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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Oct. 23, 1924)
Optimism Prevails as State Bankers Convention Opens Confident Prosperity Hae Come Bark to Nebraska; Seek Separate Bankin’ Department. What promises to be the largest Nebraska bankers, contention over held opened Wednesday morning at Hotel Fontenelle with almost unani mous expressions of confidence in the Increasing prosperity of the state and nation, "I want to assure you that condi tions are much better than at any time in recent years and I am sure that the outlook for commerce In banking is much brighter than it has been for a long time," said C. A. Mlnick of Crawford, president of the association. In his address. President Mlnick emphasized the need for good roads in Nebraska, endorsed the program of the Nebraska Good Roads association for the creation of a state highway commis sion to control road building, and ap proved a gasoline tax as one of the means of obtaining money to carry on an extensive rood building pro gram. President Mlnick urged that the state banking department be divorced from the stale department of trade and commerce, declaring that In his opinion the ‘‘banking department is the most important in the state and should be made a separate depart ment.” This view seemed to find general favor among the 600 delegates who had registered by 11 o’clock. Quaranty Fund to He Kept. "I am not a state banker, but I am convinced the state bankers will not give up the Nebraska guaranty fund ! which safeguards their depositors,’’ said President Mlnick in an Inter view. ’’It Is probable, however, that the etate banking section of the as sociation will favor at this meeting certain refinements of the law, which will eventually place the system In a separate department, divorcing It from the department of trade and commerce.’’ President Mlnick expressed confi dence that the national election will result In a cintinuance of the pres ent administration, and thus give as surance of a continuance "of the rapidly Increasing prosperity of the nation.’’ "I have always believed that the people of Nebraska, because of Its largely rural citizenship and because the success of its people so largely depends on Individual initiative, should be leaders of the nation in sound, conservative and rightful thinking In economic, social and moral questions; and I sincerely hope that the future as well as the present will prove this belief to be correct, •Trogresslvlsm” a Menace. "It is true that the opportunities of our great nation have permitted many men to become millionaires, but it Is just as true that It has also permit ted and aided the building of millions of happy homes. When unsound eco nomic thinking and propaganda, whether anarchistic, socialistic or given the name ’progressive’ fill the minds of our people the safety of our government, our sacred home life and our commerce is threatened." The opening session of the associa tion was occupied with reports by C. A. Smith of Tilden, chairman of the executive council; H. C. Nicholson of Omaha, treasurer; William B. Hughes of Omaha, secretary; an address of welcome by E. F. Folda of Omaha, and a response by A. M. Keyes of Holbrook. Rev. Jambes E. Wagner, pastor of the First Methodist church of Omaha, opened the meeting with an invocation. Van E. Peterson, secretary of the guarantee fund commission of Lin coln, spoke on the workings of the commission. "It was 15 years ago when our leg Islature passed the depositors’ guar anty law, whereby every depositor in a failed bank was guaranteed,” he said. "If the bank failed the state paid the depositors In full and raised the money by assessing solvent banks Coolidge Victory Is Europe's Hope, Ambassador Says World Chaos Would Follow Indecisive Election, U. S. Envoy to Germany Tells Large Audience. There are proprieties that hedge about a 1'nited States ambassador that make it necessary that he he not quoted direct. There are con flicting interests to be taken into account, particularly the sensibili ties of other nations. Therefore the following report of the address of Hon. Alanson It. Hongliton, am bassador to Berlin, given last eve ning at Hotel FonteneUe is para phrased. "The tragedy of the German peo ple.” might well have been the title of the address given last evening by Ambassador Houghton to a group of guests nt dinner at the Hotel Fonte nelle. It was a story of suffering, of desperation, of death, told in a word picture the like of which has been seldom equaled. It was the picture of Germany and of the German people seen with the eyes of German men and women, the German viewpoint, told to America by an American who has been through almost four years of it. x lie tine* in