THE BEE: OMAHA, FRIDAY, JULY 12. 1918.
KcnmauTlkfflMc Progress of Mie
lasted
w
HOTEL COMPANY
IS PERMITTED TO
CONTINUE WORK
Government Allows Securities
Issue Which Means Early
Completion of Six
Hotels.
The capital issues committee in
Washington has granted a permit to
the North American Hotel company
to issue additional securities and to
finish hotel buildings now nearing
completion at Hampton, la.; Grand
Island, Kearney, Scottsbluffi and
Ogalalla, in Nebraska, and at Ottawa,
Kan.
The committee which controls all
security issues which exceed $100,000
during the war, after months of in
vestigation, has granted this issue of
securities as not being incompatible
with national' interests.
t An official of the North American
.Hotel company stated: "This action
'means that there are excellent pros
pects for the completion and getting
into operation six fine additional fco
tel properties in Nebraska, Iowa and
Kansas in the near future. There
has been considerable delay to build
ing of all kinds in the past, due to
shortage of labor and inability to get
delivery of certain necessary building
materials, d'.vices, fixtures and equip
ment, and these elements may yet
cause slight delays in our work.
"However, at the present time six
of our buildings are so far advanced
that we anticipate but little delay in
getting theu. open within a very ew
months, since practically all of the
furnishings, carpets, silverware, dish
es, linen, etc., have been purchased
and some have been shipped and are
now in storage awaiting completion
of various buildings.
"Under the permit of the capital is
sues committee we are rushing to
completion four hotels in Nebraska,
one in Iowa and one in Kansas. The
capital Issues committee has re-
requested that we proceed slowly with
work on the hotels at Norfolk, Neb.;
ToDtka. Kan., and Eldorado. Kan..
and that we delay our Sioux City
note! until after the war,
. "The North American Hotel com
pany is amcng the first of middle
west institutions to receive a permit
to issue its securities under the au
thorization of the capital issues com
m it tee." '
Helping School Mate
Gets Rooney Into Lot
of Trouble In Omaha
'. A desire to help a schoolmate who
had become involved financially
through "fast" living is alleged by G.
.-,A. Rooney of New York to have
xaused his arrest in Omaha. Rooney,
according to a confession, which po
nce allege he made, says he was vis
iting at the home of William Faber,
a schoolmate in bturgis, i. D.
Faber, he says, became involved in
debt and was facing disgrace at the
time of his visit. In order to pay his
creditors he stole two valuable dia
monds from his mother,, which he in
duced Rooney to bring to Omaha and
sell and remit the money to hm.
Mrs, Faber on discovery of trie
loss of the valuables suspected
Rooney arid filed a complaint in
South Dakota. He was arrested in
Omaha and is being held as a fugi
tive from justice. Rooney expects to
return without extradition papers and
says he is confident the charges will
be dismissed and the matter settled.
Rooney says he and Faber were
schoolmates in New York and that
he was spending his vacation visiting
friends in the west He planned on
enlisting in the navy after a visit and
was enroute to Chicago when ar
rested. , .
Honesty of This Farmer
Lands Him in Bastile
On the theorv that, "honesty is the
best policy" a farmer, from Belgrade,
Neb., on arriving inHnis city from St.
Joseph, Mo.,a admitted to a police
officer who bad him under suspicious
observation at the Burlington station,
that his bulging suit case contained
twelve quarts of Old Judge Kentucky
whisky which he was transporting to
his home. On investigation uTe con
fession was found to be well founded
and the farmer, who refused to give
his tiame was booked under a John
Doe warrant ' , -
The modern George Washington
explained the presence of the whisky
in his grip by saying that he had
gone to St Joe in search of harvest
hands, and was only able to secure
them by providing liquid refreshments
f for them. He assured the officers
that he had no ulterior motive in
bringing the contraband into Nebras
ka, but is being held for further in
vestigation Grocers to Refuse to
Buy From Curb Brokers
As a result of the charges of profit
eering growing out of the hearing
, before Food Commissioner Allen of
the accusations against the curb bro
kers, the Omaha Grocers' association
Thursday decided that hereafter they
will buy no vegetables of ny specu
lator in truck. They will confine
;heir purchases to regular gardeners.
This statement was given out
Thursday by Secretary J. J. Cameron
of the association, who stated that
the organization in thit.way hoped to
reduce the probability ot profiteering,
by confining themselves to the profits
; on the cost of production allowed by
the food commission.
Nebraska Service Garage
Till is Tapped for, $23
The Nebraska Service Garage No.
2, 1102 North Eighteenth street, was
robDed Wednesday night ot iii, pre'
sumably by two men who called os
tensibly for the purpose of purchas
ing gasoline. The two, then came in
v at -MU ibursday morning and said
their automobile was stalled at Twen
ty-fifth and Cuming streets and that
tfery needed gasoline. The attendant
' started out with the gas, but found
' on arrmn at the cppoi.t".d place
- that there was neither car nor men
On returning to the garage ne found
the back window broken and the
Successful Management
MR, WILLIAMS was for 30 years district manager of the
Grand Union Tea Company, now a subsidiary of Jones
t 11 rn- r .1 lj i - n n
liruuiers xea company, anu nau cuarge 01 au 01 lucir
stores and interests in eight northwestern states. He is a man
widely known among business men throughout this part of the
country and has demonstrated remarkable ability as director
of chain stores. His methods of producing efficiency and
greater profits have been widely copied in the Grand Union
organization. The
r 1
C " ' ft Vi 11
A y": A
Basket Stores Com
pany is protected
against the loss of
his services by
death by an in
surance pohev
for $50,000.
of the Company's
Growth Is Shown
by the Following Table
MR. WALTER D. WILLIAMS,
President and Manager.
