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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Nov. 24, 1912)
8-C THE OMAHA SUNDAY BEE: NOVEMBER 24, 1912. BIG TASK FORSTRONG HANDS Prof. Holdcn Heads Bureau for Farm Life Uplift The Purpose of the Trust Company PLAN OF HARVESTER 'PEOPLE Promotion of .rl cultural Kdncn tton, Hrrntrr Rfflclcncy, Ilcttcr llnrirxta nnd llnpplrr ltuml Homes. Tho trust company In It truo form nnd serving the purpote for which It was Intended, as designated by the name, has been brought Into existence In Ne braska only recently by net of the Inn IcKltiaturo of 1911. In tho older eastern states trust companies havo been Serving I Inf. nrtfinlA fnr n crent mnnv vcais nnd I v co-opcraiiTB IMU.C...V..I .u ,4 .j-obi,.. a9 rare mere for an ltidl better roads, happier homes, morel vldual to undertake tho multlfnilous and .-.irous people, a richer nnd better na-j exacting duties of executor or trustee ns spells the vast task committed to It Is hero nt prccnt for a corporation m. amiia miritnn rain nmiini u luu i I ry.t i i rue, iruai coinixuiien, ju iiuiiiu uiux rnauonai ...rvr hftVe exstcd fof R mnfJJr yeaTg but o l'ror. rcrry u. nowen. , wcro enKaed Bimost entirely In, n booster of Iowa, has been appointed tne money lending business nnd wcro no at ajrer of the bureau. pcrmlted to excrclto fiduciary powera little more than two years ago the) under tho old stnto law. A number of "rnntlonnl Harvester Company of I those. trut companies built up very large rv rlca rstab'lshod the International clentela and have become, very strong ii tester company service bureau. Al-I nunticlallv an Investment brokers. Thrli iU It has done much work of real pCclalty was to supply the farmer with luc. But. better still. It has mado care-1 ,,. UDon real estate security nnd tho I preparations for a work, which. It titivate eastern Investor nnd life' ltuur- juld seim, is of far, greater service io once compan.es with safe Investments, inanity In general than anytmng ever Th, peters Trust company was cstnb f- re undertaken by n business organua. njne(1 Dy n. c, inters In 1SSC s such nn un. Investment company and came under tho oblrrt of Iip linrrnn, I new law under certificate for charter No. The object of the bureau Is the promo- j, during nil Its existence, for ovx n of agricultural education nnd a co- twenty-six years, nnd In making over' cperatlon which will tend to raise the jjcoo Individual leal cstato loans, no In whole tone of commercial, industrial ana Vestor has lost a dollar, taken a tax deed farm life. Since ngrlculturo Is tho basis or gono ,nt0 court on nccount ot title. 5f prosperity and progress, naiurany rurm . lt , v j. ijo.doo.OJO of Inves problems cl.ilm first attention. " " ( money safely placed, lt Is probably s higher efficiency, mm on nn on w.o ,h ,arwt o lu competitors In tho farm. And this Is to bo brougnt aooui ... . g t , ,h ftmount of act,vo through nn improvement J'""" real cstnto loans outstanding on Its ioela. intellectual ana morai ronumuiw. books rrt 1 . 1 m l.ln nn.anl.af Inn 1 I 1U uo n. vih "n - ,,,, ........ necessary. Not alone tho bigness, but the Qthw Uugt nn,cl , , lato' ',mvo ,rfectncss of the nlernatlonai mMi Bdm,rab,0 rec0fuI and havo weathered tlon m well, appealed to Prof. "Mm. In flnancal storm amonff tl0 oIuer ot llr UMt,rb.nnUsUdTnhthCens of Beatrice, founded , m, by the Smith , ,u anir1 uromcrs, nnu uiu v-onscrvaiivo iruii allovci the Un ted States and Canada, Company of Lincoln formerly the Con " V . servntlve investment Company of Crete. tno a.csmcn, -' " AI1 of tcge mstltutlons havo loaned a clilro men; tne v.uw ununo-.v. , .iii. . n fnr ivwslble. Is to be modo an '"""'"". . "."..."- Ill sm II rtiaro I apostlo of better farming. lmimrlnnrr of the Service. For years tho Harvester company has nnd' havo bcn nnd still are u great factor In the development nnd upbuilding ot our state. Tho new trust company law, under It. C. I'ETIMtS. 