THE OMAHA SUNDAY BEE: FEBRUARY ?, 1iU3.
Modern Home-Builders and Home-Furnishers of Omaha
P-C
Trend to Protect Public Investments
The trend of Inhalation In to protect ( few thing. bi-caue the executive of It
funeral public. The pure food ami drug j has the endii of everything In hid hand
nit wm fnr Ihl. v.rv mirnn.,. Th, na" KOVem fame relKllly.
. , , . , That company Ik the safest that pro
1 jHft'p to ln few thlnis. Now, 11 It can
the name thin, while the l nlted State. ; onIy d(, thp fewct things and deal on
ha none a number things along thl wlh ,no(, things that are the moat
Hot Water Heating Plants
By Arthur C. Claussn, Architect.
! Guarding Funds of Fraternal Societies
1.
I ilUl
line the states have net leen Idle. The
fact la, every state haa Its own lawa regu
lating banking, building and loan and In
surance connanlen of all kinds; that Is.
the laws of tho atatn limit what these
companies can do by statute.
When a compnny Rota n license to do r
particular kind of business It Is obliged
t 1 stick to It or file amended articles
which nrust set out Just what Is proposed
to be done Hence, the articles of Incor
poration are the foundation upon which
tho business Is to be built. It Is very Im
portant that they be protected. There,
always u lurklnt; danger In nny article
that propose to do many thins requiring
skill ! openitois In ea-h line In othf
v .rds. that companj has the most ele
t) ent of imirlty tlmt purpose to do but
stable In Intrlstie value, you have f
thing with the very utmost security.
An Omaha company proose In Its
articles of Incorporation to do two things,
ami these two only; that It. It buy In
side city lota adjoining the retail district
of the rttv and bulMs apartment houses'
theron, to bu occupied by choice, tcnanti
of Rood pay. You see how this limits what
this company can do. It can't buy a farm
adjoining the city, lay It out In cltv
lots and sell them to others. It can deal
only In the two things noted, and a thev
have stable values, It Is apparent thv
result of their growth must be sure, as
both nre certain to produce great profit;
the aggregate yield must bo marvelous
The record of like companies In other
large cities easily bear out this view.
iiil
PETERS TRUST
COMPANY
.ACTS AS.
KXKCUTOK under wills.
AIIMI.MSTJIATOU without ft will, or with tho wilt
annexed.
(jUAIU)IAX of jl minor or an lncnpablu portion.
TItUSTKK to exocuto trusts, dlsbursa Ufo Insur
ance or hold funds Impartially.
DKl'OSITORY for trust and court funds ut Interest.
AOENTH In the management of property.
ItKCKIVKK or AKtflGNKK in business ombarras
ments. lti:;i8TUAH and THANSPEK AfJKNT for roglstor
lng trnnsterlnir and counter-signing Stock
Certificates, or Ilonds of Corporations or Mu
nicipalities. TKUSTKH L'NDIMt IIONI) IKHUKS.
FINANCIAL AOHNT In the INVK8TMKNT OF
FUNDS In first mortgage loans and bonds.
(Our loans aro tax froo In Nobraska.)
WILLS drawn, cored for and filed without charge,
whore namod Executor or Trustee.
I Capital $200,000.00
Surplus $190,000.00
Deposit With State Auditor $40,000.00
mm
Working Together
Homo Uullders la remarkably stable because all Ha funds are a'
homes only.
cured by deeds or mortgages on dwellings built bj this Company for
ino uwewmg eraciaa until u i actuauy coniracieu lor
vary aaferuord U token to protect shareholders and no loana are
made to speculator or on old buildings.
Home UulldeTa works ayatematlcally for Its shareholders takes
no risks, la cautious In every transaction; still It la not fettered by
roatrulnt that will keep It from being progressive and. In Its plan of
protection, Home nu!lders la careful to look to the future and In every
way to conserve tho Interests of Its shareholders. .
A 7 per cent guaranteed dividend was declared Jan. 1st, In addi
tion to a aubstantlal balance carried as a surplus fund which Increased
the value or every rreierreu unare to I1.U&.
11 y building homes on easy payments only after contracts have
been signed by the purchaser, jtone Uullders haa provided the oppor
tunity for many tnrtry Omaha families who now own their own homes
and who have become the backbone of the City's new progressive spirit.
Home Builders Guarantees
T
Beml-annual dividends on Preferred Shares and also a pro rata,
share of the profits we receive on every dwelling; we build.
Home Builders Is attractive because Its growth Is steady and
automatic and because the confidence It Inspires encourages systematlo
saving and investment.
You should Interest yourself enough to send for our booklet, IThe
Now Way," which tells fully till about Home Uullders and Its 'easy
payment plan for getting a home built to suit you on any lot you may
select, also the January taayo ut tho beautifully Illustrated monthly;
both free for the asking.
