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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 27, 1914)
THE BKE: OMAHA, MONDAY, APRIL 27. 1914. HE All ESTATE. FAIIM fc 11ANCH 1,AM)S Fon SALI3 Mlnncioik Minnesota ' Farm Lands From $15 to $75 per acre. Aro .the equal of any in the United States that are selling from $150 to $300 per acre. These lands can bo bought on easy terms. Minnesota's 1913 corn crop, 40 bushels per acre, stands first of all states in the union. BEND FOR SPECIAL PAGE OP MINNESOTA FARM BARGAINS, Published la the MINNEAPOLIS JOURNAL, Minneapolis, Minn., Mnrch 29 to April 4. A 2c stamp will bring It. JS.WW 160-ACRB farm central Minnesota, excellent soil, fenced four-foot woven wire, cultivated, good house, barn 40x80, largo granary and hog house, near school, fine neighborhood, very easy terms. V. L. Mel berg. Randall, Minn. NICE 360 acre Improved farm, 20 miles from Minneapolis; part under cultiva tion; can practically all bo farmed; eight room house; barn, granary, corn cribs, wind mill, etc.; lays level; will produce good crops of corn, oats, clover, etc.; telephone and It, F, D. pass buildings; ono mile to railroad station; good roads; ro fresh milk cows, worth $70 apiece; 0 horses, complete set farm machinery can go with farm; price for everything, $37.60 per acre, or will sell farm without per sonal property at $29 per Aero; one-half cash. SCHWAB BROS., 102S Plymouth Bid. T.;mncanolls, Minn. FOR SALE 3 acres. Fair buildings. 800 acres under cultivation, more can be plowed, balance meadow and pasture. All good, level laud. 1H miles from Lake Crystal, Minn. $100 per acre, $1,oqo down now, $5,000 March 1, 1915, carry back $30,450. payable $500 per year with Inter est at 6 per cent and take stock of hard ware and Implements for the balance, or clear wild, prairie land. A genu wanted. Morehart-Atchiaon Land Co., Uankato, Minn. t Missouri, FARMS for sale: $5 down. $5 monthly. . buys 40 acres good timber land near .town, Texas county. Mo.; price, $3)0; per fect title. J. B. Jarrell. Mt Vernon. 111. IV'e'ir 'York. NEW YORK FARMS FOR SALE. Cows, team, machinery and hens gn with farm, seventy-slx-acro farm, good fair buildings, good land, two miles from village. Price $2,500; $800 cash down, $100 yearly. Possession any day. ISO-acre farm, thirteen miles from Syra cuse with cows; level, not a stone; clay loam soli. Price $35 per acre; $S00 cash down. $200 yearly. Railroad fare to pur chaser. Write for photos. E. MUNSON. 2426 S. Sallna St. Syracuse, N. Y. Nebraska. fOUND S20-ocre nomestead In. settled neighborhood; fine farm land; pot sand hills; cost you $200, filing fees and alL J. A. Tracy. Kimball. Neb. FOR SALE SO acres ,n Merrick county, Nebraska, at $7,200, $3,000 mortgago; 70 acres under cultivation. Rented for two-flftha." Two miles from station, 6 miles to good town. Address Box 2C3, Anita, la. South Dakota, FOR SALE Bargain, 1C0 acres. South Dakota: 2V4 miles from town, 30 miles from capital; main line C. & N. W. Ry. W. F. Gray. 5S47 Superior St.. Chicago, 111. Trial, T1AIILES .SOUTH OF HOUSTON In the" valley of the San Bernard and Caney Creek. We are polling the most fertile lands on the gulf coast of Texas. Our lands do not overflow. Come buy a home while land Is cheap. For further Information call or wnlo J. P. Sal Ice, Sweeney, Brazoria county. Texae. Wisconsin. Upper Wisconsin Best dairy and general crop state in the union. Settlers wanted, Lands fo sale at low prices on cany terms. Ask for booklet 34, on Wisconsin Central Land Grant State acres wanted. Write about our grazing lands. If Interested In fruit landes ask for booklet on apple orchards In Wisconsin. Address Land Dept. Soo Line Ry,. Minneapolis. iiliin- 25v-ACRE Burnett county, Wisconsin, farm; good soil; house, new barn 40xS0, silo and other buildings; fine spring stream runs through land; on mall route and telephone; about 55 acres under cul tivation; can practically all be farmed; good soil; price, $7,000; $3,509 cash, balance can stand five or ten years, 6 per cent; fine stock farm. SCHWAB BROS. 102S Plymouth Bldg.. Minneapolis. Minn. FOR SALE OR EXCHANGE II. E. CHOICE KUnurn valley larms for sale or trade. Address R. Er Duvall. Ne llgh. Neb. 32-ROOM hotel for sale or trade, In good railroad town In Nebraska. Will lease or rent If renter will buy furniture. O. . Taney. Address r mi, uee. EXCHANGE $6,000 equity in 1C0 acres of land under best water right In Idaho for property of equal value in eastern Nebraska. Address Y, 624. Bee. HEAL ESTATE IiOANB: H.VKKK-UJN fit MORTON, 916 Om. Nat 1100 to $10,000 made promptly. K, D. Wead. Wead Bldg., ISth and Farnam. PITY lilAKS. llmtK.t!ni-lh..ri' Co.. 0 110-312 3ralidels Theater Bldg. FIVE per cent farm loans. Optional pay 'ments and annual Interest WM. Mc- CORM1CK. 1201 Farnam WANTED City loans. Peiera Trust Co. BAB VIN BROS. M&S WANTED City loans and warrants. W. Farnam Smith & Co., 1320 Farnam, CITY and firm loans, 6, 6Vi. 4 per cent J. H. Dumont & Co.. 1003 Farnam Omaha, HEAL ESTATE LOANS. MONEY on hand for city and farm loans. H. W. Binder. City Nat. Bk, Bldg. CITY property. Large loans a specialty. W. H. Thamas. 