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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Feb. 19, 1907)
TTTE OMAHA DAILY BET!: TUESDAY, KKBHUAUV 10. .1907. LETTERS HtOMBEE READERS f William Stall E-pli s to irtcismi of Trtiit Conpuny Bill. INSISTS THtRE IS PRESENT NEED FOR THEM Rrlrwi the nanltlsK Mtsintlnn and laslata Oppo.illnu la ! lo Mlsln formatlon or Jriilonajr of Exlatlag Inatltntloes. Contributions ori uinoiy topics are Invltad from reader of Ino Hee. Communications snonM be written leiciLily on one aide of tcie puper only and accumpHnled by tn n-ime and address of the writer. The nsmo will not be uaed If the writer mrkt that It be wlthlie.d. t'nuaml com munication will not be returned. Correapondf nta are advliied to limit their lettis to ' word or they will be KUbJect to bplng cut un to that limit "t tlic discretion of the editor, t'ubiicntiona of views of cor respondents must not be taken to commit The Bee to their tndorse ment. . OMAHA, Feb. K-To th Editor of The Bee: Let mn say a few things sugg'stod by an article headed "Trust Companies, ' lirned by James W. Hall and published In the Lincoln Journal.- Mr. Hall-anami.es that a trust company -In a-, niyterlous and dangerous thin. Ho any that a, me tf the bills Introduced for the purpose of or ganlrlng and controlling trust companies In Nebraska "look Innocent, but none ute philanthropic and nil have a pnrpr.se near or ultimate banking privilege." This lust, namely, that Ihey have a. purpose of ul timate banking privileges, discloses his whole objection to the. blls. He falls to advance a single argument or give a soli tary reason why trust companies are bad. If they are. bad, why did he not point ut some reason why? . He says the "legisla ture of the state cannot afford to open the door to financial Innovations now," an-1 assumes that the trust company Idea Is something new, novel and . untried. They , are nearly or quite a half century old In this country. They are, nnd have been for many years In nctlvi and satisfactory op ratlpn In every one of the New England mates. New ,Tork. Pennsylvania and. I think, nearly all the states ea.it of the Mississippi river. Again, he says, "Out Institution? (mean Jng banks. In Nebraska) have grown up tinder the strict supervision of state care ' and are entitled to protection from modern financial enterprises." How long Blnee ' Nebraska has refused to accept modern things, especially those thoroughly tested by the, most conservative commonwealths In the nation? As to the strict supervis ' Ion of these bnnks. how did It hnpien that under this "strict supervision" more than 80 per cent of all the savings banks In the state of Nebraska failed before we were through with the panic, of 103 and calamity campaign of 1W? I protest that theae banks fslled chiefly because there tio strict proper supervision. I still farther : Insist that none f the methods which 1 brought those banks to ruin are prohibited by the laws governing bnnks In Nebraska 'today. Is It not a significant fact that the only one of the savings. banks In Omaha '.that hns paid Its depositors In full was the one conducted as part of a trust com 'panyT ; I have above referred to the result of ber "strict supervision" of savings banks let us look at the national banks. Ne ' braska has had, since 1801, nineteen na tional bank failures, two have paid no dlvt ' dends at all, one paid 6 per cent dividend and only one of the whole nineteen paid a dividend of 100 cents on the dollar and that was a amall bank whose proven claims amounted to only $19,630. My opinion Is ' that personal prde had more to do with , this payment than legal restrictions. Of J the whole nineteen banks the average ..dividend paid the creditors waa 43.89 per cent. I challenge any one to find any state in the union, having as many trust com panies as Nebraska bad national banks, , In which the proportion of failures of such trust companies was one quarter as large 'as the failures of national banks In the ' state of Nebraska. I . challenge him to And a' state In the union with as many 'trust companies as there were savings banks In Nebraska In 1802, In which the -proportion of trust company failures was one quarter as large as the proportion of failures In Nebraska savings banks. A large portion of my time has been 'spent In New York and the New England states during the last twenty years. I have been In close touch with their financial Institutions and have a large personal ac quaintance among the bankers there. In .all this time I have never found a single business man or banker that questioned the safety and desirability