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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 1, 1906)
unday Bee. VMtIT AD SECTION. Pages 1 to 8. A4vrtfa In THE OMAHA BEE Best & West ESTABLISHED JUNE 19, 1871. OMAIIA, SUNDAY MORNING, APRIL 1, 190G. SINGLE COPY FIVE CENTS. T3 f 1 THOMAS BRENNAN, President. A. J. LOVE, Vice President. FRANK J. HASKELL, Secretary miian The Omaha Love Company Certificated Publication TATH OF NEBRASKA. OFFTCB OF auditor or ruBuc accounts. LINCOLN, Feb. 1. ISO. IT 18 HER KPT CRRTIF1ED, That th. American Bonding: Company of Baltimore In t(i state of Maryland, has compiled wltfi the Insurance law of this state, ap plicable to such companies, and la there fore tul horlied to continue the business of fidelity and surety and burglary Insur ance In this state for the current year ending January SI, Wl. SUMMARY OF REPORT FILED FOR THE TEAR ENDING PEC. &. 1905. INCOME. Premiums 4hftl,lft3.1 All other sources l,a3.u8 Total f 742,58 80 DISBURSEMENTS. Paid policy holders.. ..$10,760.22 All ether payments... 446,966.32 Total f 6Z7.71o.54 ADMITTED ASSETS. $1,642,642. 7 LIABILITIES. Unpaid claims and ex penses $22,B25.77 Unearned premiums ,. a2.2;.97 All other liabilities .76.4 t 6S1.775.SS Capital stock paid up.. 600,000.00 Surplus beyond capital v stock and other lia bilities 418.M6.4l 18,W6.fl Total $1,642,642.76 Witness my hand and the seal of the Auditsr of Publlo Accounts the day and year first above written. B. M. SEARLB. Jr., Auditor of Public Accounts. (Seal.) JOHN L. PIERCE, Deputy. Certificate of Publication STATE OF NEBRASKA. OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN, Feb. 1, 1906. IT 18 HEREBT CERTIFIED, That the New York Plate Glass Insurance Company of New York, in the state of New York, has compiled with the Insurance law of this state, applicable to such companies, and Is therefore authorised to continue the business of plate glass Insurance In this state for the current year ending January $1, 1907. BUM MART OF REPORT FILED FOR THE TEAR ENDING DEC L 1906. INCOME. Premiums I4C4.42J.98 All other sources M,t44.4 Total $480,774.59 PI8HUR9EMENT8. Paid policy holders $157,W8. All other payments 267,&191 Total $414,461. 2t ADMITTED ASSETS. $796,669.76 LIABILITIES. Unpaid claims and ex penses $ 8,687.96 Unearned Premiums .... ,M0.11 All othsr liabilities 42,941.84 $290,629.40 Capital stock paid up... 200,000.00 Surplus beyond capital stock and other liabili ties 905440.35 6fe.140.S5 Total $796,669.76 Witness nay hand and the seal of the Auditor ef Publlo Accounts the day and year first above written. H. M. BEARLE, Jr., Auditor of Publlo Accounts. (SesX) JOHN L. PIERCE, Deputy. EVERY KNOWN KIND OF INSURANCE Room No. 1, New York Life Building;. Telephone Douglas 1264. Private Branch Exchange. Call Dept. Wanted. Nebraska General Agents: AMERICAN BONDING COMPANY OF BALTIMORE, Fidelity, Court, Contract and Saloon Bonds, Bank, Residence and Burglary Insurance of Every, Description. THE TRAVELERS' INSURANCE COMPANY OF HARTFORD, Employers Liability, Accident and Health Insurance. NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK, CALEDONIAN INSURANCE COMPANY OF SCOTLAND, SUN INSURANCE OFFICE OF ENGLAND, STATE INSURANCE COMPANY OF NEBRASKA. Omaha Local Agents i CALEDONIAN INSURANCE COMPANY OF SCOTLAND, , CITIZENS INSURANCE COMPANY OF MISSOURI NORTH BRITISH AND MERCANTILE INSURANCE COMPANY OF ENGLAND, PHENK INSURANCE COMPANY OF BROOKLYN, SPRING GARDEN INSURANCE COMPANY OF PHILADELPHIA, SUN INSURANCE OFFICE OF ENGLAND, STATE INSURANCE COMPANY OF NEBRASKA . ' CALUMET INSURANCE COMPANY OF CHICAGO, Certificate of Publication BTATHJ OF NEBRASKA, OFFICE OF AUi'ITOR OF PUBLIC ACCOUNTS. LINCOLN, Feb. 1. lKO. IT IS HBREBT CERTIFIED, That the Pprlnr Garden Insurance Company of Phil adelphia, in the state of Pennsylvania, has compiled with the Insurance law of this state applicable to sue companies and Is therefore authorised to continue the busi ness of fire and lightning Insurance tn this state for the current year ending Jan uary JUt, 1907. witness my hand and the seal of the Auditor of Publlo Aooounte the day and year first sieve written. EL XL SEA RLE. JR., Auditor of Publlo Account JOHN L. PIERCE, (Seal) Deputy. Certificate of Publication STATE OF NTJTBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. Lincoln. Feb, 1, ii. IT IS HEREBT CERTIFIED. That the North British and Mercantile Insurance Company of Ionden and Edinburgh, In the state of Ens land, has complied with the Insurance law of this state, applicable to such companies, and Is therefore au thorised to continue the business of fire and lightning Insurance In this state for tho current year ending- January 81st. 197. Witness my hand and the seal of the Auditor of Publlo Accounts the day and year first above written. B. M SEARLB, JR.. Auditor of Publio Accounts. (SesJO JOHN I PIERCE. Deputy. Certificate of Publication STATS! OF NEBRASKA. OFFICE OF AUDITOR OF PUBLIO ACCOUNTS. LINCOLN. Feb. 1. 