228 State Bank Bldg. OMAHA homes. East Nebraska farms. O'KEEFE REAL ESTATE CO.. Wlii Omaha Nat Pouglas 2715. WANTED TO BUY. CASH paid for western South Dakota lands; defaulted sale contracts or mort gages. C. N. Molvame. Huron. S. D. SLIGHTLY used high grade piano. W.37M WANTED TO KENT. 5 or 6-room cottage, not too far from 24th and Cuming Sta. Will buy If suited. Harney U034. LIVE STOCK MAK1CET OF WEST SHIP live stock to South Omaha. Sav mileage and shrinkage. Your consign ments receive prompt and careful atten tion. l.tri- Afock Coiuiuiaslun airroUunt. MARTIN BROS & CO . Exchange Bldg. SWAPPEHS' COLUMN. CEMENTING. BRICKLAYING. CAR penter, roofing; exchange for anything valuable. Address a C. 605, Be. UNDERWOOD TYPEWRITER. NO. 4. all latest attachments, two-color rib bon, etc.: little used and good as new; will trado fur or towards motorcycle or used runabout or anything of equal value I can use. Address K. C. 532, care Bee. I HA VP. A ONE-TON LIGHT TRUCK. Iiwke offer. Address S. C 624. Bee. TRADE FOR IIANCH-M-ACREGOOD land, $10,000. equity $6.10. Dandy hotel. $7.50t net, rent $00. mtg, $1,500 Want good ran-h land, describe fully, S. C 613, Bee, Omaha SWAPPERS' COLUMN BtQHT SPBCKL8D HA.MHURO CHl,OK ens noted for their laying qualities; never set Make offer. Address S. U, 648, Bee. SNAPPY BAHQAIN-Jtuu CASH. BAL auee trade or easy terms, buys S-r. ctttage, beat repair; modern but heat Good garage. Price only $1,600. Let us show it to you. Address S. C. US, cam Bee. ALL MODKHN HOME. 2 YEARS OL1), in north part of city, three blocks from S4th car line; 8 rooms and enclosed sleep ing porch. Newly decorated last fall. Would trade my equity of $1,400 for mod ern hitncl,.t. nr linffl. TvtlVi twn np 1hr large lots, or for good acreage property I in north or west part or cuy aiso nave two lots in Kenwood Addition. 33th and Evans St, which 1 would apply on trade. Address 8. C. G12. Bee. LATE MODEL, HlHH-OIwiDK. SEVEN passenger touring cor. with electric lights and self-starter, and otherwise fully equipped, for good cnulty in Im proved real estate; may add some cash. Address S. C. 613. ueo, GOOD MODERN 7-ROOM COTTAOE ON So. 20th St.. near Vinton, to swap for $2,900. Just thn home for a motorman. Address s. c. 819. Ueo. WANTEDTO EXCHANGE OSTEO nathlo treatment for tailoring. S. C. m. Bee. TWO LOTS IN DENVER. ON CAR line; new hot water boiler for 10-room house. Swap for late model 4-cyllnder auto, roadster preferred; Uutck, Hudson or other standard make. Address S. C. C92, Bee. vtr-nv i.atkst MODEL, NO. 8 U C Smith, only used two months, cost $100, will sell or trade; must dispose of It this week. Address 9 C 593. care Bee. GOOD COTTAGE NORTH OMAHA. Modern but heat All newly painted and papered. Garage. Hx2S ft Cement walks. Mtg., $X). Want $300 cash and good, light auto or clear lots. S. C. 569, Bee. WILL TRADE A SKSV1NU MACH1NU for bookcane or buffet. Address S. C M0. Bee. NICE 6-ROOM COTTAOE; BEST RE pair; modern, but .heat; barn, 10x123 ft; cement walks; all newly painted; price, $2,SO0; mtg., $SO0; want small grocery stock or two good light autos. Address S C. 595. Omaha Bee. SOUTH OMAHA LOT, NO INCUM braoccs, for typewriter and offlco fur niture. Address S. C. 25. Bee. ABOUT 100 UNIQUE AUTOMATIC INK wells, flno goods for canvasser, also 140 novel shape cold cream jars, trado for books, camera, or anything- useful. S. C. 537. Ornalm Bee. I HAVE A GOOD. HEALTHY YEAR ling colt, I would trade for calves. Makt me offer. Address S. C. 5S4. Bee. A-NO. 1 SINGER 8EWING MACHINE. former price $o, for sale or swap. Ad dress S. C. E7I, Bee. 7-DRAWER OAK ROLL TOP DESK, latest sanitary style, 54 leches lopg. II Inches wide. For quick sale $25, or will trade for typewriter. Address . U. 533, Bee. GENTLEMAN IN THE WEST FOR health and needing saddle horse will exchange valuablo oil painting, worth $1,250. Address S. C. (597. caro Bee. IF YOU DO HOUSE BUILDING WORK. new or repair, and wnnt a home with out a dollar required for down payment, doing work In exchange, let mo know at onco with particulars and I will keep you. Address at once. S. C. 6S7. Dee, STANDARD HIGH URADE PIANO. gcod ad new, mahogany case. Cost $35o. Will exchange for diamond ring or Ford auto or sacrifico for cash. S. C. 644, Omaha Bee. I HAVE A FINE 1W-ACRE FARM, Stanley county. South Dakd'ta: all till able land. What have you? Address, S. C.6S4, Bee. $900 EQUITY IN 4-ROOM MODERN house to trade for clear lot S. C. 3s0. WILL SELL FOR CASH OR TRADE for clear real estate, $3,000 to $8,000 shares in good established Omaha fac tory business. A money maker; salaried position to good man. S. C. 6SS. WHO WANTS TO BUY UK SWAP FOR a good cottage, with barn for 4 hprseB? Address a. U. w5, , caro