1'resldcnt Peters Trust Company. yield 11,000 or more Is such a one, Is that commercial bnnklng Is cntliely prohibited under It This clause In the law makes our trust companies strictly usable for the administration of trust funds and es tates only nnd nssurcs no mingling of ndequato security with the state. Tills saves the bond expense. They aro always accessible for bust ens. They do not go abroad, or are un abt to attend" to business on account of Illness. They act Impartially and without preju dice. They nre not Influenced by personal consideration. They are under state supervision and their accounts ore examined periodically by the state auditor, and their correct ness vouched for. Their accounting system Is exact and permanent. Individuals often lack tho facilities for proper accounting. Tho fees are so fixed by law that they can be no greater than those of Indi viduals, and usually are less. Their ad ministration is economical and honest. In a recent address on "Trust Com panies" a prominent attorney gave his experience In examining a large trust company. "Taking three simple estates," he says, "one of guardianship, one of executorship and one of trustee under a deed, there wasn't a question as to the ngo of a bene ficiary, ns to the condition of a property Investment, as to whether taxes had been paid or Insurance was outstanding, ns to the terms of the fund, as to the pendency of litigation, as to the terms of the or iginal trust, as to any Judicial decision affecting tho validity of. that trust, ns to whether the Investments wore legal or dlscrctlonnry; In short, every query my Ingenuity could propound, that was not nnswereu wunin mreo iniiiuiua, aim ouwo factorlly and adequately nnswercd." Dora Not Ille. "Now nn Individual executor and guard ian or trustco would very likely hnve had nil this Information In his head nnd could funds or policies nnd eliminates even nil. have answered all my questions without temptntlon for doing so, Furthermore, I pushing a button, but supposo he dies or by tills feature th element of financial resigns? Tho trust company doesn't die; fluctuation Is as nearly abolished ns Isithnt Is one of Its chief advantages. Nor postlblc. There mo no checking deposit! does tho trust company proceed on tho realised the Importance of "ervlce. It has I M compan,r8 now uMng 'ihe won, spent minions 01 "'(-""" "trust" In their name operate, Is tho re. oi 1....., "-"; ",.. suit of a very thorough nnd exhaustive ent men out Into the fields to show armers how to operate these cWnr ' it i... i,irihuM tons of conservative, safe and beneficial Icgm literature, packed with the latest and llon as the lime-tried nnd experlenc. :!: ; a,i ii.. thnuu rendered laws of other stntos can mnkc It. . One esneclally. stronir feature which first the Invention oi mo reaper, wihuii - - 'ounded morn agricultural greatness. Um appeal to tne prospective user of a -10 founded this company. Agriculture fusi company, ana everyone w vom .nd tho international company havo property or life Insurnnco that will grown up togother, and together they i . nM.n.,Mi Tint hnrAlnfnrn thn ser- vir rendered was more or less Indirect, that It was to their lnferest to run spo- Now tho company Is going In for direct clal seed corn trams and pay nil tno ex .... i .Urmnt in iim inmurn nnd direct I nenscs. to tho farmers chlldron. that tho men Theso special trains would have been m.n nf inmorrow may be more failures if Prof. Holdcn had not known capable and no more prosperous than tho how to tell what he know. Ho did most men and women of today. of the speaking, until lite assistants had .....r ,...,.,.... An.ivi.ir.. learned how to talk" to farmers In their . .i.. Ti.-mw Amci-ioan own longuoge. Farmers will accept? scl Magazine. Victor Itosewater, editor of entlflo facts from Prof. Holden as readily The Ilee. outlines the good works of Prof, nnu giuaiy ns eiiuurcn ... - tl.1.1.. . nllnnra I COated Dili". inM i,n nn man tind In. Part of Ills suocoss Is duo to tho fact th 'n1th nf one state by that he exploits only one Idea at n tlinc. mooo.OM. you would be Inclined to When ho went out on his first seed corn h knilenl. vet that was the dcclara- train his slogan was, "Test your seed tlon of Governor Cummins of Iowa with corn," saying nothing about tho prcparn rrference to tho contributions of Prof. P. tlon of tho. soil, fertilisation or cultlva a ifnMen tn the knowlcdKo of corn rats- tlon. He asked the farmer to study his Ing In tho stnto. Prof. Holden occupies a own cornflold and he would discover that .ni in it. Tnn otntn (-nUme, of Acrlcul- Inliout one-fourth of the stalks wcro turn, nnd outside of this holds u unique "loafing around nil summer, doing noth position, which has been nptly chnrac- Ing." This was duo to poor germination tcrlzcd ns that of tho "evangelist of of tho soed, and tho latter required aM scientific agriculture." He has done more I much cultlvutlon and euro as tho thrifty than any one man to popularise the work I talk. Tho effectiveness of this nort of of the Iowa Agricultural college among I teaching Is shown In tho Incrcaso ot un the farmers. Ho soon