America’s Big
Gold Reserve
Has Dangers
Burden of Vast Amount of
Bullion May Fail to Be
Economic Blessing
for Nation.
New York, March 30.—Financial
experts estimate that approximately
So per cent of the world's gold sup
ply is in America at the present time,
about $4,000,000,000.
London, March 30.—That a great
stock of gold is a real danger to a
country instead of being a security
Is the belief of Sir Josiah Stamp,
foremost British economist, who
framed the economic clauses of the^
treaty of Versailles.
"Now that the greatest assemblage
of gold thnt the world lias ever seen
has been deposited In the vaults of
New York," says Sir Josiah, "far
seeing men and women on both sides
of the Atlantic are beginning to real
ize a remarkable economic paradox,
(■old Not Food.
"The United States government to
day possesses nearly half the total
supply of the world's gold, according
to the latest report of the comptroller
of currency. This does not necessar
ily mean that America is better
elothed, or housed, or fed than we In
Britain. You eannot eat gold.
"This gold must either be kept In
ternally. and have an enormous ef
fect upon prices, or it must go out
of the country to purchase goods.
"The whole economic structure of
America has been tending to become
that of an exporting country, and,
of course, its tariffs are based in
that way against Imports, whereas,
with the payment of a debt by Brit
ain, and also the advlsabili* of ex
changing this gold for goods, it fs
now almost inviting an influx of goods
which must go against its whole eco
nomic Inclination.
Inflation Possible.
"She will naturally not like send
ing the gold out of the country to
receive goods In exchange. That
would raise a howl against the
tariff at once. Therefore, she Is
driven to keeping it within her own
country. If it leaves her vaults and
goes into general use it will have the
effect of vastly Increasing prices un
less there is an enormous increase
in production.
"But there is an even more insidious
danger—that the possession of this
quantity of gold may lead the federal
reserve board largely to inflate cur
i ency. AVhen the bullion is unloaded
in harbor it fb carried to the vaults
for safekeeping, and then it remains
in reserve.
"Supposing the percentage of re
serve under normal conditions In
America to be 40 per cent, this
means that for every $100 of pur
chasing power and credit in circula
tion she has $40 in gold wherewith to
back it. But today, owing to the
enormous quantity of gold, her re
serve is approaching double that fig
ure, and she Is rapidly reaching the
point where every dollar of purchas
ing power on the continent could be
leplaced by gold of its face value.
Prices Might Rise.
"As long as the gold Is untouched
Ibe danger Is dormant. But If. when
an improvement occurs In trade, bus
iness men seek large Increases In
credit, the federal reserve board may
be tempted to lower this reserve rat.o
so as to give them all that their am
bitious programs may require.
"They might think to themselves
‘It would not do any harm to let the
jeserve down by 5 points' and inflate
the note issue accordingly.
“This may have much the same ef
feet as if there were a government
press printing paper marks.
"Ia“t us suppose that they succumb
to the suggestion. Credit becomes
more plentiful because the ratio re
serve I* lowered. More paper dollars
s re available, so that prices rise, with
the result that a dollar note no longer
buys the old quantity of goods. In
flation sets in. with the subsequent
nemesis.
Peril* to Re Avoided.
•'Workmen demand higher wages. !
srul strikes come, with their inevitable ’
tiohsequenees of economic deadlock
end the subsequent collapse of in-1
tluatry.
"Thus the undulations of industry
Sre made more severe, whereas the
desire of everyone is to introduce a
treater stability In trading conditions
over the passage of years.
“What we want to do is to avoid
the severity of trade cycles, for every
‘pasta of artificial influence leads fur
ther away from the desired object. !
Every burst of inflalioh raises many 1
new social difficulties, and just as we
tre getting into tho comparatively
level water* after the rougii seas of
the war we naturally dread new dis
turbances which tnay arise in this
way.
“We can Ohiy hope that the hank- j
Ing authorities in the United .States j
realize the responsibility they have j
to the world In the way in which 1
they handle their gold problem.”
Election Called for
Successor to Towner
Ides Molne*. la.. Man h 30.—Hover !
nor Kendall announced today that he
would issue a proclamation soon dcsig
nating June 4 as the date for the
»p*et*l election in the Eight h eon
grssalonnl district for the election of '
a successor to Horace Mann Towner
of Corning, who resigned to become j
governor of I’orto Kloo.
Pershing to Fleljt Dedientc
Memorial Avenue in Lincoln
Lincoln. Marcli 30.—Hen. John J.
