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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Sept. 19, 1907)
THE OMAHA DAILY fcEE: THURSDAY, SEPTEMBER 1I, 3007.
th balance sheets of recent date, and that
h had Made, Bo seanohj lor tha balance
sheet previous to Mr. Fay tejtlfled
that ha had imA no balance sheets of th
IWatere-Plerc OH company.
"Why la It that your offlca. which haa In
formation of other companlea, haa no In
formation tt ths "WaUrs-Plercs Oil com
pany T" asked Mr, Kellogg.
"i do not know." replied Mr. .Fay.
, , Bradlaa; Aatl-Trts. TLnw.
Charia M. Pratt, secretary of tha Stand
ard .Oil company, took tha witness atand
thla afternoon. He aald during- receas that
repreaentattvea of the government were
going orer tha ledgers of the liquidating
truateea and that Information concerning
the liquidation of the trust waa being pre
pared for presentation In court.
Mr.- Pratt was shown a, statement show
ing the Income ot the Btaadard Olt tom
pany of New Jersey from the C. M.
Pratt Investment company and asked If
the Income waa the total amount of divi
dends received fram tha Watera-Plerce
company. He replied that It was. Mr.
Pratt said that the. , cartlAcates he held
In the Waters-Pierce Oil company were
endorsed In blank, by H. Clay Pierce of
Bt. .Louis, the president. Prior to 1900 the
Waters-Pierce Oil company of Texas had
a capitalisation of 1400,000 and tha Standard
Oil company owned JJ47 shares, Mr. Pratt
said he paid out of his pocket $475,000 for
the stock and held It In the Interest of the
Standard Oil company.
In May, 1905, the new' Waters-Pierce Oil
company was formed with the same cap
italisation, and Mi". Pratt exchanged the
old certlflcatee for the certificates of the
"Why did you hold this stock for .the
Blandard OU company T' asked Mr. Kellogg.
As a matter of convenience," was the
"Now, as a matter ot fact, did you not
Hold this stock to evade the .anti-trust
laws ot Texas?"
"I do not know," was Mr. Pratt'a answer.
Hale of Waters-Pierce Stock.
I Mr. Pratt said that In March, 1904, he
old the Waters-Pierce stock to M. M- Van
liueren, who, the witness said, had no con
nection with the Standard Oil company.
Mr. Van Bueren paid about $4,000,000 tor
the, stock, giving $150,000 In cash and the
rest in notes. The cash and notes, Mr.
Pratt said, were turned over by him to
the Standard OH company. . Mr. Pratt said
he did not know why the stock was sold
io Mr. Van Bueren.
"The dividends tha first year he held
the stock amounted to $J,00,000 and you
sold the stock for $4,000,000. Did you think
that a good price for the stock?"
, "Yes; I considered It a fair price," was
Air. Pratt's reply.
. "Did you consider the sale bona fide?"
Mr. Pratt said that Mr. Van Bueren
returned the dividends. to the -Standard Oil
company and recently .sold the Waters
Pierce stock back to , the Standard Oil
Company of New Jersey and the cash and
notes which he paid for the stock were
Returned to him. i
NEW YORK SCHOOLS CROWDED
Report of Superintendent Maxwell
I Shows Twenty Then sand
More tha Last Year.
' NEW YOR4C. Sept. 18.-S1X hundred and
itilrtjr-seven thousand three hundred and
eighty-seven children are enrolled In the
schools of New York this faTt, according to
the figures compiled by' the 'superintendent,
William H. Maxwell. This Is an Increase
vol more than 20,000 over last year.
The figures 'show that In three boroughs
there in 64,4 10 pupils, who are on part
time, owing to lack of room, This Is a. de
crease of K,4.sipoe September,, 1906. This
number will be lowered In a month, when
,000 extra sittings wrM be available through
jne completion or several ecnoois.
v Exhibit of Black 1IU Minerals,
HURON. B. D.. Sept. 18.-(Speclal.)-At
the close of the state fair last week the
'extensive exhibit of Black Hills' minerals.
' which attracted wide attention, was pre
anted to the State Board of Agriculture
arid wilt hereafter form a portion of the
mineral exhibits at the fair each year.
"The gift, y, however, does not include the
exhibit, made by the etate School of Mines,
but aside from this Is one of the finest
and most .extensive collections ever made
In this section of the country. In order to
give the people' of the state and others an
opportunity of viewing this exhibit. It has
been removed to Pierre for the Gas Belt ex
position lb that' city, but' will be returned
here as soon aa that exposition closes.