discovered, In his aVerago of 27,000,000 bushels annually in college work, that the farmorn were not ipwa slnco Prof. Holdcn began his work iroliig to tho college or to college men n that state. to learn how to farm; but on the other hand, had very llttlo use for the scien tific farmer. To chango this condition becama tho professor's utnbltlon. His thinking on tho subject ovolved big Ideas, which resulted In tho establish- mcnt of tho fanners' short courses, spe cial seed-corn trains, the county demon stration work on tho county poor inrm. liabilities nnd tho entire capital stock ot a trust company, as well ns its surplus, undivided profits nnd state deposit stand In full ns a protection for the" proper administration of trust funds and estates. Why lliey Art- I.IKril. rtcsponslblo nnd conservative trust com panies are moro nnd moro preferred to individuals ns executors nndi trustees for these reasons: They havo nn oxlstenco that Is perma nent. They do not dlo. Their officers ure men of long experi ence and special training. They do not experiment with Investments. Their capital nnd surplus are a fixed guaranty of good faith nnd honest nd mlnlstrntlon. This does not fluctuato frpm year to year. They nre required by law to deposit basis of 'carrying things In ypur hend. There must be a note orntry made of every single thing, nnd should It nt nn time bo necessary to pass over tlio trust to some one olso tho history Is.'complete and minute. That certainly cannot be snld of the Individual executor or trustee. Nor does tho trust company resign. It beats the old guard of Napoleon. It neither dies nor surrenders." Tho general demand for a law sVch as Is now In existence, as outlined, lias been no strong that tho uso of trust companies for all activities Of a fiduciary nature will be universal In a short time so that, with the extraordinary safeguards and restrictions thrown nround them undei this law, our trust companies will fulfill a duty and occupy a place In tho financial system of our atato that will bo a bene fit to every citizen. great y when they take n h:l. Also he meant to show that unless the citi zens enter Into the spirit of progress anil help shape Its affairs tor the future the growth will continue anyway nnd, llko n uoy outgrowing his clothes, will be uglier than lt It had "remained as It was. Mr. McCaguo Is especially desirous that tho business men of the city tako nctlvo Interest In tho new city charter. "Don't let the politician write that charter." ho declared. "It Is up to the Ileal Estate exchange, the Commercial club, the Ad club and all the other organizations of tho city that arc Interested In public affairs nnd civic betterment to see that that new Charter Is well framed and adopted to a greater and better city In which to live, Omaha, n thirty years, will be n city ot 300,000 or 400,000 Inhabl- tants nnd It Is up to us now to construct a -city to accommodates them." ' Other governmental Improvements nre going to come nnd Mr. McCague'a ad monitions will bo Just ns truly applied. Chnngcs aro taking, place every day, and, happy to tay, they are changes for the better governmental Improvements, busi ness Improvements' and moral Improve- mr.ts It Is up to the business men tn watch and work. The announcement during the lost week by the Omnha neajty Owners' corporation of the start on excavation work at Ninth and Forest streets was tho announce tnent of the first bultdlng operation of this new concern. Architect Lloyl Willi has drawn the plans for two npt-tmen' houses to cost JM.000 each. Tho work has begun and the two structures will be complete and ready for occupancy In the spring. The Omaha Itealty Owners' corporation will epeclallzo In apartment house build ing. Tho concern Is a co-operntlve cor poration, In which the stockholders re ceive dividends and Interest from every business venture. Members of tho Ileal Estate exchange especially were pleased to notice repair work begin on the Farnom street car tracks. The exchange a few months ago appointed a committee' to confer with the street railway company officials to ask that repairs on car tracks through out the city be made. After a week the committee reported that the ral'way com pany had beaten them to It and work was In progress at many of tho points they desired repairs done. Farnam street, of which they particularly com plained. Is now being worked on. Cob blestones nre being taken out from be tween the trntki end new tarcks ami paving will be put In. Persistent Advertising Is the Hold Ills