Omaha daily bee. (Omaha [Neb.]) 187?-1922, September 23, 1916, Page 2, Image 2
OMAHA PRESENTS ' CLAIMSFOR BANK I'cn Representing All Lines of Business Appear Before " Federal Board. MUCH TESTIMONY TAKEN (roUnofld Pram fait Ona.) of farmers and Implement dealers call annually at the company's Omaha of 'ice than at any one of the other . branch houses. Peter Jansen, Beatrice, asserted that while he does not live in Omaha, and has no property interests here, . he sees reasons why Omaha is at the , logical place for locating the bank. E. Stoddard, well acquainted with the farm tenant class, asserted the land bank would put the renting class into the position of farm owners. He added that there are 50,000 young men in this state who want to get '.' on farms, but are afraid to try to buy , under the present loan conditions and 'facilities. , Thomas Millett, Gregory, 5. D., said the necessary local associations to negotiate the loans could be formed in his localitv within thirty days after the banks are established, and that the operation of these banks will be a great help in the develop ment of that newer region of country. Interest Rates Now. J. B. Grinnell, Papillion, secretory of the Nebraska Farm congress, gave the results of his investigations as to rates of interest paid now in Ne braska on farm loans. He found one place not fifty miles from Omaha where 10 per cent interest was being paid on a farm loan. He gave his own experience of asking to have a loan renewed, being promised a re newal at 6 per cent and then being charged 6 per cent on the day when he had to nave the money. "I am told they do this right along," he said, "when they get a fellow in a pinch." C. L. Burnham, Norfolk, asserted that under the farm loan system of cheap money and long term loans, the Rosebud country would be de veloped very much taster than it is at present Although he it a banker, he said he was in favor of this cheaper rate of interest on farm loans, -because it would make more general . farm nroaoeritv. and would immedi ately be reflected in increased de posits. Wiley Telli of Wyoming. S. S. Wiley, Omaha, and Wiley, Wyo, fanner colonizer, and hydraulic engineer, testified that all the Big Horn Basin in Wyoming is tributary to Omaha, tapped by great trunk lines, that 12 per cent to IS per cent ia thejrevailing rate of interest there, -and that young men are kept from de veloping that country more because of the high rate of interest, which they cannot afford to pay. H. U fmey, neaa oi tne univer sity Farm Extension Work, presented a concise brief in which he showed average rates of interest charged and showed that west of an arbitrary xone-line, extending from Holt to : Phelps counties, the eastern com panies, will not loan money, claim ing that the rainfall is too uncertain. He asserted the 300 co-operative ele vators in the atate, together with the ; great number of other farmers' or- ganiration would immediately form a basil for (he organisation of the necessary local associations to get the i loans, i , , s . ' Among: others who testified were Colonel Jack Moore, Buffalo, Wyo.! ! L. B. Fenner, Burwell, Neb. P. J. i Brennan, Nobles county, Minnesota; Anson Hiersche, Scotts Bluff; O. F. !' Dornbtaaer, Dallas, Tex.; A. F. Mam- mem, McClelland, la.: W. S. Dela- , tour. Garden county, Nebraska, and a ; ' number of other Omaha men. f The hearing continued until 6 t o'clock, after which the members of J the board hurried to the private car i and started for Des Moines, f Position of Loan Agents. S Four loan men have rushed to i. Hyannis, Neb, to make loans now to i the Kinkaid homesteaders, since the f, federal farm loan bank law 'was : passed, although before this bill be ll came a law, scarcely a loan could be I had there by a Kinkaider. 1 This came out In the testimony of f John A. Hoban, a Kinkaid homestead I "tr from that section, f Hoban testified that before this bill . became a law the loan men would not loan money to a Kinkrder, as the 5 loan companies and the banks there i were largely controlled by cattlemen, " who wanted to oust the Kinkaid farm- era from the settlement in order to get the range back for their cattle. , Commission in Advance. Hoban testified that ' he borrowed 1 month, and that he ii to pay 3 per cent commission annually for five 5 years, and S per cent interest on the I loan besides. He testified that the 3 per cent oer annum commission, I making IS per cent for the five-year period, was