million, dre4 the doners of Indians, cold, drouth, hunger and dnejie. Mny of them met death, far from loved onet ami the comforts of civ ihation. In 1A7J the government let atide 2 arret of the Port Mcl'hertoo military reervtion which It now known at the hurt Md'herton Na tional cemetery. It it the only national cemetery in Nebraska, the only one In the cen. tral west. It it located in Lincoln county, on the touth aide of the Platte river, five miles from Mas well. Enclosed By WalL Sit acres are encloted by a trick wall. In this cemetery are buried sol. diert of the Indian, civil, Spanish American and world wart, and civil ians who braved the dangers and met death during the early years when this great land was being brought under the hand of civilized man. Hundreds have been brought here from the spots where they were buried right after their death. Beautiful cottonwoods and ever green trees shade the ground where many rows of white ttone markert and more pretentious monumentt mark the resting places of thete brave men and women. Most of the markers bear the mniM nf th d-ait but above 361 graves are slabt on which is graven' the single word, "Unknown. Superintendent Otto H. Weidner aecupies a comfortable brick house. His records show the names of all the known persons buried in the cemetery. Their bodies were brought there from more than 20 burying places. They include pioneers who died on the trail or in their lonely camps or at their homesteads, tome died in fights with Indians, some are dead from army posts of the early days, some from the Philip pines and 15 are bodies of soldiers who died overseas. Funerals of the overseas dead were conducted H" Fort McPherson post of the Am" n Legion. The last civil war veteran buried there was Benjamin F. Baker, su perintendent of the cemetery from 1885 to 1892, who was buried Octo ber 30. 1921. Over tne cemetery entrance are these words: "On fame's eternal camping ground Their silent tents are spread; While Glory guards with solemn round The bivouac of the dead. Hfli full o mm fTa pf III - "nurse y-' I ri fsirf -Isl ?S 3,2 t which, the speaker declared, are car ried by the speculator. Believes in Higher Prices, "The speculator buys because he believes in higher prices. It is im- View from the southwest corner of the inclosure. Superintendent's cottage, right. Otto H. Weidner, superintendent of the National cemetery; left, Harold B. Olson, commander, Fort McPher son post of the American Legion. American Shipping Is Facing Scrap Heap (Cantlnwd Pram Pu One.) in favor of any other maritime power, is disloyal to his country. He reasoned it this way: "After the war was over, In order to assist in the stabilization of world conditions, at the initiative of Presi dent Harding, a disarmament con ference was called, to meet at the capital of the nation. The result of that conference is known to all. It may safely be said that all good citizens approved of the purposes and efforts made by that conference, which only a few weeks ago con cluded its labors. "All good citizens of this and every civilized country in' the world hope that the treaties and resolutions agreed upon by those participating therein will prolong peace and tend to prevent war, but the close student of the world's history does not be lieve that the work of the conference will result in the establishment of peace the world over, and for all portant to note ncre mat mvesti- ,:, , n -j ,.,:i ,,) gallons reveal that 90 per cent of Lnd avarice are eiiminated from the the speculative traders operate on the individual human heart, bull side of the market. , They be-1 "Short-sighted then, indeed, are heve m higher prices for wheat The those who wouId abandon al2 thought other 10 per cent are usually found 0 national defense on sea and land, m uic raiiKS oi me iiien.ii.iiiis ui ,nri t jnpa nt mp, nrmP,! --w ..ww I"- grain, probably either the millers or the exporters who are naturally in terested in seeing lower wheat prices. , ! "The miller purchases his milling supplies based upon a known flour demand. The exporter fills all his export sales, abroad. But in addi tion to what the miller owns and in addition to what the exporter bought and then sold abroad, there is a sur plus, amounting to millions of bush els of wheat, and that surplus is known in official circles as the vis ible supply. Who bears the risk of ownership of the visizle supply? The third and highly important factor in grain marketing, the speculator." Recovers From Pneumonia. William W. Green, auditor for the H. J. Hughes company, is con vatesing at his home, 4022 Lafayette avenue, from an attack of pneumonia. Mr. Green was taken ill January 30. paredness and the maintenance of a large standing army or any invin cible navy, or the cultivation of the military spirit. Belief in national preparedness is not inconsistent with a program of peace or its mainte nance for the things which make for the development of trade and com merce, in the very nature of things, make as well for national prepared ness. Says Britain Still Mistress. "If we consider carefully the ratio of naval disarmament, as established by the conference, we will ree that Great Britain is just as much the mistress of the seas as she was when she had afloat the greatest navy in the world. Japan occupies relatively the same, if not a better position, than she did before this ratio was agreed upon. The United .States, likewise, has not had her position relatively changed by the ratio agreed upon and the same holds New College President JSl. u a t, "i i n 'A r A. L. Dunn. Grand Island, Neb., March 4. A. L. Dunn has succeeded A. M. Har gis as president of the Grand Island Business college. Mr. Hargis founded the school June 5, 1883, and has been its president continuously since then. A few years ago he decided to' look around for a young man who could take respon sibilities off his shoulders. He se lected Mr. Dunn, a member of the faculty and with the management of the school since 1906. For a decade he has been training Mr. Dunn with the object of making him president Mr. Dunn has bought half interest in the school. The Grand Island Business college is one of the best of its kind. It oc cupies a ? 