Olve the children, all they want.
Cross -- Ceugh . frops. 4c per box.
. i , ,. M ! COLLAR
Made of Clupeco Shrunk Fabrics
v cachi llarUf
' To those of you who
have le?a wearing $2.50
shoes,'-. Jmu'te thislnea-.
sag: !Ourvpecial $3.50
Shoe is k world-beater
nothing like-' it sold in
Omaha. . At any rate, it
is a specially constructed
shod andvhas inore real
style value and quality
in it than any shoe at
th? .price, you, ever saw.
Jylade in patent eolt, ve
16ur box vc.tf "and vici
kid, and in laf, blucher
and button styles. Sold
at the nniform price of
Brexel Shoe Co.
ARRESTS FOR CAPITAL GRAFT
Pennsylyani Officials tad Contract
on Called Into Court.
WARRANTS ISSUED FOR FOURTEEN
Praaeentlast Will taring All Perwai
Mentioned y Sneelal Investi
gation Cnaansliu'aa la
HARRISBURO. Ta., Sept. II. -Warrants
for the arrest of fourteen persons Involved
In the state capltol scandal were Issued
today by two Harrisburg aldermen on In
formation furnished by Attorney General
Todd. Each of the defendants Is charged
on several counts with conspiracy to cheat
and defraud the atate by making ' false
Invoices and four of them are also charged
with, obtaining money under false, pre
Following Is a list of the men for whom
warrants were Issued:
Joseph M. Huston, architect, and his
active assistant, Stanford B. Lewis, .both
John H. Sanderson, Philadelphia, chief
contractor for furnishings.
Congressman' It. Burd Cassel, Marietta,
Pa., treasurer and executive officer ot the
Pennsylvania Construction company,, con
tractors for steel filling cases.
James H. Shumaker, Johnstown, Fa.,
former superintendent of public' grounds
and buildings, who receipted for' the .fur
George S. ' Payne and his partner.
Charles O. Wetter, both of Philadelphia,
builders of the capltol and contractors for
the 1303,000 attic. .
William P. Snyder, Spring City, Pa:,
former auditor general, who approved the
warrants of the contractors.
William Im. Mathucs, Media, Pa., former
state treasurer, who paid the bills of the
Charles F. Kinsman, Wallls Boileau,
John O. Nelderer and George K. Storm, all
of Philadelphia, stockholders In the Penn
sylvania Bronte company, organised by
Sanderson for the manufacture of the
12,000,000 light fixtures.
Frank Irvine, auditor In the auditor
general's office, who audited the accounts
of the contractors.
The men' for whom warrants were Issued
Include all of the eighteen persons and
firms mentioned by the Investigation com
mission In Its report to Governor Stuart
as being involved In the capltol contracts,
with the exception of Frank 1 G. Harris,
former state treasurer, and Edward B.
Hardenborg, former auditor general, both
of whom were members of the board o(
grounds and buildings that awarded the
Cassell contract, George C. Kelm, book
keeper in Shumaker's office, and the pres
ent deputy superintendent of grounds and
buildings, and the International Manufac
turing and Supply company, an alleged
'dummy" bidder against Sanderson.
Based a Report of Cora ml Ion.
KH1LADEL.PH I A. Sept. 18 -The arrests
are based on the report made to Governor
Stuart by the commission crested by the
legisluture to Investigate the capltol scan
dal. They will be followed by civil suits
for the recovery of a portion of the J9.00,
000 collected by contractors for the furnish
ing and equipping of the capltol.
Ir. Its report made public about a month
ego the commission named eighteen per
sons and firms as being Involved in the
capltol contracts, and 'recommended prose
cution of ' any and all persons concerned
in the fraudulent transaction, named speci
fically, and all persons, who may be di
reetl v m Indlreetlv Involved." :"( -nn
John H. Sanderson and .Joseph M. Has
tori of this city, left for the state capltol
at 10.3 a. m., 'to appear before a marls
trate. Both were accompanied by coun
sel. Both had spent the summer away
from Home during the Investigation of the
fraud charges and only returned to this
city yesterday to await the summons.