of a properly ASLEEP BROKEN BV Skin of Whole Body Covered for a Year Awful Itching Kept Suf ." -ferer Awake Half tho Night Tried All Kinds of Remedies but They Had No Effect. CUTICURA REMEDIES A PERFECT SUCCESS "I wish to let you know that I havo Deed one set of Culic-ura Rt-roodiea one cake of Cuticura Soap, one box of Cuticura, but two vials of Cuticura lieeoivent Tills which cost me a ' dollar and twentv-flve cents in all. For a rear 1 have had what they call eczema. I bad an itching all over nw body, and when I would retire fur trie night it would keep rue awake half the eight, and the more I would scratch, the mere It would itch. 1 tried a!l kinds if rem edies, but could get i i relief. A friend ef mine told .me to try the Cuticura Kemediea which I did, and am very (lad I tried them, for 1 was completely cured. If any of my friends tht-uid be troubled with the same diseaeo, I will cheerfully recommend the Cuticura Remedies, and if 1 know any orio who wants to know how 1 cured tnvaelf, I hall be (lad to tell them. Waiter V. PafluiK-h, 207 N. Hobcy St., Chicae., 111, Out. S and 10, luJ." CUTICURA Tb Great 5kln Cure and Purest and 5weetest of Emollients. .Cuticura Ointment is, beyond jue tion, the m-".t sucuetfeful curative for torturing, di."li;-uriDg humors cf t ho skin and acaip, including of hair, yet coin pounded, in provf of which a eir.le anointing with Cutioura Ointment, pre ceded by a hot bath with CuUoura8oap, and followed in thoseven-rcatmt by a di se) of Cuticura Kesuivent il.uptij or fiiU), is of leu sufficient to tftVrd immediate re lief in themoetduitreingfi.rmsif itch tag, burning, and nuiy humors, eczemas, reabea, ana irritations, pertn:t rent and alorp, and point to a aixtsdy cure when most, if not all, other reuuxiiea and even hraiviana fad. - OaimjaHa External and Internal Treatment tee Fry htioor af lin.ula f luttlrvn, aod Adu.U roil a4i t CuiM-ura oij i2.V i wum ui m n, t ulmjra n't.."t i fc Uj Hi lh ml Cull aura SMaut liir J, tor m iim ionm t I h.ifo.ia t fitm. J.. M l ul sill to r-urt'r Um buiL Su.4 tSH.ub tbs aortd. Piuar larag A 1 iiiai. ITCHING ECZEMA BEGIHAITHETOP mm a conducted trust company In his comunlty. Borne of the commercial banks complain that It deprives them of some profitable df-pofltors because a trust company can can afford to pay a higher rate of Interest to a certain class of depositors than a com niorclul bank can afford to pay. This last fact la. In my opinion, the only valid rea son for certain bankers In Nebraska ob jecting to a trust company law. I do not mean to cast reflections on the management of any savings banks doing business In the state of Nebraska today, but I assert without fear of contradiction that If theae savings banks in Nebraska do not meet with the same disaster that befell their predecessors between 189S and 1S96 It will be because of the personnel of the management and not In the slightest degree because of added restrictions placed upon those Institutions by existing statutes. It Is the hope of those Interested In the trust company bill that by throwing ad ditional safeguards about deposits and de positors, confidence may "be relnspired and our people Induced to again deposit, and thus get Into legitimate channels of com merce the millions of dollars that are at present hid away In safety deposit vaults, etc., by Nehru ka people, or put Into doubtful Investments wholy outside of the state. Is It not a significant fact that while the savings bank deposits in Minnesota are equal to $12.00 per capita, and In Iowa 155.68 per capita, the savings bank deposits of Nebraska are less than $2.00 per capita T Will anyone believe that the financial condition of- the people of this state la so much worse than that of our neighboring statesT If true, we may expect an exodus from Nebraska before long. But no one believes thnt It is true. The only reason for this unfortunate showing, on the part of Nebraska people, la, In my opinion, simply because no law has ever been passed sufficiently governing and control ling the organization and management of Institutions receiving savings deposlts.