The Omaha morning bee. (Omaha [Neb.]) 1922-1927, July 03, 1923, CITY EDITION, Page 6, Image 6

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    The Morning Bee
M O R N I N G—E V E N I N G—S U N D A Y
THE'BEE PUBLISHING CO.. Pohllshera.
MEMBER OF THE ASSOCIATED PRESS
The Associated Press, of which The Bee Is e member. Is flduiivelT
entitled to the uae for republicatiun of alt news dispatches credited to U or
not otherwise credited tn thla paper, amt also the local news published
herein. All rights of republlcatlone of our special dispatches are also reserved.
BEE TELEPHONES '
Privata Branch Exchange. Ask for the Department AT lantic
or Person Wanted. For Night Calls After 10 P. M.: i nnn
Editorial Department. AT lantic 1021 or 1042. ,wv
OFFICES
Bain Office—17th and Farnam
Co. Bluffa - • - IS Scott St. So. Sid*. N. W. Cor. 24th and N
New York—286 Fifth Avenue
Washington - 422 Star Bldg. Chicago - - 1720 Stcger Bldg.
WINGS ON THEIR FEARS.
Franc* fears Germany, and England fears
France. Fears and distrusts. That is the stuff out
of which wars are made.
As part of its general European policy, France
has built up an immense military air force. More
than anything else, the existence of these 140 air
squadron* has alarmed the British government. The
great French army could never be landed on the
shores of the British isles, and the British fleets could
make short work of the Gallic navy, but in the air
Britain feels itself vulnerable.
Lord Sydenham, discussing French Tuperiority in
air armament, says that “in circumstances easily
imagined a war could be begun and quickly ended
by air force alone.” To this Lord Birkenhead has
added the startling statement:
“France could destroy London and almost every
other great center of population tomorrow if she
wished.” x
It is difficult for Americans to understand how
allies as faithful in the late war as these two Euro
pean nations could now be so utterly lacking in mu
tual trust and friendship. Yet the history of the
continent is filled with just such reverses of senti
ment and regrouping of powers.
So w* find Premier Baldwin announcing in par
liament that a home defense air force will be es
tablished to meet the strongest enemy within strik
ing distance. This is only a beginning, for Great
Britain will not rest content until it has a force ex
celling that of France.
It is a melancholy fact that the League of Na
tions, which was to remove all the causes of inter
national friction, has done nothing to calm uneasy
Europe. More striking is the declaration of Premier
Baldwin that the British government would co
operate with other governments in limiting air arm
ament along the lines followed at the Washington
conference for the limitation of armament.
The Washington conference dealt almost en
tirely with the subject of warships. France, it will
be recalled, objected to any consideration of land
forces, submarines and aircraft. Yet there are
many who predict that the next war will be fought
in the air. Already a group of international jurists
gathered at The Hague have submitted a tentative
code which would forbid the aerial bombardment
of town*-except under certain circumstances. This,
however, would accomplish nothing toward halting
the costly and dangerous competition in air navies.
It would not be surprising if the United States
should Had it possible or necessary in the near fu
ture to call another disarmament conference to deal
with this problem.
SHELBY HOLDS THE STAGE.
All eyes are turned on Shelby, Mont., just at this
moment. It does not matter that the proceedings
up there may be the most momentous or the least,
whether of consequence or not, as one may estimate
them in his own personal view—everybody is watch
ing for the outcome. Jack Dempsey and Tommy
Gibbons are professional pugilists, of no real service
in any sense of the word, yet the world is watching
them. Rival press agencies are vieing with each
other to get out word from the training camps;
great newspapers have made elaborate preparations
to give the “news” of the event, and certain hours
on Wednesday will be strenuously, hectically active,
that the public may be informed which of the two
bruisers has conquered.
Here is a study in human nature that should in
terest anyone. Just what is there in man’s makeup
thftt responds to the call of a combat between two
gladiators? Civilization bas hidden the savage under
a deep layer of good manners, of mental training,
that teaches us to abhor such exhibitions. Yet the
minute a champion steps into view all the moral
perceptions, all the ethical training, all the inherited
polish of generations, drops awaV, and the primitive
asserts itself once more. No amount of self-decep
tion will entire remove our concern when heavy
weights engage in a trial of strength and fistic skill.