The men involved In today's action are:
Joseph M. Huston of Philadelphia, whose
commissions as architect for the capltol
commission for the construction of , the
building and for the board of public
grounds and buildings, by which It was
furnished and equipped, amounted to f&S,
00. Huston collected all of his commit
slons, execept 1104,000, which State' Tress
urer Berry refused to pay on the ground
that there was evidence of fraud and
collusion in his -transaction? wb the board.
Huston was one of the foremost architect
ianderson Got Five fuljlfons.
John H. Sanderson of Philadelphia col
lected more than fE.2C0.000 for lighting fix
tures, furniture, marble and mahogany
wainscoting and other furnishings df the
building. The state still owes him 1108,000
for furnishings, which State Treasurer
Berry refused to pay on the ground .that
there waa evidence of fraud In the con
tract. Sanderson served as an aid on the
military ataff of Governor Beaver.; He
retired from business after the exposure
ot the rapitol scandal aad has since- been
spending most of his time in New York.
Congressman II. Burd Cassel of Marietta
Is treasurer and executive officer of t the
Pennsylvania Construction company,' which
haa had a monopoly of the - contracts, for
metal furniture for the state department
for ten yeara or more. Cassel's Arm col
lected $2,000,000 from the state for . steel
filing cases for the capltol. Cassel Is one
of the republican leaders of ' Lancaster
county, and before he waa elected to con
gress from that county Ave years ago he
served three terms m the state legislature.
COURSE OF PRESS APPROVED
Mem lie ra of Asaoclnted Meeting at
tif York Cnmnllaaent Handling
NEW TORK. pt. 11 At the annual
meeting of the members of the Associated
Press, held here today a resolution was
unanimously adopted approving the course
of the officers of the Associated Press In
dealing with the telegraph operators' strike.
Fifth ward republican club will meet at
MoKenna's hall Sixteenth and Locust street
Thursday evening September It, meeting
called to order at I o'clock.
WILLIAM CHRISTIE, President.
BEN J. 8 TONE, Secretary.
rrk V. Otis.
Frank L. tXls of S858 SVward atreet. died
at. his homo Tuesday night. He- was 6S
years of age and had beea aufiertng from
tuberculosis. Three daughters. Mrs.
Theresa Goddard. Mias Frankle Otis and
Miss Sarah Otla. and hta wife, survive
him. Th funeral aervlce will be held at
tha residence Thursday afternoon at 1
o'clock. ' with Interment at Foreat Lawn
To Prevent Iters irons Cracking
use Quick Bhlr.i alio Polish. It oil, pol
ishes and gives a patent leather finish and
la water-proof. Ask your dealer for It
Constantino Mnroer Trial Begins.
CHICAGO. Sept. m. Taking of testimony
was hofun today in the trial f Frank J.
Constantlne. aroused of tho murder of
Mrs. Louise Gentry. The state's attorney
In opening said it would be shown that
Consiantme inurdwed the woman after a
dispute with aer ajout his failure to repay
money borrowed t'roia liie Gentry. TUp
defense contends that Mrs. Gentry com
mitted suicide. The Ursl witnesses testt-
fled that after hearing Mrs. Gentry seresm,
Constantlne wsa aen running from the
rear lnor of the apartment building; that
he asked the Janitor to get his hat tor
htm, but that when the Janitor, having
learned of the murder, returned to look
for him, Constantlne had fled.
STATE BANKERS HERE
(Continued from First Page.)
with the heartiest expressions of approval
The following resolution was unanimously
In view of the Important and valuable
services rendered by our efficient secretary,
w. a. Hughes, during the last year, and
from the further fart thst he has not been
enabled from the press of business to enjoy
ms annual vacation, De it
Resolved, That this association Invite
Mr. Hughes to acromnanv its deleastlon to
the national bankers' convention to be held
at Atlantic City, and that his entire ex
penses be borne by this association and that
he shall be permitted to drink all the good
cold water on the trip which he can absorb.
Hill Speaks r rroxle. v
President Hall stated that he had invited
James J. Hill to be present at this meeting,
but that the great railway builder, while
expressing a desire to attend, could not do
so from the pressure of other business, but
that he had kindly prepared a paper to. be
read before thla gathering, which would be
read by W. H. Bucholi of Omaha. Mr.
Hill's paper is In part as follows:
"The business situation. Its needs and
the general outlook In this country, con
cerning which much natural anxiety fa
ieit just now, will be understood by our
people only when they see how closely
these are related to the world wide condi
tions. The United States has magnificent
resources and much independent strength.