100,000 buildinjr and is a A. M. Hargis. member of the American Federation of Accredited Commercial- Schools. It lives up to its motto, "Excellence Brings Success." Its thousands of graduates hold positions in nearly every state in the union. The success of the school, its pres ident says, is due to its courses of study, methods of presentation, corps of teachers and general progres siveness and efficiency. - Mr. Hargis, in a letter to the new president, says: "You will, of course, know that I will always want to see the old school prosper and be suc cessful, and you may rest assured that I will gladly co-operate in every possible way to the end that these desirable results may crown the ef forts of its new officers and faculty." true of all the powers that united upon this fixed ratio. "No lover of peace, no one who does not realize to the full the terrors ofVar, and that another such as the last would practically destroy civilization, could or would com plain of the adjustment that was made, but he is blind, indeed, who does not or will not see that the maintenance of that, ratio, at least, i3 absolutely essential to national preservation. The nation that, be fore this ratio was fixed, was power ful at sea in battleships or in mer chant vessels, if she lags behind, must inevitably find . herself in a position where in case war does come, she is powerless to keep back the aggressor and the oppressor. What I mean when I say that with the ratio as established and the scrapping of the naval vessels of the several powers. Great Britain still controls the sea, with Japan and the United States occupying relatively the same positions as they did before the disarmament conference, is that the number of seagoing vessels of 2.000 gross tons and over, of 12 knots or over, owned by the United States is only 22 per cent of the number owned by Great Britain, while the number of vessels owned by the United States, of the same tonnage of less than 12 knots, is practically the same as those owned by Great Britain. But it must be remembered that speed and ton nage of the merchantmen combined, is an essential element in the matter of the national defense as well as of commercial development. Must .Maintain Routes. "It behooves America therefore, to see to it, not for military purposes, but for the protection and de velopment of her commercial as well as for her national defense, to main tain her routes at sea by the up building ot her merchant marine and keep up, at least relatively, with other maritime nations, the ratio that has been established by the disarmament conference. This can only be done through a mer chant marine the equal of that of other maritime nations. "It follows that the man who be comes a party to any propaganda for the abandonment of an Amer ican merchant marine in fdvor of any maritime foreign power, or who is willing to say that if foreign ships can carry American commercial ton rage at a less rate than American ships can do the same thing, or that American ships should be abandoned and the foreign ships encouraged, is disloyal to his country and its best interests. "Therefore, if for no other reason than for pride in country, the preservation and protection of the vast heritage that has been left to us by the fathers or the republic, every loyal American ought to in sist upon the maintenance of an American merchant marine, at least upon the basis of the present ratio, and it would not be in violation of the agreement reached nor an attempt to display a preparation for war if, by friendly rivalry with the maritime nations of the earth, we still continue to build and operate merchant ships in an effort, not to control or domi nate the sea, but at least to do our fair proportion of the business of the world. "It is discouraging, indeed, to those who are attempting to build up and maintain our merchant marine when they are confronted by the sug gestion of many of our business men that there is no sense in attempting to maintain a fleet of American mer chant ships when some foreign power operating ships under foreign flags is willing to take cargoes cheaper than American ships can afford to handle them. Immense cargoes of cereals were shipped from the United States to the United Kingdom and, other for eign countries during the past year and foreign flag ships were under bidding both the shipping board ves sels and those of independent Ameri can operators with the result that the greater portion of these cargoes was carried by foreign ships. "The reason for this differential is to be found in the higher cost of ship construction in American yards; the higher cast of operation of Amer ican ships due to the maintenance of a higher standard of wages, aid given by government to foreign ships, and many other items that I will not at tempt now to discuss. The American ship must therefore be operated at a great loss or it must go out of busi ness, unless this ditterentiai is met fby subvention, direct, or indirect, permitted by congressional action. Boy Who Admits lie Robbed Aunt Not Rcpcntftil Voull. r.ud Pol Confers to Effing Hriglt Light" With IWative'i Life Savngs. There wat no remore In the cyca of KeynolJ Crhler. 