Call it what you will, all classes of people arc
pnxious for word from. Shelby. The Omaha Bee,
in common with other enterprising newspapers, has
made'ample plans for getting the first and best
news from there, ami v*| not disappoint its readers.
Jack Dempsey may add another hollow victory to his
list; he may be toppled from the throne, but what
ever the news that comes out from Shelby, this
paper will be the first to tell it in Omaha.
STRATEGY ON THE FARM.
All sorts of advice has been given the farmer,
most of which he has not taken, and numerous de
vices and plans for his salvation suggested, most of
which he has not followed. A conclusion warranted
by this is that the farmer feels competent to man
age his own affairs, in his own way, a justifiable at
titude. Now and then some one comes forward with
sn intensely practical idea, and gains a hearing be
cause of its worth. Few of these are novel, and^
most of them take the form of restricting or con
trolling output for the purpose of helping prices.
jine of the latest is from a wealthy land owner
in Kansas, Mrs. Fannie Shriver of Harper, who has
notified the tenants of her farms that she will let
them have the land rent free for one year, on con
dition that they do not market any of the produce.
They may raise any crops they wish, and all will
belong to them, on condition that none, of the crops
■ are sold this year. She reasons that the farmers
can produce all they need to live on, and by holding
the remainder of what they raise will be in a posi
tion to go onto the market when conditions are
more favorable and secure a profit for themselves
beyond any now possible.
Mrs. Shriver is making considerable sacrifice to
demonstrate her opinion that an era of prosperity
is coming. She foregoes any share she might have
In the return from her farms in order to encourage
the men who are renting from her to help them
selves by holding their crops for better prices.
Farmers have often been advised to do this, but
here is one of the very few, if not the sole, occasion
where the tenant farmer has been given actual help
that he might follow the suggestion. A future re
port on the outcome will be intcreating.
■
FACTORIES AMID THE FIELDS.
At numerous places about Nebraska hydro-elec
tric plants are being established. A survey is now
being made near Beatrice for a new dam and power
house to be used in running a flour mill. Other
plants already exist along the Blue, Republic, Platte,
Loup and Niobrara rivers. Most,of the power thus
created is used for lighting purposes, and there are
almost 100 towns supplied with electricity by this
means, besides a growing number of farmsteads.
Just what this development of water power will
lead to is for the future to show. Should any great
amount of current be produced, at cheap rates, the
establishment of numerous industries might be ex
pected in many Nebraska towns.
This is in line with the prediction recently made
by Thomas A. Edison. Believing that in the very
rear future all the streams in the country will be
used for manufacturing, he advances the sugges
tion that small mills and factories be set up in the
rural districts to supply local needs. By such means
employment would be provided for farm labor
which in the grain raising sections has little to do
during certain seasons of the year. This is the way
in which he explains his idea of locating factories
in the country districts instead of in the congested
cities:
“My plan would he to place factories In centers
where there would probably be from 100 to 200
farms. I would utilize the labor from these farms
for nine months of the year and close down for the
other three. It is the greatest thing I have ever
heard of. If it were carried out all over the United
States it would add 7,000,000 workmen, and they
would all be working at home. Probably the most
important result would be that the population of
the country would gradually gravitate to the coun
try. and this is the nation's most dire need. Urban
population is a curse. Jt is an enormous loss to
the country to have farm people doing nothing for
the better part of the year, and yet they are sit
uated in such a way that they can not do other
wise."
There is today hideous waste in transporting
raw materials across the continent to be reftned and
shipned back thousands of miles as finished prod
ucts.' High freight rates are doubly oppressive
through this system of industry. Life would be
much cheaper and simpler anR healthier if the
dream of Edison came true. The income of the
farmers would be increased by providing industrial
work during the slack winter months, the drift from
the farm would be stopped and the vast vacant
spaces of the interior would begin to fill up.
That is what cheap power in the rural districts
could do. With no coal beds anywhere within the
state, water power is the only possible means by
which extensive manufacturing could be built up in
Nebraska. Those towns do not realize how for
tunate they are and what possibilities the future
may hold where hydro-electric power my be se
cured.
