t T ' K K : OMAHA. SAT ' AV. l l?f 1 1 1 101.1
MlWIM'"'S'''M'aaaaiaaaaasaaaaaSBSasa " ' B.l. . f u- M( y
MONEY TRUST DOES EXIST?'?
Oredit and Marketing of New Securi
ties Controlled by Bankers.
carnations
Pure CANDIES
rjr.
Buy Your ORANGES Here ba
Chocolnto croarns, as
sorted, a 36c value,
Mb. box for
FEW MEN DOMINATE SITUATION
Special!
Frosh
cut
25c
45c
1 135815 Oranges nro the finest to bo had--thoy arc thin
Ion k
A Bklniicd, sweet, Juicy nnd freo from frost. Wo offer
2c
them In three lots, ns follows:
It U Intended to rteanilnte Clenrlnic
Honae nml to Restrict Conduct
I of Nntlnnnl Rank Officer
' find Director.
b to m
B n k 1 1 a h Wnlnuts,
shollcd, the pound
at
Heculnr 25c
size,
Ileculnr 40c
size,
23c
Regular 50c
Saturday,
dozon
slzo,
35
carnations, assorted
colors, -white, each...
Saturday,
(107CII. . . .
-JBc
Saturday,
dozon
THE BEST STORE FOR YOU ALL THE TIME
II l
I V ' 1 1 !'l I
4
A
(Continued from Pnfje One.)
standing; not to compete, which la de
fended an & principle of 'banking ethics.
Together they have, with n few exccP
Uons, pre-empted the bnnklnr business of
the Important railways of the country
Chicago Inner (.roup,
"In Chicago this Inner croup associates
with and makes Issues of securities In
Joint account, or through underwriting
participations primarily with the First
National bank and the Illinois Trust and
Savings bank, and has more or Its)
friendly business relations with tho (.run
tlnental and Commercial National bank,
jwhlch participates In the underwriting of
security Issues by the Inner group. These
are the three largest financial Institutions
In Chicago, with combined resources of
1M1.0OO.O0O.
''Radiating from these principal groups
and closely affiliated with them arc
smaller but Important banking houses,
such a Kissel, KInnlcut & Co., White,
Weld & Co. and Harvey Flsk & Sons, who
receive, large and lucrnt,lvo patronage
from. the dominating groups and are used
by th latter as Jobbers or distributers
of securities the Issuing of which they
control, but wh)ch for reasons of their
own they prefer not to have Issued or dls.
trlbuted under their own names.
"Beyond these Inner groups and sua.
croups are banks and bankers throughout
the country who co-operate with thorn In
underwriting or guaranteeing the sale of
securities offered to the public and who
also act as distributers of such securities.
"Tho patronage thus proceeding from
the Inner group and Its subgroups Is or
great value to theao banks and bankers,
who. are thiis tied by self-Interest to the
great Issuing houses and may bo regarded
as a part of this vast financial organiza
tion." Concluding Us findings as to the. exist
ence c-f a money trust tho committee saiJ.
"Tour committee Is convinced that how
ever well founded may be the assurances
of good Intentions by those now holding
thO Places Of foower Which lmv l4ti thllo
.created, the situation Is fraught with too
great penis to our Institutions to be tol
erated." ,
Control of Securities.
Discussing tho control or securities bj
this so-called' money trust the report said.
"Through their power and domination
over so many of the largest Institutions,
which as buyers, underwriters, distrib
uters or investors, constitute the principal
first, outlets for security issues, the Inner
group and its allies have drawn to them.
selves practically the solo marketing of
the. Issues of the greater railroad, produc.
lncand trading and public utility cor
porations, which In consequence have no
open market to which to appeal, and In
this position of vantago fortified by tho
control exerted by them through voting
trusts, representation in directorates,
stockholdings, fiscal agencies' and other
relations, they have been able In, turn to
direct' ttfo 'deposits a'nd other patronage
of suoh corporations to. thcao.Wmo finan
cial institutions," thereby strengthening
thcr Instruments through .which they
work." :
The, report condemned Interlocking di
rectorate's and consolidations' and devoted
considerable space to a statement show
ing;, the 'development of cqntrol 'througn
these agencies In New York institutions.