all taken out in advance. i t and that he tnus gives tne company 1115 per cent besides the 5 per cent per annum interest. t . This was the testimony adduced when the board questioned Hoban as I to how the federal farm loan bank i loaning money at 5 or 6 per cent would ocncni me r innaiu uuiuc- steader. i He testified that up to the present month he had been able to get only ; small loans, and these from farmers . or ranchers in the neighborhood in 7 (tead of at the banks. He paid 8 per : cent on these. ' Law Helpa Already. "Do you believe the Tact that the , farm loan bank law is soon to go into S effect had anything to do with your t ability to borrow this $2,600 now?" ' asked Secretary of Treasury McAdoo. "I do," he said. "1 believe that is I lust why I got it. The loan compan ics sent men into Hyannis as soon as ' the law was passed, and there are f four men in Hyannis right now mak- .- tug farm loans to Kinkaiders. The court room was packed a half 1 hour before the hearing - started , j Three hundred men crowded the room, and hundreds more packed the . We make clothe for ' particlar men. . Sack Suit from $55 down DRESHER, The Tailor, 1515 Farnam. Tyler 345. corridors seeking to push their way in, or waiting for someone to leave and make room for another. Sixty Are Farmers. When Secretary McAdoo asked to see the hands of those who were farmers sixty hands in the room went up, which did not include any in the hall unable to crowd in. Mr. McAdoo made an opening statement, briefly telling the purpose of the hearings, and George W. Nor ris followed with a summarized state ment of the intent and purpose of the bill and the method of its operation. J. A. OUis of Ord was the first witness called. He testified that in the last few days he had talked to at least eight men within a radius of three miles in his neighborhood who had from $1,000 to $3,000 apiece, but were afraid to buy even an eighty acre farm, though they wanted one, because they teared reverses mat would make it impossible to pay off the mortgage in 'the five years al lowed them under the present system. He said all these men declared they woxld feel safe in buying a farm un ci -r the tarm loan act when thty could get cheap money on a twenty or for ty-year term under the amortization plan. All Charge Commission. Mr. Oltis testified that the prevail ing rate of interest on farm loans in Valley county is 6 per cent, but that all the loan companies charge com mission of l'i per cent for making the loan. Ed P. McDermott of Kearney, a kwyer, next on the stand, had a pack of letters in reply to inquiries he had sent to loan men all over the Sixth congressional district of Nebraska. While many of these loan iiien did not want their names mentioned, they gav: information freeh' as to rates of interest charged and commissions deducted. Summarized, they were in part as follows: Bartlet, Neb., 6 per cent plus com mission. Sidney, Neb., formerly 10 per cent, now 8 per cent since the farm loan law passed. . Sherman county, S'i to 6 per cent interest and 2 per cent cash commis sion. Dawes county, average of 9 per cent interest, and in some rases com mission as high as 6 percent. Keya Pans county, 6 to f per cent interest and varying commissions. Dawson county, 5 per crnt interest and $20 per $1,000 commission. Sioux county, 'up to recently 10 per cent interest; now 8 per cent. Scottsbluff county, under irrigation 10 per cent interest and other rates varying with the individual case with regard to irrigation facilities, etc. Keith county, 8 to 10 per cent in terest and commission at IK to 2 per cent. Kimball county, $5 per $1,000' com mission, which always runs the rate of interest up over 8 per cent Banner county, 10 per cent interest and 10 per cent commission. Lincoln county, 6 per cent interest and 3 per cent 'commission. Cheyenne county, 6 per cent on the best improved land. Many Leave Farma. Mr. McDermott declared that of the Kinkaiders who settled on these 640-acre homesteads a number jf years ago; ouly 10 per cent are now on tne tarms. 1 he rest, he said, had to get out, largely because they could not get cheap money on long term loans with which to develop these places. 