A REAL HOME TOWN.
A very excellent standard by wnich tf measure
the material worth of a city is its homes. A good
way to determine the quality of the homes is by
ownership. Omaha will meet either of these tests
well.
Local building and loan associations made their
mid-year statements on Saturday, with a showing
that is impressive. Sixty-eight million, four hun
dred thousand dollars is the eloquent voice with which
they speak, that being the total of their resources.
What are they doing with this money? One with
total resources of $12,111,594, reports loans of
$10,342,000 on real estate; another, with resources
of $1,026,306, reports loans of $994,870, and so it
goes. About nine dollars out of every ten is em
ployed in building. What? Homes in Omaha.
White co-operation is being recommended as a
remedy for all the economic ills that beset the
farmer and the worker, here is a practical exhibition
of applied co-operation. These dollars didn’t just
happen to get together. Men and women worked
.and saved, and when they drew their pay, they put
e designated part of it into the “building and loan.”
Soon they got enough to make a start, and then
the association financed the rest, and they put up
a home. Month after month they went on, pay
ing into the loan fund, and presently, long before
they realized the end of the road had been reached,
the home was paid for.
Meanwhile, the interest they paid on the money
they borrowed was accumulating to help someone
else, and other homes were being built. No dollar
that gets into the fund of a building and loan asso
ciation ever rusts. It is a lively dollar, and is kept
at work. Jhousands of homes house happy families,
not in Omaha alone, but all over the United State*,
because the building and loan associations exist.
In Nebraska these institutions are under a well
rounded law. which encourages thrift and protects
investments, and makes it possible for the man of
limited means to get a start in the world. No other
feature of our social life is more commendable.
The Chicago bandits who stole the payroll, the
car fare and gum money from the clerks, and a
package of cigarets from the boss, had the merit of
thoroughness in their work.
America is the on^country on earth that people
from all others try to get into.
I
Blue-eyed, hrown-haired hoys make the best
farm hands, also the fewest.
Reckless men continue to knock the pleasure out
of Sunday driving.
Harvest fields are calling for hand*
Shelby’s story aoon will be told.
Homespun Verse
—By Omaha'* Own IWI—
Robert Worthington Davie
THE FLOWERS.
My winter dream of flower* lm* finally come tiue;
The honeyauckle grace* my garden, while th* r.>*e
It* sublime aweetnes* ofTet*. and violet* of blue
Henenth the balmy amiahlne Ihelr modealy dlacloae:
Here lie* the nobleel virtue an life might be expr***ed—
The flower* and the beauty they aoulfully auggeet.
An Ivy vine expoaea lla foliage today,
The woodbine la It* euual nod reaehe* grandly up.
While hugging fondly, tenderly the gra** enamored day
With allant adoration Hie lowly buttereup
Survey* With mute enjoyment thla find dealgned array.
And tremble* In lla laughter when the gentle zephyr*
play,
Thla I* a allenl language we cannot comprehend
Mule heckonlnga unfgthomed that acirnce may not
U now;
Here alecpa the *oul of beauty the friendship of a
friend
I’eraoinfled to lea, h II* 111" rightful way to go
And yet *o often \nliily we lie,id I he path uf our*
A* haughty «a a monardh, t>ut humbler than ihe
flower*. e |
a
Spain wa* n«*ar to Amorlra rv«n m
far away r* 1871; the continual up
heaval* by which the empire In
America wil broken up the prospect
of war over Cuba, which was to
come 25 years later, all *er*’*-d to
keep American* Interested. It l*
wort# while to read thin editorial
from Mr. Rosewater, printed on Fsb
luary 12, 1873; ,
••THE CRISIS IN SPAIN.”
"The cuble brings us the startling
intelligence from Spain that King
Amadeus, tirr-d of the unceasing po
litical conflict with his immediate ad
visers. proposes to abdicate the crown,
which hut a few years ago was forci
bly wrenched off the head of the
voluptuous Isabella. When, a little
over two years ago, immediately after
Napoleon had surrendered his sword
to Emperor William at Sedan, Ama
deus, nn inexperienced youth of royal
Italian blood, accepted the Invitation
of the Spanish nobility to sit upon the
throne of Castile.and Arragnn, once oc
cupied by the mighty Ferdinand, and
the mightier Philip, the world ex
pected. with good reason, Rn early
repetition of the tragic history of Max
imillian, whose fatal ambition was
paid for with his life, upon the bloody
field of Queretaro.