"It Is manifestly improper." said , tho
repqrt; "and repugnant to tlie (heoryid
practice of competition that the same
person or members of the same firm shall
undertake to act In such Inconsistent ca
pacities." Tho' report condemns the use of voting
trusts In the control of financial Institu
tions and criticises private bankers In the
capacity "of depositories for Interstate coi
poratlons..
Reforms Are rteconimended.
The recommendations of the committee
as set forth Jn the report and as em
braced In the bills accompanying the re
port urged the following reforms:
"Clearing house associations of whlcn
national banks are members should be
roqulred to become bodies corpor.aU of!
the s'tatra In which they are located, and
every solvent and" properly managed bank
or trust' company should have the right.
enforceable at law, to become and ic-j
inalrt a member.
"Regular periodical examinations of
members by a committee of the clean.ig
house association should be prohibited,
and Instead all such examinations should
bp, conducted by public .authorities."
The committee would give the govern
ment supervision of clearing house certif
icates and would prohibit the fixing of
rates by clearing houses for the collec
tion of out-of-town checks, discount or In
terest on deposits.
As- to tho New York Stock exchange
the committee recommended that con
An Introductory Sale Saturday of Women
s Smart
Women's HOSE
HERE are three extra specials
In women's hosiery that will
clean up the lot very quick
ly Saturdny- so come early, whllo
tho selecting Is good.
tWc Hosiery, 30c
Woman's black, white or tan pure
silk boot hose, first qual
ity, regular 60c values,
Saturday, tho pair. ......
URc Hosiery, 2Ac
Women's black cotton hose, fleoco
lined, a good 35c quality,
special for Saturday, the
pair at
17c Hosiery, 10c
Women's black nnd tan seamless
cotton hose, made to sell
at 17c, In Saturday's of
fering, the pair at
39c
25c
unless
10c
Aspirin Tablets, 2 Doz., 25c
"A. t). 3." Sore Lister's Sanitary
Throat 9C Towels, 36c val-
Itemedy ue, dozon Q
Electro Silicon at u
sliver polish, 10c Cream of Tartar
value, two 1 C. or Itocliello in.
boxes for.. Salts.Vllb.. C
Fine NECKWEAR
FOR Saturday's selling we offor
some exceedingly attractive
specials In women's neckwear.
Note the following:
CHEMISETTES AT 25c
Chemisettes In white, ecru and
blackball tho new Bhnpes in plain
and fancy nets, tho prlco tiCn
for Saturday Is only 4yU
PLEAT1NGS AT 25c
Pleatlngs In plain and shadow
lace; also ribbon in all the fav
ored shades, choice Satur- f)Cn
day, the yard to"
$1.50 VEILS AT $1.00
Chiffon veils, 2 yards long, with
hemstitched borders In all tho
popular shades. Values at $1.R0
reduced Tor Saturday
to
$1.00
New SUITS, $25
Instead of $29.75 and $35.00
Hr.
If spring wore really here there would be no
need to offor any price inducement on these
now arrivals for the spring season. Easter Sun
day is but a little over three wooks awiiy, and
every woman will want her spring suit lit tho
same time. Now, isn't it much the wiser to
tnke advantage of this advance sale Saturday
secure first selection from the smartest models
and enjoy tho very substantial saving involved?
ijji
Distinctiveness Characterizes These Tailored Suits at $25.00 v
. , i , . . , , . .. , , . ..
More charming models wore novor nroducod thnn those which It Is our oloasuro to show you.
Our reputation as a woman's suit houso has spread far nnd wide and wo fool It our duty to llvo tip
to a long-established reputation for showing first In tho city tho most authentic crentlons from
tho world's groat fashion centers, at tho lowest prlco conslstont with good business.
The Styles
Are .the very latest and
uiosiVl'Proved by fash
ion --perts for tho
coming season; every
garment carries with
It that stylo touch of
distinctiveness and ox
clustveneBs so much de
sired by every woman.
