PAGE TWO
PLATTS3IOUTH SEMI - WEEKLY JOURNAL
MONDAY, JAN. 6, 1930.
Alvo News
Ed Fisher was looking after some
business matters in Plattsmouth one
day last week.
Mrs. Peter Johnson has purchased
a new Dodge sedan, which she and
the family are liking very well and
which will' give them good service.
Simon Rehmeyer shelled the third
time, having filled the cribs three
times and is now ready for any one
who wants to haul in a few loads
of ear corn.
August Johnscn who was at the
hospital in Lincoln for a number of
days was able to return to his home
the latter part of the week and is
feeling much improved.
Art Dinges and the good wife were
enjoying the New Years at the home
cf the parents of Mr. Dinges, S. H.
Dinges and family at Unadilla, where
the family were gathered.
W. B. Banning and the family
were visiting for the day last Sun
day at the home of John Banning
end wife where all enjoyed a very
1 leasant visit for the day.
Taking advantage of the holiday
afforded on New Years, the Bank
of Alvo was closed and the employes
enjoyed the day as they are kept
pretty close most of the time.
August Johnson recently purchas
ed a new Nash coach, which he will
use for his transportation and which
is a fine wagon and will serve both
Mr. and Mrs. Johnson very well.
Ready for winter now is the con
dition of C. F. Rosenow, for he hav
ing had a nice lot of wood collected
on the first day of the year he had
R. M. Coatman with his power saw
come along and cut the wood for
the stove.
Miss Iva Bird who was injured
by springing over a ditch some time
ago and who fractured a bone in her
foot is getting along nicely now and
with this week again return to her
work at Elmwood where she is as
sisting with the work at the home
of Guy Clements.
Joseph Armstrong who has been
quite poorly for some time is at this
time feeling much better and is able
to be out. but not well as yet. Mrs.
Armstrong is feeling quite poorly at
the home. Their many friends are
hoping that they both will be in their
normal health again.
Many people of Alvo and the vic
inity are in some way afflicted with
the measles, and while some are
getting over the malady others are
trjkinc it. However the disease is
running its course and there are
fewer cases of the malady, and all
are honing it will soon be over.
While Lee Coatman was away for
Christmas and a few days following
when hp was visiting at Utica and
with Miss Thelma Foreman went to
Faxton. they being accompanied by
a sister. Miss Lillian Foreman, where
thev visited for a few days at the
Tinmp of Kasner Cross, an uncle of
the Misses Foreman, he had to work
on New Years day.
V. C. Timlon who is a rustler to
work and who generally has his work
well in hand is slightly in arrears
with the work on account of the very
bad condition of the weather for pick
ing and a pressure of the work put
him behind but he is getting alon,;
nicely and has nearly one hundred
acres yet to pick. He. however, says
that the crop is good and that he is
well pleased.
Has Had a Good Year.
Simon Rehmeyer, and by the way
one of the hustling garin dealers of
eastern Nebraska, who is always
busv. and gets much corn at this
station said on New Years day when
asked by the reporter how business
was, said that he has enjoyed i
good year in fact the best since com
ing to Alvo, and it looked like this
vear just now coming would be even
better.
Occupying New Location.
Edward Nelson who came here
something over a year ago, and en
grged in business, has moved to his
own building in which he has his
store as well as dwelling over the
store, and is well satisfied to get mov
ed for he has a fine building in which
to engage in business, a good place
to live and with a good business for
he has a good patronage and he is
well satisfied. He is endeavoring to
give the trade the very best in goods
and at prices which will save them
money. He said business had been
very satisfactory and that he would
look for even better business during
the present year.
Enjoy Fine Dance.
The fun loving public and that
numbers a large percent were goth
ered at the Stewart hall where they
enjoyed a very fine watch party and
lance. They enjoyed their merry
making until the old year 1929 had
."lipped away and greeted the com
ing of the new 1930 with merriment.
Community Watch Gathering.