1 feel sure from a canvass I have made." said McDermott. "that 60 oer cent of the farmers in the Sixth dis trict will avail themselves of the op portunity to Dorrow money, under this new plan as soon as the federal farm banks are established. Thev are all willing to join the local as sociations. He wound ud bv readinsr some re plies as to location favored by men from various places in the western Dart of the state, all of whom fivnr. d Omaha, giving tht. railway facili ties and many other reasons for their choice. Victor Anderson of Kearnev. who with his brother operates an 800-acre tarm, testified that the prevailing rare of interest 'on farm loans in his lo cality is Ski to 6 per cent, with a com mission charge ot 1 per cent a yea. He testified that 40 oer cent cf the farmers in his county are tenants, that all of them are ambitious to own farms, and that these' would all be greatly helped by the establishment of a farm loan bank. News of State Capital (From a fluff CosTMpondenL) Ltneoln, Bpt. II. -(ipocUI.) An opinion wrlttan by Chief J us tic MorriMjr gtvoa At torney C B. Band, I of York, an affirm ance of tna Judgment ho Moured In York count r for IMI6 aa him fen for laa-il urv. leaa for rapraaantlnf Uorlti and Herman Otio In II titration Involving proportjr worth 00,00o baionvtn to thalr fathar. William Otto, Bandall acted aa thalr attorney In a controverts with three other children of the emer uno. The mivatlon waa aubaequently Ult4 out of oourl over the aUornov'a bead. In a ?aie Invotvtna tha value of a hoi which fell through tha approach to a bridge ana nan to do amen oeoauao of Ita InJurlea. the high bench decldea that Rlchardaon county muai pay namagea to the ?, H IMlea aetata and John Wililama. Aa Effect. Coach TrontaMna. Ona teaapoonful of Dr. Klnfa New Dis covery taken aa needed will aoothe and check your cough and bronchial Irritation. All druggist. Advert leeroent COAL AND GAS RANGE Demonstration Monday, Sept. 25 Milton Rogers 1515 Harney St MAKER'S HAIR BALSAM 1M m umiw .t turn B.lp. to MM dudnL wft Mia unarrnM. THE BEE: OMAHA, SATURDAY, SEPTEMBER 23, 1916. PRISONER TEARS UP THE KEARNEY JAIL 0. N. Mitchell Nearly Wrecks Interior in His Effort to Make Escape. BEATEN INTO SUBMISSION Kearney, Neb., Sept. 22. (Special Telegram.) A daring jail delivery was thwarted here early this morning, but only after one police officer had been knocked unconscious by a blow from a bolt in the hands of O. N. Mitchell, alias John Jones, and an other had been forced to club him into submission. Mitchell was in the city jail on the charge of operating an automobile without a license. The .jail was not guarded from 8 o'clock until 2 a. m. His attempt to get out was one of the most daring ever known here. He literally demolished the interior of the two-cell lockup and tore off the entire door sill which leads into the office. Just as he had forced his way into the office he heard the officers coming down the hallway with an in toxicated man. He hid behind the door and as Night Policeman Bede Laughton stepped in he was floored with the iron bolt in the hands of the prisoner. After a desperate encounter with Officer Vern Smith, lasting for ten minutes, he finally gave in. Mitchell then confessed that he was wanted in Phillipsburg, Kan., for stealing an automobile. A tent i.t which he had been living at the fair grounds was found to contain many stolen articles. The Kansas sheriff has been notifiea and will arrive tomorrow to take charge of the prisoner. Start the Children Right TVTANY a grown-up 1V1 owes the shapeliness , her feet to the shoes wore as a child. It is more im portant that children's shoes be made upon right fitting lines than adults' shoes, for a child has practically no choice. Our stock of children's shoes contains every kind of sioe for every purpose and occasion for children. They are designed and macle with the same care for comfort and support as our adults' shoes. School shoes from $2.25 to $3.50, according to size. Duymg at Saves You Read Over This Bargain List For Saturday, $1.00 Listerlne 594 50c Stuart's Dyspepsia Tablets for 29 60c Canthrox 29( 50c Orazin Tooth Paste.... 344 Bottle ot 100 Hinkle Cascara Pills lor ' 19c) 50c Nadinola Preparations. .344 60c Hind's Honey Almond Cream for 344 50c Doan's Kidney Pills. . . .344 60c Lantz Red Kidney Pills. 394 Rubber Department $3.60 Whirling Spray Female Douche ..$2.38 $1.50 Legrand 2-qt Fountain Syr- ing 794 $1.60 Legrand 2-qt Hot Water Bottle 794 65c Atomisers 394 $2.00 Legrand Combination 2-qt. Fountain Syringe and Water Bot tle for 81.15 $1.00 Duffy's Malt Whiskey .794 60c Java Rice Powder 344 10c Lustrite Emory Boards. . .54 60c Lavorls 344 60c Kodol Dyspepsia Tablets 294 85c Castoria 214 26c Mentholatum 164 5c Ivory Soap 2 for 64 26e Graves' Tooth Powder.. 