A
THE BEE: OMAHA, THURSDAY DECEMBER 7, 1916.
M'ADOO PREDICTS
LARGE DEFICIT
Shortage in General Fund at
End of Coming Fiscal Tear
Will Be $185,000,000.
STOCK OF GOLD IS LARGE
Washington, Dec. 6. Secretary Mc
Adoo's annual report of the govern-
ment's finances, presented to congress
today, estimates that the fiscal year
ending June 30, 1917, will show a bal
ance of $115,000,000 in the general
fund, but that the figures a year later
June 30, 191ft will show a deficit in
the general fund of $185,000,000.
Preliminary estimates place the cost
of conducting the government for the
coming fiscal year 1918, exclusive of
the postal service, which is expected
to be self-sustaining, and other deduc
tions, at $1,278,021,000. The ordinary
receipts for the fiscal year 1918 he es
timates at $995,550,000, which is $282,
471,000 less than the estimated ex
pense. Estimates of large expenditures for
national defense carry the estimated
outlay beyond the estimated income.
For the fiscal year 1916, now draw
ing to a close, the secretary reports
great prosperity and expresses great
est confidence for the future. "During
the last year, the secretary says, the
prosperity which set in so strongly
during the fiscal year 1915 has grown
in strength and volume and Is now
widely diffused throughout the United
states, .fundamental economic con
ditions have never been more sound.
In all lines of industry efficiency of
organization and production have
reached the highest point in the conn-
try history. Oeneral confidence m
the future, healthful enterprise and de
velopment have been marked charac
teristics of the year.
United States Creditor Nation.
"The financial strength of the
United States the greatest in our
history gives ns a commanding posi
tion in world finance. We have been
transformed from a debtor into a
creditor nation. On November 1, 1916,
the stock of gold coin and bullion in
the United States was estimated at
$2,700,136,975. an increase of $714,597,
804 in the last sixteen month. This
is the largest stock of gold ever held
in the United States or in any other
country of the world. Through, the
operations of the federal reserve sys
tem and with our abundant supply of
gold as a basis, tbe credit resources
of .the United States have become
more than sufficient for home demand,
and we have been able to finance our
great domestic and foreign trade with
out strain and to extend vast amounts
of credit to other nation throughout
the world.
Reserve Praised System.
"The experience of the last two
years has brought into strong relief
the value of the federal reserve sys
tem. It is not too much to say that
our great prosperity could not exist
without it. The usefulness of, the sys
tem has been broadened recently by
the amendatory act of September 7,
1916. which renders it more attractive
to member banks and increases the
scope and services of the federal re
serve bank. Due to the transference
of vault and other reserves to federal
reserve bar ks, authorized by the origi
nal act and amendatory act, the re
sources of said banks are now more
than $650,000,000, while the total re
serves held are over $400,000,000, and,
in addition, more than $230,000,000 is
held by federal reserve agents as spe
cial security against federal reserve
notes. About one-fourth of the conn
try's stock of gold is thus mobilized
in the hands of the federal reserve
banks and agents.
"The increasing strength and effi
ciency of the federal reserve banks
have enabled them to enlarge their di
rect service to the business commun
ity through the introduction of a defi
nite and comprehensive system for
the par clearance of checks through
out tbe country.
"Rates of discount at federal re
serve banks have con tinned low
throughout the year, and most of their
open- market paper, consisting largely
of acceptances growing oat of for
eign trade, has been taken below a
2'A per cent basis. -Rates of interest
throughout the country have been re
duced and established with great ad
vantage to the business of the coun
try. Meets TJnosual Demands.
"It would have been impossible to
finance our vast domestic and foreign
trade without tbe facilities provided
by the federal reserve system. Not
only has it met the normal and ex
traordinary needs of business, bat it
has established confidence securely.
Only Oh "BBOMO qiUNINK."
To set the genuine, call for full nim,
I.AXATIVH BRUHO QUININE. Look for
tiguatore t K- w- OROVB. Cures a Cold
In On Pay. 16c Advertisement.
XMAS suGGEsnorts
Toilet Articles
In Sterling Silver, Ieorr
Ryan Designs, Quality and
Price
RYAN JE VVELRY CO,
Rom Bids., 18th sad Fan
THE XMAS GIFT SHOP.