"That Amadeus has found life upon
the Spanish throne more replete with
thorns than roses any one acquainted
with the history of his brief and event
ful reign will readily acknowledge. Ills
repeated escapes from the knife and
bullet of the assassin, the numerous
revolutionary attempts of the Carlisle
and republicans, and the ceaseless dis
cord In the eortes, and want of har
mony in the cabinet, would try the
nerves of braver rulers and abler
statesmen than Amadeus. Without a
counsellor like Rlsmarck. Reust or fa
vour. without a general like Molke.
Sherman or .McMahon, without any of
the mental props that often make
mighty rulers of Inferior kings. Ama
deus has no douht the very best of
reasons for wishing himself back to
the court of Rome, where his father.
Victor Emanuel, could at least make
life agreeable and comfortable for him.
There may, however, be an entirely
different design in this sudden volun
tary abdication. Like Louis Napoleon,
"ho repeatedly tried the experiment
with marked success, Amadeus may
desire jo rekindle a certain amount
of popular sympathy and enthusiasm
among his Hpartlsh subjects by this
strategic step, and, appealing to their
vanity and credulity, obtain a popular
endorsement In the shape of a
plebiscite.
■ There Is much risk sttached to
such a procedure, as the government
can readily manipulate th* election,
even with much greater certainty
than could ariv party in power in this
country. Taking this view of the mat
ter. thia pompous abdication may turn
out to mean nothing more or less
than a ruse to secure more domestic
tranquility.”
Center Shots
That offer of a hliltnn for the mer
chant ships sounded flshy, anyway.
Who would want a hunch of ships ir
he had $1.000.000.000!— Baltimore Sun.
Many of our troubles may begin
with the stomach lining, as that doc
tor says: but more of them begin with
the brake linings.—Indianapolis Star.
If Germany paid a cent every time
a new reparations plan was proposed,
the hill would soon bA cleaned up.—
Worceater Telegram.
The Rrooklyn bridge I* forty year*
old That's quit# a span—Dayton
News.
The world waits fOr Burbank to
perfect a lawn grass that will gross
evenly and cheerfully to n certain
length and then stop.—South Rend
Tribune.
This I* the month when church
Janitors get their rice supply for an
oilier year.—Jackaon (MJch.l Citlr.cn
Patriot.
Most people go In the same place on
l heir vacation, and that's broke —
Lansing Stale Journal.
We know but two men who always
look on the bright side. On# thinks
he Is Napoleon and the other thinks
he is a buttfrflly—Akron Beacon
Journal.
Imports up: exports up. production
up, employment up; prosperity up: the
jig is up for the calamity howlers,
aiul the demorratie p.irtv remain* on
Its uppers.—Providence (It. I.) Record
Diner (perusing his Mill—Do you
maks any reduction for those in the
ciine linn of business? Restaurateur—
Certainly. Are you n restaurant pro
prietor? Diner—No; I'm s robber—
Punch.
Daily Prayer
° pralsa th* Lord nil y* nation prala#
Him. all ym paople. For Ilia tnrrilful kin-1
nran la *rf»t tn*ar<t un and tha truth
of tho «*n<|in *-* h for nvar, Praia* yn
i ha Lord —f*n. II? (inmplntn >
Almighty God. our Father, do Thou
•crept auch acknofvjedgnient. devo
tion and worship ns we, with nil our
limitation* are nhU* to bring to Thee.
Thou knowest that some of u». with
the utmost willingness. cannot sppre
hend Thee at nil *< cording it* accepted
Miandimla. Thou knoweat that some
of Thy moat devoted children do most
fearfully misapprehend Thee, The
bent of Thy chlldien the world over
do but nr# Thee a* in a mirror darkly.