1306. IT IS HEREBT CERTIFIED. That the Clt liens' Insurance Company of St. Louis, In the state of Missouri, has compiled wKh the Insurance law of this state, applicable to suoh oumpanlea, and la therefore au thorized to continue tho business of fire and lightning; Insurance In this state for the current year ending; January 91 st, 1907. Witness my hand and the seal of the Auditor of Publlo Acoounts the day and year first above written. E. M. SEARLB. JR., Auditor of Public Accounts. JOHN L. PIERCE. (Beat.) Deputy. Certificate of Publication STATE OF NEBRASKA. OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN, Feb. 1. lm IT IS HEREBT CERTIFIED. That tho Sun Insurance Office of London, In tho tat of England, has complied with the Insurance law of this state, applicable to such companies, and Is therefore author lsed to eontinue the business of fire and lightning; Insurance In this state for tb current year ending January 81st, 1907. Witness my hand and the seal of tho Auditor of Publlo Accounts the day and year first above written. .... B. M. SEARLB, JR.. ' '"""J3i(3ltor ef Public Arcmjntsv JOHM X PIERCE. (BeaL) Deputy. I We Insure Anything. Anywhere WESTERN LAND OS THE BOOM Bottlers Pourin? Into Nebraska and Kansas in Vast If ambers. UPS AND DOWNS OF LAND VALUES Some Tantalising Figaros of Pronte Famished Eastern People Who Were la tho Swiss, a Few Tears Ago. In these words' and figures Charles M. Hargerellu in the Boston Transcript how the demand tor western land booms along: The middle west Is going through an other 'land boom. It began three years ago and Is now at Its height. Starting with the' efforts of the railways to secure settlers for their new lands In the south west and northwest and with the Canadian government's seeking for settlers for the wheat lands of the tar northwest. It has spread until the wholo plains section . ta awake to the land speculation. At every station tho land .agents meet ail comers and the country papers have long lists of sales in every Issue, showing the transfer of realty at prices 20 to 60 per. cent higher than was paid three years ago. It U probable that the average advance In the past year has been fully 10 per cent and yet there ar those who say It has only begun to advance. "Look at land back In Illinois and In diana," Is a favorite argument. "That lund Is no better than this out In central Kansas and it dues not produce any moro ctops, but It is selling for 1100 to 1150 an acre. Why should not our lund sell equally well?" It la the same old argument that was used In the 'bo's when the other laud boom Went over the west. A banker of Roches ter then bought a quurter section (ItiO acres) near the town of Goodland, near the Colorado line in northwestern Kansas, lie paid $!. for It. At no time In twenty years has he been able to get for it what he paid until a few weeks ago. The price had been creeping up, starting at M, and finally reached 110 an acre and he let it go. lie lost the interest on his money for twenty years, but was glad to get back what he spent. Out In southwest Kansas a county that hud been tuklng In lund a for unpaid taxes for ten years, until about one-third of the real estate was forfeited, sold the whole collection the other day at auction In order to clean up the Indebtedness. The lands sold well, most of them going to cattlemen who want rancb properties. Not Entirely Saeealatlve. The land movement Is not entirely speculative because there Is a positive demund for lands, fostered by the large number of people who are moving west every month. This Is particularly true of the spring season. ' Two weeks ago 10,000 people went through Kansas City On homeseekers' rates, all bound for tho southwest, Th BantA F trains ran out of Chicago In four sections. Tb Rock Island trains were similarly crowded and very seat and aUle as filled on every train tiutt "went out f Kjuum Oity. This means a great number of new buyers for the farms. Farther west in the short-grass country. where lands are cheaper, the excitement Is even more acute. The remarkable wheat yields that have paid for the land many