Federal Home Loan
Bill
(Continued from week before last)
Notes of members or nonmember borrowers held by
other Federal Home Loan Banks, or to purchase the
bonds issued by any other Federal Home Loan Bank, or to
make deposits with other Federal Home Loan Banks.
In any case in which the board requires the purchase of
bonds, the board shall fix the price therefor, or if the
board requires the acceptance of a deposit, it shall fix the
security therefor. The rediscount rates and the rates of
interest to be paid upon deposits shall be fixed by the
board.
(i) Each Federal Home Loan Bank shall at all tim
es have an amount, equal to the sums paid in on outstand
ing capital subscriptions of its members, plus an amount
equal to the current deposits received from its members
and from nonmember borrowers, invested in (1) oblig
ations of the United tates, (2) deposits in banks or trust
companies, (3) advances with maturity not greater than
one year made to members or nonmember borrowers, up
on such terms and conditions as the board may prescribe,
and (4) advances with maturity not greater than one year
made to members or nonmember borrowers the amount
of whose creditor liabilities (not including advances from
the Federal Home Loan Bank) does not exceed 5 per cent
um of such member’s or nonmember borrower’s net as
sets, which advances may be made without the security
of home mortgages or other security, upon such terms
and conditions as the board may prescribe (31):—
(j) Such part of the assets of each Federal Home
Loan Bank (except reserves and except sums provided
for in subsection (i) as such bank may deem available
therefor, and as are not required for advances to mem
bers or nonmember borrowers, may be invested, subject
to such regulations, restrictions, and limitations as may
be prescribed by the board, in direct obligations of the
United tates and in such securities as fiduciary and trust
funds may be invested in under the laws of the State in
which the Federal Home Loan Bank is located.
Incorporation of Banks, and Corporate Powers
ec. 12. The directors of each Federal Home Loan
Bank shall, in accordance with such rules and regulations
as the board may prescribe, make and file with the board
at the earliest practicable date after the establishment of
such bank, an organization certificate which shall con
tain such information as the board may require. Upon
the - (to be continued next week.)__
Read What Others Say
WHAT OTHERS SAY
Editor of Omaha Guide:
If half of what’s said against this
new Roosevelt by the Republicans or
■gainst our President Hoover by the
Democrats, was true, neither would
be fit for dog catcher. Of such, is
Campaign Bunco. But let'B look back
at facts: This is a critical time, who
ever, whatever brought it, no single
man did. Since Abraham Lincoln, our
first Republican who put down rebel
lion. The White House, bas been oc
cupied by IS presidents, 2 of them
Democrats. Cleveland was the 1st in
*93. Quick with him came Coxie’s
shoeless- army. Wilson was the other
and with him came the greatest dis
aster the World ever knew. The rav.
ages of which are still with the world
and threatening us. The Democrats
keep asking you to look back 12 years
to Tea. Pot Dome. That my friends
was an aftermath of war, a war we
cannot forget, when asked to look
bark, that close to it. We are asked
to try the 3rd time, that thing, which
we have tried twice to our sorrow.
We will not.
A. J. Paddock.
HONOR THE TOILERS
(By R. A. Adams)
(The Literary Service Bureau)
f
Honor the patient sons of toil,
With calloused hands, who till the
soil,
That all the nations may be fed—
The world might have its “daily
bread.”
Honor the toilers loyal,, true,
Who struggle all their whole life
through
With weary hearts and tired feet
Mid winter’s cold and summer’s heat.
They ask no dole—no charity,
But justice, and for equity—
Full share of what their labors gain—
And more would they proudly disdain.
Honor the toilers everywhere,
Who must the world's great burdens
bear,
On whom, though it be unconfessed
The destinies of nations rest.
"John, Mr. Smith
has work for you"
That* actual instance*
show how valuable the
telephone is in getting
work ...
CJne man left his telephone number at places
where he had previously worked. He got a number
of short job* ... then one that will last for
several months. Another man who works by the
d«.v says, “My income depends on the telephone
calls I get.”