SITTINGS I
I Made by Appointment 1
I Before December 20th I
h Will Be Ready for Xmas fc
I THE, 'I
Heyn Studio I
J 16th and Howard. p
;'. Douglas 481. 1
"'wuatiaifflgiaHiiaiijiiBiaiaiiaajBLiiSiiwii'jsaJ
Business has been able to go forward
without apprehension and the several
crises which the country has faced in
its international relations during the
past two years have been accompa
nied by no disturbances and have
caused not even a tremor in the finan
cial world. The crops of 1915 and
1916 were financed without difficulty
and to the great advantage of the
farmers, and the industrial troubles
which at one time seemed imminent,
because of the threatened railway
strike last summer, were not accom
panied by the slightest financial un
easiness. Happily the country has
been at peace and business and en
terprises have had the largest oppor
tunity for favorable development un
der the most auspicious conditions.
If we make intelligent use of oar
great power and exceptional financial
resources we can cope successfully
witn any condition the future may de
velop." S
Too Many Public Buildings.
One of the features of the report
is a discussion of present methods of
constructing public buildings.
1 am convinced, says the secre
tary, that the methods pursued by
congress for the past fifteen years
of providing federal buildings
through so-called omnibus public
building bills have resulted in the con
struction of many public buildings in
small towns and localities where they
are not needed and at a cost which
is clearly unjustified by any actual
requirements of the communities in
which they are erected. The con
clusion is irresistible that authoriza
tions for public buildings in these
small communities are too frequently
dictated by local reasons and without
regard to the best interests of the
government. The most serious as
pect is this: The annual operation and
maintenance of these buildings im
pose on the treasury a permanent and
constantly increasing burden.
"Common sense and business judg
ment would seem to demand that
structures for the transaction of gov
ernment business should be author
ized only in localities where they are
imperatively needed, and that build
ings should not be erected where no
public necessity can be shown. This
result can be accomplished by divorc
ing the public-building question from
all local or political considerations
and authorizing no public buildings
until a thorough and intelligent in
vestigation of each nronosed huildinor
or project has been made to this de-
iartment and a full report thereon
las been submitted to conereu. If
such reports were followed by the in-
troaociion ana passage ot separate
measures to cover each proposed
building protect the abuses and evils
of the omnibus-bill method would be
eradicated."
War Risk Insurance.
The Federal War Risk Insurance
bureau, Mr. McAdoo says, should be
extended year to September 2, 1918,
since congress might not be in ses
sion next September and it would be
impossible then to continue the work
if the European war. is still in prog
ress, and serious injury to American
Dusmess might result The report
says up to November 17 nearly 1,700
policies were written by tbe bureau,
with total risk of more than $14,610,
000 and losses amounting to $833,924.
, i -m muia i ctcivcu amonnieu to J.
142,525.' -i-., , ,V
In speaking of customs revenues,
which increased about $3,400,000 over
the previous vear. the seeretarv nvi
the European conflict is still interfer
ing with such receipts.
-f .u - L.- i: ' .... r . i
wiuiv we urcaaiug out Of ine
European war," says the report, "the
amount of the collections indicated
clearly that under normal conditions
tne present tariff will orodnee all the
revenue it was estimated it would
produce at the time it was drawn, and
since the war the receipts under the
tarin Dili nave been all that could
be expected under the present condi
tions. Mr. McAdoo points out that for the
year the value of imports was about
$484,000,000 greater than the previous
year and those of exports $2,768,589,
340 greater.
Anti-Narcotic Law.
Congress is asked to amend the anti
narcotic law, in view of the supreme
court interpretation of the clause
lating to drugs in possession, and to
provide funds to care for drug addicts
through eovernment treatment.
'To cut off suddenly the supply of
drugs without curing the addict of his
cravings or making any provision for
tne amelioration ot his sufferings,
says the report, "is not only inhu
man, but encourages evasions of the
law.
Appropriations are asked to enable
the public health service to prosecute
investigation of infantile paralysis
and tor the aviation section of the
coast guard, authorized but given no
hinds by congress.
me report concludes with a re
sume of operations of the various bu
reaus in the Treasury department.
Farmers of Pine
Bluffs Organize
Loan Association
Cheyenne, Wyo., Dec. 6. (Special.)
the hrst farmers Loan associa
tion to be organized in Laramie coun
ty and one which will include a num
ber of farmers residing in Nebraska,
has been formed in the Pine Bluffs
district, forty miles east of Cheyenne.
The association has an initial mem
bership of twenty-five and $40,000 of
its capital has been subscribed. The
president of the new association is
atcphen names; vice president, A. I.