Returns. to Motormaii Gets Big Verdict for Injury Edgar T. Wenqulst, a motorman, who was run down and injured by a car In the Vinton street barn, was -given a ver dict for 16.W0 for personal Injuries against the rtrcet railway company by a dis trict court Jury. The company wilt ap peal. Wenqulst had sued for 115.000. The motorman was entering tho bam, when lt was alleged, a car came up behind him. Inflicting severe permanent Injuries. m m m i 1 climate a new t Persistent Advcitlslng Is tho lload to Dig Iteturns. MAGNEY WILL RETAIN PRESENT ATTORNEY STAFF roiiniv. AHnrtiAV.Alnrt Innrirn A. MaR the stato corn show, nnd finally the Na- neyBnnounces that ho will retain the staff tlonal Corn exposition. Theso have made It possible for him to go to tho farmers lnttcad of waiting for them to come to him. Prof. Holdcn la an enthusiast whoso en thuslasm Is contuglou. Ill convictions ure deep-seated and unythlng ho behoves In he can make others see as ho does of County Attornoy James P. English, whom he will succeed. Mr, Magney goes from chief deputy to county attorney. Deputies Charles Haffke, Liouls J. Plattl nnd James M Fltsgern d nre retained and Hophus F, Neble, Jr., fills the vncancy occasioned by Mr. Magney'a advancement. Paul P. Btelnwender con- For this reason ho was ablo to go to I .times oi messenger and Miss Lottlo M presidents of railroads and convince them Martin -a, stenographer. TIMELY REALESTATE GOSSIP Two New Apartment Houses for Omaha Are Announced. ASKS HELP FOR GROWING CITY John I,. McCiiiruc I'lends lleforc llcnl Kxtnin Kxchunue Unit llunhicsn Men Help ftlmpc City's Future. "Omaha has arrived!" John U McCugua made that btatemcl.t tho climax of u Bplendld talk boforo the Omaha Ileal Kstoto oxchango tho other day. Ho was pleading with tho Oxchango to get into tho progressive tnovemont and help pattern tno garment for thn future Omaha of 300,000 inhabitants. It won a good climax ' to those men who heard and it was a good statomont to hurl Into tho nit too groat body of in nmaha who nro standing by, merely busying themselves with personal affairs nnd letting tho city tako enre of Itself. Omaha hns nrrlvcd and as Mr. Mc Caguo declared, It In tlmo for the whoio citizenship 'to wnko up nnd boost for their homo town. That - there is un awakening, however small, has been called to tho attention dt thoso who havo been watching the, city for tho last fow years. Even since tho commission plan of government wont Into effect there havo been snmll progressive stops called to tho nttentlon of those observers and the suggestion of theso steps has framed a vlston. A vision or an Ideal to work for la ns necessary for a city or community ub it Is for tho Individual, and now thut moro details havo entered Into Omaha's vision the pattern from which to build a greater city Is easier to follow. As James Allen wrote, "He who cherishes a beautiful vision, a lofty Ideal In his heart, will one day realize It." So Omaha, now that a vlston has bcon framed and a desire created, may expect to move forward steadily and ono day be what Its progres sive, citizens now want It to he. Mr. McCaguo declared to tho Real Estate exchango, also, that "Omaha has grown In spite of Its citizenship," mean ing to point out that thla city Is a logf- cal. business center and market place nnd that, having grown this far. without the entire citizenship boosting It, tho city is bound to' improve nnd grow m is . Fine hotels Jf ,, roads for For the Winter Fascinating in the beauty of its romantic setting, charming alike d social life a winter in Sunny San Antonio it in store for you. , theaters and shops golf the year round splendid motoring. For Booklet and any Information about hotels, write Chamber of Commerce, San Antonio, Texas. The way to go is via the Katy Limited trains from St. Louis nnd Kansas City u3hete''and"3hcKatyife cover the distance m the quickest time, with tho greatest cpmfort. Trains from your city make connections at oi. lwuij or xtansas uiiy wun thos inai, uepenaaoie trains, equipped .vim mi ma luxuries ot travel. , For fares, berths or any travel imormuLion. r.nie vnur iKar,t OEO. A. McZTUTT, District Fas senger Agent, 805 Walnut St., Kansas City, Mo., or W. B. St. George, General Passenger Agent, Ob. XtOUlS, M.O, (468) it 1 ' li TiliB Is ihe English Boot that is bo popular thla tcaBon with milady In the cast. It well deserves Us popularity. Real atylo leader today consider tha wearer's comfort &a much as style, and combine tho two. This little Boot U a real leader, lt Is especial ly