But It Is a part of the world: tied up In
the same bundle with the rest of the com
mercial world by .the thongs of trade and
finance., . Exactly as there cannot be a
great change In the price of wheat In
Liverpool or in Odessa or In Buenos Ay res
Ithout a corresponding change In Du-
luth, Chicago or New Tork, so a varia
tion In the Interest rate, arlslnr from
causes now general throughout the world,
will be reflected not only In Wall street.
which is the financial -center of the business
of this country, but In Omaha and St.
Paul,, and ultimately in every village and
every home In the United States. Thla
great and true law must find Its place In
every mind before we can rope to under
stand the present or plan rationally the
Now, the most Important factor of today
Is that there is a scarcity of capital and
a shrinkage of credit throughout the en
tire civilised world. The supply of money
for Investment purposes Is not sufficient
for the business transacted, and what
money there Is answers but timidly and
reluctantly to the soundest and most tempt
ing overtures. This la true In London and
Parla and Berlin, Just as it Is in New Tork.
It Is a general condition, and bears upon
this country even more hardly than It
does upon those whose surplus accumula
tions are greater and whose Immediate
needs are less. It Is reflected in every
loan market In Europe and elsewhere;
Money can no longer be obtained on the
best security on. the old terms, and. In
many cases, it cannot be obtained in the
amounts needed at all." .i ..
Reaaon for Money Stringency.
There Is no mystery about the feasona
for the conditions stated. Available cap
Hal all over the world has become scarce.
Like any other commodity, money, when
scarce, commands a higher price. Hence
Increased Interest rates, a diminishing sup
ply and lowered prices for ' securities car
rying the low rates obtained when capital
waa more abundant and anxious for In
vestment. -The 'lirtms fe f 'the1 cW'ge
Is the enormous destruction of .wealth and
the corresponding l demand fpr lew capital
resulting from the South African, and the
"The amounta involved In these wara are
so vast that they form a considerable part
of the free capital of the world; meaning
by this, the capital available for Invest
ment.' Therefore the change has been
felt everywhere In falling prices and dull
markets for securities.
- "Along with this diminution of free cap,
ital ' has gone " something much more
serious, which Is an impairment of public
confidence, resulting In a restriction of
Credit. About 96 per cent of the business
of this country is transacted through the
use of Instruments and forms of credit,
without the Intervention of actual money.
If, therefore, the curtailing of the volume
ot money free for investment has pro
duced effects so profoundly serious, the
restriction of credit must be many' times
as great. It Is not only that there la
less to be Invested, but that there Is less
disposition to Invest. This Is apparent
a has been shown, in other countrle as
well as In our own. But we- suffer most
severely because we, for our development,
need capital for new investment more
than any other country In the world."
Ko Menace la Conditions.
"There is no great menuce in the exist
ing business situation. It Is rather a
time of waiting. Those who have capital
to Invest, the small aa well as the great.
want to know what Is going to happen.
General conditions are not markedly un
favorable. . There is some- noticeable
slackening. Order In important lines
have fallen off. Some shaky concerns will
collapse. There Is the prospect of a fair
crop, nut hardly more. The course of
business may easily be turned In one di
rection or the other. The country needs
more than anything else th elevel head
and the steady hand that can understand
the situation and so deal with it aa to
recreate confidence, prolong prosperity and
promote material development where now
the wheela hang on a dead center, uncor
tain which way to revolve. Our credit
must be restored; it must be maintained
and it must be used. The slowly reviv
ing resources of the world, built up by
the Industry of millions all over the earln
In these days of peace, must be husbanded
and turned Into the wa'ting and thlmy
rhannela of our great Industries. Con
structive and not destructive work, cau
tion Instead ot rashness, a sense of' tho
absolute Interdependence of all Intoreski,
A Trained Korea Mada Discovery.
No one is In better position, to know
the value of food and drink than a trained
Speaking of coffee, a nurse of Wllk-.'s
Barre, Pa., writes: "I used to drink
strong coffee myself, and Buffered greatly
from headaches and Indigestion. While cn
a visit to my brother I had a good chance
to try Postum Food Coffee, for they drank
It altogether In place of ordinary roffoe.
In two weeks sfter using Postum I found
I was much benefited and finally my head
aches disappeared and also the Indiges
tion. V "Naturally I have since used Postum
among my patienta. and have noticed a
marked benefit where coffee haa been left
off and Postum used.