A girl sought work for eight months. Then
she had a telephone put in. She got work over her
telephone after having had it only two days.
Your telephone costs you only a
few cents a day — it sares and
makes money for you — it keeps
you in touch with opportunities.
NORTHWESTERN BELL TELEPHONE COMPANY
Two All Americans
Are In This Group
When Ralph Metcalfe, the famous 1
American and world-wide Olympic
champion, visited Omaha with the
Marquette university football team
last Saturday, he received a rousing
reception from Mayor Richard L. i
Metcalfe and Congressman Malcolm
Baldrige.
In this group above are Louis Art
ison, Omaha friend of Metcalfe’s,
Ralph Metcalfe, Congressman Mac
Baldrige and John Horton, campaign
i er for Mr. McBaldrige and advertis
- —■ =
ing representative of the Omaha
Guide.
“When I first heard about Omaha
from my roommate Paul Phillips, I
heard about Congressman Malcolm
Baldrige,“ said Ralph Metcalfe, Mar
quette university sprinter and world
famous Olympic champion, who was
in town last Saturday with the Mar
quette football squad.
“My coach,' Frank Murray, whose
teams were twice beaten by Mr.
Baldrige’s team when he coached at
Creighton, told me to look Congress
man Baldlrige up, when I came to
! Omaha.
“I’m irlad I did, because I found
him a wonderful man and after talk
ing with him I am convinced that he
is a real friend of our people.”
Mr. Baldrige was a member of the
All-American football team at Yale
university in 1918. He later coached
at Creighton.
“Ralph. Metcalfe is a great athlete
• and a wonderful fellow,” said Con
gressman Baldrige. “I wish we had
more cleancut athletes like him in
America.”
Did You See Metcalfe?
r d._--—-—
At 10:35 A. M. last Saturday your
humble correspondent walked into the
U. P. Station to join the crowd that
was awaiting Ralph Metcalie, Fa
mous Track Star. The crowd was
small. However John Horton, Jr. of
OMAHA GUIDE, Mayor Metcalfe,
R L. Simmons, Dr. John A. Singleton,
candidate for State Representative,
June Artison, Lorraine Fletcher, Bus
ter Phillips the Host to Ralph Met
calfe, Attorney John Adams, candi
date for State Representative, Your
Scribbler and Demo. Com’teeman at
man At Large. Metcalfe stepped off
the 4th car of the train to greet and
be greeted by the crowd. Mayor Met
calfe pumped the Olympic Champs
hand and said so many words that
meant your presence is highly appre
ciated, our names are the same and
Your Privileges are unlimited in this
city. R. L. Simmons introduced Met
calfe to Mayor Metcalfe. Metcalfe
finished shaking hands with the
crowd, ascended the stairs, through
the hall of the station where he was
looked upon with admiration, and out
to the beautiful parking court on the
north side of the station. The crowd ■
filled the 8 cars that to follow Mr.
Jones’ Handsome yellow roadster that
hauled Ralph and Mayor Metcalfe
through the downtown streets to the
City Hall where the busy Mayor left
the parade. We paraded about the
down town streets. Then north on!
16th St. to Cumming to 24th, then to
the Urban League. Where I interview
him. Meccalfe is husky about 6 feet,
well dressed and quiet. He resides
at 34th and Rhoades ave. in Chicago.
In his early days Metcalfe ran races.
Beginning as a Junior, against fast
b°ys of the 2nd and 3rd ward dis
trict. If you went to school there
you would realize how fast these boys
were. Metcalfe managed to outclass
them however, and made impressive
showings in the city meet. After
leaving the James R. Doolittle school,
Metcalfe entered Tilden Tech high on
west 47th St., where he broke into the
lime light. Just out spraddling every
body. A complete record of Metcalfe’s
races would fill a whole newspaper.