times over have caused a craze that gives indication of making everybody connected, with It rich provided none of the plana mis carry. It Is based on a steadily Increasing Immigration and an ascending series of values for lands. It Is curious to note how this land craio affects the banks and business interests of the prairie states. At Hebron, Neb., the other day a banker, who has the largest land business of the community, was talk ing of the remarkable Influx of settlers pouring from Iowa and Illinois Into that section of Nebraska. The land around Hebron is chiefly grain land and in favor able seasons splendid crops are raised. These crops have continued for the last eight years with uniform success and in consequence the farms have been very prof itable. Mosfr Come aael Goes. 'lAst week," said he, "wa paid out $115.- OOC th was checked by our customers to buy lahd. yet In the course of th week w Increased our deposits over 10,000. The money cam In from th settlers who had moved her with their families and their household goods and were buying farms with the cash received from their old homes further east. Every depot is heaped full of household goods and the newcomers are all a most prosperous and successful class of farmers." "But what becomes of those who move away?" "Well, some of them ar going out to th Irrigated section of Colorado along the Arkansas river. A half train load left Su perior, Neb., a day or two ago for the Pecos valley. Scores of well-to-do farmers of middle age are moving into town. These three classes account for a great proportion of the people who sell out. "Our bank haa taken in a great deal of real estate in th last few years; some of It we have purchased; some of It has come Into our hands through th handling of estates and In various other ways. I would not be surprised to see land go to 1100 per acre but we are selling our land. The land that stood us in $40 an acre has for eight years paid an Interest of S per cent .on that valuation, but with the land Increased In value to 175 or $S0 an acre our Income rat sinks to little more than 4 per cent. W can take th same money and Invest it in 6 per cent commercial paper and make a larger Income than from th farms, with th added advantage that there may be a decrease in farm lands." Baying oa Tim. Not all of these land sales ar for spot cash. Many of the settlers who buy a half section and a quarter section are borrow ing from $15 to 134 an acre In order to make out their payments. With the additional necessity of purchasing farm implements and making Improvements their Indebted ness becomes considerable and along with the deeds filed are a great number of farm mortgages. Some of these mortgages are offset by the amount still due for the lands the newcomers have sold In states farther east, but there is a large amount of In debtedness to be taken care pf. With the steady income, such as has been the for tune of the west for the last eight years, no difficulty will be experienced. The usual rental for farm lands is one third, or a little more. According to the banker quoted above, he his found this to be an average of about $400 an acre. As long as this - income Is steady the dweller on the farm Is able to make a very good return and he, of course, gels more out of the land than the average renter would secure. The fact Is that the investor in western land in th present wild excitement and boom has a very small opportunity com pared with the man who is on the ground and who has the first chance at the buyer. "I had two sections of western Nebraska land," said a minister, "on which I had paid, with great difficulty, enough to se cure my title, I heard of land sales in that section and was anxious to clean up a profit. Writing to an agent, I placed It In his hands and finally obtained an offer of $10,000. This was barely' enough to meet my mortgages and Interest payments, but he assured me that nothing moro could be expected at this time. I let It go and dis covered, to my disgust, a few months later that he had taken the title himself and transferred it Inside of a week for $15,000, cleaning up not only my commission, but $5,000 profit. That is a sample of the way in which the distant land owner fares." Signs of tb Times. At Superior, on the line between Kansas and Nebraska, about midway east and west, staring at one as he alights from the train. Is an Immense sign erected on a piece of prairie and visible for miles. It reads : "We have 1,000 acres for sale. "W have $00,000 to loan at 5 per cent. "We