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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Dec. 7, 1912)
The Omaha Daily Bee EDITORIAL PAGES 11 TO 20 Tho Bco's Letter Box Invltts ihort contribution on cur rent toplci from Be reader. Let as hear from you. Limit 300 words. VOL. XLTI-NO. 148. OMAHA, SATURDAY MORNING, DECEMBER 7, 11)12. SINGLE COPY" TWO CENTS. la I Free! Free! Free! SATURDAY ONLY $7 Fancy Silk Vest Free with every made-to-measure Suit or Overcoat order . . . Suit or Overcoat I jCSigu 1 UNION MADE Guaranteed All Wool Remember we are the World's Largest Union Tailors and originators of the $15 idea. VB ARE TAIIXmS NOT AGKNTS UfinUIUP 1 Tho famous "Dun WAnnlnU I dee" System is widely Imitated. Wo have no con nection with any other etoro in this city and therefore urge you to como to tho right place. We save you the middleman's profit. The tjest in style, workmanship, and fit absolutely guaranteed. Dundee Woolen Mills . Northwest Cor. 15th and Harney Sts. OPEN SATURDAYS UNTIL 10 P. M. Send for Our Sample Folder and Style Plate Have you ever visilec! HQRIQA? If so, you're going again; and if you want to get the greatest possible comfort and enjoyment out of the trip, see that your ticket reads over the FRISCO LINES, and take the Kansas Oty"-Florida Spccjai OUT OF KANSAS CITY AT 0:20 P. R. EVERY BAY. It's as flna and as cafe aa a train can be mad. Tha coaches ara all-ataal, electric-Ilghtsd, and equipped with electric fane. Tho sleepers are of the latest design. The dining cars are constructed of steel, and the meals are served under the management of FRED HARVEY. If you have never visited Florida In winter, you have missed more than you realise. Better post yourself right away on what Florida has to offer --its perfect winter climate, its grand hotels, its hundred-and-one outdoor sports. Last Chance to See the Panama Canal Work before tha water I turned la. Eight rronlly-conduct'jd toure In tbe lemhlp Evangeline," from Key Will to Colon, returning; via KlniMen and Havana. The vetiel It new, built In Scotland during 1911-U. pcUh for touring the tropic. It It equipped with Marconi wlraleai aervlce, electric light and fan, and all modtrn convenlenete and larurita. It will leave Key Wait January 7th and Slat: February 4th and Itths March 4th and lBthj April let and Uth. An eleven day trip. Including meala and berth at tea and In pert, far (110. Stopover privilege granted at Colon, Havana and Klngtton. Pare, Train Schedulea, Pullman and Steatnchlp Retervatione, end Deaerlptlve Literature ma'y be obtained by catling upon or addreaalng J. C. Lovrien, DivUlon Paenger Agent, Priace Line, Waldbeim Building, Kansas City. VIEW TAKEN BYWALL STREET Divorcement of Paoifio Bonds May Be Far Beaching- in Results. DISPOSITION OF STOCK SHAKES Predicted that Consltrnmenta ' of Frclicht Iteqntrlns; Qntelc Serrw Ice Will nttll (! tr Wiy of OnjQlin. "What does it mean t" Ua stockhold ers" Is a question regarding the supreme court's Union-Southern Pacific decision which niore courts may be called upotf to decide. Fundamentally there qan bo no certainty until the court haa approved some plan of 'dissolution. Assuming that the railroads will suggest and the court approve such dissolution as was had In tho Standard Oil and American Tobacco caeca, providing for pro rata, distribution of Southern Pacific stock among- Union Paclfla stockholders, there Is still a Oor dlan knot to cut. says the Wall Street Journal. Under the Union I'aclflo charter the preferred stock is preferred as to divi dends not to exceed K per cent, but "Is entitled to no other or further share of the profits." Union Pacific directors have repeatedly declared that In tho contingency at any distribution of in vestment assets the rights of the pre ferred stock to share In the distribution would undoubtedly have, to bo determined by the courts. Union Pacific's holdings of Southern Pa clfla stock amounted at time of the last statement to 126,CGO,000. There Is now outstanding 1218,000,000 Union I'aclflo com mon stock. 