This Year s Crop to Decide Fate of Farm Section Larger Quantity Productions and Increased Yield Per Acre Will Be Aim of Farmers. West Point, Neb., Feb. 17.—Cuming county fanners and agriculturists of this section of the state in general are planning on a bumper crop and livestock production during the 1924 season. Undaunted by the somewhat unfa vorable market conditions, the farm ers will, by hard work and the prac tice of many economies, strive to make the financial balance again awing decidedly in their favor. Hopes and fortunes await the out come of this year’s crop in Nebraska, for the outcome will decide the eco nomic fate of the agricultural section for the better or for the worse. The fanner, who plays the leading role In the "Stern Realities of 1924" is out to win. He is aided by a mental acumen made sharp by his experience of the last seven years in tasting the cup of prosperity and draining the dregs of a real depression in his busi ness. larger Yields Per Acre. Not only will the agriculturalists, who are the backbone of this state, make supreme efforts to secure larger quantity productions, but they also wifi endeavor to raise the crop yields per acre. If the market ij not all that tho farmer can desire, there remains only ons way out of the dilemma—larger yields per acre and, perhaps, a great er crop diversification. While there Is no real authority for the assumptions that hog raising dur ing the coming season will be not as extensive as last year. It might be reasonable to expect that such will be the case. There Is a growing tendency to fa vor cattle raieing, as the cattle mar ket seems to be on a much firmer basis than Is the swine market. The sentiment in favor of the cattle rais ing doubtlessly will lead many farm ers to shift their livestock production from hogs to cattle, except, of course, in the cases of the purbred breeders, for their market Is always more or le.ss constant. Corn* Big Crop. Corn Is certain to bo a big crop pro viding that ths weather conditions are favorable. There Is one branch of the farm that If augmented enough will pro duce a panacea for agricultural Ills. Dairying provides th# way In no un certain terms. A consideration of the market val ue* of a number of th* most Import ant crops and livestock productions for the last 20 year* In this aectlon of th* state may give some Illuminating material. Th* crops, livestock and th* gen eral market that Is considered In cludes corn, wheat, oats, hogs, eggs SAd butter. It previously has been pointed out that th* raising of cattle today la a profitable industry. Th* markets of West Point. Wis ner, Lyons, Oakland and Hooper will serve as sources of information. In 1904 the market was: Wheat, 52c; oats, 33c: eggs, 25c; hogs, $4.60; com, 31c, and butter, 13c. Totaling the units of sale of these commodities, the aggregate worth of th* Items listed is $6.24. Crop Value Slumps. In 1HJ4 In ths same markets, wheat was bringing 74c per bushel; oats, 33c; com, 63c; eggs, 24o per dozen; hogs, $3 per hundredweight: butter, 18c per pound. The aggregate worth of the units of sale In this year was $10.02. Today, this same market Is quoting wheat at 83c; oata, 40c; eggs, 27c; hogs, $5.95; corn, 64c, and butter, S5c. The sum total of the various units this year is $8.44. This is only 13 per cent higher than 20 yejirs ago and II per cent lower than 10 years ago. Taking the markets of these staple products into consideration, along with the cost of the living maintained on Nebraska farma today, It will be seen that th* farmer's average crop of today Is not worth as much as the average crop of 10 years ago, or 20 7*ara ego! The farmer's first reply to the above mentioned fact# Is simple and la easily comprehendible. He will, by sheer force, produce larger crops and get larger yields per acre. If he can accomplish these two things he will receive some economlq amelioration from the wedge of prices, which un fortunately Insist* that the farmer atep lively and keepihls wits about him, or go under, f It will be seen from th* etatlstlcs that corn, butter and eggs are bet ter than ever before, as far as prices are concerned. This means, therefore, that these products will be heavily patronized on the market this year. There is on* very Important item that has been omitted from the data apd that on* Item Is cream. There was not enough cream sold 20, or 10 years ago to give this valuable com modity space In the market reports. Will old bossy cow turn the tables In favor of the farmer? It begins to look as though "dairy products" Is ths trump card that completes the farmer’s band In his game against an alleged economic complex of a glutted market thnt haa nagged th* farmers of this section for the last several years. Creameries ara Itching to pay cash checks for cream, poultry and butter. Counting eggs, this makes a fourfold source of safe, secure and constant revenue for the agriculturlat. The farmer who today builds up a dairy, a good one, and maintains It will be the farmer who will win out. In fact be almost has the game beaten If ho also will look well to Ills crop*, consider the benefits to be de rived from a well kept dairy, market bis poultry and eggs, and feed his livestock and land with material de rived from his dairying. A veritable mine of wealth is swnlt In*? exploitation. Pig Gland Put in Hoy to Improve IIis Mind ^ Amarillo, Tex., Keb. 17.