At the Methodist church with a
very appropriate program and many
joyous songs and a good fellowship
end attended by most of the com
munity as well as the country, for
the roads were good. The program
which was fostered by the iadies of
the community and church, was a
very fine one and one that was great
ly enjoyed. They stayed for the com
ing of the New Year and made a
contract with the young fellow that
they would do all possible to make
bis stay of 365 days a very pleasant
one.
Have Good Year.
John Banning, the lumber man.
who is here to serve all, whether it
befor a car load of lumber or only
one board, and who makes excep
tionally good prices on New Year
day when the reported asked him,
said that the year had been a good
one, and he is looking for a better
year in 1930.
All kinds of Business stationery Monday morning. He was accompan
printed et the Journal office. led by his wife.
GAL NEWS
From Thursday's Dally
Mike Warga, Sr., of Havelock,
was in the city New Years for a
brief visit here with the relatives
and friends and enjoying a short out
ing. Mr. and Mrs. George Snyder, Jr.,
of near Fremont, who have been
here visiting with relatives and
friends, returned this morning to
their home.
Mr. and Mrs. Wayne Gouchenour
of Centerville, Iowa, are in the city
where they will enjoy a stay here
with the relatives and friends for
a short time.
Herman Ross, of near Union, was
a visitor in the city today for a few
hours, attending to some matters of
business and visiting with his many
friends in this city.
B. F. Stewart, former well known
resident of this city, now living at
Gillette, Wyoming, was here today
coming in to look after some mat
ters of business and visiting with
the old friends.
Mrs. E. H. Wescott and daughter,
Miss Helen, departed this morning
for Omaha to spend the day visiting
with friends. Miss Helen is return
ing to Des Moines, Iowa, to resume
her secretarial duties, Friday morn
ing. From Friday' Party
William Hoffman, one of the well
known residents of Elmwood, was a
visitor in the city today and attend
ing to some matters in the county
court for a short time.
Attorney J. C. Bryant of Ashland
was a visitor in the city today for
a few hours and looking after some
business matters in the county court
in which he was interested.
From Saturday's tall
William Meade, of Union, was a
visitor in the city tcday and while
here was a caller at the court house
and secured a hunting license.
Walter J. Wunderlich and son.
Bob, of Nehawka. were here today for
a few hours looking after some busi
ness matters" at the court house and
visiting with friends.
Mrs. M. L. Thomas of Palmyra,
Nebraska, arrived here Friday from
her home and will spend the winter
here at the home of her son, Herman
L. Thomas and family.
Mr. and Mrs. J. W. Pointer of
Winner, South Dakota, who have
been here as guests at the home of
Mr. and Mrs. J. W. Cloidt, have re
turned to their home. Mr. Pointer
is superintendent of the Winner
schools and which reopen on Monday.
Hoovers Greet
6,348 Persons
at Reception
Reception Is One of the Most Bril
liant Ever Held in the
White House.
Washington, Jan. 1. High public
officials, diplomats and just plain
citizens greeted the president and
Mrs. Hoover today at one of the most
brilliant New Year's receptions in
the history of the White house.
As automobiles carrying resplend
ently garbed ambassadors and min
isters rolled into the grounds just be
fore 11 o'clock In the morning, a long
line of citizens was forming along
Pennsylvania avenue. Before 3 p. m.,
6,34 8 persons had been greeted per
sonally by the chief executive and
the first lady of the land.
Today's reception, with the ex
ception of one given by President and
Mrs. Harding in 1921, was the larg
est since the one on January 1, 1904,
when Theodore Roosevelt and Mrs.
Roosevelt held open house. The day
was warm and pleasant.
Receive Cabinet First.
Mr. and Mrs. Hoover first received
the cabinet and their families in the
living quarters on the second floor of
the mansion. As 11 struck and to the
strains of "Hail to the Chief," they
walked to the Blue room where all
receptions have been held since the
White house was built.
From that time until 12:10 Mr
and Mrs. Hoover were clasping hands
with well-wishers. After the diplo
mats had passed by the president and
his wife and had gone to the Pan-
American union for breakfast given
by Secretary Stimson. members of
the supreme court entered the Blue
room from the adjoining Red room.