lice. FINE MOTORBOAT IN EXCELLENT shapo for a good second-hand Ford roadster auto. Adresa H. C. 090, Bee. DIAMOND RING IN EXCHANGE FOR useu i ord car.. Auarcss s. u. wi, nee. I HAVE A FIRST-CLASS FULL DRESS suit In excellent condition; this suit has onlv been worn 5 or 6 times and Is as good aa new. Size, 37. Will sell for $16 cash. For information wnto a. . wu, Omaha Bee. HAVE A PRINTOGRAPH MACHINE for multlDle letter work: prints ihroueh ribbon like tvDuwrlter: can use urdlnary printers' type, and cuts, also; electric motor and hand power; cost J3J5. win trade for cheap lot or tana, or wilt con sider any Kinu or a reasonaoie oner. Aa (Iicb.i H. C 555, Bee. TYPEWRITER DESK AND CHAIR wanted In exchange tor tour new and crated, upto-date wauhlng machines. Ad' dress S. C. 612. Bee 1 HAVE BULL PUP 1 YEAR OLD. white, thoroughbred bull, good and sound; fine watchdog. Will exchange for bicycle. In good tondltlon. S. C. w2. Bee, TWO LOTS, NOS. 169 AND 1G0 ICEfi- wood Addition. 3Sth and Evans St.. un encumbered. Will trade as part payment on small modern cottage or bungalow In north part or city. Aiignt consider iraae for. small automobile, or would take good motorcycle as part payment Address S. C. (Ml. Bee. QOOD FOUR-PASSENGER INTERNA- tlonal auto to exchange tor goon duuu lng lot or lots In Omaha: value, $750. Ad' drvss S. C. 575. Omaha Bee. SOFT COAL BURNER AND GASOLINE ranee: will trade for chickens or any thing. Make offer. Address S. C. 649. Bee. TWO CLEAR LOTS-PIERRE. B. D, Good abstract Price, $1,000. Want gen. mose. or auto, uooa aDstract ana war, ranty deed. S. C. 668. Bco. WANTED ELECTRIC FIXTURES AND painting in exchange for tailoring. Ad dress S. C. 603, Bee. INTERNATIONAL TRUCK TO TRADE for anything of equal value Address S. C. 618. Bee. 160 ACRES LAND; CLEAR. WILL trade for good house in omana, Zb acres in corn, balance dandy hay land and uasture: cash value only, or no deal made. Price $2,400. Might trade for a grocery or mdse. stock, prefer to trade for Omaha residence to iivo in. Aaaress a. u. on. Bee. OUR RHODE ISLAND RED COCKEREL for two setting lions. Aaaress ts. v. 690, Bee. WANT OMU OMAHA LOT IN EX change for utmost new standard piano; goou as new; cosi Auaress a. u. ua. uirana uee. GENERAL MDSE. STOCK. $25,000, FOR exchango ror goou lanu or equal vaiu In eastern Nebraska, Describe fully, S. C. 044, Bee. Omahu GOOD AUTO WORTH $) FOR GOOD clear lot. Addri-sa S. C. 606. Care Bee. HAVE TWO CLEAR LOTS IN SOUTH Omaha well worth $100 and $100 cash. Want a 1913 Ford car In first-class condi tion. Address S. C. 532. care Bee. NEW HAMMOND TYPEWRITER, COST $30. Changed work so cannot use. Will trade or sll. Address H. C. S5S. Bee. FQR EXCHANGE FOR ALMOST ANY thlnc. 7-pnssenger automobile. Address 3. C. 609. Boo. GOOD VACANT LOT IN GOOD PART of town; will swap for cash. Address H. c. u .care i .- SECOND-HAND REMINGTON TYPE wrlter to swap for good bicycle and cash. Address S C 61S. Bee. WANT GROCERY BUSINESS TRADE good house and a clear lot. l'rico $3,70v, equity $2,900. Even deal. Address H. C. (91, Omaha Bee. CLEAR LOT FOR ROOMING HOUSE of 19 or 12 rooms. Address K. C. 656. Bee. TO SWAP ONE 3-DKA WEIt 6X4 OARO cabinet for typewriter. Addreaj a C. lit. Bee. ONE INTERNATIONAL AUTO WAGON In good running order. $!t0 cash takes It. Or 1 will exchango for a vaeant lot of equal value. Address 8. C. 646. care Bee. SO ACRES CLEAR. LAND. CENTRAL Nebraska, exchange for light runabout i auto woi th $1.J0Q In cash. Address S. C. 1 640. Bee. On'aha. j Key to the Situation Itee Advert sing. SWAPPERS' COLUMN CLEAR LOT FOR EXCHANUB-WANT good light auto or diamond ring of equal value. Price Is $110 cash. Address S. C. 041. Bee. Omaha. TWO LOTS ON ML. AVE.. NORTH OF Webster Av., $400; $10 down, $10 per month, or will trade. Address S. C. Lit, care Bee. LOT 9. BLOCK. 3. ARMOUR PLACE. South Omaha, vntue Situ, or lot 90, block 5. Belmont add., Lincoln, price $100; trade for typewriters and office furniture. Ad dress S C 69S. care Bee. GOOD 7-ROOM HOUSK AND 3 IA)TS. In good live town, house always rented. To swap for good automobile. Addross U. 645 llee. INTEREST IN GOOD WHOLESALE business, with posl.lon and moaern res idence to trade for clear lund. preferably In Texas. $5,000 to $10,000. Address S. C. 6SS. uee. I WANT TO SWAP SOME DISC PHONO- graph records. What Imvo you 7 Adurcss S C 633. care Boc. FOUR DOZEN NEW AND LATE model washlne machines taken from merchandise creditor: cratca lor ship ment; wholesale price $S apiece; fir team work horses. Harness ana wagon. ja dress S. C. 6SS, Bee. BEES TEN COLONIES YELLOW Italian I.poh. In fine sliauo for big crop thin RPQiun: rxtra.rtor. extra hives and complete apiary outfit; worth about $123; mako mo a cash orrer, or win iniuo ior motorcycle or small second-hand runa bout, paying additional cash If warranted. Address 8. C. 562. caro Ueo. WILL EXCHANGE QOOD 5-ROOM COT- taKo at 2625 Grant St. Omaha, price