me jiiuiuie »»nc uui «*» black. There were lines, recently made, through which the daylight shines, lines that were put there by the courage and the determination of President Coolidge, who faced world opposition to bring about the determ ination of the reparations problems by a committee of experts—lines that havo their expression in the Dawes plan. And now, that finally there has come the dawn in Germany, the am bassador urged that nothing be done to plunge it all back again into chaos. Only President Coolidge can see the plan through. In his simple "unoffl clal" way, acting through the com mission of experts, headed by Charles G. Dawes, and with the moral strength of the United States behind him, the president overcame the prejudices and the bitterness of Ger many’s enemies and peace seems to be at last In sight and the light of a new day shines. Chaos Looms Again. Through all the tragedy, the des peration and death In German, the moral fiber of the German people has not broken. They are still strong of heart. Those who call themselves communists in Germany are really not communists, but men made desperate through lack of hope. They are weak, they have used up their strength. Another setback and they may give themselves up to the madness of desperation. If Germany goes down, if this new hope is blighted, then all central Europe will go down with it, and America cannot hope to keep clear of the chaos that will follow. Outline of Picture. This la the chief outline of the pic ture, the heavier lines. There was also a background, a background out of which the picture Itself came Into existence. Germany before the war had a total wealth of some $75,000,000,000. The cost of the war to Germany was about $20,000,000,000. In the treaty that ended the war there were taken away from Germany all of Its colo nies the rich provinces of Alsace and Lorraine, Its ocean cables. Its mer chant fleet, vast quantities of military stores, Its navy, much of tho rolling stock of Its railroads and all of its foreign investments with the excep tion of that which we are now hold ing down in Washington. All of these properties were worth easily $5,000,000,000. Subtract from Germany's pre-war wealth the cost of the war and the value of the lands and properties taken from It by the treaty of Ver sailles and there is left a total wealth of $50,000,000,000. The reparation commission has said that Germany must pay $132,000,000,000, or nearly three times the value of all the prop orty in the country, and It must pay this within 30 years. Armies Sapped Wealth. In addition to the properties taken from Germany, and In addition to the reparations which must be paid, the treaty sent into Germany a dozen "high commissions” made up of men from the allied countries. These in cluded a total personnel of some 10,000. Then there was sent into Germany a French army, an English army and for a time an American and an Italian army, numbering hundreds of thousands of men. The members of these commissions and these armies had to be paid In gold. There was no gold In Germany. How was she to get It? Ordinarily a nation gets gold In one of two ways. Either they push their exports and hold down their Imports, getting paid by the foreign countries In gold for the difference, the “balance in trade,” or they issue bonds. Ger many could do neither. Her exports fell after the war to a fifth of what they had been before the war. There was no “balance of trade." Ger many could not borrow because no one would lend. Under the terms of the treaty, the reparations committee had a first mortgage on all the prop erty In Germany and would not re linquish that mortgage. Unless it was relinquished there was no se :urlty for a loan. Germany got gold with which to pay the commissions and the soldiers by selling paper marks, by inflation. Then the bottom was not only out of paper marks, It was out of every thing. The feverish prosperity turn ed to panic and unemployment. For two winters, Germany has lived on the verge of starvation. Unemploy ment has been as high ns 50 per cent. In one of the big Industrial cities, out of 60.000 workmen, 2,000 had fair ly steady employment and 700 inter mittent employment. The rest were Idle. With the $200,000,000 which the Dawes plan loan has already placed at the command of Germany, her OUGHS Apply over throat and chest —swallow small pieces of— V9CKS Vapo Rub Off 1 7 Million Jarm Utati Ymarrlv ' people can be put to work. Food can be bought once again and the hope with which Germany now looks for ward can be turned Into a reality. The election of President Coolidge alone will make the Dawes plan a reality. It is his work. A deadlock ed election with the selection of a president thrown into congress will bring stoppage