-- In the legislature of 1891 a strenuous ef fort was made to put proper restrictions upon the management of savings banks and the investment of their funds. At the request of the committee on banking, I assisted In preparing such a bill. Had the bill so prepared then been enacted Into lar one-half- the . savings bank failures which have since occurred would have been averted, but when the bill was com pleted' delegation from Omaha and other parts of the state appeared. I think that nearly every savings bank that afterward failed was there to protest against the provisions of the proposed law. They were aided by a class of bankers who are now objecting to a trust company law. The savings bank managers insisted upon a wide open law for their business. The other bankers referred to seemed to have no Interest In the proposed law further than It should be so framed as to obstruct and so far as possible prevent competition with their business. Is It not about time that those who are shouting "Stand up for Nebraska" and all other good citisens should get together and work for the common good Instead of combating every movement for the better ment of the community. If it might In the remotest degree interfere with personal business? Had the wholesale merchants of Omaha been actuated by this narrow spirit and, fearing competition, combated it Instead of inviting new nouses to come, Omaha's Jobbing trade would be exceed ingly small and most of our best whole sale merchants would have gone elsewhere to conduct their business. The trust company has become a rec ognized and beneficent factor tn all the older communities. It Is no longer an ex periment. There Is a large volume of busi ness that cannot be conducted by either the national or state banks. For example, the Idea of personal executors, adminis trators, etc, has become almost -obsolete In all the older states. It having been found that a properly organized and con ducted trust company will perform those duties much better than any Individual posHibly, can. liecauHe of tho absence of trust com panies In Nebraska some of our wealth iest citlxens have already urranged to have their estates settled outside of Ne braska. I know of several more who are awaiting the result of bills now before the legislature and if Some of these are not enacted Into law arrangements will Immediately be made for these estates to be hundUd by trust companies elsewhere. This means, In most cases, a permanent withdrawal of a large portlqn of those fum'.a from Nebraska. I have not thus far heard a single reason put forth 'in opposition to a trust com pany law except that It may Interfere with somebedy's or some bunk's present business. I think those making such ob jections are short-sighted. My observation hits been that through New Tork and New England In every community where I a trust company has been established it 'has not only .been a great benefit to tha community, but has beet, rather a help than a hindrance to the commercial banks. It nmy have taken from them some of the small deposits because the trust com pany could afford to hands these trust funds and pay a higher rate of Interest on such deposits than the commercial bank could. On the other hand, it has Increased the legitimate business of the commercial bank because It has stimulated other enterprises In the community. 1 do iot know that I shall ever owp a dol lar's worth of stock In any trust comm.n in case a satisfactory Uw Is enacted, i do leel. bowever. that It would be a great misfortune to the state of Nebraska if a suitable law for tk.e organlxatlon and con trol ,of trust companies is not enacted by this legislature, becvuse 1 believe they would be very great fartors In the develop ment of both city and state. WI1.UAJI 8TULL. BaUdles; lernnts. Tha following binding permits havs been laaiird: Omttba Cus company, Twentieth and Center, steel gas holder, liff.uiu; Wil liam Kochford, Twenty-fourth and Oak. brii-k dwelling. V.'Wi Charles Malllnan, ttl t?iiu'tr dwelling, $3.t'; Myron Heed -miMin.v. Z7'6 t'htcKO. repairs: K Thoiupaon, .Vn Webster, dwelling, ll.au); Oua Land, 7iw NurlU Tulniflh, (J walling, titiu ... .... wm AFFAIRS AT SOUTH OMAHA J. Cole Ditcnwcfi Art-amenta Advanced bj Aoti-Annciationistt. MAY AMEND OIL TANK ORDINANCE Propositi to Locate the Mora Plant Block Farther Away from Slaughter lloaae Salooa Is Robbed. Mr. E. J. Cole, in an interview here yes terday discussing the problems In connec tion with the merger of the two cities, said: "The assertion that the antl-annexatton forces arc about to send BOO representa tives to Lincoln to protest against Im mediate annexation Is an extravagance be yond the utmost fancy of any except those who are seeking to mould sentiment In the minds of the legislators. It is likely they will be caught "short" when the time comes to make a delivery of these prom ised petitioners. The time nor the patience of the law makers will not be much ex hausted by the delegations who actually believe that Independent life Is vital to the Interests of the citizens of this city. There may be some who will desire to be rep resented In Lincoln when the ' measure