Therefore, we pray that Thou wilt
save u* from any pride of spiritual
aristocracy, and help ua to help each
other toward the light Have its from
contempt and bitterness toward those
whose eye of faith 1* not focused like
ours, and save those of us who can*
n«*t ser *t all from misjudging those
who can see Thmi hast compelled
no man to acknowledge 'i hen. but liv
Thy food providence* and gracious!
mercies Tlmu are drawing all men
unto Tliy«eIf Ma.\ we, Th> children,
g«» and do likewise; con»p< lling no
man. !>v sneer or lay f«m and win.
mng all men by love amt by sincerity.
A men.
OROnUi; W col.KMAN
ftoalen, Mhm^
“THE PEOPLE’S VOICE”
editorial from renders of Tho Mornlni Bm. Raiders of Tho Mornlni Boo
oro Invited to au this column freely for eipreieioA
* on matters of public Interest.
A Democrat Rebukes Bryan.
Omaha.—To the Kditor of The
Omaha Bee: I have asked Governor
Bryan to withdraw my name from
consideration for the office of Insur
ance commissioner.
In explanation of my withdrawal I
give the following reasons. I believe
they express the sentiments and feel
ing of thousands of democrats in this
slate, who are, to my personal knowl
edge, completely disgusted with the
way the present governor is handling
the many serious problems In the ex
ecutive office. Almost every hour of
the day 1 have some one say to me:
"Is the governor ever going to start
the state's administrative machinery?"
Reviewing the last six months of
what haas happened at I-Incoln, one
feels ashamed of ever having been a
a democrat in state politics. The thrill
the governor received, in the tre
mendous vote given, not to him, but
as a protest to high taxes, war hys
teria and particularly the record of
his opponent, Mr. Randall, on many
vital subjects affecting the rights and
liberties of the people, has caused him
to get “into the air" and he has not
had his feet on the ground since, ltad
Adam MrMullen of Beatrice received
the nomination on the republican
ticket he would likely have been in the
governor's chair today, with the
state s business being transacted with
some efficiency and dispatch.
Governor Bryan fails utterly to se
riously- consider that the people of
this state gave hint a republican house
and senate to help him to rare for the
affairs of the commonwealth. If the
people really wanted the code bill re
pealed why did they not give the leg
Islative branch the mandate that the
governor claims was given to him?
Governor S. R. McKelvie was at
least courteous to hts supporter* and
loyal friend* in considering them In
the conduct of the affairs of his of
fice. he In every case showed that
there were others besides himself
necessary to make the administration
successful. One was then able to re
ceive some sort of satisfaction when
a subject was presented and McKelvie
did give an answer, yes or no. and did
not follow the plan of a squirrel In a
cage. McKelvie did not assume the
"autocratic power" the present gov
ernor has already shown.
Governor Bryan seems to have the
unfortunate opinion hat the voters of
this state have entrusted him to guard
every clip. pefT point. Ink, bottle, etc..
Instead of seeking to give the people
relief from the ultra serious economic
problems of the farmer, wage earner
and business man. Governor Bryan
should have shown a more co-opera
tive spirit with the last legislature,
which was ever willing to lessen the
burden to the people, but he made It
a partisan i«sue, and that Is what the
conclusion had to be. the taxpayers
paying for the "big party" held at
Lincoln last winter for many months.
Governor Bryan's experience in
public life has been so limited within
the pages of his brother's newspaper
and in the city hall at Lincoln, that
his views on major subjects cause him
to be selfish and opinionated, preclud
ing every possible opportunity for the
oqjislderation of suggestion*. Much
comment Is heard from nearly every
one to the effect that "the Job Is too
big for him.”
It w-as strongly rumored during the
rampangn that he had betrayed the
Hitchcock faction for the support of
the progressive party and It Is a
known fact that one K C. Knudson,
Genoa banker, now secretary of he
department of trade and commerce,
an unfaithful progressive, was in
close touch With him at Lincoln dur
ing the campaign, telling him of the
movements and plans of the partv he
was not loyal to.