15 25c Sloan's Liniment ...... 174 Mail Order Receive Our Prompt Attention. Beaton Drug Company 15th and Ford SALES' AND SERVICE STATION HOLMES-ADKIHS CO., Chassis, $325.00 Touring Car, $360.00 Runabout, $345.00 Sedan, $645.00 Coupelet, $505.00 Town Car, $595.00 F. O. B. DETROIT nrmm Tke Demaids Wheat the blood (tht power laid of your body) is properly nourished, vour bodv In variably radiates signs of glowing health But it Is to tuy to neglect its importance, and blood dimtt't ot malignant form, like Rheumatism, Catarrh, Malaria, Scro fulous poisons and akist diitaaes take hold before we ate swart the result of negli gence. Ketp your blood pure by the nourishing qualiiits of t I.I. and ban ita then undetirable tenant! from your body. tituiwtsMrtireinrujiis FIRE COMPANIES LOSE TORNADO SUIT Supreme Court Holds Wiig Building Was Hit by Light ning Before Blown Down. CANNOT SEPARATE LOSSES (From a Staff Correspondent.) Lincoln, Neb., Sept. 22. (Special Telegram.) Martin Wiig of Omaha, whose brick building was destroyed in the Omaha tornado of 1913 can re cover on two policies for lightning and fire which he held in Girard Fire and Marine Insurance company and the American Insurance company of New Jersey, according to a ruling of the supreme court this morning. The companies fought payment of the policies on the ground the build ings were blown down first and took fire afterwards. The high court says, however, that the evidence shows the building was struck by lightning first and was blown down afterwards. Nor is "it possible, the court says, to sepa rate the loss due to fire from that due to the collapse of the building. HYMENEAL Thompson-Brunsbicta. Beatrice, Neb., Sept. 22. (Special Telegram.) Harry Tohmpson and Miss Othelia A. Brunsbach, both of Maryville, Kan., were married here this evening by County Judge Wal den. Department Orders. Washington, Sept. 21. (Special Tele gram.) Penitone f ran ted: Nebraaka, Mar tha J. Beck. Campbell, $11. Tha following letter carrtera were ap pointed In Iowa: Arryle, Pblllp Frank; Arlon, Foeter 8. Kepford; Blakeaburf, Paul Chaaman; Crawfordavllle, Emeat L. Clark; Earlvllle, Samuel McCarvey; Ollmore City, James F. Mulholland; Schallor, Gold Sonne burn;- Scran too, Albert F. Hatch; Beranton, Fred Croae. woman of she 'SHOfcC. &. DOUGLAS. Beaton's Money Perfume Specials $1.00 Piver's Extract, all odors, Ser ounce .694 c Assorted Perfumes, many od ors to select from, per oz. .244 60c oz. Sachets, large assortment, per ounce 244 a Photo Department Films Developed Fra $3.50 Pixie Camera, 2MxiK tot 82.00 $2.50 Pixie Camera, 2Vix3'4 for 81.50 6c M. Q. Tubes 6 for 254 Special prices on enlargements. Candy We are agents for Hnylers', Cranes' original Allegretti and Lowney Chocolates and Bon Bons. Fresh shipments received daily. Cigar Special 10c Chancellor, Conchas size, each for 5 Limited 6 to a customer. 10c Odins 5 for 254 10c Tom Moore, Conchas size, each 54 Limited 5 to a customer. 16c Muriels, Breva size 3 for 254 10c Gibraltar Perfecto 5 for 254 Farnam. of Tomr Blood (power fluid) running (50) Rock Island Must Settle With Circus . Men Hurt in Wreck (From a Staff Correspondent) Lincoln, Neb., Sept. 22. (Special.) Joseph Maucher and James Crog han, employes of the Rmgling Bros. The Glories of Do People Like to Be Humbugged? Some ttoret evidently think to. We might explode a lot of ttrong language in this ad and perhaps attract more attention, like a small boy with a fire cracker, but we prefer to tell the simple truth in a plain, un derttandable way, because we seek your confidence as well as your attention. Toilet Articles at Special Prices Ideal Rubber Cushion Hair Brushes, tripre bristle, for Saturday, only $1.00. An excellent Medicated Toil et Soap, at 19c a box. Saturday only; quantity to each customer limited. Main Floor. Remember This When You Buy Silks Silk is one of the easiest products in the world to "load"; that is, to make it appear genuine, silky and like a pure-dye taffeta. Many unscrupulous man ufacturers substitute, adding three or four times the actual weight of the silk by using tin or iron. They overload and weaken their silk to such an extent that it is prac tically worthless and at the first strain it splits and tears. MORAL: Insist on Beld ing Bros. Guaranteed Silks, which are pure dye, will not split or tear and cost no more than is asked for ordinary silks. We are Exclusive Agents for Beldiug