Droesler; acting secretary, George L.
Nelson, and these, with the following,
constitute the board of directors: J.
J. Bozarth, Henry Wisworth and
Uyde Stephens, t he association s
territory comprises the eastern por
tion of Laramie county from a line
about thirty miles east of Cheyenne,
and extends about one-halt mile into
Nebraska. The Colorado line is the
southern boundary.
Harry Masters Named in
Louis Berger's Big Suit
Harry A. Masters, proprietor of
the Omaha garage, 2010-16 Harney
street, is named defendant in a $25r
000 damage suit brought by Louis
Berger. who alleges that the garage
man attacked him on November 29,
"inflicting permanent injuries." The
attack was made While he was remov
ing a car from the garage, the plain
tiff declares.
Obituary Notices.
MRS. MARGARET LORANO died
Tuesday at the home of her son,
John Lorang, at Laurel, Neb., aged 87
years. Her husband has been dead
some years. The family came from
Germany, and after living tor a time
at Dubuque, la., located on a home
stead north of Laurel In 1874. Four
children survive her John Lorang,
Mrs. William Horan and Margaret
Lorang, living north of Laurel, and
Mrs. John Leetch of Crawford, Neb.
She Is also survived by forty grand
children and fifty great-grandchildren.
Never In her long life did she require
the services of a physician until dur
ing the liuit few months.
DIETRICH BCHINDLER, one of
the best known pioneers of Otoe
county, died at bis home south of
Nebraska City Tuesday morning after
an Illness of several months of atom
ach troubles. Mr. Schindler was born
in Switzerland, July 10, 1843, and
came to America with his parents in
in late -sua after a voyage ot sixty
days, landing at New Orleans. The
family then came by boat to Nebras
ka City and located on a farm near
this elty. He later resided in Arkan
sas, where his father was killed by
bushwhackers during the war. Mr.
Schindler then returned to Otoe
county, where he had since made his
home. ' He engaged In farming and
became wealthy, owning land In Ne
braaka, Kansas and Texas at the
time of his death. He leaves a fam
fly of five sons and three daughters.
He was a member of the Elka lodge
of this city. His body will be token
to Omaha Friday where it will be
cremated.
KING IS TRYING
TO RECONSTRUCT
OLDJOALITION
(Continued From Par One.)
BONDS
$100
$500
$1000
Yielding 5$ to 6 Per Cent
We are offering a well diversified list of safe
first mortgage bonds.
Each Issue is secured by improved real estate and
ha been protected by the definite system of safeguards
which we have develop
ed In thirty years of
experience.
HOW NEAR
CAN WE COME
TO PERFECTION ?
The 20th Century Question
asked by the public of every
professional and business " '
man is: "Are you doing everything humanly
possible to give me the very best there is to
give"? Personally, we say yes to this question and our
hundreds of patients agree, often stating their opinion
in letters praising our service. We guarantee our work, .
something not every dentist WILL do, and we employ
the latest, most efficient equipment, something not
every dentist CAN do. We demand of ourselves a stan
dard as near perfection as human effort can. come, and
have done so during all the twenty-eight years of our
experience in Omaha. We are only satisfied when our
patients) are more than satisfied.
TO CHy Nert Ink BhtcH llh sad Haney, Onefce.
C. O. Shlpher4, Mt. Office. Hears, Sp. m.
BAILEYthe DENTIST
there was no reason to believe Mr.
Lloyd-George had any ambitions for
the task. The Guardian, which sup
ports Mr. Lloyd-George, says that in
a letter to Mr. Asquith he took the
stand that a man could not act both as
premier and as a member of the war
council which would have to sit
morning and evening and deal with
tne terribly urgent war problems.
The hope is expressed generally
that an election will be avoided on
account of the delay and of interfer
ence with the business of war. Should
an election become necessary, it will
be held under a three-year old regis
ter, so that 4.000.000 new voters would
be disfranchised.
Predict Asquith's Return.
Whether Mr. Lloyd-George, whose
action led to the disruption of the
coalition government and the resigna
tion of Mr. Asquith, would have any
greater success in forming a ministry
than Mr. Bonar Law is a ouestinn
which has not been answered. Politi
cal correspondents predict that Mr.
Asquith will be back at the head of
the government before many days.