After leaving Tilden Tech, he went
to Racine, Wis. to enter Marquette
University. This bundle toed gentle
man found the only 2 men in the world
who could compete with him as far as
speed is concerned, Eddie Tolan,
Frank Wykoff, and Tolan won’t run
against him individually. Metcalfe
has won close to 500 races up till this
date, setting records and breaking
them. Eddie Tolan in the Olympic
finished (as some judges say) a split
second or 2 inches ahead of my good
friend Ralph. Later in the season
Metcalfe tied Tolan’s record in a race
at Soldier’s Field, Chicago. Metcalfe
was here as you may know as a draw
ing card to the Creighton-Marquette
football game. It’s a kn^wn fact that
Ralph would make one of the best and
the fastest half backs in the world.
Yet it would not be considered wise to
risk a million dollar pair of limbs in
a football scrimmage. So Ralph sim
ply sang Water Boy for Marquette’s
Foot Ball Team.
Vote for Johnny Owens in the 9th
Legislative District
I. -
Now come on every one,
And let’s register Democrats,
So we can elect Johnny Owens,
And put him at the bat.
II.
I am sure he will knock a home run,
And not keep us waiting impatient,
With a lot of fabulous promises,
A* in former administrations.
III.
Johnny Owens is a young man,
A man with a wonderful yision,
Who doesn’t like to see the masses he
serves
In any kind of a condition.
IV.
He is a very conscientious man,
And believes in all of the races;
Yet he doesn’t believe in races mixing
But all men in no respective places.
V.
He is rearing a nice little family,
And we should rush him forward;
He will go to legislaure and make
good,
And not be classed as a coward.
VI.
He has promised not to be a tool,
By letting some crook grease his paw;
He will stand up for law and order,
And only his salary draw.
VII.
i oil say tnere is no such thing,
As a Negro Democrat;
But while you are busy talking,
We will elect one on the mat.
VIII.
You say that the Republican party,
With its great Emancipator,
Did free all of our foreparents,
Of the detriment of hard labor.
IX.
But did you ever stop to think,
Of that light for freedom’s gain,
rhat Negro soldiers fought arm-in
arm,
With the so-called Republicans.
X.
Now let’s forget the parties,
And try to elect the man,
That will give us consideration,
In every way that he can.
XI.
Now when you go to the polls,
In November, just hold your own,
And walk right in and get your ballot.
And vote for Johnnv Owens.
XII.
And all you high school boys and girls
Who contemplate going to college.
Let Johnny Owens be your example,
And acauire a thorough knowledge.
MRS. FRANCES HOLLOWAY
2716 Franklin St.
0---0
Habits'
(By A. B. Mann)
0 - 0
0-0
Boasting of Early Indiscretions
(The Literary Service Bureau)
Men are chief offenders in this way,
but women are not exempt from cen
sure in the same connection. A man
“gets to talking”. The conversation
reverts to “When I was young;”
“When I was single;” “When I was
a don’t-care devil.” He laughingly
tells of his escapades with women and
narrow escapes from serious conse
quences. Often men are foolish
enough to talk of their “affairs” with
other women and “how the old woman
raised hell,” or “how my wife stood by
me, though she believed the reports
to be true.” Or, perhaps he tells how
he “got by”, or how he “put one over
on wifie.”
On such occasions listeners may
laugh and compliment the shrewdness
of the narrater, but men of serious
minds will be thinking all that has
been related had better been left un
told. And, in all probability there will
I come the wonder is he straight now.
If suspicion and weakened faith be the
result the boaster will have himself
to blame. FOOLISH HABIT, THIS!
«'
DRINK—
IDEAL Beverages
POP
GINGER ALE
LIME RICKEY
“Be Sure—Drink IDEAL,”
IDEAL Bottling Co.
1808 N. 20th St. WE. 3043
t | t t I I ■ | | | » , . . ..
Xf ELECT
JOHN T. DYSAR1
^ DISTRICT JUDGE I
Endorsed by Bar
(POLITICAL ADV.)