The Coats
Are made over tho
straight English lines,
with smartly sot coat
collars and fancy re
vers. The backs have a
modish tapering center
panel with button trim
ming. Smooth sot coat
sleeves stitched nt cuffs
The Materials
Include all tho new
w e a v e s, such as
men's wear serges,
oponge, Bedford
cords, poplins, shep
herd checks, whlp
cordB, Molroso cloth.
The Shades
Every now coloring
affect approved for
spring is represent
ed - such as tan,
navy, Cop e n h a g o n,
brown, light gray, also
black or whlto.
Women's COATS ana DRESSES
Formerly $20 to $35, Saturday $5.95
95
It's the one last effort to clean up our stock of
evpry winter garment and It's your one great opportun
ity, so como early and get your pick of the lot.
FfcHJHyCCTETC J-ake your choice of any in the
to $35. Choice
'lot, involving values from $'20
C( A TQ ftk youx choice of any in the lot,
lUix 1 0 involving values from $20 to $35.
Choice
IB i
mm m
Hnllt
iMrHPAi
Easter GLOVES
OF courso, ovory woman and
Miss Is thinking about her
now Enstor Gloves. Here they are
como Saturday and make your
Bolcctlon;
J.niubskln Gloves, pair 91
Women's flno Imported French lamb
sltln glovos; you can choose from
tans, grays, browns, blacks or whlto
a most elegant assortment. We fit
you perfectly ami guarnn- jki fin
tee every glove price, per l I II I
pair only UI.UU
Knssnn Cnpo Gloves, $1.15
Women's stylish street gloves mnde
of Imported Kassan capo, Ml ir
11hcI( and tans, one-clnsp IK
style. Snturtlay for il(IU
$2.75 Kid Gloves, 91.08
Women's Hluow length fine glaco
Kid gloves, wniio only, reg
ular ?2.75 value, Haturttny,
pair.
SI.68
SEMPBE GIOVINE, at 39c
Mary U a r il o n Pond's Vanishing
Perfume, $2.50 Crenm, 26o 1Sn
value, ti CO valuo I9V
ounce..... ,,wa Jergen's Benzoin
I'ompolnu Mas- Almond Uotlon,
sago Cream, 1Q 25a value 1Cn
SOo value.... ac for .....IBB
SONG HITS, 10c
Music Dept. Basement
"Whon Undo Joo PlayB a Rag
on Hla Old Banjo," "Georgia
Land," "Till tho 8andB of tho Des
ert Grow Cold," "Swoet Eicon
Aathoro," "When I Dream of Old
Krln." "ttow, Row, now," "I'd Do as
Much for You," "Qooil Old-Time, Straw
Itlde," "At tho Devil's Hall," "That'a
How I Need You," "He My Little
Uaby, Bumule-I3eo." "Parlsene," "The
Or eon Qraos Grew All Around," "I'm
a Lovln' Woman Looking for a Lov
In' Man," "Casey Jones Went Down
on tho Hobort 12. Leo." "Melancholy,"
"On tho 4-11-44 for nnlttmore,"
Whon tho atldnlght Choo Chotf
Leaves for Alabam. '
A comploto cataloguo and prlco
Hat will he sont upon request.
HKAlt OUU LITTLE 8INGE11.
Kail orders flUsa send lo extra
for postage for aoh copy.