The Basket Stores
Have Been Paying
Regular Divi
dends for 8
Years
1 i
nnnn
YEAR
1910
1911
1912
1913
1914
STORES
SEVEN
EIGHT
EIGHT
TWELVE
EIGHTEEN
THIRTY
FORTY
Two IMew Basket Stores!
NO. 45-ORD, NEBRASKA.
NO. 46-NORTH BEND, NEB.
THE BASKET STORES chain began in 1908 in Lincoln,
Neb., with one store. Within two years the business
prospered until seven stores were in operation. Each one
of these stores was placed upon a profitable basis.
In 1910 the business was incorporated as the Basket Stores
Company, its assets being seven stores and the stock these
stores contained. During the next two years two addi
tional stores were opene d. The following year four new
stores were installed. The next year six more stores
were put in. The ye ar after that, twelve additional
stores were opened. The succeeding year ten more
stores were started, and, at the close of 1917, forty
stores were in operation.
The business has been phenomenally successful
from the first day, as the above record will indi
cate. The volume of sales has grown from
$175,000 in 1910, when the company had seven
stores, to $2,143,000 in 1917, when the com
pany had forty stores. However, during
the. year 1917, upwards of only thirt.y-
six stores were actually operating in full
force.
SALES
$175,936.00
$267,100.96
$394,193.92
$532,842.06
$837,497.23
$1,350,852.52
The Basket Stores
Have Been Paying
Regular Divi
dends for 8
Years
$1,870,141.34
FORTY $2,143,080.95
Basket Stores Stock a Proven, Profitable Investment
An Assured Dividend in Addition to High Speculative Possibilities
We now offer subject to prior sale 1,000 shares 7 Preferred Participating stock, carrying with it a bonus of one share
Common with each two shares of Preferred, the increased capital to be used to establish additional stores. Privi
lege is retained to at any time modify, or withdraw the bonus offering of Common stock. While the Company could
wait until the profits have accumulated out of which to open a number of new stores, by waiting it might lose the op- '
. portunity it now has of seizing the most desirable locations.
1
Location of the Forty-Two Basket
Stores
No.
Interior Ylew of Store Bakey, Where Bread Can B
Sade at a Good Profit, let Sold for 20 Per Cent less
1910 Sales - $ 175,000
1917 Sales - $2,143,000
1301 South 11th St.,
Lincoln, Neb.
No. 21426 O St, Lincoln.
Neb.
No. 3887 North 27th St.,
Lincoln, Neb.
No. 41601 South 17th St,
Lincoln, Neb.
No. 51733 O St, Lincoln,
Neb.
No. 61020 P St, Lincoln,
Neb.
No. 72712 O St, Lincoln,
Neb.
No. 81845 South 11th St.,
Lincoln, Neb.
No. 9508-512 North 14th
St., Lincoln, Neb.
No. 10137 South 9th St.,
Lincoln, Neb.
No. 11 Havelock, Neb.
No. 122202 O St., Lincoln.
Neb.
No. 132643 Randolph St.,
Lincoln, Neb.
No. 14 University Place,
Neb.
No. 15815 South 11th St.,
Lincoln, Neb.
No. 16 College View, Neb.
No. 172001 J St.. Lincoln,
Neb.
No. 18 10th and T Sts., Lin
f), coin, Neb.
No. 21816 North 16th St,
Omaha, Neb.
No. 221522 North 24th St.,
Omaha, Neb.
No. 23-1807 Vinton St,
Omaha, Neb.
No. 242061 Fa mam St,
Omaha, Neb.
No. 252518 North 24th St.,
Omaha, Neb.
No. 264108 North 24th St.,
Omaha, Neb.
No. 27638 South 16th St,
Omaha, Neb.
No. 282221 Military Ave.,
Omaha, Neb.
No. 291702 South 10th St.,
Omaha, Neb.
No. 302409 Cuming St..
Omaha, Neb.
No. 312003 North 20th St.,
Omaha, Neb.
No. 325832 Main St, 'Ben
son, Neb.
No. 333137 Fa mam St,
Omaha, Neb. "
No. 34. 2910 Sherman Ave.,
Omaha. Neb.
No. 85.-5224 N. 24th, Omaha.
No. 362411-13 Leavenworth
St., Omaha, Neb.
No. 3725 Pearl St and 26
South Main St, Coun
cil Bluffs, la.
5
X?' ,r K:
Interior of a Basket Store on Saturday TUlght When the
Stores Are Full of Customers and the Goods Move Fast.
No. 384610 South 20th St,
South Side, Omaha,
Neb.
No. 391401 William St,
Omaha, Neb.
No. 404001 Cuming St,
Omaha, Neb.
No. 41 Florence, Neb.
No. 42 Ashland, Neb.
No. 43150 West Broadway,
Council Bluffs, la.
No. 442921 Leavenworth St.,
i Omaha, Neb.
J
Remember, Co-operation h the foundation of the Basket Stores Company. By
buying direct in carload lots we thereby eliminate middlemen's profits. Our
central warehouse distributes this merchandise to our various stores, thereby
making it possible to pay you handsome dividends. '
AS
W XT-
Dividends Are
Payable:
Januarv First
. v
AnrH First f 9
October tirst Z&JFS
HNANCIAL DEPARTMENT, 640 FIRST NATIONAL BANK BLDG.,
OMAHA, NEBRASKA
A
e.i ,vU' V
N
money gone from the till.
i