3ii,7G5,000 bonds convertible) Into Union Paclfla common stock at 175, and 159,547,410 Union Pacific preferred Htock. Allowing for conversion of the bonds, the distribution of the 1,26,600 shares of Southern Pacific among the then 1,376,008 shares of Union Paclflo com mon stock only would yield 53.33 per cent of a share of Southern Paclfla to every share of Union Pacific common. Dtntrtbntlon of Stock. If it is decided that tho Union Pacific preferred Is to have share for share tights with tho common stock In any distribu tion, the 1,208,600 shares of Southern Pa cific would be distributed among 3,371,632 shares of Union Paclflo common and, preferred or H of a sliare of Southern Paclflo to every share of Union Paclflo of either class. At the present market around 110 for Southern Paclflo, were the distribution confined to Union Paclflo common shares, the 53.33 per cent of n. share of Southern Paclflo would be equivalent to a cash dividend of about $68 on Union Paclflo common shares. If the preferred shared equally tho distribution would be equal to a cosh distribution of about K per share on Union I'aclflo common and preferred. There Is little doubt that Union Pacifio will ask to be allowvi to purchase from the Southern I'aclflo the control of the Central Pacific, running from Ogden, Union Pacific's western terminus, to San Francisco. It Is possible, but not probable, that before distributing Its Southern Pa cifio stock Union Pacific may dispose of part of it In tho market and apply tho prooeodB to the p'urchBso of the Central Paclflo. The more likely procedure would bo for Union Pacific to Issue bonds with Central Paclflo stock as collateral, tho Southern Pacific retiring Its Central Pa cific collaterals. However, whether the purchase of Central Paclflo by Union Pa cific would affect the distribution of Southern Paclflo Btock is obviously an open question. One thing Is certain, Union Pacific's Investment income will be curtailed about $7,000,000 a year by loss of dividends on its Southern Pacifio stock II tne latter is distributed, reducing surplus for dividends on Union Pacific common over 3 per cent annually. If tho Southern Paoifio stock should be sold en bloc and the proceeds reinvested In the property or otherwise It might be some time before the Income would equal that heretofore received on the Southern Pacific stock, which now yields about 5.45 per cent on tho market value. Effrct Upon EarnlriRS. How the earning power of the Union and Southern Pacifies will be affected Is likewise a matter Involving uncertain factors. If Union Pacific secures CentitU Paclflo and so lino through to Ban Francisco. It should still be able to draw the major part of the traffic gathered in California and along the coast by the Southern Pacific. With its line from Sun Francisco to Omaha, which will soon be double-tracked throughout, It should for some years command a position as pre ferred connection of the Southern Paclflo by virtue of offering the most adequate sorvlce and ability to turn over most westbound trafflo in return. How much business might be shifted from the Central-Union Pacific route to the Southern Paclflo through route via New Orleans would likewise be largely determined by the question of service and trafflo relations. It has been tho declared policy of the Union-Southern Pacific management to route trafflo via natural channels. Tonnage available for either route, not expedited and permit ting of transfer from trains to boats, has gone via the New Orleans route, while consignments requiring quick servloe have gone via Omaha. Shippers will naturally continue to select much the same routing because the reasons will continue the same. Naturally Southern Pactflo under independent management will choooe to send by Its 100 per cent route, the route over which it gots the whole 100 per cent of the transcontinental rate, all the traffic It can, especially If it loses the Central Pacific. It Is only a question as to how much more of the traffic it orig inates Southern Pacifio can Induce to take the slower rail-water haul than has gone that way heretofore. It Is reason able to suppose that such traffic as can take the longer route would largely" have been lost to Union Pacific in any event with the opening of the Panama' canal. It seems reasonable to predict also that what Southern Pacific gains In trafflo hereafter will be gained' rather from de velopment of its territory than by draw ing from Union Pacific. A SENSATIONAL ROCKER Well worth $8.00 for Saturday only SPECIAL TERMS BARGAIN 50c CASH 50c MONTHLY THIS HANDSOME SOLID COMFORT ROCKER is massive in appearance and made of specially selected hard wood, finished in a beau tiful rich grain and American quarter-sawed oak. Brilliantly polished with deep spring seat and up holstered in a high grade of guaranteed Imperial leather. Back is high and wide, beautifully carved with part tufted and part plain cushions. The seat . is large and roomy, upholstered over a full set of steel springs and has beautiful ruffled front edge. The arms arc wide and front posts are of handsome design and beautifully carved. A most acceptable Christmas gift. On sale for Saturday only L U iaaaWa0laBM .