Special Purchase and Sale of
Children's Wash DRESSES, About Yz
From the North Shore Co., Chicago
THE big. rjurchase of 'children's wash dresses that we made from the North Shore Co.,
Chicago, umved on time for Saturday's sellhm; wo bought them so reasonable we are
' - i. .ff.u i'v.n -..mi a n'tinnt Imlf rPcnlAr nrlon. Evnrv frnr-
nient Is of first quality no defective" ones they are all new, and
whoh comtmrod with tho price, you'll readily
appreciate what really wonderful values they
are. For lnstanco: S
91.08 Wrwdi Dresses at 08c
Children's Vagh Dresses, In the new sriring
styles; made of chambray. percale, striped
and checked ginghams, high and low neck
styles: daintily trimmed with bands and pip
ings of white and contrasting colors, long
waist nnd Russian styles full
plaited skirts with deep hems, slies
2 to 14 years, regular selling prlco
1.98, Saturday for
lors, long
98c
08c Wash Drosses at 50c
Children's Wash Dresses, now,, spring styles,
made of percale and gingham Jn dainty stripes
and figures, also plain colors, trimmed with
bands of plain and contrasting materials, tun
nlalted skirt: the sizes range from 2 to 6
years. Tho regular selling prlco of
these garments Is 98c, and Satur
day you can have your choice of
tho lot at
Mil & to O
59c
The Unprecedented Sale of
Women's House DRESSES, About
Continues lor Saturday
THE second shipment of tho D.Lovy and Son's stock has arrived
and wo offer this assortment at tho same prices as the first ship
ment. This Is a continuation of the salo of a few days ago that caused so much
flattering comment among tho women of Omaha tho values nro simply unbo
lloveable. hut the dresses will bo on salo nlalnly marked, and
early shoppers will get tho cream of tho lot
Annual Sale of
Engraving
SATURDAY wo will take ordors
for engraving calling cards in
the latest forms and styles, on
best quality board, mak
ing now copper pinto and
DO cards, you can select!
from 4 styles of script, for.
Copper plato and 50 cards
two styles of Old English
to select from
Fifty Cards, printed from
your own plato,
at
$1.69
25c
I'rctty House Dresses, 81.50 Values ut 08c
Houso dresses In sovernl protty styles of good quality porcalo
in dainty figures and striped, hnvo either tho high turn collar
or collarless effect, entire dress Is finished with
bauds and pipings of plain and contrasting ma
terials. DrcsBos mado by D. Levy & Sons Co. to
retail for $1.50. Saturday..
bit 11 UUIKll
98c
$-1.00 Houso Drosses, $M)8
Of chambray, checked ging
hams and Btrlpod percales, one
stylo mado with square, low
neck, trimmed with embroidery
Insertion. Others with Bquaro
or round collars of plquo, fit
ted skirts with dcop
horn; mado to rotnil
for $3.50 to $4.00..
$1.98
95 Houho Dresses, $2.08
Good quality chambray, ntrlp
ed nnd chocked ginghams In
dainty light and dark colors.
One ntylo with round collurn
of plquo or plain contrasting
materials, others with sailor
collar of whlto Urwn with
iminty colored omoroiuory fig
ures, soma styles
with panel front
effect: 14. HO to tfi
values, salo prlco.. '
itw.uuiy UK
$2.98
-ORKIN BROS.-YOUR HOME STORE-
Resmok
stops skin
torments
THE soothing, healing medi
cation in Resinol Ointment
and Resinol Soap, penetrates
every tiny pore of the skin,
clean it of all impurities, stops
itching instantly, drives away
eczema, rashes, ringworm, pso
riasis, and other eruptions, and
makes pimples and blackheads
impossible.
For 18 years Brtlnol Ointment, with
RmIdbI Soap, hu alo been bouiehoM
remedy for euch common troubles
du-drut, sotei. boll, bums, chapping,
and piles. All drurgUts sell Reelnol
Soap and Reelnol Ointment, but for a
sample of eaeb write to Dept. 11-T, Betl
al Chemical Co.. Ba.Kla.ore, Md.
gress "prohibit tho transmission by the
malls of by telegraph or by telephone
from otre state to another of orders to
buy or sell, or quotations or other in
formation concerning transactions on any
stock echunge, and also prohibit na
tional banks from buying or selling or
lending upon the security of stocks or
bonds listed In any stock exchange un
less such exchange were a body corpo
rate of the state or territory In which It
Is located.
"Require corporations whoefi securities
it (the stock exchange) Hats," the report
continues, "to make a comploto disclosure
of their affairs. In particular any com
mission paid to promoters, middlemen rr
bankers, out of any such Bee trlty interest
or the proceeds thereof.
"Require a margin of not less than 10
per cent on all .purchases of stock.
"Prohibit as far as possible the execu
tion of simultaneous or substantially si
multaneous orders proceeding from the
same person or persons to buy and .eil
the same security for tho purpose of cre
ating an appearance of activity therein
and any orders the purpose of which is
to Inflate or depress tho price of any
security.