Many democrats will be In eonsid
enable doubt of hint as an assumed
party leader. When he comes before
the people at the next primary as its
senatorial candidate to succeed Sena
tor Norris. I predict that the real demo
crat* of the state will turn a cold
shoulder or enter a violent protest
against him He Is already grooming
himself f,,r hi* proposed trip (o Wash
ington. which he will have to forego,
because the voters are not going to
concur with hi* plans.
In his appointments, already made,
none of which could not have been
made at the time he assumed office,
he has been guided largely by his
persona!. selfish preference and
rrealed himself many bitter contests
for the different office*.
I predict that in the labor depart
ment much feeling W'il! exist among
injured workmen, due to the lark of
help In handling disputed cases on
award* of compensation. It Is sad in
deed to have this Important depart
inent so seriously crippled and dlsor
ganlzed due to lack of foresight on
the part of the governor.
The member* of the American
Legion In this locality are not going
to he at all pleased if the boxing law.1
which they sponsored and agreed to
keep clean. Is pur under the direction
of the game warden.
Considerable pressure was brought
to bear to have Thomas Carroll, who
wanted to resign, to retain hl« duties
as chief law enforcement officer. In
order not to emharrasa the governor
Governor Bryan has so far failed
to satisfy most of his supporters: how
ever. It Is not too late io get into
action before his term expires
HARRY K EASTON
\ .Minister on Pelltlrs
Omaha —To l he Editor of The
Omaha Roc: The other day 1 re
ceived an anonymous letter m which
the writer said
"1 think It would be much wiser
for the ministers of Omaha to pay j
more attention to their religious and
church affairs end less to politics
"If von wish to mix In politics, why
not resign from the pulpit and take!
it up wholly? I am sure many other
citizens of Omaha would appreciate
your confining yourself to ymu own
vn'Ait Ion "
I am taking these remarks ns- the
text foi s little set moil to my anony
mous friend
In the first place. I believe It ts the
privilege and dutv of every American
to take a lively Interest In the admin
Istratton of our country, our state and
____
NET AVERAGE
CIRCULATION
for MAY, 1923, of
THE OMAHA BEE
Daily.7fl,181
Sunday. 80,206
Do#* not Include returns, left
o\er*. templet or papers spoiled In
printing and Includes no special
sales
B. BREWER, Cm, Mgr.
V. A. BRIDGE, Clr. Mgr.
Suhstrthed and sworn to before me
this 2d day of June, 1023
W If QUIVF.Y,
I Seel) Notary Public
our towns. By being a preacher I
am not renouncing my right to free
thought and free speech in these mat
ters. X have no sympathy with the
idea that leaders of Christian ^hought
ought to leave ail political action to
professional politicians and to wire
pullers who work for the pocket* of
special interests.
Jn the second place, the minister
who raises his voice for good city and
national government has an example
of the prophets of old for his support.
Moses was not only a preacher and a
prophet, ho was also a politician. Ho
was Samuel. Ho was Nathan, the
preacher, before whom even King
David trembled. So was Elijah, who
called his king a thief and a mur
derer Ho was Isaiah, who fought
against the partisan* of Assyria at
Jerusalem. Ho was Jeremiah, who
was called a slacker, because he op
posed the war against Babylonia. Ho
was Ezra. Ho was John the Baptist,
who was jailed and beheaded because
he mixed in politics. And, mind you,
John was praised for hts stand by
Jesus.
And in every century religious lead
ers with backbone have not been back
ward in grappling with the political
evils of their times. Think of
Chrysostom, of Ambrose, of Bernhard
of Clairveaux, of Wycliff In England,
of John Buss In Bohemia, of Havano
rola in Italy, of i.uther in Germany,
of John Knox in Scotland.
I find that most folks who "holler'’
about preachers taking too much in
terest in politics are people whose
sympathies are with the "tough” els
nient in town. My good friend does
not need to put this shoe on if it does
not (It him there are plenty others
whom it w ill fit. iluring the last elec
tion the ministers were ripped up tne
hack for opposing the election of a
slate dictated by the gambling and
drinking element and by big corpora
tions with special favorg to seek. The
opponents of the ministers got their
wish, thanks to the credulity of half
of the church people. The result ha*
been an administration that has been
notoriously easy on those gamblers
and bootleggers who helped to bring
about its election. The time has now
' ome to play the same game over and
to denounce ministers who dare /to
open their mouths for the strict and
impartial maintenance of law and
order.