"I observed a curious fact about Postum
when used among mothers. It greatly
helps the flow of milk In cases where cof
fee Is Inclined to dry it up, and where tea
"I And trouble In getting servants to
make Postum properly. They most al
ways serve It before It has been boiled
long enough. It ahould be boiled 16 to
to minutes after boiling begins and aerved
with cream, when tt is certainly a dell
clous beverage." Read The Road to
WeUvtli-. la pkga, "Tare's a Reason.
a knowledge that the nil of one is the
injury of all, and that all must work to
gether candidly and fslrly for safety as
well as for progress these are policies
that will carry the country aecurely across
the dangerous waters. Whatever pro
motes confidence between man and man,
willingness to work on ths one side and
to furnish the working capital on the
other will accomplish most. 1 Whoever
lends his voire and hit Influence to this
Is not only the most sagacious business
mn, but Is also In a large ,and worthy
sense the truest patriot and th most ex
Wednesday' Session' Opens.
The eleventh annual convention of the
Nebraska Bankers' association began Its
sessions of three daya at the Rome hotel
Wednesday morning, being called to order
by the president, P. L. Hall, of Lincoln.
About 200 bankers have already registered
and more are arriving with each incom
The proceedings were opened with an In
vocation by Rev. B. H. Jenks of the First
The address of Welcome w delivered
by Henry W. Yates, president of th Ne
braska National bank and , Omaha Clear
"It Is certainly fin honored privilege for
me to welcome you to this city for this
occasion." said he. The hospitality of
Omaha Is so welt known that all I can
add Is to say when we open our doors all
you have to do Js call.' for anything you
want. We are giad you ' are here and
want you to come again. Your coming
here Imposes no burden upon us except
to assure you ot bur cordiality and pleas
ure for your presence. .
"The tide ot prosperity Is at Ita height
In this state and city and we believe the
bankers of Nebraska have much to do
with that prosperity."
The banking conditions tof a community
are the gauge of the business and com
mercial conditions of that, community. The
question occurs to us, have we reached the
top notch of prosperity?- Aa far as Ne
braska is concerned there exists no threat
of disaster or change from our present pros
perity. The fields of Nebraska are the
most productive In the World and we bank
ers, though first to borrow trouble from
threatened panics, can see no occasion tor
Causes of the Panic.
. Mr. Tates then went Into an extended
discussion of the causes 6f the panics of
1857, 1873 and 1S93, antf showed that the'
banking Interests of the west could profit
by those experiences which were the re
sult of overvaluation which had no sub
stantial basis. . The land of the west in
those early days of .panics had no pro
ductive value, as It has at present. .
"The difference between then and now,"
he said. Is that the capital Invested now Is
real capital based upon the Standard of
value ot the world.' No panic" can occur
when there Is no shrinkage, of capital.
The' panic of 1S9S was due to political and
legislative Influences. Billions of securities
were floated with but little tangible value
and capital had to be found to absorb
the millions of securities coming In. The
weak spots In our financial system were
shown then, and how we can avoid them.
There Is a very essential difference between
real values and fictitious values: I can see
no cause for alarm In banking -or financial
conditions at this Mine m Nebraska. We as
bankers are proud of dur state, and It is
not vanity to say that Nebraska ahould be
proud o her bankers.. .
Proad of Omaha.
"We here in Oman are proud of Omaha.
There is no friction "between this city and
(lie rest of the Btax'trC'TTils was shown
by uie standing or jut pjnaha banks during
th former j panic. - when their would
bef ctotHpetltors ''Were ' tailing like chaff
and" when' tfte !,1dmaha'' banks ' came
to , their'' relief. ' .'t'rs not, trbe that
6ma,ig Is. env)ou of? IrilmlcaJ to the Inter
ests of any other .community of the state.
Omaha Is eloquent In kta seal for the wel
fare of all. bf 'Nebraska. This hat been
shown In 'our .' nnttanl convention, ;When
such men as .Manderapn, Thurston and
Millard spoke Tor - all th state." We
must stand or fan together, . for
the prosperity' of Omaha 'means the pros
perity of' all of Nebraska. One year ago
the' deposits In the - banks at Omaha and
South Omaha were aT,00;000. and this year
they are $63,000,000, or,an increase of 118,000,-
000, or nearly -60 per cent In one year.