Pershing. It was announced last night,
will arrive In .Lincoln today to
spend the Easter season with his
sister, Mrs. D. M. Hutler. and Miss
May Pershing. His visit Is primarily
to take part In the dedication next
Monday of a memorial avenue.
IMtlll I I I I I I IN I I II I I I I I I ■ I ■■
: 1,000 SPECIALS |
“ 1,000 New Coats, Drosses and •
• Sails go on salo Saturday, "
2 offering values you cannot .
• afford to miss.
• *
Mrs. Vanderbilt in Movies
I I'fcfVjcQr.&ld CVgm <£ erbiit in Kcvt-ei° /*-*»-■ ||
R has just been learned that Mlrs Gloria Morgan, daughter of the"
American consul general to Rrussels, acted in minor roles in the movies lie
fore she became the bride of Reginald O. Vanderbilt, many years her senior.
This is a scene from "Enemies of Women," by limner, in which she played
the role of nurse, under the stage name of Gloria Rochelle.
Report of Naval Wage Hoard
Presented to Roosevelt
Washington March 29.—The report
of the naval wage hoard, organized to
readjust wages ih navy yards
throughout the country, has been laid
before Acting Secretary Roosevelt by
Rear Admiral Straus, the chairman.
It was understood that the recom
mendations of the board, if approved,
were not likely to become effective
before June 1. The basts of the ad
justed Scales, it wnR said, would bo
the prevailing rate i f each trade In
the community in whict the yard is
situated.
No details of-the year's findings
were made public.
Aged Couple Found Dead;
Think Man Fired House
Esthervllle, la., March 29.—Mr. and
Mrs. Ed Clausen, M and T9, respec
tively, were found dead in their home
near here late Wednesday. Clausen,
who is believed to have been inen
tally deranged, i** thought to have
sl&in his wife, set tire to the house
r.nd to have suffocated. Mrs. Clnu*
sen s body was found in the basement
badly burned. His was found in a
chair.
Auto Damaged as It Rolls
Down Hill and Hits Hoflse
Cnr belonging to Louis ft, Flock.
5021 Leavenworth street, was slain
aged Thursday when it broke from its
moorings nt Twenty-seta nth avenue
and Hurt street and rolled down a
lilll to Twenty-seventh avenue nml
fuming street, tearing down a fence
in from of 2727 Cuming street and
coming to rest against- the house
Man Goes on Trial for
Slaying of Vt oman
F. Kruger went on trial In District
Judge Stauffer's court Friday morn
ing on a charge of manslaughter in
connection with the killing or Eleanor
Matnch.
Luxury Buses
for Arizona's
Apache Trail
JNew 19-1’asseiiKPr Autos Have
i All Conveniences of Pull
man Cars—Heated in
Winter.
_ Phoenix. Aids.. March .'10,—Auto
mobile passenger transportation pass
ed into a new era in Arizona thin
week when two 19-passenger buses
were delivered to a local transporta
tion company for service between
Phoenix and the Globe Miami mining
districts.
More excitement was caused here i
when the new coaches, the last word
in the automobile industry, paraded
through tlie streets than when the
first airplane passed over Phoenix
only a few years back.
The massive cars, beautiful In de
sign and built to stand the demands
of passenger service over the moun
tainous Arizona roads, rolled along
tile streets, responding readily to the
will of their driv< rs, as thousands of
nntlw : and healtli seekers from all ,
over the United States gasped in won- j
derment. I
l.'ltslly < ontrolled.
11. It. McAbreu, manager of the j
transportation company, demonstrat
ed the rosy control, power and com- '
fort of the new buses, driving over 1
rough dirt roads and unpaved high- ]
ways. The finest Pullmans do no?
ride with any more comfort than the
new roaches that will be put into
servile between this city and the.
Globe Miami mining district.
Mottling has been overlooked in the
meehanienl and <•,instruction design of
the new cars to make auto travel,
which has gained great popularity fn
this district in last five veara, a real
pleasure. Kh rtrically lighted through- j
out, automatic signal devices, power-1
fill headlights, automatic governor lo J
regulate the speed of the engine, hot
and cold controls -- are all manlpu-;
lated from the driver’s seat, which Is i
set apnrt from the passenger’s com
partments.
Sepa ra I c Compart men! s.
One section id the coach is par
titioned off for ladies, and a smoking
morn for men in the rear. j.arge ■
roomy seats in each compartment
give llic bus every appearance <f a
massive railroad Pullman. Heaters
are in i-iii n compartment for win
ter use, and ventilators on the roof. 1
regulated by the driver, assure pas
se ngi rs’ comfort In the summer.