Other officials of the government
then entered the room, followed by
members of the patriotic societies.
The morning reception closed with
the president shaking hands with the
members of Oldest Inhabitants society
of the District of Columbia.
At 1 o'clock the president and his
wife came to the Blue room to greet
the private citizen callers. In the line
which extended from the White house
doors to the gates and from there up
Pennsylvania avenue for two blocks,
were representatives of every race.
creed and color in the country.
World-Herald.
STEAL $15,000 GEMS
OF JEWELER'S WIDOW
New York, Jan. 1. Returning to
her apartment at midnight after din-
ng with friends, Mrs. Anna Tenneau,
widow of Alexander of Cartier, Inc.,
Fifth avenue Jewelers, found she had
been robbed of jewelry and clothing
valued at $15,000.
LINDBERGHS LAND .
AT COLUMBUS PORT
Columbus, Ohio, Dec. 30. Making
his characteristic perfect landing,
Col. Charles A. Lindbergh arrived at
the port of Columbus at 11:55 o'clock
LQ
REPORT OF THE CONDITION
OF THE
PLATTSMOUTH STATE BANK
of Plattsmouth, Nebr.
Charter No. 7S6 In the State of Ne
braska at the close of business
Dec. 31. 192U.
KESOURCKS
Loans anil discounts $
Overdrafts
Securities (exclusive of cash
reserve '
Conservation Fund
BankinK house, furniture
and fixtures
Other real estute
Cash in Hank
and Due from
National and
State I5anks . .$ 138,527.28
U. S. bonds in
cash reserve . . 25,000.00
C30.712.23
- 90.23
247.3S1.91
1,940.18
25,000.00
33,300.00
163,527.28
TOTAL.
.$1,101,956.83
LIAIHLITIES
Capital stock $
Surplus fund
Undivided profits (Net) ...
Keserve for Contingencies..
Individual d o-
50. 000.00
25,000.00
25,102.14
S, 426. 84
posits subject
to check .... $
Time certificates
of deposit ....
Savings deposits
Cashier's checks
Due to Nation
al and State
banks
39S.9SS.82
535.535.S5
5'.S39.55
ti, 560, 12
992,924.34
none
Re-discounts
Bills Payable
Depositor's guaranty fund.
none
n o n e
503.51
TOTAL
. . .91,101.956.83
State of Nebraska
. ss.
County of Cass J
I. H. A. Schneider. President of the.
above named bank do solemnly swear
that the above statement is a true and
correct copy of the report made to the
Department of Trade and Commerce.
II. A. SOIlNKIlKi:.
Attest: 1 'resident.
HENRY HORN. Director.
FRANK A. CLOIDT, Director.
Subscribed and sworn tn before
this 6th (lav of January. 1130.
EDNA WARREN.
(Seal) Notary Public
me
(My commission expires Oct. 19, 1932.)
HUNT FOR PLANE GIVEN UP
Sandusky Coast guardsmen Wed
nesday night gave up an attempt to
reach Johnsons island in Sandusky
bay where a plane was reported to
have fallen early Wednesday evening.
Coast guard officers said thin ice
blocked the attempt to reach the
island with a flat bottom boat. Sher
iff John W. Parker, said he would
send a plane to the island at day
break. Coast guardsmen will also re
sume their attempts to reach the
island.
Sandusky Patrolman Ronald Brav
ard was the first of several persons to
report the supposed crash of the
plane at a spot in Sandusky bay about
four miles from here and approxi
mately over Johnsons island. Brav
ard said he saw the plane's riding
lights and heard the roar of the mo
tor. As it passed over tho bay, head
ed into the east, a Hare was dropped
and then the plane suddenly dis ap
peared and the motor was still, Brav
ard said.
A number of other persons confirm
ed Bravard's report to the sheriff.