— l>r. M. K Harrla tcnight announced the sucrea* ful transplanting of a thyroid gland from a pig to a 23-months old boy. The operation, the second of Its kind In tao year* wn« performed to Improve mentality. It required 11 minute*. m And They Once Said Corn Wouldn’t Grow on Range Keith county produces com. Here is how Orville K. Jackson takes care of his surplus corn crop. His home, a few miles from Ogallaln, wns at one time open cattle range and it was thought that com would not grow there. The result speaks louder than words. $1,500,000 on Cream Lost by Farmers Poultry Raisers Penalized Four Cents a Pound for Sell ing at Flat Rate. Brookings, S. D., Feb. 17.—Not hav ing grades at the local buying points in the matter of cream alone cost South Dakota farmers $1,500,000 in 1122, according to a statement of the department of farm economics at the state college. Poultry raisers were penalized 4 cents a pound in some communities for selling at a flat rate,] the statement said, adding that there] is no way of estimating the loss sus tained by farmers on all the products they marketed because of the grades not yet being extended to where the farmers are benefited by them. "Very few farmers are being bene rt’ted by the few instances in this state where uniform and recognized grades of farm products have already been established,” the statement con tinued. “The flat rate buyers of farm prod ucts are not in business for their health and so long as they are hand somely paid for grading the farmer’s products It Is doubtful If they will do much toward helping the farmers obtain grades for their products locally. Only by organized efforts on the part of the producers can the grading of farm products succeed.” Practically all farm products are graded now, the statement said, but In many cases dthers, rather than fanners, reap the profits that right fully belong to the growers. ' A Half-Nickel Coins Planned as Mementoes ■/ Washington, Feb. 17.—Coinage of 2H-cent pierce In memory of former Presidents Roosevelt, Wilson and Harding was proposed In a bill Intro duced In the house today by Repre sentative Wolff, democrat, of Mis souri, On one side of the coins would be the medallion of one of the three for mer executives, in equal numbers, with the date of his hlrth and death, and with the Inscription, "In God We Trust." On the reverse side would be the Inscription "E. Pluribus Cnurn, United States of America,” Hen Sense Many problems confront poultry owners during tlio baby chick sea son that need careful attention. A few helpful hints will bear repiti tion for they are often forgotten during the year. Chicks should be fed carefully. It is estimated that a full half of all the baby chicks which die the first II days of life, die from Im proper feeding. It is good economy to purchase the best feeds obtain able for them in order that they may get a proper start. Home mix tures and home ideas are all very well hut they cannot compete with the splendid results achieved from feeds which have been tested out and proved worthy by years of success and which meet all re quirements of the government and state agricultural departments. Ex perts are extremely doubtful of the value of home made feeds. The poultry Industry is growing by leaps nnd bounds. Nebraska is one of the states hemming famous for its poultry products and In many instances the poultry yard has earned many times what the ling and rattle bam has contributed. There are some farms In this ter ritory which show a greater re turn from the ponltry flock than from the entire farm and its stock. Something apparently new is brought out nearly every day. It behooves the poultry famier and breeder to keep his or her thinking cap well oiled and in constant use. .Many of us have allowed the clamor of newer tilings, like artificial light, sex control ntid culling, to drown out the thoughts of such val uable and unfailingly marvelous old farts, as the value of milk for chick ens of all ages. We seriously doubt that there is a single feed or drink, of all that are available for poul try, that is one-half as good as just common plain every-day cow's milk or specially