comes up, but most of them will either have been office holders or friends of that class. There may be some actuated by purely sentimental reasons. Most of ' the antl-annexationlsts have ceased to offer any answer to arguments for the union of the two cities. "There are In every community two par ties, political or otherwise. One is the originator of matters of progress, ques tions of vital Import and practical advance ment and the other, whatever the question, the Import or the movement, are against It. Such Is the situation In South Omaha. Men who claim to be rational In the ordl-nary affairs of business fall to look farther Into the future I than the points ol their noses. They fall to see that Omaha has every reason to be as great a city as Chicago Is today before the end of this century. At that date SoAjth Omaha will be as much the center as Omaha la now. Efforts to pre vent the Interests of the people In either city working Ir. harmony are nothing but a bar to progress, and like cutting off the nose to spite the face. All the difference that will be noticed after annexation will be a slight matter of adjustment. A few people will have to change their business In those cases where it has depended on the benefits drawn from city offices or fat contracts with the city. Of course this class has always been loudest In objections against any move to take the city govern ment out of their hands. "The argument that real estate would depreciate In value Is not heard anv more. Sometimes the question Is asked, "Why Is the property near Twenty-fourth and A so much more valuable than the property farther north in Omaha?" It Is because the commission men have desired for years to build their homes convenient to both cities. On the east side, where I reside, that question Is unheard of. On Thirteenth street the values are exactly similar. That Is because there is no desire on the part of the prominent business men to make that particular quarter their home. Just across the tracks, on the same streets, where the property is so high In the High land Park district, there is no difference In the value of property on either side of the line. Highland Park will never suffer by the change, because the reason for Its being fio built up is the heavy buslnoss interests of the packing center, and will be strengthened by the community) of in terests between the city on the north and the city here. In almost every other sec tion of South Omaha property values are far lower than in any part of Omaha." May Amend Oil Taak Ordlnaaee. Mayor Hoctor has announced that since the protest waa filed by certain property owners near Railroad avenue and W street against the erection of oil tanks at the, point designated in the ordinance he Is endeavoring to have the tanks erected a block further north. He stated that it waa his belief at the time the franchise was granted that the location was at the point desired. It has appeared amusing to the people of Omaha that the petitioners should name as one of their objections the fact that the tanks would give rise to various disagreeable odors. To their senses any thing which could compete with the fa miliar odors of this city as it Is would have to be the "real thing" in that line. But the fact is that the great objection on this score was that the tanks would have been erected within sixty feet of a small slaughter house In operation there. It was believed that the meat would be tainted with the smell of the oil. ' Green's Balooa Robbed. Del Green's saloon at Twentieth and N streets was robbed Saturday night. A yet the police have not succeeded In roundlng up the intruders. They entered by prying up one of the back windows, when they were able to crawl into the room. They broke the cash register and secured $3, chiefly nickels and dimes. This is one of a half dozen Jobs of this kind in the past three months. The burglars seem to pick on saloons because they are easy of access and unguarded. Oolf Play Beglna. ' The golf enthusiasts took their first ram ble on the links of the Bouth Omaha Coun try club yesterday afternoon. A dosen or more gentlemen of the club appeared in rather heavy apparel and chased the little white spheres around the course. The in variable caddy bobbed up- in his usual serenity ready to lighten the search for mis-sent balls. Puring the warmth of tho afternoon many members drove to the grounds. If the good weather continues next Sunday will find the course thoroughly alive. The efforts of the management, now that the details of making the start have been attended to, will be directed to mak ing tha guests more comfortable. ' 'Maalr