-A - - f 1 -aawITl r WONDERFUL. BLACKBOARD SPECIAL. ONLY 19c Win. A. Rogers Guaranteed 26 Piece' Silver Set Vineyard Pattorn French Gray Finiah. IHrXVTST-rfVT't.7 III t ear tm r r r , v mil vr 1 customer F$y mmmmtmrnmammmmmmMmmmmmmmmmmm, Only One to Eaoh Customer-No Phone or Mall Orders Filled Collapsible Doll Go Carts -A $2.00 Value Now Only 98c THIS WONDERFUL SALE special at tho low price men tioned cannot ho duplicated olsewhcre. Tho hoards are 38 inches high and 18 inches' wldo; substantially made of heavy wood frameu. Can bo used on either side. A wonderful gift for Uio littlo ones. Only 750 of thorn A -Ab long aa the quantity I f laata at only BNTIKE 20 PIECES PUT UP IN A TWO-SECTION LEA tliorotto lined box An absolutely Ruarantcod Bllvor ot. Tho 2G piccos consists of G knives, 0 forks, 6 tea spoons, 0 table spoons, 1 sugar shell and 1 butter knlfo. All y F f finished In the newest French gray and of vino- Tl Tf yard pattorn for tomorrow only at the low price.. f " TERMS $1.00 CASH 25c WEEKLY msms 1414-1416-1418 DOUGLAS ST. THESE CAItTS STAND 20 IN0E3 high, fold coniplotoly with ono mo tion, hood and nil, whools aro of stool with heavy gears, upholstored In u genuine Nantucket leather. Frames aro made, of hoavy, re-enforced onamol stool with wood turn handles Wado for tho largost sizo doll Ono for onch customer, at gr tho oxcoptlonnl price each M-rf f now at v ll THE TWENTIETH CE 11URY FARMER Is tho Leading Agricultural Joarmu of the west. Its columns are filled with the best thought of tne day In matters pertaining to the farm, the ranch and the orchard, and It Is a factor in tbe development of the great western country DESTITUTE FAMILY IS IN NEED OF A COOK STOVE Tie Awo"'Bteil Charities in asking for ' the donation of a cook stove for an As- 1 ayrian family of nine who are now cook- In? on a broken, obsolete stove, The family Uvea In the southern part of tho city and is In straightened circumstances. EGGS DECLINING IN PRICE Cold Storage Houses Are Filled and Hen Keep Laying. CHRJSTMAS TREES ARRIVING Hutter StT Up to tlin Illpfh Mark Placed tho First of tbe Wfrk .toy tbe Hutter Hoard nt KIrI ii, III. Christmas trees, nocdle pines, holly wreathing and other Christmas decora tions have come Into tho local market, and soon will be on display at all the stores, Tho H. C of I Is not to bo noUsd In auch holiday commodities. Chrlstmna trees will sell from 16 cents up, holly Is X0 centB a pound, wreathing is 25 cents a. yard and needle pines are a quarter each. Indications are the prices of Yuletlde dec orations will remain unchanged. About the only table staplo that went down In price during tho week is eggs, which nwt a decline of 1 cent and are now selling at 25 cents a dozen. Cold storage houses ore filled with thorn and the output continues voluminous, so that It is exported that they will not return higher for awhile. nutter still stands about at tip-too reach -42 cents a pound In spite of the fact that cheese, which Is made from the some materials, has declined In cost. The mar ket Is overloaded with cheese and the price Is maintained at about half tbe price of butter. 'Butterlne and oleomargerlne,' grocers a.v "in hMvimincr verv Domilar with the housewife." While the members of the executive committee of the American Association of Butter Manufacturer who met In convention In Omaha the other day declared that the packers with their butterlne are responsible for tho high cost of butter, grocers and butchers assert that the effect Is Just the opposite "I notice that the butter barons say the packers are selling adulterated goods whon they mix butter with moat fats to produce butterlne," said A. King, man ager of Ilayden Bros.' grocery depart ment. "If It is, no one can kick on that kind of adulteration. We are not push lug the packers' goods, but somehow the consumers are demanding them any way." Vegetables arc plentiful. Beets, carrots, shalots and radishes are 5 centH a bunch. Parsley sells four bunches for S cents. California tomatoes aro 7Vi and 10 cents a pound. Brussels sprouts aro 15 cents a pound. Kndlven and head lettuce are each V.i cenU a head. Cabbage l.t 1 cent a pound. The best orangaMhat have been on the local market for yeirs aro selling from IS to 30 cents a dozen. Good strained honey may be had for 25 cents a pint, whlln the comb variety Is 17H and 20 cents a rack. I Pancoast's Contest is