16, yetterday at he beheld the bowed figure of hi aunt, Mrt. Clara Dorn, 4J2 Cedar ttreet, anting dejectedly on the bench in the corridor of Central po lice station. Reynold was leaving the office of Chief of Detectivet n Deuten, to whom he it aaid to have confetsed robbing this aunt of $640 her life tavings while the was at the bed tide of her husband, lying near death in St. Joseph hospital. The tired woman tat with head in her hands, bowed with grief and sor row. At the sound of her nephew's footsteps, the looked up, rose and looked him full in the face. Boy Disappears. The youth hesitated, stared at her, and went on down the corridor. He probably will be arraigned Monday morning in Central police court on charges of breaking and entering. With him will be Louis Kraboe, 22, of Cleveland, O., accused as hi accomplice in the robbery. A week ago, Mrs. Dorn wrote Reynold's parents at Imperial, Neb., asking that he be permitted to visit her in Omaha to aid her while his uncle was in the hospital because of a nervous breakdown. Reynolds came, spent two nights at her home, and disappeared. Last Saturday Mrs. Dorn reported to po lice $640, what was left of her life savines after cavinir $60 on the hos pital bill, and her gold watch, an heir loom, had been stolen from her. Suspects Nephew. "I hate to say it, but I suspect my nephew," she said. Detectives Lick ert, Triglia, Walker and Francl found the nephew in one of the minor ho tels, and with him, young Kraboe. After severe questioning in the office of the chief of detectives, they are said to have told this storjr: Soon after reaching the city, Rey nold felt the call of the bright lights and the army. He went to Fort Crook where he said he was 18, passed examination and was about to be sworn in when the verification of the age revealed his ineligibility. While awaitinjr the decision of authorities, R the writing ro racks to wn mother. Acq There he acauamtance "Enlisted a week ago. l m trom Cleveland," Kraboe informed him. "But, gosh, I ain't had any money since." "I know where there's some," vol unteered the nephew. "My aunt promised to give me $20." To the home on Cedar street they went, pried open the aunt's trunk and took the $640 and gold watch, which they pawned. Then, with carefree hearts and eager stride they set out to "see the sights." Few Dollars Left They saw them, for when arrested they had but a few dollars each. "Lost mine gambling, shooting craps," said Kraboe. "But I should worry. The government will take care of me. I'll be protected by my uniform." Reynold "fell for" a pretty girl at the hotel, he said, and she relieved him of $80. "Kraboe took the roll," he de clared, "and gave me only $125. Some of it went for liquor. Oh, yes, we've been drinking." But Kraboe says the loot was di vided "fifty-fifty." " Mrs. Dorn signed the complaint against the pair. Field Secretary to Talk at Parent-Teacher Meet A special meetinj of the Central High School Parent-Teacher associa tion will be held Thursday at 8 at the Central High school. Mrs. F. W. Carberry, field secretary of the Na tional Parent-Teacher association, will speak on improvement in the or ganization. Members of local associations are invited to attend the luncheon at 12:30 Thursday at the Brandeis res taurant honoring Mrs. Carberry, and also to the meeting Thursday night. Mrs. Carberry will explain success ful methods of similar organizations in an attempt to better local asso ciations. Reservations for the luncheon can be made with Mrs. Sherman Welp ton or Mrs. C. R. Spencer. .. el I -ijn f f oal ybrmed. sal fg Kraboe wIormed. dered into i'rookie bar- ome to his An Jack Nunemaker r I Invites you- to look ' over spring woolens. He prom ises first class linings and workmanship. Every coat 1 carefully tried on before th finish nnr? evurv ora-r. IS ment guaranteed perfect in 1 fit and style. Now with McCarthy -Wilson Tailoring Co. Southeast Corner 15th and Harney. World-Hcrald Is Flayed by Road Quiz Committee Democrat Iniita on Parage of lifftulutioii Censuring Ncwupiper for Alleged "Lying' HqorU. Lincoln, March 4, (Special.) Representative Fred UorlmeiMer, democrat, insisted today upon pas sage ot a resolution by the state and county road prolx committee censuring the World-Herald fr al leged "lying reports made of the Investigation. One statement in particular, pur porting to be a report of proceedings, called for condemnation. It read: Roland Frowe, county clerk, Sher man county, presented records from his office showing that roads were built by the township and county for $67 to SoOO a mile of a clay foun dation, equal to the federal project in that countv built at a cost of over $4,000 a mile." Representative Epperson said he believed such a record had been pr sented. The record was produced, showing where figures were pre sented giving