We want you to enjoy yourselves In
coming here, and when you have any bank
ing to place out in the, state we want you
to place It In Omaha." .
Prealdeat Hall Responds.
President Hall responded to the address
of welcome on behalf of the association
"I want to thank Mr,. Yates for this cor
dial expression ot welcome, which we know
Is sincere. Omaha Is the gateway of Ne
braska. We are proud of thla city and
we appreciate what Omaha did for us dur
ing the gloomy .days of the panic. I know
that there is a cordial spirit throughout
the state for Omaha, wljh all its bankers.
We know and appreciate the value of
Omaha. I want to ooncede to all that Mr.
Yates has said and mbre. There is no dis
position on the part of Hastings, Lincoln
or Grand Island' to be envious of Omaha
and I aecond everything that Mr. Yates
has said. I hope there la no feeling of
Jealousy in Nebraska against any com
munity, and I agree to the proposition that
when we have any banking ,to place we
should place it In Omaha rather than go
outside the state." ...
Mr. Hall then delivered his annual ad
dress. In which he allowed tho associa
tion to be In a most prosperous condition.
He read from' carefully compiled statistics
that th wealth product from the farms,
fields and manufactories of Nebraska for
the year Just closed was $290,00,00.
Coo' of Mining Committee.
"A year ago we appointed a committee
on mines and mining Industries," continued
Mr. Hall in his address, "and the appoint
ment of thla committee was-taken aa a
Joke. But I And from the report of this
committee there has been, produced from
th wheat, corn, hay, alfalfa, live stock,
snd miscellaneous mines of Nebrsska dur
ing the last fiscal year 217,88,4 of pro
ducts, as. against 1J2.:90.07 from the gold,
silver, copper and coal n-lnes of the states
of Colorado, California, Alaska, Arixona,
Michigan and Pennsylvania, or IU1S,i)08.J85
more from the agricultural mines of Ne
traska than from these exclusively min
ing state. Nebraska hat been fortunate
in the honest management of her banks,
and the' banking Industry of the stale
stands as a bulwark against any present
or future calamity, financial or otherwise."
The reports of the secretary and treas
urer were submitted, approved and ordered
filed. Each of thein showed the associ
ation to be In a remarkable healthy atate.
The present membership was 71? ss against
831 last year.
Home and Bona Insnraac.
The report of the executive .committee
on the matter of the Home and Insurance
bond company proposition submitted last
yesr was read and tiled. Mr. Yates, aa
chairman of th committee, added his per
sonal appeal to the members taking a
greater interest In this Important proposi
tion that meant ao much to th -banking
Tho appointment of tbe standing com
mittee of the association was deferred
until the afternoon meeting.
Owing to the poor acoustic properties
of the convention hall In the Rom hotel,
the remaining sessions of th convention
will b held at the Elka hall. Fifteenth and
Among th more prominent banker
present st the meeting are: C. K Burn
ham of Norfolk, E. R. Ourney of Fremont,
C. B. Anderson of Crete, V.' Franklin Of
McCook. E. F Wallace of Exeter and
C. HiUlreth of Franklin. From outside the
state are: H. R. Kent of the Fort Dear
born National bank. Chicago; George 8.
Hovey of Kansas City, C. O. Hutchinson
of Kansas City, L. L. Work of Concon
nally. Wash.; W. P. Pickey of Chicago,
W. P. Pickey of Sioux City. IA S. Crlt
chell of Sioux City and Rufua Cor of Kan
Program for Tharariny.
Following Is tbe program for Thursday:
10 A. M.
Address Judaic William Hayward
Address "A Central Bank of Issue''
Hon. George E. Roberts.
Pres. Commercial National bank. Chicago, i
Address Frank W. Sloan J
President Geneva state bank.
Address "The Ideal Relationship j
Between Banker and Customer. ,
J. P. A. Black.
President drrman National bank. Hastings
2 P. M.
Committee Reports: National Financial
Legislation, Membership, Educational,
Address "Surety Bonds"
J. O. Lowe.
President Farmers' bank. Kearney.
George N. Seymour.
President Elgin state bank.
Nominating committee, report.
Installation of officers.
8 P. M. !
Banquet at Rome hotel. j
FRED CUSCADE STRIKES VERSE
Cashier of Erlcson Telia of Banker's
Life In Poetry.