J2.S00. inc. $H0. for $2,000 grocery stock or gents' furnishing stock and shoes. Own ers write mo. S. C. 574. Omaha Bee. A GENTLEMAN'S GOLD FILLED watch, costinc 160. for typewriter: must bo In A-l condition. Address S. C. 699, Bco. CLEAR LOT IN LAKE CITY. NEB, ; trado as first, payment on rooming house. Address 8. C, 692. Bee YOUNG CATTLE OR WORK HORSES wanted for 160 acres gooa, level lana at cash value $16 per acre. Address S. C 62), Bee. Old-style sidebuahu. bird be li, maple with marble top. hand-carved nd n pretty pleco of furniture, but bulky. What nave you 10 excuaii& .iuuhm S. C. 510, Bee. TEN ACRES OREGON FRUIT LAND, worth $400, to trade for Omaha lot. com nlin nttim iTiuimnent or diamond: Va cant lot, Lake lew. Ore., for typew riter or office desk. Address S C 6H. care Bee. WHAT LAND IN EASTERN Ne braska or western lowa nave you io trade for 110 s.orcs of best fruit ana vegetable land adjoining town In East Texos7 Address S. C. 620. Bee. SINGLE DRIVING RIG WANTED; ex change ICO-ncre good land, $15 per acre. cash value; take rig as nrst payment. balance terms. Aauress a v.. un. mre. ONE OLD TRUSTY AND ONE SUC- ... , f . . i , ,inn unna hena or two dozen for choice of either. Address S. C. biz, caro nee. WANT RIDING HORSE: HAVE $250 equity In a couple suDuruan name iois worth $500. AddresB S. C. 606 Bee. I HAVE 40 ACRES FINE OREGON fruit land: a C-room cottage, modern ex cept heat, and x 1913 Overland touring car. Will tradu fur anything. Make of fer. Address S. C. 622. care Bee. 1 HAVE A FEW CITY BU1LUKNU LOTH to swap for a good truck or high-grade automobile. 3. C, 520, Bee. A GOOD BAKERY. WORTH $300, FOR trade. What nave you. Address S. C. 410, caro Bee. WILL TRADE 17-JEWELED WATCH for typewriter: worth $12. S. C. 633. 60 TOOL SHARPENERS, WHOLESALE price $6 apiece. Any agent can sell to farmers. Want single driving rig or team of work horses. Address S. C. bJO. Bee. HAVE HO ACRES OF 'BEST FRUIT and vegetable land adjoining town in East Texas; will trado for some fcood, clear laud In eastern Nebraska or lowa, or cash. Address S. C. 60S, Bee. HAVE A FIRST CLASS GROCERY DO- l ...Inllw .h hnslti.ai which T wllth .III, U Olllv.l,j " , to exchange for a property, houso hav ing seven rooms unu un i.iuu.u ,-uir venlences. Must be clear. Address S. C. C50. Bee. I OWN 320 ACRES FINE GRAZING "Innil lilnnk noil, fine crass, fenced. Ly man county. South Dakota; not far to r u tnwn. which Is county seat Price, $15.00 per acre. Will exchange ror grocery storo or stock of goods In small town, or Income property, or make offer. 8. C, 639. HAVE KIMBALL PIANO; TRADE FOR " rflnmnnH linnll find llUL'CV. OdUlty il house, or what have you to offer? ti. C, 5910. HAVE CLEAR LOT. GOOD SO. DAK. or what can you offer? 6. C. 4000. DANDY 5-ItOOM COTTAOK8. A lib 4 'iw.t.iiinon r And It inn. on naveu etri win oYPiinncft 1 or 3 for good stock b-nndii in or out of Omaha. Price, $7.0X; SINGLE SKATED ItUUBEU TIRED surrey, practically pood as new, aa part payment, uu kuwu u-joo-it, . a a i" K1 Mam Ur - U S 1 1 . itUUl CBO W MtWi -nwt I HAVE A 8x10 TENT, BLUE AND whlto strlDo. heavy canvas, Just the ihintr fn. ffllm nnd carnivals: cost $22.50 as "good as new. What have you? Mako an offer S. C. 637. Bee HAVE 5-ROOM MODERN COTTAGE on pavea street, nrsi-ciass cunuiuun. well rented to good tenant, Has loan on of $975. Will exchange $1,000 equity for grocery, vacant lots, acreage or dia monds. Mako offer. Address S. C. 6J4, Bee. LET ME FURNISH THE PAINT AND nalnt that old Iioubc. I can mako it look llko new. Am flrst-cluss painter and v'ewlll'eln ecSe TyS I can use-diamonds, horse und wagon. auto, lot, groceries, tailor-made clotnes, or what have you? Will exchange 100 gallons shlnglo stain, all colors. S. C. b36, Bee. WHAT HAVE YOU TO SWAP FOR good vacant property. In the best part of tho city? Tell me quick. Address S. C. 607, care Bee. ' 1 HAVE A GOOD LOT IN A GROWING part of tho city which I will swap for a good "Ford" or some other good auto. Address S. C. 654, care Bee.' SEVERAL GOOD VACANT LOTS TO swap for Income property. What have you? Let me hear from you. Address 8. C. 678. care Bee.' HAVE A FINE BUILDING LOT THAT I will swap for a Hupmobile. Must bo In good repair. Address 8, C. CS2, Bee. WILL EXCHANGE CARPENTER work for cow or lot or will work by day. S, C, 635, Bee. WORK HORSES WANTED IN Ex change for good 160-acre land at cash value; all or part; balance, If uny, terms. A d druas 8. C. 610. Boe. FIRST CLASS PAINTER AND PAPER. hanger, will swup painting and paper ing fur coal, groceries, building maturlal. or anything I can use. S. C. UA. I HAVE 20 ACRES BEST SOIL IN Texas, near gulf, 2V miles from Robs town; unimproved. Price $1,00, mtg. $300. Cabbage In field near there sold for $10J per acre this spring. Dtllghttul climate. For sale or exchange for clear lots or 1913 automobile. Address 8. C. 627, Bee. MUST SELL OR TRADE MY BTENO type und Monarch visible