Dan Butler may not be an angel,
but he has at least had sand enough
tn defy the crowd who. if reports are
true, still take their orders from a
clique of powerful corporations and
from the uncrowned kinir of the
gambling and bootlegt-ing fraternity.
ALBERT KUHN.
Pastor Bethany Presbyterian Church
For a Desert Island.
For our own part," say* an Arkan
*as paper, discussing the best 10
book* to have on a desert Island, "we
should include a hymnal. We have
always wanted to sing, and a desert
Isle i* the only place where we could
get away with it.'—Boston Transcript.
“From State and
-Nation”
Editorials from other
newspapers.
Florida’* Bid to Wealth.
From the St. Paul Pioneer PreM.
Do not be In too great haste to emi
grate to Florida if you chance to
have great wealth or largo income.
There may be a catch in It. The re
cent legislature of that state has sub
mitted to the voters a constitutional
amendment prohibiting for 25 years
the levying of any income or Inher
itance tax upon a citizen of the state.
It la quite possible that the legisla
tive solons have seen the evils of
over taxation on those lines and are
holding out an inducement to capital
to go to Florida and put Itself out in
investment without the dread of hav
ing all of the profits taxed away. Oreat
fortunes also may be transmitted to
heirs without handing over a generous
slice to the state. Perhaps Florida
has heard of Wisconsin and hopes to
attract some of the capital the latter
state wants to drive out under the
lash of taxes. Something may be said
in support of the theory that the
more capital is encouraged to develop
business the greater will be the ulti
mate tax collections and fatter the
puv checks of the employed. But
there may be some other motive af
work in Florida. Capital accumula*
Mon for production I* admirable—if
there is no catch In It. It i»ems too
altruistic to be genuine.
A Presidential Questionnaire.
From the Memphis Commercial Appeal.
Educational qualifications would be
sure to play an important part in a
presidential election that iocludcd Mr.
Ford as one of the candidates, and on
this point he is no stronger than his
dear friend. Thomas A. Edison. For
the latter, however, it must be said
that he has been much more assertive
and courageous than Mr. Ford con
cerning his educational limitations.
Mr. Edison on several occasions has
very fearlessly but very foolishly at
tacked the value of collegiate educa
tion because some college graduates
were unable to answer offhand and In
toto a list of questions formulated by
the inventor. Now. If Mr. Ford should
be a candidate, we may be sure a
questionnaire woukj be propounded to
all candidates as a basis for testing
their presidential qualifications. These
questions. In all likelihood, would take
a wide range, hut some of them would
bo something similar to these:
Was Washington a person, or is it
merely the name of a town?
Is Thomas Jefferson's place in his
tory hased more on his ability to play
pinochle than to hunt foxes?
Is Uncle Sam a Janitor in the capi
tol building or a pawnbroker who
loans money at Interest to a govern
ment that can make money?
Why should not doctors instead of
Judges be the guardians of the Amer
ican constitution?
Does the president preside over ex
ecutive sessions of the senate?
Why should a war in which the
Abe Martin
Mrs. Lafe Bud’s rna^d has only
been with her three years an’ al
ready she knows enougn not t’ fill
th’ water glasses too full. No won
der th’ feller that starts th’ day
with a smile is an optimist.
Copyright. IKS.
participants killed friends and neigh
bors b»> called a civil war?
Are there player and salary limits
in the League of Nations?
With so many bandits in China,
why should they want the open door
over there?
Would the standardization of labor
in the government departments re
duce expenses and eliminate recurring
deficits?
The«e are a few of the many obvious
interrogations that might be put to
the candidates for the presidency in
the event of Mr. Ford being one. It*
might be argued that the nat|on
should safeguard the guiding of all
of Its executive affairs as much as it
does the running of its second and
third-class postoffices. Examinations
tre required as to fitness to sell
stamps, issue money orders and such
like, and an examination for presiden
tial fitness might not be unfit. We
should imagine that an average of at
least 70 per rent would be required
of all candidates answering the presi
dential questionnaire.