Home Builders, Inc.
American Security Co., Fiscal Agents
309 8o. 17th St., between Taraam and Harney, around JTloor,
Douglas 3007, Omaha, Keb.
HOT AIR heating plant can
heat with economy a home of
eight rooms and under, and
hen the conditions are Ideal
for the running of the pipes,
t Is possible to satisfactorily
home having- as much as twelvo
Icon s t.iii hot air heat, but the right
o.nJItlor.s aro very seldom found In a
homo of over eight rooms. A hot water
plant Is. therefore, advised for the aVer
ngo two-story home of olght rooms and
oiof, until the slse becomes palatial an
tl at t!ie homo assumes the aspect of a
bu id'i k In Mtilch case steam heat Is
advised, because of Its carrying capacity
A steam plant for a house of elKht or
nine rooms cannot be run with economy
and requires morn attention to keep the
steam up than should be necessary for
a home of average dimensions.
There Is a fourth kind of heating: plant
known us vapor heat ng. which Is not
steam, but simply hot vupor arising from
water and going through the rndlators
eventually finding an open end where It
exhausts Into open air outdoors. In very
moderate climates this system has been
us d nlth a 1 ttle success, but In the
colder climates It Is Used so lltle as to
lie almost unknown.
When n hot water heating plant goes
vr ng most people are Inclined to blame
the boiler, anil sometimes the holler is
to blnme, but more often It Is either the
lack of radiation or Improper Installa
tion of tho pipes. Kvery pipe In the house
should be so Instulled that all tho watet
In It will, when necessary, run back Into
the boiler. If some of the pipes slant
tho wrong way It forms what Is called
a "trap," and several of these traps
would greatly retard the circulation In a
hot water heating plant. Also too many
angles In the pipes have a tendency
to retard the circulation. For exampfo,
the writer waa called Upon to examine a
radiator that would not heat up and
found that tho pipe leading to It had
seven turns between it and the boiler
This radiator never hod the slightest hoat
In It, but after tho piping had been re
arranged so as to make only three turns
It heated up as quickly as any other
radiator
Many things can cause a heating plant
to work wrong. To clto another instance
In which the writer was called upon to
feiTet out a home bullder'a troubles over
a heat ng plant with which he had had
no previous connection. It waa found
thnt while the boiler hod a large enough
i ilrepot, one of the colls on top was mlss-
Ing. There was also a alight lack of
I radiation In the living room, which had
to be taken care of by an extra radiator,
ana a strong draught down the stairway
from a north window, which was checked
by a wall radiator being placed on the
landing under that window. Also there
was no asbestos cement over the boiler
and tho pipes in the basement were not
covered with asbestos pipe covering,
whloh meant that about a third of the
heat was radiating into the basement,
where It did very little good, Instead of
radiating directly to the rooms above
through the radiators. After these things
had been remedied the heating plaijt
still did not work very well. Examina
tion of the ashes showed that there was
s great many clinkers and some good
coal that had actually gone through the
flro without being consumed. This In
dlcattd at onoe that there was some-
Within recent years the number of i . Itable Institution. Often the treasurer
fnlcntlons by custodians of the funds nf appointed by the lodge or institutions Is
fraternal societies, lodges, charitable and , a very busy man and he Is glad to turn
educational Institutions, have steadily de- i ovpr lhp books nnd a" 1nanclal aca""
... 'of his office to tho trust company. This
creased. Tragic clictlra.tRnr.-M mtrn fol- j Wm of thp nctun, work wnlp at
lowed the exposure of such betrayal of i tnp game Ume he ma). sl,pervsc the
trust. It was tound that funds of such j transactions that call for more personal
societies and Institutions had, been used I attention. In the case of educational In-
for speculation nnd more often hail been ' stltutlons there may be endowments to
MR CLAUSEN'S BOOK
The Art, Science and Sentiment
of Homebuilding."
Thirty chapters, 300 Illustra
tions. It eorers a wide range
of subjects, Including the plan
ning of bungalows, suburban and
city homes, oostlng from $3,030
to (30,000, letting contracts,
choosing materials, proper de
sign of entrance, windows, fire
places, etc Hew third edition.
Price, postpaid, 91.00.
Address, Arthur C. Clausen,
Archlteot, 1130-37-30 Lumber Ex
change, IXlnneapolls, IXlnn.