Mr. Asquith takes a majority of
the liberal ministers with him in hie
retirement, Mr. Lloyd-George being
assured of the support of only Her
bert Samuel, the home secretary; Ed
win S. Montagu, minister of muni
tions; some of the junior ministers.
including Dr. Christopher Addison,
parliamentary under secretary for mu
nitions, and of a small section of the
party known as the "ginger group."
It is not believed probable Mr. LlnvH-
George would have any more suc
cess with the labor members than
did Mr. Bonar Law, the parliamen
tary correspondents say, while the
attitude of a large part of the union
ist party is doubtful.
it. Bonar Law. Sir Edward Car
son and the earl of Derby probably
would act under Mr. Lloyd-Georse.
Practical Christmas Giving
Christmas is coming and the Christmas spirit is already
with us. Many people want to spread good cheer, but don't
know just how to do it.
The Bee provides opportunities to do Christmas good that
will have PERMANENT RESULTS opportunities to help un
fortunate famines get on their feet, especially families where
there are helpless women and dependent children.
The Bee describes today three cases, all thoroughly investi
gated by the Associated Charities and pronounced deserving
IN EVERY RESPECT. Other cases will be described from day
to day. The cases are designated by numbers instead of names
so as to save those concerned from humiliation or embarrass
ment. All of them are such desperate cases and so thoroughly
worthy that the appeal is sure to meet quick response from the
big heart of Omaha:
1. Mother and eight children. ' Bov 13. srirl 12. trirl
11, boy 7, girl 6, boy 4, boy 2 and baby 10 months. Father
has been sent to the insane asylum as incurable. Mother ill
from worry and trouble. Unable to work on account of small
children. Shoes, clothing and provisions are needed.
2. Widow in last stages of tuberculosis. Two children,
girl 13 and boy 8. Father died of tuberculosis a year ago.
Mother's health ruined by heavy work trying to support
family during father's illness. No income. Need rent paid,
food and warm blankets.
3. Man and wife. Woman ill with cancer. Man has
broken arm. Relatives unable to aid. No income. Need
rent, food and fuel.
Those who want to help can send money or goods to Mrs.
George W. Doane, secretary of the Associated Charities, 1716
Dodge street, or to The Bee.
as they supported his ultimatum to
Premier Asquith regarding the for
mation of a smaller war council.
No Dismay Among Liberals.
The Westminster Gazette says Pre
mier Asquith's resignation was not
received with any dismay in liberal
circles. A majority of the party
warmly approved his decision and
was prepared to give a unionist ad
ministration a fair chance if one were
formed. But it predicts that any mi
nority government would have a pre
carious existence. The Gazette con
tinues: "It may well be that Mr. Asquith
will as the result of the crisis be sum
moned once more to the palace to
form an administration which would
have the advantage of commanding a
majority in the house, which no other
administration seems likely to be able
to obtain."
Half Million-Doilar
Blaze in Brooklyn
New York, Dec. 6. Fire in the
business district of Brooklyn today
destroyed the four-story brick build
ing occupied by the Flatbush Storage
company, burned part of the structure
housing the piano factory of Free
born G. Smith and slightly damaged
adjoining properties, with an estimate
loss of $500,000. One policeman was
injured. The collapse of a wall led
to a mistaken report that six firemen
were killed.
ALLEGES PACKERS
CORNERED CHEESE
Wisconsin Maker Charges They
Nearly Doubled Prices on
Stock Bought in Summer.
BURKE URGES AN INQXTDIT
Chicago, Dec 6. Anticipating an
attack on the alleged concentration
of the packing industry at today's
session of the national conference on
marketing and farm credits, high offi
cials, including Arthur Meeker, gen
eral manager of Armour & Co., at
torneys and others representing the
big packers were present today. r
"I am here as a listener only," Mr.
Meeker explained.
The first attack came from Henry
Krumrey of Wisconsin, an official of
a co-operative cheese makers' associa
tion of that state.
"The packers are constantly in
creasing their hold on the food situa
tion," said Mr. Krumrey. "Last sum
mer they went into the cheese busi
ness along with the speculators who
are customarily in the market. They
bought up practicallv all the cheese
in sight at an average of cents a
pound. Wholesalers are now selling
this same cheese at 26 cents. The
retailer has added his profit and the
effect on the public is bad.
F. L. Burke, a live stock man of
Omaha, urged an investigation of the
whole live stock industry by the fed
eral trades commission. W. H. Par
ry, representing the commission, was
among those present.