HAVE The Omaha
Morning Bee or The
Evening Bee mailed to you
when on your vacation.
Phone AT lantic 1000,
Circulation Department.
The 65th Semi-Annual Statement of
The Conservative Savings and Loan Association
of Omaha, Nebraska
July 1, 1923
#
This Association hold* in TRUST the FUNDS represented by shares
' owned by 27.500 Saving and Borrowing members, each share hav
ing received credit for its portion of the semi-annual dividends of
earnings made today. July 1. *
These FUNDS IN TRUST amount to.$19,o02,949.97
As added security for the savings of all shareholders a RESERVE
FUND has been accumulated under provision and requirement
of the State Law by setting aside not less than 51 of the net earn
ings each year. THIS RESERVE FUND recognized as a constant
source of strength and security is growing at the rate of
$50,000.00 per year and today amounts to. 775.000.00
After crediting the dividends to all shares and transferring the
- amount required to the RESERVE FUND there is left a balance
of undistributed earnings or UNDIVIDED PROFITS of. 23,919 27
Balance to be disbursed on loans for new construction, purchase of
homes, etc. 357,005.24
TOTAL FUNDS .$20,658,874.48
To protect these funds we have the first-class securities listed at follows:
CASH ON HAND and in Banks.$ 528,586.16
U. S. GOVERNMENT BONDS, Treasury Notes, and
Federal Land Bank Bonds (immediately con
vertible into cash) . 1,017,708.50
NEBRASKA MUNICIPAL BONDS AND WARRANTS,
(These are readily convertible into cash) . 351.228.08
Total cash and cash securities .$ 1,897,522.74
FIRST MORTGAGE LOANS ON IMPROVED CITY AND FARM
PROPERTIES. There is $4,008,450.00 loaned on highly produc
tive farms in Eastern Nebraska. There is $14,079,560.00
loaned in Omaha on homes occupied principally by owners and
on business properties. Under our monthly payment plan, a
payment of interest and a portion of the principal, the pay
ments regularly reduce the amount owed by the borrower and
proportionately increase the security held for every loan. Ample
fire and tornado insurance is^lield as collateral with each loan.
These loans are carefully selected and *onservatively placed.
Every borrower U, and hat been since April 1, 1917, paying in
taraet at the rata of eia par cent. Jotal Real Estate Mortgages . 18,088.010.00
ACCRUED INTEREST due from Borrowers properly secured. 22,252.34
LOANS IN PROCESS OF FORECLOSURE . 36,050.97
REAL ESTATE AND SALES ON CONTRACT. These represent vari
ous properties acquired by the Association and held or sold on
contract . 130,368.85
STOCK LOANS made to our saving members upon their books as
security .*... 163,669.53
OFFICE BUILDING AND LOT. Present home of the Association,
1614 Harney St., three story office building, covering entire lot
(44x132 feet), while valued considerably higher is carried on our
books at .a. 81,000.00 •
FUTURE HOME OF ASSOCIATION at the N. W. corner of 18th
and Farnam Sts. (182x132 feet.) This most valuable corner is
a quarter of a (Tty Block and has been acquired for the future
home of our Association. This property has enhanced greatly in
value since purchase hy u* at a cost of . .. 240.000.00
TOTAL RESOURCES .$20,658.874746
Wr invite you to avail yourself of the services of our Association for the av
rumulating of your savings and the borrowing of funds upon Real Estate Security.
Officers end Directors
Paul W. Kuhns. President
Kdgar A. Baird, Vice President
.lames A. Lyons, Secretary
J. Herbert McMillan, Treasurer
William Baird
Randall K. Brown
t'harlc* (’. George
J. A. Sunderland
K. A. Benson
Robert Dempster
John K Donley. Aast, Secretary
t lark \\. Carnaby, Ant, Secretary
I-aw ranee K. Johnson. Mgr. In*. Dept
l.ester R. Sloftecker, Office Attorney
Hymn R Hastings
H. A. Thompson
C, M, \\ slholm
A \Y. Bo'vman
John F. Flack
J. C. Kobinson
Office 1614 Harney Street. Omaha, Nebraska
South Suit Office. Hrattijr Hrethers. 4*o& South 24th st