Bldroom
io!i'i
mt
i f-fi r. it
I Mall j
5tDRooM ', Bldroom. I
Ceotr
, i ill
thing wrong with the draught. The flue
was of sufficient nlie and for once the
writer had almost thought that he was
"up against it," when It was found that
the smoke p'pe to tho boiler wm pro
jecting Into the chimney too far, thereby
checking the draught. The heating man
had not cut his pipe short enough, and
In order to make It fit to the boiler In
a sightly manner had shoved the surplus
pipe Into the chimney, leaving very little
spaco between the end of the pipe and
the opposite wall of the flue for draught.
This was remedied and to use his own
expression the owner can now "melt the
hardware off the doors" any time ho
wants to.
On another occasion the wrltor was
called upon by a man who had bought
a home and lived In It almost two years,
to determine why his hot water heating
ylant that had worked perfectly last
winter would not with the same man run
ning It and with the same fuel nnd with
all the conditions apparently the same
heat his home comfortably this winter.
Two careful examinations of the plant
from the expansion tank down to the
boiler Wiled to produce any mechanical
reason for this change of affairs. When
almost about to give up In despair It.
occurred to the writer to ask him when
he had changed the water in his plant
last. With a puzzled look hn exclaimed
that he had never changed It; that he
was using the same water that waa In
the plant at the time he bought the
house, which possibly had been in use
at least one season before that with only
a very little additional amount put In
occasionally to keep the water level up
In the expans'on tank. The plant was
therefore Immediately drained of every
ULJIUIl i IUJ
710.
i drop of water In it. The rvatcr was
yellow from a gradual collection of rust
sediment and the first few gallons were
quite thick. Fresh water waa then let
. In from tho city main, allowed to run
i through the plant nnd out again through
the outlet to thoroughly clean the pipes
and radiators out. nnd a new supply of
1 fresh water left in It to take the place
i of the old stagnant water. The fire was
then built and the family "lived happy
I ever after."
' Water Is somewhat the snme as air.
I It circulates by tho expansion of oxygen,
j iWJien a room has a fresh supply of nir
i from some source the expansion of the
oxygen In that part of the air which j
comes near tho radiator causes It to cir-
culate und travel through the room where
It becomes chilled on the cooler surfaces
of the wnll and contracts making a re
turn circulation. When the air Is stag
nant, after the oxygen In It has been
used up by the breathing process, there
Is very little circulation and one can
stand with his back to the radiator and
still feet cold.
Admitting a little fresh air to tho home
Is actually an economy In the running of
any heating plant. When admitted In
large quantities on very cold days It will,
of course, require some extra heat. Hut
when the days are cold the air whlcn
admitted Is greatly contracted and,
therefore, only a very small quantity
need come In, as compared with mild
days, for this contracted cold air will ex
pand Into larger quantities as aoon as it
Is heated. Oxygen Is held In suspense In
water as a gas. It Is off of this that the
fish breath, and that is why you take a
cup, elevate it a foot or two and drop
water Into the gold flRh aquarium to
create bubbles In it. Some people take a
small bicycle pump with a pipe leading
to the bottom of the aquarium and pump
it full of bubbles. It is simply to oxygen
ize the water, and it Is this gas In the
I wintcd through bad Investments or in-
competent management. The old proverb
' "evert bodv' business is nobody's bu,
I ness'" wus illustrated In a lamentable
' way by the manner In which frnternal
. nnd charitable organizations have been
i deprived "1 their funds.
' Tho fact thnt the courts record a less
( number of such violations of duty la due
I almost entirely to the growing custom of
i having trust companies assume all the
obligations and burdens In connection
with the flnnnces of fraternal, educa
tional and charitable organizations. Tho
logic of this policy has also been ap
preciated by church nnd religious or
ganizations. In a number of cities tho
funds of religious organizations are de
posited in trust companies and all the
, duties of receiving moneys and expending
I funds for the separate church, social,
I hospital, missionary and cducatlonnl in
stitutions are distributed through such
I agency. This work Is a comparatively
! new departure In trust company services.
A large number of such companies have
established special departments and
equipments to handle such duties. The
method most frequently employed Is to
appoint the trust company as treasurer,
In effect, of the lodge, fraternal or char-
preserve. Including Investments. It Is
easily to be seen that a trust company
which has no largely to do with Invest
'merits. Is able to select better nnd more
profitable Investments than nn Individ
ual. The successful and safe manner In
which trust companies handle this kind
of work Is Inducing quasi-public and fra
ternal organizations to utilize their ser
vices more and more. !Cot only Is there
the possibility of misappropriation of
funds by an Individual treasurer, but hn
may also be a man who having his own
Important affairs to look after, there
fore, has not- the time or the necessary
facilities to perform his work economi
cally or with accuracy.