popular in tan, but wa also have It In black, but ton and lace. $4 and $5 PREXEL 1419 Tarnam. PETERS TRUST COMPANY .ACTS AS. EXKCUTOH under wlllB. . ADMINISTltATOK without a will, orvwlth, the will annexed. ' GUAlUlIAN of n minor or an Incapable PerB0U' ,. t. 1 TKUSTHK to oxequto trusts, disburse-Ufa lnsuranco, or-hold funds Impartially. DKPOSITOUV tor trust nnd court funds at Interest. AOKNT In tho management of properly. IIKCK1VKK or ASSIGNK13 lu business em barrassments. HEOlSTUAn iuhI TIlAXSKKlt AOHXT for registering, trausferrlug and counter signing Stock Certificates, or Donds of Corporations or Municipalities. TltUSTKK UXDKK 1U)XI 1SSUKB FINANCIAL ACSKNT In tho INVKST. MUST OK l'TNOS In flrBt mortgage loans and ootids. ( Our Loom arm Tax Fret it Nfb'atha) WILLS drawn, cared for and flUtl without charge, whero namad Executor or Trustee. Capital 9?00,000.00 Surplus $10O,O)U.H Deposit With State Auditor $40,000,00 PETERS TRUST COMPANY r 1622 Farnnn Sir sc ' Omaha National Bn Dj!IJ,ng. Tho Commercial Club and the Omaha Auto-Motor (automobile) Club desire to have stroot cars stop at the near side of tho street intersections to tako on and let off passengers instead of at tho far side, as they do at pres ent. Tho claim is made by them' that it will lessen accidents. Tho Omaha, & Council Bluffs Street Railway Company does not favor the change for the following reasons: .1. It has been tho established practice in this city, ever sinco street cars havo been operated, to stop on tho far side of intersections, and it is the established practice in the majority of. oities throughout the country today. We feel a chango would be confusing to resi dents and strangers alike. 2. To stop at the near side of intersections would leave the carentranco fifty feet away from the cross-walk, compelling passengers to wado through mud when boarding cars on unpaved streets, and compelling them to wado through snow .and slush when boarding cars even on paved streets on many days during the winter. 3. -Careful study and investigation fails to substantiate the claim that the near-sido stop lessens accidents. Tho theory of advocates of the near-side stop is that there will bo fewer collisions if cars stop on the near side of the streot intersections. Our experience and the experience of other street railways is that but few collisions occur at intersections where the car, is about to stop. Ninety per cent of all collisions occur either in the middle of the block or at intersections whore the car is not about to stop and, therefore, would not'be affected by. tho change. and the remaining ten per cont would still occur, bncausi crosses the intersection. In either event, the speed of -the car would be the same. IF THE OMAHA & COUNCIL BLUFFS STREET RAILWAY COMPANY BELIEVED THAT THE NEAR SIDE STOP WOULD LESSEN ACCIDENTS, IT WOULD BE QUICK TO ADOPT IT FOR FINANCIAL HEASONS.IF FOR NO OTHER, AS IT IS COM PELLED TO PAY THE DAMAGES. 4. A number of cities, after trying the n(ar-sido stop, have abandoned it and returned to the former practice of stopping at tho far side. Notable among the cities is the City of Minneapolis where conditions are very similar to tho conditions in our own city. Tho Omaha & Council Bluffs Street Railway Company desires to do in this matter what tho majority of Its patrons wishes it to do, and, in order to give its patrons the opportunity to express themselves, will take a vote on tlio question. , On Monday, Tuesday and Wednesday, November 25th, 2Gth and 27th, passengers on paying their fare will re ceive from the conductor a ballot, on which they will please indicate their wishes in the matter by marking a cross opposite "FAR SIDE" or "NEAR SIDE" and drop the same in the box on the rear platform of the car. It should be borne in mind that if the near-side stop is adopted, cars will no longer stop on the far side. Men, women and children alike are entitled to a vote for each fave they pay, and wo sincerely hope that all persons will exercise their right to vote each time they ride, so that we may have a fair expression of public sentiment on this question, not owly for our own guidance. but also for the guidance of the City vomimssioners, who tho chance of a street car colliding with another vehick have been requested by the Commercial Club to enact an when crossing nn iutorsection remains the Eame whether it is starting up from a stop or coming to a stop as it ordinance requiring us to stop on Ihe near side instead of the far" side. Omaha and 3freef ftasSw uneiS Blufi y Company