Fred A. Cuscadcn, cashier of the Erlc
son State bank, and his brother, .Robert
Cuscaden, vice-president of the same, are
at the convention. They are both Omaha
"Crops are nil right In our part of thn
state." said Fred Cuscaden. 'The calamity
howlers are going to get a solar plexus
this fall when the number of million bush
els of corn is figured up. Prosperity Is so
rampant out our way that Some of the
farmers pull out their bulky wallets ".id
want o pay us evey time we balance
up their account books. We are thinking
of Ordering our books of Individual de
positors so made as to contain six figures.
In order that when t.e farmer deposits
(100,000 or some such sum we will be able
to enter It in one entry Instead of making
two, aa we have to do now."
Being pressed for further Information,
Mr. Cuscaden burst Into original poetry,
with tho following effect:
O, a banker's life Is the life for me.
Yo ho, yo, and
A bank cashier I would rather be
Than live a life on the rolling sea,
Or do anything else on land.
Chorus: He'd do nothing else on land.
O. say no more of the shop or store.
Yo ho. yo hank: J
Theological, legal and medical lore
Are only to me a perpetual bore
I'd much rather run a bank.
Chorus: He'd much rather run a bank.
Cashier W. 8. Marr of the Franklin
County bank of Hildreth blames a some
what abridged corn crop In that part ot
the state on bleeding Kansas.
"I always said that If we had a high
board fence between us and Kansas we'd
never have a crop failure." he declared,
vehemently. "Our corn looked good until
those hot winds swept up and Jumped Vit
of their district over the state line Into
Nebraska. Fortunately our farmers had
such la, bumper crop last year that they
won't suffer any and w'll have plenty for
feeding purposes. Maybe we'll get enough
next year to make , up for this."
J. P. A. Black, one of the best known
men in central Nebraska, Is attending the
convention. Mr. Black waa a candidate for
governor In M. He was one of the state's
pioneer bankers. . , I
'George W. Sheppord and myself started
the Franklin County bank ot Bloomlngton
In 1S82." he said. "We had about $3,000 In
deposits. When the town of Hildreth was
started we went over there and launched
a bnnk. We Were ready to do business
nearly aa soon as the town was laid out.
We had a little back room behind 8am
uelson's store for a banking office. It had
one small safe and pine table covered with
oilcloth. But it was good enough for the
times. A fire burned us out snd then we
did business for a time in a little room In
' Mr. Black's father came to Nebraska In
I860 aa a missionary to the Omaha Indians
in th Blackbird hills, now Thurston county.
Mr. Black studied law In the office of Cobb,
Marquette & Moore in Lincoln. Then he
went to western Nebraska and engaged in
tho practice of law and later launched into
banking. He Is now president of the Ger
man National bank of Hastings.
Substitute articles , pay larger profits.
That's why the dealer tries to change your
mind. When your mind Is made up, keep
It so by insisting on getting what you
want. Accept no aubstltutes.
HIGH GRADE VARNISH
AND STAIN COMBINED
There is no excuse for
having the finish on
your plate racks in a marred
condition. A coat of jap-a-lac
can be applied in a
few minutes at a trifling
cost. Suppose you get a
can today and see for your
self just what a wonderful
improvement it makes.
FOR 5AL BY
U nR5T O.A5.S
and at best prices, at the Sherman A
MrConnell Drug Mores.
V pt. Jap-a-lac, any color 15c
H pt. Jap-a-lac. any color Jf.o
t pt. Jar-a-lae, anv color e
1 qt.. TCc; H gal. II SS: 1 gal 1160
Be us fur all kinds of paints and
varnishes and brushes.
SHERMAN & McCONNELL DRUG CO.
Corner ltth and Dodge Street.
OWL DRUG CO.
Corner 16th and Harney Streets.
The officers of tills bank
extend to visiting bankers
a cordial Invitation to call
at tine bank at any time
of tne day during the con
vention, or at any other
time when In the city.
i few-Eft '
in which quality is the predominat
Reflect a. Moment
and you will b convinced that such
Is the case. Years of fair dealing
with the public, and giving honeat
values, has enveloped the name of
EDHOLM In the atmosphere of abso
lute reliability and trustworthiness
so that any Tiece of Diamond Jew
elry purchased here carried with 11
the assurance of Its being Modern,
TTp-to Date and In Oood Taste; to
gether with a keen Knowledge pt
diamonds and special buying facil
ities, thereby Insuring you prices are
the lowest, for the Quality. .