to business In Amer lea. because of the uncertainty and doubt as to the outcome. With such a condition here the hope that now lies in the Dawes plan, not only for Germany, but for all of Europe, and, too, the increased prosperity that will come to our own country because of a restored Europe, will go glim mering. Hosts at the dinner were: Walter W. Head, Val Peter, Dr. A. F. Jonas and Frank Johnson. Dr. Jonas acted as toastmaster. Those who sat at the speaker’s table were: Congressman Willis G. Hears, Father Bernard Slnne. Walter W. Head, Val Peter, J. E. Davidson, Ford Hovoy, Dr. A. F. JonaH, N. H. Loomis, Revr. A. N. Matuseha, J. II. Wisse and Norris Brown. There were but 30 of the 100 guests at the dinner who were not residents of Omaha. /--- v Nebraska News Nubbins ./ Beatrice.—Charles H o r u m was brought hero from Adams on the charge of operating an auto without a license. He entered a plea of not guilty before County Judge Mess more and bis case was continued to October 81. York.—The business men's gymna sium classes of the Y. M. C. A. are starting for the new year. Classes will be held Mondays. Wednesdays and Fridays during the winter. Volley ball teams are practicing for games with other towns. David City.—Theble Clef has en gaged Carl Sibert of Omaha to give an entertainment soon under Its su pervision. Mr. Sibert, an Iowa boy, has trained In America and Europe and has been singing to theater au diences in Italy. linrtington.—At the Parent Teacher association meeting here an interest ing program was given to a large audience. Superintendent W. H. Stelnbach gave an address on ‘‘Our School and Its Equipment" and A. K. I,nmmer spoke on "Care of Equip ment and School Property.” Beatrice.—Twenty-five dentists of the southeastern Nebraska district, in annual meeting here, heard an ad dress by Dr. B. L. Hooper of the state university dental college. Theso officers were elected: President, Dr. C, R. Buckley, Beatrice: vice presi dent, Dr. B. O. Welsel. Falrbury: sec retary-treasurer, Dr. J. J. Krlm, Bea trice. FIRE DESTROYS^ RENO RENDEZVOUS Reno, N'ev., Oct- 22.—Destroyed by fire, the old Schlntzer house, said to •lave at one time been the home of Mark Twain, was in ruins here today. The structure, recently known as 'Monor Inn," and notorious as a live ly roadhouse, patronized by members if Reno's divorce Colony, was occu pied by Mark Twain when the famous pumorist was a reporter on a news paper published in Virginia City, Nev. fwenty years ago the house was ■noved here from Virginia City. 60 Tons of Hay Burn. Humboldt, Oct. 22.—About 60 tons )f hay In stack was destroyed by fire in the farm of Attorney I. E. Smith, three miles eouthwest of thiis city. Local section men were back-firing the Burlington right of way at that point and the fire got beyond their control. Help nrlved In time to save the larger portion of the hay on Smith's land. Cattle Sale Held at York. Y'ork, Oct. 22.—Eight cars ot cattle were sold by Hoover & Tucker here, bringing 26.25 to 27-05. The cattle were shipped from western points, mainly Hysnnla. W.C.T.U. Holds 50th Convention -. I Many State Counties Repre sented at Meet; Lincoln Gets New Headquarters. Special HUptUch to The Omaha IWa. North Platte. Neb., Oct. 22.—Repre sentatives from a majority of Nebras ka counties are attending the 50th state convention of the Woman's Christian Temperance union, which began its sessions Tuesday with a meeting of the superintendents of the 15 departments which cover the ac tivities of the organization. The re ports of these superintendents gave evidence of enthusiastic work and the treasurer's report indicated a healthy financial condition. l,ast evening a banquet was served to 200 guests in celebration of the 50th anniversary of the organization, at which a huge cake with 50 candles was lighted by Mrs. Bela Dyar, state president. As the intervening years since 1874 were called off 50 women in turn recited the temperance achievements and legislation In both state and nation. Mayor Crosby delivered an address of welcome, supplemented by greet ings from Mrs. W. W. Andruss, presi dent of the North Platte local. To these response was made by Mrs. Hattie Sylvester of Scottsbluff. Today's sessions were taken up by reports of held work and organized lines, co-operation was pledged to the National Billboard association and the demand made for the adoption of a law enforcement slogan. Among the speakers was Miss Belle Kearney of Mississippi, the first woman in the south to be elected to a seat In a state senate. TAYLOR CONTEMPT SENTENCE UPHELD Dwight Taylor must serve his term of 30 days in county Jail for contempt of court. He Was charged, with at tempting to influence the testimony of two girl witnesses In the trial of James