will loan to you If you buy." This Is merely an example of hundreds of others scattered through small towns of the plain region even out to' the very edge of the mountain foothills. Along th streets of Goodland, twenty miles from the Colorado line, ar th same kind of hug signs offering tens of thousands of acres and tens of thousands of dollars, catching th Investor iroing and coming. As yet th eastern investor is not Involved largely In the land erase, but If the move ment continues and the borrowing to make yet larger purchases grows, as it is likely to do, it wlJ be but a short time when he will be. The possible profits In a steadily Increasing land values are. very fascinating. Th small Investor Is less likely to get Into the land craza because it takes a comparatively large capital to handle land. Even with generous borrow ings th amount Involved Is large. The In vestor In farm mortgages. If the values be come too much inflated, Is the one who will suffer, though that feature Is less to be considered than in th old days, because th conditions under which western farms are managed are far more stable and the possibilities of th climate are better understood. The Divining Rod. A curious survival of superstition is the use of a "wand" of witch hasel or other wood to locate metals, water, petroleum and almost anything elne one hopes to find un derground. The practice la as unreasonable as possible, but it has led to unaccounta ble discoveries for centuries, and still pre vails all over the civilized world. The latest Instance of It Is th use of a witch wand by Mr. Lamphear of Anacortes, Wash., to trace a river of oil 800 (set underground and some sixty miles long. Portland Ore-gonian. Building Operations in Omaha Continue Uninterrupted Through Winter --V ' 3 it" : i ... ... ... i V - . ' a a ih - -" ."t s . j T A- -PROGUtaa OP WRIGHT A WILHELMY CC'S NEW BUTLOIKCI. LIVE REAL ESTATE TOPICS Building Operations the Real Basis of Omaha's Widening Eealty Activity. MEMORIES RECALLED BY SALES OF HOMES Interesting Grtst of Gossip of Special Interest to Those Who Deal la Town Lota aadi Farm Lands. "The substantial basis of real estate ac tivity In Omaha is to be found In the building improvements In progress," de clared the veteran real estate man. "The unusually open, winter this year has al lowed buildings operations to go on con tinuously without interruption and go wherever you will throughout th city you will see new buildings going up or being completed, although this is not supposed to be the building season. This is par ticularly true of the downtown district. In all my experience here Omaha has not had so many big building propositions un der way at one time as It haa right now. I do not except even what was called th good old boom days, when the high water mark waa reached. When sites are needed for new buildings the demand for real es tate Is sure to be brisk and tb values sure to keep going up. When a man Im proves his property by putting a business block on it, he improves all the real estate close around It, and one new building leads to another. It is very much like a con tagious disease, because the neighbors catch the building fever from On another. The most healthy thing In - Omaha's real estate business is th building expansion we ar enjoying." "Did you notlo that th old Collins home stead on Nineteenth and Capitol avenue has Juat changed 'hands?" pursued the veteran real estate man. "There Is an In teresting hlutory that old-timer recall about Nineteenth and Capitol avenue. Th Collinses had one corner, which In th early1 days was th seen of much social entertainment. That was on th south west corner. Th southeast corner at th same time was occupied as the residence of Henry W. Tate, tutor h moved out to his beautiful place on West Chicago street. The house on the northeast corner was the horn of Ezra Millard and his family, and the northwest corner waa the home of Charles H. Gulou. All of these places have been tranbformed tn later years into rental buildings, but they have an air of historic reminiscence about them which once marked (hem as th very cen ter of Omaha's social life." Agitation to do something with the court house seems to be growing, but much di versity of opinion exists as to Just what should be done. "It would be a great thing for us real estate folks if the court house should be moved," dexiared a well known real estate dealer the other day. "It would open the way for aoui big real state deals, not only by locating tb new tCon.Uu.uc4. OB TwUs)