prepared butter milk. On the average farm where only a small flock of rldckens are kept, milk Is not so very Important in the summer; but it is ahsolutely nrcessary in the fall and winter months. The commercial poultry raiser and breeder can get along well without milk of some kind in the dairy rathm. Chick rearing | time Is here, and with them come ' chirk troubles, ailments and mor I With the County Agents Fremont—The high price paid for ap ples In the face of a large crop in mo3t commercial apple sections la stimulating an Interest In planting of new home orchard?. says County Agent R. N. Houser. The county agent, however, urged farmers who contemplate such planting* to carefully Investigate varieties, culti vation, spraying and pruning before set ting forth on the venture. Fremont—Approximately 4 per cent of the hogs on the farms In the United States died of hog cholera last yeAr, the county agent said Nebraska waa second to Iowa In heavy losses; Indiana, Missouri, Illinois, Ohio, Georgia, Minnesota and South Dakota were next In line. In the order named. Kach of the state** lost more than 100,000 head, the county agent •aid. s Blalr—The county agent warned farm ers of this county against purcheee of "bargain meads" and "cheap seeds," as advertised by many seed houses. These, he said, were liable to contain a large portion of various weed seeds. Flair—Washington county was well represented In the Nebraska accredited farm flock project, with two second-year and two first.vear members of the co operative organisations. All of the four ht* now enrolled for another year. The highest average number of eggs obtained was from the chicken* of O. A. I,ang horst, Fontanell*. They produced an aver age of 145.4 eggs P*r hen. Blair—Women of the county who have enrolled In the hat selection instruction clashes, to be held here each month, met for their first instruction The classes are held under the supervision of the agricultural and home economice exten sion service. * Weeping Water—A federal Income tax expert* is to meet taxpayers of the county at three points In the county during this week to assist them In making their re - * on tlnual pastures if we plan our crops right 1 Me then outlined 'he advents**** of keeping bogs on pastuie part of the time. Fremont—Tree* that are badly infected with canker or blight might well be re moved and cut up for firewood to eave on high priced coal, the county agent raid. He outlined tha method* and the tree# to be pruned at this time, which, lie said, wa* the beat time for the pruning work. Fremont—Delegatee from the various communities of the oounty are to meet rith Miss Edith Martin, health epeclallst, to take up their work In the "Home Health" project of the state extension lervlce her* on February 19. Bancroft—One of the two gasoline engine school* which are to be ataged In • hi* county February 26 to 27, will be held In the Chester Oraff sale pavilion near her*. The other is to be hold on a farm near Oakland. An instructor will assist farmer* to repair tractor automo bile and stationary engines, and lnatnict them In keeping ths enginss In working order. West Point—Ths county agent la urging farmers to give their sons or daughtere one or more of the young pig* on the farm, ao that the youngsters may snroll in the county pig **lube. Approximately 100 members of tns clubs are anticipated for this year. West Point—In his wsekly notes to farmer* of ths county, K. C. Fouts, ths county agent ha* urged some sort of systematic testing for bovine tubercinoala in this county. Leslngton—1Ths Dawson Oounty Kgs Producers Khtpplng association handled 2f» rase* of egg* during one day this week. Albert Simmons, president of the association announced. The association ha* been marketing its member* eggs for 15 week*, and Mr. Simmons declared that he wm "*ur« It Is no Jonger an experi ment Six-rent-a-doxeri premium for the strictly fresh, graded eggs, has been ob tained for the members, he said. Wahoo—The 51 per cent of the stork owners of the county required to bring Into the eounty the bovine tuberculosis test* by the federal government are pr*r tloally nil signed up on petitions circulat ed for that purpose, the county agent said, with shout lf»0 more names on the petitions, the anti-tuberculosis campaign will be well started, he added. Weston—Oasnllne engine abort course* will be given near here and at Mead, on February 19 end 20. by h represent^Iv# of the Mechanic Arte collage at Lincoln Farmers will he instructed In the care and operation of all types-of gasoline e« glnes Wahoo—A club membership campaign will he staged In Paunderg county this spring, to attempt to Interest the 2.952 children of the eligible age to Join boy* and girls agricultural Hubs, It was an nounced here