Griffin for the murder of Henry McArdle, whose body was burned in a haystack. Taylor appealed to the supreme court, which affirmed the Judgment of District Judge Fitzgerald. The mandate in the case was received by the clerk of the district court Tues day, HEAVY FROST IN OMAHA TUESDAY Omaha experienced a heavy, but not killing, frost Tuesday night, the mer cury falling to 40 degrees. Killing frosts were reported at Dpbuque, Charles City and De» Moines, la., where temperatures were 28, 28 and 34, respectively. Thir ty-six degrees were recorded at Des Moines. Meteorologist M. V. Robins predicts warmer weather for tonight, fair to night and Thursday. Robin? to Discuss Isgues of Campaign at Lincoln Rlncoln, Oct. 22.—i-caymond Robins will epeak at Rlncoln city auditorium on the night of October 30. The oc casion is observance of the 66th an niversary of the borth of Theodore Roosevelt. The meeting will be held under the auspices of the Roosevelt Republican club of Nebraska. Mr. Robins wlU d scuss national issues. f DOUGLAS COUNTY. ' Total possible vote.100,000 Registered Tuesday . 1,780 Total registered . 72,989 Percentage of possible vole not registered . M Registration ends Friday, 9 p, m. v____-/ Woman Elected Head of Social Work Conference Lincoln, Oct. 22.—Dr. Hattie P. Williams of the University of Nebras ka was elected president of the Ne braska conference of social work at the closing meeting of the organiza tlon last night. Judge l>- B. Day <'C Omaha, was elected vice president. Members of the executive committee 1 include Judge Howard. F. 1>. Pr#r/>a,-r Henry Monsky and Esther Johnson, all of Omaha. The executive committee was au thorised to secure a paid secretary f r the coming year and a budget "t $2,500 was accepted. Several resolu tions were adopted, among them be ing endorsement of the proposed chb 1 labor amendment of the constitution. The president was instructed to ap point a legislative committee. Bee Want Ads are the best husi ness boosters. Sure Relief FOR INDIGESTION |_1 6 Bell-ans Hot water Sure Relief ELL-ANS iS< ind 75 < PocKa ge* Everywhere Have You Taken Care of Your Fuel Problem? Be Prepared bp filling Your Bin Mow with CARBON COAL I FURNACE SIZE You can inspect this coal at our yards. Also samples at Hayden's Grocery Dept. ^ The Most Heat for the Least Money UPDIKE LUMBER £f COAL CO WAlnut 0300 I i MR. TITO SCHIPA, the wonderful tenor, ap pearing at the Brandeis Theater Wednes day evening, October 22, ns well as Frederich j Dixon, famous young pianist, playing in concert for the Music Section of the Omaha Women's club at the Y. W. C. A. Wednesday afternoon, both use and indorse tho j JHasmr Sc Hamlin “THE WORLDS BEST PIANO’’ | ! ii t-lhcmpson-Belden “Noted for Linens” ( Thursday— A Sale of Madeira Cloths-Pillow Cases—Towels—Doilies 77i is is one of those opportunities to pick up choice Thompson-Eelden Genuine Linen Bargains. Reductions of 20% to 50% Cloths, 36-inch - $5.75 to $8.75 Cloths, 45-inch - - $9.00 to $14-75 Cloths, 54-inch - $12.50 to $18.75 Table Cloth, 2x2*% yards. - $27.75 Towels, guest size - $1.49 Doilies, 10-inch - 39c Doilies. 6-inch - 19c Pillow Cases, 221/2x36 inches - $8.89 Street Floor _ r\ W Buy These Silk Hosiery Features All full fashioned, pure thread silk. The Gold Seal - - $1.50 The Ruby Ring - - $1.95 Thompson-Belden Chiffon - $1.95 McCallum Chiffon - - $2.50 All the newer shades Stroot Floor New Coats Priced now $25 to $295, with large groups priced $69.50 and $98.50 Third Floor Trefousse Gloves New models with cut work cuffs. ^ $2.95 Street Floor Plaid Kasha Scarfs A smart new scarf, mod eled after a man's muffler $3.00 Street Floor The Gift Shop Is completely equipped to fill your gift and prize wants. 50e to $5.00 Second Floor Ostrich Scarfs Ombre tints that are very new and distinctive. Plain shades and high colors $5.00 to > $10.50 « Street Floor II —“The Best Place to Shop. After All” - ‘I 1 Narcisse Perfume j FOR ALL | | A COUPON WORTH 61c i | will be printed in this IN CASH i I Paper FRIDAY 2 I AND YOU GET A I I O | $1.00 Bottle Narcisse Perfume | k FOR 39c J: If you use Coupon Which Will be Printed j£ . fn this Paper Friday. £ ^ 1 1 b 1 \ Toilet Goods Section C I ^ ThU U the Exact Sue of the Bottle and Box you get. 0> It U our regular $1.00 Sue 2 I:J Be sure to look for the coupon in Friday’s \ «s paper. Present it with 39c cash and get a regular $1.00 bottle of Narcisse Perfume. This introductory sale offer expires Satur day evening, OCTOBER 25. No coupon accepted after this date. Introductory sale limited to 5760 boxes only. g (P. S. 1914 SS) X 38 Years Ago Today The new AH Saints Church at Fairview and Howard Streets was nearly completed. Mr. J. T. Pennell was training a boy choir. —M|—————————■—————|—^———> . ----—^^