typewriter. Both good as new. Cost $100 each. What will you give me? Address S. C. 007. Bee. SMALL OAS ENGINE. LIKE NEW. TO trade for what? S. C. 5$l. Bee. AUTO TO TRADE Foil A CLEAR LOT, Address 8. C. 615. Beo. BLUE RIBBON WASHINO MACHINE; will trade fur anything. Address S. C, 647, Bee BAKERY FIXTURES COMPLETE FOR J2IJ. or what have you to gffor? S. C. 6H, Bee. ONE OR TWO LOTS CLEAR IN GOOC town South Dakota: price, cash, $221 each, or exohange for gooa one-karat dia mond ring. Address 8, C. iK. Omaha Bee. $1.UU0 EQUITY IN SOUTH DAKOTA Income to exchange for anything. In cumbrance of only $500. Address 8. C. HIV, TlVn WIMP" MHW MnnKnV TinHSrca I In Omaha to exchsnsc for stock of nat.mr.re & Ohio stork has been owned i$i.00b" "sC W1BercT"3 lrtV'- whn It v.a. purchased a. a LOYETT REPLIES TO THOMAS Chairman Union Pacific Board Pro tests on Senator's Speech. DEFENDS EXTRA DIVIDEND MADE Pnj'K Srnntnr I)lpln iKnnrnnro nf Farts nnd (hni Inmir AVn Nnt Mnric In Coiinrqnrnrf nf Ilccrrr In Snlt. Chairman R. S. Ijvett of the Union Pacific board of directors has given out through President Mohler nt the Omaha headquarters of the road a personal letter addrcsseil to Senator Charles S. Thomns of Colorndo, protesting sgatnst the latter'a speech In tho senate last Mon day on tho company's trcent extra divi dend. Judge Lovett flatly charges that Sena tor Thomas displays Ignoranco of' tho facts, and that because of this and tho far-reaching effect of a speech "n iho floor of congress, his company reels obliged to make public protest, He de nies that thn dividend was declared In consequence of tho decree In the; govern ment's recent ntilt. Tho full text of the letter follows: 'Referring to your remarks In tho sen- ato on Monday based tipon letters of W. S. McCarthy to you, datud April 1, and April 4. 1914. concerning tho extra divi dend recently declared by this company upon Its common stock: "Mr. McCarthy's denunciation of the action of this Company Is based primarily upon an absolutely erroneous understand ing of the facts, and secondarily upon an entlro Ignorance or disregard of the principles of law and accounting affect ing the declaration of dividends. Such uninformed criticism I should ordinarily Ignore, but when made in tho United States senate 1 do not feel nt liberty to permit tho grave Injustice Involved. therein to be suffered by tho company without protest Issues of 1001. "It Is true that In 1901 the Union Pa cific Railroad company Issued $100,000,000 face value, of bonds known as Its First Lien Four Per Cent Convertible Gold bonds, convertible at the option of the holders Into common stock at par until May 1, 1908, and thnt part of this Issue, namely, about $42,000,000, was used for the acquisition of $75,000,000, par value, of Southern Pacific company stock. Tho fundamental error upon which Mr. Mc Carthy's entire criticism Is constructed Is that theee bonds are still outstanding. "Tho fact is that they were all retired in 1908; $99,430,000 of the bonds were con verted Into nn equal amount of common stock and tho remaining $550,000 wero called for redemption nnd paid. The causo of this misunderstanding Is probably that the company has now outstanding part of an entirely different Issue of con vcrttblo bonds made In 1907, known as Its 'twonty-year 4 per cent convertible gold bonds,' of which some $73,000,000, faco value, wero originally Issued and nil but $26,835,000 o which have been converted Into common stock. Not Result uf Lrcrcc. "Tho extra dividend declaration was not a consequence of tho decree In tho gov ernment suit requiring tho company to dispose of Its holding of Southern Pa cific company stock. The dividend con sists of $3 In cash, $12 par value, In Baltimore & Ohio preferred stock and $22.50, pur value, in Baltimore & Ohio common stick upon each share of Union Pacific common stock outstanding nt tho close of the books on March 2. It was determined at the same tlmo to rcduco the regular common stock dividend rate to 8 per cent after the payment of the extra dividend. This extra dividend Is merely a partial distribution of accumulated sur plus profits. "Tho board of directors ordered that the amount of cash and BalUmoro & Ohio stock distributed pursuant to tho divi dend should bo charged to profit nnd loss account. The Union Pacific system on June 30, 1913, had unappropriated accumu lated surplus profits, appearing as a credit balance to Its profit and loss ac count, of 9151.153.3SS. This balance of ac cumulated profits is derived In part from net operating revenues, in part from In come from Investments and miscellaneous Income, In part from a profit of some $58,000,000 reallxed on the sale of Northern Securities, Northern Pacific and Great Northern stocks In 1905 and subsequent years In excess of cost, nnd from other profits of a miscellaneous character. Tho existence of so large an accumulated surplus Is of course the result of the