At one of the recent national assemblies
of the representatives and ministers of
one of the most powerful religious de
nominations a resolution was passed to
have all the general and separate funds
deposited with trust companies. Speclnl
attention was directed at the business
meeting of the assembly to the excel
lent services which trust companies of
fer In that line. This action was also
duo In a measure to p. number of de
falcations of church funds by "trusted"
custndluns.
water which expands upon being heatel j
water to circulate rapidly, thereby bring-
Inir the henteH U'ntpr in a roHIn.,
quickly, bo that It has very llttlo chance !
to cool while It Is on the way.
The water should be changed In a not
water heating plant at least once a year,
and It wilt do no harm to change It quite
often. This can be done without cooling
off the entire plant by simply supplying
a few gallons now and then, allowing u
corresponding amount to run off from the
other end of the plant.
dfCOMD n0R..
I - 2o - ---n
n
DirjiMq Room tnKn"criml31 f
t flALL PORCM
I nat.riice i
Living room. I
I n
Keep tee facts in mi oil
Moving and house cleaning time
will soon be here. You'll have some
work for us then, if not now, and
you'll want this done rapidly, yet
carefully and safely. We have be
come established as one of the
largest firms of our kind in the west
because we always do thorough, de
pendable work. Be sure you call
us when you get ready to move, to
have goods packed or to store them
away.
The twin addition to our handsome
fireproof storage will soon be done,
giving us the finest building of its
kind in this section of the country.
Moving, Packing, Storage and Hauling
Omaha Van & Storage Co,
CHAS A. MANN
Consulting, Mechanical and
Electrical Engineer.
Design, Construction. Valuation
GAS-ELECTRIC-WATER SUPPLY
1015 Ashland Mock, Chicago, 111.
g.
L
Use this page each
week to reach the
householder.
Advertising on this page during 1913 will
make this new year a banner one for you.
Building Loans
Money to loan to build homes,
to Improve property or to pay
existlug loans, borrowers may
pay from 10 to 20 per cent on
loons on Interest dates. Inter
est ceases on amount when
paid. Loans closed promptly.
Your business solicited.
W. H. Thomas
220-80 STATE BANK BLDQ.
Two times the light
from one-bait your present gas consumption
Here Is a new home light.
It has been tested and ap
proved by our labratorlos
and is now offered to you
at a price within the reach
of most every one. Thin
light, by test, throws off
exactly twice the light
given by the open flame, at
the samo time consumlne
but one-half tho number
of cubic feet of gas per
hour that is required by
the open flame. The arc
quickly pays for itself and
proves an economy and
household pleasure thereafter.
Cottage Arcs
Aithtic, decorative
and durable.
Price only
(From The Sunday Bee. Feb. 3, 1813.)
Getting Away from
Disappointments in
Making Investments
Every incorporated business, before It
starts operations, tiles with the secretary
of state a copy of Its articles of Incor
poration. Thete articles form a basis on
which the company It. :o conduct Its
business, and state Just what the organ
Ixatlon Is allowed to do under Its charter.
The nature of the business to be trans
acted will determine whether the busi
ness Is speculative or not; Just to what
extent the company's charter Is restricted
is an Important feature. What the offl-'
cers of an organization are allowed to
do with the funds Is of Interest to every
prospective Investor, and If this reading
of the articles of Incorporation was con
sidered of more Importance than It Is by
the Investing public, the amount lost an
nually through poor Investments would
be reduced by a considerable sum. Safety
Is the first consideration of an invest
ment, and therefore careful Investigation
of the above principles cannot be treated
Jlghtly. As to whether the organizers of
a business Intend to manage It In an hon
est and economical manner can be deter
mined by investigating how much privi
lege has been provided for in the articles
of Incorporation, and the Investor who
places his money with a company whose
charter allows the officers and directors
to speculate with Its funds as they please
Invites loss and disappointment.
Restricted by Charter
According to the terms of its charter, Omaha Realty Own
ers Corporation can invest its money in income-producing
property only.
Owning improved, centrally located real estate and holding
it for rental income and increase in value is safe. The profits arc
sure and certain. That is why we confine our operations to this
conservative field.
This Is Your Safeguard
When you join the men who are combining their capital
under our co-operative plan, you know absolutely that your
money will not be U8ed for speculative purposes.
No funds will be used to build houses to sell on the install
ment plan.
Nq, funds will be used to develop acreage property or sub
divisions. '
No funds will be loaned to others on buildings, either new
or old.
Everj- dollar will be invested in income-producing prop
erty in Omaha, where you can know what becomes of One Hun
dred (100) cents in ever dollar you invest.
Send for our booklet, which tells you how your money will
earn SEVEN PER CENT and more with absolute safety under
our co-operative plan.
Omaha Realty Owners Corporation
Suite 1202 W. O. W. Building.
Omaha Gas Co,
1509 Howard St. Tel. Dcug. 605