McAhren has regulated the gov
ernors of the four-cylinder ingine, ;
vhich develops r.o hors-power, to a
speed of 30 miles per hour. InM'ing
comfortable riding.
The new buses will eliminate the
rough stagecoaeh trip between the
Kalt River valley of Phoenix and the
mining c amp« fit Globe and Miami.
lgnace Jan Paderewski, noted
pianist, and a group of eastern • ipi
lallsts, who have been visiting Roose
velt dam and the Salt, river valley of
Arizona, were the guests of Mr
A Inert on a trip over the famous
Apache trail in the new buses and
expressed korri delight at the easy
tiding and the scenic beauty of the
mountain roads.
Two Dead, Three Injured
in <>as Plan! Explosion
Freeport, 111.. March 30.—Two dead,
three seriously Injured and a large
house demolished is the toll of an
acetylene gas plant explosion Wednes
day lilgbt on the farm of William
Wernicke, near Lena, 111. With his
wife Hnd his son, Robert, 4, dead.
Wernicke lies in a critical condition
at the home of his father, suffering
from shock, grief and'severe barns
about the hea dand arms. Lois, Wer
rticke'a <i year-old daughter, la In a
Freeport ^hospital with both legs bro
ken and other injuries, anil Wer
nicke's hired man, Howard Stabenow,
is in a serious condition at the honvg
of a Relative.
The plant was one in which gas
is manufactured from carbide and
water, gas being piped to different
rooms of the house for illuminating
purposes.
Bills for New Veterans'
Bureau Hospital Opened
Washington, March 30.—Rids lor
tlie construction near Sun Francisco
of the Livermore hospital for the vet
erans' bureau were opened yesterday
by- Director Inells, but no award was
made.
The lads, covering general construc
tion, were as follows:
It. K. McKee of El Paso. 11.0,13.700;
Mahoney Rros , Kan Francisco, $1,
723.400; Sound Construction company
of Seattle, $1,733,030; Hannah Rros.
company. Ran Francisco, $1,1103,721,
and 'Robert Frost, San Francisco, $1,
942,000.
Easter to Be Either Eair
or Unfair, Rollins AiKit-es
T'rged to tell the thousands of wait
ing otnaha girls and women whether
the weather will be all right so they
can wear their new hats and dresses,
coats and sho»s. furs and stockings
on Easter Sunday, Meteorologist Rob
ins of the weather bureau looked care
fully at the barometer, thermometer
and wind gauge and said:
"I will state that the weather on
Sunday will either !«■ fair or not fair.
1 can give more definite information
tomorrow.'*
Ko you'll have to wait, girls.
0 Something eWgw!
Now you can have
Hot Biscuits at any hour
19 for 15 cents
Fresh every day from your Grocer
HOW fast this old world
docs move' Yesterday one
had to fuss and fume over
a hot oven to produce the
light, tasty biscuits that
add so'much to any meal.
Today you have Holsum
Tea Biscuits — ready for
your table!
Just slip the big, generous
panful of 1 9 biscuits into
the oven for five minutes
and out they come—crisp,
flaky and easily the finest
food you have'tasted in
many a day.
Holsum Tea Biscuits arc
dainty enough for the aft
ernoon tea table, satisfy
ing enough for the family
dinner table. They are
rich, light and slightly
sweet. 19 for 15 cents
makes them economical
as well as delicious.
Order HOI SUM Tea fiiscuit*
today. You'll never bother
making bum its again.
' THE JAY BURNS BAKING COMPANY
In clean, white glasene bags, where
the warmth and freshness fron>
Holsum ovens linger.
Hetty Green's
Son Rejuvenated
I ii«l<Tf£ot‘» Stomach Operation
— h eels Hotter Than in
I ,*» Years.
New York, March 3fl—1 "1 Kdward
ti K, Green, son of the late Hetty
Green, cruising in Florida waters
.since he underwent the Hteinach ‘'re
juvenation'' operation last month, hn»
written friends here that lie is feeling
better than lie hud in 15 years, It was
learned today.
First news of the operation which
was declared to have been successful,
ah published in the &cw York Times
declares that C'ulonel Green spent a
week In recuperation.
Accompanied by Mrs. Green, he
then went to Florida, where he rent
ed the houseboat Pioneer after Presi
dent Hardings party had finished
with it.
Tho Times today also announced
what It describes as the "true story"
ADVERTISEMENT.