practice which the company has fol lowed of not distributing each year In regular dividends the entlro surplus In como or other profit reallxed during the I vnr. The aggregate equivalent of this dividend .night have been paid out In regular dividends during past years by an Increase of the rate of the rcgu- lar common stock dividend. An to Common Stock. i "Upon the common stock outstanding on March 2, 1914, the dividend Involves about $71,000,000 in cash and Baltimore & Ohio stock, taking the Baltimore & Ohio stock at $80 per sharo for the preferred and $9i for the common, Its prevailing market value at the time of tho dividend declaration. As this dividend does not result In the appropriation nf one-half the accumulated surplus profits It Is ob vious that a dividend of this amount might have been declared at any time during several years past There has been more or less agitation for years aa is well known for a distribution of the company's accumulated profits. "Having accumulated surplus profits sufficient for the payment or this dividend it was Immaterial from a legal or ac counting standpoint whether the dividend should be paid In cash or In property. Tho company had ample cash resources to have enabled It to pay the dividend entirely In cash, but for various reasons of policy It was thought preferable to retain the cash resources and disburse tho greater part of the dividend In Balti more & Ohio stock. Iuiinutt-rlul nn in Funds, "Under the law, as long settled, any excess of assets over capital stock and 'liabilities conxtltute profit available for dividends. It is quite Immaterial what funds or other assets are distributed as a dividend If the amount does not exceed the amount of profit available for divi dends. In selecting Baltimore & Ohio stock for this dividend the board of direc tors thought their uctlon. In view of the very considerable proportion of the cntlru stock of the Baltimore & Ohio held by this company, would be entirely consist ent with the policy of the government and receive general commendation. "The company held $28,480,000 of Balti more & Ohio preferred and $53,607,500 of Ilaltlmoro & Ohio common. About one half of this stock, namely, $21,273,600 of the common stork, was acquired In July, 1913, under'the decree in the government I suit In exchange for $$8,292,400 of South- ! Pn Iotrl.- .loL Th. r.m.ln.r of ht part of the re-Investment of funds real ised from tho sale of a targe amount of Northern Securities, Northern Paelllc and Great Northern slooks theretofore owned. Tho balance of tho Southern Pa clflo stock, remaining after th exchange of a part of the holding for Baltimore Ohio stock as above stated, was disposed of tinder the decree of the court for cash, reuniting some $0,000.000. Nelthtr tho Baltimore fc Ohio stock nor the cash reallied tipon the disposition of the Southern Pacific stock has affected the profit and loss account up to the pres ent time, for the exact amount of profit i reallxed from the Southern Pacific stock j transaction has not yet been ascertained and therefore has not been credltfd to ! profit and loss. Tho balance to the credit of profit and loss at the time of the declaration of the dividend Is therefore precisely what It was on June 30, 1913, before nny of the Southern Taclflo stock was sold or exchanged, subject only to some additional credits to profit and loss representing current surplus Income be tween Juno 30, 131$, and tho date of the dividend. Overlook Vltnl t'net, "Mr. McCarthy overlooks tho fact that every dividend payment must under the law and under correct principles of cor porate accounting leave assets sufficient to represent thn entire outstanding capi tal stock nnd to pay off all liabilities of whatever character. It Is fundamental that dividends which Impair tb cnpltnK stock are unlawful and render the di rectors personally llnble, Thn result of this principle. Is that oven If Mr. McCar thy were correct In his belief that tho $100,000,000 of bonds Issued In 1901 wero stilt outstanding it would be absolutely Immaterial upon the question of tho right to pay this or nny other dividend whether tho $100,000,000 of bonds con tinued outstanding or were redeemed be fore the dtvldend was paid. Tho balance sheet of the Union Paclflo system as of June 30, 191$, showed totsl asset of $902,- 713,934 and total liabilities (Including cap ital stock and $50,144,SS4 of resorve funds) of $751,600,617. The surplus assets were, therefore, over $161,000,000, corresponding, of course, with accumulated surplus ap pearing as tho credit balanco of t,ho profit and loss account. "It seems to be implied In Mr. McCar thy's letters that the regular dividend payments of 10 per cent per annum mad) In recent years on tho Union Paolflo common stock are from the operation of the railroads It owns. The Union Pacific has not paid and could not pay a regular dividend upon Its common stock at the rate of 10 per ceht per annum from its railroad operating revenue alone. That rate has been made possible onty by rea son of the large amount of Incomo re ceived by way of dividends and Interest on stocks and bonds held as Investments. Details of Income. "Tho Income reallxed exclusively from Interest and dlvldonds upon investments and sources other than from operation of its railroads has amounted since, nnd Including the fiscal year 1907, to the fol lowing sums: 1907 Income other than from its rail- loads. $11,687,018. equivalent to 6.87 ner rani on common siock. 