Bros. Silks. SORQSIc Shoes for Fall An unsurpassed Selection From . Which to Choose. sT "THE STORE FOR THE -Again to the front with a gigantic sale for Saturdpv in our Men's, Women's and Children's Dept's., featuring special prices throughout the entire store. ' LADIES' SUITS, COATS, SKIRTS, WAISTS, FURS, MILLINERY, SECOND FLOOR TAKE ELEVATOR Ladies' Suits serf e.gj Laoies' Suits, pop- A Wm PA Ladies' Suits, mtn' f f f poplin, aoveltytl W lie, aba r d i n e A 3U tailored; poplin, er- Vl II I cloth, fur or velvet T I 1 serges, fur or vol- T I ca ges, novoltjr doth, 11 collars; all colors; I m I vet collars; all styles; I I fur trimmed; worth to II worth to $21.80 I W "" 24.50. . . . I $30 Ih W Ladles' Coats, rft Ladles' Coats, Cfl L ' C e a t ., A Um r cape velvet collar, I QU 'T PUid nd mU" jk 1 J JU Pu,h " '" 1 f JU novelty cloth; new- T tures, in all colors; T I with belt or full Iff est styles; worth I velvet -collars worth I M flare; worth I I $12.50 I $1850 Ik $25 I I Lingerie Waists, in all A Georgette Crepe Waists t A New model Trimmed t ft OQ styles; worth UHP worth $5. ZI Hat. for fall; worth ef U Feature price UUIl Feature pric V $7.50 to $10 U Elegant line of Skirts, ( J O R Sailor Serge Dresses, Q 0 N,w Silk Otnm, ell f el I" worth to $7.50; all I ZZ. es; worth to 1 shades; worth to I 1 ,ty .....I535 $12.50 U $30 IU Men's, Young Men's, Boys' Suits, Shoes, Hats and Furnishing Goods, Main Floor. Bargains for Saturday. Men's Suits, ' eassi-1 "f C fl Men's Suits, plaehf f Q C Women's Shoes, all J Q Q mer, worsted, fancy P luU back or regular cut; C fj Jw colors and two lone; f A 30 mixtures; worth f worth H Mat shades worth U 3 112.50 " vl8.50 W $7.50 ' Boy s' and Girls' t 4 Q0 Boys' School Suite, in $2.50 M"'' Vnion SuiUt ia69C School Shoes, extra 1 0 M , worh ,g , and best that money can buy. AND good; worth I !E3 ' $2.50 1 $7.50. $3.50 Come see. 98C THE STORE FOR THE PEOPLE circus in 1913, are entitled to recover $10,000 and $15,000, respectively for injuries in a railroad wreck when a Rock Island passenger train hit the circus train in a rear end collision at a siding near Richfield, Neb. The judgments returned in the district court of Douglas county run against the Rock Island. The railroad pleaded a special con tract with the circus and also assert ed the damages were excessive. The THOMRSON-BEIDEN lie Fasfiion GrrteroTilie Middle Csfablishedl88a Autumn Colors Everywhere Luxurious Furs In Fashionable Styles Moderately Priced This season's newest styles are very attractive, and present a complete showing of QUALITY FURS at popular prices. The Fur Shop Second Floor. Children's School Hose Special ise, 3 Pairs for 50c A fine ribbed black cot ton hose, durable and sightly. For Saturday only, 18c, 3 Pairs for 50c. Stylish Sailors of Hatter's Plush, $3.95 A Special Sale Saturday Three fashionable hew shapes, small, medium and large, made of fine black hat ter's plush. An tQ QC extra value for pv,J Trimmed ljats,$ 2-95.$3-95 NHats of Silk Velvet in new styled and. colors and smartly trimmed ; remarkable values at these prices, for Saturday only. On Sale ia Basement Millinery Only. NOVELTY COj THE NOVELTY CO. 214 North 16th Street BERNSTEIN KRASNE, Prop.. high court says it would be against public policy to recognize the specialy . ..... ,.l in virw of the serious crippling of the two men, the judg- ments are not too large. H H FURNAI.D died at hla home at Plai'nvlew, Neb., yesterday. His body waa brought to Seward and tho funeral took place Friday. He was I p'oneer resident of this place. He leaves one son. Albert of Plainview. 6CO. Wesl The Store for SHIRTWAISTS New blouses, fresh from their packings, ready for Saturday. We will enjoy show ing them to you. Second Floor. Featuring as usual The latest styles in Laces, Dress Trimmings, Beaded Flouncings, Metal Laces and Rose Trimmings. When so much of the success of a costume depends upon the finishing touches, it pays to be particular and select with care. We will be glad to have you look. Main Floor. Infants' Shirts & Bands On which the Baby's Sec tion specializes. Wrappers, no buttons, dou ble across the front, of medium weight cotton, sizes 1 to 6, 25c. Ruben's Shirts for infants, cotton and wool, all-wool, silk and wool and all-silk, , sizes 1-6. Priced accord ing to size and quality, from 50c to $1.85. Infants' Bands, cotton and wool, all sizes, 25c; all wool and silk and wool, at 50c and 55c. Third Floor. PEOPLE" THE STORE FOR THE PEOPLE ii