BEWARE THE
Chronic coughs and persistent colds
lead to serious lung trouble. You can
stop them now with Crc-omulsion. on
■ mu'.titled cieosoto tliat is pleasant
to take. Creomulslon is a new medical
discovery with twofold action: it
soothes and heals the inflamed mem
branes and kllU the germ.
<>f all known drugs creosote Is rec
ognized by tite medical fraternity as
the greatest healing agency for the
treatment of chronic coughs and colds
and other forma of throat and lung
troubles. Creomulslon contains in ad
dition to creosote, other healing ele
ments which soothe and heal the ]
inflame,) membranes and stop the irri- ,
tation and inflammation, while the
creosote r < s on to the stomach, is
ab oriel into the blood, attacks the
scat of the trouble and destroys the
germs that lead to consumption.
Creomulslon is guaranteed sat.s
factory in the treatment of chronic
coughs and colds, bronchia! asthma,
catarrhs! bronchitis and other forms
of throat and Jung diseases, and la
excellent for building up the system
alter colds or the flu. Money refund
' 1 if any c ugh or cold, no matter cf
how long standing, ‘is not relieved
alter taking according to directions.
.Ysk your druggist Creomulslon Co.,
Atlanta. On.
of tho operation performed on Harold
!' McCormick of Chicago, husband of
Oanna Walskn. declaring that It had
been erroneously reported that ho had
submitted to a gland transplantation
procedure. It is stated that he, too. |
was given the Stemach "rejuvena
lion” treatment under advice of Hr.
Adolph leoren*. Viennese bloodless j
surgeon. who himself had undergone I
the treatment And claimed vr
been ''rejuvenated" as a result.
Never brush dust stain* On **•'
ment* very vigorously or the mart
will be driven into the clothing. When
the eta.n i* nlwtinate. rub pure alco
hol on it with a soft rag and the
mark* will quickly disappear.
The Perfected
Footwear for Women
The smartest of street shoes are made of fine soft
kid, with flexible soles and a particularly snug
fitting arch. The stiff shank, adjustable to the
individual wearer, completes a “perfect fitting
arch shoe.”
Styles and Sizes
to Perfectly Fit Any Foot
Widths AAA to E.
Designed in a number of pleasing styles.
Black or tan kid ©Word; resi Block kid blticher oxford with
cure shank; Cuban heel. medium walkinf heel.
Black and tan kid onf-strap
© imp with Cuban heel.
'EVERYBODYS STORE"
—
$1.75
Alarm Clocks
Each 98c
BEATON DRUG CO.
15th and Farnam Sts.
$2.50
Hair Clippers
Each $1.49
Specials for Saturday and Monday
-DRUG WANTS
30c Ha! Rrite for coloring old
and new straw hats, per
bottle.10c
Easter Egg Dyes. pkg. . 5c
.".0c Coloritc.19f*
25c Carter’s Liver Pills, 14c
60c Swamp Boot . . . . 45C
30c T.avons . . . 19C
60c Milk's Emulsion . 12c
60c Scott's Emulsion . .. 12C
60c Byrup of Pepsin. . . 43C
10c Wanous Shampoo Bags,
25 c
*1.00 1 isterine 79C
1 pint Norwich Milk of Mag
nesia for . . 33c !
30 I-nxntive Bromo Quinine
for 23C
40c Castoria . 25c j
*1.00 \ ita \ im \ ca«t Tablets
for «9C
*1.10 Tanlac.94C
60c Resinol Ointment. 42C
30c Phenolax 22c
35c Krecs.one . .. 25C I
3.1c Nature’s Remedy Tablets
for. 17C
35c Sa! Hepatic* . 21C
$1.25 Lyl i Tonii 9Hf*
30c Mcmholatum -17c
# .75 Horl: k's Malted Millr.
|2,89
*1.10 Mastin'.* Vitamon Tab
lets for ... 79C
15c Florence t'astile Soap,
2 caki s for.15C
-FOR MEN
*0.00 Gillette Gold Razor and
two blades, special Ht 79c
30c Safrtee Shaving Stick
17c
30c Safetee Shaving Cream
17c
75c Rubberset Shaving Brush,
guaranteed not to shed
In istlo . each 39C
Auto Strop Razor with three
blades and strop. Saturday
only. id! for . (MC
:15c DeLiixc Shaving (’ream.
• I, il. Saturday only 19C
$1.00 Gillette Razor Blade*.—
69#
$1.00 \uto Strop Blades
H5c
* 1.00 Durham Duplex New
Razor with one blade at
your own price we will ac
cept any price you offer—
from on* r*nt u|*.
|—-CANDY
Whitman’s. Huylorfc and All#
gretti’s in Easier packages,
t-j to 5-lb. boxes.