Sheriff Parker said he saw the plane
pass over Sandusky but that he did
not watch it after it passed his home. p,vv.z; languished and all but explr
Johnson's island, which is uninhabit-i ( d. The boom towns faded away lin
ed is being watched for signal lights 'til new they are but ghost cities of
on the supposition that the flier may
have landed safely. -
METEOR SIGHTED IN OHIO
Cleveland The startling appear
ance of a large meteor diving earth
ward in a brilliant stream of fire was
witnessed early Friday by hundreds
of persons in northern Ohio and west
ern Pennsylvania. So far as could be
ascertained Friday night the meteor
burned itself out while passing thru
the earth's outer layer of atmosphere,
and did not hit the ground.
At Greenville, Pa., however, the
appearance of the meteor was accom
panied by a detonation and distant
rumble, which made it a possibility
that a part of the flaming mass reach
ed the earth. Witnesses of the phen
omena at Harrisville, Pa., said its
light was so brilliant they could not
ascertain the direction it came from.
PATRIOTS' ASK U. S.
BAR COUNT KAR0LYI
Washington. Dec. 30. A demand
that Count and Countess Karolyi be
excluded from entry into this country
should they seek admission under
visas issued by Secretary Stimson was
voiced in a letter made public Sun
day " by IL Ralph Burton, general
counsel of the National Patriotic
league. ""j
NOTICE OF ADMINISTRATION
In the County Court of Cass Coun
ty, Nebraska.
In the matter of the estate of Bina
Kitzel, deceased.
Notice of administration.
All persons interested in said es
tate are hereby notified that a peti
tion has been filed in said Court
alleging that said deceased died leav
ing no last will and testament and
praying for administration upon her
estate and for such other and fur
ther orders and proceedings in the
premises as may be required by the
statutes in such cases made and pro
vided to the end that said estate and
all things pertaining thereto may be
finally settled and determined, and
that a hearing will be had on said
petition before said Court on the 31st
day of January, A. D. 1930, and that
if they fail to appear at said Court
on said 31st day of January, 1930,
at nine o'clock a. m., to contest the
said petition, the Court may grant the
same and grant administration of
eaid estate to E. M. Stone or some
other suitable person and proceed to a
settlement thereof.
A. H. DUXBURY,
(Seal) County Judge.
988 Acres Laid
Out to Rubber
on Ford's Land
First Year's Requirement Met by
Clearing Big Block of Bra
zilian Jungle
Detorit Henry Ford's theory
that high wages are fundamental to
economic prosperity has been ex
tended from his factories in Detroit
to his rubber plantations in Brazil.
It is bringing new wealth to a region
whose rubber history rivals that of
the gold rush of the Yukon.
Mr. Ford has met the require
ments on an option of approximately
2,500,000 arses of land along the
Trapajoc River by clearing and plant
ing PSS acres of jungle land and
making of the sparsely settled town
of Boa Vista a booming little city of
contented workers, officials here re
port. The Plantation lies 590 miles in
'.ar.d from the Brazilian pert of Para,
90 miles above Santarem, and occu
pies a beautiful site on this mighty
river which joints the Amazon at
Santarem. There are about IS 00 men
working. Fully 4 200 will be required
to carry out the full development.
Formerly the native Brazilian was
considered as a serf receiving little
rr nothing for his serviies. Today
tho Ford worker draws over 60 cents
a day, and is given his board and
room free. The more skilled laborer
receives $1.50 a day, while those re
quired in the more exacting duties cf
rubber prodution receive as much
as $120 per month.
Since $1 a day feed an entire
family in this region, the workmen
have risen far above serfdom in the
employ cf the new company. The
workmen are furnished with com
fortable houses, equipped with s-w-ers,
light, and running water. A gen
eral store operated by the company
provides merchandise at nominal
cO:-t.
Local Trading Encouraged
All goods are purchased locally in
Rrr.zil when possible. This has served
to turn the tide of opposition in favor
of the Ford industry. Not only do the
l workmen spend their money largely
in Para, but supplies and necessary
equipment are purchased cf Para
houses.