alleged costs of coun ty road with no reference to federal costs. Records also were produced showing that when Frowe appeared before the committee he stated that a comparison of road qualities and accurate estimate of costs could not be made unless the committee in spected the roads, and the committee announced that Sherman county would be visited. Resolution Carries. After the committee had presented Epperson the records he called for he voted against the resolution. The remainder of the committee joined Hoffmeister in voting to adopt the resolution, which also describes as misleading, unfair and deceptive headlines and reports of testimony presented to the committee, "damag ing to the good name of Nebraska and hundreds of miles of good roads built by the state." H. K. Bishop of Washington, D. C, chief of the division of construc tion of public works, read figures showing that state highways in Ne braska had been built more cheaply than in other states and government inspections showed state roads were as good as in any state and better than m many. Representative Fred Hoffmeister asked George Johnson, state engi neer, whether he had reported to the attorney general the loss of the field note book on Douglas county proj ect No. 20, by T. W. Hamilton, one of Johnson's engineers. Tour of Counties. "I did," Johnson replied, and wanted to know if Hamilton could be prosecuted. The committee adjourned at noon today because no more complaints regarding road and bridge building were before it for investigation. , It will meet again in Lincoln April 14 for two days to hear further com plaints. The committee then start on a tour of counties to inquire into the cos of county roads. A resolution was passed asking the clerks of 43 coun ties who paid no attention to the committee's request some time ago for figures on county road costs, to send in the figures Kansas City Man Who Killed Horse Buyer Found Insane Kansas City, March 4. Frank C. Thompson, Kansas City stockman, who shot and killed Harry Bruner, Cedar Rapids (la.) horsebuyer, in the lobby of the Livestock Exchange building here January 8, was de clared insane by a jury - here last night after nearly three hours' delib eration. Thompson was placed in custody of the marshal. REBUILT PIANO BARGAINS Every used piano which we accept as part -payment on a, brand new one, is thoroughly gone over by our expert fac tory men, and in many cases are absolutely rebuilt and made "as good as new." You will always be pleai- ed when you purchase one of our Rebuilt Bar gains. Here are a few UPRIGHTS Schubert $118.00 Peek & Son.... 125.00 Franklin 148.00 Mueller 162.00 Schmoller & Mueller. . 198.00 " Epworth 210-00 Story & Clark 22S.O0 Steger & Sons ........ 220.00 Bush & Lane........ 245.00 Chickering" 250.00 Ivers & Pond '275.00 Hardman 37500 PLAYERS Mansfield $240.00 Hartford 325.00 Schmoller & Mueller. . 345.00 Technola 375.00 Artemis 395.00 W have very low and easy term for your convenianca. Coma in before these bargains are snapped up. Our Rebuilt Bargains are in demand. Schmoller & Mueller lSM-is-is HA Pft Pho" Doit St. S 1ANV VV. Douf. 1623 Itatlio Phone Urttadiaot DrMTijitioii of I HtJiLen 1-uuisville, Ky March 4. The radio telephone was employed early today to broadcast description of four robbera who Uf nifht bound and gagged James T. Clark, his wife and two servants and escaped with diamonds vilni-.t at ilflfKK) n,t approximately JJ50. The robbers bound their trtims with cords taken from exprnive pictures which tl.ry tore from the walls. Mis Josephine Cwarthnry of rtirminirliiin All hi was ,!.;. in the Garkt. tivrd hrr aliutt by hiding it a doirt while the rob bers ransacked the plare. VTttniau, 101, Die of Kin p. ion HI. MaeVli 4.-Mrs, Ueba King, 104 years old, formerly f l.o Agres, died today irom iiillu eni. More than 4() year sg, she wn said to have contracted an in curable de and was told that she coul.1 live only a few months. Hanged for Aault. MiMiii.tmlle. V. Va, March 4 Leroy Williams ef Charleston, W, waa hanged in the West Vir ginia priiiirntiary Here uie Kir day. lie was convicted of a crim inal a4u't uiioti Mrs. W. II. Steph ens, wife of a coal company official, stvrral months affo. FrcipilcAc! folio!? In early springtime attire you will find hef most any day in Thompson Belden's apparel sections. For newest fashions are arriving daily in models that make a happy union of quality and good taste. Frocks Coats Wraps Suits priced from , $49.50 to $125 ' Third Floor - Announcing Vogue Patterns in Omaha at Thompson-Belden & Company Second Floor Clear to the Elbow and Over Are the new sixteen- button length gloVes. They're of French origin;"i from Trefousse, tohe I exact, and corn's in brown, black and mode shades with bontrasting embroideries. Priced $8. ' Main Floor "What, Another New Frock" She fashioned it of jade green Spanish lace I suppose to show off her dark hair. There were many other shades at Thompson Bel den's Alice blue, ecru, brown, green, black, and navy, were the colorings of these lovely Spanish lace all-overs and flouncings. Charming New Spring Millinery $7.50 $10 $12 $15 Amazingly youthful and original they are comparable only to the exclusive showings of famous Parisian and New York hat shops. Such a bevy of smart styles to choose from bewitching combinations of .novelty fabrics and straw braids -in lovely new color com binations. Millinery Fourth Floor T