Special, :'-lb. I owney's Ranter
Package of Honbona and
Chocolate*, per 2-lb. box,
tor . 1M.OO
in - pound Jumbo Jelly Roan*.
1. tet ;-pei ml, per lb *l)f*
75c Jordan Almonds,
per pound . . 1D(‘
$llu Original Mlegrctti
Clirn olates, Assorted'Cream,
pet pound 7r.C
-PERFUMES
Bi( Ea*ter Special*
$1.75 Djerkiss Extract,
per ounce .. .81.10
$5.50 Black Narcisse,
per ounce .84.25
$1.26 Jickey Extract.
ounce . 75C
$1.26 Locust Blossoms,
per ounce ... .49C
$1.00 White Rose Extract,
per ounce . , . 49 c
$1.25 Colgate's Lilac Extract.
per ounce. 49c
$2 00 Ideal Extract. Crown
Toilet Goods Co. of Boston
and Paris. Special, per
ounce . . 9SC
$4.00 Coty's L'Origan Fx
trart. bulk, per oa.. 81.98
$2.00 Reiser's Assorted Ex
tract*. per ounce.... 49C
-CIGARETTES
Chesterfield*, Camel*. Lucky
Strike*. 2 pkf». fbr 25C
Per carton 81.25
/—v
CIGARS
Frcih From Factory
10c Phila Rosa Concho*,
spoi l*!, 2 for . . 15c
Box of 80 . 13,50
13c Phila Rosa. Perfecto si/p.
1 for ..
Box of 50
10c F'lor <!c Intals
Bon of SO.
10c Moiart Fxcellentes, Per
t'ecto site, 4 for 30C
Bon of 50 93.35
13c Straight la Confession
fiirmr. Sat unlay, ’ f 15c
Box of 50 93.50
loc Mungo Park 5C
Ron of 50 93.35
toe Mungo Talk. 2 foi 15«*
l!-^ "f _93.50
-RUBBER GOODS
2-qt Velvet Combination Hot
Water Bottle ami Fountain
Syringe . .... 91.35
2 i|t. Velvet Hot Water Bottle
for . 90c
$5 00 1 « male Douche, $ |
r—-PHOTO DEPT.
Films developed free when
print* are ordered.
82.00 Swing Frames, site 5x7
to 7x11, special at 09c
$2.00 Loose 1 caf I rather
Photo Albums, 50 page*,
special . . H9C
-ELECTRIC
9
60c Security Heat.ng Flu?,
fits all heating appliance?
each . 29c
$1.50 Heater* Connection Set,
including socket, pluc. 6-ft.
heater cord and Security
plug, all for. 98c
$2.50 Electric Curling In n,
special at . . 81.49 I
$6.00 Ivory Handle Curling
Iron, detachable for waving,
each.83.49
$6.00 6.lb. Electric Flat Iron
with cord for 83.49
15c Fuse Flugs. any size.
each . 5C
10 to 50-Watt Edison Mazda
Lamps. 35c
-TOILET ARTICLES
The latest and most popular
#2.00 Goutorbe's t combina
tion Uougo and Powd»rf
new shades. Begonia and
Orange, in gold or gunmetal
hinged b> xcs. spl . $1.25
60e Goutorbe's Rouge, new
shades. Begonia and Orange,
in gold box. f. r 39*
$1.50 Goutorbe's Face F wder
for SIS*
$1.25 Piver's Far Powder,
I-aTreflo or Asurea. each
7Hr
50c Picric>s t'vcam 320
50c IV mo Tooth Paste, 33*
05c K.'tex Sanitary Napkins
t 12*
25c' Got. Peroxide Hydrogen
for lOr
$1.00 Q Ban Ha; T 79*
"IV Resc'o’ S ,ci 21*
50c Emulsion cf > »r.ut OH
shampoo 39f*
50c Pepsodent T !h Paste
for 36*
#1.10 Pyi s. t to teeth and
ns . 59* ;
75c Stnoomb keeps the hair in
place 51*
50c Hair ilrvoro . 13*
$1.50 \ an V *.« Hair Grower
f #1.39
60c P.'erklss Rouge . 31*
$1.50 t'oty's L’Origan Face
Powder . ... 79*
35e 5 outh Craft Tooth Paste
<'"r.. 16*
Frank’s I onion Facial
»'«<* •#1.39
Mail order# rece v* prompt at
tention. Add 5 cents on the
dollar to cover packing and
postage