The center of the previous rubber
boom was at a town nearly 1000
miles up the Amazon, at a point
called Manaos, located on the hank of
the Rio Negro, a short distance be
fore its inky-black waters color the
pale yellow of the mother stream.
That was in 1900. The place was a
typical frontier town of adventurers
and prospectors and boomers. They
arrived by hundreds.
Rubber was being produced in
great quantities when the state gov
ernments of Amazonas and Para
began levying export taxes which
were pushed up and up to a level
that proved to be disastrous. Then
the British obtained seeds of the rub
')cr tree and began experiments
which were so successful that soon
they had the world's available supply
j cornered
The rubber industry of
jthe past, monuments to the greed of
ithe tax collector.
In the fact of genera! opposition
to foreign concessions the Fords have
succeeded in doing the nearly impos
sible, officials declare. Disregarding
local press attacks the company dug
into the job ahead of it and worked
so thoroughly and well that when
the option expired last July they not
only had cleared and planted the re
quired 9SS acres but had in readi
ness for planting an additional 1730
acres.
Unlike the average big company
operating a concession the Ford Com
pany wants its neighbors to prosper
with it in the development of Brazil's
natural resources, officials say.
Working hand in hand with the Para
Government this development is ex
pected to bring wealth and happiness
to all classes of people throughout
AMITY IS HOPE OF RUBI0
Chicago International amity, par
ticularly with its neighbor to the
north of the Rio Grande is Mexico's
chief aim. President-elect Pascua
Ortiz Rubio said on his arrival here
Friday. The cries of "Yankee im
perialism," which have been heard in
other Latin-American countries are
voiced by but a small and insigni
ficant number in Mexico, the next
president of that country declared
Interchange of trade, development of
transportation facilities between the
two countries and a growing senti
ment of good will are the bonds which
have strengthened the spirit of
friendliness between Mexico and the
United States, he observed.
ANNUAL MEETING
The annual meeting of the Farm
ei's Mutual Tornado, Fire and Live
Stock Insurance Co. Annual meeting
on Saturday, January 4th at the Tay
lor school house. Dist. No. 37, at
1:30 p. m., for the purpose of elect
ing officers and transact such other
business as may come before the
meeting.
A. A. WETENKAMP,
President.
J. P. FALTER,
d24-tfw
Secretary.
NAB BARONESS FOR
CHILD SUBSTITUTION
Nice, France. Jan. 1. Baroness
Marie Louise de Plessen. formerly
of St. Louis, Mo., was arrested Tues
day and charged with child substi
tution. It was alleged that when she
found she could not have an heir
she arranged with a woman named
Denise Mercier to enter a clinic un
der the name of the baroness and
to give over her child.
$712,500 LOW HOSPITAL BID
Lincoln, Jan. 1. Figures received
by the Lincoln builders bureau Wed
nesday from Washington, D. C, show
that on the nine buildings included
In the plans for the new veterans bu
reau hospital here, Mads Madsen of
Minneapolis, was the low bidder with
a figure of $712,500.
The Braecker Construction Co. of
Minneapolis, was low on the five
building proposal.
Mads Madsen was second on this
item. The Braecker Co. price was
$589,500.
B. Grunwold of Omaha, was said
to be low on the plumbing and heat
ing with a price of $187,000.
Two Killed
and 13 Hurt
in Bus Crasl
Driver, Found Between Bodies
Victims; Asks for Gun With
Which to Kill SeH.
of
Eaton, Ohio, Jan. 2. Two persons
were instantly killed and 13 injured
in a crashup of a Greyhound bus, en
route from St. Louis to Pittsburgh,
near Eaton Thursday.
The dead are:
Esther Masters, 30, Connersville,
Ind.
Thomas, Carney, 50, Alexandria
Ind.
The injured:
W. R. Spratt, Richmond, Ind.,
driver: possible fractured skull,
broken arm and leg, bad bruises.
Marian Frankin, Topeka,, Kan.;
head and body bruises.
Charles Franklin, States Island, N.
Y. ; bad head bruises.
Bernice "TSllinbaugh, Detroit; ser
ious body bi uises.