"Prohibit members frpm pledging secur
ities purchased and carried for a cuc
tomer for an amount Breatnr than he
unpaid part of the purchase price, whether
with or without the consent of such cus
tomer. "Prohibit members from lending to
other members securities carried by the
former for customers, whether with ur
without the customer's consent. .
"State.. In Its charter the conditions jn
which Issues of securities shall ue ad
mitted or removed from the trading llt.
and provide for a judicial review of Its
action In this regard.
"Keep books of account showing tho
actual names and transactions of 'cus
tomers and give access, thomto to the
postmaster general."
nnuk Restrictions Proposed.
Among the recommendations for .he re
striction of national bunks tl;e commit
tee set forth twenty-two regulation..
These were:
The prohibition of tho consolidation of
two or more banks without the anprov&l
of the comptroller of the currenoy; pro
hibition of directors serving on tho boa.Tis
of .more than one bank In the same com
munity or locality; forbidding ownership
of stock in one national bank by any
other bank or trust company, forbidding
voting trusts In the control of banks;
providing for cumulative voting In tho
election of national bank directors; for
bidding security holding companies as ad
Juncts of national banks, forbidding In
terstate corporations from constituting
any banking establishment their solo tie
cal agents; forbidding Interstate corpora.
Hons to deposit funds with "unsupervised,
unregulated prlvato bankers;" forblddi.ig
national banks from engaging In under
writing syndicates; allowing national
banks to Invest 25 per cent of their cap
ital In state, city, county or corporation
mortgage bonds If the corporation issues
have paid Interest regularly for five
years; reform of the system of railroad
reorganization to conform with the
scheme outlined in the Itrltlsh law which
places reorganization under the control
of the courts, giving tho Interstato Com
merce commission the. power to supervise
reorganization plans; placing railroad se
curities Issues under the control of Ui
commission and providing-for competitive
bidding of such Issue; forbidding officers
of national banks from borrowing from
their banks; providing for publicity for
loans made by a director from his bank,
forbidding national officers and director
from participating in underwriting syndi.
cates; making It a crime for officers or
directors to accept any compensation tor
loaning a bank's funds; limiting the man
ger of directors of national banks to not
less than five or more than thirteen; pro.
vldlng publicity (or the assets fid fir
the stockholding lists of national banku.
Outline or IIIIIh.
Tho two bills presented by the com
mittee deal with the national banks and
with stock exchanges. The first embodies
the committee's recommend itlon as to
control of clearing houses, cumulative
voting for director, forbidding loans to
aid In combinations to restrain traae,
limiting the number of bank directory
regulating loans by national hanks u
officers and directors, forbidding Inter
locking directorates In banks and na
tional banks or officers from participa
tion In underwriting syndicates and pro
vodlng a flno of $3,000 and Imprisonment
for two yeaw for violation.
The second bill embodies all of the rec
ommendation of .the committee as to
stock exchanges and fixes penalties for
violation.
ThotnasF.Flynn,
Iowa Capitalist
Commits Suicide
DES MOINKS. la., Feb. 2S.-Thomas V.
Flynn, a prominent capitalist, committed
suicide In his apartments here early to
day. His body was found In a bath
room by tho Janitor, Death was caused
by gas, which had been turned on. Flynn
'left a note saying his domestic troubles
had caused his determination to end his
life. Ills wife, formerly of Port Worth,
Tex1., recently sued him for divorce, and
last week Telia McCoy, former Ucs
Moines telephone girl, but npw of Seat
tle, sued him for J5.000 alleging breach
of contract.
witness stand a certain question. With
her eyes flashing flro Miss Pleper left
the witness stand and rushed toward tho
attorney. Pointing her finger at him
she exclaimed: "Bring tho man before
me who says so and I will shoot him."
Tho Jury was out nn hour and returned
a verdict for Miss Pleper In the sum of
W1S.CC. Blio sued for back wages nnd
slander.
; I rl Will p. Slander NuH.
I,DA OROVE, la.. Feb. 2S.-Speclal.)-In
the trial In district court hero of tho
slander caso of IJolen Pleper versus
Jacob Bchau, Attorney M. M. White for
tho defense asked Helen Piepar on the
Veteran la Frnimi to Dentil.