HABITS
((By A. B. Mann)
Public Hoggishness
(The Literary Service Bureau)
In this day of traffic congestion we
hear much of road-hogs, meaning
people who disregard the traffic rules
and the rights of others on the public
highways. However, these are not
the only public hogs. We find street
hogs who take up the street, as others
take the roads. There are hogs who
walk three and four abreast, on the
side-walks, forcing others to get off
and walk around them. Also we find
seat-hogs who sit on the street cars
and spread themselves and their pack
ages, even when others are hanging
by straps. Using public convenience*
many persons use more than their
share of space, and often times mon
opolize facilities.
Another form of hoggishness is in
monopolizing conversation. Some
people seem to forget that other peo
ple have opinions, or that others
might desire to do a little of the talk
ing. They talk so fast and so con
stantly until “nobody else can get a
word in edgeways.” Such habits give
offense constantly and will make the
offenders obnoxious and repellent.
GUIDE TO YOTTR DOOR
FIFTY NEWSBOYS TO
DELIVER Tho OMAHA
r...
“There Is I
A Difference”
Try the Original
FRENCH
i I
Dry Cleaning
and Tailoring
J. W. BENSON
2304 North 16th Street
Call WE. 3057—Deliver
i i
I Off ice Phone: WE 0213 f
Res. Phone: WE. 4409 J
Ray Lawrence Williams j
ATTORNEY AT LAW
J Room 200 24th & Lake Sts. i
* Tuchman Bldg. Omaha, Neb.
j ROSS I
I DRUG store j
| Prescriptions Carefully FiMe* J
| WE. 2770 1
iPRESCR^^^™!
JOHNSON
Drugstore I
y Our New Number. WE-0998 g
1904 No. 24th St. Omaha |
yywwVv** »«♦♦♦♦<
Reid-Duffy
Pharmacy
24th & Lake St.
Webster 0609
24th & Cuming St.
Atlantic 0609
THRIFTY SERVICE
6C Per lb.
—Shirts Finished 12c—
EVANS
LAUNDRY
Phone - JA. 0243
Redd T llCa ■ ■
/
-CLASSIFIED ADS^
Furnished or unfurnished room for
rent. WE. 2954. Mrs H. Scurles
Furnished apartments for rent. Call
after 3 P. M. WE. 5524.
FOR SALE—My home at a sacri
fice, 2902 N. 26th St. H. K. Hilton.
Neatly Furnished Room for Rent—
WEbster 4162.
FOR RENT—6 Room Modern House,
Furnished, cheap—Owner leaving the
City—One block from 24th St. Car
Line, and one block from the Lake
St. Car Line. Rent this house and
make the rooms pay your rent. Call
WE. 1750.
FOR RENT—Modern 2 room de
partment. Use of kitchen and bath
Call WE. 4162.
Neatly furnished rooms in modern
home. $2.50 per week. 2429 Lake
Street.
Live or Fresh Dressed Poultry
Delivered to your door anytime
Call WE. 3394
J. Sheppard, Prop.
3310 Bedford Ave. Omaha, Neb.
Protect Your Income with Accident
& Health Insurance.
$6,000.00 . DeatHl Benefit
$100.00 . . Monthly for Disability
DIVIDEND PAYING
—Written on All Occupations—
AOr> PER
WEEK
For information Mail your name,
and address to-_
State Health and Accident
Insurance Co..
Grand Island, Nebr.
Name _ _
Address _ __
I “MARK EVERY GRAVE”
American Memorial Company
MONUMENTS
Cuming at Twentieth Omaha, Neb
Res. Phone WA. 8158- AT.4927
I«
Neuralgia, Severe {
Headaches, Stiff Neck J
and Joints, Lame Back, *
Rheumatism f
USE
RINUTO TABLETS }
ROBINSON DRUG CO.
24th and Decatur St. i
WE. 5000 }
O
TAX FREE PRICES
MILTON WILSON
Redick Tower Garage !j
15th and Harney
ARE YOU CRITICAL ABOUT
YOUR LAUNDRY WORK?
of Course You Are.
TRY OUR SEMI FLAT at 6cts. Per POUND
with SHIRTS FINISHED at 12cts. each
Edholm & Sherman
—LAUNDRY & DRS CLEANING
2401 North 24th St. WEbster 6055