Kach member of the com mittee in charge of the work will be ** slgned five schools In the county, through whbh he le to work In the Interest of ih** Huh membership tality. Millions of chicks will (lie an untimely dentil, again this year. Why? Because the people have not yet learned the value of pre pared feeds and of milk as a feed for chicks. We believe the liberal feeding of milk will save several million chicks and reduce the mor tality more than 50 per rent. What kind of inilk Is best for small and growing chicks? The an swer is buttermilk or whole milk just as it comes from the row. Ex periments recently conducted, clear ly indicated that whole milk for growing chicks is much more valu able than skim milk. It was found that whole milk in the chick ration, will greatly reduce tile mortality and almost double the growth. In recent years many of the chick diseases have directly been traced to lack of proper nutrition. Nutritional diseases, are respon sible for many chirks’ ailments. Add whole milk to the ration and save your chicks, and increase their de velpment. When ehirks show great weakness, emanciated appearances, (specially observed in head and around eyes and a generally weak ened condition, add whole milk In abundance to their ration and watrh tliem come out. On many commer cial poultry farms, the green food problem causes trouble and loss, in surh a case add whole milk to the ration and save the day. Nothing like whole milk for the baby rhlcks, growing thick or breed ing pen. Try It and become con vinced. We say this, and fully aware of the prire of whole milk, as well as the difficulties of secur ing It. It the price of milk makes regular feeding of whole milk pro hibitive, then surely almost re gardless of prire It will pay to feed buttermilk mash feeds or whole milk the first two Weeks of a chick’s life. In the feeding of lay ing hens, for market egg produc tion, skim milk is very desirable. Our general recommendation would be to feed whole milk the first two weeks, and if price Is not IM-ohihitlve the first four weeks. Milk In any form, has been found to Increase the fertility and hatch ability of eggs when fed to the breeding stork. All indications are that milk Is an Important part of a chick and chicken ration. Farm Boy Makes $558 Sioux Falls, B. D . Feb. 17.—Louis Mamre, a boy living at Garretson, who took part In a 1923 corn club pro ject, made a profit of $336.35 from 18 acres of corn. His corn went 65 bushels to the acre and he sold the 8S0 bushels for 60 cents a bushel Ten bushels of seed corn he sold for $15. Hs also mads $15 from fair ex hibits of hla corn, making In all $568 apart from the expenses. CANESEED f 1 00 bn.: Millet. 91.00: Kaffir. 91.10: Milo 91.60; Alfalfa. 99; Red Cover, IlSO" White Sweet Clover. I*.00; Alalke, 90.60 Grimm Alfalfa. 926 00; Orchard Ora**. 92.50: Red Top. 12.60; Kentucky B!u« Gra*a. 91.50; Sudan, 64.00; Broom Corn aeed. 93 00: Timothy and Clovar. 96.00; Heed Corn. 92.00; Unhulled Clover. 11.60. Five per cent discount on 6 huahel orders. We live where It rrowa. Ship from several warehouses end •eve you fretffht. Satisfaction or none* bark. Order rJnht from this ad or write for. samples, but ret order In before another advance end while we can make prompt shipment. Meier Seed and Grain Co.. Selina, Kan**a —Advertisement. P I *4 •****•**• —<*hl S mhttlTi [ *kiMMt Tb*MwItutt t|M*4wiy •tatTtMrkMWMnilitnilpMtd •1*1 Tta Umm Itita r*"r! Hw war* car* *o Kim mrimrn* m tow. AutMMtHI* Show Stutz Nebraska Motor Co. 2096-58 Farnam St. AT 7408 UPDIKE GRAIN SERVICE CONSIGNMENTS— Tour ear of Brain In onr ear* fata arary adeantaga our tong axparleaea and betlar farllltlea ran giro. Tha bualnraa of thla company la founded upon tha aalld principle at looking out for our cu-tomara' beat Intaraata. Nat Only RELIABLE SERVICE Bat SUPERIOR Par aalatr and aatlafaetlon’a aaka hava your billing rand. "Notify UPDIKE CRAIN CORPORATION” at any af tba naarbata where we opetata. TELEPHONE AT-l.ANTIC «S11 Updike Grain Corporation OMAHA Ckicaio Kwmi Cltr IHIwaukM r Danger of Overproducing Milk Is Doubted bv Secretary Wallace •> • Dairying With Poor Cows Unprofitable, Head of Federal De partment of Agriculture Writes—Sees Possibilities of Great Flxpansion in Consumption—Approves Nebraska Movement. Secretary of Agriculture Henry C." Wallace has written J. M. Glllan of the Omaha Chamber of Commerce, approving the plan to increaae the number of dairy cows in the state. The secretary is Interested in the movement. His letter follows: “I am in receipt of your letter of January 28, requesting information regarding the production of milk and dairy products in the United States for the year 1923, the average prices of these products for the past five years, and my opinion as to the