Sherman Bernger, Chicago; ser
iously bruised.
W. IT. Harrison, Kansas City; bad
bruises.
Cyril Palley, Rosell, N. J.; serious
bruises and cuts.
Homer Dyer, Cincinnati; body
bruises.
Unidentified Negro.
Two others, whose names were not
reported, received attention for slight
injuries.
Crashes Into Culvert.
The bus, according to passengers,
was traveling at high speed and
swerved into a culvert after a tire
had blown out. The front end of the
bus was demolished. Both o the dead
were riding in the seat behind the
driver.
Maybruck, injured, broke a rear
glass, climbed from the wrecked bus
and hailed a passing motorist, who
brought him here. Ambulances from
Eaton and Richmond, Ind., then
were rushed to the scene.
Maybruck collapsed soon after
wards.
Driver Seeks Death.
When Snratt. bus driver, was
reached by rescuers he begged for a
gun with which to kill himself. He
was ninned between the two dead
persons. Omaha Bee-News.
Oklahoma Lays
First Stone of
Cultural Home
Great Art Collection Is Lent
the State for Historical
Building.
to
Oklahoma City. Okla. Laying of
a corner stone for the new $550,000
state historical building, the chief
event of Oklahoma's twenty-second
statehood day celebration on Nov. 16,
served as a dignified contrast to that
first day in 1907.
Then the outstanding event was
the "marriage of Oklahoma and In
dian territories to form the one State
of Oklahoma." The day was cele
brated with parades, brass bands, and
a barbecue.
In the 1929 celebration, speakers
pointed to the new building as the
"spiritual and cultural home of Okla
homa." The chief news event was
the lending of a great art collection
to the state, and the day ended with
a banquet.
Mrs. Laura Clubb of Kaw City,
owner of one of the most complete
private art collections in the Nation,
has agreed to lend it to the State for
an indefinite period, to start an art
gallery in the new building. It con
sists of 200 pieces, is valued at $1,-
000,000 and includes works of Corot,
Gainsborough and Reynolds.
Geo. W. J. Hollaway traced the his
tory of the Five Civilized Tribes, the
Pioneer settlers from Kansas, Texas,
and Arkansas and the vision that
finally formed the State. As he laid
the first trowel of mortar for the
corner stoi. . he expressed the hope
that the son and daughters of Okla
homa's pioneers would be able to
carry on with the same vision.
R. L. Williams, federal judge and
former governor, told of the import
ance of the new building to students
of Oklahoma history and Indian lore,
and the culture of -Oklahoma.
ONE KILLED IN FLOUR
DUST BLAST AT MILL
Enid, Okla., Jan. 1. One man
was killed and several thousand dol
lars worth of damage was done to
the elevator of the Pillsbury Flour
Mills Co. here Wednesday in an ex
plosion presumably caused by dust.
The elevator was set on fire, but the
blaze was quickly extinguished.
Phone ycer Job Prtutinj
order to
No. 6. Prompt service.
Governor May
Ask for New
Bank Law
Approval of Governor Matter
Speculation Plan May Call for
Cut in Assessments.
of
"There will be no special session
of the legislature to enact banking
legislation unless Governor Weaver
has assurance in advance that legis
lation can be enacted," predicts an
official at the capitol.
Members of the legislature who
drop in to make inquiries about their
chances of being called away from
their chores during the winter, are
asking many questions, such as these:
"Does the governor expect to get
any results from calling in the same
legislators who adjourned nine
months ago without doing anything?
"What assurance has he or will
be recived that they will do some
thing? "Does he propose to tell them what
he wants done?
"What assurance will he have that
what may be done will be of any
benefit after it is done?
"What can be done that will be of
benefit?
"What sort of a pledge should a
member expectd to make in advance
that he will vote for any certain
type of legislation,"
Some contend that when the bank
guaranty suit is finally disposed of,
which may or may not be soon, it
will be time to consider the matter
of a special session of the legislature.