C'tty Goaalp, II. C. Murphy has gone to Chicago. Mies Pauline Curry is visiting relatives In the city. Mrs. Freed of Emmet, Neb., Is visiting relatives in the city. Myles E. Welsh is spending two weeks in the western part of the state. Jetter's Oold Top Beer delivered to all parts of the city. Telephone No. s. Mrs. Frank Mockler and Mrs. S. B. am uaaanudu pure. The critical ordeal through which- the expectant mother must pasa, however, ia ao fraught with dread, pain. Buffering and danger, that the very thought, of it fills her with apprehension and horror. There is no necessity for the reproduction of life to be either riainfui or dangerous. The use of Mother' Friend so prepares the system for the coming event that it is fely passed without any danger. This great and wonderful remedy is alwaya ft applied externally. and has carried thousands of women through the trying crisis without suffering. 8aaa tor free book euntalatng InlomaUua f pnoeleae value lu all axvacuuil suoUiars. Tkf 8ra4fll Raaulatot. Cf. Atlaata. fca, Christie gave a card party Thursday even ing. Mlas Reta Lambert of lunlnp, la.. Is the gueat of her aunt, Mra. LJvingntone. The Royal Achates No. S3 will give an other dance FVhurary 21 at Odd Fellows hall. Mlwa Marjorle and Catherine Welch entertained the J. J. club during the last week. C. W. Knight has gone to Qulnry, III., on business tor the Cudahr Packing Com pany. Mrs. James Van Dnaen will entertain the Women's Home Missionary society Febru ary Z2. Washington tent No. 67, Knights of the Maccabees, will hold an Important meeting Wednesday night. Mrs. Anthony arrived at home yesterday from Ounliip. la., where she went to attend the funerul of her mother. James Wadd-ll Is visiting his parents at Hoone, In. He Is iiccoinpanled by his nephew, Frank Chambers. P. If. Shields la to take his two Weeks' vacation this week and next. He will spend them in Minnesota and Iowa. No arrests were made yesterday for "lid raining." The officers reported that all places of business were closed. Mr. and Mrs. W. W. Fisher and Mrs. Jasmer entertained at the home of the former last Thursday evening. Rev. and Mrs. Ralph W. Livers will leave today for a visit with his brother at Benedict. While there he will assist la special services. Miss Ella Reese Is the guest of numer ous friends, having arrived In South Omaha the beginning of last week. C. E. Fltislmmons of Schleswlg. Ia., Is initlng with his brother, W. A. Fltislm mons, Eighteenth and Missouri avenue. The A's and B's will entertain the bal ance of the members of Mxgic City coun cil No. 376, Knights and Ladies of Becurlty, this evening at Woodmen hall. It Is reported that next Saturday will be the time for the laying of the corner stone of the new city hall. THo council has not taken definite action on the matter. CONCERT BY BOHEMIAN TENOR Vladlat Florjaasky of Pragoe Appears at National Hall Inder Auspices of Tel Jed Sokol. i VladiFt Florjansky, for twenty years leading tenor at the National theater of Prague, Bohemia, waa heard at National hall Sunday evening in a concert given under the auspices of the Tel Jed Sokcl, a Bohemian society. He was accompanied by Fr. Veselsky, a Fol Ish pianist, and Mrs. J. H. Shary, an Omaha soprano vocalist. He executed nine selections, all from Bohemian composers, which were varied sufficiently to bring out the many excellent qualities of his volca His tones are exceptionally pure and his voice displays wonderful carrying powers. His high notes are taken with an aston ishing ease and are perfectly free from any nasal effects or suggestion of head tones. His most effective selection waa "In My Dream I Saw Thee," 'by Vymetal. Fr. Vesolsky is an accompanist of exceptional tact and talent. Mr. Florjansky also ren dered several numbers In which he dis played faultless technic and much power. Mrs. J. H. Shary possesses a rare sweet mezzo soprano voice that exhibits every evidence of careful training. She sang "Ela'sr Dream" from the opera Lohengrin with fine effect and was repeatedly en cored. FLATS ON THURSTON SITE Fifty Thousand Dollars to Be Pat Intei Bnlldlna;, Twenty-Fourth and Far nana. Dr. J. E. McQrew found the building of flats last year profitable and is preparing to erect more this spring. He has had plans drawn for $12,000 flats at 1815 Chicago street. Ed O. and R. P. Hamilton will build a $50,000 apartment house at Twenty-fourth and Farnam streets, on the ground now occupied by Thorwald, the old home of Senator John M. Thurston, built in 1881 The possibility of a street care line on Twenty-fourth street is making the exact location cf the building a problem. It may face