like lihood of the dairy Industry being overdone in this country to the extent that prices of dairy products may fall to a point which would make dairy ing unprofitable. “Similar questions are coming to 11s from many sections and you will readily appreciate that It would be extremely difficult to answer the last question without knowing the full ex tent to which the dairy Industry is likely to be developed as the result of pressure for Its development made by such committees as yours. "After reviewing the history of the dairy industry in this country we find that although prices have at times been rather low we can hardly say that the Industry at any time has been overdone and too large a quan tity of dairy products produced. - It takes several years to greatly expand the dairy Industry and farmers gen erally. who have not had experience in the dairy Industry, are not inclined to rush madly into It as they are into the production of some other V lnds of agricultural products. "I am enclosing herewith certain data on the production of milk and dairy products in the United States In recent years, also on the average prices of dairy products. I trust that these will be of Interest and value to your committee. “During the year 1923 there was Imported into the United States in the form of various kinds of dairy pro ducts the equivalent o? the milk pro duction of 120,000 dairy cows, or ap proximately 1-200 of the total pro -— duction of milk in the United States. "Throughout the dairy world there will no doubt be some expansion of the dairy industry, but considering the [act that practically one-fourth of the dairy cows in the world are in the United States, it is evident, that there are possibilities of great expansion of the consumption and use of dairy products in countries outside of the United States. Even in the United States tiler* are possibilities of still larger per capita consumption of dairy products in our diet. "I have indicated above that the expansion of the dairy industry and the production of dairy products can not tie Increased so rapidly as some other products, it requires years to build up dairy herds, and if Nebraska found it advantageous to purchase cows'in other dairy sections in order to develop dairying in the state, it would merely mean that there would he less cows in the states for the pro duction of dairy products in which these cows were purchased. The tendency of fanners generally to go Into the dairy business is a I ways retarded because dairying is a type of agriculture that requires at tention at least twice a day through out th» year and it is a type of work that many people on fanns do not greatly enjoy. "In considering the possibilities of expanding the dairy industry in Ne braska It may be well to keep in mind that in case there should be a stimu lation of production beyond the de mand at which reasonable prices can he obtained, the success of the en terprise will depend upon the ad vantages in particular communities, with respect to feed and pasture con ditions, and also the efficiency of the producing herds. Dairying with low producing cows Is unprofitable and should the dairy industry he expanded and prices low ered the farmer with low producing cows would find his dairy operation still less profitable. "Hand in hand with any effort to develop the dairy industry in Ne bra ska there should go advice to the furmers In regard to the importance of good producing Individual cows r.ml a system of crop and feM pro duction as well as a system of mar I Ming which will enable dairying to be conducted on a profitable basis. • HENRY C. WALLACE, Milk Producers Form Body at Martel, Neb. Martel, Neb., Feb. 17— Meeting of the recently organized Milk Producers Marketing association was held at Martel last Tuesday evening. About 7u farmers were present and formed a local organization with Mr. Armand as chairman. Those present representing the milk association were A. E. Baker, president: J. L. Rigt-man, secretary. A. A. Horn, Mr. Gray, Mr. Olmstead and Mr. Armand, all members of the board of directors. County Agent Pur baugh anil II. M. Rink of the Ne braska Farm bureau, also were pres ent. Lunch was served by the women at the close of the meeting. Hank Clearings. Punk Hearing* In the united Statruj for the week ending February 14. a* re ported by telegraph to Pradatreei'g .lour-, nal. Sow York, aggregate $7,080,508,000. a gain i»t $8,675,717.'. 00 b'.-t wf»k and »«.««» Jio.non In Ui» week laat year. » » nadlan He*. n«. aggregate »--';4,'J" aa again-1 2J46 I13.O09 W week and 1196,497.OOf n tbia w*»*k la*f >**r y lowing aia the r.mtna for thla week and la,t' February 14 February 7 N.'*w York I3 9MO0O.0O0 |D. 1 fc-.'M"1 " Chicago ".160 1 »•><> 579.. PhiiailelDhta ! 