1908 Income other than from Its rnllroni'R. $16,782,457, equivalent to 8.13 per cent on common stocK. 1909 Income other than from Its ra Irnads. $18,110,481, equivalent to 8.9 per cent on common stock. 1910 Income other than from Its ra Irnnds. $19,890,469. equivalent to 9.01 tier cent nn common siock. 1911 Incomo other than from Its rnllrondn. $18,65S,1C8, equivalent to 8.49 per cent on common siock. 1912 Income other than from Its railroads. $18,949,098, equivalent to 8.63 per cent on common stock. 1913 Income other than from Its railroads. $1'.',207,971, equivalent to 8.23 per cent on common siock. "Thus, since the fiscal year 1907, during which the 10 per cent dividend rate was established, the company could havo paid more than 8 per cent without using a dollar from Its railroad operations. "Futhcrmore a large part of tho addi tional common and preferred stock of this company Issued since the reorganization was Issued, dollar for dollar, In exchange for securities of the Oregon Short Lino company and the Oregon railroad and Navigation company, then outstanding in the hands of the public, and resulted In bringing tho proportion of those com panies Into the exclusive ownership of the Union Pacific Railroad company. Tho balance of the additional stock issues by this compary does not equal the actual expenditures made since the reorganisa tion for construction of new lines, doublo tracking and other additions and better ments. The aggregate Interest paid on funded debt of tho system In the hands cf tho public Is now about $14,200,000 per annum, and there has been no year slnco 1907 when tho dividends and Interest realized from investment securities have not exceeded the entire annual Interest payment on the funded debt. Waste nnd Injustice, "It would be manifestly unfair to thu stockholders and disadvantageous to tho company, to redeem any of tho cutstund lng funded indebtedness at a premium. Many of the outstanding bond Issues, In clining all those bearing a high rate of interest are not subject to redemption and these can be retired If at all onty by the payment of an unreasonably high premium. Thoso Issues which are sub ject to redemption are redeemable only at specified prices in excess of par, Tho bonds which aro expressly subject to re demption are all bonds bearing rates of Interest lower than the rata at which railroad bonds can now be sold, Tho ictlrement of bonds under such cir cumstances would Involve an unjustifiable waste of surplus and great Injustice to stockholders. "The suggestion might be made that the capital stock should be reduced. Such action could not bo effected under tho statutes governing this corporation ex cept by vote of the requlslto majority of the stockholders, and would involve the pro rata surrender of stock by every stockholder, over 31,000 In number. Ob viously no stockholder would give the necessary assent unless he were to re ceive his proportionate share of the en tire present surplus In addition to the par amount of tho stock surrendered by him for reduction. Even these terms would probably be thought by most stock holders unjust to them and an unwise weakening of the company. LUIirntlon In New York. "The litigation pending In the courts of this stuts (New York) with reference to the extra dividend does not attack the legality of the dividend from any stand point, but la litigation brought In be half of preferred stockholders seeking nn adjudication which wilt relieve them from the 4 par cent dividend limitation In the charter, and enable them to share with the common stockholders In any distribu tion of accumulated surplus profits. I believe that all the figures and state ments mentioned herein relating to mat ters up to June 30, 1913, can be verified from the records of the Interstate Com merce commission. "The Union Pacific has been at all times honestly and conservatively financed. Such an attack as that of Mr. McCarthy, especially when given sanction and authority by quotation In the United Insurance A NEW POLICY An np-to-tlnto policy contract affording tho high est degree of protection at Minimum Cost. Ask about it. MILLIONS OF ASSETS Liberal Contracts to tho Right Men for Agoncy Juporvisors. The Bankers Reserve Life Company OMAHA, NEBRASKA. B. H. Robison, Pres. R. 0. Wagner, Seo'y. R. L. Robison, Vice-Pres. W. Q. Preston, Treas. Within the realm