Twenty-fourth street and contain stores on the first floor, or it may set back on the alley, leaving a big stretch of lawn in front of it. The Hamiltons now have one large apartment house on the east half of the block and expect eventually to have three. William McCune has bought through the Byron Reed company a $3,000 house at Twenty-fifth and Cadwell streets. He ex pects to build another beside It. This la Mr. McCune's third permanent Investment In the last few months in Omaha real estate. FRESH HARMONY FOR SALE Painter Who Knows More of Politics Thau Dixie Creates Borne Mischief. He was a politician, the painter who painted the ne v sign in front of a certain Sixteenth street meat market. And he had never been down south where they get the real, old-fashioned lye hominy. "Fresh Harmony For Sale," was the sign he painted. . People passed and looked and laughed. "Fresh harmony," they murmured. "What's the matter, have the democrats and republicans come together or have the 'machine and antls' reached an understand ing?" they asked themselves and each other. But their queries were soon answered by a rotund and Irate butcher . "Vas la loce?" he shrieked. And a dozen voices answered: "Fresh Harmony For Sale." That painter has not been engaged on an annual contract. MAN KILLED BY LOCOMOTIVE Charles Kobernawlts, 118 Pine Street, Rna Down hy Engine Rear WIN , low Springs Brewery. Charles Eobernawltz, 118 Pine street, was run down and killed Sunday at 10 o'clock by a Burlington switch engine near the Willow Springs brewery. He was standing between the main line tracks with two friends, Joe Brown, 610 Woolworth ave nue, and William Hellwlg, 139 Lincoln ave nue, awaiting the passing of a string of boxcars, when the switch engine paased on the other track near which he waa standing and hit him. His death waa In stantaneous. His body was taken in charge by the coroner and an Inquest will be held Tuesday at a. m. He waa about SO years old. No woman' happi ness can be complete without children ; it i her nature to lova and want them ?LTi much to a gin Vif it ia to love me beautiful and IFirBfBDdslI Three lines! What can you do with three lines? Give the long one a twist like this Bring the two short ones together like this Put all these together, like this And you have made dollars out of three lines. What is the easiest way to make dollars out of three lines? If you have a business to sell, put a three line want ad. under our Business Chance Classification, like this: Any old thing that is in your way," such as furniture, tools, clothing, fixtures, etc., turn it into dollars through a three line ad under, "Offered for Sale' like this: Lower your house rent by renting a three line ad, like this: ' Exchange your land for city property or engage in a busi ness to your liking with the aid of a thre line ad under pur ' ''Barter and Exchange'' column, like this: . Competent help means dollars to you The Bee is a mar ket for that kind. A three line ad puts you in touch with the best, like the following: There's money in poultry, and The Bee can find you buy ers through the "Poultry and Eggs" classification. Try an ad like this: To sell your horse, buggy or wagon, "Horses and Vehicles," like this: A three line want ad One time 10c Every drug store is a Bee want-ad branch office, or Phont Douglas 238, if you cannot call at THE BEE OFFICE 17th and Farnam "The want ad corner" Withi &vryl4tyt r tchrtacht$ everybody. FOR SALE Money-making restaurant, cigars, tobacco, candles and fruit stock; a good chance. Box lit, Shenandoah, Ia. (4) MII6 lis FOR SALE: Cheap, two large Ice boxes in good -condition, one 1x1, one 1x14. Ala nilto Sanitary Dairy Co 1(11 Farnam. ) T7I 1 ELEGANTLY furnished south room. bath, strictly modern, phone; privileges of home. Reasonable. 1 010 Harney St. (IS) 410 Feb. Ta WILL EXCHANGE 110 acres, cultivated, eastern Nab, good income property in Omaha. What hare rout T, 410, Baa. B 110 Feb. 10X BARBER SHOP In Omaha, olearlng It, too annually, Ur country store In Neb. Bar some cash. T 110, care Bee. (B)-lll FeblOx ENEROETIC yaung men, good referenoes, to learn business. Confidential position. Good salary. Promotion. Write C II. Bee. () 10 JanWx WANTED 1 1 Intelligent laborers; wages, 4lo hour. Apply after I p. m. today. Kodak Exhibition, Chambers' Aoademy. ()! la BUFF Orpingtons, none better eggs 11.10 setting. Jacob Stuta, Importer, breeder, 10 MoDougall Ave., Detroit. Mtoh. (ID M1I4 Ui FOR SALE 4-year-eld horse, city broke, single or double; also buggy. Inquire 01 Capitol Ave. Colwell. ll) Mill It Three times 25c spare room through a use an ad . under Seven times 45c