The motion of rehearsing on the de
cision of the supreme court holding
the special bank assessments for the
guaranty fund legal is yet to be filed
and disposed of. The question wheth
er the bankers will be allowed to ap
peal to the United States supreme
court is yet to be settled.
Expect a Substitute.
In the meantime bankers are
clamboring for the repeal of the
guaranty fund law, yet few bank
ers expect the governor to call for
its repeal without substituting some
thing in its place. Many bankers
have expressed the belief that all
that is needed to remedy every bank
ing evil la repeal of the law for a
fund for "protection of depositorh."
Banks have not paid assessments, yet
banks fail, it is pointed out by sup
porters of the guaranty fund law.
At the capitol it is rumored that if
Governor Weaves desires to call out
the legislature he will send a letter
to its members, perhaps accompanied
by a bill to be proposed by him, ask
ing the legislators to express an opin
ion. If leaders should agree on seme
action, a special session might be
called. If not, the matter may all fall.
The governor, it has been suggest
ed, might propose a change but not
repeal of the present law. A change
proposed at the last session for a
guaranty fund to be paid into the
state treasury to insure each individ
ual bank's deposits, is not much talk
ed of.
The plan of a change in the law
regarding payment of depositors, of
a new plan to apportion the guaranty
fund and assets of failed banks is be
ing discussed. The bankers want the
assessments reduced. This might re
ceive some favor, along with a new
plan of payment.
Old Deposits First Paid.
Payment of depositors is now based
on age of depositors' claims. Deposi
tors cf banks that have been longest
in receiverships first receive payment.
There i3 $2,000,000 or more due the
guaranty fund from special assess
ments for the latter half of 1928 and
first half of 1929, and the assess
ment for 1930 are to be included. In
the plans discussed it is proposed to
pay all depositors something each
year, perhaps the older a larger per
centage, and then ay under a step
up system so that when all have re
ceived 15 per cent or some other
arbitrary percentages, none shall re
ceive anything more until the funds
are sufficient to pay all another step
up per centage. Thus it is hoped to
ultimately pay all deposits 50 per
cent or more. It is urged that pay
ment of half the deposits in failed
banks would be satisfactory to a ma
jority of depositors and do much to
strengthen the banking situation.
Would a possible decrease in bank
assessments and a new schedule of
payments of deposits meet with the
approval of the legislature, and
would such legislation be of suci-
cient benefit to justify a special ses
sion of the legislature? Will such a
plan meet with the approval of Gov
ernor Weaver when the time comes
for action? These. are questions dis
cussed at the capitol.
MRS. D0RAN HAS CC-CKTAIL
Washington Mrs. James M. Dor-
an, wife of the prohibition commis
sioner, greeted the New Year with
introduction of a new fruit juice cock
tail at a dinner party given in honor
of G. Aaron Youngquist, the new
assistant general in charge of prohi
bition entorcement, and Mrs. Young
quist.'
Recently Mrs. Doran inaugurated
a nationwide campaign to popularize
non-intoxicating fruit juice drinks.
Since then she has received numerous
requests for the fruit punch recipes
first used at a W. C. T. U. luncheon.
Mrs. Doran't "1930 cocktail" is a
complicated punch served in glasses
"frosted" with powdered eugar. me
recipe includes grape juice, pine
apple iulce. limes and ginger ale,
with cut fruits and sprigs of fresh
mint floating on top.
There is no slac "Business period
for the merchant who advertises hia
goods the year 'round.
CHEVROLET REDUCES
PRICE OF NEW CARS
Detroit substantial price reduc
tions on the new 1930 Chevrolet
sixes to be shown Saturday were an
nounced Friday. Base price of $525
current in 1929 will be cut to $405
in the new 1930 series, with parallel
reduction all along the line of pas
senger and commercial car models.
The new low price was made possi
ble, it was explained, because of
Chevrolet's record volume in 1929,
when 1,300,000 carri were built. The
price cuts of from $25 to $50 make
the new price range from $365 to
C675 compared to 1929 prices
$500 to $725.
of
U. S. Gaining
Financially as
Year Opens
Starts Year $260,000,000 Ahead of
1929 Mark; Public Debt Les
sened Over Billion.