Amendment to Stop
Betting On Elections
Washington, Dec. 6. Prohibition
of betting on elections was proposed
in an amendment of the corrupt prac
tices bill offered today by Senator
Kenyon, republican, of Iowa. Betting
would be made punishable by a fine of
$50 for each offense.
THOMPSON, BELDEN
COMPANY
$1.75 and $2 Gloves
Thursday $1.49
"A timely special is of
fered; styles for dress
and street wear, white
and colors, all sizes 5 V'2
1 to IVi.
$1.75 and $2 qualities
For $1.49 a pair.
Linen Pillow Cases
for Gifts
Embroidered and plain,
individual pillow cases.
The plain H. S. Individual
Cases, 75c each.
The embroidered H. S. In
dividual Cases, $1 each.
The Family Hose
Prevents Confusion
Every member of the
family has a different col
or top ; no chance for mis
takes, and no need for
marking. The hose itself
is a fine black lisle with
tops, heels and toes of lav
ender, pink and blue.
50c a pair.
The Loveliest Gifts
from One Womar.
to Another
Embroidered hand-sewed
gowns, skirts, corset covers,
combinations, chemise. Beau
tiful, practical, an ideal gift
Women! Gowns of fine
nainsook, slip-over style,
with kimona or set-in sieves,
square, round or V neck,
$3.50, $4, $4.25, $4.75, $5,
$6.50, $7, $7.50, $8 and
more.
Chemise and envelope
chemise to match the gowns.
New Challis
Bright and Different
They came in during the
past week and make a
delightful showing in
both light and dark col-,
or effects; 49c and 75c
a yard.
The Best Toilet Waters
For holiday gifts we
suggest a bottle of fine
Toilet Water, knowing
that its reception will be
cordial.
Scores of odors, 50c, 75c,
$1.00 to $3.50.
New Heatherbloom
Petticoats
Distinctive patterns and
styles, each in a Christ-
r !"?:.... $2.95
Basement.
Sufficient Silk for a
Waist or Dress
A Gift Indeed '
The largest and most
choice selection of really
fine quality new novelty
silks in the city and at
reasonable prices, too.
$1.?5, $1.50, $1.75,
$2.00, $2.25, $2.50.
Trimmings Disclose
These New Effects
Paisley and Bulgarian
trimmings in bandings and
motifs. ,
Dull gold banding and or
naments, for lamp shades.
Spangled and bead trim
mings. Rosebuds in all colors.
Hand Made Ribbon Novelties t;
Display a great amount of originality and distinct
iveness. v
One must necessarily see the showing itself in order
to appreciate the novel designs.
Four articles are pictures: A vanity jar, a vase, a
pin cushion and a guest's vanity. . Each is made over
glass, which is covered with gold lace and decorated with
French rosebuds and ribbons. A decided novelty.
Orders taken for the above; also ribbon bags, beaded
and brocaded effects, slipper bags, boudoir caps and slip
pers and bows for lingerie.
ii o -ar Vv-vsji -nssr'
u
Suggesting
Haberdashery
for his Christmas
Handkerchiefs
Gloves
Silk Pajamas
Hosiery
Silk Shirts
Reefers
Bath Robes
Belts, Buckles
Vestograms
Umbrellas
The Men's Shop
To the left as you enter.
A Gift Good
Every Month
of 1917
McCall's Magazine
will bring fashion news
every month. The cost
is but 60c for the
whole year.
Basement.
Women's
Union Suits.
A fine ribbed cotton fleeced
union suit, low neck, no
sleeves: Dutch neck, elhnw
sleeves; high neck, long
sleeves; all styles ankle
length, $1.00 a garment.
Have You Prepared
Your Gift List?
For those who have and
those who intend to, we
advise a visit to the won
derful Section
of Novelties
from the
Pohlson Galleries
A line of gifts so dis
tinctive and likable, ' al
though moderately priced,
that choosing is a real
pleasure.
COAL FROM THE CAR
We have a car of SUNBURSTS SMOKELESS
LUMP, which will be in today. We will deliver this
excellent Semi-Anthracite Coal right from the car,
unscreened, for S9.00 A TON. Order now.
Nebraska Fuel Co.
411 South 16th St Phone Douglas 430.
If you want good help put your ad , in the "Help
Wanted" column of The Omaha Bee. Phone Tvler 1000
Persistence is the cardinal vir
tue in advertising; no matter
how good advertising maybe
in other respects, it must be
run frequently and constant
ly to be really successful.