of human need, comfort, foresight and kind provision for loved ones, Insurnnce Is the most practical form of applied Chrlstlantty of which I have any knowledge. A poor man's best investment is an Insurance policy. And that home posnesnen one strong anchor, at leant, which can boast of such a document among Its archives. TOM S. KELLY. THE FOIiLOWlNCJ COMPANIES GUARANTEE SAFETY IN Fire Insurance Homo Instirnnco fjompnny. Phoonlx Insuranco Company. Conti nental Insuranco Company. Springfield Fire & Marino Insnraneo Company. Now llnmpshlro Insuranco Company. Liverpool and London nnd Globo Insuranco Company. Franklin Insuranco Com pany. Western Assurance Company. Foster- Barker Company Brandeis Bldg. Phone Doug. 29 Lion Bonding & Surety Co. SURETY BONDS Our Word is Good :-: Try Us Have you seen our now Accident and Health Policy t Nono better. Call Douglas 678 for information. HOME OFFICES - - 9th Floor - - W. O. W. BUILDING German-American Life Insurance Company ' OMAHA First Class Positions for Live Wirs Three and One-Half Years Old Insuranco In force $0,000,000.00, Issues attractive and up-to-date Policies. Liberal contracts to agents with or without previous experience. If Interested call at or wrlto to Uie Ilonio Office, Omaha National Dank Uhlg. The Commonwealth Life Insurance Company FRANB NELSON, President. Flit IS, TORNADO, AUTOMOIULK, PLATE GLASS, BOILER, HUUGLAHY, HEALTH nnd ACCIDENT, ALFRED C. S00 First National Dank rtnlldlng. States senate, Is not raersly an abstract Injustice but operates to bctual Injury of tho company's reputation tor honest financing- and its credit among the se curity holders and financial public here and abroad, upon whose confidence the company's ability to improve Its prop erties and build new lines Is dependent. I earnestly hope, thereforo, that you will to the extent ot your ability corroct the Injustice to which you have uninten tionally contributed. Respectfully yours, "II. 8. LOVETT." for mi Impaired Appetite. To Improve the appetite and strengthen the digestion try a few doses of Cham berlain's Tablets. Mr, J. II. Helti ot De troit, Allen., says: "They restored rr.y appetite when Impaired, relieved me of a bloated feeling and caused a pleasant and satisfactory movement' of the bow. els," All dealers. Advertisement. B. V D. COMPANY WINS SUIT OVER TRADEMARK A perpetual injunction forbidding the n. and M. company of Peoria, III., to sell underwear advertised "Just like the D. V. I).," and damages of J1C0 have been awarded to the U. V. D. company by United States District Judge J. O. Humphrey, according to Information which has retched Omaha. The awarding of cash damages Is said to be a rare procedure In cases of this kind Involving the alleged abuse of th B. V. D. trademark. The defendants were restrained from making any use of the letters "II. V. D." in the sale of their goods, Uocklen's Arnlcn Salve cured Ben Pool of Threet, Ala., after Ixilng dragged over a gravel roadbed, Boothtng, healing, antlsceptlc. Sc. All drugBlsts. Advertisement. Insurance Notes, Following the Investigation by the state flro 'marshal Into the origin of the num ertun recent fires of supposed Incendiary origin in the village ot Ike Mills, Wis., three men were arrested on suspicion, The ninth fire of unknown origin In four dbys. destroyed a bam containing a large number of valuable blooded animals be ing burned with all contents. Tho Ohio state Industrial commission has made a third reduction In the prem ium rates under the compulsory work Field News "Ths insurance Man." Tyltr 061. KENNEDY Phone Douglas 722. We insure insurance men tho beat of service, the best location and the most in office comfort for your money if you office in THE BEE BUILDING "TneSnllotar That's Always Ktw" "Wo can show you a few choice offices today. Next month there may be none. Superintendent, Room 103 men's compensation law ot Ohio, taking effect July 1. The former reductions were uniform on all classes of employ ment, but the new reduction will ve varied according to classes and based upon the loss experience ot the class, The Missouri insuranco commission ap pointed last year to recommend a new code of fire Insurance laws, will meet In 8t. tiuls April IS. It will hear sugges tions and recommendation for legisla tion. The committee has held hearings In various parts of the state, and it Is expected that this tt. Louis meeting will be Its final hearing. A number of the commercial organisations of St, Louis will be represented. The Illinois Industrial board has amended its recent ruling on workmen cimpeneatlon policies. Hereafter all policies must provide for a ten daja" notice to the Industrial board of can cellation or expiration. Instead ot fif teen days, as under the original ruling. All policies must cover the normal lia bility as defined In paragraph , section it ot the workmen's compensation act. The original ruling required an unlimited, overage.