MARKIIALL.TOWN, Ia Feb. 2S.-(Hpe-clal.)
Joseph Ellison, aged 71 years, a
veteran of the civil war from Fredericks
burg, la., and a member of tho soldiers'
home, wandered away last night and
froze to death on the Missouri ft St. Lou In
right-of-way, three miles north of this
city. Ills body was found by section
men this morning. It Is believed that
Ellison was mentally unbalanced. Elli
son was a Minnesota soldier and served
In company I), second Minnesota In
fantry. Ho enlisted at Fort Bnelllng.
September 50, 1801.
Persistent Advertising Is the Road to
Dig Returns.
Cascarets Tonight! If Bilious,
Constipated, Headachy and Sick
Turn the rascals out the headache,
biliousness. Indigestion, constipation, the
sick, sour stomach and foul gases turn
them out tonight with Cascarets,
Millions of men and wonven take a
Cascarets cleanse and sweeten your
the misery caused by a lazy liver, clog
ged bowels or an upset stomach.
Don't put In another day of distress
wake up refreshed and feel fine. Let
Cascarets cleanse anr sweeten your
stomach, remove the sour, undigested
and fermenting food. and that misery
making gas; take the oxcess bile from
your llvor and carry off the decomposed
wasto matter and constlpntlon poison
from the bowels. Then you will feel
great
A Cascaret tonight will straighten you
out by moritlng a 10-cent box keeps
your head clear, stomach sweet, liver
and bowels regular and you feel cheerful
and bully for months. Don't forget the
children their little lnsldos need a good.
gentlo cleansing, too.
CANDY CATHARTIC
fcfca. 10 CENT DOXES-ANY DRUG STORE
Highest Quality and Lowest Prices
at the Rexall Drug Stores
DELFT PEAN1T OIL AT
HALF PRICE
Sc slzo for.. ,,...,130
40o size for ,30o
COo slzo for 30o
1-gallon tins for.. 91.33
'4-rfullon tins for 7So
GOT A COLD?
Rexall Cold Tablets 3Bo
Sherman's Cold Tablets. . . .35o
Eucalyptus Catarrh Jelly
for aso and 50o
l.n. Grippe Cough Syrup
for 3Bo and 60o
Blnz UronchllyjHus.SSo, 60c, 91
MINERAL WATER
Our stock Is largo and varied,
we devoting ono floor exclusive
ly to the storage of these waters.
The tremendous business of four
stores Insures fresh and puro
stock.
Abllena, per quart 35d
Appolllnarl's, por quart. . .25i
Uutfalo Llthla, l& gal 50
Colfax, per quart 20 d
White Rock, per quart ...25J
TOILET 600DS
SOc Poboco Tooth Paste
for 39o
BOo Pompelan Massage
Cream .. aoo
25c Horset Shaving
Cream .lo
10c flrahain'H Ollv
MPHAIC 60creHlndi Tloney and
'vuwu. i jvimonu ureom ...aao
CREAM Falrbank'a Fairy Boap
tj i for 3Uo
2So Kanltol Tooth Paste 13a
10c Williams' Shaving Soap 3o
2Dc Packer1!) Tar Soap ..Ho
II Vlolelta. Loulsette Powder ..B9e
2Cc Victor's Tooth Powder...... lao
EXTRA SPECIALS
lCc Ltquozono Soap cut to ..5
10c Shlnola . . , , 4
Fairy Soap, per cako 3
20 Mule Teura Borax at , j)g
Visit the Auto Show Auditorium. Show Closes Saturday Night
Sherman & MoConnell Drug Co.
PBOFBISTOKS OF THE TO UK OMASA UEXALL BTOBSS.
Shsrruan & McDonnell Drup Co., Corner 16th and Sodga.
Owl Drug Co., Oor. 16th and Barney. Loyal Pharmacy, Hotel Loyal Block.
TUa Harvard Pharmacy, Corner 34th and Faraam.
m
THE OMAHA DAILY, EVENING AND SUNDAY BEE.
Tho Beat Advertising Mediums in Their Territory.
li