406.000.000 474 . lm.on 26.',.11 on.Him 43».«.I . . . . Pt-aburgh !!. 14n.ti03.oun 03.013 Mae:: >•.2.109.4,00 ; St ],nut* .. 133.200,000 1 40,900.' " • 1 AnirblfiA .. 146,053.000 150,4bl.0' ■ Karma* 4'11 v a 114,299,000 115,304,0'* iis.**i.ooo I1MM.;" Cleveland . 91.4*9.non >J*.4^ „ Baltimore .... 29.i4.>.noo , WcmSSu" •• £ ?'u' •.&*« Ilk/H;:::: RBfcSg Hearn? : 34 303.000 39.11 4.90-. Milwaukee - .**,199.009 2f,!12'?j!!! Portland. O. .. 3 3,9''.,, 000 34..46," ; Hally* 34 2D'|.000 3 i.97b.000 P4''“ .; ";Ef«;il0O 26.717. Lnulevllla 28.126.000 36.921.0oo Ifnualon . 21.426.000 26.217.0 BlrnilnghB.il .. 27.767,090 36.69o.0 0 Oklahoma city 22.162.000 7,7'!-,’,,,, Wemphlg . ... 241.292.ooo JJ.«»•«»'' Waah'lon. D. C 29.666.000 ;2.697,000 Indian.polla I».«55.nn0 }!•!?!•!!?, Naahville . .. 16.69* 000 J7,646,00 Newark. N .1.. 13,732.000 }’•**???? K..rt Worth ... 1 1 1 67.000 }».}*».«0* Saionnnh .. . 1 4.623,000 J*.6-3.00 Wr Paul 1D 790.000 15.131,000 < .akland 1 i ' .1 o." 0 l--;"?-?: | frilumbiia 17.*97.000 Hall lake city 11.730.000 13.0S2.90° P?ovld?me y 13.673.00 0 13.275.Oip Ilea Mnlnea . 9.600.000 1«971 ■«»* Rocheater .... 9.»7».nnn 13 \Vi» hitit 7 33D.000 *.2ls»,00O iiaiveMnii .7.435.000 »•;*».»?» \orfolk . 6 990.000 J 2'"! ' Sioux City _ 7.9*5.000 7.2 .«M Spokane . 9 070,000 Jo.466,00" St. Joeeph _ 6,947,090 MK«,S Total .>7.060.511*.Don >*.6 73.717.000 _31 NASH At the Show j I he Six-Cylinder Roadster We Offer New Issue * Tax Free in Nebraska $300,000 Southern Nebraska Power Company 7% First Mortgage Gold Bonds Dated January 1,1924. Due January 1, 1934. Interest parable January 1st and Jnlj 1st at the Peters Trust Company, Omaha, Nebraska, Coupon bonds in de« nominations of 91,000, 9.VMI and 9100 with prlrilege of reeislration as to principal. Redeemable on any Interest payment date at 100 and interest until and inrliidiiiK IW27, the premium thereafter decreasing H% per annum, the bonds being redeemable January 1st, 19X1, and thereafter at par and accrued Interest. The Company agrees to pay Interest without deduction for the Normal f ederal Income Tax up to t'%. Issuance authorized by Railway Commission of- tie State of Nebraska Business THE SOUTHERN NEBRASKA POWER COMPANY owns and operates a complete system for the generation, transmission and distribution of electfic power and light. The electric current is generated in three modern hydro electric plants located at Superior, Hebron and Oak, with auxili ary steam and oil engine plants capable, if necessary, of carrying the entire load. The territory ■erred comprises a prosperous agricultural section in Nuckolls, Thayer, Fillmore, Clay and Web ster Countiee, Nebraska, including twenty-six towns and a population of approximately 18,000. Ownership A majority of the ontst&nding stock of the company Is owned by the same interests which control The United Power and Light Corporation (of Kansas), a power company largely hydro-electric, with resources of approximately $10,000,000, serving 11C cities and towns in Central Kansas. This common ownership makes available for the Southern Nebraska Power Company the engineering skill and efficient management of the larger company. Security This issue of bonds will be secured, in the opinion of Counsel, by a direct first mortgage upon all real estate, electrical machinery, and the entire transmission and distributing system of the Com pany. The depreciated replacement value of the properties to be covered by this mortgage was placed at $991,900 as of August 31st, 1923, in an appraisal made by Stone St Webster, Inc., using costs as of November 1st, 1923. In tbe opinion of Counsel the franchise situation is satisfactory, the franchises on the more important parts of the property extending well beyond the maturity of this Issue. Earnings of Properties Year Ending 1922 Nov. 30. 1923 Oroee Earnings.$117,833.76 $169,699.50 Operation, Taxes and Maintenance. 61,489.28 97,731.73 - * Net Earnings...$ 56.344.48 $ 61,827.77 Annual Interest Charges (this issue). S 21.000.00 Balance for depreciation, dividends, etc. $ 40,827.77 NET EARNINGS NEARLY THREE TIMES ALL INTEREST CHARGES Legality All legal matters in connection with the issuance of these bonds, including franchises and titles, have been passed upon by Chapman, Cutler and Parker. Chicago. Appraisals Audits Stone St Webster, Inc. Arthur Andersen St Co. Bonds of the above issue are offered when, as and if issued and received by us. and subject to the approval of proceedings by our Counsel. Price Par and Interest Yielding 7% Detailed Circular on Request PETERS TRUST COMPANY OMAHA * atatrnienta contained herein me ba^d upon Information and ad\ «* wh -h h* I * e to be a.vurata a- 1 re' ab>, • nd. whit* not auaranteed conatltuta tha data upon which we acted in the purchaaa of those atcurtt!**. '