16th and Harney Streets
Repair Your Shoes
We employ nothing but experienced
workmen, men who understand thoroughly
the making and repairing of -fine shoes.
We furnish them with the most modern
machinery. Our shop is equipped with a
Goodyear stitcher and all other modern
machinery the same us a factory. Our
leather and muterlal Is the best quality.
Oive us a trial. Phone us
W Call for and DUvr All Work Tre.
MEN'S HALF SOLES
Sewed . v. . . . 90c
Nailed o 6c
Men s Heels S5c
Ladies1 half soles
Ladles' Heels . 25c
Ladles' or- Gents' .'i , . . 60o
Shoe Laces, Polishes, . Shoe
Trees, Ktc, always In stock.
Standard Shoe. Repair Co.
1804 Farnom St.
TelephoB Douglas TB87.
YOU WILL WAST A PLACE TO
SLEKI AM EAT.
We W'iU. Reseryci You a Room.
We Hare the Most Desirable
Rooms In All Parts of the City
WE IXSPXT ALL ROOMS
DEKORK WE LIST THEM.
Save Time Money and WorrjfV
OMAHA RENTAL CO.
Doug. 8881 808 N. Y. Life Bldg.
lira. WiBBlcwU SoctMug Syrup .
II PAlNi CI'llPS WIND C(lI IC.U(l is ths ht
trmtrit orDIAHHHiA. Bolrt bf rruiritiiiatTery
rri of lit world, if tMre na "k for"Mn. Wid.
iiiur'a flnothiliff Rvruh."
sod Uk no othrr stud
Twnty-nv rrnta a bottle
rnid aud urn Act,
Jun ma. IMA Hrrlsl NutnhM
XH OLD AKl WELL T10Ei MJUUMTl, ,
I . ..'?S--Trf-o--..f' v
Th Acme of Spectacular Achievement
"THE SIEGE of JERICHO"
Stsge 375 Feet in Length. 350 People.
Wonderful Electrical Effects. $1,000 Display Fireworks) Nightly:
All Week at Vinton St. Bast Ball Park
f . Special tuirsuay night "elks."
The Tailor's Hame
IT IS NOT always the bet evidence
that you've got your money's worth
simply because the name of sonie
way up tailor appears on the hack, ot
your coat. Perhaps you paid a fancy
prlco for the name?
Imagination plays the leading; part
when you've paid more than a reason
able margin of profit for your attire.
We have the fabrics the expert cut
ters and skilled tailors to make good
our boast that Nlcoll leads, for bet
tailoring and at a moderate price. ' '
J Tnosers $6 to S12 Salts US to $58
WILLIAM JEUREMS' SORt ;
200-11 Ho. rath BU
1 im in -)'u'i'HiM"ioiirnfi.i i i
I- . !' .
Ellery's Great Italian Band
OXE WEEK. BEGINNING MONDAY,
SEPTEMBER 23 '
Entire house for Monday night soltfto
Masonic Grand Lodge of Nebraska.)
Reserved Seats Go On Hale at the Audi
torium, Friday, Hept. 20; at 100 Clock.
PRICE! 23c, 85c gad SOc.
Th Kerry Musical Melange "
IHCMDAY TOlTIfO BryrAT,0 1st
xixra- or in mua wist. . -
Till irTEBIOOV TOSISST
TUB MUSiqll. JtAOsT - '
She ROY At CHEF
TOVKSSAY. rmtSAT, SATTTBDAT
Th Tumsfal- Mastoal Oddity -
THE YANKEE REGENT .
7ZTX TOST JCTOsTg.- ' :
J. .. Bernard ' Drllyn
iCook A; Clinton. . Basl
14. Hicks. Miles IA
Raymond. To Hy-
uanaa; rioiures. .
avensng,- lOo, 80.
Seats ready .week
-'. V -
ADVANCED ' VAUDEVIX.LE
KtuMN Dally, S:1S Iry Htgat, 81S
TXIS WEEg, .. ". ,
William Courttelgh at Ce..' Barries'
Marionettes. Jack Wilson A Co., l.llllan
Tyce. Ko A Jenetto, Bert A Bertha
Orsnt, Tddy Trio and th Ktnodrom.
Jr-KICES 10c. 26c. 6uc, . , ,
111 sL m AaV 1 A. 4k m IVAAI
bV t.jt mrv i m m nam .
V . . -
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