Opened Before Referee H.S, Heller Hearing In tho contest brought by Ar thur C. PnncoaHt, republican candidate for tho legislature, who on, tho face of tho returns was 'defeated by forty-seven votcn by John IT. OronHmuu, democrat, Wan commonced before Ilcforea W. 8. Holler yesterday morning. Clydo C. Hunbiad was the only witness examined. No others being present, a continuance, until afternoon won ordered. Bunblad testified relative to tho elec tion In tha second precinct of the Second ward, whera Henry lavltt, attorney for I'ancoast, contends tliut there were Ir regularities, caused by membnrs of the election board being Intoxicated. In this precinct Grossman won by eight votes. Quy It. C. Read and George Bertrnnd, attorneys for Urufxman, on the other hand, contend that the claims of Pan- coast are without foundation, that tha members of tha election board wore at no time during tho count under the In fluence of liquor, and that In tills precinct and In all others, each man received tho votes to which he was entitled, so far as the count wan concerned. HED CROSS SEALS SELL FAST Nebraska Allotment Exhausted and More Aro Being Ordered. BUSINESS MEN PUSHING SALES It is Intention of Locnl Workers to llrnlUo 8,500, "Which Will He Turned Over to Ulapenaarr In Jacobs Hull, The supply of 7CO.O0O lied Cross seals sent to Mrs. IC. It. J. lCdholm to ho sold In Nebraska tins been exhausted and Mrs. Kdholm Iibh wired to Washington for an additional W,CW, Klve hundred dollars' worth of theso stamps havo been sent to the superln tnndents and pilndpaJs of all the publlo schools of Nebraska to bo distributed among tho teuchcrx, who aro requested to sell them to the scholars. Ilany of tho larger retailers and whole salers In Omaha have ordered stamps from Mrs. Kdholm, to be placed on tholr nionthly statements which will bo sont out the flrrt of January, ' Among others who have asked for these stamps Is Charles Courtney, who has con tracted for C0 worth, l'lmv (nuinii- (iriMTona. It Is the Intention and desire of the local workers to sell at least I2.D00 worth of stamps In Omaha, and this umount will bo turned over to tho city dispensary In Jacobs Memorial hall. The John Dcerit Plow company, In addition to taking 1,500 stamps, has asked Mrs. Edholm ta notify thorn if tho entire 12,500 Is not raised and they will make up the needed amount. Tho Nebraska Graduate nurses hava contracted to sell at least 11,000 worth of seals. This money will also bo turned over to the local dispensary. The nurses last year sold almost tDOO worth of tha stickers nnd aro of the belief that theyj can Easily sell 11,000 worth this yean, SCHOOLCHILDREN TO HAVE LONG HOLIDAY VACATION City schools will close for the Christ mas holidays Friday, Deoomber 20, and. reopen Monday, January 6. Teachers will be paid for the month of December be fore the vacation, as many will spend the holidays) out of the city. School chil dren are planning their holiday programs, Which wilt bo given Friday, December 'JO. A llrealc for Liberty from stomach, liver and kidney trouble Is mode when a 25a box of Dr. King's New Ufo Pills Is bought. Why suffer? For sale by Beaton Drug Co Advertise mont. Shapiro and Kaplan Air Their Troubles Because Michael Bhaplro rebuked Al bort Kaplan, proprietor of tho Missouri Pacific hotel, he was attacked by Kai lan, who drew large knife. Khaplro took the weapon away frorfT Kaplan and gavu him a sound trouncing. Kaplan, who sus tained several fractured ribs and a badly disfigured countenance, and Is Just able to be around, swore out a complaint against Bhaplro charging htm with as sault and battery. He swore out another complaint charg ing Bhaplro with petit larceny. Shapiro took the knlfo away from Kaplan during tho fight and has been holding It as evidence In the larceny complaint Kap lan charges his adversary with stealing the knife. The tune was aired before Police Mag- lstrate Foster and he discharged the de fendant. The assault and battery case will be tried In police court next Tuesday. Persistent Advertising Is the -Road to Big Return. Suits To Order, $18,00 Reduced From $25 STOCK REDUCING SALE $30.00 Suits and Overcoats made to order for $22.50 $35.00 Suits and Overcoats made to order for $27.50 $40.00 Suits and Overcoats made to order for $30.00 Theso are bright, now up-to-date patterna and are of fine nil wool quality. Wo use good linings and trimmings and guarantee every garmont perfect in fit and style. MacCarthy-Wilson Tailoring Co. 304-306 South Sixteenth Street . , . ... v M2uWJiWumm4L wi. "JHSWB&