Washington, Jan. 3. Increased in
come tax payments which totalled
$1,185,317,860 in the last six months
enabled the government to start the
1930 calendar year more than $2.60,
000,000 ahead of last year, when
there was a treasury deficit of $168,
475.696. Figures for the first six months
of the 1930 fiscal year made public
by the treasury Friday showed that
the public debt had been decreased
$1,008,000,000 to a total of $16,300.
921,501 in the last 12 months: that
there was a surplus in the treasury
on Dec. 31 of $91,644,655; that the
receipts for the six months were $2,
077,539,516, an increase of $209,
900,411 over the same period a year
ago, and that the income tax collec
tions were $172,522,000 greater than
in the first six months of the 1929
fiscal year.
Sinking Fund Low.
Though the government finished
the last calendar year more than
$260,000,000 better off than the pre
vious year, it was $95,410,850 behind
last year in sinking fund require
ments, which must be made up before
next June 30.
The entering of the second half
bf the present fiscal year with a sur
plus of $91,644,655 was believed to
indicate that Secretary Mellon's pre
diction the government would end
the fiscal year with a surplus f
$225,000,000 might be fulfilled, de
spite a decrease of $160,000,000 in
income tax.
Expect Heaw Receipts.
Indications were said at the treas
ury to point to continued heavy in
come tax receipts in the March and
June payments on 1929 incomes.
With a total of $1.185, 317, S60 al
ready received from income taxes in
this fiscal year, the treasury expect
ed there would be at least $601,000.
000 collected in the first quarter of
1930 calendar year and approximate
ly $55,000,000 in the second quarter
of the calendar year, which amounts
were received in 1929.
The first and second quarter of the
calendar year comprise the third and
last quarter of the fiscal year.
Customs Income Gains.
In addition to the income tax. cus
toms receipts have amounted to $302.-
77S.000, an increase of $2,000,000.
Miscellaneous revenue receipts have
totaled $31S,493,62S, an increase of
$15,000,000 over the first six months
of 192S.
Secretary Mellon has estimated
that customs receipts for the entire
fiscal year will total $602,000,000
and that miscellaneous internal rev
enue will amount to $635,000,000.
Omaha Bee-News.
HYDE URGES GOVERNMENT
CONTROL MUSCLE SHOALS
Washington, Jan. 3. Disapprov
ing all pending measures for disposi
tion of the Muscle Shoals power pro
ject. Secretary Hyde today recom
mended legislation which would con
tinue the government in control of
revenue from this gigantic war-time
plant.
In a letter to Chairman McNary of
the senate agriculture committee, the
secretary of agriculture recommended
no definite plan for operation of the
plant but he said that the theory
had been abandoned that the nitrate
plants at Muscle Shoals can be of any
benefit in lowering the cost of fertil
izer to the farmers.
"There is need for the improve
ment of fertilizers, fertilizer prac
tice and soil management, and it is
therefore recommended that the
Muscle Shoals property be utilized
as a source of revenue which will be
applied to this end," he wrote.
Senator Black (dem., Ala.), who
made public the letter, expressed the
view that the secretary's letter did
not' conflict with his amendments to
the pending Norris resolution for gov
ernment operation of Muscle Shoals
which would permit a special com
mission to negotiate a private lease
of the property for operation of the
nitrate plant.
PROPOSES A SUGAR BOUNTY
Washington Senator Borah dis
closed Thursday -that senate republi
can independents are serioui-ly con
sidering supporting a sugar bounty
to apply to American producers of
sugar alone as an amendment to the
pending tariff bill. Tho Idaho sena
tor is preparing the bounty amend
ment, but is not ready to sav what
figures will be proposed. He said
its purpose would be to extend bene
fit to American producers, and for
that reason Philippine sugar grow
ers would be excluded. The sugar
schedule in the tariff bill probaMy
will, be reached soon after the ten
ate debate next -week.
